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h_fin_2017a_2017-02-06t13:40:56z0 Hearing Summary

Date: 02/06/2017

Location: LSB A

Final

BILL SUMMARY for HB17-1096



HOUSE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Adopt amendment L.001 (Attachment B). The motion p

Refer House Bill 17-1096, as amended, to the Commi
Pass Without Objection

PASS







01:41 PM -- HB17-1096



The committee was called to order. A quorum was present. Representative Liston, prime sponsor, presented House Bill 17-1096, which allows a cemetery authority to request that the fiduciary of a cemetery endowment care fund convert the fund into a unitrust. Committee members received a page illustrating the rate of return for stocks versus bonds for different time horizons, prepared by Representative Liston (Attachment A). Representative Liston addressed questions from the committee.



17HouseFin0206AttachA.pdf17HouseFin0206AttachA.pdf



01:49 PM --
Mr. Matt Whaley, representing Service Corporation International, testified in support of the bill. Mr. Whaley responded to questions from the committee.

BILL: HB17-1096
TIME: 01:54:10 PM
MOVED: Van Winkle
MOTION: Adopt amendment L.001 (Attachment B). The motion passed without objection.

17HouseFin0206AttachB.pdf17HouseFin0206AttachB.pdf
SECONDED: Lawrence
VOTE
Beckman
Benavidez
Catlin
Covarrubias
Excused
Gray
Herod
Kennedy
Lawrence
Michaelson Jenet
Thurlow
Van Winkle
Foote
Pabon
YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection





01:55 PM



Representative Liston made closing remarks on the bill.

BILL: HB17-1096
TIME: 01:55:53 PM
MOVED: Van Winkle
MOTION: Refer House Bill 17-1096, as amended, to the Committee of the Whole. The motion passed on a vote of 12-0.
SECONDED: Michaelson Jenet
VOTE
Beckman
Yes
Benavidez
Yes
Catlin
Yes
Covarrubias
Excused
Gray
Yes
Herod
Yes
Kennedy
Yes
Lawrence
Yes
Michaelson Jenet
Yes
Thurlow
Yes
Van Winkle
Yes
Foote
Yes
Pabon
Yes
Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS














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