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 key 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 established through SB25-081 to provide communities with a coordinated approach to funding projects such as water system upgrades, road repairs, clean energy development, and school improvements. The authority is able to issue tax-exempt bonds, offer loans and grants, and attract both public and private investment for regional initiatives.
The organization is designed to support economic development led by local communities. Its focus includes strengthening local economies, advancing sustainability goals, increasing opportunities for underserved areas, and encouraging long-term growth. Projects supported by BUILD will emphasize strong labor standards as well as workforce development and apprenticeship programs.
The 13-member board consists of representatives from state government, local government, organized labor, finance, and the private sector:
– Dave Young, Colorado State Treasurer
– Tana Lane, Colorado 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, Colorado Public Employees’ Retirement Association (PERA)
– Dawn Bookhardt, Butler Snow
– Kevin Erickson, MidWestOne Bank
Quarterly public meetings for the board will start on December 17. Additional information about the BUILD program is available at treasury.colorado.gov/build-program-board.
The Department of the Treasury manages public funds in Colorado from receipt through disbursement. The staff is responsible for safeguarding taxpayer money with diligence and care. More details about their responsibilities can be found at colorado.gov/treasury.
