8077FB91C87670628725858300634372 Hearing Summary

Senators Donovan and Zenzinger, co-prime sponsors, presented House Bill 20-1413, which establishes a state and private investor-funded small business recovery loan program.  Senator Donovan explained the effect of the bill and discussed its need. Senator Zenzinger provided input on the merits of the legislation.

Dave Young, State Treasurer, testified in support of HB 20-1413. Jeff Kraft, representing the Colorado Office of Economic Development and International Trade (OEDIT), testified in support of the bill. Mr. Kraft responded to questions regarding the types of companies impacted by the bill, and the mechanics of the legislation. Treasurer Young provided input on the method by which funds would be released under the bill.

Anneliese Steel, representing Colorado Concern, testified in support of the bill.

No amendments were offered to HB 20-1413. The bill's cosponsors provided closing remarks in support of the bill.