Transcript Highlights:

• international waters. international waters. >> Okay. >> Okay. >> Okay.
• what eventually becomes international what eventually becomes international waters. waters. waters
• . code. code.
• adding it to existing code.
• <01:46:53.040> from more than 25% of your revenue from more than 25% of your revenue from

Keywords: 1136, house, all

Transcript Highlights:

• So our state law says we have adopted the Internal Revenue Code as amended through May 1st, 2023.
• So our state law says we have adopted the Internal Revenue Code as amended through May 1st, 2023.
• revenue revenue neutral as are typically revenue revenue neutral as is<00:30:02.440> Minnesota's
• tax, so this applies to all the business deductions under the federal Internal Revenue Code.
• tax, so this applies to all the business deductions under the federal Internal Revenue Code.

Keywords: 1183, house

Summary: The House Tax Committee met for an organizational and orientation session. Members and staff introduced themselves, with several lawmakers noting their districts, business backgrounds, and interest in tax policy. Chair Greg Davids then opened the committee’s first substantive item: a presentation from House Research and House Fiscal staff on how the committee works and on basic tax concepts. House Research staff Sean Williams and Chris Clayman explained their roles in drafting bills and amendments, writing bill summaries, answering legal and policy questions, and modeling tax proposals. They also described the committee’s key documents, including partisan and nonpartisan bill summaries, revenue estimates, fiscal notes, and supporting materials. Their presentation covered core tax concepts such as tax bases, rates, deductions, exemptions, credits, tax revenues, and tax expenditures, emphasizing that tax expenditures function like spending through the tax code and are reviewed by a legislative commission. The staff then reviewed Minnesota’s major taxes, focusing on the individual income tax and business taxation. They explained that Minnesota’s individual income tax starts with federal adjusted gross income, then applies state additions, deductions, subtractions, and credits, and that the state’s income tax brackets and rates are set separately from federal law. They also outlined the difference between corporate franchise taxes for C corporations and individual income tax treatment for pass-through entities, and discussed how the federal SALT cap led Minnesota and other states to adopt pass-through entity taxes so businesses could preserve federal deductibility of state taxes. Members asked questions about a duplicate “marriage penalty” entry on a slide, the purpose of Minnesota’s marriage penalty credit, comparisons with other states, and the timing and effect of the pass-through entity tax; staff answered that the duplicate was a mistake, the credit offsets bracket-related marriage penalties, and the pass-through entity tax was adopted in response to the federal SALT cap.

Transcript Highlights:

• and Administrative Code.
• Dakota and oversees the simulcast wagering, which generates the majority of our revenue.
• Expenditures were coded to the promotion fund as a matter of routine practice.
• , the Restatement of Contracts, the Model Penal Code, the model codes that states should follow, they
• The Restatement of Contracts, the Model Penal Code, the model codes that states should follow.

Summary: The committee opened with a moment of silence for a deceased member, then approved the April minutes and heard a presentation from HHS on the Diversion Task Force and related youth services grants. Chelsea Florey described the $750,000 one-time appropriation from HB 1012, the five awarded grants, and how programs in Bismarck, Fargo, Grand Forks, and Minot are using the funds for youth diversion, including school-based groups, physical activity, and services for problematic sexual behavior. Members raised concerns about staffing shortages, family engagement, service silos, and whether diversion eligibility rules are too rigid; Florey said the task force is focused on better coordination, broader education about available services, and possible changes to diversion criteria, with the Children’s Cabinet likely to drive broader recommendations. The committee then received a North Dakota Lottery biennium report from Director Thomas Lawler, who reviewed the lottery’s history, games, retailer commissions, player programs, and revenue distribution. He reported about $67 million in ticket sales for the 2023-2025 biennium, about $16.2 million transferred overall, including roughly $13.6 million to the general fund, plus transfers to drug task force and compulsive gambling funds. Members asked about the compulsive gambling allocation and whether it is set by statute. Next, the Department of Corrections presented on criminal justice data sharing and reentry. Adam Anderson explained that jails, courts, DOCR, HHS, and other entities use separate systems with limited interoperability, making real-time communication largely manual. He outlined possible hub or point-to-point IT solutions, but noted cost, vendor, identifier, and data-definition challenges. Robin Schmolenberger followed with an update on a Medicaid data exchange project between DOCR and HHS to suspend and reactivate inmate Medicaid coverage automatically and improve care coordination, with full bi-directional exchange expected in fall 2026. The committee also heard from county representatives on 24-7 sobriety program fees and an AG opinion allowing local sheriffs to use cheaper testing options when courts waive fees. Finally, the North Dakota Racing Commission reviewed a troubling audit. Bruce Johnson acknowledged serious findings involving overspending from the promotion fund, missing grant documentation, a reversed decision on breeders fund eligibility, and repeated procurement violations. He said the commission has begun corrective actions, including monthly tracking of the promotion fund cap, stricter grant documentation, written procurement procedures, and clearer eligibility rules in condition books. Members pressed him on how the overspending occurred, whether the commission board would impose consequences, and whether statutory clarification is needed on the promotion fund limit and related spending rules.

Transcript Highlights:

• I'm especially interested in the Office of Insurance and the Department of Revenue.
• The tribal gaming revenue, on the other hand, is $357 million.
• The tribal gaming revenue, on the other hand, is $357 million.
• The Commission is funded by both general revenue and trust fund dollars.
• The Commission is funded by both general revenue and trust fund dollars.

Summary: The State Administration Budget Subcommittee met for an introductory overview of the agencies under its jurisdiction and their current-year budgets. Chair Vicki Lopez welcomed members and staff, and each member briefly introduced themselves and identified areas of interest, with recurring themes including fiscal restraint, insurance regulation, revenue administration, condominium issues, and government efficiency. The chair then outlined the subcommittee’s overall budget, about $3.1 billion, and noted major recent policy areas affecting the budget such as condominium legislation and emergency communications funding. Agency heads then presented high-level summaries of their missions and budgets. The Department of Revenue described property tax oversight, tax administration, and child support enforcement; the Department of Management Services reviewed state purchasing, telecommunications, fleet, state insurance, retirement, and digital services; DBPR highlighted licensing, enforcement, condominiums, and building code work; DFS covered insurance consumer services, risk management, unclaimed property, fire marshal functions, and criminal investigations; the Gaming Control Commission discussed pari-mutuel and tribal gaming oversight and enforcement; OIR explained insurer solvency and rate review; the Lottery emphasized education funding and record sales; OFR described regulation of banking, securities, lending, and money services; DOAH outlined administrative and workers’ compensation adjudication; PSC covered utility rate regulation and consumer complaints; PERC described labor relations and career service appeals; and FCHR summarized discrimination complaint investigations and outreach. Several members asked questions about utility returns, insurance regulation staffing, DMS’s state employee health plan deficit and prescription drug formulary management, agency recommendations for reducing regulatory burden, and state facilities usage. Responses generally emphasized that utility rates and insurer filings are determined through evidentiary and actuarial processes, that OIR has reduced vacancies but still seeks specialized staff and a Tampa office expansion, and that DMS acknowledged rising health plan costs and said the issue likely requires broader budget-level discussion. The chair also pressed multiple presenters to stay focused on agency operations and budgets rather than broader policy issues. No votes or formal actions were taken in the meeting.

Transcript Highlights:

• demonstrated a lifelong commitment to community leadership through his extensive involvement in Rotary International
• Revenue and Taxation. Excuse me, thank you, Mr. President.
• Revenue and Taxation will meet immediately, as soon as we have a quorum in 230.
• Revenue and Taxation. Excuse me, thank you, Mr. President.
• Revenue and Taxation will meet immediately, as soon as we have a quorum in Room 230.

