republic-os/legislation/us/states/co/2024a/hb-24-1231.md

---
type: "Bill"
title: "State Funding for Higher Education Projects"
description: "The act requires the state treasurer, on behalf of the state, to execute, no later than December 31, 2024, financed purchase of an asset or certificate of participation agreements (financing agreements) to finance capital costs related to the construction of facilities for 4 state institutions of higher education. The financing agreements are to be issued in an aggregate principal amount of up to $246,936,092 plus reasonable and necessary administrative, monitoring, and closing costs and interest, including capitalized interest. The anticipated annual state-funded payments for the principal and interest components due under the financing agreements must not exceed $17,500,000 with principal amortization not occurring before July 1, 2027."
jurisdiction: "us/states/co"
legislature: "Colorado General Assembly"
session: "2024A"
identifier: "HB 24-1231"
citation: "Colorado HB 24-1231 (2024A)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Barbara Kirkmeyer", "Kyle Mullica", "Lindsey Daugherty", "Mary Young"]
version_count: 10
action_count: 16
vote_count: 3
first_action: "2024-02-12T07:00:00+00:00"
last_action: "2024-05-01T06:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/7bc7fa67-0754-46e6-856b-c4a992e74e7c"
source_url: "https://leg.colorado.gov/bills/hb24-1231"
source_hash: "76e9c29045d6c3e0d4a0a3babde55641a0134ec0059c6ab5295ae0b7b5cda15c"
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 HB 24-1231 (2024A) — State Funding for Higher Education Projects

The act requires the state treasurer, on behalf of the state, to execute, no later than December 31, 2024, financed purchase of an asset or certificate of participation agreements (financing agreements) to finance capital costs related to the construction of facilities for 4 state institutions of higher education. The financing agreements are to be issued in an aggregate principal amount of up to $246,936,092 plus reasonable and necessary administrative, monitoring, and closing costs and interest, including capitalized interest. The anticipated annual state-funded payments for the principal and interest components due under the financing agreements must not exceed $17,500,000 with principal amortization not occurring before July 1, 2027.

## 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/2024a_hb1231_s_app_002.pdf)
2. **Engrossed (04/15/2024)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1231_eng.pdf)
3. **Final Act (04/26/2024)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1231_enr.pdf)
4. **Introduced (02/12/2024)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1231_01.pdf)
5. **PA1 (02/29/2024)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1231_h_thl_01.pdf)
6. **PA2 (04/12/2024)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1231_h_thl_app_01.pdf)
7. **Reengrossed (04/17/2024)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1231_ren.pdf)
8. **Rerevised (04/26/2024)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1231_rer.pdf)
9. **Revised (04/25/2024)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1231_rev.pdf)
10. **Signed Act (05/01/2024)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2024a_1231_signed.pdf)

## Votes

- BILL — **33–1** (pass) · upper
- PREV ? — **42–17** (pass) · lower
- BILL — **52–7** (pass) · lower

## Sponsors

- Barbara Kirkmeyer — primary (person)
- Kyle Mullica — primary (person)
- Lindsey Daugherty — primary (person)
- Mary Young — primary (person)

## Timeline

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

- **2024-05-01T06:00:00+00:00** Governor Signed `executive-signature`
- **2024-04-26T06:00:00+00:00** Sent to the Governor `executive-receipt`
- **2024-04-26T06:00:00+00:00** Signed by the President of the Senate
- **2024-04-26T06:00:00+00:00** Signed by the Speaker of the House
- **2024-04-26T06:00:00+00:00** Senate Third Reading Passed - No Amendments `passage, reading-3`
- **2024-04-25T06:00:00+00:00** Senate Second Reading Special Order - Passed - No Amendments
- **2024-04-25T06:00:00+00:00** Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole `committee-passage`
- **2024-04-23T06:00:00+00:00** Senate Committee on Finance Refer Unamended to Appropriations `referral-committee`
- **2024-04-17T06:00:00+00:00** Introduced In Senate - Assigned to Finance `introduction`
- **2024-04-17T06:00:00+00:00** House Third Reading Passed - No Amendments `passage, reading-3`
- **2024-04-16T06:00:00+00:00** House Third Reading Laid Over Daily - No Amendments
- **2024-04-15T06:00:00+00:00** House Second Reading Special Order - Passed with Amendments - Committee
- **2024-04-12T06:00:00+00:00** House Committee on Appropriations Refer Amended to House Committee of the Whole `committee-passage, referral-committee`
- **2024-03-18T06:00:00+00:00** House Committee on Finance Refer Unamended to Appropriations `referral-committee`
- **2024-02-28T07:00:00+00:00** House Committee on Health & Human Services Refer Amended to Finance `referral-committee`
- **2024-02-12T07:00:00+00:00** Introduced In House - Assigned to Health & Human Services + Finance `introduction`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/7bc7fa67-0754-46e6-856b-c4a992e74e7c`. Confidence: reported (aggregated from official Colorado legislature records).