Chief Patron: Gooditis
HB 723: Electric Cooperatives Board of Directors

Item 490 #3h

Language
Page 515, line 20, strike "$33,989,788" and insert "$34,039,788".

Explanation

(This amendment provides funding from the general fund in the first year for House Bill 723, which makes changes to rules for electric cooperatives' boards of directors. Specifically, the bill requires direct elections for board seats, that meetings of the board be open to members of the cooperative, that recordings of the meetings be made publicly available, and for the board to make certain disclosure to its members annually. This is a placeholder amendment until a final fiscal impact statement is produced.)