NOTE: The governor signed this measure on 4/7/2014.
      
      
      SENATE BILL 14-110
      
      
      BY SENATOR(S) Steadman, Hodge, Lambert, Crowder;
      also REPRESENTATIVE(S) Gerou, Duran, May, Becker, Court, Fields,
      Fischer, Labuda, Mitsch Bush, Pettersen, Priola, Rosenthal, Salazar,
      Schafer, Vigil, Williams, Young.
      
      
      Concerning the general assembly's development of
           recommendations regarding new methods of financing the
           state's ongoing capital construction needs.
      
      
      Be it enacted by the General Assembly of the State of Colorado:
      
           SECTION 1.  Legislative declaration. The general assembly
      hereby finds and declares that while it is an appropriate duty of the joint
      budget committee to develop and make recommendations concerning new
      methods of financing the state's ongoing capital construction, capital
      renewal, and controlled maintenance needs, the capital development
      committee's role in studying, reviewing, and prioritizing the state's ongoing
      capital construction, capital renewal, and controlled maintenance needs and
      making recommendations to the joint budget committee regarding the
      funding of such needs in the annual general appropriation act remains
      unchanged.
      
           SECTION 2.  In Colorado Revised Statutes, 2-3-1304, repeal (1)
      (g) as follows:
      
           2-3-1304.  Powers and duties of capital development committee.
      (1)  The capital development committee has the following powers and
      duties:
      
           (g)  Prior to January 1, 2016, to develop and make recommendations
      concerning new methods of financing the state's ongoing capital
      construction needs and controlled maintenance. No later than February 1,
      2016, the committee shall recommend legislation to implement the
      recommendations.
      
           SECTION 3.  In Colorado Revised Statutes, 2-3-203, add (1) (g)
      as follows:
      
           2-3-203.  Powers and duties of the joint budget committee -
      repeal. (1)  The committee has the following power and duties:
      
           (g)  Prior to January 1 of the year prior to the last year in
      which a transfer may be made under section 24-75-219, C.R.S., to
      develop and make recommendations in consultation with the
      capital development committee established in section 2-3-1302
      concerning new methods of financing the state's ongoing capital
      construction, capital renewal, and controlled maintenance
      needs. No later than the following February 1, the committee
      shall recommend legislation to implement the recommendations.
      
           SECTION 4.  Act subject to petition - effective date. This act
      takes effect at 12:01 a.m. on the day following the expiration of the
      ninety-day period after final adjournment of the general assembly (August
      6, 2014, if adjournment sine die is on May 7, 2014); except that, if a
      referendum petition is filed pursuant to section 1 (3) of article V of the state
      constitution against this act or an item, section, or part of this act within
      such period, then the act, item, section, or part will not take effect unless
      approved by the people at the general election to be held in November 2014
      and, in such case, will take effect on the date of the official declaration of
      the vote thereon by the governor.
      
      
      
      
      ____________________________  ____________________________
      Morgan Carroll                        Mark Ferrandino
      PRESIDENT OF                     SPEAKER OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
      
      
      ____________________________  ____________________________
      Cindi L. Markwell                      Marilyn Eddins
      SECRETARY OF                 CHIEF CLERK OF THE HOUSE
      THE SENATE                         OF REPRESENTATIVES
      
      
      
      
                  APPROVED________________________________________
      
      
      
      
      
                                    _________________________________________
                                    John W. Hickenlooper
                                    GOVERNOR OF THE STATE OF COLORADO