Bill Summary for Bill Number SB05-041

Final
BILL SUMMARY for SB05-041

HOUSE COMMITTEE ON FINANCE

Votes:

Action Taken:

Refer Senate Bill 05-041, to the Committee of the

PASS

02:15 PM -- Senate Bill 05-041 - Concerning the Allocation of Moneys from the Highway Users Tax Fund

Representative Coleman, prime sponsor, explained the provisions of the bill. She explained the bill codifies the existing allocation methodology used by the State Treasurer for the Highway Users Tax Fund (HUTF) from various sources.

The following person testified:

02:20 PM -- Mr. Ben Stein, Deputy State Treasurer, distributed a report from the State Auditor on the Highway Users Tax Fund (Attachment A) and responded to questions regarding fund allocations. Mr. Stein commented that Senate Bill 05-041 addresses a Legislative Audit Committee recommendation. Mr. Stein closed by discussing the current law distribution of revenues from the HUTF to local governments.


BILL:	SB05-041
TIME:	02:32:29 PM
MOVED:	Marshall
MOTION:	Refer Senate Bill 05-041, to the Committee of the Whole. The motion passed on a 12-1-0 vote.
SECONDED:	Jahn
		VOTE
	Benefield	Yes
	Cloer	No
	Crane	Yes
	Frangas	Yes
	Garcia	Yes
	Jahn	Yes
	Marshall	Yes
	Massey	Yes
	May M.	Yes
	McCluskey	Yes
	Witwer	Yes
	Judd	Yes
	Vigil	Yes
Final YES: 12 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS

02:38 PM

Adjourn.