C.R.S.
Section 24-75-307
Capitol complex master plan implementation fund
- creation
- transfers for fund
(1)
The capitol complex master plan implementation fund is created in the state treasury. The fund consists of moneys transferred from the general fund to the fund as specified in subsection (2) of this section, any other money that the general assembly may transfer or appropriate to the fund, and interest and income derived from the deposit and investment of the fund, which remains in the fund and is not transferred to the general fund or any other fund at the end of any fiscal year.(2)
On July 1, 2019, and on July 1 of each succeeding fiscal year, the state treasurer, upon the request of the capital development committee, may make a transfer from the general fund to the capitol complex master plan implementation fund in an amount equal to twenty million dollars less the amount transferred to the national western center trust fund pursuant to section 23-31-902 (3), subject to the following limitations:(a)
If the state has not entered into one or more financed purchase of an asset or certificate of participation agreements as authorized by section 23-31-903, and no transfer is made to the national western center trust fund pursuant to section 23-31-902, ten million dollars may be transferred to the capitol complex master plan implementation fund and ten million dollars may be transferred to the controlled maintenance trust fund created in section 24-75-302.5 (2)(a); and(b)
The total amount transferred to the capitol complex master plan implementation fund pursuant to this subsection (2) shall not exceed eighty million dollars.(2.5)
On July 1, 2023, and on each July 1 thereafter through July 1, 2028, the state treasurer shall transfer any amount transferred to the capitol complex master plan implementation fund pursuant to subsection (2) of this section from the capitol complex master plan implementation fund to the capitol complex renovation fund created in section 24-30-1313.(3)
Subject to project-specific approval by the capital development committee of the general assembly and annual appropriation by the general assembly, the department of personnel may expend money from the capitol complex master plan implementation fund for any project that is included in the capitol complex master plan developed, and if applicable, modified or updated, pursuant to section 24-82-101 (3).(4)
On September 1, 2022, the state treasurer shall transfer eighteen million six hundred thousand dollars from the capitol complex master plan implementation fund to the capitol complex renovation fund created in section 24-30-1313.
Source:
Section 24-75-307 — Capitol complex master plan implementation fund - creation - transfers for fund, https://leg.colorado.gov/sites/default/files/images/olls/crs2023-title-24.pdf (accessed Oct. 20, 2023).
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