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Committee reconsiders and amends bill to transfer cigarette fund balance into insurance regulatory trust fund; re‑refers to appropriations
Summary
The committee voted to reconsider House Bill 10 86 and approved an amendment directing the transfer of the reduced cigarette ignition propensity fund balance to the Insurance Regulatory Trust Fund and to raise the trust fund cap from $1,000,000 to $1,500,000; the amended bill was re‑referred to appropriations by roll call.
The Industry, Business and Labor Committee reconsidered and amended House Bill 10 86 to resolve a technical funding issue related to the reduced cigarette ignition propensity fund.
A committee member moved to reconsider prior committee action after staff identified that balances in the cigarette fund were…
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