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B44FEB35B8184D4B87258398007919E9 Hearing Summary




PUBLIC
BILL SUMMARY For DEPARTMENT OF THE TREASURY

SENATE COMMITTEE ON FINANCE
Date Feb 5, 2019      
Location SCR 357



Department of the Treasury - Committee Discussion Only
03:02:52 PM  

Mr. Dave Young, State Treasurer, distributed a handout with details on the Department of the Treasury's function (Attachment B). Treasurer Young described the investment, accounting, and banking practices of the department.  Treasurer Young described the Treasurer's Pooled Funds (TPOOL) and the work of the Division of Unclaimed Property.
03:12:48 PM  

Treasurer Young responded to questions from the committee related to how the state uses revenue from cannabis regulation, how the department manages unclaimed property, and the state's daily cash needs.
03:23:48 PM  

Treasurer Young responded to further questions from the committee related to public banks in Colorado and the impact of Senate Bill 18-200 on the Colorado Public Employees' Retirement Association (PERA).






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