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Committee approves amended public finance task force bill, sends HB 2966 to Ways and Means
Summary
The House Commerce and Consumer Protection Committee adopted a dash-3 amendment to House Bill 2966, adding a $400,000 appropriation for consulting support, changing seats and appointments on the proposed task force, shortening the reporting deadline and sending the bill to the Joint Committee on Ways and Means by prior reference.
Chair Sosa opened a work session on House Bill 2966, which would establish a state public finance task force charged with examining how public bodies invest funds, look for cost savings through public financing, explore governance structures for public financing entities and study capitalization options. The measure tasks the state treasurer with providing staff support and requires a report of findings and recommendations to committees of the Legislative Assembly.
Representative Gamborg (presenting the dash-3 amendment) told the committee the amendment adds an appropriation of $400,000 so the Treasury can contract with a consultant with public-finance expertise, removes two required topic requirements (student loans and agricultural loans) from the task force’s mandatory list,…
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