LEG00186

• Bill Number: HB06-1385
• Year: 2006
• Title: Concerning the provision for payment of the expenses of the executive, legislative, and judicial departments of the state of CO and its agencies and institutions, for and during the fiscal year 2007
• Legislation - Doc Type: Long Bill

amounts shall be effective from July I, 2006, until June 30, 2007.

(5) "Indirect cost recoveries" means reimbursements made to an
agency of the slate from federal funds, other nonstate funds, cash funds, or
cash funds exempt for the indirect expenses which have been incurred by
the stale in operating such programs. These recoveries are made by the
departments using the approved indirect cost rate, as required by the state
fiscal rules.

(6) "Lease purchase" means the use and acquisition of equipment
under an agreement to purchase, pursuant to which payments are made for
a period of longer than one year and are subject to annual appropriation.
"Lease purchase" may also include payments made under 1he agreement for
the maintenance of the equipment. No funds shall be expended for lease
purchases except those specifically appropriated for such purpose. The
provisions of this subsection (6) shall not apply to the board ofregents of
the university of Colorado; the state board of agriculture; the board of
trustees of the Colorado school of mines; the board of trustees of the
university of northern Colorado; the trustees of the slate colleges in
Colorado; the state board for community colleges and occupational
education (except for administration and the division of occupational
education); the board for the Auraria higher education center; the state
historical society; the Colorado council on the arts; the division of wildlife;
the water conservation board; the county departments of social services; and
the low-income energy assistance block grant.

(7) "Leased space" means the use and acquisition of office facilities
and office and parking space pursuant to a rental agreement. No funds shall
be expended for leased space except pursuant to a specific appropriation for
such purpose. The provisions of this subsection (7) shall not apply to the
board of regents of the university of Colorado; the state board of
agriculture; the board of1rustees of the Colorado school of mines; the board
of trustees of the university of northern Colorado; the trustees of the state
colleges in Colorado; the state board for community colleges and
occupational education (except for administration and the division of
occupational education); the board for the Auraria higher education center;
the state historical society; the Colorado council on the arts; the division of
wildlife; the water conservation board; the county departments of social
services; and the low-income energy assistance block grant.

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