Transcript Highlights:

• Now, many of you may know that we've been working with CFO Petronis's office in the My Safe Florida Home
• Program. ...that we've been working with CFO Patronis's office in the My Safe Florida Home Program because

Committee: Senate Appropriations Committee on Agriculture, Environment, and General Government

Summary: The Appropriations Committee on Agriculture, Environment, and General Government heard a presentation on its 2025-2026 budget recommendations and adopted the proposal as a recommendation to the full Senate Appropriations Committee. The chair highlighted major funding items including more than $1.2 billion for water quality and Everglades work, citrus recovery, food bank and pantry grants, wastewater and drinking water loans, beach restoration, flood and sea level rise projects, rural land protection, disaster loans, state facilities repairs, SLERS, accounting system replacement, and continued funding for My Safe Florida Home. Staff were authorized to make technical adjustments, and members were told final proviso project lists would be printed later in the week. The committee then considered several bills and reported them favorably, including SB 796 on DEP general permits for distributed wastewater treatment systems to help local governments address failing septic-related water quality problems; SB 1162 expanding boating improvement and water access facilities programs; SB 466 implementing the Florida Museum of Black History task force’s selection of West Augustine as the museum site; SB 178 creating a FAMU agronomic study on viable crops for land taken out of production; CS/SB 678 allowing pawnbroker transaction forms to be printed or digital; and CS/SB 736 updating the Brownfields program, with a technical amendment adopted. Testimony on these bills was generally supportive, with speakers from affected industries, local governments, and advocacy groups. The committee also took up CS/CS/SB 700, the comprehensive Florida Farm Bill, which included technical agency changes and major policy provisions such as restrictions on additives to public water supplies, labeling requirements for meat, milk, poultry, and eggs, drone-related protections for farmland, disaster recovery loan updates, an honest services registry for charities, FFA scholarship and school infrastructure provisions, and a mechanism for state purchase of former solar-converted agricultural land. The water-additive provisions drew extensive debate and testimony from supporters and opponents, including dental professionals, public health advocates, and groups arguing for medical freedom and local control. Despite the controversy and a no vote from Senator Arrington, the bill was reported favorably. Finally, SB 1226 creating a regulatory framework for pet insurance was also reported favorably, and the committee adjourned after members recorded additional votes on several bills.

Transcript Highlights:

• So those are decisions that will be made at the executive level, you know, whether it is the CFO, if
• It goes, you know, the agency head, whoever is, you know, the governor, the CFO, the attorney general

Committee: Senate Appropriations

Summary: The Appropriations Committee met with a quorum present and considered three items. First, it heard and passed SB 158, which eliminates cost-sharing for diagnostic and supplemental breast examinations under the state employee health plan. Senator Berman described the bill as a way to remove financial barriers to early breast cancer detection, and several senators spoke in strong support, emphasizing the importance of follow-up screening and the life- and cost-saving value of early diagnosis. The bill was reported favorably by roll call vote. The committee then took up SPB 7024, a committee bill on state planning and budgeting. Senator Brodeur explained that the proposal modernizes and simplifies the state agency long-range planning process by focusing on key data points, removing stale measures, and improving how plans are presented to the Legislature. Senator Berman supported the bill, highlighting new provisions on implementation status and budget consequences if enacted laws are not carried out. The committee voted to submit the proposal as a committee bill and reported it favorably. Finally, the committee considered SPB 7026, a major overhaul of state information technology governance. Senator Harrell described a transition from the current Florida Digital Service structure to a new cabinet-level Agency for State Systems and Enterprise Technology (ASSET), with enterprise-wide standards, interoperability, procurement oversight, cybersecurity coordination, technical debt tracking, a testing laboratory, workforce development, and annual IT expenditure reporting. Members raised questions about procurement authority, judicial branch inclusion, existing contracts, cybersecurity, and staffing; Harrell said agencies would retain final procurement decisions but would have to follow enterprise standards, the courts were not included, existing contracts would continue, and the bill would add significant state IT staffing. Several amendments were adopted, including changes on CIO selection conflicts, removal of the Northwest Regional Data Center from a definition, reporting on deviations from standards, and technical updates related to the data center and workforce positions. Public testimony strongly supported the bill as a needed modernization of Florida’s fragmented IT system. The committee then reported SPB 7026 favorably as a committee bill. The meeting adjourned after members recorded their votes on the three items.

