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Committee questions provision letting public bodies discuss interest rates behind closed doors
Summary
The House Government Operations & Military Affairs Committee questioned a provision in S.59 that would allow public bodies to meet in executive session to discuss interest rates when the governmental entity acts as creditor.
On May 2 the House Government Operations & Military Affairs Committee revisited a provision in S.59 that would allow public bodies to enter executive session to discuss information "related to interest rates" when a governmental entity is acting as creditor.
Lisa Loomis, a witness at the committee meeting, told lawmakers: "All interest paid on any public loans is my money, or your money, or our money. So we have a right to know interest rates." She and executive director Mike Donahue asked why deliberations about interest rates might be confidential and urged the…
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