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House approves Navajo Trust Fund administrator bill after contentious debate over funding caps
Summary
Lawmakers approved a second-substitute Senate Bill 91 to create a trust administrator and advisory committee for the Utah Navajo Trust Fund after hours of debate over funding caps, fiduciary duties and litigation costs; the House passed the measure 61–6 and will return it to the Senate.
The House passed second-substitute Senate Bill 91 on Feb. 21 after extended floor debate over how much of the Utah Navajo Trust Fund can be used to resolve long-running administrative and legal problems.
Representative Adams, the bill sponsor, told colleagues the measure establishes a trust administrator and a 13-member advisory committee "composed of Navajos" to manage the fund and help reduce state exposure. He said the bill sets up mechanisms to pursue bankruptcies and litigation that could restore significant funds to the trust and that an…
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