Transcript Highlights:

• extensions by March 15th and Q1 estimates, it's crucial for our small and medium-size businesses for cash flow
• extensions by March 15th and Q1 estimates, it's crucial for our small and medium-size businesses for cash flow
• Any reduction in their overall federal tax liability has a real and direct impact on cash flow for these
• which should make it an even more attractive option for the legislature to consider. impact on cash flow
• for these small impact on cash flow for these small businesses,<00:35:57.440> and<00:35:57.520

Keywords: 1187, senate, all

Transcript Highlights:

• It's a great tool that we have to make affordable housing projects cash flow, but it needs a lot of changes
• desperately is that The reason that we need these exemptions so desperately is that our property cash flows
• And so our properties are starting to negatively cash flow.
• , you know, to get through their construction. developers walk away or barely cash flowed, you know,
• And we also have to bring the subject matter experts of how do we flow an infrastructure bond to deal

Summary: The committee heard testimony on several housing-related proposals and policy ideas. One speaker urged changes to the welfare property tax exemption for affordable housing, arguing that annual income recertifications are outdated and burdensome, and proposing a one-time qualification at move-in, streamlined monitoring through TCAC or HCD, and continued exemption protection for projects that remain in compliance. The witness said rising insurance costs and administrative burdens are hurting cash flow and threatening the viability of affordable housing operations. A major portion of the meeting focused on social housing and the SB 555 study. HCD described its ongoing study process, including public engagement with residents, practitioners, and experts, and noted that California already has many building blocks for social housing, such as public land tools, long-term affordability mechanisms, community land trusts, and tenant protections. Community land trust and housing policy witnesses argued that social housing will require legislative action, expanded public subsidy, tax abatements, public land, and simplified financing, and they emphasized the need to reframe the concept for the “missing middle” and middle-class households to build broader political support. Committee members discussed stigma around “social housing,” the need for a rebrand, and the possibility of a pilot program, especially on excess public land. The committee also heard a proposal for a certified professional plan-check system modeled on Vancouver, Canada. The presenter said California’s permitting delays, inconsistent reviews, and staffing shortages add cost and uncertainty even for streamlined projects, and proposed allowing state-certified private professionals to perform plan checks and inspections under state oversight while local governments retain zoning and enforcement authority. Members discussed local control concerns, infrastructure costs, and the need to reduce delays and uncertainty in the entitlement process. Finally, the committee heard testimony supporting changes to HCD loan disbursement so funds can be used during construction rather than only after completion. Witnesses said this would reduce interest costs, improve feasibility, and could produce additional affordable homes with existing funding. The discussion also referenced AB 1053 as the vehicle for implementing that approach.

Transcript Highlights:

• . >> And if that happens right then, how soon could money start flowing out to these projects?
• an early bonding bill because the earlier we pass it, then you're right, the earlier the money can flow
• out to these could money start flowing out to these projects?
• you're right, the earlier the money then you're right, the earlier the money can<00:09:42.560> flow
• But let's say that we do pass can flow.

Keywords: 1187, senate, all

Transcript Highlights:

• So what happens is, as that money flows through, normally we would take out 1% and it would go into the
• We have a huge flood flow of rights-of-ways that are now becoming. ...do for reissuance on top of our
• They dug, you know, they dug the river out; they got it flowing again.
• But this is going to have to stop because it just can't flow that way. **Mr.
• But the transition between administrations, there is evidence that the reimbursements do flow.

Transcript Highlights:

• After June 1st, that $70 million of excess flows into the subordinate lien.
• So there's about seven, you know, six, a little over six million of equity. plus the flow through, which
• , you know, essentially flows through again.
• Basically, what we're doing is we take each of those 26 loans, which had a cash flow and a repayment
• program that we use and say, "Issue as much debt as you can against that consolidated 26 loan cash flow

Transcript Highlights:

• single-family neighborhoods that are receiving a request for development that would increase traffic flow
• Beyond current increase the traffic flow Beyond current levels<00:21:46.760> or<00:21:47.760>
• That’s how it would flow through.
• <00:26:57.600> it<00:26:57.760> would<00:26:58.039> yeah<00:26:58.320> flow
• that's how it would yeah flow that's how it would yeah flow through<00:27:00.360> but<00:

Keywords: Consideration of SB 176 01:52 Consideration of SB 104 05:03 Consideration of SB 9 08:09 Consideration of SB 129 18:50 Consideration of SB 178 31:20, 958, all

Summary: The House State Government Committee met with a quorum and took up several Senate bills, adopting committee substitutes where offered. Senate Bill 176, relating to statutory committees within the Legislative Research Commission, was presented by Senator Matt Nunn as a cleanup and process-streamlining measure for appointments, vacancies, and appointing authorities. It passed the committee 15-0 with a title amendment. Senate Bill 104, presented by Senator Scott Maiden and the Kentucky Public Employees Deferred Compensation Authority, would update deferred compensation law by adding a fiduciary standard, allowing less expensive liability insurance, making federal-law compliance self-correcting, and authorizing a self-directed brokerage account option. It passed 15-0 with favorable expression. Senate Bill 9, presented by Senator Jimmy Higdon, would change teacher retirement-related leave provisions, including up to 30 days of maternity leave, a 13-day annual rollover toward retirement, limits on using annual leave to increase retirement benefits, reporting requirements, and related cleanup provisions. After questions about maternity leave, district flexibility, and the actuarial cost of additional days, it passed 15-0 with favorable expression. Senate Bill 129, presented by Senator Rocky Adams and House sponsor Representative John Hudson, was described as a housing and redevelopment measure aimed at vacant, abandoned, and tax-delinquent properties in Louisville. Testimony focused on allowing qualified nonprofits to purchase certain tax-delinquent properties after a waiting period, along with provisions on density development, accessory dwelling units, urban development incentives, fire and code enforcement recovery, a Central Business District tax fix, and changes to binding elements. Members raised concerns about nonprofit qualifications, land bank overlap, and county clerk burden; the bill passed 13-1 with one pass and received a title amendment. Senate Bill 178, presented by Senator Mike Nemes, was a short reorganization bill to codify the transfer of the Department of Disability Determination Services Program from the Cabinet for Health and Family Services to the Labor Cabinet. It passed 12-0. The committee then recorded additional votes and adjourned, with the chair thanking members and staff, noting it was likely the final meeting of the year.

Transcript Highlights:

• been there long before we had arrived, maybe even had repaired the boiler system to get the heat flowing
• We've watched federal dollars flow to river basins all across the United States.
• Yet our river basin, the Ohio River Basin, Monongahela, the Youghiogheny, all flowing, has been without
• spent on the Ohio River Basin, supporting the Monongahela, the Youghiogheny, and all the waterways flowing

Keywords: 994, senate, all

Transcript Highlights:

• The Indian Health Service budget is largely flat; it ebbs and flows; it's never as much as it should
• be a decrease in income tax of over a billion dollars, and I looked at the amendment that exempts flow
• Was expanded paragraph three to the flow lines, and you're saying that that is a duplicate of taxing
• This is a part of the gathering lines, the flow lines from the wellhead to the point of first sale is
• from that or from that boundary on, then it's gonna be taxed, but it's very well settled that the flow

Bills: SB1287, SB1983, SB1796, SB1806, SB1558, SB2135, SB483, SB1198, SB1265, SB2154, SB2139, SB1552, SB2118, SB1775, SB259, SB1344, SB1380, SB2007, SB1572, SB2074, SB1423, SB1425, SB1502, SB1503, SB1833, SB1561, SB1555, SB2044, SB1749, SB904, SB1565, SB1500, SB667, SB1484, SB1562, SB1644, HR1045, SB227, SB1627, SB1475, SB1966, SB2049, SB1531, SB80, SB1734, SB1630, SB1894, SB1975, SB1432, SB1437, SB1812, SB346, SB710, SB1489, SB1614, SB2045, SB1250, SB1304, SB1501, SB1946, SB592, SB65, SB1257, SB444, SB640, SB2178, SB1242, SB1642

Keywords: abstraction, licensing, Oklahoma Abstractors Board, criminal background, good moral character, SB1983, foster care, resource family partner, resource family partners, Department of Human Services, DHS, child welfare, foster homes, foster children, placement data, data sharing, de-identified data, aggregated data, sibling groups, placement disruptions

Transcript Highlights:

• It shows cash-flow loans throughout the fiscal year.
• was larger than the previous months because it is one of the months throughout the year with cash flow
• your question, but I'm just saying balancing out the state general revenue, the other revenues that flow
• We always have inpatient, outpatient UPL, which flows through... ...reasons.
• We always have inpatient, outpatient UPL, which flows through for the hospitals.

