1. (1) The executive director shall develop a centralized database that includes a listing of all businesses which are interested in providing goods and services to the state. The businesses in the database shall be identified by a registration number, and the executive director shall develop a procedure for notifying the appropriate businesses whenever the state issues solicitations for goods or services which a particular business provides. The database shall be accessible through the department of personnel to all purchasing agencies designated pursuant to section 24-102-302 (2).

2. (2)

   1. (a) The executive director may require each business that wishes to be included in the database created pursuant to subsection (1) of this section to pay a registration fee as determined by the executive director. The executive director may set and collect fees as necessary to cover the direct and indirect costs that are incurred in implementing this section. The revenue from such fees shall be transmitted to the state treasurer, who shall credit the same to the supplier database cash fund, which fund is created. The general assembly shall make appropriations from the fund as necessary to implement this section. All money not expended or encumbered shall remain in the fund and shall not revert to the general fund or any other fund at the end of any fiscal year.
   2. (b) (Deleted by amendment, L. 2009, (SB 09-099), ch. 420, p. 2336, § 1, effective June 4, 2009.)

   3. (c)

      1. (I) For state fiscal years commencing on or before July 1, 2024, and on or after July 1, 2026, the state treasurer shall credit all interest and income derived from the deposit and investment of money in the supplier database cash fund to the supplier database cash fund.
      2. (II) Notwithstanding subsection (2)(a) of this section, for the state fiscal year commencing on July 1, 2025, in accordance with section 24-36-114 (1), the state treasurer shall credit all interest and income derived from the deposit and investment of money in the supplier database cash fund to the general fund.

      3. (III)

         1. (A) On June 30, 2025, the state treasurer shall transfer two hundred sixty-six thousand seven hundred ninety-eight dollars from the supplier database cash fund to the general fund.
         2. (B) This subsection (2)(c)(III) is repealed, effective July 1, 2026.

         3. (2.5)

            1. (a) The executive director shall develop and implement a statewide centralized electronic procurement system to allow the utilization of technology to create a more efficient delivery of state procurement services. The executive director may set and collect fees from vendors with cooperative purchasing agreements and from local public procurement units that are participating in the electronic procurement system, as necessary to cover the direct and indirect costs of implementing and maintaining the electronic procurement system. In addition, the executive director may collect moneys from cooperative purchasing organizations for procurement support.
            2. (b) (Deleted by amendment, L. 2017.)
            3. (c) The revenue from the fees and any moneys collected from cooperative purchasing organizations pursuant to subsection (2.5)(a) of this section shall be transmitted to the state treasurer, who shall credit the same to the supplier database cash fund created in subsection (2)(a) of this section.
3. (3) The provisions of this section shall not apply to contractors required to be approved pursuant to the provisions of section 24-30-1303 (1)(q).

Source: L. 92: Entire section added, p. 1110, § 1, effective July 1. L. 95: (1) amended, p. 662, § 93, effective July 1. L. 96: (1) and (2) amended, p. 1511, § 34, effective June 1. L. 2003: (2) amended, p. 458, § 17, effective March 5. L. 2009: (1) and (2)(b) amended and (2.5) added, (SB 09-099), ch. 420, p. 2336, § 1, effective June 4. L. 2013: (2)(a) and (2.5) amended, (HB 13-1184), ch. 75, p. 242, § 1, effective March 22. L. 2017: (1), (2)(a), and (2.5) amended, (HB 17-1051), ch. 99, p. 309, § 10, effective August 9. L. 2025: (2)(a) amended and (2)(c) added, (SB 25-317), ch. 385, p. 2158, § 38, effective June 3.

Cross references: (1) For the legislative declaration contained in the 1995 act amending subsection (1), see section 112 of chapter 167, Session Laws of Colorado 1995.

(2) For the legislative declaration in SB 25-317, see section 1 of chapter 385, Session Laws of Colorado 2025.