Date: 05/05/2006

Final
BILL SUMMARY for HB06-1050

SENATE COMMITTEE ON STATE, VETERANS & MILITARY AFFAIRS

Votes: View--> Action Taken:
Moved a conceptual amendment to decrease the 2/3 v
Moved a conceptual amendment to strike the bill ex
Moved to postpone House Bill 06-1050 indefinitely.
Refer House Bill 06-1050 to the Committee on Appro		Pass Without Objection
FAIL
PASS
FAIL


07:35 AM -- Call to Order

Senator Tupa, chairman, called the committee to order.

07:35 AM -- House Bill 06-1050

Senator Sandoval, prime sponsor, reviewed the provisions of House Bill 06-1050, concerning the creation of a budget stabilization fund, and, in connection therewith, requiring the appropriation of general fund moneys and the crediting of portions of General Fund surplus and tobacco settlement moneys to the Budget Stabilization Fund under specified circumstances and allowing appropriations from the budget stabilization fund under specified circumstances. Senator Sandoval responded to questions from the committee regarding the funding structure of this program. Senator Johnson asked how this proposal works with the reserve fund Colorado has currently.

07:48 AM

The committee discussed when it is advisable to spend moneys out of the proposed "rainy day fund", and the vote requirement to do so. Further, the committee discussed concerns about the source of funding for the fund.

BILL:HB06-1050
TIME: 07:54:20 AM
MOVED:Tupa
MOTION:Moved a conceptual amendment to strike the bill except for portions that set up the fund and the $5 million off-the-top provisions. Jason Schrock, Legislative Council Staff, explained how this conceptual amendment would impact the bill. The motion failed on a 2-5 roll call vote.
SECONDED:
VOTE
Fitz-Gerald
No
Johnson
No
Lamborn
No
May R.
No
Windels
No
Groff
Yes
Tupa
Yes
Not Final YES: 2 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: FAIL
















BILL:HB06-1050
TIME: 07:57:48 AM
MOVED:Groff
MOTION:Moved a conceptual amendment to decrease the 2/3 vote requirement to a 3/5 vote requirement. The motion passed without objections.
SECONDED:
VOTE
Fitz-Gerald
Johnson
Lamborn
May R.
Windels
Groff
Tupa
Not Final YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection

BILL:HB06-1050
TIME: 07:58:22 AM
MOVED:Tupa
MOTION:Refer House Bill 06-1050 to the Committee on Appropriations. The motion failed on a 1-6 roll call vote.
SECONDED:
VOTE
Fitz-Gerald
No
Johnson
No
Lamborn
No
May R.
No
Windels
No
Groff
No
Tupa
Yes
Not Final YES: 1 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: FAIL



BILL:HB06-1050
TIME: 07:58:49 AM
MOVED:Groff
MOTION:Moved to postpone House Bill 06-1050 indefinitely. The motion passed on a 5-2 roll call vote.
SECONDED:
VOTE
Fitz-Gerald
Yes
Johnson
Yes
Lamborn
Yes
May R.
Yes
Windels
Yes
Groff
No
Tupa
No
Final YES: 5 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS