HB 23-1023

House Bill 23-1023 changes the rules for public bidding on construction projects by special districts in Colorado. Currently, these districts must announce bids publicly if a project costs $60,000 or more. The bill raises this threshold to $120,000 and adjusts it every five years to account for inflation. This means fewer construction contracts will require public bidding starting August 7, 2023, when the bill becomes law.

Official Summary

Public notice for bids on special district construction contracts is currently required when the contract cost is $60,000 or more. The act increases the notice threshold to $120,000 or more and requires the amount to be adjusted for inflation every 5 years. APPROVED by Governor March 17, 2023 EFFECTIVE August 7, 2023 NOTE: This act was passed without a safety clause and takes effect 90 days after sine die. (Note: This summary applies to this bill as enacted.)

Votes