CO SB110

Repeals the capital development committee's duty to develop recommendations on new financing methods for capital construction, capital renewal, and controlled maintenance by January 1, 2016.

Assigns the joint budget committee the responsibility to develop and recommend new financing methods for the state's ongoing capital construction, capital renewal, and controlled maintenance needs prior to January 1 of the year before the last year in which a transfer may be made under section 24-75-219, C.R.S.

Requires the joint budget committee to consult with the capital development committee when making financing recommendations and to recommend implementing legislation by the following February 1.

Preserves the capital development committee's existing role in studying, reviewing, prioritizing capital needs and making funding recommendations to the joint budget committee in the annual appropriation act.

Takes effect August 6, 2014, unless a referendum petition is filed, in which case it takes effect upon voter approval in November 2014.