SB 25-248 CO

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Became Law

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.)

• Jeff Bridges Democratic · primary
• Barbara Kirkmeyer Republican · primary
• Shannon Bird · primary
• Rick Taggart Republican · primary

1. Apr 25, 2025 Governor Signed · executive
2. Apr 16, 2025 Sent to the Governor · executive
3. Apr 16, 2025 Signed by the Speaker of the House · lower
4. Apr 15, 2025 Signed by the President of the Senate · upper
5. Apr 10, 2025 House Third Reading Passed - No Amendments · lower
6. Apr 9, 2025 House Second Reading Special Order - Passed - No Amendments · lower
7. Apr 8, 2025 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
8. Apr 3, 2025 Introduced In House - Assigned to Appropriations · lower
9. Apr 3, 2025 Senate Third Reading Passed - No Amendments · upper
10. Apr 2, 2025 Senate Second Reading Special Order - Passed - No Amendments · upper
11. Apr 1, 2025 Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole · upper
12. Mar 31, 2025 Introduced In Senate - Assigned to Appropriations · upper