s_agr_2017a_2017-03-15t11:01:27z1 Hearing Summary

Date: 03/15/2017

Location: SCR 357

11:07 AM -- HB 17-1152



Senator Scott, prime sponsor, discussed the provisions of House Bill 17-1152 concerning federal mineral lease district investment authorities and distributed Amendment L.001 (Attachment B). The bill allows a federal mineral lease district (FML district) the option to invest up to 50 percent of the funding the district receives from distributions from the Department of Local Affairs (DOLA). Under current law, all distributions from DOLA to an FML district must be distributed to areas within the district that are socially or economically impacted by the development of minerals or oil and gas operations on federal land. The bill sets certain parameters that the board of an FML district must follow if it chooses to invest a portion of this funding.



170315 AttachB.pdf



The following persons testified remotely on the bill from Colorado Mesa University:



11:09 AM -- Andrew Gorgy, Garfield County Mineral Lease District, spoke in support of the bill and identified mineral lease grants issued by the district.



11:11 AM -- David Ludlam, Western Slope Oil and Gas Association, spoke in support of the bill and identified mineral lease grants issued by the district.



11:13 AM -- Craig Springer, Mesa County Federal Mineral Lease District, spoke in support of the bill and identified mineral lease grants issued by the district.



11:14 AM -- John Justman, Mesa County, spoke in support of the bill.



The following persons testified in person on the bill:



11:16 AM -- Dianna Orf, Associated Governments of Northwest Colorado, spoke in support of the bill.



11:18 AM -- Jim Cole, Colorado Oil and Gas Association, spoke in support of the bill.



11:18 AM



The chair closed testimony, and Senator Scott closed his remarks on the bill.