Transcript Highlights:

• There were a few sections removed on change of ownership processes and sections regarding related individuals
• /c><00:14:52.560><c> on</c><00:14:53.079><c> change</c><00:14:53.360><c> of</c><00:14:53.480><c> ownership
• </c> sections removed on change of ownership sections removed on change of ownership processes<00:14:

Bills: HF4207 , HF4338

Committee: House Human Services Finance and Policy

Transcript Highlights:

• In terms of the top uses of those funds, our largest activity by far is home ownership lending, single-family
• 00:05:14.880><c> home</c> our largest activity by far is home our largest activity by far is home ownership
• <c> lending,</c><00:05:16.400><c> um</c><00:05:16.639><c> single</c><00:05:17.039><c> family</c> ownership
• lending, um single family ownership lending, um single family mortgages<00:05:17.759><c> to</c><00:05

Bills: SF2434

Committee: House Housing Finance and Policy

Transcript Highlights:

• Construction, ownership, and maintenance for this project will be Richfield's responsibility.
• Construction,<00:41:45.040><c> ownership,</c><00:41:45.599><c> and</c><00:41:45.760><c> maintenance</
• c> Construction, ownership, and maintenance Construction, ownership, and maintenance for<00:41:46.400

Bills: HF3700 , HF3982 , HF3927 , HF3933 , HF3949 , HF4238 , HF4275 , HF4476 , HF4504

Committee: House Capital Investment

Transcript Highlights:

• Over the next 5 to 10 years, a significant amount of farmland in Minnesota will change ownership either
• of farmland in Minnesota<01:38:12.239><c> will</c><01:38:12.480><c> change</c><01:38:12.719><c> ownership
• </c><01:38:13.440><c> either</c> Minnesota will change ownership either Minnesota will change ownership

Bills: HF4253 , HF4257 , HF3236 , HF4264 , HF4149 , HF4019

Committee: House Environment and Natural Resources Finance and Policy

Transcript Highlights:

• And we found that the ownership would change sometimes monthly.
• that one month there'd be one board and then another, making it very difficult to track and prove ownership
• And we found that the ownership would change sometimes monthly.
• that one month there'd be one board and then another, making it very difficult to track and prove ownership

Committee: House Fraud Prevention and State Agency Oversight Policy

Transcript Highlights:

• As long as our state is normalizing gun ownership, and gun ownership is consistently on the rise, we
• As long as our state is normalizing gun ownership, and gun ownership is consistently on the rise, we

Bills: HF3409 , HF3487 , HF3401

Committee: House Education Policy

Transcript Highlights:

• recall we had a bill about 4 or 5 years ago that changed that, and we specifically legalized the ownership
• that, and we specifically uh legalized that, and we specifically uh legalized the<01:04:29.280><c> ownership
• of</c><01:04:30.080><c> land</c><01:04:30.400><c> inside</c><01:04:30.800><c> Mississippi</c> the ownership
• of land inside Mississippi the ownership of land inside Mississippi by<01:04:31.400><c> non-resident

Transcript Highlights:

• couple of cabinet and initiatives, but starting in 2024, Kentucky Department of Agriculture took ownership
• Agriculture um Kentucky Department of Agriculture took<00:35:48.800><c> so</c><00:35:49.119><c> ownership
• of</c><00:35:50.560><c> um</c><00:35:50.640><c> that</c><00:35:50.960><c> initiative</c> took so ownership
• of um that initiative took so ownership of um that initiative and<00:35:51.760><c> also</c><00:35:52.000

