HI HB1848

Classifies agency-wide technology and computer systems with an estimated useful life greater than seven years as capital investments eligible for bond financing and capital depreciation.

Amends the definition of "capital investment costs" to include all agency and contracted labor costs for installation, monitoring, and replacement of qualifying technology and computer systems.

Establishes new project phases for technology systems (planning, testing, implementation, and monitoring) distinct from traditional capital improvement phases (land acquisition, design, construction, and occupancy).

Allows large-scale technology projects to be funded over longer periods rather than within single biennium operating budgets, improving project implementation efficiency.

Takes effect July 1, 2010.