Date: 04/03/2014

Final
BILL SUMMARY for HB14-1334

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Refer House Bill 14-1334 to the Committee on ApproPASS



01:22 PM -- HB14-1334

Representative Hamner came to the table to present House Bill 14-1334. She explained that it specifies that revenue in the Petroleum Cleanup and Redevelopment Fund is exempt from the cash fund uncommitted reserves limit imposed by current law, and continuously appropriates revenue in the fund to the Division of Oil and Public Safety within the Department of Labor and Employment (CDLE). She responded to questions on the fund's expenditures, and what will happen to current funds if the bill does not pass.

01:27 PM -- Grier Baily, representing the Colorado Wyoming Petroleum Marketers Association, and Mahesh Albuquerque, representing the Division of Oil and Public Safety within the CDLE, spoke in favor of the bill. Mr. Albuquerque outlined how the bill will assist the division in its work, and said that it will provide it with continuous spending authority. Mr. Baily stated that the bill has the full support of the petroleum industry, which was involved in the drafting process. He responded to a question on other state funds that receive continuous appropriations. Committee discussion ensued.


01:32 PM

The committee discussed the merits of the bill.
BILL:HB14-1334
TIME: 01:36:01 PM
MOVED:DelGrosso
MOTION:Refer House Bill 14-1334 to the Committee on Appropriations. The motion passed on a vote of 10-2, with 1 member excused.
SECONDED:Priola
VOTE
Becker
Yes
DelGrosso
Yes
Foote
Yes
Joshi
No
Kagan
Excused
Melton
Yes
Pabon
Yes
Priola
Yes
Saine
No
Swalm
Yes
Wilson
Yes
Labuda
Yes
Court
Yes
YES: 10 NO: 2 EXC: 1 ABS: 0 FINAL ACTION: PASS


01:37 PM

The committee adjourned.