Transcript Highlights:

• The bill directs the treasurer to contract with a third-party vendor to authorize electronic payment
• the Constitution, which states, no state shall make anything but gold and silver coin a tender in payment
• A business like Walmart receives payment in dollars.
• It establishes a voluntary opt-in legal framework for private bullion depositories and electronic payment
• processors to allow for payments based on physical gold and silver.

Bills: HB2123, HB2140

Keywords: bullion, depository, legal tender, Arizona, finances, precious metals, financial transactions, investment, state treasurer, gold bullion, treasury management, financial regulations, 1182, all

Summary: The Committee on Regulatory Oversight heard two bills from Representative Lisa Fink related to gold and silver. HB 2123 would create an Arizona Bullion Depository under the State Treasurer, allow a third-party administrator and vault services, require insurance for deposits, and recognize gold and silver as legal tender. Fink and a supporter testified that the bill would make bullion more practical for everyday use through a debit-card-style system, provide an inflation hedge, and expand access beyond wealthy investors. During committee discussion, one member voted present because of the bill’s rulemaking language, while others voted yes; the bill received a do pass recommendation by a 4-0-1 vote. The committee then considered HB 2140, which would allow state and local governments to store bullion in the depository, authorize the State Treasurer to place up to 10% of state monies in bullion, and require the Department of Insurance and Financial Institutions to adopt rules. Fink argued the bill would diversify state assets and protect against inflation and counterparty risk, citing Utah’s treasurer and constitutional support for gold and silver. A member asked whether the rulemaking provision could be removed, and Fink said she was open to discussing that with the treasurer. With no public testimony, the committee approved HB 2140 on a 4-0-1 vote, and then adjourned.

Transcript Highlights:

• The total amount of BIP payments that OA recommends the MDA reclaim is less than 1% of payments made
• As the OA pointed out, we reconcile every payment request.
• The Office of Grants Management only requires that agencies review one payment request on a grant of
• For payment requests for more than $25,000, we have two staff members review and sign off on the payment
• payment payment of<00:56:57.520> onetime<00:56:58.520> general<00:56:58.880> fund

Bills: HF1063

Keywords: grain buyers, grain dealer, grain elevator, agriculture, financial reporting, audit, CPA review, independent accountant, financial statement, balance sheet, cash flow, nonpublic data, licensee oversight, Minnesota Department of Agriculture, grain purchase volume, insolvency, nonpayment, warehouse chain, fiduciary duties, producer protection

Transcript Highlights:

• guarantee that it made when an approved financings... ...were to default and could not make their payments
• you might be thinking, well, maybe we just get rid of... were to default and could not make their payments
• Lastly, we found that the department made payments to some schools that did not submit expenditure reports
• Lastly, the department making payments to schools without receiving an expenditure report increases the
• Lastly, the department making payments to schools without receiving an expenditure report increases the

Keywords: 1182, all

Summary: The Senate Education Committee of Reference met for sunset reviews and first heard a presentation on the Credit Enhancement Eligibility Board from the Governor’s Office. The presenter explained that the board, created in 2016, has no dedicated staff or administrative budget and is supported by existing budget and policy staff and the Treasurer’s Office. The board’s purpose is to lower borrowing costs for qualifying schools by using a guarantee fund to enhance credit ratings, and it has largely been used by charter schools. Because the board has reached its statutory leverage cap and has not met since 2022, it is currently in a monitoring role, but it must remain in place to honor guarantees if any approved financing defaults. The committee asked about financing maturities, demand from schools, and whether a shorter continuation period would make sense. No public testimony was offered, and the committee voted to recommend continuing the board for 10 years, until July 1, 2036. The committee then reviewed the Western Interstate Commission for Higher Education (WICHE). WICHE’s president described the interstate compact, its regional role in higher education access, workforce development, and data services, and its major student programs: the Western Undergraduate Exchange, the Western Regional Graduate Program, and the Professional Student Exchange Program. She highlighted tuition savings for Arizona students and the state, the return of many PSEP graduates to practice in Arizona, and additional cost savings through cooperative purchasing and technology contracts. The committee asked no substantive questions, and it voted to recommend continuing WICHE for 10 years, until July 1, 2036. The final major item was the Arizona Department of Education School Safety Program performance audit, followed by testimony from the department. The Auditor General reported that the program has grown substantially, especially after expansion to counselors and social workers and increased appropriations, but that ADE did not consistently ensure schools complied with program requirements. In a sample of 16 schools, most had issues such as missing or incomplete operational plans, inadequate safety team activity, incomplete required training, missing activity logs, or reimbursement requests lacking expenditure reports. The audit said these problems reduced the program’s effectiveness and increased the risk of improper spending, and it recommended stronger monitoring, written procedures, and better documentation review. ADE accepted the findings and said it is implementing the recommendations through more direct staff oversight, training requirements tied to funding, encrypted submission of emergency plans, site visits, and representative desk reviews. The discussion then shifted to whether emergency plans should address federal law enforcement actions; the director said the plans are designed for campus safety threats generally and do not specifically contemplate ICE enforcement. The committee took no vote on the audit presentation and adjourned after discussion.

