Colorado Code
Part 3 - Capital Construction Fund
§ 24-75-303. Appropriation for Capital Construction

(2.5) No capital construction appropriation may be made to or expended by any state agency or state institution of higher education that has not received approval of a facility management plan for a vacant facility controlled by the state agency or state institution of higher education pursuant to section 24-30-1303.5, unless the capital development committee exempts the state agency or state institution of higher education from the provisions of section 24-30-1303.5 (3.5)(f).

(3.5) If a capital construction project for a state institution of higher education is to be completed using a combination of capital construction appropriations pursuant to this section and cash funds or other nonstate moneys held by the institution, the institution may, at any time prior to or after receiving the cash funds or other nonstate moneys, earn the moneys appropriated from the state capital construction fund. For any project funded in part by capital construction appropriations pursuant to this section, if there are cash funds or other nonstate moneys remaining after the project is completed, the institution shall refund moneys to the state capital construction fund in proportion to the amount of state capital construction moneys appropriated for the project.








Source: L. 59: p. 149, § 5. CRS 53: § 3-3-12. C.R.S. 1963: § 3-3-12. L. 83: Entire section amended, p. 895, § 2, effective July 1. L. 92: (3) added, p. 583, § 1, effective June 1. L. 95: (4) added, p. 165, § 2, effective April 7. L. 2001: (3) amended, p. 665, § 2, effective August 8. L. 2003: (2.5) added, p. 964, § 4, effective July 1. L. 2008: IP(3)(a) and (3)(a)(I) amended, p. 1482, § 28, effective May 28; IP(3)(a) amended, p. 1903, § 93, effective August 5. L. 2009: (3)(a) amended, (SB 09-290), ch. 374, p. 2041, § 6, effective January 1, 2010. L. 2011: (3.5) added, (HB 11-1301), ch. 297, p. 1430, § 29, effective August 10. L. 2014: Entire section amended, (HB 14-1387), ch. 378, p. 1849, § 52, effective June 6. L. 2016: (3) amended, (HB 16-1459), ch. 317, p. 1281, § 3, effective August 10. L. 2018: (5) added, (HB 18-1371), ch. 312, p. 1874, § 1, effective August 8. L. 2021: IP(5)(a) amended, (HB 21-1316), ch. 325, p. 2031, § 42, effective July 1.
Cross references: For the legislative declaration in HB 14-1387, see section 1 of chapter 378, Session Laws of Colorado 2014.

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