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S_FIN_2025A 04/01/2025 02:01:16 PM Committee Summary

PUBLIC
STAFF SUMMARY OF MEETING
SENATE COMMITTEE ON FINANCE
Date 04/01/2025
Attendance
Bright X
Frizell X
Gonzales J. X
Kolker X
Mullica *
Simpson *
Snyder X
Marchman X
Kipp X
Time 02:01:16 PM to 05:51:22 PM
Place SCR 357
This Meeting was called to order by Kipp
This Report was prepared by Katie Ruedebusch
Hearing Items Action Taken
Conf 25-Banking Board Favorably Refer to Full Senate - Consent Calendar
Conf 25-Limited Gaming Control Commission Favorably Refer to Full Senate - Consent Calendar
HB25-1224 Amended, referred to the Committee of the Whole
SB25-167 Amended, referred to Senate Appropriations

Conf 25-Banking Board - Favorably Refer to Full Senate - Consent Calendar
02:02:04 PM  
Kara Hunter introduced
the Colorado Banking Board appointee. Douglas Price introduced himself
and discussed his interest and qualifications to serve on the board.


02:07:51 PM
 Motion Refer the appointment of Douglas Price to the Banking Board to the full Senate with a favorable recommendation and with a recommendation that it be placed on the consent calendar.
Moved Marchman
Seconded
Bright Yes
Frizell Yes
Gonzales J. Yes
Kolker Yes
Mullica Yes
Simpson Excused
Snyder Yes
Marchman Yes
Kipp Yes
Final YES: 8   NO: 0   EXC: 1   ABS:  0   FINAL ACTION:  PASS



Conf 25-Limited Gaming Control Commission - Favorably Refer to Full Senate - Consent Calendar
02:08:49 PM  
Kristen Gregg introduced the appointees to the Colorado Limited Gaming Control Commission. Ahilya George, Kevin Hyland, and Phil Workman discussed their interest and qualifications to serve on the commission.


02:23:54 PM
 Motion Refer the appointment of Ahilya George to the Limited Gaming Control Commission to the full Senate with a favorable recommendation and with a recommendation that it be placed on the consent calendar.
Moved Marchman
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



Conf 25-Limited Gaming Control Commission - Favorably Refer to Full Senate - Consent Calendar


02:24:18 PM
 Motion Refer the appointment of Kevin Hyland to the Limited Gaming Control Commission to the full Senate with a favorable recommendation and with a recommendation that it be placed on the consent calendar.
Moved Mullica
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



Conf 25-Limited Gaming Control Commission - Favorably Refer to Full Senate - Consent Calendar


02:26:43 PM
 Motion Refer the appointment of Phil Workman to the Conf 25-Limited Gaming Control Commission to the full Senate with a favorable recommendation and with a recommendation that it be placed on the consent calendar.
Moved Mullica
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



HB25-1224 - Amended, referred to the Committee of the Whole
02:26:50 PM  
Senator Snyder introduced
House Bill 25-1224. The bill modifies the Revised Uniform Unclaimed Property
Act in the Department of the Treasury. He answered several committee questions.
02:38:26 PM  
Mr. David Knott, representing United Asset Recovery, Inc., testified in opposition to the bill.
02:41:52 PM  
Dave Young, representing
the Colorado Department of Treasury, testified in support of the bill.
Alison Morgan, representing the Colorado Bankers Association, testified
in a neutral position on the bill. Bianca Gardelli, representing the Colorado
Department of Treasury, testified in support of the bill. The witnesses
answered several committee questions.
03:03:04 PM  
Mr. Thomas Palmer,
representing themself, testified in opposition to the bill.



Written testimony
may be found in Attachment A.


03:08:51 PM
 Motion Adopt amendment L.005 (Attachment B)
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
03:08:53 PM  
The sponsors and committee members made some closing remarks.


03:14:46 PM
 Motion Refer House Bill 25-1224, as amended, to the Committee of the Whole.
Moved Snyder
Seconded
Bright No
Frizell Yes
Gonzales J. Yes
Kolker Yes
Mullica Yes
Simpson Yes
Snyder Yes
Marchman Yes
Kipp Yes
Final YES: 8   NO: 1   EXC: 0   ABS:  0   FINAL ACTION:  PASS



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


05:51:22 PM   The committee adjourned.






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