Transcript Highlights:

• I ask our CFO to come up to the mic.
• Yeah, no, I was just asking our CFO center, because it's a little confusing the way the numbers play
• And so again, I was going to ask my CFOs how much of this is in that... ...in Massachusetts.
• And so again, I was going to ask my CFOs how much of this is in statute?
• I'll ask my CFO to confirm, or just to make sure I'm not saying anything incorrectly.

Committee: Joint Joint Committee on Ways and Means

Summary: The hearing was a Joint Committee on Ways and Means budget session held in Lawrence focused on the governor’s proposed FY27 education and local aid budget, with remarks from legislative co-chairs, local officials, and education agency leaders. Acting Mayor Giovanni Rodriguez and Superintendent Ralph Carrero emphasized Lawrence’s high-need student population, the importance of Chapter 70 and Student Opportunity Act funding, and the impact of state aid on schools serving many English learners and low-income families. Carrero highlighted Lawrence High School programs such as early college, dual degrees, career pathways, and early childhood classrooms embedded in the high school, while lawmakers introduced themselves and noted the importance of the hearing to their districts. Acting Secretary of Education Amy Kershaw, Commissioner of Higher Education Noi Ortega, Commissioner of Elementary and Secondary Education Pedro Martinez, and Commissioner of Early Education and Care Amy Kershaw outlined the administration’s FY27 priorities. They described investments in literacy initiatives, universal school meals, student mental health, early college and career pathways, higher education affordability, community college and university student-success supports, preschool expansion, child care subsidies, and workforce supports for early educators. The commissioners also discussed federal funding threats, equity gaps, and the administration’s efforts to improve outcomes for Black and brown students, multilingual learners, students with disabilities, and low-income students. Members questioned the panel about the local contribution formula study, the final year of Student Opportunity Act implementation, and the need to revisit Chapter 70 funding to better address rising costs such as special education, transportation, and health care. Officials said the local contribution study report is expected by the end of June, with a draft to be shared after data analysis and public comment. Commissioner Martinez said the Student Opportunity Act narrowed funding gaps but more work is needed, and he pointed to a proposed Accelerating Achievement Initiative to support the highest-need schools. Senator Oliveira also raised concerns about Chapter 70 disparities and asked about partnerships with libraries to support literacy, prompting discussion of broader early literacy collaboration.

Transcript Highlights:

• I ask our CFO to come up to the mic.
• I ask our CFO to come up to the mic and just, because he's been conducting the hearings and his team
• And so again, I was going to ask my CFOs how much of this is in statute.
• I'll ask my CFO to confirm, or just to make sure I'm not saying anything incorrectly.
• . ...with my CFO, that is the intention: the funds are part of that line item.

Committee: Joint Joint Committee on Ways and Means

Summary: The Joint Committee on Ways and Means held a public hearing in Lawrence focused on the governor’s proposed FY27 budget for education and local aid. Opening remarks from Senator Pavel Payano, Representative Pat Duffy, and local leaders emphasized the importance of education funding for Lawrence and other Gateway Cities, with Acting Mayor Giovanni Rodriguez and Superintendent Ralph Carrero highlighting the city’s high-need student population, Chapter 70 and Student Opportunity Act funding, early college and career pathways, and the need for sustained support to close achievement gaps. The Education Secretariat testified in support of the budget, with Acting Secretary Amy Kershaw outlining investments in early literacy, universal pre-K, student mental health, school meals, high school redesign, higher education affordability, and early childhood systems. Commissioner Noi Ortega described higher education proposals including expanded free community college, continued free tuition at public four-year institutions, student success funding, early college and dual enrollment investments, and the Bright Act and Drive Act. Commissioner Pedro Martinez detailed K-12 proposals such as full Student Opportunity Act funding, increased Chapter 70 aid, special education circuit breaker funding, transportation aid, literacy initiatives, and a new Accelerating Achievement Initiative aimed at schools with the greatest needs. Commissioner Kershaw also described early education proposals including funding for C3, child care financial assistance, CPPI, workforce supports, and administrative funding restoration. Committee members questioned the administration about the pending local contribution formula study, the final year of Student Opportunity Act implementation, and the need to address health care and other cost drivers in school funding. Officials said the local contribution report is expected by the end of June and that a draft will be shared for public comment after data analysis is complete. Members also raised concerns about Chapter 70 disparities between districts and urged a broader review of the formula. In response, the commissioners said the Student Opportunity Act narrowed funding gaps but further work is needed, and they pointed to the new achievement initiative, literacy efforts, and early college expansion as ways to improve outcomes. No votes were taken at the hearing.

Transcript Highlights:

• With me is our Public Facilities Authority's CFO, Melissa Ralph. Melissa Ralph. So, um I am here.
• He was here a very short time, but he was a CFO at PFA for 41 years, I think, prior to that.
• He was here a very short time, but he was a CFO at PFA for 41 years, I think, prior to that.
• And Melissa, the CFO, would be the sort of highest-level individual at the organization today."
• And perhaps we still have a CFO in place, and that's the person with the money strings, so hopefully

Committee: Senate Capital Investment

Transcript Highlights:

• I just did my due diligence as a CFO to find three vendors to follow procurement process and install
• are sitting here talking at length in hours of all this complication i just did my due diligence as a cfo
• to find three vendors to follow procurement process and as a cFO to find three vendors to follow procurement

Committee: Joint Joint Legislative Audit Committee

Summary: The Joint Legislative Audit Committee heard presentations on Arizona’s school safety interoperability communication systems, beginning with remarks from Senator Kevin Payne, who described the program as a response to school shootings and 911 overloads, and said the goal is to let schools trigger a panic-button alert that immediately shares video, floor plans, and location information with law enforcement and other responders. Several members echoed support for the concept, while also raising concerns about whether the systems are actually working as intended and whether school resource officers remain necessary or should be supplemented by technology. Auditor General Lindsay Perry summarized the JLAC-directed special audit, explaining that the office reviewed whether fund expenditures were authorized, whether purchased systems met statutory requirements, and whether procurement followed applicable standards. She said the office had tested a sample of systems with vendors, schools, and law enforcement, and that some agencies had not provided requested follow-up information. Members questioned Pinal County’s lack of response and the status of its reports and payments, and committee leaders criticized the county sheriff’s claim that the committee had treated staff unfairly. Representatives from Mutualink, Motorola Solutions, and Navigate 360 then defended their systems and described implementation challenges. Mutualink said its platform connects schools, dispatch, and responders across jurisdictions and claimed it can reduce response times, but acknowledged that implementation depends on training, infrastructure, and cooperation among schools and agencies. Motorola said it had deployed systems in Maricopa and Yuma counties and that some delays stemmed from school participation and procurement issues. Navigate 360 highlighted Cochise County as a success story, saying 60 of 69 schools were implemented and that the company had added maps, emergency management tools, and training support after audit findings. Members repeatedly pressed the vendors on statutory criteria, procurement practices, rural infrastructure, and why some counties or schools were not fully operational; the vendors generally said the biggest barriers were local readiness, training, and interagency coordination rather than the technology itself.

Transcript Highlights:

• million to fraudsters after attending a video conference where every other participant, including the CFO
• million to fraudsters after attending a video conference where every other participant, including the CFO
• million to fraudsters after attending a video conference where every other participant, including the CFO

Committee: Senate Privacy, Digital Technologies, and Consumer Protection

Summary: The committee convened for its first hearing, took roll, and heard several privacy- and AI-related bills. SB 1106 by Senator Cabaldon would shorten the Delete Act data broker deletion deadline from 45 days to 30 days; it drew support from a technology and democracy group, no opposition testimony, and was moved out on a due pass to Appropriations vote. SB 923 by Senator Becker would expand the CCPA deletion right to cover all personal information held by a business and require online-only businesses to offer a web form or similar method for privacy requests; supporters included the California Privacy Protection Agency and privacy advocates, while business groups raised concerns about scope, compliance, and the email/web-form requirement. The bill passed 6-0 to Appropriations, with some members noting they were laying off or wanted further amendments. The committee also heard SB 1142, the Digital Dignity Act, which would regulate digital replicas and deepfakes on large online platforms, including takedown and revocation procedures and penalties. Supporters said it would protect Californians from fraud, harassment, and nonconsensual synthetic likeness use; opponents, including the Motion Picture Association, CCIA, TechNet, and others, raised First Amendment, due process, Section 230, and overbreadth concerns, especially around deceased persons and the 48-hour takedown process. Members said they supported the bill but wanted further work before Judiciary, and it passed 6-0 as amended to Judiciary. The committee also adopted its rules without objection. Later, SB 867 by Senator Padilla would impose a four-year moratorium on the sale and manufacture of AI chatbot-powered toys for children, citing research showing unsafe, sexually explicit, or privacy-invasive behavior; child advocacy and consumer groups supported it, while retailers and civil justice groups sought narrower definitions and liability protections. It passed 7-0 to Appropriations. SB 1247 would give child influencers, once adults, a right to request deletion or modification of images and likenesses used in monetized social media content; it drew no support testimony but was opposed by a civil justice group over the creation of a new private right of action, and it passed 7-0 to Judiciary. SB 930, the consent-calendar item, was approved 7-0. The committee then heard SB 1114, which would restrict sharing of state-collected data related to LGBTQ Californians absent an enforceable order, with supporters arguing it would protect sensitive data from misuse by federal agencies and preserve trust in state programs. It passed 6-0 to Appropriations. SB 1159 would let local governments treat AI bots and agents differently from people for Brown Act, public records, and related civic participation laws, in response to AI-generated comment floods; supporters from environmental, local government, and nonprofit groups said it was needed to preserve human participation, while opponents argued the bill should focus on fraud rather than AI and warned about overreach. The bill passed 9-0 to Appropriations. Finally, SB 1050 would require disclosures when synthetic performers are used in advertisements; labor and consumer advocates supported it as a truth-in-advertising measure, while media and industry groups objected that it was overbroad and should be narrowed to misleading ads and aligned with existing law. Members signaled support for the bill’s goal but also raised concerns about scope and consistency with current false-advertising rules.

Transcript Highlights:

• Donald has been the superintendent and CFO of West Harden CCISD. I'm testifying on the bill.
• As a former CFO of a Texas school district, I've seen firsthand the financial barriers schools face.
• Smith, we talked earlier; she said the CFO of the largest school district in my district, and I appreciate

Bills: HB2 , HB2

Committees: Senate Education , Senate Education K-16

Transcript Highlights:

• font color="aaaaaa">the senior Vice Chancellor </font> <font color="aaaaaa">Finance Administration, CFO
• font color="aaaaaa">the senior Vice Chancellor </font> <font color="aaaaaa">Finance Administration, CFO
• <font color="aaaaaa">For the State University </font> <font color="aaaaaa">Finance Administration, CFO

Transcript Highlights:

• investing, plus, you know, half a decade operating in a chemical company in Houston, where I was a CFO
• > where</c><00:42:11.359><c> I</c><00:42:11.520><c> was</c><00:42:11.599><c> a</c><00:42:11.760><c> CFO
• </c><00:42:12.880><c> Um</c><00:42:13.520><c> at</c> in Houston where I was a CFO.
• Um at in Houston where I was a CFO.

Summary: The Artificial Intelligence Task Force held its third meeting and adopted the prior minutes after a motion and second. The main presentation came from John Bevington of LG&E and KU, who described the utility’s Kentucky service territory, its vertically integrated operations, and its role in economic development. He said the company supported 76 projects in 2024, representing about $3 billion in announced investment and roughly 3,000 jobs, and noted that about 45% of statewide investment announcements were in its service area. He also outlined a large project pipeline of about 8.5 gigawatts, with data centers making up roughly two-thirds of that interest. Bevington explained that data center siting differs from traditional manufacturing site selection because it is driven primarily by transmission access and grid capacity rather than a process of eliminating locations. He said large data centers must locate near transmission lines, that utilities must conduct formal studies to ensure existing customers are not harmed, and that the buildout timeline for utility infrastructure is much longer than for data centers. He cited a Deloitte study and other industry data to argue that power constraints and timeline mismatches are the biggest challenges, while also emphasizing that data centers can generate significant construction activity, indirect jobs, and tax revenue. He said Kentucky’s sales tax exemption for data centers was a key enabler that increased interest in the state. Members asked about the number and size of potential data center projects, how Kentucky compares with other states, and whether regulatory reform is needed. Bevington said the 20 projects in Kentucky reflect current interest, that other states such as Ohio have had similar incentives for years, and that Kentucky is still early in the market. He also said data centers can vary in size, from 200 to 600 megawatts or more, and that they can be located anywhere with sufficient transmission capacity and, in some cases, access to workforce and roads. In response to concerns about energy supply, he said LG&E and KU are pursuing an “all of the above” strategy, including solar, batteries, and new natural gas combined-cycle units, and noted ongoing and proposed projects totaling additional capacity if approved by the Public Service Commission.

Transcript Highlights:

• I have to go back and double-check with my CFO.
• I have to go back and double-check with my CFO.
• double</c><00:53:19.400><c> check</c><00:53:19.640><c> with</c><00:53:19.799><c> my</c><00:53:19.920><c> CFO
• </c> to go back and double check with my CFO to go back and double check with my CFO I<00:53:20.559><

Summary: The subcommittee met to review the Department for Medicaid Services’ program integrity work. Commissioner Lisa Lee and Program Integrity Director Jennifer Dudinsky outlined Kentucky Medicaid’s structure, funding, enrollment, and spending, including FMAP rates, the size of the Medicaid and KCHIP populations, the number of providers, and 2024 expenditures. They also described the managed care and fee-for-service populations, noting that managed care serves most members while fee-for-service is concentrated in long-term care and waiver populations. Most of the discussion focused on fraud, waste, abuse prevention, and provider oversight. The department described its provider enrollment and certification checks, revalidation requirements, site reviews, fingerprinting for some high-risk providers, and termination grounds such as false application information, Medicare actions, unreported ownership changes, and abandonment of a provider number. Members asked about nonprofit ownership reporting, MCO fraud oversight, and how the department tracks unusual CPT code utilization, especially in behavioral health. The department said it uses data analytics, audits, policy review, and collaboration with behavioral health staff to monitor those trends. Dudinsky explained the division’s four branches: provider licensing and certification, audits and compliance, recovery, and third-party liability/estate recovery. She described prepayment and postpayment audits, referrals of credible fraud allegations to the Attorney General, monthly meetings with the AG’s office, and coordination with the Office of Inspector General, CMS, HHS OIG, MCOs, and other partners. She also explained payment suspensions, stand-downs during law enforcement investigations, and recovery efforts for overpayments, provider/member fraud, and third-party liability. The department said its recovery and avoidance efforts produced more than $251 million in savings so far in 2025. No votes or formal actions beyond approving the minutes were taken.

