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S_FIN_2016A 04/19/2016 02:05:00 PM Committee Summary

Final

STAFF SUMMARY OF MEETING



SENATE COMMITTEE ON FINANCE

Date: 04/19/2016
ATTENDANCE
Time: 02:05 PM to 05:26 PM
Holbert
X
Johnston
X
Place: LSB B
Kerr
X
Hill
X
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:
HB16-1356

SB16-185

HB16-1309
Referred to the Committee of the Whole - Consent Calendar

Referred to the Committee of the Whole

Amended, Referred to the Committee of the Whole





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



02:04 PM -- HB16-1356



Senators Jahn and Holbert, co-prime sponsors, presented House Bill 16-1356, which modifies the treatment of a line of credit lien secured with real property (i.e. a home equity line of credit) that has been satisfied. Under the bill, the lien continues and no release is required until the line of credit expires and the debt is satisfied, unless the debtor:

      relinquishes all right to make further use of the line of credit by either requesting, in writing, that the line of credit be cancelled; or

      provides notice that the property is being conveyed upon payment of the debt.



Senators Jahn and Holbert addressed questions from the committee.



02:08 PM --
Ms. Jenifer Waller, representing Colorado Bankers Association, testified in support of the bill.



02:09 PM --
Mr. Don Booher, representing Land Title Association of Colorado, testified in support of the bill.
























BILL: HB16-1356
TIME: 02:11:41 PM
MOVED: Hill
MOTION: Refer House Bill 16-1356 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. 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





02:14 PM



The committee took a recess.






02:17 PM -- SB16-185



The committee returned to order. Senator Scott, prime sponsor, presented Senate Bill 16-185, which requires the administrator of the Consumer Credit Code to adjust the financed dollar amounts for supervised loans and consumer credit sales issued by a Colorado lender based on the consumer price index for the Denver-Boulder-Greeley metropolitan statistical area. The administrator must adjust these amounts for inflation no later than January 1, 2017, and each January 1 thereafter.



02:20 PM --
Ms. Kara Birnbaum, representing Colorado Latino Leadership, Advocacy and Research Organization, testified in opposition to the bill. Ms. Birnbaum addressed several questions from the committee.



02:34 PM --
Mr. Greg Glischinski, representing AARP, testified in opposition to the bill. Mr. Glischinski distributed a letter of opposition from the Urban League of Metropolitan Denver (Attachment A).



16SenateFin0419AttachA.pdf16SenateFin0419AttachA.pdf



02:38 PM --
Mr. Tim Gaudette, representing the Small Business Majority, testified in opposition to the bill. Mr. Gaudette addressed comments and questions from the committee.





















02:52 PM --
Mr. Rich Jones, representing The Bell Policy Center, testified in opposition to the bill. Mr. Jones addressed comments and questions from the committee.



03:10 PM --
Ms. Michelle Webster, representing the Colorado Center on Law and Policy, testified in opposition to the bill.



03:18 PM --
Reverend Amanda Henderson, representing the Interfaith Alliance of Colorado, testified in opposition to the bill.



03:22 PM --
Ms. Julie Meade, representing the Colorado Attorney Generals Office, testified from a neutral position on the bill and addressed questions from the committee.



03:29 PM --
Mr. Phil Hitz, representing OneMain, Springleaf Financial Services, testified in support of the bill. Mr. Hitz distributed a page listing myths and facts concerning SB 16-185 (Attachment B) and a letter of support from Renewal Financial Services, LLC (Attachment C). He addressed questions from the committee.



16SenateFin0419AttachB.pdf16SenateFin0419AttachB.pdf 16SenateFin0419AttachC.pdf16SenateFin0419AttachC.pdf



03:46 PM



Senator Scott made some closing remarks on the bill.

BILL: SB16-185
TIME: 03:49:34 PM
MOVED: Hill
MOTION: Refer Senate Bill 16-185 to the Committee of the Whole. The motion passed on a vote of 3-2.
SECONDED:
VOTE
Holbert
Yes
Johnston
No
Kerr
No
Hill
Yes
Neville T.
Yes
Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS



























03:50 PM -- HB16-1309



Senator Marble, prime sponsor, presented House Bill 16-1309. The reengrossed bill requires municipal courts to appoint legal counsel to any defendant in custody and charged with an offense that carries a potential sentence of incarceration. Counsel must be present for the defendant's initial appearance unless he or she makes a knowing, intelligent, and voluntary waiver of his or her right to counsel. If the defendant remains in custody, he or she has a right to counsel until released.



03:52 PM --
Judge Anne Stavig, representing the Colorado Municipal Judges Association and the City of Lakewood, testified in opposition to the bill. Judge Stavig addressed questions from the committee.



04:21 PM --
Ms. Meghan Dollar, representing the Colorado Municipal League, testified in opposition to the bill and in support of an amendment added to the bill by the Senate State, Veterans, and Military Affairs Committee.



04:25 PM --
Mr. Richard Orf, representing the Associated Governments of Northern Colorado, testified in opposition to the bill and in support of an amendment added to the bill by the Senate State, Veterans, and Military Affairs Committee. Mr. Orf addressed questions and comments from the committee.



04:29 PM --
Ms. Elizabeth Gillespie, representing the Aurora Public Defenders Office, testified in support of the bill. Ms. Gillespie addressed questions form the committee.



04:41 PM -- Ms. Carrie Thompson, representing the Colorado Criminal Defense Bar, testified in support of the bill. Ms. Thompson answered committee questions.



04:51 PM --
Ms. Rebecca Wallace and Ms. Denise Maes, both representing the ACLU, testified in support of the bill. Ms. Wallace and Ms. Maes addressed questions from the committee.

























































05:13 PM



Senator Marble made some closing remarks on the bill.

BILL: HB16-1309
TIME: 05:21:20 PM
MOVED: Holbert
MOTION: Adopt amendment L.004 (Attachment D). The motion passed on a vote of 4-1.

16SenateFin0419AttachD.pdf16SenateFin0419AttachD.pdf
SECONDED:
VOTE
Holbert
Yes
Johnston
Yes
Kerr
Yes
Hill
No
Neville T.
Yes
YES: 4 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS


BILL: HB16-1309
TIME: 05:25:52 PM
MOVED: Holbert
MOTION: Refer House Bill 16-1309, as amended, to the Committee of the Whole. The motion passed on a vote of 4-1.
SECONDED:
VOTE
Holbert
Yes
Johnston
Yes
Kerr
Yes
Hill
No
Neville T.
Yes
Final YES: 4 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS





05:26 PM



The committee adjourned.


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