SB 25-248

  • Colorado Senate Bill
  • 2025 Regular Session
  • Introduced in Senate Apr 03, 2025
  • Passed Senate Apr 03, 2025
  • Passed House Apr 10, 2025
  • Signed by Governor Apr 25, 2025

Repeal Lease Savings Transfer to Capital Construction Fund

Abstract

Since July 1, 2023, a state agency that terminates a lease for private space has been required to calculate the associated amount of the annual reduction in the state agency's leased space costs (cost reduction). The general assembly has been required to annually transfer to the capital construction fund, from the fund that was the source of the funding for the lease, an amount equal to the cost reduction from the fund that was the source of the funding for the lease until the total amount transferred equals the amount that has been required to be transferred to the capitol complex renovation fund from annual depreciation-lease equivalent payments that otherwise would be credited to state agency capital reserve accounts. The act repeals the requirements that a state agency calculate its cost reduction and that the general assembly make the annual transfers to the capital construction fund. (Note: This summary applies to this bill as enacted.)

Bill Sponsors (9)

Votes


Apr 10, 2025

Apr 03, 2025

Actions


Apr 25, 2025

Office of the Governor

Governor Signed

Apr 16, 2025

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

Apr 15, 2025

Senate

Signed by the President of the Senate

Apr 10, 2025

House

House Third Reading Passed - No Amendments

Apr 09, 2025

House

House Second Reading Special Order - Passed - No Amendments

Apr 08, 2025

House

House Committee on Appropriations Refer Unamended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
Appropriations House Committee of the Whole

Apr 03, 2025

House

Introduced In House - Assigned to Appropriations

  • Introduction
Appropriations

Senate

Senate Third Reading Passed - No Amendments

Apr 02, 2025

Senate

Senate Second Reading Special Order - Passed - No Amendments

Apr 01, 2025

Senate

Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole

  • Committee-Passage
Appropriations

Mar 31, 2025

Senate

Introduced In Senate - Assigned to Appropriations

  • Introduction
Appropriations

Bill Text

Bill Text Versions Format
Signed Act (04/25/2025) PDF
Final Act (04/16/2025) PDF
Rerevised (04/10/2025) PDF
Revised (04/09/2025) PDF
Reengrossed (04/03/2025) PDF
Engrossed (04/02/2025) PDF
Introduced (03/31/2025) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note SA1 (03/31/2025) PDF
Fiscal Note SA2 (04/03/2025) PDF
Fiscal Note FN1 (03/31/2025) PDF
Fiscal Note FN2 (08/11/2025) PDF

Sources

Data on Open States is updated periodically throughout the day from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.