Transcript Highlights:

• She is the vice chair of the board, and she is the CFO at State Technical College.
• Jenny Jacobs, she is the vice chair of the board, and she is the CFO at State Technical College.

Committee: House Joint Committee on Public Employee Retirement

Summary: The Joint Committee on Public Employee Retirement held an informational hearing on the Missouri State Employees’ Retirement System (MOSERS) to review its long-term financial condition, funding status, investment performance, experience study results, and possible legislation. MOSERS staff explained that the plan is a statutorily created defined benefit system covering state employees, several colleges and quasi-governmental entities, with an 11-member board and outside actuarial and investment consultants. They reported the June 30, 2025 valuation showed a funded ratio of 55.4%, assets of about $9.6 billion, liabilities of about $17.4 billion, and a FY27 actuarial employer rate of 27.44%, which the board raised to a 32% minimum contribution rate under a policy adopted in 2023. MOSERS attributed the funding decline over time to several factors: reductions in the assumed investment return from 8.5% to 6.95%, mortality assumption updates, a move from open to closed amortization, and especially weak payroll growth and a shrinking active workforce. Staff said the minimum contribution policy is intended to accelerate UAL paydown and could bring the plan to 80% funded by 2037 rather than 2041, assuming all assumptions are met. The committee also discussed the recent experience study, which kept the investment return assumption at 6.95% and made only modest assumption changes, and a proposed 2026 bill package (SB 1557 and SB 1054) that would automatically refund small balances under $1,000 to terminated non-vested members and add auto-escalation to the deferred compensation plan. A substantial portion of the hearing focused on investment strategy and why MOSERS has lagged some peers. The investment consultant said historical underperformance was driven mainly by asset allocation choices that emphasized a more risk-balanced, diversified portfolio with less public equity exposure than peers during a period when equities performed very strongly. He said the board adopted a more equity-oriented allocation in 2024 and is phasing it in over eight quarters, with recent short-term results improving and the portfolio outperforming its policy benchmark. Members also asked about the effect of inactive members, the rationale for the higher employer contribution, and whether the current board should be held responsible for past decisions; MOSERS officials emphasized that the current board is trying to correct course and that pension funding changes take time. The hearing also touched on ongoing litigation against a former private equity manager, Catalyst Capital, with MOSERS saying it has spent about $20 million in legal fees so far and that the case remains on appeal. The committee took no formal vote and adjourned after the informational presentation and questions.

Transcript Highlights:

• No, I would think that the district CFO should have this information readily available.
• It's all readily available information to their CFO.

Bills: HB3329 , HR1039 , HR1040 , HB3413 , HB3414 , HB3415 , HB3416 , HB3417 , HB3418 , HB3419 , HB3420 , HB3706 , HB3711 , HB4139 , HB1268 , HB3660 , HJR1023 , HB3298 , HB3056 , HJR1084 , HB3934 , HB3919 , HB4118 , HB4119 , HB3791 , HB4260 , HB4178 , HB4215 , HB4324 , HB3270 , HB4352 , HB4305 , HB2955 , HB3315 , HB3066 , HB1245 , HB4125 , HB3075 , HB3129 , HB3239 , HB4153 , HB3265 , HB4491 , SB680 , HB4263 , HB4268 , HB1675 , HB3885 , HB2984 , HB3697 , HB2959 , HB3671 , HB3852 , HB2933 , HB3057 , HB3802 , HB4294 , HB4285 , HB3708 , HB3979 , HB3977 , HB3986 , HB3985 , HB3588 , HB3742 , HB3845 , HJR1070 , HB3590 , HB3595 , HB3391 , HB3183 , HB3764 , HB3765 , HB1002 , HB4434 , HJR1086 , HB4060 , HB3881 , HB3500 , HB4408 , HB3648 , HB3127 , HB3606

