Video & Transcript Research : 'majority threshold'

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FL
Transcript Highlights:
  • We had a major cyberattack in Stuart in Martin County just a year and a half ago, and it created a major
  • Major, major problem.
  • This bill changes voting thresholds so that public unions, D or recertification elections require a majority
  • Because none of us would be sitting here if that were the voting threshold.
  • If they want their union to survive, they just got to have a majority vote. That's it.
Summary: The committee took up several bills and confirmations. It reported favorably SB 332, as amended, on a narrow public-meetings/public-records exemption for legal strategy and settlement communications during the pre-suit period in Burt Harris claims; SB 464, requiring K-12 schools to formally observe Veterans Day; SB 984, clarifying firefighter cancer/death-benefit provisions and related prevention language; SB 576, expanding and codifying the local government cybersecurity protection program under Florida Digital Service; SB 964, revising how certain gifts and honoraria are reported to the Commission on Ethics; SB 1612, requiring local governments to accept electronic payments with exceptions and a delayed effective date; SB 830, creating public-records exemptions for certain local government administrators and their families; SB 1096, clarifying the filing deadline for Florida Civil Rights Act complaints; and SB 1656, designating the SS American Victory as Florida’s official state flagship. The committee also considered a large confirmation package. Jeffrey Aaron’s appointment to the Public Employees Relations Commission was discussed separately after Senator Polsky raised concerns about his political connections and prior work; the committee still recommended him favorably. The remaining appointees on tabs 12 through 30 were also recommended favorably in one vote. The longest and most contentious item was SB 1296, with a committee substitute, on the Public Employees Relations Commission and public-sector unions. The PCS would change union certification/recertification rules, require a recent showing-of-interest form, create different voting thresholds for public safety and non-public safety employee organizations, limit paid union leave for non-public safety unions unless reimbursed, require equal access to certain employer communication spaces, and speed up impasse procedures for legislatively funded salary increases. Senators raised constitutional concerns, especially about the single-subject rule and collective-bargaining rights, and many speakers opposed the bill as union-busting and harmful to teachers, bus drivers, nurses, utility workers, and other public employees. Supporters argued it would improve accountability, ensure genuine member support, and prevent taxpayer-funded union activity. The committee continued debate on SB 1296 after extensive testimony, but the transcript ends before a final vote on that bill.
WY

Wyoming 2026 Regular Session

House Travel, Recreation, Wildlife & Cultural Resources Committee, February 17, 2026

Travel, Recreation, Wildlife & Cultural Resources

Transcript Highlights:
  • Do they cross the threshold or not? Which is a two-thirds threshold. So it'd be two-thirds.
  • Members of the committee, Dixie Hoxtable, Converse County Assessor. threshold of it.
  • Appreciate that, Mr. threshold of it. Appreciate that, Mr.
  • And so, but so we do take a vote and it is a majority vote typically is what we go by.
  • we do take a vote and it is a majority we do take a vote and it is a majority vote<00:20:15.440>
MN

Minnesota 2025-2026 Regular Session

Committee on Elections - 02/13/25

Elections

Transcript Highlights:
  • ensuring the winners have majority ensuring the winners have majority support<00:02:39.640> or
  • or somebody achieves a majority.
  • majority or somebody achieves a majority majority or somebody achieves a majority it<00:25:57.240
  • And the majority, the 50% plus one threshold that is achieved, is of a smaller number because in each
  • the 50% plus one cast and the majority the 50% plus one threshold<01:04:08.000> that<01:04:08.119
Keywords: 1187, senate, all
FL

