Transcript Highlights:

• </c><00:31:46.240><c> um</c> helping with the energy environmental um helping with the energy environmental
• We have all witnessed firsthand the effects of environmental decline.
• </c><01:11:34.480><c> Be</c><01:11:34.640><c> it</c> effects of environmental decline.
• Be it effects of environmental decline.
• Global instability, economic volatility, environmental threats, and political tensions.

Keywords: 910, house, all

Transcript Highlights:

• </c> taxpayer funds at risk since the bonds taxpayer funds at risk since the bonds are<00:40:55.599><
• So until 2028 bond cap capacity already.
• So, um bonds and all these other assets.
• If not, Vice Chair, please take the vote. revenue bond amount of 40,000 for revenue bond amount of 40,000
• </c> also notes that the special revenue bond also notes that the special revenue bond has<01:17:19.920

Keywords: 910, house, all

Summary: The joint hearing covered several bills focused on economic development, tourism, business climate, and related policy areas. On HB 1943, which would support a DBEDT office in Korea, DBEDT and the Retail Merchants of Hawaii testified in support, emphasizing Korea’s importance as a market for investment, trade, and tourism and the value of helping small and midsize Hawaii businesses access Asian markets. A later witness also tied the proposal to broader free-trade and APEC-related goals. The committees heard no opposition on that measure. The committees then heard HB 1612 and HB 1614, both supported by multiple organizations and agencies. Testimony for HB 1612 stressed Hawaii’s weak business climate and the need for policies that improve economic growth and competitiveness; the Hulamua Collaborative cited survey results showing only 19% of respondents viewed Hawaii as a good place to do business. HB 1614 also drew support, with HTC saying its focus is on economic growth. For HB 1968 and HB 1967, the Office of Planning and Sustainable Development, the University of Hawaii, the Chamber of Commerce, and Hulamua Collaborative largely stood on written testimony in support; the hearing notes reported nine supporters and one opponent on HB 1968, and seven supporters with one comment on HB 1967. A substantial portion of the hearing focused on HB 1589, a bill to create dementia training and recognition for businesses. Testifiers included a private citizen sharing a personal family story, the Alzheimer’s Association, and DBEDT. Supporters said the measure would help families affected by dementia, reduce stigma, and make businesses more dementia-friendly. DBEDT said the issue would be better handled by an agency with dementia expertise, while the Alzheimer’s Association said it could provide training at no cost and suggested amendments to shift implementation toward the Executive Office on Aging and to use the term “dementia business champion.” The final major topic was HB 1608, involving a space-related project and financing. Phoenix Space testified that the bill would help launch responsive space access operations at Hilo International Airport, create local jobs, and support partnerships with Hawaii institutions, while another supporter said the project could diversify the economy. A committee member raised a timing concern, noting bond cap capacity was already allocated through 2028, and the witness said they were willing to work on a solution. The hearing also included HB 1850 on capital gains taxation, where supporters argued the bill would make the tax system fairer by increasing taxes on investment income, while the Chamber of Commerce opposed it. No votes or final committee actions were taken during the hearing.

Transcript Highlights:

• Normally if you're on probation and you get a bond, the bond gets increased.
• In addition, he also set $100 bonds for sexual assault and kidnapping as well.
• Protective order violating his bond conditions and still was allowed to remain on bond as well.
• We had another individual who had was out on bond.
• While out on bond again, he violated a protective order.

Bills: HB316

Committee: House Criminal Jurisprudence

Keywords: Medicaid, healthcare, affordable care act, medical assistance, federal funding

Transcript Highlights:

• I mean, they bond, they exhaust their bonded indebtedness, and they pay just a fractional cost to what
• State charter schools may be considered by school districts when GEO bonds are issued, but it is not
• , although I think you may have been included in a bond historically.
• This required bond issuance from Wisconsin and a bank in Denver.
• We were willing to purchase the bonds, which is really bizarre when we're talking about efficiency.