Keywords: long-term care, advisory board, sunset legislation, mental health, psychologists, University of Oklahoma, gymnastics, NCAA, congratulations, sports excellence, recognition, honor, athletics, Joseph Castiglione, leadership, education, sports management, HB3413, public finance, state budget

Transcript Highlights:

• have Ash Mason waiving in support, Office of Financial Regulation, and we have Hannah Christian for CFO
• What I'd like to add is, first of all, I am the CFO of the Florida Sheriff Risk Management Fund, and

Summary: The Senate Committee on Banking and Insurance met with a quorum present and heard a full agenda of bills, most of which were reported favorably. Early in the meeting, SB 1000 on trust fund interest for attorney trust accounts was explained as setting a floor and ceiling tied to the Wall Street Journal prime rate and passed without objection after supportive testimony from banking and credit union groups. The committee then took up CS/SB 1082 on a statewide provider and health plan claim dispute resolution program; the sponsor described it as a way to move emergency out-of-network payment disputes away from costly litigation and into an independent dispute resolution process modeled on the federal No Surprises Act. A proposed amendment drew significant questions from senators and concerns from the Florida Insurance Council about confusion over state versus federal eligibility and possible effects on contracted rates, and the sponsor ultimately withdrew the amendment. The underlying bill was then supported by health care and insurance stakeholders and reported favorably. SB 684 on electronic signatures for total loss vehicles and vessels also passed, with Progressive Insurance waiving in support. The committee next approved CS/SB 158 on pet insurance, which requires continuing education for agents, clearer consumer disclosures, and annual reporting to OIR; the amendment was technical and adopted. SB 1494 on breast cancer screening coverage was presented as expanding required coverage for mammograms and supplemental screenings for certain insurance products, and it passed with support from cancer and radiology groups. CS/SB 314 on digital asset issuers was amended to create a Florida framework for payment stablecoin issuers consistent with the federal GENIUS Act, allowing state-level regulation as an alternative to federal supervision, and was reported favorably. SB 1500 on uncontested probate proceedings, including higher small-estate thresholds and clearer authority for personal representatives, also passed after a banking-related amendment requiring letters of administration for safe deposit box access was adopted. Later, the committee approved CS/SB 618 on workers’ compensation insurance, which raises the consent-to-rate cap for workers’ comp policies from 10% to 20% and adjusts the Florida Workers’ Compensation Guarantee Association board membership; a carrier representative testified that the change would help keep more high-risk accounts in the voluntary market. CS/SB 1568 on a Florida Stable Coin Pilot Program was amended to remove authority for DFS to create a Florida coin, limit the pilot to existing stablecoins with at least $1 billion market capitalization, and require qualified public deposit handling; it then passed. CS/SB 838 on electronic payments for retail installment contracts clarified that convenience fees for electronic payments are permissible while preserving a fee-free option, and it was reported favorably after questions about consumer access to free payment methods. SB 1452, the Department of Financial Services agency bill, made a wide range of administrative changes affecting My Safe Florida Home, unclaimed property, licensing, bail bonds, and other DFS functions; a late-filed amendment on title insurer appointments was adopted, and the bill passed. The committee also approved SB 1706 on the My Safe Florida Condominium Pilot Program, targeting condo hardening assistance to owner-occupied units meeting income and occupancy criteria, and SB 990 on protected cell captive insurance companies, which the sponsor and industry witnesses said would modernize Florida law and promote insurance competition and economic activity. The meeting ended with all bills on the agenda reported favorably and the committee adjourning without objection.

Transcript Highlights:

• I'm here with Mathangihankar, our CFO, Joe Gappa, one of our deputy executive directors, and Andy Schubel
• I'm the CFO consultant for the Oklahoma Broadband Office.