Florida 2026 Regular Session

Regulated Industries Jan 14th, 2025

Regulated Industries

Transcript Highlights:
  • Condos are, the overwhelming majority, woefully underfunded.
  • The majority are woefully underfunded.
  • And I think this is one of the major concerns.
  • Adequate funding could be threshold. It could be baseline. It could be full.
  • I think a vast majority of communities did this and see the value of it.
Summary: The committee on Regulated Industries convened with a quorum and began a panel discussion focused on condominium milestone inspections and structural integrity reserve studies (SIRS), with members framing the topic as part of Florida’s post-Surfside condo safety reforms. The chair and panelists reviewed how the state got here, emphasizing that the problems predated Surfside and were driven by long-term deferred maintenance, underfunded reserves, and aging buildings. Panelists included representatives from Florida Realtors, engineering and reserve-study firms, a CPA, a community association attorney, and Broward County’s building safety official, all of whom described their roles in inspections, reserve planning, and code enforcement. Testimony centered on what inspectors are finding in the field. Panelists said the most common problems are not subsidence but wear-and-tear and maintenance failures, especially in stairways, balconies, roofs, parapet walls, waterproofing, and corrosion. They described examples of buildings with hidden deterioration, hurricane-exposed damage, and associations that were underfunded despite prior inspection regimes in Miami-Dade and Broward. Dr. Barbosa explained that Miami-Dade’s recertification program began in the 1970s and Broward’s in 2005, with current timelines generally requiring notice, a first milestone review, and then time to begin substantial repairs; she said the program has improved compliance but that SIRS has added confusion. Members also raised concerns about the cost and implementation of SIRS, including whether reports are being used to generate unnecessary work, whether contractors or firms have conflicts of interest, and whether the law’s use of “fully funded” is being misunderstood. Panelists said the statutory reserve requirement is better understood as baseline funding, not having all money in the bank immediately, and suggested clearer definitions and possibly changing the terminology to “adequately funded.” They also discussed the need to separate required structural items from optional or cosmetic items in reserve reports, improve transparency for buyers and lenders, and ensure associations provide documents through websites and other portals. No votes were taken. The committee used the meeting as an information-gathering session and signaled that more panels and discussion would follow, with members and witnesses agreeing that the state may need further clarification, education, and possible statutory adjustments to reduce confusion while preserving building safety.
NH

New Hampshire 2026 Regular Session

Senate Commerce (01/20/2026)

Commerce

Transcript Highlights:
  • exemption threshold to 50 units. exemption threshold to 50 units.
  • of the provisions of the majority of the provisions of the condominium<00:20:26.480> act,<00:
  • And so I think when we're thinking about the right way to do this, you know, is raising the threshold
  • So, I only looked at 50 and above and used that as my threshold.
  • But if it and used that as my threshold.
Keywords: 1191, senate, all
TX

Texas 89th 2nd C.S.

Ways & Means Mar 31st, 2025

Ways & Means

Transcript Highlights:
  • While the largest members of the beer industry are moving a majority of their products through chain
  • retailers such as HEB and convenience stores that operate on a product scanning system, the majority
  • Threshold, um, but, uh, maybe in future legislation, but this is just about the lease agreement.
  • This is the major portion of what we base our tax base on. Members, any questions? Very good.
  • Um, and that's the reason why we put the 125% threshold.
MN
Transcript Highlights:
  • And the majority of these are all as they were when the House bill left the floor, with a minor date
  • > all<00:15:07.160> as<00:15:07.400> they<00:15:07.600> were majority of
  • Klayman, because he did not remember if they put a threshold in here for the Minnesota sales.
  • of 250 million in make hit the threshold of 250 million in domestic<00:52:30.400> sales?
  • <00:53:43.200> For kind of like a threshold, right? For kind of like a threshold, right?
Keywords: 1183, house
TX
Transcript Highlights:
  • Um, the, the existing rule defines the principal purpose, uh, at a 25% threshold of political spending
  • The adjusted threshold for codifying the TEC rules and voting to publish these changes to the thresholds
  • what we're proposing in a Inflation adjustment as required by law to every one of the reporting thresholds
  • You see, the majority of the packed communication flowed through my former employer-provided email.
  • Uh, that $10,000 is the vast majority of her remaining outstanding fines. Thank you. Ms. Giles.
TX

Texas 89th 2nd C.S.

Intergovernmental Affairs Apr 8th, 2025

Intergovernmental Affairs

Transcript Highlights:
  • And even if we get a majority of the properties, the hotel properties, to agree to that assessment.
  • various sections of the Education Code and the Local Government Code to adjust the expenditure thresholds
  • The bill aims to modernize these thresholds to better reflect current economic conditions and operational
  • It increases the threshold for school district contracts requiring competitive procurement from $50,000
  • That threshold for purchases made by municipalities under that section of code was last updated in 2007
Bills: HB158
ND

North Dakota 2026 1st Special Session

Legislative Management Jun 11th, 2026

Legislative Management

Transcript Highlights:
  • He was a member of the majority party in the House, and the House majority is entitled to And the House
  • majority is entitled to replace him.
  • I'll let Representative Bosch explain the results of that sort of informal election on the House majority
  • They don't have to meet that 25% threshold, but they have to use a base year to collect applications.
  • You only get to claim, you get to, you get to, you get That's the threshold.
Summary: The Legislative Management Committee met to fill a vacancy created by Representative Jared Hagert’s resignation, and the House majority recommended Representative Berg to replace him on the committee. The motion to appoint Berg was approved unanimously. The committee then took up its assigned task of estimating the fiscal impact of Initiated Constitutional Measure No. 3, the school meals measure, which would require public schools, and optionally nonpublic and tribal schools, to provide breakfast and lunch at no cost to students and reimburse schools through state funds after federal reimbursements are maximized. Legislative Council’s Liz Fordall summarized the measure’s requirements and answered questions about implementation, including the 2027-28 start date, the measure’s interaction with the Legacy Earnings Fund, and the fact that the Legislature would still control the funding source. DPI’s Linnell Johnson then testified at length on current school meal programs, direct certification, CEP and Provision 2 participation, and likely behavioral changes if the measure passed. She estimated the biennial fiscal impact at $124 million to $134 million, with an additional roughly $300,000 in administrative costs, and explained that the estimate assumed higher participation and some schools shifting to CEP/Provision 2 to preserve federal reimbursements. She also noted that if no new applications were filed in non-CEP schools, the cost could be substantially higher. After discussion, Senator Sorvaag moved to report a fiscal impact range of $124,300,000 to $134,300,000 per biennium to the Secretary of State, and the motion carried. The committee also received an informational update from Legislative Council attorney Dustin Richard on the ongoing redistricting litigation, explaining that the U.S. Supreme Court vacated the Eighth Circuit’s prior ruling and remanded the case for further consideration in light of Louisiana v. Callais, leaving the court-imposed map in effect for now. No action was required on that item, and the meeting adjourned after a brief note that the prior minutes would be brought back at a later meeting.
FL

Florida 2026 Regular Session

Finance and Tax Nov 5th, 2025

Finance and Tax

Transcript Highlights:
  • The next chart shows voting thresholds for what millage rates you can adopt by what vote.
  • If you want to levy what you adopted last year, you'll need a majority vote.
  • You'll need a majority vote.
  • If you want to go higher still, there's an even higher voting threshold that you need to meet.
  • So there are voting thresholds in place.
Summary: The Senate Committee on Finance and Tax met for its first meeting of the session, with a quorum present and several members excused. Chair Avila opened by framing the committee’s main focus as property tax relief and housing affordability, noting the complexity of any changes to Florida’s long-standing property tax structure and emphasizing the need to preserve funding for schools and local public safety. He also introduced new committee staff member Tamisha Black and thanked staff for summer work supporting analysis of potential proposals, including constitutional amendment concepts and other property tax relief ideas. Staff director Azar Khan then presented an update on the General Revenue forecast, explaining that collections remained above estimate but at a slower pace than the prior year, with recent economic indicators slightly weaker than earlier forecasts. He said the new forecast mostly reflected modest adjustments, with a notable share of the increase coming from earnings on investment rather than the usual drivers such as sales tax or corporate income tax. Khan also gave a detailed presentation on ad valorem millages, explaining the different millage types used by school districts, counties, municipalities, special districts, and water management districts; the rollback rate; TRIM notice and hearing timelines; voting thresholds for adopting higher millages; and long-term trends showing millage rates declining over time even as total taxes levied have increased. Members used the presentations to discuss property tax relief options and the relationship between local property taxes and state revenue. President Passidomo praised staff and Senator Bernard’s summer work on proposals. President Gaetz asked about converting homestead property tax revenue to sales tax and was told the rough equivalent could be around a 2.8-cent sales tax increase, though with important behavioral and distributional caveats. Senator Rouson asked about the decline in corporate income tax estimates, and Khan said it likely reflected changes in national corporate profit expectations and collection patterns, promising a follow-up. The Department of Revenue’s Lizette Kelly confirmed that TRIM data, including adopted millages, rollback rates, and maximum millage calculations, are collected by jurisdiction and can be provided to the committee. No bills were taken up and no votes occurred beyond adjournment, which was adopted by motion.
MN

