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Legislative Year: 2024 Change

Bill Detail: SB24-224

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Title Mitigate Future State Technology Debt
Status Signed by the Speaker of the House (05/16/2024)
Bill Subjects
  • State Government
House Sponsors S. Bird (D)
R. Taggart (R)
Senate Sponsors J. Bridges (D)
B. Kirkmeyer (R)
House Committee Appropriations
Senate Committee Appropriations
Date Introduced 04/26/2024

Joint Budget Committee. On or before December 31, 2024, the
governor's office of information technology (office) is required to
promulgate rules that define technology debt. In defining technology debt,
the office may describe technology debt as an information technology
system or asset characterized by information security risk, infrastructure
risk, operating cost misalignment, productivity cost misalignment, or
talent depreciation.
For every appropriation for an information technology capital
project in the information technology capital section of the annual general
appropriation act for the 2025-26 state fiscal year and each state fiscal
year thereafter, the bill requires the general assembly to set aside
additional funding for information technology annual depreciation-lease
equivalent payments.
On or before November 1, 2025, and on or before November 1 of
each year thereafter, the office is required to submit a report to the joint
budget committee and the joint technology committee that provides an
estimate of the state's technology debt, as defined by rules promulgated
by the office pursuant to the bill.
For each cash fund from which money is appropriated for an
information technology capital project, the principal department
responsible for the accounting related to the fund is required to identify
in the fund balance report an information technology capital reserve,
which consists of an amount equal to the depreciation of the depreciable
components of the information technology capital project, based on the
depreciation period.

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with Amendments
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