SB 18-232

Senate Bill 18-232, which has been signed into law, changes how a one percent art requirement is calculated for capital construction projects funded through lease-purchase agreements. Instead of basing the calculation on the total project cost, it will now be based only on the portion that the state funds. This affects any public building or infrastructure project where the state contributes money and requires artwork to be purchased with part of the budget. Now that it's signed, this law is in effect and guiding how these projects allocate funds for art purchases.

Official Summary

Capital Development Committee. The bill clarifies that for any capital construction project that is the subject of a lease-purchase agreement, the one percent of the total construction costs that is required to be used for the acquisition of works of art is calculated on the state-funded portion of the total construction costs and not on the total construction costs.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.) , Read More

Votes