Investors would fund things like preschool programs or anti-recidivism efforts and then collect a profit from future savings -- if the programs work.
2015 Colorado Legislature
The vote was party line, with Democrats in favor and Republicans opposed.
House Speaker Dickey Lee Hullinghorst wants a key change to the Senate bill: preserve the ability of homeowners to sue builders.
The Senate Judiciary Committee passed the bill after passionate testimony from supporters including the parents of Claire Davis, who was shot to death at Arapahoe High School in 2013.
The bills in response to public outcry over allegations of police misconduct in Colorado and the nation got preliminary approval by the full House Friday.
The bill faces an uncertain future once it moves to the House.
The measure was prompted by a rash of explosions and injuries resulting from amateur hash oil production.
The Senate Education Committee passed two bills aimed at addressing a public backlash against statewide testing.