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March 11, 2024 SB 24-177
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Fiscal Note
Drafting Number:
Prime Sponsors:
LLS 24-0716
Sen. Mullica; Simpson
Rep. Catlin; Story
Date:
Bill Status:
Fiscal Analyst:
March 11, 2024
Senate State Affairs
Matt Bishop | 303-866-4796
matt.bishop@coleg.gov
Bill Topic: HISTORY COLORADO TO DISPOSE OF STORAGE FACILITY
Summary of
Fiscal Impact:
☒ State Revenue
☒ State Expenditure
☐ State Transfer
☐ TABOR Refund
☐ Local Government
☐ Statutory Public Entity
The bill authorizes History Colorado to sell one property. It increases state revenue
and minimally increases state workload in FY 2024-25.
Appropriation
Summary:
No appropriation is required.
Fiscal Note
Status:
The fiscal note reflects the introduced bill, which was recommended by the Capital
Development Committee.
Summary of Legislation
The bill authorizes History Colorado to sell a storage facility in Denver. The sale is subject to
approval by the Capital Development Committee and the State Controller. The proceeds of any
sale are credited to the State Museum Cash Fund to be used for a new storage facility or for
controlled maintenance expenditures.
State Revenue
The disposition of real property, assumed to take place in FY 2024-25, will increase revenue to
the State Museum Cash Fund. This revenue depends on future terms of sale and has not been
estimated.
State Expenditures
The approval of any sales will minimally increase workload in the Legislative Department and the
Department of Personnel and Administration. No change in appropriations is required.
Any expenditure from the State Museum Cash Fund for the purposes allowed by the bill will be
addressed through the annual budget process.
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March 11, 2024 SB 24-177
Effective Date
The bill takes effect 90 days following adjournment of the General Assembly sine die, assuming
no referendum petition is filed.
State and Local Government Contacts
History Colorado Personnel and Administration
The revenue and expenditure impacts in this fiscal note represent changes from current law under the bill for each
fiscal year. For additional information about fiscal notes, please visit the General Assembly website.