Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House approves bill to create a permanent State Sovereignty Fund to hedge against declines in federal funding
Summary
Rep. Joseph Eliason’s first‑substitute HB 464 would establish a permanent fund invested by the state treasurer to provide contingency support if federally sourced funds decline; the House passed the measure 69–0 on Feb. 26, 2025.
Rep. Joseph Eliason introduced first substitute House Bill 464 on Feb. 26, 2025, proposing creation of a permanent “State Sovereignty Fund” to be invested by the state treasurer and used if federally sourced funds to the state decline.
Why it matters: Eliason said the fund is intended as long‑term contingency planning. He told the House the state receives large volumes of federal funds (he cited last year’s federal funding total in discussion) and that a permanent fund could offset budget shortfalls if…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