Transcript Highlights:

• programs, investments in health care workforce development, total annual costs in excess of Medicaid payments
• and Medicare payments, examples of subsidized services, and hospital... ...Medicare payments, examples
• Number four, disclose rebates, price protection payments, discounts, and other similar remunerations
• Number five, disclose rebates, price protection payments, discounts, and other similar remunerations
• data and trends for employers and patients related to premiums, deductibles, co-insurance, and co-payments

Keywords: 908, all

Summary: The committee first addressed Senate Bill 2387, which had previously included language expanding the definition of a sexual assault victim advocate to include advocates from organizations serving victims of sexual trafficking or other sexual violence. After concerns were raised that the language could broaden participation in forensic interviews beyond appropriately credentialed organizations, the parties agreed to remove that added language. The committee then reconsidered its prior action, adopted the amendment striking the new language, and passed SB 2387 as amended on a 12-0-1 roll call vote. The bulk of the meeting focused on Representative Nelson’s proposed changes to a 340B-related bill, centered on expanding reporting and transparency requirements. His draft would require hospitals to report how 340B savings are used, and would also add reporting by drug manufacturers, pharmacy benefit managers, and health insurers on rebates, pricing, ownership interests, 340B savings, premiums, claims, and related data. Nelson argued the reporting was needed to give lawmakers better information about how the 340B program affects hospitals, insurers, pharmacies, and public costs, and noted the Department of Corrections also benefits from the program. Testimony was mixed but generally supportive of more transparency. Sanford Health Plan said it needed more time to review carrier impacts and had concerns about employer-related language and rebate reporting. The North Dakota Hospital Association supported hospital transparency and said the broader approach was appropriate because hospitals are only one part of the 340B system. Several members raised procedural concerns about the scope of the proposal and the lack of a drafted LC amendment. The committee decided not to take final action on the 340B proposal that day, instead forming a subcommittee led by Representative Hendricks, with Representatives Dobervich and Bolinske, to work with LC and return with drafted language for further review on Monday.

Transcript Highlights:

• And what I wanted to convey to you is that through that effort we realized that those data can be split
• And so, we have a contracted actuary who goes through and analyzes all of our documentation, payments
• And so, we have a contracted actuary who goes through and analyzes all of our documentation, payments
• <02:45:30.440> to<02:45:31.040> the have a greater impact on payment to the have a
• greater impact on payment to the fund. fund. fund.

Keywords: 916, all

Transcript Highlights:

• President, different extenders, because of different timetables for payment, have different amounts in
• But more because certain payments are due. Through you, Mr.
• PRESIDENT, IT It would not always be a requirement there be some issue of payment.
• Or the payments are being otherwise made? >> I'll clarify, Mr.
• Standard terms in a mortgage don't normally allow for foreclosure absent a default in payment.

Keywords: 993, senate, all

Summary: The Senate opened with routine formalities, approved the journal, welcomed a SkillsUSA student delegation, and then moved into budget and policy business. The chamber accepted a Rules Committee report and took up a supplemental budget extender, Senate Print 9963, which would extend state operations through April 22 and authorize $12.7 billion, including about $5.1 billion in new funding for Medicaid, payroll, and school aid. Senator O’Mara questioned the delay in the budget, the lack of public detail, and unresolved issues such as CLCPA changes, auto insurance, and SEQR reforms; the sponsor said negotiations were ongoing and that school aid would likely build on the executive budget. The extender passed 57-1, with Senator Weik voting no. The Senate then adopted Senate Resolution 1887, sponsored by Senator Brisport, memorializing the Governor to proclaim April 2026 as Arab American Heritage Month. Senators Brisport, Fahy, Salazar, and Gounardes spoke in support, emphasizing Arab Americans’ cultural, civic, and economic contributions in New York and condemning anti-Arab and anti-Muslim bias. The resolution was adopted by voice vote and opened for co-sponsorship. The chamber next considered several bills on the calendar, including a bill by Senator Cleare to prohibit state-chartered financial institutions from investing in private correctional facilities. Supporters framed it as a moral response to private prisons and rising federal use of detention facilities, while opponents argued it would overregulate state-chartered banks and affect private investment decisions. The bill passed 36-22. The Senate also passed a bill by Senator Krueger raising the nonprofit lobbying disclosure threshold from $5,000 to $10,000, after debate over transparency and whether the change would reduce oversight; it passed 35-23. Finally, the Senate passed Senator May’s bill on advanced transmission technologies and utility planning, after extensive debate over ratepayer costs, battery storage, and data center growth; supporters said it could lower energy costs through more efficient grid use, while opponents said it would raise rates and duplicate existing studies. The bill passed after being restored to the non-controversial calendar.

Transcript Highlights:

• If there's going to be a payment withhold, a payment stop, they should have an understanding as to why
• a<00:59:14.000> payment<00:59:14.319> stop,<00:59:14.960> they a payment withhold
• , a payment stop, they a payment withhold, a payment stop, they should<00:59:15.359> have<00:59
• Maybe that temporary payment withhold.
• I think that's related payment limits.

Keywords: 918, senate, all

Summary: The committees resumed discussion of amendments to a bill dealing with licensing moratoria, change-of-ownership rules, and related provider oversight issues. Amendment A8 would prevent a licensing moratorium for certain intermediate care service settings from blocking a new license when the change is due to a change of ownership, including temporary licenses and transitional licenses. Department of Human Services staff said they were still reviewing the language but explained the department’s concern was maintaining program integrity and ensuring owners go through full change-of-ownership review so the agency can see who owns a provider and check compliance history. Senators supporting the amendment argued it would keep legitimate businesses from being harmed by a moratorium and could help preserve providers when ownership changes or family members take over after a death. A8 was adopted on a roll call, with both committees voting in support. Amendment A9, also on the moratorium topic, would exempt a change of ownership from the moratorium so long as it does not increase license capacity or service scope. The department said it needed more analysis to avoid unintended consequences, but the amendment was added to the working bill. Amendment A10 proposed a more detailed, data-driven framework for the moratorium and included a provision about refunds after implementation; department staff said the language would add cost and would require technical assistance, while senators emphasized the need to address licensure backlogs and avoid making provider delays worse. A10 was approved by the committees, though not unanimously. Amendment A11 would have set standards for how the commissioner designates provider types or program areas as moderate or high risk, with added transparency criteria. The department said the commissioner already has that authority and raised concerns about federal requirements and the state’s corrective action plan, and Senator Hoffman withdrew the amendment. Amendment A12, offered by Senator Fateh, would preserve remote supports by removing bill language that repealed the service and would add safeguards for remote overnight supervision, including staffing ratios to ensure emergency response times can be met. Several senators supported keeping remote services as an important, cost-effective option amid workforce shortages, while the department said it had program integrity concerns and supported the governor’s proposal to remove the service. The committee nevertheless advanced A12, with members noting the need to balance safety and integrity with access to services.

