Bill to allow cities to invest in U.S. securities passes House

After languishing in the House of Representatives, a bill that would allow municipalities to invest in U.S.-backed securities has passed one chamber, and could be signed by the governor tomorrow, reports the Denver Post.

The monthlong delay cost Colorado cities $3.8 million, the Post said.

House leaders would not explain the delay, saying only that different bills move at different speeds.

Read more at the Denver Business Journal.