Transcript Highlights:

• It's also property insurance.
• Code, thank you. Thank you, Mr. President, yes. Senator Bracey Davis. Code, thank you, Mr.
• They're screaming for lower property insurance taxes.
• They said property taxes and property insurance, which we're not tackling property insurance today, but
• Values, escalating insurance costs, and inflation.

Keywords: 998, house, all

Transcript Highlights:

• It's also property insurance.
• Code, thank you. Thank you, Mr. President, yes. Senator Bracey Davis. Code, thank you, Mr.
• Senator Tracy Davis said it: property insurance. Senator Tracy Davis said it: property insurance.
• They said property taxes and property insurance, which we're not tackling property insurance today, but
• , escalating insurance costs, and inflation.

Keywords: 999, senate, all

Transcript Highlights:

• And that is one that is specifically in the code right now.
• So already in code they have statutory deadlines that are earlier in the year.
• One last bullet point for consideration is to address a conflict in code for townships.
• With health care insurance premium costs, that is not unheard of.
• I believe this is in Section 57-15-14 of the Century Code.

Keywords: 908, all

Summary: The committee met to continue its tax reform and relief study agenda, approved the December 3, 2025 minutes, and announced a new subcommittee to examine property tax statement issues with counties, auditors, and the tax office. Representative Headland was named chair, Senator Rummel vice chair, and Representatives Dressler and Dr. Dr. and Senator Patton were also assigned. The chair noted the group may need an additional meeting and thanked staff and attendees. A major portion of the meeting focused on economic development incentives. The Department of Commerce presented on the Renaissance Zone program and TIF districts, describing Renaissance Zones as locally tailored tools that combine local property tax relief with state income tax incentives. Commerce said the program has supported thousands of projects since 1999 and cited examples from Beach and Mandan showing increases in property and taxable value, business retention, housing, and downtown revitalization. Committee members raised concerns that smaller rural communities often lack the staff and expertise to apply, and Commerce said it provides outreach through conferences, office hours, and one-on-one assistance. League of Cities and local officials from Bismarck and Ellendale echoed the capacity issue, discussed how the programs have worked in their communities, and suggested possible reforms or more targeted support for small towns. Ellendale’s mayor also described two TIF districts, one for industrial infrastructure in Oaks and one for housing infrastructure tied to a data center project in Ellendale. The committee then turned to stripper oil taxation. The Tax Department gave a comparison of oil and gas tax structures in selected states, noting that most have some form of stripper or marginal well provision, while Alaska does not appear to have a specific stripper-well exemption. Members asked for more detail on definitions and North Dakota’s annual adjusted rate. The Department of Mineral Resources followed with a detailed presentation on North Dakota stripper wells, explaining the statutory thresholds, the 12-consecutive-month production test, and the fact that once a well qualifies it remains on stripper status even if production later rises. DMR said about 11,332 stripper wells are active, representing roughly 54% of wells and about 16% of state production, and emphasized that stripper status can extend well life, preserve tax revenue, and reduce orphaned wells. Committee members and industry witnesses discussed refracs, the economics of keeping marginal wells active, and the competitive disadvantage created by North Dakota’s oil price discount. No votes were taken on these informational items.

Transcript Highlights:

• recognition of service-connected injuries and a loss of earning capacity and falls under the category of insurance
• their homes and reduce their risk of homelessness or housing instability by ensuring that the tax code
• This bill closes that loophole in California's Revenue and Tax Code by preventing organizations connected
• Abusing the tax code in this manner is harmful to our sector by, first, eroding the public's trust.
• I'm like the guy with the trench code who has any demographic you want. What do you want? I got it.

Keywords: 988, house, all

Transcript Highlights:

• recognition of service-connected injuries and a loss of earning capacity and falls under the category of insurance
• their homes and reduce their risk of homelessness or housing instability by ensuring that the tax code
• This bill closes that loophole in California's Revenue and Taxation Code by preventing organizations
• Abusing the tax code in this manner is harmful to our sector by, first, eroding the public's trust.
• I'm like the guy with the trench code who has any demographic you want. What do you want? I got it.

