Colorado 2024 Regular Session

Colorado Senate Bill SB224 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
	1	+	Second Regular Session
	2	+	Seventy-fourth General Assembly
	3	+	STATE OF COLORADO
	4	+	REREVISED
	5	+	This Version Includes All Amendments
	6	+	Adopted in the Second House
	7	+	LLS NO. 24-1086.01 Nicole Myers x4326
1	8		SENATE BILL 24-224
2		-	BY SENATOR(S) Bridges and Kirkmeyer, Zenzinger, Baisley, Priola,
3		-	Rich, Smallwood;
4		-	also REPRESENTATIVE(S) Bird and Taggart, Sirota, Frizell, Joseph,
5		-	Marshall, Titone.
	9	+	Senate Committees House Committees
	10	+	Appropriations Appropriations
	11	+	A BILL FOR AN ACT
6	12		C
7		-	ONCERNING MECHANISMS TO MANAGE TECHNOLOGY LIFE -CYCLE COSTS.
8		-
9		-	Be it enacted by the General Assembly of the State of Colorado:
10		-	SECTION 1. In Colorado Revised Statutes, add 24-37.5-126 and
11		-	24-37.5-127 as follows:
12		-	24-37.5-126. Promulgation of rules - technology life-cycle
13		-	management plan. O
14		-	N OR BEFORE DECEMBER 31, 2024, THE OFFICE SHALL
15		-	PROMULGATE RULES IN ACCORDANCE WITH ARTICLE
16		-	4 OF THIS TITLE TO
17		-	ESTABLISH A TECHNOLOGY LIFE
18		-	-CYCLE PLAN. THE RULES MAY CONSIDER
19		-	INFORMATION SECURITY RISK
20		-	, INFRASTRUCTURE RISK, OPERATING COST
21		-	MISALIGNMENT
22		-	, PRODUCTIVITY COST MISALIGNMENT , OR TALENT
23		-	DEPRECIATION IN CONNECTION WITH AN INFORMATION TECHNOLOGY SYSTEM
24		-	OR ASSET
25		-	.
26		-	24-37.5-127. Funding for technology life-cycle costs -
27		-	________
28		-	Capital letters or bold & italic numbers indicate new material added to existing law; dashes
29		-	through words or numbers indicate deletions from existing law and such material is not part of
30		-	the act. information technology annual depreciation-lease equivalent payments
31		-	- fiscal impact analysis - definitions. (1) A
32		-	S USED IN THIS SECTION,
33		-	UNLESS THE CONTEXT OTHERWISE REQUIRES :
	13	+	ONCERNING MECHANISMS TO MANAGE TECHNOLOGY LIFE -CYCLE
	14	+	101
	15	+	COSTS.102
	16	+	Bill Summary
	17	+	(Note: This summary applies to this bill as introduced and does
	18	+	not reflect any amendments that may be subsequently adopted. If this bill
	19	+	passes third reading in the house of introduction, a bill summary that
	20	+	applies to the reengrossed version of this bill will be available at
	21	+	http://leg.colorado.gov/
	22	+	.)
	23	+	Joint Budget Committee. On or before December 31, 2024, the
	24	+	governor's office of information technology (office) is required to
	25	+	promulgate rules that define technology debt. In defining technology debt,
	26	+	the office may describe technology debt as an information technology
	27	+	system or asset characterized by information security risk, infrastructure
	28	+	risk, operating cost misalignment, productivity cost misalignment, or
	29	+	HOUSE
	30	+	3rd Reading Unamended
	31	+	May 5, 2024
	32	+	HOUSE
	33	+	Amended 2nd Reading
	34	+	May 4, 2024
	35	+	SENATE
	36	+	3rd Reading Unamended
	37	+	May 2, 2024
	38	+	SENATE
	39	+	Amended 2nd Reading
	40	+	May 1, 2024
	41	+	SENATE SPONSORSHIP
	42	+	Bridges and Kirkmeyer, Zenzinger, Baisley, Priola, Rich, Smallwood
	43	+	HOUSE SPONSORSHIP
	44	+	Bird and Taggart, Sirota, Frizell, Joseph, Marshall, Titone
	45	+	Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
	46	+	Capital letters or bold & italic numbers indicate new material to be added to existing law.
	47	+	Dashes through the words or numbers indicate deletions from existing law. talent depreciation.
	48	+	For every appropriation for an information technology capital
	49	+	project in the information technology capital section of the annual general
	50	+	appropriation act for the 2025-26 state fiscal year and each state fiscal
	51	+	year thereafter, the bill requires the general assembly to set aside
	52	+	additional funding for information technology annual depreciation-lease
	53	+	equivalent payments.
	54	+	On or before November 1, 2025, and on or before November 1 of
	55	+	each year thereafter, the office is required to submit a report to the joint
	56	+	budget committee and the joint technology committee that provides an
	57	+	estimate of the state's technology debt, as defined by rules promulgated
	58	+	by the office pursuant to the bill.
	59	+	For each cash fund from which money is appropriated for an
	60	+	information technology capital project, the principal department
	61	+	responsible for the accounting related to the fund is required to identify
	62	+	in the fund balance report an information technology capital reserve,
	63	+	which consists of an amount equal to the depreciation of the depreciable
	64	+	components of the information technology capital project, based on the
	65	+	depreciation period.
