summary
Introduced
02/12/2024
02/12/2024
In Committee
04/25/2024
04/25/2024
Crossed Over
04/26/2024
04/26/2024
Passed
04/26/2024
04/26/2024
Dead
Signed/Enacted/Adopted
05/01/2024
05/01/2024
Introduced Session
2024 Regular Session
Bill Summary
CONCERNING STATE FUNDING FOR FOUR PROJECTS RELATED TO HEALTH SCIENCES EDUCATION PROGRAMS FOR MEDICAL PROFESSIONS BEING UNDERTAKEN BY STATE INSTITUTIONS OF HIGHER EDUCATION, AND, IN CONNECTION THEREWITH, AUTHORIZING THE STATE TO ISSUE FINANCED PURCHASE OF AN ASSET OR CERTIFICATE OF PARTICIPATION AGREEMENTS TO FINANCE A PORTION OF CAPITAL COSTS ASSOCIATED WITH CONSTRUCTION OF FACILITIES FOR THE UNIVERSITY OF NORTHERN COLORADO'S COLLEGE OF OSTEOPATHIC MEDICINE, METROPOLITAN STATE UNIVERSITY OF DENVER'S HEALTH INSTITUTE TOWER, COLORADO STATE UNIVERSITY'S VETERINARY HEALTH EDUCATION CAMPUS, AND EXPANSION AND RENOVATION OF TRINIDAD STATE COLLEGE'S VALLEY CAMPUS MAIN BUILDING, PROVIDING FUNDING FOR ESCROW MONEY THAT IS REQUIRED FOR ________ ACCREDITATION OF THE UNIVERSITY OF NORTHERN COLORADO'S COLLEGE OF OSTEOPATHIC MEDICINE BY TRANSFERRING MONEY FROM THE GENERAL FUND FOR ULTIMATE DEPOSIT TO AN ESCROW ACCOUNT AND REDUCING THE STATE RESERVE BY THE SAME AMOUNT FOR THE PERIOD DURING WHICH THE MONEY IS HELD IN ESCROW, AND MAKING AN APPROPRIATION.
AI Summary
This bill authorizes the state to issue financed purchase of an asset or certificate of participation agreements to finance capital construction costs for four higher education projects: the University of Northern Colorado's College of Osteopathic Medicine, Metropolitan State University of Denver's Health Institute Tower, Colorado State University's Veterinary Health Education Campus, and the renovation of Trinidad State College's Valley Campus main building. The bill also provides funding from the General Fund to an escrow account required for accreditation of the University of Northern Colorado's College of Osteopathic Medicine, with a corresponding reduction in the state's budget reserve for the period the funds are held in escrow. The bill appropriates cash funds from the financed purchase agreements to the Department of Higher Education for these projects.
Committee Categories
Budget and Finance, Health and Social Services
Sponsors (59)
Judy Amabile (D)*,
Jennifer Bacon (D)*,
Shannon Bird (D)*,
Andrew Boesenecker (D)*,
Mary Bradfield (R)*,
Kyle Brown (D)*,
Lindsey Daugherty (D)*,
Monica Duran (D)*,
Regina English (D)*,
Meg Froelich (D)*,
Lorena García (D)*,
Eliza Hamrick (D)*,
Tim Hernández (D)*,
Junie Joseph (D)*,
Cathy Kipp (D)*,
Barbara Kirkmeyer (R)*,
Sheila Lieder (D)*,
Mandy Lindsay (D)*,
Mike Lynch (R)*,
Javier Mabrey (D)*,
Matt Martinez (D)*,
Tisha Mauro (D)*,
Dafna Michaelson Jenet (D)*,
Kyle Mullica (D)*,
David Ortiz (D)*,
Byron Pelton (R)*,
Kevin Priola (D)*,
Naquetta Ricks (D)*,
Brianna Titone (D)*,
Jenny Willford (D)*,
Ty Winter (R)*,
Mary Young (D)*,
Jeff Bridges (D),
Janet Buckner (D),
Chad Clifford (D),
Lisa Cutter (D),
Elisabeth Epps (D),
Tony Exum (D),
Steve Fenberg (D),
Rhonda Fields (D),
Joann Ginal (D),
Chris Hansen (D),
Leslie Herod (D),
Sonya Jaquez Lewis (D),
Chris Kolker (D),
Julia Marvin (D),
Julie McCluskie (D),
Karen McCormick (D),
Jennifer Parenti (D),
Dylan Roberts (D),
Manny Rutinel (D),
Cleave Simpson (R),
Marc Snyder (D),
Rick Taggart (R),
Alex Valdez (D),
Elizabeth Velasco (D),
Stephanie Vigil (D),
Steven Woodrow (D),
Rachel Zenzinger (D),
Last Action
Governor Signed (on 05/01/2024)
Official Document
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