CLICS/CLICS2019A/commsumm.nsf
PUBLIC
BILL SUMMARY For HB19-1179
SENATE COMMITTEE ON FINANCE
Date Apr 16, 2019
Location SCR 357
HB19-1179 - Amended, referred to the Committee of the Whole - Consent Calendar
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02:07:48 PM |
Senator Lee, bill sponsor, introduced House Bill 19-1179. The bill defines nationally recognized statistical rating organizations and negotiable certificates of deposit.
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02:09:51 PM |
Eric Rothaus, Department of the Treasury, gave neutral testimony on the bill. Mr. Rothaus responded to questions from the committee regarding state investments. Senator Lee described an amendment related to credit agencies.
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02:21:08 PM |
Senator Lee distributed amendment L.004 (Attachment A). Committee discussion ensued.
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02:21:40 PM |
John Lefebvre, Colorado County Treasurers Association, testified in support of the bill.
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02:25:40 PM |
Chris Blackwood, PFM Asset Management, testified in support of the bill.
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02:26:44 PM |
Neil Waud, Public Trust Advisors, gave neutral testimony on the bill.
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02:28:40 PM |
The panel responded to a question from the committee regarding additional risk adopted by the state. Discussion ensued.
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02:35:40 PM
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Motion |
Adopt amendment L.004 (Attachment A) |
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| Moved |
Lee |
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| Seconded |
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Gonzales |
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Lundeen |
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Tate |
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Todd |
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Woodward |
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Lee |
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Court |
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YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection |
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02:36:18 PM |
Senator Lee made closing comments on the bill.
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02:37:56 PM
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Motion |
Refer House Bill 19-1179, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. |
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| Moved |
Lee |
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| Seconded |
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Gonzales |
Yes |
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Lundeen |
Yes |
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Tate |
Yes |
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Todd |
Yes |
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Woodward |
Yes |
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Lee |
Yes |
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Court |
Yes |
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Final |
YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS |
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