HB26-1388 Repeals Bond Assistance Program for Small Businesses in State Procurement
Summary
Colorado HB26-1388 proposes to repeal the bond assistance program administered by the Department of Personnel, which helps historically underutilized small businesses offset surety bond costs for state procurement opportunities. The bill would transfer the bond assistance program cash fund balance to the general fund on June 30, 2026, and fully repeal the program effective December 1, 2027. The bill is currently introduced and under consideration in the Colorado General Assembly.
What changed
HB26-1388 would repeal the bond assistance program within the state procurement equity program administered by the Department of Personnel. The program currently helps historically underutilized small businesses offset the costs of obtaining surety bonds required for state procurement solicitations. The bill proposes transferring any remaining cash fund balance to the general fund by June 30, 2026, with full program repeal effective December 1, 2027.
Affected parties include historically underutilized small businesses that depend on the bond assistance program to compete for state contracts requiring surety bonds. Government contractors and vendors seeking state procurement opportunities may need to explore alternative bonding assistance programs or bear full surety bond costs independently. The Department of Personnel will need to wind down program operations if the bill passes.
What to do next
- Monitor legislative progress on HB26-1388
- Small businesses relying on bond assistance program should prepare for potential loss of surety bond support for state procurement opportunities
Archived snapshot
Apr 13, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
HB26-1388
Repeal Bond Assistance Program Fund Transfer
| Type | Bill |
|---|---|
| Session | 2026 Regular Session |
| Subjects | Fiscal Policy & Taxes State Government |
Concerning the repeal of the bond assistance program administered by the department of personnel, and, in connection therewith, transferring the balance of the bond assistance program cash fund to the general fund.
Recent Bill (PDF) Recent Fiscal Note (PDF) Bill Summary:
Joint Budget Committee. Under existing law, the department of personnel administers the 'state procurement equity program', which includes a bond assistance program to help historically underutilized businesses that are small businesses offset the costs of obtaining a surety bond that is required for a solicitation for a state procurement opportunity. The bond assistance program is funded through the bond assistance program cash fund.
The bill transfers the balance of the bond assistance program cash fund to the general fund on June 30, 2026, and repeals the bond assistance program, effective December 1, 2027.
(Note: This summary applies to this bill as introduced.)
Prime Sponsors
Emily Sirota
Representative
Rick Taggart
Senator
Judy Amabile
Senator
Jeff Bridges
Committees
House
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Status
Under Consideration
Introduced
Under Consideration
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 04/11/2026 | Reengrossed | |
| 04/09/2026 | Engrossed | |
| 04/02/2026 | Introduced |
| Date | Version | Documents |
|---|---|---|
| 04/02/2026 | Initial Fiscal Note |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 26-1388 to the Committee of the Whole. | The motion passed on a vote of 11-0. | Vote summary |
| Hearing Summary | Committee Report: PDF | |
| Date | Calendar | Motion |
| --- | --- | --- |
| 04/11/2026 | Third Reading | BILL |
| Date | Location | Action |
|---|---|---|
| 04/11/2026 | House | House Third Reading Passed - No Amendments |
| 04/10/2026 | House | House Third Reading Laid Over Daily - No Amendments |
| 04/09/2026 | House | House Second Reading Special Order - Passed - No Amendments |
| 04/08/2026 | House | House Second Reading Special Order - Laid Over Daily - No Amendments |
| 04/06/2026 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 04/02/2026 | House | Introduced In House - Assigned to Appropriations |
Prime Sponsor
Rep. E. Sirota | Rep. R. Taggart
Sen. J. Amabile | Sen. J. Bridges
Sponsor
Co-Sponsor
(None)
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