Transcript Highlights:

• Okay, then if you'll please mark that those present voted in the affirmative, and you have a do-pass
• ICIP number, but can the pass-through still be through the COG and EBID is, I guess, where I need to find
• EBID is, I guess, where I need to find out.

Keywords: 996, all

Transcript Highlights:

• It affirms the spirit of fidelity of the model and it places back and it follows best practices that
• coalition, All Safe New Mexico, made up of dozens of organizations and providers who are committed to finding
• Still, they cannot find a pharmacy that has suboxone in stock. It's a huge barrier.

Keywords: 996, all

Transcript Highlights:

• Strengthen them in the midst of their responsibilities, and may they find rest and renewal in your presence
• Creates an affirmative defense for good-faith reliance on misrepresented supply chain information.
• the board to work with the Texas Historical Committee. and State Library and Archives Commission to find

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

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

Transcript Highlights:

• and I find that this committee<00:05:29.720> works<00:05:30.000> well<00:05:30.440>
• And we have multiple court cases to affirm the fact that that is how things go.
• I have cards with me today and I can help people find whatever they need.
• today and I can help people find today and I can help people find whatever<01:44:37.199> they
• <01:51:01.400> say recommendations if we find say recommendations if we find say conflicting

Keywords: 928, house, all

Summary: The committee held an orientation for new and returning members of the House committee on agencies and administration, with introductions from members and staff. Chair Carol Maguire outlined her expectations for hearings: keep questions focused on the bill, be respectful to witnesses, and use the committee’s orientation opportunities to learn about the jail staff, retirement system, and Office of Professional Licensure. Members also discussed related assignments on other bodies, including the Joint Legislative Committee on Administrative Rules and the Joint Committee on Employee Classification, and noted that some members already serve on those panels. A substantial portion of the meeting focused on the State Building Code and the committee’s upcoming workload. Members explained how the state code is intended to provide a common baseline while allowing limited local options, and why municipalities must formally adopt and publish any local amendments. They reviewed several anticipated bills: a consolidation bill to gather building-code enforcement materials in one place, a bill to update the state energy code, a bill to restrict municipal adoption of building-code changes, and a bill to update the electrical code. Members also discussed how building codes apply to older homes and commercial buildings, and why code updates are important for safety and clarity. The chair said the committee had 36 bills currently scheduled, including many early bills that must move by March 6 because they will be heard by two committees. She said the committee would use subcommittees for harder bills, with three subcommittees this year: pensions, licensing, and likely state building code. She also outlined the hearing schedule, including lighter bills on February 12 and the expectation of executive sessions later in the month. No votes were taken during the orientation, but members were told that public hearings do not require a quorum and that hard copies of bills would be distributed by committee staff.

Transcript Highlights:

• Two of them are in, I believe, slide four, and find amazing results.
• And mirrors of what we did in Dallas that you can find in Houston.
• In Grandview, we feel that the findings are clear.
• Our district chose to respond to these concerning findings.
• Well, then the parent might not ever find out if that had happened.

Summary: The committee continued hearing testimony on Senate Bill 2252, which would expand early literacy and numeracy screening, parent notification, intervention supports, and teacher training, including math academies and early childhood supports. Supporters from Texas 2036, Good Reason Houston, Texas Business Leadership Council, and several parents argued that early identification of skill gaps, clearer data for families, and stronger teacher preparation would improve student outcomes, workforce readiness, and long-term earnings. They cited low math proficiency statewide, the importance of early intervention, and examples of districts using screeners and data dashboards to guide instruction and resource allocation. One witness also highlighted home visiting as a family-support model, while another urged more funding for pre-K partnerships and stronger support for parents with reading materials and guidance. A district special education administrator testified neutrally, saying the bill reflects practices already used in her district but expressing concern that it could reduce local control and teacher discretion by standardizing screening and tying it to funding. A Texas Classroom Teachers Association representative supported the intent but warned that mandatory math academies and intervention academies could burden teachers if implemented like prior reading academies, and a substitute teacher/teacher-of-the-year witness asked for clearer protections around special education information and pay for alternative certification candidates. After public testimony closed, SB 2252 was left pending. The committee then took up Senate Bill 2253, as substituted, which would phase out routine hiring of uncertified teachers over time, require parent notification when a teacher is uncertified, and expand high-quality preparation pathways such as university programs, residencies, improved alternative certification, and grow-your-own programs. Senator Creighton said the bill responds to the rise in uncertified teachers and aims to strengthen the teacher pipeline with more structured preparation, mentorship, and oversight by SBEC. Invited testimony strongly supported the measure: a Texas Tech researcher said uncertified teachers and fast-track programs are associated with significant learning losses, while year-long residencies and mentored pathways produce stronger outcomes and higher earnings for students. Leaders from Dallas College and Sam Houston State University described successful residency and grow-your-own models, high completion and retention rates, and the need for paid residencies and stipends so candidates can afford to enter the profession. Committee members asked about the difference between mentorship and residency, the cost-effectiveness of paid residencies, retention incentives, and how to scale the model statewide. The committee also adopted the substitute for SB 2253 and later paused to vote out several other bills, including SB 1191, SB 1786, SB 226, SB 326, SB 570, SB 870, SB 991, SB 60, SB 365, SB 1401, and SB 1067, all of which were reported favorably, many with unanimous votes and some placed on the local and uncontested calendar.

