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Senate panel advances SB 151 with Treasurer—s amendment to allow fund investment
Summary
The Senate Public Health, Welfare and Labor Committee advanced Senate Bill 151 as amended after the Treasurer of State's office requested language permitting investment of the fund to maximize returns; the measure was approved by voice vote (counts not specified).
The Senate Public Health, Welfare and Labor Committee advanced Senate Bill 151 as amended, clearing the measure by voice vote. Senator Irving summarized the amendment and said it was brought by the Treasurer of State—s office to allow funds created under the bill to be invested so they "can maximize the benefits of this fund and invest those funds and make it grow."
Why it matters: The amendment is intended to give the fund manager broader authority to invest proceeds so the underlying program (previously discussed in testimony from UAMS clinicians) can gain financial support over time. Senator Irving noted prior testimony from UAMS doctors Patterson, Westbrook and Hutchins and tied the language to support for UAMS— efforts, including pursuit of NCI designation.
What happened: After brief remarks there were no committee or audience questions. A motion to "do pass as amended" was put before the committee and approved by voice vote; the chair announced the ayes had it. The transcript does not record a roll-call tally or named yea/nay votes.
Procedural note: Senator Irving identified the engrossed amendment by page and line references and said the change had been requested by the Treasurer of State—s office. The committee did not record any amendments on the floor beyond the engrossed language discussed in the presentation.
Next steps: The committee advanced the bill; the transcript does not specify the next committee or floor calendar date for SB 151.
