Bill Summary for Bill Number SB05-039

Final
BILL SUMMARY for SB05-039

HOUSE COMMITTEE ON FINANCE

Votes:

Action Taken:

Refer SB 05-039 to the Committee on Appropriations

PASS

04:01 PM -- Senate Bill 05-039 - Concerning the Administration of the Petroleum Storage Tank Fund

Representative Marshall, prime sponsor, explained the provisions of the bill. She explained Senate Bill 05-039 declares the Petroleum Storage Tank Fund (PSTF) to be an enterprise fund exempt from TABOR limits. The bill also allows the executive director of the Department of Labor and Employment to issue bonds and changes the liability limits and fee structure of the Fund.

The following persons testified:

04:03 PM -- Mr. Dick Piper, Department of Labor and Employment, Division of Public Safety, discussed the administration of the fund and commented on the sites that are cleaned-up by the fund. Mr. Piper mentioned that the average cost for site reclamation is about $175,000.

04:10 PM -- Mr. Roy Turner, Colorado Petroleum Marketers Association, testified in support of the legislation.


BILL:	SB05-039
TIME:	04:11:43 PM
MOVED:	Marshall
MOTION:	Refer SB 05-039 to the Committee on Appropriations. The motion passed on a 12-1-0 vote.
SECONDED:	McCluskey
		VOTE
	Benefield	Yes
	Cloer	Yes
	Crane	Yes
	Frangas	Yes
	Garcia	No
	Jahn	Yes
	Marshall	Yes
	Massey	Yes
	May M.	Yes
	McCluskey	Yes
	Witwer	Yes
	Judd	Yes
	Vigil	Yes
Final YES: 12 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS

04:13 PM

Adjourn.