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House committee advances bill saying assets acquired by state entities remain state property
Summary
The House Public Utilities and Energy Standing Committee unanimously recommended favorably forwarding HB 411 (Substitute 1), which clarifies that assets acquired by state public entities — including incidental items and carbon credits associated with projects — belong to the state.
The House Public Utilities and Energy Standing Committee advanced HB 411, Substitute 1, with a favorable recommendation after the bill’s sponsor described the measure as a clarification that assets acquired by state public entities belong to the state.
The bill’s sponsor, Representative Shelley, told the committee the measure is intended to prevent private parties from claiming incidental assets tied to state acquisitions. “If someone…
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