CO HB1346

Colorado Department of Human Services is authorized to sell up to 66 acres of vacant land at the Colorado Mental Health Institute at Fort Logan to the United States Department of Veterans Affairs at fair market value for cemetery expansion.

Proceeds from the sale of the first 15 acres must be credited as specified in section 26-12-108(4), Colorado Revised Statutes.

Proceeds from the sale of the remaining 51 acres must be credited to the Fort Logan Land Sale Account, a new special account created within the Capital Construction Fund.

Money in the Fort Logan Land Sale Account may be used for future capital construction, capital renewal, or controlled maintenance expenses of the Department of Human Services, with approval by the Office of State Planning and Budgeting and the Capital Development Committee, but all or a portion must be expended for veterans-related and behavioral health-related projects.

Unexpended or unencumbered money in the account remains available in subsequent fiscal years and is subject to annual appropriation.