Senate Committee of Reference Report
Committee on Finance
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May 5, 2026
After consideration on the merits, the Committee recommends the following:
HB26-1206 be amended as follows, and as so amended, be referred to the Committee on Appropriations with favorable recommendation:
Page 1, Line 1Amend reengrossed bill, page 4, strike lines 21 through 27 and substitute:
Page 1, Line 2"SECTION 2. In Colorado Revised Statutes, add 29-4-233 as
Page 1, Line 3follows:
Page 1, Line 429-4-233. Intergovernmental agreement for housing revenue.
Page 1, Line 5(1) An authority and a city may enter into an
Page 1, Line 6intergovernmental agreement to provide for the imposition of
Page 1, Line 7a sales tax, sales and use tax, or both by the city upon every
Page 1, Line 8transaction or other incident with respect to which a sales or
Page 1, Line 9use tax is imposed by the city. The authority shall use the
Page 1, Line 10revenue raised by this tax to effect the planning, financing,
Page 1, Line 11acquisition, construction, reconstruction, or repair,
Page 1, Line 12maintenance, management, and operation of housing projects or
Page 1, Line 13programs pursuant to this part 2.
Page 1, Line 14(2) An intergovernmental agreement entered into
Page 1, Line 15pursuant to this section must address:
Page 1, Line 16(a) The type of tax to be imposed pursuant to this section
Page 1, Line 17and the rate of that tax;
Page 1, Line 18(b) The duration of a tax imposed pursuant to this section
Page 1, Line 19and of the agreement, both of which may be continued for a
Page 1, Line 20definite term or until rescinded or terminated, and the method,
Page 1, Line 21if any, by which either may be rescinded or terminated; except
Page 1, Line 22that neither may be rescinded or terminated so long as the
Page 1, Line 23authority has bonds, notes, or other obligations outstanding to
Page 1, Line 24which the authority has pledged revenue raised from the tax,
Page 1, Line 25unless provision for full payment of these obligations, by
Page 1, Line 26escrow or otherwise, has been made pursuant to the terms of the
Page 1, Line 27obligations;
Page 2, Line 1(c) The distribution of all or part of the revenue raised
Page 2, Line 2by a tax imposed pursuant to this section to the authority;
Page 2, Line 3(d) The irrevocable pledge to the authority of all new
Page 2, Line 4tax revenues raised by a tax imposed pursuant to this section for
Page 2, Line 5the purposes set forth in the approved ballot question, excepting
Page 2, Line 6any costs of elections related to the tax or the administration
Page 2, Line 7or collection of the tax;
Page 2, Line 8(e) Compliance with section 20 of article X of the state
Page 2, Line 9constitution;
Page 2, Line 10(f) The payment of any costs of any election related to a
Page 2, Line 11tax imposed pursuant to this section;
Page 2, Line 12(g) The retention by the city of an amount of the revenue
Page 2, Line 13raised by a tax imposed pursuant to this section not to exceed
Page 2, Line 14the cost of the collection, administration, and enforcement of
Page 2, Line 15that tax; and
Page 2, Line 16(h) Any other provisions deemed necessary by the
Page 2, Line 17authority and the city.
Page 2, Line 18(3) (a) An action by a city to impose or increase any tax or
Page 2, Line 19to pledge revenues pursuant to this section does not take effect
Page 2, Line 20unless first submitted to a vote of the registered electors of
Page 2, Line 21the city to the extent required by section 20 of article X of the
Page 2, Line 22state constitution or other applicable law.
Page 2, Line 23(b) A ballot question submitted to a city's registered
Page 2, Line 24electors pursuant to subsection (3)(a) of this section must be
Page 2, Line 25submitted at a general election or any election to be held on
Page 2, Line 26the first Tuesday in November of an odd-numbered year and is
Page 2, Line 27only approved if a majority of the registered electors voting on
Page 2, Line 28the ballot question at the election vote in favor of the ballot
Page 2, Line 29question.
Page 2, Line 30(4) (a) The authority granted pursuant to this section
Page 2, Line 31does not limit the powers of governments to enter into
Page 2, Line 32intergovernmental cooperation or contracts, to establish
Page 2, Line 33separate legal entities pursuant to section 29-1-203 or any
Page 2, Line 34other applicable law, or to otherwise carry out their individual
Page 2, Line 35powers under applicable statutory or charter provisions.
Page 2, Line 36(b) The authority granted pursuant to this section does
Page 2, Line 37not limit the powers reserved to cities and towns by section 2 of
Page 2, Line 38article XI of the state constitution or article XX of the state
Page 2, Line 39constitution.
Page 2, Line 40SECTION 3. In Colorado Revised Statutes, 29-4-505, amend (1)
Page 2, Line 41introductory portion and (1)(g); and add (1)(h) as follows:
Page 2, Line 4229-4-505. Powers of authority.
