Amendments for SB20-200

Senate Journal, June 4
After consideration on the merits, the Committee recommends that SB20-200 be amended
as follows, and as so amended, be referred to the Committee of the Whole with favorable
recommendation.

Amend printed bill, page 12, line 15, strike "and 24-54.3-110" and
substitute "24-54.3-110, and 24-54.3-111".

Page 16, after line 7 insert:

"24-54.3-109. Administration - gifts, grants, and donations.
THE COSTS ASSOCIATED WITH THE ADMINISTRATION OF THIS ARTICLE 54.3
SHALL BE PAID SOLELY THROUGH GIFTS, GRANTS, OR DONATIONS. THE
STATE TREASURER MAY SEEK, ACCEPT, AND EXPEND GIFTS, GRANTS, OR
DONATIONS FROM PRIVATE OR PUBLIC SOURCES FOR THE COSTS
ASSOCIATED WITH THE ADMINISTRATION OF THIS ARTICLE 54.3.".

Renumber succeeding C.R.S. sections accordingly.


Appro-
priations


Senate Journal, June 5
SB20-200 by Senator(s) Donovan and Pettersen; also Representative(s) Kraft-Tharp and Becker--
Concerning the implementation of the Colorado secure savings program to increase the
amount of retirement savings by Colorado's private sector workers.

Senator Lundeen moved to amend the Report of the Committee of the Whole to show that
the following amendment to SB 20-200 did pass.

Amend printed bill, page 10, line 19, after "enrollees." add "THE
BOARD IS A FIDUCIARY OVER THE COLORADO SECURE SAVINGS
PROGRAM. THE BOARD BEARS RESPONSIBILITY FOR THE
ADMINISTRATION, INVESTMENT, OR INVESTMENT PERFORMANCE OF THE
PROGRAM. THE BOARD IS LIABLE FOR ANY ERRORS OR OMISSIONS ON
DISCLOSURE FORMS, THE WEBSITE, OR INFORMATION PROVIDED BY THE
STATE. THE BOARD IS LIABLE WITH REGARD TO INVESTMENT RETURNS,
PROGRAM DESIGN, AND BENEFITS PAID TO PROGRAM ENROLLEES.".


Less than a majority of all members elected to the Senate having voted in the affirmative,
the amendment to the report of the Committee of the Whole was lost on the following roll
call vote:

YES 15 NO 19 EXCUSED 1 ABSENT 0
Bridges N Gardner Y Marble Y Story N
Cooke Y Ginal N Moreno N Tate Y
Coram Y Gonzales N Pettersen N Todd N
Crowder Y Hansen N Priola Y Williams A. N
Danielson N Hill E Rankin Y Winter N
Donovan N Hisey Y Rodriguez N Woodward Y
Fenberg N Holbert Y Scott Y Zenzinger N
Fields N Lee N Smallwood Y President N
Foote N Lundeen Y Sonnenberg Y


House Journal, June 9
45 SB20-200 be amended as follows, and as so amended, be referred to
46 the Committee on Appropriations with favorable
47 recommendation:
48
49 Amend reengrossed bill, page 6, line 16, strike "JULY 1," and substitute
50 "SEPTEMBER 15," and strike "JUNE 30," and substitute "SEPTEMBER 14,".
51
52 Page 6, line 18, strike "JULY 1," and substitute "SEPTEMBER 15,".
53
54 Page 6, line 19, strike "JULY 1," and substitute "SEPTEMBER 15,".
55
1 Page 15, line 26, strike "BOARD." and substitute "BOARD, AND ANY GIFTS,
2 GRANTS, DONATIONS, OR INVESTMENTS RECEIVED BY THE STATE
3 TREASURER.".
4
5 Page 16, strike lines 8 through 13 and substitute:
6 "24-54.3-109. Implementation and administration - costs. THE
7 STATE TREASURER MAY SEEK, ACCEPT, AND EXPEND GIFTS, GRANTS,
8 DONATIONS, OR INVESTMENTS NOT REQUIRED TO BE REPAID, FROM
9 PRIVATE OR PUBLIC SOURCES FOR THE COSTS ASSOCIATED WITH THE
10 ADMINISTRATION OF THIS ARTICLE 54.3.".
11
12 Page 17, after line 15 insert:
13 "SECTION 9. Appropriation - adjustments to 2020 long bill.
14 To implement this act, the general fund appropriation made in the annual
15 general appropriation act for the 2020-21 state fiscal year to the office of
16 the governor for use by the office of information technology for
17 applications administration is decreased by $1,197,552.
18 SECTION 10. Appropriation. (1) For the 2020-21 state fiscal
19 year, $1,197,552 is appropriated to the department of the treasury. This
20 appropriation is from the general fund. Any money appropriated in this
21 section not expended prior to July 1, 2021, is further appropriated to the
22 department for the 2021-22 state fiscal year for the same purpose. To
23 implement this act, the department may use this appropriation as follows:
24 (a) $1,133,592 for the Colorado secure savings program, which
25 amount is based on an assumption that the department will require an
26 additional 5.0 FTE; and
27 (b) $63,960 for the purchase of legal services.
28 (2) For the 2020-21 state fiscal year, $63,960 is appropriated to the
29 department of law. This appropriation is from reappropriated funds
30 received from the department of the treasury under subsection (1)(b) of
31 this section and is based on an assumption that the department of law will
32 require an additional 0.3 FTE. To implement this act, the department of
33 law may use this appropriation to provide legal services for the
34 department of the treasury.".
35
36 Page 17, strike lines 16 through 25 and substitute:
37
38 "SECTION 11. Safety clause. The general assembly hereby
39 finds, determines, and declares that this act is necessary for the immediate
40 preservation of the public peace, health, or safety.".
41
42 Page 1, line 103, strike "WORKERS." and substitute "WORKERS, AND, IN
43 CO NNECTION TH EREW ITH , M AK ING AND REDUCING AN
44 APPROPRIATION.".
45
46