HB26-1388 • 2026

Repeal Bond Assistance Program Fund Transfer

Joint Budget Committee. Under existing law, the department of personnel administers the 'state procurement equity program', which includes a bond assistance program to help historically underutilized

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Rep. E. Sirota, Rep. R. Taggart, Sen. J. Amabile, Sen. J. Bridges, Rep. K. Brown, Sen. B. Kirkmeyer
Last action: 2026-04-14
Official status: Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
Effective date: Not listed

Plain English Breakdown

The official source material does not provide information on what happens with the funds after they are transferred or how small businesses will be affected once the program ends.

Repeal Bond Assistance Program

This bill transfers funds from the bond assistance program cash fund to the general fund on June 30, 2026, and ends the bond assistance program starting December 1, 2027.

What This Bill Does

Transfers the balance of the bond assistance program cash fund to the general fund on June 30, 2026.
Repeals the bond assistance program effective December 1, 2027.

Who It Names or Affects

Historically underutilized small businesses that use the bond assistance program
The department of personnel which administers the state procurement equity program

Terms To Know

Bond Assistance Program: A fund to help certain small businesses pay for surety bonds needed for state contracts.
Historically Underutilized Businesses (HUBs): Small businesses that have been given special status due to past lack of opportunities in government contracting.

Limits and Unknowns

The bill does not specify what will happen with the funds after they are transferred.
It is unclear how small businesses currently using the bond assistance program will be affected once it ends.

Bill History

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
2026-04-06 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

Joint Budget Committee.
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 bill transfers the balance of the bond assistance program cash fund to the general fund on June 30, 2026, and repeals the bond assistance program, effective December 1, 2027.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Current Bill Text

Read the full stored bill text

Second Regular Session
Seventy-fifth General Assembly
STATE OF COLORADO
REENGROSSED
This Version Includes All Amendments
Adopted in the House of Introduction
LLS NO. 26-0892.02 Sam Anderson x4218 HOUSE BILL 26-1388
House Committees Senate Committees
Appropriations
A BILL FOR AN ACT
CONCERNING THE REPEAL OF THE BOND ASSISTANCE PROGRAM101
ADMINISTERED BY THE DEPARTMENT OF PERSONNEL , AND, IN102
CONNECTION THEREWITH, TRANSFERRING THE BALANCE OF THE103
BOND ASSISTANCE PROGRAM CASH FUND TO THE GENERAL FUND.104
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 w ill be av ailable at
http://leg.colorado.gov.)
Joint Budget Committee. Under existing law, the department of
personnel administers the "state procurement equity program", which
includes a bond assistance program to help historically underutilized
HOUSE
3rd Reading Unamended
April 11, 2026
HOUSE
2nd Reading Unamended
April 9, 2026
HOUSE SPONSORSHIP
Sirota and Taggart, Brown,
SENATE SPONSORSHIP
Amabile and Bridges, Kirkmeyer
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.
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 th rough the bond assistance
program cash fund.
The bill transfers the balance of the bond assistance program cash
fund to the general fund on June 30, 2026, and repeals the bond assistance
program, effective December 1, 2027.
Be it enacted by the General Assembly of the State of Colorado:1
SECTION 1. In Colorado Revised Statutes, 24-103-1104, amend2
(2)(b)(III); and add (2)(b)(IV) and (2)(b)(V) as follows:3
24-103-1104. State procurement equity program - established4
- goal - preliminary implementation maximization of contracting5
opportunities - expansion of historically underutilized business6
registry - real-time solicitation assistance help desk - bond assistance7
program - cash fund - report - repeal.8
(2) As implementation of the program, the department shall:9
(b) (III) (A) On July 1, 2022, the state treasurer shall transfer two10
million dollars from the general fund to the bond assistance program cash11
fund.12
(B) ON JUNE 30, 2026, THE STATE TREASURER SHALL TRANSFER13
THE UNEXPENDED AND UNENCUMBERED BALANCE OF THE BOND14
ASSISTANCE PROGRAM CASH FUND TO THE GENERAL FUND.15
(IV) T HE DEPARTMENT MUST USE ANY ENCUMBERED BALANCE16
THAT REMAINS IN THE BOND ASSISTANCE CASH FUND AFTER THE TRANSFER17
UNDER SUBSECTION (2)(b)(III)(B) OF THIS SECTION ONLY TO FULFILL THE18
OBLIGATIONS ENCUMBERING THE BALANCE OF THE FUND.19
(V) THIS SUBSECTION (2)(b) IS REPEALED, EFFECTIVE DECEMBER20
1, 2027.21
SECTION 2. Safety clause. The general assembly finds,22
1388-2-
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
1388-3-