Summary: The Tobacco Settlement Agreement Fund Oversight Committee met to review how tobacco settlement dollars are being used and to press recipients for detailed information on total funding, administrative versus program spending, and measurable outcomes. The chair emphasized that the committee was not there for general program overviews, but to assess return on investment and whether each program should continue to receive tobacco settlement support. The committee approved the minutes from its December 22, 2025 meeting and then heard presentations from several agencies and organizations. Volunteers of America Mid-States described its southeastern Kentucky restorative justice program, which uses an evidence-based New Zealand model for juvenile cases in nine counties. The group reported tobacco settlement funding of $516,000 in FY24 and $233,500 in FY25, representing about 17% and then about 5% of the program budget, respectively. It said the funding helped expand the program from 13 cases in 2021 to 180 youth served, and cited an independent evaluation showing recidivism of 24.5% compared with 40.4% in AOC data, along with a cost of a little under $20 per day versus detention and other placements. Some members questioned whether the program fit the tobacco settlement funding categories and suggested it might be better supported through other justice-related funding sources. The Energy and Environment Cabinet’s Division of Conservation explained that tobacco funds support $1 million in direct aid to conservation districts and $2 million in cost-share projects for farmers, with 5% of the cost-share appropriation allowed for administration, or about $100,000 in FY26. Officials said the direct-aid line was moved into tobacco funding in 2019, reducing money available for farmer cost-share, and described a multi-year project approval and reallocation process. Senator Webb asked for a more specific breakdown of the $850,000 direct-aid amount, and the cabinet said it would provide that information. The Kentucky Office of Drug Control Policy reported that in FY24 it expended just under $30 million across tobacco funds, general funds, restricted funds, and a one-time federal grant, with less than 2% used for administration. Officials said most tobacco settlement money goes to Kentucky ASAP local boards in all 120 counties, supporting prevention, treatment, and some law enforcement work. The Department of Agriculture then began its presentation, describing strategic investments, loan programs, county funding, administrative costs, and a reported return of about $2.30 for every dollar spent, but the transcript cuts off before that presentation was completed.

Transcript Highlights:

• Impervious surfaces generate runoff regardless of ownership. This is not theoretical.
• 25:24.800><c> runoff</c><01:25:25.280><c> regardless</c><01:25:25.840><c> of</c><01:25:26.080><c> ownership
• </c> generate runoff regardless of ownership. generate runoff regardless of ownership.

Bills: SF0099 , SF0116 , SJ0006

Committee: Senate Judiciary

Transcript Highlights:

• And so the state took over ownership in the 1960s and found that with this large inventory of dams, there
• <01:05:20.480><c> state</c><01:05:20.720><c> took</c><01:05:20.960><c> over</c><01:05:21.280><c> ownership
• </c><01:05:21.680><c> in</c> And so the state took over ownership in And so the state took over ownership

Summary: The committee first heard testimony on House Bill 1042, which would increase the BFA contingent credit limit. State Treasurer Monica Misipelli explained that under RSA 66, state debt capacity is tied to unrestricted revenue and that guaranteed debt counts in the calculation even though it is contingent rather than direct debt. She said the state currently has about 4.2% to 4.3% debt-to-revenue ratio, about $120 million in additional capacity, and that approving the bill’s proposed increase would reduce available capacity for future state borrowing, including capital budgets. She noted the BFA has a long history of using guarantees without a state payout, but said the legislature should consider whether the full additional $250 million is needed and whether unused guarantee authorizations, such as one for the Pease Development Authority, should be reviewed in the future. Committee members asked whether guarantees have the same effect as actual debt for bonding capacity, and the treasurer confirmed that they do for purposes of the formula. Members also asked about the usual level of debt relative to the statutory 10% cap, and she said the state generally stays well below that limit. BFA Executive Director James Key Wallace then testified that the request was driven by rising project costs, inflation, and the need for more runway so the agency does not have to return to the legislature in an emergency. He said the BFA is self-supported, has never had a guarantee paid out by the state, requires collateral and reserves, and believes the appropriate range is closer to $400 million to $450 million; he also said a Senate bill would raise the limit to $400 million. He added that the BFA’s pipeline includes projects from about $15 million to $100 million and that housing availability is an important factor in business location decisions. After closing the work session on House Bill 1042, the committee opened House Bill 241, a bill on health insurance coverage for pain management services for chronic pain. Representative Dave Nagel, the prime sponsor, gave extensive background on his long career in pain medicine and said the bill is intended to improve access to non-opioid therapies and evidence-based pain management. He described the broad population affected by chronic pain and opioid use disorder, and said the proposal has long had bipartisan and stakeholder support. No vote or final action was taken on House Bill 241 in the portion of the meeting provided.

