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Coal-trust endowment proposal debated; sponsor offers smaller seed while budget analysts urge caution
Summary
Sen. Daniel Emmerich proposed directing general-fund dollars into a coal-trust subaccount to seed an endowment that would expand an education scholarship tax-credit program; sponsor suggested a smaller $25M start option; budget analysts opposed the larger transfer, and the committee later tabled the bill in executive action after a close roll call.
Senator Daniel Emmerich presented Senate Bill 159, a fiscal-structure bill that would transfer general-fund dollars into a coal-trust subaccount whose earnings would be split to grow the fund and to lift the cap on the education scholarship tax-credit program. Emmerich framed the measure as a structural, long-term way to seed a program that could otherwise require large recurring general-fund…
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