Transcript Highlights:

• These quick-cash marketing techniques used by out-of-state companies offer a nominal upfront payment
• These quick-cash marketing techniques used by out-of-state companies offer a nominal upfront payment
• These quick-cash marketing techniques used by out-of-state companies offer a nominal upfront payment
• payment and these agreements are unenforceable, you know, they just lost that upfront cash, and now
• </c> they there if it's an upfront cash they there if it's an upfront cash payment<01:35:08.719><c> and

Committee: Senate Commerce

Transcript Highlights:

• The appropriation that this body has provided has been largely in trustee and benefit payments.
• The appropriation that this body has provided has been largely in trustee and benefit payments.
• from personnel costs and $750,000 from operating expenditures be moved into trustee and benefit payments
• Yesterday this committee acted on some cash transfers, and one of them that I was concerned with was
• In the budget book, it shows us a general fund cash transfer of the governor's recommendation of $10

Summary: The committee heard budget presentations first for the Idaho Workforce Development Council. Analyst Brooke Dupree reviewed the agency’s statutory role, funding sources, staffing, and FY27 requests, including an ongoing transfer within the In Demand Careers Fund to increase trustee and benefit payments for Idaho Launch grants, a proposal to consolidate the STEM Action Center into the council, and requests for reappropriation authority for several grant funds. Director Wendy Sechrist said Launch, workforce training, semiconductor, and child care grants have produced strong participation and wage gains, and she explained that the proposed STEM merger would transfer remaining dedicated-fund balances to the Workforce Development Training Fund. Members asked about the effect of a $10 million cash transfer on Launch awards, repayment of grants by students who do not meet requirements, and the use of employer training funds; Sechrist said wording such as “up to $10 million” would avoid reducing awards and that the agency is still exploring debt collection options. The committee then reviewed the Idaho Commission for the Blind and Visually Impaired. Dupree outlined the agency’s vocational rehabilitation and independent living services, its dedicated funds, and FY27 requests for additional appropriation to spend Social Security reimbursement revenue and for replacement vehicles from the adaptive aids fund. Administrator Beth Cunningham said the agency uses those funds to support clients’ employment and independence, and that the requested increases would help cover needed vehicles and offset other costs. She also said holdbacks would have a modest effect on services, including reduced site restoration funding and some cuts to client services and travel. Finally, the Idaho State Historical Society presented its budget. Dupree described the agency’s preservation mission, staffing, dedicated funds, and FY27 requests, including $450,000 for the second year of moving state records and collections into a new archives addition, plus IT hardware and reappropriation authority. Director Janet Gallimore emphasized stewardship of state records and artifacts, the importance of the collections move, and the agency’s role in America 250 activities. Members asked about archaeological review travel, the agency’s long tenure, and the use of miscellaneous revenue; Gallimore agreed to provide travel records and thanked the committee for its support. The meeting ended with a presentation of historical artifacts and adjournment until the next day.

Transcript Highlights:

• However, the department has not timely made payments to some of these tribes.
• In fiscal year 2025, it exceeded its cash reserve requirement by approximately $17.5 million.
• , and removal of the stadium, and reported it will prioritize continuing to accumulate cash reserves
• reserves to pay for the authorities' operations, such That's truly required cash reserves to pay for
• , and removal of the stadium, and reported it will prioritize continuing to accumulate cash reserves

Committee: House Commerce

Transcript Highlights:

• House Bill 4041, Madam Witt, members, allows a school district with an ending cash balance and specified
• Madam Whip, members, House Concurrent Resolution 2048 would withhold salaries or suspend payments of
• , to provide access to the patient's medical records or payment records within seven days.
• Representative Fink: Real quick, when you talk about full cash value, what does that exactly mean in
• He said there is no such thing as a government surplus, and if the state is sitting on cash, it means