Committee: House A&B Finance Subcommittee

Transcript Highlights:

• Next up, Scott Fennel deputy CFO with the Department of Financial Services. >> Thank you, Chair Maggard
• So we in looking at making adjustments that but at the direction of a the new CFO Ingoglia, we didn't

Transcript Highlights:

• goes without saying everything we do is done, um, in, in accordance with the state statutes and our CFO
• the state, and every contract and scope of work is run through the division directors, through our CFO

Transcript Highlights:

• Services since 2018 in this Department of Financial Services since 2018 in this role used asked by the CFO
• both within the government and the private sector, including former Federal Reserve Vice chair, former CFO

Transcript Highlights:

• On today's agenda, we'll be hearing from Stephen Fielder from CFO Jimmy Patronis's Department of Financial
• Stephen Fielder from CFO Jimmy Patronis's Department of Financial Services will be covering the My Safe

Summary: The State Administration Budget Subcommittee heard presentations from the Department of Financial Services on the My Safe Florida Home program, the My Safe Florida Condominium Pilot, and the Florida PALM financial system replacement project. For My Safe Florida Home, Stephen Fielder explained the wind-mitigation grant program, including its inspection-first process, two-to-one matching grants for most homeowners, low-income exemptions from the match, and eligible improvements such as roofs, clips/straps, water barriers, and opening protection. He reported roughly 109,000 initial inspections, nearly 59,000 grants approved, 31,000 final inspections, 25,000 reimbursements, and about $240 million paid out through the end of 2024. Members asked about premium savings, contractor pricing, fraud, owner-builder eligibility, reimbursement timing, and whether the program should have a dedicated funding source; Fielder said the program is currently closed, more than 40,000 people have signed up for updates, and the office has seen some price-gouging and impersonation issues but no major fraud trend. The committee also discussed the new prioritization rules that took effect July 1, 2024, which direct grant awards by age and income. Fielder said the program used a survey of existing applicants to implement the new priority groups and that the first group was over age 60 and low-income. Members raised questions about how premium reductions are measured, whether insurance company changes or rising insured values affect the data, and whether the program can track long-term outcomes after reimbursement. Fielder said the office reports raw premium changes based on declarations pages, knows the insurer for participants, and has validated results with multiple insurers, but does not track homeowners after they leave the program or enforce continued insurance coverage. For the My Safe Florida Condo Pilot, Fielder said the program is modeled on the home program but uses association-level applications, a maximum grant of $175,000 per association, and a similar two-to-one match. He said the application window opened briefly in November and was closed quickly because available funding could be exhausted and the department is prohibited from creating a waiting list. He identified several needed statutory changes, including better distinguishing condos from single-family homes, adjusting roof requirements for flat concrete roofs, and revisiting the unanimous unit-owner vote requirement, which he said has been a major obstacle. Chair Lopez noted the pilot is intended to be a learning process and thanked DFS staff for identifying implementation issues. The final presentation covered Florida PALM, the state’s effort to replace the 40-year-old FLAIR accounting system with a PeopleSoft-based financial management system. Fielder and PALM Director Jimmy Cox said the project began in 2014, the state contracted with Accenture in 2018, cash management went live in 2021, and the project was paused in 2022 for legislative review and remediation. They said the system is expected to go live in 2026, possibly in July rather than January, and that the project has spent about $225 million to date, with a current-year budget of about $60.9 million and a projected next-year request of about $64 million. Members asked about cybersecurity, cloud hosting, project scope, and whether the system is unique to Florida; staff said the system is not Florida-specific, access is credentialed through agency identity management, and the cloud host location is confidential. After the presentations, Chair Lopez assigned members to work with specific agencies on budget review meetings, asked them to discuss agency structure, priorities, staffing, waste reduction, and other budget issues, and set a deadline to report findings in the first week of regular session. The meeting then adjourned without objection.

Transcript Highlights:

• And recent announcement from CFO Jimmy Patronis proposing funding dedicated to first responder mental
• So right now we have the CFO, the part of the families chat sitting back here behind me and he will tell