First Regular Session
Seventy-fifth General Assembly
STATE OF COLORADO
INTRODUCED
LLS NO. 25-0892.01 Megan McCall x4215
SENATE BILL 25-248
Senate Committees House Committees
Appropriations
A BILL FOR AN ACT
C
ONCERNING THE REPEAL OF THE MECHANISM FOR TRANSFERRING TO101
THE CAPITAL CONSTRUCTION FUND THE AMOUNT OF COST102
REDUCTIONS TO A STATE AGENCY FOR TERMINATING A LEASE103
FOR PRIVATE SPACE.104
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/
.)
Joint Budget Committee. Senate Bill 22-239 created a
mechanism by which state agencies that terminate a lease for private
space calculate the amount of annual reduction in the state agency's costs
SENATE SPONSORSHIP
Bridges and Kirkmeyer, Amabile
HOUSE SPONSORSHIP
Bird and Taggart, Sirota
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. (cost reduction) for leased space and the general assembly transfers to the
capital construction fund an amount equal to the cost reduction from the
fund that was the source of the funding for the lease. The transfer
continues annually until the amount transferred equals the amount that
Senate Bill 22-239 requires to be transferred to the capitol complex
renovation fund from annual depreciation-lease equivalent payments that
otherwise would be credited to state agency capital reserve accounts. To
date, no transfers for cost reduction have been made, nor are any
anticipated. The bill repeals this mechanism created by Senate Bill
22-239.
Be it enacted by the General Assembly of the State of Colorado:1
SECTION 1. In Colorado Revised Statutes, 24-30-1310, repeal2
(3) as follows:3
24-30-1310. Funding for capital construction, controlled4
maintenance, or capital renewal - definitions. (3) (a) Except as
5
provided in subsection (3)(b) of this section, each state agency that6
terminates a lease for private space on or after July 1, 2023, shall7
calculate the annual reduction in its costs for leased space. Beginning in8
the 2023-24 fiscal year, the general assembly shall transfer to the capital9
construction fund an amount equal to each state agency's annual reduction10
in lease costs. Such amount shall be from the fund that was the source of11
the funding for the lease. The annual transfer required in this subsection12
(3) shall continue in each fiscal year until the state treasurer determines13
that the amount transferred to the capital construction fund pursuant to14
this subsection (3) equals the amount transferred to the capitol complex15
renovation fund created in section 24-30-1313.16
(b) Notwithstanding subsection (3)(a) of this section, the money17
in the wildlife cash fund created in section 33-1-112 (1)(a) is not subject18
to a transfer to the capital construction fund pursuant to this section.19
SECTION 2. In Colorado Revised Statutes, 24-30-1314, repeal20
SB25-248-2- (1)(b) as follows:1
24-30-1314. Capitol complex renovation - report - repeal.2
(1) Beginning July 1, 2023, the department of personnel shall report3
quarterly to the capital development committee regarding the status of the4
capitol complex renovations funded with money from the capitol complex5
renovation fund created in section 24-30-1313. At a minimum, the report6
shall include:7
(b) The annual reduction in each state agency's costs for leased8
private office space, as calculated pursuant to section 24-30-1310 (3); and9
SECTION 3. Safety clause. The general assembly finds,10
determines, and declares that this act is necessary for the immediate11
preservation of the public peace, health, or safety or for appropriations for12
the support and maintenance of the departments of the state and state13
institutions.14
SB25-248
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