Colorado 2026 Regular Session Status: Enacted 11 D cosponsors

SB 178 — Health Insurance Affordability Measures

Last action — Governor Signed

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed House
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced April 23, 2026. Enacted.

Signed by Governor Jared Polis (Democratic) on June 02, 2026.

Prognosis

Likely to advance 82% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 33 sponsors

    4 primary, 29 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (11 D).

  • Cleared a recorded vote

    Passed 10 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

The bill allows for increased funding and adjustments in health insurance affordability programs.

This legislation enables the health insurance affordability enterprise to issue revenue bonds and manage funds for health insurance programs. It also modifies premium requirements and directs the evaluation of insurance affordability strategies.

What this means for you
  • Families: Families eligible for state-subsidized health coverage may face adjusted premium amounts as per new rules.
  • Consumers: Consumers may see changes in the affordability and enrollment processes for health insurance plans.

Summary

The act:Authorizes the health insurance affordability enterprise (enterprise), on or after January 1, 2027, to issue revenue bonds of up to $100 million to fund enterprise programs, secured by the enterprise's revenues, and require the enterprise to pay bond obligations before allocating revenues for enterprise programs;Allows the enterprise to invest specified money in the health insurance affordability cash fund (cash fund) without regard to otherwise applicable requirements for such investments and to contract with private professional fund managers to advise on investment strategies;Modifies the allocation of enterprise revenue among authorized purposes and allows the enterprise to reallocate unexpended amounts for specified purposes;Directs the enterprise to require qualified individuals who are enrolled in state-subsidized individual health coverage plans eligible for subsidies from the enterprise to pay premiums established in rules adopted by the commissioner, in consultation with the health insurance affordability board (board);Requires the enterprise to adjust the statewide average premium reduction under the reinsurance program to 18% and to reduce the amount of bonds issued to account for the reduced costs for the reinsurance program;Directs the board, in recommending parameters for implementing subsidies for state-subsidized individual health coverage plans, to recommend coverage that prioritizes enrollment stability and customer predictability; when seeking input on its recommendations regarding plans, coverage, and the number of eligible slots, to enable feedback in at least English and Spanish and in other languages upon request; and to indicate how it incorporated such feedback into its final recommendations;Directs the enterprise to conduct or contract a third party to conduct a study to evaluate the feasibility of restructuring the enterprise programs to increase health insurance affordability and maximize enrollment in health insurance plans;Requires the enterprise to submit 3 written reports and make one in-person presentation to the joint budget committee each year regarding the status of the cash fund and, as part of its in-person presentation in January 2027, to provide an analysis of the effects of changing the statewide average premium reduction under the reinsurance program to 15% and of creating a tiered, income-based, structure for premium assistance for individuals who purchase insurance on the Colorado health benefit exchange (exchange);Repeals the tax credit for contributions to the exchange and replaces it with a tax credit for contributions to the enterprise; andDirects the state treasurer to transfer $40 million from the marijuana tax cash fund to the cash fund by June 30, 2026, reduces to $60 million the designation of money in the marijuana tax cash fund as the state emergency reserve for the 2025-26 and 2026-27 state fiscal years, and increases by $40 million the value of the capitol annex building for purposes of the state emergency reserve for the 2025-26 and 2026-27 state fiscal years.(Note: This summary applies to this bill as enacted.)

Bill Text

What changed in the latest version

602 added · 700 removed

Plain-language change summary

The recent amendments to Senate Bill 178 clarify and expand definitions related to health insurance affordability measures in Colorado. New terms such as "bond" and "bond obligations" have been added to better outline financial aspects tied to these health initiatives. This clarification is significant as it helps ensure transparency regarding funding and financial responsibilities, ultimately aiding lawmakers and stakeholders in understanding how to effectively address health insurance costs for residents.

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Second Regular Session Seventy-fifth General Assembly STATE OF COLORADO REREVISED This Version Includes All Amendments Adopted in the Second House LLS NO.
SENATE BILL 26-178 BYSENATOR(S)MullicaandJodeh,Cutter,Danielson,Daugherty,Exum, Gonzales J., Kipp, Lindstedt, Marchman, Roberts;
26-0619.04 Christy Chase x2008 SENATE BILL 26-178 SENATE SPONSORSHIP Mullica and Jodeh, Cutter, Danielson, Daugherty, Exum, Gonzales J., Kipp, Lindstedt, Marchman, Roberts HOUSE SPONSORSHIP Brown and Gilchrist, Bacon, Boesenecker, Camacho, Clifford, Froelich, Hamrick, Jackson,Lindsay,Lukens,McCluskie,McCormick,Nguyen,Paschal,Ricks,Rutinel,Rydin, Sirota, Smith, Stewart K., Zokaie d d e 6 a 0 S n , U g 1 H d y e a Senate Committees House Committees R M Finance Appropriations 3 Appropriations A BILL FOR AN ACT e n 6 C ONCERNINGMEASURESTOADDRESSTHEAFFORDABILITYOFHEALTH E m 2 U n 1 INSURANCE .
also REPRESENTATIVE(S) Brown and Gilchrist, Bacon, Boesenecker, Camacho, Clifford, Froelich, Hamrick, Jackson, Lindsay, Lukens, McCormick,Nguyen,Paschal,Ricks,Rutinel,Rydin,Sirota,Smith,Stewart K., Zokaie, McCluskie.
O g 1 H i a a M Bill Summary R n (Note:
C ONCERNING MEASURES TO ADDRESS THE AFFORDABILITY OF HEALTH INSURANCE .
This summary applies to this bill as introduced and does notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill g d passes third reading in the house of introduction, a bill summary that e 6 applies to the reengrossed version of this bill will be available at T R 0 A r , http://leg.colorado.gov.) E 3 y S e a n M Sections 1 through 8 of the bill modify the "Health Insurance m Affordability Act" to:
A ! Authorize the Colorado health insurance affordability enterprise (enterprise) to impose a one-time supplemental n assessment, allocated equally among health insurance d companies that meet specified criteria;
e 6 T R 0 A n , E d y Shading denotes HOUSE amendment.
Double underlining denotes SENATE amendment.
S e a Capital letters or bold & italic numbers indicate new material to be added to existing law.n M Dashes through the words or numbers indicate deletions from existing law.
m A ! Allowtheenterprisetoinvestspecifiedmoneyinthehealth insurance affordability cash fund (cash fund) without regard to otherwise applicable requirements for such investments and to contract with private professional fund managers to advise on investment strategies;
! Modify the allocation of enterprise revenue among authorized purposes and allow the enterprise to reallocate unexpended amounts for specified purposes;
! Authorizea25-yearloanfromtheunclaimedpropertytrust fund (trust fund) to the cash fund;
! Direct the health insurance affordability board, in recommending parameters for implementing subsidies for state-subsidized individual health coverage plans, to recommend coverage that prioritizes enrollment stability and customer predictability;
when seeking input on its recommendations regarding plans, coverage, and the number of eligible slots, to enable feedback in at least English and Spanish and in other languages upon request;
and to indicate how it incorporated such feedback into its final recommendations;
and ! Direct the enterprise to conduct or contract a third party to conduct a study to evaluate the feasibility of restructuring the enterprise programs to increase health insurance affordabilityand maximize enrollment in health insurance plans.
Section 9 directs the state treasurer to enter into a loan agreement with the enterprise authorizing an interest-bearing loan of $100 million from the trust fund to the cash fund, with required full repayment of the loan no later than 25 years after the date of the loan.
Sections 10 and 11 expand the tax credits for contributions to the Coloradohealthbenefitexchange(exchange)toalsoallowtaxcreditsfor contributions to the enterprise and, of the $9 million available for the tax credits,allocate$5milliontoqualifiedtaxpayersthatmakecontributions to the exchange and $4 million to qualified taxpayers that make contributions to the enterprise.
SECTION 1.
SECTION1.
In Colorado Revised Statutes, 10-16-1203, add (1.3) and (1.5) as follows:
InColoradoRevised Statutes, 10-16-1203, add(1.3) and (1.5) as follows:
-2- 178 As used in this part 12, unless the context otherwise requires:
As used in this part 12, unless the context otherwise requires:
3 (1.3) "B OND" MEANS ANY BOND ,NOTE ,INTERIM CERTIFICATE, COMMERCIAL PAPER ,CONTRACT ,OR OTHER EVIDENCE OF INDEBTEDNESS OF THE ENTERPRISE AUTHORIZED BY THIS PART12.
(1.3) "B OND " MEANS ANY BOND , NOTE, INTERIM CERTIFICATE , COMMERCIALPAPER ,CONTRACT ,OROTHEREVIDENCEOFINDEBTEDNESSOF ________ Capital letters or bold & italic numbers indicate new material added to existing law;
(1.5) "BOND OBLIGATIONS " MEANS THE DEBT SERVICE ON ,AND RELATED COSTS AND OBLIGATIONS IN CONNECTION WITH ,BONDS , INCLUDING :
dashes through words or numbers indicate deletions from existing law and such material is not part of the act.
(a) P AYMENTS WITH RESPECT TO PRINCIPAL , INTEREST, PREPAYMENT PREMIUMS , RESERVE FUNDS , SURPLUS FUNDS , SINKING FUNDS ,AND COSTS OF ISSUANCE;
THE ENTERPRISE AUTHORIZED BY THIS PART 12.
(b) PAYMENTSRELATEDTOANYCREDITENHANCEMENT ,LIQUIDITY SUPPORT ,OR INTEREST RATE PROTECTION FOR BONDS;
(1.5) "B OND OBLIGATIONS "MEANS THE DEBT SERVICE ON , AND RELATED COSTS AND OBLIGATIONS IN CONNECTION WITH , BONDS , INCLUDING :
(c) F EES AND EXPENSES OF ANY TRUSTEE ,BOND REGISTRAR , PAYING AGENT , AUTHENTICATING AGENT , REBATE ANALYST OR CONSULTANT ,CALCULATION AGENT ,REMARKETING AGENT , OR CREDIT ENHANCEMENT ,LIQUIDITY SUPPORT ,OR INTEREST RATE PROTECTION PROVIDER ;
(a) PAYMENTSWITHRESPECTTOPRINCIPAL INTEREST ,PREPAYMENT PREMIUMS ,RESERVEFUNDS ,SURPLUSFUNDS ,SINKINGFUNDS ANDCOSTSOF ISSUANCE ;
(d) C OVERAGE REQUIREMENTS ;AND (e) O THER COSTS,FEES,AND EXPENSES RELATED TO ANY OF THE OBLIGATIONS SPECIFIED IN SUBSECTIONS (1.5)(aTO (1.5)(d)OF THIS SECTION AND ANY OTHER AMOUNTS REQUIRED TO BE PAID PURSUANT TO THEPROVISIONSOFANYDOCUMENTSAUTHORIZINGTHEISSUANCEOFTHE BONDS .
(b) PAYMENTS RELATED TO ANY CREDIT ENHANCEMENT ,LIQUIDITY SUPPORT ,OR INTEREST RATE PROTECTION FOR BONDS ;
SECTION2.
(c) FEESANDEXPENSESOFANYTRUSTEE ,BONDREGISTRAR ,PAYING AGENT , AUTHENTICATING AGENT , REBATE ANALYST OR CONSULTANT , CALCULATION AGENT ,REMARKETING AGENT ,OR CREDIT ENHANCEMENT , LIQUIDITY SUPPORT ,OR INTEREST RATE PROTECTION PROVIDER ;
In Colorado RevisedStatutes,10-16-1204,amend (2)(d), (2)(f), and (2)(g);
(d) C OVERAGE REQUIREMENTS ;AND (e) O THER COSTS ,FEES, AND EXPENSES RELATED TO ANY OF THE OBLIGATIONS SPECIFIED IN SUBSECTIONS (1.5)(a)TO (1.5)(d)OF THIS SECTIONANDANYOTHERAMOUNTSREQUIREDTOBEPAIDPURSUANTTOTHE PROVISIONS OF ANY DOCUMENTS AUTHORIZING THE ISSUANCE OF THE BONDS .
and a(2)(h) as follows:
SECTION 2.
In Colorado Revised Statutes, 10-16-1204, amend (2)(d), (2)(f), and (2)(g);
and add (2)(h) as follows:
Health insurance affordability enterprise - -3- 178 creation - powers and duties - assess and allocate enterprise fees and assessments.
Healthinsuranceaffordabilityenterprise-creation - powers and duties - assess and allocate enterprise fees and assessments.
4 (2) The enterprise's primary powers and duties are:
(2) The enterprise's primary powers and duties are:
6 (d) ToissuerevenuebondspayablefromtherevenuesANDOTHER AVAILABLE MONEY of the enterpriPLEDGED FOR THEIR PAYMENT AS AUTHORIZED IN SECTION10-16-1213;
(d) To issue revenue bonds payable from the revenuesD OTHER AVAILABLE MONEY of the enterprisPLEDGED FOR THEIR PAYMENT AS AUTHORIZED IN SECTION 10-16-1213;
(f) To engage in outreach and related efforts to increase enrollment in health benefit plans across the state;
(f) To engage in outreach and related efforts to increase enrollment PAGE 2-SENATE BILL 26-178 in health benefit plans across the state;
and (g) To adopt and amend or repealpoliciesfortheregulationof its affairs and the conduct of its business consistent with ANDs part 12;
and (g) To adopt and amend or repeal policies for the regulation of its affairs and the conduct of its business consistent with this part 12;
(h) (I) T INVEST MONEY IN THE FUN,OTHER THAN PROCEEDS FROM THE SALE OF BONDS OR EARNINGS ON SUCH PROCEEDS INVESTED PURSUANT TO SECTION 10-16-1213 (2),WITHOUT REGARD TO THE LIMITATIONS SET FORTH IN SECTION 24-36-103, 24-75-601.1,OR 24-75-603.
(h)(I) TOINVESTMONEYINTHEFUND ,OTHERTHANPROCEEDSFROM THE SALE OFBONDS OR EARNINGS ON SUCH PROCEEDS INVESTED PURSUANT TO SECTION 10-16-1213 (2),WITHOUT REGARD TO THE LIMITATIONS SET FORTH IN SECTION 24-36-103, 24-75-601.1OR 24-75-603.
(II) FR PURPOSES OF INVESTING THE MONEY IN THE FUN,THE ENTERPRISE MAY ENTER INTO CONTRACTS WITH PRIVATE PROFESSIONAL FUND MANAGERS TO PROVIDE EXPERTISE ,TECHNICAL SUPPORT , AND ADVICEONINVESTMENTMARKETCONDITIONS .NSEEKINGBIDSFORSUCH CONTRACTS ,THE ENTERPRISE SHALLEMPLOYSTANDARDPUBLICBIDDING PRACTICES, INCLUDING THE USE OF REQUESTS FOR INFORMATION , REQUESTSFORPROPOSALS ORANYOTHERSTANDARDVENDORSELECTION PRACTICES DETERMINED BY THE ENTERPRISE TO BE BEST SUITED FOR SELECTING AN APPROPRIATE PRIVATE PROFESSIONAL FUND MANAGER.
(II) FOR PURPOSES OF INVESTING THE MONEY IN THE FUND , THE ENTERPRISE MAY ENTER INTO CONTRACTS WITH PRIVATE PROFESSIONAL FUNDMANAGERSTOPROVIDEEXPERTISE ,TECHNICALSUPPORT ,ANDADVICE ON INVESTMENT MARKET CONDITIONS .
-4- 178 SECTION3.
N SEEKING BIDS FOR SUCH CONTRACTS ,THE ENTERPRISE SHALL EMPLOY STANDARD PUBLIC BIDDING PRACTICES INCLUDINGTHEUSEOFREQUESTSFORINFORMATION ,REQUESTS FOR PROPOSALS ,OR ANY OTHER STANDARD VENDOR SELECTION PRACTICES DETERMINED BY THE ENTERPRISE TO BE BEST SUITED FOR SELECTING AN APPROPRIATE PRIVATE PROFESSIONAL FUND MANAGER .
In Colorado RevisedStatutes,10-16-1205,amend (2)(d)(I) introductory portion;
SECTION 3.
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repeal (2)(e)(III);
In Colorado Revised Statutes, 10-16-1205, amend (2)(d)(I)introductoryportion;repeal (2)(e)(III);
and add (2)(f) as follows:
and add (2)(f)asfollows:
Health insurance affordability fee -special assessment on hospitals - allocation of revenues.
Health insurance affordability fee - special assessment on hospitals - allocation of revenues.
7 (2)(d)(I) Exceptasprovidedin subsections (2)(d)(IV) and(2)(e) ofthissection,theenterpriseshallallocatetherevenuescollectedin2023 and each year thereafTHROUGH 2026, and anyother moneydeposited in the fund in 2023 and each year thereafterOUGH 2026, in the following amounts and order of priority:
(2)(d)(I) Exceptasprovidedinsubsections(2)(d)(IV)and(2)(e)of thissection,theenterpriseshallallocatetherevenuescollectedin2023and each year thereaftTHROUGH 2026, and any other money deposited in the fund in 2023 and each year thereafterHROUGH 2026, in the following amounts and order of priority:
