h_fin_2016a_2016-03-10t11:25:00z0 Hearing Summary

Date: 03/10/2016

Representative Court, chair, called the meeting to order.



11:24 AM -- SB16-073



Representative Lawrence, sponsor, introduced Senate Bill 16-073. The bill requires the State Auditor to conduct postaudits and performance audits of the limited gaming funds that are transferred to the State Historical Fund for the preservation and restoration of the gaming cities of Central, Black Hawk, and Cripple Creek. The State Auditor must conduct three audits, no later than September 1, 2017, September 1, 2022, and September 1, 2027. The bill's requirements are in addition to the State Auditor's current duty to examine annual audits submitted by each local government.



11:28 AM -- Mayor Bruce Brown, representing the city of Cripple Creek, testified in support of the bill.



11:31 AM -- Mr. Ray DuBois, representing the city of Cripple Creek, testified in support of the bill.



11:32 AM -- Mr. Paul Harris, representing the city of Cripple Creek, testified in support of the bill and answered several committee questions.



11:43 AM -- State Auditor Dianne Ray, representing the Office of the State Auditor, came to table to answer committee questions.





11:50 AM



The bill was laid over to a future date for action only.