2DAC71294AE04282872583A700719AAF Hearing Summary CLICS/CLICS2019A/commsumm.nsf PUBLICBILL SUMMARY For SB19-088SENATE COMMITTEE ON BUSINESS, LABOR, & TECHNOLOGYDate Feb 20, 2019 Location SCR 354 SB19-088 - Amended, referred to the Committee of the Whole Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/19F4DE51CFBA...$File/190220 AttachG.pdf?OpenElement 190220 AttachG.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/4B7FC7473486...$File/190220 AttachA.pdf?OpenElement 190220 AttachA.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/59ECD28CB49B...$File/190220 AttachB.pdf?OpenElement 190220 AttachB.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/5B53E9083A3E...$File/190220 AttachE.pdf?OpenElement 190220 AttachE.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/72977B64A807...$File/190220 AttachC.pdf?OpenElement 190220 AttachC.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/A4B87FD747B6...$File/190220 AttachD.pdf?OpenElement 190220 AttachD.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/E69AED4C5870...$File/190220 AttachF.pdf?OpenElement 190220 AttachF.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/64E8A328EA84...$File/190220 AttachH.pdf?OpenElement 190220 AttachH.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/EDF8BA951B6A...$File/190220 AttachI.pdf?OpenElement 190220 AttachI.pdf Attachment http://www2.leg.state.co.us/CLICS/CLICS2019A/commsumm.nsf/0/F822C361E996...$File/190220 AttachJ.pdf?OpenElement 190220 AttachJ.pdf 01:40:53 PM Senator Gardner introduced Senate Bill 19-088, concerning the Revised Uniform Unclaimed Property Act (RUUPA). The bill enacts the RUUPA with Colorado-specific amendments. He introduced former Representative Clair Levy who is a member of the Colorado Commission on Uniform State Laws. 01:43:01 PM Claire Levy, Colorado Commission on Uniform State Laws, discussed the role of the commission and the purpose of the bill. She provided two handouts to the committee (Attachments A & B). 01:50:30 PM Senator Gardner discussed potential amendments. He provided a handout to the committee (Attachment C). 01:51:32 PM Commissioner Levy discussed Amendments L.002 (D), L.003 (E), L.004 (F), L.005 (G), L.006 (H), and L.009 (I). 02:01:45 PM Bianca Gardelli, Unclaimed Property Division, Department of Treasury, spoke in favor of the bill. 02:05:18 PM Peter Gunn, Department of Treasury, spoke in favor of the bill. 02:06:12 PM Garth Farrend, Unclaimed Property Division, Department of Treasury, spoke in favor of the bill. He responded to questions from the committee. 02:08:37 PM Michael Lovendusky, American Council of Life Insurers, discussed Amendments L.003 and L.004. He provided a handout to the committee (Attachment J). Mr. Lovendusky responded to questions from the sponsor and members of the committee. 02:24:54 PM Motion Adopt amendment L.002 Moved Tate Seconded Priola Story Tate Donovan Williams A. YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 02:25:45 PM Senator Gardner made comments on Amendment L.003. 02:26:03 PM Commissioner Levy responded to questions from the committee. 02:42:10 PM Motion Adopt amendment L.003 Moved Williams A. Seconded Priola Yes Story No Tate Yes Donovan No Williams A. No YES: 2 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: FAIL 02:42:46 PM Motion Adopt amendment L.004 Moved Williams A. Seconded Priola Yes Story No Tate Yes Donovan No Williams A. Yes YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS 02:43:09 PM Motion Adopt amendment L.005 Moved Tate Seconded Priola Story Tate Donovan Williams A. YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 02:43:42 PM Motion Adopt amendment L.006 Moved Tate Seconded Priola No Story Yes Tate Yes Donovan Yes Williams A. Yes YES: 4 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS 02:45:40 PM Senator Gardner made comments on Amendment L.009. 02:45:46 PM Motion Adopt amendment L.009 Moved Story Seconded Priola No Story Yes Tate No Donovan Yes Williams A. Yes YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS 02:46:03 PM Senator Gardner made closing comments on the merits of the bill. 02:48:11 PM Commissioner Levy made comments on the testimony and the merits of the bill. 02:49:01 PM Motion Refer Senate Bill 19-088, as amended, to the Committee of the Whole. Moved Story Seconded Priola Yes Story Yes Tate Yes Donovan Yes Williams A. Yes Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS