J_CDC_2022A 02/24/2022 08:34:17 AM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGJOINT COMMITTEE COMMITTEE ON CAPITAL DEVELOPMENT COMMITTEE Date 02/24/2022 Attendance Fields X Rich X Sonnenberg X Valdez D. X Hooton * Story X Time 08:34:17 AM to 09:05:32 AM Place SCR 357 This Meeting was called to order by Story This Report was prepared by Bo Pogue Hearing Items Action Taken hConsideration of Draft Legislation Committee Discussion Only hDiscussion on Building Sponsorships Consideration of Draft Legislation - Committee Discussion Only Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/66CA63210359...$File/Attachment A.pdf?OpenElement Attachment A.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/E7F9BC25EB25...$File/Attachmnet B.pdf?OpenElement Attachmnet B.pdf 08:34:27 AM The committee was called to order. A quorum was present. Ms. Nicole Myers, Office of Legislative Legal Services, provided an overview of draft legislation concerning money in the Creative Industries Cash Fund. This legislation was the result of a request from the Joint Budget Committee (JBC) to the CDC. The original letter from the JBC to the CDC concerning this matter is included as Attachment A. The draft legislation is included as Attachment B. 08:40:28 AM Ruth Wilson, Office of Economic Development and International Trade (OEDIT), explained why the legislation is needed, and how the Art in Public Places Program has operated previously. Ms. Wilson responded to questions regarding which option outlined in the draft legislation is the one the office is currently executing. Ms. Myers provided input on the nature of current statutory language. Discussion ensued regarding the need for the legislation. Discussion returned to which option comports with current practice. Discussion ensued regarding how Art in Public Places money is currently being spent. Ms. Wilson responded to questions regarding why it takes three years to spend money on an Art in Public Places installation. Discussion again returned to which option comports with current practice. 08:50:28 AM The committee decided that more information was needed before deciding whether or not to introduce the draft legisaltion. Committee members directed CDC staff to engage in further conversations with OEDIT and JBC staff on the matter and report back to the committee. Discussion on Building Sponsorships - Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/2ED0665983EA...$File/Attachment C.pdf?OpenElement Attachment C.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/6274CDBAA5DE...$File/Attachment D.pdf?OpenElement Attachment D.pdf 08:57:09 AM At the request of the JBC, the committee discussed protocol around naming sponsorships for state-funded buildings, specifically in regards to the Nutrien Agricultural Sciences Building fka the Shepardson Building at Colorado State University. The original letter from the JBC to the CDC concerning sponsored building naming rights is included as Attachment C. An explanation from Colorado State University on their naming policies is included as Attachment D. 08:57:10 AM The committee requested CDC staff draft a letter to the JBC outlining the following points: 1. The naming of buildings/classrooms after individuals or private sector companies has been common for decades; 2. The CDC is thankful for private sector and individual contributions to higher education; 3. The CDC supports higher education institutions in seeking outside funding; 4. CDC has no desire to create or implement policies or restrictions on naming facilities or how funding can be raised; and 5. The CDC asserts that the State of Colorado doesnât invest enough funding in capital and the CDC supports higher education institutions seeking opportunities to bolster funding through fundraising. 08:57:30 AM Motion Send a letter to the JBC asserting that 1. The naming of buildings/classrooms after individuals or private sector companies has been common for decades; 2. The CDC is thankful for private sector and individual contributions to higher education; 3. The CDC supports higher education institutions in seeking outside funding; 4. CDC has no desire to create or implement policies or restrictions on naming facilities or how funding can be raised; and 5. The CDC asserts that the State of Colorado doesn’t invest enough funding in capital and the CDC supports higher education institutions seeking opportunities to bolster funding through fundraising. Moved Hooton Seconded Fields Yes Rich Yes Sonnenberg Yes Valdez D. Yes Hooton Yes Story Yes YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS 09:05:32 AM The committee adjourned.