Transcript Highlights:

• Um, there's a limited amount of dollars that are available with the debt capacity that we have as reported
• by MMB. $700 million is a debt capacity.
• :51.040> we<00:02:51.280> have<00:02:51.760> as<00:02:52.080> reported debt
• capacity that we have as reported debt capacity that we have as reported by<00:02:52.560> MMB.
• by MMB. $700 million is a debt capacity. by MMB. $700 million is a debt capacity.

Keywords: 1187, senate, all

Transcript Highlights:

• Some of them may end up having student loan debt which they do not sign up for that.
• as the chief author of the 2025<00:21:02.240> HEAPER<00:21:02.720> funding.
• We are particularly grateful to Co-Chair Wolgamott again for authoring House File 3928, which carried
• <00:25:38.559> As authoring the bill for this project.
• As authoring the bill for this project.

Bills: HF4266

Keywords: higher education, state grants, financial aid, college affordability, Office of Higher Education, Minnesota State Grant, need analysis, expected family contribution, student aid, grant formula, living and miscellaneous expense allowance, dependent student, independent student, parental contribution, student contribution, surplus appropriation, biennium, summer 2026, 1183, house

Transcript Highlights:

• The bill authorizes a charter school to Assign its charter to another governing body.
• And how would they handle assets, debts, displacement of students, etc? Senator Rodriguez.
• The amendment recognizes gold and silver coin as legal tender for payment of debt.
• It can be used to pay debts, but it is not required.
• Between the state and federal authorities in prosecuting these offenses? Senator Ingoglia.

