Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu

h_fin_2016a_2016-03-09t13:36:21z5 Hearing Summary

Date: 03/09/2016



Final

BILL SUMMARY for SB16-121



HOUSE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Adopt amendment L.003 (Attachment J). The motion p

Refer Senate Bill 16-121, as amended, to the Commi
Pass Without Objection

PASS







05:27 PM -- SB16-121



Representative Garnett, sponsor, introduced Senate Bill 16-121. The bill allows the governing board of a higher education institution or institutions to pledge up to 100 percent of tuition revenues, excluding any General Fund appropriations, when it issues bonds to pay the costs of a capital project. Institutions that participate in the Higher Education Revenue Bond Intercept Program are only allowed to pledge up to 10 percent of tuition revenues, which is the amount permitted in current law. A higher education institution is only permitted to issue bonds if it has been granted enterprise status. Representative Garnett distributed amendment L.003 (Attachment J).



16HouseFin0309AttachJ.pdf16HouseFin0309AttachJ.pdf



05:36 PM -- Mr. Dan Wilson and Mr. Steve Bosley, representing the University of Colorado system, testified in support of the bill and answered several committee questions.

BILL: SB16-121
TIME: 05:56:04 PM
MOVED: Garnett
MOTION: Adopt amendment L.003 (Attachment J). The motion passed without objection.
SECONDED: Roupe
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




BILL: SB16-121
TIME: 05:56:49 PM
MOVED: Garnett
MOTION: Refer Senate Bill 16-121, as amended, to the Committee of the Whole. The motion passed on a vote of 10-0.
SECONDED: Roupe
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Priola
Yes
Roupe
Yes
Van Winkle
Yes
Wilson
Excused
Foote
Yes
Court
Yes
Final YES: 10 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS





05:59 PM



The committee returned to discuss House Bill 16-1266. Representative Pabon distributed amendment L.004 (Attachment K).



16HouseFin0309AttachK.pdf16HouseFin0309AttachK.pdf

BILL: HB16-1266
TIME: 06:00:48 PM
MOVED: Becker K.
MOTION: Adopt amendment L.001 (Attachment D). The motion passed without objection.
SECONDED: Court
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




BILL: HB16-1266
TIME: 06:02:54 PM
MOVED: Becker K.
MOTION: Adopt amendment L.002 (Attachment E). The motion passed without objection.
SECONDED: Court
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




BILL: HB16-1266
TIME: 06:03:32 PM
MOVED: Pabon
MOTION: Adopt amendment L.004 (Attachment K). The motion passed without objection.
SECONDED: Garnett
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




BILL: HB16-1266
TIME: 06:03:59 PM
MOVED: Becker, K.
MOTION: Adopt amendment L.003 (Attachment F). The motion passed without objection.
SECONDED: Pabon
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




BILL: HB16-1266
TIME: 06:07:48 PM
MOVED: Becker K.
MOTION: Refer House Bill 16-1266, as amended, to the Committee on Appropriations. The motion passed on a vote of 8-2.
SECONDED: Court
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Priola
No
Roupe
Yes
Van Winkle
No
Wilson
Excused
Foote
Yes
Court
Yes
Final YES: 8 NO: 2 EXC: 1 ABS: 0 FINAL ACTION: PASS





06:14 PM



The committee adjourned.