Colorado House Bill HB1406

Colorado 2026 Regular Session

• Introduced: 4/2/26
• Refer: 4/2/26
• Report Pass: 4/6/26
• Refer: 4/6/26
• Engrossed: 4/13/26
• Refer: 4/13/26
• Report Pass: 4/14/26
• Refer: 4/14/26
• Enrolled: 4/17/26

Caption

Repeal Capital Construction Funding Requirements

Impact

The immediate impact of HB1406 is to redirect funds that were previously reserved for the long-term maintenance expenses of state-owned buildings. Specifically, it mandates the transfer of substantial sums from the Capitol Complex Renovation Fund to the general fund, with $15,263,000 slated for transfer on June 30, 2026. This financial injection into the general fund could provide flexibility for other budgetary needs but may also lead to decreased availability of funds specifically earmarked for capital maintenance, which could affect asset management and infrastructure longevity over time.

Summary

House Bill 1406 targets the repeal of certain provisions related to the funding requirements for capital construction within Colorado's governmental framework. The bill abolishes the mandatory setting aside of funds equivalent to the annual depreciation of capital assets acquired through state appropriations. This adjustment implies a significant shift in how state agencies and educational institutions fund maintenance for their infrastructures, which could have logistical and financial implications on future capital projects.

Contention

Throughout the discussions surrounding the bill, there were concerns raised about the potential negative effects of removing these funding requirements. Critics argue that without the obligation to set aside funds for long-term maintenance, state assets might suffer from neglect or inconsistent funding, which could lead to increased repair costs in the future. Proponents of the bill, however, contend that such fiscal flexibility allows for better management of state resources and could facilitate more immediate budgetary priorities, as the overall financial landscape in Colorado evolves.