Bills: SJR59, SCR30, SCR46, SB31, SB127, SB324, SB401, SB407, SB467, SB482, SB506, SB529, SB584, SB619, SB636, SB646, SB647, SB659, SB715, SB732, SB735, SB771, SB784, SB800, SB801, SB816, SB1013, SB1026, SB1049, SB1055, SB1065, SB1137, SB1169, SB1181, SB1383, SB1395, SB1410, SB1433, SB1524, SB1531, SB1568, SB1640, SB1666, SB1681, SB1718, SB1754, SB1757, SB1972, SB1980, SB2004, SB2007, SB2041, SB2046, SB2050, SB2075, SB2076, SB2154, SB2173, SB2206, SB2225, SB2253, SB2268, SB2306, SB2308, SB2314, SB2322, SB2330, SB2351, SB2366, SB2371, SB2392, SB2398, SB2476, SB2533, SB2540, SB2544, SB2589, SB2610, SB2623, SB2660, SB2662, SB2693, SB2707, SB2717, SB2722, SB2742, SB2753, SB2779, SB2807, SB2843, SB2844, SB2858, SB2877, SB2880, SB2885, SB2920, SB2938, SB2986, HJR4, HCR35, SJR3, SJR18, SB5, SB260, SB1786, SB914, SB963, SB1197, SB1415, SB1437, SJR36, SJR50, SJR63, SJR84, SJR59, SCR12, SCR39, SCR46, SCR48, SCR19, SCR30, SCR3, SB2023, SB1433, SB2322, SB2877, SB407, SB1718, SB1395, SB62, SB666, SB847, SB284, SB854, SB1073, SB810, SB1505, SB583, SB1502, SB507, SB1026, SB1434, SB1376, SB1585, SB1772, SB2016, SB1163, SB619, SB1122, SB732, SB731, SB397, SB508, SB1436, SB287, SB261, SB1882, SB393, SB1791, SB529, SB209, SB2429, SB1999, SB511, SB2309, SB510, SB2253, SB584, SB1085, SB2314, SB2046, SB1975, SB2717, SB1262, SB1524, SB1137, SB636, SB2056, SB884, SB517, SB1200, SB1410, SB1845, SB1863, SB2681, SB2200, SB2199, SB1757, SB2050, SB2458, SB2201, SB1055, SB2660, SB2662, SB1065, SB801, SB2533, SB3014, SB3013, SB758, SB647, SB1721, SB2268, SB2366, SB1013, SB2797, SB2371, SB2383, SB646, SB1169, SB1754, SB2779, SB2004, SB2119, SB2448, SB1777, SB1283, SB2392, SB2076, SB2786, SB2876, SB2284, SB2225, SB1540, SB2920, SB2929, SB1972, SB2540, SB2742, SB2595, SB2217, SB715, SB2330, SB1383, SB500, SB1640, SB2001, SB2080, SB2722, SB506, SB2514, SB2623, SB2753, SB2398, SB1241, SB2927, SB2173, SB2538, SB898, SB467, SB1449, SB2529, SB1531, SB2846, SB2476, SB986, SB1181, SB2075, SB2154, SB2864, SB31, SB2880, SB1359, SB2386, SB771, SB2844, SB2550, SB1351, SB1423, SB1931, SB2245, SB2589, SB2707, SB2807, SB2351, SB410, SB659, SB816, SB2776, SB2693, SB2580, SB1980, SB1886, SB1234, SB739, SB482, SB456, SB127, SB1666, SB2843, SB2801, SB800, SB2055, SB784, SB2986, SB735, SB1012, SB324, SB2926, SB2938, SB2007, SB2138, SB1242, SB2615, SB1049, SB2310, SB1224, SB2972, SB1568, SB2841, SB2885, SB3016, SB2858, SB2610, SB2139, SB1856, SB2035, SB2308, SB2306, SB2041, SB1528, SB1681, SB1141, SB2401, SB2530, SB2375, SB547, SB1266, SB1373, SB1467, SB2069, SB2269, SB2480, SB2544, SB672, SB904, SB2695, SB2891, SB2422, SB2543, SB1854, SB317, SB2539, SB2532, SB2925, SB1250, SB2082, SB2203, SB457, SB2357, HJR4, HB135, HB 1109, HCR35, HCR64, SB2721, SB243, SB1285, SB2568, SB1959, SB1442, SB1454, SB2520, SB2541, SB1708, SB1237, SB1844, SB1586, SB1, SB260, SB31, SB467, SB482, SB647, SB732, SB816, SB1055, SB1137, SB1169, SB2004, SB2253, SB2268, SB2314, SB2351, SB2371, SB2623, SB2722, SB2779, SB2920, HJR4, SB407, SB1395, SB1433, SB1718, SB2322, SB2877, SB619, SB646, SB1026, SB2742, SB2880, SR443, SR449, SR456, SR460, SR465, SCR46, SB260, SB3062, HJR8, HJR31, HJR72, HJR99, HJR133, HB29, HB33, HB50, HB 107, HB 116, HB 125, HB140, HB141, HB155, HB171, HB227, HB255, HB363, HB368, HB491, HB609, HB630, HB745, HB767, HB913, HB917, HB 1135, HB 1188, HB 1238, HB 1242, HB 1261, HB1318, HB1404, HB1495, HB1507, HB1606, HB1708, HB1748, HB1851, HB1922, HB2002, HB2003, HB2198, HB2355, HB2358, HB2415, HB2457, HB2495, HB2546, HB2637, HB2763, HB2765, HB2798, HB2818, HB3228, HB3307, HB4116, HCR29, SB1410, SB3062, HJR8, HJR31, HJR72, HJR99, HJR133, HB29, HB33, HB50, HB 107, HB 116, HB 125, HB140, HB141, HB155, HB171, HB227, HB255, HB363, HB368, HB491, HB609, HB630, HB745, HB767, HB913, HB917, HB 1135, HB 1188, HB 1238, HB 1242, HB 1261, HB1318, HB1404, HB1495, HB1507, HB1606, HB1708, HB1748, HB1851, HB1922, HB2002, HB2003, HB2198, HB2355, HB2358, HB2415, HB2457, HB2495, HB2546, HB2637, HB2763, HB2765, HB2798, HB2818, HB3228, HB3307, HB4116, HCR29, SB1410

