Bill Commons

CO HB 1003

enacted

Small Business Recovery Modifications

Colorado · 2026 Regular Session · lower

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Quick answers

Did CO HB 1003 pass?

Yes. CO HB 1003 has been enacted into law. Latest recorded action (2026-05-29): Governor Signed

What is CO HB 1003 about?

The act changes the purpose of the small business recovery and resiliency loan program (program) from supporting small businesses recovering from the economic crisis caused by COVID-19 to supporting Colorado's small businesses regardless of COVID-19 impacts.     The act provides that money in the small business recovery and resiliency fund (fund) may be matched by participants in the program at a ratio of $1 of fund money for every $1 of money from other sources. Once the money from the fund is matched by other sources and comprises a tranche, the act specifies that the money from the tranche may be used for loans or to purchase participation interest in loans for businesses as determined by the program oversight board (board), including working capital and the purchase of equipment.     The act allows a deferral of principal and interest payments on a loan made through the program for circumstances of hardship and repeals the requirement that the hardship must be caused by the COVID-19 pandemic or ongoing economic conditions.     The act repeals a requirement that money from the fund must be proportionally reserved for applications from eligible borrowers located in a county based on the county's metrics related to small businesses, as determined by the board, for an initial period of time and that the money must be allocated to a county. Instead, the act requires each tranche of loan funding to be used to fund businesses across the state over the duration of the program and to maintain targets and support businesses located in rural counties and businesses owned by women, minorities, or veterans. The program will track the distribution of capital to counties.     The act requires the state treasurer to transfer $5 million from the fund to the Colorado startup loan program fund on June 30, 2026.(Note: This summary applies to this bill as enacted.)

Who sponsors CO HB 1003?

S. Camacho, J. Marchman, C. Kolker and 1 others are the primary sponsors of CO HB 1003, joined by 29 cosponsors.

Description

The act changes the purpose of the small business recovery and resiliency loan program (program) from supporting small businesses recovering from the economic crisis caused by COVID-19 to supporting Colorado's small businesses regardless of COVID-19 impacts.     The act provides that money in the small business recovery and resiliency fund (fund) may be matched by participants in the program at a ratio of $1 of fund money for every $1 of money from other sources. Once the money from the fund is matched by other sources and comprises a tranche, the act specifies that the money from the tranche may be used for loans or to purchase participation interest in loans for businesses as determined by the program oversight board (board), including working capital and the purchase of equipment.     The act allows a deferral of principal and interest payments on a loan made through the program for circumstances of hardship and repeals the requirement that the hardship must be caused by the COVID-19 pandemic or ongoing economic conditions.     The act repeals a requirement that money from the fund must be proportionally reserved for applications from eligible borrowers located in a county based on the county's metrics related to small businesses, as determined by the board, for an initial period of time and that the money must be allocated to a county. Instead, the act requires each tranche of loan funding to be used to fund businesses across the state over the duration of the program and to maintain targets and support businesses located in rural counties and businesses owned by women, minorities, or veterans. The program will track the distribution of capital to counties.     The act requires the state treasurer to transfer $5 million from the fund to the Colorado startup loan program fund on June 30, 2026.(Note: This summary applies to this bill as enacted.)

Introduced
2026-01-14
Latest action
2026-05-29 — Governor Signed
Bill type
bill
Last updated
—

Subjects

Sponsors

  • S. Camachosponsor
  • J. Marchmansponsor
  • C. Kolkersponsor
  • N. Rickssponsor
  • A. Boeseneckercosponsor
  • J. Baconcosponsor
  • M. Weissmancosponsor
  • K. Wallacecosponsor
  • M. Snydercosponsor
  • C. Kippcosponsor
  • T. Exumcosponsor
  • L. Cuttercosponsor
  • J. Colemancosponsor
  • A. Benavidezcosponsor
  • J. Amabilecosponsor
  • S. Woodrowcosponsor
  • A. Valdezcosponsor
  • B. Titonecosponsor
  • K. Stewartcosponsor
  • M. Rutinelcosponsor
  • K. Nguyencosponsor
  • K. McCormickcosponsor
  • J. McCluskiecosponsor
  • T. Maurocosponsor
  • M. Martinezcosponsor
  • M. Lindsaycosponsor
  • S. Liedercosponsor
  • L. Goldsteincosponsor
  • R. Englishcosponsor
  • M. Froelichcosponsor
  • M. Durancosponsor
  • C. Cliffordcosponsor
  • M. Cartercosponsor

Committees

Not provided by source.

