|
PUBLIC
STAFF SUMMARY OF MEETING
JOINT COMMITTEE COMMITTEE ON CAPITAL DEVELOPMENT COMMITTEE
| Date |
02/11/2021 |
| Attendance |
| Fields |
* |
| Rich |
X |
| Sonnenberg |
X |
| Valdez A. |
X |
| Story |
X |
| Hooton |
X |
|
| Time |
08:38:44 AM to 09:56:48 AM |
| Place |
HCR 0112 |
| This Meeting was called to order by |
Hooton |
| This Report was prepared by |
Bo Pogue |
|
| Hearing Items |
Action Taken |
| hSB 219 |
Committee Discussion Only |
| hPrioritization of FY 2021-22 Capital Budget Requests |
Committee Discussion Only |
|
|
SB 219 - Committee Discussion Only
|
|
|
08:39:02 AM |
Ms. Esther van Mourik,
Office of Legislative Legal Services, explained a potential ambiguity in
Senate Bill 20-219 regarding the use of any premium from the issuance of
the certificates of participation (COPs). Dave Young, State Treasurer,
provided background on the amount to be realized from the COP issuance,
and provided options on how any premium might be used. Discussion
ensued on the timing of the COP issuance and the need for legislation to
address any ambiguities in Senate Bill 20-219. Cheri Gerou, State
Architect, provided input on the balance of the Emergency Controlled Maintenance
Account, and the requirements of Senate Bill 20-219 with respect to the
premium and this account. Treasurer Young discussed some requirements
in federal law pertaining to the payments.
|
|
08:59:21 AM |
Ms. van Mourik summarized
what the decision items are with respect to the Senate Bill 20-219 premium.
Discussion ensued about paying the COPs down. Eric Rothaus, Deputy
State Treasurer, provided input on the impact of issuing a smaller COP
package, thus reducing COP payments going forward. Discussion ensued
on policy decisions. Mr. Rothaus responded to questions regarding
the three-year spending requirement for spending the COP proceeds.
|
09:17:58 AM
|
Motion |
Request additional premium and draft bill |
|
| Moved |
Story |
|
| Seconded |
|
|
|
|
|
|
Fields |
Yes |
|
|
Rich |
No |
|
|
Sonnenberg |
No |
|
|
Valdez A. |
Yes |
|
|
Story |
Yes |
|
|
Hooton |
Yes |
|
|
|
YES: 4 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS |
|
|
|
09:19:01 AM |
Discussion ensued
about the timing of receiving the Senate Bill 20-219 COP proceeds.
|
Prioritization of FY 2021-22 Capital Budget Requests - Committee Discussion Only
|
|
|
09:21:17 AM |
The committee discussed
their prioritization rationale for the FY 21-22 capital budget requests.
The committee's recommended list is included as Attachment A.
|
|
09:25:09 AM |
Senator Sonnenberg
discussed certain projects that were requested for funding in FY 2020-21
but were not requested for FY 2021-22, and the disposition of certain projects
that were not funded in FY 2020-21. Discussion ensued regarding the
rationale behind the committee's reprioritizing the Office of State Planning
and Budgeting's FY 2021-22 capital construction priorities, and the reasoning
behind creating two tiers of recommended funding.
|
09:42:21 AM
|
Motion |
Approve state-funded CDC prioritized list |
|
| Moved |
Sonnenberg |
|
| Seconded |
|
|
|
|
|
|
Fields |
Yes |
|
|
Rich |
Yes |
|
|
Sonnenberg |
Yes |
|
|
Valdez A. |
Yes |
|
|
Story |
Yes |
|
|
Hooton |
Yes |
|
|
|
YES: 6 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS |
|
|
|
09:42:22 AM |
Senator Sonnenberg
discussed his objection to approving the Parks and Wildlife, Property Acquisitions
and Approvements line item (line 3) within the cash-funded recommendations.
|
|
09:52:40 AM |
The committee returned to order.
|
09:53:28 AM
|
Motion |
Approve only lines 1, 2, and 4 from the CDC prioritized cash list |
|
| Moved |
Sonnenberg |
|
| Seconded |
|
|
|
|
|
|
Fields |
Yes |
|
|
Rich |
Yes |
|
|
Sonnenberg |
Yes |
|
|
Valdez A. |
No |
|
|
Story |
No |
|
|
Hooton |
No |
|
|
|
YES: 3 NO: 3 EXC: 0 ABS: 0 FINAL ACTION: FAIL |
|
|
09:54:09 AM
|
Motion |
Approve the CDC prioritized cash list |
|
| Moved |
Valdez A. |
|
| Seconded |
|
|
|
|
|
|
Fields |
Yes |
|
|
Rich |
No |
|
|
Sonnenberg |
No |
|
|
Valdez A. |
Yes |
|
|
Story |
Yes |
|
|
Hooton |
Yes |
|
|
|
YES: 4 NO: 2 EXC: 0 ABS: 0 FINAL ACTION: PASS |
|
|
| 09:56:48 AM |
The committee adjourned. |
