"We are all struggling to get through this tough economic downturn – families, nonprofits and government agencies alike," Gov. Ritter said. "House Bill 1088 will lead Colorado forward by allowing nonprofits to save money on their purchases and then reinvest those dollars directly back into the vital safety-net services that more and more people need."
Gov. Ritter signed HB 1088 (Balmer/Newell) during the Colorado Nonprofit Association's Colorado Nonprofit Week Awards Luncheon.
The bill allows nonprofits that receive government funding to purchase goods at prices negotiated by the State Purchasing Office in the Department of Personnel and Administration. The bill passed the House 60-5 and the Senate 26-9.
"The state will benefit because we will be able to increase our bulk purchasing power," Gov. Ritter said. This is truly a win-win-win partnership for all of us – for nonprofits, for the state and for the people we all serve."