Transcript Highlights:

• This is supported by workers' comp payments made by employers. Next item is B4.
• I think it's important to note for the committee that, as we've said before, the payment distribution
• This is a cash fund appropriation request.
• Chair, those are all the cash requests. Senator Hickey, you're recognized.
• It's a new method using $1 million in cash funds for campus living renovations and maintenance in the

Committee: All JOINT BUDGET COMMITTEE

Summary: The committee considered and approved several temporary appropriation requests in Section B, including spending authority for the Court of Appeals to pay appointed counsel in criminal appeals, Commerce/Aeronautics airport and aviation grants, and Insurance Department items for workers’ compensation benefits and premium tax refunds. It also approved ARPA-related requests in Section C to return unused federal funds from DHS aging, mental health, substance abuse, and Older Americans Act grants. In Section D, the committee reviewed and approved Infrastructure Investment and Jobs Act requests, including Agriculture grants for wildfire preparedness and forestry capacity, a large Commerce broadband BEAD request, environmental recycling-related reallocations, and Oil and Gas Commission grants for facility repairs and sample preservation. Members questioned the broadband program’s audit process and performance safeguards; the State Broadband Director said the funds are federal, subject to audits, and payments are released only after engineering certification of completed work. The committee also approved DHS reallocations in Section E, including major transfers within Medical Services from hospital medical appropriations to private and public nursing home lines, as well as transfers for children and family services, developmental disabilities, and youth services. The committee then reviewed cash fund requests, miscellaneous federal grants, pay plan and performance fund transfers, methods of finance, and a large set of contracts. A Northwest Arkansas Community College official explained storm-damage repairs and insurance settlement issues, and DHS explained its hospital medical transfer was moving excess appropriation rather than cash. Members also questioned several UAPB tobacco prevention subgrants, especially arts-based outreach, and asked for more data on effectiveness; the committee later voted to expunge and re-refer the J-2 item for further review at a later ALC meeting. Additional discussion covered a DEQ grant to Free Geek of Arkansas for e-waste recycling, a UAPB tobacco program, and various contracts for universities, DHS services, corrections, and public safety. The meeting ended with reports filed for information and a brief member comment thanking others for concern after a tornado in Stone County; no one was injured.

Transcript Highlights:

• Where do those cash receipts come from? Exports are very important to food and agriculture.
• , most of the government payments to Idaho come in conservation payments.
• As you look at those large blue areas, those are supplemental payments.
• The majority of these payments are going to cotton, rice, corn, and soybeans.
• This is just not a large enough payment amount to make a large impact over time.

Committee: Senate Agricultural Affairs

Transcript Highlights:

• making the payment.
• Cash. We used cash in the standalone bill, so we don't have cash.
• Cash. We used cash in the standalone bill, so we don't have cash.
• Cash. We used cash in the standalone bill, so we don't have cash.
• Cash. We used cash in the standalone bill, so we don't have cash.

Committee: Senate Capital Investment

Transcript Highlights:

• , cash flow management.
• And then we cash flow it.
• But with that, then cash does stack up and wait for the cash flow to happen.
• Under the cash means of finance.
• So while we have the cash means of finance authority, the cash was not transferred to us.

Summary: The committee met for an informational hearing focused largely on the state capital outlay process and House Bill 2. Roger Husser and Matt Baker of the Division of Administration/Facility Planning and Control described how the office prepares and administers the capital outlay bill, said the bill has grown substantially over five years, and argued that recent changes in culture, staffing, project management, cash-flow analysis, and use of third-party support have more than doubled project expenditures and improved delivery. Members asked about the use and cost of third-party project managers, delegation of smaller projects to agencies, hiring difficulties, and whether the changes represented better interpretation of existing law versus statutory changes. Husser said some statutes were amended, some internal customs were removed, and the office would provide a list of those changes. He also explained that the office is trying to move away from overly rigid practices and toward faster project completion while still following public-bid and oversight rules. A major portion of the discussion centered on the size and structure of the capital outlay bill, especially the gap between Priority 1 cash capacity and the much larger Priority 5 backlog. Husser said the current annual Priority 1 limit is tied to construction inflation and is about $574 million, with additional surplus funds also available, but that the bill contains far more Priority 5 funding than can realistically move in a five-year plan. He and members discussed dormant projects, scope creep, legacy projects that have sat in the bill for years, and the problem of false expectations for non-state entities. Proposed solutions included limiting Priority 5 to five times Priority 1, requiring annual re-endorsement by members, setting district or project caps for non-state projects, requiring time limits and reporting for grant-like non-state projects, placing matches in escrow, requiring design readiness before submission, and consolidating the many existing reporting requirements into one clearer report. Members also discussed bundling multiple projects under one agency project, which the House had begun piloting for LSU, UL Lafayette, Southern, and DOTD, and which Husser said could improve flexibility, reduce overappropriation, and better reflect actual spending. Baker then explained cash-flow management and the commitment process, saying FPC now analyzes projects annually to estimate what can actually be spent in the next fiscal year and uses commitments to allow projects to proceed when future-year funding is expected. He said overappropriations can result from poor cash-flow estimates, delays, dormant projects, or projects coming in under budget, and that the office is already reworking cash-flow assumptions and reappropriating savings where possible. Members also raised concerns about change orders and low bids; staff said project managers review change orders closely, require concurrence on non-state projects, and sometimes reduce scope to keep projects within budget. After FPC’s presentation, the committee heard the beginning of Louisiana Economic Development’s capital outlay discussion, where LED explained that its projects generally fall into three categories, including the Economic Development Awards Program and Site Readiness Program, both used to support targeted economic development and job creation.

Transcript Highlights:

• I am an attorney and I worked on payments policy for about 18 years for U.S.
• Many companies say cash only. That is an alternative.
• It is not a part of the payment processing system at all.
• That data does not go through the payment networks.
• , loan payments, and opening new accounts.

Committee: House Banking and Finance

Transcript Highlights:

• As I understand it, what you're changing is that to do a cash bond...
• a... ...up, whether it be cash or they go to a bondsman, is where it goes.
• But if somebody pays cash and you... ...but if somebody pays cash and you don't, and with this bill that's
• payment and go ahead and get that person out.
• Well, I mean, it is if cash is accepted.

Bills: SB210 , SB225 , HB280 , HB287 , HB94 , HB88 , SB157 , HB7 , HB8 , HB42

Committee: House Judiciary

Transcript Highlights:

• Those are two cash programs you provide to us.
• are two cash programs you provide to<00:10:24.760><c> us.
• So we put most of our cash into infrastructure rail.
• We think that's actually a very good way, and I go back to when we provide cash, cash, cash, all day
• , cash, cash, all<00:17:37.640><c> day</c><00:17:37.800><c> long</c><00:17:38.120><c> I</c><00:17:38.240

Summary: The speaker outlined Kentucky’s economic development strategy and how the cabinet evaluates and awards incentives. He emphasized using national benchmarks such as Site Selection and Area Development magazines, focusing on real data, competitiveness, and performance-based incentives. He said the state is performing well nationally in investment rankings, and credited the legislature with providing tools that help attract and retain jobs, especially through speed to market, site readiness, transportation, and workforce coordination. A major portion of the remarks described the “anatomy” of an incentive package: first improving sites and infrastructure such as water, sewer, roads, and rail spurs; then using sales tax benefits for construction materials and equipment; then training support through the Bluegrass State Skills Corporation; and finally the Kentucky Business Incentive (KBI) program, which reimburses qualifying expenses from incremental tax revenue. He said incentives are negotiated, data-driven, and targeted toward companies with strong wage levels, training plans, growth potential, and, in some cases, agricultural benefits or industry leadership. He also noted special treatment for heritage communities and said the state has expanded KBI beyond heavy manufacturing to include R&D, headquarters, and service businesses. The speaker also described compliance and oversight. Incentive agreements are written with job, wage, investment, and community-benefit terms, and companies must file regular reports and invoices. Cash incentives can be clawed back if commitments are not met, while tax credits are tied to actual investment and job creation. He said the Revenue Cabinet and Environment and Energy Cabinet play important monitoring roles, and that projects go through application review and preliminary approval by the Kentucky Economic Development Finance Authority before final approval and payment. He closed by thanking legislators for their support and for allowing more flexible, capped, and data-driven incentive tools.

Transcript Highlights:

• that cash positioning and payment<00:14:59.920><c> processing</c><00:15:00.440><c> I</c><00:15:00.520
• </c> payment and support functions. payment and support functions.
• . payments. payments.
• </c> withhold payment, and to allow payment withhold payment, and to allow payment withholdings<00:41
• payments? payments? No. No. No.

Committee: House Fraud Prevention and State Agency Oversight Policy

Transcript Highlights:

• This will be accomplished by appropriating available cash balances for non-recurring expenditure, including
• Cash for non-reoccurring. Did I hear that correctly? Taking cash balance for non-recurring uses?
• Taking cash balance for non-recurring uses? Yes. So, Mr.
• And that would be for debt service payment if the agency were to sell bonds in June of this year.
• Not be able to sell additional debt, so those debt service payments would not be needed.

Summary: The committee met with quorum and took up only HB 3, the Department of Transportation Appropriation Act of 2026 for FY27. The bill was presented as an amended budget that would increase NMDOT’s operating budget by about $132.6 million, or 10.2%, using available cash balances, additional projected revenue, and contingent revenue tied to Senate Bill 2, the highway bond bill. Staff walked through the amendment section by section, explaining changes to project design and construction, highway operations, program support, modal programs, federal and interagency transfer lines, corrected performance-measure language, and added budget adjustment authority for the current and next fiscal years. Several members raised concerns about the late circulation of a revised amendment and the appearance of multiple bill versions, arguing the committee had not had enough time to review the changes and that the process may have violated the 24-hour rule. Others asked for clarification on how the budget distinguished between rehabilitation and maintenance, and DOT staff explained that major rehabilitation is generally tied to STIP projects while maintenance is handled through district-level plans and contracts. Members also discussed the use of cash balances for non-recurring spending, the impact of electric vehicles on road revenue, and the need for more maintenance, litter cleanup, fencing, and beautification funding. DOT and executive representatives noted the amendment includes a significant maintenance increase and said additional non-recurring funding could also come through House Bill 2 and the capital bill. The committee first rejected a substitute motion to delay action, then adopted the amendment and later voted due pass on HB 3 as amended. Public comment was opened, but no one spoke in support or opposition. After passage, members explained their votes, with some supporting the bill as a needed transportation investment and others objecting to the process and the compressed review timeline.

Transcript Highlights:

• While we were trying to make arrangements to set up a payment plan, her whole paycheck was garnished.
• are exempt to only protecting the sales of non-cash assets.
• Yes, the sales of non-cash assets. So that's a fundamental change.
• To sort of sidestep what was previously set aside as exempt cash assets?
• You don't have cash in the bank; they're not sitting on a stack. They owe you a debt.

Bills: HB 1193 , HB2495 , HB2733 , HB3104 , HB3395 , HB4325 , SB3009

Committee: Senate Jurisprudence

Transcript Highlights:

• And if estimated payments are indicative of...
• And if estimated payments are indicative of their final payments, which happen in the second half of
• But the cash impact is where we take the hit.
• You've got four columns there: cash and recurring. We talked about it a little bit.
• You've got four columns there, cash in recurring. We talked about a little bit.

