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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.

HB26-1388 2026 Regular Session Signed into Law Fiscal Policy & Taxes State Government

Cost estimates

At the first note read
−$171,487
FACT April 2, 2026
At the last note read
−$171,487
FACT July 14, 2026
What it actually cost
not published
No Colorado source reports spending for one bill

Every figure here is an estimate by Legislative Council Staff on the date shown, about the version of the bill in front of them that day. It is not a cost.

The appropriation

The note states no appropriation is required.

An appropriation is money the legislature sets aside. It is not money spent.

The appropriation field, read from the note: No appropriation is required. The Bond Assistance Program Cash Fund is continuously appropriated to the Department of Personnel and Administration.

Bill summary

     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.

FACT Bill summary by Colorado Legislative Council Staff, read 2026-09-23. Printed as published, word for word. Source: leg.colorado.gov (opens in a new tab)