	66	+	Be it enacted by the General Assembly of the State of Colorado:1
	67	+	SECTION 1. In Colorado Revised Statutes, add 24-37.5-124 and2
	68	+	24-37.5-125 as follows:3
	69	+	24-37.5-124. Promulgation of rules - technology life-cycle
	70	+	4
	71	+	management plan. ON OR BEFORE DECEMBER 31, 2024, THE OFFICE5
	72	+	SHALL PROMULGATE RULES IN ACCORDANCE WITH ARTICLE 4 OF THIS TITLE6
	73	+	TO ESTABLISH A TECHNOLOGY LIFE -CYCLE PLAN. THE RULES MAY7
	74	+	CONSIDER INFORMATION SECURITY RISK , INFRASTRUCTURE RISK ,8
	75	+	OPERATING COST MISALIGNMENT, PRODUCTIVITY COST MISALIGNMENT, OR9
	76	+	TALENT DEPRECIATION IN CONNECTION WITH AN INFORMATION 10
	77	+	TECHNOLOGY SYSTEM OR ASSET .11
	78	+	24-37.5-125. Funding for technology life-cycle costs -12
	79	+	information technology annual depreciation-lease equivalent13
	80	+	payments - fiscal impact analysis - definitions. (1) A
	81	+	S USED IN THIS14 224-2- SECTION, UNLESS THE CONTEXT OTHERWISE REQUIRES :1
34	82		(a) "A
35		-	PPROPRIATION" MEANS AN APPROPRIATION FROM THE
36		-	INFORMATION TECHNOLOGY CAPITAL ACC OUNT IN THE CAPITAL
37		-	CONSTRUCTION FUND TO ANY STATE AGENCY FOR AN INFORMATION
38		-	TECHNOLOGY CAPITAL PROJECT IN THE CAPITAL CONSTRUCTION SECTION OF
39		-	THE ANNUAL GENERAL APPROPRIATION ACT
40		-	.
	83	+	PPROPRIATION" MEANS AN APPROPRIATION FROM THE2
	84	+	INFORMATION TECHNOLOGY CAPITAL ACCOUNT IN THE CAPITAL3
	85	+	CONSTRUCTION FUND TO ANY STATE AGENCY FOR AN INFORMATION4
	86	+	TECHNOLOGY CAPITAL PROJECT IN THE CAPITAL CONSTRUCTION SECTION5
	87	+	OF THE ANNUAL GENERAL APPROPRIATION ACT .6
41	88		(b) "C
42		-	APITAL CONSTRUCTION FUND " MEANS THE CAPITAL
43		-	CONSTRUCTION FUND CREATED IN SECTION
44		-	24-75-302.
45		-	(c) "C
46		-	ASH FUND" DOES NOT INCLUDE:
47		-	(I) T
48		-	HE LOTTERY FUND CREATED IN SECTION 44-40-111;
49		-	(II) T
50		-	HE LIMITED GAMING FUND CREATED IN SECTION 44-30-701 (1);
51		-	(III) M
52		-	ONEY ALLOCATED TO THE DIVISION OF PARKS AND WILDLIFE
53		-	FROM LOTTERY PROCEEDS AS SPECIFIED IN SECTION
54		-	3 OF ARTICLE XXVII OF
55		-	THE STATE CONSTITUTION
56		-	;
57		-	(IV) T
58		-	HE WILDLIFE CASH FUND CREATED IN SECTION 33-1-112 (1)(a);
59		-	OR
60		-	(V) THE LEGISLATIVE DEPARTMENT CASH FUND CREATED IN SECTION
61		-	2-2-1601 (1)(a) AND THE LEGISLATIVE REDISTRICTING ACCOUNT CREATED
62		-	IN SECTION
63		-	2-2-1601 (2.5).
64		-	(d) "D
65		-	EPRECIATION OR AMORTIZATION " MEANS AN AMOUNT
66		-	CALCULATED AND RECORDED IN ACCORDANCE WITH GENERALLY ACCEPTED
67		-	ACCOUNTING PRINCIPLES
68		-	.
69		-	(e) "D
70		-	EPRECIATION OR AMORTIZATION PERIOD " MEANS A PERIOD
71		-	DETERMINED IN FISCAL PROCEDURES ISSUED BY THE STATE CONTROLLER OR
72		-	THE STATE INSTITUTION OF HIGHER EDUCATION
73		-	.
74		-	(f) "I
75		-	NFORMATION TECHNOLOGY ANNUAL DEPRECIATION -LEASE
76		-	EQUIVALENT PAYMENT
77		-	" MEANS AN AMOUNT EQUIVALENT TO THE RECORDED
78		-	PAGE 2-SENATE BILL 24-224 DEPRECIATION OR AMORTIZATION OF THE INFORMATION TECHNOLOGY ASSET
79		-	ACQUIRED
80		-	, REPAIRED, IMPROVED, REPLACED, RENOVATED, OR CONSTRUCTED
81		-	WITH AN APPROPRIATION FROM THE INFORMATION TECHNOLOGY CAPITAL
82		-	ACCOUNT IN THE CAPITAL CONSTRUCTION FUND BASED ON THE
83		-	DEPRECIATION PERIOD
84		-	, AS CALCULATED BY THE STATE AGENCY OR THE
85		-	STATE INSTITUTION OF HIGHER EDUCATION
86		-	, WHICH CALCULATION A STATE
87		-	INSTITUTION OF HIGHER EDUCATION SHALL REPORT TO THE DEPARTMENT OF
88		-	HIGHER EDUCATION
89		-	. THE AMOUNT IS CALCULATED FROM THE DATE OF
90		-	ACQUISITION OR THE DATE OF COMPLETION OF THE REPAIR
91		-	, IMPROVEMENT,
92		-	REPLACEMENT, RENOVATION, OR CONSTRUCTION TO JUNE 30 OF THE FISCAL
93		-	YEAR OF ACQUISITION OR COMPLETION
94		-	. THE AMOUNT CONTINUES TO BE
95		-	ANNUALLY CALCULATED ON A FISCAL YEAR BASIS UNTIL THE DEPRECIATION
96		-	FOR THE INFORMATION TECHNOLOGY ASSET IS NO LONGER RECORDED
97		-	.
98		-	(g) "P
99		-	ROJECT COST" MEANS THE DEPRECIABLE COMPONENTS OF THE
100		-	TOTAL PROJECT COST AS REFLECTED IN THE APPROPRIATION
101		-	; EXCEPT THAT,
102		-	IF THE PROJECT IS FINANCED, THE TOTAL PROJECT COST DOES NOT INCLUDE
103		-	ANY FINANCING COSTS
104		-	.
105		-	(h) "S
106		-	TATE AGENCY" MEANS ANY DEPARTMENT , COMMISSION,
107		-	COUNCIL, BOARD, BUREAU, COMMITTEE, INSTITUTION OF HIGHER
108		-	EDUCATION
109		-	, AGENCY, OR OTHER GOVERNMENTAL UNIT OF THE EXECUTIVE ,
110		-	LEGISLATIVE, OR JUDICIAL BRANCH OF STATE GOVERNMENT THAT RECEIVES
111		-	AN APPROPRIATION OR IS OTHERWISE INCLUDED IN THE ANNUAL GENERAL
112		-	APPROPRIATION ACT OR THE ANNUAL LEGISLATIVE APPROPRIATION ACT
113		-	.
114		-	(i) "T
115		-	ECHNOLOGY RISK PREVENTION AND RESPONSE FUND " MEANS
116		-	THE TECHNOLOGY RISK PREVENTION AND RESPONSE FUND CREATED IN
117		-	SECTION
118		-	24-37.5-120 (2).
	89	+	APITAL CONSTRUCTION FUND " MEANS THE CAPITAL7
	90	+	CONSTRUCTION FUND CREATED IN SECTION 24-75-302.8
	91	+	(c) "CASH FUND" DOES NOT INCLUDE:9
	92	+	(I) THE LOTTERY FUND CREATED IN SECTION 44-40-111;10
	93	+	(II) THE LIMITED GAMING FUND CREATED IN SECTION 44-30-70111
	94	+	(1);12
	95	+	(III) MONEY ALLOCATED TO THE DIVISION OF PARKS AND WILDLIFE13
	96	+	FROM LOTTERY PROCEEDS AS SPECIFIED IN SECTION 3 OF ARTICLE XXVII14
	97	+	OF THE STATE CONSTITUTION;15
	98	+	(IV) THE WILDLIFE CASH FUND CREATED IN SECTION 33-1-11216
	99	+	(1)(a); OR17
	100	+	(V) THE LEGISLATIVE DEPARTMENT CASH FUND CREATED IN18
	101	+	SECTION 2-2-1601 (1)(a) AND THE LEGISLATIVE REDISTRICTING ACCOUNT19
	102	+	CREATED IN SECTION 2-2-1601 (2.5).20
	103	+	(d) "DEPRECIATION OR AMORTIZATION " MEANS AN AMOUNT21
	104	+	CALCULATED AND RECORDED IN ACCORDANCE WITH GENERALLY22
	105	+	ACCEPTED ACCOUNTING PRINCIPLES .23
	106	+	(e) "DEPRECIATION OR AMORTIZATION PERIOD " MEANS A PERIOD24
	107	+	DETERMINED IN FISCAL PROCEDURES ISSUED BY THE STATE CONTROLLER25
	108	+	OR THE STATE INSTITUTION OF HIGHER EDUCATION .26
	109	+	(f) "INFORMATION TECHNOLOGY ANNUAL DEPRECIATION -LEASE27
	110	+	224
	111	+	-3- EQUIVALENT PAYMENT " MEANS AN AMOUNT EQUIVALENT TO THE1
	112	+	RECORDED DEPRECIATION OR AMORTIZATION OF THE INFORMATION2
	113	+	TECHNOLOGY ASSET ACQUIRED , REPAIRED, IMPROVED, REPLACED,3
	114	+	RENOVATED, OR CONSTRUCTED WITH AN APPROPRIATION FROM THE4
	115	+	INFORMATION TECHNOLOGY CAPITAL ACCOUNT IN THE CAPITAL5
