CLICS Archive
Dashboard
Bill Archiver
Bill Runs
Bill Archives
Bills
Schedules
Schedule Runs
Schedules
Committees
Committee Runs
Committees
Meeting Runs
Meetings
Legislators
Legislator Runs
Legislators
Settings
Back to Archives
Archive #54347
Metadata
Bill Number
SB25-167
HTTP Status
200
Valid JSON
Valid
Archived At
2026-04-15 11:39:40 MDT
Created At
2026-04-15 11:39:40 MDT
Parsed JSON
{ "votes": [ { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/cslVotes.nsf/0/9405AB1D133776C587258C82001C93C6?OpenDocument", "date": "05/05/2025", "action": "House Amendments", "motion": "CONCUR", "chamber": "SENATE", "vote_id": "6431", "vote_no": 0, "vote_17C": 0, "vote_17D": 0, "vote_abs": 0, "vote_exc": 0, "vote_yes": 35, "voice_vote": "N", "vote_others": 0, "vote_result": "Aye: 35 No: 0 Other: 0", "member_votes": [ { "vote": "Y", "last_name": "Amabile" }, { "vote": "Y", "last_name": "Baisley" }, { "vote": "Y", "last_name": "Ball" }, { "vote": "Y", "last_name": "Bridges" }, { "vote": "Y", "last_name": "Bright" }, { "vote": "Y", "last_name": "Carson" }, { "vote": "Y", "last_name": "Catlin" }, { "vote": "Y", "last_name": "Cutter" }, { "vote": "Y", "last_name": "Danielson" }, { "vote": "Y", "last_name": "Daugherty" }, { "vote": "Y", "last_name": "Exum" }, { "vote": "Y", "last_name": "Frizell" }, { "vote": "Y", "last_name": "Gonzales J." }, { "vote": "Y", "last_name": "Hinrichsen" }, { "vote": "Y", "last_name": "Jodeh" }, { "vote": "Y", "last_name": "Kipp" }, { "vote": "Y", "last_name": "Kirkmeyer" }, { "vote": "Y", "last_name": "Kolker" }, { "vote": "Y", "last_name": "Liston" }, { "vote": "Y", "last_name": "Lundeen" }, { "vote": "Y", "last_name": "Marchman" }, { "vote": "Y", "last_name": "Michaelson Jenet" }, { "vote": "Y", "last_name": "Mullica" }, { "vote": "Y", "last_name": "Pelton B." }, { "vote": "Y", "last_name": "Pelton R." }, { "vote": "Y", "last_name": "Rich" }, { "vote": "Y", "last_name": "Roberts" }, { "vote": "Y", "last_name": "Rodriguez" }, { "vote": "Y", "last_name": "Simpson" }, { "vote": "Y", "last_name": "Snyder" }, { "vote": "Y", "last_name": "Sullivan" }, { "vote": "Y", "last_name": "Wallace" }, { "vote": "Y", "last_name": "Weissman" }, { "vote": "Y", "last_name": "Winter F." }, { "vote": "Y", "last_name": "President" } ], "lay_over_date": "", "vote_date_time": "05/05/2025 11:12:07 PM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/cslVotes.nsf/0/E9C859786C88A4A287258C82001CAAA6?OpenDocument", "date": "05/05/2025", "action": "House Amendments", "motion": "REPASS", "chamber": "SENATE", "vote_id": "6432", "vote_no": 11, "vote_17C": 0, "vote_17D": 0, "vote_abs": 0, "vote_exc": 0, "vote_yes": 24, "voice_vote": "N", "vote_others": 0, "vote_result": "Aye: 24 No: 11 Other: 0", "member_votes": [ { "vote": "Y", "last_name": "Amabile" }, { "vote": "N", "last_name": "Baisley" }, { "vote": "Y", "last_name": "Ball" }, { "vote": "Y", "last_name": "Bridges" }, { "vote": "N", "last_name": "Bright" }, { "vote": "N", "last_name": "Carson" }, { "vote": "Y", "last_name": "Catlin" }, { "vote": "Y", "last_name": "Cutter" }, { "vote": "Y", "last_name": "Danielson" }, { "vote": "Y", "last_name": "Daugherty" }, { "vote": "Y", "last_name": "Exum" }, { "vote": "Y", "last_name": "Frizell" }, { "vote": "N", "last_name": "Gonzales J." }, { "vote": "Y", "last_name": "Hinrichsen" }, { "vote": "Y", "last_name": "Jodeh" }, { "vote": "Y", "last_name": "Kipp" }, { "vote": "N", "last_name": "Kirkmeyer" }, { "vote": "N", "last_name": "Kolker" }, { "vote": "N", "last_name": "Liston" }, { "vote": "N", "last_name": "Lundeen" }, { "vote": "N", "last_name": "Marchman" }, { "vote": "Y", "last_name": "Michaelson Jenet" }, { "vote": "Y", "last_name": "Mullica" }, { "vote": "N", "last_name": "Pelton B." }, { "vote": "Y", "last_name": "Pelton R." }, { "vote": "N", "last_name": "Rich" }, { "vote": "Y", "last_name": "Roberts" }, { "vote": "Y", "last_name": "Rodriguez" }, { "vote": "Y", "last_name": "Simpson" }, { "vote": "Y", "last_name": "Snyder" }, { "vote": "Y", "last_name": "Sullivan" }, { "vote": "Y", "last_name": "Wallace" }, { "vote": "Y", "last_name": "Weissman" }, { "vote": "Y", "last_name": "Winter F." }, { "vote": "Y", "last_name": "President" } ], "lay_over_date": "", "vote_date_time": "05/05/2025 11:13:06 PM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/cslVotes.nsf/0/6E52222FC34BA3FF87258C7E00601263?OpenDocument", "date": "05/02/2025", "action": "Third Reading", "motion": "BILL", "chamber": "HOUSE", "vote_id": "971", "vote_no": 19, "vote_17C": 0, "vote_17D": 0, "vote_abs": 0, "vote_exc": 1, "vote_yes": 45, "voice_vote": "N", "vote_others": 1, "vote_result": "Aye: 45 No: 19 Other: 1", "member_votes": [ { "vote": "N", "last_name": "Armagost" }, { "vote": "Y", "last_name": "Bacon" }, { "vote": "N", "last_name": "Barron" }, { "vote": "Y", "last_name": "Bird" }, { "vote": "Y", "last_name": "Boesenecker" }, { "vote": "N", "last_name": "Bottoms" }, { "vote": "N", "last_name": "Bradfield" }, { "vote": "N", "last_name": "Bradley" }, { "vote": "N", "last_name": "Brooks" }, { "vote": "Y", "last_name": "Brown" }, { "vote": "Y", "last_name": "Caldwell" }, { "vote": "Y", "last_name": "Camacho" }, { "vote": "Y", "last_name": "Carter" }, { "vote": "Y", "last_name": "Clifford" }, { "vote": "N", "last_name": "DeGraaf" }, { "vote": "Y", "last_name": "Duran" }, { "vote": "E", "last_name": "English" }, { "vote": "Y", "last_name": "Espenoza" }, { "vote": "Y", "last_name": "Feret" }, { "vote": "Y", "last_name": "Froelich" }, { "vote": "Y", "last_name": "Garcia" }, { "vote": "Y", "last_name": "Garcia Sander" }, { "vote": "Y", "last_name": "Gilchrist" }, { "vote": "N", "last_name": "Gonzalez R." }, { "vote": "Y", "last_name": "Hamrick" }, { "vote": "N", "last_name": "Hartsook" }, { "vote": "Y", "last_name": "Jackson" }, { "vote": "N", "last_name": "Johnson" }, { "vote": "Y", "last_name": "Joseph" }, { "vote": "N", "last_name": "Keltie" }, { "vote": "Y", "last_name": "Lieder" }, { "vote": "Y", "last_name": "Lindsay" }, { "vote": "Y", "last_name": "Lindstedt" }, { "vote": "N", "last_name": "Luck" }, { "vote": "Y", "last_name": "Lukens" }, { "vote": "Y", "last_name": "Mabrey" }, { "vote": "N", "last_name": "Marshall" }, { "vote": "Y", "last_name": "Martinez" }, { "vote": "Y", "last_name": "Mauro" }, { "vote": "Y", "last_name": "McCormick" }, { "vote": "Y", "last_name": "Paschal" }, { "vote": "Y", "last_name": "Phillips" }, { "vote": "N", "last_name": "Pugliese" }, { "vote": "N", "last_name": "Richardson" }, { "vote": "Y", "last_name": "Ricks" }, { "vote": "Y", "last_name": "Rutinel" }, { "vote": "Y", "last_name": "Rydin" }, { "vote": "Y", "last_name": "Sirota" }, { "vote": "Y", "last_name": "Smith" }, { "vote": "N", "last_name": "Soper" }, { "vote": "Y", "last_name": "Stewart K." }, { "vote": "Y", "last_name": "Stewart R." }, { "vote": "Y", "last_name": "Story" }, { "vote": "N", "last_name": "Suckla" }, { "vote": "Y", "last_name": "Taggart" }, { "vote": "Y", "last_name": "Titone" }, { "vote": "Y", "last_name": "Valdez" }, { "vote": "Y", "last_name": "Velasco" }, { "vote": "N", "last_name": "Weinberg" }, { "vote": "Y", "last_name": "Willford" }, { "vote": "Y", "last_name": "Winter