Bill Summary for Bill Number HB06-1322

Date: 02/22/2006

Final
BILL SUMMARY for HB06-1322

HOUSE COMMITTEE ON FINANCE

Votes: View-->	Action Taken:
Moved a conceptual amendment that would allow rema Moved amendment L.003 ( the amendment broadens the Refer House Bill 06-1322, as amended, to the Commi	Pass Without Objection Pass Without Objection PASS

07:27 PM -- House Bill 06-1322 - Concerning Clean Energy Resources and Severance Taxes

Representative Buescher, prime sponsor, explained that House Bill 06-1322 creates the Clean Energy Development Fund, transfers $6.0 million to it for FY 2005-06 through FY 2007-08, and specifies how the Governor's Office of Energy Management and Conservation will spend it. The $6.0 million shall be transferred from the operational account of the Severance Tax Trust Fund. Representative Buescher said that the intention is to use the money to help support the research and development of advanced clean oil technologies, renewable energy, and energy conservation.

The following persons testified:

07:34 PM -- Mr. Fred Stoffel, Xcel Energy, testified in support of the legislation.

07:38 PM -- Ms. Dianne Orf, Colorado Mining Association, testified in support of the bill. Ms. Orf said that the legislation uses money from the severance tax fund in the spirit that it was intended. The amendment expands the types of projects that can be completed under the legislation.

07:39 PM -- Mr. Michael Bowman, National Agriculture Alliance, testified in support of the bill.

Representative Buescher distributed amendment L.003 (Attachment C) and explained that it broadens the provisions that apply to allowable projects under the bill.


BILL:	HB06-1322
TIME:	07:40:42 PM
MOVED:	Cloer
MOTION:	Moved amendment L.003 ( the amendment broadens the provisions that apply to allowable projects under the bill). The motion passed without objection by those members present.
SECONDED:	McCluskey
		VOTE
	Benefield
	Cloer
	Crane
	Frangas
	Garcia
	Harvey
	Jahn
	Kerr
	Marshall
	Massey	Excused
	McCluskey
	Judd
	Vigil
Not Final YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:	HB06-1322
TIME:	07:41:57 PM
MOVED:	Garcia
MOTION:	Moved a conceptual amendment that would allow remaining funds under the bill to revert back to the Operational Account of the Severance Tax Fund rather than the General Fund. The motion passed without objection by those members present.
SECONDED:	Cloer
		VOTE
	Benefield
	Cloer
	Crane
	Frangas
	Garcia
	Harvey
	Jahn
	Kerr
	Marshall
	Massey	Excused
	McCluskey
	Judd
	Vigil
Not Final YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:	HB06-1322
TIME:	07:42:35 PM
MOVED:	Cloer
MOTION:	Refer House Bill 06-1322, as amended, to the Committee on Appropriations. The motion passed on a 12-0-1 vote.
SECONDED:	Benefield
		VOTE
	Benefield	Yes
	Cloer	Yes
	Crane	Yes
	Frangas	Yes
	Garcia	Yes
	Harvey	Yes
	Jahn	Yes
	Kerr	Yes
	Marshall	Yes
	Massey	Excused
	McCluskey	Yes
	Judd	Yes
	Vigil	Yes
Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS