Summary — SB 25-167: "Invest State Funds to Benefit Communities"
Status: Governor Signed (2025-06-04)
Introduced: 2025-02-18 (Senate)
Classification: Bill
Overview / Purpose
SB 25-167, titled "Invest State Funds to Benefit Communities," is legislation enacted in 2025 that (by its title and legislative posture) directs how certain state-held funds should be invested or deployed with the explicit goal of producing measurable benefits for communities. The bill was considered and passed by both chambers and signed by the Governor.
The full bill text is not included in the materials provided. The summary below explains what is known from legislative metadata (title, sponsors, actions) and outlines the likely scope and impacts based on the bill’s stated intent. For exact statutory language, readers should consult the enrolled bill.
Legislative history & status (key dates)
- Introduced in Senate and assigned to Finance: 2025-02-18
- Committee and floor activity in Senate and House (March–May 2025)
- Sent to Governor: 2025-05-12 (after concurrence and signatures by legislative leaders)
- Governor signed: 2025-06-04
Sponsors
Primary sponsors listed include Shannon Bird, Judy Amabile, Meghan Lukens, and Lisa Frizell; numerous cosponsors from both chambers indicate broad legislative support.
Likely key provisions (based on title and typical components)
Because the bill text is not provided here, these describe common elements associated with legislation that directs public investing for community benefits. Confirm with the enrolled bill for precise provisions.
- Investment priorities: establishes one or more categories of community-focused investments (for example: affordable housing, community development financial institutions (CDFIs), small business lending, rural infrastructure, or climate-resilient projects).
- Allocation/targets: may set targets or goals (percentage or dollar thresholds) for the portion of certain state funds to be directed to community-benefit investments.
- Fiduciary guidance: clarifies how fiduciary duties of public fund managers (e.g., state treasurer, public pension boards) align with community-investment objectives.
- Program administration: designates an agency or officer responsible for implementing or overseeing community investment activities and any application, certification, or contracting processes.
- Reporting and transparency: requires periodic reporting on investments, outcomes, and measures of community benefit (jobs created, units of affordable housing, loans to underserved communities, etc.).
- Safeguards: provisions to protect financial prudence, e.g., risk assessments, study or pilot program authorizations, or sunset/review clauses.
Who is affected
- State investment managers (e.g., state treasurer’s office, state-administered funds) — potential changes to investment policies or new program responsibilities.
- Community organizations, CDFIs, affordable housing developers, small businesses and local governments that could receive investment or financing.
- Beneficiaries in underserved or economically distressed communities if funds are targeted there.
- Potential indirect effects on beneficiaries of state-funded programs and state financial statements depending on scale.
Potential impacts and considerations
- Could increase capital flowing to underserved communities and community development projects.
- May require administrative capacity to implement, monitor, and report on community outcomes.
- Fiscal effects depend on whether the bill creates new appropriations, loan-loss reserves, or modifies fund management; those details require the bill text or fiscal note.
Where to find the full text and fiscal note
To understand specific duties, legal language, dollar amounts, or timelines enacted by SB 25-167, consult the official enrolled bill text and the legislative fiscal note on the state legislature’s website or the Secretary of State’s legislative records.