Transcript Highlights:

• I cannot find an owner who suffers any income loss for receiving a 100% property tax exemption while
• So, one of the things I'll find myself saying is context is everything. So, if we're in...
• However... ...goes forward, I can find out for you.
• You're either gonna love it or hate it; we're gonna find out which House Bill...
• So that's the circumstance that Cedar Creek Hospital District finds itself in.

Bills: HB21, HB211, HB223, HB323, HB524, HB530, HB636, HB762, HB21, HB211, HB223

Keywords: housing finance, multifamily residential, low income, tax exemption, audit requirements, affordable housing, local government, development bonds, housing assistance, financial assistance, low income housing, community support, affordability, veterans housing, community involvement, air conditioning, tenant support, healthcare, elderly, taxation

Transcript Highlights:

• Chair and Committee, I find that extremely disappointing.
• So I find it very perplexing when we say the insurance company...
• I find this Frankly, a very confusing definition of occurrence.
• I frankly find it much more confusing than what is Contained in the bill.
• I understand You find this unfavorable.

Keywords: 996, all

Transcript Highlights:

• We know he is not in a good shape to find a job or look for a job.
• I hope we get to find out. Thank you. Thank you for your testimony. Any questions?
• then finding a therapist who did deep trauma healing.
• We can explore things that are more affirming and autonomy-based.
• Finding time to go to court, finding transportation, and facing a total stranger who they must convince

Keywords: 995, all

Summary: The Joint Committee on the Judiciary held a lengthy hearing on several juvenile justice and parole-related bills, with much of the testimony focused on H. 2051/S. 1087 to end lifetime parole for juveniles and emerging adults, and H. 1923 to raise the age of juvenile court jurisdiction to include 18-, 19-, and 20-year-olds. Chairs Brandy Fluker-Reid and Lydia Edwards opened the hearing by noting the large number of bills and witnesses, the need to keep testimony moving, and special procedures for incarcerated witnesses and sensitive testimony. They also acknowledged the historic nature of the hearing being chaired by two Black women attorneys. No votes were taken during the hearing itself. Many incarcerated speakers and advocates supported ending lifetime parole, arguing that young people can change, that lifetime supervision creates constant fear of technical violations, and that it undermines rehabilitation, family stability, employment, and reintegration. Several testified about their own trauma, youth, and growth in prison programs, while others emphasized the costs of decades of supervision and the racial disparities in the system. Support also came from elected officials, UTEC, the Transformational Prison Project, United Way, CPCS’s Youth Advocacy Division, the Massachusetts Coalition to Prevent Gun Violence, and others, who said juvenile systems are better suited to developmentally appropriate treatment and that the bills would improve public safety and reduce recidivism. There was also opposition, including testimony from family members of a murder victim who argued that lifetime parole should remain for serious violent crimes and that some offenders are not sufficiently rehabilitated. One virtual witness described a family tragedy involving the kidnapping and murder of her infant nephew and warned that ending lifetime parole could remove needed long-term supervision for dangerous offenders. In addition to the juvenile justice bills, the committee heard testimony on H. 1867, a bill related to continuing care for severe mental illness, and H. 2063, which would increase penalties for assaults on correction officers and other prison staff; the correction officers’ union supported H. 2063 and related safety bills. The hearing continued with many more witnesses and bill topics, but no final committee action was announced in the portion provided.

Transcript Highlights:

• That transition was extremely difficult, and one of the things that made it possible was finding... .
• But because I use the wheelchair, I've had a very difficult time finding ways to get good cardio exercise
• Dave, if you could raise your hand, that will make it easier for the Zoom folks to find you.
• But I do believe that if we vote in the affirmative to table, we can also pull it back off the table.
• Finding the solution to help first responders get to that goal.

