SB 17-263

Senate Bill 17-263, which has been signed into law, involves transferring money from various state funds to support capital projects. Specifically, it moves $68.8 million and other smaller amounts from the general fund to the capital construction fund for infrastructure improvements. Additionally, it allocates $20 million to a maintenance trust fund and $1 million to restore parts of the state capitol building. This bill affects how Colorado manages its funds for major projects and repairs, ensuring that there is money available for necessary upgrades and constructions.

Official Summary

Joint Budget Committee. For the 2017-18 fiscal year, the bill transfers: $68,840,446 from the general fund to the capital construction fund; $19,855,515 from the general fund to the information technology capital account of the capital construction fund; $500,000 from the general fund exempt account of the general fund to the capital construction fund; $20 million from the general fund to the controlled maintenance trust fund; and $1 million from the preservation grant program account of the state historical fund to the capital construction fund to restore the windows and granite exterior of the state capitol building.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Votes