House Committee on Finance (04/18/2013)

Final
STAFF SUMMARY OF MEETING

HOUSE COMMITTEE ON FINANCE

Date:	04/18/2013	ATTENDANCE

Time:	12:06 PM to 02:30 PM	DelGrosso	X
		Foote	X
Place:	LSB A	Joshi	X
		Kagan	X
This Meeting was called to order by		May	X
	Representative Court	Melton	X
		Pabon	X
This Report was prepared by		Priola	X
	Ron Kirk	Saine	X
		Swalm	X
		Wilson	X
		Labuda	X
		Court	X
		X = Present, E = Excused, A = Absent, * = Present after roll call

Bills Addressed:		Action Taken:
HB13-1305 HB13-1297 HB13-1292 HB13-1251		Amended, Referred to Appropriations Amended, Referred to the Committee of the Whole Referred to Appropriations Referred to Appropriations

12:06 PM -- House Bill 13-1305 - Concerning the Master Settlement Tobacco Settlement

Representative Gerou and Representative Levy, prime sponsors, explained the provisions of the bill. Representative Levy began by distributing a Joint Budget Committee (JBC) fact sheet (Attachment A) and Amendment L.001 (Attachment B) to committee members. Representative Gerou noted that as a JBC bill, House Bill 13-1305 authorizes the Governor to order the State Treasurer to transfer up to $40 million from the General Fund to the Tobacco Litigation Settlement Cash Fund, if tobacco litigation settlement moneys are reduced as a result of pending arbitration.

13HseFin0418AttachA.pdf

13HseFin0418AttachB.pdf

After a brief committee discussion, the following action was taken.


BILL:	HB13-1305
TIME:	12:09:00 PM
MOVED:	Court
MOTION:	Moved Amendment L.001. The motion passed without objection.
SECONDED:	Melton
		VOTE
	DelGrosso
	Foote
	Joshi
	Kagan
	May
	Melton
	Pabon
	Priola
	Saine
	Swalm
	Wilson
	Labuda
	Court

YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:	HB13-1305
TIME:	12:09:32 PM
MOVED:	Court
MOTION:	Refer House Bill 13-1305, as amended, to the Committee on Appropriations. The motion passed on a vote of 13-0.
SECONDED:	Kagan
		VOTE
	DelGrosso	Yes
	Foote	Yes
	Joshi	Yes
	Kagan	Yes
	May	Yes
	Melton	Yes
	Pabon	Yes
	Priola	Yes
	Saine	Yes
	Swalm	Yes
	Wilson	Yes
	Labuda	Yes
	Court	Yes

Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

12:10 PM -- House Bill 13-1297 - Concerning Investments Related to Higher Education

Representative McLachlan and Representative Schafer, prime sponsors, explained the provisions of the bill. Representative McLachlan noted that House Bill 13-1297 grants investment authority and fiduciary responsibility for all funds and appropriations to the board of trustees at the Colorado School of Mines (CSM) and the board of trustees at Fort Lewis College. If the boards choose to exercise investment authority, the bill requires that they create an investment advisory committee and a written investment policy.

The committee discussed the rate of return and level of risk that is associated with State Treasury investments as compared to investments that would be authorized under the bill.

The following persons testified:

12:22 PM -- Mr. Peter Han, representing the Colorado School of Mines, testified in support of the bill.

12:23 PM -- Mr. Tom Schilling, representing Fort Lewis College, testified in support of the bill.

12:50 PM -- Mr. Brett Johnson, Deputy State Treasurer, briefly discussed the rate of return and investment risk tied to state investments. He closed by discussing the liquidity issue that requires investments to be available for certain state uses if needed. The committee continued the discussion on investment risk under the bill.


BILL:	HB13-1297
TIME:	12:40:15 PM
MOVED:	Court
MOTION:	Moved Amendment L.001 (Attachment C). The motion passed without objection. 13HseFin0418AttachC.pdf
SECONDED:	Labuda
		VOTE
	DelGrosso
	Foote
	Joshi
	Kagan
	May
	Melton
	Pabon
	Priola
	Saine
	Swalm
	Wilson
	Labuda
	Court

YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:	HB13-1297
TIME:	12:58:53 PM
MOVED:	Court
MOTION:	Refer House Bill 13-1297, as amended, to the Committee of the Whole. The motion passed on a vote of 13-0.
SECONDED:	May
		VOTE
	DelGrosso	Yes
	Foote	Yes
	Joshi	Yes
	Kagan	Yes
	May	Yes
	Melton	Yes
	Pabon	Yes
	Priola	Yes
	Saine	Yes
	Swalm	Yes
	Wilson	Yes
	Labuda	Yes
	Court	Yes

Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

01:01 PM -- House Bill 13-1292 - Concerning Requirements for Government Contracts

Representative Lee and Representative Pabon, prime sponsors, explained the provisions of the bill. Representative Lee noted that House Bill 13-1292 makes changes to contracting requirements for state and local government agencies, including changes to the enforcement of the 80 percent labor law, the preference for resident bidders, the addition of competitive sealed best value bidding, and the modification of disclosure requirements related to outsourcing services, labor, and manufactured goods. It also requires the Public Utilities Commission to consider best value employment metrics in connection with the construction or expansion of generating facilities.

The committee engaged in a discussion about the impacts in the fiscal note and the cost to small businesses. After committee discussion, staff was asked to respond to questions about the fiscal impacts in the bill.

The following persons testified:

01:22 PM -- Ms. Kori Donaldson, Legislative Council Staff fiscal analyst, responded to questions about the fiscal note.

01:49 PM -- Mr. Mark Latimer, representing the Associated Builders and Contractors, Inc., testified in opposition to the bill and spoke about the impacts in the fiscal note.


BILL:	HB13-1292
TIME:	02:00:55 PM
MOVED:	Melton
MOTION:	Refer House Bill 13-1292 to the Committee on Appropriations. The motion passed on a vote of 7-6.
SECONDED:	Labuda
		VOTE
	DelGrosso	No
	Foote	Yes
	Joshi	No
	Kagan	Yes
	May	Yes
	Melton	Yes
	Pabon	Yes
	Priola	No
	Saine	No
	Swalm	No
	Wilson	No
	Labuda	Yes
	Court	Yes

Final YES: 7 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: PASS

02:08 PM -- House Bill 13-1251 - Concerning DNA Collection of Misdemeanor Offenders

Representative Pabon, prime sponsor, explained the provisions of the bill. He noted that currently, an offender convicted of a misdemeanor is only required to provide a sample of his or her genetic material (DNA) for inclusion in the state's database if the offense involved unlawful sexual conduct. He continued by saying that under House Bill 13-1251 the law would require any offender convicted of a class 1 misdemeanor offense on or after July 1, 2013, to provide his or her DNA.

The committee discussed the expenditure impacts in the fiscal note. After a brief discussion, Representative Pabon distributed a revised Legislative Council Staff impact statement (Attachment D) and discussed the changes in the fiscal note. Staff was asked to respond to questions about the fiscal note.

13HseFin0418AttachD.pdf

The following person testified:

02:22 PM -- Ms. Kerry White, Legislative Council Staff fiscal analyst, responded to committee questions.


BILL:	HB13-1251
TIME:	02:27:01 PM
MOVED:	Pabon
MOTION:	Refer House Bill 13-1251 to the Committee on Appropriations. The motion passed on a vote of 8-5.
SECONDED:	Foote
		VOTE
	DelGrosso	No
	Foote	Yes
	Joshi	No
	Kagan	Yes
	May	Yes
	Melton	Yes
	Pabon	Yes
	Priola	No
	Saine	No
	Swalm	Yes
	Wilson	No
	Labuda	Yes
	Court	Yes

Final YES: 8 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS

02:30 PM

The committee adjourned.