(e) (III) This subsection (2)(e) takes effect on January 1, 2026, only if the condition specified in section 10-16-1209 (1) occurs.
(e)(III) This subsection (2)(e) takes effect on January1, 2026, only if the condition specified in section 10-16-1209 (1) occurs.
(f) (I) T HE ENTERPRISE SHALL ALLOCATE AT LEAST THE FOLLOWINGREVENUESASSESSEDFORTHE 2027CALENDARYEARANDFOR EACH CALENDAR YEAR THEREAFTER ,THE PROCEEDSFROMTHE ISSUANCE OF REVENUE BONDS PURSUANT TO SECTION 10-16-1213,THE MONEY TRANSFERRED TO THE FUND PURSUANT TO SECTION10-16-1206(6),AND ANYOTHERMONEYDEPOSITEDINTHEFUNDFORALLOCATIONINTHE 2027 CALENDARYEARANDINEACHCALENDARYEARTHEREAFTERASFOLLOWS :
(f) (I) HE ENTERPRISE SHALLALLOCATE AT LEAST THE FOLLOWING REVENUES ASSESSED FOR THE 2027 CALENDAR YEAR AND FOR EACH CALENDAR YEAR THEREAFTER ,THE PROCEEDS FROM THE ISSUANCE OF REVENUE BONDS PURSUANT TO SECTION 10-16-1213, THE MONEY TRANSFERRED TO THE FUND PURSUANT TO SECTION 10-16-1206 (6),AND PAGE 3-SENATE BILL 26-178 ANY OTHER MONEY DEPOSITED IN THE FUND FOR ALLOCATION IN THE 2027 CALENDAR YEAR AND IN EACH CALENDAR YEAR THEREAFTER AS FOLLOWS :
(A) FIRST,AT LEAST TWENTY PERCENT FOR SUBSIDIES FOR STATE-SUBSIDIZEDINDIVIDUALHEALTHCOVERAGEPLANSPURCHASEDBY QUALIFIED INDIVIDUALS WHO PAY A PREMIUM FOR SUCH PLANS ,AS SPECIFIED IN RULES ADOPTED PURSUANT TO SECTI10-16-1215;
(A) FIRST, AT LEAST TWENTY PERCENT FOR SUBSIDIES FOR STATE SUBSIDIZED INDIVIDUAL HEALTH COVERAGE PLANS PURCHASED BY QUALIFIEDINDIVIDUALSWHOPAYAPREMIUMFORSUCHPLANS ASSPECIFIED IN RULES ADOPTED PURSUANT TO SECTION 10-16-1215;
(B) S ECOND, AT LEAST FIFTY PERCENT TO THE REINSURANCE PROGRAM CASH FUND ;
(B) S ECOND ,AT LEAST FIFTY PERCENT TO THE REINSURANCE PROGRAM CASH FUND ;
(C) T HIRD,AT LEAST TWENTY -FIVE PERCENT TO REDUCE THE -5- 178 COSTS OF INDIVIDUAL HEALTH BENEFIT PLANS FOR INDIVIDUALS WHO PURCHASE AN INDIVIDUAL HEALTH BENEFIT PLAN ON THE EXCHANG;
(C) THIRD ,AT LEAST TWENTY FIVE PERCENT TO REDUCE THE COSTS OFINDIVIDUALHEALTHBENEFITPLANSFORINDIVIDUALSWHOPURCHASEAN INDIVIDUAL HEALTH BENEFIT PLAN ON THE EXCHANGE ;
(D) FOURTH,UPTOTHREEPERCENTFORACTUALADMINISTRATIVE COSTS AS SET FORTH IN SUBSECTIO(1)(b)(IVOF THIS SECTI;AND (E) FIFTH,THE ACTUAL COSTS OF ENSURING COMPLIANCE WITH THE FEDERAL HYDE AMENDMENT OR A SIMILAR AMENDMENT .
(D) F OURTH ,UP TO THREE PERCENT FOR ACTUAL ADMINISTRATIVE COSTS AS SET FORTH IN SUBSECTION(1)(b)(IV)OF THIS SECTIO;
(II) TEENTERPRISESHALLALLOCATEANYAMOUNTOFREVENUES REMAINING AFTER ALLOCATING REVENUES PURSUANT TO SUBSECTION (2)(f)(I)THIS SECTIONANDAFTERANY REDUCTION IN THE AMOUNT OF BONDSISSUEDPURSUANTTOSECTION 10-16-1213(1)(a)RELATEDTOTHE ADJUSTMENT IN THE STATEWIDE AVERAGE PREMIUM REDUCTION IN THE REINSURANCE PROGRAM TO MEET THE FOLLOWING OBJECTIVES:
AND (E) FIFTH,THE ACTUAL COSTS OFENSURING COMPLIANCE WITH THE FEDERAL H YDE AMENDMENT OR A SIMILAR AMENDMENT .
(A) TO ATTAIN A STATEWIDE AVERAGE PREMIUM REDUCTION IN THE REINSURANCE PROGRAM OF EIGHTEEN PERCENT ,PROVIDE PREMIUM ASSISTANCE FOR INDIVIDUALS WHO PURCHASE INSURANCE ON THE EXCHANGEATTHESAMELEVELOFPREMIUMASSISTANCEPROVIDEDINTHE 2026 CALENDAR YEAR , AND PROVIDE COVERAGE FOR QUALIFIED INDIVIDUALS AT THE ENROLLMENT LEVEL ACHIEVED IN THE 2026 CALENDAR YEAR ;AND (B) T O SUPPORT ADDITIONAL AFFORDABILITY EFFORTS TO MAINTAIN OR INCREASE COVERAGE IN THE INDIVIDUAL MARKE.
(II) THE ENTERPRISE SHALL ALLOCATE ANY AMOUNT OF REVENUES REMAINING AFTER ALLOCATING REVENUES PURSUANT TO SUBSECTION (2)(f)(IOF THIS SECTION AND AFTER ANY REDUCTION IN THE AMOUNT OF BONDS ISSUED PURSUANT TO SECTION 10-16-1213 (1)(aRELATED TO THE ADJUSTMENT IN THE STATEWIDE AVERAGE PREMIUM REDUCTION IN THE REINSURANCE PROGRAM TO MEET THE FOLLOWING OBJECTIVES :
(III) IANY CALENDAR YEAR ,AFTER MAKING THE ALLOCATIONS SPECIFIED IN SUBSECTION(2)(f)(IAND (2)(f)(IOF THIS SECTION,IF THERE IS MONEY REMAINING IN THE FUND ON A UGUST 1 OF THAT CALENDARYEAR ,THEENTERPRISEMAYREALLOCATEANYAMOUNTOFTHE REVENUES COLLECTED AND ALLOCATED PURSUANT TO SUBSECTION (2)(f)(I) (2)(f)(IOF THIS SECTION THAT HAVE NOT BEEN EXPENDED -6- 178 ON OR BEFORE A UGUST 1 OF THAT CALENDAR YEAR FOR ANY OTHER PURPOSESPECIFIEDINSUBSECTION (2)(f)(OR (2)(f)(IOFTHISSECTION EXCEPT THE ADMINISTRATIVE COSTS DESCRIBED IN SUBSECTION (2)(f)(I)(D) THIS SECTIO.
(A) TOATTAINASTATEWIDEAVERAGEPREMIUMREDUCTIONINTHE REINSURANCE PROGRAM OF EIGHTEEN PERCENT , PROVIDE PREMIUM ASSISTANCE FOR INDIVIDUALS WHO PURCHASE INSURANCE ON THE EXCHANGE AT THE SAME LEVEL OF PREMIUM ASSISTANCE PROVIDED IN THE CALENDAR YEAR , AND PROVIDE COVERAGE FOR QUALIFIED INDIVIDUALSATTHEENROLLMENTLEVELACHIEVEDINTHE 2026 CALENDAR YEAR ;AND (B) TOSUPPORTADDITIONALAFFORDABILITYEFFORTSTOMAINTAIN OR INCREASE COVERAGE IN THE INDIVIDUAL MARKET .
SECTION4.
(III) I ANY CALENDAR YEAR ,AFTER MAKING THE ALLOCATIONS PAGE 4-SENATE BILL 26-178 SPECIFIEDINSUBSECTIONS (2)(f)(IAND (2)(f)(IOFTHISSECTION ,IFTHERE ISMONEYREMAININGINTHEFUNDON A UGUST 1 OFTHAT CALENDARYEAR , THE ENTERPRISE MAY REALLOCATE ANY AMOUNT OF THE REVENUES COLLECTED AND ALLOCATED PURSUANT TO SUBSECTION (2)(f)(I)OR (2)(f)(IOF THIS SECTION THAT HAVE NOT BEEN EXPENDED ON OR BEFORE A UGUST 1OFTHAT CALENDARYEARFORANYOTHERPURPOSE SPECIFIED IN SUBSECTION (2)(f)(I)OR (2)(f)(IIOF THIS SECTION EXCEPT THE ADMINISTRATIVE COSTS DESCRIBED IN SUBSECTION (2)(f)(I)(DOF THIS SECTION .
In Colorado RevisedStatutes,10-16-1206,amend (1)(d) and (2);
SECTION 4.
In Colorado Revised Statutes, 10-16-1206, amend (1)(d) and (2);
Health insurance affordability cash fund - creation - repeal.
Health insurance affordability cashfund-creation - repeal.
(d) The revenueROCEEDS collected from revenue bonds issued pursuant to section 10-16-1204 (1)(SECTION10-16-1213 AND ANY EARNINGS ON THE INVESTMENT OF BOND PROCEEDS INVESTED PURSUANT TO SECTION10-16-1213 (2);
(d) The revenue PROCEEDS collected from revenue bonds issued pursuant to section 10-16-1204 (1)(b)(II)TION 10-16-1213 AND ANY EARNINGSONTHEINVESTMENTOFBONDPROCEEDSINVESTEDPURSUANTTO SECTION 10-16-1213 (2);
(2) (a) Money in the fund shall not be transferred to any other fund, except as provided in section 10-16-1205 (2), and shallnot be used for any purpose other than the purposes specified in this part 12.
(2) (a) Moneyin the fund shall not be transferred to anyother fund, except as provided in section 10-16-1205 (2), and shall not be used for any purpose other than the purposes specified in this part 12.
(b) BEFOREALLOCATINGANYMONEYINTHEFUNDFORPROGRAMS FUNDEDBYTHEENTERPRISEPURSUANTTOTHISPART 12,THEENTERPRISE SHALL FIRST PAY FOR BOND OBLIGATIONS ON REVENUE BONDS ISSUED PURSUANT TO SECTION 10-16-1213.
(b) BEFORE ALLOCATING ANY MONEY IN THE FUND FOR PROGRAMS FUNDED BY THE ENTERPRISE PURSUANT TO THIS PART 12,THE ENTERPRISE SHALL FIRST PAY FOR BOND OBLIGATIONS ON REVENUE BONDS ISSUED PURSUANT TO SECTION 10-16-1213.
(6) BY JUNE 30, 2026THE STATE TREASURER SHALL TRANSFER FORTYMILLIONDOLLARSFROMTHEMARIJUANATAXCASHFUNDCREATED IN SECTION39-28.8-501TO THE FUN.
(6) B Y JUNE 30, 2026, THE STATE TREASURER SHALL TRANSFER FORTY MILLION DOLLARS FROM THE MARIJUANA TAX CASH FUND CREATED IN SECTION39-28.8-501 TO THE FUND.
SECTION5.
SECTION 5.
In Colorado RevisedStatutes,10-16-1207,amend (4.5);
In Colorado Revised Statutes, 10-16-1207, amend (4.5);
10-16-1207.
PAGE 5-SENATE BILL 26-178 10-16-1207.
Health insurance affordability board - creation - -7- 178 membership - powers and duties - subject to open meetings and public records laws - annual report - commissioner rules.
Health insurance affordability board - creation - membership - powers and duties - subject to open meetingsand public records laws - annual report - commissioner rules.
5 (c.5) Further recommend, for approval and establishment by the commissioner by rule, additional parameters for implementing the subsidiesforstate-subsidizedindividualhealthcoverageplansauthorized by this part 12, including that the coverage required pursuant to state-subsidized individual health coverage plans must:
(c.5) Further recommend, for approval and establishment by the commissionerbyrule,additionalparametersforimplementingthesubsidies forstate-subsidizedindividualhealthcoverageplansauthorizedbythispart 12, including that the coverage required pursuant to state-subsidized individual health coverage plans must:
(I.5) PRIORITIZE ENROLLMENT STABILITY AND CUSTOMER PREDICTABILITY;
(I.5) PRIORITIZE ENROLLMENT STABILITY AND CUSTOMER PREDICTABILITY ;
(4.5) Prior to making any final recommendation pursuant to subsection (4) of this section regarding plans, coverage, and the number of eligible slots, the board shall seek input and recommendations from individuals directly affected by programs funded by the enterprise and shalldiscussanyinputandrecommendationsreceivedataboardmeeting held in accordance with subsection (6) of this section.
(4.5) Prior to making any final recommendation pursuant to subsection (4) of this section regarding plans, coverage, and the number of eligible slots, the board shall seek input and recommendations from individualsdirectlyaffectedbyprogramsfundedbytheenterpriseandshall discussanyinputandrecommendationsreceivedataboardmeetingheldin accordance with subsection (6) of this section.
The board shall TAKE REASONABLE STEPS TO provide opportunities for individuals to provide input and recommendations AT LEASTEnglish and Spanish, INCLUDINGMAKINGWRITTENMATERIALSANDPRESENTATIONSAVAILABLE NOT LATER THAN SEVEN DAYS AFTER MEETINGS ,AND ,TO THE EXTENT PRACTICABLEANDUPONAREQUESTSUBMITTEDATLEASTSEVENDAYSIN ADVANCEOFTHETIMEFORPROVIDINGINPUTANDRECOMMENDATIONS IN OTHER LANGUAGES .
The board shall TAKE REASONABLE STEPS TO provide opportunities for individuals to provide input and recommendations in AT LEAST English and Spanish,INCLUDING MAKING WRITTEN MATERIALS AND PRESENTATIONS AVAILABLE NOT LATER THAN SEVEN DAYS AFTER MEETINGS ,AND ,TO THE EXTENT PRACTICABLE AND UPON A REQUEST SUBMITTED AT LEAST SEVEN DAYS IN ADVANCE OF THE TIME FOR PROVIDING INPUT AND RECOMMENDATIONS , IN OTHER LANGUAGES .
THE BOARD SHALL ALSO INDICATE HOW INPUT AND RECOMMENDATIONS FROM INDIVIDUALS DIRECTLY AFFECTED BY ENTERPRISE PROGRAMS WERE INCORPORATED INTO ANY FINAL RECOMMENDATIONS MADE PURSUANT TO SUBSECTION (4) OF THIS -8- 178 SECTION.
T HE BOARD SHALL ALSO INDICATE HOW INPUT AND RECOMMENDATIONSFROMINDIVIDUALSDIRECTLYAFFECTEDBYENTERPRISE PROGRAMSWEREINCORPORATEDINTOANYFINALRECOMMENDATIONSMADE PURSUANT TO SUBSECTION (4) OF THIS SECTION.
3 SECTION6.
SECTION 6.
In Colorado RevisedStatutes,10-16-1211,amend (1)(b)(I)(F) as follows:
In Colorado Revised Statutes, 10-16-1211, amend (1)(b)(I)(F) as follows:
(b) Specify, for each year since the creation of the enterprise:
PAGE 6-SENATE BILL 26-178 (b) Specify, for each year since the creation of the enterprise:
(F) Anyrevenuecollectedfromrevenuebondspursuanttosection 10-16-1204 (1)(b)(II)CTION10-16-1213;
(F) Any revenue collected from revenue bonds pursuant to section 10-16-1204 (1)(b)(IISECTION 10-16-1213;
In Colorado Revised Statutes, add 10-16-1212, 10-16-1213, 10-16-1214,0-16-1215, and 10-16-1216 as follows:
In Colorado Revised Statutes, add 10-16-1212, 10-16-1213, 10-16-1214, 10-16-1215, and 10-16-1216 as follows:
Studyconcerningoptimizationofhealthinsurance affordability programs - repeal.
Study concerning optimization of health insurance affordability programs - repeal.
(1) THEENTERPRISESHALLCONDUCTORCONTRACTWITHATHIRD PARTY TO CONDUCT A STUDY,TO BE COMPLETED NO LATER THAN ULY 1, 2027,TO :
(1) T HE ENTERPRISE SHALL CONDUCT OR CONTRACT WITH A THIRD PARTY TO CONDUCT A STUDY ,TO BE COMPLETED NO LATER THAN JULY 1, 2027, TO:
(a) EVALUATE THE FEASIBILITY OF RESTRUCTURING THE ENTERPRISE PROGRAMS TO INCREASE AFFORDABILITY AND MAXIMIZE ENROLLMENT ,INCLUDING THE POTENTIAL CREATION OF A BASIC HEALTH PROGRAM PURSUANT TO SECTION 1331 OF THE FEDERAL AC, 42 U.S.C.
(a) EVALUATETHEFEASIBILITYOFRESTRUCTURINGTHEENTERPRISE PROGRAMS TO INCREASE AFFORDABILITY AND MAXIMIZE ENROLLMENT , INCLUDING THE POTENTIAL CREATION OF A BASIC HEALTH PROGRAM PURSUANT TO SECTION 1331 OF THE FEDERAL ACT , 42 U.S.CSEC .
SEC.
18051;
18051;AND (b) EVALUATE OR EXPLORE ANY OTHER RELATED ISSUES.
AND (b) E VALUATE OR EXPLORE ANY OTHER RELATED ISSUES .
(2) W ITHIN THIRTY DAYS AFTER THE STUDY IS COMPLETE,THE -9- 178 ENTERPRISE SHALL SUBMIT THE RESULTS OF THE STUDY TO THE HEALTH AND HUMAN SERVICES COMMITTEES OF THE SENATE AND THE HOUSE OF REPRESENTATIVES ,OR THEIR SUCCESSOR COMMITTEES.
(2) W ITHIN THIRTY DAYS AFTER THE STUDY IS COMPLETED , THE ENTERPRISESHALLSUBMITTHERESULTSOFTHESTUDYTOTHEHEALTHAND HUMAN SERVICES COMMITTEES OF THE SENATE AND THE HOUSE OF REPRESENTATIVES ,OR THEIR SUCCESSOR COMMITTEES .
(3) THIS SECTION IS REPEAL,EFFECTIVEJANUARY 1, 2028.
(3) T HIS SECTION IS REPEALE, EFFECTIVE ANUARY 1, 2028.
6 10-16-1213.
10-16-1213.
(1)(a) NORAFTER JANUARY 1,2027,THEENTERPRISEMAYISSUE BONDS TO GENERATE PROCEEDS OF UP TO A TOTAL OF ONE HUNDRED MILLIONDOLLARSFOR ANY OFTHE BUSINESSPURPOSESSPECIFIEDINTHIS PART 12,INCLUDING TO FUND THE PROGRAMS SPECIFIED IN THIS P12;
(1) (a) ON OR AFTER JANUARY 1,2027,THE ENTERPRISE MAY ISSUE BONDS TO GENERATE PROCEEDS OF UP TO A TOTAL OF ONE HUNDRED MILLION DOLLARS FOR ANY OF THE BUSINESS PURPOSES SPECIFIED IN THIS PART 12, INCLUDING TO FUND THE PROGRAMS SPECIFIED IN THIS PART 12;
EXCEPT THAT ,IN DETERMINING THE TOTAL AMOUNT OF BONDS TO ISS,E THE ENTERPRISE SHALL TAKE INTO ACCOUNT AND REDUCE THE AMOUNT OFBONDSISSUED BASED ON THE SAVINGSREALIZEDBYTHE ADJUSTMENT IN THE STATEWIDE AVERAGE PREMIUM REDUCTION UNDER THE REINSURANCEPROGRAMPURSUANTTOSECTION 10-16-1205(2)(f)(II)(A).
EXCEPTTHAT ,INDETERMININGTHETOTALAMOUNTOFBONDSTOISSUE ,THE PAGE 7-SENATE BILL 26-178 ENTERPRISE SHALL TAKE INTO ACCOUNT AND REDUCE THE AMOUNT OF BONDS ISSUED BASED ON THE SAVINGS REALIZED BY THE ADJUSTMENT IN THE STATEWIDE AVERAGE PREMIUM REDUCTION UNDER THE REINSURANCE PROGRAM PURSUANT TO SECTION 10-16-1205 (2)(f)(II)(A).HE BONDS SHALL BE ISSUED PURSUANT TO RESOLUTION OF THE BOARD AND SHALL BE PAYABLESOLELYOUTOFALLORASPECIFIEDPORTIONOFTHEMONEYINTHE FUND .
T HE BONDS SHALL BE ISSUED PURSUANT TO RESOLUTION OF THE BOARD AND SHALL BE PAYABLE SOLELY OUT OF ALL OR A SPECIFIED PORTION OF THE MONEY IN THE FUND.
(b) BONDS MAY BE EXECUTED AND DELIVERED BY THE ENTERPRISE AT SUCH TIMES;MAY BE IN SUCH FORM AND DENOMINATIONS AND INCLUDE SUCH TERMS AND MATURITIES ;
(b) BONDSMAYBEEXECUTEDANDDELIVEREDBYTHEENTERPRISE AT SUCH TIMES ;
MAY BE SUBJECT TO OPTIONAL OR MANDATORY REDEMPTION PRIOR TO MATURITY WITH OR WITHOUT A PREMIUM ;
MAY BE IN SUCH FORM AND DENOMINATIONS AND INCLUDESUCHTERMSANDMATURITIES MAYBESUBJECTTOOPTIONALOR MANDATORY REDEMPTION PRIOR TO MATURITY WITH OR WITHOUT A PREMIUM ;
MAY BE IN FULLY REGISTERED FORM OR BEARER FORM REGISTRABLE AS TO PRINCIPAL OR INTEREST OR BOTH ;MAY BEAR SUCH CONVERSIONPRIVILEGES ;MAYBEPAYABLEINSUCHINSTALLMENTSANDAT SUCH TIMES NOT EXCEEDING FORTY -FIVE YEARS FROM THE DATE OF ISSUANCE ;MAY BE PAYABLE AT SUCH PLACE OR PLACES WHETHER WITHIN OR WITHOUT THE STATE ;MAY BEAR INTEREST AT SUCH RATE OR RATES PER ANNUM ,WHICHMAYBEFIXEDORVARYACCORDINGTOINDEX PROCEDURE , OR FORMULA OR AS DETERMINED BY THE ENTERPRISE OR ITS AGENTS , WITHOUT REGARD TO ANY INTEREST RATE LIMITATION APPEARING IN ANY OTHERLAWOFTHESTATE ;MAYBESUBJECTTOPURCHASEATTHEOPTIONOF THE HOLDER OR THE ENTERPRISE ;MAY BE EVIDENCED IN SUCH MANNER ;
MAY BE IN FULLY REGISTERED FORM OR BEARER FORM REGISTRABLE AS TO PRINCIPAL OR INTEREST OR BOT;MAY BEAR SUCH CONVERSION PRIVILEGES;MAY BE PAYABLE IN SUCH INSTALLMENTS AND AT SUCH TIMES NOT EXCEEDING FORTY-FIVE YEARS FROM THE DATE OF -10- 178 ISSUANCE;MAYBEPAYABLEATSUCHPLACEORPLACESWHETHERWITHIN ORWITHOUTTHESTATE ;MAYBEARINTERESTATSUCHRATEORRATESPER ANNUM ,WHICH MAY BE FIXED OR VARY ACCORDING TO INDEX , PROCEDURE ,OR FORMULA OR AS DETERMINED BY THE ENTERPRISE OR ITS AGENTS , WITHOUT REGARD TO ANY INTEREST RATE LIMITATION APPEARING IN ANY OTHER LAW OF THE STATE ;
MAY BE EXECUTED BY SUCH OFFICERS OF THE ENTERPRISE ,INCLUDING THE USE OF ONE OR MORE FACSIMILE SIGNATURES SO LONG AS AT LEAST ONE MANUALSIGNATURE APPEARSONTHE BONDS ,WHICH MAY BE EITHER OFAN OFFICER OF THE ENTERPRISE OR OF AN AGENT AUTHENTICATING THE SAME ;
MAY BE SUBJECT TO PURCHASE AT THE OPTION OF THE HOLDER OR THE ENTERPRIS;MAY BE EVIDENCED IN SUCH MANNER ;MAY BE EXECUTED BY SUCH OFFICERS OF THE ENTERPRISE ,INCLUDING THE USE OF ONE OR MORE FACSIMILE SIGNATURES SO LONG AS AT LEAST ONE MANUALSIGNATURE APPEARSON THE BONDS WHICH MAY BE EITHEROFANOFFICEROFTHE ENTERPRISE OR OF AN AGENT AUTHENTICATING THE SAME ;
MAY BE IN THE FORM OF COUPON BONDS THAT HAVE ATTACHED INTEREST COUPONS BEARING A MANUAL OR FACSIMILE SIGNATURE OF AN OFFICER OF THE ENTERPRISE;AND MAY CONTAIN SUCH PROVISIONS NOT INCONSISTENT WITH THIS PART 12,ALL AS PROVIDED IN THE RESOLUTION OF THE BOARD UNDER WHICH THE BONDS ARE AUTHORIZED TO BE ISSUED OR AS PROVIDED IN A TRUST INDENTURE BETWEEN THE ENTERPRISE AND ANY COMMERCIAL BANK OR TRUST COMPANY HAVING FULL TRUST POWERS .
MAY BE IN THE FORM OF COUPON BONDS THAT HAVE ATTACHED INTEREST COUPONS BEARING A MANUAL OR FACSIMILE SIGNATURE OF AN OFFICER OF THE ENTERPRIS;
(c) BONDS OFTHE ENTERPRISE MAY BE SOLD AT PUBLIC OR PRIVATE SALE AT SUCH PRICE OR PRICES,IN SUCH MANNER ,AND AT SUCH TIMES AS DETERMINEDBYTHEBOARD ,ANDTHEBOARDMAYPAYALLFEES ,EXPENSES , AND COMMISSIONS THAT IT DEEMS NECESSARY OR ADVANTAGEOUS IN CONNECTIONWITHTHESALEOFTHEBONDS .T HEPOWERTOFIXTHEDATEOF PAGE 8-SENATE BILL 26-178 SALE OF THE BONDS,TO RECEIVE BIDS OR PROPOSALS,TO AWARD AND SELL BONDS , TO FIX INTEREST RATES ,AND TO TAKE ALL OTHER ACTION NECESSARY TO SELL AND DELIVER THE BONDS MAY BE DELEGATED TO AN OFFICER OR AGENT OF THE ENTERPRISE.ANY OUTSTANDING BONDS MAY BE REFUNDED BY THE ENTERPRISE PURSUANT TO ARTICLE 56 OF TITLE11.ALL BONDS AND ANY INTEREST COUPONS APPLICABLE TO THE BONDS ARE DECLARED TO BE NEGOTIABLE INSTRUMENTS .
ANDMAYCONTAINSUCH PROVISIONS NOT INCONSISTENT WITHTHISPART 12,ALL AS PROVIDED IN THE RESOLUTION OF THE BOARD UNDER WHICH THE BONDS ARE AUTHORIZED TO BE ISSUED OR AS PROVIDED IN A TRUST INDENTURE BETWEEN THE ENTERPRISE AND ANY COMMERCIAL BANK OR TRUST COMPANY HAVING FULL TRUST POWERS .
(d) T HE RESOLUTION OR TRUST INDENTURE AUTHORIZING THE ISSUANCEOFTHEBONDSMAYPLEDGEALLORAPORTIONOFTHEFUND ;MAY PLEDGE ALL OR A PORTION OF THE RIGHTS OF THE ENTERPRISE TO IMPOSE, AND RECEIVE THE REVENUES GENERATED BY , THE FEE AUTHORIZED BY SECTION 10-16-1205 (1)(a)(IAND ANY OTHER REVENUES GENERATED OR RECEIVED BY THE ENTERPRISE ,OTHER THAN ANY FEDERAL MONEY THE ENTERPRISEMAYRECEIVE ;MAYCONTAINSUCHPROVISIONSFORPROTECTING AND ENFORCING THE RIGHTS AND REMEDIES OF HOLDERS OF ANY OF THE BONDS AS THE ENTERPRISE DEEMS APPROPRIATE ;MAY SET FORTH THE RIGHTS AND REMEDIES OF THE HOLDERS OF ANY OF THE BONDS ;AND MAY CONTAIN PROVISIONS THAT THE ENTERPRISE DEEMS APPROPRIATE FOR THE SECURITY OF THE HOLDERS OF THE BONDS ,INCLUDING PROVISIONS FOR LETTERSOFCREDIT ,INSURANCE ,STANDBYCREDITAGREEMENTS ,OROTHER FORMS OF CREDIT ENSURING TIMELY PAYMENT OF THE BONDS ,INCLUDING THE REDEMPTION PRICE OR THE PURCHASE PRICE .
(c) B ONDS OF THE ENTERPRISE MAY BE SOLD AT PUBLIC OR PRIVATE SALE AT SUCH PRICE OR PRI,IN SUCH MANNER ,AND AT SUCH TIMES AS DETERMINED BY THE BOARD ,AND THE BOARD MAY PAY ALL FEES, EXPENSES, AND COMMISSIONS THAT IT DEEMS NECESSARY OR ADVANTAGEOUS IN CONNECTION WITH THE SALE OF THE BONDS .
(e) ANYPLEDGEOFTHEFUNDISVALIDANDBINDINGFROMTHETIME THE PLEDGE ISMADE .THE PLEDGED FUND IS IMMEDIATELY SUBJECT TO THE LIEN OF THE PLEDGE WITHOUT ANY PHYSICAL DELIVERY OR FURTHER ACT , AND THE LIEN OF THE PLEDGE IS VALID AND BINDING AGAINST ALL PARTIES HAVING CLAIMS OF ANY KIND IN TORT,CONTRACT ,OR OTHERWISE AGAINST THE PLEDGING PARTY REGARDLESS OF WHETHER THE CLAIMING PARTY HAS NOTICE OF THE LIEN.
THE POWER TO FIX THE DATE OF SALE OF THE BONDS,TO RECEIVE BIDS OR PROPOSALS ,TOAWARDANDSELLBONDS ,TOFIXINTERESTRATES ,ANDTO TAKE ALL OTHER ACTION NECESSARY TO SELL AND DELIVER THE BONDS -11- 178 MAY BE DELEGATED TO AN OFFICER OR AGENT OF THE ENTERPRI.
HE INSTRUMENT BY WHICH THE PLEDGE IS CREATED NEED NOT BE RECORDED OR FILED .
ANY OUTSTANDING BONDS MAY BE REFUNDED BY THE ENTERPRISE PURSUANT TO ARTICLE 56OF TITLE11.
(f) NEITHER THE MEMBERS OF THE BOARD ,NOR EMPLOYEES OF THE ENTERPRISE , NOR ANY PERSON EXECUTING THE BONDS IS LIABLE PERSONALLY ON THE BONDS OR SUBJECT TO ANY PERSONAL LIABILITY BY REASON OF THE ISSUANCE OF THE BONDS .
ALL BONDS AND ANY INTEREST COUPONS APPLICABLE TO THE BONDS ARE DECLARED TO BE NEGOTIABLE INSTRUMENTS .
(g) THE ENTERPRISE MAY PURCHASE ITS BONDS OUT OF ANY AVAILABLE MONEY AND MAY HOLD , PLEDGE ,CANCEL ,OR RESELL SUCH PAGE 9-SENATE BILL 26-178 BONDSSUBJECTTOANDINACCORDANCEWITHAGREEMENTSWITHTHEBOND HOLDERS .
(d) THE RESOLUTION OR TRUST INDENTURE AUTHORIZING THE ISSUANCE OF THE BONDS MAY PLEDGE ALL OR A PORTION OF THE FUN;
(2) THE ENTERPRISE MAY INVEST OR DEPOSIT ANY PROCEEDS AND ANYINTERESTFROMTHESALEOFBONDSINTHEMANNERPROVIDEDBYPART OF ARTICLE75 OF TITLE 24.
MAY PLEDGE ALL OR A PORTION OF THE RIGHTS OF THE ENTERPRISE TO IMPOSE, AND RECEIVE THE REVENUES GENERATED BY ,THE FEE AUTHORIZEDBYSECTION 10-16-1205(1)(a)(ANDANYOTHERREVENUES GENERATEDORRECEIVEDBYTHEENTERPRISE ,OTHERTHANANYFEDERAL MONEY THE ENTERPRISE MAY RECEIVE;MAY CONTAIN SUCH PROVISIONS FORPROTECTINGANDENFORCINGTHERIGHTSANDREMEDIESOFHOLDERS OFANYOFTHEBONDSASTHE ENTERPRISE DEEMSAPPROPRIATE ;MAYSET FORTHTHERIGHTSANDREMEDIESOFTHEHOLDERSOFANYOFTHEBONDS ;
N ADDITION,AN ISSUING ENTERPRISE MAY DIRECT A CORPORATE TRUSTEE THAT HOLDS THE BOND PROCEEDS AND ANY INTEREST TO INVEST OR DEPOSIT THE PROCEEDS AND INTEREST IN INVESTMENTS OR DEPOSITS OTHER THAN THOSE SPECIFIED BY SAID PART 6 IF THE BOARD DETERMINES , BY RESOLUTION ,THAT THE INVESTMENT OR DEPOSIT MEETS THE STANDARD ESTABLISHED IN SECTION 15-1-304,THE INCOMEISATLEASTCOMPARABLETOINCOMEAVAILABLEONINVESTMENTS OR DEPOSITS SPECIFIED BY SAID PART,AND THE INVESTMENT WILL ASSIST THE ENTERPRISE IN FUNDING PROGRAMS SPECIFIED IN THIS PART2.
AND MAY CONTAIN PROVISIONS THAT THE ENTERPRISE DEEMS APPROPRIATE FOR THE SECURITY OF THE HOLDERS OF THE BONDS , INCLUDING PROVISIONS FOR LETTERS OF CREDI,INSURANCE,STANDBY CREDIT AGREEMENTS ,OR OTHER FORMS OF CREDIT ENSURING TIMELY PAYMENT OF THE BONDS ,INCLUDING THE REDEMPTION PRICE OR THE PURCHASE PRICE.
(3) A LL BANKS , TRUST COMPANIES , SAVINGS AND LOAN ASSOCIATIONS ,INSURANCE COMPANIES , EXECUTORS , ADMINISTRATORS , GUARDIANS ,TRUSTEES ,ANDOTHERFIDUCIARIESMAYLEGALLYINVESTANY MONEYWITHINTHEIRCONTROLINANYBONDSISSUEDUNDERTHISPART 12.
(e) ANY PLEDGE OF THE FUND IS VALID AND BINDING FROM THE TIME THE PLEDGE IS MAD.THE PLEDGEDFUND IS IMMEDIATELY SUBJECT TO THE LIEN OF THE PLEDGE WITHOUT ANY PHYSICAL DELIVERY OR FURTHER ACT ,AND THE LIEN OF THE PLEDGE IS VALID AND BINDING AGAINST ALL PARTIES HAVING CLAIMS OF ANY KIND IN T,CONTRACT , OROTHERWISE AGAINST THE PLEDGING PARTYREGARDLESSOFWHETHER -12- 178 THE CLAIMING PARTY HAS NOTICE OF THE LIEN.
PUBLICENTITIES,ASDEFINEDINSECTION 24-75-601(1),MAYINVESTPUBLIC MONEY IN SUCH BONDS ONLY IF THE BONDS SATISFY THE INVESTMENT REQUIREMENTS ESTABLISHED IN PART 6 OF ARTICLE75 OF TITLE24.
THE INSTRUMENT BY WHICH THE PLEDGE IS CREATED NEED NOT BE RECORDED OR FILE.
(4) THE INCOME OR OTHER REVENUES OF THE ENTERPRISE ,BONDS ISSUED BY THE ENTERPRISE,AND THE TRANSFER OF AND THE INCOME FROM ANY BONDS ISSUED BY THE ENTERPRISE ARE EXEMPT FROM ALL TAXATION AND ASSESSMENTS IN THE STATE .
(f) NITHERTHEMEMBERSOFTHEBOARD ,NOREMPLOYEESOFTHE ENTERPRISE, NOR ANY PERSON EXECUTING THE BONDS IS LIABLE PERSONALLY ON THE BONDS OR SUBJECT TO ANY PERSONALLIABILITY BY REASON OF THE ISSUANCE OF THE BOND.
N THE RESOLUTION OR INDENTURE AUTHORIZING THE BONDS ,THE ENTERPRISE MAY WAIVE THE EXEMPTION FROM FEDERAL INCOME TAXATION FOR INTEREST ON THE BONDS .
(g) T HE ENTERPRISE MAY PURCHASE ITS BONDS OUT OF ANY AVAILABLE MONEY AND MAY HOLD , PLEDGE,CANCEL ,OR RESELL SUCH BONDS SUBJECT TO AND IN ACCORDANCE WITH AGREEMENTS WITH THE BOND HOLDERS .
BONDS ISSUED BY THE ENTERPRISE ARE EXEMPT FROM THE PROVISIONS OFARTICLE OF TITLE11.
(2) THE ENTERPRISE MAYINVEST ORDEPOSIT ANYPROCEEDSAND ANY INTEREST FROM THE SALE OF BONDS IN THE MANNER PROVIDED BY PART 6OF ARTICLE75 OF TITL24.IN ADDITION,AN ISSUING ENTERPRISE MAY DIRECT A CORPORATE TRUSTEE THAT HOLDS THE BOND PROCEEDS AND ANY INTEREST TO INVEST OR DEPOSIT THE PROCEEDS AND INTEREST ININVESTMENTSORDEPOSITSOTHERTHANTHOSESPECIFIEDBYSAIDPART 6 IFTHE BOARDDETERMINES ,BYRESOLUTION ,THAT THE INVESTMENT OR DEPOSIT MEETS THE STANDARD ESTABLISHED IN SECTION15-1-304,THE INCOME IS AT LEAST COMPARABLE TO INCOME AVAILABLE ON INVESTMENTS OR DEPOSITS SPECIFIED BY SAID PART 6, AND THE INVESTMENT WILL ASSIST THE ENTERPRISE IN FUNDING PROGRAMS SPECIFIED IN THIS PA12.
(3) ALL BANKS , TRUST COMPANIES ,SAVINGS AND LOAN ASSOCIATIONS,INSURANCE COMPANIES ,EXECUTORS ,ADMINISTRATORS , GUARDIANS ,TRUSTEES ,AND OTHER FIDUCIARIES MAY LEGALLY INVEST ANY MONEY WITHIN THEIR CONTROL IN ANY BONDS ISSUED UNDER THIS PART 12.
UBLIC ENTITIE, AS DEFINED IN SECTIO24-75-601 (1)MAY -13- 178 INVEST PUBLIC MONEY IN SUCH BONDS ONLY IF THE BONDS SATISFY THE INVESTMENT REQUIREMENTS ESTABLISHED IN PART 6OF ARTICLE75 OF TITLE24.
(4) THE INCOME OR OTHERREVENUESOFTHE ENTERPRISE ,BONDS ISSUEDBYTHEENTERPRISE ,ANDTHETRANSFEROFANDTHEINCOMEFROM ANYBONDSISSUEDBYTHEENTERPRISEAREEXEMPTFROMALLTAXATION AND ASSESSMENTS IN THE STATE .N THE RESOLUTION OR INDENTURE AUTHORIZING THE BONDS,THE ENTERPRISE MAY WAIVE THE EXEMPTION FROM FEDERAL INCOME TAXATION FOR INTEREST ON THE BOND.B ONDS ISSUED BY THE ENTERPRISE ARE EXEMPT FROM THE PROVISIONS OF ARTICLE 51OF TITLE11.
Report to joint budget committee - annual briefing.
Reporttojointbudgetcommittee-annualbriefing.
(1) SARTINGWITHTHEFORECASTISSUEDIN SEPTEMBEROF 2026, WITHIN TWO WEEKS AFTER THE LEGISLATIVE COUNCIL STAFF RELEASES THE SEPTEMBER , MARCH ,AND JUNE STATE REVENUE FORECASTS ,THE ENTERPRISE SHALL SUBMIT A WRITTEN REPORT TO THE JOINT BUDGET COMMITTEE OF THE GENERAL ASSEMBLY REGARDING THE STATUS OF THE FUND ,INCLUDING:
(1) STARTING WITH THE FORECAST ISSUED INS EPTEMBER OF 2026, WITHIN TWO WEEKS AFTERTHE LEGISLATIVE COUNCILSTAFFRELEASESTHE SEPTEMBER , M ARCH, AND JUNE STATE REVENUE FORECASTS , THE ENTERPRISE SHALL SUBMIT A WRITTEN REPORT TO THE JOINT BUDGET COMMITTEE OF THE GENERAL ASSEMBLY REGARDING THE STATUS OF THE FUND ,INCLUDING:
(a) THE AMOUNT OF REVENUE GENERATED THROUGH FEES FROM THE ISSUANCE OF REVENUE BONDS PURSUANT TO SECTION 10-16-1213, AND FROM ANY OTHER SOURCES , THE AMOUNT OF FEDERAL PASS-THROUGHFUNDINGRECEIVEDPURSUANTTOTHESTATEINNOVATION WAIVERUNDERSECTION 10-16-1109AND SECTION1332 OFTHE FEDERAL ACT , 42 U.S.CSEC.
PAGE 10-SENATE BILL 26-178 (a) THEAMOUNTOFREVENUEGENERATEDTHROUGHFEES ,FROMTHE ISSUANCE OF REVENUE BONDS PURSUANT TO SECTION 10-16-1213,AND FROM ANY OTHER SOURCES ,THE AMOUNT OF FEDERAL PASS -THROUGH FUNDING RECEIVED PURSUANT TO THE STATE INNOVATION WAIVER UNDER SECTION 10-16-1109 AND SECTION 1332 OF THE FEDERAL ACT, 42 U.S.C.
18052AND ANY OTHER MONEY DEPOSITED IN OR TRANSFERRED TO THE FUND DURING THE IMMEDIATELY PRECEDING TWELVE MONTHS ;AND -14- 178 (b) T HE AMOUNT OF REVENUE THE ENTERPRISE ANTICIPATES GENERATING OR RECEIVING FROM ALL SOURCES IN THE NEXT TWELVE MONTHS .
SEC.18052,ANDANYOTHERMONEYDEPOSITEDINORTRANSFERREDTOTHE FUND DURING THE IMMEDIATELY PRECEDING TWELVE MONTHS ;AND (b) THE AMOUNT OF REVENUE THE ENTERPRISE ANTICIPATES GENERATING OR RECEIVING FROM ALL SOURCES IN THE NEXT TWELVE MONTHS .
(2) (a) N LATER THAN ANUARY 15, 2027AND NO LATER THAN JANUARY 15OFEACHYEARTHEREAFTER THEENTERPRISESHALLPROVIDE AN IN-PERSON BRIEFING TO THE JOINT BUDGET COMMITTEE ON THE ENTERPRISE,ITSREVENUESFROMALLSOURCES ,THE PROGRAMSIT FUNDS AND THE AMOUNT ALLOCATED TO EACH PROGRAM ,AND ANY OTHER INFORMATION REQUESTED BY THE JOINT BUDGET COMMITTEE .
(2) (a) NO LATER THAN JANUARY 15, 2027,AND NO LATER THAN JANUARY 15OF EACH YEAR THEREAFTER ,THE ENTERPRISE SHALL PROVIDE AN IN PERSON BRIEFING TO THE JOINT BUDGET COMMITTEE ON THE ENTERPRISE, ITS REVENUES FROM ALL SOURCES,THE PROGRAMS IT FUNDS AND THE AMOUNT ALLOCATED TO EACH PROGRAM , AND ANY OTHER INFORMATION REQUESTED BY THE JOINT BUDGET COMMITTEE .
(b) AS PART OFTHE BRIEFINGIJANUARY ,2027,THE ENTERPRISE SHALL ALSO PROVIDE TO THE JOINT BUDGET COMMITTE:
(b) AS PART OF THE BRIEFING IJANUARY , 2027THE ENTERPRISE SHALL ALSO PROVIDE TO THE JOINT BUDGET COMMITTEE :
(I) AN ANALYSIS OF THE EFFECTS OF CHANGING THE STATEWIDE AVERAGE PREMIUM REDUCTION IN THE REINSURANCE PROGRAM TO FIFTEEN PERCENT,INCLUDING THE EFFECTS OF THAT CHANGE O:
(I) AN ANALYSIS OF THE EFFECTS OF CHANGING THE STATEWIDE AVERAGEPREMIUMREDUCTIONINTHE REINSURANCE PROGRAMTOFIFTEEN PERCENT ,INCLUDING THE EFFECTS OF THAT CHANGE ON:
(A) TOTAL SAVINGS FOR THE ENTERPRIS;
(A) T OTAL SAVINGS FOR THE ENTERPRIS;
(B) FEDERAL PASS -THROUGH FUNDING FROM THE STATE INNOVATION WAIVER UNDER SECTION 10-16-1109AND SECTION 1332 OF THE FEDERAL ACT, 42 U.S.CSEC.
(B) FEDERALPASS -THROUGHFUNDINGFROMTHESTATEINNOVATION WAIVER UNDER SECTION 10-16-1109 AND SECTION 1332 OF THE FEDERAL ACT, 42 U.S.CSEC .
(C) PREMIUMS IN THE NINE GEOGRAPHIC RATING AREAS IN THE STATE ;AND (D) ENROLLMENT IN THE INDIVIDUAL MARKET ;AND (II) A N ANALYSIS OF THE EFFECTS OF CREATING A TIERED STRUCTURE ,BASED ON INCOME LEVELS ,FOR PREMIUM ASSISTANCE FOR INDIVIDUALS WHO PURCHASE INSURANCE ON THE EXCHANGE FOR THE PREMIUM WRAP ,INCLUDING THE EFFECTS OF THAT STRUCTURE O:
(C) P REMIUMS IN THE NINE GEOGRAPHIC RATING AREAS IN THE STATE;AND (D) E NROLLMENT IN THE INDIVIDUAL MARKET ;AND (II) AN ANALYSIS OF THE EFFECTS OF CREATING A TIERED STRUCTURE , BASED ON INCOME LEVELS , FOR PREMIUM ASSISTANCE FOR INDIVIDUALS WHO PURCHASE INSURANCE ON THE EXCHANGE FOR THE PAGE 11-SENATE BILL 26-178 PREMIUM WRAP ,INCLUDING THE EFFECTS OF THAT STRUCTURE ON:
(A) TOTAL SAVINGS FOR THE ENTERPRIS;
(A) T OTAL SAVINGS FOR THE ENTERPRIS;
(B) FEDERAL PASS -THROUGH FUNDING FROM THE STATE -15- 178 INNOVATION WAIVER UNDER SECTION 10-16-1109AND SECTION1332 OF THE FEDERAL ACT, 42 U.S.CSEC.
(B) FEDERALPASS -THROUGHFUNDINGFROMTHESTATEINNOVATION WAIVER UNDER SECTION 10-16-1109 AND SECTION 1332 OF THE FEDERAL ACT, 42 U.S.CSEC .
(C) PREMIUMS IN THE NINE GEOGRAPHIC RATING AREAS IN THE STATE;AND (D) ENROLLMENT IN THE INDIVIDUAL MARKET.
(C) P REMIUMS IN THE NINE GEOGRAPHIC RATING AREAS IN THE STATE;AND (D) E NROLLMENT IN THE INDIVIDUAL MARKET .
(3) N OTWITHSTANDING SECTION 24-1-136 (11)(a), THE REQUIREMENT IN THIS SECTION TO REPORT TO THE JOINT BUDGET COMMITTEE CONTINUES INDEFINITELY.
(3) N OTWITHSTANDING SECTION 24-1-136 (11)(a), THE REQUIREMENT IN THIS SECTION TO REPORT TO THE JOINT BUDGET COMMITTEE CONTINUES INDEFINITELY .
EFFECTIVE FOR THE 2027 CALENDAR YEAR AND FOR EACH CALENDAR YEAR THEREAFTER ,THE COMMISSIONER ,IN CONSULTATION WITH THE BOARD ,SHALL ADOPT RULES SPECIFYING THE PREMIUMS FOR STATE-SUBSIDIZEDINDIVIDUALHEALTHCOVERAGEPLANSPURCHASEDBY QUALIFIED INDIVIDUAL.
EFFECTIVEFORTHE 2027 CALENDARYEARANDFOREACHCALENDAR YEAR THEREAFTER , THE COMMISSIONER , IN CONSULTATION WITH THE BOARD , SHALL ADOPT RULES SPECIFYING THE PREMIUMS FOR STATE-SUBSIDIZED INDIVIDUAL HEALTH COVERAGE PLANS PURCHASED BY QUALIFIED INDIVIDUALS.
(1)(a) FRTHETAXYEAR 2027 ANDEACHTAXYEARTHEREAFTER , ACREDITAGAINSTTHETAXIMPOSEDBYSECTIONS 10-3-209AND 10-6-128 IS ALLOWED TO ANY INSURANCE COMPANY THAT BECOMES A QUALIFIED TAXPAYERBYMAKINGACONTRIBUTIONTOTHEENTERPRISEPURSUANTTO THIS SECTIO.
(1) (a) FR THE TAX YEAR2027 AND EACH TAX YEAR THEREAFTER , A CREDIT AGAINST THE TAX IMPOSED BY SECTIONS10-3-209AND 10-6-128 IS ALLOWED TO ANY INSURANCE COMPANY THAT BECOMES A QUALIFIED TAXPAYER BY MAKING A CONTRIBUTION TO THE ENTERPRISE PURSUANT TO THIS SECTION.
(b) AQUALIFIEDTAXPAYERCLAIMINGACREDITAGAINSTPREMIUM TAX LIABILITY UNDER THIS SECTION IS NOT REQUIRED TO PAY ANY ADDITIONAL RETALIATORY TAX AS A RESULT OF CLAIMING THE CRED.T (2) THE COMMISSIONER MAY ADOPT RULES NECESSARY FOR THE ADMINISTRATION OF THE TAX CREDIT ALLOWED BY SUBSECTION (1)OF THIS SECTIO.
(b) A QUALIFIED TAXPAYER CLAIMING A CREDIT AGAINST PREMIUM TAX LIABILITY UNDER THIS SECTION IS NOT REQUIRED TO PAY ANY ADDITIONAL RETALIATORY TAX AS A RESULT OF CLAIMING THE CREDIT.
-16- 178 (3)(a) ORTHETAXYEAR 2027 ANDEACHTAXYEARTHEREAFTER , SUBJECTTOSUBSECTION (4)(cOFTHISSECTION ANINSURANCECOMPANY BECOMES A QUALIFIED TAXPAYER IFALLOFTHE FOLLOWING CONDITIONS ARE MET:
(2) T HE COMMISSIONER MAY ADOPT RULES NECESSARY FOR THE ADMINISTRATION OFTHE TAXCREDIT ALLOWED BY SUBSECTION (1)OFTHIS PAGE 12-SENATE BILL 26-178 SECTION.
