Transcript Highlights:

• , added manufactured processes, added manufactured processes, providing<00:02:39.920> for<
• <00:26:05.840> on your thought process on your thought process on having<00:26:08.559>
• But I will point out that if somebody does go through the waiver process, that 107 process, if right
• more time to the process. more time to the process.
• We will close public testimony. water either in our process, but we water either in our process, but

Bills: HB0120, HB0043, HB0128

Keywords: energy production, natural gas, industrial sovereignty, manufacturing, tax exemptions, money laundering, illegal investment, financial institutions, criminal activity, Wyoming legislation, severance tax, oil production, tax exemption, energy sector, economic impact, 916, all

Transcript Highlights:

• <00:33:36.880> They smarter about their processing. They smarter about their processing.
• from going through the budgetary process from going through the budgetary process that<01:00:06.000
• They use the same process to this.
• lake, but they already have a process lake, but they already have a process for<01:30:25.120>
• <03:23:02.000> to desperately need critical minerals to desperately need critical minerals

Keywords: 1189, house, all

Transcript Highlights:

• Mike Lren, Assistant Division Director, DNR Lands and Minerals.
• ultimately keep up through the process ultimately keep up through the process of<00:53:50.880>
• , or whether they lease those minerals.
• , or whether or not they lease those minerals.
• Lillgren continued that the gas is part of the mineral estate.

Keywords: 1187, senate, all

Summary: The committee heard several Arts and Cultural Heritage Fund requests and laid them over for possible inclusion. Senate File 673 sought $795,000 to help replace or refurbish the structurally unsound Marshall bandshell. Senator Gary Dames, Marshall Mayor Bob Burns, and Parks and Recreation Superintendent Preston Stenard described the bandshell as an iconic community venue used for concerts and arts events, noting prior repairs in 2004, a 2001 structural report, and the need for full replacement due to settlement and deterioration near the Redwood River. They said the project has local support and a local funding commitment for the remaining costs. Senate File 627 requested $850,000 for the Olmsted County Historical Society to continue rehabilitation of the George Stoppel Farmstead. Senator Liz Balden, Dr. Mark Warner, and Commissioner Sanum said the site includes three National Register buildings and preserves immigration and agricultural history in southeast Minnesota. They reported that $1.1 million had already been raised and that prior Legacy funding helped stabilize one structure, but additional work is needed on the bank barn and Stoppel house to complete restoration and improve accessibility. Senate File 822 proposed $65,000 in fiscal year 2026 for the Minnesota State Band to provide free public performances across Minnesota. Testifier Craig Allen said the volunteer band, formed in 1898, uses the funding to travel to small towns and schools, including outreach to students and veterans. Conductor Keith Leuty emphasized the educational value of school visits and upcoming concerts in Moose Lake, Grand Rapids, and Cloquet, including a performance at Fond du Lac Ojibwe School. Members expressed support, and the bill was also laid over. The committee then began hearing Senate File 575, which would appropriate $3.8 million for the Grand Rapids Old Central School renovation. Senator Iorn, city councilor Rick Blake, and City Administrator Tom Pagel described the 1895 building as a historic and arts-centered community landmark with artist residencies, galleries, concerts, and other public uses. They said the building needs major repairs, including a new roof, structural truss work, HVAC replacement, and ADA and elevator upgrades, and they were in the middle of detailing those needs when the transcript ended.

Transcript Highlights:

• other materials that we've sought to manage at their end of life, EV batteries contain critical minerals
• three things Union of Concerned Scientists has really been advocating for throughout this entire process
• However, batteries are inherently valuable as they contain critical earth minerals but can also pose
• But then obviously we know that the minerals and various component parts of the batteries can be very
• The fact that we've got lots of valuable minerals, there's so much opportunity associated with these

Keywords: 988, house, all

Transcript Highlights:

• Interestingly, we don't create them for the candidate process.
• It's a total corruption of the process.
• This bill simply says, give them access to the process.
• I think it comes down to the process of law.
• I regularly discussed this process with my probation officer.

