Colorado draft legislation

Colorado public banking groups release draft legislation targeted for introduction by State Legislature in 2023

Following more than 600 hours of research, analysis, discussion, debate, and editing, the Rocky Mountain Public Banking Institute and the steering committee of the Colorado Public Banking Coalition (CPBC) have completed a Draft Bill for the Establishment of Local Public Banks by Colorado cities and counties. Concurrently, CPBC advocates have launched a campaign to build community support over the next nine months to advance this landmark bill.

The bill defines “a new entity called a ‘public bank’ for the express purpose of serving the public good of the people of its political subdivision or subdivisions” and addresses many anticipated challenges to the legislation in its introductory General Provisions.

[Read draft legislation]
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