Committee backs task force to study $35 billion in public reserves
Senate Bill 323, creating an Asset and Investment Review Task Force to study public reserves and recommend options for deploying funds locally, passed the committee 11–1 after testimony from the state treasurer and banking representatives.
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Senate Bill 323, a short‑term Asset and Investment Review Task Force, passed the House Transportation Committee on a recorded vote of 11–1 after proponents described a rapid growth in public reserves and urged a study of how those funds are managed and whether more could be directed into local investment.
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