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Senate approves Money Management Act changes; clarifies charter schools are public entities
Summary
Senate passed a second substitute to House Bill 268 to extend an exemption to the five-year investment maturity limit for certain public agency insurance pools, allow the Money Management Council to consider longer maturities with justification, and clarify charter schools are subject to the Money Management Act.
The Utah Senate approved a second substitute to House Bill 268 that alters the Money Management Act’s investment rules and clarifies the status of charter schools.
Senator Bramble presented the substitute and said it permits an exemption to the five-year maturity limit for investments held by public agency…
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