HB 1341 CO

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Became Law

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.)

• D. Johnson Republican · sponsor
• R. Pelton Republican · sponsor
• T. Winter Republican · sponsor

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