Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
House approves amended bill to alter permanent state trust fund investment rules after tense debate
Summary
After a motion to reconsider and an amendment following negotiations with the state treasurer, the House passed changes to the Permanent State Trust Fund’s investment rules, with supporters arguing for long-term returns and critics urging caution; final vote 45-28.
The Utah House on March 4 voted 45-28 to pass first substitute House Bill 337, which changes investment rules for the Permanent State Trust Fund after lawmakers reconsidered earlier action and adopted amendment #1.
Supporters said the amendment, negotiated with the state treasurer and securities director, clarifies how the fund may pursue a longer-term investment strategy similar to the school trust fund. Representative Nielsen, sponsor of the motion…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
