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CO HB1371
Bill
Status
5/29/2018
Primary Sponsor
Daneya Esgar
Click for details
AI Summary
HB 18-1371 Summary
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Capital construction, information technology capital, controlled maintenance, and capital renewal project appropriations from annual general appropriation acts remain available for expenditure or encumbrance for three full fiscal years from enactment, or until project completion, whichever occurs first.
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Capital construction appropriations from supplemental appropriation acts authorized under specified statutes remain available for three full fiscal years from the fiscal year of enactment, with exceptions for expenditures and nonmonetary adjustments under certain sections.
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Any portion of a capital construction appropriation not expended in the first fiscal year forfeits the three-year availability period; all unexpended and unencumbered money reverts to the originating fund after the three-year period.
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State agencies and the Office of State Planning and Budgeting must meet deadlines established in statute for submitting capital construction budget requests, amendments, and supplemental appropriation-related amendments prior to Joint Budget Committee submission.
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December 10 deadline applies to capital construction budget request amendments related to supplemental appropriations for current or previous fiscal years, with emergency submissions permitted if the office notifies the capital development committee within 30 days of determining the emergency.
Legislative Description
Capital Construction Budget Items
Last Action
Governor Signed
5/29/2018