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SB 183 CO
Passed One Chamber

State Funding for Colorado School of Mines Capital Construction Costs

CO · session 2026A · Senate · bill

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Introduced Apr 29, 2026

Latest action (May 12, 2026) Introduced In Senate - Assigned to Finance

Summary

This bill requires the Colorado state treasurer to execute financing agreements by December 31, 2026, to finance a portion of capital renewal costs at the Colorado School of Mines. The financing agreements will provide up to $13 million in principal, plus reasonable administrative, monitoring, and closing costs and interest. The annual state-funded payments for principal and interest will be limited to $17.5 million minus the amount of payments due under House Bill 24-1231, with principal repayment not beginning before July 1, 2027. The proceeds from these financing agreements will be used to renew critical building systems at Guggenheim Hall at the Colorado School of Mines.

AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.

Official abstract

The bill requires the state treasurer, on behalf of the state, to execute, no later than December 31, 2026, financed purchase of an asset or certificate of participation agreements (financing agreements) to finance a portion of the capital costs related to the capital renewal of a facility at the Colorado school of mines. The financing agreements are to be issued in an aggregate principal amount not to exceed $13 million plus reasonable and necessary administrative, monitoring, and closing costs and interest, including capitalized interest. The anticipated annual state-funded payments for the principal and interest components due under the financing agreements must not exceed the difference between $17.5 million and the amount of the annual state-funded payments for the agreements entered into pursuant to House Bill 24-1231, with principal amortization not occurring before July 1, 2027. The proceeds from the financing agreements will be used for the renewal of critical building systems of Guggenheim hall at the Colorado school of mines.(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Sponsors (4)

5 coauthors / cosponsors

Action history (7)

  1. May 12, 2026 House Committee on Finance Postpone Indefinitely · lower
  2. May 12, 2026 Introduced In House - Assigned to Finance · lower
  3. May 11, 2026 Senate Third Reading Passed with Amendments - Floor · upper
  4. May 8, 2026 Senate Second Reading Special Order - Passed with Amendments - Committee · upper
  5. May 8, 2026 Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole · upper
  6. May 5, 2026 Senate Committee on Finance Refer Unamended to Appropriations · upper
  7. Apr 29, 2026 Introduced In Senate - Assigned to Finance · upper
Subjects
Capital ConstructionFiscal Policy & TaxesHigher EducationState GovernmentState Revenue & Budget

Full text

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