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Committee backs amended bill to set up Vermont prescription drug discount card program
Summary
The Ways & Means Committee voted to report H 5 77, as amended (draft 2.3), which removes state fee-collection language and expands an existing financial literacy trust fund to cover administration of a prescription drug discount card program; deputies from the Treasurer's Office testified the program can save Vermonters money and be managed within existing fund structures.
The Ways & Means Committee voted to report H 5 77 as amended on Friday, advancing a bill that would establish a Vermont prescription drug discount card program and authorize the State Treasurer to administer related funds.
Legislative counsel presented draft 2.3 of the amendment, which removes language authorizing the state to charge fees to participants and directs monies received through transfers, gifts, grants, donations or cooperative arrangements to an existing Financial Literacy and Economic Empowerment Trust Fund administered by the State Treasurer. "Monies received from the program . . . shall be deposited" in that trust fund, counsel said while explaining the cleanup and consolidation in the draft.
Deputy Treasurer David Chair told the committee the Treasurer's Office supports the changes and can manage the…
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