Summary: The committee considered a series of appropriation, transfer, and review items, approving most requests in Sections B through J. These included temporary appropriations for state technology upgrades, personnel management, court reporters and interpreters, crime victim claims, juvenile sex offender assessments, radiation lab testing, higher education workforce grants, an ARPA grant for the UAFS LPN program, an IIJA grant for geological/critical minerals work, a restricted reserve transfer for 102 State Police vehicles, a transfer to the Arkansas Heroes Program, several cash fund requests for the Real Estate Commission HVAC and AV needs, and overtime appropriations for Emergency Management and Military. One budget classification transfer request from the Commissioner of State Lands for $250,000 to cover operating expenses tied to a new building was discussed at length but failed on the vote after questions about the lease and operating costs. A major portion of the meeting focused on a $25.7 million pay plan appropriation request for 15 agencies. Members questioned why the Department of Human Services had not requested additional pay-plan dollars for human development centers, where DHS acknowledged staffing shortages, high turnover, and heavy overtime but said the issue was not lack of pay-plan funding. DHS was asked to provide a written plan to address staffing problems. The Department of Corrections testified that the pay plan had improved retention and hiring, and committee members asked for follow-up data on vacancies and staffing outcomes. Members also clarified that the pay-plan request was appropriation only, not new funding, and approved it. The committee then reviewed fund reports, including the restricted reserve, Budget Stabilization Trust Fund, Tobacco Settlement, State Central Services, Education Adequacy, Medicaid Trust Fund, IIJA, and Revenue Services transfer reports. DHS and DFA were questioned closely about the Medicaid Trust Fund, with members noting a $90 million February draw and asking about projected year-end balances; DFA and DHS said February was a high-expense, low-revenue month and projected the fund would remain solvent through the fiscal year, ending between $150 million and $200 million, while a second $100 million set-aside is planned for FY27. The committee also discussed a state hospital damage report, where DHS explained that insurance proceeds would not fully cover the repair costs because of depreciation and the age of the buildings; members expressed concern that the state would recover far less than originally expected, and DHS said any additional insurance recovery would be limited and returned to restricted reserve.

Transcript Highlights:

• We use a negative 5% operating cash flow metric to look at that, and the debt reduction ratio from 2018
• In terms of operating cash flow, we put the state at negative three and a half percent.
• On the 50-state averages, right around negative 1.8%, PERA had an operating cash flow of negative 4%.
• And had a cash flow rate of negative 2.1%.
• is because you are constantly selling part of your fund to pay for your benefits because we're cash flow

Transcript Highlights:

• little bit of vagueness on whether or not Tier 2 recaptured districts would get the benefit of the flow
• for pay raises as we intend, and flow directly to the employees we intend to give raises to.
• That's right, Senator West, we wanted to, from our discussion last night on how the flow of the dollars
• there are any implications or recalibrations in Tier 2, we will make sure that the dollars... dollars flow
• is intended for the new safety allotment dollars flowing through HBCUs.

