Information Technology Depreciation Lease Payments

Summary

The bill establishes a special information technology capital account within Colorado’s capital construction fund and sets rules for how unspent IT depreciation‑lease payments are handled. For fiscal years before July 1 2024, unused balances stay in the account; after July 1 2025 they are moved to the General Fund, except that starting July 1 2026 depreciation‑lease payments must remain in the account and be used only for IT projects. The measure applies to state agencies and public universities that receive these funds and requires joint technology committee approval for any new projects using leftover money.

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