Summary: The Assembly Committee on Revenue and Taxation heard several bills focused largely on veterans’ tax relief, disaster-related property tax rules, contractor tax compliance, and nonprofit property tax exemptions. The chair reviewed committee procedures, including the suspense file process for bills with significant revenue impacts, and noted that only one bill would be voted on immediately. Most measures were presented with supportive testimony and then referred to suspense. SB 888 would exclude VA service-connected disability compensation from household income when determining eligibility for the low-income disabled veterans’ property tax exemption. The author argued the bill would prevent disabled veterans from being unfairly penalized and help them remain in their homes; a VFW representative testified in support, and there was no opposition. SB 1053 would allow county boards of supervisors, for disasters declared on or after January 1, 2026, to extend the five-year period for transferring a damaged property’s base-year value by up to three years. Support came from the California Assessor Association, and the bill was also sent to suspense. SB 1407 would exempt the first $40,000 of military retirement pay and surviving spouse benefit payments from state income tax for qualifying filers, with the author and witnesses arguing it would improve veteran retention in California and support the state economy. Multiple organizations and veterans spoke in support, and the committee members expressed strong sympathy for the measure, but it too was referred to suspense. SB 420 would deny charitable property tax exemption to organizations tied to private immigration detention facilities; the author and supporters said the bill would close a loophole that had allowed a detention facility in Imperial County to avoid millions in property taxes. Members voiced strong support and concern about the reported conditions at the facility, and the bill was also sent to suspense. The only bill taken up for a vote was SB 1165, which would improve coordination between the CDTFA and the Contractors State License Board so unpaid tax liabilities by contractors could be used in licensing enforcement, while preserving due process and installment agreement flexibility. After supportive testimony from the author and the California Tax Reform Association, the committee approved a due pass motion to Appropriations on a 7-0 vote. The committee then adjourned.

Transcript Highlights:

• how many acres is this problem with this siphon affecting, and why are we trying to change the tax code
• And so, it is currently, you're absolutely right, for years, this tax code was not. interpreted this
• I just don't feel comfortable changing the tax code across the board for farmers across the state.
• If that was the case, if that's the case today, how do we insure our crops?
• And then not get a production, well then it would kick it out of ag status, and we couldn't insure the

Transcript Highlights:

• > are<00:27:07.520> largely health insurance premiums are largely health insurance premiums
• <00:28:28.159> and getting mainly in health insurance and getting mainly in health insurance
• So, it was just the health insurance, the pensions, and I think life insurance, but just things that
• I think life insurance, but just and I think life insurance, but just things<00:37:57.760> that
• <00:54:46.480> and digital skills, things like coding and digital skills, things like coding

Keywords: 958, all

Summary: The Budget Review Subcommittee on Education met without a quorum, so the minutes were not approved. The main presentation was from retired economics professors John Garren and Dr. Kums, who discussed their Bluegrass Institute research on teacher compensation in Kentucky since the Kentucky Education Reform Act era. They said teacher base salaries, adjusted for inflation, have declined over the last decade, while state-paid “on-behalf” benefits such as pension and health insurance contributions have risen sharply; they argued total teacher compensation has increased modestly overall, but less than per-pupil funding. They also presented broader context on staffing growth, declining average daily attendance, Kentucky’s low share of teachers among total school staff, and flat or weak NAEP and ACT performance trends, including widening white-Black score gaps on NAEP. Members questioned the methodology and interpretation of the compensation figures. Representative Bojanowski argued the on-behalf calculations may overstate teacher compensation because they include insurance and pension costs that also benefit classified employees and retirees, and he asked for clarification on the denominator used to derive the per-teacher amount. Representative Truit said the presentation could be misleading if it implies teachers earn $94,000 in salary, and he objected to framing pension stabilization payments as teacher pay. The presenters responded that they were using total compensation, not salary alone, said they had divided total personnel-related on-behalf payments by the relevant staff count, and promised to review and send a technical explanation. Representative Truit and Chairman Typton both emphasized that compensation should be viewed as salary plus benefits, not salary alone, and noted that pension contributions are part of the cost of employing teachers. The presenters said their intent was to show the full compensation package and its relevance to labor supply and teacher shortages, not to claim that individual teachers earn the total compensation figure as salary. No votes or formal actions were taken beyond the decision to revisit the minutes at a later meeting due to the lack of quorum.

