Transcript Highlights:

• last year about problems with management last year about problems with management of<00:06:19.360
• <00:15:27.240> plan the lee8 management plan the lee8 management plan likewise<00:15:29.759
• Why do we need this legislation?
• So we’ve been supporting legislation that is meaningful, supports our Solid Waste Management Plan goals
• We oppose this legislation.

Keywords: 928, house, all

Summary: The Environment and Agriculture Committee held a hearing on HB 566, which would require permit applications for new landfills to include a detailed leachate management plan. Representative German introduced the bill and explained that it was prompted by recent reporting on leachate management problems at New Hampshire landfills, including alleged violations and deficiency letters from DES. He said the bill was intended to address public health concerns, PFAS contamination, and increased leachate volumes tied to more severe rainstorms, while still allowing innovation in treatment and transportation methods. He also described a set of proposed amendments developed after discussions with DES and a landfill operator, including changing “permit for construction” to “operating approval,” applying the bill to landfill expansions, moving contract-related language into the planning section, and removing a proposed new subparagraph. Committee members asked whether the bill would limit operator flexibility or duplicate existing DES rules. Representative German said the bill would not dictate specific treatment methods or lock operators into long-term contracts, but would require a plan showing how leachate will be managed, transported, and disposed of, with later contract changes reported to DES. Several members and the BIA representative questioned whether the bill was necessary given existing Env 806 rules and DES enforcement authority. The Business and Industry Association opposed the bill as introduced, arguing that DES already has rules and technical expertise, that the issue is better handled through rulemaking, and that moving requirements into statute could freeze the framework and make future adjustments harder. Supporters countered that a statute would provide a stronger, more durable policy commitment in response to ongoing problems. No vote or final committee action was taken during the hearing. The discussion ended with the bill still under consideration and with the sponsor indicating that a revised amendment would likely be brought forward for later work session or executive session review.

Transcript Highlights:

• then sports management.
• So nursing, social work, addiction studies—we have the only bachelor's degree in addiction studies in
• However, what came out of all of that was a legislative study, which was good.
• However, what came out of all of that was a legislative study, which was good.
• My kids have never had a study hall. They don't know what a study hall is.

Keywords: 908, all

Transcript Highlights:

• We manage up to the database tier.
• management, enterprise applications, chief of staff, business relationship management, customer service
• We manage our projects using IT best practices, but also incorporating strategies that we use to manage
• That management.
• How do you manage 173 legacy applications?

Summary: The subcommittee first heard a panel on state cloud modernization efforts after canceling an LBR on the Department of Corrections’ OBIS project because the presentation materials were not submitted on time. Florida Digital Service, the Northwest Regional Data Center, and several agencies described how the state is assessing and migrating applications to cloud environments under the cloud-first policy. Northwest explained its 2023 cloud readiness assessment of 890 applications from 24 agencies, the criteria used to rate readiness and risk, and its recommendation to tackle lower-risk applications first. Agency updates covered the Department of Corrections’ modernization of 98 legacy applications tied to OBIS and cloud-native infrastructure, the Department of Elder Affairs’ Microsoft Power Platform modernization, the Department of Health’s health management and child protection systems, and FDOT’s large cloud program for transportation systems. Members repeatedly asked about costs, data ownership, disaster recovery, single sign-on, security tools, and whether cloud migration actually saves money; presenters generally said the focus is more on modernization, resilience, and efficiency than immediate savings, and that cost analyses are often application-specific rather than enterprise-wide. The discussion also covered governance and architecture questions. Florida Digital Service said agencies remain responsible for their own databases and cloud tenants, while FLDS provides advice and an enterprise architecture framework; it does not have statutory oversight over most projects, except for OBIS project oversight due to its size. Northwest said it is acting as a cloud broker for some agencies and is consolidating Azure and AWS payer tenants to seek better pricing, but agencies still make system-by-system decisions based on business needs, risk, latency, and total cost of ownership. Members raised concerns about fragmented data structures, the lack of a complete statewide application inventory, and the need for better interoperability and enterprise standards. Several agencies said disaster recovery is built into their cloud plans, and FDOT and Corrections described ongoing efforts to keep systems current through core platforms, training, and ongoing support. In the second half of the meeting, the Department of State presented two new technology requests. Secretary Byrd described the SunBiz corporate registry system as a 34-year-old platform supporting more than 3.5 million business entities and generating over $575 million in annual general revenue. He said the department had already virtualized the legacy hardware after earlier modernization efforts failed and is now seeking $800,000 recurring for password protection and $5 million nonrecurring to continue procurement for a replacement system. The department also presented the Florida Voter Registration System modernization request, noting that the current system is outdated and requires manual workarounds for some statutory changes. The department requested $2.4948 million nonrecurring and $44,000 recurring to procure a modernized FVRS solution, and staff said the feasibility study recommended a hybrid approach. Members asked about the study’s findings and about creating a database for voter eligibility information for returning citizens; the department said that would require data sharing with all 67 clerks of court and other entities such as DOC.

