Colorado Agricultural Development Authority Bond Allocation Service Period
Concerning a modification to the service period during which the Colorado agricultural development authority may allocate its portion of the private activity bond state ceiling allocation.
Official status: Became Law
Prime sponsors
- Dusty Johnson (House) — Prime Sponsor
- Rod Pelton (Senate) — Prime Sponsor
Progress (from the official record)
Official summary
Official text — shown in English exactly as published by the official source. The official text controls.
The state private activity bond program funds privately developed projects by allowing the state and its political subdivisions to issue tax-exempt private activity bonds. The federal internal revenue code limits the total amount of tax-exempt private activity bonds that a state and its political subdivisions may issue each year by imposing a private activity bond ceiling (state ceiling). Existing law specifies a formula to allocate the ability to issue tax-exempt private activity bonds up to the state ceiling and initially allocates 50% of these bonds among several state issuing authorities through direct allocations as determined by the department of local affairs (department). On September 15 each year, with a few exceptions, each state issuing authority is required to relinquish unused portions of its direct allocation which is then further allocated pursuant to law. The Colorado agricultural development authority is one of the state issuing authorities to which the department may allocate a portion of the state ceiling. The act changes the date on which the Colorado agricultural development authority is required to relinquish the unused portion of its direct allocation from September 15 to November 15 each year. (Note: This summary applies to this bill as enacted.)
Status timeline
| Date | Location | Action |
|---|---|---|
| 03/27/2026 | House | Introduced In House - Assigned to Agriculture, Water & Natural Resources + Finance |
| 04/13/2026 | House | House Committee on Agriculture, Water & Natural Resources Refer Unamended to Finance |
| 04/20/2026 | House | House Committee on Finance Refer Unamended to House Committee of the Whole |
| 04/23/2026 | House | House Second Reading Laid Over Daily - No Amendments |
| 04/27/2026 | House | House Second Reading Special Order - Passed - No Amendments |
| 04/28/2026 | House | House Third Reading Passed - No Amendments |
| 04/30/2026 | Senate | Introduced In Senate - Assigned to Finance |
| 05/05/2026 | Senate | Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 05/06/2026 | Senate | Senate Second Reading Special Order - Passed - No Amendments |
| 05/07/2026 | Senate | Senate Third Reading Passed - No Amendments |
| 06/03/2026 | House | Signed by the Speaker of the House |
| 06/03/2026 | Senate | Signed by the President of the Senate |
| 06/03/2026 | Governor | Sent to the Governor |
| 06/04/2026 | Governor | Governor Signed |
Recorded votes
- 05/05/2026 — Senate Finance: “Refer House Bill 26-1341 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.” — the motion passed on a vote of 9–0.
- 04/20/2026 — House Finance: “Refer House Bill 26-1341 to the Committee of the Whole.” — the motion passed on a vote of 10–0.
- 04/13/2026 — House Agriculture, Water & Natural Resources: “Refer House Bill 26-1341 to the Committee on Finance.” — the motion passed on a vote of 13–0.
Full text
- Signed Act version (official PDF), 06/04/2026
- Rerevised version (official PDF), 05/07/2026
- Revised version (official PDF), 05/06/2026
- Reengrossed version (official PDF), 04/28/2026
- Engrossed version (official PDF), 04/27/2026
- Introduced version (official PDF), 03/27/2026
Full text — side-by-side reader
Showing the latest official version: Signed Act version (official PDF), 06/04/2026
Official text — shown in English exactly as published by the official source. The official text controls.
HOUSE BILL 26-1341
BY REPRESENTATIVE(S) Johnson, Winter T., Barron, Boesenecker, Duran, Flanell, McCluskie; also SENATOR(S) Pelton R., Catlin, Kipp, Simpson, Coleman.
CONCERNING A MODIFICATION TO THE SERVICE PERIOD DURING WHICH THE COLORADO
AGRICULTURAL
DEVELOPMENT
AUTHORITY
MAY
ALLOCATE ITS PORTION OF THE PRIVATE ACTIVITY BOND STA TE CEILING ALLOCATION.
