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HB17-1144

Amend Capital Construction Automatic Funding Mechanism

Concerning amendments to the automatic cash fund funding mechanism for payment of future costs attributable to certain of the state's capital assets.
Session:
2017 Regular Session

Capital Development Committee. In the case of appropriations for capital construction, not including information technology projects, the bill requires the general assembly to include an annual depreciation-lease equivalent payment line item payable from the cash fund that is the funding source for the capital construction appropriation in the operating section of the annual general appropriation act for each state agency.

The bill also clarifies that one appropriation may be for the acquisition, repair, improvement, replacement, renovation, or construction of more than one capital asset.

The bill clarifies that 'cash fund' does not include the money allocated to the division of parks and wildlife from lottery proceeds as specified in section 3 of article XXVII of the state constitution.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Became Law

Bill Text

  • All Versions (7 )
    Date Bill Type Documents
    04/13/2017 Signed Act PDF
    04/07/2017 Final Act PDF
    03/28/2017 Rerevised PDF
    03/27/2017 Revised PDF
    03/07/2017 Reengrossed PDF
    03/06/2017 Engrossed PDF
    02/02/2017 Introduced PDF