HB26-1361 • 2026

Pay for Success Program Repeal

The act repeals the pay for success contracts program administered by the office of economic development and eliminates the pay for success contracts fund (fund) and the pay for success contracts acco

Budget

Enacted

This bill passed the Legislature and reached final enactment based on the latest official action.

Sponsor: Rep. K. Brown, Rep. R. Taggart, Sen. J. Bridges, Sen. B. Kirkmeyer, Rep. E. Sirota, Sen. J. Amabile
Last action: 2026-06-01
Official status: Governor Signed
Effective date: Not listed

Plain English Breakdown

The official summary confirms the repeal of the program administered by the Office of Economic Development but does not explicitly detail how existing contracts are handled, leaving that as an unknown.

Repeal of the Pay for Success Contracts Program

This law ends a state program that used special contracts to fund projects and moves all remaining money from those programs into the main state budget.

What This Bill Does

Removes the pay for success contracts program run by the Office of Economic Development.
Eliminates the specific bank accounts created to hold money for this program.
Requires the State Treasurer to move all remaining funds from these accounts on June 30, 2026.
Sends the transferred money into the state's general fund.

Who It Names or Affects

The Office of Economic Development
Contractors who worked under pay for success agreements

Terms To Know

Pay for Success Contracts Program: A state program that used special contracts to fund projects based on results.
General Fund: The main account where the state keeps most of its money for daily operations and services.

Limits and Unknowns

The law does not say how much money is currently in these accounts.
The text does not explain what happens to contracts that were already signed before this date.

Bill History

2026-06-01 Governor
Governor Signed
2026-05-26 Governor
Sent to the Governor
2026-05-26 Senate
Signed by the President of the Senate
2026-05-26 House
Signed by the Speaker of the House
2026-04-16 Senate
Senate Third Reading Passed - No Amendments
2026-04-15 Senate
Senate Second Reading Special Order - Passed - No Amendments
2026-04-14 Senate
Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
2026-04-13 Senate
Introduced In Senate - Assigned to Appropriations
2026-04-11 House
House Third Reading Passed - No Amendments
2026-04-10 House
House Third Reading Laid Over Daily - No Amendments
2026-04-09 House
House Second Reading Special Order - Passed - No Amendments
2026-04-08 House
House Second Reading Special Order - Laid Over Daily - No Amendments
2026-04-07 House
House Committee on Appropriations Refer Unamended to House Committee of the Whole
2026-04-02 House
Introduced In House - Assigned to Appropriations

Official Summary Text

The act repeals the pay for success contracts program administered by the office of economic development and eliminates the pay for success contracts fund (fund) and the pay for success contracts account (account). The state treasurer must transfer all of the money in the fund and the account to the general fund on June 30, 2026.
(Note: This summary applies to this bill as enacted.)

Current Bill Text

Read the full stored bill text

HOUSE BILL 26-1361
BY REPRESENTATIVE(S) Brown and Taggart, Sirota;
also SENATOR(S) Bridges and Kirkmeyer, Amabile.
CONCERNING THE REPEAL OF THE PAY FOR SUCCESS CONTRACTS PROGRAM.
Be it enacted by the General Assembly of the State of Colorado:
SECTION 1. In Colorado Revised Statutes, 24-37-403, amend
(6)(b); and add (9) as follows:
24-37-403. Establishment of state pay for success contracts
program -pay for success contracts fund -creation - repeal.
( 6) (b) (I) Interest and income earned on the deposit and investment
of money in the fund is credited to the fund; except that interest and income
earned on the deposit and investment of money in the account is credited to
the account. Subject to annual appropriation by the general assembly, the
office shall expend money in the fund and in the account to make payments
to the lead contractor as required by a contract and to pay any administrative
expenses incurred in connection with a contract. The office shall expend
money in the account solely for the programs listed in section 24-37-404,
but the department of human services may expend any money appropriated
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.
to it from the account for personal services and operating expenses related
to the administration of any contract.
(II) ONJUNE30,2026, THE STATE TREASURER SHALL TRANSFER THE
BALANCE OF MONEY IN THE ACCOUNT AND THE MONEY IN THE FUND TO THE
GENERAL FUND.
(9) THIS SECTION IS REPEALED, EFFECTIVE JULY 1, 2026.
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
PAGE 2-HOUSE BILL 26-1361
the support and maintenance of the departments of the state and state
institutions.
J~
SPEAKER OF THE HOUSE
OF REPRESENTATIVES
v~~
Vanessa Reilly
CHIEF CLERK OF THE HOUSE
OF REPRESENTATIVES
es Rashad Coleman, Sr.
PRESIDENT OF
THE SENATE
Esther van Mourik
SECRETARY OF
THE SENATE
APPROVED OV\ monJ "j ~\K\.(_, lr-+ z ... z_b ~ Ir OO~rv'
(Date and Time)
OLORADO
PAGE 3-HOUSE BILL 26-1361