Transcript Highlights:

• interim study. interim study.
• SAU study commission? SAU study commission?
• to interim study. to interim study.
• that is inexpedient to legislate. that is inexpedient to legislate.
• referred for interim study. referred for interim study.

Keywords: 1189, house, all

Transcript Highlights:

• <00:44:02.599> it districts that have already studied it districts that have already studied
• > this<03:42:16.760> legislation<03:42:17.760> thank helping us draft this legislation
• conflicting a lot of conflicting studies conflicting a lot of conflicting studies I<04:47:47.718
• Observational studies to support my positions. There was even a cohort study of kindergarteners.
• Studying disability is studying culture.

Keywords: 928, house, all

Summary: The committee opened with House Bill 184, which would create a committee to study changing school start times. Members discussed Amendment 0394, which made the study committee’s duties more investigative and adjusted reporting recipients, including the Governor. Several members raised questions about whether the committee should review evidence-based studies, local district decisions, and existing district reports; supporters said the amendment would better allow the committee to gather information and recognize local control. The amendment passed 17-0, and the bill as amended also passed 17-0. Representative Litchfield noted that no one had testified in opposition and encouraged the future study committee to review an Oyster River School District report on school start times. The committee then took up House Bill 394, concerning cooperative school district budget committees and board member representatives. Amendment 0476 was adopted 17-0 after discussion that it clarified the bill’s language and reflected work with the School Boards Association. The committee then voted OTPA on the bill, which also passed 17-0. House Bill 738, requiring background checks for employees and volunteers at certain non-public schools or education service providers receiving public funds, was moved inexpedient to legislate. Supporters said the bill would create practical and legal problems for private citizens and homeschooling families, and the motion passed 15-2 with no minority report, placing the bill on consent. The committee next considered House Bill 235, which would amend the educator code of ethics and conduct to add responsibilities to parents. Supporters argued parents should be explicitly included in the code, while opponents said parents were already covered in existing ethics language and statute. The bill passed narrowly, 9-8. The committee then returned to House Bill 532 on alternate dispute resolution and individualized education plan team meeting facilitation. Amendment 0480H clarified that different rules would apply separately to neutral conference, mediation, and IEP facilitation; it passed 17-0, and the bill as amended also passed 17-0. Finally, the committee moved to House Bill 564, concerning adoption of school administrative unit budgets, and voted to retain the bill for further review because members said there was still confusion about how it would apply to single-district and multi-district SAUs.

Transcript Highlights:

• We have Deputy Commissioner and Legislative Director for the Department of Insurance.
• I'm Deputy Commissioner and Legislative Director for the Department of Insurance, under the leadership
• AB 428 is a reintroduction of legislation I carried last year, AB 2735.
• I'm Phil Vermeulen, representing Acclamation Insurance Management Services and Allied Managed Care.
• the United States typically for risk management.

