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2DAC71294AE04282872583A700719AAF Hearing Summary




PUBLIC
BILL SUMMARY For SB19-088

SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY
Date Feb 20, 2019      
Location SCR 354



SB19-088 - Amended, referred to the Committee of the Whole

01:40:53 PM  
Senator Gardner introduced Senate Bill
19-088, concerning the Revised Uniform Unclaimed Property Act (RUUPA).
 The bill enacts the RUUPA with Colorado-specific amendments.  He
introduced former Representative Clair Levy who is a member of the Colorado
Commission on Uniform State Laws.
01:43:01 PM  
Claire Levy, Colorado Commission on Uniform
State Laws, discussed the role of the commission and the purpose of the
bill.  She provided two handouts to the committee (Attachments A &
B).
01:50:30 PM  
Senator Gardner discussed potential amendments. He provided a handout to the committee (Attachment C).
01:51:32 PM  
Commissioner Levy discussed Amendments L.002 (D), L.003 (E), L.004 (F), L.005 (G), L.006 (H), and L.009 (I).
02:01:45 PM  
Bianca Gardelli, Unclaimed Property Division, Department of Treasury, spoke in favor of the bill.
02:05:18 PM  
Peter Gunn, Department of Treasury, spoke in favor of the bill.
02:06:12 PM  
Garth Farrend, Unclaimed Property Division,
Department of Treasury, spoke in favor of the bill.  He responded
to questions from the committee.
02:08:37 PM  
Michael Lovendusky, American Council of
Life Insurers, discussed Amendments L.003 and L.004.  He provided
a handout to the committee (Attachment J).  Mr. Lovendusky responded
to questions from the sponsor and members of the committee.


02:24:54 PM
Motion Adopt amendment L.002
Moved Tate
Seconded
Priola
Story
Tate
Donovan
Williams A.
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
02:25:45 PM  
Senator Gardner made comments on Amendment L.003.
02:26:03 PM  
Commissioner Levy responded to questions from the committee.


02:42:10 PM
Motion Adopt amendment L.003
Moved Williams A.
Seconded
Priola Yes
Story No
Tate Yes
Donovan No
Williams A. No
YES: 2   NO: 3   EXC: 0   ABS:  0   FINAL ACTION:  FAIL


02:42:46 PM
Motion Adopt amendment L.004
Moved Williams A.
Seconded
Priola Yes
Story No
Tate Yes
Donovan No
Williams A. Yes
YES: 3   NO: 2   EXC: 0   ABS:  0   FINAL ACTION:  PASS


02:43:09 PM
Motion Adopt amendment L.005
Moved Tate
Seconded
Priola
Story
Tate
Donovan
Williams A.
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


02:43:42 PM
Motion Adopt amendment L.006
Moved Tate
Seconded
Priola No
Story Yes
Tate Yes
Donovan Yes
Williams A. Yes
YES: 4   NO: 1   EXC: 0   ABS:  0   FINAL ACTION:  PASS
02:45:40 PM  
Senator Gardner made comments on Amendment
L.009.


02:45:46 PM
Motion Adopt amendment L.009
Moved Story
Seconded
Priola No
Story Yes
Tate No
Donovan Yes
Williams A. Yes
YES: 3   NO: 2   EXC: 0   ABS:  0   FINAL ACTION:  PASS
02:46:03 PM  
Senator Gardner made closing comments on the merits of the bill.
02:48:11 PM  
Commissioner Levy made comments on the testimony and the merits of the bill.


02:49:01 PM
Motion Refer Senate Bill 19-088, as amended, to the Committee of the Whole.
Moved Story
Seconded
Priola Yes
Story Yes
Tate Yes
Donovan Yes
Williams A. Yes
Final YES: 5   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS






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