Transcript Highlights:

• We make the payments directly to the utilities or the energy provider.
• We make the payments directly to the utilities or the energy provider.
• There's a bill payment component.
• There's a bill payment component.
• There's a bill payment component.

Bills: SB8

Keywords: utilities, public service commission, energy regulation, appointment, emergency declaration, tax increases, consumer protection, Meeting Start 00:00:00 Attendance Roll Call 00:00:51 Approval of Minutes 00:02:07 Legislator Comments 00:02:18 LIHEAP Public Hearing 00:04:19 PSC Update on RS 26 SB 8 00:32:18 WaterStep Presentation 01:04:08, 958, all

Transcript Highlights:

• It mediates disputes about injuries and benefits issues, penalties for late benefit payments to injured
• in a timely manner um benefits payments in a timely manner um it<00:16:17.600> mediates<00:16
• to those workers who were deserving, with the need to prevent payments to ineligible applicants.
• The need for quickly getting payments to those workers who were deserving, with the need to prevent payments
• Can you tell us what you've been doing and how much you've recouped in inappropriate payments?

Keywords: 1187, senate, all

Summary: The committee met under a new Senate power-sharing arrangement with co-chairs, began with member and staff introductions, and then received a jurisdiction overview from Senate counsel. The overview explained that the Labor Committee’s jurisdiction has not changed from the previous biennium and covers fair labor standards, minimum wage, workers’ compensation, occupational safety and health, and related agencies and boards such as the Department of Labor and Industry, Bureau of Mediation Services, PERB, and the Workers’ Compensation Court of Appeals. It also noted that some topics, including paid leave, fall under other committees, while earned sick and safe time remains within Labor and Industry jurisdiction. Commissioner Nicole Blissenbach and Josiah Moore then gave a detailed Department of Labor and Industry presentation. They reviewed the department’s funding sources, emphasizing that workers’ compensation funds and construction codes/licensing revenues make up most of the budget, while the general fund is a small share. They described the department’s major divisions, including workers’ compensation, construction codes and licensing, labor standards, nursing home workforce standards, and OSHA consultation and compliance, and highlighted practical examples of their work. Examples included return-to-work assistance for an injured worker, compliance training that reduced penalties for self-insurers and claim administrators, and use of the Special Compensation Fund when an employer lacked workers’ compensation insurance. The labor standards section highlighted enforcement actions involving unpaid overtime, pregnancy and parental leave retaliation, wage deductions, and child labor violations, along with totals for 2024 collections and inquiries. The presentation also noted the Nursing Home Workforce Standards Board’s adopted rules, the expansion of construction licensing exams statewide, and OSHA consultation programs such as Min-SHARP and MINSTAR, including a Minnesota employer that recently achieved MINSTAR status. No votes or formal committee actions were taken in the portion provided.

Transcript Highlights:

• The hospital is the highest recipient of Medi-Cal supplemental payments.
• Is it the loan payments? What is it?
• Is it the loan payments? What is it?
• Well, obviously, I'd like to know about the payment terms.
• Well, obviously, I'd like to know about the payment terms.

Keywords: 987, senate, all

Summary: The subcommittee heard Assembly Bill 108, a budget bill junior that would amend the 2025 Budget Act to provide a one-time $25 million General Fund grant program through HCAI for hospitals in immediate and significant financial distress. Finance explained that eligible hospitals would need to show less than 10 days cash on hand, best efforts to exhaust other financing, a payer mix of more than 50% government payers and uninsured patients, and nonprofit status. The bill also included a technical change related to property tax deferments for eligible low-income seniors, plus expedited contracting and rulemaking authority so HCAI could move funds quickly. Most of the discussion focused on whether the amount and eligibility standard were sufficient, how many hospitals might qualify, and whether the state was addressing the underlying causes of hospital distress. Members raised concerns about limited and lagging data, the 10-day threshold, fairness compared with the earlier Distressed Hospital Loan Program, and whether hospitals receiving grants should be required to maintain services. Several members cited broader pressures such as Medi-Cal reimbursement rates, seismic retrofit costs, federal policy changes, and the need for loan forgiveness or a more comprehensive hospital support plan in the next budget cycle. The LAO noted that the bill was intentionally narrow and short-term, while the administration said the grant was meant as a bridge until July 1 and that more extensive discussions would continue with the May Revision and the 2026 budget. Public commenters from the California Hospital Association, district hospital leaders, Children’s Hospital Los Angeles, and county representatives supported the measure and urged additional longer-term funding for distressed hospitals. After discussion, Senator Richardson moved the bill, the committee voted unanimously in favor, and AB 108 passed 18-0, with the roll held open briefly to secure remaining votes.

