Transcript Highlights:

• There was also new capital at the reinsurance level that was coming online from various global markets
• fantastic thing from one perspective, but it is also important that we make sure Citizens has the capital
• The concern was too big was what if a hurricane happens, does it have enough capital on hand to avoid
• The concern was too big was what if a hurricane happens, does it have enough capital on hand to avoid
• And it's not going to be the same pot of capital that they're going to devote to hurricane risk, which

Summary: The Senate Committee on Banking and Insurance convened with a quorum present, and Commissioner Michael Yaworsky of the Office of Insurance Regulation delivered a broad update on Florida’s property insurance market. He outlined the division of responsibilities between OIR and the Department of Financial Services, then reported market indicators including 7.61 million residential policies in force, an average premium of $2,755, 1.5 million Citizens takeout approvals, and recent negative trends in homeowners rate requests. He credited recent legislative reforms, especially tort reform and the Insurer Accountability Act, with improving market stability, increasing competition, and allowing the office to conduct more examinations and investigations, recover consumer restitution, and fine insurers for misconduct tied to recent hurricanes. Yaworsky emphasized that Citizens Property Insurance has been rapidly depopulating from its 2022 peak and may fall below 300,000 policies, while cautioning that over-depopulation could create residual-market risks and assessments if a major storm hits. He also discussed the distinction between admitted and surplus lines markets, the role of reinsurance in Florida pricing, and the effect of inflation on total insured values and premiums. He said Florida has seen comparatively modest property rate increases relative to other states and noted that recent hurricanes did not produce the kind of rate spikes seen in prior years, which he attributed to a more stable market and reduced fraud and litigation pressure. In response to a question from Senator Martin, Yaworsky explained that California’s wildfire crisis and regulatory structure are not a direct one-to-one comparison for Florida, but that California’s market problems can affect global reinsurance capacity and serve as a cautionary example of regulatory missteps. He also highlighted a recent Progressive auto insurance excess-profits refund of about $1 billion to policyholders, discussed possible federal changes to the National Flood Insurance Program, and urged greater home resiliency and code-plus adoption. The commissioner closed by calling for clearer consumer disclosures and responsible oversight of AI use in insurance filings. No bills were considered and no votes were taken; Senator Hooper moved to adjourn, and the committee adjourned without objection.

Transcript Highlights:

• Um, and then last time we have two capital projects that did not get funded in the capital budget and
• Um, and then last time we have two capital projects that did not get funded in the capital budget and
• Um, and then last time we have two capital projects that did not get funded in the capital budget and
• um capital budgets.
• There was a capital um capital budgets.

Keywords: 1191, senate, all

Transcript Highlights:

• All right, the bond initiatives are ordered to the capital budget subcommittee.
• All right, the bond initiatives are ordered to the capital budget subcommittee. That does it.
• All right, the bond initiatives are ordered to the capital budget subcommittee. That does it.
• bond initiatives are uh ordered<00:02:44.480> to<00:02:44.640> the<00:02:45.280> capital
• <00:02:45.680> budget ordered to the capital budget ordered to the capital budget subcommittee

Keywords: Senate streaming session for Wednesday, January 28, 2026, 960, senate, all

Summary: The Maryland Senate met in a brief pro forma session with only three members present. The presiding officer welcomed several new student pages from across the state and noted that, despite the light floor schedule due to a snow day, committees were still active and more substantive debate was expected the following day. The chamber then considered the reading of the journal and introduced one bill, Senate Bill 390, a Wicomico County measure concerning Class A beer, wine, and liquor license alterations, which was referred to the Finance Committee. Two Senate bond initiatives were also introduced: one from Senator Brooks for 234 Main Street and one from Senator King for Washington Grove Playground; both were referred to the Budget and Taxation Committee and then ordered to the capital budget subcommittee. No floor votes were taken on the bill or bond initiatives. After a quorum call confirmed the Senate remained in session, the majority leader moved adjournment, and the Senate adjourned until Thursday, January 29 at 10 a.m.

