Rules Committee backs bill to split severance tax bond allocations into three shares
Senate Bill 514 would divide severance tax bond capacity into equal thirds among the governor, the Senate and the House; the Rules Committee recommended a do‑pass on the bill after debate over the governor's ability to fund statewide projects.
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Senate Bill 514, which would place in statute a three‑way split of severance tax bond capacity among the governor, the Senate and the House, received a do‑pass recommendation from the Senate Rules Committee after senators debated whether the proposal would limit the governor’s ability to fund statewide or regional projects.
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