Bills: HB1675, HB3242, HB1739, HB3320, HB3047, HB4434, HJR1089, HB4432, HB3718, HB3705, SR43, HB1933, HB4248, SB1847, SB1778, HJR1086, HB3001, HB3002, HB3003, HB3004, HB3005, HB3007, HB3008, HB1590, HB1242, HB3818, HB4305, HB1979, HB1225, HB3931, HB4454, HB3849, HB1746, HB3720, HB4275, HB4300, HB3586, HB2268, HB3755, HB4117, HB4294, HB3650, HB4298, HB3270, HB3145, HB3056

Keywords: emergency management, severe weather, youth camp, summer camp, overnight camp, day camp, outdoor education, adventure camp, wilderness program, campground safety, tornado preparedness, flooding, flash flood, high winds, hail, lightning, extreme heat, extreme cold, wildfire smoke, evacuation plan

Summary: The Senate convened with a quorum, opened with prayer and pledges, and recognized several visiting groups and honorees, including students from Wesleyan Christian School, Claremore Day participants, and a tribute to Dr. J. Craig for his Marine Corps service, chiropractic career, and aid to first responders after the Oklahoma City bombing. The chamber also welcomed a Cricket Oak High School AFJROTC unit and the Lincoln Christian wrestling team, both recognized for recent achievements. The Senate then adopted Senate Resolution 43 commemorating the 31st anniversary of the Oklahoma City bombing and honoring victims, survivors, and first responders. The Senate took up House Bill 1933, first rescinding prior action and then adopting a floor amendment to correct a drafting error and shift a penalty provision; the bill then passed 47-0. House Bill 4248, which would require purchasers of hemp beverages to be 21 and treat them similarly to beer for age purposes, passed 45-0 after brief discussion about whether it had medical implications. The Senate also adopted House amendments to Senate Bill 1847, described as a compassion bill that would have saved the state money, and passed it 35-11 before later approving it as an emergency measure with 43 ayes. The chamber next adopted House amendments to Senate Bill 1778, a major literacy bill adding early intervention, teacher training, and optional early ELA testing for second graders, along with good-cause exemptions; it passed 43-2 and then as an emergency measure. The Senate also passed House Joint Resolution 1086, approving rules from several agencies, by 42-4. Finally, the Senate advanced and passed a series of sunset-extension bills for boards and councils, including the Child Death Review Board, county government training commission, Board of Chiropractic Examiners, Board of Examiners in Optometry, Oklahoma Climatological Survey, several environmental advisory councils, and the Board of Tests for Alcohol and Drug Influence, with most later receiving emergency passage. The Senate concluded with announcements of upcoming committee meetings and adjourned until April 25, 2026 at 1:30 p.m.

Bills: HR207, SB2595, SB3199, SB3132, SB2591, SB2089, SB2108, SB2970, SB2530, SB2442, SB3076, SB2532, SB2721, SB2055, SB2312, SB2152, SB2438, SB2982, SB2528, SB2919, SB2446, SB2315, SB2544, SB2060, SB2069, SB3011, SB2342, SB2075, SB2578, SB2580, SB2835, SB3084, SB3322, SB3053, SB888, SB709

Keywords: Dr. David Lassner, higher education, community engagement, university leadership, innovation, Hawaii education system, agribusiness, leasing, agriculture, Hawaii, food innovation, Department of Education, mental health, emerging therapies, psychedelic treatment, task force, clinical trials, trauma recovery, MDMA, psilocybin

Transcript Highlights:

• manager; Scott Peters, my committee aid; Yani Kambakuran, our legislative aid; and Sarah Imata, our UH intern
• Imata,<00:18:56.440> our<00:18:57.159> um<00:18:57.320> UH<00:18:57.600> intern
• <00:18:58.600> Thank and Sarah Imata, our um UH intern.
• Thank and Sarah Imata, our um UH intern.

Bills: HR207, SB2595, SB3199, SB3132, SB2591, SB2089, SB2108, SB2970, SB2530, SB2442, SB3076, SB2532, SB2721, SB2055, SB2312, SB2152, SB2438, SB2982, SB2528, SB2919, SB2446, SB2315, SB2544, SB2060, SB2069, SB3011, SB2342, SB2075, SB2578, SB2580, SB2835, SB3084, SB3322, SB3053, SB888, SB709

Keywords: Dr. David Lassner, higher education, community engagement, university leadership, innovation, Hawaii education system, agribusiness, leasing, agriculture, Hawaii, food innovation, Department of Education, mental health, emerging therapies, psychedelic treatment, task force, clinical trials, trauma recovery, MDMA, psilocybin

Transcript Highlights:

• Item 3: Data center services recommendations include an additional $0.4 million in general revenue.
• Revenue to maintain current obligations for shared technology services.
• fund, and 24% or $819,000 from the general revenue dedicated water resource fund.
• Ben, I want to say to everyone listening, or if you're an intern, Ben started in our office as an intern
• as a UTSA. an intern out of San Antonio.

Bills: SB1, SB 1

Keywords: appropriations, budget, state funding, education, healthcare, infrastructure, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1185, senate, all

Transcript Highlights:

• I've been able to have two interns this year in my office, Jacob.
• and also the gentleman from Texas's intern.
• The Tourism Supplemental Revenue Fund receives a general revenue transfer to maintain the operations
• When we see the revenue that is generated... Thank you.
• Is this a new general revenue request? Absolutely not.

Summary: The House convened with prayer and the Pledge of Allegiance, approved the House Journal for the 64th day by a 125-0 roll call vote, and then spent much of the morning on personal privileges and introductions of guests, interns, students, and special recognitions. Members welcomed school groups, interns, a Savannah Bananas guest, and several family members, and also noted birthdays and Mother’s Day greetings. On legislation, the chamber first agreed to go to conference on Senate Substitute for Senate Bill 1421, appointing a House conference committee. The House then took up Senate Bill 1000, which reauthorizes the Missouri Tourism Supplemental Revenue Fund and updates outdated tourism funding language; members from both parties spoke in support of tourism as an economic driver, and the bill passed 136-6. The House also considered House Committee Substitute for Senate Bill 1020, an omnibus Department of Revenue bill addressing fee office contracting, vehicle registration and related penalties, Real ID document retention, five-year license plates, and emissions-related provisions. Members adopted amendments reducing late-registration penalties, making document retention opt-in, restoring a five-year plate option, and removing cosmetic damage as a basis for rejecting rebuilt vehicles; despite debate over emissions testing and air quality, the bill passed 130-10. The chamber then moved to House Committee Substitute for Senate Bills 835 and 1111, a combined judiciary/civil legislation package. Members described it as a vehicle for several vetted measures, including anti-assignment-of-benefits language for insurance claims, the Uniform Public Expression Protection Act, and court administration changes such as workers’ compensation procedures, judgeships, automation fees, law library surcharges, and expungement fund provisions. Amendments were offered and adopted to adjust attorney-fee language in the anti-SLAPP provisions and to add a St. Louis police legal-expense-fund provision, though the latter drew objections over procedure and whether it had received a hearing. The transcript cuts off while debate on that amendment is still underway, and no final vote on the bill is shown.

Transcript Highlights:

• That starts to drop the percent, they call it net patient revenue.
• That starts to drop the percent, they call it net patient revenue.
• And we had to reduce and modify our internal operations as well.
• And then immediate implementation of internal corrective actions.
• Long term, modernize our data systems and internal controls.

Keywords: House Room C, General Assembly Building, 976, house, all

Transcript Highlights:

• It also has the Miami International Airport in the entire district.
• Your Florida Building Code is one of the strongest building codes in the nation.
• Bowen was explaining about, you know, stacking like building codes where we have a building code at the
• Bowen was explaining about, you know, stacking like building codes where we have a building code at the
• state level. you know, stacking like building codes where we have a building code at the state level

