5A61E12157CDEB0A87258C57008156C4 Hearing Summary

PUBLIC
BILL SUMMARY For SB25-006

HOUSE COMMITTEE ON FINANCE
Date Mar 24, 2025
Location HCR 0112

SB25-006 - Amended, referred to the Committee of the Whole

Attachment Tag

File Name

Attachment B

Attachment B - Combined.pdf

Attachment C

Attachment C SB006_L.005.pdf

05:32:47 PM

The committee took a brief recess.

05:33:26 PM

The committee returned to order. Representatives Bradfield and Rutinel, co-prime sponsors, presented Senate Bill 25-006. The bill permits the State Treasurer to invest up to $50 million in bonds at below market rates to create affordable housing. The bill sponsors responded to committee questions.

05:44:46 PM

Mr. Thomas Bryan,
representing the Colorado Housing and Finance Authority, testified in support
of the bill. Leah Marvin-Riley, representing the Colorado Department of
Treasury, testified to amend the bill. Charles Allison-Godfrey, representing
Elevation Community Land Trust, testified in support of the bill. Natalie
Menten, representing herself, testified in opposition to the bill.

Written testimony
about the bill is included as Attachment B.

06:01:06 PM

Representative Rutinel
explained amendment L.005 (Attachment C).

06:02:03 PM	Motion	Adopt amendment L.005 (Attachment C).
	Moved	Titone
	Seconded	Camacho

	Armagost
	Brooks
	Camacho
	Garcia
	Gonzalez R.
	Hartsook
	Joseph
	Marshall
	Stewart R.
	Weinberg
	Zokaie
	Titone
	Lindstedt
		YES: 0 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: Pass Without Objection

06:02:39 PM

The bill sponsors wrapped up their presentation and asked for a favorable recommendation.

06:05:33 PM	Motion	Refer Senate Bill 25-006, as amended, to the Committee of the Whole.
	Moved	Titone
	Seconded	Zokaie

	Armagost	No
	Brooks	No
	Camacho	Yes
	Garcia	Yes
	Gonzalez R.	No
	Hartsook	No
	Joseph	Yes
	Marshall	No
	Stewart R.	Yes
	Weinberg	No
	Zokaie	Yes
	Titone	Yes
	Lindstedt	Yes
	Final	YES: 7 NO: 6 EXC: 0 ABS: 0 FINAL ACTION: PASS

SB25-006 - Amended, referred to the Committee of the Whole

Colorado General Assembly