Transcript Highlights:

• They received funding to install new sewers, and that provided environmental and recreational benefits
• They received funding to install new sewers, and that provided environmental and recreational benefits
• And that provided environmental and recreational benefits at Lake Harrington.
• </c> environmental and recreational benefits. environmental and recreational benefits.
• But there are a few environmental criteria as well.

Summary: The committee received a budget and program update from Kentucky Emergency Management on the state’s urban search and rescue buildout. Eric Gibson and Doug Hargrave said the legislature’s funding was used to create FEMA-type urban search and rescue capacity, including Kentucky Task Force 1 and 2, the incident support team, and the helicopter aquatic rescue/hoist team. They emphasized that the effort is not just equipment purchases but also training, credentialing, warehouse and training-facility development, canine program expansion, and coordination with local search and rescue agencies across the Commonwealth. Gibson reported that the agency executed 99.4% of the $16.175 million appropriation by the end of the fiscal year and said the team met its readiness target ahead of schedule, with equipment already being deployed in recent flood response operations. He also said $500,000 per year was set aside for local search and rescue grants, with about $482,000 awarded to 29 teams in one year and $490,000 to 36 teams in the next, averaging about $20,000 per grant. Several members urged the committee to consider increasing support for local responders in future budgets, noting rising equipment costs and the importance of local teams as first on scene. Members asked about staffing, coverage, and benefits. Gibson explained that the task force is a mixed workforce of full-time fire personnel loaned from local departments, professional service staff such as doctors and engineers, and temporary deployment staff, with workers’ compensation coverage provided through KYEM and/or home agencies depending on the arrangement. He also said local search and rescue members are not currently included in line-of-duty death benefits. In response to questions about coverage and deployment, he described the two task force locations as designed to keep resources within roughly 100 miles of every Kentuckian. The discussion also turned to recent flood response and disaster recovery. Gibson said the state had mobilized up to 24 teams over the weekend, documented roughly 60 to 80 water rescues or assisted evacuations, and was seeing significant damage in counties such as Cumberland, Clinton, and Metcalfe, including agricultural losses. He said several counties were meeting FEMA public assistance thresholds and that the state was preparing a broader relief request that could include FEMA, SBA, and USDA assistance. He also updated members on efforts to claw back and reallocate unused “strained fiscal liquidity” funds by the statutory deadline, saying notices were sent and funds were redirected where possible to unmet local needs.

Transcript Highlights:

• SB 1510 on the Department of Environmental Protection by Senator Massulo.
• This bill is the Department of Environmental Protection Agency's package.
• It eliminates the Environmental Regulation Commission, transfers rulemaking authority directly to the
• It's bad environmental policy and it's bad fiscal policy, and because of this provision we oppose the
• Alex Cronin, Florida Department of Environmental Protection, waiving in support.

Summary: The committee took up a long agenda of bills, beginning with several measures that were amended and reported favorably, including a strike-all to SB 4 on child protective investigations and specific medical diagnoses, SB 1570 restoring a statewide missing-persons project for individuals with special needs, and SB 182 creating a teacher training and mentoring program for schools needing improvement. Members also advanced SB 794 on APD background screening and support coordination standards, SB 1168 on background screening for athletic coaches and related entities, and SB 214 to let rural special districts pay verified invoices directly for state- and federally funded work. Supporters emphasized improved child welfare investigations, help for families of vulnerable individuals, teacher retention, and better administrative efficiency; the APD bill drew especially strong testimony from waiver clients and providers about the importance of competent support coordinators and stable services. The committee also favorably reported SB 1376 on grants for genetic counseling education, SB 1574 requiring newborn screening for biliary atresia, SB 1510 as the DEP agency package with environmental, septic, water quality, solar, and permitting changes, and SB 598 updating funeral and cemetery licensing and consumer protections. SB 688, after a delete-all amendment, would create licensure for naturopathic doctors and a board of naturopathic medicine; it drew strong support from naturopathic advocates and sharp opposition from a critic who argued the bill would authorize diagnosis and treatment beyond appropriate limits. SB 1318 made a technical change to scholarship account reversion language, with senators clarifying that remaining funds would return to the scholarship funding organization for future use rather than to the state. Later, the committee approved SB 682 on domestic violence and protective injunctions, SB 130 on workforce training for current and former inmates, and SB 1548, the latest Live Local Act iteration expanding affordable housing options and limiting local barriers. It also reported favorably SB 536 on criminal gang membership criteria after extensive debate about constitutional issues and modern gang activity, SB 762 allowing cross-jurisdiction assignment of capital cases among regional conflict counsel offices, SB 1332 strengthening career offender registration requirements, SB 1742 creating a new offense for indecent exposure of sexual organs to a minor, and SB 1750 increasing penalties for serious sex offenses and child sexual abuse material crimes. The most contentious discussion came on SB 1226, which would overhaul Public Employee Relations Commission rules, require majority support for union certification, and impose new limits on union activities and dues-related practices; members debated constitutional concerns, differences between first responders and other public employees, and the bill’s impact on union representation and public-sector labor rights. Most bills were reported favorably by roll call, with SB 536 drawing several no votes and SB 1226 still under active debate at the end of the transcript.