Summary: The Intergovernmental Affairs Subcommittee held its first meeting of the 2025 session and focused on an overview of county and municipal home rule powers and state preemption. After roll call and member introductions, Chair Alex Rizzo and Vice Chair Griff Griffiths explained the constitutional and statutory basis for local self-government, the distinction between charter and non-charter counties, and how express and implied preemption limit local authority. Griffiths emphasized that home rule gives local governments broad power to address community needs, but the Legislature can override that authority through clear preemption, with courts ultimately deciding disputes. Representatives Holcomb and LaMarca added that local issues should generally be addressed locally first, but statewide standards can be appropriate when uniformity is needed or local action is ineffective. The committee then heard from a panel representing counties, cities, business, and construction interests: Ginger Delegal of the Florida Association of Counties, Carolyn Johnson of the Florida Chamber of Commerce, Rebecca O'Hara of the Florida League of Cities, and Carol Bowen of Associated Builders and Contractors of Florida. Delegal and O'Hara argued that home rule is rooted in local autonomy, policy experimentation, and accountability to voters, and warned against broad or “vacuum” preemptions that remove local authority without replacing it with state regulation. Johnson and Bowen supported preemption when local rules create a patchwork that hurts statewide competitiveness, raises costs, or complicates business operations, citing examples such as labor rules, heat safety, permitting, and procurement preferences. The panel also discussed the 2023 local ordinances law, which requires business impact estimates and provides attorney’s fees in certain challenges, as a mechanism to resolve disputes locally before resorting to preemption. Members questioned the panel about the 2024 heat-safety preemption and how to protect workers in the absence of local ordinances. Business representatives said existing OSHA duties and industry best practices already require employers to provide safe conditions, while local governments and the state should avoid inconsistent standards across jurisdictions. Another discussion centered on construction permitting, licensing, and local boards that may slow projects and increase costs; Bowen suggested eliminating redundant local fees and barriers while preserving statewide licensing and enforcement against bad actors. No votes were taken, and the meeting remained informational, with the chair inviting continued discussion on when preemption is appropriate versus when local governments should retain authority.

Transcript Highlights:

• That's all laid out in Century Code as well as administrative code.
• The review process is also laid out in Century Code, directing us how we...
• And criteria to issue a permit, that's all laid out in Century Code 61-04-06.
• And public interest is further defined in Century Code as well.
• Chairman, no, and follow up to the International Legislative Forum.

Keywords: 908, all

Transcript Highlights:

• And then we will have a presentation from E3 on the Energy Revenue.
• , North American Industrial Classification System codes.
• And then it has to fall under one of the NAICS codes specified in the CCA.
• , and then the potential impact on the amount of revenue being generated by the auctions.
• And if you'd like the NAICS code list, we'd be happy to follow up with that. Yep, of course.

Summary: The committee held a work session covering PFAS regulation and impacts, no-cost allowance allocation for emissions-intensive trade-exposed industries (EITEs), and regional resource adequacy and data center load growth. Senator Victoria Hunt was welcomed as a new member. The Department of Ecology reviewed Washington’s Safer Products for Washington PFAS work, including completed restrictions on PFAS in outdoor furniture, carpets, rugs, stain/water-resistant treatments, and newer rules adopted in November restricting PFAS in most apparel, cleaning products, and automotive washes, with reporting requirements for some other products such as cookware and firefighting gear. Ecology also described Cycle 2 PFAS reviews now underway, including artificial turf and paints, and answered questions about compliance, online sales, sell-through periods, and how Washington’s approach differs from broader bans in states like Maine and Minnesota. The Department of Ecology also presented on PFAS in biosolids, describing a 2024 sampling study, limitations in testing methods, and a 2025 statutory amendment requiring additional sampling between 2027 and 2028 and a report to the legislature in 2029. The Department of Health then updated the committee on PFAS in drinking water, reporting that most Group A public water systems have completed sampling, that 317 sources and 188 systems are expected to exceed new contaminant levels, and that treatment costs for public systems are estimated at about $970 million, leaving a large funding gap; members also asked about private wells, health effects, bathing exposure, and home filters. The Board of Health’s new state action levels are being aligned with federal MCLs, and the department said it expects to continue monitoring and notification under state rules. Ecology also briefed the committee on no-cost allowance allocations to EITEs under the Climate Commitment Act, explaining the leakage-mitigation rationale, the current allocation schedule through 2034, and a forthcoming report on policy options for 2035-2050; members asked about industry barriers, competitiveness, and whether facilities might leave the state. Finally, E3 presented a regional resource adequacy study showing rising load, retirements outpacing additions, limited winter reliability value from wind, solar, and batteries, and a projected shortfall beginning in 2026 that could grow to about 9,000 MW by 2030 if planned projects are not built. The presentation emphasized winter cold-weather events, hydro variability, the importance of permitting and transmission, and longer-term options including nuclear, geothermal, hydrogen, carbon capture, and long-duration storage. EPRI then introduced its DC Flex initiative, which is studying how data centers can provide flexible load through workload shifting, cooling optimization, and on-site backup or bridging resources to reduce grid stress and protect ratepayers.

