s_fin_2016a_2016-02-18t11:26:27z0 Hearing Summary
Date: 02/18/2016
Final
BILL SUMMARY for HB16-1049
SENATE COMMITTEE ON FINANCE
| Votes: View--> | Action Taken: |
| Refer House Bill 16-1049 to the Committee of the W | PASS |
The committee was called to order. A quorum was present.
11:26 AM -- HB16-1049
Senator Hill, co-prime sponsor, presented House Bill 1049, which modifies the definition of the type of institution that must be used to set up an escrow account for holding the proceeds of a sale of intrastate securities to be a "depository institution" rather than a specific type of financial institution. It also allows the escrow account to be terminated and its proceeds to be disbursed when the minimum offering amount has been raised rather than the maximum amount. Senator Hill responded to a question about whether there is an anticipated fiscal impact of the bill.
| BILL: | HB16-1049 | |
| TIME: | 11:30:18 AM | |
| MOVED: | Hill | |
| MOTION: | Refer House Bill 16-1049 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 5-0. | |
| SECONDED: | ||
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VOTE
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Holbert
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Yes
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Johnston
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Yes
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Kerr
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Yes
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Hill
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Yes
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Neville T.
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Yes
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Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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