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7E18EDFD9FE2B8D1872583DE006E92F8 Hearing Summary




PUBLIC
BILL SUMMARY For HB19-1179

SENATE COMMITTEE ON FINANCE
Date Apr 16, 2019      
Location SCR 357



HB19-1179 - Amended, referred to the Committee of the Whole - Consent Calendar


02:07:48 PM  

Senator Lee, bill sponsor, introduced House Bill 19-1179.  The bill defines nationally recognized statistical rating organizations and negotiable certificates of deposit.

02:09:51 PM  

Eric Rothaus, Department of the Treasury, gave neutral testimony on the bill.  Mr. Rothaus responded to questions from the committee regarding state investments.  Senator Lee described an amendment related to credit agencies.

02:21:08 PM  

Senator Lee distributed amendment L.004 (Attachment A).  Committee discussion ensued.

02:21:40 PM  

John Lefebvre, Colorado County Treasurers Association, testified in support of the bill.

02:25:40 PM  

Chris Blackwood, PFM Asset Management, testified in support of the bill.

02:26:44 PM  

Neil Waud, Public Trust Advisors, gave neutral testimony on the bill.

02:28:40 PM  

The panel responded to a question from the committee regarding additional risk adopted by the state.  Discussion ensued.



02:35:40 PM
Motion Adopt amendment L.004 (Attachment A)
Moved Lee
Seconded
Gonzales
Lundeen
Tate
Todd
Woodward
Lee
Court
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
02:36:18 PM  

Senator Lee made closing comments on the bill.



02:37:56 PM
Motion Refer House Bill 19-1179, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.
Moved Lee
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






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