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2A2E894A303A79AE872586CB00701C37 Hearing Summary


Date May 4, 2021      
Location Old State Library

SB21-162 - Referred to the Committee of the Whole

02:24:37 PM  

Representatives Snyder and Soper, prime sponsors, presented Senate Bill 21-162, concerning spendthrift provisions in trusts pursuant to the "Colorado Uniform Trust Code."  Representative Snyder explained the effect of the bill and discussed its need. Representative Soper provided additional input on the effect of the legislation. Discussion ensued regarding the distribution of payments made under the bill.

02:35:13 PM  
Steve Brainerd, representing the Colorado Bar Association, testified in support of SB 21-162. Mr. Brainerd responded to questions regarding certain exceptions contained in the bill, and the bill's impact on child support orders. Mr. Brainerd responded to further questions on the stakeholder process surrounding the bill.
02:53:04 PM  
No amendments were offered to SB 21-162. Representatives Snyder and Soper provided closing remarks in support of the bill.

02:56:19 PM
Motion Refer Senate Bill 21-162 to the Committee of the Whole.
Moved Tipper
Seconded Woodrow
Bacon Yes
Benavidez Yes
Bockenfeld Yes
Carver Yes
Daugherty Yes
Luck Yes
Lynch Yes
Roberts Yes
Woodrow Yes
Tipper Yes
Weissman Yes
Final YES: 11   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS

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