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Minutes for SB432 - Committee on Commerce

Short Title

Transparency, project financial viability requirements and other reforms to the STAR bond financing act.

Minutes Content for Tue, Mar 20, 2018

Vice Chairperson Suellentrop opened deliberations on SB 432.

Senator Holland moved, seconded by Senator Pilcher-Cook, SB 432 be passed.

Vice-chairperson Suellentrop requested Revisor Chuck Reimer to brief the Committee on a possible balloon amendment to SB 432 which would result in Substitute for SB 432.   (Attachment 4)

Vice-chairperson Suellentrop requested Committee members to review the balloon amendment.  Discussion concerning the amendment would continue at the next meeting on March 21, 2018. 

Senator Holland moved, seconded by Senator Pilcher-Cook, a substitute motion to add the contents of SB 434 into SB 432.  The motion carried with Senators Bollier and Sykes voting nay.

The meeting was adjourned at 9:29 a.m.  The next meeting is scheduled for March 21, 2018.