Description:

Capital outlay includes:

• Equipment, meaning motor trucks designated over three-quarters of one tone, tractors, trailers, snowmobiles, boats, machinery, reference books, office furniture, file cabinets, typewriters, adding and calulating machines, and other business machines, having a useful lifetime of one year or more, ore other items, including but not limited to, tools, implements, and instruments, which may be used continuously without material change in physical condition, costing more than $100 and less than $50,000;
  
• Alterations and replacements, meaning major and extensive repair, remodeling, or alteration of buildings, the replacement thereof, or the replacement and renewal of the plumbing, wiring, heating and air-conditioning systems therein, costing less than $15,000;
  
• New structures, meaning the construction of new buildings where the cost will be less than $15,000, including the value of materials and labor, either state-supplied or supplied by contract;
  
• Non-structural improvements to land, meaning the grading, leveling, drainage, and landscaping thereof and the construction of roadways, fences, ditches, and sanitary sewers, where the cost will be less than $15,000;
  
• "Capital Outlay" does not include those things defined as capital construction by CRS 24-75-301.