Transcript Highlights:

• We don't need to pay a monthly service fee.
• Those service fees should be based on the software that we use, maybe some of the, you know, the security
• First one I'll address is service fees.
• But no explanation of why my IT service fee went up 54%.
• It’s a fee-for-service for the IT staff.

Keywords: 908, all

Transcript Highlights:

• security efforts.
• So building up that supply chain, and also national security.
• I think it's a border security issue.
• All other fees remain unchanged. Page 6.
• There may also be fees collected for certain licensing and things like that, and those fees are processed

Bills: SB 1

Keywords: campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards

Summary: The committee first heard the Legislative Budget Board and Secretary of State Jane Nelson on the Secretary of State budget. LBB said the recommendation would reduce the agency’s appropriation by about $40.3 million overall, with major changes including removing federal HAVA funding and one-time business system replacement money, adjusting the agency’s base request, deleting an outdated Interstate Crosscheck rider, and directing HAVA funds to be drawn down first. Secretary Nelson and staff defended the agency’s needs, emphasizing election security, business filings, international protocol, and the Texas Register, and requested additional staff, a new website, digitization of records, IT and cybersecurity upgrades, and renovation of the Rudder Building. Senators discussed voter-roll maintenance, cross-checking data, call-center response times, and the need for online voter registration and more efficient election administration. No votes were taken. The committee then took up the Office of the Governor and trustee programs. LBB outlined a $2.4 million decrease for the office proper and a much larger decrease in trustee programs, driven by unexpended balances and the removal of one-time federal and border-security items, while noting continued funding for disaster response, victim assistance, and $2.9 billion for border security at roughly the prior level. Governor’s staff said Texas remains focused on border security, economic development, and public safety, and discussed efforts to seek federal reimbursement for prior border spending. Members asked about the National Guard’s status, possible federal assumption of border costs, the music incubator program, the Semiconductor Innovation Consortium, the Governor’s University Research Initiative, defense economic adjustment grants, and a new $5 million nonprofit security grant proposal. Staff said the semiconductor program has 12 approved projects totaling about 948 jobs and $17 billion in capital investment, and that the nonprofit security request was added late to address threats to houses of worship and other nonprofits. No formal action was taken. Finally, the committee heard the Texas Facilities Commission and lease-payment recommendations. LBB said the Facilities Commission recommendation would reduce appropriations by about $2.0 billion, mainly by removing border wall construction funding and capital complex bond funding, while adding money for higher utility costs, Rudder Building refurbishment, and additional staff. The lease-payment recommendation would decrease general revenue by $9.3 million. LBB also noted new riders related to completing the State Library and Archives building, tenant communication during disruptions, and a space-utilization report. In agency testimony, members asked about border wall maintenance responsibility, total facilities-related debt, and the status of capital complex construction. The Rudder Building renovation and related security needs were repeatedly discussed as important one-time infrastructure investments.

Transcript Highlights:

• Those delayed evaluation and delayed admission rates, the inability to secure long-term housing, are
• Those delayed evaluation and delayed admission rates, the inability to secure long-term housing, are
• Over time and security, when our staff work overtime, we need to have, in certain...
• We're not able to do that but for this restoration and allowing us to provide that security.
• But since that point, despite a fee increase, a pretty sizable fee increase in 2019, solvency concerns