Summary: The Assembly Insurance Committee met as a subcommittee and heard several bills focused on insurance transparency, wildfire mitigation, market access, and workforce issues. AB 75 would require insurers to give homeowners 30 days’ notice before collecting aerial images of their property and allow homeowners to review those images; supporters said it would improve privacy and prevent inaccurate non-renewals, while consumer and industry groups both sought amendments. AB 234 would add the Assembly Speaker and Senate President pro Tem, or designees, as non-voting members on the California FAIR Plan governing committee; the Department of Insurance supported it as an oversight measure, while Consumer Federation of California said it was only a small first step toward broader transparency reforms. AB 428 would let water corporations join joint powers authorities for pooled insurance, with supporters citing rising insurance costs for small water systems and no remaining opposition after amendments. AB 943 would streamline producer pre-licensing education by removing the 20-hour per-line requirement while keeping ethics training; industry sponsors said it would reduce barriers to entry, while consumer advocates warned it could lower professional standards. AB 1209 would create a pathway for cannabis employers to secure workers’ compensation coverage and related services through a state-coordinated network; supporters said it would help bring the industry into compliance, while one member raised concerns about creating a special carveout for a federally restricted industry. AB 1 would require periodic review of the state’s Safer from Wildfire regulations every five years, and it drew broad support from the department, insurers, local governments, and industry groups as a way to keep wildfire mitigation incentives current. The committee also took up a consent calendar including AB 69, AB 487, and AB 570, all of which were sent to Appropriations. The committee approved AB 75 to Privacy and Consumer Protection, AB 234 to the Assembly Floor, AB 428 to Local Government, AB 943 to Appropriations, AB 1209 to Business and Professions, and AB 1 to Appropriations. Most measures passed on strong or unanimous votes after members added coauthor requests and expressed support for the bills’ consumer protection, transparency, or wildfire-related goals.

Transcript Highlights:

• This summer we had a legislative study group, and it was established to study the issues related to student
• study a a a study group a legislative study a a a study group a legislative study group<00:03
• group and it was established to study group and it was established to study the<00:03:23.120>
• On line 1.7, delete “studies” and insert “study.”
• <01:30:49.400> maternal relating to maternal studies maternal relating to maternal studies

Keywords: 1187, senate, all

Transcript Highlights:

• You are really just managing pain and spiritual and emotional needs.
• And then lastly, we know from the NORC study at the University of Chicago, and this is a national study
• Our legislative priorities for the upcoming legislative session are that we really need increases for
• So those are our legislative recommendations.
• Rate studies are retrospective. The current rate study is based on FY 24 and 25 coverage.

Transcript Highlights:

• Legislation was passed in the 2023 legislative session.
• The League of Women Voters has studied the literature and recognizes that further studies are needed
• This was National Toxicology Program meta-study, and results from 74 different epidemiological studies
• I'd have to look back at the studies.
• So the studies are clear. The dentist will say, oh, we have studies.

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

Transcript Highlights:

• to do that study.
• Speaker, what legislative body are we, and what legislative business are we on?
• On a regular basis, I hear from people where they've got contracted case management, and their case managers
• the contracted case management is failing.
• This is contracted case management.

Transcript Highlights:

• inexpedient to legislate. Thank you. inexpedient to legislate. Thank you.
• study for me.
• committee, when in fact a 2024 bill already studied the issue, recommending it for this future legislation
• legislative effort. legislative effort.
• is unnecessary and bad legislation. is unnecessary and bad legislation.

Keywords: 1189, house, all

Transcript Highlights:

• And we also had four legislators, legislators serving as non-voting members of the work group, three
• And we also had four legislators, legislators serving as non-voting members of the work group, three
• In 2024, we completed a study plan.
• He noted that this is the 10-year study and that the 20-year study is still coming out a year later.
• It manages its siting. You start with your counties.