Bills: SB203, SB317, SB731, SB801, SB823, SB867, SB1232, SB1380, SB1798, SB2082, SB2603, SB2607, SB2717, SB2797, SB2841, SB2919, SB3074, HB2, HB6, HB18, HB43, HB47, HB120, HB143, HB149, HB171, HB180, HB285, HB305, HB449, HB647, HB742, HB748, HB908, HB1024, HB1240, HB1306, HB1397, HB1443, HB1445, HB1533, HB1866, HB1902, HB2001, HB2011, HB2026, HB2282, HB2355, HB2402, HB2434, HB2440, HB2492, HB2516, HB2518, HB2560, HB2674, HB2688, HB2697, HB2712, HB2713, HB2715, HB3153, HB3161, HB3421, HB3424, HB3464, HB3486, HB3510, HB3627, HB3966, HB3986, HB4042, HB4044, HB4076, HB4263, HB4384, HB4396, HB4413, HB4426, HB4429, HB4945, HB4996, HB5033, HB5246, HB5436, HB5515, HB5667, SJR5, SB3, SB4, SB9, SB20, SB21, SB23, SB27, SB33, SB34, SB40, SB75, SB213, SB269, SB379, SB458, SB528, SB647, SB648, SB650, SB681, SB740, SB840, SB843, SB924, SB1061, SB1120, SB1121, SB1150, SB1188, SB1198, SB1202, SB1253, SB1318, SB1333, SB1405, SB1423, SB1535, SB1566, SB1574, SB1621, SB1709, SB1789, SB2037, SB2078, SB2268, SB2544, SB2570, SB2601, SB2778, SB1, SB17, SB260, SB509, SB1506, SB1637, SB1833, SB2155, SB2308, HB2525, SJR36, SJR50, SJR63, SCR12, SCR39, SB2023, SB62, SB666, SB847, SB284, SB854, SB810, SB1505, SB583, SB507, SB1434, SB1772, SB2016, SB1122, SB731, SB397, SB508, SB1436, SB287, SB1882, SB393, SB1791, SB209, SB2429, SB1085, SB1975, SB2717, SB1262, SB636, SB2056, SB884, SB1200, SB1845, SB2458, SB801, SB3014, SB3013, SB758, SB2797, SB2076, SB2876, SB1640, SB1449, SB1181, SB1234, SB2926, SB2841, SB1528, SB1854, SB317, SB1250, SB2082, SB1237, SB2819, SB629, SB2608, SB1602, SB2009, SB867, SB640, SB1698, SB2680, SB913, SB1071, SB1086, SB1087, SB1483, SB1444, SB1553, SB1556, SB1703, SB2133, SB2297, SB2298, SB2622, SB2955, SB2334, SB1367, SB2044, SB2363, SB2565, SB1888, SB3036, SB3057, SB3043, SB3063, SB3035, SB203, SB2688, SB2522, SB2459, SB2655, SB2251, SB1884, SB2928, SB2566, SB1749, SB2549, SB2553, SB2919, SB1944, SB1232, SB1798, SB2603, SB2607, SB2683, SB1319, SB3038, SB3045, SB1538, SB3071, SB3065, SB823, SB3062, SB3074, SB1380, HJR133, HB2715, HB2, HB26, HB388, HB2712, HB1633, HB685, HB1606, HB1458, HB1240, HB2791, HB1397, HB2061, HB647, HB4738, HB2563, HB128, HB766, HB2259, HB2358, HB4384, HB748, HB5180, HB3806, HB3804, HB3803, HB1522, HB3597, HB1612, HB4224, HB1314, HB1237, HB3126, HB2856, HB3114, HB3505, HB5652, HB2025, HB3395, HB18, HB2516, HB2713, HB24, HB519, HB609, HB1592, HB120, HB1533, HB2421, HB2273, HB2464, HB2011, HB5084, HB3424, HB4396, HB43, HB5686, HB2518, HB4310, HB180, HB149, HB4945, HB2434, HB3161, HB3745, HB4044, HB5155, HB5667, HB4996, HB2697, HB2492, HB2355, HB2282, HB2001, HB1902, HB1866, HB1445, HB1443, HB1306, HB1024, HB908, HB305, HB285, HB449, HB171, HB47, HB3464, HB2637, HB4263, HB5436, HB4429, HB3986, HB3966, HB3510, HB2560, HB2026, HB2688, HB4076, HB5246, HB3487, HB3486, HB4226, HB216, HB742, HB2402, HB143, HB5033, HB4413, HB4042, HB2440, HB4426, HB49, HB4112, HB3233, HB2310, HB5515, HB3627, HB2674, HB322, HB1481, HB126, HB3062, HB3421, HB3180, HB2530, HB2524, HB1916, HB3153, HB5650, HB4894, HB3120, HB1629, HB103, HB3234, HB3680, HB5698, HB3171, HB5693, HB2694, HB5664, HB3732, HB2508, HB2293, HB1991, HB2014, HB5331, HB5247, HB4751, HB4690, HB4668, HB4464, HB4395, HB4063, HB3833, HB3623, HB3214, HB3512, HB3250, HB3016, HB2520, HB2221, HB2213, HB3824, HB2067, HB1732, HB1562, HB700, HB1545, HB252, HB146, HB5596, HB1851, HB3619, HB3071, HB3556, HB851, HB4230, HB5320, HB5651, HB5670, HB5665, HB5437, HB5679, HB5699, HB5661, HB5662, HB5654, HB5672, HB5656, HB5149, HB4903, HB4743, HB4666, HB4377, HB4535, HB4129, HB3812, HB3801, HB3595, HB3057, HB2035, HB721, HB35, HB346, HB2974, HB2512, HB5695, HB5694, HB5671, HB5674, HB5688, HB1586, HB5154, HB2038, HB163, HB413, HB3463, HB3185, HB2761, HB2593, HB2348, HB2073, HB1828, HB1422, HB75, HB1871, HB108, HB2306, HB2017, HB1135, HB144, HB3689, HB5308, HB101, HB2193, HB5666, HB5677, HB5682, HB5680, HB5658, HB5696, HB4144, HB3159, HB3254, HB3866, HB3010, HB4520, HB3642, HB3928, HB3815, HB2686, HB2012, HB1960, HB227, HB654, HB1690, HB2128, HB4158, HB4530, HB4630, HB5659, HB1523, HB2078, HB2427, HB145, HB1973, HB3333, HB3697, HB3546, HB3225, HB3181, HB3133, HB3053, HB2885, HB2820, HB2294, HB2253, HB1661, HB1506, HB1234, HB640, HB621, HB551, HB521, HB493, HB272, HB229, HB223, HB201, HB186, HB119, HB2080, HB2818, HB5394, HB4795, HB4466, HB4454, HB3940, HB3749, HB3151, HB3284, HB1403, HB1106, HB2844, HB2851, HB1500, HCR141, HCR118, HCR127, HCR40, HCR59, HCR10, HCR135, HCR142, HCR9, HCR76, HCR108, SB823, SB1380, SB3074, HB47, HB143, HB149, HB171, HB285, HB305, HB449, HB742, HB908, HB1024, HB1240, HB1397, HB1443, HB1533, HB1866, HB1902, HB2001, HB2011, HB2355, HB2402, HB2434, HB2440, HB2492, HB2560, HB2688, HB2697, HB2712, HB3153, HB3161, HB3421, HB3424, HB3464, HB3486, HB3510, HB3986, HB4042, HB4076, HB4263, HB4413, HB4426, HB4429, HB4945, HB4996, HB5246, HB5515, HB2, HB2282, HB3627, HB5033, SR560, SR561, HB1904, HB2240, HB3686, HB3793, HB4202, HB1904, HB2240, HB3686, HB3793, HB4202