T." }, { "vote": "Y", "last_name": "Woodrow" }, { "vote": "N", "last_name": "Woog" }, { "vote": "Y", "last_name": "Zokaie" }, { "vote": "Y", "last_name": "McCluskie" } ], "lay_over_date": "", "vote_date_time": "05/02/2025 11:29:21 AM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/cslVotes.nsf/0/199E1BE3424FB33C87258C6F00595BF1?OpenDocument", "date": "04/17/2025", "action": "Third Reading", "motion": "BILL", "chamber": "SENATE", "vote_id": "5958", "vote_no": 8, "vote_17C": 0, "vote_17D": 0, "vote_abs": 0, "vote_exc": 0, "vote_yes": 27, "voice_vote": "N", "vote_others": 0, "vote_result": "Aye: 27 No: 8 Other: 0", "member_votes": [ { "vote": "Y", "last_name": "Amabile" }, { "vote": "N", "last_name": "Baisley" }, { "vote": "Y", "last_name": "Ball" }, { "vote": "Y", "last_name": "Bridges" }, { "vote": "Y", "last_name": "Bright" }, { "vote": "N", "last_name": "Carson" }, { "vote": "Y", "last_name": "Catlin" }, { "vote": "Y", "last_name": "Cutter" }, { "vote": "Y", "last_name": "Danielson" }, { "vote": "Y", "last_name": "Daugherty" }, { "vote": "Y", "last_name": "Exum" }, { "vote": "Y", "last_name": "Frizell" }, { "vote": "N", "last_name": "Gonzales J." }, { "vote": "Y", "last_name": "Hinrichsen" }, { "vote": "Y", "last_name": "Jodeh" }, { "vote": "Y", "last_name": "Kipp" }, { "vote": "N", "last_name": "Kirkmeyer" }, { "vote": "N", "last_name": "Kolker" }, { "vote": "N", "last_name": "Liston" }, { "vote": "Y", "last_name": "Lundeen" }, { "vote": "N", "last_name": "Marchman" }, { "vote": "Y", "last_name": "Michaelson Jenet" }, { "vote": "Y", "last_name": "Mullica" }, { "vote": "Y", "last_name": "Pelton B." }, { "vote": "Y", "last_name": "Pelton R." }, { "vote": "N", "last_name": "Rich" }, { "vote": "Y", "last_name": "Roberts" }, { "vote": "Y", "last_name": "Rodriguez" }, { "vote": "Y", "last_name": "Simpson" }, { "vote": "Y", "last_name": "Snyder" }, { "vote": "Y", "last_name": "Sullivan" }, { "vote": "Y", "last_name": "Wallace" }, { "vote": "Y", "last_name": "Weissman" }, { "vote": "Y", "last_name": "Winter F." }, { "vote": "Y", "last_name": "President" } ], "lay_over_date": "", "vote_date_time": "04/17/2025 10:16:01 AM" } ], "active": "F", "origin": "Senate", "lls_num": "25-0730", "session": "2025A", "subject": [ "Education & School Finance (Pre & K-12)", "State Government", "State Revenue & Budget" ], "bill_num": "SB25-167", "sponsors": [ { "id": "SB002", "title": "Representative", "s_type": "Prime Sponsor", "chamber": "House", "full_name": "Shannon Bird", "last_name": "Bird", "first_name": "Shannon", "sponsor_order": "3" }, { "id": "ML003", "title": "Representative", "s_type": "Prime Sponsor", "chamber": "House", "full_name": "Meghan Lukens", "last_name": "Lukens", "first_name": "Meghan", "sponsor_order": "4" }, { "id": "JB005", "title": "Representative", "s_type": "Co-sponsor", "chamber": "House", "full_name": "Jennifer Bacon", "last_name": "Bacon", "first_name": "Jennifer" }, { "id": "KB002", "title": "Representative", "s_type": "Co-sponsor", "chamber": "House", "full_name": "Kyle Brown", "last_name": "Brown", "first_name": "Kyle" }, { "id": "CC001", "title": "Representative", "s_type": "Co-sponsor", "chamber": "House", "full_name": "Chad Clifford", "last_name": "Clifford", "first_name": "Chad" }, { "id": "MF002", "title": "Representative", "s_type": "Co-sponsor", "chamber": "House", "full_name": "Meg Froelich", "last_name": "Froelich", "first_name": "Meg" }, { "id": "LG003", "title": "Representative", "s_type": "Co-sponsor", "chamber": "House", "full_name": "Lorena García", "last_name": "García", "first_name": "Lorena" }, { "id": "ML002", "title": "Representative", "s_type": "Co-sponsor", "chamber": "House", "full_name": "Mandy Lindsay", "last_name": "Lindsay", "first_name": "Mandy" }, { "id": "TM001", "title": "Representative", "s_type": "Co-sponsor", "chamber": "House", "full_name": "Tisha Mauro", "last_name": "Mauro", "first_name": "Tisha" }, { "id": "JP002", "title": "Representative", "s_type": "Co-sponsor", "chamber": "House", "full_name": "Jacque Phillips", "last_name": "Phillips", "first_name": "Jacque" }, { "id": "NR001", "title": "Representative", "s_type": "Co-sponsor", "chamber": "House", "full_name": "Naquetta Ricks", "last_name": "Ricks", "first_name": "Naquetta" }, { "id": "MR001", "title": "Representative", "s_type": "Co-sponsor", "chamber": "House", "full_name": "Manny Rutinel", "last_name": "Rutinel", "first_name": "Manny" }, { "id": "ES001", "title": "Representative", "s_type": "Co-sponsor", "chamber": "House", "full_name": "Emily Sirota", "last_name": "Sirota", "first_name": "Emily" }, { "id": "KS001", "title": "Representative", "s_type": "Co-sponsor", "chamber": "House", "full_name": "Katie Stewart", "last_name": "Stewart K.", "first_name": "Katie" }, { "id": "JM002", "title": "Representative", "s_type": "Co-sponsor", "chamber": "House", "full_name": "Julie McCluskie", "last_name": "McCluskie", "first_name": "Julie" }, { "id": "JA002", "title": "Senator", "s_type": "Prime Sponsor", "chamber": "Senate", "full_name": "Judy Amabile", "last_name": "Amabile", "first_name": "Judy", "sponsor_order": "1" }, { "id": "LF001", "title": "Senator", "s_type": "Prime Sponsor", "chamber": "Senate", "full_name": "Lisa Frizell", "last_name": "Frizell", "first_name": "Lisa", "sponsor_order": "2" }, { "id": "MB004", "title": "Senator", "s_type": "Co-sponsor", "chamber": "Senate", "full_name": "Matt Ball", "last_name": "Ball", "first_name": "Matt" }, { "id": "JB004", "title": "Senator", "s_type": "Co-sponsor", "chamber": "Senate", "full_name": "Jeff Bridges", "last_name": "Bridges", "first_name": "Jeff" }, { "id": "LC003", "title": "Senator", "s_type": "Co-sponsor", "chamber": "Senate", "full_name": "Lisa Cutter", "last_name": "Cutter", "first_name": "Lisa" }, { "id": "LD001", "title": "Senator", "s_type": "Co-sponsor", "chamber": "Senate", "full_name": "Lindsey Daugherty", "last_name": "Daugherty", "first_name": "Lindsey" }, { "id": "TE001", "title": "Senator", "s_type": "Co-sponsor", "chamber": "Senate", "full_name": "Tony Exum", "last_name": "Exum", "first_name": "Tony" }, { "id": "NH001", "title": "Senator", "s_type": "Co-sponsor", "chamber": "Senate", "full_name": "Nick Hinrichsen", "last_name": "Hinrichsen", "first_name": "Nick" }, { "id": "CK002", "title": "Senator", "s_type": "Co-sponsor", "chamber": "Senate", "full_name": "Cathy Kipp", "last_name": "Kipp", "first_name": "Cathy" }, { "id": "DJ002", "title": "Senator", "s_type": "Co-sponsor", "chamber": "Senate", "full_name": "Dafna Michaelson Jenet", "last_name": "Michaelson Jenet", "first_name": "Dafna" }, { "id": "KM001", "title": "Senator", "s_type": "Co-sponsor", "chamber": "Senate", "full_name": "Kyle Mullica", "last_name": "Mullica", "first_name": "Kyle" }, { "id": "DR001", "title": "Senator", "s_type": "Co-sponsor", "chamber": "Senate", "full_name": "Dylan Roberts", "last_name": "Roberts", "first_name": "Dylan" }, { "id": "CS001", "title": "Senator", "s_type": "Co-sponsor", "chamber": "Senate", "full_name": "Cleave Simpson", "last_name": "Simpson", "first_name": "Cleave" }, { "id": "MS002", "title": "Senator", "s_type": "Co-sponsor", "chamber": "Senate", "full_name": "Marc Snyder", "last_name": "Snyder", "first_name": "Marc" }, { "id": "TS001", "title": "Senator", "s_type": "Co-sponsor", "chamber": "Senate", "full_name": "Tom