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July 8, 2024 SB 24-178
Legislative Council Staff
Nonpartisan Services for Colorado’s Legislature
Final Fiscal Note
Drafting Number:
Prime Sponsors:
LLS 24-0405
Sen. Hinrichsen; Simpson
Rep. Story; Lindsay
Date:
Bill Status:
Fiscal Analyst:
July 8, 2024
Signed into Law
Matt Bishop | 303-866-4796
matt.bishop@coleg.gov
Bill Topic: DUPLICATIVE INVENTORY OF STATE -OWNED REAL PROPERTY
Summary of
Fiscal Impact:
☐ State Revenue
☒ State Expenditure
☐ State Transfer
☐ TABOR Refund
☐ Local Government
☐ Statutory Public Entity
The bill repeals a reporting requirement regarding nondeveloped state property. It
minimally decreases state workload beginning in FY 2024-25.
Appropriation
Summary:
No appropriation is required.
Fiscal Note
Status:
The final fiscal note reflects the enacted bill.
Summary of Legislation
Under current law, each state agency and each state institution of higher education must
annually submit a list of all nondeveloped real property to the Capital Development Committee.
The committee and the Department of Local Affairs must provide access to the list on their
websites. The bill repeals these requirements. Similar information is captured in an inventory of
unused state-owned property maintained by the Office of the State Architect.
State Expenditures
The bill minimally decreases workload for state entities that no long have to submit updates to
the legislature, and for legislative staff and the Department of Local Affairs that no longer have
to maintain the lists online. No change in appropriations is required.
Effective Date
The bill was signed into law by the Governor on April 19, 2024, and takes effect on
August 7, 2024, assuming no referendum petition is filed.
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July 8, 2024 SB 24-178
State and Local Government Contacts
Legislative Council Staff Local Affairs 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.