Transcript Highlights:

• This test considers various environmental factors like ecological functions... ...or blowouts.
• Further, there is language in here that prohibits the Department of Environmental Protection and local
• of Environmental Protection may adopt rules regulating auxiliary containers' to 'Department of Environmental
• My understanding is that the Florida Department of Environmental Protection stormwater permits mandate
• I find this bill to be not only environmentally unsound, but un-American. Please oppose it.

Committee: Senate Rules

Summary: The committee took up a series of bills, beginning with SB 1422 on unmanned aircraft systems. The bill increases penalties for flying drones over critical infrastructure, prohibits drones equipped with weapons or explosives, creates a first-degree felony for drones carrying a weapon of mass destruction, and includes a law enforcement exception. A lay-filed amendment by Senator Pizzo warning against the use of force to shoot down drones was debated but failed, and the bill was then reported favorably. The committee also reported favorably on SB 846 addressing notary public fraud in immigration-related services, SB 650 on hazardous walking conditions for school transportation, SB 922 on employment agreements including non-compete and garden leave provisions, and SB 1820 on motor vehicle manufacturer and dealer relations, covering performance measures, retaliation, and franchise termination standards. Several bills focused on education, health care, and disability issues. SB 540, the Evan B. Hartzell Act, would require disability history and awareness instruction across grade levels; it drew emotional testimony from the bill sponsor, family members, and supporters, and was reported favorably. SB 998 would allow advanced practice registered nurses to certify deaths and file death certificates in hospice settings under physician protocol, and SB 1412 would modernize home health agency rules by expanding administrative flexibility and contract service use; both passed. SB 1736 would allow direct support professionals and relatives to administer insulin in group home settings for individuals with developmental disabilities, and it was also reported favorably. The committee also advanced several regulatory and court-related measures. SB 1650 expands Florida’s vexatious litigant law, including allowing designation based on conduct in a single case and extending the look-back period, while SB 1652 creates a public records exemption for certain stricken non-criminal court filings; both were approved. SB 1076 on roofing contractors was amended to require continuing education for roof-to-wall connections and then passed, and SB 1078 on fire prevention was amended with stakeholder-agreed language before being reported favorably. SB 1080 on local government land regulations, after multiple amendments and significant debate over agricultural enclaves and local control, was also approved. Other major measures included SB 818 on utility relocation, which creates a relocation fund funded by a portion of communications services tax revenue and was supported by multiple industry and local-government groups after a compromise amendment; SB 868 on social media use by minors, which would require a decryption mechanism for law enforcement access under subpoena and prohibit disappearing messages for minors, remained under discussion as the transcript ended. The committee also heard SB 96, a claims bill for Jacob Rogers against the City of Gainesville, and reported it favorably after testimony that the city would pay the settlement amount.

Transcript Highlights:

• The regulations that apply would be environmental regulations, as stated here, that would apply to everybody
• The regulations that apply would be environmental regulations, as stated here, that would apply to everybody
• The regulations that apply would be environmental regulations, as stated here, that would apply to everybody
• </c><01:12:45.320><c> attributes</c><01:12:45.840><c> from</c> attendant environmental attributes from
• attendant environmental attributes from electric<01:12:46.480><c> energy</c><01:12:46.800><c> sources

Committee: House Science, Technology and Energy

Transcript Highlights:

• </c><00:24:27.039><c> with</c><00:24:27.200><c> a</c><00:24:27.360><c> newborn</c> group is for bonding
• with a newborn group is for bonding with a newborn child.<00:24:28.640><c> Uh</c><00:24:28.960><c> so
• So I was surprised to hear that the majority of the users are taking time off to bond with a new child
• even though it's a under bonding even though it's a combination<00:27:55.840><c> of</c><00:27:56.080
• uh would kick in under paid bonding uh would kick in under paid family<00:28:22.000><c> leave.

Committee: Senate Finance

Transcript Highlights:

• Right now, overweight vehicles require a surety bond approved by both the Comptroller and Attorney General
• This bill permits TxDOT to approve the bonds directly, eliminating bureaucracy and speeding up the process
• If they approve the highway crossing agreement, they go out and they have to get a bond that will cover
• So TxDOT does that; they get the agreement done, they get the bond.
• Okay, and then in your experience, have you ever seen a bond that TxDOT approved, or your office, that

Bills: HB137 , HB283 , HCR114 , HB137 , HB283 , HB1398 , HB1960 , HB2153 , HB2431 , HB2638 , HB2699 , HB2999 , HB3208 , HB3389 , HB3413 , HB3510 , HB3642 , HB3859 , HB3974 , HB3986 , HB4142 , HB4173 , HB4174 , HB4542 , HB4605 , HB4663 , HB4731 , HB5064 , HB5216 , HB5218 , HB5332 , HB5453 , HB5577

Committee: House Transportation

Transcript Highlights:

• Uh, bonding obviously is a more cost-effective way to do it, and so, uh, whatever we can do to help facilitate
• Since you have raised any money apart from requesting the state for GO bonds towards this community,
• 08:43.760><c> go</c> apart from requesting the state for go apart from requesting the state for go bonds
• :46.920><c> Community</c><00:08:47.399><c> H</c><00:08:47.839><c> we</c><00:08:48.040><c> have</c> bonds
• towards this k Community H we have bonds towards this k Community H we have raised<00:08:48.880><c>

Summary: The Committee on Hawaiian Affairs met on February 13 and heard testimony on three measures before taking up decision-making. On SB 1410, the Department of Hawaiian Home Lands supported the bill as a practical way to require counties to timely respond when DHHL seeks transfer of infrastructure or facilities, and the chair later recommended passage without amendment. The committee adopted that recommendation, with Senator Ihara excused. The committee then heard extensive testimony on SB 1549, which would help fund the Kahili Homestead community’s planned multi-service center and park improvements. DHHL supported the measure, and community witnesses described a 16-year planning process, prior grant and developer funding, completed phase-one park work, and the need for state bonding to complete phase two. Members asked about community engagement, fundraising, and whether the design included features such as a lāʻau garden, Hōlua mound, imu hall, craft pavilion, and space for Native Hawaiian games and lua practice. The chair recommended passage of SB 1549 unamended, and the committee adopted the recommendation. The committee also considered SB 903, described as a housekeeping bill to create a vehicle for continued funding of OHA after the current working group sunsets. The chair recommended passage with amendments incorporating the contents of proposed Senate Draft 1 and recommittal to the Hawaiian Affairs committee, and that recommendation was adopted. The meeting then shifted to a joint hearing with Transportation and Culture and the Arts on SB 614, relating to Hawaiian Independence Day, and SB 1051, relating to Hawaiian History Month. Testimony on SB 614 was largely supportive, emphasizing cultural recognition and education, though one witness from Hawaii Sovereignty Studies opposed it; the Office of Collective Bargaining said it did not yet know the cost. SB 1051 also drew support, with testimony stressing the importance of teaching the history of the overthrow and Hawaiian sovereignty. Both bills were advanced with amendments, including technical changes and effective dates, and both committees adopted the chair’s recommendations.