Bills: S0110 , S0434 , S0856

Committee: Senate Finance and Tax

Summary: The committee heard and passed three bills before moving to a staff presentation on the state revenue forecast and the federal One Big Beautiful Bill Act. SB 856, by Senator DeSantis? [sic], would require online real estate listing platforms to display estimated property taxes for residential properties using prescribed methods and DOR-developed formulas rather than the current owner’s tax bill. Supporters from county, city, and property appraiser groups said the bill would improve transparency and help homebuyers avoid surprise tax and escrow increases. The bill was reported favorably after debate about making sure the estimate appears on realtor and platform sites for first-time buyers. SB 110, by Senator Arrington, was amended and then reported favorably. The bill clarifies that people holding 98-year-or-longer residential leases remain eligible for the homestead tax exemption even if the lease ends upon the tenant’s death, aligning those leaseholds with life estates for estate-planning purposes. The amendment, supported by the Florida Bar’s real property, probate and trust law section, clarified that lease provisions terminating at death are valid under current law. SB 434, by Senator Leak, was also reported favorably; it would prevent property tax assessments from reflecting increased just value attributable to wind-hardening improvements such as stronger roof attachments, shutters, and roof-to-wall reinforcements. The committee then received an update from staff director Azar Khan on the new general revenue forecast. He said collections had been running slightly above estimate overall, but the Revenue Estimating Conference reduced corporate income tax projections because of weaker recent collections and uncertainty around tariffs, while increasing some other revenue sources. Members then discussed the federal One Big Beautiful Bill Act, which staff said would significantly reduce Florida corporate income tax revenue, with a large first-year impact driven by retroactive provisions such as bonus depreciation, research expensing, and business interest deductions. Senators and the appropriations chair said the forecast and federal changes would affect budget planning, and the committee adjourned after noting the bills had been favorably reported and the meeting was complete.

Transcript Highlights:

• They can also be alternatives for existing banking services, both deposit and cash-like services, but
• also lending... ...banking services, both deposit and cash-like services, but also lending, investment
• With a public banking system, they could bring what they can in cash flows.
• Public banking achieves this by ending the practice of sending taxpayer dollars on interest payments
• Public banking achieves this by ending the practice of sending taxpayer dollars on interest payments

Summary: The committee first received a JLARC work session on the 2025 tax preference performance reviews, covering nine tax preferences and recommending legislative action on eight. JLARC reviewed natural gas transportation fuel preferences, travel agent and tour operator B&O rates, a property tax exemption for nonprofit low-income housing developers, and several shorter reviews including senior center property tax relief, a disabled veteran adapted housing remittance, trade convention nexus treatment, wholesale sales of fertilizer/pesticides/seed, a hazardous substance tax exemption for pesticides stored for out-of-state shipment, and three energy-related preferences for a silicon smelter. JLARC generally recommended continuing preferences that met stated or inferred objectives, modifying some to improve reporting or performance metrics, and allowing the unused silicon smelter preferences to expire. The Citizen Commission endorsed JLARC’s recommendations, and committee members asked a few clarifying questions, including about trends in travel agent/tour operator beneficiaries and the housing exemption’s performance metric and data issues. The committee then heard a work session and public hearing on Senate Bill 5754, which would create a Washington State public bank. A presentation from California public banking advocates and the Bank of North Dakota described public banks as government-owned financial institutions intended to keep public funds working locally, support lending for housing, infrastructure, and community development, and partner with community banks and credit unions. Committee questions focused on leverage, liquidity, constitutional issues, and how the model would interact with existing state investment and debt structures. Staff summarized the bill’s structure, including activation conditions, governance, powers, and fiscal impacts, noting the fiscal note was largely indeterminate and startup costs could be significant. Public testimony on SB 5754 was divided. Supporters included statewide elected officials, county and city officials, labor, educators, community advocates, and residents, who argued the bank could lower borrowing costs, improve access to capital, keep public money in Washington, and help finance infrastructure, housing, and disaster resilience. Opponents included community bankers and county treasurers, who warned about risks to safety and liquidity of public funds, questioned the need for a new institution given existing programs, and argued the proposal lacked a proven track record in Washington. The hearing concluded with no vote taken in the transcript.

Transcript Highlights:

• That leaves us no viable option but to accept these costly payment methods.
• That leaves us no viable option but to accept these costly payment methods.
• Approved claims only to later rescind payment.
• It's just a cash transaction. But again, we're looking at that language specifically.
• The Goldback is meant to be an inflation-proof version of cash.