Summary: The committee heard extensive testimony on Proposition 36 and its implementation, with judicial and budget officials describing it as a major shift from misdemeanor to felony processing for repeat drug possession and certain theft offenses. Witnesses explained that the law creates a treatment-mandated felony process that can lead to dismissal if a defendant completes treatment, but also requires evaluations, court monitoring, and potentially long, open-ended supervision. Judicial representatives said the new law is already generating large numbers of filings, creating workload, staffing, courtroom, and facility pressures, and that access to treatment beds, housing, and evaluation capacity is limiting participation. Several speakers emphasized that collaborative courts are effective but are not a perfect fit for Prop. 36 because those programs are typically probation-based and serve different risk/need populations. Court officials from San Bernardino and Orange counties said the impacts vary by county but are severe, with some counties seeing hundreds or more filings in a short period and others moving more slowly to build treatment infrastructure first. They argued that Prop. 36 is effectively an unfunded mandate unless the state provides more resources for judges, staff, facilities, treatment, housing, and supervision. The Legislative Analyst’s Office noted that Prop. 36 will reduce the Proposition 47 savings that fund mental health and substance use treatment grants, but said the near-term reduction is relatively modest and that the full effect will take time to appear because of the way those savings are calculated. Members of the committee repeatedly raised concerns that the state is underfunding the courts and counties needed to carry out the new law. The committee also reviewed the Governor’s proposed trial court operations budget, including a partial restoration of a prior $97 million cut and additional ongoing funding. Judicial branch officials said the restoration helped avoid furloughs, hiring freezes, and service reductions, and supported cybersecurity, technology, staffing, and records management. The LAO recommended that the Legislature seek more detail on how midyear restorations are handled and consider clarifying language for transferring unspent trial court trust fund monies to the General Fund. Finance said the flexibility in the ongoing funding was intentional and would be taken back for consideration. In a separate item, the committee heard testimony on a $6.3 million increase for Supreme Court and Courts of Appeal appointed counsel programs. Judicial officials and appellate project representatives said the system is facing a crisis because indigent appeals have risen sharply while the number of panel attorneys has fallen, leaving many cases waiting months for counsel. They argued the proposed increase would help but is still below what is needed to recruit and retain attorneys and prevent delays that affect criminal, juvenile, and child welfare cases. The committee also discussed the Tracy courthouse project in San Joaquin County, where local officials said reopening a courthouse closed since 2011 is necessary to serve a growing population and relieve overcrowding elsewhere. The LAO and Finance both noted the project is next in line under the facilities plan, though LAO suggested the Legislature could consider whether other facility priorities should come first.

Transcript Highlights:

• Safety and security is one issue that really is of constant concern: the safety and security of everyone
• security officers and deploys security officers in the Circuit Court.
• theoc uh trains uh security officers and deploys<00:46:25.800> security<00:46:26.200> officers
• <01:02:14.760> uh security uh security uh Personnel<01:02:16.599> um<01:02:17.240> I
• Attorneys are assessed a fee for being members of the New Hampshire Bar, and that fee is approved by

Keywords: 928, house, all

Summary: The Judiciary Committee met for its first meeting of the new session with opening remarks, member introductions, and a discussion of committee logistics. Members described their backgrounds and priorities, including criminal justice, right-to-know and privacy issues, domestic violence, death-with-dignity legislation, abortion, firearms, landlord-tenant policy, housing, and technology/privacy concerns. The chair noted there were already 34 bills assigned to the committee and expected more, and said the committee would likely continue to have a heavy workload this session. The chair also outlined how the committee would operate: meetings would generally be on Wednesdays, with possible Mondays as needed; hearings would not require a quorum, but executive sessions would; and members were asked to provide updated phone numbers and email addresses, especially cell numbers. He explained that the committee would continue its practice of seating members in a mixed partisan arrangement to encourage communication, and that the new clerk had joined the committee. A significant portion of the meeting focused on procedures for executive sessions and meeting times. The chair said the committee would follow the traditional rule allowing executive sessions on bills heard that day if proper notice was given, but he would avoid taking up controversial matters without full attendance. Members then discussed whether meetings should start at 9, 9:30, or 10 a.m., with concerns raised about long commutes, evening obligations, and winter driving after dark. No formal vote was taken in the portion provided, but the chair indicated he would try to accommodate the committee’s preference while balancing the workload.

Transcript Highlights:

• If you don't do graphics, you don't pay graphic fees.
• <01:49:08.159> um working on some investment fee um working on some investment fee um transparency
• single fee program.
• All other of our fee programs are $77 million, and that's approximately 40 different fee programs, and
• It's primarily funded with fee programs.