	116	+	CONSTRUCTION FUND BASED ON THE DEPRECIATION PERIOD , AS6
	117	+	CALCULATED BY THE STATE AGENCY OR THE STATE INSTITUTION OF7
	118	+	HIGHER EDUCATION, WHICH CALCULATION A STATE INSTITUTION OF8
	119	+	HIGHER EDUCATION SHALL REPORT TO THE DEPARTMENT OF HIGHER9
	120	+	EDUCATION. THE AMOUNT IS CALCULATED FROM THE DATE OF10
	121	+	ACQUISITION OR THE DATE OF COMPLETION OF THE REPAIR, IMPROVEMENT,11
	122	+	REPLACEMENT, RENOVATION, OR CONSTRUCTION TO JUNE 30 OF THE12
	123	+	FISCAL YEAR OF ACQUISITION OR COMPLETION . THE AMOUNT CONTINUES13
	124	+	TO BE ANNUALLY CALCULATED ON A FISCAL YEAR BASIS UNTIL THE14
	125	+	DEPRECIATION FOR THE INFORMATION TECHNOLOGY ASSET IS NO LONGER15
	126	+	RECORDED.16
	127	+	(g) "PROJECT COST" MEANS THE DEPRECIABLE COMPONENTS OF17
	128	+	THE TOTAL PROJECT COST AS REFLECTED IN THE APPROPRIATION ; EXCEPT18
	129	+	THAT, IF THE PROJECT IS FINANCED, THE TOTAL PROJECT COST DOES NOT19
	130	+	INCLUDE ANY FINANCING COSTS.20
	131	+	(h) "STATE AGENCY" MEANS ANY DEPARTMENT , COMMISSION,21
	132	+	COUNCIL, BOARD, BUREAU, COMMITTEE, INSTITUTION OF HIGHER22
	133	+	EDUCATION, AGENCY, OR OTHER GOVERNMENTAL UNIT OF THE EXECUTIVE ,23
	134	+	LEGISLATIVE, OR JUDICIAL BRANCH OF STATE GOVERNMENT THAT24
	135	+	RECEIVES AN APPROPRIATION OR IS OTHERWISE INCLUDED IN THE ANNUAL25
	136	+	GENERAL APPROPRIATION ACT OR THE ANNUAL LEGISLATIVE26
	137	+	APPROPRIATION ACT.27
	138	+	224
	139	+	-4- (i) "TECHNOLOGY RISK PREVENTION AND RESPONSE FUND " MEANS1
	140	+	THE TECHNOLOGY RISK PREVENTION AND RESPONSE FUND CREATED IN2
	141	+	SECTION 24-37.5-120 (2).3
119	142		(2) F
120		-	OR EVERY INITIAL APPROPRIATION FOR AN INFORMATION
121		-	TECHNOLOGY CAPITAL PROJECT IN THE CAPITAL CONSTRUCTION SECTION OF
122		-	THE
123		-	2025-26 ANNUAL GENERAL APPROPRIATION ACT AND EVERY
124		-	APPROPRIATION FOR AN INFORMATION TECHNOLOGY CAPITAL PROJECT IN
125		-	THE CAPITAL CONSTRUCTION SECTION OF EACH ANNUAL GENERAL
126		-	APPROPRIATION ACT THEREAFTER
127		-	, ADDITIONAL FUNDING MUST BE SET ASIDE
128		-	AS FOLLOWS
129		-	:
	143	+	OR EVERY INITIAL APPROPRIATION FOR AN INFORMATION4
	144	+	TECHNOLOGY CAPITAL PROJECT IN THE CAPITAL CONSTRUCTION SECTION5
	145	+	OF THE 2025-26 ANNUAL GENERAL APPROPRIATION ACT AND EVERY6
	146	+	APPROPRIATION FOR AN INFORMATION TECHNOLOGY CAPITAL PROJECT IN7
	147	+	THE CAPITAL CONSTRUCTION SECTION OF EACH ANNUAL GENERAL8
	148	+	APPROPRIATION ACT THEREAFTER , ADDITIONAL FUNDING MUST BE SET9
	149	+	ASIDE AS FOLLOWS:10
130	150		(a) I
131		-	F THE FUNDING SOURCE FOR THE APPROPRIATION IS FROM A CASH
132		-	FUND
133		-	, THE STATE AGENCY SHALL ANNUALLY CALCULATE AN AM OUNT EQUAL
134		-	PAGE 3-SENATE BILL 24-224 TO THE RECORDED DEPRECIATION OF THE INFORMATION TECHNOLOGY
135		-	ASSETS ACQUIRED
136		-	, REPAIRED, IMPROVED, REPLACED, RENOVATED, OR
137		-	CONSTRUCTED WITH THE APPROPRIATION BASED ON THE DEPRECIATION
138		-	PERIOD
139		-	, THE GENERAL ASSEMBLY SHALL INCLUDE AN INFORMATION
140		-	TECHNOLOGY ANNUAL DEPRECIATION
141		-	-LEASE EQUIVALENT PAYMENT LINE
142		-	ITEM PAYABLE FROM THE CASH FUND IN THE OPERATING SECTION OF THE
143		-	ANNUAL GENERAL APPROPRIATION ACT FOR THE STATE AGENCY
144		-	, AND, ON
145		-	JULY 1 OF THE STATE FISCAL YEAR TO WHICH THE ACT APPLIES , THE STATE
146		-	CONTROLLER SHALL CREDIT SUCH AMOUNT FROM THE CASH FUND THAT WAS
147		-	THE SOURCE OF THE FUNDING FOR THE APPROPRIATION TO AN INFORMATION
148		-	TECHNOLOGY CAPITAL RESERVE ACCOUNT ESTABLISHED BY THE STATE
149		-	AGENCY IN THAT CASH FUND AS SPECIFIED IN SECTION
150		-	24-75-403 (2.5).
	151	+	F THE FUNDING SOURCE FOR THE APPROPRIATION IS FROM A11
	152	+	CASH FUND, THE STATE AGENCY SHALL ANNUALLY CALCULATE AN12
	153	+	AMOUNT EQUAL TO THE RECORDED DEPRECIATION OF THE INFORMATION13
	154	+	TECHNOLOGY ASSETS ACQUIRED , REPAIRED, IMPROVED, REPLACED,14
	155	+	RENOVATED, OR CONSTRUCTED WITH THE APPROPRIATION BASED ON THE15
	156	+	DEPRECIATION PERIOD, THE GENERAL ASSEMBLY SHALL INCLUDE AN16
	157	+	INFORMATION TECHNOLOGY ANNUAL DEPRECIATION -LEASE EQUIVALENT17
	158	+	PAYMENT LINE ITEM PAYABLE FROM THE CASH FUND IN THE OPERATING18
	159	+	SECTION OF THE ANNUAL GENERAL APPROPRIATION ACT FOR THE STATE19
	160	+	AGENCY, AND, ON JULY 1 OF THE STATE FISCAL YEAR TO WHICH THE ACT20
	161	+	APPLIES, THE STATE CONTROLLER SHALL CREDIT SUCH AMOUNT FROM THE21
	162	+	CASH FUND THAT WAS THE SOURCE OF THE FUNDING FOR THE22
	163	+	APPROPRIATION TO AN INFORMATION TECHNOLOGY CAPITAL RESERVE23
	164	+	ACCOUNT ESTABLISHED BY THE STATE AGENCY IN THAT CASH FUND AS24
	165	+	SPECIFIED IN SECTION 24-75-403 (2.5).25
151	166		(b) I
152		-	F THE FUNDING SOURCE FOR THE APPROPRIATION IS FROM THE
153		-	GENERAL FUND OR THE INFORMATION TECHNOLOGY CAPITAL ACCOUNT IN
154		-	THE CAPITAL CONSTRUCTION FUND
155		-	, THE GENERAL ASSEMBLY SHALL INCLUDE
156		-	AN INFORMATION TECHNOLOGY ANNUAL DEPRECIATION
157		-	-LEASE EQUIVALENT
158		-	PAYMENT LINE ITEM PAYABLE FROM THE GENERAL FUND IN THE OPERATING
159		-	SECTION OF THE ANNUAL GENERAL APPROPRIATION ACT FOR EACH STATE
160		-	AGENCY
161		-	, INCLUDING THE DEPARTMENT OF HIGHER EDUCATION . ON JULY 1
162		-	OF THE STATE FISCAL YEAR TO WHICH THE ACT APPLIES , THE STATE
163		-	CONTROLLER SHALL CREDIT THE INFORMATION TECHNOLOGY ANNUAL
164		-	DEPRECIATION
165		-	-LEASE EQUIVALENT PAYMENT LINE ITEM TO THE
166		-	INFORMATION TECHNOLOGY CAPITAL ACCOUNT
167		-	; EXCEPT THAT, OF THAT
168		-	PAYMENT
169		-	, AN AMOUNT EQUAL TO ONE PERCENT OF THE PROJECT COST MUST
170		-	BE DEDUCTED FROM THE PAYMENT AND CREDITED TO THE PRINCIPAL OF THE
171		-	TECHNOLOGY RISK PREVENTION AND RESPONSE FUND
172		-	.
