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Committee adopts $50,000 threshold amendment and advances substitute for HB 150 to Rules
Summary
Representative Fleming presented a substitute to House Bill 150; members adopted a friendly amendment setting a $50,000 minimum reporting threshold and voted to send the measure to Rules with a due-pass recommendation.
The House Higher Education Committee considered a substitute to House Bill 150 (LC 61 01 20 s) on Feb. 19, adopted a friendly amendment establishing a $50,000 minimum threshold for reporting certain funding exchanges, and voted to advance the measure to the Rules Committee.
Representative Fleming presented the substitute that the committee had previously considered. During discussion Representative Clark proposed a friendly amendment to set a $50,000 minimum threshold for funding reporting so routine small payments would not trigger reporting requirements. Fleming and legislative staff discussed insertion language for line 27 to require disclosure for exchanges “in an amount greater than $50,000.” The amendment was moved, seconded and adopted by voice vote.
The committee then voted to recommend the substitute for a due-pass to Rules. Chair Martin recorded the voice vote: “All those in favor, signify by saying aye. Aye. Any opposed, no? Representative Clark. Thank you.”
Why it matters: The amendment narrows the measure’s reporting scope by excluding small-value exchanges from the bill’s reporting requirements, reducing administrative burdens on institutions and registrants. The bill, as amended, will now proceed to Rules for scheduling and further consideration.
Ending: Committee members asked the author to coordinate with Legislative Counsel on precise drafting for Line 27 language. The committee recorded voice votes; individual roll-call votes were not included in the transcript.
