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---
type: "Bill"
title: "Invest State Funds to Benefit Communities"
description: "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."
jurisdiction: "us/states/co"
legislature: "Colorado General Assembly"
session: "2025A"
identifier: "SB 25-167"
citation: "Colorado SB 25-167 (2025A)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Judy Amabile", "Lisa Frizell", "Meghan Lukens", "Shannon Bird"]
version_count: 10
action_count: 16
vote_count: 4
first_action: "2025-02-18T07:00:00+00:00"
last_action: "2025-06-04T06:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/e7fe2b04-b523-4cc0-8a61-1e56c02c9119"
source_url: "https://leg.colorado.gov/bills/sb25-167"
source_hash: "938efe2074748c8105870200ca23e87de504338f3d1dd7ada3a331d4394733ae"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-co"]
---
# Colorado SB 25-167 (2025A) — Invest State Funds to Benefit Communities
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.
## Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
1. **Committee Amendment** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2025a_sb167_h_app_002.pdf)
2. **Engrossed (04/15/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_167_eng.pdf)
3. **Final Act (05/12/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_167_enr.pdf)
4. **Introduced (02/18/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_167_01.pdf)
5. **PA1 (04/02/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_167_s_fin_01.pdf)
6. **PA2 (04/11/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_167_s_fin_app_01.pdf)
7. **Reengrossed (04/17/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_167_ren.pdf)
8. **Rerevised (05/02/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_167_rer.pdf)
9. **Revised (05/01/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2025A/bills/2025a_167_rev.pdf)
10. **Signed Act (06/04/2025)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2025a_167_signed.pdf)
## Votes
- BILL — **278** (pass) · upper
- REPASS — **2411** (pass) · upper
- BILL — **4519** (pass) · lower
- CONCUR — **350** (pass) · upper
## Sponsors
- Judy Amabile — primary (person)
- Lisa Frizell — primary (person)
- Meghan Lukens — primary (person)
- Shannon Bird — primary (person)
- C. Clifford — cosponsor (person)
- C. Kipp — cosponsor (person)
- C. Simpson — cosponsor (person)
- D. Michaelson Jenet — cosponsor (person)
- D. Roberts — cosponsor (person)
- E. Sirota — cosponsor (person)
- J. Bacon — cosponsor (person)
- J. Bridges — cosponsor (person)
- J. Coleman — cosponsor (person)
- J. McCluskie — cosponsor (person)
- J. Phillips — cosponsor (person)
- K. Brown — cosponsor (person)
- K. Mullica — cosponsor (person)
- K. Stewart — cosponsor (person)
- K. Wallace — cosponsor (person)
- L. Cutter — cosponsor (person)
- L. Daugherty — cosponsor (person)
- L. García — cosponsor (person)
- M. Ball — cosponsor (person)
- M. Froelich — cosponsor (person)
- M. Lindsay — cosponsor (person)
- M. Rutinel — cosponsor (person)
- M. Snyder — cosponsor (person)
- N. Hinrichsen — cosponsor (person)
- N. Ricks — cosponsor (person)
- T. Exum — cosponsor (person)
- T. Mauro — cosponsor (person)
- T. Sullivan — cosponsor (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2025-06-04T06:00:00+00:00** Governor Signed `executive-signature`
- **2025-05-12T06:00:00+00:00** Signed by the Speaker of the House
- **2025-05-12T06:00:00+00:00** Sent to the Governor `executive-receipt`
- **2025-05-12T06:00:00+00:00** Signed by the President of the Senate
- **2025-05-05T06:00:00+00:00** Senate Considered House Amendments - Result was to Concur - Repass
- **2025-05-02T06:00:00+00:00** House Third Reading Passed - No Amendments `passage, reading-3`
- **2025-05-01T06:00:00+00:00** House Second Reading Special Order - Passed with Amendments - Floor
- **2025-05-01T06:00:00+00:00** House Committee on Appropriations Refer Unamended to House Committee of the Whole `committee-passage, referral-committee`
- **2025-04-24T06:00:00+00:00** House Committee on Education Refer Unamended to Appropriations `referral-committee`
- **2025-04-22T06:00:00+00:00** Introduced In House - Assigned to Education `introduction`
- **2025-04-17T06:00:00+00:00** Senate Third Reading Passed - No Amendments `passage, reading-3`
- **2025-04-16T06:00:00+00:00** Senate Third Reading Laid Over Daily - No Amendments
- **2025-04-15T06:00:00+00:00** Senate Second Reading Passed with Amendments - Committee, Floor `reading-2`
- **2025-04-11T06:00:00+00:00** Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole `committee-passage, referral-committee`
- **2025-04-01T06:00:00+00:00** Senate Committee on Finance Refer Amended to Appropriations `referral-committee`
- **2025-02-18T07:00:00+00:00** Introduced In Senate - Assigned to Finance `introduction`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e7fe2b04-b523-4cc0-8a61-1e56c02c9119`. Confidence: reported (aggregated from official Colorado legislature records).