Bills: SB1012, SB1099, SB1234, SB1392, SB1489, SB1535, SB1570, SB1609, SB1627, SB1634, SB1661, SB1709, SB1723, SB1725, SB1743, SB1829, SCR1027, SCR1040, SCR1048

Keywords: concealed carry, firearms, restaurants, liquor licensing, public safety, defamation, private figure, public concern, statute of limitations, internet defamation, juvenile court, legal representation, appointed attorney, guardian ad litem, child welfare, election canvass, canvassing board, governing body, election inspection, election access

Summary: The Senate Judiciary and Elections Committee heard and advanced several election, judiciary, child welfare, and criminal justice measures. SB 1489 would require paid petition circulators for initiatives and referenda to disclose their name, state of residence, and paid status verbally and on a badge, add registration requirements for certain local circulators, prohibit pay by signature for local measures, and apply strict compliance and funding-disclosure rules to local initiatives. The ACLU opposed it as compelled speech and a burden on political expression, while the Arizona Chamber supported it as transparency and parity with state-level rules. The committee recommended the bill do pass on a 4-3 vote. SB 1609, an emergency measure concerning political party names, would require proposed party names to be distinguishable from existing parties and bar use of terms like “independent” or similar variations. The Arizona Independent Party opposed it as a retroactive change and “cartel protection,” while county election officials and the Arizona Association of Counties supported it as reducing voter confusion. The committee adopted an amendment and recommended the bill do pass on a 7-0 vote. SCR 1040, a voter-approved constitutional referral, would raise the mandatory retirement age for judges and justices of courts of record from 70 to 75; supporters argued it reflects longer life expectancy and preserves experienced judges, while opponents said voters previously rejected a similar proposal and that an age limit is preferable. It passed 5-2. The committee also considered SB 1234, which changes juvenile court representation rules by requiring a guardian ad litem in dependency and termination cases and allowing appointment of an attorney for the child depending on age and ability to express an opinion. Sponsor Senator Werner said the bill was part of a broader child-safety reform effort informed by cases such as Rebecca Baptiste, arguing that a guardian ad litem with attorney authority would better protect children’s best interests. Child welfare attorneys and advocates opposed the bill, saying children need a dedicated attorney-client relationship, confidentiality, and a voice separate from the court or DCS; DCS remained neutral. The committee adopted an amendment and recommended the bill do pass on a 5-2 vote. SB 1661 would allow a presumed father to be relieved of child support obligations if genetic testing shows he is not the biological father; supporters described cases where men remained liable despite exclusionary DNA results, and the bill passed 6-0. Later, the committee heard election administration and transparency bills. SB 1392 would give governing bodies canvassing elections access to locations where election materials are created, handled, processed, tabulated, or stored, so they can observe procedures and review records while protecting secrecy and security; county officials raised concerns about the term “agent,” and the bill passed 4-3. SB 1634 would require ADOT to provide county recorders with a copy of an applicant’s handwritten signature when facilitating voter registration; county officials said it would improve signature comparison, and the bill passed 5-2 after a vote correction. SB 1743 would redact an individual donor’s employer street number, employer name, or residence address from public campaign finance reports, with penalties for improper disclosure; supporters cited privacy and safety, while opponents argued employer information is important for transparency and identifying influence. It passed 5-2. SB 1099, a strike-everything amendment, set statutory criteria for defamation claims involving public or private figures and public or private concerns, including falsity, reckless disregard, and context; it passed 4-3. After a recess, the committee heard SB 1535, which increases penalties for buyers of sexual conduct, including making the conduct a class 6 felony and adding a $200 assessment to support anti-human trafficking services. The sponsor and supporters, including survivors, law enforcement, neighborhood advocates, and the Maricopa County Attorney’s Office, said the bill targets demand that fuels trafficking and neighborhood disorder. Opponents from criminal justice and anti-violence groups said the bill should include a rebuttable presumption to better protect trafficking victims. The committee adopted an amendment and recommended the bill do pass.

