268CEC15CF3FCDEB8725823B00775FB2 Hearing Summary

Rep. Leonard introduced House Bill 18-1119. The bill diverts 7.5 percent of sales and use tax revenue from the General Fund to the State Highway Fund. Conditional on approval of a ballot measure, the bill authorizes the issuance of Transportation Revenue Anticipation Notes and repeals executions of lease-purchase agreements under Senate Bill 17-267.  Rep. Leonard distributed a fact sheet [Attachment C], a chart [Attachment D], and a graph [Attachment E]. He answered several committee questions.

Committee discussion with Rep. Leonard continued.

Mr. Bryan Stelmack, representing Stifel Nicolaus, came to the table to answer committee questions.

Mr. Andy Karsian, representing the Department of Transportation, Ms. Amber Egbert, representing the Department of Revenue, and Mr. Ryan Parsell, representing the Department of Treasury, all came to the table to answer committee questions.

Ms. Alice Haugland, representing herself, testified against the bill.

Mr. Richard Orf, representing the Associated Governments of Northwest Colorado, testified against the bill.

Mr. RJ Hicks, representing the Colorado Motor Carriers Association, testified in support of the bill with several amendments.

Mr. Orf answered several committee questions.

Ms. Ann Rajewski, representing the Colorado Association of Transit Agencies, testified against the bill.

Ms. Sophia Guerrero-Murphy, representing Conservation Colorado, testified against the bill.

Rep. Carver distributed amendment L.003 [Attachment F] and a handout [Attachment G].

Rep. Leonard gave some concluding remarks on the bill.