Bill > SB088

This bill modifies existing laws concerning the Colorado Veterans' Monument Preservation Trust Fund to ensure the maintenance and repair of memorials and monuments on state capitol grounds and in Lincoln Veterans' Memorial Park. It transfers the responsibility for managing this fund from the department of personnel to the State Historical Society, which will now oversee the fund's principal and interest. The bill clarifies that the trust fund's purpose is to maintain, enhance, and repair these monuments and memorials, allowing for the use of both interest and, under specific circumstances like unexpected maintenance or with general assembly appropriation, principal from the fund. Importantly, any money gifted, granted, or donated for new art or memorials on capitol grounds must include funding for their lifetime maintenance and be credited to this trust fund. Furthermore, donations made in connection with permits to use Lincoln Veterans' Memorial Park are also continuously appropriated to the State Historical Society for maintaining and restoring monuments within that park. The bill also mandates that before the State Capitol Building Advisory Committee recommends any new art or memorial for placement on capitol grounds, the proposal must demonstrate sufficient funding for its lifetime maintenance, dedicating at least five percent of its budget to this purpose. Finally, the State Historical Society is required to report annually to the State Capitol Building Advisory Committee on the trust fund's status and usage.

Military Affairs and Security

https://leg.colorado.gov/bills/SB26-088