Transcript Highlights:

• Last year, we passed an extension through the tax tribunal for the appeals process to give 60 days, from
• sales motor fuels in Alabama, what this does, it gives them an additional 60 days to appeal that process

Bills: SB7, SB22, SB39, SB40, SB45, SB46, SB86, SB95, SB107, SB7, SB22, SB39, SB40, SB45, SB46, SB86, SB95, SB107

Keywords: voting rights, absentee ballot, protected classes, Alabama Voting Rights Act, felony conviction, election integrity, preclearance, Alabama Jobs Act, incentives, job creation, economic development, recapture provisions, capital investment, employment, board governance, occupational licensing, Sunset Law, public accountability, training requirements, SB40

Transcript Highlights:

• The law unjustly enforces mistakes or state processing issues.
• Each of those requests goes through the exact same process.
• Trustees must undertake time-consuming allocation processes that serve no practical purpose.
• The return period takes about 10 to 15 minutes, the same as the issuance process.
• Adoption process.

Bills: HB557, HB732, HB1892, HB1954, HB2301, HB3180, HB3405, HB3650, HB3758, HB4035, HB4621, HB4795, HB4870, HB5069, HB5137, HB5149

Keywords: child support, arrears, court enforcement, contempt, legal protections, healthcare, insurance, cost reduction, accessibility, regulations, impotency, marriage annulment, Family Code, Texas law, family law, Texas legislation, dissolution of marriage, annulment, marriage, child custody

Transcript Highlights:

• even though they couldn't be on the ballot later, we're still having to go through that election process
• We still have to put everybody on the ballot and go through the process. Is that right?
• Adding in another provision will only delay the process and create more litigation, and there is no incentive
• Slowing the process down from the landowner's perspective, from the property owner's perspective, is
• They get—even after an award is put into the court... ...during the process, none of the money that's

Bills: SB38, SB287, SB291, SB292, SB508, SB618, SB901, SB1436, SB1494, SB1626, SB1719, SB1999, SB1333, SB 38

Keywords: evictions, property law, tenant rights, landlord responsibilities, justice court, court rules, SB 287, Texas Alcoholic Beverage Code, sexually oriented business, adult entertainment, strip club, nude entertainment, live nude performance, alcohol prohibition, alcohol consumption, possession of alcohol, criminal offense, Class A misdemeanor, state jail felony, third degree felony

Transcript Highlights:

• candidate, arrived at the election department at 10:30 a.m. to witness the partial manual recount process
• SB618 would transform the existing violation into an enforceable mandate through a structured process
• The bill includes a process for notification and the opportunity to correct before penalties are imposed
• across multiple counties reported that poll watchers were blocked from observing the transfer and processing

Bills: SB38, SB287, SB291, SB292, SB508, SB618, SB901, SB1436, SB1494, SB1626, SB1719, SB1999, SB1333, SB 38

Keywords: evictions, property law, tenant rights, landlord responsibilities, justice court, court rules, SB 287, Texas Alcoholic Beverage Code, sexually oriented business, adult entertainment, strip club, nude entertainment, live nude performance, alcohol prohibition, alcohol consumption, possession of alcohol, criminal offense, Class A misdemeanor, state jail felony, third degree felony

Transcript Highlights:

• This touches a lot on regulatory and rate-paying processes, rate-making processes, but we're finding
• This touches a lot on regulatory and rate-paying processes, rate-making processes, but we're finding
• We have a public notification process.
• Like I said, Sentry Code lays out, Process.
• One is the first word says it's a process. It is a long process.

Summary: The Advanced Nuclear Energy Committee met to review prior minutes and hear a series of presentations on advanced nuclear technology and state readiness. The committee approved the April 21, 2022 minutes. Nucleon’s William Bridge outlined the advanced nuclear landscape, distinguishing near-term light-water SMRs from more advanced Gen 4 reactors and microreactors, and emphasized that fuel supply, especially HALEU, remains a developing supply chain. He said light-water designs are the most deployable in the near term, while advanced reactors may be better suited for industrial heat applications and could face a 2- to 3-year delay from fuel availability. Representatives from NASEO described how other states are supporting advanced nuclear through task forces, roadmaps, pilot programs, financing tools, workforce and supply-chain efforts, and regional coordination. They highlighted the Advanced Nuclear First Mover Initiative and stressed that states are focusing early on emergency preparedness, community engagement, waste management, affordability, and consumer protections. They also noted that some states are creating nuclear-ready community programs and cost-recovery guardrails, while public utility commissions are examining long-term lifecycle costs and rate impacts. North Dakota agencies then outlined their potential roles. The Public Service Commission said it would likely be involved in public-interest review, siting, and rate regulation, but noted current statutes may not fully address long-term nuclear projects, co-location, or decommissioning. The Department of Environmental Quality said it would continue to regulate radioactive materials and likely support emergency planning, while fission reactor oversight remains federal. The Department of Emergency Services said it would serve as the lead off-site preparedness agency, needing a radiological emergency program, training, exercises, equipment, and possibly industry funding. The Department of Water Resources said North Dakota has sufficient surface water, especially from the Missouri River, but that water planning would be important; it did not recommend statutory or budget changes at this time. The committee recessed for lunch after these presentations, with no additional votes or actions taken.