Transcript Highlights:

• If you scan the QR code, it will actually take you directly to the AOC Senate Bill 3 webpage, and there
• Okay, now we're gonna go to Agency Code 670, Veteran Services. Oh, sorry, are we doing public?
• They are two different P codes, which is why you will see different amounts maybe between them.
• Those costs will be passed on to individuals with private insurance.
• A family of four making 128 cannot pay for their insurance. Mr.

Keywords: 996, all

Transcript Highlights:

• safety net and making sure that sure that no one is denied based on their income, identity, or zip code
• Latine Texans, and Asian Texans who work very hard some of them at multiple jobs but do not receive insurance
• every single Texan deserves health care. care, evidence-based reproductive care, no matter their zip code
• Planned Parenthood does not discriminate on the basis of race. of insurance coverage, offering many of

Keywords: Texas, healthcare, reproductive health, Care No Matter What Act, Planned Parenthood, maternal mortality, teen pregnancy, funding cuts, community health

Summary: The meeting addressed critical health care concerns in Texas, highlighting the consequences of funding cuts on access to reproductive health services. Key speakers emphasized the urgent need for the Care No Matter What Act, which aims to restore funding to healthcare providers like Planned Parenthood. They underscored the alarming statistics of maternal mortality and the rising rates of teen pregnancies, particularly in Black and Latina communities. Testimonies shared during the meeting illustrated the real-life impacts of healthcare access issues on individuals and families across the state, illustrating the necessity for legislative action to ensure comprehensive reproductive health services.

Transcript Highlights:

• to demonstrate that they provide enforcing federal protections that require insurers to demonstrate
• Here with me today is Miguel Bastidas with the California Department of Insurance. Thank you.
• I'm with the California Department of Insurance here in the leadership of insurance.
• I'm with the California Department of Insurance, here in the leadership of Insurance Commissioner Ricardo
• Stephanie Watkins, on behalf of the Association of California Life and Health Insurance Companies, in

Summary: The Assembly Appropriations Committee met on April 8, 2026, with a quorum established and 59 bills listed for consideration. The committee first approved two consent calendars: several bills were sent to the Assembly floor on a due-pass basis, and a smaller set was approved due-pass but not eligible for the floor consent calendar. The proposed suspense calendar was then deemed approved without individual debate on those measures. The committee heard several bills in regular order. AB 1977, sponsored by the Secretary of State, would clean up and clarify the Online Notarization Act to support implementation by 2030; it drew no opposition and was approved. AB 2011 would codify existing federal mental health parity standards into state law; supporters said it would preserve enforcement authority, while health plans opposed it as premature given federal uncertainty and possible premium impacts; the bill was placed on the B roll call. AB 1673 would give county fish and game commissions more flexibility to use certain revenues for wildlife conflict prevention, and it advanced on an A roll call. AB 2233 would allow unused authorized ABA therapy hours for children with autism to be made up within the authorization period; supporters emphasized access and continuity of care, while insurers warned of higher costs and reduced utilization safeguards; it advanced on an A roll call. AB 1660, as amended, would give courts more flexibility in cases involving financial institutions and public guardians/conservators, with supporters saying it could save counties time and money; it was approved due-pass as amended. During general public comment, speakers voiced support for AB 2081 and AB 1667, and opposition to AB 1777. After public comment and final vote recording for absent members, the committee adjourned.

Transcript Highlights:

• And if anyone is interested in understanding what is contained in that, there is a QR code that you can
• And by the way, if you're interested in seeing what this looks like, there's a QR code on the screen.
• Fortunately, the type of cost overrun insurance before they can commit to new projects.
• Fortunately, the ITC that I mentioned already provides cost overrun insurance.
• Most of, I think, if I remember right, that we have in Century Code...

Keywords: 908, all

Transcript Highlights:

• How does the bill address, or does the bill address, building code updates? Senator DiCeglie.
• It doesn't address anything to do with building code updates.
• How does the bill address, or does the bill address building code updates? Senator DeSegley.
• It doesn't address anything to do with building code updates.
• I'm reading the room, adding liability and insurance, expanding eligibility for work.

Summary: The Senate convened with prayer, the Pledge of Allegiance, and several introductions, then moved into special order and returning messages. Early floor action included passage of HB 6503 (relief for Mandy Penny Lamon by Sarasota County), HB 1123 (sewer collection systems), HB 211 (farm products), and a joint resolution on ad valorem tax exemption for agricultural tangible personal property, all approved without opposition. Several other measures were temporarily postponed before the chamber recessed and later returned to messages from the House. The Senate then took up a series of House amendments and conference-style motions on major bills. SB 180 on emergency preparedness and response was amended and concurred in after debate over hurricane recovery, local government moratoriums, evacuation timing in the Keys, and property tax and redevelopment provisions; it passed 34-1. CS/HB 1609 on waste incineration and auxiliary containers was heavily debated over plastic and polystyrene preemption, local beach and park regulations, and landfill/incinerator provisions, then passed 26-10. CS/HB 1205 on citizen initiatives was amended to allow volunteers to carry up to 25 petitions without registration/training and passed 28-9. The Senate also refused to concur in a House amendment to SB 234 on offenses against law enforcement, and in SB 116 on veterans, seeking to restore funding for veteran suicide prevention. Later, the chamber approved or advanced several education and health-related bills. CS/HB 1255 on education was amended and passed, with changes to school readiness and other education provisions. CS/HB 875 on educator preparation passed after discussion of cognitive science, classroom management, teacher excellence programs, and the phaseout of the general knowledge test. CS/HB 1105, a large education package, passed after debate over charter school conversions, cell phone restrictions, and other school governance changes. In health care, CS/HB 1427 was introduced as a comprehensive package combining multiple health-related provisions, though the excerpt ends before final action on that bill. Throughout the day, the Senate also concurred or refused to concur in various House amendments on mental health, financial institutions, land development, brownfields, and out-of-network provider legislation, with votes generally recorded and several measures passing on divided but mostly favorable roll calls.

Transcript Highlights:

• KCSO issues Code Red alert.
• But no Code Red was issued, correct?” “But no Code Red was issued, correct?”
• The Code Red went out at 5:01.
• It's probably similar to Code Red.
• They don't have money to pay for flood insurance. They don't have money to pay for flood insurance.

Summary: The joint Senate and House disaster preparedness and flooding hearing opened with quorum calls, prayer, testimony time limits, and remarks from legislative leaders emphasizing decorum, respect, and the goal of learning from the July 4 flood to prevent future loss of life. Lieutenant Governor Dan Patrick and Speaker Dustin Burrows said the special session and hearings were intended to hear directly from local officials and residents, and that the state would pursue immediate and longer-term legislation and continue working beyond the current session. The committee then heard invited testimony from Kerr County, Kerrville, Kendall County, Real County, and the Upper Guadalupe River Authority, followed by member questions. Kerr County Judge Rob Kelly, Sheriff Larry Leitha, and emergency management coordinator William B. Thomas described the flood as a sudden, unprecedented event that overwhelmed local systems before many officials or residents understood the danger. They said the county received multiple National Weather Service and IPAWS alerts, but the rain fell in remote upstream areas with limited gauges, and the flood rose too quickly for normal response. They detailed the emergency response, including dispatchers handling heavy call volumes, deputies and volunteer firefighters conducting rescues, and state and federal partners assisting. County officials said 108 people died, including 37 children, and two remained missing. They called for better real-time flood detection, stronger rural emergency management resources, improved broadband and cell coverage, and more funding for swift-water rescue and warning systems. Kerrville Mayor Joe Herring and City Manager Dalton Rice said the city had floodplain rules, emergency plans, and prior preparedness efforts, but the event exposed gaps in communications and regional warning capacity. They urged the Legislature to fund a flood warning system, whether sirens, automated alerts, or a hybrid, and asked for support for predictive weather modeling, broadband expansion, a hazard mitigation fund, and disaster recovery resources. The Upper Guadalupe River Authority said it had long funded gauges and pursued flood-warning and mitigation projects, including a new software-based flood prediction system and possible retention dams, and planned to dedicate reserve funds to feasibility studies and infrastructure improvements. Kendall County Judge Shane Stolarczyk said his county’s emergency action plan and early alerts helped prevent deaths there, and he recommended easier access to alerting tools, a river-wide warning system, simpler grant applications, and regional coordination. Real County Judge Bella Rubio said rural counties face major challenges because of limited cell service, broadband, staffing, and funding, especially for camps and visitors along the Frio and Nueces rivers, and argued that reliable alert systems should be treated as a necessity, not a luxury. Members asked about the timeline of the flood, low-water crossings, communications failures, sirens, bridges, and funding, and several witnesses said the key lessons were better communications, better warning systems, and more investment in rural flood mitigation and emergency response.

