s_tra_2016a_2016-02-11t09:32:43z0 Hearing Summary

Date: 02/11/2016

09:33 AM -- SB16-087



Senator Baumgarder introduced Senate Bill 16-087. Under current law, 3 percent of public utilities fees collected by the Department of Revenue (DOR) on behalf of the Public Utilities Commission (PUC) in the Department of Regulatory Agencies (DORA) must be credited to the General Fund. The bill requires these moneys to be diverted to the Highway-Rail Crossing Signalization Fund as follows, with any remainder to be credited to the General Fund:



• in FY 2016-17, the lesser of the total of the 3 percent of public utilities fees or $240,000; and

• in FY 2017-18 and each year thereafter, the lesser of the total of the 3 percent of public utilities fees or $240,000, plus an annual inflation adjustment of 2 percent for each fiscal year beginning in FY 2017-18.



This diversion replaces the existing law that $240,000 be paid annually, subject to annual appropriation, from the General Fund to the Highway-Rail Crossing Signalization Fund.



09:34 AM -- Pam Fischhaber, Department of Regulatory Agencies - Public Utilities Commission, testified in support of the bill.

09:38 AM



The committee adjourned.