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Committee amends long-term care loan fund: $100 million proposal and 2% target earn committee support
Summary
Senate Bill 1619, a proposal to establish or replenish a Long Term Care Loan Fund, was amended in committee to increase the proposed authorization to $100 million and to retain a 2% interest target; the committee voted to pass the bill as amended and re-refer it to appropriations.
The Senate Human Services Committee amended Senate Bill 1619 to raise a proposed loan-fund authorization to $100 million and preserved a 2% interest-rate target, then voted to give the bill a do-pass recommendation as amended and re-refer it to the Appropriations Committee.
Discussion focused on two levers: total fund size…
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