Transcript Highlights:

• <00:03:15.840> state consuming alcohol within the state consuming alcohol within the state capital
• <00:03:16.879> Senator capital Senator capital Senator a<00:03:19.799> m<00:03:20.480><
• 04:43.919> your<00:04:44.080> stay<00:04:44.280> at<00:04:44.400> the capital
• 49.560> motion<00:04:49.919> on<00:04:50.120> the<00:04:50.240> floor capital
• back to the motion on the floor capital back to the motion on the floor for<00:04:50.840> adjournment

Keywords: 912, senate, all

Transcript Highlights:

• And then capital operational backs stop.
• <00:21:46.400> to would have to inject more capital to would have to inject more capital to
• Capital, the OCC.
• Most of those we see have a fixed minimum capital requirement, additional risk-based capital, and bank-like
• Most of those we see have a fixed minimum capital requirement, additional risk-based capital, and bank-like

Keywords: 1189, house, all

Summary: The meeting began with roll call and introductions of commission members and guests, followed by approval of the agenda and a motion to approve the February 10 minutes with a correction clarifying that one quoted statement was misattributed. The commission then moved into presentations. The main presentation came from the Conference of State Bank Supervisors on implementation of the federal GENIUS Act for stablecoins. The speaker reviewed the OCC’s recent 367-page proposed rule, noting it raises many open questions and design choices for states, and discussed expected upcoming rulemaking from the FDIC, Federal Reserve, and Treasury. The presentation focused on six areas: permissible issuer activities, reserve assets and redemption, risk management and supervision, treatment of state-qualified issuers, capital/operational backstops, and foreign issuers. It also flagged unresolved issues around Bank Secrecy Act/AML requirements and the meaning of “digital asset service provider” activities. A substantial portion of the discussion addressed yield restrictions, with the presenter explaining the OCC’s broad definition of yield and its rebuttable presumption against issuer-affiliated or related third-party yield arrangements. The speaker said this likely forecloses many existing white-label structures but leaves some room for third-party payments depending on distance from the issuer, and noted ongoing Senate debate over similar provisions. The presentation also covered reserve valuation, liquidity and diversification requirements, redemption timing, and supervisory expectations such as third-party oversight, IT security, exam cycles, and reporting. No additional votes or formal actions were taken beyond approving the amended minutes.

Transcript Highlights:

• <00:05:07.760> construction, for K-12 school capital construction, for K-12 school capital
• <00:06:39.200> construction million was for uh, capital construction million was for uh, capital
• appreciated uh, the funding on capital appreciated uh, the funding on capital construction<01:13
• capital renewal or capital construction capital renewal or capital construction definition<01:30
• capital capital type<01:31:37.240> of<01:31:37.720> of<01:31:38.000> expenditure.

Keywords: 916, all

Transcript Highlights:

• So I'm not actually convinced that more subsidies on capital investments. It's the way to go.
• What's the assumption in terms of the capital cost for this project and on and on.
• the air at all times are So, we have the transit and inner city rail capital program.
• So with the transit intercity rail capital program, the fundamental question that I have and we don't
• In the TRCP program, it is a competitive capital program, right?

Keywords: 988, house, all

Transcript Highlights:

• capital capital uh<00:50:55.480> revenue.
• Chair and Senator Pratt, operating<01:13:49.000> capital<01:13:49.520> is operating capital
• is operating capital is the<01:13:50.520> operating<01:13:50.840> capital<01:13:51.120
• > certain<01:13:57.840> capital<01:13:58.120> expenses, be used for certain capital
• authorize the use of operating capital authorize the use of operating capital revenue<01:14:10.280

Keywords: 1187, senate, all

Transcript Highlights:

• In state terms, you all call this other capital outlay.
• Yes, certainly capital projects are major contributors to that when you have a big growth.
• For instance, at FAMU, 32% for capital projects. That's a bit of an outlier.
• Yes, certainly capital projects are major contributors to that when you have a big growth.
• projects. for instance, at FAMU, 32% for capital projects.

Summary: The Appropriations Committee on Higher Education met to examine how Florida’s state universities are funded and to begin discussing a possible university funding model. The panel included the State University System chancellor and CFOs from FSU, UF, FAMU, FAU, UNF, and UCF. Members first reviewed major cost drivers, which the universities said are broadly similar across institutions: wages and benefits, equipment and supplies, financial aid, professional services, utilities, IT, and maintenance. Several institutions noted unique pressures from geography, growth, research intensity, and mission, such as UCF’s size and engineering focus, UF’s land-grant and research enterprise, FAMU’s need to recruit top talent while serving a high-Pell student population, and FSU’s large facilities and research obligations. The chancellor also summarized systemwide cost growth since 2012-13, including higher health insurance, retirement, and salary costs, while noting tuition had been held flat. The committee then discussed other revenue sources, including auxiliaries, restricted funds, capital projects, and component units such as foundations and health systems. University leaders explained that many of these funds are restricted to specific purposes, and some, like UF Health, account for a large share of operating expenses. Members also discussed the current performance-based funding process. University representatives generally praised it for transparency, accountability, and its focus on student success, but said the heavy use of one-time funds, nonrecurring appropriations, and unfunded mandates makes long-term planning difficult. FSU and others argued that rising employee costs, waivers, and facilities expenses are not fully covered, while FAMU said performance funding has improved outcomes but can disadvantage institutions serving more low-income students. In response to questions about improvements, the universities suggested more recurring and predictable funding, better coverage of mandated costs, more flexibility in fees, and continued investment in research and strategic priorities. The chancellor said the Board of Governors is considering a version 3.0 of performance funding that would benchmark institutions against peers and Carnegie classifications. The committee also explored whether universities should have more flexibility to set out-of-state tuition and professional school tuition. Most university leaders favored giving boards of trustees more authority, while the chancellor cautioned that increasing out-of-state enrollment or tuition too much could affect legislative support. No votes were taken; the meeting ended with the chair thanking the panel and adjourning the committee.

Transcript Highlights:

• And so those seaports utilize our capital funding as a match and also pursue federal grants.
• The way it works in terms of how projects are funded is every seaport comes up with their own capital
• The way it works in terms of how projects are funded is every seaport comes up with their own capital
• They develop their own capital plans, and they're using state funds to help leverage and pursue also
• grants from the FAA to build out their capital plan.

Summary: The Transportation and Economic Development Budget Subcommittee heard an overview from FDOT Secretary Jared Perdue on the state’s transportation work program, with emphasis on the Moving Florida Forward initiative, major roadway projects, workforce needs, seaports, airports, spaceport infrastructure, and the role of MPOs/TPOs in planning. He said the $4 billion general revenue investment in Moving Florida Forward has been leveraged into a roughly $7 billion-plus program, with 20 projects underway and about 70% of the initiative expected to be under construction by year’s end. He highlighted I-4 as the centerpiece, describing a new procurement approach, phased delivery, and added lanes intended to provide congestion relief during construction. He also discussed a projected 38% growth in transportation workforce needs and proposed a Florida Transportation Academy and a research institute to support training and innovation. Tiffany King of the Florida Airports Council said Florida’s 128 public-use airports have about $5.7 billion in unfunded projects through 2029, and stressed that airport priorities include not only terminals and passenger capacity but also safety, security, gates, and environmental work. Michael Rubin of the Florida Ports Council said Florida’s 16 deepwater seaports now have a $195.9 billion economic impact, support about 1.2 million jobs, and generate $7.4 billion in state and local taxes; he noted that ports still have about $4 billion in project needs, including dredging and intermodal connections. Jeff Sheffield of the North Florida TPO described the value of regional, community-based planning and said his four-county TPO has helped align local priorities with FDOT funding. Members asked about whether the state is planning for advanced air mobility and “flying cars,” whether Moving Florida Forward bypassed MPOs, how long major projects take, cost escalation, regionalization of MPOs, port governance, airport governance, and the contractor qualification system. FDOT and the witnesses said the state is working on policy and planning for advanced air mobility, that Moving Florida Forward did not bypass MPOs because the projects were already locally prioritized, and that the main delay is funding rather than the planning process. They said long-range plans are updated regularly and can be amended when priorities change, and that regional MPO structures can improve coordination. The committee took no formal vote; the meeting concluded after questions and comments, including discussion of workforce training opportunities for incarcerated individuals and a motion to adjourn by the ranking member.

