Date: 03/03/2009

Final
BILL SUMMARY for SB09-041

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Refer Senate Bill 09-041 to the Committee of the WPASS



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.