First Regular Session
Seventy-fifth General Assembly
STATE OF COLORADO
REENGROSSED
This Version Includes All Amendments
Adopted in the House of Introduction
LLS NO. 25-0870.01 Megan McCall x4215
HOUSE BILL 25-1313
House Committees Senate Committees
State, Civic, Military, & Veterans Affairs
A BILL FOR AN ACT
C
ONCERNING MODIFICATIONS TO CE RTAIN LAWS THAT ARE WITHIN101
THE PURVIEW OF THE CAPITAL DEVELOPMENT COMMITTEE .102
Bill Summary
(Note: This summary applies to this bill as introduced and does
not reflect any amendments that may be subsequently adopted. If this bill
passes third reading in the house of introduction, a bill summary that
applies to the reengrossed version of this bill will be available at
http://leg.colorado.gov/
.)
Capital Development Committee. Section 1 of the bill modifies
procedures for election of a chair and a vice-chair of the capital
development committee (CDC) to require that the chair and the vice-chair
be elected annually at the CDC's first December meeting. Additionally,
the bill clarifies how the role of chair and vice-chair are served. In
even-numbered years, the chair is a member from the senate and the
HOUSE
3rd Reading Unamended
April 21, 2025
HOUSE
Amended 2nd Reading
April 17, 2025
HOUSE SPONSORSHIP
Story and Lindsay, Winter T., Garcia
SENATE SPONSORSHIP
Mullica and Hinrichsen,
Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
Capital letters or bold & italic numbers indicate new material to be added to existing law.
Dashes through the words or numbers indicate deletions from existing law. vice-chair is a member from the house of representatives and in
odd-numbered years the chair is a member from the house of
representatives and the vice-chair is a member from the senate.
Section 2 removes the requirement that the transportation
commission annually submit capital requests to the CDC.
Current law requires the Colorado commission on higher education
(commission) to request annually from the governing board of each state
institution of higher education (institution) a 2-year projection of certain
capital construction projects to be undertaken by an institution which is
then submitted to the CDC for review and approval. Section 3 adjusts law
to align with current practice by:
! Requiring that projections be reviewed at the commission's
next available meeting;
! Repealing the requirement that an institution amend the
projection prior to commencing a project if the project is
not in the institution's most recent projection;
! Repealing the requirement that the commission annually
prepare a unified, 2-year report for capital construction or
capital renewal projects acquired or constructed and
operated and maintained solely using cash funds held by an
institution that are not for new acquisitions of real property
or new construction and are estimated to require total
project expenditures exceeding $10 million;
! Repealing the requirement that the commission annually
prepare a unified, 2-year report for capital construction
projects for new acquisitions of real property or for new
construction that are estimated to require total project
expenditures exceeding $2 million;
! Clarifying deadlines for the CDC to hold a hearing to
review projections;
! Repealing the requirement that the CDC hold a hearing
regarding projections whenever a projection is amended;
and
! Repealing the requirement that the CDC review and
approve guidelines prepared by the office of the state
architect regarding the classification of facilities as
academic facilities or auxiliary facilities.
Section 4 extends the deadline for the state treasurer's office to
submit to the CDC and other agencies its annual report on the fiscal
health of institutions from September 1 to March 1 of each year,
beginning with the report that is due for the 2025-26 fiscal year.
Section 5 specifies November 1 of each year as a date certain by
which agencies and institutions must encumber money for their capital
construction projects. Under current law, if an agency or institution will
not encumber money for its capital construction project within the period
1313
-2- specified, it may request that the CDC recommend to the controller that
the deadline be waived for that project. Section 5 modifies this allowance
so that an agency or institution may request that the CDC recommend that
the deadline be extended for a 6-month period.
Section 6 adjusts law to align with current practice by changing
the date from January 1, which is always a holiday, to January 2 for the
office of state planning and budgeting to submit to the CDC its updates
to its recommended priority of funding for capital construction projects
as part of the November 1 budget package.
Section 7 clarifies that any capital construction project that the
CDC, in consultation with the council on creative industries, agrees does
not meet the original purpose of the art in public places program may be
exempt from the requirements of the program.
Section 8 clarifies that when a capital construction project receives
a supplemental appropriation, it is available for the remainder of the state
fiscal year for which the supplemental appropriation act was enacted and
for the next 2 subsequent state fiscal years.
