This week in the Legislature
Last week capped the final adjustments to the state’s $8.9 billion budget package for the next two years.
Legislative bills 327, 332 and 331, introduced by Speaker Jim Scheer of Norfolk at the request of the governor, were the final three bills of the budget package. They all passed last Tuesday, although LB331 failed before a reconsideration vote was taken.
LB331 creates funds, makes fund transfers and lowers the minimum cash reserve requirement for the biennium from 3 to 2.5 percent. It failed on final reading 31-12, but passed on reconsideration 36-12 with enough votes to take effect immediately.
LB332 allows for transfers to and from the Cash Reserve Fund. It passed final reading with a 35-10 vote.
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