The Associated General Contractors of Colorado, of which we are a member, has helped secure many millions of dollars of the state government’s surplus for capital construction projects, including social infrastructure.
The state ended with an estimated $235.8 million surplus at the end of fiscal year 2013-2014. AGC Colorado had been working with the legislature to make sure that surplus of funds got spent on capital construction around the state and they were successful:
“By law, the surplus will be divided as follows:
• $135.3 million to the Capital Construction Fund
• $34.5 million to the State Education Fund
• $30 million to the Colorado Water Conservation Board Construction Fund
• $25 million to remain in the General Fund
• $10 million to the Hazardous Substance Site Response Fund
• $1 million to the Economic Development Fund ”
“This is a great day as we have redefined infrastructure from roads, bridges, water and power to include social infrastructure” said Michael Gifford, AGC President & CEO. “Social infrastructure houses much of the important public functions of government like education, health care and social services, for 40 different state agencies.”
Here’s the list of Capital Construction Fund projects:
• $25.8 million to renovate Quigley Hall at Western State Colorado University in Gunnison
• $21.5 million for controlled maintenance of state properties
• $18.5 million for the Tomlinson Library at Colorado Mesa University in Grand Junction
• $16 million to modernize the state Office of Information Technology’s payroll tracking system
• $15 million to expand the Chemistry Building at Colorado State University in Fort Collins
• $11.6 million for the Ketchum Arts and Sciences Building at the University of Colorado in Boulder
• $10. 8 million for Berndt Hall at Fort Lewis College in Durango
• $5.8 million for the East Campus renovation at Adams State University in Alamosa
• $5.3 million for the Aviation, Aerospace and Advanced Manufacturing Building at Metropolitan State University in Denver
• $5 million for library renovation at the Auraria Campus in Denver