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House approves arts endowment amendments after sponsors clarify interest handling and add oversight
Summary
The House passed amendments to the state arts endowment (House Bill 97) after sponsors said interest earned on the original $2.3 million deposit had been kept in a separate account and should follow the endowment; amendments add legislative oversight of administrative costs and clarify inclusion of federal funds.
The Utah House on the floor approved amendments to the state arts endowment fund, passing House Bill 97 as amended by a 59-1 recorded vote.
Sponsor Representative Kim R. Burningham defended the measure as a technical fix to language in last year’s endowment law and said it would ensure interest and federal contributions are treated as part of the state fund. “That fund has created over $9,090,000 dollars in interest,” Burningham said on the House floor, adding that the interest has been set aside by the treasurer’s office pending clear statutory direction. He told members the…
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