Sullivan", "last_name": "Sullivan", "first_name": "Tom" }, { "id": "KW001", "title": "Senator", "s_type": "Co-sponsor", "chamber": "Senate", "full_name": "Katie Wallace", "last_name": "Wallace", "first_name": "Katie" }, { "id": "JC002", "title": "Senator", "s_type": "Co-sponsor", "chamber": "Senate", "full_name": "James Coleman", "last_name": "Coleman", "first_name": "James" } ], "bill_files": [ { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_signed.pdf", "date": "06/04/2025", "label": "Signed Act", "url_html": "", "lastModified": "06/06/2025 03:33:47 PM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_enr.pdf", "date": "05/12/2025", "label": "Final Act", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_enr.html", "lastModified": "05/08/2025 12:57:15 PM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_rer.pdf", "date": "05/02/2025", "label": "Rerevised", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_rer.html", "lastModified": "05/02/2025 12:12:26 PM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_rev.pdf", "date": "05/01/2025", "label": "Revised", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_rev.html", "lastModified": "05/01/2025 01:48:06 PM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_ren.pdf", "date": "04/17/2025", "label": "Reengrossed", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_ren.html", "lastModified": "04/17/2025 11:22:42 AM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_eng.pdf", "date": "04/15/2025", "label": "Engrossed", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_eng.html", "lastModified": "04/17/2025 11:22:41 AM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_01.pdf", "date": "02/18/2025", "label": "Introduced", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_01.html", "lastModified": "02/18/2025 02:42:42 PM" } ], "committees": [ { "id": "H_ED_2025A", "name": "Education", "chamber": "House" }, { "id": "H_APP_2025A", "name": "Appropriations", "chamber": "House" }, { "id": "S_FIN_2025A", "name": "Finance", "chamber": "Senate" }, { "id": "S_APP_2025A", "name": "Appropriations", "chamber": "Senate" } ], "long_title": "Concerning the investment of state fund money to benefit Colorado communities, and, in connection therewith, making an appropriation.", "bill_status": "Signed into Law", "short_title": "Invest State Funds to Benefit Communities", "bill_summary": "<html><body><p><t></t></p><p style='text-indent:50px'>Section 1 of the act requires, in addition to othr existing uses, that interest and income earned on the investment of the money in the public school fund to be used to pay for the costs of administering a newly created shared equity down payment assistance program. Section 2 requires at least one member of the public school fund investment board (board) to have expertise in community investments, requires the board to direct the state treasurer to securely invest money deposited in the public school fund in a manner that prioritizes specified new investment objectives, and authorizes the board to enter into contracts with investment advisors or other investment professionals to provide advice on community investments. Section 3 extends the time frame under which the state treasurer may make up a loss of principal to the public school fund by taking actions which lead to gains in the fund from 18 to 24 months.</p><p style='text-indent:50px'><t></t></p><p style='text-indent:50px'>Section 4 creates a new community investment portfolio (portfolio) within the public school fund, and requires the state treasurer to invest at least 20% of the public school fund's value into the community investment portfolio by July 1, 2032.</p><p style='text-indent:50px'><t></t></p><p style='text-indent:50px'>Money in the portfolio must be invested in community investments, and allowable community investments include:</p><p style='text-indent:50px'><ul><li>Bonds issued by Colorado school districts and charter schools;<li>Certificates of participation issued by Colorado school districts and charter schools;<li>Mortgage pass-through securities and collateralized mortgage obligations secured by residential real estate, the majority of which is owned by public school employees;<li>Loans to the Colorado middle income housing authority for a revolving loan fund that funds rental housing developments that include preferences for public school employees;<li>Bonds issued by the middle income housing authority that fund rental housing developments which include preferences for public school employees;<li>Bonds or mortgage-backed securities issued by the Colorado housing and finance authority that fund rental housing developments that include preferences for public school employees or mortgages secured by residential real estate, the majority of which is owned by public school employees;<li>Mortgage revenue bonds that support public school employee mortgages with interest rates of 3% or less;<li>Loans to community development financial institutions or nonprofits with a history of providing affordable home ownership financing that fund:</li><li>Housing that includes preferences for public school employees; or<li>Low-interest mortgages secured by residential real estate that is owned by public school employees;</li><li>Down payment shared appreciation products secured by residential real estate that is owned by public school employees; and<li>Other investments that support public purpose of the portfolio.</li></ul><t></t></p><p style='text-indent:50px'>The educator first home ownership program (program) is created within the portfolio. Subject to a specified limitation, the treasurer shall invest the following amounts in the program by the following dates:</p><p style='text-indent:50px'><ul><li>By July 1, 2028, the greater of 6% of the fund's value or $100 million; and<li>By July 1, 2030, the greater of 12% of the fund's value or $200 million.</li></ul><t></t></p><p style='text-indent:50px'>The treasurer shall aim to invest a target of 75% of the money in the program into the shared equity down payment assistance program for public school employees. The shared equity down payment assistance program must be established by July 1, 2026. Once the shared equity down payment assistance program is established:</p><p style='text-indent:50px'><ul><li>The public school fund investment board shall purchase from the program manager the mortgage products created through the shared equity down payment assistance program; and<li>The public school investment board may provide notice of any discontinuation of future investments that the program manager has not already committed to the shared equity down payment assistance program, which notice must be provided at least 6 months prior to discontinuation.</li></ul><t></t></p><p style='text-indent:50px'>The treasurer shall aim to invest a target of 25% of the money in the program into allowable community investments. The program manager shall establish underwriting criteria and other guidelines for the shared equity down payment assistance program so that the shared equity down payment assistance program:</p><p style='text-indent:50px'><ul><li>Prioritizes first-time home buyers that use the home as a primary residence; <li>Provides shared equity down payment assistance to public school employees and aims to help as many public school employees as possible achieve affordable home ownership; and <li>Allows appreciation-sharing between the shared equity down payment assistance program and the borrower.