h_fin_2016a_2016-05-05t10:57:00z4 Hearing Summary

Date: 05/05/2016

12:32 PM -- SB16-097



Representative Coram, sponsor, introduced Senate Bill 16-097. Beginning January 1, 2016, this bill, as amended by the Senate Agriculture Committee, places restrictions on transferring money from various mineral related cash funds to the General Fund. The bill prohibits the Governor from restricting the use of money in any of these funds to save money for a future transfer to the General Fund. The bill also limits the Governor's and the Joint Budget Committee's ability to use money in these funds for purposes not authorized in current law or that does not benefit the political subdivisions impacted by the severance of minerals.



12:45 PM -- Ms. Dianna Orf, representing the Associated Governments of Northwest Colorado, testified in support of the bill.



12:48 PM -- Mr. Kelly Sloan, representing Mesa County, Colorado, testified in support of the bill.



12:50 PM -- Mr. Kevin Bommer, representing the Colorado Municipal League, testified in support of the bill. He answered several committee questions



12:54 PM -- Ms. Gini Pingenot, representing Colorado Counties, Inc., testified in support of the bill. She answered several committee questions.