Date: 02/24/2016
Location: LSB A

Votes: View-->	Action Taken:
Adopt amendment L.001 (Attachment B). The motion p Refer House Bill 16-1229, as amended, to the Commi	Pass Without Objection PASS

02:25 PM -- HB16-1229

Representative Rankin, sponsor, introduced House Bill 16-1229. The bill transfers moneys in the reserve fund into the revenues fund during FY 2015-16 to address a FY 2015-16 shortfall in the revenues fund. It eliminates the reserve fund and directs all FML moneys previously deposited to the reserve fund to the revenues fund. The bill also prohibits the state from entering into any additional lease-purchase agreements to be funded from the revenues fund. Finally, it clarifies that annual appropriations for the certificates of participation payments are made to the Department of Higher Education for transfer to the State Treasurer. Representative Rankin distributed strike below amendment L.001 (Attachment B) and a JBC staff handout to the committee (Attachment C). He discussed several questions regarding the funds addressed in the bill.

16HouseFin0224AttachB.pdf16HouseFin0224AttachC.pdf

BILL:	HB16-1229
TIME:	02:33:22 PM
MOVED:	Roupe
MOTION:	Adopt amendment L.001 (Attachment B). The motion passed without objection.
SECONDED:	Kagan
		VOTE
	Becker K.
	Conti
	Garnett
	Kagan
	Pabon
	Priola
	Roupe
	Van Winkle
	Wilson
	Foote
	Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection

BILL:	HB16-1229
TIME:	02:34:14 PM
MOVED:	Court
MOTION:	Refer House Bill 16-1229, as amended, to the Committee on Appropriations. The motion passed on a vote of 11-0.
SECONDED:	Conti
		VOTE
	Becker K.	Yes
	Conti	Yes
	Garnett	Yes
	Kagan	Yes
	Pabon	Yes
	Priola	Yes
	Roupe	Yes
	Van Winkle	Yes
	Wilson	Yes
	Foote	Yes
	Court	Yes
Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS