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Committee accepts substitute narrowing HB 230 to joint‑venture rules
Summary
The House Insurance Committee accepted a substitute for House Bill 230 that narrows the bill to provisions governing the creation, dissolution and management of joint ventures; the substitute was approved without objection and no opponent testimony was offered.
The House Insurance Committee approved a substitute for House Bill 230 during its meeting. Representative John moved "I move to accept L1361289-3 as a substitute bill to House Bill 230," and, after the substitute was explained as narrowing the bill to the governance of joint ventures and their members, the committee approved the substitute without objection.
The substitute was provided by the bill sponsor's office and, according to the sponsor, reflects discussions with interested parties and limits the bill’s scope to creation, dissolution and management provisions. The committee recorded no opponent or interested-party testimony in person for the third hearing.
The chair closed the third hearing on HB 230 following the substitute approval.