Be it enacted by the General Assembly of the State of Colorado:1
SECTION 1. In Colorado Revised Statutes, 2-3-1302, amend2
(1.5) and (2) as follows:3
2-3-1302. Capital development committee established. (1.5) In4
order to expedite the work of the capital development committee,5
appointees may APPOINTMENTS TO THE COMMITTEE SHALL be designated6
after the general election MADE NO LATER THAN DECEMBER 1 prior to the7
convening of the general assembly at which such committee is to serve,8
whether such appointees are members of the current general assembly or9
members-elect of the next general assembly, or both. Such appointees10
have all the powers and duties and are entitled to the same compensation11
and expense allowance as members duly appointed under the provisions12
of subsection (1) of this section.13
(2) The capital development committee shall elect a chair and a14
vice-chair at the first meeting held on or after October 15 in each15
odd-numbered year and at the first December meeting held after the16
1313-3- general election in each even-numbered EACH year. The chair and1
vice-chair appointments must alternate between a member from the house2
of representatives and a member from the senate with the first chair being3
from the senate and the first vice-chair being from the house of4
representatives
IN EVEN-NUMBERED YEARS AND WITH THE CHAIR BEING5
FROM THE HOUSE OF REPRESENTATIVES AND THE VICE -CHAIR BEING FROM6
THE SENATE IN ODD-NUMBERED YEARS. The person serving as chair, or a
7
member of the same house if such person is no longer a member thereof,8
shall serve as vice-chair during the next legislative session, and the person9
serving as vice-chair, or a member of the same house if such person is no10
longer a member thereof, shall serve as chair during the next legislative11
session.12
SECTION 2. In Colorado Revised Statutes, 2-3-1304, amend13
(1)(a.5) as follows:14
2-3-1304. Powers and duties of capital development15
committee. (1) The capital development committee has the following16
powers and duties:17
(a.5) To study the request from ANY REQUESTS SUBMITTED BY the18
transportation commission for state highway reconstruction, repair, and19
maintenance projects to be funded from money transferred to the capital20
construction fund pursuant to section 24-75-302 (2), C.R.S., specifically21
for such purpose. On or before October 1 of each year, the transportation22
commission shall MAY submit its request, based on the statewide23
transportation improvement programs, with a prioritized list of24
recommended state highway reconstruction, repair, and maintenance25
projects with the priority of projects on the list determined on the basis of26
greatest need without regard to location in the state. I
F THE27
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-4- TRANSPORTATION COMMISSION SUBMITS A REQUEST , the capital1
development committee shall determine
FROM THE SUBMITTED REQUEST2
the number of projects on the list that may be funded from money3
available in the capital construction fund for state highway reconstruction,4
repair, or maintenance projects. Only projects on the list may be funded5
from money available in the capital construction fund for state highway6
reconstruction, repair, or maintenance projects, and the projects must be7
funded in the priority determined by the transportation commission;8
except that, if a project on the list cannot be funded because an alternative9
source of funding for the project has become available, a court order has10
enjoined the project, or an act of God has made the project construction11
unfeasible, the transportation commission shall submit the next phase of12
that project or the next project on that regional priority list to the capital13
development committee for approval as an addition to the list in lieu of14
the project that cannot be funded. No substitute project submitted by the15
transportation commission from the regional priority list shall be16
approved by the capital development committee if funding said project17
would result in the delay of any other project on the list. Upon approval18
of an amended list, the department of transportation shall provide a copy19
of the amended list to the members of the joint budget committee, the20
transportation,
HOUSING, and energy
LOCAL GOVERNMENT committee in21
the house of representatives, and the transportation
AND ENERGY22
committee in the senate,
OR ANY SUCCESSOR COMMITTEES . Projects on the23
list submitted by the transportation commission by October 1 or on an24
amended list submitted as provided in this paragraph (a.5)
SUBSECTION25
(1)(a.5) may be funded from money transferred to the capital construction26
fund and available in the current fiscal year or money to be transferred to27
1313
-5- the capital construction fund for the fiscal year beginning the following1
July 1.2
SECTION 3. In Colorado Revised Statutes, 23-1-106, amend3
(6)(b), (7)(c), (9)(a), (9)(b), and (10.2)(b)(I) introductory portion; and4
repeal (9)(e) as follows:5
23-1-106. Duties and powers of the commission with respect6
to capital construction and long-range planning - report - legislative7
declaration - definitions. (6) (b) The commission shall request annually8
from the governing board of each state institution of higher education a9
REVIEW, AT ITS NEXT AVAILABLE MEETING, ANY two-year projection of10
capital construction projects
SUBMITTED BY A STATE INSTITUTION OF11
HIGHER EDUCATION to be undertaken pursuant to subsection (9) of this12
section and estimated to require total project expenditures exceeding two13
million dollars if the capital construction project is for new acquisitions14
of real property or new construction and funded solely from cash funds15
held by the institution or the project is funded through the higher16
education revenue bond intercept program established pursuant to section17
23-5-139, or exceeding ten million dollars if the project is not for new18
acquisitions of real property or new construction and is funded solely19
from cash funds held by the institution. The projection must include the20
estimated cost, the method of funding, and a schedule for project21
completion for each project. A state institution of higher education shall
22
amend the projection prior to commencing a project that is not included23
in the institution's most recent projection. 24
(7) (c) (I) (A) The commission annually shall prepare a unified,25
two-year report for capital construction or capital renewal projects26
described in subsection (9) of this section that are not for new27
1313
-6- acquisitions of real property or new construction and are estimated to1
require total project expenditures exceeding ten million dollars,2
coordinated with education plans. The commission shall transmit the3
report to the office of state planning and budgeting, the governor, the4
capital development committee, and the joint budget committee,5
consistent with the executive budget timetable.6
(B) The commission annually shall prepare a unified, two-year7
report for capital construction projects for new acquisitions of real8
property or for new construction, estimated to require total project9
expenditures exceeding two million dollars, coordinated with education10
plans. The commission shall transmit the report to the office of state11
planning and budgeting, the governor, the capital development12
committee, and the joint budget committee, consistent with the executive13
budget timetable.14
(II) (A) The commission shall submit the two-year projections15
prepared by each state institution INSTITUTIONS of higher education for16
each two-year period to the office of state planning and budgeting and the17
capital development committee. The capital development committee shall18
conduct a hearing in each regular legislative session on the projections19
WITHIN THIRTY DAYS AFTER SUBMISSION DURING A REGULAR LEGISLATIVE20
SESSION OF THE GENERAL ASSEMBLY OR WITHIN FORTY -FIVE DAYS AFTER21
SUBMISSION DURING ANY PERIOD THAT THE GENERAL ASSEMBLY IS NOT IN22
REGULAR LEGISLATIVE SESSION and either approve the projections or23
return the projections to the state institution of higher education for24
modification. The commission and the office of state planning and25
budgeting shall provide the capital development committee with26
comments concerning each projection.27
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-7- (B) A state institution of higher education may submit to the staff1
of the capital development committee, the commission, and the office of2
state planning and budgeting an amendment to its approved two-year3
projection. The capital development committee shall conduct a hearing4
on the amendment within thirty days after submission during a regular5
legislative session of the general assembly or within forty-five days after6
submission during any period that the general assembly is not in regular7
legislative session. The capital development committee shall either8
approve the projections or return the projections to the state institution of9
higher education for modification. The commission and the office of state10
planning and budgeting shall provide the capital development committee11
with comments concerning each amendment.12
(9) (a) Except as provided in paragraph (d) of this subsection (9)13
SUBSECTION (9)(d) OF THIS SECTION, a capital construction or capital14
renewal project for an auxiliary facility initiated by the governing board15
of a state institution of higher education that is contained in the most16
