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68D70A774E3A257D87258987004F216B Hearing Summary




PUBLIC
BILL SUMMARY For CONSIDERATION OF SENATE BILL 23-250 PURSUANT TO SENATE RULE 42

JOINT COMMITTEE COMMITTEE ON CAPITAL DEVELOPMENT COMMITTEE
Date Apr 4, 2023      
Location SCR 357



Consideration of Senate Bill 23-250 Pursuant to Senate Rule 42 - Committee Discussion Only
08:33:35 AM  
Senator Mullica and
Representative Catlin, co-prime sponsors, introduced and explained Senate
Bill 23-250 Transfer From Severance Tax Operations Cash Fund. The bill
authorizes certain energy-related capital construction expenditures at
two state institutions of higher education.  The sponsors explained
that they were able to find some funds to fund the Colorado Mesa University's
Geothermal Exchange Loop project and Western Colorado University's Hurst
Hall Lab Renovation project. Senator Mullica summarized the process of
discussing these projects during the capital request process and how the
sponsors were able to find additional funding for these projects.  Representative
Catlin added comments explaining the motivation behind this bill.  Senator
Mullica discussed importance of return on investment (ROI) for these projects.
 Senator Mullica and Representative Catlin answered questions from
the committee.
08:53:36 AM  
The committee laid
over action on this item to a later date.






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