Transcript Highlights:

• More through budget requests, because no more would be allocated under the Prop 1 bond.
• We no longer have bond money.
• We've done two rounds of the bond B-chip. Yes.
• , in March we did the bond round two.
• I think it's over $200 million that we did with our tribes just for the bond alone.

Transcript Highlights:

• Excellency, the Governor, recommending legislation relative to providing for the terms of certain bonds
• Excellency, the Governor, recommending legislation relative to providing for the terms of certain bonds
• Joint Rule 1F, the message from Her Excellency, the Governor, will be referred to the Committee on Bonding

Summary: The House received a gubernatorial message recommending legislation on the terms of certain Commonwealth bonds, which was referred to the Committee on Bonding, Expenditures and Capital Assets. The Committee on Rules also reported a congratulatory resolution for Jason X. Rosala’s Eagle Scout achievement, which was adopted after suspension of the rules. In addition, the House adopted an order extending the Labor and Workforce Development Committee’s reporting deadline to December 3, 2025, and suspended Joint Rule 12 to send several petitions to committee, including matters on Medicare coverage for end-stage renal disease, two sick leave bank proposals, and transportation of certain loads. The House then took up a slate of bills for second and third reading, including measures on retail sales, innovation and entrepreneurship, charity alcohol auctions, water flow in the Central Plymouth County Water District, a Wellfleet food pantry lease, the Richmond Free Public Library, procurement regulations for Cambridge and the Commonwealth, and charter changes for Provincetown. All were ordered to a third reading. Later, the House passed to be engrossed House Bill 3912 to increase the Marblehead Board of Health from three to five members, House Bill 4323 establishing a sick leave bank for a State Police employee, House Bill 4324 establishing a sick leave bank for an Appellate Tax Board employee, and House Bill 4263 establishing a charter for the city of Medford. The House also adopted an order from Representative Mariano setting the next meeting for Monday at 11:00 a.m. After that, Representative Soder moved adjournment, and the House adjourned to meet Monday next at 11 a.m. in an informal session.

Transcript Highlights:

• Senate Bill 378 modernizes Oklahoma's multi-county bail bonds statute by allowing flexibility in writing
• guardrails and enhances oversight and transparency, and prevents disruption to courts and outstanding bonds
• guardrails and enhances oversight and transparency, and prevents disruption to courts and outstanding bonds

Bills: SB1684 , SB1443 , SB1447 , SB378 , SB1920

Committee: House Insurance

Summary: The committee considered several bills and moved each one forward without opposition. Senate Bill 1684, presented by Representative Bayshore, would require highway remediation companies to carry at least $3 million in liability insurance before entering roadways to protect the public; it passed 6-0 and was recommended to the next committee. Senate Bill 378, also presented by Bayshore, would modernize the multi-county bail bonds statute by adding flexibility in writing capacity and strengthening financial oversight and transparency; it passed 6-0 and was recommended for the floor. Senate Bill 1447, presented by Representative Marti, would change requirements for the RFP for the state employee prescription drug plan. Marti used the presentation to sharply criticize the State Chamber and outside messaging about the bill, arguing the legislation would not raise drug costs and that similar laws in other states have produced savings; the bill passed 6-0. Senate Bill 1920, presented by Representative Tedford, would raise the salvage title threshold for autos from 60% to 70% to align more closely with neighboring states and avoid prematurely totaling vehicles; it passed 6-0 and was sent to the next committee. After a brief suspension, the committee took up Senate Bill 1443, presented by Representative Sneed on behalf of Chairman Chad Caldwell, which concerns anesthesia services. No questions or debate were raised, and the bill passed 6-0. The meeting then adjourned.

Transcript Highlights:

• The Chair lays before the Senate the following report from the Department of Environmental Protection
• Gurdis, the Department of Environmental Protection is pleased...

Summary: The Senate met in a non-voting session, opened with prayer and the Pledge of Allegiance, and received routine communications from the President pro tempore, the Governor, and the House. The House transmitted Senate Bills 604, 971, 972, and 1259, and several Senate and House bills and resolutions were referred to committees, including Judiciary, Appropriations, Finance, Education, Transportation, Labor and Industry, and others. The Senate also noted reports from the Department of State and the Department of Environmental Protection, and announced a minority leader appointment of Boyes Butler to the Philadelphia Regional Port Authority. The chamber recessed briefly for committee meetings, including Judiciary and Appropriations in the Rules Room. When the Senate returned, Senator Pittman moved that all bills and resolutions on the day’s calendar go over in their order without prejudice, and the motion was adopted without objection. Committee reports were then received: Appropriations reported House Bills 2401, 2412, and 2413 as committed, and re-reported several other House bills as committed; Judiciary reported House Bill 1042 as amended. The Senate then agreed to proceed on the first-time committee reports for House Bills 1042, 2401, 2412, and 2413, and moved on without further action. Announcements indicated the Appropriations Committee would meet the next day to consider House Bills 1042, 1505, and 2400. The Senate finally adopted a motion to recess until Saturday, July 11, 2026, at 5 p.m., unless recalled sooner.

Transcript Highlights:

• What it does is extend the Resilient Florida Trust Fund within the Department of Environmental Protection
• and changes the program from FLARE. ...within the Department of Environmental Protection and changes

Summary: The Agriculture and Natural Resources Budget Subcommittee met with a quorum and heard House Bill 1313, an agency bill by Representative Mooney. The bill extends the Resilient Florida Trust Fund within the Department of Environmental Protection and updates the state accounting reference from FLARE to the new POM system. A technical amendment removing the obsolete FLARE account code was adopted without objection, and the bill then passed favorably on a recorded vote with no public testimony or debate. After the bill, the chair reviewed budget process materials for the committee, including agency vacancy reports and three-year reversion reports. She noted that several agencies have relatively low vacancy rates, highlighting the Department of Agriculture and Consumer Services as especially efficient, while DEP’s vacancy rate was higher and a member asked about long-term vacancies there. On reversions, she said DACS had only about a 2% reversion rate over three years, while Citrus averaged about 40%, DEP about 12%, and Fish and Wildlife about 10%. The chair also discussed upcoming budget recommendations and asked members to review the materials and raise questions. She flagged trust fund concerns, especially for Fish and Wildlife, saying recent license fee waivers may reduce revenue supporting its trust fund and could affect funding decisions in the next budget. The meeting ended after brief clarification on the vacancy report and a motion to re-recess.

Transcript Highlights:

• the governor would automatically end unless there was a supermajority vote, the same amount as a bonding
• bill in both same amount as a bonding bill in both houses<00:01:40.280><c> members</c><00:01:40.720>
• I mean, look how hard it is for us to pass a bonding bill with a supermajority vote.
• I mean, look how hard it is for us to pass a bonding bill with a supermajority vote.
• I mean, look how hard it is for us to pass a bonding bill with a supermajority vote.

Transcript Highlights:

• Because we've seen time and time again that we blame social media and other environmental factors that
• However, what we don't understand is that depression is a combination of biological, environmental, and
• is a heterogeneous disease, which means that it looks from the biological, psychological, and environmental

Committees: House Science & Technology , House House Science & Technology Committee of Reference

Transcript Highlights:

• HB 2334, relating to transportation environmental review, authorizes the Department of Transportation
• to assume responsibilities under the National Environmental Policy Act of 1969 for highway projects
• </c> relating to transportation environmental relating to transportation environmental review<00:21:22.080
• Policy Act of 1969 for Environmental Policy Act of 1969 for highway<00:21:28.799><c> projects</c><00
• </c> Streamlined environmental reviews provides a limited waiver of sovereign immunity to comply with