Keywords: 928, house, all

Summary: The Department of Administrative Services presented an overview of its budget and operations, emphasizing that it is the lowest-spending agency in state government and that its general fund allocation has declined since 2019. Commissioner Arling House explained that DAS also handles back-office functions for several administratively attached boards, which has affected staffing and spending comparisons. He said the department’s current general fund spending is roughly split between retiree health and other operations, and that the presentation was based on adjusted authorized spending rather than the original budget figures. A major portion of the meeting focused on retiree health benefits and the long-term effort to control costs. Deputy Commissioner Cassie Keane described how the state moved from a projected deficit in retiree health to savings through a series of changes, including higher premium contributions, co-pay adjustments, and shifting Medicare retirees into Medicare Advantage arrangements to capture federal reimbursement. She said the state has about 12,500 retirees and spouses on the plan, with roughly 10,906 Medicare retirees and 1,580 non-Medicare retirees, and that the savings have depended heavily on federal funding and procurement decisions. She also noted that Medicare retirees pay Part B premiums and that the state has grandfathered older retirees from some premium contributions. Members asked about what the expenditures cover, why the state offers retiree health instead of simply giving retirees a payment to buy coverage themselves, and whether out-of-pocket costs changed under Medicare Advantage. Keane said the plan covers actual health claims or insurance premiums, that co-pays and maximum out-of-pocket limits remain in place, and that the state has no authority to change benefit details without legislative action. She explained that retiree health is a long-standing employee benefit that wraps around Medicare and is not collectively bargained in the usual sense, though its eligibility rules and cost-sharing have been tightened over time to better target the benefit to long-term state service. The discussion also covered vendor performance problems. Keane said Anthem recently won the contract back from Aetna, but its pharmacy subsidiary, Caroline, caused serious service disruptions. DAS responded by withholding payments, assessing more than $2 million in performance guarantees, and hiring a third-party auditor to review the pharmacy processes. The current contract runs through the end of calendar year 2026, and officials said they are watching federal Medicare Advantage reimbursement changes closely because future savings are uncertain.

Transcript Highlights:

• , including oil discharge and disposal fees, oil pollution control fees, fuel oil disposal fees, and
• The enhanced security reduce downtime.
• yeah. last capital budgets security yeah. last capital budgets security upgrades<00:43:37.280>
• be used for the security be used for the security aspect.<01:21:14.719> I<01:21:14.960>
• security improvements 480,000. security improvements 480,000.

Keywords: 1191, senate, all

Transcript Highlights:

• Um, it deals with security Um, it deals with security deposits.<00:10:47.920> Aaron,<00:10
• prohibitive practices, and security prohibitive practices, and security deposits.<00:11:02.240><
• have to be locked from a secure it. have to be locked from a secure it.
• There's also a $10050 fee food safety. There's also a $10050 fee for<01:33:00.199> lensure.
• RSA 421B which is the securities act. RSA 421B which is the securities act.

Keywords: 1191, senate, all

Transcript Highlights:

• That fee can apply to a number of That fee can apply to a number of properties<00:14:26.240> as
• That fee does not the same jurisdiction.
• <00:14:45.040> It history of securing private data. It history of securing private data.
• The assessors are very proud of securing The assessors are very proud of securing this<00:14:57.680
• Thank you, Chair Scott. from representative fee maybe there's a from representative fee maybe there's

Keywords: 1183, house

Transcript Highlights:

• This project would place security cameras at these piers.
• side to talking about our security cameras.
• That high security unit has had...
• Privacy and security are a big deal.
• It can take it, and we really want to secure this building.

Keywords: 928, house, all

Transcript Highlights:

• You know and and the tuition and fees fees fees >> this<01:30:42.480> is<01:30:42.560>
• have the data that shows our fee is have the data that shows our fee is relatively<02:11:52.560> low
• million in student fees for athletics. million in student fees for athletics.
• and was able to obtain social security and was able to obtain social security numbers<02:58:00.000
• security or PII or social security security or PII or social security numbers<02:58:35.439> in

Keywords: 912, senate, all

Transcript Highlights:

• into the budget to help with security?
• , and then a capital outlay for security. upgrades.
• And so there's two different sides that we work on in terms of security.
• that is charged, a one-time fee.
• fee to support.

Transcript Highlights:

• That includes Space Power, Generate Grid Services, and Power Secure, alongside Enchanted Rock.
• AFSCME made it clear: public sector employees cannot be compelled to pay union fees if they choose not
• Easy, safe, secure. Yeah.
• They're saying it's easy, it's convenient, it's safe, it's secure. We can do it in this modern age.
• We are very reduces their any security risk that they might be worried about.

