The Senate Finance Committee has approved two bills to be reported to the floor with the recommendation that they pass.
SB 185 would allow spending units to designate the fund which the proceeds from the sale of surplus property must be deposited when the fund that was used to purchase the property is no longer in existence.
The bill was first reported from Senate Government Organization with the recommendation that it pass.
SB 365 would maintain the solvency of the Unemployment Compensation Fund and extend the time period for borrowing funds from the Revenue Shortfall Reserve Fund for the Unemployment Compensation Fund to September 1, 2018.
The committee’s next meeting has not yet been announced.