Summary: The Transportation Committee met on February 5 and heard testimony on a long agenda of transportation-related bills. Early measures included HB 2392, which would create an employer tax credit for transportation demand management benefits; HB 2462, which would bar auto manufacturers and dealers from charging post-sale fees for already-installed hardware; and HB 2423, which would require diesel sold for on-road use to contain at least 5% biodiesel. HB 2392 drew support from the Oahu Metropolitan Planning Organization and one individual, with the Department of Taxation and the Tax Foundation offering comments. HB 2462 drew support from DCCA and one individual, while the Alliance for Automotive Innovation opposed it. HB 2423 drew comments from the Hawaii State Energy Office and Hawaii Farm Bureau, support from Pacific Biodiesel and the Hawaii Transportation Association, and a question from the chair about whether biodiesel is exported; the witness said production stays local. The committee also heard HB 1771 on voluntary carbon offsets for air travel, HB 2081 on requiring firefighters exempt from CDL rules to follow equivalent alcohol and substance abuse policies, HB 2334 on allowing the Department of Transportation to assume NEPA responsibilities for certain projects, and HB 2336 on DOT agreements with the Department of Defense for work at military installations using federal funds. HB 1771 drew comments from Life of the Land warning that carbon offsets are often unreliable and could create liability, while Alaska Airlines and Hawaiian Airlines offered comments. HB 2081 received support from DOT, county human resources offices, fire departments, and county officials, with the Hawaii Firefighters Association in opposition. HB 2334 was supported by DOT, and the director said other states using NEPA assignment can complete projects in about half the time. HB 2336 was supported by DOT, HIEMA, DBEDT’s military relations office, and the Hawaii Military Affairs Council; the committee discussed the administrative fee as a way to recover costs under an intergovernmental agreement. The most extensive testimony centered on HB 1666, which would limit new motor vehicle markups above 5% of MSRP and require recordkeeping. Multiple dealer groups and the Hawaii Automobile Dealers Association opposed it, arguing it would threaten dealership operations, especially in Hawaii’s high-cost market and for vehicles without an MSRP. The committee also heard HB 2375 on uniform towing and parking enforcement standards on state and leased lands, including notice, disability protections, payment safeguards, and public reporting; DLNR, DAGS, and several advocacy groups testified, with strong public support and concerns about towing practices and ADA compliance. HB 2415, which would appropriate funds for crosswalks near school properties, drew support from DOT, DOE, and the Hawaii Bicycling League, and the committee discussed how counties would request projects and how funding would be allocated. Finally, HB 2451, which would move Hawaii toward fare-free public transit beginning in 2027 and create a dedicated funding source through a petroleum tax increase, received broad support from DOT, the Energy Office, public health and advocacy groups, and many individuals; DOE testified that it currently uses about $2.1 million for student bus passes and that the program is tied to savings from inactive school bus routes.

Transcript Highlights:

• The other piece we're looking at is going into a bonding for the Department of Transportation.
• The bonding would be for approximately 290 million.
• And this would be the bonding, a series of probably between 10 to 20 years.
• Now the question is why we would be doing bonding.

Transcript Highlights:

• And if we're going to get any of these bond dollars out, we've got to have this ready, so if you'll indulge
• potentially beautiful park space that still serves the flood purposes and if we're going to get any of these bond
• dollars out we've got to have this ready so purposes and if we're going to get any of these bond dollars

Committee: Senate Natural Resources and Water

Summary: The Senate Natural Resources and Water Committee met with a quorum present and heard one bill, SB 832 by Senator Allen. The bill would update the statute governing the Upper Los Angeles River and tributaries working group to reflect its ongoing role, require it to meet at least annually to report on implementation of the revitalization plan and possible amendments, and adjust membership to better reflect current district boundaries and representation, including adding the Los Angeles City Council member with the most Upper L.A. River miles in their district. Senator Allen and April Bird of the Mountains Recreation and Conservation Authority, the sponsor, said the working group’s 2020 revitalization plan identified 300 opportunities and projects, with 18 currently underway, and that the changes were intended as a minor administrative update to improve geographic representation and regular oversight. There was no opposition testimony. Senators discussed the prior meeting schedule and the need to codify annual meetings, and Senator Stern expressed support and asked to be added as a coauthor. Senator Laird moved the bill, and the committee voted 6-0 to pass SB 832 to the Senate Appropriations Committee. After the vote, the chair adjourned the meeting.

