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Appropriations Committee backs lowering common school PLF distribution to 4.5%
Summary
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.
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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