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h_bus_2017a_2017-02-21t13:33:14z2 Hearing Summary

Date: 02/21/2017

Location: LSB A

Final

BILL SUMMARY for HB17-1161



HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR


Votes: View--> Action Taken:
Adopt amendment L.001. The motion failed on a vote

Postpone House Bill 17-1161 indefinitely. The moti

Refer House Bill 17-1161 to the Committee of the W
FAIL

PASS

FAIL







02:47 PM -- HB 17-1161



Representative Beckman, sponsor, introduced House Bill 17-1161. The bill requires that urban renewal authorities (URAs) prepare a public report no later than 90 days after the end of the first fiscal year in which a urban renewal plan using tax increment financing (TIF) has been authorized, and each year thereafter. The report must include information on TIF revenue collected in the previous year, the taxing entities affected, how revenues were spent, projected TIF revenues for the upcoming year, and progress made on urban renewal projects. The report must also include an independent audit of the URA's financial status by a certified public accountant. If the audit identifies that TIF revenue has been used for unauthorized purposes, the URA is liable for the repayment of those tax revenues to the taxing entities. The bill defines eligible costs and eligible improvements for URAs, and specifies that the annual public report be sent to each taxing entity via first class mail and email.



Representative Beckman provided a handout (Attachment C) and amendment L.001 (Attachment D) to the committee.



170221 AttachC.pdf170221 AttachC.pdf170221 AttachD.pdf170221 AttachD.pdf



Representative Beckman responded to questions from the committee.



03:01 PM --
Tim Hoover, Colorado Fiscal Institute, testified in support of the bill.



03:03 PM --
Angela Dougan, Americans for Prosperity, testified in support of the bill. Ms. Dougan responded to questions from the committee.



03:08 PM --
Robin Swartzbacker, representing herself, testified in support of the bill.



03:10 PM --
Bruce Baker, representing himself, testified in support of the bill. Mr. Baker provided a handout to the committee (Attachment E). Mr. Baker responded to questions from the committee.



170221 AttachE.pdf170221 AttachE.pdf



03:14 PM --
Barbara Kirkmeyer, Weld County Commissioner, testified in support of the bill. Commissioner Kirkmeyer responded to questions from the committee.



03:18 PM --
Carol Brzeczek, representing herself, testified in support of the bill.



03:22 PM --
Patrick Fitzgerald, representing himself, testified in support of the bill.



03:22 PM --
Kevin Bommer, Colorado Municipal League, testified in opposition to the bill. Mr. Bommer responded to questions from the committee and the bill sponsor.



03:34 PM --
Erin Goff, NAIOP Commercial Real Estate Development Association and the International Council of Shopping Centers, testified in opposition to the bill.


BILL: HB17-1161
TIME: 03:37:16 PM
MOVED: Nordberg
MOTION: Adopt amendment L.001. The motion failed on a vote of 6-7.
SECONDED: Van Winkle
VOTE
Arndt
No
Coleman
No
Garnett
No
Gray
No
Navarro
Yes
Nordberg
Yes
Rosenthal
No
Sias
Yes
Thurlow
Yes
Van Winkle
Yes
Williams D.
Yes
Winter
No
Kraft-Tharp
No
YES: 6 NO: 7 EXC: 0 ABS: 0 FINAL ACTION: FAIL





03:38 PM



Representative Beckman and committee members made closing remarks on the bill.


BILL: HB17-1161
TIME: 03:47:36 PM
MOVED: Winter
MOTION: Refer House Bill 17-1161 to the Committee of the Whole. The motion failed on a vote of 3-10.
SECONDED: Van Winkle
VOTE
Arndt
No
Coleman
No
Garnett
No
Gray
No
Navarro
Yes
Nordberg
No
Rosenthal
No
Sias
No
Thurlow
No
Van Winkle
Yes
Williams D.
Yes
Winter
No
Kraft-Tharp
No
YES: 3 NO: 10 EXC: 0 ABS: 0 FINAL ACTION: FAIL


BILL: HB17-1161
TIME: 03:48:26 PM
MOVED: Winter
MOTION: Postpone House Bill 17-1161 indefinitely. The motion passed on a vote of 10-3.
SECONDED: Garnett
VOTE
Arndt
Yes
Coleman
Yes
Garnett
Yes
Gray
Yes
Navarro
No
Nordberg
Yes
Rosenthal
Yes
Sias
Yes
Thurlow
Yes
Van Winkle
No
Williams D.
No
Winter
Yes
Kraft-Tharp
Yes
Final YES: 10 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS







03:49 PM



The committee adjourned.










The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details