Date: 03/11/2015

Final
BILL SUMMARY for HB15-1262

HOUSE COMMITTEE ON LOCAL GOVERNMENT

Votes: View--> Action Taken:
Adopt amendment L.001 (Attachment C). The motion p
Refer House Bill 15-1262, as amended, to the Commi		Pass Without Objection
PASS



01:59 PM -- HB15-1262

Representative Rosenthal, sponsor, presented and summarized House Bill 15-1262 concerning separate legal entities established by a contract between two or more political subdivisions of the state, and, in connection therewith, clarifying the legal status and scope of powers of such entity. The bill clarifies that a separate legal entity established by a contract between two or more counties, municipalities, special districts, or other political subdivisions of the state: is a political subdivision and public corporation of the state and is separate from the parties to the contract if the contract or an amendment state the entity is formed in conformity with the provisions of the bill; may exercise any general power of a special district as provided by the contract, except it may not levy a tax or exercise the power of eminent domain; may issue bonds, notes, or other financial obligations that are exempt from taxation; and may acquire, lease, and sell property.

Representative Rosenthal distributed and summarized Amendment L.001 (Attachment C).

15HouseLocal0311AttachC.pdf15HouseLocal0311AttachC.pdf

02:04 PM -- MaryAnn McGeady, representing McGeady Sisneros, P.C., spoke in favor of the bill. She provided an overview of the bill regarding separate legal entities, the issuance of bonds, and tax exempt debt.

Ms. McGeady answered questions from the committee regarding debt from local government entities.

Representative Klingenschmitt and Ms. MeGeady continued to discuss debt in relation to the Taxpayer Bill of Rights (TABOR).

Ms. MeGeady provided an overview of amendment L.001.
BILL:HB15-1262
TIME: 02:14:30 PM
MOVED:Rosenthal
MOTION:Adopt amendment L.001 (Attachment C). The motion passed without objection.
SECONDED:Lebsock
VOTE
Arndt
Danielson
Keyser
Excused
Klingenschmitt
Navarro
Ransom
Rosenthal
Saine
Singer
Lebsock
Fields
YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


Representative Rosenthal provided closing comments on the bill.
BILL:HB15-1262
TIME: 02:17:43 PM
MOVED:Rosenthal
MOTION:Refer House Bill 15-1262, as amended, to the Committee of the Whole. The motion passed on a vote of 9-0.
SECONDED:Arndt
VOTE
Arndt
Yes
Danielson
Yes
Keyser
Excused
Klingenschmitt
Yes
Navarro
Yes
Ransom
Yes
Rosenthal
Yes
Saine
Excused
Singer
Yes
Lebsock
Yes
Fields
Yes
YES: 9 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS



02:19 PM

The committee adjourned.