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j_src_2017a_2017-11-17t12:05:58z0 Hearing Summary

Date: 11/17/2017

Location: SCR 352

Final

1a. Modernize state and local officials' surety bond requirements



COMMITTEE ON STATUTORY REVISION COMMITTEE


Votes: View--> Action Taken:
Senator Moreno moved to introduced Bill 1a, LLS 18 PASS







12:06 PM -- 1a. Modernize state and local officials' surety bond requirements
8-17-2017_Memo2C.pdf8-17-2017_Memo2C.pdf11-17-2017_Bill1a.pdf11-17-2017_Bill1a.pdf10-19-2017_Bill1Ciii.pdf10-19-2017_Bill1Ciii.pdf



12:07 PM --
Kip Kolkmeier, Office of Legislative Legal Services (OLLS), testified before the Committee concerning Bill 1a, the second of two bills addressing oaths and bonds of public officials that was discussed in both the August and October meetings. The bill removes obsolete provisions, clarifies that it is a crime insurance policy that would be purchased by a public body in lieu of a personal surety bond (because that's the kind of policy that covers the same types of protections as a personal surety bond), and amends three municipal code provisions, which changes were specifically requested by the Colorado Municipal League. Mr. Kolkmeier explained that the net effect of the bill is to eliminate six specific obsolete personal surety bond provisions and to provide a single, consistent way for a governmental body to purchase insurance in lieu of personal surety bonds.

BILL: 1a. Modernize state and local officials' surety bond requirements
TIME: 12:09:57 PM
MOVED: Moreno
MOTION: Senator Moreno moved to introduced Bill 1a, LLS 18-0160. The motion passed on a vote of 6-0.
SECONDED:
VOTE
Arndt
Excused
Hooton
Yes
Nordberg
Yes
Tate
Excused
Thurlow
Yes
Zenzinger
Yes
Brad Ramming, Esq.
Patrice Bernadette Collins, Esq.
Moreno
Yes
Martinez Humenik
Yes
YES: 6 NO: 0 EXC: 0 ABS: 0 REMOTE PARTICIPATION: 0 FINAL ACTION: PASS
















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