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CO SB081
Bill
AI Summary
- Creates the Building Urgent Infrastructure and Leveraging Dollars (BUILD) Authority as a political subdivision of Colorado to finance infrastructure projects including transportation, water, renewable energy, broadband, affordable housing, and education facilities
- Establishes a 13-member board of directors chaired by the State Treasurer, with appointments made by the Governor, State Treasurer, and Senate President, including representatives from counties, municipalities, construction contractors, and labor organizations
- Authorizes the Authority to issue tax-exempt bonds payable solely from the BUILD Bonding Fund, not backed by state credit or taxing power, with maturities up to 30 years
- Requires projects to comply with federal Davis-Bacon Act and state prevailing wage requirements, and gives preference to projects with project labor agreements, apprenticeship programs, and pension fund matching investments
- Authorizes the State Treasurer to use security token offerings for state capital financing and removes the previous cap on fees deposited to the state public financing cash fund
Legislative Description
Treasurer's Office
State Government
Last Action
Governor Signed
5/31/2025
Committee Referrals
Committee of the Whole4/21/2025
Finance3/12/2025
Appropriations2/18/2025
Finance1/23/2025
Full Bill Text
No bill text available