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Senate Finance advances H.952 with reallocations, loan expansions and park lease authority
Summary
The Senate Finance Committee reviewed H.952 (the capital bill), accepted multiple Senate Institutions amendments — including reallocations that raised bonding totals, expanded low‑cost loan eligibility for certain mobile‑home-park water systems, and time‑limited lease authority for Little River State Park — and voted to report the bill favorably, 6‑1.
Senate Finance advanced H.952, the two‑year capital adjustment bill, after staff walked members through a sequence of House and Senate amendments that change bonding totals, reallocate unused prior funds and add several policy provisions.
Committee staff said the bill’s opening section sets the biennial bonding authorization (described in the briefing as about $122 million) and that the House’s update and the Institutions Committee’s amendments together increase the total above typical advisory guidance by reclaiming previously unused funds (a process staff called “reallocation” or “reversion”). Staff cited one specific reclaim of $868,850 from a 2021 capital bill item that helped cover urgent repairs and other reallocated needs.
The committee reviewed several substantive changes in the Institutions amendment. A provision from the Department of Environmental Conservation expands eligibility in an existing loan program to certain mobile‑home‑park water systems that are…
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