On June 5, 2025, the Colorado Department of the Treasury announced the successful passage of two key pieces of legislation designed to modernize unclaimed property laws and establish a new infrastructure financing authority.
These measures promise to provide Coloradans with easier access to lost funds and new avenues for financing infrastructure projects aimed at promoting long-term economic growth and community resilience.
“Today is a proud moment for our state as we take significant steps to address the economic well-being of Colorado and its citizens,” said Colorado State Treasurer Dave Young.
He emphasized the importance of long-term planning to assist individuals in recovering unclaimed funds and to enable rural towns to develop critical infrastructure projects.
Through the Building Urgent Infrastructure and Leveraging Dollars (BUILD) bill, Colorado aims to tackle pressing infrastructure needs that have historically hindered project development due to fragmented funding and limited resources at the local level.
This legislation establishes the BUILD Authority, a new state entity that will facilitate timely and coordinated financing for important infrastructure initiatives.
The BUILD Authority will leverage both public and private capital sources to move infrastructure projects from conception to completion, thereby creating large-scale investment opportunities.
Treasurer Young elaborated that BUILD is not only essential for funding; it also serves as a vehicle for equitable economic development.
The Authority will give priority to projects that generate well-paying jobs, support sustainable practices, empower underrepresented communities, and aim for long-term economic benefits.
Workforce development and strong labor standards will be integrated into infrastructure initiatives to ensure that all Coloradans benefit from these investments.
“BUILD delivers a bold, future-focused solution to Colorado’s infrastructure challenges,” remarked Treasurer Young, underlining the potential improvements in schools, water systems, roadways, and clean energy initiatives.
In addition to infrastructure advancements, the Revised Uniform Unclaimed Property Act (RUUPA) also gained approval.
This legislative update is aimed at modernizing Colorado’s unclaimed property laws to facilitate quicker claims and improve consumer protection measures.
The RUUPA reduces dormancy periods for certain assets, such as virtual currencies and retirement accounts, allowing Coloradans to reclaim their funds faster.
Moreover, it streamlines the claims process while maintaining safeguards for personal information.
The bill also clarifies guidelines surrounding digital assets and offers new timelines for unclaimed virtual currencies.
Local governments will benefit from improved mechanisms to recover owed funds, with decreased fees for third-party recovery agents to ensure that more money remains with rightful owners.
These reforms further enhance the Treasury’s Great Colorado Payback Program, which has successfully returned over $782.8 million to residents.
The updated laws are designed to accelerate the claims process and reduce barriers, making it easier for individuals to access their lost money, whether it’s due to forgotten paychecks, unclaimed refunds, or long-dormant accounts.
Leah Marvin-Riley, Policy Director for the Colorado Department of the Treasury, affirmed that these updates bring the state’s unclaimed property laws into the modern era.
She expressed confidence that the Department will exceed benchmarks while ensuring fiduciary responsibility towards safeguarding taxpayer dollars.
In conclusion, the passing of these two landmark bills marks a significant step towards securing a prosperous economic future for Colorado.
These initiatives are set to deliver substantial and lasting benefits to families, communities, and local economies across the state, reinforcing the Department of the Treasury’s commitment to building a more robust, equitable, and resilient Colorado.
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