Transcript Highlights:

• information to be conveyed by a QR code. information to be conveyed by a QR code.
• Property owners have to pay liability insurance on the property.
• different um insurance plan. different um insurance plan.
• that allows that if a if a insurer that allows that if a if a insurer becomes<01:51:38.520> insolvent
• ,<01:57:49.920> UnitedHealthcare, for-profit insurer, UnitedHealthcare, for-profit insurer

Keywords: 1187, senate, all

Transcript Highlights:

• Members, this cleans up and updates the Health and Human Services Code as it relates to state hospitals
• Clerk: ...of insurance policies. Chair: Chair recognizes Mr. Paul. Mr.
• Griffin-Hawkins: ...specifically doing when we're looking at insurance policies? Rep. Paul: Yes.
• This is a bill to make sure that those declinations, if you apply for a new insurance policy...
• Craddick: of fees and refunds under Chapter 1006 of the Transportation Code.

Transcript Highlights:

• Well, most counties have insurance.
• Most counties have insurance or have some kind of way for Dealing with lawsuits.
• Then each municipality and each county would have to go back and amend their regulatory codes in order
• Council or the County Commission would have a responsibility to go back and look at their regulatory codes
• Many of our local codes already talk about water, air, and protection.

Transcript Highlights:

• <00:51:55.599> but<00:51:55.839> very some and Commercial Insurance but very some and
• have rules and systems like Insurance have rules and they<01:02:03.640> had<01:02:03.880>
• The wiring is not up to code, the plumbing is not up to code, and the building is falling apart. those
• <01:27:48.000> the the wiring is not up to code the the wiring is not up to code the plumbing
• the the the plumbing is not up to code the the the building<01:27:51.199> is<01:27:51.280>

Keywords: 910, house, all

Summary: The Public Safety Committee held a hearing on House Bill 433, which would appropriate $4 million for Department of Corrections and Rehabilitation re-entry services to connect offenders with community-based services. Director Tommy Johnson said the department supports the bill’s intent but noted the governor’s executive budget already includes $4 million for the same purpose and asked that the measure defer to that budget. Supporters, including the Hawaii Correctional System Oversight Commission, Community Alliance on Prisons, and the ACLU, backed the funding but urged that it be tied to a clear re-entry plan, performance measures, transparency, and regular reporting to the legislature. They emphasized that re-entry should begin at intake and involve community partnerships, housing, treatment, employment, and family reunification services. Committee members questioned the department about current re-entry services, pre-trial detainees, and how the new funds would be used. Johnson said the department’s current statewide re-entry budget is about $1.5 million to $1.7 million, separate from the larger Corrections Program Services Division budget for in-facility programs. He described the proposed $4 million as supporting a mix of services, including a pilot apprenticeship program, substance abuse treatment, navigator or warm-handoff services, and short-term transitional housing. He also said the department already tracks performance outcomes in its annual report and can provide a matrix showing the intake-to-discharge process, program contracts, and volunteer organizations. The discussion also covered pre-trial detainees, electronic monitoring, and mental health services. Johnson said the department has limited jurisdiction over pre-trial detainees but works with courts to seek supervised release when possible; he noted that many requests are denied, though electronic monitoring has improved release rates somewhat. On mental health, he said the jail is not an ideal therapeutic setting for people found unfit to proceed and suggested a secure community-based step-down facility run by the Department of Health for those needing care above what the jail can provide but below forensic-level treatment. No vote or final action on the bill was taken during the hearing.