	167	+	F THE FUNDING SOURCE FOR THE APPROPRIATION IS FROM THE26
	168	+	GENERAL FUND OR THE INFORMATION TECHNOLOGY CAPITAL ACCOUNT IN27
	169	+	224
	170	+	-5- THE CAPITAL CONSTRUCTION FUND , THE GENERAL ASSEMBLY SHALL1
	171	+	INCLUDE AN INFORMATION TECHNOLOGY ANNUAL DEPRECIATION -LEASE2
	172	+	EQUIVALENT PAYMENT LINE ITEM PAYABLE FROM THE GENERAL FUND IN3
	173	+	THE OPERATING SECTION OF THE ANNUAL GENERAL APPROPRIATION ACT4
	174	+	FOR EACH STATE AGENCY , INCLUDING THE DEPARTMENT OF HIGHER5
	175	+	EDUCATION. ON JULY 1 OF THE STATE FISCAL YEAR TO WHICH THE ACT6
	176	+	APPLIES, THE STATE CONTROLLER SHALL CREDIT THE INFORMATION7
	177	+	TECHNOLOGY ANNUAL DEPRECIATION -LEASE EQUIVALENT PAYMENT LINE8
	178	+	ITEM TO THE INFORMATION TECHNOLOGY CAPITAL ACCOUNT ; EXCEPT9
	179	+	THAT, OF THAT PAYMENT, AN AMOUNT EQUAL TO ONE PERCENT OF THE10
	180	+	PROJECT COST MUST BE DEDUCTED FROM THE PAYMENT AND CREDITED TO11
	181	+	THE PRINCIPAL OF THE TECHNOLOGY RISK PREVENTION AND RESPONSE12
	182	+	FUND.13
173	183		(c) I
174		-	F THE FUNDING SOURCE FOR THE APPROPRIATION IS A FINANCING
175		-	ARRANGEMENT
176		-	, INCLUDING A FINANCED PURCHASE OF AN ASSET OR
177		-	CERTIFICATE OF PARTICIPATION AGREEMENT ALLOWED PURSUANT TO
178		-	SECTION
179		-	24-82-801, AND THE SOURCE OF THE FUNDING FOR THE FINANCING
180		-	PAYMENT IS
181		-	:
	184	+	F THE FUNDING SOURCE FOR THE APPROPRIATION IS A14
	185	+	FINANCING ARRANGEMENT , INCLUDING A FINANCED PURCHASE OF AN15
	186	+	ASSET OR CERTIFICATE OF PARTICIPATION AGREEMENT ALLOWED16
	187	+	PURSUANT TO SECTION 24-82-801, AND THE SOURCE OF THE FUNDING FOR17
	188	+	THE FINANCING PAYMENT IS:18
182	189		(I) F
183		-	ROM A CASH FUND, THEN THE STATE AGENCY ~~SHALL ANNUALLY~~
184		-	CALCULATE AN AMOUNT EQUAL TO ONE PERCENT OF ~~THE PROJECT COST AND~~
185		-	THE GENERAL ASSEMBLY SHALL INCLUDE ~~AN INFORMATION TECHNOLOGY~~
186		-	ANNUAL CONTROLLED MAINTENANCE ~~LINE ITEM PAYABLE FROM THE CASH~~
187		-	FUND IN THE OPERATING SECTION OF ~~THE ANNUAL GENERAL APPROPRIATION~~
188		-	ACT FOR EACH STATE AGENCY ~~EQUAL TO SUCH AMOUNT~~
189		-	. ON JULY 1 OF THE
190		-	~~PAGE 4-SENATE BILL 24-224 STATE FISCAL YEAR TO WHICH THE~~ ACT APPLIES , THE STATE CONTROLLER
191		-	~~SHALL CREDIT THAT AMOUNT TO AN~~ INFORMATION TECHNOLOGY CAPITAL
192		-	~~RESERVE ACCOUNT ESTABLISHED BY THE STATE AGENCY IN THE CASH FUND~~
193		-	AS SPECIFIED IN SECTION
194		-	~~24-75-403~~ (2.5).
	190	+	ROM A CASH FUND , THEN THE STATE AGENCY SHALL19
	191	+	ANNUALLY CALCULATE AN AMOUNT EQUAL TO ONE PERCENT OF THE20
	192	+	PROJECT COST AND THE GENERAL ASSEMBLY SHALL INCLUDE AN21
	193	+	INFORMATION TECHNOLOGY ANNUAL CONTROLLED MAINTENANCE LINE22
	194	+	ITEM PAYABLE FROM THE CASH FUND IN THE OPERATING SECTION OF THE23
	195	+	ANNUAL GENERAL APPROPRIATION ACT FOR EACH STATE AGENCY EQUAL24
	196	+	TO SUCH AMOUNT. ON JULY 1 OF THE STATE FISCAL YEAR TO WHICH THE25
	197	+	ACT APPLIES, THE STATE CONTROLLER SHALL CREDIT THAT AMOUNT TO AN26
	198	+	INFORMATION TECHNOLOGY CAPITAL RESERVE ACC OUNT ESTABLISHED BY27
	199	+	224
	200	+	-6- THE STATE AGENCY IN THE CASH FUND AS SPECIFIED IN SECTION 24-75-4031
	201	+	(2.5).2
195	202		(II) F
196		-	ROM THE GENERAL FUND OR THE CAPITAL CONSTRUCTION FUND ,
197		-	THEN THE GENERAL ASSEMBLY SHALL INCLUDE AN INFORMATION
198		-	TECHNOLOGY ANNUAL CONTROLLED MAINTENANCE LINE ITEM PAYABLE
199		-	FROM THE GENERAL FUND IN THE OPERATING SECTION OF THE ANNUAL
200		-	GENERAL APPROPRIATION ACT FOR EACH STATE AGENCY
201		-	, INCLUDING THE
202		-	DEPARTMENT OF HIGHER EDUCATION
203		-	, EQUAL TO ONE PERCENT OF THE
204		-	PROJECT COST
205		-	, AS CALCULATED BY THE STATE AGENCY OR THE STATE
206		-	INSTITUTION OF HIGHER EDUCATION
207		-	, WHICH CALCULATION A STATE
208		-	INSTITUTION OF HIGHER EDUCATION SHALL REPORT TO THE DEPARTMENT OF
209		-	HIGHER EDUCATION
210		-	. ON JULY 1 OF THE STATE FISCAL YEAR TO WHICH THE
211		-	ACT APPLIES
212		-	, THE STATE CONTROLLER SHALL CREDIT SUCH AMOUNT TO THE
213		-	TECHNOLOGY RISK PREVENTION AND RESPONSE FUND
214		-	.
