§ 24-75-303 — Appropriation for capital construction

Colorado § 24-75-303

• Jurisdiction: Colorado
• Title 24: Government
• Art.: State Funds

Text

(1) The general
assembly shall make a capital construction appropriation in such form, in such
amounts, and from such funds as it deems necessary and may appropriate either for
construction or for planning of any project.

(2) No capital construction appropriation may be made to or expended by
any state agency or state institution of higher education that has not complied with
the requirements of section 24-30-1303.5, with respect to preparation and
maintenance of a state inventory of real property.

(2.5) No capital construction appropriation may be made to or expended by
any state agency or state institution of higher education that has not received
approval of a facility management plan for a vacant facility controlled by the state
agency or state institution of higher education pursuant to section 24-30-1303.5,
unless the capital development committee exempts the state agency or state
institution of higher education from the provisions of section 24-30-1303.5 (3.5)(f).

(3) A capital construction project for a state institution of higher education
that is expected to be paid from cash funds or other nonstate moneys held by the
institution must be commenced pursuant to section 23-1-106, C.R.S.

(3.5) If a capital construction project for a state institution of higher
education is to be completed using a combination of capital construction
appropriations pursuant to this section and cash funds or other nonstate moneys
held by the institution, the institution may, at any time prior to or after receiving the
cash funds or other nonstate moneys, earn the moneys appropriated from the state
capital construction fund. For any project funded in part by capital construction
appropriations pursuant to this section, if there are cash funds or other nonstate
moneys remaining after the project is completed, the institution shall refund
moneys to the state capital construction fund in proportion to the amount of state
capital construction moneys appropriated for the project.

(4) All contracts required as the result of a capital construction
appropriation shall be entered into in accordance with section 24-30-1404 (7).

(5) (a) Except for an appropriation for a financed purchase of an asset or
certificate of participation payment, except as provided in subsection (5)(b) of this
section, and unless otherwise noted in a footnote in an appropriation act, an
appropriation for a capital construction budget item or an information technology
capital project, including capital construction, controlled maintenance, or capital
renewal projects, as such terms are defined in section 24-30-1301, included in:

(I) The annual general appropriation act is available for expenditure upon
enactment of the act and remains available for expenditure or encumbrance for
three full fiscal years commencing with the fiscal year for which the annual general
appropriation act is enacted, or until the project is completed, whichever is first;
and

(II) A supplemental appropriation act authorized or required by section 2-3-208, 24-37-304, 24-75-111 (5), or 24-75-111.5 (5) is available for expenditure upon
enactment of the supplemental appropriation act and remains available for
expenditure or encumbrance for the remainder of the fiscal year during which the
supplemental appropriation act was enacted and for the next two full fiscal years
thereafter, or until the project is completed, whichever is first; except that
expenditures and nonmonetary adjustments allowed under section 24-75-111 or 24-75-111.5 are available for expenditure as specified in such sections.

(b) If a portion of an appropriation for a capital construction budget item or
an information technology capital project, including capital construction, controlled
maintenance, or capital renewal projects, is not expended in the first fiscal year,
then the appropriation does not remain available for expenditure or encumbrance
as described in subsection (5)(a) of this section.

(c) Any unexpended and unencumbered money remaining after the periods
set forth in subsection (5)(a) of this section reverts to the fund from which it was
appropriated.

Legislative History

Source: L. 59: p. 149, � 5. CRS 53: � 3-3-12. C.R.S. 1963: � 3-3-12. L. 83: Entire section amended, p. 895, � 2, effective July 1. L. 92: (3) added, p. 583, � 1, effective June 1. L. 95: (4) added, p. 165, � 2, effective April 7. L. 2001: (3) amended, p. 665, � 2, effective August 8. L. 2003: (2.5) added, p. 964, � 4, effective July 1. L. 2008: IP(3)(a) and (3)(a)(I) amended, p. 1482, � 28, effective May 28; IP(3)(a) amended, p. 1903, � 93, effective August 5. L. 2009: (3)(a) amended, (SB 09-290), ch. 374, p. 2041, � 6, effective January 1, 2010. L. 2011: (3.5) added, (HB 11-1301), ch. 297, p. 1430, � 29, effective August 10. L. 2014: Entire section amended, (HB 14-1387), ch. 378, p. 1849, � 52, effective June 6. L. 2016: (3) amended, (HB 16-1459), ch. 317, p. 1281, � 3, effective August 10. L. 2018: (5) added, (HB 18-1371), ch. 312, p. 1874, � 1, effective August 8. L. 2021: IP(5)(a) amended, (HB 21-1316), ch. 325, p. 2031, � 42, effective July 1. L. 2025: (5)(a)(II) amended, (HB 25-1313), ch. 405, p. 2313, � 8, effective August 6.