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Committee debates cash vs. bonded accounting and adds five‑year look‑back reporting to 10‑year capital plan
Summary
Members discussed how the capital bill should present cash and bonded appropriations, aligned the bill with CDAC bonding guidance, and added language requiring a five‑year look‑back table (appropriated vs. expended, by funding type and project phase) to the 10‑year capital program plan submitted to the legislature.
The committee took up policy language that governs how the capital budget is presented to the legislature and how cash vs. bonded appropriations are treated. Members agreed to align the bill with the Capital Debt Affordability Advisory Committee (CDAC) recommendation for bond authorization and to add reporting requirements that require agencies to provide a five‑year retrospective showing amounts appropriated and expended by funding type and project phase.
Why it matters: committee members said the legislature needs clearer, consistently formatted information (tables/charts) about…
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