Summary: The Joint Committee on Energy Supply, Energy Conservation, and Energy Resilience opened by electing Senator Shoemake as chair and Representative Alex Ibarra as vice chair. Members then moved into a series of work sessions focused on data centers, transmission, and workforce needs tied to Washington’s clean energy and grid planning challenges. Kate Bruns and Glenn Blackman presented preliminary findings from the governor’s Data Center work group, created under Executive Order 25-05. They said the group met for six months, received more than 1,000 public comments, and included representatives from agencies, industry, tribes, labor, utilities, environmental groups, and research institutions. The presenters emphasized that data centers are expected to be the largest source of load growth over the next five to ten years, creating concerns about grid capacity, ratepayer impacts, forecasting, water use, backup generation, and compatibility with Washington’s energy and climate laws. They described nine recommendations, including protecting existing energy and climate policy, improving forecasting, seeking more clean power and transmission, and encouraging flexible data center operations. A proposed tax incentive change that would have expanded eligibility while tying the exemption to new clean electricity sources narrowly failed in the work group. Members asked about tribal consultation, cooling technologies, and local benefits from data centers; the presenters said tribal consultation was ongoing and a final report would follow. Keegan Moyer of West Tech then outlined a regional transmission study showing major strain on the Western grid from load growth, electrification, resiliency needs, and limited transmission capacity. He said the 10-year study identified about 12,000 line miles of needed projects across the West, with roughly $56 billion in estimated costs, including planned projects, reliability upgrades, and new interregional transfer projects. He stressed that many projects are upgrades within existing rights-of-way, but new corridors are still needed, and he previewed recommendations on permitting, equipment procurement, cost allocation, and project sponsorship. In response to questions, he discussed the difficulty of crossing jurisdictional “seams,” the role of federal coordination, landowner compensation, eminent domain as a last resort, and the limited role of public financing beyond a federal GRIP grant. Stephanie Scott of Commerce presented the transmission workforce study, which focuses on substation technicians, line workers, and line clearance tree trimmers. She said current workforce levels are far below what will be needed under a clean energy expansion scenario, and that active projects are essential because apprenticeship training depends on thousands of hours of hands-on work. She highlighted barriers such as high upfront CDL and pre-apprenticeship costs, the need for wraparound supports, and the importance of expanding access for women, people of color, and tribal communities. Members asked about tribal utility apprenticeship programs, utility-run training pipelines, and whether the study included funding sources; Scott said the report would include an inventory of apprenticeship programs and tribal considerations, but revenue ideas were outside the study scope. Finally, Brant Johnson of Grid United described the North Plains Connector as a case study in large transmission development. He said the project, a 420-mile, 3,000-megawatt HVDC line connecting Montana and North Dakota, has relied on early stakeholder engagement, route changes, tribal consultation, and coordinated federal and state permitting to reduce risk and shorten timelines. He said the project aims for permits by the end of 2026 and construction beginning in 2028, with an earliest commercial operation date of 2032. In response to questions, he discussed the challenges of crossing regional seams, interconnection queues, land acquisition and compensation, eminent domain, and financing, noting that the project is primarily privately financed with a $700 million federal grant covering a portion of costs.

Transcript Highlights:

• uh either a referral back to a study uh either a referral back to a study commission<00:13:29.760
• to adjust the legislation, we can.
• to adjust the legislation, we can.
• to adjust the legislation, we can.
• to adjust the legislation, we can.

Bills: HB542

Keywords: HB542, district attorney, prosecutor, supernumerary district attorney, Employees' Retirement System, ERS, Alabama retirement, public employee retirement, pension, retirement benefits, post-retirement employment, salary cap, dual participation, double dipping, District Attorneys' Plan, assistant district attorney, deputy district attorney, state pension, survivor benefits, Office of Prosecution Services

Transcript Highlights:

• managed care organizations...
• So we designated risk management and created an army of experienced clinicians to serve in the risk management
• This was a really seminal study for us.
• We have a few studies that examined cost-effectiveness.
• We also have a bimonthly opioid crisis and pain management ECHO.