Transcript Highlights:

• , double check our accounting revenues, double check our accounting revenues, but<00:43:04.640>
• <01:03:38.960> Actually, in the federal code. Actually, in the federal code.
• You know, bring it, follow the chain of command internally, report it internally as should be done to
• > as internally, report it internally as internally, report it internally as should<01:09:00.239>
• code.

Bills: SF0087, SF0088, SF0092

Keywords: felony, law enforcement, police officer, criminal penalties, public safety, sex offender, child care facility, residency restrictions, criminal law, sex offenders, child care facilities, legislation, false claims, civil penalties, state accountability, whistleblower protection, fraud prevention, 916, all

Transcript Highlights:

• <01:03:27.799> covering changes to the state code covering changes to the state code covering
• There is no limit, but I should add that there is a limit under the federal Internal Revenue Code, but
• There is no limit, but I should add that there is a limit under the federal Internal Revenue Code, but
• <01:25:05.480> Revenue<01:25:05.880> code<01:25:06.280> but<01:25:06.560>
• the federal Internal Revenue code but the federal Internal Revenue code but the chance<01:25:07.080

Keywords: 1187, senate, all

Transcript Highlights:

• trade while creating jobs and growing revenue.
• Is that an internal calculator that you all use? Is that available for us to see?
• Is that an internal, is that an internal calculator that you all use?
• Airport and Orlando International Airport.
• To your earlier point that it's... ...it's the wealthiest zip code in the country.

Summary: The Transportation Committee heard SB 356 by Senator Wright, which would create an opt-in framework allowing counties and municipalities to designate certain roads for utility-terrain vehicles (UTVs) under local conditions, including driver licensing, insurance, and speed-limit restrictions below 55 mph. Senator Wright said the bill would give law enforcement clearer authority and mirror the local-option approach used for golf carts. Supporters included a retired Volusia County sheriff and county commissioner, who argued UTVs are safer than golf carts and are already being used on roads, while opponents from the Recreational Off-Highway Vehicle Association and Honda warned that UTVs are designed for off-road use, lack federal safety standards, and pose crash and tire-blowout risks on public roads. Several senators raised safety concerns, especially about speed and crash severity, but the committee ultimately voted to report SB 356 favorably. The committee then held a lengthy discussion on seaport infrastructure and funding, beginning with a moment of silence for JaxPort COO and former FDOT employee James Bennett. FDOT presented data showing Florida’s 16 deepwater seaports generate major cargo volume, jobs, and economic impact, and described state funding programs such as FSTED, SPI, and the construction aggregate grant program. Port representatives from Port Everglades, PortMiami, Port Tampa Bay, and the Port of Palm Beach described record cargo and cruise activity, major capital projects, and the need for continued state and federal support for dredging, bulkheads, cranes, rail, and terminal expansion. Senators asked about ROI, trade shifts, intermodal connections, fuel and LNG availability, leverage and reserves, and operational risks such as flooding, sea level rise, and channel depth; port officials emphasized resiliency, private partnerships, and long-term master planning. The committee also confirmed appointees to the Tampa Hillsborough County Expressway Authority and the Tampa Port Authority in one vote, with no objection. Finally, FDOT presented the statewide mapping programs work group report required by SB 1662, explaining that coordinated statewide use of LiDAR and aerial imagery could reduce duplication, improve emergency management and planning, and support insurance and storm-damage assessment. FDOT recommended a formal statewide coordination program, shared procurement and cost-sharing agreements, dedicated staffing, and statutory updates to Chapter 334 to support interagency agreements and recurring funding.

Transcript Highlights:

• code reveals that<00:08:49.920> various<00:08:50.240> materials<00:08:50.720> are
• <00:33:07.799> and program beyond the loss of revenues and program beyond the loss of revenues
• Also, in case anyone's wondering, Zach was my intern like 12 years ago, so it's true.
• And yes, I love being your intern, and here I am again still reporting back to you.
• This is going to generate a lot of revenue for the state that way.

Keywords: 1183, house

Transcript Highlights:

• and no expense without revenue.
• and to have an expense you need to have revenue.
• <00:08:47.560> and show up because there's no revenue and show up because there's no revenue
• And, you know, there are international benchmarks.
• NDC is the National Drug Code.

Keywords: 928, house, all

Summary: The working session focused on the New Hampshire Prescription Drug Affordability Board’s budget request and its recent work. Early discussion centered on a technical question about a statutory dedicated fund for donations: members asked why the budget did not show a line item for accepting donations, and DHHS CFO Nathan White explained that the statute already authorizes the fund, but because no revenue has been received yet, it does not appear in the budget. He said any future donations would go through the normal process under RSA 14:30-a, with fiscal committee and Governor and Council approval and a memo to the Department of Revenue Administration. The chair clarified that the account was not a prerequisite to soliciting donations, and White said the fund would supplement, not replace, General Fund support. Kirk Williamson, the board’s executive director, then presented the board’s mission and budget. He said the governor’s budget provides about $256,500 in the first year and slightly more in the second, all General Funds, and that the board had distributed a technical amendment to continue the executive director position. He described the board’s role as analyzing prescription drug costs, identifying savings opportunities, monitoring market trends, promoting transparency, and making recommendations to the legislature and public payers. He also emphasized that the board operates publicly, with live-streamed meetings and a stakeholder advisory council that includes unions, state agencies, Medicaid, corrections, higher education, and other stakeholders. A major topic was the board’s estimate of $6 million in potential savings, based on Medicare’s newly negotiated prices for 10 drugs. Williamson explained that the board used those federal negotiated prices as a benchmark to estimate what New Hampshire public payers might be missing by not having similar leverage, and said the board is trying to build evidence for future recommendations rather than directly setting prices. Members asked how those potential savings could become actual savings, and Williamson said the board is sharing findings through its advisory council and feedback loops, though it has not yet sent a formal recommendation letter to specific purchasers. He also discussed the difference between pharmacy-benefit spending, which relies heavily on PBM-negotiated rebates, and medical-benefit spending, which is administered differently and is being added to the board’s next report. Williamson highlighted other work, including a model on Humira and a pending legislative effort to improve biosimilar competition, plus a proposed state-backed pharmacy savings card that would be no cost to the state and could save users about $240 per prescription based on Connecticut’s experience. No votes were taken during the session.

Transcript Highlights:

• We'll be scrubbing it internally. Then we'll be sending it on to them.
• We've drafted one internally, and it's currently sitting with the Attorney General's office.
• What we're doing is we're going direct to GP with our internal private markets team.
• And then we have internal controls that maps exactly to the internal control section, with a little bit
• But you're right, you could have one entity getting four different tranches of revenue.

