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Appropriations committee rejects amendment to move OIT revolving funds into SB290 funding
Summary
Representative Titone proposed using $25 million from the Office of Information Technology's revolving fund to avoid drawing on the Unclaimed Property Trust Fund; the amendment failed on a 2-8 vote with one excused and opponents said OIT and OSPB warned the money is earmarked for repairs and operational needs.
Representative Titone moved an amendment (L021) to Senate Bill 290 that would shift $25 million from the Office of Information Technology (OIT) revolving fund to avoid tapping the Unclaimed Property Trust Fund for one year.
“I'm very against taking the money out of the unclaimed property trust fund,” Titone said, arguing that OIT had informed the committee it holds about $50,000,000 in a revolving fund and “they only need $25,000,000 to function…
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