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B21289205A9DD90187258C5F0074BB6D Hearing Summary




PUBLIC
BILL SUMMARY For SB25-167

SENATE COMMITTEE ON FINANCE
Date Apr 1, 2025      
Location SCR 357



SB25-167 - Amended, referred to Senate Appropriations

03:15:03 PM  
Senators Amablie
and Frizell introduced Senate Bill 25-167. The bill creates a community
investment portfolio in the Public School Fund and a loan program in the
Department of Local Affairs. The sponsors answered several committee questions
and discussed possible amendments to the bill.
03:40:28 PM  
Dave Young, representing the Colorado Department of Treasury, testified to amend the bill. Karen Kallenberg, representing Habitat for Humanity of Colorado, Inc., testified to amend the bill. Maud Naroll, representing the League of Women Voters of Colorado, testified in opposition to the bill.
04:00:26 PM  
Committee discussion with Treasurer Young ensued.
04:13:29 PM  
Committee discussion with the witnesses continued.
04:19:43 PM  
Zach Martinez, representing
Gary Advocacy, testified in support of the bill. Jerilynn Francis, representing
the Colorado Housing and Finance Authority, testified in support of the
bill. Efren Garcia, representing the Bell Policy Center, testified in support
of the bill. Kate Berger, representing themself, testified in support of
the bill. Mary Wickersham, representing themself, testified in support
of the bill.




Written testimony
may be found in Attachment C.
04:40:42 PM  
Committee discussion
ensued with the witnesses.
04:56:52 PM  
Committee discussion continued.
05:19:00 PM  
Matt Bishop, Legislative Council Staff, came to the table to answer committee questions related to the fiscal note.


05:23:56 PM
Motion Adopt amendment L.003 (Attachment D)
Moved Frizell
Seconded
Bright
Frizell
Gonzales J.
Kolker
Mullica
Simpson
Snyder
Marchman
Kipp
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


05:24:21 PM
Motion Adopt amendment L.004 (Attachment E)
Moved Frizell
Seconded
Bright
Frizell
Gonzales J.
Kolker
Mullica
Simpson
Snyder
Marchman
Kipp
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


05:27:04 PM
Motion Adopt amendment L.005 (Attachment F)
Moved Frizell
Seconded
Bright Yes
Frizell Yes
Gonzales J. No
Kolker Yes
Mullica Yes
Simpson Yes
Snyder Yes
Marchman No
Kipp Yes
YES: 7   NO: 2   EXC: 0   ABS:  0   FINAL ACTION:  PASS


05:28:21 PM
Motion Adopt amendment L.006 (Attachment G)
Moved Frizell
Seconded
Bright
Frizell
Gonzales J.
Kolker
Mullica
Simpson
Snyder
Marchman
Kipp
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


05:28:45 PM
Motion Adopt amendment L.007 (Attachment H)
Moved Frizell
Seconded
Bright
Frizell
Gonzales J.
Kolker
Mullica
Simpson
Snyder
Marchman
Kipp
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
05:30:22 PM  
The sponsors and committee members made some closing remarks on the bill.


05:50:45 PM
Motion Refer Senate Bill 25-167, as amended, to the Committee on Appropriations.
Moved Frizell
Seconded
Bright Yes
Frizell Yes
Gonzales J. No
Kolker No
Mullica Yes
Simpson Yes
Snyder Yes
Marchman No
Kipp Yes
Final YES: 6   NO: 3   EXC: 0   ABS:  0   FINAL ACTION:  PASS






The effective date for bills enacted without a safety clause is August 6, 2025, if the General Assembly adjourns sine die on May 7, 2025 (unless otherwise specified). Details

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