Summary: The committee met to hear five banking and insurance-related bills. HB 1549, an Office of Financial Regulation agency bill to help more efficiently regulate financial institutions, was amended to match Senate companion language and then passed unanimously. HB 1231 would extend physician payment and prior-authorization protections similar to a prior dental law, including limits on virtual credit card payments as the sole payment method; physicians and medical groups supported it as a way to reduce fees and retroactive denials, while insurers were not heard in opposition, and the bill passed unanimously. The committee then heard HB 999, which would make gold and silver legal tender and allow transactions in bullion through electronic debit mechanisms. The sponsor and several proponents framed it as an inflation hedge and economic freedom measure, while questions focused on definitions, transaction costs, and vendor participation. The bill passed on a mostly party-line vote, with one member voting no. The committee also approved HM 4363, a memorial urging Congress to establish a sovereign wealth fund; the sponsor described it as a way to steward national wealth, and the memorial passed with one dissenting vote. Finally, the committee took up HB 1551, which would create a prevailing-party attorney fee framework in insurance contract disputes. The sponsor argued it would restore balance, deter meritless litigation, and help consumers with valid claims recover fees, while insurers, business groups, and defense attorneys warned it would revive one-way fee shifting, increase litigation, and raise premiums. Consumer advocates and some members supported it as necessary to give policyholders meaningful recourse. After debate, the bill passed favorably, with one member voting no.

Transcript Highlights:

• The final two items, the first is cash reserves.
• Additionally, Additionally, the law removed the pre-97 cash reserves as part of that cash reserves analysis
• And to cash flow.
• And because of how we bank, and we have sweep accounts, I can cash flow everything.
• I can cash flow everything. So, Mr. Chairman, Mr.

Committee: Joint Select Committee on School Finance Recalibration

Transcript Highlights:

• These are cash fund appropriation requests.
• It shows cash-flow loans throughout the fiscal year.
• The state insurance adjuster calculated the cash value to be $1.82 million.
• It also depends on some quarterly payments that will be made.
• It also depends on some quarterly payments that will be made and some end-of-the-year payments.

Committee: All ALC-PEER

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.

Transcript Highlights:

• It's suspending the payment for people who have true hybrids.
• It's suspending the payment for people who have true hybrids.
• And then we also have some cash, I think, right now that we can use.
• Right now, what's the cash? About $9 million, I want to... ...an act. Right now, what's the cash?
• So it's 9.46 remaining in cash capacity. That's from the surplus.

Summary: The Senate Committee on Revenue and Fiscal Affairs met on May 11, 2026, approved the April 27 minutes, and then took up several House bills. HB 618, by Rep. McMakin, would update Louisiana Economic Development fees and filing charges by indexing them to inflation and allowing some discretion to waive or reduce fees for small businesses; it was reported favorable. HB 732, by Rep. Owen, drew extensive discussion because it combined two issues: temporary OMV relief for a hospice-related ID problem and a suspension of the new hybrid vehicle road usage fee. Members and the OMV commissioner raised constitutional and drafting concerns about waiving or eliminating obligations, and the committee discussed how newer vehicle classifications blur the line between electric, hybrid, and gas-powered vehicles. The committee ultimately reported HB 732 favorable, with the understanding that amendments and further work would be needed before floor action. The committee also reported favorable on HB 217 and HB 214 by Rep. Henry, which would authorize local governments to grant property tax exemptions for the rehabilitation of blighted property and place the related constitutional amendment before voters. Testimony emphasized that the measure is permissive for local governments, applies only after a property is formally blighted and rehabilitated, and is intended to encourage redevelopment while preserving some tax revenue. Members discussed the exemption level, duration, and the need for clearer definitions of blight, but no objections were raised. HB 593, also by Rep. Henry, would raise the maximum service fee for OMV public tag agent offices statewide; the commissioner explained that many offices are locally operated and that the increase would help cover costs, and the bill was reported favorable. Later, HB 514 and HB 961, by Rep. Foreman, were reported favorable. HB 514 would allow local governments, by referendum, to provide additional property tax relief for seniors who meet income and freeze requirements, with phased age-based eligibility steps; HB 961 would extend a similar concept to certain homesteads held in trust. Members discussed the optional local nature of the program and the need to avoid overly broad rules. HB 908, by Rep. Mina, would increase certain Secretary of State business services fees to support operations and system upgrades; agency officials said the fees had not been comprehensively adjusted since 2013 and remained below regional averages, and the bill was reported favorable. The committee then heard an informational update on the capital outlay bill from the Division of Administration, including the use of bundled projects for universities and DOTD, the status of P1/P2/P5 funding, and available cash capacity. Finally, HB 1010, by Rep. Deshotel, was reported favorable after brief discussion; it would require assessors to report property tax collections to the Louisiana Tax Commission for centralized public reporting.