Keywords: 996, all

Transcript Highlights:

• Go find the other $14 million.
• Client, so if Kanhilon calls in, they're dealing with one person at Annameth A who finds who they need
• Say, okay, how can I help you find an auditor? How can I get you? It just would be able to notify.
• I mean, I wish to see us finding other mechanisms for municipalities to increase their funding.
• From the local community, so can you just quickly affirm that?

Transcript Highlights:

• In some cases, states affirmed their ability to reduce benefit levels, including for people who were
• And again, I'd like to commend the legislature for finding the money and directing that money to fully
• Find a page number, but to this chart. Yes, sir.
• Also, for ERB, I think that it's incumbent upon us to Find ways to improve our unfunded liability and
• And we’re finding out all those streams of disparities that AI has created.

Transcript Highlights:

• While as a whole state, we may be in that $400 to $600 million range, we may find that we have too many
• We may lose the whole $1.5 billion or have to find ways to not put those hospitals at risk.
• I'm sure I just find that hard to believe.
• We can find out more about how those costs are actually being divvied up and the interaction between
• Chair, I'd like detailed lists finding what those administrative costs are or professional.

Transcript Highlights:

• So let me ask you if if my I think where I'm trying to find out is if the Attorney General may direct
• I should have made that point myself in the Stevens case find that the AG cannot unilaterally prosecute
• Most of the findings have been no fraud, yet the impact has been on. on many of our voters that I've
• And also, we believe... is that by giving, affirmatively giving the authority to the Attorney General's
• Find out who the influencers are in the building.

Bills: SB5, SB11, SB12, SB9, SB42, SB15, SB5, SB11, SB12, SCR1

Keywords: hemp regulation, consumable products, cannabinoids, occupational licenses, criminal offenses, SB 11, Texas attorney general, election crimes, election law enforcement, criminal prosecution, Election Code, Government Code Chapter 402, local prosecutors, county attorney, district attorney, grand jury, probable cause reports, state election offenses, voter fraud, election integrity

Transcript Highlights:

• Many companies have moved jobs out of state, and I find it is often because of lower wages and less..
• State recognition would not only affirm our history, it would also ensure health care access for our
• And when you unveil the history of the Lipan Apaches, you find that there's no Native people that have
• And what we find is that ends up being the result; when you put enough pressure on them, they do what
• We just need to continue to find ways to always work together and help and also lift all these folks

Bills: HB551, HB 1281, HB1378, HB1617, HB2868, HB2881, HB3374, HB4439, HB4726, HB4732, HB4878, HB4914, HB4921, HB4958, HB5200, HB5318, HB5360, HB5402, HB5568, HB5573, HB5623, HJR218

Keywords: political contributions, address privacy, Texas Ethics Commission, election transparency, campaign finance, international organizations, World Health Organization, jurisdiction, state law, enforcement, United Nations, World Economic Forum, attorney general, Texas attorney general, state sovereignty, legal enforcement, Texas Attorney General, electric energy storage, municipal regulation, county regulation

Transcript Highlights:

• Do you swear or affirm the testimony you're about to give be the truth, the whole truth, nothing but
• that that there's a there's a you find that that there's a there's a con<00:26:43.240> that<00
• I can run some research and find that number for you, but I don't have that in front of me today.
• That's maybe another conversation for another day, but could you find out how much Medicaid is paying
• That's maybe another conversation for another day, but could you find out how much Medicaid is paying

Keywords: 00:00 Call to Order and Roll Call 00:37 KY Horse Racing and Gaming Corp. 08:32 Cabinet for Health and Family Services 35:28 Adjournment, 958, all

