Transcript Highlights:

• This will require us partnering with the treasurer's office as deposits are coming in to ensure that
• So we just bid the March 20th deposit was $47 million, and so...
• We just said the March 20th deposit was $47 million.
• quick calculation: if oil's at 100, WTI is at 100, we could expect somewhere around $90 million as a deposit
• Why don't we entertain a motion deposit if the bank has some meaningful investments that they see happening

Summary: The committee met to approve prior minutes and receive updates on the Legacy Fund transparency website and fund performance. Staff reported the website procurement was in contract negotiations, with a planned go-live around November 1, and that the site would provide downloadable, more transparent information on fund holdings, allocations, history, and legislative appropriations while protecting confidential data. The investment office then reviewed performance through January 2026, describing strong returns relative to benchmarks, noting real estate and fixed income as weaker areas, and explaining that the fund’s diversification and internal management had helped offset market volatility, including recent geopolitical impacts. Members also discussed the in-state investment program, especially the Bank of North Dakota’s CD-match allocation. Several members questioned whether the program had been static for years and whether the uncommitted balance should remain parked there if it was not being used. The committee voted to pause further transfers into the program until the Bank provides a report and the committee can consider possible statutory changes; the motion also requested a cost-benefit analysis from RVK, and it passed by roll call vote. In the afternoon, RVK presented its review of the investment policy statement as it relates to the in-state investment program. The consultant said it found no major policy impediments, and that implementers and stakeholders generally felt the program was proceeding as intended. RVK emphasized best practices such as third-party due diligence, competitive risk-adjusted returns, diversification, pacing, and exit strategies, while cautioning that required lower-return investments or spending commitments can create pressure on the fund’s long-term real value. The consultant also raised ancillary concerns about state-level concentration risk, the need to distinguish between public and commercial infrastructure, and the lack of a central repository for all state funding commitments to the same projects.

Transcript Highlights:

• This will require us partnering with the treasurer's office as deposits are coming in to ensure that
• month when we get the report, I believe, and so I'm just curious if there's been any change in the deposit
• between when it's production versus collection versus distribution, so we just bid the March 20th deposit
• We just said the March 20th deposit was $47 million.
• quick calculation: if oil's at 100, WTI is at 100, we could expect somewhere around $90 million as a deposit

Committee: Joint Legacy and Budget Stabilization Fund Advisory Board

Summary: The committee met with a quorum, approved the October 22 minutes, and received an update on the planned Legacy Fund transparency website. Jody Smith said the site is in contract negotiations after six bidders responded, with a target go-live around November 1 after added security review. The website is intended to provide downloadable, more detailed public information on the Legacy Fund, including historical changes, legislative allocations, and investment breakdowns. Members asked about comparables and data detail, and Smith said North Dakota would likely be the first state to offer this level of sovereign wealth fund transparency. Scott Anderson of the Retirement Investment Office then reviewed Legacy Fund performance through January 31, 2026, describing strong returns, low fees, and the benefits of diversification. He noted that real estate had been a drag on returns, but it is a small portion of the portfolio, and he discussed market effects from geopolitical events, inflation, credit spreads, and private credit. Members also questioned the in-state investment program and the BND CD-Match program. Representative Bosch moved to pause new transfers to the CD-Match program until the bank reports back, and the motion passed on a roll call vote. The committee also agreed to request a cost-benefit analysis from RVK on that change. After lunch, the committee heard from RVK consultant Jim Voidko on the investment policy statement, focused on the in-state investment provisions. He reported that, after interviews with implementers and stakeholders, RVK found no major policy impediments in the current IPS and no strong calls to change the size limits or core guardrails. He emphasized the importance of risk-adjusted returns, diversification, pacing, exit strategies, and governance, and warned that foregone returns or higher spending obligations can pressure the fund’s long-term mission. He also recommended clearer terminology around “infrastructure,” distinguishing public infrastructure from commercial infrastructure, and noted unresolved policy questions about nexus and economic diversification. The committee then began reviewing proposed IPS updates with Rio staff.