Summary: The committee met to approve prior minutes and receive updates on the Legacy Fund transparency website and fund performance. Staff reported the website procurement was in contract negotiations, with a planned go-live around November 1, and that the site would provide downloadable, more transparent information on fund holdings, allocations, history, and legislative appropriations while protecting confidential data. The investment office then reviewed performance through January 2026, describing strong returns relative to benchmarks, noting real estate and fixed income as weaker areas, and explaining that the fund’s diversification and internal management had helped offset market volatility, including recent geopolitical impacts. Members also discussed the in-state investment program, especially the Bank of North Dakota’s CD-match allocation. Several members questioned whether the program had been static for years and whether the uncommitted balance should remain parked there if it was not being used. The committee voted to pause further transfers into the program until the Bank provides a report and the committee can consider possible statutory changes; the motion also requested a cost-benefit analysis from RVK, and it passed by roll call vote. In the afternoon, RVK presented its review of the investment policy statement as it relates to the in-state investment program. The consultant said it found no major policy impediments, and that implementers and stakeholders generally felt the program was proceeding as intended. RVK emphasized best practices such as third-party due diligence, competitive risk-adjusted returns, diversification, pacing, and exit strategies, while cautioning that required lower-return investments or spending commitments can create pressure on the fund’s long-term real value. The consultant also raised ancillary concerns about state-level concentration risk, the need to distinguish between public and commercial infrastructure, and the lack of a central repository for all state funding commitments to the same projects.

Transcript Highlights:

• We'd have to manually code that into the record. We have to manually code that into the record.
• international markets.
• So we want to get those international folks in here.
• Some of the international work that we have done has really supported our port and our revenue generation
• Some of the international work that we have done has really supported our port and our revenue generation

Summary: The committee met to receive a base budget overview for agencies under its jurisdiction, which include the Division of Emergency Management, Department of Commerce, Department of State, Department of Transportation, Department of Military Affairs, and Department of Highway Safety and Motor Vehicles. Staff explained the budget format and noted that the Legislature appropriated more than $20.2 billion to these agencies in the current fiscal year, a 66.7% increase over 10 years. The Department of Transportation then presented on the Moving Florida Forward initiative, describing it as a $7 billion effort to advance 20 major congestion-relief projects statewide. Secretary Jared Perdue said the department is ahead of schedule, with 14 of 20 projects expected to be underway by the end of the calendar year. He highlighted major projects including I-4 in Polk and Osceola counties, I-75 improvements, Southwest 10th Street in Broward County, Fruitville Road, Capital Circle in Tallahassee, and I-275, and discussed innovations such as aggregate supply grants, modified phase design-build, workforce hiring events, and voluntary acceleration. Senators asked about business impacts from construction, tourism-related transit funding, aggregate sourcing, and labor shortages; the secretary said FDOT works with local businesses and that additional revenue sources for transit would require legislative action. The Department of Highway Safety and Motor Vehicles reviewed motorist services, revenue collection, licensing, vehicle titling, specialty plates, insurance compliance, driver safety, and commercial driver licensing. Officials said the department collected about $2.9 billion in revenue in fiscal year 2023-24 and described modernization efforts, including electronic verification systems, Real ID compliance, mobile licensing units, and a planned digital driver license. Members asked about the driver license backlog in Miami-Dade and Broward, and the department said service delays were driven by growth and staffing constraints but should improve with $7.5 million in recent funding and the eventual transition of services to county tax collectors. Questions also addressed temporary paper licenses and birth certificate fraud prevention. The Department of Commerce presented on the Job Growth Grant Fund and Visit Florida. Commerce said the grant fund, created in 2017, has awarded $257 million to 70 projects in 37 counties since 2019, with demand exceeding supply about four to one. Officials emphasized that the program supports targeted industries and workforce and infrastructure projects, and they highlighted examples in CDL training, semiconductors, advanced manufacturing, and health care. Senators raised concerns about small businesses affected by transportation construction, and Commerce said it has an Office of Small Business Innovation and other tools, though the grant fund is limited by statute to targeted industries. Visit Florida then described its public-private tourism marketing role, saying the state’s $80 million appropriation is matched by private investment and that the latest EDR review found a $3.30 return in tax revenue for every state dollar spent. Visit Florida reported record visitation and tourism spending, along with hurricane recovery marketing and rural promotion efforts.