Date: 04/07/2010

Final
BILL SUMMARY for SB10-166

HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR

Votes: View--> Action Taken:
Moved amendment L.004 (Attachment A). The motion
Moved to refer Senate Bill 10-166, as amended, to 		Pass Without Objection
PASS



10:39 AM -- Senate Bill 10-166

Representatives Riesberg and Sonnenberg, co-prime sponsors, presented Senate Bill 10-166 concerning the authority of the Executive Director of the Department of Personnel to enter into lease-purchase agreements. Current law prohibits most state agencies from entering into lease purchase agreements for real property where the total payments exceed $500,000 unless specifically authorized by a bill other than the Long Bill or a supplemental appropriations bill. This bill allows the executive director of the Department of Personnel and Administration to enter into such agreements if certain conditions are met. It is recommended by the Capital Development Committee.

The streamlined process would only be available if the total cost of the lease-purchase is less than what would be paid in rent. In addition, the lease purchase agreement must be approved by the Governor's Office of State Planning and Budgeting and the Capital Development Committee.

Moneys appropriated to state agencies for rent are to be transferred to the newly-created Lease-Purchase Servicing Account within the Capital Construction Fund and used to make the lease-purchase payments. If private tenants are in a lease-purchase building, any rent they pay is credited to the newly-created Lease-Purchase Rental Cash Fund.


10:44 AM -- Mary Wickersham, representing the Colorado State Treasurer's Office, testified in support of the bill and talked about the strike below.


10:45 AM -- Lisa Esgar, Deputy Director, Governor's Office of State Planning and Budgeting, testified in support of the bill.

BILL:SB10-166
TIME: 10:47:43 AM
MOVED:Gagliardi
MOTION:Moved amendment L.004 (Attachment A). The motion passed without objection.
SECONDED:Middleton
VOTE
Balmer
Bradford
Casso
Kerr A.
Liston
Middleton
Priola
Soper
Stephens
Gagliardi
Rice
Not Final YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection

100407AttachA.pdf

10:48 AM

Representative Sonnenberg gave a closing remark to the bill.

BILL:SB10-166
TIME: 10:48:53 AM
MOVED:Soper
MOTION:Moved to refer Senate Bill 10-166, as amended, to the Committee of the Whole. The motion passed 11-0.
SECONDED:Priola
VOTE
Balmer
Yes
Bradford
Yes
Casso
Yes
Kerr A.
Yes
Liston
Yes
Middleton
Yes
Priola
Yes
Soper
Yes
Stephens
Yes
Gagliardi
Yes
Rice
Yes
Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS