Date: 02/16/2006
Final
Discussion Regarding Senate Bill 06-189
COMMITTEE ON CAPITAL DEVELOPMENT
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08:38 AM
Senator Windels opened a discussion regarding Senate Bill 06-189, concerning the allocation of severance tax receipts. The committee received a handout detailing the severance tax forecast as of December 2005 and the impact of Senate Bill 06-189 on the use of tax receipts (Attachment E). The committee discussed the potential use of severance tax monies for controlled maintenance. Representative Berens referenced a memorandum prepared by Legislative Council Staff, which provides an update on General Fund revenue (Attachment F). Ms. Jennifer Moe, Legislative Council Staff, responded to questions about the memorandum. A discussion ensued regarding the General Fund revenue outlook.
08:50 AM
Ms. Moe explained the process by which capital construction projects have been prioritized in past years. The discussion returned to potential support for, and amendments to, Senate Bill 06-189. A discussion followed regarding funding for controlled maintenance issues and crediting monies to the Controlled Maintenance Trust Fund. Ms. Moe provided clarification regarding appropriating monies from the Controlled Maintenance Trust Fund. Senator McElhany noted the historical use of Controlled Maintenance Trust Fund monies and current controlled maintenance needs. Senator McElhany then discussed capital renewal project needs.
09:00 AM
Mr. Larry Friedberg, State Architect, explained the terms "deferred maintenance," "controlled maintenance," and "capital renewal," and the relationship between these terms. The committee discussed amending Senate Bill 06-189 to divert any applicable revenues to the funding of deferred maintenance projects.
9:02 AM
The committee adjourned.