Fund Controlled Maintenance Projects
| Type | Bill |
|---|---|
| Session | 2020 Regular Session |
| Subjects |
Concerning a requirement that a portion of the proceeds of the Senate Bill 17-267 lease-purchase agreement that will be executed in state fiscal year 2019-20 be credited to the capital construction fund and appropriated only for controlled maintenance projects, including controlled maintenance projects that are capital renewal projects.
Bill Summary:
Under current law, enacted by Senate Bill 17-267, the state executed the second of 4 tranches of lease-purchase agreements of up to $500 million in principal value each before the end of state fiscal year 2019-20 for the sole purpose of funding transportation projects. Due to a favorable interest rate environment, the state actually received more than $600 million of proceeds from the execution of this second tranche of lease-purchase agreements. The act requires the first $49 million of proceeds received in excess of $500 million to be credited to the capital construction fund and appropriated for controlled maintenance projects, including controlled maintenance projects that are capital renewal projects, instead of transportation projects.
(Note: This summary applies to this bill as enacted.)
Prime Sponsors
Representative
Daneya Esgar
Representative
Julie McCluskie
Senator
Rachel Zenzinger
Senator
Bob Rankin
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Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 20-1377 to the Committee of the Whole. | The motion passed on a vote of 7-3. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 20-1377 to the Committee of the Whole. | The motion passed on a vote of 11-0. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 06/06/2020 | Third Reading | BILL |
21
AYE
12
NO
2
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 06/03/2020 | Third Reading | BILL |
43
AYE
21
NO
1
OTHER
|
Vote record |
| Date | Amendment Number | Committee/ Floor Hearing | Status | Documents |
|---|---|---|---|---|
| 06/01/2020 | L.001 | Second Reading | Passed [**] |
| Date | Location | Action |
|---|---|---|
| 06/30/2020 | Governor | Governor Signed |
| 06/29/2020 | Governor | Sent to the Governor |
| 06/29/2020 | House | Signed by the Speaker of the House |
| 06/29/2020 | Senate | Signed by the President of the Senate |
| 06/06/2020 | Senate | Senate Third Reading Passed - No Amendments |
| 06/05/2020 | Senate | Senate Second Reading Special Order - Passed - No Amendments |
| 06/04/2020 | Senate | Senate Committee on Appropriations Refer Unamended to Senate Committee of the Whole |
| 06/03/2020 | Senate | Introduced In Senate - Assigned to Appropriations |
| 06/03/2020 | House | House Third Reading Passed - No Amendments |
| 06/02/2020 | House | House Third Reading Laid Over Daily - No Amendments |
| 06/01/2020 | House | House Second Reading Passed with Amendments - Floor |
| 05/29/2020 | House | House Second Reading Laid Over to 06/01/2020 - No Amendments |
| 05/27/2020 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 05/26/2020 | House | Introduced In House - Assigned to Appropriations |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 06/30/2020 | 191 | Fund Controlled Maintenance Projects |