Transcript Highlights:

• Automation Impact Study is...
• SB 936, the Automation Impact Study, is a study to evaluate the effects of artificial intelligence, robotics
• This is a statewide study to be conducted every three years.
• Senator Yarborough. three-year study in law.
• And the legislation, the way it will do this is the legislation creates a program that will make flexible

Summary: The Commerce and Tourism Committee heard and favorably reported several bills. SB 1672 removed duplicative state provisions related to labor pools; CS/SB 940 prohibited third-party sale of restaurant reservations without the restaurant’s consent; and CS/SB 1820 made changes to motor vehicle manufacturer and dealer franchise law, including disclosure of performance measures, anti-retaliation protections, and limits on franchise termination or nonrenewal. The committee also approved CS/SB 324, creating a revolving loan program to help small businesses affected by prolonged public works construction, and SB 936, which creates a recurring three-year study of the effects of AI, robotics, and automation on Florida’s workforce and economy. SB 1322, the Florida Rural Jobs Act, was amended and reported favorably to encourage private investment in rural small businesses through a state tax credit program. The committee also reported favorably on CS/SB 910, which regulates for-profit veterans’ benefit assistance services, and CS/SB 656, which extends protections from extraordinary collection actions to all bill-of-care payment actions by hospitals and ambulatory surgical centers. The committee spent substantial time on CS/SB 1264, a broad Department of Commerce agency bill. The strike-all amendment added or revised provisions on Secure Florida, the RISE venture capital tax credit program, data center tax exemptions, business development classifications, military land transfers, and other economic development matters, while also repealing regional planning councils from statute. That repeal drew extensive opposition from local officials and regional council representatives, who argued the councils are important for emergency management, grant writing, planning, and support for small and rural communities. Supporters of the amendment said the councils could continue locally without state statutory involvement. After debate, the amendment was adopted and the bill was reported favorably, though Senators Davis and Smith voted no. The committee also considered CS/SB 1238, which would tighten reemployment assistance rules by disqualifying claimants who fail to meet job-search requirements or refuse work, and by adding verification and reporting requirements. Supporters framed it as adding guardrails and preventing fraud, while opponents argued Florida’s unemployment system is already difficult to access and that the bill would add unnecessary barriers and costs. Despite opposition from labor and advocacy groups, the bill was reported favorably, with Senators Smith and Arrington voting no. Finally, the committee unanimously recommended confirmation of Alexis Yarborough and John Gilbert to the Board of Supervisors of the Central Florida Tourism Oversight District.

Transcript Highlights:

• study study recommendations<00:24:53.039> generally<00:24:53.520> they<00:24:53.679>
• <00:25:10.960> to our board did propose legislation to our board did propose legislation to
• I'm the legislative liaison for TR.
• uh excuse me a as far as a legislative uh excuse me a legislative<00:58:59.400> agenda<00:58:
• You might have a change due to an experience study, maybe an experience change in your mortality study

Keywords: 1187, senate, all

Transcript Highlights:

• And that means managing both offshore and onshore oil drilling.
• We are in a better place with this legislation.
• the general impact... ...of this legislation.
• with approval of not only this legislation, but companion legislation.
• There are letters of legislative intent at the desk.

Summary: The chamber reconvened after a late-night session and first adopted the consent calendar, including ACR 107 on the Diablo Range, by a 48-0 vote. Members then took up several Senate bills and Assembly measures, with repeated remarks about the long hours and the need to respect staff and keep proceedings moving. A vote change was also announced for Assembly Member Patel on SB 414, changing from aye to not voting. The main policy debate centered on energy, climate, and affordability. SB 237, dealing with oil and gas policy, refinery closures, pipeline safety, Kern County permitting, gasoline blend flexibility, and regional fuel coordination, drew strong support from members who framed it as a managed transition to stabilize fuel supply and protect jobs, and strong opposition from members who called it a giveaway to oil interests and a setback for climate goals. The bill passed 59-0. SB 254, an energy affordability and wildfire package, included wildfire mitigation financing, a successor wildfire fund, transmission cost reductions, clean energy permitting changes, and energization timelines; members raised some concerns about local control, but the bill passed 58-0. SB 840 and AB 1207 advanced the cap-and-invest reauthorization package, with supporters emphasizing emissions reductions, housing, transit, wildfire prevention, and community air programs, while opponents argued it would raise costs and function as a tax-and-spend scheme. SB 840 passed 54-15 and AB 1207 passed 55-10, both with urgency and immediate transmittal. Members also approved SB 352, which makes the Bureau of Environmental Justice permanent and requires air quality monitoring and reporting on AB 617 implementation, by 43-19. AB 825, authorizing California to help establish a Westwide electricity market, was presented as a way to lower bills, improve reliability, and reduce emissions; it passed 67-2 and was sent to the Governor. Additional actions included concurrence in Senate amendments to AB 8 on cannabinoids and AB 383 on firearms cleanup, and the chamber began consideration of AB 764 on wildlife as the transcript ended.

