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8077FB91C87670628725858300634372 Hearing Summary




PUBLIC
BILL SUMMARY For HB20-1413

SENATE COMMITTEE ON FINANCE
Date Jun 10, 2020      
Location SCR 357



HB20-1413 - Referred to Senate Appropriations


12:04:17 PM  

Senators Donovan and Zenzinger, co-prime sponsors, presented House Bill 20-1413, which establishes a state and private investor-funded small business recovery loan program.  Senator Donovan explained the effect of the bill and discussed its need. Senator Zenzinger provided input on the merits of the legislation.

12:12:59 PM  

Dave Young, State Treasurer, testified in support of HB 20-1413. Jeff Kraft, representing the Colorado Office of Economic Development and International Trade (OEDIT), testified in support of the bill. Mr. Kraft responded to questions regarding the types of companies impacted by the bill, and the mechanics of the legislation. Treasurer Young provided input on the method by which funds would be released under the bill.

12:30:17 PM  
Anneliese Steel, representing Colorado Concern, testified in support of the bill.
12:32:40 PM  
No amendments were offered to HB 20-1413. The bill's cosponsors provided closing remarks in support of the bill.


12:36:53 PM
Motion Refer House Bill 20-1413 to the Committee on Appropriations.
Moved Todd
Seconded
Hansen Yes
Lundeen Yes
Rodriguez Yes
Tate Yes
Woodward Yes
Todd Yes
Gonzales Yes
Final YES: 7   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS






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