</li></ul>Unless investments in the shared equity down payment assistance program have been discontinued and there is no fund money invested in the shared equity down payment assistance program, the program administrator shall present an annual report to the board on program outcomes.</p><p style='text-indent:50px'><t></t></p><p style='text-indent:50px'>For the 2025-26 state fiscal year, section 5 appropriates $375,900 from interest or income earned on the investment of the money in the public school fund to the department of the treasury.</p><p style='text-indent:50px'><br/><i>(Note: This summary applies to this bill as enacted.)</i></p></body></html>", "progress_bar": [ { "end": "F", "label": "Introduced", "position": 1 }, { "end": "F", "label": "Passed", "position": 2 }, { "end": "T", "label": "Became Law", "position": 3 } ], "special_type": "", "bill_category": "Government - Local", "allow_testimony": "F", "amendment_files": [ { "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/70283966BD9A535687258C7C006FEB7C/SB167_L.012.pdf", "date": "5/1/2025 11:38:40 AM", "vote": "Passed**", "chamber": "House", "hearing": "Second Reading", "amendment": "L.012" }, { "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/25AB99F69C481DC387258C6D0050DD7E/SB167_L.010.pdf", "date": "4/15/2025 5:45:43 PM", "vote": "Passed**", "chamber": "Senate", "hearing": "Second Reading", "amendment": "L.010" }, { "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/B6577924E38D7A0B87258C68000E0FB8/SB167_J.001.pdf", "date": "4/11/2025 8:33:15 AM", "vote": "Passed*", "chamber": "Senate", "hearing": "SEN Appropriations", "amendment": "J.001" }, { "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/F3AFD8CA7E99C23087258C5F004D7EB5/SB167_L.007.pdf", "date": "4/1/2025 5:28:46 PM", "vote": "Passed*", "chamber": "Senate", "hearing": "SEN Finance", "amendment": "L.007" }, { "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/2BD71825262D625E87258C5F004D1041/SB167_L.006.pdf", "date": "4/1/2025 5:28:22 PM", "vote": "Passed*", "chamber": "Senate", "hearing": "SEN Finance", "amendment": "L.006" }, { "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/4CB105F20F9CFA1C87258C5F004D5FA1/SB167_L.005.pdf", "date": "4/1/2025 5:27:05 PM", "vote": "Passed*", "chamber": "Senate", "hearing": "SEN Finance", "amendment": "L.005" }, { "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/614B35AC00D3010787258C5F004BCCA7/SB167_L.004.pdf", "date": "4/1/2025 5:24:22 PM", "vote": "Passed*", "chamber": "Senate", "hearing": "SEN Finance", "amendment": "L.004" }, { "url": "https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/6A40D37297BCB4C587258C5F004B21E2/SB167_L.003.pdf", "date": "4/1/2025 5:23:57 PM", "vote": "Passed*", "chamber": "Senate", "hearing": "SEN Finance", "amendment": "L.003" } ], "full_bill_topic": "Invest State Funds to Benefit Communities", "long_bill_files": [], "GHG_report_files": [], "preamended_files": [ { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_S_FIN_01.pdf", "date": "04/02/2025", "label": "PA1", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_S_FIN_01.html", "lastModified": "04/02/2025 11:55:33 AM", "label_detailed": "Senate Finance Preamend" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_S_FIN_APP_01.pdf", "date": "04/11/2025", "label": "PA2", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_S_FIN_APP_01.html", "lastModified": "04/11/2025 12:55:44 PM", "label_detailed": "Senate Appropriations Preamend" } ], "bill_sub_category": "Housing", "fiscal_note_files": [ { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_00.pdf", "date": "03/11/2025", "label": "FN1", "url_html": "", "lastModified": "03/25/2025 01:42:51 PM", "label_detailed": "Initial Fiscal Note" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_r1.pdf", "date": "04/09/2025", "label": "FN2", "url_html": "", "lastModified": "05/05/2025 02:52:47 PM", "label_detailed": "First Revised Fiscal Note" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_r2.pdf", "date": "04/09/2025", "label": "FN3", "url_html": "", "lastModified": "05/08/2025 10:40:08 AM", "label_detailed": "Second Revised Fiscal Note" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_f1.pdf", "date": "08/06/2025", "label": "FN4", "url_html": "", "lastModified": "08/21/2025 02:08:17 PM", "label_detailed": "Final Fiscal Note" } ], "is_budget_package": "No", "session_laws_files": { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/sl_449.pdf", "date": [ "06/04/2025" ], "page_num": 2575, "url_html": "", "chapter_num": 449, "short_title": "Invest State Funds to Benefit Communities", "lastModified": "06/11/2025 01:54:17 PM", "governor_action": "Signed", "governor_action_date": "06/04/2025 01:30:00 PM" }, "summarized_history": [ { "date": "06/04/2025", "action": "Governor Signed", "location": "Governor" }, { "date": "05/12/2025", "action": "Signed by the Speaker of the House", "location": "House" }, { "date": "05/12/2025", "action": "Sent to the Governor", "location": "Governor" }, { "date": "05/12/2025", "action": "Signed by the President of the Senate", "location": "Senate" }, { "date": "05/05/2025", "action": "Senate Considered House Amendments - Result was to Concur - Repass", "location": "Senate" }, { "date": "05/02/2025", "action": "House Third Reading Passed - No Amendments", "location": "House" }, { "date": "05/01/2025", "action": "House Second Reading Special Order - Passed with Amendments - Floor", "location": "House" }, { "date": "05/01/2025", "action": "House Committee on Appropriations Refer Unamended to House Committee of the Whole", "location": "House" }, { "date": "04/24/2025", "action": "House Committee on Education Refer Unamended to Appropriations", "location": "House" }, { "date": "04/22/2025", "action": "Introduced In House - Assigned to Education", "location": "House" }, { "date": "04/17/2025", "action": "Senate Third Reading Passed - No Amendments", "location": "Senate" }, { "date": "04/16/2025", "action": "Senate Third Reading Laid Over Daily - No Amendments", "location": "Senate" }, { "date": "04/15/2025", "action": "Senate Second Reading Passed with Amendments - Committee, Floor", "location": "Senate" }, { "date": "04/11/2025", "action": "Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole", "location": "Senate" }, { "date": "04/01/2025", "action": "Senate Committee on Finance Refer Amended to Appropriations", "location": "Senate" }, { "date": "02/18/2025", "action": "Introduced In Senate - Assigned to Finance", "location": "Senate" } ], "research_note_files": [], "bill_sub_sub_category": "Other", "committee_report_files": [ { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_S_FIN_001.pdf", "date": "04/01/2025", "label": "S_FIN_2025A", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_S_FIN_001.html", "lastModified": "04/02/2025 10:03:47 AM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_S_APP_002.pdf", "date": "04/11/2025", "label": "S_APP_2025A", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_S_APP_002.html", "lastModified": "04/11/2025 03:15:14 PM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_H_ED_001.pdf", "date": "04/24/2025", "label": "H_ED_2025A", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_H_ED_001.html", "lastModified": "04/24/2025 03:43:02 PM" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_H_APP_002.pdf", "date": "05/01/2025", "label": "H_APP_2025A", "url_html": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_H_APP_002.html", "lastModified": "05/01/2025 10:04:37 AM" } ], "demographic_note_files": [], "updated_bill_summary_files": [], "budget_staff_analysis_files": [ { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB0167_sen.pdf", "date": "04/09/2025", "label": "SA1", "url_html": "", "lastModified": "04/09/2025 08:37:03 PM", "label_detailed": "Senate Appropriation Analysis (1)" }, { "url": "https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB0167_hse.pdf", "date": "04/29/2025", "label": "SA2", "url_html": "", "lastModified": "04/29/2025 11:27:11 AM", "label_detailed": "House Appropriation Analysis (1)" } ], "first_chamber_third_reading_date": "04/17/2025", "second_chamber_third_reading_date": "05/02/2025" }
Raw Response
{"bill_num":"SB25-167","lls_num":"25-0730","origin":"Senate","short_title":"Invest State Funds to Benefit Communities","full_bill_topic":"Invest State Funds to Benefit Communities","long_title":"Concerning the investment of state fund money to benefit Colorado communities, and, in connection therewith, making an appropriation.","special_type":"","bill_category":"Government - Local","bill_sub_category":"Housing","bill_sub_sub_category":"Other","is_budget_package":"No","subject":["Education & School Finance (Pre & K-12)","State Government","State Revenue & Budget"],"bill_status":"Signed into Law","sponsors":[{"id":"SB002","title":"Representative","first_name":"Shannon","last_name":"Bird","full_name":"Shannon Bird","s_type":"Prime Sponsor","chamber":"House","sponsor_order":"3"},{"id":"ML003","title":"Representative","first_name":"Meghan","last_name":"Lukens","full_name":"Meghan Lukens","s_type":"Prime Sponsor","chamber":"House","sponsor_order":"4"},{"id":"JB005","title":"Representative","first_name":"Jennifer","last_name":"Bacon","full_name":"Jennifer Bacon","s_type":"Co-sponsor","chamber":"House"},{"id":"KB002","title":"Representative","first_name":"Kyle","last_name":"Brown","full_name":"Kyle Brown","s_type":"Co-sponsor","chamber":"House"},{"id":"CC001","title":"Representative","first_name":"Chad","last_name":"Clifford","full_name":"Chad Clifford","s_type":"Co-sponsor","chamber":"House"},{"id":"MF002","title":"Representative","first_name":"Meg","last_name":"Froelich","full_name":"Meg Froelich","s_type":"Co-sponsor","chamber":"House"},{"id":"LG003","title":"Representative","first_name":"Lorena","last_name":"García","full_name":"Lorena García","s_type":"Co-sponsor","chamber":"House"},{"id":"ML002","title":"Representative","first_name":"Mandy","last_name":"Lindsay","full_name":"Mandy Lindsay","s_type":"Co-sponsor","chamber":"House"},{"id":"TM001","title":"Representative","first_name":"Tisha","last_name":"Mauro","full_name":"Tisha Mauro","s_type":"Co-sponsor","chamber":"House"},{"id":"JP002","title":"Representative","first_name":"Jacque","last_name":"Phillips","full_name":"Jacque Phillips","s_type":"Co-sponsor","chamber":"House"},{"id":"NR001","title":"Representative","first_name":"Naquetta","last_name":"Ricks","full_name":"Naquetta Ricks","s_type":"Co-sponsor","chamber":"House"},{"id":"MR001","title":"Representative","first_name":"Manny","last_name":"Rutinel","full_name":"Manny Rutinel","s_type":"Co-sponsor","chamber":"House"},{"id":"ES001","title":"Representative","first_name":"Emily","last_name":"Sirota","full_name":"Emily Sirota","s_type":"Co-sponsor","chamber":"House"},{"id":"KS001","title":"Representative","first_name":"Katie","last_name":"Stewart K.","full_name":"Katie Stewart","s_type":"Co-sponsor","chamber":"House"},{"id":"JM002","title":"Representative","first_name":"Julie","last_name":"McCluskie","full_name":"Julie McCluskie","s_type":"Co-sponsor","chamber":"House"},{"id":"JA002","title":"Senator","first_name":"Judy","last_name":"Amabile","full_name":"Judy Amabile","s_type":"Prime Sponsor","chamber":"Senate","sponsor_order":"1"},{"id":"LF001","title":"Senator","first_name":"Lisa","last_name":"Frizell","full_name":"Lisa Frizell","s_type":"Prime Sponsor","chamber":"Senate","sponsor_order":"2"},{"id":"MB004","title":"Senator","first_name":"Matt","last_name":"Ball","full_name":"Matt Ball","s_type":"Co-sponsor","chamber":"Senate"},{"id":"JB004","title":"Senator","first_name":"Jeff","last_name":"Bridges","full_name":"Jeff Bridges","s_type":"Co-sponsor","chamber":"Senate"},{"id":"LC003","title":"Senator","first_name":"Lisa","last_name":"Cutter","full_name":"Lisa Cutter","s_type":"Co-sponsor","chamber":"Senate"},{"id":"LD001","title":"Senator","first_name":"Lindsey","last_name":"Daugherty","full_name":"Lindsey Daugherty","s_type":"Co-sponsor","chamber":"Senate"},{"id":"TE001","title":"Senator","first_name":"Tony","last_name":"Exum","full_name":"Tony Exum","s_type":"Co-sponsor","chamber":"Senate"},{"id":"NH001","title":"Senator","first_name":"Nick","last_name":"Hinrichsen","full_name":"Nick Hinrichsen","s_type":"Co-sponsor","chamber":"Senate"},{"id":"CK002","title":"Senator","first_name":"Cathy","last_name":"Kipp","full_name":"Cathy Kipp","s_type":"Co-sponsor","chamber":"Senate"},{"id":"DJ002","title":"Senator","first_name":"Dafna","last_name":"Michaelson Jenet","full_name":"Dafna Michaelson Jenet","s_type":"Co-sponsor","chamber":"Senate"},{"id":"KM001","title":"Senator","first_name":"Kyle","last_name":"Mullica","full_name":"Kyle Mullica","s_type":"Co-sponsor","chamber":"Senate"},{"id":"DR001","title":"Senator","first_name":"Dylan","last_name":"Roberts","full_name":"Dylan Roberts","s_type":"Co-sponsor","chamber":"Senate"},{"id":"CS001","title":"Senator","first_name":"Cleave","last_name":"Simpson","full_name":"Cleave Simpson","s_type":"Co-sponsor","chamber":"Senate"},{"id":"MS002","title":"Senator","first_name":"Marc","last_name":"Snyder","full_name":"Marc Snyder","s_type":"Co-sponsor","chamber":"Senate"},{"id":"TS001","title":"Senator","first_name":"Tom","last_name":"Sullivan","full_name":"Tom Sullivan","s_type":"Co-sponsor","chamber":"Senate"},{"id":"KW001","title":"Senator","first_name":"Katie","last_name":"Wallace","full_name":"Katie Wallace","s_type":"Co-sponsor","chamber":"Senate"},{"id":"JC002","title":"Senator","first_name":"James","last_name":"Coleman","full_name":"James Coleman","s_type":"Co-sponsor","chamber":"Senate"}],"committees":[{"id":"H_ED_2025A","chamber":"House","name":"Education"},{"id":"H_APP_2025A","chamber":"House","name":"Appropriations"},{"id":"S_FIN_2025A","chamber":"Senate","name":"Finance"},{"id":"S_APP_2025A","chamber":"Senate","name":"Appropriations"}],"first_chamber_third_reading_date":"04/17/2025","second_chamber_third_reading_date":"05/02/2025","summarized_history":[{"date":"06/04/2025","location":"Governor","action":"Governor Signed"},{"date":"05/12/2025","location":"House","action":"Signed by the Speaker of the House"},{"date":"05/12/2025","location":"Governor","action":"Sent to the Governor"},{"date":"05/12/2025","location":"Senate","action":"Signed by