HB 24-1422
signedCapital Renewal Project Cost Threshold
Plain-English Summary
AI-generatedHouse Bill 24-1422 increases the cost threshold for when maintenance projects on state property are considered major "capital renewal" projects from $2 million to $4.7 million. This means that any project costing more than $4.7 million will now be treated as a capital renewal, which likely involves more rigorous planning and oversight. The bill also requires the Department of Personnel to adjust this threshold for inflation every three years starting in 2029 and to publish it online. The governor signed this bill into law on April 29, 2024, and it will take effect on August 7, 2024.
Official Summary
The act increases the cost threshold above which a controlled maintenance project of real property is deemed to be "capital renewal" (cost threshold) from $2 million to $4.7 million. The act also requires the department of personnel to adjust the cost threshold for inflation every 3 years beginning on January 1, 2029, and to publish the cost threshold on its website.
APPROVED by Governor April 29, 2024
EFFECTIVE August 7, 2024(Note: This summary applies to this bill as enacted.)
Details
- Chamber
- House
- First action
- 2024-04-29
- Latest action
- 2024-03-25
- Last action desc.
- Introduced In House - Assigned to Appropriations
- OpenStates
- View source ↗
Related Legislation
This bill affects (18)
amendsHB 18-1374(2018A)· signedControlled Maintenance Financed Acquired Prop
amendsSB 22-162(2022A)· signedAdministration Organization Act Modernization
amendsHB 22-1340(2022A)· signedCapital-related Transfers Of Money
amendsSB 22-130(2022A)· signedState Entity Authority For Public-private Partnerships
amendsHB 22-1362(2022A)· signedBuilding Greenhouse Gas Emissions
amendsHB 17-1058(2017A)· signedReporting Requirements By Department Of Personnel And Administration To General Assembly
amendsHB 17-1257(2017A)· signedReporting Requirements By Department Of Natural Resources To General Assembly
amendsHB 17-1051(2017A)· signedProcurement Code Modernization
amendsSB 23-001(2023A)· signedAuthority Of Public-private Collaboration Unit For Housing
amendsHB 24-1184(2024A)· signedDepartment of Governor, Lieutenant Governor, & Office of State Planning and Budgeting Supplemental
amendsHB 18-1371(2018A)· signedCapital Construction Budget Items
amendsHB 17-1082(2017A)· signedBEST Building Excellent Schools Today Act Technology Grant Funding
amendsSB 18-267(2018A)· signedCreate Justice Center Maintenance Fund
amendsSB 18-208(2018A)· signedCreate Governor's Mansion Maintenance Fund
amendsHB 22-1172(2022A)· signedDepartment of Governor, Lt Governor, & OSPB Supplemental
amendsSB 23-116(2023A)· signedDepartment of Governor, Lt. Governor, & OSPB Supplemental
amendsHB 17-1317(2017A)· signedState Historical Society Authority To Sell Property
amendsSB 17-267(2017A)· signedSustainability Of Rural Colorado
Affected by (12)
relatesHB 25-1245(2025A)· signedHeating Ventilation & Air Conditioning Improvement Projects in Schools
relatesHB 25-1313(2025A)· signedModify Laws Within Purview of the Capital Development Committee
relatesHB 26-1406(2026A)· signedRepeal Capital Construction Funding Requirements
relatesHB 26-1001(2026A)· signedHousing Developments on Qualifying Properties
relatesHB 24-1307(2024A)· signedHVAC Improvements for Public Schools
relatesHB 26-1154(2026A)· signedDepartment of Governor, Lt. Governor, and Office of State Planning & Budgeting Supplemental
relatesHB 26-1132(2026A)· signedPractices to Support Pollinators
relatesSB 24-179(2024A)· signedFloodplain Management Program
relatesSB 25-092(2025A)· signedDepartment of Governor, Lt. Governor, and Office of State Planning & Budgeting Supplemental
relatesSB 25-262(2025A)· signedChanges to Money in the Capital Construction Fund
repealsHB 26-1405(2026A)· signedCash Fund Transfers to General Fund
repealsSB 25-156(2025A)· signedReducing Costs of State Regulation
Votes
REPASS
2024-04-18 · House · pass — Yes: 56 · No: 5 · Other: —
ADOPT
2024-04-18 · House · pass — Yes: 55 · No: 6 · Other: —
ADOPT CCR
2024-04-17 · Senate · pass — Yes: 31 · No: 4 · Other: —
REPASS
2024-04-17 · Senate · pass — Yes: 28 · No: 7 · Other: —
NOT CNCR
2024-04-09 · House · pass — Yes: 61 · No: 0 · Other: —
BILL
2024-04-05 · Senate · pass — Yes: 23 · No: 2 · Other: —
BILL
2024-04-01 · House · pass — Yes: 56 · No: 8 · Other: —