Video & Transcript Research : 'transferability'
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US
US Federal 2025-2026 Regular Session
Hearings to examine the Panama Canal and its impact on U.S. trade and national security, focusing on fees and foreign influence. Jan 28th, 2025 at 09:00 am
Commerce, Science, and Transportation Committee
Transcript Highlights:
- surprising when one understands that the United States made an extraordinary concession to Panama by transferring
- Panama to expel Chinese entities in foreign control and honor its neutrality under the— the 1977 transfer
- up, and now the locks are non-functional for our usage, and we can't support an inter-ocean fleet transfer
- However, given that the United States has transferred control and sovereignty of the canal zone to Panama
WA
Washington 2025-2026 Regular Session
Committee to Hear SAO Performance Audits Jun 3rd, 2026 at 01:00 pm
Transcript Highlights:
- They make necessary modifications like decimal formatting, and they transfer data as needed.
- For example, we found that OSPI had not maintained an automated data transfer between one of those rainbow
- modifications caused by changes in statutory requirements instead of addressing that broken data transfer
Summary:
The committee heard a State Auditor’s Office performance audit on OSPI’s school apportionment system, which distributes K-12 funding to districts. Auditors said the system and its underlying 2008-era infrastructure are outdated, unstable, inefficient, and at high risk of errors or failure. They also found weak controls over data input, documentation, oversight, and monitoring, with heavy reliance on a small number of staff and vendor knowledge. In limited testing of three districts, the system calculated 2023–24 funding correctly, but auditors identified small discrepancies between state budget inputs and underlying statutory language and said broader system risks remain unresolved.
JLARC members asked about the scope of the district testing, whether smaller districts face greater risk, the meaning of the funding discrepancies, and whether the system could support a future change to a simpler per-student funding formula. Auditors said the discrepancies were small but could compound into millions statewide, and that the audit did not evaluate broader policy questions or alternative system owners. They recommended OSPI modernize or replace the system and address current control weaknesses while the new platform is developed.
OSPI officials largely agreed that the current platform needs replacement and said a feasibility study completed in 2024 found the system at catastrophic risk of failure. They clarified that the Legislature had approved up to $16 million in the state IT pool for the project, but that funding is released through gated oversight and not all of it had yet been appropriated for the current biennium. OSPI disputed the auditor’s characterization of some rounding and budget-law issues, saying the calculations were consistent with agency rules and legislative inputs, and explained that some manual workarounds are used to handle newer statutory requirements. One member of the public testified in support of modernizing the system and strengthening controls. The committee then adjourned.
AZ
Arizona 2026 Regular Session
04/29/2026 - House Republican Caucus Calendar #21
Transcript Highlights:
- budget includes an increase of $360,000,200,000 in general fund revenues as a result of a one-time transfer
- The bill specifies that the legislature is not required to appropriate or transfer monies to or from
- The bill limits the amount of appropriated monies transferred to the Water Quality Assurance Revolving
AZ
Arizona 2026 Regular Session
04/16/2026 - Finance Advisory Committee
Transcript Highlights:
- look to for any state to judge overall economic performance: real GDP, real personal income less transfer
- look to for any state to judge overall economic performance: real GDP, real personal income less transfer
- Real personal income less transfer payments shows some nice growth in 2024, but then really nothing much
Summary:
The Finance Advisory Committee received an update on the state revenue forecast and broader economic conditions. Staff said the April forecast was more cautious than January’s, citing greater uncertainty from the Iran conflict and other macroeconomic risks. Available general fund resources for the four-year period were revised down from $577 million in January to $378 million in April, with no change to expenditure estimates. George Hammond of the University of Arizona then presented on the national, state, and local economy, emphasizing risks from geopolitical conflict, tariffs, federal policy uncertainty, labor supply constraints, and elevated housing costs. He said Arizona job growth had been weak and driven mainly by health care, while inflation in Phoenix remained moderate but shelter and consumer commodity prices were still elevated. He also noted that population growth is increasingly dependent on net migration as natural increase slows.
Panelists generally echoed the cautious outlook. Liz St. Clair said Arizona’s near-term revenue outlook still had some support from tourism and a strong spring season, but rising fuel costs and the duration of the Middle East conflict could pressure discretionary spending and revenues. Jim Rounds argued the economy was likely headed for a soft landing, though he warned that federal borrowing, inflation, workforce shortages, and energy reliability remain concerns; he also criticized leaving the Rainy Day Fund unused. Danny Court said the housing market remains under pressure on the ownership side, while rental supply and industrial demand have been relatively strong, and he noted sticky inflation and immigration declines as additional risks. Doug Walls explained that large employment benchmark revisions were affecting Arizona’s job numbers, and said the latest report showed slower but more balanced growth, though labor force declines and a higher unemployment rate were concerning. Lorenzo Romero added that business activity appears resilient in the low-hire, low-fire environment, but warned about debt burdens, uneven wage growth, and ongoing uncertainty. No votes or formal actions were taken.
WV
West Virginia 2026 Regular Session
Senate in Session Mar 12th, 2026 at 03:29 pm
West Virginia Senate Floor Meeting
Transcript Highlights:
- Two ways, it makes clear that the $75 million that will be transferred out of the Economic Development
- to digitize all records associated with unresolved missing persons complaints or a cold case and transfer
- Engrossed House Bill 425 to repeal the provision allowing students to transfer from one school to another
OK
Oklahoma 2026 Regular Session
Appropriations and Budget Health Subcommittee - Morning Session Jan 22nd, 2026 at 09:33 am
A&B Health Subcommittee
Transcript Highlights:
- affiliation agreement that allows the university, the university hospital, and the VA to seamlessly transfer
- I can offer the physician services, the hospital may make the determination that I just need to transfer
- bit about the portal launched in October, and there has been some difficulty with the old data transferring
WV
West Virginia 2026 Regular Session
WV Senate Finance Committee in Session Jan 15th, 2026 at 03:02 pm
Transcript Highlights:
- That gold bar is about $30 million a year that's statutorily transferred from the personal income tax
- There's a couple of special revenue transfers that come off of sales tax to other sources.
- And since that program got started back around 2003, we have transferred about $360 million for the development
Summary:
The Senate Finance Committee met with a quorum present and first approved the minutes from the January 15 morning meeting. The main agenda item was the Department of Revenue’s budget and revenue presentation from Secretary Eric Nelson, Deputy Secretary Peter Shirley, and Deputy Secretary Mark Mucco. Nelson said the state remains double-A rated with a positive outlook, the budget includes a 5% personal income tax reduction, and the 2027 general revenue estimate is $5.493 billion, up $170 million from the prior year. Shirley gave an economic overview, saying West Virginia is forecast to see continued but slowing employment growth, continued wage growth, gains in private education/health services and business services, declines in some sectors, improving labor force participation relative to the nation, and strong recent net in-migration. He also noted continued growth in natural gas production and a modest rebound in coal production, though coal faces longer-term demand pressure.
Mucco reviewed revenue trends and said 2025 collections were about $5.5 billion, below the prior year but above estimate, with personal income tax and sales tax driving the surplus. He explained that the forecast incorporates the 5% PIT cut and annual conformity to the federal One Big Beautiful Bill Act, including changes such as Section 179 expensing, bonus depreciation, R&D expensing, business interest deductions, and a new manufacturing facility expensing provision. He also discussed the effects of tax credits, severance tax volatility, declining tobacco revenues, and health care provider tax changes tied to federal Medicaid rules. He said road fund revenues are largely flat absent policy changes, and county commission revenues are growing faster than state revenues.
Members asked about when new economic development projects like NewCore would appear in the projections, how much 20,000 new jobs would matter, whether the department had a calculator for job-growth impacts, the status of recent tax cuts, road fund growth, tobacco/vape taxation, and whether migration data could be broken down by county. The witnesses said major projects are not yet in the S&P-based forecast but would likely add jobs, wages, and tax revenue over time; they estimated 20,000 jobs would be a significant increase. They also said the state is unlikely to hit the current personal income tax trigger in the near term. No substantive votes were taken beyond approving the minutes, and the committee adjourned after a motion carried by voice vote.
FL
Florida 2026 Regular Session
Appropriations Committee on Higher Education Jan 14th, 2026
Appropriations Committee on Higher Education
Transcript Highlights:
- Trustee Collins talked about in our CDL, or be a nursing program, or a business degree, the ability to transfer
- admission process so that we can provide ways to use existing credits and see how those credits can transfer
- I transferred to Auburn University, where I earned a degree in finance.
Summary:
The Appropriations Committee on Higher Education received a presentation from the Governor’s Office and the Commissioner of Education on the proposed higher education budget. The presentation highlighted a $117.4 billion overall state budget, with education at $32.5 billion and higher education receiving a modest overall increase. Key items included no tuition or fee increases for Florida residents, major financial aid funding such as Bright Futures, Benacquisto, EASE, Open Door, and first responder scholarships, as well as workforce investments including apprenticeship programs, career and technical education, nursing pipeline funding, and performance-based funding for colleges and universities.
Committee members asked questions about the proposed expansion of the Guardian program at state colleges and the $100 million university recruitment and retention fund. Officials said the Guardian funding would give colleges flexibility to use trained personnel for campus safety, sometimes alongside or in place of campus police or private security. The Chancellor explained that the recruitment and retention money would be distributed to universities with no specific directives beyond using it for faculty recruitment and retention, emphasizing Florida’s favorable demographics and the opportunity to attract faculty from states facing enrollment declines.
The committee then heard testimony from multiple appointees and reappointees to boards of trustees at state colleges and universities, including Eastern Florida State College, Lake-Sumter State College, State College of Florida Manatee-Sarasota, Miami Dade College, Northwest Florida State College, and St. Johns River State College. Each described their backgrounds and stressed themes of affordability, workforce alignment, nursing and technical programs, dual enrollment, and local community needs. Several cited strong nursing licensure pass rates and college outcomes. After hearing all appointees, the committee voted unanimously to confirm the full block of nominees, and the confirmations were reported favorably before the meeting adjourned.
FL
Florida 2025 Regular Session
Appropriations Committee on Higher Education Oct 8th, 2025
Transcript Highlights:
- So not only in the general education dual enrollment for transfer articulation, but also in career dual
- excited about recently at our last State Board of Education meeting, the specialized Associate in Arts Transfer
- Many of our other state colleges are looking at the specialized transfer pathways as well and how to
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Sep 12th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- The fund grows from oil and gas transfers and investment earnings.
- Another thing that comes Out of the general fund investment pool are those large oil and gas transfers
- They need to have billions on hand when those transfers, you know, when that button is pushed at DFA.
ND
North Dakota 2025-2026 Regular Session
House Appropriations - Human Resources Division Apr 10th, 2025 at 02:30 pm
Appropriations - Human Resources Division
Transcript Highlights:
- So did you, in this transfer of federal money and in the highly rural transportation area, did you go
- add sections regarding the authority of the administrative committee on Veterans Affairs and to transfer
- The transfers to the new and vacant FTE pool, those are built in.
Summary:
The committee reconvened to work through the amended version of Senate Bill 2025, beginning with a clarification from the Department of Veterans Affairs on the source of funds used to cover the commissioner’s salary equity increase. Commissioner Lonnie Wong explained that the money came from federal highly rural transportation grant administrative/salary funds, within the allowable 10% administrative cap, and that the department had not exceeded that limit. The committee then reviewed the major House changes to the veterans budget, including funding for a veterans benefits specialist FTE, salary equity increases for veterans service officers, additional operating funds, one-time funding for homeless veteran services and the Veterans Post-War Trust Fund, carryover authority for Fisher House and veterans transportation projects, accrued leave, and a document scanning project. Members also discussed a section changing governance authority for veterans affairs and the veterans home, with questions about the ACOVA board and the governor’s appointment authority.
The committee debated the appropriateness of using federal grant administrative funds for salary adjustments and the broader shift in authority over veterans affairs, with some members emphasizing legislative control over salaries and budget decisions and others supporting the reorganization as a way to improve administration. After discussion, Amendment 25.092.0203 was moved, seconded, and adopted on an 8-0 roll call. The committee then moved SB 2025 as amended, and that motion also passed 8-0.
The meeting then shifted to Department of Corrections and Rehabilitation budget issues, where members reviewed FTE reductions, salary equity funding for correctional officers and parole/probation officers, and the status of federal ARPA dollars that had previously been used to backfill salaries and bonuses. DOCR officials described pay levels for correctional officers and compared them with county jail wages, arguing that the proposed equity funding was needed for retention and competitiveness. Members also discussed transitional facility costs, women’s treatment unit funding, and county jail overflow housing, including new or planned bed capacity in Grand Forks, Burleigh-Morton, Rugby, and other facilities. The committee agreed to continue refining the budget through a new long sheet and planned to request amendments for consideration in the following days before adjourning.
TX
Transcript Highlights:
- for our school that they've already been given by THECB. for students too, smoothing out credit transfers
- You just mentioned credit transfer. How does that transfer from one to the other?