the President of the Senate"},{"date":"05/05/2025","location":"Senate","action":"Senate Considered House Amendments - Result was to Concur - Repass"},{"date":"05/02/2025","location":"House","action":"House Third Reading Passed - No Amendments"},{"date":"05/01/2025","location":"House","action":"House Second Reading Special Order - Passed with Amendments - Floor"},{"date":"05/01/2025","location":"House","action":"House Committee on Appropriations Refer Unamended to House Committee of the Whole"},{"date":"04/24/2025","location":"House","action":"House Committee on Education Refer Unamended to Appropriations"},{"date":"04/22/2025","location":"House","action":"Introduced In House - Assigned to Education"},{"date":"04/17/2025","location":"Senate","action":"Senate Third Reading Passed - No Amendments"},{"date":"04/16/2025","location":"Senate","action":"Senate Third Reading Laid Over Daily - No Amendments"},{"date":"04/15/2025","location":"Senate","action":"Senate Second Reading Passed with Amendments - Committee, Floor"},{"date":"04/11/2025","location":"Senate","action":"Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole"},{"date":"04/01/2025","location":"Senate","action":"Senate Committee on Finance Refer Amended to Appropriations"},{"date":"02/18/2025","location":"Senate","action":"Introduced In Senate - Assigned to Finance"}],"progress_bar":[{"position":1,"label":"Introduced","end":"F"},{"position":2,"label":"Passed","end":"F"},{"position":3,"label":"Became Law","end":"T"}],"active":"F","session":"2025A","allow_testimony":"F","long_bill_files":[],"bill_files":[{"date":"06/04/2025","lastModified":"06/06/2025 03:33:47 PM","label":"Signed Act","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_signed.pdf","url_html":""},{"date":"05/12/2025","lastModified":"05/08/2025 12:57:15 PM","label":"Final Act","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_enr.pdf","url_html":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_enr.html"},{"date":"05/02/2025","lastModified":"05/02/2025 12:12:26 PM","label":"Rerevised","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_rer.pdf","url_html":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_rer.html"},{"date":"05/01/2025","lastModified":"05/01/2025 01:48:06 PM","label":"Revised","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_rev.pdf","url_html":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_rev.html"},{"date":"04/17/2025","lastModified":"04/17/2025 11:22:42 AM","label":"Reengrossed","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_ren.pdf","url_html":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_ren.html"},{"date":"04/15/2025","lastModified":"04/17/2025 11:22:41 AM","label":"Engrossed","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_eng.pdf","url_html":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_eng.html"},{"date":"02/18/2025","lastModified":"02/18/2025 02:42:42 PM","label":"Introduced","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_01.pdf","url_html":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_01.html"}],"fiscal_note_files":[{"date":"03/11/2025","lastModified":"03/25/2025 01:42:51 PM","label":"FN1","label_detailed":"Initial Fiscal Note","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_00.pdf","url_html":""},{"date":"04/09/2025","lastModified":"05/05/2025 02:52:47 PM","label":"FN2","label_detailed":"First Revised Fiscal Note","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_r1.pdf","url_html":""},{"date":"04/09/2025","lastModified":"05/08/2025 10:40:08 AM","label":"FN3","label_detailed":"Second Revised Fiscal Note","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_r2.pdf","url_html":""},{"date":"08/06/2025","lastModified":"08/21/2025 02:08:17 PM","label":"FN4","label_detailed":"Final Fiscal Note","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_f1.pdf","url_html":""}],"research_note_files":[],"budget_staff_analysis_files":[{"date":"04/09/2025","lastModified":"04/09/2025 08:37:03 PM","label":"SA1","label_detailed":"Senate Appropriation Analysis (1)","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB0167_sen.pdf","url_html":""},{"date":"04/29/2025","lastModified":"04/29/2025 11:27:11 AM","label":"SA2","label_detailed":"House Appropriation Analysis (1)","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB0167_hse.pdf","url_html":""}], "preamended_files":[{"date":"04/02/2025","lastModified":"04/02/2025 11:55:33 AM","label":"PA1","label_detailed":"Senate Finance Preamend","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_S_FIN_01.pdf","url_html":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_S_FIN_01.html"},{"date":"04/11/2025","lastModified":"04/11/2025 12:55:44 PM","label":"PA2","label_detailed":"Senate Appropriations Preamend","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_S_FIN_APP_01.pdf","url_html":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/167_S_FIN_APP_01.html"}],"committee_report_files":[{"date":"04/01/2025","lastModified":"04/02/2025 10:03:47 AM","label":"S_FIN_2025A","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_S_FIN_001.pdf","url_html":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_S_FIN_001.html"},{"date":"04/11/2025","lastModified":"04/11/2025 03:15:14 PM","label":"S_APP_2025A","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_S_APP_002.pdf","url_html":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_S_APP_002.html"},{"date":"04/24/2025","lastModified":"04/24/2025 03:43:02 PM","label":"H_ED_2025A","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_H_ED_001.pdf","url_html":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_H_ED_001.html"},{"date":"05/01/2025","lastModified":"05/01/2025 10:04:37 AM","label":"H_APP_2025A","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_H_APP_002.pdf","url_html":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/SB167_H_APP_002.html"}],"updated_bill_summary_files":[],"demographic_note_files":[],"GHG_report_files":[],"bill_summary":"<html><body><p><t></t></p><p style='text-indent:50px'>Section 1 of the act requires, in addition to othr existing uses, that interest and income earned on the investment of the money in the public school fund to be used to pay for the costs of administering a newly created shared equity down payment assistance program. Section 2 requires at least one member of the public school fund investment board (board) to have expertise in community investments, requires the board to direct the state treasurer to securely invest money deposited in the public school fund in a manner that prioritizes specified new investment objectives, and authorizes the board to enter into contracts with investment advisors or other investment professionals to provide advice on community investments. Section 3 extends the time frame under which the state treasurer may make up a loss of principal to the public school fund by taking actions which lead to gains in the fund from 18 to 24 months.</p><p style='text-indent:50px'><t></t></p><p style='text-indent:50px'>Section 4 creates a new community investment portfolio (portfolio) within the public school fund, and requires the state treasurer to invest at least 20% of the public school fund's value into the community investment portfolio by July 1, 2032.