Date: 04/24/2009

Final
BILL SUMMARY for HB09-1363

HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR

Votes: View--> Action Taken:
Moved amendment L.001 (Attachment B). The motion
Moved to refer House Bill 09-1363, as amended, to 		Pass Without Objection
PASS



01:16 PM -- House Bill 09-1363

Representative Ferrandino, prime sponsor, presented House Bill 09-1363 concerning the authority for the Unemployment Compensation Section of the Division of Employment and Training in the Department of Labor and Employment to operate as an enterprise for purposes of Section 20 of Article X of the State Constitution. This bill establishes the Unemployment Compensation Section in the Department of Labor and Employment as an enterprise as long as the section retains authority to issue revenue bonds and receives less than 10 percent of its total annual revenue from state and local grants. As an enterprise, revenue collected by the section will not be subject to Section 20 of Article X (TABOR) of the state constitution. Employers are required to pay premiums, premium surcharges, and a solvency surcharge, when applicable, instead of taxes, to fund the unemployment compensation benefit system. Representative Ferrandino distributed a chart that shows the percent change in trust fund revenues since 1995 (Attachment A).

09HouseBus0424AttachA.pdf

01:21 PM

Wayne Peel, Chief Financial Officer, Colorado Department of Labor and Employment, testified in support of the bill. He said the bill will ensure that the Unemployment Insurance Fund (UI Fund) will not interact with the state's General Fund. He explained that the bill does not change the current requirement that the moneys in the UI Fund can only be used for unemployment insurance benefits. Mr. Peel responded to questions from the committee and was asked to explain the bonding authority specified in the bill. Mr. Peel explained that the department already has that power. He also explained amendment L.001 (Attachment B).

09HouseBus0424AttachB.pdf

01:26 PM -- Kathy White, representing the Colorado Fiscal Policy Institute, testified in support of the bill and said that Mr. Peel had covered the points she wanted to make.

01:26 PM -- Rich Jones, representing the Bell Policy Center, testified in support of the bill and said that Mr. Peel had covered the points he wanted to make.
BILL:HB09-1363
TIME: 01:27:44 PM
MOVED:Casso
MOTION:Moved amendment L.001 (Attachment B). The motion passed without objection.
SECONDED:Soper
VOTE
Balmer
Bradford
Gagliardi
Liston
Priola
Ryden
Scanlan
Soper
Stephens
Casso
Rice
Not Final YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:HB09-1363
TIME: 01:30:07 PM
MOVED:Soper
MOTION:Moved to refer House Bill 09-1363, as amended, to the Committee of the Whole. The motion passed 6-5.
SECONDED:Gagliardi
VOTE
Balmer
No
Bradford
No
Gagliardi
Yes
Liston
No
Priola
No
Ryden
Yes
Scanlan
Yes
Soper
Yes
Stephens
No
Casso
Yes
Rice
Yes
Final YES: 6 NO: 5 EXC: 0 ABS: 0 FINAL ACTION: PASS