Location: SCR 354
Final
BILL SUMMARY for SB16-126
SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
BILL SUMMARY for SB16-126
SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
| Votes: View--> | Action Taken: |
| Adopt amendment L.001 The motion passed without ob Refer Senate Bill 16-126, as amended, to the Commi |
Pass Without Objection PASS |
02:33 PM -- SB 16-126
Senator Roberts introduced Senate Bill 16-126, concerning state bank meeting frequency. Under current law, the board of directors for a state bank is required to meet monthly. This bill requires those meetings to be held at least quarterly unless the board specifies a different schedule. She provided amendment L.001 (Attachment D) to the committee and discussed the purpose of the amendment.
02:34 PM -- Barbara Walker, Independent Bankers of Colorado (IBC), spoke in support of the bill.
02:36 PM -- Jenifer Waller, Colorado Bankers, spoke in support of the bill.
02:36 PM -- Chris Myklebust, Commissioner of Banking, Department of Regulatory Agencies, spoke in support of the bill. He responded to questions from the committee.
02:41 PM
Senator Woods directed questions to the sponsor regarding the amendment.
02:44 PM -- Barbara Walker, IBC, returned to the table to respond to questions from the committee.
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| BILL: | SB16-126 | |
| TIME: | 02:45:00 PM | |
| MOVED: | Woods | |
| MOTION: | Adopt amendment L.001. The motion passed without objection. | |
| SECONDED: | |
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VOTE |
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Baumgardner |
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Heath |
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Hodge |
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Jahn |
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Neville T. |
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Newell |
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Tate |
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Woods |
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Holbert |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection
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| BILL: | SB16-126 | |
| TIME: | 02:45:53 PM | |
| MOVED: | Woods | |
| MOTION: | Refer Senate Bill 16-126, as amended, to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 9-0. | |
| SECONDED: | |
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VOTE |
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Baumgardner |
Yes |
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Heath |
Yes |
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Hodge |
Yes |
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Jahn |
Yes |
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Neville T. |
Yes |
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Newell |
Yes |
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Tate |
Yes |
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Woods |
Yes |
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Holbert |
Yes |
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Final YES: 9 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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02:48 PM
The committee adjourned.