Transcript Highlights:

• The commission will submit a report to the legislature with the results of the study and with legislative
• This will not be a study that sits on the shelf. Very good. Thank you. Anyone else?
• a lot of study.
• This legislation enhanced efficiency, accountability, and equity. across the state.
• care organizations, the managed care organizations contracted to provide Medicaid managed care services

Bills: SB500, SB719, SB912, SB1232, SB1467, SB1777, SB1864, SB2023, SB2119, SB2458

Keywords: SB 500, Texas adoption law, Family Code, DFPS, Department of Family and Protective Services, child-placing agency, prospective adoptive parents, adoption records, confidential information, nondisclosure agreement, child history report, health history, social history, educational history, genetic history, termination of parental rights, permanency plan, single source continuum contractor, privacy, redaction

Transcript Highlights:

• In 2023, the legislature enacted a law regarding a study and a report on end-of-life management for solar
• management and this program May struggle management and this program May struggle with<00:14:15.279><
• creation of a central management creation of a central management organization<00:30:12.480>
• approval. disposal ban would need legislation such disposal ban would need legislation such as<00:47
• is and then the central management is and then the central management organization<00:47:36.119>

Keywords: 1183, house

Transcript Highlights:

• I want the problems that we study and legislate that we hear in the subcommittee to achieve real, measurable
• The SBA manages more than two dozen mandates with total assets under management in excess of $257 billion
• So our fund managers, we communicate to our fund managers what our list of covered securities are that
• As a boycott as a legislative decision.
• We partner with fund managers.

Summary: The Government Operations Subcommittee met with a quorum and began with member introductions and remarks from the chair emphasizing the committee’s focus on government efficiency, accountability, and oversight of executive branch agencies. Members shared their districts and backgrounds, with several noting hurricane recovery in their communities and a shared interest in reducing bureaucracy and improving service to Floridians. The committee’s only presentation was from Chris Spencer, Executive Director of the State Board of Administration, who gave an overview of the SBA’s governance structure, investment responsibilities, and divestment policies. He explained the SBA’s management of more than $257 billion in assets, including the Florida Retirement System, the Florida Hurricane Catastrophe Fund, and Florida PRIME, and reviewed the Protecting Florida’s Investments Act restrictions covering Northern Ireland, Cuba, Venezuela, Israel, Sudan, Iran, and China. He also described the implementation of HB 7071, including the required divestment from direct holdings in Chinese companies, and said the SBA had reduced its direct Chinese holdings from 33 companies totaling over $172 million to 13 companies totaling about $64 million, with completion expected ahead of the September 1, 2025 deadline. Members asked detailed questions about the Israel boycott list, Morningstar and MSCI, how the SBA gathers information, whether Cuba’s federal designation changes affect Florida law, how companies are removed from scrutinized lists, and whether divestment timing could affect returns. Spencer said the SBA uses public and paid research sources, gives companies a 90-day cure period in some cases, and brings list changes to the trustees for approval. He also explained that the China benchmark change is intended to reduce passive exposure while still allowing active investment decisions, and said the PFIA restrictions have had a modestly positive overall effect on pension performance. The chair also asked about the Florida Retirement System funded ratio and the CAT Fund’s capacity; Spencer said the pension fund is at 80.7% funded, that actuarial assumptions are reviewed regularly, and that the CAT Fund currently has more than $10.5 billion in liquid claims-paying capacity and is expected to remain well positioned for hurricane losses. No votes were taken, and the meeting adjourned after the presentation and questions.