Modify Laws Within Purview of the Capital Development Committee
Current law requires the Colorado commission on higher education (commission) to request annually from the governing board of each state institution of higher education (institution) a 2-year projection of certain capital construction projects to be undertaken by an institution which is then submitted to the CDC for review and approval. Section 3 adjusts law to align with current practice by:
- Requiring that projections be reviewed at the commission's next available meeting;
- Repealing the requirement that an institution amend the projection prior to commencing a project if the project is not in the institution's most recent projection;
- Repealing the requirement that the commission annually prepare a unified, 2-year report for capital construction or capital renewal projects acquired or constructed and operated and maintained solely using cash funds held by an institution that are not for new acquisitions of real property or new construction and are estimated to require total project expenditures exceeding $10 million;
- Repealing the requirement that the commission annually prepare a unified, 2-year report for capital construction projects for new acquisitions of real property or for new construction that are estimated to require total project expenditures exceeding $2 million;
- Clarifying deadlines for the CDC to hold a hearing to review projections;
- Repealing the requirement that the CDC hold a hearing regarding projections whenever a projection is amended; and
- Repealing the requirement that the CDC review and approve guidelines prepared by the office of the state architect regarding the classification of facilities as academic facilities or auxiliary facilities.
(Note: This summary applies to this bill as introduced.)