# Colorado SB25-081: Treasurer's Office Colorado SB25-081, Treasurer's Office, is a 2025 Regular Session Senate bill sponsored by Emily Sirota (Democratic), Jeff Bridges (Democratic), Judy Amabile (Democratic) and 1 others; status signed, last action 2025-05-31 (Governor Signed) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/CO-SB25-081-2025A - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Colorado SB25-081 - State: Colorado - Session: 2025 Regular Session - Title: Treasurer's Office - Status: signed - Chamber: Senate - Introduced: 2025-01-23 - Last action: 2025-05-31, Governor Signed - Sponsors: Emily Sirota (Democratic), Jeff Bridges (Democratic), Judy Amabile (Democratic), Shannon Bird - Cosponsors: 16 - Subjects: State Government - Touches household money: no - Roll calls: 9 (153 yes, 65 no in all) - Economic provisions PRIA read: 7 ## Summary No summary available. ## Bill overview: provisions PRIA read - Colorado gains digital security financing option: benefit, low. The State Treasurer can use security token offerings, a form of digital securities, to finance state capital needs. The Treasurer can also adopt rules for this financing tool. The law names no specific project or funding amount and provides no direct household payment. - Infrastructure bonds carry no state repayment promise: benefit, low. BUILDA can sell bonds to finance its work, with repayment periods up to 30 years. Bond payments come only from its Bonding Fund and related pledged accounts, not state taxes or appropriations. These bonds are not state debt or a state liability. Public entities can invest only when the bonds meet p… - New financing for Colorado infrastructure projects: benefit, low. The law creates BUILDA, a public authority, and a revolving fund to finance selected projects ready to begin. Eligible projects include transportation, transit communities, courthouses, utilities, energy, recycling, schools, water, housing, and digital or community development infrastructure. Appli… - Worker standards shape infrastructure project choices: benefit, low. BUILDA must work with under-represented communities and organizations and use responsible contracting and labor practices. It must follow state and federal prevailing-wage and apprenticeship rules wherever those laws apply. When those rules are not required, BUILDA must favor projects that voluntar… - Colorado tax exemptions for infrastructure bonds: benefit, low. BUILDA's income, property, bonds, and other covered obligations are exempt from Colorado taxes and assessments. The exemptions also cover bond interest, transfers, income from these securities, and related legal documents. The bonds are exempt from specified Colorado securities-law rules. These sta… - Infrastructure borrowers face fees and loan limits: cost, low. BUILDA can charge state agencies and other borrowers or service users reasonable fees to cover costs and maintain reserves. The law sets no fee amount or direct household charge. After a loan is fully repaid, BUILDA must close it. The authority cannot use that closed loan as equity for another proj… - State financing fund gains broader flexibility: mixed, low. The Treasurer sets contributions from covered state borrowing to the State Public Financing Cash Fund, within federal tax limits. The law removes the old contribution cap: the lesser of $100,000 or 2% of principal proceeds. The fund can reimburse verifiable issuance and ongoing compliance costs wit… ## Sponsors and cosponsors - Sponsor: Emily Sirota (Democratic), House - Sponsor: Jeff Bridges (Democratic), Senate - Sponsor: Judy Amabile (Democratic), Senate - Sponsor: Shannon Bird - Cosponsor: Andrew Boesenecker (Democratic), House - Cosponsor: Brianna Titone (Democratic), House - Cosponsor: Chad Clifford (Democratic), House - Cosponsor: Jennifer Bacon (Democratic), House - Cosponsor: Junie Joseph (Democratic), House - Cosponsor: Julie McCluskie (Democratic), House - Cosponsor: Karen McCormick (Democratic), House - Cosponsor: Lorena Garcia (Democratic), House - Cosponsor: Lesley Smith (Democratic), House - Cosponsor: Mandy Lindsay (Democratic), House - Cosponsor: Manny Rutinel (Democratic), House - Cosponsor: Naquetta Ricks (Democratic), House - Cosponsor: Tammy Story (Democratic), House - Cosponsor: Chris Kolker (Democratic), Senate - Cosponsor: Dylan Roberts (Democratic), Senate - Cosponsor: Matt Ball (Democratic), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-04-28 | Senate | House amendments: Repass | pass | 22 | 11 | | | 2025-04-28 | Senate | House amendments: Concur | pass | 30 | 3 | | | 2025-04-25 | House | Third reading: Bill | pass | 40 | 23 | | | 2025-04-21 | House | Refer Senate Bill 25-081, as amended, to the Committee on Appropriations. | pass | 8 | 5 | | | 2025-04-21 | House | Reconsider the prior motion on Senate Bill 25-081. | pass | 11 | 2 | | | 2025-04-21 | House | Refer Senate Bill 25-081, as amended, to the Committee of the Whole. | pass | 10 | 3 | | | 2025-03-12 | Senate | Third reading: Bill | pass | 22 | 12 | | | 2025-03-07 | Senate | Refer Senate Bill 25-081 to the Committee of the Whole. | pass | 4 | 3 | | | 2025-02-18 | Senate | Refer Senate Bill 25-081, as amended, to the Committee on Appropriations. | pass | 6 | 3 | | ## Actions (14) - 2025-05-31: Governor Signed (House) - 2025-05-02: Signed by the Speaker of the House (House) - 2025-05-02: Sent to the Governor (House) - 2025-05-01: Signed by the President of the Senate (Senate) - 2025-04-28: Senate Considered House Amendments - Result was to Concur - Repass (Senate) - 2025-04-25: House Third Reading Passed - No Amendments (House) - 2025-04-24: House Second Reading Special Order - Passed with Amendments - Committee (House) - 2025-04-21: House Committee on Finance Refer Amended to House Committee of the Whole (House) - 2025-03-12: Senate Third Reading Passed - No Amendments (Senate) - 2025-03-12: Introduced In House - Assigned to Finance (House) - 2025-03-11: Senate Second Reading Passed with Amendments - Floor (Senate) - 2025-03-07: Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole (Senate) - 2025-02-18: Senate Committee on Finance Refer Amended to Appropriations (Senate) - 2025-01-23: Introduced In Senate - Assigned to Finance (Senate) ## Bill text - Engrossed: [PDF](https://leg.colorado.gov/bill_files/85655/download) - Final Act: [PDF](https://leg.colorado.gov/bill_files/85651/download) - House Finance Preamend: [PDF](https://leg.colorado.gov/bill_files/85658/download) - Introduced: [PDF](https://leg.colorado.gov/bill_files/85656/download) - Reengrossed: [PDF](https://leg.colorado.gov/bill_files/85654/download) - Rerevised: [PDF](https://leg.colorado.gov/bill_files/85652/download) - Revised: [PDF](https://leg.colorado.gov/bill_files/85653/download) - Senate Finance Preamend: [PDF](https://leg.colorado.gov/bill_files/85657/download) - Signed Act: [PDF](https://leg.colorado.gov/bill_files/40953/download) ## Related bills - SB25-279: Colorado Code of Military Justice Updates (signed) - HB25-1234: Utility Consumer Protection (signed) - HB25-1307: Updating Technical References in Education Law (signed) - SB25-163: Battery Stewardship Programs (signed) - SB25-261: Property Tax Deferral Program Administration (signed) - SB25-167: Invest State Funds to Benefit Communities (signed) ## Sources - [Engrossed (PDF)](https://leg.colorado.gov/bill_files/85655/download) - [Final Act (PDF)](https://leg.colorado.gov/bill_files/85651/download) - [House Finance Preamend (PDF)](https://leg.colorado.gov/bill_files/85658/download) - [Introduced (PDF)](https://leg.colorado.gov/bill_files/85656/download) - [Reengrossed (PDF)](https://leg.colorado.gov/bill_files/85654/download) - [Rerevised (PDF)](https://leg.colorado.gov/bill_files/85652/download) - [Revised (PDF)](https://leg.colorado.gov/bill_files/85653/download) - [Senate Finance Preamend (PDF)](https://leg.colorado.gov/bill_files/85657/download) - [Signed Act (PDF)](https://leg.colorado.gov/bill_files/40953/download) ## Related - [SB25-279: Colorado Code of Military Justice Updates](https://policyrisk.com/state-bill/CO-SB25-279-2025A) - [HB25-1234: Utility Consumer Protection](https://policyrisk.com/state-bill/CO-HB25-1234-2025A) - [HB25-1307: Updating Technical References in Education Law](https://policyrisk.com/state-bill/CO-HB25-1307-2025A) - [SB25-163: Battery Stewardship Programs](https://policyrisk.com/state-bill/CO-SB25-163-2025A) - [SB25-261: Property Tax Deferral Program Administration](https://policyrisk.com/state-bill/CO-SB25-261-2025A) - [SB25-167: Invest State Funds to Benefit Communities](https://policyrisk.com/state-bill/CO-SB25-167-2025A) - [Colorado bills](https://policyrisk.com/states/colorado/bills) - [Colorado state hub](https://policyrisk.com/states/colorado) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/CO-SB25-081-2025A (as of 2026-10-19).