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Committee adopts amendment to change multiyear flex account reporting schedule and advances Senate Bill 58
Summary
The committee adopted an amendment by Senator Francisco to shift reporting for multiyear flex accounts so the first report is due Jan. 15, 2029 and thereafter every four years; the committee also authorized a technical amendment and recommended Senate Bill 58 favorably to the Senate calendar.
The Senate Standing Committee on Agriculture and Natural Resources amended and advanced Senate Bill 58, which reorganizes provisions governing multiyear flex accounts and modifies reporting requirements.
Tamara Lawrence, reviser of statutes, gave a brief overview saying the bill would modify the allocation calculation and reorganize provisions; she also noted the bill would change a reporting frequency from annual to every three years in the reviser's draft. Senator Mercedes Francisco…
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