BILL SUMMARY for HB09-1215
HOUSE COMMITTEE ON FINANCE
|Votes: View--> ||Action Taken: |
|Moved amendment L.001. The motion passed without |
Refer House Bill 09-1215, as amended, to the Commi
|Pass Without Objection|
10:16 AM -- House Bill 09-1215 -- Concerning a State Stabilization Fund
Representative Ferrandino, prime sponsor, distributed amendment L.001 (Attachment A) and a fact-sheet on House Bill 09-1215 (Attachment B) and explained the provisions of the bill. He explained that the bill is recommended by the Joint Budget Committee. It creates the State SSI Stabilization Fund to help the Department of Human Services (DHS) meet the federal target for state spending for assistance to recipients of the federal SSI benefits. The stabilization fund receives moneys recovered by adult assistance programs due to overpayments to recipients.
Representative Ferrandino continued by saying that money in the stabilization fund is continuously appropriated to the DHS. The DHS is required to report annually to the JBC on whether expenditures are made from the stabilization fund, the date and amount of any of expenditures, and the programs for which the expenditures are made. Funds in excess of $1.5 million at the end of any fiscal year are transferred to the General Fund. After a brief committee discussion, the committee heard testimony.
The following person testified:
10:23 AM -- Ms. Jeanette Hensley, Colorado Department of Human Services, responded to questions regarding programs that are administered by the department and impacted by the bill. Ms. Hensley discussed the administration of the State SSI Stabilization Fund. She closed by commenting on the federal target for state spending regarding assistance to recipients of federal SSI benefits.
The bill was placed on the table for action and amendment L.001 was acted upon.
|TIME: || 10:36:56 AM|
|MOTION:||Refer House Bill 09-1215, as amended, to the Committee of the Whole. The motion passed on a 10-1 vote.|
Final YES: 10 NO: 1 EXC: 0 ABS: 0 FINAL ACTION: PASS