s_fin_2016a_2016-05-05t10:03:47z16 Hearing Summary
Date: 05/05/2016
Final
BILL SUMMARY for SB16-210
SENATE COMMITTEE ON FINANCE
| Votes: View--> | Action Taken: |
| Adopt amendment L.004 The motion passed without ob Adopt amendment L.005 (Attachment H ). The motion Refer Senate Bill 16-210, as amended, to the Commi |
Pass Without Objection PASS PASS |
The committee took a brief recess.
02:06 PM
Senator Hill gave notice of intent to reconsider House Bill 16-1267.
02:07 PM -- SB16-210
Senator Baumgardner, prime sponsor, presented Senate Bill 16-210, which 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).
Senator Baumgardner explained amendment L.004 (Attachment G) and Senator Neville explained amendment L.005 (Attachment H).
16SenateFin0505AttachG.pdf 16SenateFin0505AttachH.pdf
02:10 PM -- Ms. Sandra Solin, representing the Northern Colorado Legislative Alliance, testified in support of the bill.
02:15 PM -- Mr. David May, Fort Collins Area Chamber of Commerce, testified in support of the bill.
02:18 PM -- Mr. Gerry Horak, Mayor Pro Tem of Fort Collins, testified in support of the bill.
02:21 PM -- Mr. Eric Bergman, representing Colorado Counties, Inc., testified in support of the bill.
02:23 PM -- Mr. Jeff Wadsen, representing the Colorado Business Roundtable, testified in support of the bill.
02:26 PM -- Mr. Grier Baily, representing theWyoming Petroleum Marketers Association, testified in support of the bill.
02:30 PM -- Mr. Greg Fulton, representing the Colorado Motor Carriers Division, testified in support of the bill.
02:34 PM -- Mr. Steve Tool, representing the Northern Colorado Legislative Alliance, testified in support of the bill. Mr. Tool addressed questions from the committee.
02:40 PM -- Ms. Barbara Kirkmeyer, representing the Board of County Commissioners, testified in support of the bill.
02:44 PM -- Mr. Mike Salisbury, representing the South West Energy Efficiency Project, testified in opposition to the bill. Mr. Salisbury responded to questions from the committee.
02:49 PM -- Mr. Joe Kiely, representing the Ports-to-Plains Alliance, testified in support of the bill with amendments.
02:54 PM -- Mr. Herman Stockinger, representing the Colorado Department of Transportation, testified from a neutral position on the bill. He responded to committee questions.
03:00 PM
Senator Baumgardner made closing comments on the bill.
| BILL: | SB16-210 | |
| TIME: | 03:03:53 PM | |
| MOVED: | Hill | |
| MOTION: | Adopt amendment L.004 (Attachment G). The motion passed without objection. | |
| SECONDED: | ||
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VOTE
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Holbert
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Johnston
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Kerr
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Hill
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Neville T.
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
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| BILL: | SB16-210 | |
| TIME: | 03:04:07 PM | |
| MOVED: | Hill | |
| MOTION: | Adopt amendment L.005 (Attachment H ). The motion passed on a vote of 3-2. | |
| SECONDED: | ||
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VOTE
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Holbert
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Yes
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Johnston
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No
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Kerr
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No
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Hill
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Yes
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Neville T.
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Yes
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YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS
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| BILL: | SB16-210 | |
| TIME: | 03:05:05 PM | |
| MOVED: | Hill | |
| MOTION: | Refer Senate Bill 16-210, as amended, to the Committee on Appropriations. The motion passed on a vote of 3-2. | |
| SECONDED: | ||
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VOTE
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Holbert
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Yes
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Johnston
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No
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Kerr
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No
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Hill
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Yes
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Neville T.
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Yes
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Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS
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03:12 PM
The chair laid HB 16-1361 over to Friday's calendar. The committee adjourned.