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---
type: "Bill"
title: "Tuition Revenue Pledged By Institution Higher Education"
description: "The act increases, from 10% to 100%, the amount of tuition revenues that a governing board of an institution of higher education or group of institutions of higher education designated as an enterprise may pledge in a contract for the advancement of money. If an institution of higher education issues a revenue bond and the governing board of the institution wants the bond to be an intercept bond, the act raises the amount of the pledged revenue for the new intercept bond from not less than 10% of tuition to not less than 100% of tuition if the institution is an enterprise."
jurisdiction: "us/states/co"
legislature: "Colorado General Assembly"
session: "2022A"
identifier: "SB 22-121"
citation: "Colorado SB 22-121 (2022A)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Barbara McLachlan", "Cleave Simpson", "Janice Rich", "Rachel Zenzinger"]
version_count: 8
action_count: 13
vote_count: 2
first_action: "2022-02-03T07:00:00+00:00"
last_action: "2022-04-07T06:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/3fdb7afe-3561-463f-a714-288d8c573038"
source_url: "https://leg.colorado.gov/bills/sb22-121"
source_hash: "1dc68b24f2e5dbacbee4d587c38450756f7b4f16718d34c64ec2c925a87d6710"
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 22-121 (2022A) — Tuition Revenue Pledged By Institution Higher Education
The act increases, from 10% to 100%, the amount of tuition revenues that a governing board of an institution of higher education or group of institutions of higher education designated as an enterprise may pledge in a contract for the advancement of money. If an institution of higher education issues a revenue bond and the governing board of the institution wants the bond to be an intercept bond, the act raises the amount of the pledged revenue for the new intercept bond from not less than 10% of tuition to not less than 100% of tuition if the institution is an enterprise.
## 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/2022a_sb121_h_ed_001.pdf)
2. **Engrossed (02/23/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2022A/bills/2022a_121_eng.pdf)
3. **Final Act (04/01/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2022A/bills/2022a_121_enr.pdf)
4. **Introduced (02/03/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2022A/bills/2022a_121_01.pdf)
5. **Reengrossed (02/24/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2022A/bills/2022a_121_ren.pdf)
6. **Rerevised (03/25/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2022A/bills/2022a_121_rer.pdf)
7. **Revised (03/22/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2022A/bills/2022a_121_rev.pdf)
8. **Signed Act (04/07/2022)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2022a_121_signed.pdf)
## Votes
- BILL — **321** (pass) · upper
- BILL — **556** (pass) · lower
## Sponsors
- Barbara McLachlan — primary (person)
- Cleave Simpson — primary (person)
- Janice Rich — primary (person)
- Rachel Zenzinger — primary (person)
## Timeline
The legislative action history — every referral, reading, and vote.
- **2022-04-07T06:00:00+00:00** Governor Signed `executive-signature`
- **2022-04-01T06:00:00+00:00** Sent to the Governor `executive-receipt`
- **2022-04-01T06:00:00+00:00** Signed by the Speaker of the House
- **2022-03-30T06:00:00+00:00** Signed by the President of the Senate
- **2022-03-25T06:00:00+00:00** House Third Reading Passed - No Amendments `passage, reading-3`
- **2022-03-23T06:00:00+00:00** House Third Reading Laid Over Daily - No Amendments
- **2022-03-22T06:00:00+00:00** House Second Reading Passed - No Amendments `reading-2`
- **2022-03-17T06:00:00+00:00** House Committee on Education Refer Unamended to House Committee of the Whole `committee-passage, referral-committee`
- **2022-02-24T07:00:00+00:00** Introduced In House - Assigned to Education `introduction`
- **2022-02-24T07:00:00+00:00** Senate Third Reading Passed - No Amendments `passage, reading-3`
- **2022-02-23T07:00:00+00:00** Senate Second Reading Passed - No Amendments `reading-2`
- **2022-02-17T07:00:00+00:00** Senate Committee on Education Refer Unamended - Consent Calendar to Senate Committee of the Whole `committee-passage`
- **2022-02-03T07:00:00+00:00** Introduced In Senate - Assigned to Education `introduction`
## Source
OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/3fdb7afe-3561-463f-a714-288d8c573038`. Confidence: reported (aggregated from official Colorado legislature records).