Repeal Bond Assistance Program Fund Transfer
Concerning the repeal of the bond assistance program administered by the department of personnel, and, in connection therewith, transferring the balance of the bond assistance program cash fund to the general fund.
Official status: Became Law
Prime sponsors
- Emily Sirota (House) — Prime Sponsor
- Rick Taggart (House) — Prime Sponsor
- Judy Amabile (Senate) — Prime Sponsor
- Jeff Bridges (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.
Under existing law, the department of personnel administers the 'state procurement equity program', which includes a bond assistance program to help historically underutilized businesses that are small businesses offset the costs of obtaining a surety bond that is required for a solicitation for a state procurement opportunity. The bond assistance program is funded through the bond assistance program cash fund. The act transfers the unexpended and unencumbered balance of the bond assistance program cash fund to the general fund on June 30, 2026. The department must use any encumbered balance that remains in the fund after the transfer only to fulfill the obligations encumbering the balance of the fund. The act repeals the bond assistance program, effective December 1, 2027. (Note: This summary applies to this bill as enacted.)
Status timeline
| Date | Location | Action |
|---|---|---|
| 04/02/2026 | House | Introduced In House - Assigned to Appropriations |
| 04/06/2026 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 04/08/2026 | House | House Second Reading Special Order - Laid Over Daily - No Amendments |
| 04/09/2026 | House | House Second Reading Special Order - Passed - No Amendments |
| 04/10/2026 | House | House Third Reading Laid Over Daily - No Amendments |
| 04/11/2026 | House | House Third Reading Passed - No Amendments |
| 04/13/2026 | Senate | Introduced In Senate - Assigned to Appropriations |
| 04/14/2026 | Senate | Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 04/15/2026 | Senate | Senate Second Reading Special Order - Passed - No Amendments |
| 04/16/2026 | Senate | Senate Third Reading Passed - No Amendments |
| 05/28/2026 | Governor | Sent to the Governor |
| 05/29/2026 | House | Signed by the Speaker of the House |
| 05/29/2026 | Senate | Signed by the President of the Senate |
| 06/01/2026 | Governor | Governor Signed |
Recorded votes
- 04/14/2026 — Senate Appropriations: “Refer House Bill 26-1388 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 7–0.
- 04/06/2026 — House Appropriations: “Refer House Bill 26-1388 to the Committee of the Whole.” — the motion passed on a vote of 11–0.
Full text
- Signed Act version (official PDF), 06/03/2026
- Final Act version (official PDF), 05/26/2026
- Rerevised version (official PDF), 04/16/2026
- Revised version (official PDF), 04/15/2026
- Reengrossed version (official PDF), 04/11/2026
- Engrossed version (official PDF), 04/09/2026
- Introduced version (official PDF), 04/02/2026
Full text — side-by-side reader
Showing the latest official version: Signed Act version (official PDF), 06/03/2026
Official text — shown in English exactly as published by the official source. The official text controls.
HOUSE BILL 26-1388
BY REPRESENTATIVE(S) Sirota and Taggart, Brown; also SENATOR(S) Amabile and Bridges, Kirkmeyer.
CONCERNING
THE
REPEAL
OF
THE
BOND
ASSISTANCE
PROGRAM
ADMINISTERED BY THE DEPARTMENT OF PERSONNEL, AND, IN CONNECTION THEREWITH, TRANSFERRING THE BALANCE OF THE BOND ASSISTANCE PROGRAM CASH FUND TO THE GENERAL FUND.
Be it enacted by the General Assembly of the State of Colorado: SECTION 1. In Colorado Revised Statutes, 24-103-1104, amend (2)(b )(III); and add (2)(b )(IV) and (2)(b )(V) as follows: 24-103-1104. State procurement equity program - established goal - preliminary implementation maximization of contracting opportunities - expansion of historically underutilized business registry - real-time solicitation assistance help desk - bond assistance program - cash fund - report - repeal. (2) As implementation of the program, the department shall: (b) (III) (A) On July 1, 2022, the state treasurer shall transfer two
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.
million dollars from the general fund to the bond assistance program cash fund. (B) ON JUNE30,2026, THE STATE TREASURER SHALL TRANSFER THE UNEXPENDED AND UNENCUMBERED BALANCE OF THE BOND ASSISTANCE PROGRAM CASH FUND TO THE GENERAL FUND. (IV) THE DEPARTMENT MUST USE ANY ENCUMBERED BALANCE THAT REMAINS IN THE BOND ASSISTANCE CASH FUND AFTER THE TRANSFER UNDER SUBSECTION (2)(b)(IIl)(B) OF THIS SECTION ONLY TO FULFILL THE OBLIGATIONS ENCUMBERING THE BALANCE OF THE FUND. (V) THIS SUBSECTION (2)(b) IS REPEALED, EFFECTIVE DECEMBER 1, 2027.
SECTION 2. Safety clause. The general assembly finds, determines, and declares that this act is necessary for the immediate
preservation of the public peace, health, or safety or for appropriations for the support and maintenance of the departments of the state and state institutions.
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 Monday June 1st 2026 at 11:00am (Date and Time)
Jared S. Polis GOVERNOR OF THE STATE OF COLORADO
Official record
View HB26-1388 on leg.colorado.gov
Source: Colorado General Assembly (leg.colorado.gov) · Data as of
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