Transcript Highlights:

• Longer having a building code requirement. I want to put you on the spot.
• Well, like I said, I've seen some of the results on the insurance.
• Well, like I said, I've seen some of the results on the insurance side.
• It does not require Public Utilities Code Section 851.
• So in our valuation case, that is under Public Utilities Code Section 1400.

Summary: The committee heard several energy, water, and utility bills. SB 919 by Senator Grayson would extend the biomethane monetary incentive program through 2030 and authorize additional funding to support renewable natural gas projects by reducing interconnection costs. Supporters said high interconnection costs and the current tax treatment are major barriers to methane reduction projects; opponents, including TURN and environmental groups, raised ratepayer cost concerns and objected to rate-basing and additional public funding. The author said amended language would remove the rate-basing provisions and instead urge the CPUC to act quickly on its pending decision. SB 931 by Senator Laird would reauthorize the Community Impact Mitigation Program for the Diablo Canyon plant through 2030 to continue funding local emergency preparedness, fire protection, public safety, and school district costs. The County of San Luis Obispo and labor groups supported the bill, while TURN opposed it as a statewide ratepayer subsidy that could be funded from existing PG&E revenues instead of higher rates. Members discussed the bill in the context of the 2022 Diablo Canyon extension deal and the possibility of a future longer extension. SB 1215 by Senator Cortese would direct the CPUC to set deployment targets for EV charging in multifamily housing and evaluate progress, with amendments aimed at affordability and limiting system upgrade costs. Supporters said renters are largely locked out of home charging and that prior utility programs proved cost-effective; no opposition testified. SB 1359 by Senator Stern would require more deliberate CPUC review before major gas system investments, emphasizing electrification and non-pipeline alternatives. Gas utilities and several industry groups opposed it, arguing it could undermine the obligation to serve, create safety and reliability risks, and change the regulatory compact. The committee also heard SB 1125 by Senator Menjivar, presented by Senator Gonzalez, which would establish a statewide low-income water rate assistance program upon appropriation. Water agencies, environmental groups, and local governments supported the measure, while one member expressed concern that it lacked a funding source and could not overcome Proposition 218 limits; the bill was moved to Appropriations and the roll was left open. Finally, SB 1098 by Senator Perez would restrict the use of long-running memorandum and balancing accounts by investor-owned utilities, require exceptional circumstances for new accounts, and add sunset and cost-sharing requirements. Consumer advocates and large energy users supported tighter oversight, while the utilities and business groups opposed the bill as too rigid and potentially harmful to flexibility for wildfire, emergency, and safety-related costs.

Transcript Highlights:

• <00:41:52.000> through eligible for u health insurance through eligible for u health insurance
• payments and any health insurance payments and any health insurance premiums<00:55:11.440> paid
• The health insurance rules can sometimes cause confusion.
• Um the health insurance there there are Um the health insurance there there are sometimes<00:56:39.359
• institutions to offer health insurance institutions to offer health insurance to<00:59:59.520>

Keywords: Meeting Start: 00:00:09 Attendance Roll Call: 00:01:42 Approval of Minutes: 00:03:23 Overview of Actuarial Audit Process: 00:03:47 Overview of Reemployment After Retirement Provisions: 00:25:26 Teachers’ Retirement System: 00:25:26 Kentucky Public Pensions Authority: 00:50:32 Adjournment: 01:02:55, 958, all