Action timeline

Newest first

  1. 2026-05-29

    Governor Signed

    executive-signature

  2. 2026-05-20

    Signed by the Speaker of the House

    passage

  3. 2026-05-20

    Signed by the President of the Senate

    passage

  4. 2026-05-20

    Sent to the Governor

    executive-receipt

  5. 2026-04-23

    Senate Third Reading Passed - No Amendments

    passage,reading-3

  6. 2026-04-22

    Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole

    committee-passage

  7. 2026-04-22

    Senate Second Reading Special Order - Passed - No Amendments

  8. 2026-03-10

    Senate Committee on Finance Refer Unamended to Appropriations

    referral-committee

  9. 2026-02-12

    Introduced In Senate - Assigned to Finance

    introduction

  10. 2026-02-10

    House Third Reading Passed - No Amendments

    passage,reading-3

  11. 2026-02-09

    House Second Reading Special Order - Passed with Amendments - Committee

  12. 2026-02-06

    House Second Reading Laid Over Daily - No Amendments

  13. 2026-02-04

    House Committee on Business Affairs & Labor Refer Amended to House Committee of the Whole

    committee-passage,referral-committee

  14. 2026-01-14

    Introduced In House - Assigned to Business Affairs & Labor

    introduction

Versions

Documents

Votes

  • Refer House Bill 26-1003, as amended, to the Committee of the Whole.

    2026-02-04 · pass · 0-0

    Member-level votes (13)
    • Max Brooks: no
    • Regina English: yes
    • Ryan Gonzalez: yes
    • Rebecca Keltie: yes
    • Javier Mabrey: yes
    • Bob Marshall: no
    • Tisha Mauro: yes
    • Kenny Nguyen: yes
    • Chris Richardson: no
    • Gretchen Rydin: yes
    • Larry Don Suckla: yes
    • Sean Camacho: yes
    • Naquetta Ricks: yes

  • Adopt amendment L.001

    2026-02-04 · pass · 0-0

  • Refer House Bill 26-1003 to the Committee on Appropriations.

    2026-03-10 · pass · 0-0

    Member-level votes (9)
    • Scott Bright: yes
    • Lisa Frizell: yes
    • Julie Gonzales: yes
    • Chris Kolker: yes
    • Kyle Mullica: yes
    • Cleave Simpson: yes
    • Marc Snyder: yes
    • Janice Marchman: yes
    • Cathy Kipp: yes

  • Refer House Bill 26-1003 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.

    2026-04-22 · pass · 0-0

    Member-level votes (7)
    • Julie Gonzales: yes
    • Barbara Kirkmeyer: yes
    • Chris Kolker: yes
    • Larry Liston: yes
    • Byron Pelton: yes
    • Jeff Bridges: yes
    • Judy Amabile: yes

  • BILL

    2026-04-23 · pass · 0-0

    Member-level votes (36)
    • Amabile: yes
    • Baisley: no
    • Ball: yes
    • Benavidez: yes
    • Bridges: yes
    • Bright: yes
    • Carson: no
    • Catlin: no
    • Cutter: yes
    • Danielson: yes
    • Daugherty: yes
    • Exum: yes
    • Frizell: yes
    • Gonzales J.: yes
    • Hinrichsen: yes
    • Jodeh: yes
    • Kipp: yes
    • Kirkmeyer: yes
    • Kolker: yes
    • Lindstedt: yes
    • Liston: no
    • Marchman: yes
    • Mullica: yes
    • Pelton B.: yes
    • Pelton R.: no
    • Rich: no
    • Roberts: yes
    • Rodriguez: yes
    • Simpson: yes
    • Snyder: yes
    • Sullivan: yes
    • Wallace: yes
    • Weissman: yes
    • Zamora Wilson: no
    • Coleman: yes
    • President: yes

Related bills

No related bills recorded for this bill.

Official source

https://leg.colorado.gov/bills/HB26-1003

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T03:52:26.466301Z

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