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

Date: 02/25/2016

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.pdf