h_fin_2016a_2016-02-24t13:36:00z1 Hearing Summary
Date: 02/24/2016
Final
BILL SUMMARY for HB16-1229
HOUSE COMMITTEE ON FINANCE
| Votes: View--> | Action Taken: |
| Adopt amendment L.001 (Attachment B). The motion p Refer House Bill 16-1229, as amended, to the Commi |
Pass Without Objection PASS |
02:25 PM -- HB16-1229
Representative Rankin, sponsor, introduced House Bill 16-1229. The bill transfers moneys in the reserve fund into the revenues fund during FY 2015-16 to address a FY 2015-16 shortfall in the revenues fund. It eliminates the reserve fund and directs all FML moneys previously deposited to the reserve fund to the revenues fund. The bill also prohibits the state from entering into any additional lease-purchase agreements to be funded from the revenues fund. Finally, it clarifies that annual appropriations for the certificates of participation payments are made to the Department of Higher Education for transfer to the State Treasurer. Representative Rankin distributed strike below amendment L.001 (Attachment B) and a JBC staff handout to the committee (Attachment C). He discussed several questions regarding the funds addressed in the bill.
16HouseFin0224AttachB.pdf16HouseFin0224AttachC.pdf
| BILL: | HB16-1229 | |
| TIME: | 02:33:22 PM | |
| MOVED: | Roupe | |
| MOTION: | Adopt amendment L.001 (Attachment B). The motion passed without objection. | |
| SECONDED: | Kagan | |
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VOTE
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Becker K.
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Conti
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Garnett
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Kagan
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Pabon
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Priola
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Roupe
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Van Winkle
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Wilson
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Foote
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Court
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
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| BILL: | HB16-1229 | |
| TIME: | 02:34:14 PM | |
| MOVED: | Court | |
| MOTION: | Refer House Bill 16-1229, as amended, to the Committee on Appropriations. The motion passed on a vote of 11-0. | |
| SECONDED: | Conti | |
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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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