Keywords: student privacy, numerical class rank, education policy, academic programs, high school, monuments, memorials, public property, historical significance, civil penalties, local governance, SB 731, Texas, Texas Department of Housing and Community Affairs, TDHCA, low-income housing tax credits, LIHTC, affordable housing, senior housing, 55 and older

Transcript Highlights:

• As I said, that's because a lot of drug flow and a lot of illegal immigrant flow comes through our state
• immigration issue recently, but from years working in drug enforcement, is that we know a lot of drugs flow
• But how... ...of drugs flow into this country. But how do those drugs get into this country?
• Money flows back to these other countries that fund these illegal transitions and these illegal drugs

Bills: HB297

Keywords: cash transactions, money transmission, regulatory compliance, criminal penalties, Alabama Securities Commission, 1136, house, all

Transcript Highlights:

• set last legislative session, we always have an amount in there for the budget reserve and the cash flow
• reserve<00:01:33.600> and<00:01:33.759> the<00:01:33.920> cash<00:01:34.159> flow
• budget reserve and the cash flow budget reserve and the cash flow account.<00:01:34.799> Those

Keywords: 919, house, all

Summary: Nonpartisan staff presented House budget resolution BUDRES06, explaining that it is an updated budgetary solution reflecting bills previously heard or passed out of Ways and Means, as well as bills being heard that day. The resolution showed a total additional change of $41.1 million for the 2026–27 biennium, with existing budget reserve and cash flow account amounts unchanged. Staff highlighted several committee bills included in the resolution, including elections, higher education, housing, public safety, and the workforce committee bill, which was listed at $358,000 on line 1.14. The workforce bill also included $41,000 from the workforce development fund outside the general fund, and the healthcare access fund was set at a zero-change limit. A member asked whether additional budget resolutions were expected later in session, and staff responded that more resolutions would be set as other packages moved out of committee. After the explanation and brief questions, a motion was made to adopt the budget resolution as described. Members voiced support, there were no recorded oppositions, and the resolution was adopted.

