Colorado General AssemblyToggle Main Menu
Agency NameToggle Agency Menu

S_FIN_2020A 01/16/2020 09:36:50 AM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
JOINT COMMITTEE COMMITTEE ON JOINT FINANCE
Date 01/16/2020
Attendance
Beckman E
Benavidez X
Bird X
Bockenfeld E
Gonzales X
Gray E
Kraft-Tharp E
Lee X
Lundeen E
Rich X
Sandridge X
Snyder E
Sullivan X
Tate X
Todd X
Woodward X
Herod X
Court E
Time 09:36:50 AM to 12:43:28 PM
Place Old Supreme Court Chamber
This Meeting was called to order by Representative Herod
This Report was prepared by Vanessa Reilly
Hearing Items Action Taken
Introduction of Nonpartisan Fiscal Note and Joint Budget Committee Staff Committee Discussion Only
Presentation from Office of the State Auditor Committee Discussion Only
Department of Revenue SMART Act Hearing Committee Discussion Only
Department of the Treasury SMART Act Hearing Committee Discussion Only
Public Employees' Retirement Association SMART Act Hearing Committee Discussion Only
Public Testimony Committee Discussion Only

X = Present, E = Excused, A = Absent, * = Present after roll call

Introduction of Nonpartisan Fiscal Note and Joint Budget Committee Staff - Committee Discussion Only
09:37:03 AM  

Kate Watkins, representing Legislative Council Staff, introduced the fiscal note and economics staff.
09:40:10 AM  

Scott Thompson, representing Joint Budget Committee Staff, described the JBC process.



Presentation from Office of the State Auditor - Committee Discussion Only
09:42:04 AM  

Kerry Hunter and Vicki Heller, representing the Office of the State Auditor, updated the committee on audits performed for the departments overseen by the committee, and distributed twohandouts (Attachments A and B).
09:43:55 AM  
Ms. Heller described the audit of the Treasury Department.



Department of Revenue SMART Act Hearing - Committee Discussion Only
09:56:10 AM  

Lu Cordova, Executive Director, Heidi Humphreys, Jean Robinson, and Lori Duggan, representing the Department of Revenue presented the department's SMART Act briefing to the committee.
10:02:42 AM  
Ms. Cordova and Ms. Humphreys responded to committee members' questions.
10:54:32 AM  
Ms. Duggan described the department's regulatory and legislative agendas.



Department of the Treasury SMART Act Hearing - Committee Discussion Only
11:20:25 AM  
The committee took a brief recess.
11:28:05 AM  
The committee reconvened.
11:28:14 AM  

Dave Young, State Treasurer, presented the SMART Act briefing for the Department of the Treasury, along with a handout (Attachment C).
11:28:53 AM  
Treasurer Young continued the presentation by dicussing the department's regulatory agenda. He further discussed the department's legislative agenda.



Public Employees' Retirement Association SMART Act Hearing - Committee Discussion Only
12:09:56 PM  

Tim O'Brien, Ron Baker, and Amy McGarrity, representing the Public Employees' Retirement Association (PERA), presented PERA's SMART Act briefing to the committee, along with a handout (Attachment D).



Public Testimony - Committee Discussion Only



12:42:59 PM
No public testimony was received.


12:43:28 PM   The committee adjourned.






Colorado legislature email addresses ending in @state.co.us are no longer active. Please replace @state.co.us with @coleg.gov for Colorado legislature email addresses. Details

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