HB 1406: Repeal Capital Construction Funding Requirements

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

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.)

Sponsors

Sponsors by party (alphabetical): Democratic 6 · Republican 2

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

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

Showing 12 most recent of 16 actions. Full history