S_TRA_2016A 02/11/2016 09:32:43 AM Committee Summary

Final

STAFF SUMMARY OF MEETING

SENATE COMMITTEE ON TRANSPORTATION

Date:	02/11/2016	ATTENDANCE

Time:	09:32 AM to 09:38 AM	Cooke	X
		Garcia	X
Place:	SCR 352	Todd	*
		Scott	X
This Meeting was called to order by		Baumgardner	X
	Senator Baumgardner

This Report was prepared by
	Jessika Shipley
		X = Present, E = Excused, A = Absent, * = Present after roll call

Bills Addressed:		Action Taken:
SB16-087		Referred to Appropriations

09:33 AM -- SB16-087

Senator Baumgarder introduced Senate Bill 16-087. Under current law, 3 percent of public utilities fees collected by the Department of Revenue (DOR) on behalf of the Public Utilities Commission (PUC) in the Department of Regulatory Agencies (DORA) must be credited to the General Fund. The bill requires these moneys to be diverted to the Highway-Rail Crossing Signalization Fund as follows, with any remainder to be credited to the General Fund:

• in FY 2016-17, the lesser of the total of the 3 percent of public utilities fees or $240,000; and

• in FY 2017-18 and each year thereafter, the lesser of the total of the 3 percent of public utilities fees or $240,000, plus an annual inflation adjustment of 2 percent for each fiscal year beginning in FY 2017-18.

This diversion replaces the existing law that $240,000 be paid annually, subject to annual appropriation, from the General Fund to the Highway-Rail Crossing Signalization Fund.

09:34 AM -- Pam Fischhaber, Department of Regulatory Agencies - Public Utilities Commission, testified in support of the bill.


BILL:	SB16-087
TIME:	09:36:59 AM
MOVED:	Baumgardner
MOTION:	Refer Senate Bill 16-087 to the Committee on Appropriations. The motion passed on a vote of 5-0.
SECONDED:
		VOTE
	Cooke	Yes
	Garcia	Yes
	Todd	Yes
	Scott	Yes
	Baumgardner	Yes


Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

09:38 AM

The committee adjourned.

Colorado General Assembly