	203	+	ROM THE GENERAL FUND OR THE CAPITAL CONSTRUCTION3
	204	+	FUND, THEN THE GENERAL ASSEMBLY SHALL INCLUDE AN INFORMATION4
	205	+	TECHNOLOGY ANNUAL CONTROLLED MAINTENANCE LINE ITEM PAYABLE5
	206	+	FROM THE GENERAL FUND IN THE OPERATING SECTION OF THE ANNUAL6
	207	+	GENERAL APPROPRIATION ACT FOR EACH STATE AGENCY , INCLUDING THE7
	208	+	DEPARTMENT OF HIGHER EDUCATION , EQUAL TO ONE PERCENT OF THE8
	209	+	PROJECT COST, AS CALCULATED BY THE STATE AGENCY OR THE STATE9
	210	+	INSTITUTION OF HIGHER EDUCATION , WHICH CALCULATION A STATE10
	211	+	INSTITUTION OF HIGHER EDUCATION SHALL REPORT TO THE DEPARTMENT11
	212	+	OF HIGHER EDUCATION. ON JULY 1 OF THE STATE FISCAL YEAR TO WHICH12
	213	+	THE ACT APPLIES, THE STATE CONTROLLER SHALL CREDIT SUCH AMOUNT13
	214	+	TO THE TECHNOLOGY RISK PREVENTION AND RESPONSE FUND .14
215	215		(d) I
216		-	F THE FUNDING SOURCE FOR THE APPROPRIATION IS A
217		-	COMBINATION OF THE FUNDING SOURCES DESCRIBED IN SUBSECTIONS
218		-	(2)(a),
219		-	(2)(b),
220		-	AND (2)(c) OF THIS SECTION, THEN THE ANNUAL SET ASIDE REQUIRED
221		-	PURSUANT TO THIS SUBSECTION
222		-	(2) MUST BE MADE IN PROPORTION TO THE
223		-	FUNDING SOURCE
224		-	.
	216	+	F THE FUNDING SOURCE FOR THE APPROPRIATION IS A15
	217	+	COMBINATION OF THE FUNDING SOURCES DESCRIBED IN SUBSECTIONS16
	218	+	(2)(a), (2)(b),
	219	+	AND (2)(c) OF THIS SECTION, THEN THE ANNUAL SET ASIDE17
	220	+	REQUIRED PURSUANT TO THIS SUBSECTION (2) MUST BE MADE IN18
	221	+	PROPORTION TO THE FUNDING SOURCE .19
225	222		(3) O
226		-	N JUNE 15, 2025, AND ON EACH JUNE 15 THEREAFTER, THE
227		-	OFFICE SHALL SUBMIT A FISCAL IMPACT ANALYSIS TO THE OFFICE OF STATE
228		-	PLANNING AND BUDGETING THAT MUST INCLUDE BUT NEED NOT BE LIMITED
229		-	TO THE FOLLOWING
230		-	:
	223	+	N JUNE 15, 2025, AND ON EACH JUNE 15 THEREAFTER, THE20
	224	+	OFFICE SHALL SUBMIT A FISCAL IMPACT ANALYSIS TO THE OFFICE OF STATE21
	225	+	PLANNING AND BUDGETING THAT MUST INCLUDE BUT NEED NOT BE22
	226	+	LIMITED TO THE FOLLOWING:23
231	227		(a) T
232		-	HE ESTIMATED AMOUNT OF GENERAL FUND MONEY REQUIRED
233		-	TO MAKE THE INFORMATION TECHNOLOGY ANNUAL DEPRECIATION
234		-	-LEASE
235		-	EQUIVALENT PAYMENTS FOR THE UPCOMING FISCAL YEAR
236		-	; AND
237		-	(b) THE CURRENT INFORMATION TECHNOLOGY ASSETS TO WHICH THE
238		-	INFORMATION TECHNOLOGY ANNUAL DEPRECIATION
239		-	-LEASE EQUIVALENT
240		-	PAYMENTS ARE BEING APPLIED
241		-	.
242		-	SECTION 2. In Colorado Revised Statutes, add 24-37.5-805 as
243		-	follows:
244		-	PAGE 5-SENATE BILL 24-224 24-37.5-805. Technical debt environment - annual report. O N OR
245		-	BEFORE
246		-	NOVEMBER 1, 2025, AND ON OR BEFORE NOVEMBER 1 OF EACH YEAR
247		-	THEREAFTER
248		-	, THE OFFICE SHALL SUBMIT A REPORT TO THE JOINT BUDGET
249		-	COMMITTEE AND THE JOINT TECHNOLOGY COMMITTEE THAT PROVIDES AN
250		-	ESTIMATE OF THE STATE
251		-	'S TECHNICAL DEBT ENVIRONMENT .