Page 2, Line 43(1) A housing authority shall constitute constitutes a public
Page 3, Line 1body, corporate and politic, shall exercise public and essential
Page 3, Line 2governmental functions, and have has all the powers necessary and
Page 3, Line 3convenient to carry out and effectuate the purposes and provisions of this
Page 3, Line 4part 5; (but not except for the power to levy and collect taxes or special
Page 3, Line 5assessments), including the following powers:
Page 3, Line 6(g) To do all acts and things necessary or convenient to carry out
Page 3, Line 7the powers given and the purposes described in this part 5 or the
Page 3, Line 8purposes hereof of this part 5; and
Page 3, Line 9(h) To issue revenue or general obligation bonds and to
Page 3, Line 10pledge the housing authority's revenues and revenue-raising
Page 3, Line 11powers for the payment of these bonds. When issuing bonds
Page 3, Line 12pursuant to this subsection (1)(h), the authority shall issue the
Page 3, Line 13bonds according to the terms and subject to the conditions
Page 3, Line 14described in section 43-4-609.
Page 3, Line 15SECTION 4. In Colorado Revised Statutes, add 29-4-510 as
Page 3, Line 16follows:
Page 3, Line 1729-4-510. Intergovernmental agreement for housing revenue.
Page 3, Line 18(1) An authority and a county may enter into an
Page 3, Line 19intergovernmental agreement to provide for the imposition of
Page 3, Line 20a sales tax, sales and use tax, or both by the county upon every
Page 3, Line 21transaction or other incident with respect to which a sales or
Page 3, Line 22use tax is imposed by the county. The authority shall use the
Page 3, Line 23revenue raised by this tax to effect the planning, financing,
Page 3, Line 24acquisition, construction, reconstruction, or repair,
Page 3, Line 25maintenance, management, and operation of housing projects or
Page 3, Line 26programs pursuant to this part 5.
Page 3, Line 27(2) An intergovernmental agreement entered into
Page 3, Line 28pursuant to this section shall address:
Page 3, Line 29(a) The type of tax to be levied pursuant to this section
Page 3, Line 30and the rate of that tax;
Page 3, Line 31(b) The duration of a tax imposed pursuant to this section
Page 3, Line 32and of the agreement, both of which may be continued for a
Page 3, Line 33definite term or until rescinded or terminated, and the method,
Page 3, Line 34if any, by which either may be rescinded or terminated; except
Page 3, Line 35that neither may be rescinded or terminated so long as the
Page 3, Line 36authority has bonds, notes, or other obligations outstanding to
Page 3, Line 37which the authority has pledged revenue raised from the tax,
Page 3, Line 38unless provision for full payment of these obligations, by
Page 3, Line 39escrow or otherwise, has been made pursuant to the terms of the
Page 3, Line 40obligations;
Page 3, Line 41(c) The distribution of all or part of the revenue raised
Page 3, Line 42by a tax imposed pursuant to this section to the authority;
Page 3, Line 43(d) The irrevocable pledge to the authority of all new
Page 4, Line 1tax revenues raised by a tax imposed pursuant to this section for
Page 4, Line 2the purposes set forth in the approved ballot question, excepting
Page 4, Line 3any costs of elections related to the tax or the administration
Page 4, Line 4or collection of the tax;
Page 4, Line 5(e) Compliance with section 20 of article X of the state
Page 4, Line 6constitution;
Page 4, Line 7(f) The payment of any costs of any election related to a
Page 4, Line 8tax imposed pursuant to this section;
Page 4, Line 9(g) The retention by the county or the department of
Page 4, Line 10revenue for taxes collected by the department of revenue, of an
Page 4, Line 11amount of the revenue raised by a tax imposed pursuant to this
Page 4, Line 12section not to exceed the cost of the collection, administration,
Page 4, Line 13and enforcement of that tax; and
Page 4, Line 14(h) Any other provisions deemed necessary by the
Page 4, Line 15authority and the county.
Page 4, Line 16(3) (a) An action by a county to impose or increase any tax
Page 4, Line 17or to pledge revenues pursuant to this section does not take
Page 4, Line 18effect unless first submitted to a vote of the registered
Page 4, Line 19electors of the county to the extent required by section 20 of
Page 4, Line 20article X of the state constitution or other applicable law.
Page 4, Line 21(b) A ballot question submitted to a county's registered
Page 4, Line 22electors pursuant to subsection (3)(a) of this section must be
Page 4, Line 23submitted at a general election or any election to be held on
Page 4, Line 24the first Tuesday in November of an odd-numbered year and is
Page 4, Line 25only approved if a majority of the registered electors voting on
Page 4, Line 26the ballot question at the election vote in favor of the ballot
Page 4, Line 27question.
Page 4, Line 28(4) The authority granted pursuant to this section does
Page 4, Line 29not limit the powers of governments to enter into
Page 4, Line 30intergovernmental cooperation or contracts, to establish
Page 4, Line 31separate legal entities pursuant to section 29-1-203 or any
Page 4, Line 32other applicable law, or to otherwise carry out their individual
Page 4, Line 33powers under applicable statutory or charter provisions.".
Page 4, Line 34Strike pages 5 through 10.
Page 4, Line 35Page 11, strike lines 1 through 11.