Transcript Highlights:

• monies collected from the numbering of watercraft fees that are distributed from 65% to 50% to be deposited
• into the watercraft licensing fund and from 30% to 50% to be deposited into the State Lake Improvement
• monies collected from the numbering of watercraft fees that are distributed from 65 to 50% to be deposited
• into the watercraft licensing fund and from Freddie to 50% to be deposited into the watercraft licensing
• fund and from 305 to 50% to be deposited into the state lake improvement fund and the law enforcement

Summary: The committee first heard HB 2957, which would prohibit cities, towns, counties, and districts from requiring a digital or mobile driver license for government identification purposes and would require physical licenses to be accepted. The sponsor argued the bill preserves choice, privacy, and state control over identification, and several supporters said it protects informed consent and limits biometric data use. Some members raised concerns about travel requirements and proof of legal status, but the sponsor said the bill would not eliminate Real ID or change federal travel rules. The committee recommended the bill do pass on a 4-3 vote. The committee then heard HB 2941, which would make certain unsafe motorcycle lane-splitting or lane-sharing behavior subject to reckless driving penalties. The sponsor said the bill is intended to address dangerous conduct and close a gap in enforcement, while a motorcycle rights advocate explained the difference between lane filtering, which is legal under Arizona law in limited circumstances, and lane splitting, which is not. Testimony emphasized public safety and education for riders. The committee approved the bill with a do pass recommendation on a 7-0 vote. Next, the committee considered HB 2305, as amended, dealing with private property towing. The bill would make towing rates a matter of statewide concern, tie charges to DPS tow service agreements, require documentation and notice requirements, and standardize rules for private towing carriers. Supporters said the measure would reduce confusion and predatory towing by creating uniform statewide standards, while opponents from the trucking industry argued the DPS rate structure was designed for emergency towing and that more stakeholder work was needed. After adopting an amendment clarifying the bill applies only to motor vehicles towed from private property, the committee passed the bill 7-0. Finally, the committee heard HB 2257, a strike-everything amendment changing how watercraft fee revenue is distributed between the watercraft licensing fund, the State Lake Improvement Fund, and boating safety/law enforcement purposes, while also requiring an annual expenditure report. Supporters said the change would help Mohave County and other local agencies that are covering more water patrol duties as Game and Fish resources are stretched, but Game and Fish warned the shift would create a significant fiscal impact and said the department is already operating with tight budgets. The committee adopted the amendment and gave the bill a do pass recommendation on a 4-3 vote.

Transcript Highlights:

• monies collected from the numbering of watercraft fees that are distributed from 65% to 50% to be deposited
• into the watercraft licensing fund and from 30% to 50% to be deposited into the state lake improvement
• monies collected from the numbering of watercraft fees that are distributed from 65 to 50% to be deposited
• into the watercraft licensing fund and from Freddie to 50% to be deposited into the watercraft licensing
• fund and from 305 to 50% to be deposited into the state lake improvement fund and the law enforcement

Bills: HB2127 , HB2257 , HB2305 , HB2573 , HB2772 , HB2941 , HB2957

Committee: House Transportation & Infrastructure

Keywords: special license plates, transportation, funding, nonprofits, charitable contributions, boating, watercraft licensing, law enforcement, safety fund, state funding, Arizona Revised Statutes, towing regulation, private towing carriers, vehicle impound, towing rates, preemption, DUI, ignition interlock, substance abuse treatment, driving privileges

Transcript Highlights:

• Estate taxes are deposited into the general fund.
• Estate taxes are deposited into the general fund.
• Estate taxes are deposited into the general fund.
• Estate taxes are deposited into the general fund.
• And then just curious in terms of the revenue that is collected, I heard you say it's deposited into

Transcript Highlights:

• Depositions in that case, which... Applied to these carnival fair contracts.
• Depositions in that case, which I took, uncovered that the CEO of that fair, not once but twice, changed

Summary: The Assembly Committee on Agriculture met to hear one bill, SB 1223 by Senator Padilla, which would require district agricultural associations and fairs to follow competitive bidding standards under the Public Contract Code and prohibit sole-source contracting. Senator Padilla and his witness argued the bill was needed to close a loophole exposed by litigation and investigations involving fair contracts, citing alleged bid tailoring and favoritism in San Diego and Orange County fair contracting. They said the measure would promote transparency, accountability, and fair competition, while noting that existing exemptions and guidance should allow smaller fairs to continue routine procurement without difficulty. Committee members asked how the bill would affect small and rural fairs and what steps managers would need to take to comply. The author and witness responded that the bill was aimed at large contracts where abuse had occurred, and that fair managers generally already know how to write RFPs so more than one bidder can qualify. The vice chair indicated support after receiving clarification, and the chair and other members spoke in favor of the bill as a safeguard against corruption. No opposition was presented in committee or public comment. The committee then voted to send SB 1223 to the Appropriations Committee. The roll call showed the measure passing with eight aye votes. Before adjournment, the chair also recognized the committee’s chief consultant, Victor, and secretary, Nicole, for their long service and upcoming retirements, thanking them for their work with the Agriculture Committee.

Transcript Highlights:

• Reinsurance is a cost borne by policyholders and limits the ability of TWIA to deposit funds into the
• dramatic cut in the amount of reinsurance purchased by TWIA, there would be more funds available to be deposited

Bills: SB1468 , SB1612 , SB1789 , SB2530 , SB2571 , SB2717 , SB2967

Committee: Senate Business & Commerce

Transcript Highlights:

• It's good water except it's loaded with iron and manganese and leaves deposits of rust in our infrastructure
• It's good water except it's loaded with iron and manganese and leaves deposits of rust in our infrastructure
• Also, in 2023, our city engineering firm discovered and confirmed that Cottonwood's drinking water contained
• Also, in 2023, our city engineering firm discovered and confirmed that Cottonwood's drinking water contained
• </c> cottonwoods drinking water contained cottonwoods drinking water contained abnormally<01:35:36.840

Bills: HF458 , HF459 , HF461 , HF449 , HF450 , HF965 , HF1280 , HF612 , HF615 , HF616 , HF622 , HF650 , HF651 , HF1045 , HF972 , HF851 , HF644 , HF1050

Committee: House Capital Investment

Transcript Highlights:

• This was just an extension of a limitation of alcohol beverage licenses in House District 3.

Committee: Senate Judiciary B

Summary: The Senate Committee on Judiciary B met on May 21 with a quorum present, approved the May 14 minutes, and then took up a long agenda of bills and resolutions. It first reported Senate Resolution 125 favorably, which urged the Navy to expedite funding and implementation of medium-unmanned surface vessels, citing jobs and private investment tied to Conrad Shipyard in Morgan City. The committee then heard House Bill 1253, the Gracie Claire Rushing Act, from Chairwoman Butler and Crystal Romero, who described the painful history of Gracie’s death, exhumation, and discovery that her heart had not been returned after autopsy; the bill was reported favorably without objection. The committee also reported favorably House Bill 89, a local retirement health insurance measure for the Third and 30th Judicial Districts; House Bill 1257, barring elected officials and immediate family members from owning interests in electronic monitoring companies; House Bill 1029, as amended, creating a moratorium on alcohol beverage licenses in House District 3 until 2027; House Bill 1011, making a juror-per-diem donation program for CASA permissive statewide; House Bill 1064, creating a domestic violence intervention court pilot in East Baton Rouge Parish with support from the Criminal Justice Coordinating Council and YWCA; House Bill 816, prohibiting foreign adversaries from buying land near military installations; and House Bill 940, creating a counter-unmanned aircraft system task force to coordinate law enforcement response to drone threats. The committee then heard House Bill 1247, which addresses the shortage of sexual assault nurse examiners by creating a statewide SANE coordinator in the Attorney General’s office and a response standards subcommittee; after adopting a technical amendment set, it was reported favorably with amendments. House Bill 335, expanding public-benefit eligibility verification to entities administering benefits and adding legislative auditor oversight, was also amended after concerns from food banks and disaster-response nonprofits, with members agreeing to work on additional floor amendments to protect essential services during emergencies. House Bill 623, a tobacco-related deadline fix, was voluntarily deferred to allow more time for drafting. The committee also reported favorably HCR 64, extending a report deadline for the Supreme Court drug and specialty court office. Later, the committee reported favorably House Bill 243, changing recusal procedures so cases go first to the Attorney General rather than a private lawyer; House Bill 451, allowing hearing notices to be sent more than 30 days in advance and electronically; House Bill 1251, reducing permit costs for very small in-state distillers; House Bill 1053, allowing salons, barbers, and boutiques to offer limited complimentary wine or champagne without a permit; House Bill 153, barring criminal-justice debt from being reported to credit agencies; House Bill 59, authorizing East Baton Rouge Parish to transfer funds to the public defender’s office; HCR 50, a task force request; HCR 102, continuing the Senior Task Force on Fraud Prevention; and House Bill 1098, part of the aerospace package addressing liability related to sonic booms. The meeting ended with adjournment after a brief exchange about LSU and McNeese football.

Transcript Highlights:

• This was just an extension of a limitation of alcohol beverage licenses in House District 3.

Committee: Senate Judiciary B

Transcript Highlights:

• implementation as well as licensing of software, which is to support regulatory activities for the Alcohol Beverage

Committee: All ALC-REVIEW

Summary: The ALC-Review Subcommittee reviewed seven methods of finance, including university projects at ASU Jonesboro and Mountain Home, Black River Technical College deferred maintenance, UA Batesville’s Farm Project Gateway Center, UAMS PET cyclotron equipment, a new allied health building at UAPB funded by a federal grant, and UCA’s multi-purpose arena design work. The committee also approved an alternative delivery construction project for UAPB’s Allied Health and Sciences Building, with East Harding Construction selected and AMR Architects as designer. Members then approved discretionary grants from the Department of Health and DHS, including support for a heart attack center designation, community health worker training, homeless services funding corrections, behavioral health transition support, and an enabling technology pilot. In the contracts section, the committee reviewed RFQs, construction-related contracts, intergovernmental contracts, and a large slate of out-of-state and in-state contracts covering topics such as seatbelt survey data collection, Medicaid and DHS systems, state hospital staffing and services, veterans’ services, education assessments, and state IT and procurement projects. Several contracts drew extended questioning. Senators and representatives pressed DHS and the Department of Veterans Affairs about heavy reliance on contract nursing and staffing costs, and officials said they were using pay incentives and recruitment efforts to increase state employee staffing. Members also questioned AEDC’s lithium supply chain study and the Department of Education’s security contract, with concerns about projected costs and repeated amendments. The committee held three in-state contracts—Department of Education security services and two DHS staffing contracts—until Friday, then adopted the remaining contracts and received informational reports on contract amendments, executed contracts, and emergency procurements before adjourning.

Transcript Highlights:

• There's a bill to put a new tax on sugary beverages.

Summary: House and Senate Republican leaders held a media availability on day 59 of the session focused mainly on the House-passed income tax on high earners, the pending operating and transportation budgets, and several late-session tax and policy bills. Republicans argued the income tax was unconstitutional under existing state precedent, would lead to capital flight and broader tax expansion, and was being rushed through without adequate public input. They also criticized the budget process as overspending revenues, relying on gimmicks, and setting up future deficits and tax increases. The leaders said the House was preparing to consider a transportation bond bill requiring a three-fifths vote, along with bills on data centers, pharmaceutical wholesale taxes, K-12 funding, highway construction, direct electric vehicle sales, abortion-related funding, and an electric transmission measure. They said Democrats could pass the bond bill without Republican votes if all 59 House Democrats supported it, but Republicans opposed bonding for maintenance and preservation. They also said the budget could be balanced even if some of the tax bills failed. Much of the discussion centered on the 24-hour House debate over the income tax, which Republicans said they extended to force daylight debate and highlight objections. They said the bill passed by two votes and that several Democrats privately opposed it. Republicans also criticized the use of Climate Commitment Act funds in the budget, saying the money should be returned to taxpayers or used for transportation or the Working Families Tax Credit rather than special interests. In closing, they said House Republicans had been successful in opposite-house cutoff, killing 54% of Senate bills sent to the House and helping produce one of the lowest numbers of bills passed in years.

Transcript Highlights:

• There's a bill to put a new tax on sugary beverages.

Summary: House and Senate Republican leaders held a media availability on day 59 of the session focused mainly on the House-passed income tax proposal, the pending operating and transportation budgets, and several late-session tax and policy bills. Republicans said the income tax was a major, rushed change to the tax code, argued it was unconstitutional under existing state precedent, and criticized Democrats for blocking referendum options and for what they described as a tax-first approach to affordability and budgeting. They also said the budget conference process was likely to produce another deficit and warned of future tax increases if spending is not restrained. On transportation, Republicans discussed a bond bill needed to support the transportation budget and noted it requires a three-fifths vote in the House, which Democrats could reach on their own. They said they generally support maintenance and preservation but are skeptical of bonding for those purposes. They also identified other bills likely to move at the end of session, including a data center tax, a wholesale pharmaceutical tax, a K-12 funding bill, a highway construction bill, a direct electric vehicle sales bill, and an electric transmission bill. Republicans repeatedly framed the income tax as a “millionaires tax” that could later expand to more taxpayers, and said the 24-hour floor debate was intended to slow the process and force daylight scrutiny. They also criticized the use of Climate Commitment Act funds in the budget, saying the money should be returned to taxpayers or used for transportation or other public needs rather than special interests. In closing, Stokesbary said House Republicans had defeated a majority of Senate bills sent to the House and had helped stop several major Democratic priorities, including an agriculture unionization bill and other tax and regulatory measures.

Transcript Highlights:

• Matthews Police, University of Louisville Police, Louisville Alcoholic Beverage Control, Kentucky State

Transcript Highlights:

• And obviously, moving people to direct deposit is one thing.
• If the consumer wants, or the taxpayer wants, via direct deposit, maybe tracking checks so we know at
• the middleman, I mean, taking the middleman out, which is the mailbox, I guess, and doing direct deposit

Committee: Joint Joint Economic Committee

Keywords: artificial intelligence, waste reduction, fraud prevention, government efficiency, improper payments, data reliability, oversight

Summary: The meeting was chaired by Chairman Schweikert and involved a comprehensive discussion on how to utilize artificial intelligence (AI) for reducing waste, fraud, and improper payments within federal programs. Key witnesses, including Mr. Andrew Canarsa from the Council of the Inspectors General, provided insights on the potential of AI in enhancing government efficiency. The committee emphasized the importance of reliable data and thorough examination of AI application to avoid unintended consequences while addressing the estimated $162 billion in improper payments reported by the federal government. Concerns were raised regarding the recent firing of inspectors general and the impacts that could have on oversight and accountability processes.

Transcript Highlights:

• As a matter of fact, the lot itself is wholly contained within Lakewood Heights.
• Obviously, they had issues with their leader, but Venezuela, you know, sits on one of the largest oil deposits

Summary: The House Natural Resources Committee met with a quorum and first took up several property-transfer bills. House Bill 110, authorizing transfer of certain state property in St. Tammany Parish for a pocket park in Mandeville, was reported favorable without objection. House Bill 634, transferring state property in St. Martin Parish to Brownell Land Company LLC, was also reported favorable. House Bill 677, allowing the Tensaw Parish School Board greater flexibility to exchange school land for property of equal or greater value with certified appraisal requirements, was reported favorable after questions about the location and purpose of the exchange. House Bill 735, a cleanup bill transferring property from DOTD to LSU Health Shreveport to support expansion and parking near Mall St. Vincent, was likewise reported favorable. The committee then held an informational hearing on the effects of the Iran conflict on Louisiana’s energy sector. Secretary Dustin Davidson said the conflict has driven oil prices sharply higher, with consumers bearing the cost through higher gasoline and especially diesel prices, while producers and refiners may see short-term gains. He warned that diesel increases can signal broader economic slowdown and discussed global shipping disruptions, the Strait of Hormuz, and Saudi Arabia’s response. Members asked about Louisiana’s ability to benefit from higher prices, the timing of increased drilling, and the role of carbon capture and infrastructure investment. Davidson said higher prices could support more drilling and severance tax revenue if sustained long enough. Industry witnesses Tommy Fochay of LOGA, David Cresson of the Louisiana Chemical Association, Mike Moncla of LOGA, and LSU energy economists Greg Upton and Tyler Gray emphasized Louisiana’s role as a major LNG exporter, refiner, and petrochemical hub. They said geopolitical shocks create volatility, but Louisiana’s abundant natural gas, infrastructure, and export capacity position the state to help meet global demand. They urged stable policy, competitive taxes, pipeline and workforce investment, and caution on regulations. Upton and Gray presented data showing oil price spikes are likely temporary, futures markets expect prices to ease over time, rig counts respond with a lag, and Louisiana natural gas prices have remained relatively insulated so far. The committee adjourned after the presentations and questions.

