Appropriations Committee backs lowering common school PLF distribution to 4.5%
House Bill 271, like HB270, would reduce the distribution rate from 5% to 4.5% for the Common School Permanent Land Fund to grow the reserve account and increase long‑term returns; the committee voted 6‑1 to report the bill do pass after brief testimony from education advocates urging caution.
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The House Appropriations Committee voted 6‑1 to report House Bill 271 do pass, a measure that would lower the distribution/spending policy for the Common School Permanent Land Fund from 5% to 4.5% and direct the difference into the Common School Permanent Land Fund reserve account to grow the corpus.
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