HB 17-1144

HB 17-1144, a Colorado bill that has been signed into law, updates how the state handles funding for capital construction projects. It requires the government to include specific annual payments in the budget for these projects and clarifies that one appropriation can cover multiple assets. The bill also specifies that lottery funds allocated to parks and wildlife are not considered part of the cash fund used for capital construction. This change affects how state agencies manage their budgets for building and maintaining infrastructure, ensuring clearer financial planning and accountability.

Official Summary

Capital Development Committee. In the case of appropriations for capital construction, not including information technology projects, the bill requires the general assembly to include an annual depreciation-lease equivalent payment line item payable from the cash fund that is the funding source for the capital construction appropriation in the operating section of the annual general appropriation act for each state agency. The bill also clarifies that one appropriation may be for the acquisition, repair, improvement, replacement, renovation, or construction of more than one capital asset. The bill clarifies that 'cash fund' does not include the money allocated to the division of parks and wildlife from lottery proceeds as specified in section 3 of article XXVII of the state constitution. (Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Votes