4349AB22BE0B68328725899B007AA1A5 Hearing Summary

The committee recessed.

The committee returned to order. Representatives Epps and Taggart, co-prime sponsors, presented House Bill 23-1297. The bill repeals the allowance for a corporation to issue a scrip in bearer form upon the holder surrendering enough scrip to equal a full share. This change conforms state statute with current federal law, which has prohibited the practice since 2021. The sponsors distributed amendment L.009 (Attachment D).

The bill sponsors responded to questions from the committee and explained the purpose of amendment L009.

Discussion with the sponsors continued.

Mr. JuanRoberto Madrid, representing GreenLatinos, testified in opposition to the bill.

The committee took a brief recess.

The committee returned to order.

Mr. Riley Smith, representing NextEra Energy Resources, testified in opposition to the bill.

Ms. Patricia Garcia-Nelson, representing GreenLatinos, testified in opposition to the bill.

Justin Brant, representing the Southwest Energy Efficiency Project, testified in opposition to the bill.

Mr. Parks Barroso, representing Western Resource Advocates, testified to amend the bill.

Mr. Keith Hay, representing the Colorado Energy Office, testified in support of the bill.

The witnesses responded to questions from the committee.

The committee continued to discuss the bill with witnesses.  The bill was laid over for action at a later date.