Minnesota 2025 1st Special Session

House DFL Media Availability 1/27/25

Minnesota House Floor Meeting

Transcript Highlights:
  • and the Minnesota House Republicans would like to continue to run the House as though they had a majority
  • So we're still working to achieve that major principle, and I'm just really glad that we're back at the
  • had a majority um after we're<00:01:43.520> tied<00:01:43.840> at we're tied at we're
  • <00:02:26.400> that get some bills to the threshold that get some bills to the threshold that
  • Republicans would function as a majority Republicans would function as a majority meaningful<00:
Keywords: 1183, house
Summary: On January 27, 2025, Speaker-designate Melissa Hortman and Representative D. Dibble said they had resumed negotiations after the Minnesota Supreme Court ruled that a quorum in the House is 68. They said the ruling brought Republicans back to the table and clarified that actions taken by Republicans between January 14 and January 24 had no legal effect because the House was not validly organized. Both said they had spent several hours over the weekend and that talks were making gradual progress, though no final agreement had been reached. The main issue remained power-sharing in a tied House. Hortman said the DFL wants Republicans to run the chamber only until the House returns to a 67-67 tie, at which point the parties would implement the previously negotiated shared-governance agreement with co-chairs, equal committee membership, and a co-speaker. She said Republicans instead want to continue operating as if they had a majority. Hortman also said the DFL was looking for ways to make the interim Republican-majority period meaningful, including possible permanent committee arrangements, while still preserving the principle of shared power once the tie is restored. A second major topic was the GOP effort to remove Representative Brad Tabke. Hortman and Dibble said Tabke had won his seat three times—on Election Day, in a recount, and in court—and argued that removing him would be an undemocratic precedent. They also said the Supreme Court’s ruling confirmed that Secretary of State Steve Simon was properly presiding over the House under the quorum rules. In response to questions about pay for absent members, Hortman said legislative pay is set by the Constitution and statute and that no action without a quorum could change it. They said they had exchanged roughly 10 written offers since January 13 and hoped to reach an agreement soon, possibly by the end of the week.
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 5th, 2026 at 04:07 pm

Senate Finance

Transcript Highlights:
  • The million-dollar threshold is consistent with a threshold that the federal government requires in a
  • Right now, many of the state agencies, maybe a majority of the state agencies, get federal dollars.
  • But that's the federal threshold. We didn't set it.
  • But that's the federal threshold. We didn't set it. The feds did. Okay.
  • the million-dollar threshold, and they get compiled into the next audit.
Bills: SB145, SB143
AR

Arkansas 2026 Regular Session

LEGISLATIVE JOINT AUDITING-COUNTIES AND MUNICIPALITIES Jun 4th, 2026

LEGISLATIVE JOINT AUDITING-COUNTIES AND MUNICIPALITIES

Transcript Highlights:
  • So, you know, you got to be going over that threshold.
  • So, you know, you got to be going over that threshold.
  • So, you know, you got to be going over that threshold.
  • It's up to date. '25, they did, they made all the, oh, the majority of it.
  • These are accounting majors.
Summary: The committee approved the prior meeting minutes and then received updates on delinquent water and sewer reports, including seven new reinstatements and a reduction to four remaining delinquent filers. Staff also reported on municipal accounting code noncompliance, removing Denning and Gum Springs from the 60-day clock after improved records were verified, and presenting repeat findings for Fargo, Lead Hill, Alma, Jericho, and Haynes. Members discussed repeated audit problems, the length of time some issues had persisted, and whether towns should be given additional time or face stronger action; motions were made and adopted to place some entities on a 60-day clock or defer action to later meetings. For Fargo and Alma, staff described extensive repeat accounting deficiencies, including missing budgets, bank reconciliations, financial statements, receipts, journals, and supporting documentation. Fargo’s mayor said the town had been understaffed and was beginning to improve its office systems; the committee voted to defer the matter for 60 days and file the report. Alma’s officials said they were trying to correct water audit and accounting issues, and the committee likewise deferred the matter to the August meeting while warning that water-audit delays could jeopardize turnback funds. The committee then reviewed misuse-of-street-funds findings for Jericho and Haynes. Jericho’s police chief and officials explained that traffic fines, drug-related arrests, and other citations had pushed the town over the statutory threshold, while staff clarified that the speed-trap calculation excludes certain add-on fines and is referred to the prosecuting attorney for any action. Haynes officials said repayment problems stemmed from lost revenue and staffing changes, including the loss of the police department, but staff reported the town remained behind on its repayment plan and also owed the IRS. The committee voted to defer the Haynes matter to September and to defer Jericho as well, with members emphasizing the need for consistency and possible broader legislative review of small-town viability. A special report on the Pulaski County Regional Solid Waste Management District drew substantial discussion. Staff cited findings involving board approval of payroll and contracts, credit card documentation, car allowances and personal vehicle use, competitive bidding, and unusually high advertising spending, as well as the sale of trailers and other equipment at low prices. The district director said the board had delegated authority for many expenditures, that personal use was reported for tax purposes, and that advertising was necessary to educate the public about recycling. Members questioned the procurement and disposal decisions and the size of the advertising budget; after discussion, the committee deferred the report to September and asked the director to return. The meeting also included brief deferred reports on Biggers, Gilmore, and Holly Grove, which were filed after local officials described ongoing efforts to resolve long-standing audit and tax issues.
MN

