HB 1341 Colorado House · 2026 Regular Session

Colorado Agricultural Development Authority Bond Allocation Service Period

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.)

Bill status signed all 5 stages cleared

Introduction

Mar 2026

Committee Review

May 2026

House Passage

Jun 2026

Senate Passage

Jun 2026

Signed into Law

Jun 2026

Introduced Mar 27, 2026 Signed Jun 4, 2026

Maddy AI version diff · 5 comparisons

What changed between versions

Rerevised → Signed Act · 3 edits · Jun 4, 2026

MINOR

This bill modifies the deadline for the Colorado Agricultural Development Authority to return unused bond allocation funds back to the state pool. Previously, the authority had to return these funds by September 15, but the bill extends this deadline to November 15. This change provides the authority with an additional two months to utilize the funds for eligible projects before they must be returned to the statewide balance.

Scope change

The change applies specifically to the Colorado Agricultural Development Authority and its assigned bond allocations, while leaving the deadlines for all other state issuing authorities unchanged.

TIMELINE

The deadline for the Colorado Agricultural Development Authority to relinquish unused bond allocations was changed from September 15 to November 15 of each year.

REQUIREMENT

The statutory language defining the automatic relinquishment of funds was updated to reflect the new November 15 deadline for the Colorado Agricultural Development Authority.

TECHNICAL

The bill was reorganized and formatted to reflect its progression from a revised draft to a signed act, including updated sponsorship lists and official signatures.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jun 4, 2026

Signed into law

Governor Signed

executive

Jun 3, 2026

Upper · Passed

Signed by the President of the Senate

upper

Jun 3, 2026

Lower · Passed

Signed by the Speaker of the House

lower

May 7, 2026

Upper · Passed

Senate Third Reading Passed - No Amendments

upper

May 5, 2026

Upper · Passed

Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole

upper

Apr 30, 2026

Introduced

Introduced In Senate - Assigned to Finance

upper

Apr 28, 2026

Lower · Passed

House Third Reading Passed - No Amendments

lower

Apr 20, 2026

Lower · Passed

House Committee on Finance Refer Unamended to House Committee of the Whole

lower

Apr 13, 2026

Committee

House Committee on Agriculture, Water & Natural Resources Refer Unamended to Finance

lower

Mar 27, 2026

Introduced

Introduced In House - Assigned to Agriculture, Water & Natural Resources + Finance

lower

3 primary · 9 co-sponsors