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HB 20-1161

  • Colorado House Bill
  • 2020 Regular Session
  • Introduced in House Feb 20, 2020
  • Passed House Feb 18, 2020
  • Passed Senate Mar 11, 2020
  • Governor

Private Activity Bond Allocation

Abstract

Allocation of state private activity bond cap - state housing board to make recommendations to department of local affairs - elimination of fee cap and rule-making authority. Federal law limits the amount of tax-exempt private activity bonds that may issued within each state and allows each state to provide by law a formula for allocating the limited amount of bonding authority among eligible bond issuers. The act eliminates the bond allocation committee that currently reviews and makes recommendations to the executive director of the department of local affairs (DOLA) regarding statewide priorities for the allocation of the limited amount of bonding authority and requires the state housing board to conduct the review and make the recommendations. The act also eliminates a cap on the amount of the direct allocation fee paid to DOLA by bond issuers that use the direct allocation of bonding authority to issue private activity bonds or that make a mortgage credit certificate election and eliminates the executive director's authority to promulgate rules to implement the statutes that govern private activity bond allocation.(Note: This summary applies to this bill as enacted.)

Bill Sponsors (3)

Shannon Bird

  • Democratic
  • lower
  • 35
Primary

Faith Winter

  • Democratic
  • upper
  • 24
Primary

Jack Tate

  • Republican
  • upper
  • 27
Primary

Votes


Feb 18, 2020

BILL

Pass

House

Mar 11, 2020

BILL

Pass

Senate

Actions


Mar 20, 2020

Office of the Governor

Governor Signed

Mar 16, 2020

Office of the Governor

Sent to the Governor

House

Signed by the Speaker of the House

Senate

Signed by the President of the Senate

Mar 11, 2020

Senate

Senate Third Reading Passed - No Amendments

Mar 10, 2020

Senate

Senate Second Reading Passed - No Amendments

Mar 05, 2020

Senate

Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole

  • Committee-Passage
Finance

Feb 20, 2020

Senate

Introduced In Senate - Assigned to Finance

  • Introduction
Finance

Feb 18, 2020

House

House Third Reading Passed - No Amendments

Feb 14, 2020

House

House Second Reading Special Order - Passed - No Amendments

Feb 13, 2020

House

House Second Reading Laid Over Daily - No Amendments

Feb 10, 2020

House

House Committee on Finance Refer Unamended to House Committee of the Whole

  • Committee-Passage
  • Referral-Committee
House Committee of the Whole Finance

Jan 21, 2020

House

Introduced In House - Assigned to Finance

  • Introduction
Finance

Bill Text

Bill Text Versions Format
Signed Act (03/20/2020) PDF
Final Act (03/16/2020) PDF
Rerevised (03/11/2020) PDF
Revised (03/10/2020) PDF
Reengrossed (02/18/2020) PDF
Engrossed (02/14/2020) PDF
Introduced (01/21/2020) PDF
Committee Amendment PDF

Related Documents

Document Format
Fiscal Note FN1 (02/05/2020) PDF

Sources

Data on Open States is updated nightly from the official website of the Colorado General Assembly.

If you notice any inconsistencies with these official sources, feel free to file an issue.