Transcript Highlights:

• This touches a lot on regulatory and rate-paying processes, rate-making processes, but we're finding
• We have a public notification process.
• Like I said, Century Code lays out, Process.
• One is the first word says it's a process. It is a long process. It's not just a one-stop.
• Processing site of Belfield.

Keywords: 908, all

Transcript Highlights:

• Selection criteria and related<00:09:29.839> processes.
• Establishes the state related processes.
• about um the promotion of mineral about um the promotion of mineral sunscreens<00:15:01.199>
• reefs than mineral-based sunscreens. reefs than mineral-based sunscreens.
• Um it mainly they concerned due process.

Bills: SB2489, SB2310, SB2372, SB2426, SB2334, SB2925, SB3323

Keywords: invasive species, agriculture, biosecurity, lease provisions, environment, natural resources, flood management, vegetation removal, Kainahola stream, Hawaii legislation, trees, exceptional trees, significant trees, urban forestry, arborist advisory committee, DLNR, Department of Land and Natural Resources, University of Hawaii, county planning, tree preservation

Summary: The committee heard several measures related to agriculture, invasive species control, trees, reef protection, and land use. SP 2489 would require Department of Agriculture and Biosecurity leases to include access, invasive-species control, and termination provisions; DAB and DLNR supported it, as did several outside groups, while the Hawaii Farm Bureau and Hawaii Cattlemen’s Council raised concerns about notice, cooperation with lessees, and placing penalties on leaseholders for preexisting infestations. The chair noted six testifiers in support, one opposed, and three with comments. SP 2310 would appropriate funds to remove overgrown vegetation from the Kohola stream. DAB supported the bill but explained that the work already completed by its contractor stopped at a DOT boundary, and that the affected parcel appears to be a DOT highway segment on ceded lands; the committee discussed whether the appropriation should instead go to DOT. SP 2372, on exceptional and significant trees, received support from DNR and Outdoor Circle, with testimony describing trees as critical infrastructure and suggesting technical amendments to committee membership and the process for recommending trees to county councils. SP 2426, which would authorize DNR to contract with private parties to maintain sunscreen dispensers at state beaches and promote mineral-based sunscreen as reef-protective, drew support from DNR and reef advocates, while another witness questioned the science behind claims about mineral versus chemical sunscreens and urged broader environmental solutions. SP 2334 would impose a land conversion fee on agricultural land converted to other uses, create a fee fund for programs including healthy soils, and require state agricultural lands to use a conservation metric. DAB offered comments, and testimony from climate and farm groups generally supported the conservation goals but questioned references to programs not yet in place and objected to language excluding solar and wind uses, with one witness urging that agri-voltaics remain allowed. SP 2925, concerning coconut trees, would recognize them as food, water, and cultural resources, require signage for landscape palms, set labeling standards, and create a tax credit for naturally managed consumable coconut trees. DAB shifted from opposition to comments, DNR supported, and testimony from cultural and subsistence advocates strongly backed the bill as a response to coconut rhinoceros beetle impacts; committee questions focused on enforcement of signage, inspection resources, and the proposed tax credit.

Transcript Highlights:

• I mean, CEQA is not the only public process there.
• There was a very robust process at FMSA. We participated in it.
• And there will be a robust process at the State Fire Marshal.
• Three, it ensures that...” “...gaps in their current process.
• We haven't finished that process.

Summary: The committee first established a quorum, adopted the consent calendar for SB 423 and SB 581, and then heard a series of bills, most of which were presented as streamlining or safety measures tied to transportation, climate, public lands, health care, and higher education. SB 71 by Senator Wiener would extend and expand a CEQA exemption for sustainable transportation projects, adding modes such as microtransit, paratransit, shuttles, and ferries, while also accepting committee amendments that narrowed a Tier 4 diesel rail provision, restored existing right-of-way language with utility protections, and set a new sunset date. Support came from transit agencies, local governments, and advocacy groups; some members raised concerns about the diesel rail language and possible interactions with housing-related legislation, but the bill advanced on a due pass vote as amended. The committee then heard SB 614 by Senator Stern on carbon dioxide pipeline safety. The bill would direct the State Fire Marshal to adopt safety standards for intrastate CO2 pipelines, building from federal draft rules and adding state discretion and possible enhanced protections such as planning zones and more detailed exposure modeling. Supporters argued California needs to fill a federal regulatory gap to advance carbon capture and climate goals, while environmental justice and conservation groups opposed unless amended, citing risks from CO2 leaks and asking for stronger siting restrictions and more specificity. The bill passed on a due pass vote to Appropriations, with members noting the need for continued work on the safety provisions. Senator Arreguín also presented SB 304, which would temporarily lift public trust use restrictions on specific land at Jack London Square to allow the Port of Oakland more leasing flexibility under conditions and annual reporting. The measure was described as a limited, time-bound effort to address high vacancy and revitalize the waterfront, and it drew support from Oakland city and county representatives with no opposition in the room. The committee then approved SB 304 on a due pass vote. Arreguín’s SB 830 followed, creating CEQA streamlining for Sutter Health’s new Emeryville hospital campus and designating the City of Emeryville as lead agency; supporters said it would preserve East Bay hospital access before seismic deadlines, and the bill passed with broad support and no opposition. Finally, Senator Caballero presented SB 486, a higher education planning bill intended to align UC and CSU enrollment growth with regional sustainable communities plans and to remove the need to analyze a no-project alternative in certain long-range development plans. Supporters said the bill would better integrate university enrollment forecasting into regional planning, while opponents warned that eliminating the no-project analysis could weaken accountability for housing and infrastructure impacts around campuses. Committee members expressed mixed views and asked for further clarification, but the bill was moved out on a due pass as amended vote to Appropriations. The transcript then shifted to SB 629, a fire response and rebuilding bill, with the author describing amendments to apply fire safety requirements in wildfire-burned areas, update fire mapping, and require annual defensible space inspections, though the discussion was cut off before any final action was shown.

Transcript Highlights:

• little bit of context about our work, what we do with those budget dollars, how we approach the budget process
• Our Lands and Minerals Division is our smallest division, and the majority of funding for this division
• Our Lands and Minerals Division is our smallest division, and the majority of funding for this division
• We all have had conversations about mining and critical minerals, and the need for those, and we see
• critical minerals and the need<00:49:17.400> for<00:49:17.680> those<00:49:18.520>

Keywords: 1187, senate, all

Transcript Highlights:

• I know I worked there myself as a miner, but uh so they've contributed a great deal to the overall state
• ,<00:03:25.320> but<00:03:25.880> uh worked there myself as a miner, but uh worked
• there myself as a miner, but uh so<00:03:26.160> they've<00:03:26.360> contributed<00:03
• ,<00:04:55.280> and<00:04:55.400> procedures for protocols, process, and procedures
• for protocols, process, and procedures perhaps<00:04:56.960> we're<00:04:57.120> getting

Keywords: Meeting Start 00:00:00 Roll Call 00:00:05 HJR 81 Discussion 00:00:33 HJR 81 Vote 00:04:30, 958, all

