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j_cdc_2016a_2016-02-25t07:33:00z0 Hearing Summary

Date: 02/25/2016



Final

University of Colorado Two-Year Cash List



COMMITTEE ON CAPITAL DEVELOPMENT COMMITTEE


Votes: View--> Action Taken:
Approve the revised project listed on the Universi PASS







07:33 AM -- University of Colorado Two-Year Cash List



The committee was called to order. A quorum was present. Kori Donaldson, Legislative Council Staff, explained the 15 percent enhancement clause under current law for higher education cash-funded projects. Committee discussion ensued on the statutory history of the 15 percent enhancement clause.



07:37 AM



Glen Gallegos, Board of Regents, University of Colorado (CU), explained recent action by the CU Board of Regents to approve additional spending authority for the university's Athletics Complex project. Committee members received a summary of the revised project on the university's two-year projection of cash need, prepared by Legislative Council Staff (Attachment A). Rick George, CU Athletic Director, discussed the purposes of the project and how it benefits student athletes. Dr. Phil DiStefano, CU Chancellor, explained the reasons for the increased cost of the project.



160225 AttachA.pdf160225 AttachA.pdf

BILL: University of Colorado Two-Year Cash List
TIME: 07:43:58 AM
MOVED: Sonnenberg
MOTION: Approve the revised project listed on the University of Colorado at Boulder two-year projection of cash need. The motion passed on a vote of 6-0.
SECONDED:
VOTE
Becker K.
Yes
Brown
Yes
Kefalas
Yes
Sonnenberg
Yes
Vigil
Yes
Baumgardner
Yes
Final YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS












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