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Senate advances bill allowing state financial adviser to bid on bond packages amid conflict‑of‑interest questions
Summary
Senate Bill 100 would permit the state financial adviser or their firm to enter competitive bids on state bond packages; proponents say it increases competition and potential savings while critics pressed for statutory safeguards to avoid the appearance of impropriety.
Senate Bill 100, presented by Senator Knudson, would allow the state financial adviser (a person or firm hired by the state treasurer) to submit competitive bids on bond packages, expanding the pool of bidders for some smaller or narrowly scoped bond issues.
Knudson argued that enabling such bids increases competition and helps the state obtain better terms: allowing adviser firms to bid could create a…
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