Summary: The committee met with a quorum and took up only House Joint Resolution 81, which allocates the remaining $52,502,260 in the W Waters program for wastewater and wastewater assistance to troubled or economically restrained systems. The chair explained the funds would be distributed according to Kentucky Infrastructure Authority criteria under KRS 224A.320, with the goal of restoring systems to operational and financial stability and improving drinking water and sanitation in affected communities. Senator Funke Frommeyer asked how the funded systems would be kept in good repair after receiving the money and whether there would be a regional or long-term management plan. The chair responded that the funding is intended as a corrective measure to address compounding failures and that KIA has already weighed the relevant factors, while also stressing that communities should not expect repeated rescue funding. Senator Webb added context from earlier water and wastewater task force work, citing Martin County as an example and noting that KIA had adopted many of the task force’s recommendations for oversight, accountability, and operating protocols. The committee then voted on the resolution. Senator Funke Frommeyer explained her vote, saying she supported the measure with hope that better protocols and procedures were being put in place, though she emphasized that hope is not a plan. The roll call resulted in 12 yes votes and no no votes, and the measure passed with favorable expression and was sent to consent. A motion to adopt on consent was then made and seconded, and the committee adjourned with no further business.

Transcript Highlights:

• <00:01:01.520> with we'll work through that minerals with we'll work through that minerals
• were at minerals were at minerals and<00:03:55.840> uh<00:03:56.159> Representative
• came to us, worked through that process. came to us, worked through that process.
• application process? application process?
• Is the process decisions timely? Is the process predictable?

Keywords: 916, all

Transcript Highlights:

• analysis of the 50% initiative and whether the impact would be similar across counties, especially non-mineral
• analysis of the 50% initiative and whether the impact would be similar across counties, especially non-mineral
• analysis of the 50% initiative and whether the impact would be similar across counties, especially non-mineral
• bill is not in place and the people's initiative should pass, we would still be obligated to be processing
• So for us it's very important that this go through to help us with our processes. Thank you.

Bills: SF0025, SF0027, SF0043, SF0066

Keywords: landowner licenses, hunting, wildlife management, quota hunt areas, game and fish commission, game management, hunting regulations, black bear, tracking dogs, wildlife conservation, conservation, contracting, supervisor, funding, districts, hunting licenses, donated licenses, life-threatening illness, vision impairment, nonprofit organizations

Transcript Highlights:

• unlike other materials that we sought to manage at their end of life, EV batteries contain critical minerals
• three things the Union of Concerned Scientists has really been advocating for throughout this entire process
• But then, obviously, we know that the minerals and various component parts of the batteries can be very
• In spite of the fact that we've got lots of valuable minerals, there's so much opportunity associated
• I mean, all these different minerals and metals that are in the batteries that are actually potentially

Summary: The Assembly Environmental Safety and Toxic Materials Committee heard SB 615 by Senator Allen, which would create a Department of Toxic Substances Control program for end-of-life electric vehicle battery management. The bill is intended to promote reuse, repurposing, recycling, tracking, and responsible handling of EV batteries, with producer responsibility and certification of recyclers as key features. Supporters, including the Union of Concerned Scientists, California State Association of Counties, automakers, recyclers, and environmental groups, said the measure would help prevent hazardous waste problems, reduce illegal dumping, and prepare for a coming wave of battery retirements. Opponents, including Tesla, Rivian, the California Chamber of Commerce, and others, raised concerns about liability, burdens on smaller entities, and the bill’s structure, while some groups supported it if amended. Committee members discussed the current low recycling rate for EV batteries, the difference between reuse, repurpose, and recycling, and whether the bill appropriately places responsibility on producers rather than consumers. The author said the bill builds on prior work and stakeholder input and is designed to create a workable system without overburdening DTSC. After quorum was established, the committee voted SB 615 out on a 5-1 vote, with one member voting no. The committee also took up a consent calendar containing SB 39, SB 454, SB 724, and SCR 3, and those measures were approved. The hearing then adjourned.

Transcript Highlights:

• This leadership transition process began in late 2023 when the Bank of North Dakota president search
• process began.
• And then the $500,000 was for the Department of Mineral Resources Geological Survey.
• And as we look at this process... ...but these are somewhat of the low-hanging fruit.
• It makes you get very, very good on your data, on your processes. It helps you resolve issues.

