House Committee on Finance (03/03/2009)

Final
STAFF SUMMARY OF MEETING

HOUSE COMMITTEE ON FINANCE

Date:	03/03/2009	ATTENDANCE

Time:	09:51 AM to 10:13 AM	Apuan	X
		Benefield	X
Place:	LSB A	Gerou	X
		Kefalas	X
This Meeting was called to order by		Kerr A.	*
	Representative Judd	Lambert	X
		Roberts	X
This Report was prepared by		Summers	X
	Ron Kirk	Swalm	*
		Frangas	X
		Judd	X
		X = Present, E = Excused, A = Absent, * = Present after roll call

Bills Addressed:		Action Taken:
SB09-096 SB09-041		Referred to the Committee of the Whole Referred to the Committee of the Whole

09:51 AM -- Senate Bill 09-096 - Concerning Capital Construction Projects

Representative Sonnenberg, prime sponsor, explained that Senate Bill 09-096 is sponsored by the Capital Development Committee. It exempts both federally-funded and a combination of cash- and federally-funded capital construction projects at institutions of higher education from the requirement that a contract be executed and encumbered within 6 months after the date of the appropriation. After a brief committee discussion, the bill was placed on the table for action.

09:52 AM


BILL:	SB09-096
TIME:	09:52:18 AM
MOVED:	Summers
MOTION:	Refer Senate Bill 09-096 to the Committee of the Whole. The motion passed on a 9-0 vote.
SECONDED:	Kefalas
		VOTE
	Apuan	Yes
	Benefield	Yes
	Gerou	Yes
	Kefalas	Yes
	Kerr A.	Excused
	Lambert	Yes
	Roberts	Yes
	Summers	Yes
	Swalm	Excused
	Frangas	Yes
	Judd	Yes

Final YES: 9 NO: 0 EXC: 2 ABS: 0 FINAL ACTION: PASS

09:53 AM -- Senate Bill 09-041 - Concerning the Private Activity Bond Ceiling Allocation Act

Representative Vigil, prime sponsor, explained that Senate Bill 09-041 authorizes the Department of Local Affairs to charge an administrative fee to entities that receive direct allocations of bonding authority as part of the Private Activity Bond (PAB) Ceiling Allocation Act. The bill also allows the department to contract with a private person, corporation, or entity for the administration of the program. Finally, the bill makes changes to certain deadlines for allocation and reporting requirements regarding the program.

The following persons testified:

09:55 AM -- Mr. Bruce Eisenhauer, Department of Local Affairs, responded to committee questions.

09:57 AM -- Ms. Ann Watts, Department of Local Affairs, Division of Housing, responded to committee questions.


BILL:	SB09-041
TIME:	10:12:12 AM
MOVED:	Kefalas
MOTION:	Refer Senate Bill 09-041 to the Committee of the Whole. The motion passed on a 11-0 vote.
SECONDED:	Benefield
		VOTE
	Apuan	Yes
	Benefield	Yes
	Gerou	Yes
	Kefalas	Yes
	Kerr A.	Yes
	Lambert	Yes
	Roberts	Yes
	Summers	Yes
	Swalm	Yes
	Frangas	Yes
	Judd	Yes

Final YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

10:13 AM

Adjourn.