Keywords: education funding, Texas State Technical College System, capital projects, infrastructure, higher education, Birding Capital, Matagorda County, wildlife, conservation, Texas Legislature, Texas beef, cattle industry, agricultural heritage, Texas strip steak, economic growth, SB 31, Life of the Mother Act, Texas abortion law, medical emergency, reasonable medical judgment

Transcript Highlights:

• to which they inordinate amount of debt to which they can't<00:30:33.799> pay<00:30:34.080>
• The witness replied that they do not have the authority to pay for those services.
• to pay for those Services okay authority to pay for those Services okay yeah<01:05:25.160> and
• She said the language is to make sure they get paid and to give the department authority to pay them
• to pay them gives us the authority to pay them because<01:05:51.279> because<01:05:51.440>

Keywords: This meeting will take place upon adjournment of both chambers today. There is not an exact time, there for the live stream has been created with a place holder time of 4:00 PM est., 958, all

Summary: Chairman Hart called the meeting to order, confirmed a quorum, welcomed Representative Rachel Roarx, and the committee approved the February 11 minutes. The committee then moved through its agenda of PSC and related contract items, including a motion to consider the reviewed contracts without objection. One Department of Highways item was deferred when the virtual representatives were not yet available. The committee first took up Kentucky Housing Corporation contracts. Members questioned outside legal services for foreclosures and bankruptcies, why the work was not handled entirely in-house, and how much of the workload and cost it represented. Witnesses said the agency’s need was largely geographic rather than a lack of expertise, that less than 1% of the loan portfolio is referred out for foreclosures, and that many fees are reimbursable through FHA. Both Kentucky Housing Corporation items were approved. The committee then considered a Department for Community Based Services contract tied to a protest and a temporary renewal with PCG. Witnesses said the contract increase was needed to bridge the gap while the protest and RFP process were unresolved, and that the initial vendor received no funds. The committee approved the item, with Senator Douglas explaining his vote as a preference for straightforward answers. The committee also heard a Northern Kentucky University contract for a Workday ERP replacement, including implementation consulting and separate license fees. University officials explained the move from SAP to Workday, the complexity of the systems, and the need for a consulting partner; they said the total effort would span 10 years and that the contract was priced below comparable institutions. After extensive questioning about cost, budget, and value, the vote ended 4-4 and the chair noted the contract would move forward through the Finance Committee if no disapproval motion was made. Finally, the Office of Inspector General presented a contract for culture change training in nursing facilities funded by civil monetary penalties; witnesses said the goal was to improve staff satisfaction, communication, and resident outcomes, and that the CMP fund balance was about $38 million. Discussion also covered survey backlogs and CMS restrictions on the funds, with the item still under review as the transcript ended.

Transcript Highlights:

• <00:14:54.880> Um out a mountain of student loan debt.
• Um out a mountain of student loan debt.
• It can take the pressure off of student debt.
• <00:19:42.919> load graduating with a student loan debt load graduating with a student loan
• debt load averaging<00:19:44.120> around<00:19:44.360> $12,000.

Keywords: 1187, senate, all

Transcript Highlights:

• school board to annually report to the Department of Education about the total amount of school meal debt
• started its life seeking to require school boards to pay any unpaid and uncollectable school meal debts
• The American Heart Association does believe that school meal debt should not exist, and we believe that
• was the year that Delegate Patrick Hope passed the bill to begin prohibiting forms of school meal debt
• That was the... ...prohibiting forms of school meal debt shaming.

