1 Colo. Code Regs. § 101-1-4-3

Current through Register Vol. 47, No. 20, October 25, 2024

Rule 1 CCR 101-1-4-3 - CAPITAL CONSTRUCTION CARRYFORWARDS AND REVERSIONS

1.AUTHORITY

§24-30-1301, C.R.S. (State Buildings)

Title 24, Article 75 Part 3, C.R.S. (Capital Construction Fund)

Title 24, Article 91, C.R.S. (Construction Contracts with Public Entities)

2.DEFINITIONS

2.1. Capital Construction - See Fiscal Rule 4-1 (Capital Construction Administration).

2.2. Capital Construction Project - See Fiscal Rule 4-2 (Capital Construction Projects).

2.3. Encumbrance - See Fiscal Rule 3-1 (Commitment Vouchers).

3.RULE

3.1. Carryforward of Capital Construction appropriations - Any unexpended Capital Construction budget is automatically carried forward for three fiscal years (the initial fiscal year of appropriation and the subsequent two fiscal years). If any amount of the available appropriation is restricted, the restricted amount must be carried forward as restricted.

3.1.1. At the end of the third fiscal year of a Capital Construction appropriation, the amount of a valid Encumbrance recorded on the State Financial System or on an approved State Agency or Institution of Higher Education Financial System may be carried forward until the Encumbrance has been fully liquidated.

3.2. Reversion of Capital Construction Appropriations - Upon completion of a Capital Construction Project or the end of a Project's three-year lifecycle, whichever comes first, the amount of any unexpended/unencumbered appropriation must be reverted.

1 CCR 101-1-4-3

41 CR 19, October 10, 2018, effective 11/1/2018

45 CR 11, June 10, 2022, effective 7/1/2022

46 CR 11, June 10, 2023, effective 7/1/2023

47 CR 08, April 25, 2024, effective 7/1/2024