recent two-year projection approved pursuant to subparagraph (II) of17
paragraph (c) of subsection (7) of this section, as the projection may be18
amended from time to time HAS BEEN APPROVED BY THE CAPITAL19
DEVELOPMENT COMMITTEE AS PART OF A TWO -YEAR PROJECTION WITHIN20
THE LAST TWO CALENDAR YEARS , and that is to be acquired or constructed21
and operated and maintained solely from cash funds held by the22
institution, is not subject to additional review or approval by the23
commission, the office of state planning and budgeting, the capital24
development committee, or the joint budget committee; except that, if the25
capital construction or capital renewal project for an auxiliary facility is26
to be acquired or constructed in whole or in part using moneys MONEY27
1313
-8- subject to the higher education revenue bond intercept program1
established pursuant to section 23-5-139, then the governing board of a2
state institution of higher education must obtain approval from the general3
assembly as specified in that section. 4
(b) Except as provided in paragraph (d) of this subsection (9)5
SUBSECTION (9)(d) OF THIS SECTION, a capital construction or capital6
renewal project for an academic facility initiated by the governing board7
of a state institution of higher education that is contained in the most8
recent two-year projection approved pursuant to subparagraph (II) of9
paragraph (c) of subsection (7) of this section, as the projection may be10
amended from time to time HAS BEEN APPROVED BY THE CAPITAL11
DEVELOPMENT COMMITTEE AS PART OF A TWO -YEAR PROJECTION WITHIN12
THE LAST TWO CALENDAR YEARS , and that is to be acquired or constructed13
solely from cash funds held by the institution and operated and14
maintained from such funds or from state moneys MONEY appropriated15
for such purpose, or both, is not subject to additional review or approval16
by the commission, the office of state planning and budgeting, the capital17
development committee, or the joint budget committee; except that, if the18
capital construction or capital renewal project for an academic facility is19
to be acquired or constructed in whole or in part using moneys MONEY20
subject to the higher education revenue bond intercept program21
established pursuant to section 23-5-139, then the governing board of a22
state institution of higher education must obtain approval from the general23
assembly as specified in that section. Any capital construction or capital24
renewal project subject to this paragraph (b) SUBSECTION (9)(b) must25
comply with the high performance standard certification program26
established pursuant to section 24-30-1305.5. C.R.S. 27
1313
-9- (e) A capital construction or acquisition project approved and1
appropriated prior to January 1, 2010, may be contained in the most2
recent unified two-year capital improvements project projection approved3
pursuant to subparagraph (II) of paragraph (c) of subsection (7) of this4
section. The projection may be amended from time to time and is not5
subject to additional review or approval by the commission, the office of6
state planning and budgeting, the capital development committee, or the7
joint budget committee.8
(10.2) (b) (I) The general assembly hereby finds, determines, and9
declares that the classification of facilities as academic facilities or10
auxiliary facilities can be difficult, and such classifications often change11
as academic needs, student needs, and new construction and design12
practices emerge. Therefore, the office of the state architect, in13
collaboration with the department of higher education and the office of14
state planning and budgeting, shall develop guidelines in order to assist15
such classification. The guidelines shall be annually reviewed and16
approved by the capital development committee. The guidelines must17
address the following two factors that have historically been considered18
when classifying academic facilities and auxiliary facilities:19
SECTION 4. In Colorado Revised Statutes, 23-5-139, amend20
(1)(d)(I) introductory portion as follows:21
23-5-139. Higher education revenue bond intercept program22
- definitions. (1) (d) (I) No later than September 1, 2016, and each23
September 1 thereafter
UNTIL THE REPORT THAT IS DUE FOR STATE FISCAL24
YEAR 2025-26 WHICH IS DUE NO LATER THAN MARCH 1, 2026, AND EACH25
M
ARCH 1 THEREAFTER FOR SUBSEQUENT REPORTS , the state treasurer shall26
provide the capital development committee, the joint budget committee,27
1313
-10- the Colorado commission on higher education, and the office of state1
planning and budgeting with a report that includes:2
SECTION 5. In Colorado Revised Statutes, 24-30-1404, amend3
(7)(a), (7)(b), (7)(c) introductory portion, (7)(e), and (7)(f); repeal (7)(g)4