Summary: The subcommittee heard an update from the Kentucky Horse Racing and Gaming Corporation on sports wagering revenue allocations and problem gaming funding. KHRGC reported that in fiscal year 2024, about $34.4 million was deposited to the pension fund and about $931,000 to the problem gaming assistance fund; fiscal year 2025 to date, the totals were about $18.5 million and $556,000, respectively, bringing all-time problem gaming funding to about $1.48 million. Members also discussed wagering volume, with KHRGC stating Kentucky had about $3.5 billion in wagers from September 2023 through December 2024 and about $1.4 billion in fiscal year 2025 to date. KHRGC explained that it tracks the funds sent to CHFS and the self-exclusion list, but does not track the number of people seeking help or the outcomes of those calls. The Division of Mental Health then described how the problem gambling assistance account is used. Patty Clark and Sarah Cooper said the fund supports education, counseling, public awareness, counselor certification, and treatment-related costs, with $50,000 reserved for administrative expenses. They said the department has spent the last 18 months establishing criteria, funding standards, performance measures, monitoring, and application procedures, and that it issued notices of funding opportunity in October. They reported about 1.49 million in the fund through the end of January, with awards including support for the Kentucky Council on Problem Gambling conference, a public awareness campaign by Project Ricochet, and a youth-focused campaign by Shaunie Transformation Youth Coalition. Testimony also focused on the scope of problem gambling in Kentucky and how the helpline works. The department said fewer than 10 clinicians in Kentucky are specifically certified in problem gambling, though all addiction clinicians can provide services, and estimated about 165,000 adults show problem gambling behaviors, with 47,000 to 64,000 potentially meeting criteria for a gambling disorder. They said helpline calls rose to about 3,240 in 2024, but only about 25% were from people seeking help, with most callers seeking information about online wagering. Members asked about anonymity, follow-up, co-occurring alcohol or drug issues, and whether the fund should reimburse Medicaid or directly cover treatment costs. The presenters said calls are anonymous, outcomes are not tracked unless callers follow up, and the program is currently focused on building provider capacity and targeted outreach rather than direct reimbursement or a statewide campaign.

Transcript Highlights:

• Now they already have their plan and everything done, and I find that interesting.
• One is that it could help attackers find cybersecurity holes and find ways to attack computers.
• That's what we're finding out too.
• That's what we're finding out to.
• That's what we're finding out, too.

Summary: The committee held its first meeting on artificial intelligence and data centers, established a quorum, and heard introductory remarks from Majority Leader Hogue and the chair about the committee’s charge. Members said the goal was to build a factual foundation on AI, hear from experts and stakeholders, and develop practical North Dakota-focused recommendations rather than simply produce a large volume of bills. Legislative Council also reviewed interim committee rules and procedures before the informational presentations began. Staff and NCSL presenters then gave overviews of AI concepts and the state and federal policy landscape. The background memo and presentations covered AI categories and terms, state laws in areas such as consumer protection, algorithmic discrimination, deepfakes, chatbots, children’s safety, health, education, and government use, as well as data center siting and economic impacts. NCSL described a growing number of AI bills introduced and enacted across the states, with comprehensive laws in places like Utah, Colorado, Texas, California, and Illinois, and noted recurring issues around transparency, privacy, liability, and protections for minors. A major focus of the discussion was federal preemption and the tension between state regulation and national AI policy. NCSL said a recent White House executive order and related federal framework seek a light-touch, innovation-friendly national standard, with possible challenges to state laws and possible funding conditions tied to compliance, though no broad federal preemption has yet been enacted. Members asked about Commerce Clause concerns, industry pushback, oversight models, and whether AI policy is bipartisan; presenters said the issue cuts across party lines, with broad agreement on child safety and deepfake restrictions but more disagreement on broader regulatory approaches. No votes or formal actions were taken at the meeting, and the committee recessed briefly for technical issues during the second presentation.

Transcript Highlights:

• The committee shall deny applications for a certificate based on such findings as rulings may support
• <00:08:53.720> as<00:08:53.920> rulings based on such findings as rulings based on
• you know, findings, PFAS, etc. you know, findings, PFAS, etc.
• You'll find this on page two and lines 10 through 17.
• Uh you'll find this on page existence.

Keywords: 1191, senate, all

Transcript Highlights:

• And I find it actually process.
• initiative, then this body has to find initiative, then this body has to find $350<01:11:32.400>
• The findings included poor >> Thank you. >> Thank you.
• ><04:51:39.600> or they find something unconstitutional or they find something unconstitutional
• If they find something unconstitutional or they find something that doesn't work in law, they strike

Keywords: 981, all

Transcript Highlights:

• We could not find any, and we asked very, very, very senior people if there was, that pulled together
• The risk there, of course, is that the state only finds out how exposed it is... ...is that the state
• only finds out how exposed it is to an investment opportunity of whatever kind it is until after the
• And then you find out that, well, this agency pledged some. Oh, and this one did too.
• I'm just trying to find out in my mind where it fits.

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:

• She's trying to find out what's going on. She wants your opinion.
• Um, and wanted to find out about me, wanted to find out what made me tick, Wanted to find out what made
• And now we're having to try to find the money to keep them employed.
• But I find this uh article by our own...
• The General Assembly finds and declares that...

Keywords: 981, all