IT Depreciation Payments Bill - Prohibits Transfer of IT Depreciation Funds to General Fund
Summary
Colorado HB26-1403 prohibits the state treasurer from transferring information technology annual depreciation-lease equivalent payments from the IT capital account to the general fund. The Joint Budget Committee bill ensures that funds paid into the IT capital account as depreciation-lease equivalents remain dedicated to IT capital purposes rather than being swept to general revenue. The bill passed the House 56-3 and Senate 33-2.
What changed
The bill amends Colorado law to prohibit the state treasurer from transferring any money that was transferred, credited, or paid into the information technology capital account as an information technology annual depreciation-lease equivalent payment to the general fund. Currently, unexpended and unencumbered money remaining in the IT capital account at fiscal year-end must be transferred to the general fund. The bill carves out IT depreciation-lease equivalent payments from this sweep provision.
For state government agencies and IT vendors, this change ensures that funds equivalent to recorded depreciation of IT assets acquired through capital construction appropriations remain in the IT capital account rather than reverting to general fund. This provides more predictable funding availability for ongoing IT capital maintenance and replacement activities funded through the state capital construction process.
Archived snapshot
Apr 17, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
HB26-1403
Information Technology Depreciation Lease Payments
| Type | Bill |
|---|---|
| Session | 2026 Regular Session |
| Subjects | State Revenue & Budget Telecommunications & Information Technology |
Concerning the prevention of the transfer of unexpended information technology annual depreciation-lease equivalent payments to the general fund.
Recent Bill (PDF) Recent Fiscal Note (PDF) Bill Summary:
Joint Budget Committee. Current law requires an amount equivalent to the recorded depreciation or amortization of an information technology asset acquired, repaired, improved, replaced, renovated, or constructed with an appropriation from the information technology capital account in the capital construction fund based on the depreciation period (information technology annual depreciation-lease equivalent payment) to be credited and transferred to the information technology capital account within the capital construction fund. Current law also requires the state treasurer to transfer any unappropriated balances in the information technology capital account or any otherwise unexpended and unencumbered money remaining in the information technology capital account at the end of a fiscal year to the general fund.
The bill prohibits the state treasurer from transferring any money that was transferred, credited, or paid into the information technology capital account as an information technology annual depreciation-lease equivalent payment to the general fund.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)
Prime Sponsors
Kyle Brown
Representative
Emily Sirota
Senator
Jeff Bridges
Senator
Barbara Kirkmeyer
Committees
House
Senate
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Status
Passed
Introduced
Passed
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 04/16/2026 | Rerevised | |
| 04/15/2026 | Revised | |
| 04/11/2026 | Reengrossed | |
| 04/09/2026 | Engrossed | |
| 04/02/2026 | Introduced |
| Date | Version | Documents |
|---|---|---|
| 04/02/2026 | Initial Fiscal Note |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 26-1403 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 7-0. | Vote summary |
Committee Report: PDF
| Activity | Vote | Documents |
| --- | --- | --- |
| Refer House Bill 26-1403 to the Committee of the Whole. | The motion passed on a vote of 10-1. | Vote summary |
Hearing Summary | Committee Report: PDF
| Date | Calendar | Motion | Vote | Vote Document |
| --- | --- | --- | --- | --- |
| 04/16/2026 | Third Reading | BILL | 33 AYE 2 NO 0 OTHER | Vote record |
| --- | --- | --- | --- | --- |
| 04/11/2026 | Third Reading | BILL | 56 AYE 3 NO 6 OTHER | Vote record |
| Date | Location | Action |
|---|---|---|
| 04/16/2026 | Senate | Senate Third Reading Passed - No Amendments |
| 04/15/2026 | Senate | Senate Second Reading Special Order - Passed - No Amendments |
| 04/14/2026 | Senate | Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 04/13/2026 | Senate | Introduced In Senate - Assigned to Appropriations |
| 04/11/2026 | House | House Third Reading Passed - No Amendments |
| 04/10/2026 | House | House Third Reading Laid Over Daily - No Amendments |
| 04/09/2026 | House | House Second Reading Special Order - Passed - No Amendments |
| 04/08/2026 | House | House Second Reading Special Order - Laid Over Daily - No Amendments |
| 04/06/2026 | House | House Committee on Appropriations Refer Unamended to House Committee of the Whole |
| 04/02/2026 | House | Introduced In House - Assigned to Appropriations |
Prime Sponsor
Rep. K. Brown | Rep. E. Sirota
Sen. J. Bridges | Sen. B. Kirkmeyer
Sponsor
Co-Sponsor
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