HB2275

THE CONTEXT: Current statute outlines the powers and duties of the Joint Legislative Budget Committee (JLBC) consisting of 16 members. JLBC has numerous powers and duties outlined in statute including to ascertain facts and make recommendations to the Legislature relating to the state budget, revenues and expenditures of the state (A.

WHAT THE BILL DID: The final vetoed version would direct a city, town or county, at least 90 days before entering into a settlement agreement that is $500,000 or more, to submit a settlement agreement report that describes the proposed terms to the: a) Governor; b) President of the Senate; c) Speaker of the House of Representatives; and d) Attorney General, mandate a city, town or county to submit a proposed settlement agreement to JLBC for review and recommendations for amending before they enter into a settlement agreement that is $1,000,000 or more, and specifies that if a settlement agreement of a city, town or county is finalized and not submitted to JLBC, the settlement agreement is not legally binding.

WHY IT MATTERED: The practical reason for this bill was to give the people who rely on the rule clearer information and a defined reporting process. It would direct a city, town or county, at least 90 days before entering into a settlement agreement that is $500,000 or more, to submit a settlement agreement report that describes the proposed terms to the: a) Governor; b) President of the Senate; c) Speaker of the House of Representatives; and d) Attorney General, and would also mandate a city, town or county to submit a proposed settlement agreement to JLBC for review and recommendations for amending before they enter into a settlement agreement that is $1,000,000 or more, rather than leave the current rule unchanged.