Date: 02/04/2009

Final
BILL SUMMARY for HB09-1051

HOUSE COMMITTEE ON FINANCE

Votes: View--> Action Taken:
Moved amendment L.005. The motion passed without
Moved to postpone House Bill 09-1051 indefinitely.
Refer House Bill 09-1051, as amended, to the Commi		Pass Without Objection
PASS
FAIL



11:30 AM -- House Bill 09-1051 - Concerning Federal Mineral Lease (FML) Revenue

Representative Baumgardner, prime sponsor, explained the provisions of the bill and distributed amendment L.005 (Attachment D), a flow chart on FML revenue (Attachment E), and a news article by the sponsor (Attachment F) on the bill to committee members. He explained that from FY 2009-10 through FY 2020-21, this bill, requires that 10 percent of all federal mineral lease (FML) revenue that is currently credited to the Mineral Leasing Fund be instead credited to the newly created County of Origin Construction Cash Fund. The remaining 90 percent is to be credited to the Mineral Leasing Fund, and allocated as specified under current statute.

09HouseFin0204AttachD.pdf 09HouseFin0204AttachE.pdf

09HouseFin0204AttachF.pdf


The following persons testified:

11:36 AM -- Mr. Kevin Bommer, Colorado Municipal League, testified in opposition toward the bill.

11:44 AM -- Mr. Bruce Eisenhauer, Department of Local Affairs, testified in opposition toward the bill. He explained that many local governments would lose funds under this bill that are critical to providing the services that they provide. He closed by urging the committee to oppose the bill.

11:50 AM -- Ms. Mary Wickersham, Office of the State Treasurer, testified in support of the bill and spoke to the distribution of FML revenue. The committee discussed the current severance tax and FML forecast.


11:58 AM

Recess.


01:19 PM

Resume testimony.


01:19 PM -- Mr. Aron Diaz, testified in support of the bill.

01:27 PM -- Ms. Sue Jarrett, representing herself, testified in support of the bill and noted that the taxes that are generated from the oil and gas industry should be used to fund activities within the local areas that the money is generated from. She urged the committee to support the bill.


01:31 PM

The bill was placed on the table for action.
BILL:HB09-1051
TIME: 01:31:35 PM
MOVED:Roberts
MOTION:Moved amendment L.005. The motion passed without objection by those members present.
SECONDED:Lambert
VOTE
Apuan
Benefield
Gerou
Kefalas
Kerr A.
Lambert
Roberts
Summers
Swalm
Frangas
Judd
Not Final YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection


BILL:HB09-1051
TIME: 01:32:54 PM
MOVED:Kefalas
MOTION:Refer House Bill 09-1051, as amended, to the Committee on Appropriations. The motion failed on a 0-10 vote.
SECONDED:Roberts
VOTE
Apuan
No
Benefield
No
Gerou
No
Kefalas
No
Kerr A.
Excused
Lambert
No
Roberts
No
Summers
No
Swalm
No
Frangas
No
Judd
No
Not Final YES: 0 NO: 10 EXC: 1 ABS: 0 FINAL ACTION: FAIL


BILL:HB09-1051
TIME: 01:37:48 PM
MOVED:Benefield
MOTION:Moved to postpone House Bill 09-1051 indefinitely. The motion passed on a 9-1 vote.
SECONDED:Frangas
VOTE
Apuan
Yes
Benefield
Yes
Gerou
No
Kefalas
Yes
Kerr A.
Excused
Lambert
Yes
Roberts
Yes
Summers
Yes
Swalm
Yes
Frangas
Yes
Judd
Yes
Final YES: 9 NO: 1 EXC: 1 ABS: 0 FINAL ACTION: PASS