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Committee approves amendment to shift $135 million from SIF fund in HB 1234; bill passed as amended and referred to Appropriations
Summary
The House Finance and Taxation Committee voted to adopt an amendment to House Bill 1234 to use $135 million from the State Investment Fund (SIF) to pay pension liability and then voted to pass the bill as amended and refer it to the Appropriations Committee.
Committee members approved an amendment to House Bill 1234 that would use $135 million from the State Investment Fund (SIF) to help pay down Public Employees Retirement System (PERS) liability, then voted to pass the bill as amended and refer it to Appropriations.
Representative Olson moved the amendment and Representative Anderson seconded. During discussion Representative Doctor said lawmakers need a vehicle to address pension liability and argued $135 million would be "a good start." Representative Steiner objected to changing a previously…
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