HB 26-1361
signedPay for Success Program Repeal
Plain-English Summary
AI-generatedHouse Bill 26-1361, also known as the Pay for Success Program Repeal, aims to end a specific program that uses state funds to support social interventions through contracts with lead organizations. The bill requires all remaining money in the associated fund and account to be transferred to the general fund by June 30, 2026, after which the program, along with its funding sources, will cease to exist on July 1, 2026. This affects how Colorado allocates funds for social programs and impacts organizations currently receiving support through these contracts. Since the bill has been signed into law, it is now official policy and the program will be phased out as scheduled.
Official Summary
The act repeals the pay for success contracts program administered by the office of economic development and eliminates the pay for success contracts fund (fund) and the pay for success contracts account (account). The state treasurer must transfer all of the money in the fund and the account to the general fund on June 30, 2026.(Note: This summary applies to this bill as enacted.)
Details
- Chamber
- House
- First action
- 2026-06-01
- Latest action
- 2026-04-02
- Last action desc.
- Introduced In House - Assigned to Appropriations
- OpenStates
- View source ↗
Sponsors
- Kyle Brown (sponsor) · Democratic
- Rick Taggart (sponsor) · Republican
- Jeff Bridges (sponsor) · Democratic
- Barbara Kirkmeyer (sponsor) · Republican
- Emily Sirota (sponsor) · Democratic
- Judy Amabile (sponsor) · Democratic
Topics
Related Legislation
This bill affects (5)
Affected by (0)
None found.