Keywords: Virginia Commission to End Hunger, 976, house, all

Transcript Highlights:

• So, they have to go and replace their truck with a $20,000 truck and roll that $10,000 of extra debt
• So, they have to go and replace their truck with a $20,000 truck and roll that $10,000 of extra debt
• ><00:21:04.640> $10,000<00:21:06.080> of<00:21:06.400> extra<00:21:06.799> debt
• <00:21:07.200> in and roll that $10,000 of extra debt in and roll that $10,000 of extra debt
• I think you explained what the primary product is, which is the debt waiver, the gap waiver that's in

Keywords: Meeting Start 00:00 Call to Order and Roll Call 00:09 Discussion SB 118 00:58 Vote SB 118 03:25 Discussion SB 153 04:39 Vote SB 153 17:48 Discussion SB 158 19:41 Vote SB 158 24:09, 958, all

Summary: The Senate Banking and Insurance Committee met for its first meeting of the 2026 session, called the roll, and welcomed new member Senator G. Gary Clemens. The committee first took up Senate Bill 118, which concerns credit property insurance and would codify existing practice in the Kentucky Revised Statutes. Sponsor Senator Brandon Storm explained that the bill clarifies the treatment of the product and, through a committee amendment, excludes GAP/vehicle protection products from its scope and aligns filing language with current law. The amendment was adopted, the bill passed with favorable expression, and the amendment was rolled into a committee substitute. The committee then heard Senate Bill 153, relating to the prevention of harmful and fraudulent practices. Senator Greg Elkins and witnesses from the Attorney General’s office, Kentucky Farm Bureau Insurance, and State Farm described the bill as a response to storm-chaser and contractor fraud after major weather events. They said the measure would codify current coordination between the Attorney General and the Department of Insurance, allow criminal enforcement in addition to civil actions, and formalize an emergency registration/placard system for out-of-state contractors and volunteer groups during disasters. Members asked about how the bill would affect homeowners who directly hire contractors and whether volunteer groups such as disaster relief organizations or Amish/Mennonite volunteers would be required to register; sponsors said direct hiring would not be affected and volunteers would be handled through a separate identification process. The committee substitute was adopted, the bill passed as amended, and members emphasized the need to protect homeowners from fraud and inflated costs. Finally, the committee considered Senate Bill 158, relating to vehicle financial protection. Senator Jason Howell and representatives of the Guaranteed Asset Protection Alliance explained that the bill modernizes and regulates GAP waivers and related consumer protection products, such as debt waiver and depreciation benefit agreements, while keeping them legal in Kentucky. Supporters said the bill would ensure providers are properly funded and bonded and would align Kentucky with other states. The bill passed with favorable expression, and the meeting ended on a note of bipartisan agreement on all three measures.

Transcript Highlights:

• So a two-part question, tech debt.
• If tech debt exceeds the amount of purchase of new software, then it would be beneficial to start the
• Is the technical debt so large that it's more beneficial to start looking for a replacement? Mr.
• I believe that the technical debt is significant, but I don't think, as Representative Cross asked, has
• anybody done a full analysis of exactly how big that technical debt is and how much it would cost to

Summary: The subcommittee heard a lengthy presentation on the Agency for Persons with Disabilities’ I-Connect system, based on an ILAB assessment of the platform’s performance and requirements. ILAB said the system provides useful centralized records, reporting, compliance support, and audit trails, but users described it as cumbersome, outdated, and inefficient, with excessive manual entry, weak navigation, limited notifications, no mobile app, poor printing/export options, and performance issues. ILAB also said the original 2013-era requirements were too high-level and that only a portion of the requirements could be verified, with some features de-scoped or never implemented. Their recommendations included better integration with electronic health record systems, improved performance monitoring, electronic signatures, OCR, and more modern export and verification tools. Public testimony from providers and advocates echoed those concerns. A support coordination provider said the system is nicknamed “I Disconnect,” described problems with EVV/GPS sign-ins, lengthy support plans, lack of a phone app, and possible HIPAA concerns. Another advocate said the system should have preserved family access to records and criticized the need for providers to use workarounds and additional software. APD staff said the agency has spent about $19.7 million through FY 2023-24, has regular build updates under the current contract with WellSky, and uses an internal help desk and vendor ticketing process to triage bugs versus enhancement requests. They said some issues are handled case-by-case, critical tickets have SLAs, and the agency is working on interoperability and other requested improvements. Members questioned whether the system should be fixed or replaced, whether the original contract and SaaS arrangement were sufficient, and whether the state received value for the money spent. APD said the system went live in phases and that all functionality was in place by June 2024, while ILAB and members noted significant technical debt and unresolved gaps. The committee also discussed record retention, provider access to records after a consumer changes providers, and whether federal funding or compliance could be affected. The meeting ended with broader budget remarks emphasizing completion over expansion, stronger upfront planning for technology projects, and more accountability before funding new systems or major enhancements.

