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Bill would allow treasurer to invest nongame species funds; agency cites donor interest
Summary
Sen. Tim Lang and Fish & Game witnesses told the committee that Senate Bill 107 authorizes the state treasurer to invest the nongame species account and to credit interest back to the fund; witnesses said donors have offered sizable legacy gifts that would benefit from investment returns.
Senate Bill 107, sponsored by Sen. Tim Lang and presented to the Ways and Means Committee, would authorize the state treasurer to invest funds in the nongame species account and direct that any interest earned be credited back to that account.
Lang said the statutory change is straightforward: it adds language allowing the treasurer to invest Fish & Game's nongame funds and to credit any investment interest back to the nongame species account. He told the committee the agency requested the change so larger donations or matching amounts could earn additional returns while…
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