Transcript Highlights:

• Just reading a script here, folks. Nothing to see here.
• It does not reading. It also increases the penalties for the buyers.
• And that's why we have the second violation is a third-degree felony.
• It classifies the trespassing as a third-degree felony.
• Reading your name. Come up, come forward. So you'd be ready. So I call your name. You're on deck.

Keywords: 999, senate, all

Transcript Highlights:

• Current law provides that a person commits a third-degree felony offense of driving on a license suspended
• upon a third or subsequent violation if the suspension is related to DUI or refusal to submit to testing
• crime: a minimum of 30 days in jail for the first conviction, 60 days for a second, and 90 days for a third
• In reading the summary, they actually say that same thing.
• It reads, and I would be remiss if I didn't make mention of it in the bill analysis.

Summary: The committee heard and approved several bills. CS for CS for CS SB 138, Trenton’s Law, would broaden DUI and boating-under-the-influence laws to cover any impairing substance, increase penalties for refusal to submit to breath or urine testing, allow blood warrants in misdemeanor DUI/BUI cases, enhance penalties for DUI with death or vehicular homicide involving prior convictions, and authorize DUI diversion programs. Supporters included law enforcement and prosecutors, who said the bill addresses gaps involving over-the-counter drugs and refusal cases; the Florida Association of Criminal Defense Lawyers raised concerns about the breadth of the “any impairing substance” language and record consequences for first refusals. The bill was reported favorably. The committee also reported favorably SB 400, which removes the repeal date from Florida’s Interstate Compact on Educational Opportunities for Military Children, and CS for SB 102, which creates a workforce credentialing program for exceptional student education students, especially those with autism, to earn badges for job skills and safety-related competencies. SB 102 drew questions about fiscal impact and teacher training, with supporters emphasizing workforce readiness and parent involvement while some members raised concerns about costs and implementation. SB 130, which updates compensation for wrongfully incarcerated people found factually innocent, was also reported favorably after supporters argued Florida’s current law is too restrictive and too few exonerees have been compensated. The committee then approved CS for CS for SB 296, which repeals the statewide mandate for later middle and high school start times and returns the decision to local districts, while requiring districts to document their analysis of sleep, safety, transportation, and other impacts. An amendment added a reporting requirement to show how districts considered later start times and any unintended consequences. The bill drew broad support from school officials and education groups, with members noting transportation and extracurricular challenges. Finally, SB 234, dealing with criminal offenses against law enforcement officers, was reported favorably after debate over whether the bill should retain “good faith” language and how it would affect defenses and officer accountability. The committee also passed CS for SB 274, designating a portion of International Drive as Harris Rosen Way and adding a memorial designation for the late Senator Geraldine Thompson near the Wells Built Museum; members praised both honorees and the bill was reported favorably. The committee adjourned after recording one member’s request to be shown voting yes on the first bill.

Transcript Highlights:

• Yeah, let me read the question better because I'll mumble over the whole thing.
• qualified and experienced interest arbitrators in the event the parties fail to select the neutral third
• And we're also going to be adding a new subparagraph D on page five, line nine, to read as the retirement
• new subparagraph D on page five line n new subparagraph D on page five line n to<00:27:36.440> read
• as the retirement will be to read as the retirement will be stationed<00:27:38.720> at<00:27:

