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s_fin_2016a_2016-02-11t09:52:46z0 Hearing Summary

Date: 02/11/2016



Final

BILL SUMMARY for SB16-073



SENATE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Adopt amendment L.002 (Attachment B). The motion p

Amend the bill to stike lines 10 though 13 on page

Refer Senate Bill 16-073, as amended, to the Commi
PASS

Pass Without Objection

PASS







The committee was called to order. A quorum was present.



09:52 AM -- SB16-073



Senator Grantham, prime sponsor, presented Senate Bill 16-073, which 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. Senator Grantham discussed potential amendments to the bill.



09:56 AM --
Mr. Bruce Brown, Mayor, Mr. Ray Du Bois, City Administrator, and Mr. Paul Harris, Finance Director, all representing the City of Cripple Creek, testified in support of the bill. Mr. Harris distributed a handout showing the distribution of limited gaming moneys since FY 2010-11 (Attachment A).



16SenateFin0211AttachA.pdf16SenateFin0211AttachA.pdf



10:01 AM --
Mr. Corey Hoffmann, representing the City of Black Hawk, testified in support of the bill and a potential amendment. Mr. Hoffmann addressed a question from the committee.



10:07 AM --
Ms. Dianne Ray, State Auditor, addressed a question from the committee about a proposed amendment to strike lines 10 through 13 on page 3 of the introduced bill.





10:12 AM



Senator Grantham distributed Amendment L.002 (Attachment B).



16SenateFin0211AttachB.pdf16SenateFin0211AttachB.pdf

BILL: SB16-073
TIME: 10:12:19 AM
MOVED: Holbert
MOTION: Adopt amendment L.002 (Attachment B). The motion passed on a vote of 4-1.
SECONDED:
VOTE
Holbert
Yes
Johnston
Yes
Kerr
No
Hill
Yes
Neville T.
Yes
YES: 4 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS




BILL: SB16-073
TIME: 10:14:10 AM
MOVED: Hill
MOTION: Amend the bill to strike lines 10 though 13 on page 3 of the introduced bill. The motion passed without objection.
SECONDED:
VOTE
Holbert
Johnston
Kerr
Hill
Neville T.
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection





10:14 AM



Senator Grantham made some closing remarks on the bill.

BILL: SB16-073
TIME: 10:15:41 AM
MOVED: Holbert
MOTION: Refer Senate Bill 16-073, as amended, to the Committee of the Whole. The motion passed on a vote of 5-0.
SECONDED:
VOTE
Holbert
Yes
Johnston
Yes
Kerr
Yes
Hill
Yes
Neville T.
Yes
Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS












The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details