Be it enacted by the General Assembly of the State of Colorado: SECTION 1. In Colorado Revised Statutes, 24-32-1705, amend (3) introductory portion, (3)(a), (3)(c), and (4) as follows:
24-32-1705. Allocations to state issuing authorities. (3) Any allocation of the state ceiling made or assigned TO THE COLORADO AGRICULTURAL DEVELOPMENT AUTHORITY pursuant to this section shalt IS automatically be relinquished to the statewide balance ON NOVEMBER 15 OF EACH YEAR AND ANY ALLOCATION OF THE STATE CEILING MADEORASSIGNEDTOANYOTHERSTATEISSUINGAUTHORITYPURSUANTTO THIS SECTION IS AUTOMATICALLY RELINQUISHED TO THE STATEWIDE
Capital letters or bold & italic numbers indicate new material added to existing law; dashes through words or numbers indicate deletions from existing law and such material is not part of the act.
BALANCE on September 15 of each year, except to the extent that: (a) Bonds ate issued by The COLORADO AGRICULTURAL DEVELOPMENT AUTHORITY OR ITS ASSIGNEE ISSUES BONDS PRIOR TO NOVEMBER 15 OF EACH YEAR OR ANY OTHER state issuing authority or its assigns ASSIGNEE ISSUES BONDS prior to September 15 of each year; or (C) The COLORADO AGRICULTURAL DEVELOPMENT AUTHORITY OR ITS ASSIGNEE, PRIOR TO NOVEMBER 15 OF EACH YEAR, AND ANY OTHER state issuing authority or its assignee, PRIOR TO SEPTEMBER 15 OF EACH YEAR, notifies the department, by written notice which THAT contains the information and attachments set forth in section 24-32-1709, ptiot to Septembet 15 of each yeat, that the allocation has been made by the state issuing authority or its assignee to a project which THAT has a carryforward purpose as such THE project is described in the inducement resolution attached and that the state issuing authority or its assignee desires to treat all or a portion of its initial allocation as an allocation to such THE project for such carryforward purpose. (4) If the amount of an allocation of the state ceiling made to a state issuing authority pursuant to this section is in excess of the amount of bonds that the state issuing authority or its assignee issued or used for a carryforward purpose or the amount of qualified mortgage bonds that the state issuing authority or its assignee elected not to issue pursuant to a mortgage credit certificate election, the STATE ISSUING AUTHORITY SHALL RELINQUISH THE excess shall be tclinquished to the statewide balance. THE COLORADO AGRICULTURAL DEVELOPMENT AUTHORITY SHALL RELINQUISH THE EXCESS TO THE STATEWIDE BALANCE ON NOVEMBER 15 OF EACH YEAR AND ANY OTHER STATE ISSUING AUTHORITY SHALL RELINQUISH THE EXCESS TO THE STATEWIDE BALANCE on September 15 OF each year. Any state issuing authority may voluntarily relinquish all or any part of its allocation to the statewide balance at any time by so notifying the department in writing.
SECTION 2. Act subject to petition - effective date. This act takes effect at 12:01 a.m. on the day following the expiration of the ninety-day period after final adjournment of the general assembly (August 12, 2026, if adjournment sine die is on May 13, 2026); except that, if a referendum petition is filed pursuant to section 1 (3) of article V of the state constitution against this act or an item, section, or part of this act within
such period, then the act, item, section, or part will not take effect unless approved by the people at the general election to be held in November 2026 and, in such case, will take effect on the date of the official declaration of the vote thereon by the governor.
Julie McCluskie SPEAKER OF THE HOUSE OF REPRESENTATIVES
James Rashad Coleman, Sr. PRESIDENT OF THE SENATE
Vanessa Reilly CHIEF CLERK OF THE HOUSE OF REPRESENTATIVES
Esther van Mourik SECRETARY OF THE SENATE
APPROVED on Thursday June 4th 2026 at 12:30pm (Date and Time)
Jared S. Polis GOVERNOR OF THE STATE OF COLORADO
Official record
View HB26-1341 on leg.colorado.gov
Source: Colorado General Assembly (leg.colorado.gov) · Data as of
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