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Committee tables bill to let CETA use preferred dividends after finance questions
Senate Standing Committee on Resources, Economic Development and Workforce · January 29, 2026
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Summary
Senate Bill 24-52, which would let CETA/SIDA use preferred dividend funds to carry out Public Law 22-1 economic development mandates, drew robust testimony from Director Sasamoto and was tabled to allow further legal and fiscal review.
Senator Manny Castro introduced Senate Bill 24-52 to authorize the Commonwealth Economic and Trade Authority (CETA / SIDA) to use preferred dividend receipts as a funding source to implement the agency’s duties under Public Law 22-1.
Director Sasamoto told the committee the preferred dividend stream provides recurring…
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