Date: 04/18/2012

Final
BILL SUMMARY for SB12-150

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Refer Senate Bill 12-150 to the Committee on ApproPASS



02:59 PM -- Senate Bill 12-150 - Concerning Investments by the State Treasurer

Representative Sonnenberg, prime sponsor, presented Senate Bill 12-150, and distributed a handout on the bill (Attachment C). He noted that the bill seeks to better manage the state's public investment process tied to financial obligations. Representative Sonnenberg noted that it is important to look at ways to ensure that Colorado has a good credit rating. He continued by noting that stability and structure are vital to maintaining the state's strong credit rating.

HseFin0418AttachC.pdf

 The following person testified:

03:02 PM -- Mr. Brett Johnson, Deputy State Treasurer, came to the table to answer questions. He explained that the bill creates a centralized point of contact for management of Certificates of Participation (COPs) and capital leases.
BILL:SB12-150
TIME: 03:17:25 PM
MOVED:Acree
MOTION:Refer Senate Bill 12-150 to the Committee on Appropriations. The motion passed on a vote of 12-0, with 1 member excused.
SECONDED:Beezley
VOTE
Acree
Yes
Beezley
Yes
Conti
Yes
Holbert
Yes
Hullinghorst
Yes
Kagan
Yes
Kefalas
Yes
Labuda
Yes
McCann
Yes
Pabon
Excused
Swalm
Yes
Swerdfeger
Yes
DelGrosso
Yes
Final YES: 12 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS