Sunday, March 15, 2009

New Colorado Law Allows Nonprofits to Save as Much as 40% When Buying Supplies

The Denver Business Journal reports that Colorado Governor Bill Ritter signed a bill into law on Friday afternoon allowing nonprofits to save as much as 40% on their supplies — enough to possibly keep some afloat that otherwise might drown.  House Bill 1088 will allow nonprofits that receive federal, state or local government funding to buy goods at the same price negotiated by the State Purchasing Office. Because the state buys so many supplies, it receives bulk-purchasing prices that small businesses are not likely to get.

The measure sponsored by Rep. David Balmer, R-Centennial, came through the Joint Select Committee on Job Creation and Economic Growth, where backers contended that lowering the cost of goods will allow non-profits to keep or add workers.  Though some Republicans contended that the measure will hurt for-profit suppliers that also are trying to keep their heads above water during this recession, HB 1088 received heavy bipartisan support in the General Assembly.

“The nonprofits in this state have operated across so many different sectors and are so important and so vital to Colorado,” Governor Ritter said. “You’re making personal sacrifices for something you believe in, and again I say to you: ‘Thank you.’”  Ritter, who formerly served on several non-profit boards, noted too that the boost for the groups should help especially at a time when they are bringing in less money but are finding their services more in need.

More than 19,000 nonprofits operate in Colorado;  many of them receive some sort of government money.

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