Public Hearing in Senate Finance Committee for SB 8
Chair Nelson stated that the Committee will only receive testimony on SB8 since SB2 is included in its entirety in SB8.
The Chair laid out the Bill.
SB 8 appropriates a total of $16.3 billion from ARPA -- $15.8 billion from the Coronavirus State Fiscal Recovery Fund and another $500.5 million from the Coronavirus Capital Projects Fund, including:
$7.2 billion to replenish the Unemployment Compensation Fund, ensuring that businesses are not faced with an increase in unemployment taxes due to pandemic-related layoffs;
$3 billion to deploy hospital surge staffing, purchase therapeutic drugs, and support regional infusion centers;
$3.7 billion to cover salaries and benefits for state employees directly working on pandemic response;
$500.5 million for broadband expansion, with $75 million of those funds designated for a broadband pole replacement program (out of the Coronavirus Capital Projects Fund);
$500 million for construction projects at institutions of higher e