Date: 05/07/2012

Final
BILL SUMMARY for HB12-1357

SENATE COMMITTEE ON AGRICULTURE, NATURAL RESOURCES, AND ENERGY

Votes: View--> Action Taken:
Moved to refer HB 12-1357 to the Committee of the PASS



05:43 PM -- House Bill 12-1357

Senator Renfroe, sponsor, described the provisions of House Bill 1357 that was recommended by the Capital Development Committee (CDC). The reengrossed bill makes provisions for the use of unspent moneys for capital construction projects financed in whole or in part through a 2008 issuance of certificates of participation (COPs). The bill directs that a certificate of completion be submitted for each financed project no later than August 1, 2012. The bill permits the transfer of a proportion of the unspent cash funds contributed for projects at two institutions of higher education within 30 days of receipt of a certificate of completion. The bill directs the CDC to determine how the remaining unspent moneys should be spent, so long as the moneys are spent for a capital construction or eligible controlled maintenance project or projects at a state-supported institution of higher education.

There was no testimony on the bill:

BILL:HB12-1357
TIME: 05:46:48 PM
MOVED:Tochtrop
MOTION:Moved to refer HB 12-1357 to the Committee of the Whole, unamended, and with a recommendation that it be added to the consent calendar. The motion passed on a vote of 6-0.
SECONDED:
VOTE
Brophy
Yes
Carroll
Yes
Giron
Yes
Grantham
Excused
Harvey
Yes
Tochtrop
Yes
Schwartz
Yes
Final YES: 6 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS




05:48 PM

The committee adjourned.