(I) TEINSURANCECOMPANYDECLARESWITHITSQUARTERLYTAX PAYMENTDUEONORABOUT ULY 31,INTHEMANNERPRESCRIBEDBYTHE COMMISSIONER ,ITS INTENT TO CONTRIBUTE TO THE ENTERPRISE ON OR BEFORE O CTOBER 31 AN AMOUNT OF MONEY EQUAL TO THE PREMIUM TAXESPAIDBYTHEINSURANCECOMPANYPURSUANTTOTHE JULY31 TAX PAYMENT OR A LESSER AMOUNT AS SPECIFIED BY THE COMMISSIONER IF REQUIRED PURSUANT TO SUBSECTION (4)(bOF THIS SECTIO;
(3) (a) FR THE TAX YEAR2027 AND EACH TAX YEAR THEREAFTER , SUBJECT TO SUBSECTION (4)(cOF THIS SECTIO,AN INSURANCE COMPANY BECOMES A QUALIFIED TAXPAYER IF ALL OF THE FOLLOWING CONDITIONS ARE MET :
(II) HE TOTAL AMOUNT OF THE TAX CREDITS GRANTED BY THE COMMISSIONER DOES NOT EXCEED NINE MILLION DOLLAR;AND (III) TE INSURANCE COMPANY :
(I) THE INSURANCE COMPANY DECLARES WITH ITS QUARTERLY TAX PAYMENT DUE ON OR ABOUT JULY 31,IN THE MANNER PRESCRIBED BY THE COMMISSIONER , ITS INTENT TO CONTRIBUTE TO THE ENTERPRISE ON OR BEFORE O CTOBER 31ANAMOUNTOFMONEYEQUALTOTHEPREMIUMTAXES PAIDBYTHEINSURANCECOMPANYPURSUANTTOTHE JULY 31TAXPAYMENT OR A LESSER AMOUNT AS SPECIFIED BY THE COMMISSIONER IF REQUIRED PURSUANT TO SUBSECTION (4)(bOF THIS SECTION;
(A) RECEIVESANALLOCATIONNOTICEFROMTHECOMMISSIONER ;
(II) THE TOTAL AMOUNT OF THE TAX CREDITS GRANTED BY THE COMMISSIONER DOES NOT EXCEED NINE MILLION DOLLARS ;AND (III) HE INSURANCE COMPANY :
AND (B) MAKES THE CONTRIBUTION TO THE ENTERPRISE AS SPECIFIED IN THE ALLOCATION NOTICE ON OR BEFORO CTOBER 31.
(A) R ECEIVES AN ALLOCATION NOTICE FROM THE COMMISSIONER ;
(b) SUBJECT TO SUBSECTION (4)(c)OF THIS SECTION, AN INSURANCECOMPANYTHATBECOMESAQUALIFIEDTAXPAYERMAYCLAIM THE TAX CREDIT ON ONE OR MORE SUBSEQUENT QUARTERLY OR ANNUAL TAX PAYMENTS BEGINNING ON OR ABOUT OCTOBER 31.
AND (B) MAKES THE CONTRIBUTION TO THE ENTERPRISE AS SPECIFIED IN THE ALLOCATION NOTICE ON OR BEFORE O CTOBER 31.
(c) W HEN THE BOARD RECEIVES A CONTRIBUTION PURSUANT TO THIS SECTIO,THE BOARD SHALL PROMPTLY NOTIFY THE COMMISSIONER OFTHE AMOUNT AND DATE OFTHE CONTRIBUTION AND THE NAME OFTHE CONTRIBUTOR .
(b) SUBJECTTOSUBSECTION (4)(c)OFTHISSECTION ANINSURANCE COMPANY THAT BECOMES A QUALIFIED TAXPAYER MAY CLAIM THE TAX CREDIT ON ONE OR MORE SUBSEQUENT QUARTERLY OR ANNUAL TAX PAYMENTS BEGINNING ON OR ABOUT O CTOBER 31.
(4) (a) SUBJECT TO SUBSECTION (4)(c)OF THIS SECTIO, BY -17- 178 SEPTEMBER 30OF EACH YEAR,THE COMMISSIONER SHALL:
(c) WHENTHEBOARDRECEIVESACONTRIBUTIONPURSUANTTOTHIS SECTION,THE BOARD SHALL PROMPTLY NOTIFY THE COMMISSIONER OF THE AMOUNT AND DATE OF THE CONTRIBUTION AND THE NAME OF THE CONTRIBUTOR .
(I) SND AN ALLOCATION NOTICE TO EACH INSURANCE COMPANY WHOSEDECLARATIONOFINTENTTOCONTRIBUTETOTHEENTERPRISEHAS BEEN ACCEPTED PURSUANT TO THIS SUBSECTION (4).
(4) (a) SUBJECT TO SUBSECTION (4)(c)OF THIS SECTION, BY SEPTEMBER 30OF EACH YEAR ,THE COMMISSIONER SHALL :
HE ALLOCATION NOTICE SHALLSPECIFY THE AMOUNT OFTAXCREDITSALLOCATEDTOTHE INSURANCE COMPANY AND THE AMOUNT OF CASH THE INSURANCE COMPANY MUST CONTRIBUTE TO THE EXCHANGE BY O CTOBER 31,WHICH AMOUNTS SHALL BE IDENTICAL AND NOT EXCEED THE AMOUNT OF PREMIUM TAXES PAID BY THE INSURANCE COMPANY IN ITS QUARTERLY TAX PAYMENT DUE ON OR ABOUT JULY 31.
(I) SEND AN ALLOCATION NOTICE TO EACH INSURANCE COMPANY PAGE 13-SENATE BILL 26-178 WHOSE DECLARATION OF INTENT TO CONTRIBUTE TO THE ENTERPRISE HAS BEEN ACCEPTED PURSUANT TO THIS SUBSECTION (4).
(II) PSTONTHEDIVISION SWEBSITEWHETHERTHEFULLAMOUNT OF TAX CREDITS AUTHORIZED TO BE ALLOCATED EACH YEAR HAS BEEN ALLOCATED .
HE ALLOCATION NOTICE SHALL SPECIFY THE AMOUNT OF TAX CREDITS ALLOCATED TO THE INSURANCECOMPANYANDTHEAMOUNTOFCASHTHEINSURANCECOMPANY MUST CONTRIBUTE TO THE EXCHANGE BY O CTOBER 31,WHICH AMOUNTS SHALL BE IDENTICAL AND NOT EXCEED THE AMOUNT OF PREMIUM TAXES PAIDBYTHEINSURANCECOMPANYINITSQUARTERLYTAXPAYMENTDUEON OR ABOUT JULY 31.
(b) (I) SBJECT TO SUBSECTION (4)(c)OF THIS SECTION,THE COMMISSIONER SHALL ALLOCATE NO MORE THAN A TOTAL OF NINE MILLION DOLLARS OF PREMIUM TAX CREDITS PER YEA.
(II) PST ON THE DIVISIOS WEBSITE WHETHER THE FULL AMOUNT OF TAX CREDITS AUTHORIZED TO BE ALLOCATED EACH YEAR HAS BEEN ALLOCATED .
(II) EXCEPT AS PROVIDED IN SUBSECTION (4)(b)(IIOF THIS SECTION, THE COMMISSIONER SHALL ALLOCATE TO AN INSURANCE COMPANY THAT HAS DECLARED ITS INTENT TO CONTRIBUTE TO THE ENTERPRISE PURSUANT TO THIS SECTION TAX CREDITS IN AN AMOUNT EQUAL TO THE AMOUNT OF PREMIUM TAXES PAID BY THE INSURANCE COMPANYINITSQUARTERLYTAXPAYMENT DUE ONORABOUT JULY 31IN THE ORDER IN WHICH THE DIVISION RECEIVES SUCH QUARTERLY TAX PAYMENTSUNTILTHEFULLAMOUNTOFCREDITSAVAILABLEPURSUANTTO THIS SECTION HAS BEEN ALLOCATED;EXCEPT THAT THE COMMISSIONER SHALL PRIORITIZE TAX CREDIT ALLOCATIONS FIRST TO INSURANCE COMPANIES THAT HAVE PURCHASED BONDS ISSUED BY THE ENTERPRISE -18- 178 PURSUANT TO SECTION 10-16-1213.
(b) (I) SUBJECT TO SUBSECTION (4)(c)OF THIS SECTION, THE COMMISSIONERSHALLALLOCATE NO MORE THANATOTALOFNINE MILLION DOLLARS OF PREMIUM TAX CREDITS PER YEAR.
(III) ITHE AMOUNT OF PREMIUM TAXES OR THE SUM OF ALL THE PREMIUM TAXES FILED BY ALL THE INSURANCE COMPANIES ON ANY ONE DAY WOULD EXCEED , SINGLY OR IN THE AGGREGATE , THE ANNUAL MAXIMUMAGGREGATEAMOUNTOFTAXCREDITSAVAILABLEUNDERTHIS SECTION,THE COMMISSIONER SHALL REDUCE THE ALLOCATION TO THE INSURANCECOMPANYWHOSECONTRIBUTIONFIRSTEXCEEDSTHEANNUAL MAXIMUMAGGREGATETOTHEAMOUNTNEEDEDTOSATISFYTHEANNUAL MAXIMUM AGGREGATE .IF THE COMMISSIONER IS UNABLE TO DETERMINE THE ORDER OF RECEIPT OF TAX PAYMENTS ON THAT DAY , THE COMMISSIONER SHALL ALLOCATE THE TAX CREDITS TO THE COMPANY OR AMONG THE COMPANIESONAPRORATABASISBASEDONTHE RATIO SUCH COMPANY SQUARTERLY TAX PAYMENT BEARSTOTHE TOTALAMOUNT OF ALL SUCH COMPANIES ' QUARTERLY TAX PAYMENTS UNTIL THE FULL AMOUNT OF CREDITS AVAILABLE PURSUANT TO THIS SECTION HAS BEEN ALLOCATED .
(II) EXCEPT AS PROVIDED IN SUBSECTION (4)(b)(IIIOF THIS SECTION,THECOMMISSIONERSHALLALLOCATETOANINSURANCECOMPANY THAT HAS DECLARED ITS INTENT TO CONTRIBUTE TO THE ENTERPRISE PURSUANT TO THIS SECTION TAX CREDITS IN AN AMOUNT EQUAL TO THE AMOUNT OF PREMIUM TAXES PAID BY THE INSURANCE COMPANY IN ITS QUARTERLY TAX PAYMENT DUE ON OR ABOUT JULY 31IN THE ORDER IN WHICHTHEDIVISIONRECEIVESSUCHQUARTERLYTAXPAYMENTSUNTILTHE FULLAMOUNTOFCREDITSAVAILABLEPURSUANTTOTHISSECTIONHASBEEN ALLOCATED ;
(c)(I) FRTHETAXYEAR 2027 ANDEACHTAXYEARTHEREAFTER , THE COMMISSIONER SHALL ALLOW INSURANCE COMPANIES TO DECLARE THEIR INTENT TO CONTRIBUTE TO THE ENTERPRISE PURSUANT TO THIS SECTIONONTHEINSURANCECOMPANIES QUARTERLYTAXPAYMENTSDUE ON OR ABOUT OCTOBER 31 AND SHALL SEND SUCH COMPANIES ALLOCATION NOTICES BYF EBRUARY 1 I:
EXCEPT THAT THE COMMISSIONER SHALL PRIORITIZE TAX CREDIT ALLOCATIONS FIRST TO INSURANCE COMPANIES THAT HAVE PURCHASED BONDS ISSUED BY THE ENTERPRISE PURSUANT TO SECTION 10-16-1213.
(A) THE FULL AMOUNT OF TAX CREDITS AVAILABLE IN ANY ONE YEARHASNOTBEENFULLYALLOCATEDBYTHECOMMISSIONERPURSUANT TO STATEMENTS OF INTENT FILED WITH INSURANCE COMPANIES ' QUARTERLY TAX PAYMENTS DUE ON OR ABOUT ULY 31;OR (B) THETOTALAMOUNTOFTAXCREDITSHASBEENCLAIMED ,BUT -19- 178 ONE OR MORE INSURANCE COMPANIES FAILED TO TIMELY MAKE A CONTRIBUTION TO THE ENTERPRIS.
(III) ITHE AMOUNT OF PREMIUM TAXES OR THE SUM OF ALL THE PREMIUMTAXESFILEDBYALLTHEINSURANCECOMPANIESONANYONEDAY WOULD EXCEED ,SINGLY OR IN THE AGGREGATE,THE ANNUAL MAXIMUM AGGREGATEAMOUNTOFTAXCREDITSAVAILABLEUNDERTHISSECTION ,THE COMMISSIONER SHALL REDUCE THE ALLOCATION TO THE INSURANCE COMPANY WHOSE CONTRIBUTION FIRST EXCEEDS THE ANNUAL MAXIMUM AGGREGATE TO THE AMOUNT NEEDED TO SATISFY THE ANNUAL MAXIMUM AGGREGATE .IFTHECOMMISSIONERISUNABLETODETERMINETHEORDEROF RECEIPT OF TAX PAYMENTS ON THAT DAY ,THE COMMISSIONER SHALL ALLOCATE THE TAX CREDITS TO THE COMPANY OR AMONG THE COMPANIES PAGE 14-SENATE BILL 26-178 ON A PRO RATA BASIS BASED ON THE RATIO SUCH COMPANY'S QUARTERLY TAX PAYMENT BEARS TO THE TOTAL AMOUNT OF ALL SUCH COMPANIES ' QUARTERLY TAX PAYMENTS UNTIL THE FULL AMOUNT OF CREDITS AVAILABLE PURSUANT TO THIS SECTION HAS BEEN ALLOCATED .
(II) AN INSURANCE COMPANY THAT DECLARES ITS INTENT TO CONTRIBUTE TO THE ENTERPRISE PURSUANT TO THIS SUBSECTIO(4)(c) SHALLMAKE THE CONTRIBUTIONTOTHEENTERPRISEASSPECIFIEDINTHE ALLOCATION NOTICE ON OR BEFOREM ARCH 1 AND MAY CLAIM THE TAX CREDIT ON ONE OR MORE SUBSEQUENT QUARTERLY OR ANNUAL TAX PAYMENTS DUE ON OR ABOUT M ARCH 1.
(c) (I) F THE TAX YEAR 2027 AND EACH TAX YEAR THEREAFTER , THE COMMISSIONER SHALL ALLOW INSURANCE COMPANIES TO DECLARE THEIR INTENT TO CONTRIBUTE TO THE ENTERPRISE PURSUANT TO THIS SECTION ON THE INSURANCE COMPANIES 'QUARTERLY TAX PAYMENTS DUE ONORABOUT OCTOBER 31 ANDSHALLSENDSUCHCOMPANIESALLOCATION NOTICES BY FEBRUARY 1 I:
(5) THE BOARD SHALL USE MONEY CONTRIBUTED TO THE ENTERPRISE AS SPECIFIED IN THIS P12.
(A) T HE FULL AMOUNT OF TAX CREDITS AVAILABLE IN ANY ONE YEAR HAS NOT BEEN FULLY ALLOCATED BY THE COMMISSIONER PURSUANT TOSTATEMENTSOFINTENTFILEDWITHINSURANCECOMPANIES QUARTERLY TAX PAYMENTS DUE ON OR ABOUT JULY 31;OR (B) THE TOTAL AMOUNT OF TAX CREDITS HAS BEEN CLAIMED ,BUT ONE OR MORE INSURANCE COMPANIES FAILED TO TIMELY MAKE A CONTRIBUTION TO THE ENTERPRISE.
(II) A N INSURANCE COMPANY THAT DECLARES ITS INTENT TO CONTRIBUTE TO THE ENTERPRISE PURSUANT TO THIS SUBSECTION (4)(c) SHALL MAKE THE CONTRIBUTION TO THE ENTERPRISE AS SPECIFIED IN THE ALLOCATION NOTICE ON OR BEFORE M ARCH 1 AND MAY CLAIM THE TAX CREDIT ON ONE OR MORE SUBSEQUENT QUARTERLY OR ANNUAL TAX PAYMENTS DUE ON OR ABOUT M ARCH 1.
(5) THEBOARDSHALLUSEMONEYCONTRIBUTEDTOTHEENTERPRISE AS SPECIFIED IN THIS PART.
In Colorado Revised Statutes, 10-22-110, amend (1)(a), (3)(a)(4)(b), (4)(c)(I) introductoryportion, (4)(c)(II), and (5);
In Colorado Revised Statutes, 10-22-110, amend (1)(a), (3)(a), (4)(b), (4)(c)(I) introductory portion, (4)(c)(II), and (5);
(1) (a) For the tax year 2013 and each tax year thereafter THROUGH THE TAX YEAR 2026, a credit against the tax imposed by sections10-3-209and10-6-128isallowedtoanyinsurancecompanythat becomes a qualified taxpayer by making a contribution to the exchange pursuant to this section.
(1) (a) For the tax year 2013 and each tax year thereafter THE TAX YEAR 2026, a credit against the tax imposed bysections 10-3-209 PAGE 15-SENATE BILL 26-178 and10-6-128isallowedtoanyinsurancecompanythatbecomesaqualified taxpayerbymaking a contribution to the exchange pursuanttothissection.
(3)(a) FREACHTAXYEARTHROUGHTHETAXYEAR 2026,subject to subsection (4)(c) of this section, an insurance company shall become a qualified taxpayer if all of the following conditions are met:
(3) (a) FOR EACH TAX YEAR THROUGH THE TAX YEAR 2026, subject to subsection (4)(c) of this section, an insurance company shall become a qualified taxpayer if all of the following conditions are met:
(I) Theinsurancecompanydeclareswithitsquarterlytaxpayment due on or about July31inthemannerprescribedbythe commissioner its intent to contribute to the exchange on or before October 31 an amount -20- 178 ofmoneyequaltothepremiumtaxespaidbythecompanypursuanttothe July31 tax payment or a lesser amount as specified bythe commissioner ifrequiredpursuanttoparagraph(b)ofsubsection(4)BSECTION(4)(b) of this section;
