Date: 01/29/2009

Final
BILL SUMMARY for SB09-022

SENATE COMMITTEE ON LOCAL GOVERNMENT AND ENERGY

Votes: View--> Action Taken:
Adopt Amendment L.001 (Attachment G). The motion
Adopt Amendment L.002 (Attachment H). The motion
Amend the bill, page 4, lines 4 and 5 of the bill:
Refer Senate Bill 09-022, as amended, to the Senat		Pass Without Objection
Pass Without Objection
Pass Without Objection
PASS



11:46 AM -- Senate Bill 09-022

Senator Bacon, prime sponsor, presented Senate Bill 09-022, which increases the annual limit of payments generated from state school lands that can be credited to the State Board of Land Commissioners Investment and Development Fund from $1 million to $5 million. Committee members received a fact sheet concerning the bill, prepared by the Colorado Board of Land Commissioners (Attachment E). The following people testified:

09senlgAttachE0129.pdf

11:50 AM -- Mr. Steve Holdren, representing the Colorado Board of Land Commissioners, spoke in support of the bill.

11:52 AM -- Mr. Jon Brejcha, also representing the Colorado Board of Land Commissioners, spoke in support of the bill.

11:54 AM -- Mr. Tobin Follenweider, also representing the Colorado Board of Land Commissioners, spoke in support of the bill. Committee members received a flowchart illustrating the FY 2008-09 distribution of school trust revenues and proceeds (Attachment F). Mr. Follenweider explained the flowchart.

09senlgAttachF0129.pdf

11:57 AM -- Mr. Bruce Caughey, representing the Colorado Association of School Executives, spoke about the bill. He expressed some concerns about the bill and recommended a possible conceptual amendment.


12:00 PM

Senator Bacon made concluding remarks about the bill. Senator Bacon distributed and briefly explained Amendment L.001 (Attachment G) and Amendment L. 002 (Attachment H).

09senlgAttachG0129.pdf 09senlgAttachH0129.pdf
BILL:SB09-022
TIME: 12:00:31 PM
MOVED:Hodge
MOTION:Refer Senate Bill 09-022, as amended, to the Senate Committee on Finance with a favorable recommendation. The motion passed on a vote of 6-0-1.
SECONDED:
VOTE
Cadman
Absent
Hodge
Yes
Kester
Yes
Lundberg
Yes
Newell
Yes
Foster
Yes
Schwartz
Yes
Final YES: 6 NO: 0 EXC: 0 ABS: 1 FINAL ACTION: PASS
BILL:SB09-022
TIME: 12:02:28 PM
MOVED:Hodge
MOTION:Amend the bill, page 4, lines 4 and 5 of the bill: strike "OR OTHER GOVERNMENT ENTITIES". The motion passed without objection by those members present.
SECONDED:
VOTE
Cadman
Absent
Hodge
Kester
Lundberg
Newell
Foster
Schwartz
Not Final YES: 0 NO: 0 EXC: 0 ABS: 1 FINAL ACTION: Pass Without Objection
BILL:SB09-022
TIME: 12:01:23 PM
MOVED:Hodge
MOTION:Adopt Amendment L.002 (Attachment H). The motion passed without objection by those members present.
SECONDED:
VOTE
Cadman
Absent
Hodge
Kester
Lundberg
Newell
Foster
Schwartz
Not Final YES: 0 NO: 0 EXC: 0 ABS: 1 FINAL ACTION: Pass Without Objection

BILL:SB09-022
TIME: 12:00:50 PM
MOVED:Hodge
MOTION:Adopt Amendment L.001 (Attachment G). The motion passed without objection by those members present.
SECONDED:
VOTE
Cadman
Absent
Hodge
Kester
Lundberg
Newell
Foster
Schwartz
Not Final YES: 0 NO: 0 EXC: 0 ABS: 1 FINAL ACTION: Pass Without Objection



12:04 PM

The committee adjourned.