Bills: SB75, SB715, SB776, SB1299, SB1405, SB1968, SB2021, SB2077, SB2148, SB2321, SB2330, SB2411

Keywords: electric generation, reliability, ERCOT, Public Utility Commission, penalties, performance requirements, energy policy, construction contracts, compensatory damages, government delays, contractor, legislation, nonprofit donor privacy, membership lists, supporter confidentiality, volunteer privacy, association rights, public records exemption, Texas Public Information Act, government transparency

Summary: The Senate Committee on Business and Commerce heard Senate Bill 2021 by Senator Johnson, as substituted, on distributed energy resources (DERs). Johnson said the bill was intended to create a regulatory framework for DERs and virtual power plants, address interconnection and registration issues, and prevent regulatory capture as the industry grows. Testimony was split: Texas Electric Cooperatives asked for clarification so co-ops would not be unintentionally excluded from owning or operating DERs; AECT supported the bill as providing needed rules and customer protections; TABA, Texas Solar and Storage Association, Sierra Club, Texas Solar Energy Society, and several others opposed it or raised concerns that it was too utility-centric, imposed red tape, and could burden homeowners and small businesses with registration and interconnection requirements. Johnson repeatedly said the bill was not meant to stop rooftop solar or backup systems and that he was open to specific redlines and further changes. SB 2021 was left pending after testimony. The committee then took up Senate Bill 2330 by Senator Parker, which would end government payroll deduction for dues to certain public employee organizations, while exempting first responders under Chapters 143 and 147 and making other conforming changes in a committee substitute. Parker argued the bill was about government neutrality, transparency, and employee freedom from coercion, and said organizations can collect dues directly using modern payment methods. Supporters from Texas Public Policy Foundation, Texas Business Coalition, Freedom Foundation, ABC Texas, and Texans for Fiscal Responsibility said taxpayer-funded payroll systems should not be used to collect dues for private organizations, especially ones involved in political activity. Opponents, including ATPE, Texas Classroom Teachers Association, Texas Public Employees Association, and correctional employees, said payroll deduction is a convenient, secure service that helps professional associations and employee groups, and argued the bill would burden teachers and other public employees. Several witnesses and senators focused on the bill’s exemptions and whether it treated teachers differently from first responders. Senator Menendez questioned why some public employees were excluded while others were not, and a Houston police union representative said he moved from opposing to supporting the bill after being told the substitute would preserve meet-and-confer deductions under Chapters 143 and 147. Senator Parker closed by saying the bill was not meant to eliminate associations or payroll deduction entirely, only to remove the state as a middleman. SB 2330 was left pending, and the committee then recessed subject to call.

Transcript Highlights:

• Senate Bill 388 by Senator Hodges is an act to amend Titles 29 and 39 relative to homeland security,
• The bill keeps the current fee schedule in place until a new one is developed through rulemaking.
• If they’re not available, then they can’t charge the storage fee that day.
• Once the regular business hours start up, they can charge the storage fee again.
• They don’t have to stay open; they just can’t charge a fee.

Keywords: 974, senate, all

Transcript Highlights:

• And so one of those nine things is that we buy land outright in a fee-simple transaction.
• There is a philosophical difference between buying fee simple versus easements.
• This budget has more in the easement side than it would in the fee-simple side.
• Opposed to fee simple. Is that correct? Chair Brodeur. Thank you, Mr. President. Yes, it is.
• The $4.5 million is for election security. Mr.

Summary: The Senate took up the 2026-2027 budget and related implementing bills. Appropriations Chair Hooper presented a $115 billion General Appropriations Bill, saying it reduces overall spending from the prior year, preserves reserves, and includes a 3% raise for state employees and 5% raises for state law enforcement, firefighters, correctional officers, and park rangers. Committee chairs then outlined major budget areas, including K-12 education, higher education, health and human services, criminal and civil justice, transportation/tourism/economic development, and environmental/agricultural agencies. Highlights included increased funding for school safety, teacher and scholarship funding, workforce education, Medicaid and kid care, corrections operations, judgeships, affordable housing, hurricane recovery, Everglades and water quality projects, and arts and cultural grants. Members asked detailed questions about several items. Senators discussed the Emergency Management Trust Fund, cultural arts grant allocations, Florida Forever land acquisition versus conservation easements, teacher salary support, charter school capital outlay funding, Bright Futures and EASE funding, New College funding, DOC deficits and inmate health care/food service costs, the ADAP HIV drug program, Medicaid reductions for non-critical access hospitals, and the use of opioid settlement and COVID relief funds. Chairs explained that some apparent reductions reflected shifts below the line or reclassification, that the ADAP appropriation would only cover about six months, and that some vacant positions were being removed as part of a right-sizing effort. Questions also covered lottery staffing, concealed weapons permit processing, elections security funding, and arts grant selection and proviso language. The Senate then substituted House bills for the Senate budget and implementing measures, amended them into the Senate posture, and passed them. HB 5001 (the appropriations bill), HB 503 (implementing bill), HB 5201 (collective bargaining), and HB 5205 (retirement) all passed 36-0 and were sent to conference. Other budget-related bills also passed, including SB 2506 on fuel taxes, SB 2508 on the state agency law enforcement radio system surcharge, SB 2510 on court trust funds, SB 2512 creating 13 circuit and 12 county judgeships, SB 2514 on K-12 education, SB 2516 on higher education, and SB 2518 on health. Most of these passed unanimously, with the Senate requesting the House either pass the Senate versions or include them in budget conference.

