HB 18-1372

HB 18-1372 is a Colorado bill that allows the Department of Human Services' regional center depreciation account to be exempt from certain funding requirements related to capital construction. This means that this specific fund won't have to follow automatic rules for paying future costs tied to state-owned buildings and infrastructure. The bill has been signed into law, so it's now official policy affecting how this particular fund is managed.

Official Summary

Capital Development Committee. The bill exempts the department of human services' regional center depreciation account in the capital construction fund from the definition of 'cash fund' for purposes of the requirements under the automatic cash fund funding mechanism for payment of future costs attributable to certain of the state's capital assets.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

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