Transcript Highlights:

• JAC removed spending authority where statutory authority already exists.
• JAC removed spending authority where statutory authority already exists.
• JAC removed spending authority where statutory authority already exists.
• spending authority where Remove spending authority where statutory<01:37:34.719> authority<01
• flex authority for the which authorized flex authority for the governor<02:05:12.639> to<02:05

Keywords: 916, all

Transcript Highlights:

• to limit uh the giving you authorization to limit uh the required<00:11:54.639> payment<00:11
• This takes away the right for adults to consume FDA-authorized products.
• debts debts um<01:30:52.880> yeah<01:30:53.080> I<01:30:53.159> mean<01:30:53.600
• We have to take everyone that's sent to us by the courts and by the Hawaii Paroling Authority.
• <01:43:56.119> there there have been a number of debts there there have been a number of debts

Keywords: 910, house, all

Summary: The committee heard testimony on several bills. HB 655 would limit collection of unpaid motor vehicle taxes, fees, and penalties to the most recent five consecutive years of delinquency. The Department of Transportation opposed the bill, saying it could significantly affect state and county revenues and that the fiscal impact was hard to estimate. The Tax Foundation noted the bill would shorten the existing collection period, while an individual testifier supported it as a narrow measure that would help owners of old or inherited vehicles. In questioning, the department said it could not quantify the cost but suggested it would prefer case-by-case flexibility rather than a fixed five-year limit. HB 697 would authorize Department of Transportation and Department of Law Enforcement personnel to inspect and certify evidence from automated speed enforcement systems and would appropriate funds for the program. The Department of Transportation supported the measure, citing the workload created by the red-light camera pilot and the need to assist police and prosecutors. The Department of the Attorney General supported the concept but recommended technical amendments so the verification language would apply consistently across the chapter and allow the appropriate reviewing entity to act. The committee also heard support from the AAHU Metropolitan Planning Organization and opposition from three individuals. HB 711 would require defendants convicted of causing the death of a parent or legal guardian of a minor child while driving under the influence to provide financial support to the surviving child. The Office of the Public Defender opposed the bill, arguing that criminal restitution must be tied to verified losses and that this type of long-term support is better handled in civil court, where trusts, conservatorships, and insurance claims can be addressed. The Department of Transportation supported the bill as a deterrent to impaired driving, and police, prosecutors, and an injury prevention group also submitted support. Members questioned whether the measure was better suited to civil litigation, and the public defender agreed that the civil system was the proper venue. HB 108 would allow direct shipment of beer and distilled spirits by certain licensees and require county liquor commissions to adopt rules. The Attorney General raised constitutional concerns, saying the bill’s different treatment of out-of-state manufacturers could violate the dormant Commerce Clause and recommended revisions. Brewers and distillers testified in support, saying the bill would put beer and spirits on a similar footing with wine direct shipment, help small producers reach consumers, and support the local economy without increasing underage access. They also said the bill should be amended to address grandfathering language. No final votes or committee actions were taken in the portion of the hearing provided.

Transcript Highlights:

• I mean, we give you bonding money to fix things and interest on debt, and, um, so on.
• I mean, we give you bonding money to fix things and interest on debt, and, um, so on.
• I mean, we give you bonding money to fix things and interest on debt, and, um, so on.
• I mean, we give you bonding money to fix things and interest on debt, and, um, so on.
• Fairview had a fair amount of debt.

