ColoradoHB26-10032026 Regular SessionHouse

Small Business Recovery Modifications

Sponsored By: Chris Kolker (Democratic), Janice Marchman (Democratic), Naquetta Ricks (Democratic), Sean Camacho (Democratic)

Signed by Governor

Business & Economic Development

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Bill Overview

Analyzed Economic Effects

4 provisions identified: 2 benefits, 0 costs, 2 mixed.

Lower funding match for small-business loans

Colorado’s recovery loan program supports small-business recovery and resiliency through loan shares, private lending through the Colorado Credit Reserve, and related activities. Direct program loans are allowed only when federal or state bank regulators prohibit banks from originating program loans. Matched funding pays for loans or loan shares, including working capital and equipment, under oversight board decisions. The board sets loan terms and must consult lending leaders and small-business representatives. Outside sources must commit $1 per $1 of state funding, down from $4; Colorado Credit Reserve contributions are exempt. The program manager must return state money if the required match is not secured within the contract period.

Statewide loans retain rural business targets

The law removes initial county allocations and county funding reservations from the recovery loan program. Instead, the program must fund businesses across Colorado over its life. It must maintain targets and support for rural businesses and businesses owned by women, minorities, or veterans. The program must also track how money is distributed by county.

Broader hardship relief for business borrowers

The oversight board may pause principal and interest payments on recovery program loans for up to one year. Borrowers must face hardship, but it no longer needs to be tied to COVID-19 or ongoing economic conditions. Approval remains the board’s decision. Unpaid interest is added to the loan balance, which can increase later interest costs.

Startup loans gain shifted recovery funding

On June 30, 2026, the State Treasurer must transfer $5 million to the Colorado Startup Loan Program Fund. The money comes from the Small Business Recovery and Resiliency Fund, reducing that fund by the same amount. This is a one-time transfer, not a promised loan amount for any business. The transfer provision is repealed on July 1, 2027.

Sponsors & Cosponsors

Cosponsors

Andrew Boesenecker
Democratic • House
Alex Valdez
Democratic • House
Brianna Titone
Democratic • House
Chad Clifford
Democratic • House
Jennifer Bacon
Democratic • House
Julie McCluskie
Democratic • House
Karen McCormick
Democratic • House
Kenny Nguyen
Democratic • House
Katie Stewart
Democratic • House
Lori Goldstein
Democratic • House
Michael Carter
Democratic • House
Monica Duran
Democratic • House
Meg Froelich
Democratic • House
Mandy Lindsay
Democratic • House
Matthew Martinez
Democratic • House
Manny Rutinel
Democratic • House
Regina English
Democratic • House
Sheila Lieder
Democratic • House
Steven Woodrow
Democratic • House
Tisha Mauro
Democratic • House
Sen. A. Benavidez
Affiliation unavailable
Cathy Kipp
Democratic • Senate
Judy Amabile
Democratic • Senate
James Coleman
Democratic • Senate
Katie Wallace
Democratic • Senate
Lisa Cutter
Democratic • Senate
Marc Snyder
Democratic • Senate
Mike Weissman
Democratic • Senate
Tony Exum
Democratic • Senate

Roll Call Votes

All Roll Calls

Yes: 151 • No: 105

Senate vote • 4/23/2026

Third reading: Bill

Yes: 28 • No: 7

Senate vote • 4/22/2026

Refer House Bill 26-1003 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.

Yes: 7 • No: 0

Senate vote • 3/10/2026

Refer House Bill 26-1003 to the Committee on Appropriations.

Yes: 9 • No: 0

House vote • 2/10/2026

Third reading: Bill

Yes: 50 • No: 15

House vote • 2/9/2026

Committee of the whole: Amd (h.002)

Yes: 23 • No: 40

House vote • 2/9/2026

Committee of the whole: Amd (h.001)

Yes: 24 • No: 40

House vote • 2/4/2026

Refer House Bill 26-1003, as amended, to the Committee of the Whole.

Yes: 10 • No: 3

Actions Timeline

Governor Signed
5/29/2026House
Signed by the Speaker of the House
5/20/2026House
Signed by the President of the Senate
5/20/2026Senate
Sent to the Governor
5/20/2026House
Senate Third Reading Passed - No Amendments
4/23/2026Senate
Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
4/22/2026Senate
Senate Second Reading Special Order - Passed - No Amendments
4/22/2026Senate
Senate Committee on Finance Refer Unamended to Appropriations
3/10/2026Senate
Introduced In Senate - Assigned to Finance
2/12/2026Senate
House Third Reading Passed - No Amendments
2/10/2026House
House Second Reading Special Order - Passed with Amendments - Committee
2/9/2026House
House Second Reading Laid Over Daily - No Amendments
2/6/2026House
House Committee on Business Affairs & Labor Refer Amended to House Committee of the Whole
2/4/2026House
Introduced In House - Assigned to Business Affairs & Labor
1/14/2026House

Bill Text

Engrossed
PDF
Final Act
PDF
House Business Affairs & Labor Preamend
PDF
Introduced
PDF
Reengrossed
PDF
Rerevised
PDF
Revised
PDF
Signed Act
PDF

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