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5014F98CB620AB61872583AF0063765E Hearing Summary




PUBLIC
BILL SUMMARY For SB19-138

SENATE COMMITTEE ON FINANCE
Date Feb 28, 2019      
Location LSB B



SB19-138 - Amended, referred to the Committee of the Whole

11:06:27 AM  

Senator Winter, bill sponsor, introduced Senate Bill 19-138.  The bill allows contractors to make claims against bonds for public-private partnerhip (P3) projects.  Senator Priola, bill sponsor, also commented.

11:08:50 AM  

Scott Deering, American Subcontractors Association, testified in support of the bill.  Mr. Deering responded to questions from the committee regarding bonding requirements for P3 projects and how subcontractors would be impacted by the bill.

11:18:49 AM  

Jeff Johnston, Colorado Roofing Association, testified in support of the bill.

11:22:29 AM  

Caitlin Quander, NAIOP, the Commercial Real Estate Development Association, gave neutral testimony.

11:26:50 AM  

Senator Winter described amendment L.001 (Attachment D).  The amendment clarifies the type of construction projects for which bonding can apply.



11:27:08 AM
Motion Adopt amendment L.001 (Attachment D)
Moved Court
Seconded
Lundeen
Moreno
Tate
Todd
Woodward
Gonzales
Court
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
11:27:09 AM  

Senator Winter described amendment L.002 (Attachment E).  The amendment clarifies what public property means in the bill.



11:27:43 AM
Motion Adopt amendment L.002 (Attachment E)
Moved Court
Seconded
Lundeen
Moreno
Tate
Todd
Woodward
Gonzales
Court
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
11:28:02 AM  

Senator Winter described amendment L.003 (Attachment F).  The amendment adds a legislative declaration to clarify the intent of the bill.



11:28:20 AM
Motion Adopt amendment L.003 (Attachment F)
Moved Court
Seconded
Lundeen
Moreno
Tate
Todd
Woodward
Gonzales
Court
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
11:28:40 AM  

The bill sponsors made closing comments on the bill.  Committee members made comments on the bill.



11:32:40 AM
Motion Refer Senate Bill 19-138, as amended, to the Committee of the Whole.
Moved Court
Seconded
Lundeen Yes
Moreno Yes
Tate Yes
Todd Yes
Woodward Yes
Gonzales Yes
Court Yes
Final YES: 7   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS






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