Transcript Highlights:

• Domestic payments can take two to three days. Cross-border payments can take weeks.
• </c><00:08:07.520><c> and</c> don't have the access to your cash and don't have the access to your cash
• But I also providing that cash leg.
• . payment. payment. you<01:21:18.000><c> know,</c><01:21:18.239><c> kind</c><01:21:18.480><c> of,</c>
• So you can see the mortgage payments plus property expenses equals the same sum as rent payments plus

Summary: The meeting began with roll call and approval of the prior meeting minutes, which passed unanimously. Members then introduced the day’s presentations, including one on the Canton network and another on tokenizing real-world assets, with a focus on how blockchain systems can support regulated financial institutions and asset tokenization. Julie, the director of policy and government affairs at Digital Asset, presented on the Canton network, describing it as a privacy-enabled public blockchain designed for regulated finance. She said tokenization should preserve the same legal and economic rights as the underlying asset, and argued that blockchain-based books and records can shorten settlement times, improve 24/7 trading, and reduce friction in capital markets. She identified three main barriers to institutional adoption of public blockchains: lack of privacy, limited throughput/scalability, and lack of control for compliance purposes such as freezing assets, pausing transactions, and meeting AML/sanctions obligations. She explained Canton’s structure as a public, permissionless network with application-level privacy controls, a global synchronizer, and super validators chosen by vote. She also highlighted current ecosystem participants and use cases, including Broadridge, Circle, and the DTCC’s planned tokenization of U.S. Treasuries on the network. Members and online participants asked about the relationship between tokenized assets and the Clarity Act, tokenized deposits, safeguards for faster settlement, and whether the platform could be used for municipal or property records. Julie said Digital Asset was not taking a position on rewards, but supported clearer statutory definitions because tokenized securities should carry the same rights as the underlying assets and investors need to know whether a token is a true tokenized security or a synthetic/reference token. She said the company is agnostic on whether the cash leg is stablecoins or tokenized deposits, though it expects both to develop. In response to concerns about rapid settlement, she pointed to institution-level permissions and SEC disclosure expectations as safeguards. She also said the technology could be used for other records, including potentially property-related records, if those assets can be tokenized.

Transcript Highlights:

• These are cash fund appropriation requests.
• It shows cash flow loans throughout the fiscal year.
• The state insurance adjuster calculated the cash value to be $1.82 million.
• 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 and some end-of-the-year payments.

Committee: All ALC-PEER

Transcript Highlights:

• Uh, there's no cash payments ever made to households, and payments are made directly to vendors and/or
• Uh there's no cash<00:04:22.479><c> payments</c><00:04:22.880><c> ever</c><00:04:23.120><c> made</c><
• 00:04:23.440><c> to</c><00:04:23.680><c> households</c> cash payments ever made to households cash payments
• </c> services uh with needed energy payment services uh with needed energy payment assistance. assistance
• </c> based on the fuel type and no payments based on the fuel type and no payments again<00:07:41.599

Summary: The Interim Joint Committee on Natural Resources and Energy met for a public hearing and presentation on the Low-Income Home Energy Assistance Program (LIHEAP). After approving the minutes, members heard from Shannon Hall of the Department for Community Based Services and Rick Baker of Community Action Kentucky, who explained that LIHEAP is a 100% federally funded block grant used in Kentucky to help low-income households pay home energy bills, prevent utility disconnects, and support weatherization and crisis assistance. Hall outlined the program’s income eligibility limits, the fact that payments go directly to vendors or utilities rather than households, and the program’s funding levels, including $43.4 million spent in federal fiscal year 2025 and an anticipated $58 million for federal fiscal year 2026. The presenters described LIHEAP’s main components: fall and spring subsidy programs, winter crisis assistance, and weatherization. They gave participation figures for recent program cycles, including tens of thousands of households served in each component, and explained that weatherization prioritizes elderly, disabled, households with children, and high-energy-burden homes. They also noted that weatherization is carried out in partnership with the Kentucky Housing Corporation and includes repairs and efficiency measures such as insulation, air sealing, and safety checks. Rick Baker described Community Action Kentucky’s role as the statewide administrator through 23 local community action agencies, emphasizing their presence in all 120 counties and their local board structure. Members praised Baker’s long service and the program’s importance for families facing high energy costs, especially in coalfield areas. One member asked for clarification on a slide reference to “Assurance 16,” but the transcript cuts off before the answer is completed. No votes or other committee actions were taken beyond approving the minutes.

Transcript Highlights:

• We do work with them to make a payment arrangement, whether we are deducting from what their CCAP payment
• </c><00:26:05.520><c> arrangement</c> with them to make a payment arrangement with them to make a payment
• </c> set up a long-term payment set up a long-term payment so<00:26:18.480><c> okay</c><00:26:18.720>
• </c><00:31:55.159><c> is</c> wants to lend me the down payment is wants to lend me the down payment is
• </c> account holder for example could cash account holder for example could cash cash<00:45:40.720><c

Summary: The committee met with a quorum, approved the minutes, and then reviewed a long agenda of administrative regulations, most of which were advanced with staff-suggested amendments and no objection. Early items included the Kentucky Public Pension Authority’s 105 KAR 1:451, which updates reporting language and adds the contractor wizard for certain employers, and a large package of Board of Veterinary Examiners regulations that revise fees, facility and AHP registration requirements, continuing education, liability, and practice rules. The Board of Speech-Language Pathology and Audiology’s compact-related regulation and the Board of Licensed Professional Counselors’ complaint and compact rules were also reviewed and approved with amendments, along with fish and wildlife rules affecting elk hunting, youth deer season length, bear-dog approvals, and foxhound enclosure permits. The committee also approved transportation, education, workplace standards, horse racing, and several health and human services regulations, including Medicaid waiver reimbursement updates and a child care regulation that sends certain large claims to the Office of Inspector General for review. Several agencies briefly explained their regulations when members asked questions. Fish and Wildlife said the elk population is strong and the baiting change is intended to support harvest monitoring and fair chase, while the longer youth deer season was meant to give young hunters more opportunity. The Department of Community-Based Services said the $10,000 and $5,000 claim thresholds were meant to clarify rare cases involving possible fraud or unresolved recoupment issues. The Department of Financial Institutions’ 808 KAR 5:305 drew the most discussion: it would allow certain state-chartered credit unions with a low-income designation to participate in federal programs, including limited non-member deposits and supplemental capital, but the regulation was deferred again amid continued discussions. The Kentucky Bankers Association testified against the credit union regulation, arguing that allowing non-member deposits conflicts with existing statute limiting credit union deposits to members and other credit unions, and that an administrative regulation cannot override that statutory restriction. Committee members heard the agency’s explanation that the proposal is intended to help underserved communities and that the non-member deposit authority would be limited, but no final action was taken because the item was deferred. The meeting otherwise concluded with the remaining regulations being called, discussed briefly, and approved or advanced without objection.