Transcript Highlights:

• of Defense, Army Research Lab, and the Department of Homeland Security.
• Army Research Lab, and the Department of Homeland Security.
• Their job is the 30,000-foot-level security.
• Their funding comes from assessment fees set by the commission.
• Their funding comes from assessment fees set by the commission.

Summary: The subcommittee met to review agency travel, budget reduction exercises, and member reports from agency meetings. Early discussion focused on the Department of Management Services (DMS), where members questioned the cost of travel for four out-of-state data/cyber staff and the secretary’s absence. DMS defended the hires as highly specialized enterprise cybersecurity and data personnel, said the positions were lawfully paid and posted, and explained that the staff work on statewide data cataloging and cyber risk reduction rather than agency-by-agency systems. Members also raised concerns about fleet inventory discrepancies and requested follow-up information on hiring, travel, and data inventory timelines. The chair said she would consider travel guardrails and possible reductions, and noted that DMS, the Lottery, and the Florida Commission on Human Relations did not meet the requested reduction target, while the Public Employee Relations Commission did not submit reductions. The committee then heard from the Florida Lottery about the secretary’s trip to Paris for the World Lottery Convention. Lottery staff said the trip was reimbursed through the multi-state lottery organization and was intended to share best practices and improve operations, though members questioned the value of the travel and requested reimbursement records and the trip agenda. The subcommittee also reviewed agency reduction exercises from several agencies. The Department of Revenue exceeded its target and was praised for frugality; DFS, the Florida Gaming Control Commission, the Office of Financial Regulation, the Office of Insurance Regulation, the Public Service Commission, the Division of Administrative Hearings, and the Department of Business and Professional Regulation each described how they met or approached their reduction goals, often through vacancies, reversions, or expense cuts. OIR warned that further reductions could hurt insurance regulation capacity, while OFR and PSC said their reductions were based on historical reversions and lower post-COVID travel or vacancy levels. Members then reported back on agency meetings. DMS members raised fleet tracking, real property audits, salary studies, and health plan savings ideas, and asked for follow-up on the Florida PALM project, cybersecurity grants, and state IT modernization. DFS members said the agency was efficient and that its Palm-related work and insurance consumer programs were important. Lottery members emphasized the agency’s revenue generation for education and its low administrative overhead. Gaming Control members highlighted storage costs for seized gaming equipment and suggested technology-based alternatives. PERC members said a union-related law had doubled their workload and asked for more staffing and possible AI assistance. OIR members stressed the need for a Tampa satellite office and more resources to recruit and retain specialized staff. The chair closed by saying the committee would continue reviewing travel, staffing, and reductions with an eye toward taxpayer value and transparency.

Transcript Highlights:

• county, his office is the front porch and uh that's where you leave your game tags and you have a secure
• county, his office is the front porch and uh that's where you leave your game tags and you have a secure
• county, his office is the front porch and uh that's where you leave your game tags and you have a secure
• Is the front porch, and uh, that's where you leave your game tags and you have a secure box to put them
• forestalls the likelihood of fee forestalls the likelihood of fee increases<00:24:35.440> which

Bills: SF0024

Keywords: lottery, debit card payments, gambling regulations, state revenue, financial transactions, 916, all

Transcript Highlights:

• So, the next fee items are the dees boat fee, dees dam fee, dees hazardous waste generation fee, generator
• fee, automotive fee, hazardous fee, and hazard waste fee.
• So um the next the dees boat fee, dees So um the next the dees boat fee, dees dam<00:47:13.920> fee
• fee, automotive fee, fee, generator fee, automotive fee, hazardous<00:47:19.920> fee,<00:47:20.319
• hazardous fee, and hazard waste fee. hazardous fee, and hazard waste fee.

