The Colorado Department of the Treasury has announced the formation of the first Board of Directors for the Building Urgent Infrastructure and Leveraging Dollars (BUILD) Authority, a new state entity focused on financing infrastructure projects.
Colorado State Treasurer Dave Young will chair the 13-member board. “Colorado deserves dependable, flexible financial tools to tackle our urgent infrastructure challenges,” said Young. “With the Board now in place, BUILD can begin its work to finance and foster more resilient and sustainable communities across the state.”
The BUILD Authority was created through SB25-081 to provide communities with coordinated funding options for projects such as water system upgrades, road repairs, clean energy initiatives, and school improvements. The authority is able to issue tax-exempt bonds, make loans and grants, and combine public and private capital for regional projects.
According to the Colorado Department of the Treasury, BUILD is designed to promote community-led economic development by supporting projects that help local economies grow, meet sustainability objectives, create opportunities in underserved areas, and encourage long-term progress. The organization also intends to uphold strong labor standards by incorporating workforce development and apprenticeship programs into financed projects.
The 13-member board includes representatives from various sectors: state government officials, local leaders, organized labor members, finance professionals, and private sector participants. Members are:
Dave Young (State Treasurer), Tana Lane (State Architect), Kyle Mullica (State Senator SD-24), Byron Pelton (State Senator SD-1), Tamara Pogue (Summit County Commissioner), Anna Bertanzetti (City and County of Broomfield), Mark Heller (Colorado Educational and Cultural Facilities Authority), Nathan Cooper (SMACNA Colorado), Jason Wardrip (Colorado Building Construction and Trades Council), Jeremy Ross (IBEW 68), Bessie Conty (PERA), Dawn Bookhardt (Butler Snow), Kevin Erickson (MidWestOne Bank).
The board plans to hold quarterly public meetings starting December 17. More details are available at treasury.colorado.gov/build-program-board.
The Colorado Department of the Treasury oversees management of public funds in Colorado. Its responsibilities include receiving taxpayer money and ensuring proper accounting until disbursement. For further information about its role or activities visit colorado.gov/treasury.
