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Second Regular Session
Seventy-fifth General Assembly
STATE OF COLORADO
REENGROSSED
This Version Includes All Amendments
Adopted in the House of Introduction
LLS NO. 26-0957.01 Jed Franklin x5484 HOUSE BILL 26-1361
House Committees Senate Committees
Appropriations
A BILL FOR AN ACT
CONCERNING THE REPEAL OF THE PAY FOR SUCCESS CONTRACTS101
PROGRAM.102
Bill Summary
(Note: This summary applies to this bill as introduced and does
not reflect any amendments that may be subsequently adopted. If this bill
passes third reading in the house of introduction, a bill summary that
applies to the reengrossed version of this bill will be available at
http://leg.colorado.gov/.)
Joint Budget Committee. Currently, the office of economic
development (office) administers a pay for success contracts program
(program) by entering into agreements with lead contractors for the
provision of program-eligible interventions.
Currently, the office uses money in the pay for success contracts
fund (fund) and the office of state planning and budgeting youth pay for
HOUSE
3rd Reading Unamended
April 11, 2026
HOUSE
2nd Reading Unamended
April 9, 2026
HOUSE SPONSORSHIP
Brown and Taggart, Sirota,
SENATE SPONSORSHIP
Bridges and Kirkmeyer, Amabile
Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
Capital letters or bold & italic numbers indicate new material to be added to existing law.
Dashes through the words or numbers indicate deletions from existing law.
success initiatives account within the fund (account) to make payments
to a lead contractor for managing the program and for any administrative
expenses incurred with respect to an agreement related to the program.
The office also uses money in the account for specified projects. The bill
requires the state treasurer to transfer all of the money in the fund and the
account to the general fund on June 30, 2026, and repeals the program,
the fund, and the account on July 1, 2026.
Be it enacted by the General Assembly of the State of Colorado:1
SECTION 1. In Colorado Revised Statutes, 24-37-403, amend2
(6)(b); and add (9) as follows:3
24-37-403. Establishmen t of state pay for success contracts4
program - pay for success contracts fund - creation - repeal.5
(6) (b) (I) Interest and income earned on the deposit and6
investment of money in the fund is credited to the fund; except that7
interest and income earned on the deposit and investment of money in the8
account is credited to the account. Subject to annual appropriation by the9
general assembly, the office shall expend money in the fund and in the10
account to make payments to the lead contractor as required by a contract11
and to pay any administrative expenses incurred in connection with a12
contract. The office shall expend money in the account solely for the13
programs listed in section 24-37-404, but the department of human14
services may expend any money appropriated to it from the account for15
personal services and operating expenses related to the administration of16
any contract.17
(II) ON JUNE 30, 2026, THE STATE TREASURER SHALL TRANSFER18
THE BALANCE OF MONEY IN THE ACCOUNT AND THE MONEY IN THE FUND19
TO THE GENERAL FUND.20
(9) THIS SECTION IS REPEALED, EFFECTIVE JULY 1, 2026.21
SECTION 2. Safety clause. The general assembly finds,22
1361-2-
determines, and declares that this act is necessary for the immediate1
preservation of the public peace, health, or safety or for appropriations for2
the support and maintenance of the departments of the state and state3
institutions.4
1361-3-