Pro 15 Transportation





BILL SB18-001
Big changes in this bill - may need to review again

Partner Positions:
Position: Monitor

Concerning transportation infrastructure funding, and, in connection therewith, requiring specified amounts to be transferred from the general fund to the state highway fund, the highway users tax fund, and a new multimodal transportation options fund during state fiscal years 2018-19 and 2019-20 for the purpose of funding transportation projects and to the state highway fund during any state fiscal year from 2019-20 through 2038-39 for state highway purposes and to repay any transportation revenue anticipation notes that may be issued as specified in the bill and, if no citizen-initiated ballot measure that requires the state to issue transportation revenue anticipation notes is approved by the voters of the state at the November 2018 general election, requiring the secretary of state to submit a ballot question to the voters of the state at the November 2019 statewide election, which, if approved, would require the state, with no increase in any taxes, to issue additional transportation revenue anticipation notes for the purpose of addressing critical priority transportation needs in the state by funding transportation projects; would exclude note proceeds and investment earnings on note proceeds from state fiscal year spending limits; and would reduce the amount of lease-purchase agreements required by current law to be issued for the purpose of funding transportation projects.

Short Title: Transportation Infrastructure Funding
Sponsors: R. Baumgardner | J. Cooke / P. Buck | F. Winter

In 1999, the voters of the state authorized the executive director of the department of transportation (executive director) to issue transportation revenue anticipation notes (TRANs) in a maximum principal amount of $1.7 billion and with a maximum repayment cost of $2.3 billion in order to provide financing to accelerate the construction of qualified federal aid transportation projects. The executive director issued the TRANs as authorized, and the TRANs have been fully repaid. In 2017, the general assembly enacted Senate Bill 17-267 (SB 267), which requires the state to enter into a total of $1.88 billion of lease-purchase agreements and to use the proceeds of the lease-purchase agreements to fund transportation projects and specifically requires the state to enter into $380 million of the lease-purchase agreements in the 2018-19 state fiscal year and $500 million of such agreements in each of the 2019-20, 2020-21, and 2021-22 state fiscal years.

Section 3 of the bill requires the state treasurer to transfer $500 million from the general fund to the state highway fund on June 30, 2019, and to transfer $250 million from the general fund to the state highway fund annually on June 30 of state fiscal years 2019-20 though 2038-39. Section 4 repeals the requirement that the state enter into $500 million of lease-purchase agreements in each of the 2019-20, 2020-21, and 2021-22 state fiscal years but takes effect only if, as specified in section 12 , the voters of the state approve a ballot measure that authorizes the state to issue TRANS and that is either initiated and voted on at the 2018 general election or referred to the voters as specified in section 10 at the 2019 statewide election. Section 5 restricts the authority of the department of transportation (CDOT) and any enterprise of CDOT, such as the high-performance transportation enterprise, to construct or designate or enter into a public-private partnership to construct or designate a managed lane, which is defined as a toll lane, high-occupancy tool lane, or high-occupancy vehicle lane on any state highway.

Section 6 requires CDOT to expend the $500 million transferred from the general fund to the state highway fund pursuant to section 3 only for new highway construction projects and further specifies that:

Section 7 expresses the intent of the general assembly that CDOT strongly consider, when choosing between a standard low bid process or a design-build process for the procurement of a project contract, whether the use of the design-build process is likely to reduce competition and increase project costs.

Section 8 requires CDOT to include specified information about the general fund money transferred to the state highway fund pursuant to section 3 and the proceeds of SB 267 lease-purchase agreements in its annual report to the transportation committee of the senate and the transportation and energy committee of the house of representatives. Section 9 is nonsubstantive and changes the previously defined term 'revenue anticipation notes' to 'transportation revenue anticipation notes' to reflect the use of the latter term throughout the bill.

If no citizen-initiated ballot measure that authorizes the state to issue TRANs is approved by the voters of the state at the November 2018 general election, section 10 requires the submission of a ballot measure seeking voter approval for the state to issue TRANs in an amount of $3.5 billion with a maximum repayment cost of $5 billion at the November 2019 statewide election. Any TRANs issued following approval of the ballot measure must have a maximum repayment term of 20 years, the certificate, trust indenture, or other instrument authorizing their issuance must provide that the state may pay the TRANs in full before the end of the specified payment term without penalty, and the transportation commission must pledge to annually allocate from legally available money under its control any money needed for payment of the notes until the notes are fully repaid.

