Bill > S1500

This bill amends Section 29J of Chapter 29, which deals with state administration and regulatory oversight, by adding a new sentence that clarifies the definitions of "state agency" and "state funds" for the purposes of that section. Specifically, "state agency" will now explicitly include public higher education institutions and associations of their trustees, and "state funds" will encompass all money these agencies and authorities are legally allowed to receive and spend, including any trust funds they manage. This clarification aims to ensure a consistent understanding of what constitutes state funds and which entities are considered state agencies when applying the provisions of Section 29J.