252		-	SECTION 3. In Colorado Revised Statutes, 24-75-403, add (2.5)
253		-	as follows:
254		-	24-75-403. Capital reserve - creation - annual appropriation -
255		-	definitions. (2.5) F
256		-	OR EACH CASH FUND FROM WHICH MONEY IS
257		-	APPROPRIATED FOR AN INFORMATION TECHNOLOGY CAPITAL PROJECT
258		-	, THE
259		-	PRINCIPAL DEPARTMENT RESPONSIBLE FOR THE ACCOUNTING RELATED TO
260		-	THE CASH FUND SHALL IDENTIFY IN THE CASH FUND BALANCE REPORT AN
261		-	INFORMATION TECHNOLOGY CAPITAL RESERVE
262		-	, WHICH CONSISTS OF AN
263		-	AMOUNT EQUAL TO THE DEPRECIATION OF THE DEPRECIABLE COMPONENTS
264		-	OF THE INFORMATION TECHNOLOGY CAPITAL PROJECT
265		-	, BASED ON THE
266		-	DEPRECIATION PERIOD
267		-	. THE PROVISIONS OF THIS SUBSECTION (2.5) DO NOT
268		-	APPLY TO CASH FUNDS THAT ARE EXCLUDED FROM THE REQUIREMENTS OF
269		-	SECTION
270		-	24-37.5-127 PURSUANT TO SECTION 24-37.5-127 (1)(c).
271		-	SECTION 4. Safety clause. The general assembly finds,
272		-	determines, and declares that this act is necessary for the immediate
273		-	preservation of the public peace, health, or safety or for appropriations for
274		-	PAGE 6-SENATE BILL 24-224 the support and maintenance of the departments of the state and state
275		-	institutions.
276		-	____________________________ ____________________________
277		-	Steve Fenberg Julie McCluskie
278		-	PRESIDENT OF SPEAKER OF THE HOUSE
279		-	THE SENATE OF REPRESENTATIVES
280		-	____________________________ ____________________________
281		-	Cindi L. Markwell Robin Jones
282		-	SECRETARY OF CHIEF CLERK OF THE HOUSE
283		-	THE SENATE OF REPRESENTATIVES
284		-	APPROVED________________________________________
285		-	(Date and Time)
286		-	_________________________________________
287		-	Jared S. Polis
288		-	GOVERNOR OF THE STATE OF COLORADO
289		-	PAGE 7-SENATE BILL 24-224
	228	+	HE ESTIMATED AMOUNT OF GENERAL FUND MONEY REQUIRED24
	229	+	TO MAKE THE INFORMATION TECHNOLOGY ANNUAL DEPRECIATION -LEASE25
	230	+	EQUIVALENT PAYMENTS FOR THE UPCOMING FISCAL YEAR ; AND26
	231	+	(b) T
	232	+	HE CURRENT INFORMATION TECHNOLOGY ASSETS TO WHICH27
	233	+	224
	234	+	-7- THE INFORMATION TECHNOLOGY ANNUAL DEPRECIATION -LEASE1
	235	+	EQUIVALENT PAYMENTS ARE BEING APPLIED .2
	236	+	SECTION 2. In Colorado Revised Statutes, add 24-37.5-805 as3
	237	+	follows:4
	238	+	24-37.5-805. Technical debt environment - annual report. O N5
	239	+	OR BEFORE NOVEMBER 1, 2025, AND ON OR BEFORE NOVEMBER 1 OF EACH6
	240	+	YEAR THEREAFTER, THE OFFICE SHALL SUBMIT A REPORT TO THE JOINT7
	241	+	BUDGET COMMITTEE AND THE JOINT TECHNOLOGY COMMITTEE THAT8
	242	+	PROVIDES AN ESTIMATE OF THE STATE'S TECHNICAL DEBT ENVIRONMENT .9
	243	+	10
	244	+	SECTION 3. In Colorado Revised Statutes, 24-75-403, add (2.5)11
	245	+	as follows:12
	246	+	24-75-403. Capital reserve - creation - annual appropriation13
	247	+	- definitions. (2.5) F
	248	+	OR EACH CASH FUND FROM WHICH MONEY IS14
	249	+	APPROPRIATED FOR AN INFORMATION TECHNOLOGY CAPITAL PROJECT , THE15
	250	+	PRINCIPAL DEPARTMENT RESPONSIBLE FOR THE ACCOUNTING RELATED TO16
	251	+	THE CASH FUND SHALL IDENTIFY IN THE CASH FUND BALANCE REPORT AN17
	252	+	INFORMATION TECHNOLOGY CAPITAL RESERVE , WHICH CONSISTS OF AN18
	253	+	AMOUNT EQUAL TO THE DEPRECIATION OF THE DEPRECIABLE COMPONENTS19
	254	+	OF THE INFORMATION TECHNOLOGY CAPITAL PROJECT , BASED ON THE20
	255	+	DEPRECIATION PERIOD.
	256	+	THE PROVISIONS OF THIS SUBSECTION (2.5) DO NOT21
	257	+	APPLY TO CASH FUNDS THAT ARE EXCLUDED FROM THE REQUIREMENTS OF22
	258	+	SECTION 24-37.5-125 PURSUANT TO SECTION 24-37.5-125 (1)(c).23
	259	+	SECTION 4. Safety clause. The general assembly finds,24
	260	+	determines, and declares that this act is necessary for the immediate25
	261	+	preservation of the public peace, health, or safety or for appropriations for26
	262	+	224
	263	+	-8- the support and maintenance of the departments of the state and state1
	264	+	institutions.2
	265	+	224
	266	+	-9-