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SB 682 — Federal Grants Trust Fund/Department of Financial Services

by Senator Hays

This summary is provided for information only and does not represent the opinion of any Senator, Senate Officer, or Senate Office.

Prepared by: Appropriations Committee (AP)

The bill re-creates the Federal Grants Trust Fund, without modification, within the Department of Financial Services. This fund serves as a depository for grants and funding from the federal government.

If approved by the Governor, these provisions take effect July 1, 2014.

Vote: Senate 39-0; House 117-0