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Senate floor examines House Bill 59 on Workers' Compensation Fund oversight and outside activities
Summary
House Bill 59 would exempt the Workers' Compensation Fund from the open‑meetings law and allow it to form wholly owned, taxable subsidiaries to diversify and operate outside Utah; supporters cited portfolio diversification while opponents raised competition and taxation concerns and asked for amendments.
House Bill 59 drew extended floor debate over two linked questions: whether the Workers' Compensation Fund (WCF) should be exempt from the state open‑meetings law, and whether WCF should be allowed to form wholly owned subsidiaries to expand business outside Utah.
Sponsor Senator Valentine said the change resolves a legal question about whether WCF is a state…
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