Bills:
HB173, HB184, HB484, HB678, HB 1211, HB1507, HB1705, HB1868, HB2290, HB2851, HB2856, HB3041, HB3204, HB173, HB184
Keywords:
foreign donations, higher education, public institutions, national security, funding, prohibition, Texas law, healthcare, insurance, affordability, access, public health, foreign influence, education policy, student loan repayment, prosecuting attorneys, border prosecution unit, financial assistance, tobacco, cigarettes
TX
Transcript Highlights:
- It has always been the intent of the legislature to preserve familial transfers without allowing the
- relationships, then I think that this bill is addressing the right issue by ensuring that families can transfer
- It will transfer pasture land owned by the Texas Department of Criminal Justice to Walker County.
Bills:
SB1079, SB1243, SB1504, SB1579, SB1708, SB1844, SB1851, SB1879, SB1921, SB1951, SB2237, SB2238, SB2406, SB2407
Keywords:
SB 1079, Texas, county government, commissioners court, Local Government Code, Chapter 263, surplus property, salvage property, data storage device, hard drive, electronic media, digital records, confidential information, protected information, privacy, records retention, information security, data destruction, device disposal, sensitive data
TX
Transcript Highlights:
- Committee on Natural Resources HB 2606 by Bryant relating to the unlawful and acquisition, purchase, and transfer
- Bureau of Investigation for the use of National Instant Criminal Background check system for the transfer
- abolition of the Texas Education Agency and elimination of the poser, Commissioner of Education Transfer
FL
Florida 2026 5th Special Session
Banking and Insurance Mar 17th, 2025
Transcript Highlights:
- consumer disclosure requirements, which must be signed before a policy is exported to the E&S market, transfers
- consumer disclosure requirements, which must be signed before a policy is exported to the E&S market, transfers
- consumer disclosure requirements, which must be signed before a policy exported to the E&S market, transfers
Summary:
The committee heard and advanced several insurance, financial regulation, and public safety bills. SB 1656, a large Office of Insurance Regulation bill, was taken up with a delete-all amendment and extensive discussion. The bill would increase transparency in insurance rates and mitigation data, update reciprocal insurer rules, limit use-and-file rate filings, expand cybersecurity breach notification, and strengthen oversight of continuing care retirement communities (CCRCs). Residents and senior advocates generally supported stronger oversight to prevent bankruptcies like the Unison case, while CCRC operators and industry groups warned that lien authority, reserve requirements, and other provisions could raise borrowing costs and burden well-run communities. The committee adopted the delete-all amendment and then reported the bill favorably after debate and public testimony.
The committee also passed SB 1658 on the public records database for uniform mitigation verification forms, with a clarifying amendment protecting policyholders’ personal information. SB 1612 on financial institutions was reported favorably after an amendment and substitute amendment dealing with credit union investment limits and reimbursement rules for board members. SB 1740, an insurance bill aimed at reducing premiums and insolvency risk, was amended to prioritize rate-decrease filings and prohibit AI as the sole basis for claim denials; it was then reported favorably. SB 1212 on firefighter health and safety was amended to add occupational disease language and other firefighter protections, including safer gear, cancer prevention, and possible telehealth mental health services, and was also reported favorably.
Finally, SB 1184 on residual market insurers was amended to preserve existing excess-and-surplus line standards, strengthen consumer disclosures, and clarify Citizens-related appointment rules before being reported favorably. Throughout the meeting, committee members repeatedly noted that several bills were still being refined with stakeholders, and multiple public witnesses testified in support of or opposition to the CCRC and insurance provisions, focusing on resident protection, financial stability, and unintended cost impacts.
TX
Transcript Highlights:
- The committee's substitute to SJR 3 transfers $3 billion from general revenue to the fund.
- It establishes this fund in the Constitution it directs the transfer transfer of three billion dollars
Bills:
SJR3, SB5, SB21, SB72, SB703, SB764, SB790, SJR36, SJR3, SJR34, SJR18, SCR9, SB616, SB565, SB384, SB5, SB21, SB72, SB140, SB262, SB370, SB372, SB495, SB627, SB703, SB764, SB842, SB971, SB790, SB767, SB480, SB1066, SB929, SB765, SB523, SB62, SB19, SB18, SB666, SB688, SB707, SB888, SB687, SB706, SB847, SB869, SB890, SB992, SB1145, SB494, SB290, SB766, SB11, SB10, SB13, SB263, SJR3, SB5, SR172, SR176, SR177, SR190, SR193, SR194, SR202, SR203, SR208
Keywords:
dementia, Alzheimer's disease, Parkinson's disease, research funding, state budget, prevention, healthcare, medical research, Dementia Prevention and Research Institute, research institute, funding, grants, state health initiatives, cryptocurrency, bitcoin, investment reserve, economic resilience, financial security, vehicle rental, damage waiver
FL
Florida 2025 Regular Session
March 4, 2025 - 04:00 PM
Transcript Highlights:
- Caruso mentioned the president that was later found to be making the same money when transferred over
- They have different funds; fund 171 is a fund that they get transfers from their foundation.
- And also, it sounds like you didn't see any transfers from a DSO or the foundation into that fund for
Summary:
The Higher Education Budget Subcommittee met to hear a presentation from the Florida Auditor General’s office on recent operational audits of four universities and to discuss how audit findings are handled. The Auditor General explained that financial audits occur annually and operational audits at least every three years, with universities required to respond in writing to findings; the office generally follows up in the next audit cycle, though it can audit sooner if needed. Members asked about accountability, whether findings are referred to other bodies, and how internal university audit functions interact with the state audit process. The chair emphasized the committee’s oversight role in ensuring public funds are used appropriately.
The audit findings highlighted issues at New College of Florida, Florida A&M University, the University of Florida, and Florida Atlantic University. At New College, auditors cited invoice/payment errors, delinquent student account collection delays, prohibited extra compensation, exceeding state remuneration limits for certain employees, weak purchasing card controls, construction management cost documentation issues, and subcontractor licensing documentation gaps. At FAMU, auditors found investment accounting classification issues, delayed bank reconciliations, late vendor payments, and incomplete annual employee evaluations. At UF, auditors reported concerns over a $6.4 million consulting contract, event and catering spending, president’s office hiring and salary practices, bonus and relocation payments, continued high compensation after the president transitioned to another role, travel expenses including charter flights, and remote work agreements. At FAU, auditors found distance learning fee revenue exceeded allowable costs by about $2.8 million, carry forward funds were underreported by about $77 million, and credit card controls needed improvement.
Members pressed the Auditor General on whether overpayments were refunded, whether any findings involved statutory violations, and what enforcement exists beyond the audit report. The auditor said some issues were corrected by the universities, such as New College recovering excess compensation from foundation funds, but others would be revisited in future audits; if potential fraud were identified, it would be referred to the state attorney’s office. The chair closed by noting that accountability for public spending rests with the Legislature and the committee, and the meeting adjourned without any vote or formal action beyond receiving the presentation.
FL
Florida 2026 Regular Session
Children, Families, and Elder Affairs Mar 4th, 2025
Children, Families, and Elder Affairs
Transcript Highlights:
- This will help by first of all allowing any further transfer from the bank.
- All she needs to do is pay the taxes, the transfer taxes, right? So, you know, this is a problem.
- So oftentimes we will see that where there's a wire transfer going to, you know, the Nigerian prince.
Summary:
The Committee on Children, Families, and Elder Affairs met with a quorum and first took up SB 398, which would create a statewide public health awareness campaign through the Department of Elder Affairs on Alzheimer’s disease and related dementias. Senator Burgess said the campaign would focus on early detection, brain health, risk reduction, clinical trial access, and community resources. The committee heard supportive testimony from a caregiver, AARP, the Alzheimer’s Association, and others, with members discussing the need for culturally responsive outreach and continued funding. SB 398 was reported favorably by roll call vote.
The committee then heard SB 106, which would strengthen Florida’s exploitation injunction law for vulnerable adults by allowing service of an unascertainable exploiter through the same communication method used to contact the victim, such as text, Facebook Messenger, or WhatsApp. Senator Martin explained the bill as a way to close a loophole that lets scammers evade traditional service, and witnesses from the Florida Bankers Association and the Florida Bar’s Elder Law Section supported it, describing how the bill could stop ongoing thefts more quickly while preserving due process. Members asked about gift card scams, clerk workload, and the definition of an unascertainable respondent. SB 106 was reported favorably.
The Department of Children and Families then presented an update on the Adoption Benefits for Qualifying Adoptive Employees Program, describing its expansion over time and the current one-time lump-sum benefit structure for eligible adoptive parents. The presentation covered eligibility rules, open enrollment, funding history, and the program’s impact on adoption placements, with members asking why tax collectors were included but other constitutional offices were not, and whether foster relatives could qualify. Finally, the committee considered SPB 7012, a committee bill addressing child welfare workforce shortages, treatment foster care for high-acuity children, and improved data collection on commercially sexually exploited children. The bill would direct DCF to recruit former public safety workers for CPI and case manager roles, create a treatment foster care pilot in two judicial circuits, and require more detailed, analyzable data and capacity studies. The bill drew support from child welfare advocates, with some members urging DCF to return with a more developed framework; it was adopted as a committee bill and reported favorably.