Committee: House Public School Capital Outlay Oversight Task Force

Transcript Highlights:

• So overall, the net environmental benefit wouldn't be very large.
• So on the environmental side, both greenhouse gas and localized air quality benefits...
• We want to continue our environmental standards at the level that they're at.
• More supply of fuels that are both affordable and then meet our environmental goals.
• , ultimately our environmental objectives.

Summary: The subcommittee first heard an informational overview from the Governor’s Office of Service and Community Engagement (GoServe), including California Volunteers, the Office of Community Partnerships and Strategic Communications, and the Youth Empowerment Commission. GoServe reported strong participation in programs such as California Service Corps, College Corps, Youth Service Corps, Climate Action Corps, and the new men’s service challenge. Testimony emphasized enrollment, retention, and completion outcomes, outreach results, and efforts to reduce administrative costs. The Department of Finance said the administration supports the programs but has already made reductions to help address the budget deficit, while the LAO said it had no new recommendations on the informational item. Committee members raised questions about program scale, demographics, and effectiveness, especially for Climate Action Corps and whether the programs are duplicative of existing volunteer opportunities. One member criticized the programs as too fragmented and costly, while others asked for more data on who is being served and whether the programs increase actual participation in state services. GoServe said it would follow up with demographic and regional impact information. The committee also discussed the men’s service challenge, which GoServe said has formed partnerships with organizations such as YMCAs and Big Brothers Big Sisters and has already attracted more than 2,000 participants. The item was informational only. The committee then heard a BOE overview and a budget request to implement SB 293, which gives wildfire-affected families additional time to claim intergenerational Prop. 13 property tax transfers. BOE requested $154,000 for guidance, public materials, and inquiry response, explaining that the work is urgent and tied to disaster relief in Los Angeles County, especially Altadena. The LAO had no concerns, and Finance had no comment. Members asked how many cases might be affected and whether more funding would be needed later; BOE said the full number is not yet known and that future requests are possible. The committee also heard BOE’s IT modernization proposal for the state-assessed property tax system, a 30-year-old mainframe replacement costing $3.2 million in 2026-27 and $3.1 million in 2027-28. BOE and Finance supported the project as necessary, while the LAO said it had no concerns but urged a high bar for new IT spending. Members generally supported modernization but cautioned about implementation risk. Finally, CDTFA presented an overview and two policy proposals. The department described administering 42 tax and fee programs, collecting $98 billion in FY 2024, and improving administrative efficiency. Members then discussed local sales tax tools and revenue-sharing agreements, with concerns raised about transparency, consultant-driven tax allocation disputes, and the impact on local communities. CDTFA and the LAO explained that local jurisdictions control how district sales tax revenues are spent and noted the Legislature could revisit the statutory cap on local add-on sales taxes. The committee then heard CDTFA’s proposal to treat all delivery network companies as marketplace facilitators so they must collect and remit sales tax on delivery-app orders. CDTFA said the change would resolve confusion, shift compliance from thousands of small restaurants to a few large platforms, and raise about $44 million annually. Several members questioned whether the proposal would effectively raise consumer costs and whether it would create a competitive advantage or disadvantage among delivery platforms. The item remained under discussion, with no vote taken in the transcript.

Transcript Highlights:

• So overall, the net environmental benefit wouldn't be very large.
• So on the environmental side, both greenhouse gas and localized air quality benefits.
• We want to continue our environmental standards at the level that they're at.
• More supply of fuels that are both affordable and then meet our environmental goals.
• , ultimately our environmental objectives.

Keywords: 987, senate, all

Transcript Highlights:

• We offer environmental services across the Commonwealth for those who are downwind and downstream of
• environmental pollution.
• We offer environmental services across the Commonwealth for those who are downwind and downstream of
• environmental pollution.
• Natural Resources and Environmental Protection Cabinet. So I am here on my own.

Keywords: 958, all

Summary: The committee first took up House Bill 90 / Senate Bill 17, a birth-related measure backed by the Kentucky Birth Coalition. Sponsors said the bill had been worked on for several years and described changes including a transfer agreement, insurance requirements, proximity to a hospital, informed consent, and accreditation/medical director standards that helped win neutral or non-opposition from the Hospital Association. The bill was reported favorably after a roll call vote with unanimous support. The committee then heard Senate Bill 65, presented by Senator Steve West and Representative Derrick Lewis. They said the bill would make regulations found deficient through the committee review process null and void by statute, and would bar agencies from reissuing the same or similar language for up to a year. Supporters argued this was needed to hold agencies accountable because deficiency findings alone had not led to action. After questions about specific Medicaid behavioral health regulations and concerns about legislative overreach, the bill passed the committee on a roll call vote, with some members passing or explaining reservations. Finally, the committee considered Senate Bill 84, with a House committee substitute. Sponsors said the substitute was intended to strengthen the bill and reflect the U.S. Supreme Court’s Loper Bright decision by ending Chevron deference and requiring courts, not agencies, to interpret law. Opponents, including Audrey Ernsberger and Katherine Hargraves, argued the bill would intrude on the judiciary, violate separation of powers, and could harm public health, environmental, and workplace protections. Committee members also raised concerns about whether the bill told courts what standard to use; sponsors responded that agencies could still present persuasive arguments, but courts should not defer to them. The committee substitute was adopted, and the bill then passed the committee on a roll call vote, with several members passing or expressing constitutional concerns.

Transcript Highlights:

• In my work here in New York for the past 30 years, including as Deputy Commissioner of Environmental
• You've worked in the Open Space Institute, the New York State Department of Environmental Conservation
• favorite memories in my first seven months on the job is going to Antri Plaza State Park, and these environmental
• So we have $3.8 million in the Environmental Protection Fund for something we call Connect Kids.
• And lastly, we also have our municipal park program in the Environmental Protection Fund.

Keywords: 993, senate, all

Summary: The joint meeting of the Senate Finance Committee and the Committee on Cultural Affairs, Tourism, Parks, and Recreation considered Governor Hochul’s nomination of Kathleen “Kathy” Moser to serve as Commissioner of the Office of Parks, Recreation, and Historic Preservation. Moser described her background in conservation and public lands, and said her priorities would include improving access and belonging for all New Yorkers, maintaining health and safety, modernizing infrastructure, addressing climate change and sustainability, and strengthening partnerships with local governments, community groups, and the Legislature. Members questioned her on a range of park issues, including visitor fees, safety at swimming areas such as Lake Welch, security measures at parks, access for urban residents through nature buses and school transportation grants, maintenance and capital needs, event permitting, workforce recruitment and retention, and coordination around the 250th anniversary of the American Revolution. Moser said the department has targeted capital and safety investments at popular parks, is installing fencing, lighting, cameras, and license plate readers at entrances at selected sites, and is planning extensive 250th commemoration programming and historic-site renovations. She also discussed efforts to expand community stewardship, including partner groups, culturally specific amenities like cricket fields, and outreach through traveling exhibits and social media. Senators raised concerns and suggestions about renewable energy siting, cell service in rural areas, invasive species prevention, and local infrastructure needs. After questioning concluded, the committees voted to advance the nomination, and the motion was reported to the Senate floor.

Transcript Highlights:

• local entities such as counties and cities, and other state agencies including the Department of Environmental
• incentive-based, and science-based programs to support voluntary conservation activities and enhance the environmental
• the local, state, and national levels, and activities that promote voluntary conservation and environmentally
• So I would just add that in the state, our environmental regulations are generally superior to those
• And frankly, that's... ...our environmental regulations are generally superior to those of the EPA, and

Committee: Senate Agricultural Affairs

Summary: The Senate Agricultural Committee began with a visit from a BYU-Idaho agribusiness class, whose students and faculty were welcomed and briefly introduced themselves. The committee then took up a rule docket, 02-0601-2501, and approved it with an exception: section 112, new subsections 01 through 05, which incorporated documents by reference without a specific date. The committee adopted findings that this was inconsistent with the Idaho Administrative Procedures Act and directed the agency to return with a compliant rule in the future. The committee next considered RS 33272, presented by Senator Tammy Nichols, which would create standards for kratom products. Nichols said the proposal was intended to preserve lawful access to natural leaf kratom while prohibiting adulterated, synthetic, or artificially enhanced products, requiring limited third-party testing, setting an age restriction, clarifying supply-chain responsibilities, and establishing penalties without creating new licensing or fees. The committee voted to send the RS to print. Senator Todd Lakey then presented RS 33226, the Idaho Direct to Consumer Act, which would reduce regulation on small-scale homemade food and non-alcoholic drink sales made directly from producer to consumer, preempt more restrictive local rules, and include labeling and record-keeping requirements, including for certain direct meat sales. The committee voted to send that RS to print as well. The Idaho Department of Water Resources, speaking in its role with the Soil and Water Conservation Commission, gave an agency update on conservation district support, CREP, WACPA, and related programs. Officials reported on district funding distributions, landowner assistance, conservation acres served, and performance measures, and discussed budget requests including a proposed miscellaneous revenue fund and additional appropriations to address future CREP matching needs. In response to a question, the department said WACPA was not included in the governor’s budget. The Idaho Association of Soil Conservation Districts then presented on the value of locally led conservation districts, emphasizing volunteer governance, the return on state investment, education efforts, and local projects such as flood recovery and rangeland fire protection. Committee members asked about EPA coordination, and presenters said working through state agencies and local districts remained preferable and generally effective. The meeting concluded after the presentations and questions.

Transcript Highlights:

• Environmental Protection, Conservation, and Water Resources will meet at 3:30 p.m. on Monday in room
• Environmental Protection, Conservation, and Water Resources will meet at 3:30 p.m. on Monday in room
• Environmental<00:25:40.159><c> Protection,</c><00:25:40.720><c> Conservation,</c> Environmental Protection
• , Conservation, Environmental Protection, Conservation, and<00:25:42.000><c> Water</c><00:25:42.320><

Keywords: MS Senate Floor - 30 January, 2026; 9:00 AM, 925, all

Transcript Highlights:

• The site has sat vacant for decades because of the environmental challenges with that land.
• The site has sat vacant for decades because of the environmental challenges with that land.
• ><00:03:27.680><c> the</c> vacant for decades because of the vacant for decades because of the environmental
• > challenges</c><00:03:29.120><c> with</c><00:03:29.319><c> that</c><00:03:29.480><c> land</c> environmental
• challenges with that land environmental challenges with that land a<00:03:30.560><c> long</c><00:03:

Keywords: 1183, house

Transcript Highlights:

• This amendment requires a $1 million bond to be posted when a proposed amendment is submitted to the
• Secretary of State, but the bond may be waived if it would impose an undue burden on the resources of
• If they do, the waiver is revoked and the bond becomes due immediately.
• How much money does one of these organizations actually have to put down to get a million dollar bond
• And so that would depend on the risk that the entity offering the bond believes that it would have in

