16FE2FE7FD4E057A8725881A006B5635 Hearing Summary CLICS/CLICS2022A/commsumm.nsf PUBLICBILL SUMMARY For SB22-025HOUSE COMMITTEE ON FINANCEDate Apr 4, 2022 Location HCR 0112 SB22-025 - Amended, referred to House Appropriations Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2022A/commsumm.nsf/0/2BA5A7AC5129...$File/SB025_L.002 Attachment A.pdf?OpenElement SB025_L.002 Attachment A.pdf 01:32:31 PM Representatives Bird and McCluskie, co-sponsors, presented Senate Bill 22-025. The bill requires a study be conducted on the use of security token offerings for financing state capital projects. They distributed amendment L.002 (Attachment A). 01:40:34 PM The sponsors responded to questions from the committee. 01:47:20 PM Treasurer Dave Young, representing the Colorado Department of Treasury, testified in support of the bill. He responded to questions from the committee. 02:06:53 PM Committee discussion with Treasurer Young continued. 02:10:35 PM Jason Gelender, representing the Office of Legislative Legal Services, came to the table to respond to committee questions. 02:17:57 PM Representative Benavidez discussed amendment L.002 with the sponsors and Mr. Gelender. 02:20:30 PM Motion Adopt amendment L.002 (Attachment A). Moved Bird Seconded Gray Benavidez Daugherty Gray Kipp Luck Rich Sandridge Soper Tipper Snyder Bird YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 02:20:34 PM The sponsors provided closing remarks and asked for a favorable recommendation. Members of the committee commented about their positions on the bill. 02:27:39 PM Motion Refer Senate Bill 22-025, as amended, to the Committee on Appropriations. Moved Bird Seconded Gray Benavidez Yes Daugherty Yes Gray Yes Kipp Yes Luck No Rich No Sandridge No Soper No Tipper Yes Snyder Yes Bird Yes Final YES: 7 NO: 4 EXC: 0 ABS: 0 FINAL ACTION: PASS