Summary: The committee took roll, approved the March 18 minutes, and then received a compliance-report update on the Industrial Commission and related funds and programs. Staff reviewed the status of one-time appropriations and grant programs, including electric grid resiliency, lignite research, enhanced oil recovery, the Clean Sustainable Energy Authority, the salt cavern business-case study, and the new NDSU research and technology park grant. Members asked about funding balances, reimbursement timing, matching requirements, and how some commitments would affect the State Investment Fund and future biennia. Industrial Commission staff then gave a broader update on the agency’s administrative office, grant management system, leadership transitions at several commission agencies, and active grant rounds. They reported that the grant management system is nearing completion, that several agency leadership searches have concluded, and that the commission’s grant programs currently have 108 active grants totaling more than $165 million. They also described the Clean Sustainable Energy Authority round, the oil and gas research program’s enhanced oil recovery awards, the grid resiliency grants, the salt cavern study, and the research technology park program, noting that some projects are awaiting federal funds or additional matching cash. Ron Ness, speaking for the Oil and Gas Research Council, focused on the state of the oil industry and the enhanced oil recovery “Bakken 2.0” effort. He said production remains steady, but future growth depends on better infrastructure, longer laterals, and new EOR methods such as CO2, natural gas, and surfactants. He emphasized the importance of the Bakkeneast pipeline and related gas-utilization projects, the recent DOE funding that will return some money to the research council, and the need to modernize tax and incentive rules for CO2-based recovery. Members discussed the potential economic benefits for oil, agriculture, and manufacturing. The Bank of North Dakota then presented its compliance report and a broader strategic update. Bank leadership reviewed the bank’s mission, governance, participation lending, student lending, disaster programs, and legislatively directed programs, and said the bank is managing for a flatter deposit base and stronger liquidity because of fintech competition and changing market conditions. They reported improved earnings, with net income rising to about $231 million, and described Rough Rider Coin as a new internal payment rail for North Dakota banks and credit unions, not a public cryptocurrency. Members asked about student loan eligibility, disaster lending, and the bank’s capacity to support state programs while maintaining its balance-sheet and liquidity requirements.

Transcript Highlights:

• Mineral revenue, well, I don't know.
• If you want to know everything about mineral revenue, it's pages 14 and onward.
• And mineral revenue is the other one that I increase quite a bit compared to FY26, maybe not as much
• I think there's ways that we can get there as we work through the process.
• Made some suggestions that didn't quite make it through the process.

Keywords: 965, house, all

Summary: The Revenue Estimating Conference met with four members present and first approved the December 11, 2025 minutes. Members then recognized the FYI end-of-balance of $577,077,871 as non-recurring revenue. The main business was revising the state revenue forecast for FY 2026, with the Division of Administration recommending a reduction of about $113 million, driven primarily by weaker individual income tax collections, softer general sales tax receipts, and a substantial cut to corporate income tax forecasts. The Legislative Fiscal Office presented a somewhat different but still cautious outlook, and members discussed withholding rates, refund growth, corporate collections, and the effects of the franchise tax repeal and tax reform changes. After questions to the Department of Revenue about collections, refunds, enforcement, and settlements, the conference adopted the Division of Administration’s FY 2026 forecast. The conference then reviewed the FY 2027 recurring forecast. The Division of Administration again recommended a reduction, this time about $104 million, citing continued caution on individual income and corporate taxes, while the Legislative Fiscal Office projected a net increase of about $127 million, largely from sales tax, severance, royalties, vehicle sales tax, and other revenue streams. Members discussed the practical budget impact of the revised forecasts, including the need to reduce spending and the difficulty of funding a possible teacher stipend if a constitutional amendment fails. The FY 2027 recurring forecast was adopted. Members also adopted the long-range forecast, the proposed inflation rates for the Millennium Trust and parish severance allocation, and the incentive expenditure forecast. The incentive discussion noted that reported incentive costs reduce available revenue before appropriations, and members raised the possibility of reviewing or capping such incentives. The Treasurer’s Office then reported that the General Fund cash balance was $404.1 million as of May 5, 2026, and the interfund borrowing base was about $9.18 billion, with cash positions generally similar to the prior year. The meeting ended with a note that another REC meeting might be needed after the May 16 election, followed by adjournment.