Keywords: 912, senate, all

Summary: The Committee on Labor and Technology met on March 12 in Room 224 at the Hawaii State Capitol and heard testimony on several labor, unemployment insurance, workers’ compensation, collective bargaining, and related measures. On House Bill 202, which would revise the definition of the adequate reserve fund for calendar year 2026 and beyond, the Department of Labor and Industrial Relations strongly supported the bill, saying it would protect the solvency of the Unemployment Insurance trust fund. The department explained that the reserve standard had been lowered from 1.5% to 1% in 2010 and argued that restoring it would better prepare the fund for future shocks. Questions focused on whether the change would affect employers’ costs and whether the trust fund had recovered fraud losses from the pandemic; the department said some fraud had been recovered and additional fraud tools were now in place. The committee recommended passage with amendments, including technical changes and a defective date, and adopted the recommendation. The committee also heard House Bill 477 on the Hawaii Employment Security Law, which the department supported as a modernization of the UI system but asked to amend for clarity, especially on registration-for-work language. The committee accepted those requested amendments and recommended passage with amendments. It then took up House Bill 1026 and House Bills 1027 through 1039, covering emergency appropriations for public employment cost items and collective bargaining for units 1 through 14. Testimony from the Budget and Finance director, United Public Workers, the University of Hawaiʻi, HGEA, UHSC, and others was generally in strong support, with one opposition noted on HB 1038. The committee moved all of those measures together and recommended passage with amendments. In its later decision-making agenda, the committee approved several previously heard bills with technical amendments and defective dates, including House Bill 423 on workers’ compensation, House Bill 480 on workers’ compensation, House Bill 162 on collective bargaining arbitration procedures, House Bill 164 on indebtedness to the state, and House Bill 1152 on tax administration. House Bill 214, relating to government and school resource officers, drew discussion about labor shortages and whether the bill should help train existing school resource officers into law enforcement roles; the committee still passed it with amendments. House Bill 874 on child performers was amended to require trust accounts for certain minors’ earnings and place oversight with DLIR’s Wage Standards Division, and House Bill 159 on qualified community rehabilitation programs was passed with amendments after the committee blanked the $850,000 cap for further discussion. All recommendations were adopted without recorded opposition, and the meeting adjourned.

Transcript Highlights:

• I have read everything. I can put my hands on everything since we lost my mother.
• But I've learned from all my reading how close we are.
• And that's what I'm here to tell you, just from what I've read.
• Dear friend of mine, who we were buddies from like third grade on, did everything together.
• Yes, we're going to start with Lance, and then I have something I'm going to read to you.

Bills: SB5, SJR3, SB 5, SJR 3

Keywords: dementia, research institute, Alzheimer's disease, Parkinson's disease, funding, grants, state health initiatives, research funding, state budget, prevention, healthcare, medical research, Dementia Prevention and Research Institute, disaster relief, flood preparedness, emergency funding, local government support, meteorological forecasting, district apportionment, legislative rules

Transcript Highlights:

• So in all, part-time faculty teach the majority of courses, yet more than a third of districts still
• Each district, if they've done their work in third and fourth grade in their curriculum, they identify
• Each district, if they've done their work in third and fourth grade in their curriculum, they identify
• Each district, if they've done their work in third and fourth grade in their curriculum, they identify
• Sorry, I was reading it wrong.

Keywords: 987, senate, all

Transcript Highlights:

• We joked that she was the third parent.
• The names of people being found were read aloud.
• Several of you have heard me read my poem.
• Third, training. Official plans at most camps are to stay. in place.
• And you've read the same IPAWS study that we have about Texans.

Keywords: 1185, senate, all

Transcript Highlights:

• This is the third of our four scheduled regional meetings. Hearings.
• I haven't read that case myself.
• I've read quite a few of the documents myself, not all of them by any measure.
• I'd already read that article.
• I was so surprised to see the article when I read it.

Keywords: 1185, senate, all

Transcript Highlights:

• purchasing early childhood curriculum specific to early childhood that was aligned to the science of reading
• Because I'm 100%—I think if we want kids to read by third grade and read proficiently and read above
• I think if we want kids to read by third grade and read proficiently and read above grade level, we've
• I think this is my third or fourth adequacy study now.
• Then the third column provides you the report that the Bureau of Legislative Research provides, aligned

