Committee OKs amendment consolidating revenue stabilization into budget stabilization fund
The House Committee on Ways and Means voted to report HB 678 as amended, a constitutional amendment to repeal the revenue stabilization trust fund and redirect mineral revenue deposits into the budget stabilization (rainy day) fund to grow it toward roughly $3,000,000,000.
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The House Committee on Ways and Means voted to report HB 678 as amended, a constitutional amendment that would modify the disposition of state revenues by repealing the revenue stabilization trust fund and changing deposits of mineral revenues into the budget stabilization fund.
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