Date: 04/29/2015

Final
BILL SUMMARY for HB15-1109

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Refer House Bill 15-1109 to the Committee on Appro





01:40 PM -- HB15-1109

Representative Court, chair, called the meeting to order. Representative DelGrosso, sponsor, introduced House Bill 15-1109. The bill lengthens the five-year block of statutory transfers from the General Fund to the Highway Users Tax Fund (HUTF) and the Capital Construction Fund (CCF), in the event that once or more year(s) of transfers are reduced or not made because of a revenue surplus under Article X, Section 20, of the Colorado Constitution, known as the Taxpayer's Bill of Rights (TABOR). For each year in which transfers are reduced or not made, an additional year of transfers is required, in which 2 percent of General Fund revenue must be transferred to the HUTF, and 1 percent of the General Fund revenue must be transferred to the CCF. As in current law, transfers created in the bill may be reduced or not made because of the size of the TABOR surplus. The schedule of transfers is extended until five years of full transfers have taken place. Committee discussion ensued regarding the history of transportation funding in Colorado. Representative Court distributed a handout on the history of General Fund transfers to transportation (Attachment A).

15HouseFin0429AttachA.pdf15HouseFin0429AttachA.pdf

02:00 PM -- Mr. Michael Gifford, representing the Association of General Contractors Colorado, testified in support of the bill. He discussed the need for transportation funding.

02:03 PM -- Mr. RJ Hicks, representing GreenCo, testified in support of the bill. He discussed the history of SB09-228 transfers.

02:08 PM -- Mr. Greg Fulton, representing the Colorado Motor Carriers Association, testified in support of the bill.

02:15 PM -- Mr. Tony Milo, representing the Colorado Contractors Association, testified in support of the bill.

02:17 PM -- Mr. Andy Karsian, representing the Colorado Department of Transportation, testified in support of the bill. He noted the importance of steady funding for transportation projects in Colorado.


02:29 PM

The bill was laid over until April 30, 2015, upon adjournment.