HI
Transcript Highlights:
- the effective date of this bill, but after that they wouldn't be able to sell them in the state or transfer
- the effective date of this bill, but after that they wouldn't be able to sell them in the state or transfer
- , including by inheritance. ...but after that they wouldn't be able to sell them in the state or transfer
Summary:
The Judiciary Committee met in decision-making only session and took up a series of bills, mostly approving them with amendments. SB 1032 on campaign finance passed with amendments to change the certification process for business entities, add a severability-type provision if foreign-influence conditions are struck down, and note a related Minnesota federal case. SB 401 on firearms passed with amendments to exclude shotguns, grandfather legally registered devices in place as of the effective date, and add committee report findings; SB 382 on procurement confidentiality passed as is; SB 598 extending deadlines for administrative driver’s license revocation review decisions passed as is; SB 771 on HHFDC board leadership passed as is; and SB 1318 clarifying water pollution enforcement jurisdiction passed as is.
The committee also approved SB 1657 with an amendment removing authority to condemn public property, SB 1102 with an amendment making the Fire Council the source of nominees for the aircraft rescue fire fighting chief, and SB 100 with amendments replacing the original substance with a prohibition on fingerprinting nonprofit liquor-license board members during background checks and limiting the bill to counties under 500,000 population. SB 170 and SB 1296, both related to special management area exemptions for affordable housing and disaster-related reconstruction, passed with amendments incorporating Office of Planning, Sustainable Development, and Attorney General changes to narrow and clarify the exemptions.
Finally, SB 363, a cleanup bill related to firearm parts and ghost gun laws, was considered with amendments that deleted a proposed new penalty section, revised existing firearms statutes, removed an unnecessary definition, and expanded penalties to include indeterminate imprisonment terms. Despite the amendments, the measure was not adopted because the Vice Chair voted no. The committee then adjourned and announced a later joint hearing with Ways and Means.
AR
Arkansas 2026 1st Special Session
ALC-LOTTERY OVERSIGHT SUBCOMMITTEE Jun 16th, 2026
ALC-LOTTERY OVERSIGHT SUBCOMMITTEE
Transcript Highlights:
- then down at the bottom, when you see kind of that final number for the net proceeds that'll be transferred
- and all the payouts and the administrative expenses are out, the lottery has netted, before any transfers
Summary:
The committee reviewed two Arkansas Scholarship Lottery contracts and the lottery’s proposed fiscal 2027 budget, along with the monthly disclosure report for May 2026. The first contract was a new three-year advertising and marketing agreement with Cranford Company, running July 1, 2026, through June 30, 2029, for $19.29 million total, with two optional one-year extensions. Lottery officials said the contract followed an RFP with five bids, no disqualifications, and would cost about $1 million less than the prior contract. Members asked about the bid scoring formula and the weight given to price, and the item was reviewed after a motion and vote. The second contract was a three-year University of Arkansas sponsorship agreement through Learfield for $86,800 per year, or $260,400 total, with no extensions; members questioned a system-generated summary figure that incorrectly showed $1.8 million, and staff clarified that the contract itself did not contain that amount. This item was also reviewed without objection after a motion and vote.
In the budget presentation, the Arkansas Scholarship Lottery projected about $108.2 million in net proceeds to be transferred to the scholarship account for fiscal 2027. Officials highlighted expected savings of about $1 million each from the new gaming system/scratch ticket printing contracts and the new advertising contract, along with slight shifts in instant and draw ticket revenue forecasts. The committee did not take action on the budget beyond hearing the presentation.
The monthly disclosure report showed May 2026 instant game sales were flat year over year, draw game sales were up 12.6%, and total revenue was up 2.2%, while net proceeds were down 8.2% year over year but up 2.5% versus budget for the month. Year to date, draw game sales were up nearly 11.5% and net proceeds were up about 6.4% to 6.5% year over year, with net proceeds ahead of budget by 9.5%. Members asked how unclaimed prizes are handled, and staff explained that scratch-off prizes must be claimed within 90 days and draw prizes within 180 days; unclaimed prizes remain in reserve during the year, then all but $1 million are transferred to the scholarship trust account at fiscal year end. The meeting ended with praise for the lottery’s marketing around a recent large winner and then adjourned.