and (7)(h); and add (7)(c)(V), (7)(c)(VI), (7)(c)(VII), and (7)(c)(VIII) as5
follows:6
24-30-1404. Contracts - definition. (7) (a) Except as provided7
in subsections (7)(b), (7)(c), (7)(e),
AND (7)(f) (7)(g), and (7)(h)
of this8
section, any professional services contract entered into pursuant to the9
provisions of this part 14 shall MUST be executed and encumbered10
within six months after the date on which the appropriation that11
includes the project for which the professional services are required12
becomes law OR ON OR BEFORE NOVEMBER 1 OF THE STATE FISCAL YEAR13
FOR WHICH THE APPROPRIATION THAT INCLUDES THE PROJECT FOR WHICH14
THE PROFESSIONAL SERVICES ARE REQUIRED IS AUTHORIZED, WHICHEVER15
IS LATER. If no professional services contract is required for a particular16
project, the contract with the contractor for the project shall MUST be17
entered into within six months after the appropriation OR ON OR BEFORE18
NOVEMBER 1 OF THE STATE FISCAL YEAR FOR WHICH THE APPROPRIATION19
IS AUTHORIZED, WHICHEVER IS LATER. If a state agency or state institution20
of higher education determines that the nature of a particular project is21
such that the deadlines imposed by this section cannot be met, the state22
agency or state institution of higher education may request the capital23
development committee to recommend to the controller that the deadline24
be waived EXTENDED for that project; EXCEPT THAT FOR FEE TITLE25
ACQUISITIONS BY THE DIVISION OF PARKS AND WILDLIFE IN THE26
DEPARTMENT OF NATURAL RESOURCES, THE DEADLINE MAY BE WAIVED.27
1313
-11- The controller, in consultation with the capital development committee1
may grant a waiver from AN EXTENSION OF the deadlines OR A WAIVER, IF2
APPLICABLE. This subsection (7) shall not apply to projects under the3
supervision of the department of transportation. This subsection (7) shall4
not affect any priority established pursuant to section 44-40-111 (11) in5
the general appropriation act for expenditures for projects to be financed6
from net lottery proceeds appropriated for capital construction. AN7
EXTENSION THAT IS RECOMMENDED OR GRANTED PURSUANT TO THIS8
SUBSECTION (7)(a) SHALL NOT EXCEED SIX MONTHS . 9
(b) (I) The deadlines established in paragraph (a) of this10
subsection (7) shall apply to THIS SUBSECTION (7) DOES NOT AFFECT ANY11
PRIORITY ESTABLISHED PURSUANT TO SECTION 44-40-111 (11) IN THE12
GENERAL APPROPRIATION ACT FOR EXPENDITURES FOR PROJECTS TO BE13
FINANCED FROM NET LOTTERY PROCEEDS APPROPRIATED FOR CAPITAL14
CONSTRUCTION.15
(II) F
OR projects funded with net lottery proceeds, but the
16
six-month period shall begin to run only ANY PROFESSIONAL SERVICES17
CONTRACT MUST BE EXECUTED AND ENCUMBERED AND ANY CONTRACT18
WITH THE CONTRACTOR MUST BE ENTERED INTO WITHIN SIX MONTHS OF19
when an agency receives a distribution from such proceeds for a20
particular project.21
(c) This subsection (7) shall DOES not apply to:22
(V) P
ROJECTS UNDER THE SUPERVISION OF THE DEPARTMENT OF23
TRANSPORTATION;24
(VI) A
CAPITAL CONSTRUCTION PROJECT AT A STATE INSTITUTION25
OF HIGHER EDUCATION THAT IS TO BE CONSTRUCTED SOLELY WITH CASH26
FUNDS HELD BY THE INSTITUTION, FEDERAL FUNDS MADE AVAILABLE FOR27
1313
-12- THE PROJECT, OR A COMBINATION OF BOTH;1
(VII) T
HE STATE BOARD OF LAND COMMISSIONERS , ESTABLISHED2
IN ARTICLE 1 OF TITLE 36, IN CONNECTION WITH CONTRACT EXPENDITURES3
FROM THE STATE BOARD OF LAND COMMISSIONERS INVESTMENT AND4
DEVELOPMENT FUND CREATED IN SECTION 36-1-153, OR THE COMMERCIAL5
REAL PROPERTY OPERATING FUND CREATED IN SECTION 36-1-153.7; OR6
(VIII) I
NFORMATION TECHNOLOGY PROJECTS THAT ARE OVERSEEN7
BY THE JOINT TECHNOLOGY COMMI TTEE PURSUANT TO PART 17 OF ARTICLE8
3
OF TITLE 2. AS USED IN THIS SUBSECTION (7)(c)(VIII), "INFORMATION9
TECHNOLOGY" HAS THE SAME MEANING AS SET FORTH IN SECTION10
2-3-1701
(7).11
(e) In the event that the governor restricts or delays the12
expenditure of moneys
MONEY for a project for which a professional13
services contract is required pursuant to the authority granted
TO the14
governor in section 24-75-201.5, the running of the six-month deadline
15
DEADLINES imposed in paragraph (a) of this subsection (7) SUBSECTION16
(7)(a)
OF THIS SECTION for such projects shall be tolled until such time as17
the restriction or delay is no longer in effect,
AT WHICH TIME THE18
PROFESSIONAL SERVICES CONTRACT MUST BE EXECUTED AND19
ENCUMBERED AND ANY CONTRACT WITH THE CONTRACTOR MUST BE20
ENTERED INTO WITHIN SIX MONTHS.21
(f) In the event that an appropriation is made to a state agency or22
state institution of higher education for allocation to other state agencies23
or state institutions of higher education, the six-month period applies
24
DEADLINE to the execution and encumbrance of EXECUTE AND ENCUMBER25
a contract by the agency or institution receiving the allocation and begins26
to run IS SIX MONTHS from the date of the allocation by the agency or27
1313
-13- institution that received the original appropriation. Nothing in this1
paragraph (f) shall be SUBSECTION (7)(f) IS construed to extend the2
duration of any appropriation.3
(g) This subsection (7) shall not apply to:4
(I) A capital construction project at a state institution of higher5
education that is to be constructed solely from cash funds held by the6
institution or federal funds made available for the project or a7
combination of the cash funds and the federal funds; or8
(II) The state board of land commissioners, established in article9
1 of title 36, C.R.S., in connection with contract expenditures from the10
state board of land commissioners investment and development fund11
created in section 36-1-153, C.R.S., or the commercial real property12
operating fund created in section 36-1-153.7, C.R.S.13
(h) The six-month deadline imposed by subsection (7)(a) of this14
section does not apply to information technology projects that are15
overseen by the joint technology committee pursuant to part 17 of article16
3 of title 2. As used in this subsection (7)(h), "information technology"17
has the meaning provided in section 2-3-1701 (7).18
SECTION 6. In Colorado Revised Statutes, 24-37-304, amend19
(1)(c.3)(III) as follows:20
24-37-304. Additional budgeting responsibilities. (1) In21
addition to the responsibilities enumerated in section 24-37-302, the22
office of state planning and budgeting shall:23
(c.3) (III) The office may modify the recommended priority of24
funding of capital construction or capital renewal projects of each state25
agency and state institution of higher education for the upcoming fiscal26
year no later than the January 1 JANUARY 2 of the year following the27
1313
-14- original submission described in sub-subparagraph (C) of subparagraph1
(I) of this paragraph (c.3) SUBSECTION (1)(c.3)(I)(C) OF THIS SECTION.2
SECTION 7. In Colorado Revised Statutes, 24-48.5-312, amend3
(3)(a)(III)(H) as follows:4
24-48.5-312. Art in public places program - allocations from5
capital construction costs - guidelines - fund created - definitions.6
(3) (a) (III) The requirements specified in this subsection (3)(a) do not7
apply to:8
(H) Any capital construction projects that the capital development9
committee, in consultation with the council, agrees do not meet the10
original purpose of the requirement specified in this paragraph (a), and11
determines by affirmative vote that the project meets one of the12
exceptions allowed in sub-subparagraphs (A) to (G) of this subparagraph13
(III) SUBSECTION (3)(a)(I) OR (3)(a)(II) OF THIS SECTION.14
SECTION 8. In Colorado Revised Statutes, 24-75-303, amend15
(5)(a)(II) as follows:16
24-75-303. Appropriation for capital construction.17
(5) (a) Except for an appropriation for a financed purchase of an asset or18
certificate of participation payment, except as provided in subsection19
(5)(b) of this section, and unless otherwise noted in a footnote in an20
appropriation act, an appropriation for a capital construction budget item21
or an information technology capital project, including capital22
construction, controlled maintenance, or capital renewal projects, as such23
terms are defined in section 24-30-1301, included in:24
(II) A supplemental appropriation act authorized or required by25
section 2-3-208, 24-37-304, 24-75-111 (5), or 24-75-111.5 (5) is available26
for expenditure upon enactment of the supplemental appropriation act and27
1313
-15- remains available for expenditure or encumbrance for three THE1
REMAINDER OF THE FISCAL YEAR DURING WHICH THE SUPPLEMENTAL2
APPROPRIATION ACT WAS ENACTED AND FOR THE NEXT TWO full fiscal3
years commencing with the fiscal year during which the supplemental4
appropriation act was enacted THEREAFTER, or until the project is5
completed, whichever is first; except that expenditures and nonmonetary6
adjustments allowed under section 24-75-111 or 24-75-111.5 are7
available for expenditure as specified in such sections. 8
SECTION 9. Act subject to petition - effective date. This act9
takes effect at 12:01 a.m. on the day following the expiration of the10
ninety-day period after final adjournment of the general assembly; except11
that, if a referendum petition is filed pursuant to section 1 (3) of article V12
of the state constitution against this act or an item, section, or part of this13
act within such period, then the act, item, section, or part will not take14
effect unless approved by the people at the general election to be held in15
November 2026 and, in such case, will take effect on the date of the16
official declaration of the vote thereon by the governor.17
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-16-