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Committee defers action on SB1330 pending amendment language on State Investment Board exemptions
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Summary
Discussion of Senate Bill 1330 centered on newly added language in section 3 giving the State Investment Board an exemption to invest in state infrastructure projects; members postponed action until suggested amendments are filed and scheduled an afternoon reconvening.
Senate Bill 1330, which includes language that would provide an exemption allowing the State Investment Board to invest in state infrastructure projects, was discussed but not taken up for final action by the Appropriations - Government Operations Division. Committee members said they expected amendment language to address concerns and that those amendments had been submitted to staff but were not yet available at the time of the meeting.
Senator Dwyer summarized prior testimony and said Jody Smith from the RIO had raised questions about language added in section 3 that would allow the State Investment Board to place money into state infrastructure projects. Dwyer said Jody Smith had submitted suggested amendment language and that he sent that language to staff (referred to as Adam). Committee members agreed to recess and reconvene in the afternoon so any amendments could be circulated and considered.
The committee did not vote on SB1330. Members said they would take up the bill after the legislative session announcements and that staff would notify the committee if amendments became available. No final policy decision was made during the meeting excerpt.
