CO HB1011

Codifies the fifteen-year rule for controlled maintenance funding eligibility for state-owned, general-funded buildings and physical facilities, applying it to new construction, additions, renovations, corrective repairs, replacements, and acquisitions.

State facilities become eligible for controlled maintenance funding only after a minimum of fifteen years has elapsed from the date of substantial completion of the capital construction project or the date the state took title to an acquired property.

State agencies and institutions of higher education may request waivers of the fifteen-year eligibility requirement by submitting written justification to the state architect, which must be approved by the capital development committee.

Creates an emergency controlled maintenance account within the capital construction fund to provide unplanned and immediate maintenance funding when communicated in writing to the state architect.

Requires the state architect to annually report to the capital development committee on emergency controlled maintenance spending, with the act taking effect August 7, 2012, subject to possible referendum petition.