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s_fin_2017a_2017-01-24t14:03:33z2 Hearing Summary

Date: 01/24/2017

Location: SCR 357

Final

BILL SUMMARY for SB17-046



SENATE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Refer Senate Bill 17-046 to the Committee of the W PASS







02:11 PM -- SB17-046



Senator Tate, prime sponsor, presented Senate Bill 17-046, which was recommended by the Statutory Revision Committee. The bill codifies current practice with respect to the treatment of warrants and checks drawn on state funds that were not promptly presented for payment. It requires that the amounts held to pay warrants and checks be transferred to the Unclaimed Property Trust Fund if unpaid six months from the date of issuance. The bill includes exemptions for warrants drawn on federal funds and the Wildlife Cash Fund. Warrants and checks representing money received by the federal government are required to be processed in accordance with federal guidelines. Warrants and checks drawn on the Wildlife Cash Fund, except those refunding a license fee submitted as part of an unsuccessful limited license application, are repaid to that fund under both current law and the bill. The bill also eliminates the requirement that the Department of the Treasury and the Office of the State Controller annually post lists in their offices of unpaid warrants and checks drawn and issued during the previous fiscal year.



02:13 PM --
Jack Wylie, Legislative Liaison, Department of Personnel and Administration, testified in support of the bill.

BILL: SB17-046
TIME: 02:14:55 PM
MOVED: Hill
MOTION: Refer Senate Bill 17-046 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
Court
Yes
Kerr
Yes
Tate
Yes
Hill
Yes
Neville T.
Yes
Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS














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