Summary: The meeting was a lengthy caucus-style review of many bills and resolutions across multiple committees, with staff giving brief descriptions and most items placed on consent or third-read consent calendars. Topics included appropriations, commerce, education, government, health and human services, environment, public safety, and transportation. Measures discussed ranged from school policy and board continuations to housing, water, public safety, licensing, and election-related changes. Several bills were noted as strike-everything amendments or as having been amended in committee. A number of bills drew sponsor comments or brief questions. In education, members discussed bills on teacher strikes, school math placement, school meals, student clubs, bond election disclosures, and a proposed commission on student outcomes. In health and human services, members discussed nursing board rules, pharmacist testing and treatment authority, medical records timelines, opioid antagonist expiration dates, and a proposed constitutional amendment on the right to refuse medical mandates. In government and public safety, members debated funding and staffing issues for DPS and corrections, including a proposed public safety parity fund, as well as bills on county sheriffs, legal representation for DPS, and corrections oversight funding. There was also discussion of election and local government measures, including inactive voter list procedures, circulator disclosure rules, and committee termination filings. Other topics included housing affordability districts, development fees, historic-area middle housing exemptions, water and groundwater management, environmental compatibility siting, and trade-related commissions. One notable exchange involved HB 4044, where members debated whether using rainy day fund interest for public safety pay was fiscally responsible; supporters argued it was a practical way to fund raises, while opponents said it would weaken the fund and should instead be handled through the general fund. No roll-call votes were taken in the transcript, and most items were simply presented, briefly discussed, and left on consent or third-read consent calendars.

Transcript Highlights:

• These are cash fund appropriation requests.
• It shows cash-flow loans throughout the fiscal year.
• The state insurance adjuster calculated the cash value to be $1.82 million.
• It also depends on some quarterly payments that will be made and some end-of-the-year payments.
• It also depends on some quarterly payments that will be made and some end-of-the-year payments.

Committee: All ALC-PEER

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:

• How much cash do they have that's available to pay their tax bills?
• How much cash do they have that's available to pay their tax bills?
• ><c> insurance</c><00:34:07.120><c> payments.
• We're able to get the cash income.
• We're able to get the cash income.

Bills: HF331 , HF916

Committee: House Taxes

Transcript Highlights:

• Social Security is just an auto payment.
• Almost 3% of our GDP is just paying off previous debt payments.
• They usually have cash.
• The hospital payment issue is a big one.
• But most of that is not sitting in cash at the bank.

Transcript Highlights:

• or not a payment.
• You know, either having a reduced payment or not a payment, and then all of a sudden now three years
• advances, not me; they bring up merchant cash advances unprompted.
• Original payments were over $7,000 per month, ...approximately $55,000.
• Original payments were over $7,000 per month.

Committee: Senate Banking and Financial Institutions

Transcript Highlights:

• So I will say on the Ag fund, the FY26 unobligated cash was $115,000.
• This is the core for restitution payments.
• Payments are capped at $65,000, subject to appropriation.
• So they have cash set aside for those investments.
• The cash balance would be used for the retooling.

Committee: House Budget

Transcript Highlights:

• And if those requirements again were met, there is a formula by which cash payments are made back to
• > back</c><00:10:08.800><c> to</c><00:10:08.959><c> the</c> which cash payments are made back to the
• which cash payments are made back to the state<00:10:09.360><c> of</c><00:10:09.519><c> Kentucky.
• And this goes on all the way through 2037, with obviously compliance dates in December and cash payments
• And this goes on all the way through 2037 with obviously compliance dates in December and cash payments

Summary: The committee met with a quorum to hear a recap of the 2021 special session legislation, Senate Bill 5, and then receive testimony from the Secretary of Economic Development on the Blue Oval SK project and related economic development issues. Staff explained that Senate Bill 5 appropriated five amounts from the budget reserve trust fund for a project tied to a minimum $2 billion investment: $350 million for forgivable loans through the Kentucky Economic Development Finance Authority, $10,639,600 to pay off a Hardin County loan tied to 47 tracts of property, $20 million for Bluegrass State Skills Corporation training grants, $5 million for KCTCS training grants, and $25 million for a KCTCS on-site training center. Staff also noted there were no job-related requirements in the bill itself. The secretary said the Blue Oval SK incentive was structured as a $250 million forgivable loan rather than the state’s usual pay-as-you-go incentives, with clawback provisions tied to jobs, wages, investment, and changes in ownership or operations. He said the project had already exceeded the $2 billion investment threshold, that corporate guarantees were required from SK On and Ford, and that the agreement’s compliance period begins in December 2026 with payments starting in March 2027 and running through 2038. He said the state’s goal after the joint venture dissolution was to protect taxpayers, support affected workers, and preserve future job creation, while also ensuring the money would be repaid if performance targets are not met. Members asked about the workforce impact, the training programs, and whether the jobs targets would be revised. The secretary said the project had about 1,850 workers at the site, with both production and salaried employees affected, and described state-led job fairs, a job portal, and other rapid-response efforts to help displaced workers find new jobs or training. He said Ford had agreed to continue discussions, invest an additional $2 billion in the site for energy storage solutions, and pursue roughly 2,100 new jobs, while the state sought to keep the company accountable for the full repayment obligation if jobs are not created. One senator raised broader concerns about mega-projects displacing small businesses and creating infrastructure burdens in surrounding communities.