Transcript Highlights:

• As a matter of fact, the lot itself is wholly contained within Lakewood Heights.
• Obviously, they had issues with their leader, but Venezuela, you know, sits on one of the largest oil deposits

Committee: House Natural Resources & Environment

Transcript Highlights:

• find on page 43 there's an area that That's stricken that says to pay an assessment of $100 to be deposited
• The current statute contains provisions tied to the early development of OSU Tulsa that expired more

Bills: SCR17 , SB2104 , SB2155 , SB1428 , SB1250 , SB1651 , SB1794 , SB444 , SB1061 , SB1327 , SB1425 , SB1455 , SB1458 , SB1460 , SB1480 , SB1530 , SB1543 , SB1555 , SB1593 , SB1209 , SB1730 , SB1733 , SB1769 , SB1805 , SB2069 , SB2095 , SB1503

Keywords: Oklahoma Ireland relations, Ireland, Irish heritage, St. Patrick's Day, Choctaw Nation, Choctaw famine relief, Irish-American, cultural resolution, concurrent resolution, ceremonial resolution, economic development, trade commission, international relations, Tulsa IrishFest, ShamROCK the Gardens, Oklahoma City St. Patrick's Parade, Irish ancestry, Senate of Ireland, Aubrey McCarthy, Phil Thompson

Transcript Highlights:

• I deposit a check on my phone. Trying to get it something like that.
• So our goal is to have 100% of the complaints contained within an electronic system, keeping that clear

Committee: House Health and Human Services

Transcript Highlights:

• The three bond issues contained in this bill include $21.3 million for senior citizen centers statewide
• reclamation of abandoned sites by increasing the share of the existing oil and gas conservation tax deposited

Bills: HB2 , SB152

Committee: Senate House Appropriations & Finance

Summary: The committee heard a series of capital, bond, environmental, economic development, juvenile justice, and health care bills. Senate Bill 240, the capital outlay package, was presented as a $1.3 billion statewide appropriation, including discretionary capital projects and agency projects; after questions about CYFD projects and House/Senate capital allocations, the committee voted do pass on the committee substitute. House Bill 248, the general obligation bond package totaling about $392.5 million for senior centers, libraries, higher education, and tribal projects, also received a do pass after questions about project vetting, bond timing, and school bus funding. House Bill 80, which increases the share of oil and gas conservation tax revenue going to the Oil and Gas Reclamation Fund to speed orphan well plugging and site cleanup, drew strong support from business, environmental, and industry groups; members discussed funding balances, procurement bottlenecks, and the distinction between abandoned and orphan wells before voting do pass. House Bill 184, making technical fixes to the Conservation Legacy Permanent Fund and related distribution rules, passed with little debate. The committee also heard Senate Bill 172, which expands the TRIGGER program allowing companies to access national laboratory expertise; supporters from the labs, the governor’s office, universities, and business groups cited job creation, follow-on investment, and commercialization gains, while one senator raised concerns about the long extension of the program. The bill passed do pass. House Bill 95, creating a judge for the First and Second Judicial Districts, was described as matching a previously heard Senate bill and passed do pass. Senate Bill 165, a major juvenile justice bill, generated the most extensive debate: the sponsor said it updates the juvenile code, raises the age for certain serious offenses, extends services for youth sentenced as adults, and expands community corrections; law enforcement supported it, while the Public Defender, youth advocates, the ACLU, and a Bernalillo County commissioner opposed it, arguing it expands adult sentencing and relies too heavily on incarceration. Despite those objections, the committee voted do pass. Finally, House Bill 4, which increases the Health Care Affordability Fund distribution to support premium assistance and related coverage programs, was amended so that a portion of the premium surtax would go to the Behavioral Health Program Fund and any unexpended balance would revert to the affordability fund. Supporters from BeWell, health advocacy groups, the insurance office, and homeless services said the bill would protect coverage gains and help offset federal changes; members asked about the amendment’s effect on the behavioral health fund and the bill’s flexibility if revenues decline. The amendment was adopted, and discussion on the bill continued.