CO SB239

Creates the Capitol Complex Renovation Fund to finance capital construction and renovation projects for state-owned buildings in the Capitol complex, funded through depreciation-lease equivalent payments from capital construction appropriations beginning in fiscal year 2022-23.

Redirects depreciation and maintenance set-aside amounts from individual state agency capital reserve accounts to the Capitol Complex Renovation Fund from June 30, 2023 through June 30, 2029.

Appropriates $26,721,314 from the Capitol Complex Renovation Fund to the Department of Personnel for fiscal year 2022-23, with funds designated for renovations at the Capitol Building Annex (1375 Sherman Street), Centennial Building (1313 Sherman Street), and building at 1570 Grant Street; LEED certification; security improvements; and electric vehicle charging stations.

Requires state agencies that terminate private office space leases after July 1, 2023 to transfer annual lease cost savings to the Capital Construction Fund until total transferred amounts equal transfers to the Capitol Complex Renovation Fund.

Establishes quarterly reporting requirements to the Capital Development Committee regarding renovation project status, private office space leases, and estimated lease termination costs; the Capitol Complex Renovation Fund and reporting requirements expire July 1, 2030.