Transcript Highlights:

• Currently you can use gross income to qualify, but then you use net income to determine your payment.
• My legislation will address the main reason of the SNAP payment errors that we're finding.
• That's the main driver<00:05:03.440> of<00:05:03.759> this<00:05:04.000> payment
• <00:05:05.199> And<00:05:05.440> as driver of this payment error.
• And as driver of this payment error.

Keywords: 919, house, all

Summary: Representative Nolan West and Representative Pam Oldenorf introduced and defended a bill aimed at tightening Minnesota SNAP eligibility rules. They said the measure would move the net income test to the front of the application process, add asset testing similar to other state programs, and exclude vehicles over $100,000. They argued these changes would reduce overpayments, improve “good governance,” and help the state avoid future financial penalties tied to SNAP error rates. Oldenorf said Minnesota’s SNAP error rate has risen from about 4% in 2013 to about 9% now, and warned that if it stays above 6% the state could owe about $86 million in 2027. She cited a GAO report saying broad-based categorical eligibility is a major driver of payment errors, and pointed to examples she described as fraud or improper enrollment, including a millionaire receiving benefits and a recent Minneapolis SNAP fraud conviction. West and Oldenorf said the bill would not significantly increase county workloads, because counties already do similar eligibility and asset checks in other programs. In response to questions, the sponsors said they had not yet formally consulted many stakeholders because the bill had just been drafted, but they expected bipartisan support and said they had reached out to counties for input. They also said counties would retain some administrative costs, but the bill should not add major new burdens. The discussion then shifted to a separate topic when West raised concerns about access to Hennepin County voter rolls and alleged irregularities in voter data; he said he had obtained some county records and believed the Secretary of State was improperly limiting access, though no bill action or vote was taken on that issue in this transcript.

Transcript Highlights:

• enrolling with Medicaid or continuing to receive payments.
• The court found that there was no basis for the client to not have the payments flow forward.
• The contempt judgment had nothing to do with their decision to stop payments.
• They stopped payment on people. And in his case, it didn't restart in the summer.
• MDE knows there's concern, and they start trying to cut off payment.

Transcript Highlights:

• Some of you are familiar with payments in lieu of taxes, and that's a program that exists to help offset
• So that's shifted by 90% in the current year payment and then 10% of the cleanup payment, and then you
• House File 2786 would put tighter controls on grants and payments to nonprofit organizations.
• However, MDE continued to approve and authorize payments to Feeding Our Future.
• My proposal here would be to hold them harmless the first year with a one-time payment, but let them

Bills: HF51, HF1161, HF2201, HF2786, HF1053

Keywords: HF51, Sibley County, State-Aid Highway 21, capital investment, bonding bill, general obligation bonds, transportation infrastructure, road improvements, sanitary sewer, water main, storm sewer, local infrastructure, county grant, Minnesota Department of Transportation, bond proceeds fund, public works, utility infrastructure, education finance, school district funding, tax base adjustment

Transcript Highlights:

• The PACE organizations are paid a monthly per-member, per-month capitation payment.
• The upper payment limit, referred to as a UPL, is the maximum upper payment limit for PACE organization
• We always pay below the upper payment limit, and that's actually a CMS regulatory requirement.
• That is the cap, and CMS requirements require the PACE payments to be below that UPL cap.
• facility payment of $1,722.43, to appropriately cover dental procedures.

