Amend Capital Construction Automatic Funding Mechanism

Capital Development Committee. In the case of appropriations for capital construction, not including information technology projects, the bill requires the general assembly to include an annual depreciation-lease equivalent payment line item payable from the cash fund that is the funding source for the capital construction appropriation in the operating section of the annual general appropriation act for each state agency.

The bill also clarifies that one appropriation may be for the acquisition, repair, improvement, replacement, renovation, or construction of more than one capital asset.

The bill clarifies that 'cash fund' does not include the money allocated to the division of parks and wildlife from lottery proceeds as specified in section 3 of article XXVII of the state constitution.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)