Transcript Highlights:

• I'm a partner at Founders Fund, a Silicon Valley-based venture capital firm with more than $40 billion
• <00:41:37.920> form<00:41:38.319> firm Valley based venture capital form firm Valley
• based venture capital form firm with<00:41:39.119> um<00:41:39.520> more<00:41:39.680>
• cycle perspective we're actually capital cycle perspective we're actually still<00:44:29.359> in<
• a capital deployment side, massive.<00:45:05.760> And<00:45:06.480> this<00:45:06.640>

Keywords: 958, all

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:

• The first item of business this morning is capital renovations.
• The first item of business this morning is capital renovations.
• The first item of business this morning is capital renovations.
• We have several bid packages out for the capital building that include the electrical gear and transformers
• <00:13:37.760> uh three years ago on the the capital uh three years ago on the the capital

Keywords: Meeting Start 00:00:00 Roll Call 00:00:05 Capitol Renovations Update 00:00:40 Damage from Recent Disaster Discussion 00:33:25, 958, all

Summary: The committee met for its third meeting of the session and received an update on the Capitol renovation project from Finance and Administration Secretary Holly Johnson and State Budget Director John Hicks. They reported the project budget remains $291.52 million, with Messer Construction as construction manager, and said the temporary legislative chamber completion has slipped into 2025 because of wiring, voting machine, KET camera, and canopy work. They outlined the current bid schedule: site and utility bids due February 27, 2025; roofing and fourth-floor structural work due April 24; major renovation bids due May 23; bid review in late May and early June; roofing and fourth-floor work beginning in late June; and overall construction starting July 7, 2025. A major focus of the discussion was the project contingency, which officials said is only $10.8 million for an older building with significant unknown conditions. They explained that earlier investigations led to about $60 million in value engineering cuts, including more than $40 million tied to unexpectedly extensive terrace damage on the north, south, and east sides. The terraces were originally expected to need only minor work, but officials said investigations showed reconstruction would eventually be necessary and could not be handled by simple restoration. They also said the mechanical equipment plan changed from a basement location to a vault under the east parking lot, and that the west terrace will still see some ADA-related work. Committee members questioned why the terrace work was not included in the current budget, whether doing it later would cost more, and why bids and construction planning had taken so long. Officials said the terraces were left out because of cost, that future work would likely be more expensive because of market escalation, and that the timing reflected extensive investigation needed to produce reliable bids. Members also raised concerns about scaffolding and the temporary chambers; officials clarified that the scaffolding discussed was for the separate Capitol Dome project, not the chamber project, and said the Dome scaffolding is part of that project cost and is expected to come down in early 2027. They said the temporary chambers are expected to be used for three sessions, through the 28th session, with a return to the Capitol planned for the 29th session, and that public tours of the Capitol would likely end around June depending on the bid results and construction schedule.

Transcript Highlights:

• Built into that capitation rate is approximately 2% of a large portion of the capitation rate.
• <00:17:08.400> um<00:17:09.039> built them a monthly capitation rate. um built them
• a monthly capitation rate. um built into<00:17:09.600> that<00:17:09.839> capitation<00
• :17:10.640> rate<00:17:10.959> is<00:17:12.079> um into that capitation rate is
• um into that capitation rate is um approximately<00:17:13.360> 2%<00:17:14.240> of<00:17

Keywords: 928, house, all

Summary: The Fiscal Committee met on May 16, 2025, and first adopted a rules-and-procedures change extending online audit approval timelines for American Rescue Plan items through December 2026 and bipartisan infrastructure law items through June 30, 2027. The committee then approved the April 18 minutes and adopted the consent calendar with several items removed for separate discussion, including items from Tabs 4, 6, and 7. On Tab 4 item 2511, members questioned why the state was paying utility costs for the Laconia property while it is being sold. Commissioner Charlie Arlinghaus explained the budget line covered utilities generally, not just heat, that some buildings still require minimal heating, and that the main increase was tied to the Winnipesaukee River Basin Project wastewater charges. He said the charges had risen sharply, the property sale would eventually trigger a utility true-up at closing, and he would provide additional analysis. The committee then adopted the item. On Tab 4 item 25115, the Department of Justice said funding for a temporary fourth pathologist was removed from the 2026-2027 budget because it was no longer needed, and the committee adopted the item. On Tab 6 item 25126, Department of Health and Human Services officials explained the Medicaid managed care “withhold” as a performance incentive: about 2% of capitation payments are held back, then redistributed based on quality and operational metrics, with unearned amounts staying with the state until the end of the program and subject to actuarial requirements. They said the approach has improved performance and helped with Medicaid unwinding outreach, reducing enrollment by about 11,000 people in the past year. The committee adopted the item. On Tab 7 item 25139, the Department of Energy said it no longer needed an additional position because existing staff could handle the work, and the item was adopted. The committee also adopted regular-calendar items 25114 and 25131, noted that one regular-calendar item had been withdrawn, set the next meeting for June 20 at 11:00 a.m. in Room 100 of the State House, and adjourned after a motion and second.

Transcript Highlights:

• So what does the supplemental capital mean?
• The supplemental capital is just allows them to take additional capital from other sources.
• <00:30:56.480> and acceptance of supplemental capital and acceptance of supplemental capital
• capital mean um the supplemental capital capital mean um the supplemental capital is<00:31:42.840
• that could that be supplemental capital that could that be supplemental capital you<00:31:59.440

Keywords: 958, all

Summary: The committee met with a quorum, approved the minutes, and then reviewed a long agenda of administrative regulations, most of which were advanced with staff-suggested amendments and no objection. Early items included the Kentucky Public Pension Authority’s 105 KAR 1:451, which updates reporting language and adds the contractor wizard for certain employers, and a large package of Board of Veterinary Examiners regulations that revise fees, facility and AHP registration requirements, continuing education, liability, and practice rules. The Board of Speech-Language Pathology and Audiology’s compact-related regulation and the Board of Licensed Professional Counselors’ complaint and compact rules were also reviewed and approved with amendments, along with fish and wildlife rules affecting elk hunting, youth deer season length, bear-dog approvals, and foxhound enclosure permits. The committee also approved transportation, education, workplace standards, horse racing, and several health and human services regulations, including Medicaid waiver reimbursement updates and a child care regulation that sends certain large claims to the Office of Inspector General for review. Several agencies briefly explained their regulations when members asked questions. Fish and Wildlife said the elk population is strong and the baiting change is intended to support harvest monitoring and fair chase, while the longer youth deer season was meant to give young hunters more opportunity. The Department of Community-Based Services said the $10,000 and $5,000 claim thresholds were meant to clarify rare cases involving possible fraud or unresolved recoupment issues. The Department of Financial Institutions’ 808 KAR 5:305 drew the most discussion: it would allow certain state-chartered credit unions with a low-income designation to participate in federal programs, including limited non-member deposits and supplemental capital, but the regulation was deferred again amid continued discussions. The Kentucky Bankers Association testified against the credit union regulation, arguing that allowing non-member deposits conflicts with existing statute limiting credit union deposits to members and other credit unions, and that an administrative regulation cannot override that statutory restriction. Committee members heard the agency’s explanation that the proposal is intended to help underserved communities and that the non-member deposit authority would be limited, but no final action was taken because the item was deferred. The meeting otherwise concluded with the remaining regulations being called, discussed briefly, and approved or advanced without objection.

Transcript Highlights:

• Over the last 20 years, half of venture capital money has come to California companies.
• Then on top of that, of what Director Myers alluded to, we have the highest amount of venture capital
• U.S. venture capital.
• The CalIP budget request...” based capital to efficiently move projects and businesses forward.
• Chair and members, this capital is critical to grow and continue serving communities.