Transcript Highlights:

• And so the state took over ownership in the 1960s and found that with this large inventory of dams, there
• <01:05:20.480><c> state</c><01:05:20.720><c> took</c><01:05:20.960><c> over</c><01:05:21.280><c> ownership
• </c><01:05:21.680><c> in</c> And so the state took over ownership in And so the state took over ownership

Summary: The committee first heard testimony from State Treasurer Monica Misipelli on House Bill 1042, which would increase the contingent credit limit for the BFA. She explained that under RSA 66 the state’s debt capacity is capped at 10% of unrestricted revenue, and that guaranteed debt counts in the calculation even though it is not direct debt. She said the state currently has about 65% of its capacity used, roughly $120 million of remaining room, and that raising the BFA contingent credit limit from $200 million to $450 million would reduce that capacity. She noted the state’s debt-to-revenue ratio is about 4.2%, that the state’s credit rating is not immediately affected by the guarantee program unless the state actually has to assume the liability, and suggested unused guarantee authorizations, such as one for the Peace Development Authority, could be reviewed in the future. Members asked whether a credit guarantee affects bonding ability like actual debt, what the usual debt level is relative to the statutory cap, and whether the increase would crowd out future capital borrowing. Misipelli answered that guarantees are included in the formula and do affect available capacity, though the current ratio remains manageable. She also said she had been using a $120 million benchmark for capital budget planning and was now modeling $130 million in future state debt. When asked whether the full $250 million increase was necessary, she deferred to the BFA, saying the question should be answered by the agency. James Key Wallace, executive director of the New Hampshire BFA and interim commissioner of Business and Economic Affairs, then testified in support of the bill. He said the request was driven by larger project costs over the last several decades, with construction inflation causing guarantees to be used up in bigger chunks, and by the fact that the BFA has been close to its current cap. He said the agency does not use taxpayer funds, has never had a payout on a guarantee in nearly 35 years, and requires collateral, reserves, and an 80% loan-to-value buffer. He told members the Senate had a similar bill to raise the limit to $400 million and that the BFA considered that range acceptable. In response to questions, he said a smaller increase such as $150 million would cover known transactions but might not provide enough runway for future opportunities, and he confirmed the bill was brought at the BFA’s request. He also said businesses consider housing availability when deciding whether to locate in New Hampshire, since housing and workforce are key location factors. At the end of the work session, the chair closed House Bill 1042 and opened House Bill 241, a bill on health insurance coverage of pain management services for chronic pain. Representative Nagel began introducing the bill and asked for copies of the treasurer’s debt-capacity report, but the transcript cuts off before any further action on HB 241.

Transcript Highlights:

• And the second thing is certainly about the property ownership, because what we've seen from my region
• :34:36.480><c> about</c><01:34:37.040><c> the</c><01:34:37.360><c> property</c><01:34:37.679><c> ownership
• </c> certainly about the property ownership certainly about the property ownership because<01:34:38.560

Summary: The committee first heard a presentation from the Kentucky Aviation Association on the importance of general aviation airports in Kentucky and their economic and public-safety role. Witnesses said the state has more than 50 general aviation airports that support jobs, agriculture, tourism, medical transport, disaster response, and law enforcement, and they urged continued support for aviation infrastructure and workforce development. They asked the legislature to again provide $200,000 per general aviation airport for operating and basic infrastructure costs, to route the money through the Kentucky Department of Aviation for accountability, to revisit a special-purpose governmental entity audit requirement they said is too costly for small airports, to create a long-term appropriations process for the roughly $100 million in unmet capital needs, and to fund the Arrow Act for aviation education and scholarships. Members asked about a dedicated aviation fuel tax and about local training partnerships, simulators, and school or community college programs; the witnesses said they preferred an appropriations-based solution and offered to help connect interested communities with aviation education resources. The committee then took up “Troy’s Law,” sponsored by Representatives White and Flannery, which would allow tow trucks to use blue lights while stationary and actively removing vehicles or debris from highways. Sponsors and tow operators said the bill is intended to improve worker safety after the deaths of tow operators Troy Cwell and Hubert Mosley in highway hit-and-run incidents, and they emphasized that tow operators often work in dangerous conditions at night, in bad weather, and near fast-moving traffic. They said the proposal would not apply while driving or towing and noted that other states have adopted similar measures. Witnesses from the towing industry, including Bubba Johnson and Barbara Maguire, supported the bill as an added layer of protection and described tow operators as first responders who help motorists in emergencies. Representative Flannery and other members expressed support for the safety goal and invited further discussion, but no vote or final action was taken in the excerpt.