(I) The insurance company declares with its quarterly tax payment due on or about July 31 in the manner prescribed by the commissioner its intent to contribute to the exchange on or before October 31 an amount of moneyequaltothepremiumtaxespaidbythecompanypursuanttotheJuly tax payment or a lesser amount as specified by the commissioner if required pursuant to paragraph (b) of subsection (4) SUBSECTION (4)(b) of this section;
(II) The total amount of the tax credits granted by the commissioner does not exceed five million dollars;
(II) Thetotalamountof thetaxcreditsgrantedbythecommissioner does not exceed five million dollars;
except that, on and after September 1, 2022, through August 31, 2028T31,2027, the total amount of the tax credits does not exceed nine million dollars;
except that, on and after September 1, 2022, through August 31, 2028 AUGUST 31, 2027, the total amount of the tax credits does not exceed nine million dollars;
and (III) The insurance company receives an allocation notice from the commissioner and the insurance company makes the contribution to theexchangeasspecifiedintheallocationnoticeonorbeforeOctober31.
and (III) The insurance companyreceives an allocation notice from the commissioner and the insurance company makes the contribution to the exchange as specified in the allocation notice on or before October 31.
(A) BeforeSeptember1,2022,atotaloffivemilliondollars;D (B) On and after September 1, 2022, through August 31, 2028 A UGUST 31, 2027, a total of nine million dollars.
(A) Before September 1, 2022, a total of five million dollars;
and (C) OnandafterSeptember1,2028,atotaloffivemilliondollars.
AND (B) On and after September 1, 2022, through August 31, 2028 A UGUST 31, 2027, a total of nine million dollars.
(II) FOR EACH TAX YEAR THROUGH THE TAX YEAR 2026, except as provided in subsection (4)(b)(III) of this section, the commissionershallallocatetoaninsurancecompanythathasdeclaredits intent to contribute to the exchange pursuant to this section tax credits in an amount equal to the amount of premium taxes paid by the insurance companyinitsquarterlytax payment due on or about July31intheorder in which the division receives such quarterly tax payments until the full amount of credits available pursuant to this section has been allocated.
and (C) On and after September 1, 2028, a total of five million dollars.
-21- 178 (c) (I) OR EACH TAX YEAR THROUGH THE TAX YEAR 2026, the commissioner shall allow insurance companies to declare their intent to contribute to the exchange pursuant to this section on the insurance companies' quarterly tax payments due on or about October 31 and shall send such companies allocation notices by February 1 if:
(II) FOR EACH TAX YEAR THROUGH THE TAX YEAR 2026, except as provided in subsection (4)(b)(III) of this section, the commissioner shall allocate to an insurance company that has declared its intent to contribute totheexchangepursuanttothissectiontaxcreditsinanamountequaltothe amountofpremiumtaxespaidbytheinsurancecompanyinitsquarterlytax PAGE 16-SENATE BILL 26-178 payment due on or about July31 in the order inwhich the division receives such quarterly tax payments until the full amount of credits available pursuant to this section has been allocated.
(II) An insurance companythat declares its intenttocontributeto theexchangepursuanttothisparagraph(c)SUBSECTION (4)(c)shallmake the contribution to the exchange as specified in the allocation notice on or before March 1 and may claim the tax credit on one or more subsequent quarterly or annual tax payments due on or about March 1.
(c) (I) FOR EACH TAX YEAR THROUGH THE TAX YEAR 2026, the commissioner shall allow insurance companies to declare their intent to contribute to the exchange pursuant to this section on the insurance companies' quarterly tax payments due on or about October 31 and shall send such companies allocation notices by February 1 if:
(5) The board shall use moneycontributed to the exchange as follows:
(II) An insurance company that declares its intent to contribute to the exchange pursuant to this paragraph (c)SUBSECTION (4)(c) shall make the contribution to the exchange as specified in the allocation notice on or before March 1 and may claim the tax credit on one or more subsequent quarterly or annual tax payments due on or about March 1.
(a) The amount of contributions from insurers to which the first fivemilliondollarsoftaxcreditsisallocatedpursuanttosubsection(4)(b) ofthissectionandtheinterestderivedfromthedepositandinvestmentof the money, to operate and sustain the exchange and to build reserves.
(5) The board shall use money contributed to the exchange as follows:
except that, on and after September 1, 2028, the total amount of contributions and interest derived fromthedepositandinvestmentof the money shall be used for the purposes specified in this subsection (5)(a).
(a) Theamountofcontributionsfrominsurerstowhichthefirstfive million dollars of tax credits is allocated pursuant to subsection (4)(b) of this section and the interest derived from the deposit and investment of the money, to operate and sustain the exchange and to build reserves.
(b) (I) Any amount of contributions from insurers to which any amountinexcessofthefirstfivemilliondollarsoftaxcreditsisallocated pursuanttosubsection(4)(b)of this section andtheinterestderivedfrom the deposit and investment of the money, for the public awareness and education campaign in section 10-22-115.
except that, on and after September 1, 2028, the total amount of contributions and interestderivedfromthedepositandinvestmentofthemoneyshallbeused for the purposes specified in this subsection (5)(a).
(II) This subsection (5)(b) is repealed, effective December 31, 2028.
(b) (I) Any amount of contributions from insurers to which any amount in excess of the first five million dollars of tax credits is allocated pursuant to subsection (4)(b) of this section and the interest derived from the deposit and investment of the money, for the public awareness and education campaign in section 10-22-115.
(6) THIS SECTION IS REPEALE,EFFECTIVE DECEMBER 31, 2027.
(II) Thissubsection(5)(b)isrepealed,effectiveDecember31,2028.
-22- 178 SECTION 9.
(6) T HIS SECTION IS REPEALED ,EFFECTIVE D ECEMBER 31, 2027.
In Colorado Revised Statutes, 39-28.8-501, add (4.1) as follows:
SECTION9.
39-28.8-501.
InColoradoRevisedStatutes,39-28.8-501,add(4.1) as follows:
Marijuanataxcashfund-creation-distribution - legislative declaration - repeal.
PAGE 17-SENATE BILL 26-178 39-28.8-501.
(4.1) (a) BY JUNE 30, 2026,THE STATE TREASURER SHALL TRANSFER FORTY MILLION DOLLARS FROM THE FUND TO THE HEALTH INSURANCEAFFORDABILITYCASHFUNDCREATEDINSECTION 10-16-1206 (1).
Marijuana tax cash fund - creation - distribution - legislative declaration - repeal.
(b) THIS SUBSECTION(4.1ISREPEALED,EFFECTIVE ULY 1,2027.
(4.1)(a) BYJUNE 30,2026, THESTATETREASURERSHALLTRANSFER FORTY MILLION DOLLARS FROM THE FUND TO THE HEALTH INSURANCE AFFORDABILITY CASH FUND CREATED IN SECTION 10-16-1206 (1).
(b) THIS SUBSECTION (4.1)IS REPEALED ,EFFECTIVE JULY 1, 2027.
In Session Laws of Colorado 2025, section 1 of chapter 476, (SB25-206), amend (2)(c), (2)(h) introductoryportion, and (h)(I) follows:
In Session Laws of Colorado 2025, section 1 of chapter 476, (SB25-206), amend (2)(c), (2)(h) introductory portion, and (2)(h)(I) as follows:
"Section 1.
Section1.
Definitions - general provisions.
Definitions-generalprovisions.Asusedinthisact,the following definitions and general provisions shall apply:
As used in this act, the following definitions and general provisions shall apply:
(2) The funds designated to constitute the state emergency reserve for the 2025-26 fiscal year are:
(2) Thefundsdesignatedtoconstitutethestateemergencyreserve for the 2025-26 fiscal year are:
(c) The marijuana tax cash fund created in section 39-28.8-501 (1), C.R.S., up to a maximum of $100,000,000 $60,000,000;
(c) The marijuana tax cash fund created in section 39-28.8-501 (1), C.R.S., up to a maximum of $100,000,000000,000;
(h) Up to $39,775,000 $79,775,000 of state properties as follows:
(h) Upto$39,775,000$79,775,000ofstatepropertiesasfollows:
Amend as added by Section 1 of House Bill 26-1410, (2)(c), (2)(h) introductory portion, and (h)(I) as follows:
Amend as added by Section 1 of House Bill 26-1410, (2)(c), (2)(h) introductory portion, and (2)(h)(I) as follows:
"Section 1.
Section1.
Definitions - general provisions.
Definitions-generalprovisions.Asusedinthisact,the following definitions and general provisions shall apply:
As used in this act, the following definitions and general provisions shall apply:
(2) The funds designated to constitute the state emergency reserve for the 2026-27 fiscal year are:
(2) Thefundsdesignatedtoconstitutethestateemergencyreserve -23- 178 for the 2026-27 fiscal year are:
(c) The marijuana tax cash fund created in section 39-28.8-501 (1), C.R.S., up to a maximum of $100,000,000 $60,000,000;
(c) The marijuana tax cash fund created in section 39-28.8-501 (1), C.R.S., up to a maximum of $100,000,000000,000;
PAGE 18-SENATE BILL 26-178 (h) Up to $53,337,711 $93,337,711 of state properties as follows:
(h) Upto$53,337,711$93,337,711ofstatepropertiesasfollows:
(I) The capitol annex building located at 1375 Sherman Street, Denver, Colorado, 80203, which has a value of $37,237,711$77,237,711;
(I) The capitol annex building located at 1375 Sherman Street, Denver, Colorado, 80203, which has a value of $37,237,711 $77,237,711;
The general assembly finds, determines, and declares that this act is necessary for the immediate preservationofthepublicpeace,health,orsafetyorforappropriationsfor the support and maintenance of the departments of the state and state institutions.
The general assembly finds, determines, and declares that this act is necessary for the immediate preservation of the public peace, health, or safety or for appropriations for PAGE 19-SENATE BILL 26-178 the support and maintenance of the departments of the state and state institutions.
-24- 178
____________________________ ____________________________ James Rashad Coleman, Sr.
Julie McCluskie PRESIDENT OF SPEAKER OF THE HOUSE THE SENATE OF REPRESENTATIVES ____________________________ ____________________________ Esther van Mourik Vanessa Reilly SECRETARY OF CHIEF CLERK OF THE HOUSE THE SENATE OF REPRESENTATIVES APPROVED________________________________________ (Date and Time) _________________________________________ Jared S.
Polis GOVERNOR OF THE STATE OF COLORADO PAGE 20-SENATE BILL 26-178
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Action History

