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h_fin_2016a_2016-02-24t13:36:00z1 Hearing Summary

Date: 02/24/2016



Final

BILL SUMMARY for HB16-1229



HOUSE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Adopt amendment L.001 (Attachment B). The motion p

Refer House Bill 16-1229, as amended, to the Commi
Pass Without Objection

PASS







02:25 PM -- HB16-1229



Representative Rankin, sponsor, introduced House Bill 16-1229. The bill transfers moneys in the reserve fund into the revenues fund during FY 2015-16 to address a FY 2015-16 shortfall in the revenues fund. It eliminates the reserve fund and directs all FML moneys previously deposited to the reserve fund to the revenues fund. The bill also prohibits the state from entering into any additional lease-purchase agreements to be funded from the revenues fund. Finally, it clarifies that annual appropriations for the certificates of participation payments are made to the Department of Higher Education for transfer to the State Treasurer. Representative Rankin distributed strike below amendment L.001 (Attachment B) and a JBC staff handout to the committee (Attachment C). He discussed several questions regarding the funds addressed in the bill.



16HouseFin0224AttachB.pdf16HouseFin0224AttachB.pdf16HouseFin0224AttachC.pdf16HouseFin0224AttachC.pdf

BILL: HB16-1229
TIME: 02:33:22 PM
MOVED: Roupe
MOTION: Adopt amendment L.001 (Attachment B). The motion passed without objection.
SECONDED: Kagan
VOTE
Becker K.
Conti
Garnett
Kagan
Pabon
Priola
Roupe
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection




BILL: HB16-1229
TIME: 02:34:14 PM
MOVED: Court
MOTION: Refer House Bill 16-1229, as amended, to the Committee on Appropriations. The motion passed on a vote of 11-0.
SECONDED: Conti
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Priola
Yes
Roupe
Yes
Van Winkle
Yes
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS










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