Keywords: 928, house, all

Summary: The committee worked through several HB 2 budget amendments, focusing first on energy-related transfers and then on judicial funding. For the energy item, members discussed moving remaining money from the renewable energy fund into the general fund for the biennium, with later-year amounts going to the general fund rather than ratepayers. They noted the proposal was based on prior House Bill 111 language, that the exact amount was still being worked out with the Department of Energy, and that some language about “incentive payments” was being removed or clarified. Amendment 1211H was moved and adopted on a 5-4 vote. The committee then considered amendment 1040 on the governor’s scholarship fund, which would eliminate the program and sweep uncommitted funds. Members supporting the program argued it helps New Hampshire students afford in-state college and should be reworked rather than repealed; opponents said the remaining balance was limited and the program should be ended. Amendment 1040 was defeated 4-5. The committee then turned to a judicial council request tied to a Franklin Pierce criminal justice clinic that had previously used ARPA funds. Supporters said the clinic cleared 323 cases in nine months, provided training for future attorneys, and could reduce more expensive assigned-counsel costs by helping the public defender system handle cases more efficiently. The amendment would add $100,000 to the judicial council line for that purpose. There was some confusion over the line item and whether the request should be attributed to the judicial branch or judicial council, which was corrected during discussion. Members also discussed a larger issue: the judicial council’s budget request appeared lower than intended because of a possible clerical error in how prior-year funding was calculated, especially after the last budget combined HB 1 and HB 2 funding. The committee compared the public defender line and assigned counsel line, noting that if public defender funding is cut, more cases would shift to assigned counsel, which is more expensive. No final vote on the judicial council amendment is shown in the excerpt.

Transcript Highlights:

• with the Mitigation Fee Act.
• and prohibiting impact fees on ADUs that are 750 square feet or smaller, and requiring that fees for
• Because many times they're avoiding impact fees, school fees, and they're already having to pay.
• So your fee under current law would be 25% of whatever the fee is, right? Yes.
• So your fee under current law would be 25% of whatever the fee is, right?

Summary: The Assembly Housing and Community Development Committee heard several housing-related bills. SB 457 would direct HCD to develop statistical formulas based on historical development data to help cities complete housing element site inventories, with the author and supporters arguing it would make RHNA compliance more realistic and less costly; the California Building Industry Association opposed, and the bill was later approved on a 7-1 vote. SB 904 would codify and expand wildfire-rebuilding coordination and reporting practices used after recent fires, with supporters saying it would speed recovery and opponents questioning the need for additional reporting; it passed 11-1. The committee also took up SB 1091, which would create a state acquisition-and-preservation program for unsubsidized affordable housing to prevent displacement; it drew broad support from housing and tenant groups and passed 9-1, with members emphasizing preservation as a key housing strategy. Members also considered SB 1267, which would require EV charger installers in common-interest developments to indemnify associations during installation and make homeowners responsible for costs arising from use of privately owned chargers. The bill was presented as a follow-up to prior HOA-related EV charging legislation, with support from HOA, EV, and climate groups and opposition from the California Association of Realtors pending amendments; it passed 10-0. SB 1117 would clarify that ADU impact fees above the 750-square-foot exemption are charged only on the portion above that threshold, not the entire unit, and supporters said it would remove a fee cliff that discourages slightly larger ADUs. Cities, special districts, and fire agencies opposed or opposed unless amended, citing infrastructure funding concerns, but the bill passed 10-0 after extensive debate. The committee also heard SB 1361, which would prevent local governments from taking actions to avoid SB 79 transit-oriented housing requirements at existing or planned transit stops. Supporters from L.A. Metro, labor, and housing groups said it would protect transit investments and jobs, while the City of Burbank opposed; the bill passed 9-0. Two consent items, SB 722 and SB 1426, were approved without discussion. Throughout the hearing, members repeatedly stressed the goals of streamlining housing production, preserving existing affordable homes, and reducing barriers to rebuilding and transit-oriented development.

