Colorado 2025 Regular Session

Colorado Senate Bill SB248 Compare Versions

Version 1 (Old)

Version 2 (New)

Old	New		Differences
	1	+	First Regular Session
	2	+	Seventy-fifth General Assembly
	3	+	STATE OF COLORADO
	4	+	REVISED
	5	+	This Version Includes All Amendments Adopted
	6	+	on Second Reading in the Second House
	7	+	LLS NO. 25-0892.01 Megan McCall x4215
1	8		SENATE BILL 25-248
2		-	BY SENATOR(S) Bridges and Kirkmeyer, Amabile, Hinrichsen, Pelton B.;
3		-	also REPRESENTATIVE(S) Bird and Taggart, Sirota, Keltie.
	9	+	Senate Committees House Committees
	10	+	Appropriations Appropriations
	11	+	A BILL FOR AN ACT
4	12		C
5		-	ONCERNING THE REPEAL OF THE MECHANISM FOR TRANSFERRING TO THE
6		-	CAPITAL CONSTRUCTION FUND THE AMOUNT OF COST REDUCTIONS TO
7		-	A STATE AGENCY FOR TERMINATING A LEASE FOR PRIVATE SPACE
8		-	.
9		-
10		-	Be it enacted by the General Assembly of the State of Colorado:
11		-	SECTION 1. In Colorado Revised Statutes, 24-30-1310, repeal (3)
12		-	as follows:
13		-	24-30-1310. Funding for capital construction, controlled
14		-	maintenance, or capital renewal - definitions. (3) (a) Except as provided
15		-	in subsection (3)(b) of this section, each state agency that terminates a lease
16		-	for private space on or after July 1, 2023, shall calculate the annual
17		-	reduction in its costs for leased space. Beginning in the 2023-24 fiscal year,
18		-	the general assembly shall transfer to the capital construction fund an
19		-	amount equal to each state agency's annual reduction in lease costs. Such
20		-	amount shall be from the fund that was the source of the funding for the
21		-	lease. The annual transfer required in this subsection (3) shall continue in
22		-	each fiscal year until the state treasurer determines that the amount
23		-	NOTE: This bill has been prepared for the signatures of the appropriate legislative
24		-	officers and the Governor. To determine whether the Governor has signed the bill
25		-	or taken other action on it, please consult the legislative status sheet, the legislative
26		-	history, or the Session Laws.
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. transferred to the capital construction fund pursuant to this subsection (3)
31		-	equals the amount transferred to the capitol complex renovation fund
32		-	created in section 24-30-1313.
33		-	(b) Notwithstanding subsection (3)(a) of this section, the money in
34		-	the wildlife cash fund created in section 33-1-112 (1)(a) is not subject to a
35		-	transfer to the capital construction fund pursuant to this section.
36		-	SECTION 2. In Colorado Revised Statutes, 24-30-1314, repeal
37		-	(1)(b) as follows:
38		-	24-30-1314. Capitol complex renovation - report - repeal.
39		-	(1) Beginning July 1, 2023, the department of personnel shall report
40		-	quarterly to the capital development committee regarding the status of the
41		-	capitol complex renovations funded with money from the capitol complex
42		-	renovation fund created in section 24-30-1313. At a minimum, the report
43		-	shall include:
44		-	(b) The annual reduction in each state agency's costs for leased
45		-	private office space, as calculated pursuant to section 24-30-1310 (3); and
46		-	SECTION 3. Safety clause. The general assembly finds,
47		-	determines, and declares that this act is necessary for the immediate
48		-	preservation of the public peace, health, or safety or for appropriations for
49		-	PAGE 2-SENATE BILL 25-248 the support and maintenance of the departments of the state and state
50		-	institutions.
51		-	____________________________ ____________________________
52		-	James Rashad Coleman, Sr.
53		-	Julie McCluskie
54		-	PRESIDENT OF SPEAKER OF THE HOUSE
55		-	THE SENATE OF REPRESENTATIVES
56		-	____________________________ ____________________________
57		-	Esther van Mourik Vanessa Reilly
58		-	SECRETARY OF CHIEF CLERK OF THE HOUSE
59		-	THE SENATE OF REPRESENTATIVES
60		-	APPROVED________________________________________
61		-	(Date and Time)
62		-	_________________________________________
63		-	Jared S. Polis
64		-	GOVERNOR OF THE STATE OF COLORADO
65		-	PAGE 3-SENATE BILL 25-248
	13	+	ONCERNING THE REPEAL OF THE MECHANISM FOR TRANSFERRING TO101
	14	+	THE CAPITAL CONSTRUCTION FUND THE AMOUNT OF COST102
	15	+	REDUCTIONS TO A STATE AGENCY FOR TERMINATING A LEASE103
