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First Regular Session | 75th General Assembly
Colorado General Assembly

PUBLIC
BILL SUMMARY For HB23-1281

HOUSE COMMITTEE ON FINANCE
Date Apr 24, 2023       Location HCR 0112

HB23-1281 - Committee Discussion/Witness Testimony Only
04:19:31 PM  
The committee recessed.
04:22:58 PM  

The committee returned to order. Representatives Epps and Taggart, co-prime sponsors, presented House Bill 23-1297. The bill repeals the allowance for a corporation to issue a scrip in bearer form upon the holder surrendering enough scrip to equal a full share. This change conforms state statute with current federal law, which has prohibited the practice since 2021. The sponsors distributed amendment L.009 (Attachment D).
04:29:44 PM  
The bill sponsors responded to questions from the committee and explained the purpose of amendment L009.
04:34:56 PM  
Discussion with the sponsors continued.
04:43:02 PM  
Mr. JuanRoberto Madrid, representing GreenLatinos, testified in opposition to the bill.
04:48:15 PM  
The committee took a brief recess.
04:51:25 PM  
The committee returned to order.
04:51:42 PM  
Mr. Riley Smith, representing NextEra Energy Resources, testified in opposition to the bill.
04:54:48 PM  
Ms. Patricia Garcia-Nelson, representing GreenLatinos, testified in opposition to the bill.
04:57:42 PM  
Justin Brant, representing the Southwest Energy Efficiency Project, testified in opposition to the bill.
05:04:05 PM  
Mr. Parks Barroso, representing Western Resource Advocates, testified to amend the bill.
05:06:52 PM  
Mr. Keith Hay, representing the Colorado Energy Office, testified in support of the bill.
05:10:46 PM  
The witnesses responded to questions from the committee.
05:19:46 PM  

The committee continued to discuss the bill with witnesses.  The bill was laid over for action at a later date.