j_lc_2016a_2016-10-14t09:09:40z7 Hearing Summary

Date: 10/14/2016

11:07 AM -- Wildfire Matters Review Committee



Senator Roberts, chair of the Wildfire Matters Review Committee, presented Bill A, Resolution A, and Memorial A recommended by the committee. The summary report prepared for the Legislative Council Committee, copies of the bills, and the committee's charge can be found in Attachment G. Senator Roberts answered questions from the committee.



161014 AttachG.pdf



The bill, resolution, and memorial are as follows:



Bill A - Reverse Mortgage Repayment When Home Uninhabitable. Under current law, the borrower in a reverse mortgage is relieved of the obligation to occupy the subject property as a principle residence if the borrower is temporarily absent for up to 60 days or, if the property is adequately secured, up to one year. This bill adds an additional exception to the principal residence requirement for borrowers who are unable to live in their home for at least 60 days and fewer than five years due to a natural disaster or incident beyond the borrower's control making the home uninhabitable. The bill applies to reverse mortgages for homes that are rendered uninhabitable by a natural disaster occurring on or after the effective date of the bill.



Resolution A - Support for Use of Biochar. This resolution requests that state and federal agencies support the continued use of biochar from Colorado forest biomass products.



Joint Memorial A - End Practice Fire Borrowing. This memorial requests that Congress fund the costs for catastrophic wildfire response outside the normal budgets for federal forest management agencies.

11:15 AM



The committee adjourned.