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Senate Government Operations Committee advances H.567, treasurer-backed unclaimed-property bill
Summary
The Senate Committee on Government Operations on April 22 voted 5-0-0 to advance H.567, a bill that raises the unclaimed-property threshold and allows short-term transfers into the "Vermont Saves" program before returning funds to the higher education endowment. Members reported no amendments and sent the measure on for further fiscal review.
The Senate Committee on Government Operations on April 22 voted to advance H.567, legislation that would raise the unclaimed-property threshold and authorize short-term transfers to the "Vermont Saves" program before returning funds to the higher education endowment, sending the bill on for additional fiscal review after a 5-0-0 voice vote.
The committee chair, who opened the meeting and handled debate, said members had not proposed amendments and summarized earlier testimony from Deputy Treasurer David Scherr. "We heard from the Deputy Treasurer, David Scherr, who I think…
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