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HB 1388

Repeal Bond Assistance Program Fund Transfer

2026 Regular Session

HB 1388 eliminates automatic state fund transfers for bond assistance, requiring future bond funding through standard legislative appropriations instead of automatic mechanisms.

Governor Signed
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Bill Summary · HB 1388

Legislative bill overview

HB 1388 repeals the Bond Assistance Program Fund Transfer, which previously allowed for automatic transfers of state funds to support bonded debt obligations. This bill eliminates the mechanism that facilitated these transfers, requiring any future bond assistance to go through standard appropriations processes instead of automatic fund movements.

Why is this important

This change affects how Colorado finances its bonded obligations and debt service. By eliminating automatic transfers, the bill increases legislative scrutiny and control over bond-related spending, but may also create uncertainty about funding mechanisms for existing or future bond programs if no alternative funding is established.

Potential points of contention

  • Debt service clarity: Unclear whether existing bonded obligations have alternative funding secured, potentially creating payment concerns
  • Legislative flexibility vs. predictability: Removes automatic funding mechanism, giving legislators more control but potentially creating year-to-year uncertainty for bond programs
  • Fiscal impact on programs: Any programs relying on this fund transfer mechanism will need explicit appropriations, competing with other budget priorities

Compiled from official sources — confirm details with the bill’s official record.

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