Keywords: 1187, senate, all

Transcript Highlights:

• and thereby programs such as ours and thereby reducing<00:10:32.640> their<00:10:32.800> debt
• as they move in into reducing their debt as they move in into the<00:10:34.240> workforce.
• It says the following licenses authorities, license boards defined board of medical imaging, radiation
• It says the following licenses authorities, license boards defined board of medical imaging, radiation
• It says the following licenses authorities, license boards defined board of medical imaging, radiation

Keywords: 958, all

Summary: The committee first heard a presentation from Northern Kentucky building industry representatives Brian Miller and Matt Mains on housing affordability and construction workforce issues. They argued that regulatory and code requirements add significant cost to new homes, citing an estimate of nearly $94,000 per home nationally and $15,000 to $20,000 per home in Boone County over the past decade. They recommended reforms to building code adoption, architectural design mandates, permit fees and delays, and setback/land dedication rules, saying these changes could reduce costs by $25,000 to $35,000 per home without affecting public safety. They also discussed workforce training efforts through the Enzwe Building Institute, dual-credit programs, apprenticeship incentives, and workforce grants, saying these efforts have helped hold wage growth below regional trends and improve housing affordability. Committee members asked about the breakdown of regulatory costs, the effect of energy codes, and ways to speed up permitting. The presenters said the costs were roughly split among federal, state, and local requirements, with local regulations adding about $25,000 to $35,000 and some energy-code changes adding about $19,000 per home. They said faster plan review, coordination with the Kentucky Division of Water, and addressing municipal staffing shortages could cut 30 to 45 days from approvals. Members also discussed the difficulty of building starter homes under about $350,000 and the need for more missing-middle housing, with the presenters saying such homes are hard to produce without sacrificing quality. The committee then took up Representative Kim Moer and Dr. Dale Bertram’s discussion of marriage and family therapist licensing and healthcare workforce data reporting. They explained that the bill would allow Kentucky to recognize out-of-state marriage and family therapists who meet licensure requirements, have no disciplinary history, and have passed the national exam, in order to reduce barriers and address provider shortages, especially in rural areas. They also described a separate workforce data reporting section that would require licensure boards to collect consistent information on where licensees practice and whether they are actively seeing patients, including through telehealth, so the state can better understand its healthcare workforce. Members supported the portability idea, noted that some qualified applicants are currently working in Indiana instead of Kentucky, and asked whether the data collection could be handled administratively; the sponsors said the bill would create consistency across boards. The committee also briefly discussed occupational board updates and the need for stronger communication between legislators and licensing boards, including architecture licensure issues and efforts to recruit more professionals.

Transcript Highlights:

• and then offering wages based on the level of debt that people have.
• So if you have more debt, you get offered lower wages, right?
• <00:25:24.159> people<00:25:24.400> are level of consumer debt people are level of
• consumer debt people are carrying<00:25:25.360> and<00:25:25.600> then<00:25:25.840>
• on the level of debt that people have. on the level of debt that people have.

Keywords: 1187, senate, all

Transcript Highlights:

• I recognize the author of the bill, the member from Hennepin, Representative Green.
• Former Representative Frank Hornstein was the author.
• I recognize the author of the bill, the member from Hennepin, Representative Green.
• I recognize the author of the bill, a member from Anoka, Representative West. Thank you, Mr.
• Since it is customary to let the author of the bill speak last, I want to speak again.

Transcript Highlights:

• Williams, and others, is an act to amend Title 6 of the Delaware Code relating to the Medical Debt Protection
• In 2023, the General Assembly passed the Medical Debt Protection Act, which created a range of protections
• for patients from unfair debt collection practices for medical debt.
• Second, this bill adds a requirement that any party taking action to collect medical debt must disclose
• Again, this change is to assist the courts in applying the Medical Debt Protection Act appropriately.

