Skip to main content
Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu

s_blt_2016a_2016-03-02t14:01:00z3 Hearing Summary

Date: 03/02/2016



Final

BILL SUMMARY for SB16-126



SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGY


Votes: View--> Action Taken:
Adopt amendment L.001 The motion passed without ob

Refer Senate Bill 16-126, as amended, to the Commi
Pass Without Objection

PASS







02:33 PM -- SB 16-126



Senator Roberts introduced Senate Bill 16-126, concerning state bank meeting frequency. Under current law, the board of directors for a state bank is required to meet monthly. This bill requires those meetings to be held at least quarterly unless the board specifies a different schedule. She provided amendment L.001 (Attachment D) to the committee and discussed the purpose of the amendment.



160302 AttachD.pdf160302 AttachD.pdf



02:34 PM --
Barbara Walker, Independent Bankers of Colorado (IBC), spoke in support of the bill.



02:36 PM -- Jenifer Waller, Colorado Bankers, spoke in support of the bill.



02:36 PM -- Chris Myklebust, Commissioner of Banking, Department of Regulatory Agencies, spoke in support of the bill. He responded to questions from the committee.



02:41 PM

Senator Woods directed questions to the sponsor regarding the amendment.



02:44 PM -- Barbara Walker, IBC, returned to the table to respond to questions from the committee.

BILL: SB16-126
TIME: 02:45:00 PM
MOVED: Woods
MOTION: Adopt amendment L.001. The motion passed without objection.
SECONDED:
VOTE
Baumgardner
Heath
Hodge
Jahn
Neville T.
Newell
Tate
Woods
Holbert
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




BILL: SB16-126
TIME: 02:45:53 PM
MOVED: Woods
MOTION: Refer Senate Bill 16-126, as amended, to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 9-0.
SECONDED:
VOTE
Baumgardner
Yes
Heath
Yes
Hodge
Yes
Jahn
Yes
Neville T.
Yes
Newell
Yes
Tate
Yes
Woods
Yes
Holbert
Yes
Final YES: 9 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS









02:48 PM



The committee adjourned.




The House and Senate are temporarily adjourned.  The building is closed to the public.

COVID-19 Resources

Written Testimony and Witness Sign-up