This Amendment changes the language regarding the removal of the cap of the Trust to mirror language found accomplishing the same purpose in SB 144, to ensure there is no conflict.

Plain English Breakdown

The official source material does not provide specific details about how often or under what circumstances the cap can be changed, nor does it specify that the DMHRA Board adjusts the cap based on costs.

Amendment to Remove Cap on Trust Fund

This amendment changes how the cap on a trust fund can be adjusted or removed to match similar language in another bill.

What This Bill Does

• Changes the rules about adjusting or removing the cap on a trust fund.
• Uses the same wording as SB 144 for consistency.

Who It Names or Affects

• The DMHRA Board
• People involved with the trust fund

Terms To Know

DMHRA Board

A board responsible for managing and adjusting the rules of a specific trust fund.

Trust Fund

A financial account set up to manage money for specific purposes, in this case managed by the DMHRA Board.

Limits and Unknowns

• The exact impact on people involved with the trust fund is not detailed.
• It does not specify how often or under what circumstances the cap can be changed.

Official Summary Text

This Amendment changes the language regarding the removal of the cap of the Trust to mirror language found accomplishing the same purpose in SB 144, to ensure there is no conflict.

Current Bill Text

Legislation Document

SPONSOR:

Rep. Hilovsky

HOUSE OF REPRESENTATIVES

153rd GENERAL ASSEMBLY

HOUSE AMENDMENT NO. 1

TO

HOUSE BILL NO. 193

AMEND House Bill No. 193 by deleting lines 5 through 13 in their entirety and inserting in lieu thereof the following:

“(e) The

DMHRA Board may establish and adjust the

cap on the Trust Fund

is $15 million. The cap may be adjusted, eliminated, or reinstated by the Board at any time, subject to the voting requirements under § 7041(c)(3) of this title.

based on the costs reasonably necessary to carry out the purposes of the Trust Fund under subsection (b) of this section.

“.

SYNOPSIS

This Amendment changes the language regarding the removal of the cap of the Trust to mirror language found accomplishing the same purpose in SB 144, to ensure there is no conflict.