republic-os/legislation/us/states/co/2024a/hb-24-1232.md

---
type: "Bill"
title: "Uniform Special Deposits Act"
description: "The act enacts the \"Uniform Special Deposits Act\" as drafted by the Uniform Law Commission, which addresses deposits at a bank where the identity of the person entitled to payment is not determined until the occurrence of a contingency identified at the time that the deposit is created. Concerns have arisen about such \"special deposits\" that may undermine the use of special deposits as a useful vehicle to hold funds that may be paid in the future to one or more persons depending on the resolution of one or more specified contingencies. The act addresses these concerns by reducing legal uncertainties related to the attributes that make a deposit \"special\" and the rights of the parties interested in the special deposit, their respective creditors, and the bank holding the special deposit prior to the resolution of the contingency."
jurisdiction: "us/states/co"
legislature: "Colorado General Assembly"
session: "2024A"
identifier: "HB 24-1232"
citation: "Colorado HB 24-1232 (2024A)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Bob Gardner", "Marc Snyder"]
version_count: 8
action_count: 13
vote_count: 2
first_action: "2024-02-12T07:00:00+00:00"
last_action: "2024-05-17T06:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/340d147a-1e99-4b53-81e2-d9e760e63757"
source_url: "https://leg.colorado.gov/bills/hb24-1232"
source_hash: "7cf171d59c733df60444960d43ae67a6386316cb43c5f68e7cbf5e133aaf7813"
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 24-1232 (2024A) — Uniform Special Deposits Act

The act enacts the "Uniform Special Deposits Act" as drafted by the Uniform Law Commission, which addresses deposits at a bank where the identity of the person entitled to payment is not determined until the occurrence of a contingency identified at the time that the deposit is created. Concerns have arisen about such "special deposits" that may undermine the use of special deposits as a useful vehicle to hold funds that may be paid in the future to one or more persons depending on the resolution of one or more specified contingencies. The act addresses these concerns by reducing legal uncertainties related to the attributes that make a deposit "special" and the rights of the parties interested in the special deposit, their respective creditors, and the bank holding the special deposit prior to the resolution of the contingency.

## 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_hb1232_s_jud_001.pdf)
2. **Engrossed (04/11/2024)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1232_eng.pdf)
3. **Final Act (05/02/2024)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1232_enr.pdf)
4. **Introduced (02/12/2024)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1232_01.pdf)
5. **Reengrossed (04/14/2024)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1232_ren.pdf)
6. **Rerevised (04/23/2024)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1232_rer.pdf)
7. **Revised (04/22/2024)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/documents/2024A/bills/2024a_1232_rev.pdf)
8. **Signed Act (05/17/2024)** (committee substitute) — [source](https://leg.colorado.gov/sites/default/files/2024a_1232_signed.pdf)

## Votes

- BILL — **33–0** (pass) · upper
- BILL — **53–8** (pass) · lower

## Sponsors

- Bob Gardner — primary (person)
- Marc Snyder — primary (person)

## Timeline

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

- **2024-05-17T06:00:00+00:00** Governor Signed `executive-signature`
- **2024-05-03T06:00:00+00:00** Sent to the Governor `executive-receipt`
- **2024-05-02T06:00:00+00:00** Signed by the President of the Senate
- **2024-05-02T06:00:00+00:00** Signed by the Speaker of the House
- **2024-04-23T06:00:00+00:00** Senate Third Reading Passed - No Amendments `passage, reading-3`
- **2024-04-22T06:00:00+00:00** Senate Second Reading Passed - No Amendments `reading-2`
- **2024-04-17T06:00:00+00:00** Senate Committee on Judiciary Refer Unamended to Senate Committee of the Whole `committee-passage, referral-committee`
- **2024-04-15T06:00:00+00:00** Introduced In Senate - Assigned to Judiciary `introduction`
- **2024-04-14T06:00:00+00:00** House Third Reading Passed - No Amendments `passage, reading-3`
- **2024-04-12T06:00:00+00:00** House Third Reading Laid Over to 04/14/2024 - No Amendments
- **2024-04-11T06:00:00+00:00** House Second Reading Special Order - Passed - No Amendments
- **2024-04-08T06:00:00+00:00** House Committee on Finance Refer Unamended to House Committee of the Whole `committee-passage, referral-committee`
- **2024-02-12T07:00:00+00:00** Introduced In House - 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/340d147a-1e99-4b53-81e2-d9e760e63757`. Confidence: reported (aggregated from official Colorado legislature records).