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Senate splits over lifting cap on School LAND Trust funds; substitute fails after lengthy floor fight
Utah State Senate · February 16, 2005
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Summary
A protracted debate over House Bill 43's proposed lift/raise of the $12 million School LAND Trust cap produced a failed substitute motion and a close third-reading advance (18-8-3). Senators emphasized local control, accountability and long-term fiscal consequences.
Senators spent an extended portion of the Feb. 16 floor session debating House Bill 43, which would alter the cap on distributions from the permanent school trust to the School LAND Trust Program.
Sponsor Senator Jon Hatch described HB43 as a measure to remove the $12 million cap and send more investment dollars to…
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