Summary: The meeting began with quorum, approval of the prior minutes, and an announcement that the June meeting had been canceled and replaced by this combined May/June meeting; the next official PPOB meeting was announced for July 21 at 2:30. Staff then gave an overview of the Public Pension Oversight Board’s required actuarial audit process, explaining that House Bill 238 requires a review every five years of the retirement systems’ actuarial assumptions and methods, funded by the systems themselves. The presentation distinguished this audit from a financial or forensic audit, described the three possible audit levels (full replication, limited/spot review, or basic review), and noted that the last audit in 2021 was a level one performed by Milleman Consulting at a cost of about $190,000. Members discussed timing for the next audit cycle, with a request to LRC likely needed in July or August to target the June 30, 2026 valuation, and several members expressed interest in another level one review. Questions also addressed whether prior audits found major issues; staff said the 2021 review was generally clean but recommended more consistency in reporting and assumptions across systems. The committee then welcomed new staff and interns, including Odet Guanzi of KPPPA and Team Kentucky intern Amamira Bowman. Bo Barnes of the Teachers Retirement System presented an overview of the statutory framework for reemployment after retirement under KRS 161.605. He explained that the law is intended to let retirees return to help with staffing needs, do so in an actuarially sound way through required contributions, and keep TRS compliant with federal tax rules for a qualified plan under section 401(a). Barnes described the required breaks in service and earnings limits for retirees returning part-time or full-time, including the three-month or 12-month break depending on the employer, the 6,900-day limit, and the daily wage threshold based on years of service. He also noted a lightly used critical shortage program that allows school districts to hire retirees without a wage cap, while still observing the break-in-service rules. Members asked questions about who decides the scope and level of the actuarial audit, how the audit would treat leave balances and other benefit-related items, and whether the prior level one audit identified substantial problems. Staff said the committee would request the audit, but LRC would handle contracting, and that the audit scope could include items like sick leave and annual leave costs if requested. On the reemployment topic, Barnes emphasized that the rules are designed to avoid pre-arranged retire-and-return arrangements that could jeopardize TRS’s tax-qualified status. No formal votes were taken beyond approving the minutes, and the meeting concluded with the presentations and discussion of these pension oversight issues.

Transcript Highlights:

• <00:08:22.560> of updating the inheritance tax code of updating the inheritance tax code of
• And we now have the first provision in the federal tax code and the Internal Revenue Code that would
• insurance is we've had to raise rates. insurance is we've had to raise rates.
• <00:20:56.159> So, insurance uh premiums as well. So, insurance uh premiums as well.
• in banking and insurance as well. in banking and insurance as well.

Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:01:00 Approval of Minutes 00:02:31 Kentucky Farm Bureau 00:02:42 Kentucky Department of Agriculture 00:28:18 Kentucky Cattlemen's Association 01:48:13, 958, all

Summary: The committee heard first from Kentucky Farm Bureau leaders, who outlined the organization’s current priorities and recent work on farmland transition. Eddie Melton said Farm Bureau is working through 983 county and advisory committee resolutions and highlighted support for the updated selling farmer tax credit, now law through House Bill 775, as well as Senate Bill 28’s agriculture economic development provisions. He said Farm Bureau’s likely priorities include maintaining the 50% share of the tobacco settlement fund for agriculture, protecting funding for the Kentucky Department of Agriculture, preserving sales tax exemptions on farm inputs, keeping property taxes controlled, and exploring additional tools to keep farmland in active farmers’ hands, including possible loan or inheritance-tax changes. He also raised concerns about eminent domain transparency, nuisance deer permits, and access to agricultural inputs and crop protection products. Alita Bots described the farmland transition initiative in more detail, saying the revised state tax credit is generating strong interest and that a new federal tax provision now allows eligible land sales to actively engaged farmers to spread capital gains taxes over time. She said the initiative has reached 22 counties and more than 1,300 people this year through outreach and meetings, and that Farm Bureau is pairing policy work with resources to help farm families plan transitions and prepare wills and other estate documents. Drew Graham added that the effort is also meant to bridge the rural-urban divide and support rural communities, and Farm Bureau invited members to its annual meeting in early December. Members asked about rising insurance costs and deer damage. Farm Bureau representatives said severe convective storms, inflation, and higher repair and material costs have driven insurance rate increases, citing five major storm events since 2021 and a recent Owensboro hailstorm that caused about $350 million in losses; they said the company is moving toward percentage deductibles to help moderate increases. On deer, they said crop-loss totals are hard to quantify but acknowledged the problem and discussed possible coordination with the Department of Fish and Wildlife and Hunters for the Hungry. Commissioner Jonathan Shell then began the Department of Agriculture presentation, reporting gains from the department’s school agriculture outreach program, including a 23% increase in county participation between March and September and improved teacher-reported student learning, before continuing into the department’s legislative priorities.