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j_cdc_2017a_2017-02-07t07:31:52z0 Hearing Summary

Date: 02/07/2017

Location: SCR 357

Final

National Western Center COP Issuance, Deputy State Treasurer



COMMITTEE ON CAPITAL DEVELOPMENT COMMITTEE


Votes: View--> Action Taken:
Approve the introduction of committee legislation PASS







07:32 AM -- National Western Center COP Issuance, Deputy State Treasurer



The committee was called to order. All members were present. Mr. Jon Forbes, Deputy State Treasurer, provided an overview of draft legislation concerning a clarification that the lease-purchase agreements needed in order to contribute to the financing of the phased development of the National Western Center may be entered into before July 1, 2019, but must specify that payments are not due from the General Fund until July 1, 2019. Committee members received copies of the draft legislation (Attachment A). Mr. Forbes responded to questions regarding why House Bill 15-1344 did not adequately provide for phased development of the National Western Center, and the legal opinion of the Department of Law on the matter. Discussion ensued regarding some potential consequences of not adopting the draft legislation. Mr. Forbes responded to questions regarding the historic track record of the state's bond rating.



170207 AttachA.pdf170207 AttachA.pdf

BILL: National Western Center COP Issuance, Deputy State Treasurer
TIME: 07:41:46 AM
MOVED: Baumgardner
MOTION: Approve the introduction of committee legislation concerning the financing of the phased development of the National Western Center (LLS No. 17-0885.01). The motion passed on a vote of 5-1.
SECONDED:
VOTE
Becker J.
No
Hansen
Yes
Kefalas
Yes
Sonnenberg
Yes
Baumgardner
Yes
Esgar
Yes
Final YES: 5 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS







07:42 AM



The committee discussed sponsorship for the legislation.








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