</p><p style='text-indent:50px'><t></t></p><p style='text-indent:50px'>Money in the portfolio must be invested in community investments, and allowable community investments include:</p><p style='text-indent:50px'><ul><li>Bonds issued by Colorado school districts and charter schools;<li>Certificates of participation issued by Colorado school districts and charter schools;<li>Mortgage pass-through securities and collateralized mortgage obligations secured by residential real estate, the majority of which is owned by public school employees;<li>Loans to the Colorado middle income housing authority for a revolving loan fund that funds rental housing developments that include preferences for public school employees;<li>Bonds issued by the middle income housing authority that fund rental housing developments which include preferences for public school employees;<li>Bonds or mortgage-backed securities issued by the Colorado housing and finance authority that fund rental housing developments that include preferences for public school employees or mortgages secured by residential real estate, the majority of which is owned by public school employees;<li>Mortgage revenue bonds that support public school employee mortgages with interest rates of 3% or less;<li>Loans to community development financial institutions or nonprofits with a history of providing affordable home ownership financing that fund:</li><li>Housing that includes preferences for public school employees; or<li>Low-interest mortgages secured by residential real estate that is owned by public school employees;</li><li>Down payment shared appreciation products secured by residential real estate that is owned by public school employees; and<li>Other investments that support public purpose of the portfolio.</li></ul><t></t></p><p style='text-indent:50px'>The educator first home ownership program (program) is created within the portfolio. Subject to a specified limitation, the treasurer shall invest the following amounts in the program by the following dates:</p><p style='text-indent:50px'><ul><li>By July 1, 2028, the greater of 6% of the fund's value or $100 million; and<li>By July 1, 2030, the greater of 12% of the fund's value or $200 million.</li></ul><t></t></p><p style='text-indent:50px'>The treasurer shall aim to invest a target of 75% of the money in the program into the shared equity down payment assistance program for public school employees. The shared equity down payment assistance program must be established by July 1, 2026. Once the shared equity down payment assistance program is established:</p><p style='text-indent:50px'><ul><li>The public school fund investment board shall purchase from the program manager the mortgage products created through the shared equity down payment assistance program; and<li>The public school investment board may provide notice of any discontinuation of future investments that the program manager has not already committed to the shared equity down payment assistance program, which notice must be provided at least 6 months prior to discontinuation.</li></ul><t></t></p><p style='text-indent:50px'>The treasurer shall aim to invest a target of 25% of the money in the program into allowable community investments. The program manager shall establish underwriting criteria and other guidelines for the shared equity down payment assistance program so that the shared equity down payment assistance program:</p><p style='text-indent:50px'><ul><li>Prioritizes first-time home buyers that use the home as a primary residence; <li>Provides shared equity down payment assistance to public school employees and aims to help as many public school employees as possible achieve affordable home ownership; and <li>Allows appreciation-sharing between the shared equity down payment assistance program and the borrower.</li></ul>Unless investments in the shared equity down payment assistance program have been discontinued and there is no fund money invested in the shared equity down payment assistance program, the program administrator shall present an annual report to the board on program outcomes.</p><p style='text-indent:50px'><t></t></p><p style='text-indent:50px'>For the 2025-26 state fiscal year, section 5 appropriates $375,900 from interest or income earned on the investment of the money in the public school fund to the department of the treasury.</p><p style='text-indent:50px'><br/><i>(Note: This summary applies to this bill as enacted.)</i></p></body></html>","amendment_files":[{"chamber":"House","date":"5/1/2025 11:38:40 AM","amendment":"L.012","hearing":"Second Reading","vote":"Passed**","url":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/70283966BD9A535687258C7C006FEB7C/SB167_L.012.pdf"},{"chamber":"Senate","date":"4/15/2025 5:45:43 PM","amendment":"L.010","hearing":"Second Reading","vote":"Passed**","url":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/25AB99F69C481DC387258C6D0050DD7E/SB167_L.010.pdf"},{"chamber":"Senate","date":"4/11/2025 8:33:15 AM","amendment":"J.001","hearing":"SEN Appropriations","vote":"Passed*","url":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/B6577924E38D7A0B87258C68000E0FB8/SB167_J.001.pdf"},{"chamber":"Senate","date":"4/1/2025 5:28:46 PM","amendment":"L.007","hearing":"SEN Finance","vote":"Passed*","url":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/F3AFD8CA7E99C23087258C5F004D7EB5/SB167_L.007.pdf"},{"chamber":"Senate","date":"4/1/2025 5:28:22 PM","amendment":"L.006","hearing":"SEN Finance","vote":"Passed*","url":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/2BD71825262D625E87258C5F004D1041/SB167_L.006.pdf"},{"chamber":"Senate","date":"4/1/2025 5:27:05 PM","amendment":"L.005","hearing":"SEN Finance","vote":"Passed*","url":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/4CB105F20F9CFA1C87258C5F004D5FA1/SB167_L.005.pdf"},{"chamber":"Senate","date":"4/1/2025 5:24:22 PM","amendment":"L.004","hearing":"SEN Finance","vote":"Passed*","url":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/614B35AC00D3010787258C5F004BCCA7/SB167_L.004.pdf"},{"chamber":"Senate","date":"4/1/2025 5:23:57 PM","amendment":"L.003","hearing":"SEN Finance","vote":"Passed*","url":"https://s3-us-west-2.amazonaws.com/leg.colorado.gov/2025A/amendments/6A40D37297BCB4C587258C5F004B21E2/SB167_L.003.pdf"}],"session_laws_files":{"date":["06/04/2025"],"short_title":"Invest State Funds to Benefit Communities","lastModified":"06/11/2025 01:54:17 PM","url":"https://www.leg.state.co.us/CLICS/CLICS2025A/csl.nsf/0/0801E1797ACC2FEF87258BFD005D1D86/$File/sl_449.pdf","url_html":"","chapter_num":449,"page_num":2575,"governor_action":"Signed","governor_action_date":"06/04/2025 01:30:00 PM"},"votes":[{"vote_id":"6431","chamber":"SENATE","action":"House Amendments","date":"05/05/2025", "vote_date_time":"05/05/2025 11:12:07 PM","lay_over_date":"", "motion":"CONCUR","vote_yes":35,"vote_no":0,"vote_others":0,"vote_result":"Aye: 35 No: 0 Other: 0", "voice_vote":"N","vote_abs":0,"vote_exc":0,"vote_17C":0,"vote_17D":0, "url":"https://www.leg.state.co.us/CLICS/CLICS2025A/cslVotes.nsf/0/9405AB1D133776C587258C82001C93C6?OpenDocument","member_votes":[{"last_name":"Amabile","vote":"Y"},{"last_name":"Baisley","vote":"Y"},{"last_name":"Ball","vote":"Y"},{"last_name":"Bridges","vote":"Y"},{"last_name":"Bright","vote":"Y"},{"last_name":"Carson","vote":"Y"},{"last_name":"Catlin","vote":"Y"},{"last_name":"Cutter","vote":"Y"},{"last_name":"Danielson","vote":"Y"},{"last_name":"Daugherty","vote":"Y"},{"last_name":"Exum","vote":"Y"},{"last_name":"Frizell","vote":"Y"},{"last_name":"Gonzales J.","vote":"Y"},{"last_name":"Hinrichsen","vote":"Y"},{"last_name":"Jodeh","vote":"Y"},{"last_name":"Kipp","vote":"Y"},{"last_name":"Kirkmeyer","vote":"Y"},{"last_name":"Kolker","vote":"Y"},{"last_name":"Liston","vote":"Y"},{"last_name":"Lundeen","vote":"Y"},{"last_name":"Marchman","vote":"Y"},{"last_name":"Michaelson Jenet","vote":"Y"},{"last_name":"Mullica","vote":"Y"},{"last_name":"Pelton B.","vote":"Y"},{"last_name":"Pelton R.","vote":"Y"},{"last_name":"Rich","vote":"Y"},{"last_name":"Roberts","vote":"Y"},{"last_name":"Rodriguez","vote":"Y"},{"last_name":"Simpson","vote":"Y"},{"last_name":"Snyder","vote":"Y"},{"last_name":"Sullivan","vote":"Y"},{"last_name":"Wallace","vote":"Y"},{"last_name":"Weissman","vote":"Y"},{"last_name":"Winter F.","vote":"Y"},{"last_name":"President","vote":"Y"}]},{"vote_id":"6432","chamber":"SENATE","action":"House Amendments","date":"05/05/2025", "vote_date_time":"05/05/2025 11:13:06 PM","lay_over_date":"", "motion":"REPASS","vote_yes":24,"vote_no":11,"vote_others":0,"vote_result":"Aye: 24 No: 11 Other: 0", "voice_vote":"N","vote_abs":0,"vote_exc":0,"vote_17C":0,"vote_17D":0, "url":"https://www.leg.state.co.us/CLICS/CLICS2025A/cslVotes.nsf/0/E9C859786C88A4A287258C82001CAAA6?OpenDocument","member_votes":[{"last_name":"Amabile","vote":"Y"},{"last_name":"Baisley","vote":"N"},{"last_name":"Ball","vote":"Y"},{"last_name":"Bridges","vote":"Y"},{"last_name":"Bright","vote":"N"},{"last_name":"Carson","vote":"N"},{"last_name":"Catlin","vote":"Y"},{"last_name":"Cutter","vote":"Y"},{"last_name":"Danielson","vote":"Y"},{"last_name":"Daugherty","vote":"Y"},{"last_name":"Exum","vote":"Y"},{"last_name":"Frizell","vote":"Y"},{"last_name":"Gonzales J.","vote":"N"},{"last_name":"Hinrichsen","vote":"Y"},{"last_name":"Jodeh","vote":"Y"},{"last_name":"Kipp","vote":"Y"},{"last_name":"Kirkmeyer","vote":"N"},{"last_name":"Kolker","vote":"N"},{"last_name":"Liston","vote":"N"},{"last_name":"Lundeen","vote":"N"},{"last_name":"Marchman","vote":"N"},{"last_name":"Michaelson Jenet","vote":"Y"},{"last_name":"Mullica","vote":"Y"},{"last_name":"Pelton B.","vote":"N"},{"last_name":"Pelton R.","vote":"Y"},{"last_name":"Rich","vote":"N"},{"last_name":"Roberts","vote":"Y"},{"last_name":"Rodriguez","vote":"Y"},{"last_name":"Simpson","vote":"Y"},{"last_name":"Snyder","vote":"Y"},{"last_name":"Sullivan","vote":"Y"},{"last_name":"Wallace","vote":"Y"},{"last_name":"Weissman","vote":"Y"},{"last_name":"Winter F.","vote":"Y"},{"last_name":"President","vote":"Y"}]},{"vote_id":"971","chamber":"HOUSE","action":"Third Reading","date":"05/02/2025", "vote_date_time":"05/02/2025 11:29:21 AM","lay_over_date":"", "motion":"BILL","vote_yes":45,"vote_no":19,"vote_others":1,"vote_result":"Aye: 45 No: 19 Other: 1", "voice_vote":"N","vote_abs":0,"vote_exc":1,"vote_17C":0,"vote_17D":0, "url":"https://www.leg.state.co.us/CLICS/CLICS2025A/cslVotes.nsf/0/6E52222FC34BA3FF87258C7E00601263?OpenDocument","member_votes":[{"last_name":"Armagost","vote":"N"},{"last_name":"Bacon","vote":"Y"},{"last_name":"Barron","vote":"N"},{"last_name":"Bird","vote":"Y"},{"last_name":"Boesenecker","vote":"Y"},{"last_name":"Bottoms","vote":"N"},{"last_name":"Bradfield","vote":"N"},{"last_name":"Bradley","vote":"N"},{"last_name":"Brooks","vote":"N"},{"last_name":"Brown","vote":"Y"},{"last_name":"Caldwell","vote":"Y"},{"last_name":"Camacho","vote":"Y"},{"last_name":"Carter","vote":"Y"},{"last_name":"Clifford","vote":"Y"},{"last_name":"DeGraaf","vote":"N"},{"last_name":"Duran","vote":"Y"},{"last_name":"English","vote":"E"},{"last_name":"Espenoza","vote":"Y"},{"last_name":"Feret","vote":"Y"},{"last_name":"Froelich","vote":"Y"},{"last_name":"Garcia","vote":"Y"},{"last_name":"Garcia Sander","vote":"Y"},{"last_name":"Gilchrist","vote":"Y"},{"last_name":"Gonzalez R.","vote":"N"},{"last_name":"Hamrick","vote":"Y"},{"last_name":"Hartsook","vote":"N"},{"last_name":"Jackson","vote":"Y"},{"last_name":"Johnson","vote":"N"},{"last_name":"Joseph","vote":"Y"},{"last_name":"Keltie","vote":"N"},{"last_name":"Lieder","vote":"Y"},{"last_name":"Lindsay","vote":"Y"},{"last_name":"Lindstedt","vote":"Y"},{"last_name":"Luck","vote":"N"},{"last_name":"Lukens","vote":"Y"},{"last_name":"Mabrey","vote":"Y"},{"last_name":"Marshall","vote":"N"},{"last_name":"Martinez","vote":"Y"},{"last_name":"Mauro","vote":"Y"},{"last_name":"McCormick","vote":"Y"},{"last_name":"Paschal","vote":"Y"},{"last_name":"Phillips","vote":"Y"},{"last_name":"Pugliese","vote":"N"},{"last_name":"Richardson","vote":"N"},{"last_name":"Ricks","vote":"Y"},{"last_name":"Rutinel","vote":"Y"},{"last_name":"Rydin","vote":"Y"},{"last_name":"Sirota","vote":"Y"},{"last_name":"Smith","vote":"Y"},{"last_name":"Soper","vote":"N"},{"last_name":"Stewart K.","vote":"Y"},{"last_name":"Stewart R.","vote":"Y"},{"last_name":"Story","vote":"Y"},{"last_name":"Suckla","vote":"N"},{"last_name":"Taggart","vote":"Y"},{"last_name":"Titone","vote":"Y"},{"last_name":"Valdez","vote":"Y"},{"last_name":"Velasco","vote":"Y"},{"last_name":"Weinberg","vote":"N"},{"last_name":"Willford","vote":"Y"},{"last_name":"Winter T.","vote":"Y"},{"last_name":"Woodrow","vote":"Y"},{"last_name":"Woog","vote":"N"},{"last_name":"Zokaie","vote":"Y"},{"last_name":"McCluskie","vote":"Y"}]},{"vote_id":"5958","chamber":"SENATE","action":"Third Reading","date":"04/17/2025", "vote_date_time":"04/17/2025 10:16:01 AM","lay_over_date":"", "motion":"BILL","vote_yes":27,"vote_no":8,"vote_others":0,"vote_result":"Aye: 27 No: 8 Other: 0", "voice_vote":"N","vote_abs":0,"vote_exc":0,"vote_17C":0,"vote_17D":0, "url":"https://www.leg.state.co.us/CLICS/CLICS2025A/cslVotes.nsf/0/199E1BE3424FB33C87258C6F00595BF1?OpenDocument","member_votes":[{"last_name":"Amabile","vote":"Y"},{"last_name":"Baisley","vote":"N"},{"last_name":"Ball","vote":"Y"},{"last_name":"Bridges","vote":"Y"},{"last_name":"Bright","vote":"Y"},{"last_name":"Carson","vote":"N"},{"last_name":"Catlin","vote":"Y"},{"last_name":"Cutter","vote":"Y"},{"last_name":"Danielson","vote":"Y"},{"last_name":"Daugherty","vote":"Y"},{"last_name":"Exum","vote":"Y"},{"last_name":"Frizell","vote":"Y"},{"last_name":"Gonzales J.","vote":"N"},{"last_name":"Hinrichsen","vote":"Y"},{"last_name":"Jodeh","vote":"Y"},{"last_name":"Kipp","vote":"Y"},{"last_name":"Kirkmeyer","vote":"N"},{"last_name":"Kolker","vote":"N"},{"last_name":"Liston","vote":"N"},{"last_name":"Lundeen","vote":"Y"},{"last_name":"Marchman","vote":"N"},{"last_name":"Michaelson Jenet","vote":"Y"},{"last_name":"Mullica","vote":"Y"},{"last_name":"Pelton B.","vote":"Y"},{"last_name":"Pelton R.","vote":"Y"},{"last_name":"Rich","vote":"N"},{"last_name":"Roberts","vote":"Y"},{"last_name":"Rodriguez","vote":"Y"},{"last_name":"Simpson","vote":"Y"},{"last_name":"Snyder","vote":"Y"},{"last_name":"Sullivan","vote":"Y"},{"last_name":"Wallace","vote":"Y"},{"last_name":"Weissman","vote":"Y"},{"last_name":"Winter F.","vote":"Y"},{"last_name":"President","vote":"Y"}]}]}