0E86F1D37E20DC7287258AE60019B398 Hearing Summary

PUBLIC
BILL SUMMARY For 7:46 PM - 8:35 PM CONSIDERATION OF CAPITAL CONSTRUCTION

JOINT COMMITTEE COMMITTEE ON JOINT BUDGET COMMITTEE
Date Mar 19, 2024
Location JBC

7:46 pm - 8:35 pm Consideration of Capital Construction - JBC action on budget request (figure setting)

08:33:54 PM	Motion	Approve Capital Construction Scenario 1, Capital Development Committee list up to and including project 11 NW CC Rangely siding insulation and window replacement, with Controlled Maintenance 1 and 2 at the top of the list. Includes a transfer of $99 million from the Controlled Maintenance Trust Fund to the Capital Construction Fund for Controlled Maintenance as recommended. Includes a net zero transfer of SB 20-219 COP payments to Higher Ed portion of Long Bill.
	Moved	Zenzinger
	Seconded

	Bridges	Yes
	Kirkmeyer	Yes
	Sirota	Yes
	Taggart	No
	Zenzinger	Yes
	Bird	Yes
		YES: 5 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS

08:34:07 PM

Staff clarified that controlled maintenance is expected to be paid from the Controlled Maintenance Trust Fund, and that the Committee has already approved draft legislation to effectuate necessary capital transfers

08:35:15 PM

Committee agreed
to grant staff permission to make adjustments related to COPs as described
by staff

7:46 pm - 8:35 pm Consideration of Capital Construction - JBC action on budget request (figure setting)

Colorado General Assembly