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Bill Tracker

based on: Profile: 2014 Capital

 
 
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Bill: SB14-110
Title: Recommendations For Financing Capital Construction
Official Summary

Joint Budget Committee. In Senate Bill 09-228, the general
assembly set a 5-year block of statutory transfers from the general fund
to the capital construction fund and the highway users tax fund. The
transfer for capital construction was scheduled to begin in the 2012-13
state fiscal year, provided a trigger was met. Since the trigger has not yet
occurred, the block of transfers has not started.
In addition to the transfers, Senate Bill 09-228 also required the
capital development committee to develop and make recommendations
concerning new methods of financing the state's ongoing capital
construction and controlled maintenance needs prior to January 1, 2016,
which would have been just prior to the last fiscal year of the required
transfers, if the trigger occurred, so that when the transfers end a new
funding mechanism could possibly be in place.
Since the transfers have not yet occurred, the bill changes the
deadline for the development of recommendations concerning new
methods of financing the state's ongoing capital construction and
controlled maintenance needs to align with the fourth year of anticipated
transfers to the capital construction fund. The bill also moves the
responsibility for recommendation development to the joint budget
committee rather than the capital development committee.

Senate SponsorsP. Steadman (D)
House SponsorsC. Gerou (R)
StatusGovernor Signed (04/07/2014)
Hearing Date
Hearing Time
Hearing Room

Bill: SB14-112
Title: Pub School Cap Constr Assistance Fund Approp
Official Summary

Joint Budget Committee. Under current law, the general
assembly annually appropriates to the department of education moneys
from the public school capital construction assistance fund (assistance
fund) for the costs of administering the Building Excellent Schools
Today Act (BEST) and the amount of BEST lease payments required
under BEST lease-purchase agreements, but the remainder of the
assistance fund is continuously appropriated to the public school capital
construction assistance board for the purpose of providing BEST financial
assistance awards and associated transaction costs. The bill makes all
expenditures from the assistance fund subject to annual appropriation.

Senate SponsorsP. Steadman (D)
House SponsorsC. Gerou (R)
C. Duran (D)
StatusGovernor Signed (03/20/2014)
Hearing Date
Hearing Time
Hearing Room
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