Keywords: 988, house, all

Summary: The hearing focused primarily on the Governor’s Office of Business and Economic Development (Go-Biz) budget proposals and related implementation issues. Director D.D. Myers described the California Jobs First economic blueprint, regional planning efforts across 13 regions, and the state’s strategy to focus on sectors such as ag tech, space, life sciences, semiconductors, and emerging technologies. She also discussed the California brand campaign, foreign direct investment, export promotion, the film and television tax credit, and the California Civic Media Fund. Members raised concerns about journalism support, arts funding, AI’s impact on jobs, tariffs, manufacturing, and whether state incentives could be tied to job losses or automation. Myers emphasized that Go-Biz incentives are tied to job creation and accountability, and that the administration is working across agencies on AI workforce training and economic development alignment. The committee then heard trailer bill language for Jobs First. Go-Biz requested a reappropriation and extension of encumbrance deadlines for remaining administrative funds, along with statutory codification of the Office of Regional Economic Development Initiatives. Testimony highlighted the need to continue supporting regional partners, technical assistance, capital stacks, and permit streamlining. Public testimony from the Small Business Development Centers supported the proposal and noted the program’s role in helping small businesses access capital, create businesses, and support jobs. Members also reviewed Go-Biz’s request for additional staffing for the California Film Commission and for innovation and emerging technologies. The Film Commission request would fund three permanent positions to handle the expanded tax credit program; staff reported a sharp increase in applications and production activity, including more filming outside the Los Angeles 30-mile zone. The emerging technologies request would fund an assistant deputy director and a graduate student position to support sectors like quantum and fusion, with testimony explaining the state’s separate quantum and fusion investments, workforce needs, and efforts to build state capacity around these technologies. No votes were taken in the portion of the hearing provided, and the committee moved on to public comment and then to other agenda items.

Transcript Highlights:

• It's called the asparagus capital of the world.
• During this whole period, Waltham has made a lot of capital improvements.
• During this whole period, Waltham has made a lot of capital improvements and maintained the building
• Stanley said, the capital improvements that the city has put in—millions and millions of dollars—it really
• Hello, and welcome to the asparagus capital. Wonderful asparagus here.

Keywords: 995, all

Summary: The Joint Committee on State Administration and Regulatory Oversight held a public hybrid hearing with several late-file bills and a large turnout. The main topics were symbolic designations and local property/lease matters: bills to designate the American lobster as the official crustacean of the Commonwealth, asparagus as the official state vegetable, and a Waltham bill concerning the Veterans Memorial Ice Rink lease and right of first refusal. Senator Howard also testified on a Lowell bill making a limited language change to facilitate redevelopment of the Lowell Innovation Network Corridor (LINK) at UMass Lowell. Testimony on the lobster bill emphasized the industry’s cultural and economic importance to coastal Massachusetts, its sustainability efforts, and its role in working waterfronts and the seafood economy. The asparagus bill drew especially enthusiastic support from Hadley Elementary students, teachers, local farmers, and legislators, who described asparagus as central to western Massachusetts agriculture, identity, and civic education. The Waltham rink bill was presented as necessary to protect a heavily used community and youth hockey facility after major city investment, while committee members noted concerns about privatization and affordability of ice time. The Lowell bill was described as a narrow technical fix to remove a reversionary clause that could impede a major redevelopment project. Committee members generally expressed support or favorable reactions to the proposals, with several lighthearted comments about lobster and asparagus. The hearing concluded after testimony ended, and a motion was made and seconded to close the hearing.

Transcript Highlights:

• Welcome to the state capital and enjoy your day. [applause] And to add, Mr.
• Welcome to the state capital<00:05:04.240> and<00:05:04.560> enjoy<00:05:04.960> your
• capital and enjoy your day. capital and enjoy your day.
• Welcome to the state capital, and enjoy your day.
• Welcome to the state capital. advisor Tiffany Edwards Hunt, Addie advisor Tiffany Edwards Hunt, Addie

Bills: SB874, SB2098, SB2110, SB2126, SB2154, SB2160, HB818, SB2047, SB2116, SB2246, SB2250, SB2334, SB2505, SB2520, SB2561, SB2721, SB2820, SB2971, SB3019

Keywords: veterinary medicine, prescription, consumer rights, transparency, pet medication, agriculture, clean plant program, disease-free plants, Hawaii agriculture, plant propagation, conservation, soil health, climate change, food security, small farmers, technical assistance, Hawaii, grant program, small farms, midsize farms

Transcript Highlights:

• And so when we're talking about bonding on this purpose, it won't go against, like, capital investment
• And so when we're talking about bonding on this purpose, it won't go against, like, capital investment
• And so when we're talking about bonding on this purpose, it won't go against, like, capital investment
• And so when we're talking about bonding on this purpose, it won't go against, like, capital investment
• And so when we're talking about bonding on this purpose, it won't go against, like, capital investment

Keywords: 1183, house

Transcript Highlights:

• One appropriations amounts 2 3 a capital One appropriations amounts 2 3 a capital letters<02:39:
• Capital complex lease space.
• shall be from the public school capital shall be from the public school capital construction<04:
• division of public school capital division of public school capital construction<04:05:44.319>
• shall be from the public school capital shall be from the public school capital construction<04:

Keywords: 981, all

Summary: The committee and floor took up House Bill 1411, which concerned the Cover All Colorado program. Debate centered on whether removing the program’s cap would create an open-ended entitlement and add pressure to the state budget. Supporters and opponents argued over fiscal impacts, with several members saying the program had grown far beyond its original cost estimate and that the state needed to protect the budget and maintain a balanced plan. The bill was ultimately passed as amended. House Bill 1412 was then considered, authorizing the Department of Health Care Policy and Financing to use statistical sampling and extrapolation to recover Medicaid overpayments in certain provider audits, including ABA therapy and non-emergency medical transportation. Sponsors said the measure would help recapture millions in overpayments tied to fraud, waste, and abuse, and noted safeguards such as strict benchmarks, internal audit review, and a third-party audit firm. An amendment striking the word “alleged” from the bill was adopted, and the bill passed as amended. House Bill 1413, which changes leave provisions for certain public servants, was also approved. The bill removes a statutory cap on how much sick leave state employees may earn, while leaving actual leave policies to departments and bargaining agreements, and increases annual military leave to align with federal law. Members described it as a modest employee-benefit measure in a year without across-the-board pay raises. The House also laid over House Bill 1410 until later in the day and received the committee of the whole report on a large slate of other bills. Later, Representative Richardson sought to reverse the committee’s action on an amendment to House Bill 1389, which involved the comprehensive human sexuality education grant fund, arguing the grant program should be repealed if it is no longer funded.

Transcript Highlights:

• long-term, using its capital repayment to bond out of the Resources Trust Fund.
• Another option, this option specific to affordability: capital repayment structure.
• on a capital improvement plan, or through putting money into capital reserves for future renewal.
• They need to be paying their fair share of that capital in any given year.
• One is the federal capitalization grants that we receive on an annual basis.

Summary: The Water Topics Overview Committee met to review several interim studies and receive updates from the Department of Water Resources. The committee approved the March 26, 2026 minutes, observed a moment of silence for the late Representative Conmy, and welcomed Representative Hansen to the committee. Staff then reported that the watershed management study and the stormwater/wastewater study had both satisfied the presentation requirements in their study directives, with no further required testimony unless members wanted additional information. The department’s main presentation focused on major water projects and agency operations. Reese Haas and staff updated members on the NAWS project, the Southwest Pipeline Project, Devils Lake outlet operations, low-head dam safety work, floodplain management repository implementation, data center water use, and the 2027 Water Development Plan. Members asked detailed questions about NAWS funding sources, remaining project costs, capacity concerns for All Seasons and other users, and whether current construction is being designed for future demand. The department said NAWS remains on track for substantial completion by October, that remaining NAWS funding will come from a mix of federal, state, and local sources, and that current construction is designed for ultimate capacity while some future components will be adjusted for increased demand. A large portion of the meeting was devoted to the department’s cash management, Resources Trust Fund revenues, carryover balances, and the State Water Commission’s cost-share program. The department reported $340.6 million in carryover remaining, explained that much of it is already obligated to long-term projects, and noted that oil price forecasts and stripper-well exemptions will affect future revenues. Members raised concerns about large carryovers, affordability for local sponsors, and whether the state should continue obligating money multiple bienniums ahead. The department said it is working with the commission on a revised prioritization framework, including high/moderate/low project categories and a two-tier pre-construction/construction approach, to better manage obligations and affordability. The committee also reviewed Deloitte’s finalized studies on regional governance/finance and cost-share policy. Deloitte presented options for Southwest, NAWS, and Red River governance, with stakeholders generally favoring keeping NAWS largely as is, using the current Southwest model with improvements, and pursuing a more structured governance option for Red River. On cost share, the department said Deloitte’s recommended package would cover projected needs through the 2030s, but would require policy changes such as lower percentages for some project types, a 25% replacement-project rate with a cap, and possible bonding or delayed reimbursement strategies. No votes were taken on these policy questions, and the chair indicated the committee would continue the discussion at future basin meetings and the September Water Topics meeting.