Transcript Highlights:

• We have tried to include both management fees, but also fees that are incentives or carried interest,
• I know that all KPPPA and TRS are always working to try to reduce those fees, but fee dollar amounts
• tried to include both management fees tried to include both management fees but<00:20:33.440>
• c> incentives<00:20:35.200> or but also fees that are incentives or but also fees that are
• amounts<00:21:04.799> will those fees, but fee dollar amounts will those fees, but fee dollar

Keywords: Meeting Start: 00:00 Attendance Roll Call: 01:02 Approval of Minutes: 02:03 Annual Investment Review: 04:10 Adjournment: 37:34, 958, all

Summary: The committee met with a quorum, approved the prior meeting minutes, welcomed new staff member Sean Parks, and announced that it would not meet in November. The next meeting was scheduled for December 8 at 10:00 a.m., with the chair noting that pension bills would be heard then and emphasizing that all pension bills must go through the full process and include actuarial analysis. Brad Gross of the Public Pension Oversight Board presented a detailed review of Kentucky retirement systems’ investments and funding. He said fiscal year 2025 ended with about $50.5 billion in pension assets and $12.52 billion in retiree health assets, both up from the prior year. He reported strong investment performance across the systems, with all Kentucky public pension funds exceeding their policy benchmarks and the median peer return of 10.4%. He also discussed long-term return trends, asset allocation differences among the systems, fee levels, and cash flow, noting that cash flow remains a key monitoring issue and that supplemental appropriations have improved the cash position of some funds, especially the Kentucky State Police and TRS systems. Gross also explained that assumed rates of return have generally fallen over time, which increases unfunded liabilities and required contributions, and said the systems’ current assumptions range from 5.25% to 7.1%. He noted that the committee’s materials included peer comparisons and historical charts, and that all asset classes were within target ranges. In response to a question from Senator Funky From, Gross was asked about pension spiking and whether supplemental general fund contributions could create a false sense of security in cash flow analysis; the question was raised but not resolved in the portion of the transcript provided.

Transcript Highlights:

• It's $2 million and safety and security.
• establishes a maximum tuition and fee establishes a maximum tuition and fee amount<00:26:34.960>
• Section two on page 23 makes security.
• <00:37:15.839> paid made though are increases in fees paid made though are increases in fees
• <01:29:13.520> for and and settled on cyber security for and and settled on cyber security

Keywords: 919, house, all

Summary: The committee took up House File 2312 and first adopted the DE1 amendment, after which the amended bill was discussed. Nonpartisan fiscal staff walked through the spreadsheet and explained the bill’s higher education budget changes, including increases for state grants and tribal college assistance, unchanged funding for several existing programs, and reductions or eliminations for items such as state work study, summer academic enrichment, student loan counseling, concurrent enrollment, and the student parent support initiative. Staff also noted transfers to special revenue funds, the cancellation and reappropriation of ALS research funding, and a new licensing/registration revenue item. The committee was told the bill met the committee’s zero target overall, with a net general fund change of zero relative to the February forecast, while also adding some non-general fund expenditures for program licensing and registration. Members asked several questions about the transfers and specific line items, including whether any new special revenue accounts were being created, the foster care wraparound services line, and the treatment of the University of Minnesota and Centric Care partnership. Staff explained that the transfers generally did not create new accounts, that some items were not in the base, and that the U of M/Centric Care partnership was a one-time appropriation in the prior bill but was now being built into the base at a different amount. The University of Minnesota section also included new or continued funding for medical school development, health training restoration, emergency assistance grants, ALS research, and a weather resiliency program, while the Mayo Foundation section eliminated funding for Mayo Medical School and the Mayo family medicine residency program. The policy portion of the DE1 was then introduced. It included a maximum tuition and fee amount for state grants, direct appropriation of emergency assistance grants to Minnesota State, a juvenile justice appropriation for Metropolitan State University, and the ALS research reappropriation to the University of Minnesota. It also contained repealers for unfunded programs, including a delayed repealer for the student parent support initiative. In the higher education policy article, the bill would allow Minnesota State to offer applied doctoral degrees in cybersecurity, make technical changes to hunger-free campus and sexual misconduct procedures, extend pregnant and parenting student protections to private institutions, allow OHE to retain up to 10% of certain competitive grants for administration, consolidate reports, change the state grant formula so negative FAFSA contributions count as zero, and reduce the state grant lifetime credit cap from 180 to 120 credits. The Northstar Promise provisions would limit tuition and fees to resident rates and require MnState, and request the University of Minnesota, to ensure eligible students receive the benefit.