Transcript Highlights:

• Third, there's a timing concern for the provisions of the bill and how the dollars flow with the supplemental
• the school finance bill and the policy within it, it has to all fit together and the dollars have to flow
• the school finance bill and the policy within it, it has to all fit together and the dollars have to flow
• allotment that represents by and large the largest percentage of the weight of the funding that's flowing

Summary: The Senate Committee on Education K-16 met to consider House Bill 2, the major public education and school finance bill. The committee first reconsidered and withdrew the prior committee substitute, then took up a new substitute. Senator Creighton explained several changes, including a correction to the golden penny yield weight, an increase in the special education evaluation incentive cap from $45 million to $67 million, timing changes to avoid a funding gap for Bluebonnet curriculum training grants, narrowed language affecting educator preparation providers, added facility-usage reporting language, incorporation of bilingual allotment language from Senate Bill 2185, removal of the $20 million annual cap on JROTC funding, and a prevailing-clause provision to make HB 2 controlling over conflicting measures. Members generally praised the bill’s historic funding level but raised concerns about details and future floor debate. Senator Menendez said he appreciated the special education, safety, and teacher pay funding but was not ready to fully support the bill because of inflationary pressures, facilities funding, and district-specific impacts, and indicated he might vote present. Senator Parker strongly supported the bill, emphasizing historic funding, teacher pay, and the need to continue refining the package. Senator Witt also said he would vote present while seeking more refinement, especially on certification issues for public and charter schools. Senator Bettencourt highlighted the bill’s scale, including about $8 billion in new funding and $1.3 billion for special education, while Senator Hinojosa asked for more flexibility in the basic allotment and thanked the author for bilingual education and coastal-area provisions. The committee then adopted the new committee substitute and voted to report HB 2 favorably to the full Senate. The motion passed 9 ayes and 2 present not voting, with the bill reported as committee substitute do pass and be printed.

Transcript Highlights:

• Second of all, tracking and verifying an income tax credit that is given to an entity that flows through
• /c><00:14:24.720> an<00:14:25.000> entity<00:14:25.759> that<00:14:25.959> flows
• <00:14:26.759> through<00:14:27.680> to given to an entity that flows through to given
• to an entity that flows through to individuals<00:14:28.759> and<00:14:29.160> investors

Keywords: 910, house, all

Summary: The joint hearing of the Committee on Tourism and the Committee on Economic Development and Technology met on February 11, 2025, to hear House Bill 96 and House Bill 106. HB 96 would allow low-income housing tax credits to offset state transient accommodations taxes, limit the credit to taxes imposed in the same county as the qualified building, and make Act 129 permanent. The Department of Taxation opposed the bill, saying it would be difficult to administer, would complicate the tax system, and could be susceptible to abuse; it also noted the credit would benefit the hotel owner even though the tax is paid by the customer. The Tax Foundation of Hawaii raised consumer protection concerns. No other testimony was offered, and the chair later recommended deferring HB 96 for further work with the Department of Taxation and the committee. HB 106 would authorize the Agribusiness Development Corporation to financially support farming businesses engaged in agricultural tourism and expand the definition of enterprise accordingly. The Agribusiness Development Corporation testified in support, saying farmers requested the change, it would diversify income, and it would provide technical and financial support. The Hawaii Farm Bureau also supported the measure, and the chair noted eight pieces of testimony in support and one in opposition. No questions were raised, and the chair recommended passing the bill as is. The committee voted on HB 106, with the chair and vice chair voting aye, along with Representatives Holt, Hussey, Ilagan, and Todd; Representative Matsumoto was excused. The chair’s recommendation to pass HB 106 was adopted, and the hearing was adjourned.

Transcript Highlights:

• O God, we long in this place for justice and compassion to flow with the same might and energy as the
• 35.560> to this place for justice and compassion to this place for justice and compassion to flow
• :36.640> might<00:01:37.000> and<00:01:37.200> energy<00:01:38.159> as flow
• with the same might and energy as flow with the same might and energy as the<00:01:38.439> Majestic

Keywords: 1183, house

Summary: The House convened with prayer by Reverend Justin Grim of the St. Paul area and the Pledge of Allegiance, then the clerk called the roll and announced a quorum was present. The House approved the Journal of the previous day without objection and adopted the reports of standing committees and divisions. During the order of business, the chief clerk reported House Files 194 through 309 for first reading. The House also took up non-controversial motions, which prevailed without objection. No bill debate or substantive policy testimony occurred in this segment. In announcements, Representative Nisa moved that when the House adjourns it do so until 3:30 p.m. Monday, January 27, 2025. The motion prevailed, and the House adjourned accordingly.

