republic-os/legislation/us/states/co/2021a/hb-21-1241.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Employee-owned Business Loan Program Modifications	The act modifies requirements for an existing loan program (program) created to assist transitions of businesses to employee-owned businesses. The act repeals statutory eligibility requirements and requires the office of economic development (office) to establish eligibility criteria for the program. The criteria must include an annual gross revenues limitation for participation in the program for businesses, which amount may be set at up to or less than $50 million. The criteria must also establish requirements for the number of employees who will be offered the option to participate in the employee-ownership opportunity.A loan under the program may be used toward the purchase of the business by the employees. The act repeals requirements related to the size of the loans and how the loans must be held and requires the office to establish requirements for the terms of the loans pursuant to existing statutory requirements.Under the current statute, the program is repealed effective July 1, 2022. The act extends the program through July 1, 2025.(Note: This summary applies to this bill as enacted.)	us/states/co	Colorado General Assembly	2021A	HB 21-1241	Colorado HB 21-1241 (2021A)	bill		enacted	Kevin Priola Lindsey Daugherty Mike Lynch Robert Rodriguez	8	14	2	2021-03-24T06:00:00+00:00	2021-05-21T06:00:00+00:00	openstates	ocd-bill/a1ac455a-1952-466f-a656-15acec61fb15	http://leg.colorado.gov/bills/hb21-1241	40ccf796f051f7142af237cdfca9108473b7bdf75cc4a251ca77642a7d8a4314	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-co

Colorado HB 21-1241 (2021A) — Employee-owned Business Loan Program Modifications

The act modifies requirements for an existing loan program (program) created to assist transitions of businesses to employee-owned businesses. The act repeals statutory eligibility requirements and requires the office of economic development (office) to establish eligibility criteria for the program. The criteria must include an annual gross revenues limitation for participation in the program for businesses, which amount may be set at up to or less than $50 million. The criteria must also establish requirements for the number of employees who will be offered the option to participate in the employee-ownership opportunity.A loan under the program may be used toward the purchase of the business by the employees. The act repeals requirements related to the size of the loans and how the loans must be held and requires the office to establish requirements for the terms of the loans pursuant to existing statutory requirements.Under the current statute, the program is repealed effective July 1, 2022. The act extends the program through July 1, 2025.(Note: This summary applies to this bill as enacted.)

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. Committee Amendment (committee substitute) — source
2. Engrossed (04/15/2021) (committee substitute) — source
3. Final Act (05/11/2021) (committee substitute) — source
4. Introduced (03/24/2021) (committee substitute) — source
5. Reengrossed (04/19/2021) (committee substitute) — source
6. Rerevised (04/30/2021) (committee substitute) — source
7. Revised (04/29/2021) (committee substitute) — source
8. Signed Act (05/21/2021) (committee substitute) — source

Votes

• BILL — 33–2 (pass) · upper
• BILL — 50–13 (pass) · lower

Sponsors

• Kevin Priola — primary (person)
• Lindsey Daugherty — primary (person)
• Mike Lynch — primary (person)
• Robert Rodriguez — primary (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2021-05-21T06:00:00+00:00 Governor Signed executive-signature
• 2021-05-11T06:00:00+00:00 Sent to the Governor executive-receipt
• 2021-05-11T06:00:00+00:00 Signed by the Speaker of the House
• 2021-05-11T06:00:00+00:00 Signed by the President of the Senate
• 2021-04-30T06:00:00+00:00 Senate Third Reading Passed - No Amendments passage, reading-3
• 2021-04-29T06:00:00+00:00 Senate Second Reading Passed - No Amendments reading-2
• 2021-04-26T06:00:00+00:00 Senate Committee on Business, Labor, & Technology Refer Unamended - Consent Calendar to Senate Committee of the Whole committee-passage
• 2021-04-22T06:00:00+00:00 Introduced In Senate - Assigned to Business, Labor, & Technology introduction
• 2021-04-19T06:00:00+00:00 House Third Reading Passed - No Amendments passage, reading-3
• 2021-04-16T06:00:00+00:00 House Third Reading Laid Over Daily - No Amendments
• 2021-04-15T06:00:00+00:00 House Second Reading Passed - No Amendments reading-2
• 2021-04-13T06:00:00+00:00 House Second Reading Laid Over Daily - No Amendments
• 2021-04-08T06:00:00+00:00 House Committee on Business Affairs & Labor Refer Unamended to House Committee of the Whole committee-passage, referral-committee
• 2021-03-24T06:00:00+00:00 Introduced In House - Assigned to Business Affairs & Labor introduction

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/a1ac455a-1952-466f-a656-15acec61fb15. Confidence: reported (aggregated from official Colorado legislature records).