H_BUS_2018A 04/19/2018 01:31:32 PM Committee Summary PUBLICSTAFF SUMMARY OF MEETINGHOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR Date 04/19/2018 Attendance Arndt X Coleman X Exum X Garnett X Gray X Liston X Sandridge X Sias X Thurlow X Van Winkle X Williams D. X Rosenthal * Kraft-Tharp X Time 01:31:32 PM to 02:21:07 PM Place LSB A This Meeting was called to order by Kraft-Tharp This Report was prepared by Elizabeth Burger Hearing Items Action Taken hHB18-1298 Amended, referred to the Committee of the Whole hHB18-1373 Referred to the Committee of the Whole hSB18-210 Referred to House Finance HB18-1298 - Amended, referred to the Committee of the Whole Attachment Tag File Name Attachment http://www2.leg.state.co.us/CLICS/CLICS2018A/commsumm.nsf/0/DDEBEE2A7DA3...$File/180419 AttachA.pdf?OpenElement 180419 AttachA.pdf 01:32:25 PM Representatives Bridges and Pettersen distributed and discussed amendment L.003 (Attachment A). The amendment, a strike below, creates the Colorado Secure Savings Plan Board to study the feasibility of creating the Colorado Secure Savings Plan as well as other approaches to increase the amount of retirement savings by private sector workers. The bill sponsors responded to questions from the committee. 01:40:04 PM Committee discussion on amendment L.003 continued. 01:43:42 PM Motion Adopt amendment L.003 Moved Garnett Seconded Arndt Arndt Coleman Exum Garnett Gray Liston Sandridge Sias Thurlow Van Winkle Williams D. Rosenthal Kraft-Tharp YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection 01:45:43 PM Motion Refer House Bill 18-1298, as amended, to the Committee of the Whole. Moved Arndt Seconded Gray Arndt Yes Coleman Yes Exum Yes Garnett Yes Gray Yes Liston No Sandridge No Sias No Thurlow No Van Winkle No Williams D. No Rosenthal Yes Kraft-Tharp Yes Final YES: 7 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: PASS HB18-1373 - Referred to the Committee of the Whole 01:46:09 PM Representatives J. Becker and Hansen introduced House Bill 18-1373. The bill authorizes the Governor's Office of Information Technology to enter into lease agreements through public-private partnerships with private entities to use space on the state's telecommunication network towers. Any negotiated lease rates must be based on local market-based rates. 01:47:31 PM Representatives J. Becker and Hansen responded to questions from the committee. 01:51:10 PM Motion Refer House Bill 18-1373 to the Committee of the Whole. Moved Gray Seconded Van Winkle Arndt Yes Coleman Yes Exum Yes Garnett No Gray Yes Liston Yes Sandridge Yes Sias Yes Thurlow Yes Van Winkle Yes Williams D. Yes Rosenthal Yes Kraft-Tharp Yes Final YES: 12 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS SB18-210 - Referred to House Finance 01:51:17 PM Representatives Hooton and Arndt introduced Senate Bill 18-210. The bill modifies the definition of "appraisal management company" to comport with recent federal language changes. It requires the Board of Real Estate Appraisers in the Department of Regulatory Agencies to maintain a list of appraisal management companies that have an appraiser panel larger than specified federal thresholds. The board must also require that an appraisal management company establish processes and controls to ensure compliance with certain federal regulations, including the Truth in Lending Act. Finally, the board must collect an annual registry fee from appraisal management companies that operate as subsidiaries of federally regulated financial institutions, and transmit the fee to the Federal Financial Institutions Examinations Council. 01:53:40 PM The bill sponsors responded to questions from the committee. 01:54:25 PM Committee discussion on the bill continued. 01:59:35 PM Marcia Waters, Department of Regulatory Agencies, Division of Real Estate, responded to questions from the committee. 02:08:07 PM Melanie Layten, Colorado Bankers Association, testified in support of the bill. 02:11:57 PM Karen Kalavitty, representing herself, testified regarding her concerns with real estate appraisals. 02:16:13 PM The bill sponsors gave concluding remarks regarding the bill. 02:18:06 PM Members of the committee commented on the bill. 02:20:52 PM Motion Refer Senate Bill 18-210 to the Committee on Finance. Moved Gray Seconded Liston Arndt Yes Coleman Yes Exum Yes Garnett Yes Gray Yes Liston Yes Sandridge No Sias Yes Thurlow Yes Van Winkle No Williams D. No Rosenthal Yes Kraft-Tharp Yes Final YES: 10 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: PASS 02:21:07 PM Committee Adjourned