Colorado HB 1341 — Colorado Agricultural Development Authority Bond Allocation Service Period

Colorado, 2026A. HB 1341: Colorado Agricultural Development Authority Bond Allocation Service Period

Plural source record ↗

Official legislative source ↗

Latest action

June 4, 2026 — Governor Signed

Summary

The state private activity bond program funds privately developed projects by allowing the state and its political subdivisions to issue tax-exempt private activity bonds. The federal internal revenue code limits the total amount of tax-exempt private activity bonds that a state and its political subdivisions may issue each year by imposing a private activity bond ceiling (state ceiling). Existing law specifies a formula to allocate the ability to issue tax-exempt private activity bonds up to the state ceiling and initially allocates 50% of these bonds among several state issuing authorities through direct allocations as determined by the department of local affairs (department). On September 15 each year, with a few exceptions, each state issuing authority is required to relinquish unused portions of its direct allocation which is then further allocated pursuant to law. The Colorado agricultural development authority is one of the state issuing authorities to which the department may allocate a portion of the state ceiling. The act changes the date on which the Colorado agricultural development authority is required to relinquish the unused portion of its direct allocation from September 15 to November 15 each year.(Note: This summary applies to this bill as enacted.)

Sponsors

• D. Johnson — primary sponsor
• R. Pelton — primary sponsor
• T. Winter — primary sponsor
• C. Barron
• A. Boesenecker
• M. Duran
• A. Flanell
• J. McCluskie
• M. Catlin
• J. Coleman
• C. Kipp
• C. Simpson

Bill text

Signed Act Read version ↗

Rerevised Read version ↗

Revised Read version ↗

Reengrossed Read version ↗

Engrossed Read version ↗

Introduced Read version ↗

Recorded votes

Legislative history

1. March 27, 2026Introduced In House - Assigned to Agriculture, Water & Natural Resources + Finance
2. April 13, 2026House Committee on Agriculture, Water & Natural Resources Refer Unamended to Finance
3. April 20, 2026House Committee on Finance Refer Unamended to House Committee of the Whole
4. April 23, 2026House Second Reading Laid Over Daily - No Amendments
5. April 27, 2026House Second Reading Special Order - Passed - No Amendments
6. April 28, 2026House Third Reading Passed - No Amendments
7. April 30, 2026Introduced In Senate - Assigned to Finance
8. May 5, 2026Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole
9. May 6, 2026Senate Second Reading Special Order - Passed - No Amendments
10. May 7, 2026Senate Third Reading Passed - No Amendments
11. June 3, 2026Signed by the Speaker of the House
12. June 3, 2026Signed by the President of the Senate
13. June 3, 2026Sent to the Governor
14. June 4, 2026Governor Signed

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