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S_FIN_2016A 04/14/2016 11:42:48 AM Committee Summary

Final

STAFF SUMMARY OF MEETING



SENATE COMMITTEE ON FINANCE

Date: 04/14/2016
ATTENDANCE
Time: 11:42 AM to 11:55 AM
Holbert
X
Johnston
*
Place: LSB B
Kerr
X
Hill
*
This Meeting was called to order by
Neville T.
X
Senator Neville T.
This Report was prepared by
Kori Donaldson
X = Present, E = Excused, A = Absent, * = Present after roll call
Bills Addressed: Action Taken:
SB16-038

SB16-175
Referred to the Committee of the Whole - Consent Calendar

Postponed Indefinitely



The committee was called to order. A quorum was present.



11:43 AM -- SB16-038



Senator Aguilar, prime sponsor, presented Senate Bill 16-038. The bill, as amended by the Senate State, Veterans, and Military Affairs committee, requires a community centered board (CCB) that receives more than 75 percent of its annual funding from federal, state, or local governments, or any combination thereof, to be subject to the Colorado Open Records Act (CORA) and the Colorado Local Government Audit Act. The Office of the State Auditor must conduct a performance audit of any CCB that exceeds the 75 percent government threshold to determine if the CCB is effectively and efficiently fulfilling its statutory obligations.



11:44 AM --
Ms. Maureen Welch, representing herself, testified in support of the bill. Ms. Welch and Senator Aguilar addressed questions from the committee.













































11:48 AM



Senator Aguilar addressed questions from the committee and made some closing remarks on the bill.

BILL: SB16-038
TIME: 11:51:05 AM
MOVED: Kerr
MOTION: Refer Senate Bill 16-038 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 4-0.
SECONDED:
VOTE
Holbert
Yes
Johnston
Yes
Kerr
Yes
Hill
Excused
Neville T.
Yes
Final YES: 4 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS





11:51 AM -- SB16-175



Senator Grantham, prime sponsor, presented Senate Bill 16-175, which creates an income tax credit that fuel retailers can claim for selling fuel blended to include at least 15 percent ethanol (E-15). The refundable credit is equal to 3 cents for each gallon of E-15 sold and is claimed on the retailers corporate or individual income tax return. The credit is available for fuel sold in 2017 through 2020.



Senator Grantham requested that the bill be laid over to May 12.














































BILL: SB16-175
TIME: 11:54:55 AM
MOVED: Hill
MOTION: Postpone Senate Bill 16-175 indefinitely. The motion passed on a vote of 5-0.
SECONDED:
VOTE
Holbert
Yes
Johnston
Yes
Kerr
Yes
Hill
Yes
Neville T.
Yes
Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS





11:55 AM



The committee adjourned.


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