Correct Senate Bill 19-263 Effective Date Error
| Type | Bill |
|---|---|
| Session | 2020 Regular Session |
| Subjects |
Concerning correction of the effective date clause of Senate Bill 19-263 for the purpose of ensuring that the bill accomplishes its intended legal effect of eliminating the requirement that the state treasurer execute lease-purchase agreements to fund transportation projects during the 2020-21 and 2021-22 state fiscal years if a referred ballot issue that authorizes the state to issue transportation revenue anticipation notes is approved at the 2020 general election.
Bill Summary:
The state treasurer is required to execute up to $500 million of lease-purchase agreements in each of the 2020-21 and 2021-22 state fiscal years for the purpose of funding transportation projects. A statewide ballot issue will be referred to the voters at the 2020 general election as required by Senate Bill 19-263 (SB 263) and will, if approved, authorize the state to issue up to $1.837 billion of transportation revenue anticipation notes (TRANs) for the purpose of funding transportation projects.
When enacting SB 263, the general assembly intended that, upon approval of the ballot issue, the TRANs authorized would replace the lease-purchase agreements as a source of funding for transportation projects. However, due to an error in the effective date clause of SB 263, if the TRANs are approved, the state treasurer will still be required to execute the lease-purchase agreements. The act corrects the error and thereby ensures that approval of the ballot issue stops the issuance of the lease-purchase agreements.
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 20-152 to the Committee of the Whole. | The motion passed on a vote of 11-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer Senate Bill 20-152 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 4-0. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 03/09/2020 | Third Reading | BILL |
64
AYE
0
NO
1
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 02/10/2020 | Third Reading | BILL |
34
AYE
0
NO
1
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 03/20/2020 | Governor | Governor Signed |
| 03/14/2020 | Governor | Sent to the Governor |
| 03/14/2020 | House | Signed by the Speaker of the House |
| 03/14/2020 | Senate | Signed by the President of the Senate |
| 03/09/2020 | House | House Third Reading Passed - No Amendments |
| 03/06/2020 | House | House Third Reading Laid Over Daily - No Amendments |
| 03/05/2020 | House | House Second Reading Special Order - Passed - No Amendments |
| 03/03/2020 | House | House Committee on Transportation & Local Government Refer Unamended to House Committee of the Whole |
| 02/11/2020 | House | Introduced In House - Assigned to Transportation & Local Government |
| 02/10/2020 | Senate | Senate Third Reading Passed - No Amendments |
| 02/07/2020 | Senate | Senate Second Reading Passed - No Amendments |
| 02/04/2020 | Senate | Senate Committee on Transportation & Energy Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 01/29/2020 | Senate | Introduced In Senate - Assigned to Transportation & Energy |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 03/20/2020 | 36 | Correct Senate Bill 19-263 Effective Date Error |