House Committee of Reference Report
Committee on Business Affairs & Labor
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April 16, 2025
After consideration on the merits, the Committee recommends the following:
SB25-037 be amended as follows, and as so amended, be referred to the Committee of the Whole with favorable recommendation:
Page 1, Line 1Amend reengrossed bill, page 8, line 6, strike "the".
Page 1, Line 2Page 8, strike lines 7 and 8 and substitute "an AA-rated ten-year
Page 1, Line 3municipal bond rate averaged over the previous six months, at
Page 1, Line 4the time of application.".
Page 1, Line 5Page 8, strike line 14 and substitute "- definitions - repeal. (5) If the
Page 1, Line 6director has sufficient federal money to support the submittal
Page 1, Line 7of the findings and conclusions of the study required in
Page 1, Line 8subsection (3) of this section, on or before December 19,".
Page 1, Line 9Page 8, after line 25 insert:
Page 1, Line 10"SECTION 8. In Colorado Revised Statutes, 31-15-707, amend
Page 1, Line 11(1)(a)(I) as follows:
Page 1, Line 1231-15-707. Municipal utilities. (1) The governing body of each
Page 1, Line 13municipality has the power:
Page 1, Line 14(a) (I) To acquire waterworks, gasworks, and gas distribution
Page 1, Line 15systems for the distribution of gas of any kind or electric light and power
Page 1, Line 16works and distribution systems, or heating and cooling works and
Page 1, Line 17distribution systems for the distribution of heat and cooling obtained from
Page 1, Line 18geothermal resources, solar or wind energy, hydroelectric or renewable
Page 1, Line 19biomass resources, including waste and cogenerated heat, and all
Page 1, Line 20appurtenances necessary to any of said the works or systems or to
Page 1, Line 21authorize the erection, ownership, operation, and maintenance of such
Page 1, Line 22the works and systems by others. No such works or systems, except
Page 1, Line 23waterworks, gasworks, gas distribution systems for the
Page 1, Line 24distribution of gas of any kind, or electric power works and
Page 2, Line 1distribution systems shall be acquired or erected by a municipality
Page 2, Line 2until the question of acquiring or erecting the same is submitted at a
Page 2, Line 3regular or special election and approved in the manner provided for
Page 2, Line 4authorization of bonded indebtedness by section 31-15-302 (1)(d) and in
Page 2, Line 5accordance with the requirements of law, including requirements of law
Page 2, Line 6relating to the acquisition and financing of public utilities by
Page 2, Line 7municipalities. The question of acquiring or erecting a waterworks, need
Page 2, Line 8not be so electric light works, heating and cooling works, and
Page 2, Line 9distribution systems for the distribution of heating and cooling
Page 2, Line 10obtained from geothermal resources, solar or wind energy,
Page 2, Line 11hydroelectric, or renewable biomass resources is not required
Page 2, Line 12to be submitted and approved at an election.".
Page 2, Line 13Renumber succeeding section accordingly.