Date: 01/24/2006

Final
BILL SUMMARY for HB06-1059

HOUSE COMMITTEE ON LOCAL GOVERNMENT

Votes: View--> Action Taken:
Refer HB 06-1059 to the Committee of the Whole. TPASS


02:23 PM -- House Bill 06-1059

Representative Riesberg, bill sponsor, provided an explanation of the bill's provisions making changes to the Fire and Police Pension Association's (FPPA) defined benefit system reporting requirements. The bill clarifies reporting requirements in order to conform to Internal Revenue Service requirements. The bill also changes the classification of FPPA assets by separating these assets into investment funds and trust funds for more efficient financial reporting.


02:29 PM

Kevin Lindahl, Fire and Police Pension Association, spoke in support of the bill and was available for questions.
BILL:HB06-1059
TIME: 02:30:25 PM
MOVED:Soper
MOTION:Refer HB 06-1059 to the Committee of the Whole. The motion carried on a 10-0-1 roll call vote.
SECONDED:Cerbo
VOTE
Berens
Yes
Cerbo
Yes
Curry
Yes
Decker
Yes
Massey
Yes
May M.
Yes
Merrifield
Excused
Soper
Yes
Stafford
Yes
Lindstrom
Yes
Hodge
Yes
Final YES: 10 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS