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S_FIN_2025A 02/25/2025 02:00:53 PM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
SENATE COMMITTEE ON FINANCE
Date 02/25/2025
Attendance
Bright X
Frizell X
Gonzales J. X
Kolker X
Mullica *
Simpson X
Snyder X
Marchman *
Kipp X
Time 02:00:53 PM to 03:05:12 PM
Place LSB B
This Meeting was called to order by Kipp
This Report was prepared by Katie Ruedebusch
Hearing Items Action Taken
Conf 25-Financial Services Board Favorably Refer to Full Senate - Consent Calendar
SB25-133 Amended, referred to the Committee of the Whole - Consent Calendar
SB25-147 Amended, referred to Senate Appropriations

Conf 25-Financial Services Board - Favorably Refer to Full Senate - Consent Calendar
02:01:18 PM  
Mr. Shon Davis introduced himself and discussed his qualifications for serving on the Financial Services Board.


02:04:36 PM
 Motion Refer the appointment of Shon Davis to the Financial Services Board to the full Senate with a favorable recommendation and with a recommendation that it be placed on the consent calendar.
Moved Snyder
Seconded
Bright Yes
Frizell Yes
Gonzales J. Yes
Kolker Yes
Mullica Excused
Simpson Yes
Snyder Yes
Marchman Excused
Kipp Yes
Final YES: 7   NO: 0   EXC: 2   ABS:  0   FINAL ACTION:  PASS



SB25-133 - Amended, referred to the Committee of the Whole - Consent Calendar
02:05:57 PM  
Senator Snyder introduced
Senate Bill 25-133. The bill renames the Colorado Uniform Fraudulent Transfers
Act as the Colorado Voidable  Transactions Act and makes conforming
updates to align with uniform laws.
02:07:44 PM  
Mr. Herrick Lidstone, representing the Colorado Bar Association, testified in support of the bill. Mr. Holly Shilliday, representing the Colorado Bar Association, testified in support of the bill.


02:18:03 PM
 Motion Adopt amendment L.001 (Attachment A)
Moved Snyder
Seconded
Bright
Frizell
Gonzales J.
Kolker
Mullica
Simpson
Snyder
Marchman
Kipp
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection


02:20:32 PM
 Motion Refer Senate Bill 25-133, as amended, to the Committee of the Whole and with a recommendation that it be placed on the consent calendar.
Moved Snyder
Seconded
Bright Yes
Frizell Yes
Gonzales J. Yes
Kolker Yes
Mullica Yes
Simpson Yes
Snyder Yes
Marchman Yes
Kipp Yes
Final YES: 9   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS



SB25-147 - Amended, referred to Senate Appropriations
02:20:59 PM  
Senators B. Pelton
and Kolker introduced Senate Bill 25-147. The bill designates the Public
Employees’ Retirement Association (PERA) as a local public body under
open meetings laws, establishes term limits for trustees, and requires
that certain financial information be posted on the association’s website.
The sponsors answered several committee questions.
02:23:47 PM  
Mr. Rob Gray, representing
themself, testified in opposition to the bill. Mr. Andrew Roth, representing
Colorado PERA, testified to amend the bill. The witnesses answered several
committee questions. Additional witness testimony may be found in Attachment
B.
02:26:59 PM  
Megan Raynes, representing
CEA, testified in support of the bill. Mr. Dragan Mejic, representing Colorado
WINS and CSPERA, testified in support of the bill. Jana Schleusner, representing
the Colorado Association of School Executives, testified in support of
the bill. Brett Johnson, representing the Colorado Association of School
Executives, testified in support of the bill. Dr. Priscilla Rahn, representing
themself, testified in support of the bill. Ms. Marjorie Becker, representing
Arapahoe County Retired Teachers; Colorado School and Public Employee Association;
Secure PERA; Colorado Coalition for Retirement Security, testified in support
of the bill.


03:01:02 PM
 Motion Adopt amendment L.002 (Attachment C)
Moved Kolker
Seconded
Bright
Frizell
Gonzales J.
Kolker
Mullica
Simpson
Snyder
Marchman
Kipp
YES: 0   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  Pass Without Objection
03:01:43 PM  
The sponsors made some closing remarks.


03:04:02 PM
 Motion Refer Senate Bill 25-147, as amended, to the Committee on Appropriations.
Moved Kolker
Seconded
Bright Yes
Frizell Yes
Gonzales J. Yes
Kolker Yes
Mullica Yes
Simpson Yes
Snyder Yes
Marchman Yes
Kipp Yes
Final YES: 9   NO: 0   EXC: 0   ABS:  0   FINAL ACTION:  PASS


03:05:12 PM   The committee adjourned.






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