SB 25-248: Repeal Lease Savings Transfer to Capital Construction Fund - Colorado

Rerevised (04/10/2025) → Revised (04/09/2025) · 3 edits

MINOR

The bill text was updated from a 'Rerevised' version to a 'Revised' version, indicating the bill has been amended during the second reading in the second house. The sponsor list for the House was shortened by removing three co-sponsors (Keltie, Sirota, and Taggart), while the Senate sponsor list remains unchanged. This appears to be a procedural update reflecting the bill's progression through the legislative process rather than a substantive policy change.

TECHNICAL

Three House co-sponsors (Bird, Taggart, Sirota, Keltie) were removed from the House sponsorship list, reducing it to only Bird and Taggart.

The revision status header was updated from 'REREVISED' to 'REVISED' with updated language indicating amendments were adopted on second reading in the second house.

The '3rd Reading Unamended' date stamp for April 10, 2025 was removed from the header section.

Final Act (04/16/2025) → Rerevised (04/10/2025) · 3 edits

MINOR

This bill repeals a mechanism that required state agencies to transfer cost savings from terminating private space leases to the Capital Construction Fund. The changes remove the legal requirement for these transfers and eliminate associated reporting obligations, effectively ending the funding mechanism created by Senate Bill 22-239.

Scope change

The bill's scope changed from requiring ongoing annual transfers of lease cost reductions to the Capital Construction Fund to removing that requirement entirely.

FISCAL

Removed the requirement for the General Assembly to transfer annual lease cost reductions to the Capital Construction Fund for fiscal years beginning July 1, 2023 and beyond.

REQUIREMENT

Removed the requirement for the Department of Personnel to report quarterly to the Capital Development Committee about lease cost reductions and transfers to the Capitol Complex Renovation Fund.

DEFINITION

Removed the definition in C.R.S. 24-30-1310(3) that established how state agencies calculate annual lease cost reductions for transfer purposes.

Signed Act (04/25/2025) → Final Act (04/16/2025) · 3 edits

MINOR

This bill repeals a mechanism that required state agencies to transfer lease cost savings to the capital construction fund when terminating private space leases. The changes primarily involve formatting adjustments and minor corrections to the statutory language, with no substantive policy modifications to the core provisions.

Scope change

No substantive change to the bill's scope or applicability; changes are primarily formatting and typographical corrections.

TECHNICAL

Corrected typographical errors in the statutory text, including fixing 'icase' to 'lease', 'hansfci it,eirrirt.d' to 'transfer required', and 'private ornce space, as caicuiatca' to 'private office space, as calculated'.

Added explanatory note about legislative status and signature requirements at the beginning of the document.

Reformatted the document layout and signature lines for final act preparation, including proper spacing and signature blocks.

Reengrossed (04/03/2025) → Signed Act (04/25/2025) · 4 edits · Apr 25, 2025

MODERATE

This bill repeals a mechanism that required the state to transfer money from lease cost savings to the capital construction fund. The changes remove the requirement to calculate and transfer these savings, effectively ending the funding flow from agency lease reductions to the capital construction fund.

Scope change

The bill's scope is reduced by eliminating a specific funding transfer mechanism that applied to state agencies terminating private space leases on or after July 1, 2023.

FISCAL

Removed the requirement for the general assembly to transfer annual lease cost reductions to the capital construction fund.

REQUIREMENT

Removed the reporting requirement in section 24-30-1314 that required the department of personnel to report quarterly on lease cost reductions.

DEFINITION

Deleted subsection (3) from statute 24-30-1310 which defined the lease cost reduction transfer mechanism.

Deleted subsection (1)(b) from statute 24-30-1314 which required reporting on lease cost reductions.

Engrossed (04/02/2025) → Reengrossed (04/03/2025) · 3 edits · Apr 3, 2025

MINOR

The bill was reengrossed to include additional Senate sponsors (Hinrichsen and Pelton B.) and updated the bill summary to reflect that it now includes all amendments adopted in the House of Introduction. The document header was also changed from 'Engrossed' to 'Reengrossed' to accurately represent the legislative stage.

TECHNICAL

Added two new Senate sponsors: Hinrichsen and Pelton B.

Changed document title from 'Engrossed' to 'Reengrossed' to reflect current legislative status.

Updated bill summary note to indicate it now includes amendments adopted in the House of Introduction.

Introduced (03/31/2025) → Engrossed (04/02/2025) · 1 edit · Apr 3, 2025

MINOR

The bill was amended from 'Introduced' to 'Engrossed' status, incorporating all amendments adopted during the Second Reading in the House. The primary substantive change appears to be a status update reflecting legislative progress rather than a policy modification. The text indicates the bill passed through a committee review process.

TECHNICAL

Bill status changed from 'Introduced' to 'Engrossed' with updated date (April 2, 2025) and inclusion of all House amendments adopted during Second Reading.

Repeal Lease Savings Transfer to Capital Construction Fund

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