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Committee advances S.122 (amendment 1.5) with funding language, task force limits and baby‑bonds pilot provisions
Summary
The Commerce & Economic Development Committee advanced draft 1.5 of S.122 after staff described edits to appropriation language, renamed the International Business Office, limited task force meetings, and substituted new trigger language and a fund for a baby‑bonds pilot program.
Rick Segal of the Office of Legislative Counsel reviewed draft 1.5 of S.122 for the House Committee on Commerce & Economic Development on May 22, explaining several changes made after the committee’s prior review.
Segal said the budget office recommended changing prior language that “appropriated” funds to phrasing that the money “shall be allocated,” to avoid potential double‑appropriation. The draft also modifies payments to a small business center so that the center would receive a grant (rather than a direct appropriation), and reduces one earlier allocation intended for a Vermont Sustainable Jobs program from $100,000 to $25,000 while narrowing the required deliverable to a printed guide unless additional funds are…
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