Date: 05/05/2015

Final
BILL SUMMARY for HB15-1372

SENATE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Refer House Bill 15-1372 to the Committee on ApproPASS



07:21 AM -- HB15-1372

Senators Balmer and Heath, co-prime sponsors, next presented House Bill 15-1372. The reengrossed bill raises the statutory limit on the rate of Fixed Utility Fund assessments for electric and natural gas utilities to 0.25 percent of gross revenue. The current 0.2 percent assessment limit continues to apply to telecommunications utilities, and assessments collected from telecommunications companies are deposited into a new Telecommunications Utilities Fund.

07:21 AM -- Mr. Doug Dean, representing the Public Utilities Commission, testified in support of the bill. Mr. Dean provided a summary of the available revenue as compared to the amount appropriated from the Fixed Utility Fund since FY 2005-06 (Attachment B).

15SenateFin0505AttachB.pdf15SenateFin0505AttachB.pdf
BILL:HB15-1372
TIME: 07:25:08 AM
MOVED:Holbert
MOTION:Refer House Bill 15-1372 to the Committee on Appropriations. The motion passed on a vote of 5-0.
SECONDED:
VOTE
Holbert
Yes
Johnston
Yes
Kerr
Yes
Hill
Yes
Neville T.
Yes
Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS