Colorado § 24-75-403 Capital reserve - creation - annual appropriation - definitions

Colorado Statutes

§ 24-75-403 — Capital reserve - creation - annual appropriation - definitions

Colorado·Title 24 Government·Art. State Funds

(1)As used in this section:

(a)Capital construction has the same meaning as set forth in section 24-30-1301 (2).

(b)Capital outlay has the same meaning as set forth in section 24-75-112

(1)(a).

(c)Capital renewal has the same meaning as set forth in section 24-30-1301 (3).

(d)Cash fund means any fund established by law for a specific program or purpose; except that cash fund does not include the state general fund created by section 24-75-201, the lottery fund created in section 44-40-111, the highway users tax fund created in section 43-4-201, or the limited gaming fund created in section 44-30-701 (1).

(e)Controlled maintenance has the same meaning as set forth in section 24-30-1301 (4).

(f)Depreciation means an amount calculated in accordance with generally accepted

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(1) As used in this section:

(a) Capital construction has the same meaning as set forth in section 24-30-1301 (2).

(b) Capital outlay has the same meaning as set forth in section 24-75-112
(1)(a).

(c) Capital renewal has the same meaning as set forth in section 24-30-1301 (3).

(d) Cash fund means any fund established by law for a specific program or
purpose; except that cash fund does not include the state general fund created
by section 24-75-201, the lottery fund created in section 44-40-111, the highway
users tax fund created in section 43-4-201, or the limited gaming fund created in
section 44-30-701 (1).

(e) Controlled maintenance has the same meaning as set forth in section
24-30-1301 (4).

(f) Depreciation means an amount calculated in accordance with generally
accepted accounting principles.

(g) Depreciation period means a period determined in fiscal procedures
issued by the state controller.

(2) For each cash fund from which moneys are appropriated for capital
outlay or capital construction, the principal department responsible for the
accounting related to the fund shall identify in the fund balance report a capital
reserve, which consists of an amount equal to the depreciation of the depreciable
components of the capital outlay or the capital construction, based on the
depreciation period.

(2.5) For each cash fund from which money is appropriated for an
information technology capital project, the principal department responsible for the
accounting related to the cash fund shall identify in the cash fund balance report
an information technology capital reserve, which consists of an amount equal to the
depreciation of the depreciable components of the information technology capital
project, based on the depreciation period. The provisions of this subsection (2.5) do
not apply to cash funds that are excluded from the requirements of section 24-37.5-127 pursuant to section 24-37.5-127 (1)(c).

(3) Any uncommitted capital reserves at the end of a fiscal year may be used
for capital outlay, capital construction, capital renewal, or controlled maintenance,
subject to an appropriation in the annual general appropriation act. This
appropriation requirement applies even if the moneys in the fund are otherwise
continuously appropriated.

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Legislative History

Source: L. 2015: Entire section added, (HB 15-1280), ch. 176, p. 572, � 1, effective May 11. L. 2018: (1)(d) amended, (SB 18-034), ch. 14, p. 248, � 40, effective October 1; (1)(d) amended, (HB 18-1027), ch. 31, p. 364, � 13, effective October 1. L. 2024: (2.5) added, (SB 24-224), ch. 485, p. 3391, � 3, effective June 7.