|
PUBLIC
STAFF SUMMARY OF MEETING
SENATE COMMITTEE ON FINANCE
| Date |
04/04/2019 |
| Attendance |
| Gonzales |
X |
| Lundeen |
X |
| Tate |
X |
| Todd |
X |
| Woodward |
X |
| Lee |
X |
| Court |
X |
| X = Present, E = Excused, A = Absent, * = Present after roll call |
|
| Time |
09:57:58 AM to 11:07:58 AM |
| Place |
SCR 357 |
| This Meeting was called to order by |
Senator Court |
| This Report was prepared by |
Matt Bishop |
|
| Hearing Items |
Action Taken |
| hConf 19-Securities Board |
Favorably Refer to Full Senate - Consent Calendar |
| hSB19-150 |
Referred to Senate Appropriations |
| hHB19-1217 |
Referred to the Committee of the Whole |
|
|
Conf 19-Securities Board - Favorably Refer to Full Senate - Consent Calendar
|
|
|
09:58:09 AM |
Chris Myklebust, Securities Commissioner, introduced Thomas Kenning and Keith Olivia, nominees to the Securities Board.
|
|
09:59:43 AM |
Mr. Kenning introduced his background, his interest in, and his qualifications for the board.
|
|
10:00:54 AM |
Mr. Olivia introduced his background, his interest in, and his qualifications for the board.
|
|
10:02:35 AM |
The nominees and Commissioner Myklebust responded to questions from the committee regarding the role of the securities commission in crowd funding.
|
10:13:08 AM
|
Motion |
Refer the appointments of Thomas Kenning and Keith Olivia to the Conf 19-Securities Board to the full Senate with a favorable recommendation and with a recommendation that it be placed on the consent calendar. |
|
| Moved |
Gonzales |
|
| Seconded |
|
|
|
|
|
|
Gonzales |
Yes |
|
|
Lundeen |
Excused |
|
|
Tate |
Excused |
|
|
Todd |
Yes |
|
|
Woodward |
Yes |
|
|
Lee |
Yes |
|
|
Court |
Yes |
|
|
Final |
YES: 5 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS |
|
|
SB19-150 - Referred to Senate Appropriations
|
|
|
10:13:21 AM |
Senator Donovan, bill sponsor, introduced Senate Bill 19-150. The bill continues the regulation of public livestock markets. The bill sponsor and Doug Vilsack, Department of Agriculture, responded to questions from the committee regarding staffing of the program and the impact of the program.
|
10:22:42 AM
|
Motion |
Refer Senate Bill 19-150 to the Committee on Appropriations. |
|
| Moved |
Todd |
|
| Seconded |
|
|
|
|
|
|
Gonzales |
Yes |
|
|
Lundeen |
Yes |
|
|
Tate |
Yes |
|
|
Todd |
Yes |
|
|
Woodward |
Yes |
|
|
Lee |
Yes |
|
|
Court |
Yes |
|
|
Final |
YES: 7 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS |
|
|
HB19-1217 - Referred to the Committee of the Whole
|
|
|
10:22:49 AM |
Senator Court, bill sponsor, introduced House Bill 19-1217. The bill eliminates the member contribution increase to the Public Employees' Retirement Association (PERA) for local government employees. Senator Tate, bill sponsor, also commented.
|
|
10:26:32 AM |
Ron Baker, PERA, explained the intent and impact of the bill. Mr. Baker responded to questions from the committee regarding the impact on other PERA divisions, PERA's involvement in the negotiation process for Senate Bill 18-200, concerns with the bill, and other pension programs.
|
|
10:36:42 AM |
Mr. Baker responded to further questions from the committee regarding the size of the local government division, impacts on retirees, and impact on the auto-adjust if the bill does not pass. Senator Court also commented.
|
|
10:44:59 AM |
Mr. Baker and Senator Court responded to a further question from the committee regarding feedback received by PERA on the bill.
|
|
10:47:34 AM |
Kevin Bommer, Colorado Municipal League, testified in support of the bill.
|
|
10:53:45 AM |
Bob Eichem, City of Boulder, testified in support of the bill.
|
|
10:55:52 AM |
Mark Ruzzin, Boulder County Commissioners' Office, testified in support of the bill.
|
|
10:58:40 AM |
Evan Goulding, Special District Association of Colorado, testified in support of the bill. Mr. Goulding responded to a question from the committee regarding the number of special districts in Colorado.
|
|
11:00:02 AM |
Mr. Bommer and Mr. Ruzzin responded to a question from the committee regarding unfunded liabilities.
|
|
11:07:14 AM |
The committee reconvened.
|
11:07:51 AM
|
Motion |
Refer House Bill 19-1217 to the Committee of the Whole. |
|
| Moved |
Court |
|
| Seconded |
|
|
|
|
|
|
Gonzales |
Yes |
|
|
Lundeen |
No |
|
|
Tate |
Yes |
|
|
Todd |
Yes |
|
|
Woodward |
No |
|
|
Lee |
Yes |
|
|
Court |
Yes |
|
|
Final |
YES: 5 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS |
|
|
| 11:07:58 AM |
The committee adjourned. |