	16	+	FOR PRIVATE SPACE.104
	17	+	Bill Summary
	18	+	(Note: This summary applies to this bill as introduced and does
	19	+	not reflect any amendments that may be subsequently adopted. If this bill
	20	+	passes third reading in the house of introduction, a bill summary that
	21	+	applies to the reengrossed version of this bill will be available at
	22	+	http://leg.colorado.gov/
	23	+	.)
	24	+	Joint Budget Committee. Senate Bill 22-239 created a
	25	+	mechanism by which state agencies that terminate a lease for private
	26	+	space calculate the amount of annual reduction in the state agency's costs
	27	+	HOUSE
	28	+	2nd Reading Unamended
	29	+	April 9, 2025
	30	+	SENATE
	31	+	3rd Reading Unamended
	32	+	April 3, 2025
	33	+	SENATE
	34	+	2nd Reading Unamended
	35	+	April 2, 2025
	36	+	SENATE SPONSORSHIP
	37	+	Bridges and Kirkmeyer, Amabile, Hinrichsen, Pelton B.
	38	+	HOUSE SPONSORSHIP
	39	+	Bird and Taggart, Sirota
	40	+	Shading denotes HOUSE amendment. Double underlining denotes SENATE amendment.
	41	+	Capital letters or bold & italic numbers indicate new material to be added to existing law.
	42	+	Dashes through the words or numbers indicate deletions from existing law. (cost reduction) for leased space and the general assembly transfers to the
	43	+	capital construction fund an amount equal to the cost reduction from the
	44	+	fund that was the source of the funding for the lease. The transfer
	45	+	continues annually until the amount transferred equals the amount that
	46	+	Senate Bill 22-239 requires to be transferred to the capitol complex
	47	+	renovation fund from annual depreciation-lease equivalent payments that
	48	+	otherwise would be credited to state agency capital reserve accounts. To
	49	+	date, no transfers for cost reduction have been made, nor are any
	50	+	anticipated. The bill repeals this mechanism created by Senate Bill
	51	+	22-239.
	52	+	Be it enacted by the General Assembly of the State of Colorado:1
	53	+	SECTION 1. In Colorado Revised Statutes, 24-30-1310, repeal2
	54	+	(3) as follows:3
	55	+	24-30-1310. Funding for capital construction, controlled4
	56	+	maintenance, or capital renewal - definitions. (3) (a) Except as
	57	+	5
	58	+	provided in subsection (3)(b) of this section, each state agency that6
	59	+	terminates a lease for private space on or after July 1, 2023, shall7
	60	+	calculate the annual reduction in its costs for leased space. Beginning in8
	61	+	the 2023-24 fiscal year, the general assembly shall transfer to the capital9
	62	+	construction fund an amount equal to each state agency's annual reduction10
	63	+	in lease costs. Such amount shall be from the fund that was the source of11
	64	+	the funding for the lease. The annual transfer required in this subsection12
	65	+	(3) shall continue in each fiscal year until the state treasurer determines13
	66	+	that the amount transferred to the capital construction fund pursuant to14
	67	+	this subsection (3) equals the amount transferred to the capitol complex15
	68	+	renovation fund created in section 24-30-1313.16
	69	+	(b) Notwithstanding subsection (3)(a) of this section, the money17
	70	+	in the wildlife cash fund created in section 33-1-112 (1)(a) is not subject18
	71	+	to a transfer to the capital construction fund pursuant to this section.19
	72	+	SECTION 2. In Colorado Revised Statutes, 24-30-1314, repeal20
	73	+	248-2- (1)(b) as follows:1
	74	+	24-30-1314. Capitol complex renovation - report - repeal.2
	75	+	(1) Beginning July 1, 2023, the department of personnel shall report3
	76	+	quarterly to the capital development committee regarding the status of the4
	77	+	capitol complex renovations funded with money from the capitol complex5
	78	+	renovation fund created in section 24-30-1313. At a minimum, the report6
	79	+	shall include:7
	80	+	(b) The annual reduction in each state agency's costs for leased8
	81	+	private office space, as calculated pursuant to section 24-30-1310 (3); and9
	82	+	SECTION 3. Safety clause. The general assembly finds,10
	83	+	determines, and declares that this act is necessary for the immediate11
	84	+	preservation of the public peace, health, or safety or for appropriations for12
	85	+	the support and maintenance of the departments of the state and state13
	86	+	institutions.14
	87	+	248
	88	+	-3-