HB 1361: Pay for Success Program Repeal - Colorado

Final Act → Signed Act · 4 edits · Jun 3, 2026

MODERATE

This bill repeals the Pay for Success Contracts Program in Colorado, effectively ending the legal framework that allowed the state to use private investment to fund social services. The repeal removes the specific statute establishing the program and its associated funding account, ensuring no new contracts can be formed under this model.

Scope change

The bill's scope changes from establishing and maintaining a specific public-private partnership program to completely eliminating that program from state law.

SCOPE

The entire Pay for Success Contracts Program statute (C.R.S. 24-37-403) was removed, which previously authorized the state to enter into contracts with private investors to fund social services.

FISCAL

The specific account and fund established to hold money for this program were eliminated, stopping any future deposits or investments related to these contracts.

TIMELINE

A repeal provision was added to formally terminate the existing legal authority for the program, effective July 1, 2026.

TECHNICAL

Formatting and signature lines were updated to reflect the transition from a 'Final Act' draft to the 'Signed Act' version.

Rerevised → Final Act · 3 edits · May 22, 2026

MINOR

This bill repeals Colorado's Pay for Success Contracts program, ending the state's ability to use private investors to fund social programs. It mandates that all remaining funds in the program's special accounts be transferred to the state's general fund by June 30, 2026, and officially eliminates the program on July 1, 2026.

Scope change

The bill removes the legal authority for the Office of Economic Development to administer the Pay for Success Contracts program, effectively ending the program's scope and applicability.

PROGRAM

The Pay for Success Contracts program, which allowed the state to enter agreements with private contractors to fund social interventions, is being fully repealed.

TIMELINE

A specific deadline was added requiring the State Treasurer to transfer all remaining money from the program's fund and account to the General Fund by June 30, 2026.

The repeal of the program, its fund, and its account becomes effective on July 1, 2026.

Revised → Rerevised · 2 edits · Apr 16, 2026

MINOR

The bill text was updated from a 'Revised' status to a 'Rerevised' status, indicating that further amendments were adopted by the Senate. A new reading stamp was added showing the bill is now at the 3rd Reading Unamended stage in the Senate on April 16, 2026.

TECHNICAL

The document header was changed from 'Revised' to 'Rerevised' to reflect the inclusion of all amendments adopted in the Second House.

A new stamp was added indicating the bill is at the 3rd Reading Unamended stage in the Senate, dated April 16, 2026.

Reengrossed → Revised · 3 edits · Apr 15, 2026

MINOR

The bill's status was updated from 'Reengrossed' to 'Revised', indicating it has been amended during the second reading in the second house. Several internal dates were updated to reflect the current legislative timeline, and the summary text was adjusted to reference the 'reengrossed version' for future availability. No substantive policy changes regarding the Pay For Success program, funding amounts, or eligibility criteria were found in the provided text.

TIMELINE

The bill header was changed from 'REENGROSSED' to 'REVISED' to reflect its current legislative status after amendments.

The date associated with the '2nd Reading Unamended' status was updated from April 9, 2026, to April 15, 2026.

TECHNICAL

The bill summary note was updated to clarify that future summaries will apply to the 'reengrossed version' of the bill.

Engrossed → Reengrossed · 3 edits · Apr 11, 2026

MINOR

The bill text was updated from 'Engrossed' to 'Reengrossed' status, indicating it has been amended and reintroduced. A new notice was added stating that a summary for the reengrossed version will be available on April 11, 2026, after the House passes it a third time. A new sponsor was also added to the House sponsorship list.

TIMELINE

Added a specific date (April 11, 2026) for when the updated bill summary will be available.

TECHNICAL

Changed the bill status header from 'Engrossed' to 'Reengrossed' to reflect amendments.

Added a new sponsor name to the House sponsorship list.

Introduced → Engrossed · 2 edits · Apr 9, 2026

MINOR

The bill has progressed from its initial introduction to an engrossed version, meaning it has been approved by both the House and Senate and is ready for the Governor's signature. The primary changes involve updating the bill's title page to reflect its current legislative status and correcting the bill number formatting from 'HB26-1361' to '1361' on the page headers. No substantive policy, funding, or eligibility changes were made in this specific markup.

TECHNICAL

Updated the document header from 'INTRODUCED' to 'ENGROSSED' to indicate the bill has passed both legislative chambers.

Corrected the bill number format in the page footers from 'HB26-1361' to '1361'.

Pay for Success Program Repeal

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