Summary: The Appropriations Committee on Health and Human Services heard a base budget overview for the 2025-26 fiscal year, which was presented as a $46.8 billion starting point for the silo. Staff explained that HHS accounts for about half of the state base budget and roughly 36% of general revenue, with AHCA and Medicaid making up the largest share. The committee then reviewed the PACE program for the elderly, including its eligibility, service model, growth in applications, slot funding and reversions, and the agency’s plan to move from the federal three-way agreement to a more detailed two-party contract to improve accountability, transparency, and reporting. Members raised concerns about unfilled slots, reversions, rural access, and the need for clearer return-on-investment data; the agency said it would follow up on some of those questions. The committee also heard from the Agency for Persons with Disabilities on its statewide dental program. APD described its history of appropriations, the failed January 2024 solicitation, and a new up-to-$11.5 million solicitation focused on preventive care, community partnerships, teledentistry, and coordination with other services. Members questioned overlap with Medicaid dental coverage, the effect of Medicaid unwinding on APD clients, and whether state dollars were duplicating federally supported services; APD said it tries to act as payer of last resort and that services would continue during procurement. Public testimony from an APD stakeholder and the Florida Dental Association emphasized Medicaid eligibility problems for waiver recipients, low reimbursement rates, limited access to anesthesia and hospital-based dental care, and concerns that proposed Medicaid changes could reduce access for special-needs patients. The Department of Veterans’ Affairs then presented on state veterans service officers and benefits assistance. FDVA highlighted its role in helping veterans access federal benefits, reporting about $27.9 billion in federal dollars flowing into Florida and a high return on state investment. The department said it has increased outreach, claims processing, and services, and has trained staff to identify mental health concerns through its Overwatch program. In response to questions, FDVA discussed plans to expand adult day health care at a new veterans nursing home and possibly at existing locations with additional state funding. At the end of the meeting, the committee completed its presentations and adjourned without objection.

Transcript Highlights:

• I encourage agency or making a payment.
• It also pay taxes on those payments.
• It clarifies that payments targeted way.
• year in total child support payments. year in total child support payments.
• <04:50:40.320> were program, and over 5,000 payments were program, and over 5,000 payments

Keywords: U.S. House of Representatives Floor Proceedings on Monday, April 27, 2026, 1012, house, all

Transcript Highlights:

• response to federal House Resolution, or H.R. 1, including funds to mitigate the state's CalFresh payment
• Including funds to mitigate the state's CalFresh payment error rate, funds to support local food banks
• The MOU and parity package include one-time stabilization payments for represented and non-represented
• child care providers, a one-time cost-of-living adjustment catch-up payment for represented providers
• The time is now to stop. ...and H.R. 1, and funding to address the CalFresh payment error rate.

Summary: The Assembly Budget Committee held an informational hearing on the September budget package, which included SB 105 and a series of trailer bills covering health, human services, education, resources, child care, transportation, labor, public safety, housing, revenue, background checks, collective bargaining, and a special election. The Department of Finance described the package as largely technical and clarifying, but also responsive to state and federal changes, especially H.R. 1. Key items included roughly $3.3 billion in Proposition 4 climate and environmental spending, $540 million in discretionary greenhouse gas reduction funds, and major responses to H.R. 1 such as CalFresh error-rate mitigation, food bank support, and Medicaid-related changes. Other notable provisions included vaccine policy flexibility, an Abortion Access Fund, a gender-affirming care program, community college basic-needs and aid changes, CEQA and coastal permit exemptions tied to the 2028 Olympics, invasive mussel prevention funding, a civic media program, labor and pension-related provisions, and special election administration changes. Members raised questions and concerns about several parts of the package. There was support for climate, water, transit, offshore wind, food security, and health investments, but also significant criticism of the lack of cleanup language for SB 131 and its advanced manufacturing exemptions, with multiple members saying promised fixes had not materialized and expressing concerns about tribal consultation, labor standards, and environmental protections. Members also questioned the scale and timing of some Proposition 4 allocations, including fairground upgrades, regional conveyance, and a UC Davis alternative protein research center. The Department of Finance said some programs would roll out over time and that certain funding levels reflected current implementation capacity. The hearing also featured discussion of Bay Area transit financing, with Finance saying SB 105 directs the department and CalSTA to examine loan or other financing options rather than immediately providing loans. Members and public commenters also discussed the state’s response to H.R. 1, with advocates supporting food bank, health care, and immunization provisions while warning of ongoing harm to immigrants, foster youth, and other vulnerable groups. Public testimony broadly supported the health, food, water, offshore wind, and golden mussel provisions, while many speakers echoed legislative concerns about SB 131 and urged cleanup action in the next session. No votes were taken because the hearing was informational only, though the chair noted votes on the bills were expected later that night or the next morning.