Transcript Highlights:

• ... when you do just put up cash. cash, when you do just put up cash that the rate of failure to appear
• only money that we can get from a defendant is the cash they put up to get out of... is the cash they
• payment to go ahead and get that person out.
• Well, I mean, if cash is accepted, I guess.
• And also, just as a practical application of this, the cash bond ability to do cash bonds, especially

Bills: SB210 , SB225 , HB280 , HB287 , HB94 , HB88 , SB157 , HB7 , HB8 , HB42

Committee: Senate Judiciary

Transcript Highlights:

• </c> allow for DLI to issue advanced payments allow for DLI to issue advanced payments for<00:02:48.480
• ><c> the</c> need via advanced payments to get the need via advanced payments to get the programs<00:
• </c><00:15:50.079><c> versus</c> of advanced payments versus of advanced payments versus reimbursement
• </c><00:25:12.960><c> of</c> or insurer that has commenced payment of or insurer that has commenced payment
• </c> personal injury to terminate the payment personal injury to terminate the payment of<00:25:21.520

Bills: HF4862 , HF4598

Committee: House Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:

• The Department of Public Safety had a duplicate payment to a vendor and insufficient collateral on hand
• The Department of Transportation and Shared Services made a career service payment in error, had several
• Cash receipts journals were not properly maintained and were not reconciled to total deposits per bank
• Cash receipts journals were not properly maintained and were not reconciled to total deposits per bank
• We eliminated cash at the RV park.

Committee: All LEGISLATIVE JOINT AUDITING

Summary: The Legislative Joint Auditing Committee met to approve prior minutes and receive reports from several subcommittees and audits. The executive committee reported that audit and special reports were scheduled for presentation, one requested report remained outstanding, and staff had reviewed circuit-court caseload assignments in Benton County’s 19th West Judicial District. The committee also heard that Arkansas legislative audit financial statements and audits for fiscal years 2024 and 2025 received clean opinions with no internal-control findings, and that the report was accepted. The counties and municipalities report covered delinquent private water and sewer audits, with many entities reinstated after filing required reports, and reviewed current and deferred reports; several reports were referred to prosecutors, the attorney general, or the Government Bonding Board. The education audit report covered 57 school district audits, with three districts—Camden Fairview, Forest City, and Eudora—deferred until the June meeting because of findings and referrals. A substitute motion amended the report to file the Nettleton School District report, and the amended report passed. The state agencies report noted findings at the Department of Public Safety and the Department of Transportation and Shared Services, including duplicate payments, collateral issues, record-keeping problems, and missing vehicle logs; the committee filed five reports. The committee then reviewed the City of Pine Bluff’s 2024 financial audit. The city received clean opinions overall, but the management letter identified serious issues in the mayor’s office, Parks and Recreation, and Finance, including unaccounted-for receipts, altered invoices, unallowable and questionable purchases, missing equipment, and weak cash-receipting and reconciliation procedures. City officials, including the mayor and department heads, testified that the problems largely involved prior activity, said they had terminated involved employees, referred matters to law enforcement, and described corrective steps such as a forensic audit, new procurement and accounting procedures, electronic receipting and payments, and software upgrades. After questions from members, the committee voted to file the Pine Bluff report and adjourned, with the next meeting set for June 4-5, 2026.

Transcript Highlights:

• The Department of Public Safety had a duplicate payment to a vendor and insufficient collateral on hand
• The Department of Transportation and Shared Services made a career service payment in error, had several
• Cash receipts journals were not properly maintained and were not reconciled to total deposits per bank
• Cash receipts journals were not properly maintained and were not reconciled to total deposits per bank
• We eliminated cash at the RV park.

Committee: All LEGISLATIVE JOINT AUDITING

Transcript Highlights:

• So AB 290 was largely an automatic payment issue to establish within the Fair Plan.
• So it's a, you know, as most of you know, we operate on a cash-in, cash-out basis.
• for, in the olden days when I was younger, the check's not going to cash for three weeks.
• For in the olden days when I was younger, the check's not going to cash for three weeks.
• Most of the claims, if they were closed without payment, are closed because they were duplicate.