Summary: The Senate received House communications listing numerous House-passed bills, substitutes, amendments, and concurrent resolutions, and then took up committee reports and a consent calendar. Consent Calendar 65 passed unanimously with 20 yes votes and included Senate Resolution 26 recognizing Black Women’s Equal Pay Day, House Concurrent Resolution 131 on apprenticeship programs for school-based mental health professionals, House Concurrent Resolution 137 on mathematics instruction review, and House Concurrent Resolution 148 on a statewide menopause education strategy. Later, Consent Agenda N also passed with the required two-thirds vote and included a large group of bills on evidence and witnesses, Family Court jurisdiction, theft by impersonation, realty transfer tax, auto insurance practices, child services and educational services, STD prevention, agricultural and forestry matters, menstrual disorder materials, a Smyrna charter change, massage/body work, dry needling, and lead poisoning screening. Several substantive bills were debated and passed. Senate Substitute 1 for Senate Bill 314, modernizing Delaware’s rape shield law and clarifying how courts handle evidence of prior false sexual assault allegations, passed 21-0. Senate Bill 347, a cleanup bill to the Medical Debt Protection Act that expands prohibited collection actions and requires disclosure when a collector is a large health care facility, also passed 21-0. House Bill 300, creating a statewide Title IX coordinator in the Department of Education to support compliance and data collection for interscholastic athletics, passed after debate; Senate Amendment 1 to the bill, which would have required athletes to compete according to biological sex, was defeated 6-14 with one absent, and the underlying bill then passed 20-0 with one absent. The Senate also passed House Substitute 1 for House Bill 84, which limits mandatory employee attendance at meetings where employers convey political or religious views, after questions about employer, union, and exemption coverage; House Substitute 1 for House Bill 301, which clarifies criminal penalties for violence, threats, and intimidation at polling places and election-related sites, passed after discussion of what conduct it would cover; House Bill 63, addressing fireworks disclosures and related regulation, passed 19-2 after senators discussed enforcement and impacts on veterans, children, and pets; and House Bill 348, updating the electric vehicle rebate program to give DENREC more flexibility and expand eligibility, passed 16-5. The chamber then recessed until the next day.

Transcript Highlights:

• Moving to the biggest part of the contribution rate is the debt payment on the unfunded.
• Moving to the biggest part of the contribution rate is the debt payment on the unfunded.
• That is at the contribution rate is the debt payment on the unfunded.
• Because we are using active member payroll to make that debt payment.
• We are using active member payroll to make that debt payment.

Keywords: 959, house, all

Summary: The Joint Committee on Public Employee Retirement held a hearing focused on the Missouri State Employees’ Retirement System (MOSERS) and its long-term financial condition. MOSERS staff and its investment consultant reviewed the system’s structure, membership, funding policy, and investment approach. They reported a June 30, 2025 funded ratio of 55.4%, with about $17.4 billion in liabilities and $9.6 billion in assets, and explained that the board certified a 32% employer contribution rate under its minimum contribution policy, up from 30.25%, which will increase state appropriations. They also described the system as mature, with more retirees and inactive members than active employees, and said declining payroll growth has made it harder to improve funding. The presentation emphasized that recent board actions were intended to strengthen the plan over the long term, even though they increased near-term costs. Those changes included lowering the assumed investment return over time to 6.95%, updating mortality assumptions, moving from an open to a closed amortization schedule, and adopting a minimum employer contribution policy. The investment consultant said MOSERS historically used a more risk-balanced asset allocation than many peers, which helped explain weaker relative returns during a long period when public equities outperformed; the board has since shifted toward a more equity-oriented allocation. He said recent performance has improved, with the portfolio outperforming its policy index and ranking better against peers in the short term, though longer-term peer performance remains a concern. Committee members questioned why the funded ratio had declined over roughly 20 years and whether past investment and actuarial assumptions were too optimistic or too conservative. MOSERS officials responded that the current board is trying to correct earlier decisions and that the present strategy is more in line with industry practice. Members also discussed a proposed MOSERS bill package that would automatically refund small balances to terminated non-vested members and increase deferred compensation auto-escalation, with officials saying the refund provision would improve efficiency and return small balances sooner. The committee also briefly discussed ongoing litigation involving Catalyst Capital; MOSERS said attorney fees have been about $20 million so far, the case remains on appeal, and the damages amount is sealed. No formal votes were taken, and the committee adjourned after questions and discussion.