Minnesota 2025-2026 Regular Session

House Human Services Finance and Policy Committee 2/24/26

Human Services Finance and Policy

Transcript Highlights:
  • Right now, to meet that new threshold.
  • Um, with regard to the Medicaid error rates, um, the threshold is 3%.
  • My understanding is generally we've been under that threshold.
  • Um and there are different threshold.
  • So, can you tell me a majority counties.
Bills: HR1
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Veterans and Federal Affairs Jun 21st, 2026 at 01:00 pm

Joint Committee on Veterans and Federal Affairs

Transcript Highlights:
  • My co-chair, Major Velis, is on deployment.
  • My co-chair, Major Velis, is on deployment, so he will not be here.
  • Thanks to the leadership of House Assistant Majority Leader Pais and Senate Majority Leader Creem, these
  • I received more votes than the current majority leader of the U.S.
  • Congress can expel members with a simple majority.
Keywords: 995, all
Summary: The hearing of the Joint Committee on Veterans and Federal Affairs was opened by Chair Joe McGonagle and Vice Chair Senator Mike Rush, who noted that Chair John Velis was deployed with the Massachusetts National Guard. The chairs explained the hybrid format, three-minute testimony limit, live streaming, and filing deadlines, and said the committee would hear 11 House bills and eight Senate bills dealing with federal and overseas issues. Much of the hearing centered on competing resolutions about Article 5 constitutional conventions, along with related resolutions on D.C. statehood, child labor, Citizens United, and Cambodia. Supporters of H. 4692 and S. 284, a joint resolution to rescind all prior Massachusetts Article 5 convention applications, argued that old resolutions from the 1930s and 1970s could be used to count Massachusetts toward the 34-state threshold for calling a federal constitutional convention. Testifiers from Common Cause, the League of Women Voters, the ACLU, Reproductive Equity Now, labor groups, and others warned that a convention would have no clear rules, could not be reliably limited to specific topics, and could put civil rights, reproductive rights, labor protections, and other constitutional protections at risk. Several speakers also cited a recent federal lawsuit and said the safest course was to remove outdated applications from the books. A large opposing panel testified in support of H. 3888, a resolution calling for a Convention of States to propose amendments limiting federal power, imposing fiscal restraints, and establishing term limits. Supporters argued that Article 5 provides a lawful way to address federal overreach, debt, and congressional stagnation, and said the process would be limited by state applications and ratification by 38 states. Some committee members and witnesses raised concerns about a runaway convention, broad language in the resolution, and whether Congress could or should set rules for such a convention. Representative Gentile also testified in support of several related resolutions on overturning Citizens United, D.C. statehood, and the child labor amendment, while Representative Howard and Representative Tongue supported a Cambodia resolution condemning political oppression and urging free and fair elections. No votes or final actions were taken during the hearing.
HI

Hawaii 2026 Regular Session

SPEED Task Force (STF) - Wed May 27, 2026 @ 10:00 AM HST

Hawaii House Floor Meeting

Transcript Highlights:
  • And then, two, it reestablishes a quorum threshold to just the majority of members appointed, so long
  • The vast majority of our operating budget is staff.
  • For the majority of Lahina, we already have instream flow standards set.
  • Is that too blunt of a threshold?
  • What is kind of a threshold... What is kind of a threshold that they might consider? Okay.
Keywords: 910, house, all
MN

Minnesota 2025-2026 Regular Session

Committee on Capital Investment - 04/14/26

Capital Investment

Transcript Highlights:
  • :27:34.679> three Across our membership, we have three Across our membership, we have three major
  • Agriculture is a major part of Minnesota's economy, especially in northwest Minnesota.
  • Agriculture is a major part of Minnesota's economy, especially in northwest Minnesota.
  • HR1 lowered the threshold of tax-exempt HR1 lowered the threshold of tax-exempt bonds<00:37:48.800>
  • in state statute to the threshold in state statute to conform<00:38:00.120> with<00:38:00.280
Keywords: 1187, senate, all
FL

Florida 2026 Regular Session

Environment and Natural Resources Jan 27th, 2026

Environment and Natural Resources

Transcript Highlights:
  • Or that threshold. Thank you. Madam Chair, just one more question then on that.
  • Not quite sure where the fault line took place there, but clearly there was a major issue.
  • Very major issue.
  • Not quite sure where the fault line took place there, but clearly there was a major issue.
  • Very major issue.
Summary: The committee took up several environmental bills, beginning with SB 1682 on local administration of vessel restrictions. Senator Trumbull said the bill would give cities and counties tools to address abandoned, derelict, and long-term anchored vessels while following state standards and FWC guidance. Members from affected areas spoke in support, citing recurring derelict vessel problems and the difficulty and cost of removal once vessels sink. The bill was reported favorably. The committee then heard SB 1468 on advanced wastewater treatment, which would require DEP to compile a detailed statewide report on wastewater treatment plants, including construction age, treatment levels, contaminant data, spill history, flood risk, and receiving waterbody impairment information. Florida Rural Water Association testified that any move to require advanced treatment for all plants over one MGD could create major financial burdens without dedicated funding. The bill was reported favorably. The committee also considered CS/SB 1294 on biosolids management, with a strike-all amendment adopted. Senator Bradley said the revised bill would require bulk Class AA biosolids fertilizer and compost products to be land applied only at agronomic rates and, absent a bona fide sale, only at permitted DEP-approved sites, with a transition date moved to July 1, 2028. Supporters said it would protect water quality and legitimate fertilizer and compost markets, while rural utilities asked for funding and flexibility. The committee reported the bill favorably. Next, the committee took up CS/SB 1628 on net zero policies by governmental entities. Senator Avila said the bill would prohibit local governments and other governmental entities from adopting or funding net zero policies, imposing related fees or taxes, or operating cap-and-trade or carbon trading programs. The committee adopted an amendment clarifying the definition of carbon dioxide. The bill drew extensive debate: supporters argued it would protect residents and businesses from higher costs and preserve predictability, while opponents said it would block local climate and clean-energy policies, including electric buses, energy-efficiency measures, and climate resilience planning. After public testimony on both sides, the bill was reported favorably. The committee also approved CS/SB 1474 on biosolids management, which Senator Gates said would require biosolids and septage to be treated at the highest practical level when wastewater treatment facilities are reasonably accessible and would bar Class B land application within 50 miles of a permitted wastewater facility. An amendment applying the statutory definition of septage was adopted, and the bill was reported favorably. Finally, the committee heard SB 558 on stormwater system standards. Senator Burgess said it would create statewide standards for municipal and county stormwater systems using FDOT guidelines and third-party inspections, with an amendment making technical changes and broadening who may perform inspections. Supporters said uniform standards could improve safety and reduce failures, while contractors, engineers, and industry groups warned it could raise costs, delay projects, and preempt stronger local standards. The bill remained under discussion as the transcript ended.
KY
Transcript Highlights:
  • <00:31:32.000> We major impact those voting policies.
  • We major impact those voting policies.
  • <00:31:41.760> impacts we don't anticipate uh major impacts we don't anticipate uh major impacts
  • Uh and currently daily wage threshold.
  • Uh and those limitations wage threshold.
Summary: The meeting opened with the Pledge of Allegiance and prayer, followed by a roll call confirming a quorum and approval of the prior minutes. A special guest, Dave Eager, was welcomed before the committee moved to presentations from retirement system officials. Bo Craycraft, executive director of the Judicial Form Retirement System, gave a quarterly update on investment performance, asset allocation, and cash flow. He said the plans had held up well amid market volatility, with fiscal year-to-date returns above benchmark and long-term returns remaining strong. He explained that the plans are targeted to a 70% equity/30% fixed-income allocation, that some cash is being held for cash-flow management, and that negative cash flow is expected because of funding and contribution levels. He also said Senate Bill 183, dealing with proxy voting and economic analysis for certain votes, was not expected to materially affect the plans because of their small number of holdings and Bear Trust’s long-term investment approach. Ryan Barrow and Erin Surrod then presented for the Kentucky Pension Authority. They reported positive quarterly performance across the retirement and insurance funds, though results varied by period and remained tied to broader market conditions. They said recent asset-allocation changes had been completed and the funds were now within target ranges. On cash flow, they noted some plans remained negative or near zero, with one plan benefiting from a large appropriation. In the legislative update, they described House Bill 30 as codifying an exclusion from pension-spiking calculations for across-the-board raises, and Senate Bill 10 as increasing retiree health insurance subsidies and changing employee health insurance contribution rules for certain CERS members beginning in 2026. They also said Senate Bill 183 would likely have limited impact, though the agency would review voting policies and incorporate any required economic-analysis procedures.