h_sa_2016a_2016-02-24t10:15:34z0 Hearing Summary

Date: 02/24/2016

10:15 AM -- HB16-1138



Representative Brown, sponsor, presented House Bill 16-1138 to the committee. This bill lengthens the five-year block of statutory transfers from the General Fund to the Highway Users Tax Fund (HUTF) and the Capital Construction Fund (CCF), in the event that one or more year(s) of transfers are reduced or not made because of a revenue surplus under Article X, Section 20, of the Colorado Constitution, known as the Taxpayer's Bill of Rights (TABOR). For each year in which transfers are reduced or not made, an additional year of transfers is required, in which 2 percent of General Fund revenue is transferred to the HUTF and 1 percent of General Fund revenue is transferred to the CCF. As in current law, transfers created in the bill may be reduced or not made because of the size of the TABOR surplus. The schedule of transfers is extended until five years of full transfers have taken place. The bill also allows up to 90 percent of General Fund revenue transferred to the HUTF to be spent on highway construction, reconstruction, repair, improvement, and maintenance, in addition to infrastructure projects identified in the Strategic Transportation Project Investment Program.



10:26 AM -- Nicholas Colglazier, representing the Colorado Competitive Council, testified in support of the bill and responded to questions from committee members.



10:33 AM -- RJ Hicks, representing the Colorado Motor Carriers Association, testified in support of the bill.



10:37 AM -- Andy Karsian, representing the Colorado Department of Transportation (CDOT), testified on the bill from a neutral position and answered questions from committee members.





10:42 AM



Representative Brown wrapped up his presentation of the bill.