Transcript Highlights:

• Payments, employees, school districts, and retirees all stepped up and agreed, by way of the 2010 shared
• employees school districts and payments employees school districts and retirees<00:10:29.519> all
• The state would be out of the business of doing the medical insurance payments, put all your payments
• <00:21:44.159> put doing the medical insurance payments put doing the medical insurance payments
• > the<00:21:45.480> pension<00:21:46.159> no all your payments toward the pension

Keywords: Meeting Start 00:00:00 Roll Call 00:00:05 HB 545Discussion 00:00:40 HB 545 Vote 00:01:35 HJR 54 Discussion 00:02:25 HJR 54 Vote 00:03:10 HB 694 Discussion 00:03:42 HB 694 Vote 00:28:25, 958, all

Summary: The committee met with a quorum and first took up House Bill 545, a routine claims bill. Representative Tim Truett explained it as a measure to pay debts the Commonwealth owes. The bill received a motion, a second, and a roll call vote, and passed with favorable expression and no nay votes. Members then considered House Joint Resolution 54, which related to the Kentucky State Fair Board’s expansion plan. The chair explained that the resolution simply acknowledged receipt and approval of the plan so previously appropriated funds could be released. The resolution passed by roll call with no nay votes and was reported favorably to the floor. The main discussion centered on House Bill 694, concerning the Kentucky Teachers Retirement System medical insurance fund and the 2010 “shared responsibility” agreement. The bill would redirect employer contributions from local districts from the health side to the pension side once the plan reaches 100% funded. The chair and Senator Givens argued the bill was a continuation of the state’s long-term commitment to TRS and taxpayer responsibility, while Senator Neal raised concerns about fairness, the timing of the change, and whether the original agreement and statutory trigger for TRS board recommendations had been honored. Testimony from KEA President Eddie Campbell and former Jefferson County Teachers Association president Brent McMahan supported the 2010 agreement but urged the committee to pause the bill, saying the parties should return to the table and that the current proposal could conflict with the original understanding, create actuarial and legal issues, and potentially affect school district finances and bond ratings. Despite those concerns, the committee voted 8-1 to pass House Bill 694 with favorable expression, with Senator Neal voting no and explaining his objection as a process and good-faith concern.

Transcript Highlights:

• I think it's called the Payment Stablecoin Act, and that bill has been worked on since earlier 2024,
• <00:14:07.079> the<00:14:07.240> payment<00:14:07.600> stable<00:14:08.519> stable
• <00:14:08.959> coin payment the payment stable stable coin payment the payment stable stable
• <03:44:11.319> system<03:44:12.120> Hospital the inpatient payment system Hospital
• hardship whatsoever I worked out payment hardship whatsoever I worked out payment plans<05:13:34.320