Transcript Highlights:

• program is designed can graduate from college with a teaching certificate and a job with no student debt
• program is designed can graduate from college with a teaching certificate and a job with no student debt
• College with a teaching certificate and a job with no student debt. >> Thank you.
• . they get out of school with more debt.
• With a mountain of debt is a win in my opinion. And I appreciate you bringing the bill.

Keywords: 958, all

Transcript Highlights:

• The agency will also use the needs assessment to understand the amount of technical debt.
• Our technical debt is huge.
• It standardizes the authorized use of funds among scholarships.
• It standardizes the authorized use of funds among scholarships.
• The bill does continue local government's authority to control setbacks and permitting.

Summary: The Senate opened with prayer, the Pledge of Allegiance, doctor and guest introductions, and then took up Committee Substitute for Senate Bill 168, the Tristan Murphy Act, on mental health. Senator Bradley described the bill as a major criminal justice and behavioral health reform measure that would expand pretrial mental health diversion, strengthen treatment-based probation conditions, broaden grant uses for mental health and substance abuse programs, add Hillsborough County to a forensic hospital diversion pilot, require certain DOC mental health evaluations, and create a Florida Behavioral Health Data Repository. Senators from both parties spoke in strong support, emphasizing treatment over incarceration, public safety, data collection, and the Murphy family’s role in advancing the bill. The Senate passed the bill 37-0 and then approved 37 co-sponsors. The chamber then received the Senate’s 2025-26 General Appropriations Bill, SB 2500, with Chair Hooper outlining a $117.4 billion budget that he said reduces spending, preserves reserves, and includes major investments in water quality, transportation, education infrastructure, and reporting requirements. Committee chairs summarized their portions: K-12 funding at $34.7 billion with increases for FEFP, scholarships, VPK, school hardening, and school safety; higher education at $11.5 billion with workforce, nursing, reading, autism, and student aid investments; health and human services with a $1.8 billion increase for Medicaid, mental health, opioid response, disability services, and veterans programs; criminal and civil justice at $7.6 billion for corrections, juvenile justice, law enforcement, courts, and judgeships; transportation/tourism/economic development at about $18 billion including roads, housing, Visit Florida, and cultural grants; and agriculture/environment/general government with major Everglades, water quality, citrus, food bank, and agency IT funding. Members then questioned several budget items, especially education funding formulas, the shift of scholarship dollars below the line, the impact on public school districts, AP/IB and other accelerated program funding, the APD wait list, opioid settlement spending, arts grants, and the My Safe Florida Home and condo pilot programs. Chairs generally said scholarship and accelerated-program dollars were being restructured for transparency and flexibility rather than cut, that school districts would still receive funding based on enrollment, and that APD and other human services issues would continue to be worked out in conference. The budget discussion concluded with remarks praising staff and noting a 4% across-the-board pay raise for state employees and targeted increases for law enforcement and firefighters, followed by a recognition for FAMU Day at the Capitol.

Transcript Highlights:

• that through the hearing process in the Senate, and I think some work in the House and the chief author
• <00:26:31.760> that budget and we will have authorized that budget and we will have authorized
• It starts with the first line: medical covering on driver's license photograph authorization.
• <00:40:11.119> Senator uh photograph authorization. Senator uh photograph authorization.
• only provision that authorizes a person only provision that authorizes a person to<00:41:12.400>

Keywords: 1187, senate, all

Transcript Highlights:

• Section one, lines two through three clarify that the department's authority extends to all statutes
• The intention is not to take authority over the public record or over the record from the commission.
• The intention is not to take authority over the public record or over the record from the commission.
• The intention is not to take authority The intention is not to take authority over<00:06:19.360>
• because they already have this authority because they already have this authority under<00:07:52.160

Keywords: 1191, senate, all