Committee advances bill to raise state thresholds for disposing surplus property
Senate Bill 274 would raise dollar thresholds that trigger Board of Finance or legislative approval for disposing of state personal and real property; the Rules Committee advanced the measure after sponsor and Board of Finance staff explained CPI-based updates.
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The Senate Rules Committee advanced Senate Bill 274, which raises statutory dollar thresholds that trigger state oversight when public bodies dispose of tangible personal property or transfer real property.
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