Final
STAFF SUMMARY OF MEETING
HOUSE
COMMITTEE ON
FINANCE
Date:
04/29/2005
ATTENDANCE
Time:
11:49 AM
to
01:25 PM
Benefield
X
Cloer
X
Place:
HCR 0107
Crane
X
Frangas
X
This Meeting was called to order by
Garcia
X
Representative
Vigil
Jahn
X
Marshall
X
This Report was prepared by
Massey
X
Ron Kirk
May M.
X
McCluskey
X
Witwer
X
Judd
X
Vigil
X
X = Present, E = Excused, A = Absent, * = Present after roll call
Bills Addressed:
Action Taken:
HB05-1350
SB05-222
HB05-1329
HB05-1333
Amended, Referred to the Committee of the Whole
Referred to the Committee of the Whole
Referred to the Committee of the Whole
Referred to the Committee of the Whole
11:50 AM -- House Bill 05-1350 - Concerning the General Fund Exempt Account
Representative Romanoff, prime sponsor, explained the provisions of House Bill 05-1350. Representative Romanoff explained that should House Bill 05-1194 be approved by voters in the November 2005, General Election, House Bill 05-1350 would specify how moneys from House Bill 05-1194 would be appropriated or spent for specific purposes enumerated in House Bill 05-1350. The committee briefly discussed the spending purposes in House Bill 05-1350. Representative Romanoff distributed amendment L.002 (Attachment A) to committee members and explained the amendment as a technical change that would clarify language pertaining to institutions of higher education.
BILL:
HB05-1350
TIME:
11:52:00 AM
MOVED:
Vigil
MOTION:
Moved to amend page 3, line 11, after "TWENTY-FIVE", add "MILLION" (technical omission). The motion passed without objection by those members present.
SECONDED:
Judd
VOTE
Benefield
Cloer
Crane
Frangas
Garcia
Jahn
Marshall
Massey
May M.
McCluskey
Witwer
Judd
Vigil
Not Final YES:
0
NO:
0
EXC:
0
ABS:
0
FINAL ACTION:
Pass Without Objection
BILL:
HB05-1350
TIME:
11:52:41 AM
MOVED:
Vigil
MOTION:
Moved amendment L.002 (the amendment clarifies provisions pertaining to colleges and other institutions of higher education). The motion passed without objection by those members present.
SECONDED:
Judd
VOTE
Benefield
Cloer
Crane
Frangas
Garcia
Jahn
Marshall
Massey
May M.
McCluskey
Witwer
Judd
Vigil
Not Final YES:
0
NO:
0
EXC:
0
ABS:
0
FINAL ACTION:
Pass Without Objection
BILL:
HB05-1350
TIME:
11:53:32 AM
MOVED:
Garcia
MOTION:
Refer HB 05-1350, as amended, to the Committee of the Whole. The motion passed on a 8-5-0 vote.
SECONDED:
Marshall
VOTE
Benefield
Yes
Cloer
No
Crane
No
Frangas
Yes
Garcia
Yes
Jahn
Yes
Marshall
Yes
Massey
Yes
May M.
No
McCluskey
No
Witwer
No
Judd
Yes
Vigil
Yes
Not Final YES:
8
NO:
5
EXC:
0
ABS:
0
FINAL ACTION:
PASS
12:05 PM -- Senate Bill 05-222 - Concerning Gasoline and Special Fuel Taxes
Representative Larson, prime sponsor, explained the provisions of the bill. Representative Larson commented that Senate Bill 05-222 requires both special fuel and gasoline to be taxed by the gallon and provides each type of fuel the same allowances for losses in transit and costs of collection. The bill also requires fuel taxes to be remitted electronically, one day later than required by current law.
The following persons testified:
12:10 PM --
Mr. Bruce Nelson, Colorado Department of Revenue, testified in support of the legislation and discussed the administration of the gasoline and special fuel tax.
12:11 PM --
Mr. Roy Turner, Colorado - Wyoming Petroleum Marketers Association, testified in support of the legislation and distributed a letter of support (Attachment B) from the association to the members.
BILL:
SB05-222
TIME:
12:12:58 PM
MOVED:
Judd
MOTION:
Refer SB 05-222 to the Committee of the Whole. The motion passed on a 10-1-2 vote.
