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PUBLIC
BILL SUMMARY For SB25-016

SENATE COMMITTEE ON FINANCE
Date Jan 28, 2025       Location SCR 357

SB25-016 - Amended, referred to the Committee of the Whole


02:39:09 PM  
Sen. Snyder introduced Senate Bill 25-016. The bill modifies the types of funds that are available for immediate withdrawal in real estate transactions.
02:40:17 PM  
Eric Snyder, representing the Colorado Bar Association, testified to amend the bill. Alison Morgan, representing the Colorado Bankers Association, testified to amend the bill. Brian Phillips, representing the Land Title Association of Colorado, testified in support of the bill.

02:49:09 PM
Motion Adopt amendment L.002 (Attachment C)
Moved Snyder
Seconded
Bright
Frizell
Gonzales J. Excused
Kolker
Mullica
Simpson
Snyder
Marchman
Kipp
YES: 0   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  Pass Without Objection

02:51:27 PM
Motion Refer Senate Bill 25-016, as amended, to the Committee of the Whole.
Moved Snyder
Seconded
Bright Yes
Frizell Yes
Gonzales J. Excused
Kolker Yes
Mullica Yes
Simpson Yes
Snyder Yes
Marchman Excused
Kipp Yes
Final YES: 7   NO: 0   EXC: 2   ABS:  0   FINAL ACTION:  PASS