HB 1406 CO

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Became Law

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.)

• E. Sirota Democratic · sponsor
• R. Taggart Republican · sponsor
• J. Amabile Democratic · sponsor
• B. Kirkmeyer Republican · sponsor
• K. Brown Democratic · sponsor
• J. Bridges Democratic · sponsor

1. Jun 1, 2026 Governor Signed · executive
2. Apr 15, 2026 Senate Second Reading Special Order - Passed - No Amendments · upper
3. May 29, 2026 Sent to the Governor · executive
4. May 29, 2026 Signed by the President of the Senate · upper
5. May 29, 2026 Signed by the Speaker of the House · lower
6. Apr 17, 2026 House Considered Senate Amendments - Result was to Concur - Repass · lower
7. Apr 16, 2026 Senate Third Reading Passed - No Amendments · upper
8. Apr 15, 2026 Senate Second Reading Special Order - Passed with Amendments - Committee · upper
9. Apr 14, 2026 Senate Committee on Appropriations Refer Amended - Consent Calendar to Senate Committee of the Whole · upper
10. Apr 13, 2026 Introduced In Senate - Assigned to Appropriations · upper
11. Apr 11, 2026 House Third Reading Passed with Amendments - Floor · lower
12. Apr 10, 2026 House Third Reading Laid Over Daily - No Amendments · lower
13. Apr 9, 2026 House Second Reading Special Order - Passed - No Amendments · lower
14. Apr 8, 2026 House Second Reading Special Order - Laid Over Daily - No Amendments · lower
15. Apr 6, 2026 House Committee on Appropriations Refer Unamended to House Committee of the Whole · lower
16. Apr 2, 2026 Introduced In House - Assigned to Appropriations · lower