  1. Governor Signed

  2. Signed by the President of the Senate

  3. Signed by the Speaker of the House

  4. Sent to the Governor

  5. House Third Reading Passed - No Amendments

  6. House Second Reading Special Order - Passed - No Amendments

  7. House Committee on Appropriations Refer Unamended to House Committee of the Whole

  8. Senate Third Reading Passed with Amendments - Floor

  9. Introduced In House - Assigned to Appropriations

  10. Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole

  11. Senate Second Reading Special Order - Laid Over Daily - No Amendments

  12. Senate Second Reading Special Order - Passed with Amendments - Committee, Floor

  13. Senate Committee on Finance Refer Amended to Appropriations

  14. Introduced In Senate - Assigned to Finance

Sponsors

  • Y. Zokaie · Cosponsor
  • K. Stewart · Cosponsor
  • L. Smith · Cosponsor
  • E. Sirota · Cosponsor
  • G. Rydin · Cosponsor
  • M. Rutinel · Cosponsor
  • N. Ricks · Cosponsor
  • A. Paschal · Cosponsor
  • K. Nguyen · Cosponsor
  • K. McCormick · Cosponsor
  • J. McCluskie · Cosponsor
  • M. Lukens · Cosponsor
  • M. Lindsay · Cosponsor
  • J. Jackson · Cosponsor
  • E. Hamrick · Cosponsor
  • M. Froelich · Cosponsor
  • C. Clifford · Cosponsor
  • S. Camacho · Cosponsor
  • A. Boesenecker · Cosponsor
  • J. Bacon · Cosponsor
  • L. Gilchrist · Primary
  • K. Brown · Primary
  • Iman Jodeh · Primary
  • Kyle Mullica · Primary
  • Lisa Cutter · Cosponsor
  • Jessie Danielson · Cosponsor
  • Lindsey Daugherty · Cosponsor
  • Tony Exum · Cosponsor
  • Julie Gonzales · Cosponsor
  • William Lindstedt · Cosponsor
  • Cathy Kipp · Cosponsor
  • Janice Marchman · Cosponsor
  • Dylan Roberts · Cosponsor

Sponsorship breakdown

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4 sponsors · 29 co-sponsors · 68 not signed on · 26 voted No

Sponsors (4)

Co-sponsors (29)

Not signed on (68)

68 members have not signed on to this bill.

Show all 68 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

BILL

Passed 43 Yea · 22 Nay
Party YeaNayPresentNot Voting
Democrat 40100
Republican 11800
Unaffiliated 2300
Total 432200
% of votes cast 66%34%0%0%
How each member voted (65)
Member Party Vote
Gonzalez R. — Nay
Stewart K. — Yea
Stewart R. — Yea
Winter T. — Nay
Garcia Sander — Nay
Alex Valdez Democrat Yea
Amy Paschal Democrat Yea
Andrew Boesenecker Democrat Yea
Bob Marshall Democrat Nay
Brianna Titone Democrat Yea
Cecelia Espenoza Democrat Yea
Chad Clifford Democrat Yea
Eliza Hamrick Democrat Yea
Elizabeth Velasco Democrat Yea
Emily Sirota Democrat Yea
Gretchen Rydin Democrat Yea
Jacque Phillips Democrat Yea
Jamie Jackson Democrat Yea
Javier Mabrey Democrat Yea
Jennifer Bacon Democrat Yea
Jenny Willford Democrat Yea
Julie McCluskie Democrat Yea
Junie Joseph Democrat Yea
Karen McCormick Democrat Yea
Kenny Nguyen Democrat Yea
Kyle Brown Democrat Yea
Lesley Smith Democrat Yea
Lindsay Gilchrist Democrat Yea
Lisa Feret Democrat Yea
Lorena Garcia Democrat Yea
Lori Goldstein Democrat Yea
Mandy Lindsay Democrat Yea
Manny Rutinel Democrat Yea
Matthew Martinez Democrat Yea
Meg Froelich Democrat Yea
Meghan Lukens Democrat Yea
Michael Carter Democrat Yea
Monica Duran Democrat Yea
Naquetta Ricks Democrat Yea
Regina English Democrat Yea
Sean Camacho Democrat Yea
Sheila Lieder Democrat Yea
Steven Woodrow Democrat Yea
Tammy Story Democrat Yea
Tisha Mauro Democrat Yea
Yara Zokaie Democrat Yea
Anthony Hartsook Republican Nay
Ava Flanell Republican Nay
Brandi Bradley Republican Nay
Carlos Barron Republican Nay
Chris Richardson Republican Nay
Dan Woog Republican Nay
Dusty Johnson Republican Nay
Jarvis Caldwell Republican Nay
Ken DeGraaf Republican Nay
Larry Don Suckla Republican Nay
Mary Bradfield Republican Nay
Matt Soper Republican Nay
Max Brooks Republican Nay
Rebecca Keltie Republican Nay
Rick Taggart Republican Yea
Ron Weinberg Republican Nay
Scott Bottoms Republican Nay
Scott Slaugh Republican Nay
Stephanie Luck Republican Nay

Official roll call →

Refer Senate Bill 26-178 to the Committee of the Whole.

Passed 9 Yea · 2 Nay
Party YeaNayPresentNot Voting
Democrat 8000
Republican 1200
Total 9200
% of votes cast 82%18%0%0%
How each member voted (11)
Member Party Vote
Andrew Boesenecker Democrat Yea
Brianna Titone Democrat Yea
Elizabeth Velasco Democrat Yea
Emily Sirota Democrat Yea
Junie Joseph Democrat Yea
Karen McCormick Democrat Yea
Kyle Brown Democrat Yea
Yara Zokaie Democrat Yea
Chris Richardson Republican Nay
Matt Soper Republican Nay
Rick Taggart Republican Yea

Official roll call →

Adopt amendment L.001 (Attachment H)

Passed 6 Yea · 3 Nay
Party YeaNayPresentNot Voting
Republican 0300
Democrat 5000
Unaffiliated 1000
Total 6300
% of votes cast 67%33%0%0%
How each member voted (9)
Member Party Vote
Adrienne Benavidez — Yea
Cathy Kipp Democrat Yea
Chris Kolker Democrat Yea
Janice Marchman Democrat Yea
Kyle Mullica Democrat Yea
Marc Snyder Democrat Yea
Barbara Kirkmeyer Republican Nay
Lisa Frizell Republican Nay
Scott Bright Republican Nay

Official roll call →

Refer Senate Bill 26-178, as amended, to the Committee on Appropriations.

Passed 6 Yea · 3 Nay
Party YeaNayPresentNot Voting
Republican 0300
Democrat 5000
Unaffiliated 1000
Total 6300
% of votes cast 67%33%0%0%
How each member voted (9)
Member Party Vote
Adrienne Benavidez — Yea
Cathy Kipp Democrat Yea
Chris Kolker Democrat Yea
Janice Marchman Democrat Yea
Kyle Mullica Democrat Yea
Marc Snyder Democrat Yea
Barbara Kirkmeyer Republican Nay
Lisa Frizell Republican Nay
Scott Bright Republican Nay

Official roll call →

Subjects

healthcare health-insurance
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Frequently asked questions

What does SB 178 do?
The act:Authorizes the health insurance affordability enterprise (enterprise), on or after January 1, 2027, to issue revenue bonds of up to $100 million to fund enterprise programs, secured by the enterprise's revenues, and require the enterprise to pay bond obligations before allocating revenues for enterprise programs;Allows the enterprise to invest specified money in the health insurance affordability cash fund (cash fund) without regard to otherwise applicable requirements for such investments and to contract with private professional fund managers to advise on investment strategies;Modifies the allocation of enterprise revenue among authorized purposes and allows the enterprise to reallocate unexpended amounts for specified purposes;Directs the enterprise to require qualified individuals who are enrolled in state-subsidized individual health coverage plans eligible for subsidies from the enterprise to pay premiums established in rules adopted by the commissioner, in consultation with the health insurance affordability board (board);Requires the enterprise to adjust the statewide average premium reduction under the reinsurance program to 18% and to reduce the amount of bonds issued to account for the reduced costs for the reinsurance program;Directs the board, in recommending parameters for implementing subsidies for state-subsidized individual health coverage plans, to recommend coverage that prioritizes enrollment stability and customer predictability; when seeking input on its recommendations regarding plans, coverage, and the number of eligible slots, to enable feedback in at least English and Spanish and in other languages upon request; and to indicate how it incorporated such feedback into its final recommendations;Directs the enterprise to conduct or contract a third party to conduct a study to evaluate the feasibility of restructuring the enterprise programs to increase health insurance affordability and maximize enrollment in health insurance plans;Requires the enterprise to submit 3 written reports and make one in-person presentation to the joint budget committee each year regarding the status of the cash fund and, as part of its in-person presentation in January 2027, to provide an analysis of the effects of changing the statewide average premium reduction under the reinsurance program to 15% and of creating a tiered, income-based, structure for premium assistance for individuals who purchase insurance on the Colorado health benefit exchange (exchange);Repeals the tax credit for contributions to the exchange and replaces it with a tax credit for contributions to the enterprise; andDirects the state treasurer to transfer $40 million from the marijuana tax cash fund to the cash fund by June 30, 2026, reduces to $60 million the designation of money in the marijuana tax cash fund as the state emergency reserve for the 2025-26 and 2026-27 state fiscal years, and increases by $40 million the value of the capitol annex building for purposes of the state emergency reserve for the 2025-26 and 2026-27 state fiscal years.(Note: This summary applies to this bill as enacted.)
Who sponsors SB 178?
SB 178 is sponsored by Y. Zokaie, K. Stewart, L. Smith, E. Sirota, G. Rydin, M. Rutinel, N. Ricks, A. Paschal, K. Nguyen, K. McCormick, J. McCluskie, M. Lukens, M. Lindsay, J. Jackson, E. Hamrick, M. Froelich, C. Clifford, S. Camacho, A. Boesenecker, J. Bacon, L. Gilchrist, K. Brown, Iman Jodeh (Democrat), Kyle Mullica (Democrat), Lisa Cutter (Democrat), Jessie Danielson (Democrat), Lindsey Daugherty (Democrat), Tony Exum (Democrat), Julie Gonzales (Democrat), William Lindstedt (Democrat), Cathy Kipp (Democrat), Janice Marchman (Democrat), and Dylan Roberts (Democrat).
What is the current status of SB 178?
This bill has been enacted into law. Introduced April 23, 2026. Enacted.
Where can I track SB 178?
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