City Council Study Session Agenda and Packet 2009 01 27

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. Affordable housing-HOME, $1.5 billion; Homeless Assistance Grants, $1.5 billion; Neighborhood Stabilization, $4.2 billion. Colorado was one of the first states recently approved by HUD to expend its first round of $34 million. . Municipal bonds-Relief is being granted through action of the llouse Ways and Means Committee as well as House Financial Services in four general areas: allowing financial institutions to purchase state and local bonds; repealing AMT limits on new private activity bonds; allowing a taxable bond option for govemmcnt bonds; authorizing the issuance of certain school construction bonds; granting a one year deferral on the withholding tax on government contractors. Delegation Involvement Cong, Betsy Markey serves on the Hhouse Transportation Committee. Congo John Salazar serves on the House Appropriations eommittee. Congo Ed Perlmutter serves on the House Financial Services Committee. These are three key committees of the Congress involved in marking up portions of the House bill. eong. Diana DeGette serves as Vice-Chair of the House Commerce Committee, and is not only the Dean of the state's delegation, but she is also high ranking in the House leadership. Commerce may look at thc broadband issue. eong. Doug Lambom and Congo Mike Coffman both serve on the House Natural Resources Committee. This Committee may look at small community water financing needs. Congo Jared Polis serves on the Education and Labor Committee, as well as Rules. The Rules eommittee will establish the voting procedures on the package once it hits the t1oor. Congo Perlmutter also serves on Rules. Sen. Mark Udall serves on Energy and Natural Resources and Armed Services. Senator Miehae1 Bennett's committee assignments have not yet been made, although he has expressed an interest in serving on the Agriculture Committee. Prepared by CML, ] -20-09 smamet((l)cmLS2!1S Sam Mamet, Executive Director, 303-831-6411