Transcript Highlights:

• see that's on our spreadsheet that flows see that's on our spreadsheet that flows through<00:36:
• Does that money flow directly into the medical school? Does it go into the general fund?
• Does that money flow directly into the medical school? Does it go into the general fund?
• That funds flow is not a gift; it is not a donation.
• and then for which there is funds flow and then for which there is funds flow that<01:18:58.080>

Keywords: 1183, house

Transcript Highlights:

• Um, but we also provide exceptions, and sometimes money flows like water flows downhill, and it flows
• through the exceptions and flows through the holes, you know.
• flows like water flows sometimes money flows like water flows downhill<01:36:30.639> and<01:36
• and it flows through the downhill and it flows through the exceptions<01:36:32.239> and<01:36
• c> exceptions and flows through the holes, exceptions and flows through the holes, you<01:36:34.400><

Bills: HF2103, HF4508

Keywords: energy, renewable energy, ammonia, hydrogen, certificate tracking, funding, environment, elk, cervidae, cervid importation, chronic wasting disease, CWD, animal health, livestock, wildlife disease, Minnesota Department of Natural Resources, state veterinarian, zoo, Association of Zoos and Aquariums, AZA

Transcript Highlights:

• So if we have a the cash flow, right?
• Um, obviously state funded, federal funded would flow through the state.
• Um, obviously state funded, federal funded would flow through the state.
• Um, obviously state funded, federal funded would flow through the state.
• It might flow better. >> Yes, sir. It might flow better.

Keywords: Meeting Start: 00:00:00 Attendance Roll Call: 00:00:12 Approval of Minutes: 00:01:34 Actuarial Valuation Update – KPPA: 00:02:10 Actuarial Valuation Update – TRS: 00:25:32, 958, all

Summary: The meeting began with roll call, confirmation of a quorum, and approval of the prior minutes. The main presentation was from KPPA officials Ryan Barrow and Erin Saratt on the annual actuarial valuations for the retirement and insurance systems. They said the systems’ funding status improved overall, with three of five insurance funds fully funded, CERS hazardous dropping from over 100% funded to 90.9% because of premium changes, and KRS receiving $650 million in supplemental funding over the biennium. They also reported strong investment returns above assumed rates, higher payroll and membership counts, and resulting actuarial losses tied to higher salaries and premiums, especially on the insurance side. Members asked several questions about what drove the actuarial losses and whether legislation affected them. KPPA said the CERS insurance loss was driven by premium increases and Senate Bill 10, while the pension-side losses were largely due to higher payroll and benefits for Tier 1 and Tier 2 members. They explained that new Tier 3 employees are designed to add no additional unfunded liability, and that the state administers the systems but does not directly control all hiring. Questions also focused on retiree health premiums, which KPPA said rose about 15% for non-Medicare retirees and 38% for Medicare retirees, with the increase attributed to utilization, prescription costs, and the Inflation Reduction Act. The committee then heard from TRS Deputy Executive Secretary and General Counsel Beau Barnes on the 2025 TRS actuarial valuation. He reported that the Retirement Annuity Trust and Health Insurance Trust both received full funding, the retirement trust’s funded ratio improved to 61%, TRS 4 remains well funded with no liability, and the health insurance trust improved to 89.1%. Barnes said TRS is on track to fully fund legacy liabilities within the amortization period, with 2044 as the point when the system reflects 100% funding and 2046 as the last year needing additional dollars for the legacy liability. He also explained that lower assumed investment returns and updated mortality assumptions increased liabilities, but that TRS uses direct rate smoothing for budgeting purposes. At the end of the meeting, the chair circulated a proposed set of “do’s and don’ts of pensions,” emphasizing that future legislation should not create unfunded liabilities. Barnes also noted he would later discuss several legislative proposals for the 2026 session, but the transcript provided ends before that discussion or any votes on those proposals.

Transcript Highlights:

• So those of us that cash flow bill.
• all of a sudden we had this flow all of a sudden we had this flow uh<02:32:11.520> not<02
• >> because you said we it's a cash flow >> because you said we it's a cash flow issue
• we could be into trouble with cash flow. we could be into trouble with cash flow.
• dedicated so we have no cash flow issue. dedicated so we have no cash flow issue.

Keywords: 1189, house, all