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Comm Summary01:38 PM05:30 PMFinal
Bill Summary Final
Moved amendment L.004. (Rather than selling as much of Colorado's future tobacco master settlement payments as is financially feasible, L.004 sells a portion of the state's future payments. In particular, L.004 sells all but an annual amount of $70 million. In order to maximize the return to the state, L.004 specifies that the least risky portion of each year's payment be pledged to the sale and eliminates the limit on the term of securitization.) The motion passed without objection by those members present. Representative Vigil, Chairman, took the bill off the table to allow the committee to hear testimony on the remaining rainy day fund bills. All rainy day fund bills will be heard "for action only" on a future date determined by the Chairman of the House Finance Committee. Final
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