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2017 Session

Budget Amendments - HB1500 (Floor Approved)

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Report on Potential New Investment Program (language only)

Item 278 #2h

Item 278 #2h

Finance
Department of the Treasury

Language

Page 253, after line 21, insert:

"J. The Department of the Treasury shall not implement a new investment program for political subdivisions that features floating net asset value unless a plan detailing such program is first submitted to the Chairmen of the House Appropriations and the Senate Finance Committees."  



Explanation

(This amendment is self-explanatory.)