Transcript Highlights:

• They have three facilities under common ownership, and they really work it.
• have three facilities uh under they they have three facilities uh under common<01:58:17.040><c> ownership
• > and</c><01:58:17.679><c> they</c><01:58:17.840><c> really</c><01:58:18.080><c> work</c> common ownership
• and they really work common ownership and they really work it.<01:58:18.639><c> But</c><01:58:19.040

Committee: Senate Finance

Transcript Highlights:

• 13 through 15, and Senate sections 10 through 12, 20 through 22, and 35, modify assisted living ownership
• and 35. and 35. modify<00:10:51.440><c> assisted</c><00:10:52.000><c> living</c><00:10:52.399><c> ownership
• </c> modify assisted living ownership modify assisted living ownership provisions<00:10:53.680><c> and

Transcript Highlights:

• It's the removal of plates and obtaining of new plates requirements when there's a change in ownership
• 48:50.160><c> in</c> requirements when there's a change in requirements when there's a change in ownership
• <00:48:50.800><c> of</c><00:48:51.040><c> a</c><00:48:51.359><c> motor</c> ownership of a motor ownership

Transcript Highlights:

• if we went to school, worked hard, got a job, that the next step on our American dream was home ownership
• 34.480><c> home</c> next step on our American dream was home next step on our American dream was home ownership
• 36.400><c> are</c><00:02:36.560><c> seeing</c><00:02:36.800><c> that</c><00:02:36.959><c> that</c> ownership
• And we are seeing that that ownership.

Committee: Senate State and Local Government

Transcript Highlights:

• home and community-based services when providers begin to build MA and when there is a change in ownership
• MA and when there is a change in MA and when there is a change in ownership<00:09:15.360><c> within</
• </c><00:09:16.959><c> We</c><00:09:17.200><c> fund</c> ownership within 12 months.
• We fund ownership within 12 months.

Bills: HF2433 , HF2434

Committee: House Ways and Means

Transcript Highlights:

• Section 3 of the bill states that if a facility changes ownership, the new owner must honor the current
• that if a three of the bill states that if a facility<00:03:02.400><c> changes</c><00:03:02.959><c> ownership
• ,</c><00:03:03.840><c> the</c><00:03:04.080><c> new</c> facility changes ownership, the new facility
• changes ownership, the new owner<00:03:04.720><c> must</c><00:03:05.040><c> honor</c><00:03:05.360><c

Bills: HF2216 , HF1978 , HF2354 , HF1963 , HF1994 , HF1995 , HF1894

Committee: House Human Services Finance and Policy

Transcript Highlights:

• The shingle out in front is changed from Met Council to MnDOT, and then, of course, the ownership and
• 00:59:37.200><c> the</c> to to mindat and then of course the to to mindat and then of course the ownership
• <c> and</c><00:59:38.640><c> the</c><00:59:38.880><c> operation</c><00:59:39.880><c> ongoing</c> ownership
• and the operation ongoing ownership and the operation ongoing construction<00:59:41.240><c> uh</c><00

Committee: Senate Transportation

Transcript Highlights:

• thing that we learned quickly is a lot of people care about attendance, but nobody's really taking ownership
• 00:21:02.679><c> really</c><00:21:02.960><c> taking</c><00:21:03.320><c> the</c><00:21:03.440><c> ownership
• </c><00:21:03.960><c> of</c> nobody's really taking the ownership of nobody's really taking the ownership

Committee: House Education Policy