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Appropriations panel advances substitute altering Climate Commitment Act account structure
Summary
The committee advanced the proposed substitute of House Bill 2,251 to replace three Climate Commitment Act accounts with an operating and capital account and set revenue splits; two floor amendments seeking to add allowable uses for funds were rejected after debate over priorities and declining auction revenue.
The House Appropriations Committee on Jan. 30 voted to report substitute House Bill 2,251 out of committee with a due‑pass recommendation after debate over how to prioritize Climate Commitment Act (CCA) auction revenues.
Dan Jones briefed members that the substitute would repeal three CCA accounts and create an operating account and a capital account. Under the substitute described in committee, each fiscal year the first $25,000,000 of CCA auction revenue would go to the operating account (adjusted annually by…
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