h_sa_2016a_2016-05-10t10:03:07z1 Hearing Summary

Date: 05/10/2016

10:17 AM -- SB16-210



Representative DelGrosso, sponsor, presented Senate Bill 16-210 to the committee. This bill requires the Transportation Commission to submit a ballot question to voters in 2016, 2017, or 2018 for approval of $3.5 billion in Transportation Revenue Anticipation Notes (TRANs) once existing transportation bonds have been repaid. The maximum repayment cost cannot exceed $5.5 billion or take longer than 20 years to repay. TRANs proceeds must be spent on a list of transportation projects described in the bill. The bill also eliminates the final three years of Senate Bill 09-228 transfers and diverts 5 percent of state sales tax revenue to the Highway Users Tax Fund (HUTF) and 1 percent of state sales tax revenue to the Capital Construction Fund (CCF).



Representative DelGrosso offered amendment L.026 (Attachment A) and discussed the amendment. Committee members discussed the bill and the amendment with Representative DelGrosso.



16HouseState0510AttachA.pdf



10:46 AM -- RJ Hicks, representing the Colorado Motor Carriers Association, testified in support of the bill.



10:51 AM -- Greg Fulton, representing the Colorado Motor Carriers Association, testified in support of the bill.





10:56 AM



Mr. Hicks and Mr. Fulton responded to committee member questions.



11:04 AM -- Becky Long, representing Conservation Colorado, testified against the bill and responded to committee member questions.



11:13 AM -- Herman Stockinger, representing the Colorado Department of Transportation, testified on the bill from a neutral position and responded to committee member questions.



11:26 AM -- Grier Bailey, representing the Colorado Wyoming Petroleum Marketers Association, testified in support of the bill.



11:29 AM -- Joe Kiely, representing the Ports to Plains Alliance, testified in support of the bill.



11:31 AM -- Eric Bergman, representing Colorado Counties, Inc., testified in support of the bill but expressed concern over portions of the amendment. He responded to committee member questions.



11:35 AM -- David May, representing the Fort Collins Area Chamber of Commerce, testified in support of the bill.



11:38 AM -- Sandra Solin, representing the Northern Colorado Legislative Alliance, testified in support of the bill and responded to committee member questions.



11:46 AM -- Steve Tool, representing the Northern Colorado Legislative Alliance, testified in support of the bill.





11:53 AM



Representative DelGrosso further discussed amendment L.026.

11:55 AM



Representative DelGrosso wrapped up his presentation of the bill.



Committee members commented on the bill.