Transcript Highlights:

• We started requiring bonds from our non-resident surplus line brokers with our reciprocal agreement with
• My understanding is, of course, this bond is only to protect and guarantee the premium tax that we collect
• Other states don't charge, so this fixes that and takes away where we will not be charging bonds to out-of-state

Bills: SB96 , SB97 , SB130 , HB230 , SB154 , SB93 , SB99 , SB96 , SB97 , SB130 , HB230 , SB154 , SB93 , SB99

Committee: House Insurance

Keywords: salvage title, salvage certificate of title, rebuilt title, flood vehicle, junk vehicle, total loss, motor vehicle title, vehicle branding, insurance claim, insurance company, Department of Revenue, vehicle inspection, rebuilder, automotive dismantler, parts recycler, secondary metals recycler, junkyard, vehicle identification number, VIN, stolen vehicle

Transcript Highlights:

• If not, the standard requires a blended discount rate that incorporates the municipal bond rate.
• These were unspent bond proceeds reported as restricted investments.
• All bond proceeds were invested in CDs when the bond was issued at BND, and this was for the construction
• Then there's a schedule of bonds payable and certificates of participation for each institution.
• for bonds, all that gets used for debt service relief.

Summary: The committee met to receive a series of audit presentations, beginning with the statewide Annual Comprehensive Financial Report (ACFR) for fiscal year 2025. The State Auditor’s Office and OMB reported a clean, unmodified opinion for the state, with strong financial results including a $40.6 billion net position, $30.99 billion in assets, $1.81 billion in liabilities, and continued Legacy Fund growth. OMB also explained the new GASB 101 compensated-absences reporting change and discussed pension-liability fluctuations tied to discount-rate assumptions and investment performance. Members asked about how the state compares to others and about the effect of short-term commodity price swings, and OMB said the report reflects actual fiscal-year results rather than forecasts. The committee then heard the University System audit, which also received a clean opinion but included four findings: misreporting of Strategic Investment and Improvements Fund revenue, insufficient monitoring of service organizations at CTS, NDSU, and UND, improper bank reconciliations at Dakota College of Bottineau, Dickinson State, and Williston State, and investment/cash reconciliation problems at Bismarck State College related to bond proceeds. University officials agreed with the findings and said corrective actions were underway, including internal review of bank reconciliations. Members raised questions about NDSU’s use of certificates of deposit, and university staff explained that CDs are used to earn interest on funds being accumulated for future projects. Several other audits were presented, most with clean opinions and no findings, including the State Auditor’s Office, Workforce Safety and Insurance, Housing Finance Agency, Housing Incentive Fund, Job Service North Dakota, the Retirement and Investment Office, PERS, the Center for Distance Education, the Commission on Legal Counsel for Indigents, the Ethics Commission, and the Office of Administrative Hearings. Notable exceptions included a State Fair Association audit with an adverse opinion on the foundation component unit because its financial statements were not available for audit, and a Securities Department performance audit finding that performance-based pay increases and bonuses were issued without required evaluations. The committee also discussed the State Auditor’s future needs, including more staff capacity, data analytics, cybersecurity reviews, possible subpoena authority, independent legal counsel, and whether some audits—such as the Ethics Commission and State Fair—should be handled by independent third parties or under different statutory arrangements.

Transcript Highlights:

• </c> permission the authority to issue bonds permission the authority to issue bonds for<00:15:48.520
• have to be revenue bonds because they're for a private entity.
• can refund the bonds in order to get more favorable rates, etc.
• can refund the bonds in order to get more favorable rates, etc.
• The county may also issue bonds to refund the bonds, which is a common practice in finance that we often

Committee: Senate Taxes