Summary: The Senate Committee on Ethics and Elections heard SPB 7016, a bill revising Florida’s citizen initiative petition process to address fraud, voter information, and ballot integrity. The bill and its amendments would add sponsor bonds and deposit requirements, require more identifying information from signers and circulators, bar certain felons and non-citizens from circulating petitions, require circulator training, shorten the time to submit signed petitions, require notices to voters whose signatures are verified, and change how financial impact statements are handled. Several amendments were adopted, including a $1 million bond framework, 10-point font and page limits for petition forms, a ban on incentive-based pay tied to petition counts or speed, removal of a requirement that fraud be proven by criminal conviction before administrative fines, county deposit and payment procedures for supervisors of elections, invalidation of petitions gathered by ineligible circulators, training requirements within 30 days, and a prohibition on public funds being used to advocate for or against constitutional amendments. Committee discussion focused heavily on implementation and fairness. Supporters, including the sponsor and the Florida Chamber of Commerce, argued the bill was needed to deter fraud, protect voter information, and ensure sponsors—not taxpayers—bear the costs of the initiative process. Supervisors of elections testified that county taxpayers should not subsidize petition verification, but also warned that some provisions would be difficult to implement quickly because of software and operational constraints. Senators raised questions about the bond cost, the 10-day submission deadline, notice to voters whose petitions are invalidated, the effect on returning citizens, and whether the bill could disenfranchise voters who sign petitions in good faith. Public testimony was overwhelmingly opposed. Common Cause, the League of Women Voters, NAACP Florida, Florida Rising, Equality Florida, All Voting Is Local, and other advocates said the bill would suppress grassroots participation, criminalize volunteers, create costly barriers, and favor wealthy or corporate interests. They objected especially to the bond, the new signer identification requirements, the shorter submission window, and the lack of notice when a petition is invalidated. A few supporters, including the Florida Chamber, backed the measure as a safeguard against fraud and outside influence. After debate, the committee did not reach a final vote on the bill in the portion provided, but the bill remained before the committee as amended.

Transcript Highlights:

• And that's the Environmental Conservation Law.
• And that's the Environmental Conservation Law.
• And I commend the Environmental Conservation Law.

Committee: Senate Rules

Keywords: 993, senate, all

Summary: The Committee on Rules convened for its first 2026 meeting and considered a long list of Senate and Assembly bills, mostly moving them from committee to the floor. The transcript reflects routine motions, seconds, and voice votes on measures spanning election law, public authorities, public health, real property, insurance, labor, environmental conservation, general business, local tax, domestic relations, state finance, and New York City administrative code provisions, along with several chapter amendments and bills from 2025. No substantive debate or testimony is recorded in the excerpt; the discussion is largely procedural, with bill numbers and sponsors announced as they were reported out. Most items were approved without objection and reported to the floor, including Senate Print 324 and numerous bills such as 568, 1035, 1036, 1085, 8604, 8646, 8754, 8761, 8762, 8764, 8768, 8772, 8774, 8778, 8783, 8800, 8822, 8823, 8824, 8825, 8827, 8831, 8832, 8834, and 8835, as well as several Assembly bills. The chair noted that all bills would go to the floor, with seven to be taken up and returned to session shortly. The meeting then adjourned.

Transcript Highlights:

• in lieu of Proposes a surety bond in lieu of STRF.
• With respect to the surety bond piece, I know other states do often rely on a surety bond type of concept
• Yeah, the merits of the assurity bond will be the insurance.
• The surety bond would be the insurance premium, and the bond premium would be paid by the institution
• And I think Senator Neal of the report also looks at the surety bond issue.

Summary: The joint Sunset Review Oversight Hearing focused on the Bureau for Private Post-Secondary Education (BPPE) and its reauthorization, with committee chairs and members emphasizing the Bureau’s role in protecting students, overseeing private postsecondary schools, and responding to a changing federal higher education landscape. BPPE and the Department of Consumer Affairs reported that the Bureau has modernized data systems, improved enforcement, increased citations and inspections, reduced pending complaints, and is now meeting its statutory inspection mandate. They also said the Bureau faces a structural budget deficit and has reduced costs through staffing cuts, streamlined inspections, and shifting some student-relief functions to the Student Tuition Recovery Fund (STRF).

Transcript Highlights:

• Did you guys, when you looked at this, was a bond an option to do this?
• , and it really maxes out our bonding capacity.
• Is there a state statute that allows county commissions to increase their bond capacity?
• got apparatus you've got to buy that you usually bond for, police cars that you have to bond for, and
• other things that you have to bond for, roads.

Bills: SB20 , SB111 , SB211 , SB218 , SB14

Committee: Senate Senate Health & Public Affairs

Keywords: prior authorization, pharmacy benefits manager, PBM, health insurer, prescription drugs, step therapy, formulary, auto-adjudication, electronic portal, appeals, medical necessity, serious mental illness, mental health, schizophrenia, bipolar disorder, major depression, substance use disorder, addiction treatment, cancer, autoimmune disorder

Transcript Highlights:

• in lieu of Proposes a surety bond in lieu of STRF.
• So if that's the case, insurance method, a surety bond...
• With respect to the surety bond piece, I know other states do often rely on a surety bond type of concept
• A surety bond would be the insurance premium, and the bond premium would be paid by the institution.
• Page 57 of the report also looks at the surety bond issue.

Summary: The joint Sunset Review Oversight Hearing focused on the Bureau for Private Postsecondary Education (BPPE) and its reauthorization, operations, enforcement, fiscal condition, and student protections. Committee leaders and DCA officials praised the Bureau’s recent improvements in data systems, licensing, inspections, and enforcement, while noting the Bureau’s role has become more important as federal higher education oversight weakens. Bureau Chief Deborah Cochran said the agency has met its inspection mandate for the first time since the law was enacted, increased citations and disciplinary actions, reduced pending complaints, and used data tools to identify risk and monitor institutions more effectively. A major portion of the hearing centered on student harm, especially school closures, transcript access, predatory recruiting, and the Student Tuition Recovery Fund (STRF). Members asked how the Bureau protects students when schools close, whether bad actors can reopen under new entities, and whether enforcement tools are strong enough. Cochran said the Bureau can cite, fine, place schools on probation, revoke licenses, and order refunds, but it is seeking new authority to deny approval to operators who previously closed schools improperly or failed to refund students. She also said the Bureau is tracking ownership data and is concerned about institutions targeting immigrant and visa students. On STRF, Cochran explained that the fund is currently healthy, assessments are at zero because the balance is above the statutory target, and the Bureau paid about 1,100 claims totaling roughly $17 million over the last four years. Several members questioned the fairness of the assessment structure and discussed alternatives such as surety bonds, but the Bureau said STRF is working well and no change is needed at this time. Fee increases and the Bureau’s structural deficit were another major topic. Cochran said the Bureau reduced costs by eliminating positions, streamlining inspections, improving data analysis, and shifting some student-relief costs to STRF, but that legislative action is still needed to address the deficit. She said the proposed fees were based on workload analyses and that application fees generally match service costs, while annual fees are designed to cover most of the Bureau’s revenue needs. Some members and stakeholders criticized the proposed increases as too high, especially for out-of-state registration and campus fees, while others argued the Bureau needs sufficient resources to regulate effectively. Public commenters from private schools, Northeastern University, San Joaquin Valley College/Carrington College, and TICAS generally supported the Bureau’s mission and reauthorization, but urged changes such as risk-based oversight, better transcript protections, stronger limits on repeated provisional approvals, and more targeted fee and STRF reforms. No votes were taken, and the hearing ended with no formal action beyond discussion and receipt of testimony.

Transcript Highlights:

• So essentially, as you all know, TIF, Colonias, Water Trust, cash bonds.
• I appreciate the work that you all have done to fix the bonding capacity issue.
• So I like this plan, kind of like sponge bonds, right? Not SpongeBob, but SpongeBonds.
• So the remaining capacity of these sponge bonds is very difficult to determine.
• Chair, Representative, that is a cap on what can be drawn from the sponge bonds.

Committee: House House Appropriations & Finance

Keywords: 996, all

Summary: During the legislative meeting, House Bill 287 was discussed, which proposes the establishment of a permanent Health and Human Services Committee to oversee the state's $14.4 billion expenditure in this area. An amendment to the bill was adopted, which clarified funding and operational details. Public comments were solicited, but no one spoke in opposition. The committee ultimately voted, with some members expressing concerns about budget implications, but the motion to pass the bill as amended was made and seconded, with several members opposing it. House Bill 371 was also addressed, which focuses on creating an Acequia Infrastructure Fund to support land grant and Acequia communities. The bill aims to provide a financial mechanism for these communities to access funds for infrastructure projects without relying on capital outlay requests. The committee discussed the bill's implications, potential funding sources, and the need for further amendments regarding representation and oversight. A motion to pass the bill was made, with some opposition noted, particularly regarding the lack of specificity in the bill's provisions. Lastly, Senate Bill 143 was presented, which seeks to raise the caps on inspection fees under the Egg Grading Act, among other agricultural regulations. Supportive testimony was provided by representatives from agricultural organizations, emphasizing the need for updated fee structures. The committee engaged in discussions about the bill's implications for consumers and the agricultural sector, ultimately moving towards a vote to pass the bill.

Transcript Highlights:

• The clerk will read the bond initiatives in the committee assignment. >> Introductory House Bond Initiative
• 35, February 13, 2026, referred to Appropriations. >> Introductory House Bond Initiative Number 36,
• 13, 2026, referred to Appropriations. >> Introductory House Bond Initiative Number 35, February 13,
• 2026, referred to Appropriations. >> Introductory House Bond Initiative Number 36, February 13, 2026,
• </c> Authority revenue bond limit increase. Authority revenue bond limit increase.

Keywords: House streaming session for Friday, February 13, 2026, 957, house, all

Transcript Highlights:

• , and the Fidelity Bond Program coverage limit is $300,000 per occurrence.
• Payment by the bond trust fund is also indicated when applicable.
• was paid in full, and two were governmental entities that are not covered by the bond program.
• On the bond trust fund, it's been used a number of times. Who pays for that trust fund?
• It's the bond trust fund that is a fidelity bond to help ensure if there's theft by employees of those

Committee: All LEGISLATIVE JOINT AUDITING

Summary: The committee first approved the minutes from the prior meeting and then heard several audit-related reports. The executive committee report noted audit and special reports were scheduled for standing committees and the full Legislative Joint Audit Committee, with one requested report still in progress. The City, County, and Local report covered delinquent private water and sewer audits, reinstatement of turnback funds for entities that filed required reports, and action involving the town of Daisy, which was directed to repay misused street funds at 10% of general fund revenue annually. The education and state agencies reports included higher education audits and state agency findings, with some reports filed and others deferred to the February meeting for additional information or corrective-action details. The committee then took up a special audit of the Charles W. Donaldson Scholars Academy at UA Little Rock. Legislative Audit reported that the program, funded with $10 million in desegregation money plus a $50,000 grant, awarded $1.87 million in scholarships to 379 students, with 116 graduates, but found numerous eligibility and disbursement problems, including scholarships to ineligible students, excessive awards, improper documentation, and unclear disposition of some assets. Committee members questioned UALR representatives about oversight, staffing, and whether funds were properly used, and also heard from Philander Smith College about its limited role in verifying enrollment. Members expressed concern about the program’s results and the lack of detail on accountability, and the committee voted to table the report until the next meeting for further review and requested additional information, including the federal court order and more detail on expenditures and oversight. Finally, the committee reviewed the annual disposition report on matters referred to prosecutors and the Attorney General for 2024. Staff said 164 matters were referred, with 28 resulting in criminal charges and convictions, 39 still under review, 96 not charged, and others dismissed or pending; 20 convictions produced fines, restitution, and audit-cost orders, and bond trust fund claims were paid in some cases. Prosecutor Coordinator and Attorney General representatives explained that some referrals do not meet criminal standards, may lack intent, or are otherwise not prosecutable, and members asked for more standardized reporting, clearer explanations of why cases are not charged, and more information on restitution efforts. The committee discussed possible templates, training, and better coordination, then voted to file the report and adjourned, with the next meeting set for February 12, 2026.

Transcript Highlights:

• In the various assets we invest in, U.S. equities, bonds, etc.
• Treasury bonds and? Corporate bonds, or are they just U.S. Treasury bonds per se?
• Madam Chair, Senator, the core bond segment is a combination of investment-grade bonds, which includes
• Treasury bonds.
• It includes corporate bonds.

Committee: House Investments & Pensions Oversight Committee