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s_sa_2016a_2016-05-02t16:02:49z4 Hearing Summary

Date: 05/02/2016



Final

BILL SUMMARY for HB16-1196



SENATE COMMITTEE ON STATE, VETERANS, & MILITARY AFFAIRS


Votes: View--> Action Taken:
Postpone House Bill 16-1196 indefinitely using a r

Refer House Bill 16-1196 to the Committee on Appro
PASS

FAIL







04:44 PM -- HB16-1196



Senator Johnston presented House Bill 16-1196 to the committee. The bill, as amended by the House Education Committee, creates the Aspire to College Colorado pilot program within the Colorado Department of Human Services (DHS). DHS is required to make an initial deposit of $50 into a college savings account for up to 2,000 low income, preschool-age children per year, for up to three years. DHS is required to adopt rules for the program, including eligibility, additional monetary contributions, and data collection to evaluate the program.



The program is intended to be a public-private partnership, with the state providing the initial deposit into the savings accounts, and private donations matching any family contributions. Private resources are also to be used to encourage college savings, increase the financial literacy of participants, and evaluate the program's effectiveness.



The bill also creates the Aspire to College Colorado Pilot Program Fund (fund). The fund may include gifts, grants, and donations, and any money transferred or appropriated to it by the General Assembly. Any money in the fund at the end of the fiscal year must remain in the fund.



04:47 PM --
Reggie Bicha, representing DHS, testified in support of the bill.



04:50 PM --
David Hammond, representing EPIC, testified in support of the bill.



04:54 PM --
Jennifer Villalobos, representing the Colorado Public Health Association, testified in support of the bill.



04:58 PM --
Bill Jaeger, representing Colorado Children's Campaign, testified in support of the bill and presented a handout (Attachment A).



16SenateState0502AttachA.pdf16SenateState0502AttachA.pdf



05:00 PM



Senator Johnston wrapped up his presentation to the committee.

BILL: HB16-1196
TIME: 05:00:51 PM
MOVED: Ulibarri
MOTION: Refer House Bill 16-1196 to the Committee on Appropriations. The motion failed on a vote of 2-3.
SECONDED:
VOTE
Hill
No
Jones
Yes
Ulibarri
Yes
Sonnenberg
No
Scott
No
YES: 2 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: FAIL






BILL: HB16-1196
TIME: 05:03:39 PM
MOVED: Sonnenberg
MOTION: Postpone House Bill 16-1196 indefinitely using a reversal of the previous roll call. There was no objection to the use of the reverse roll call, therefore, the bill was postponed indefinitely. The motion passed on a vote of 3-2.
SECONDED:
VOTE
Hill
Yes
Jones
No
Ulibarri
No
Sonnenberg
Yes
Scott
Yes
Final YES: 3 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS














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