SECONDED:
Marshall
VOTE
Benefield
Yes
Cloer
No
Crane
Yes
Frangas
Yes
Garcia
Excused
Jahn
Excused
Marshall
Yes
Massey
Yes
May M.
Yes
McCluskey
Yes
Witwer
Yes
Judd
Yes
Vigil
Yes
Final YES:
10
NO:
1
EXC:
2
ABS:
0
FINAL ACTION:
PASS
12:16 PM -- House Bill 05-1329
Representative Plant, prime sponsor, distributed a packet of materials on the legislation (Attachment C) and explained the provisions of the bill. The committee engaged in a discussion on fire safety issues as they apply to the bill.
The following persons testified:
12:30 PM --
Ms. JoAnn Groff, Colorado Retail Council, testified in opposition toward the measure. Ms. Groff commented that there may be concerns that some company-brands of cigarettes may not be able to obtain the fireproof paper as easily as other company brands.
12:32 PM --
Mr. Wilson Croom, Colorado Association of Distributors, testified in opposition toward the bill. The committee briefly discussed the ability of cigarette manufacturers to use the fireproof paper while remaining competitive.
12:40 PM --
Mr. Stan Dempsey, Colorado Petroleum Association, testified in opposition toward the bill and commented on the potential of a black market for cigarettes to emerge in the state.
12:44 PM --
Mr. Roy Turner, Colorado Petroleum Marketers, testified in opposition toward the bill.
12:46 PM --
Mr. Paul Cooke, Colorado Division of Fire Safety, responded to committee questions.
12:50 PM --
Mr. Justin Domblowski, Boulder Fire Department, testified in support of the legislation.
12:55 PM --
Mr. Kevin Klein, Colorado Fire Chiefs, testified in support of the measure and commented that this legislation addresses a public safety issue and can work to decrease the chances of unwanted fires.
BILL:
HB05-1329
TIME:
12:59:06 PM
MOVED:
Judd
MOTION:
Refer HB 05-1329 to the Committee of the Whole. The motion passed on a 8-5-0 vote.
SECONDED:
Marshall
VOTE
Benefield
Yes
Cloer
No
Crane
Yes
Frangas
Yes
Garcia
Yes
Jahn
Yes
Marshall
Yes
Massey
No
May M.
No
McCluskey
No
Witwer
Yes
Judd
Yes
Vigil
No
Final YES:
8
NO:
5
EXC:
0
ABS:
0
FINAL ACTION:
PASS
01:10 PM -- House Bill 05-1333 - Concerning the Critical Needs Financing Corporation
(This bill was referred back to the House Finance Committee during the third-reading House debate on April 29 to allow the committee to discuss the need for a rainy-day fund for purposes of meeting state bond obligations during a future economic downturn.)
Representative Buescher, prime sponsor, explained the provisions of the bill and commented that a rainy day fund was not needed for purposes of meeting state bond obligations during a future economic downturn. Representative Buescher asked that testimony be heard from the Office of State Planning and Budgeting to address this issue.
The following persons testified;
01:11 PM --
Mr. Henry Sobanet, Director of the Office of State Planning and Budgeting, responded to committee questions and commented that if the state experiences an economic downturn in the future, for purposes of meeting bonding obligations under House Bill 05-1333, the state could use HUTF funds or moneys from securitizing tobacco moneys in place of a rainy day fund.
01:18 PM --
Mr. J.J. Ament, City Group Global Markets, responded to committee questions and questioned whether an additional reserve fund (rainy day fund) is needed for the state to ensure against any future economic downturn for purposes of paying future bond obligations.
BILL:
HB05-1333
TIME:
01:23:17 PM
MOVED:
Frangas
MOTION:
Refer HB 05-1333 to the Committee of the Whole. The motion passed on a 11-2-0 vote.
SECONDED:
Judd
VOTE
Benefield
Yes
Cloer
Yes
Crane
No
Frangas
Yes
Garcia
Yes
Jahn
Yes
Marshall
Yes
Massey
Yes
May M.
No
McCluskey
Yes
Witwer
Yes
Judd
Yes
Vigil
Yes
Final YES:
11
NO:
2
EXC:
0
ABS:
0
FINAL ACTION:
PASS
01:25 PM
Adjourn.