Transcript Highlights:

• I hope everyone has a safe day today.
• Cassidy W for everybody.
• </c><00:07:16.000><c> demand</c> education for ky's most in high demand education for ky's most in high
• dual credit courses for them in high school so they get out quicker, but then they can't use the dual
• </c><00:15:27.199><c> this</c><00:15:27.320><c> for</c> appreciate her time for this for appreciate her

Keywords: 958, all

Summary: The committee first heard House Bill 305, which would clarify and expand a healthcare workforce bill to explicitly include physician assistants and dietitians in efforts to address shortages, especially in rural areas. Rep. Fleming said the change was intended to help with Medicaid-related needs such as diabetes care and noted a decline in dietitian internship applications. Rep. Roarx supported the bill, emphasizing the value of dietitians in helping patients make practical nutrition changes. The bill received a unanimous favorable expression, 14-0, and was reported to the House floor. The committee then considered House Bill 427, which would create statewide 60-credit-hour transfer pathways for high-demand bachelor’s degree programs under the Council on Postsecondary Education. Rep. Grossl explained the bill is meant to prevent students from losing major credit when transferring between KCTCS and four-year institutions, using nursing as an example. Questions focused on rigor, dual credit, how high-demand programs would be selected, and the July 1, 2026 implementation date; the sponsor said CPE and faculty would map curricula and align standards. The Kentucky Student Rights Coalition testified in support, saying the bill would help students complete degrees faster and make credits count toward majors. HB 427 also passed unanimously, 14-0, with favorable expression. The committee then took up House Bill 424, as amended by a committee substitute. Rep. Tipton said the substitute removed language allowing up to six-year contracts and instead set up a process for four-year contracts and periodic performance reviews for faculty, including presidents, at public postsecondary institutions. He said the bill is intended to give universities clearer authority to remove underperforming employees and be more efficient with taxpayer dollars. Several faculty witnesses opposed the bill, arguing it would erode tenure protections, create arbitrary performance standards, and harm recruitment, retention, and academic freedom. The committee adopted the substitute and heard testimony, but no final vote on HB 424 is shown in the transcript excerpt.

Transcript Highlights:

• So, I don't like providing<00:26:45.680><c> false</c><00:26:46.120><c> hope</c><00:26:46.360><c> for<
• /c><00:26:46.520><c> people</c><00:26:46.880><c> or</c> providing false hope for people or providing
• false hope for people or blowing<00:26:47.360><c> blue</c><00:26:47.600><c> smoke</c><00:26:47.960><c
• stand up for high-road businesses, and importantly fight fraud that cheats our Minnesotans who rely on
• workers, stand up for high-road businesses, and importantly fight fraud that cheats our Minnesotans

Bills: HF4234 , HF3697 , HF1183 , HF4738

Committee: House Taxes

Keywords: HF4234, Minnesota private activity bonds, tax-exempt bonds, bond cap, aggregate bond limitation, residential rental projects, multifamily housing, affordable housing finance, housing bonds, public finance, bond allocation, private activity bond cap, Minnesota Statutes 474A.02, tax committee, tax refund, Minnesota Statutes, time limit, claims, tax overpayment, taxation

Transcript Highlights:

• I hope this is the first of many trips for CMS, because we have a lot to show them.
• are for these RHTP funds.
• So no rest for the weary.
• Thank you for the question.
• Thank you for the question.

Summary: The Rural Health Transformation Committee met with a quorum and approved the April 22 minutes. CMS officials Kate Sapra and Jonathan Jones joined as part of Idaho’s site visit and gave an overview of the federal Rural Health Transformation Program, describing it as a $50 billion, five-year cooperative agreement with all 50 states approved. Sapra emphasized CMS’s close oversight, annual rescoring, reporting requirements, and the need for states to obligate funds by October 30 and spend them by the following September, with unspent or unallowable funds subject to recovery. She said the first year will focus mainly on implementation milestones, with outcomes becoming more important in later years. Department of Health and Welfare Director Juliet Sharon then reviewed Idaho’s first round of year-one funding opportunities and the proposed review process. She said the department is moving quickly to post initial solicitations in June, using both full RFPs and sub-grants depending on the type of project. Early priorities include structural and administrative contracts, data and evaluation support, provider recruitment and retention administration, needs assessments, technology and infrastructure investments, transportation, and service-oriented sub-awards such as EMS, maternal and child health, behavioral health, and chronic disease prevention. Committee members asked for more detail on KPIs and requested access to the underlying RFP documents through SharePoint. Members also asked about reimbursement versus upfront funding, multi-year projects, minor renovations, and whether funds could be shifted between categories. CMS said funds cannot supplant existing financing, but states may structure awards to provide upfront funding if allowed under state procurement rules; it also said minor renovations are defined through CMS guidance and FAQs, not a strict federal definition. Sharon and Sapra said year-one category allocations would be difficult to change significantly, though adjustments may be possible later with CMS approval. The committee agreed to continue sending feedback through the co-chairs and set the next meeting for July 15, with the meeting adjourned afterward.

Transcript Highlights:

• If it were a high school for Central Maui, yes. >> Okay, thank you. >> It's very prescriptive. >> It's
• Now for that state equity, I hope that answers your question that it may not look like we're getting
• Now for that state equity uh so I<00:35:58.560><c> hope</c><00:35:58.640><c> that</c><00:35:58.880><c
• But this is a really important bill for our community, and we hope the committee will move it forward
• But this is a really important bill for our community, and we hope the committee will move it forward

Bills: HB1604 , HB1713 , HB1722 , HB2270 , HB2401 , HB2515 , HB1979 , HB1593 , HB1743 , HB2122 , HB1756 , HB1837 , HB1729

Committee: House Housing

Keywords: agriculture, housing, workforce, land use, zoning, public-private partnerships, tax credit, school impact fees, impact fee exemption, school facilities authority, residential development, housing shortage, affordable housing, infill housing, land dedication, fee in lieu, school construction, developer exactions, fair share contributions, education contribution agreement

Summary: The committee heard testimony on HB 1604, which would create an agricultural workforce housing group within the Department of Agriculture and Biosecurity to address shortages of farmworker housing. The department said it supported the bill’s intent but emphasized that the group’s early work should focus on gathering data and surveying farm operators to assess actual demand, to avoid “mission creep.” Testimony from the City and County of Honolulu Office of Economic Revitalization, Hawaii Farmers Union, Hawaii Farm Bureau, Housing Hawaii’s Future, and the Maui Chamber of Commerce was in support, with one witness suggesting a housing advocacy nonprofit be added to the working group for balance. The committee then discussed HB 1713 on school impact fees, which would clarify exemptions for certain affordable housing projects and exempt new residential developments of fewer than 100 units. The Attorney General’s office said the bill should define “low to moderate income households” because that term is not defined in chapter 302A. HHFDC, the School Facilities Authority, Grassroot Institute of Hawaii, and others supported the measure, arguing it would reduce administrative burden and remove barriers to housing. Members questioned whether the bill should instead repeal the school impact fee entirely; supporters said they also favored full repeal but viewed this bill as a more feasible step. The School Facilities Authority also explained that about $28 million in school impact fees had been collected across four districts and none had yet been spent, and discussed how recent nexus requirements limit how the funds can be used. HB 1722, relating to residential condominiums, drew extensive testimony and questioning. HCDA supported the bill and explained that it amends the 99-year leasehold pilot program created by Act 97 of 2023 by reducing owner-occupancy restrictions from 100% of units to 60%, allowing some rental or subleasing flexibility for the owner-occupied units, and permitting up to 40% of units to be sold to qualified residents after being on the market for more than 60 days. HCDA said the original restrictions, combined with rising construction costs, higher interest rates, and competition from nearby projects, made the pilot project difficult to market and finance; it said the changes are needed to make the project feasible and competitive. Supporters including AP Hawaii, Kila LLC, and project representatives said the amendments would help make the demonstration project in Kakaʻako viable. Some members raised concerns that the changes could weaken long-term affordability and questioned why certain ownership language was being deleted if rentals would still be restricted. No votes or final committee actions were taken in the portion of the hearing provided.

Transcript Highlights:

• Sounds like a great opportunity for a study, yeah, and that's what we were hoping to get from all the
• Have hope. Have faith.
• All right, Senator, thank you so much for your time. Thank you for having me.
• </c><00:12:15.480><c> that</c><00:12:15.680><c> high</c><00:12:15.839><c> school</c> re reach over for
• that high school re reach over for that high school diploma<00:12:17.120><c> and</c><00:12:17.360><c

Keywords: 1187, senate, all

Transcript Highlights:

• My name is Rachel Downs, and I am the chief strategic officer for Housing Hope, Snohomish County's largest
• My name is Rachel Downs, and I am the chief strategic officer for Housing Hope, in Homish County's largest
• Housing Hope is currently in predevelopment for Alliance Place, Snohomish County's first affordable housing
• at a rate of 0.014% for counties and 0.073% for cities.
• They have to update that annually, and then for students with an IEP, the high school and beyond plan

Bills: SB6256 , SB6275 , SB5868 , SB5954

Committee: Senate Ways & Means

Keywords: tax exemptions, affordable housing, nonprofit, unoccupied property, housing policy, community reinvestment, economic development, local investment, financial assistance, SB 5868, superior court, judge, judgeship, judicial vacancy, court administration, Skagit County, Yakima County, RCW 2.08.061, Washington courts, county judges

Transcript Highlights:

• So math, high-quality instructional materials for math would be funded with this appropriation.
• And outcomes for children and families are proof of this high performance.
• And I stand for questions, but again, I feel very hopeful.
• I want to ask just a high-level philosophical question for you.
• , but I hope it’s not the end of you continuing to do this work in this state, maybe even for the next

Committee: Senate Senate Finance

Keywords: 996, all

Transcript Highlights:

• School, Clayton Junior High, Eunice High School, Grants High School, Hatch Valley Middle School, Logan
• For classroom spaces.
• Chair, I will stand for any questions or comments. Thank you for the presentation.
• For the interim, so we'll give it all a moment. So we'll I'll buy time for Simon.
• Thank you for joining us.

Committee: House Public School Capital Outlay Oversight Task Force

Transcript Highlights:

• I hope we have sub $4.00. ...natural gas for the rest of our lives, but we have to be prepared for the
• We're paying for your supply, paying for your permitting, paying to educate your workforce, paying for
• advanced nuclear compared to $64 for combined cycle. ...natural gas, $32 for solar PV, $30 for onshore
• I hope it works. It also gives time for this technology to develop.
• There are proposed rules by the NRC, but none have been finalized for us for issuance of permits for

Bills: HB 11 , HB 14 , HB 132 , HB 1584 , HB 1606 , HB 5061 , HB 1041 , HB 2286

Committee: Senate Business & Commerce

Keywords: licensing, reciprocity, regulation, Texas Department of Licensing and Regulation, interstate agreements, nuclear energy, advanced reactors, energy security, grant programs, Texas Advanced Nuclear Energy Office, HB 132, Texas Government Code Chapter 418, Public Information Act, confidential records, homeland security, foreign adversary, terrorism, critical infrastructure, emergency response, law enforcement

Summary: The meeting was a thorough exploration of multiple bills, most notably focused on innovative energy solutions and public safety enhancements. Key discussions centered around HB14, which aims to bolster the state's nuclear energy capabilities through the establishment of a Texas Advanced Nuclear Energy Office. Senators and expert witnesses discussed the potential of nuclear power as a clean energy source and a strategic necessity for Texas's growth. There was strong support for the bill, with various stakeholders highlighting its importance for the future energy landscape. Additionally, other bills like HB132 addressed the need for enhanced confidentiality protections regarding sensitive information, while HB1584 sought improvements in power restoration procedures during emergencies. Overall, the committee engaged with multiple viewpoints, balancing innovation with safety and ethical considerations.

Transcript Highlights:

• Authorization for care is a tool that promotes safe, high-quality, and affordable care.
• Just, you know, broadly speaking, authorization for care is a tool that, you know, promotes safe, high
• We're standing together for every patient in need, ensuring care comes swiftly and hope for patients
• I'm a drug policy advocate representing Seven Hope Alliance, a nonprofit for science and public education
• This bill streamlines access for the FSP program by establishing eligibility criteria for those in high-need

Summary: The Assembly Health Committee met on April 22 and took up a special order of bills focused largely on prior authorization and utilization management in health care. The chair framed the discussion as part of a broader legislative effort to reduce delays and barriers to care, especially in behavioral health, chronic disease management, cancer treatment, and rehabilitation services. AB 384 by Assembly Member Connolly would prohibit prior authorization for inpatient mental health or substance use emergency admissions and related physician care; supporters said it would prevent dangerous delays in crisis care, while insurers and health plans warned about fraud, abuse, and ambiguity around residential treatment facilities. The bill was moved on a due pass as amended motion and passed the committee on a party-line style vote, with Republicans largely absent or not voting. The committee then heard AB 510 by Assembly Member Addis, which would require health plans, upon request, to provide a peer reviewer of the same or similar specialty when a treating provider appeals a prior authorization denial or modification. Supporters argued that specialty-matched review would make appeals fairer and more clinically informed; opponents said the requirement was too rigid and that timelines and electronic submission rules needed changes. After discussion about the need for timely, specialty-specific review, the bill was approved on a due pass as amended motion and placed on call. AB 539 by Assembly Member Schiavo would extend prior authorization approvals to one year or the duration of the physician’s prescribed treatment for chronic conditions; supporters cited repeated denials and treatment interruptions, while opponents raised concerns about overbreadth, fraud, and the need for shorter validity periods. The bill was also passed as amended and placed on call. The committee next considered AB 669 by Assembly Member Haney, which would bar concurrent and retrospective review for the first 28 days of medically necessary substance use disorder treatment and limit prior authorization for related outpatient medications. The bill was presented with a powerful personal story from Ryan Matlock’s mother about her son’s death after an insurer cut off treatment early; supporters said the measure would keep patients in care long enough to stabilize, while opponents argued it would reduce oversight and could allow lower-quality or non-evidence-based care. The bill was moved on a due pass as amended motion and placed on call. Finally, AB 512 by Assembly Member Harabedian would shorten prior authorization response times to 24 hours for urgent requests and 48 hours for non-urgent requests; supporters said delays can worsen outcomes, while opponents warned the timelines were unrealistic and could increase administrative burdens and safety issues. The bill was approved as amended and placed on call. AB 574 by Assembly Member Mark Gonzalez was then heard; it would allow up to 12 medically necessary physical therapy sessions for a new episode of care without prior authorization, with supporters emphasizing stroke and neurological recovery and opponents warning of reduced oversight and unnecessary care. The transcript ends during testimony on AB 574, before final action is shown.

Transcript Highlights:

• It is my hope that we can find a way to retain unemployment aid for our school hourly workers.
• We were able to maintain the intended use funds for our Funds for Student Support Personnel Aid for our
• Those are still paid for.
• And so for me, I know how important unemployment insurance (UI) is for hourly workers.
• I hope it doesn't for high school kids anymore; it's a really bad time to go to school when you're 15

Bills: HF1049

Committee: House Taxes

Keywords: school library aid, education finance, school districts, charter schools, funding eligibility

Transcript Highlights:

• Yeah, just for a question for the... Go ahead. How do we know when we win?
• Additionally, for some boards that have too high of a cash balance, House Bill 152 also gave the administrator
• Thank you for the presentation. Seeing none, thank you for the presentation.
• Set the stopwatch for 25 minutes for your benefit. Good afternoon, Mr. Chairman.
• I'd like to thank the Legislature and Governor Little for their support for water.

Summary: The House Resources and Conservation Committee met to consider several RS drafts and receive agency updates. The committee introduced RS 33151, described as a federalism bill intended to clarify state and federal roles in Idaho code; RS 33217, which would clarify distribution of the big game depredation fund so remaining money is paid pro rata to farmers and ranchers; RS 33284, proposing hunting as Idaho’s state sport; and RS 33287 C1, a revised version of a prior bill related to notice language and fish and game issues. RS 313185 was removed from the agenda at the sponsor’s request. The committee also approved pending rule docket 24-3501-2501 for the Outfitters and Guides Licensing Board. The committee then heard an extensive update from the Division of Occupational and Professional Licenses. Officials said the division now oversees more than 259,000 licenses across 44 boards and three safety programs, has consolidated offices and systems to improve efficiency, and is moving toward two-year renewals and more function-based organization. They also outlined upcoming executive legislation on controlled substances, board consolidations, and unified disciplinary procedures, and reported on fee reductions, zero-based rulemaking, and board cash-balance corrections under prior legislation. The Department of Water Resources and the Idaho Water Resource Board provided lengthy presentations on budget holdbacks, water administration, groundwater conditions, recharge, cloud seeding, the Bear River Compact, and a proposed merger with the Soil and Water Conservation Commission. Director Weaver described budget reductions, staffing challenges, delivery-call enforcement on the Eastern Snake Plain, expansion of groundwater administration into tributary basins, and new monitoring and modeling work in the Treasure Valley. Chairman Raybould reviewed state water funding, recharge and canal-efficiency projects, cloud seeding, and the ESPA sustainability program, including grants for groundwater-to-surface-water conversion and telemetry. The committee asked questions about aquifer management, canal lining and recharge, Bear River depletion rights, and conversion projects. The meeting ended with approval of the February 3 minutes and notice that another RS would likely be taken up at the final meeting later in the week.

Transcript Highlights:

• Woman Decker is the lead sponsor so you know we've got that going for us and we really hope the committee
• So I just hope that everybody realizes the importance of this, the need for this, and again, until this
• I hope that the committee will approve the amendments and send these bills to the legislature for a vote
• There is consistently a high level of demand for the program, which tells us that clinicians want to
• So the culture is changing and we hope to continue to change it and to make it easier for young women

Committee: Joint Joint Committee on Public Health

Keywords: 995, all

Summary: The Joint Committee on Public Health heard testimony on a wide range of bills focused on environmental health, disease prevention, and access to care. Major topics included restricting polystyrene use, creating a pancreatic cancer awareness and early-detection initiative, improving indoor air quality through a task force and new regulations, expanding access to epinephrine in public places, improving access to health care for people with long COVID, creating an OBGYN loan repayment program for underserved areas, expanding access to hygiene products, modernizing licensure for dietitians and nutritionists, updating school postural screening requirements, and restricting harmful diet pills and muscle-building supplements. Several legislators also testified in support of their own bills, including measures on menstrual product access and ingredient disclosure, and surgical smoke protections. Testimony on the polystyrene bill emphasized local municipal bans and the need to reduce plastic pollution. Pancreatic cancer advocates and patients described the disease’s low survival rate, the difficulty of early diagnosis, and the need for an awareness campaign and implementation of commission recommendations. Indoor air quality supporters from environmental justice groups, public health organizations, and residents described asthma, mold, pollution, and the need for a task force with technical expertise; some witnesses urged adding remediation professionals to the task force. On epinephrine access, family members of a man who died after a bee sting and an allergy organization stressed that anaphylaxis can be sudden and fatal and that stock epinephrine in public venues could save lives. Long COVID advocates said the condition affects hundreds of thousands of residents and called for better surveillance and access to care, with a request to include MECFS in the bills’ scope. Other testimony focused on workforce and equity issues. Supporters of the OBGYN loan repayment bill said it would help address maternal health disparities and provider shortages, especially in rural and underserved communities. Hope and Comfort described widespread hygiene insecurity and a long waiting list for basic products, urging a task force to study statewide solutions. Dietitians and nutritionists supported modernization of licensure to clarify standards for medical nutrition therapy while allowing broader wellness counseling. School nurses backed reducing mandatory postural screenings, arguing the current law is not evidence-based, is not reimbursed by MassHealth, and takes time from other student health needs. On the supplement bill, the industry trade group opposed restrictions as overbroad and burdensome, while a public health expert cited research linking weight-loss and muscle-building supplements to serious harms and urged passage. The committee also heard support for menstrual product access and surgical smoke protections, with legislators and advocates describing those bills as longstanding priorities.

Transcript Highlights:

• Carolyn, thank you so much for sharing your personal experience, and I hope that you are feeling better
• Carolyn, thank you so much for sharing your personal experience and hope that you are feeling better.
• For the record, my name is Emma Champagne. I'm a junior at Vashon Island High School.
• Those same savings help lower patients out-of-pocket costs for high dollar specialty medications.
• I hope you support SB 5981. Thank you for your testimony. Thank you for being here today.

Bills: SB5904 , SB5915 , SB6025 , SB5933 , SB5990 , SB5981

Committee: Senate Health & Long-Term Care

Keywords: nursing titles, licensure, healthcare professionals, patient safety, professional standards, SB 5915, health technology assessment, HTA, clinical committee, medical technology review, coverage determination, state-purchased health care, Washington health care, RCW, evidence-based medicine, cost-effectiveness, safety and efficacy, Medicare coverage, national coverage determination, clinical guidelines

Transcript Highlights:

• And I just spoke with DOE last week about consent-based permitting for high-level radioactive waste,
• have for me.
• Maybe for us who are older, well, okay, but for our younger people, for those who are middle-aged and
• For example, New Mexico Grown opened doors for USA.
• Do you have the capability for cold storage for these? For the carcasses?

Committee: House Water & Natural Resources Committee

Transcript Highlights:

• Well, I won't be here for the 2027 session, so I hope you all have a good time. Thank you.
• Lots of them talked about what it did for them for pain relief.
• Buprenorphine has been used for many years for some alcohol and opioid addiction treatment.
• If they... ...if they assayed for the 7-hydroxy product, if they assayed for it, and they're calling
• We hope to gather a full agenda for next Wednesday.

Summary: The working group met for a legislative-only discussion on kratom ahead of a special session, with members agreeing to keep remarks brief and noting a public open house and expert testimony would follow the next week. Staff provided an overview of kratom regulation, describing the substance, its psychoactive effects, reported health risks, federal DEA action on 7-OH, state approaches, and North Dakota’s recent executive action and special session call. Legislators then debated whether the state should prohibit kratom, regulate it, or distinguish between natural kratom and synthetic or concentrated 7-OH products. Several members cited extensive testimony from the 2025 session, including House Bill 1101, which would have scheduled kratom as a Schedule I substance and failed in the House, and House Bill 1566, which evolved into a study. Supporters of regulation emphasized testimony from people who said natural kratom helped with chronic pain or function, while others stressed concerns about addiction, adulterated products, youth access, infant withdrawal, and deaths linked to kratom or 7-OH. Members also discussed enforcement and public health issues, including whether the Good Samaritan law should be updated, how law enforcement would respond under the executive order, and whether withdrawal could drive people toward harder drugs. One member urged a temporary approach until the 2027 session, while others argued the short special session could still address a narrow ban on 7-OH and tighter controls on natural kratom. No votes were taken, and the meeting ended with plans for additional testimony and further legislative hearings during the special session.

Transcript Highlights:

• the week, one for the weekend, one for Sunday, one for Friday and Saturday, one...
• One for Friday and Saturday, one for Sunday as well.
• Utilities and high interest rates for loans have put many businesses, specifically the small and micro
• Utilities and high interest rates for loans have put many businesses, specifically the small and micro
• Our hearing for today, thank you to everyone for your participation and for sharing your insight.

Committee: Joint Joint Committee on Community Development and Small Businesses

Keywords: 995, all

Summary: The Joint Committee on Community Development and Small Business held an informational hearing focused on the conditions facing small and micro businesses in Massachusetts and the state programs intended to support them. Chairs Andy Vargas and Adam Gomez opened by emphasizing equitable economic development, the importance of CDFIs, and the need to help underserved entrepreneurs, especially women, minorities, veterans, immigrants, and other groups facing barriers. Committee members noted the hearing would not take up bills, and testimony was limited to 10 minutes per organization. State and quasi-public agency witnesses described current programs and funding. Dico Gibral of the Executive Office of Economic Development highlighted the Business Front Door, multilingual access, small business office hours in Gateway Cities, and funding in the Mass Leads Act, including support for CDFIs, small business technology, and capital grants. Tom Hooper of Commonwealth Corporation described workforce training programs such as the Workforce Training Fund, Workforce Competitiveness Trust Fund, and Career Technical Initiative, saying they help small businesses train workers, fill labor shortages, and support returning citizens and people with disabilities. Committee members asked about federal funding uncertainty, workforce migration, training schedules, and program uptake. Business and advocacy groups focused on cost pressures and regulatory burdens. The Massachusetts Restaurant Association urged continuation of outdoor dining and takeout alcohol sales, and pressed for relief from high credit card swipe fees, support for surcharging, and streamlining municipal licensing. The Retailers Association of Massachusetts cited survey results showing inflation, utility costs, payroll taxes, health insurance, and interchange fees as major concerns, and said many members might sell or close within five years; it also backed ending the state prohibition on surcharging and creating an Office of Main Streets Massachusetts. MACDC, BECKMA, and the Coalition for an Equitable Economy emphasized the need for more technical assistance, CDFI and small business funding, and protections against rising costs, tariffs, supply chain disruptions, and immigration enforcement impacts on immigrant-heavy business districts. No votes were taken.

Transcript Highlights:

• Um, we hope to do work for small businesses, more work in health care, more work in food support.
• 01:21:56.080><c> work</c><01:21:56.360><c> for</c><01:21:56.680><c> small</c> Um we hope to do work for
• small Um we hope to do work for small businesses, businesses, businesses, um<01:21:59.000><c> more</
• </c> for them. for them.
• It's certainly a high priority for our caucus, but I think it's a priority for all four caucuses.

Keywords: 1187, senate, all

Transcript Highlights:

• So I'll be coming and asking for authorization for that next session.
• So having a, you know, 1.6% for one month or a 15.1% for 10 years, a big number.
• You can't double that number, but, you know, that's a high return for a cash equivalent.
• that creates, that builds high-quality metal piping, which could be used for a lot of different purposes
• I hope this was helpful for you. It has been, yes. All right. Thank you, Jim.

Committee: Joint Legacy and Budget Stabilization Fund Advisory Board

Keywords: 908, all

Transcript Highlights:

• We have gone out for the bid for the Legacy Fund website, lovingly called the transparency website.
• So I'll be coming and asking for authorization for that next session.
• You can't double that number, but, you know, that's a high return for a cash equivalent.
• that creates, that builds high-quality metal piping, which could be used for a lot of different purposes
• I hope this was helpful for you. It has been, yes. All right. Thank you, Jim.

Committee: Joint Legacy and Budget Stabilization Fund Advisory Board

Summary: The committee met with a quorum, approved the October 22 minutes, and received an update on the planned Legacy Fund transparency website. Jody Smith said the site is in contract negotiations after six bidders responded, with a target go-live around November 1 after added security review. The website is intended to provide downloadable, more detailed public information on the Legacy Fund, including historical changes, legislative allocations, and investment breakdowns. Members asked about comparables and data detail, and Smith said North Dakota would likely be the first state to offer this level of sovereign wealth fund transparency. Scott Anderson of the Retirement Investment Office then reviewed Legacy Fund performance through January 31, 2026, describing strong returns, low fees, and the benefits of diversification. He noted that real estate had been a drag on returns, but it is a small portion of the portfolio, and he discussed market effects from geopolitical events, inflation, credit spreads, and private credit. Members also questioned the in-state investment program and the BND CD-Match program. Representative Bosch moved to pause new transfers to the CD-Match program until the bank reports back, and the motion passed on a roll call vote. The committee also agreed to request a cost-benefit analysis from RVK on that change. After lunch, the committee heard from RVK consultant Jim Voidko on the investment policy statement, focused on the in-state investment provisions. He reported that, after interviews with implementers and stakeholders, RVK found no major policy impediments in the current IPS and no strong calls to change the size limits or core guardrails. He emphasized the importance of risk-adjusted returns, diversification, pacing, exit strategies, and governance, and warned that foregone returns or higher spending obligations can pressure the fund’s long-term mission. He also recommended clearer terminology around “infrastructure,” distinguishing public infrastructure from commercial infrastructure, and noted unresolved policy questions about nexus and economic diversification. The committee then began reviewing proposed IPS updates with Rio staff.