Summary: The Assembly Insurance Committee held an oversight hearing on the California Fair Plan, focused on the plan’s rapid growth, its financial stability after the January Southern California wildfires, and its role as the insurer of last resort. Fair Plan officials explained that the plan was created in 1968, is a not-for-profit involuntary association of licensed property insurers, and is intended to be a temporary safety net until policyholders can return to the admitted market. They emphasized that the plan is not a state agency or taxpayer-funded, but is regulated by the Department of Insurance and supported by member-company assessments if claims exceed available funds. Victoria Roach and Armand Feliciano said the Fair Plan has grown sharply since 2018 and especially after market pullbacks by major insurers, reaching about 575,000 policies and roughly $600 billion in exposure by spring 2025. They noted that growth is increasingly occurring in lower wildfire-risk areas, where the plan can sometimes be cheaper than the voluntary market, and said this undermines depopulation back into the private market. They also discussed recent policy expansions, including coverage for farms, higher residential and commercial limits, and pending or proposed changes such as AB 290, SB 525, and AB 226, which would add tools like a line of credit and bond access. A major portion of the hearing addressed the January wildfire losses and the plan’s financial response. Fair Plan officials said they assessed member insurers for $1 billion after determining claims and cash flow would exceed available resources, and that the process was approved quickly and paid smoothly, with more than 80% of the assessment collected within 10 days. They also described the reinsurance tower, the plan’s limited surplus, and the need for actuarially sound rates to reduce future reliance on assessments. On claims handling, they said the plan has received over 5,500 claims from the fires, has paid more than $2.9 billion so far, expects total payments near $4 billion, and has focused on advancing payments quickly for total losses and other urgent needs. Members questioned the plan’s solvency, the growth in non-wildfire areas, claim denials, smoke-loss coverage, and how depopulation works. Roach said most closed claims without payment were duplicates rather than denials, and that smoke claims require direct physical loss under the policy, with coverage determined case by case. Public commenters from the California Building Industry Association and the Independent Insurance Agents and Brokers of California said the Fair Plan’s growth reflects a weak voluntary market, inadequate rates, and insurer fear of future assessments, and urged support for rate increases and AB 226. The hearing concluded with no vote, but with a commitment from Fair Plan officials to follow up on unanswered questions and continue providing more transparency through public data and website disclosures.

Transcript Highlights:

• Those are payments from all of our borrowers.
• So we've got $185 million of loan payments. This is for fiscal... 2006.
• So that's cash that we hold.
• So we don't have bond payments matched up against them, but we're still getting those payments in.
• It's coming in from the loan payments into the debt service account.

Committee: House New Mexico Finance Authority Oversight Committee

Transcript Highlights:

• And so, have payments gone out? When are you expecting payments to come out?
• We have a plan for payment pauses.
• </c> &gt;&gt; ICS units had their payments frozen? &gt;&gt; ICS units had their payments frozen?
• </c> payments before dollars go out the door. payments before dollars go out the door.
• Payment delays become care happening. Payment delays become care delays. delays. delays.

Committee: Senate Human Services

Transcript Highlights:

• Cash flow is going to be impacted by some of the federal. Office closures.
• Those payments are kind of irregular to begin with and often come later in the year anyways.
• Require our Attorney General suing the federal government for back payment.
• And Madam Chair, and that's to get the payments.
• And how often do we get that payment? Every month. Every month.

Committee: House Federal Funding Stabilization Subcommittee

Transcript Highlights:

• So instead of just being like cash, where you can just spend cash, it's actually money that's coded with
• Most people understand cash, and then most people understand a debit card.
• It's a payment system. It's the actual money that's programmable.
• This is a new chapter, Chapter 54, and it's called the Consumer Payment Rights and Transaction Act.
• So that that's this bit this bill does not ban stable coins digital payments or cryptocurrencies and

Committee: House Business

Transcript Highlights:

• This delay creates cash flow challenges.
• </c><00:03:55.959><c> flow</c> Pharmacy came to me with their cash flow Pharmacy came to me with their
• cash flow tax<00:03:56.760><c> impact</c><00:03:57.280><c> situation</c><00:03:58.280><c> we</c><00:
• The amounts withheld create a significant cash flow burden on the company until the tax can be trued
• </c> a house it isn't just what the payment a house it isn't just what the payment is<00:40:00.880><c

Committee: House Taxes