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SB24-206

Capitol Complex Renovation Fund

Concerning the capitol complex renovation fund.
Session:
2024 Regular Session
Subject:
Capital Construction
Bill Summary

Currently, a department must annually calculate depreciation of a capital asset acquired, repaired, replaced, improved, renovated, or constructed with money appropriated to a cash fund. The depreciation amount is deducted from the cash fund and allocated to the capitol complex renovation fund through July 1, 2028. The bill extends the deposit of the depreciation amount into the capitol complex renovation fund (fund) through July 1, 2029.

The bill allows money from the fund to be allocated to projects that address accessibility under the federal "Americans with Disabilities Act of 1990" and other improvements, including improvements to the first floor, basement, and cafeteria of the capitol building. Currently, the fund will be repealed on July 1, 2030. The bill extends the repeal date to July 1, 2031.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

Status

Introduced
Passed
Became Law

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Bill Text

The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details