Date: 03/11/2015

Final
BILL SUMMARY for HB15-1245

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Refer House Bill 15-1245 to the Committee of the WPASS



01:34 PM -- HB15-1245

Representative Vigil, sponsor, introduced House Bill 15-1245. The bill allows the State Board of Land Commissioners (state land board) to spend up to $1 million from the Investment and Development Fund for certain asset maintenance purposes. Representative Vigil discussed the current appropriation for the state land board and their need for maintenance funds.

01:37 PM -- Mr. Bill Ryan, representing the state land board, testified in support of the bill. He noted that the state land board owns several farm and ranch assets that include fences and barns. He stated that the state land board needs funds from the existing Investment and Development Fund to keep up with maintenance on the lands it oversees.

01:44 PM -- Mr. Tobin Follenweider, representing the state land board, came to the table to answer questions regarding the board's budget. He discussed the details of the board's budget and their various funds.

01:52 PM -- Mr. John Knapp, representing himself, testified in support of the bill. He discussed the drought in Colorado and its effects on the land.

01:54 PM -- Mr. Bruce Caughey, representing Colorado Association of School Executives (CASE) and Children's Land Alliance Supporting Schools (CLASS), testified in support of the bill. He discussed school trust lands.

01:55 PM -- Mr. Ryan returned to the table to answer questions regarding the determination of the $1 million figure. He stated the figure was determined by an analysis of current improvements needed along with incorporating an average depreciation schedule. He noted the state land board's increased emphasis on stewardship.
BILL:HB15-1245
TIME: 02:02:30 PM
MOVED:Court
MOTION:Refer House Bill 15-1245 to the Committee of the Whole. The motion passed on a vote of 10-1.
SECONDED:Becker K.
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Yes
Kagan
Yes
Pabon
Yes
Priola
Yes
Roupe
Yes
Van Winkle
No
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 10 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS