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Treasurer backs cleanup of dedicated funds list; committee declines to exec bill pending amendment review

2689567 · March 19, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Representative Olmi introduced House Bill 163 to update and clarify the state’s list of dedicated funds; State Treasurer Monica Mazzappelli said the bill reclassifies accounts and will align the list with accounting standards and a planned financial system module.

Representative Olmi introduced House Bill 163 to update and clarify the state’s list of dedicated funds; State Treasurer Monica Mazzappelli told the committee the bill primarily performs a cleanup of accounts and aligns classifications with accounting and reporting standards.

“From my perspective, I think the importance of this bill, again, is to make things easier,” Treasurer Monica Mazzappelli said, adding the bill “adds accounts to the list,…

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