h_fin_2016a_2016-01-20t13:32:44z3 Hearing Summary
Date: 01/20/2016
Final
BILL SUMMARY for HB16-1049
HOUSE COMMITTEE ON FINANCE
| Votes: View--> | Action Taken: |
| Refer House Bill 16-1049 to the Committee of the W | PASS |
01:52 PM -- HB16-1049
Representative Lee introduced House Bill 16-1049. The bill modifies the definition of the type of institution that must be used to set up an escrow account for holding the proceeds of a sale of intrastate securities to be a "depository institution" rather than a specific type of financial institution. It also allows the escrow account to be terminated and its proceeds to be distributed when the minimum offering amount has been raised rather than the maximum amount.
01:55 PM -- Ms. Lillian Alviz, representing the Colorado Division of Securities in the Department of Regulatory Affairs, came to table in support of the bill.
01:58 PM -- Mr. Herrick Lidstone, representing himself, came to the table in support of the bill.
02:06 PM -- Ms. Micki Hackenberger, representing the Colorado Technology Association, came to the table to support the bill.
| BILL: | HB16-1049 | |
| TIME: | 02:07:00 PM | |
| MOVED: | Pabon | |
| MOTION: | Refer House Bill 16-1049 to the Committee of the Whole. The motion passed on a vote of 11-0. | |
| SECONDED: | Van Winkle | |
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VOTE
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Becker K.
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Yes
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Conti
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Yes
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Garnett
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Yes
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Kagan
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Yes
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Pabon
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Yes
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Priola
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Yes
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Roupe
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Yes
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Van Winkle
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Yes
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Wilson
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Yes
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Foote
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Yes
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Court
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Yes
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Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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