Bill Summary for Bill Number SB10-122

Date: 03/09/2010

Final
BILL SUMMARY for SB10-122

HOUSE COMMITTEE ON FINANCE

Votes: View-->	Action Taken:
Refer Senate Bill 10-122 to the Committee of the W	PASS

11:36 AM -- Senate Bill 10-122 - Concerning the Capital Finance Corporation

Representative Weissmann, prime sponsor, explained that Senate Bill 10-122 was recommended by the Executive Committee of the Legislative Council. It abolishes the Capital Finance Corporation, the state's lessor in the master lease program. He closed by saying that the corporation's power to execute documents related to existing lease purchase agreements is transferred to the executive director of the Department of Personnel and Administration (DPA).


BILL:	SB10-122
TIME:	11:37:33 AM
MOVED:	Summers
MOTION:	Refer Senate Bill 10-122 to the Committee of the Whole. The motion passed on a 10-0 vote.
SECONDED:	Kefalas
		VOTE
	DelGrosso	Yes
	Frangas	Yes
	Gerou	Yes
	Kagan	Yes
	Kefalas	Yes
	Labuda	Yes
	Roberts	Yes
	Summers	Yes
	Swalm	Excused
	Benefield	Yes
	Judd	Yes

Final YES: 10 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS