Colorado HB1388 repeals the Bond Assistance Program and transfers its remaining funds to the general fund.
Colorado HB1388 repeals the Bond Assistance Program, which helps historically underutilized businesses offset the costs of obtaining a surety bond for state procurement opportunities. The bill mandates the transfer of the program's remaining funds to the general fund by June 30, 2026, and repeals the program effective December 1, 2027. The program was administered by the Department of Personnel and funded through the Bond Assistance Program Cash Fund.
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