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Federal Funding Cut Bill Passes Committee (Feb 19, 2013)

OKLAHOMA CITY (AP) - State agencies would be required to prepare for a 25 percent cut in federal funding under a bill approved by a House committee.

The House States' Rights Committee voted 9-1 on Tuesday for the bill by new House Speaker T.W. Shannon.

Dubbed the Office of State Finance Act, the measure requires all state agencies to report and prioritize the amount of federal funding received and create a contingency plan to prepare for a 25 percent reduction in that money.

Shannon said such a move is necessary because ``the federal spending machine has spiraled out of control.''

State finance officials say more than $7 billion in federal funding flows into various state agencies.



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