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HB 1406STATE · ColoradoIntroduced

Repeal Capital Construction Funding Requirements

Current law requires most state agencies and institutions of higher education that receive an appropriation for capital construction to set aside an amount of money equal to the recorded depreciation of the capital asset that was acquired, repaired, improved, replaced, renovated, or constructed with the appropriation (annual depreciation-lease equivalent payment) to pay for the long-term maintenance costs of the capital asset. Currently, the money that state agencies or institutions of higher education set aside for maintenance costs is credited to the capitol complex renovation fund. The act repeals the annual depreciation-lease equivalent payment requirement.     Currently, the department of personnel uses the money in the capitol complex renovation fund (fund) for capital construction needs for existing state-owned buildings in the capitol complex. The act requires the state treasurer to transfer $15,263,000 from the fund to the general fund on June 30, 2026. The act also requires the state treasurer to transfer the remaining balance of the fund on June 30, 2027, to the general fund and then repeals the fund. In addition, the act repeals a reporting requirement in connection with the use of the money in the fund.     The act also repeals the capitol complex master plan implementation fund, including its ongoing transfers to the fund.     The act decreases multiple cash fund and general fund appropriations made in the annual general appropriation act for the 2026-27 state fiscal year to various state departments for annual depreciation-lease equivalent payments.(Note: This summary applies to this bill as enacted.)

Voted: 6/1/2026Source

How representatives voted

64 yea·1 nay·6 other

Action history

  • 4/17/2026House Considered Senate Amendments - Result was to Concur - Repass
  • 4/16/2026Senate Third Reading Passed - No Amendments
  • 4/15/2026Senate Second Reading Special Order - Passed - No Amendments
  • 4/15/2026Senate Second Reading Special Order - Passed with Amendments - Committee
  • 4/14/2026Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole
  • 4/13/2026Introduced In Senate - Assigned to Appropriations
  • 4/11/2026House Third Reading Passed with Amendments - Floor
  • 4/10/2026House Third Reading Laid Over Daily - No Amendments
  • 4/9/2026House Second Reading Special Order - Passed - No Amendments
  • 4/8/2026House Second Reading Special Order - Laid Over Daily - No Amendments