s_fin_2016a_2016-05-05t10:03:47z16 Hearing Summary

Date: 05/05/2016

The committee took a brief recess.



02:06 PM



Senator Hill gave notice of intent to reconsider House Bill 16-1267.





02:07 PM -- SB16-210



Senator Baumgardner, prime sponsor, presented Senate Bill 16-210, which bill requires the Transportation Commission to submit a ballot question to voters in 2016, 2017, or 2018 for approval of $3.5 billion in Transportation Revenue Anticipation Notes (TRANs) once existing transportation bonds have been repaid. The maximum repayment cost cannot exceed $5.5 billion or take longer than 20 years to repay. TRANs proceeds must be spent on a list of transportation projects described in the bill.



The bill also eliminates the final three years of Senate Bill 09-228 transfers and diverts 5 percent of state sales tax revenue to the Highway Users Tax Fund (HUTF) and 1 percent of state sales tax revenue to the Capital Construction Fund (CCF).



Senator Baumgardner explained amendment L.004 (Attachment G) and Senator Neville explained amendment L.005 (Attachment H).



16SenateFin0505AttachG.pdf 16SenateFin0505AttachH.pdf



02:10 PM -- Ms. Sandra Solin, representing the Northern Colorado Legislative Alliance, testified in support of the bill.



02:15 PM -- Mr. David May, Fort Collins Area Chamber of Commerce, testified in support of the bill.



02:18 PM -- Mr. Gerry Horak, Mayor Pro Tem of Fort Collins, testified in support of the bill.



02:21 PM -- Mr. Eric Bergman, representing Colorado Counties, Inc., testified in support of the bill.



02:23 PM -- Mr. Jeff Wadsen, representing the Colorado Business Roundtable, testified in support of the bill.



02:26 PM -- Mr. Grier Baily, representing theWyoming Petroleum Marketers Association, testified in support of the bill.



02:30 PM -- Mr. Greg Fulton, representing the Colorado Motor Carriers Division, testified in support of the bill.



02:34 PM -- Mr. Steve Tool, representing the Northern Colorado Legislative Alliance, testified in support of the bill. Mr. Tool addressed questions from the committee.



02:40 PM -- Ms. Barbara Kirkmeyer, representing the Board of County Commissioners, testified in support of the bill.



02:44 PM -- Mr. Mike Salisbury, representing the South West Energy Efficiency Project, testified in opposition to the bill. Mr. Salisbury responded to questions from the committee.



02:49 PM -- Mr. Joe Kiely, representing the Ports-to-Plains Alliance, testified in support of the bill with amendments.



02:54 PM -- Mr. Herman Stockinger, representing the Colorado Department of Transportation, testified from a neutral position on the bill. He responded to committee questions.





03:00 PM



Senator Baumgardner made closing comments on the bill.

03:12 PM



The chair laid HB 16-1361 over to Friday's calendar. The committee adjourned.