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Utah Senate rejects results-based early-childhood financing plan (SB71)
Summary
The Utah Senate voted down first substitute Senate Bill 71 on March 5, 2013. The bill would have set aside $1 million a year to repay private investors if independently verified early-childhood outcomes were achieved; it failed 11-18 after extended debate over targeting, data privacy and private investment.
The Utah Senate voted down first substitute Senate Bill 71 on March 5, 2013, rejecting a proposal to use a results-based financing model to expand targeted early-childhood interventions.
Senator Osman, the bill sponsor, told colleagues the plan would set aside $1 million annually “in a reserve account that will build on a year to year basis to be used as the source to repay investor funds if, in fact, results are achieved.” The bill would cap outstanding private investment at $10 million and require an independent evaluator, hired by a Results Based Financing Board, to determine…
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