Colorado · 2025 Regular Session · Bill
SB 25-248: Repeal Lease Savings Transfer to Capital Construction Fund
Enacted Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 25-248 is a bill introduced in the Colorado Senate on March 31, 2025. According to its official title, it concerns: Repeal Lease Savings Transfer to Capital Construction Fund. Primary sponsor: Rick Taggart (Republican), Shannon Bird, Barbara Kirkmeyer (Republican), Jeff Bridges (Democratic). It lists 5 additional sponsors. Most recent recorded action (April 25, 2025): Governor Signed.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.)
Sponsors
Sponsors by party (alphabetical): Democratic 4 · Republican 4
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Rick Taggart | Primary sponsor | Republican | House | 55 |
| Shannon Bird | Primary sponsor | Not applicable (committee) | — | — |
| Barbara Kirkmeyer | Primary sponsor | Republican | Senate | 23 |
| Jeff Bridges | Primary sponsor | Democratic | Senate | 26 |
| Judy Amabile | Co-sponsor | Democratic | Senate | 18 |
| Nick Hinrichsen | Co-sponsor | Democratic | Senate | 3 |
| Rebecca Keltie | Co-sponsor | Republican | House | 16 |
| Byron Pelton | Co-sponsor | Republican | Senate | 1 |
| Emily Sirota | Co-sponsor | Democratic | House | 9 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Governor Signed
- Signed by the Speaker of the House
- Sent to the Governor
- Signed by the President of the Senate
- House Third Reading Passed - No Amendments
- House Second Reading Special Order - Passed - No Amendments
- House Committee on Appropriations Refer Unamended to House Committee of the Whole
- Senate Third Reading Passed - No Amendments
- Introduced In House - Assigned to Appropriations
- Senate Second Reading Special Order - Passed - No Amendments
- Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
- Introduced In Senate - Assigned to Appropriations