Section 11 requires TRANs proceeds not otherwise pledged for TRANs payments to be credited to the state highway fund and expended by CDOT only for qualified federal aid transportation projects that are included in CDOT's strategic transportation project investment program and designated for tier 1 funding as 10-year development program projects on CDOT's development program project list. At least 25% of the TRANs net proceeds must be used for projects in counties with populations of 50,000 or less and at least 10% of the TRANs net proceeds must be used for transit purposes or transit-related capital improvements.
(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)



Status
1/10/2018 Introduced In Senate - Assigned to Transportation
1/23/2018 Senate Committee on Transportation Refer Amended to Finance
3/1/2018 Senate Committee on Finance Refer Unamended to Appropriations
3/7/2018 Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
3/9/2018 Senate Second Reading Laid Over Daily - No Amendments
3/12/2018 Senate Second Reading Laid Over to 03/14/2018 - No Amendments
3/14/2018 Senate Second Reading Laid Over Daily with Amendments - Committee, Floor
3/15/2018 Senate Second Reading Laid Over with Amendments to 03/20/2018 - Floor
3/21/2018 Senate Second Reading Passed with Amendments - Committee, Floor
3/22/2018 Senate Third Reading Laid Over Daily - No Amendments
3/23/2018 Senate Third Reading Laid Over to 03/27/2018 - No Amendments
3/28/2018 Senate Third Reading Passed - No Amendments
3/28/2018 Senate Third Reading Passed with Amendments - Floor
4/3/2018 Introduced In House - Assigned to Transportation & Energy + Finance + Appropriations
5/3/2018 House Committee on Transportation & Energy Refer Amended to Finance
5/4/2018 House Committee on Appropriations Refer Unamended to House Committee of the Whole
5/4/2018 House Committee on Finance Refer Unamended to Appropriations
5/7/2018 House Second Reading Special Order - Passed with Amendments - Floor
5/8/2018 House Third Reading Passed with Amendments - Floor
5/8/2018 Senate Considered House Amendments - Result was to Concur - Repass
5/16/2018 Signed by the President of the Senate
5/17/2018 Sent to the Governor
5/17/2018 Signed by the Speaker of the House
5/31/2018 Governor Signed

Fiscal Note


Amendments


BILL SB18-077


Partner Positions:

Concerning a state sales and use tax exemption for used motor vehicles.

Short Title: State Sales Tax Exemption For Used Motor Vehicles
Sponsors: L. Crowder / J. Reyher | D. Valdez

On and after January 1, 2019, the bill exempts a motor vehicle from state sales and use tax if:

The exemption does not apply to any other political subdivision that levies a sales and use tax that is based on the state sales and use tax.

The department of revenue is permitted to disclose information about prior state sales and use tax paid as is necessary to administer the new exemption.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)



Status
1/12/2018 Introduced In Senate - Assigned to Finance
2/1/2018 Senate Committee on Finance Refer Amended to Appropriations
4/11/2018 Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
4/13/2018 Senate Second Reading Laid Over Daily - No Amendments
4/17/2018 Senate Second Reading Passed with Amendments - Committee
4/18/2018 Senate Third Reading Laid Over Daily - No Amendments
4/19/2018 Senate Third Reading Passed - No Amendments
4/23/2018 Introduced In House - Assigned to State, Veterans, & Military Affairs
5/2/2018 House Committee on State, Veterans, & Military Affairs Postpone Indefinitely

Fiscal Note


Amendments


BILL SB18-197


Partner Positions:

Concerning an exception to the requirement that a motor vehicle clear a port of entry for vehicles transporting agricultural commodities.

Short Title: Agriculture Motor Vehicle Port Of Entry
Sponsors: J. Sonnenberg | L. Crowder / K. Lewis

Current law requires motor vehicles having an empty weight of 16,000 or more pounds or a motor vehicle that weighs 26,001 or more pounds fully loaded to clear a port of entry within 5 miles of its route. The bill exempts motor vehicles using trailers primarily used in the transport of agriculture commodities or livestock.


(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)



Status
3/5/2018 Introduced In Senate - Assigned to Agriculture, Natural Resources, & Energy
3/22/2018 Senate Committee on Agriculture, Natural Resources, & Energy Refer Amended to Senate Committee of the Whole
3/27/2018 Senate Second Reading Laid Over Daily - No Amendments
3/28/2018 Senate Second Reading Passed with Amendments - Committee
3/29/2018 Senate Third Reading Passed - No Amendments
4/4/2018 Introduced In House - Assigned to State, Veterans, & Military Affairs
4/25/2018 House Committee on State, Veterans, & Military Affairs Postpone Indefinitely

Fiscal Note


Amendments