Keywords: 928, house, all

Summary: The House Commerce Committee opened a public hearing on House Bill 310, sponsored by Representative Keith Ammon, which would create a study commission to develop a legal framework for stable tokens and tokenized real-world assets. Ammon described stable tokens as blockchain-based digital tokens backed by U.S. dollars or treasuries, and tokenized real-world assets as representations of ownership in items such as gold, real estate, or artwork. He said the bill is intended to help New Hampshire get ahead of emerging financial markets while waiting to see how federal legislation develops. Committee members asked about the purpose of the bill, the difference between this proposal and Bitcoin, whether state regulation could be preempted by federal law, and whether the commission could be balanced and avoid becoming a vehicle for fraud or money laundering. Ammon said the proposal is blockchain-agnostic, could apply to multiple networks, and is meant to regulate asset-backed tokens rather than create a state-issued coin. He emphasized that the state would not be guaranteeing the underlying assets, but would set rules requiring audits, proof of reserves, and honest representation of backing, with the Secretary of State’s securities office involved in oversight. Several members raised concerns about the risks of stablecoins, including money laundering, tax evasion, and possible harm to the dollar or confusion about whether the state was endorsing a new currency. Ammon responded that the bill would not undermine the dollar and argued that tokenization could actually expand demand for U.S. currency by making it easier to use globally. He also said the state would not be in the business of weighing assets or directly valuing them, only ensuring a valid audit trail and one-to-one backing. The discussion ended with general agreement that the subject is complex and that a commission could help develop future legislation, but no vote or final action was taken in the hearing.

Transcript Highlights:

• This is supported by workers' comp payments made by employers. Next item is B4.
• As we've said before, the payment distribution in this particular grant program is different from anything
• been completed in phases, and as that construction takes place and is certified to our office, then payments
• But we have the appropriation in that line to make those payments that we're talking about right now.
• Number nine is DHS with ERISA Health and amends an existing contract for board payment for children in

Keywords: 1204, all

Transcript Highlights:

• So what are those lease payments? How much have we paid in lease since April of 2025?
• The bulk of the rest of the transfers are our weekly transfers for the nursing home payments.
• It also depends on some quarterly payments that will be made.
• It also depends on some quarterly payments that will be made. it changes almost every week.
• It also depends on some quarterly payments that will be made and some end-of-the-year payments.

Summary: The committee considered a series of appropriation, fund transfer, and reserve requests across multiple agencies. Section B temporary appropriations included funding for state technology upgrades, personnel management staffing and IT skills assessment, court reporters and interpreters, crime victim claims, juvenile sex offender assessments, radiation lab testing, and higher education workforce grants and credentialing pathways. Additional items covered an ARPA grant for the University of Arkansas Fort Smith LPN program, an IIJA grant for the Oil and Gas Commission’s critical minerals work, a restricted reserve transfer for State Police vehicle purchases, a transfer to the Arkansas Heroes Program, and cash fund requests for the Real Estate Commission’s AV system and HVAC work. Most of these items were approved by voice vote. One budget classification transfer request from the Commissioner of State Lands drew extended questioning and was ultimately not approved. Members questioned the $250,000 transfer to operating expenses tied to the purchase of a West Little Rock office building, the ongoing lease costs at the prior location, and whether the agency had adequately planned for building-related expenses. After discussion, the motion failed, and members told the agency to tighten spending and return if needed. The committee then took up 15 pay plan appropriation requests totaling $25.7 million and approved them after discussion with DFA, DHS, Corrections, and the State Board of Election Commissioners. Members focused heavily on DHS staffing shortages at human development centers, where officials said vacancies and turnover were driven by overtime and burnout rather than pay alone; one member asked DHS to submit a written plan to address the issue. Corrections reported the pay plan had improved hiring and retention. The committee also approved overtime appropriations for Emergency Management and Military. Reports on reserve funds, the Budget Stabilization Trust Fund, tobacco settlement, State Central Services, Education Adequacy, Medicaid Trust, IIJA, and revenue transfer activity were received. The Medicaid Trust Fund report prompted significant concern about February’s $90 million draw; DHS said the month was unusually high because of cash-flow timing and that the fund should end the year with a balance between $150 million and $200 million, while lawmakers noted a second $100 million set-aside is planned for FY27. The final discussion centered on DHS’s state hospital damage claim and reconstruction funding, where members expressed disappointment that insurance reimbursement would likely return only about $1.8 million now and possibly about $97,000 more later, far less than the roughly $5 million initially expected. DHS explained the policy was based on actual cash value and depreciation for old buildings, and said the work would proceed on Unit 3 for secured restoration because it was the most cost-effective option.