Summary: The meeting began with approval of the previous minutes and then focused on an update from the Department of Education on early childhood programs, especially the state-funded Arkansas Better Chance (ABC) program. Secretary Jacob Oliva and Deputy Commissioner Stacey Smith said Arkansas had received a federal Preschool Development Grant and described ongoing work to review ABC slots, which have been flat for years at about 23,800 slots and roughly $114 million. They said about 1,000 slots statewide are currently unfilled despite a waiting list of more than 2,000 families, and the department is shifting toward paying based on enrollment rather than guaranteed slots. Members asked about school choice, income eligibility, year-round access, curriculum flexibility, transportation, and whether funding should be increased or rebalanced; the department said it is collecting data, may survey providers more formally, and is considering whether to modernize income thresholds, daily rates, and other program rules. The committee agreed to form an early childhood subcommittee and asked the Bureau of Legislative Research to help gather historical information on income limits and other program details. The second major portion of the meeting was a legal presentation on the framework for Arkansas school adequacy by BLR education attorney Taylor Lloyd. She reviewed the constitutional basis for a “general, suitable, and efficient” public school system, the Dupree and Lake View cases, and the principle that adequacy and equity are different but related: adequacy asks what resources are needed, while equity asks whether those resources are distributed fairly. She explained that the General Assembly must define adequacy, study it, and react to evidence over time, and that the current adequacy definition includes curriculum and career/technical frameworks, the 38 mandatory Carnegie units, state testing standards, and sufficient funding. She also described the matrix as a funding tool, not a spending mandate, and noted that categorical funds are separate from the matrix. BLR’s Elizabeth Bynum then gave the historical framework, tracing legislative responses from Dupree through Lake View and into the present. She highlighted major changes such as the creation of equalization funding, fiscal distress and academic distress laws, the adequacy study process, the Educational Adequacy Fund, facilities and transportation changes, declining enrollment and student growth funding, and later adjustments to teacher salaries, isolated funding, and categorical programs. She explained that the adequacy study has evolved through committee hearings, surveys, site visits, and outside consultants, and that recent changes include updates to accountability references and the addition or removal of certain funding categories. Members asked follow-up questions about how the matrix is used, whether homeschool or private-school funding raises comparable issues, whether stakeholders include private and homeschool participants, whether school board members should be surveyed, and whether the state should revisit average daily membership versus attendance-based funding. No votes were taken on the adequacy presentations, but the committee did agree to continue the early childhood discussion in a future subcommittee meeting.

Transcript Highlights:

• Yeah, okay, yeah, just if you'll just read it, you read the list, so everyone will kind of know.
• Just if you'll just read it, you read the list, so everyone will kind of know.
• I can read that last point. Yes, sir.
• Go ahead and read it. Yes, sir. Black Rock, Bull Shoals, Garland, Marville, and Omaha. Okay.
• Chair, we should go ahead and read the report. Please proceed.

Summary: The committee began with approval of the prior meeting minutes and then received updates on delinquent private water and sewer reports. Staff reported that 19 of 43 original entities for the 2022 reporting year had had turnback reinstated, while 24 remained in escrow; for the 2023 reporting year, 59 of 64 entities had filed, leaving five still outstanding. The committee also heard that Adona had come into substantial compliance with municipal accounting law, and it voted to file that report and discontinue withholding turnback. It then voted to start the 60-day clock and file the report for Gum Springs after hearing repeated findings involving budgeting, disbursements, payroll, and Act 833 funds, with city officials saying they had begun correcting records and were seeking help from the Municipal League and a city attorney. Fargo was deferred because the mayor was absent due to illness. The committee next considered Denning, where staff described repeated and serious accounting problems over 2022-2024, including unauthorized payments, missing documentation, weak payroll controls, and improper handling of funds. The mayor and recorder-treasurer said prior records were disorganized and that they were now working with an attorney, CPA help, and new software; the committee voted to start the 60-day clock and file the report. Green Forest’s report, involving a fixed-asset listing issue after the mayor’s death, was filed. Several private water and sewer reports were either filed or deferred depending on whether responses had been received, and the committee announced its March meeting would be held in Room 149 because of renovations. The committee then reviewed a series of referred reports involving alleged financial irregularities. In Elaine, the fire chief’s questionable purchases were referred and filed. In Strong, staff described undeposited garbage-bag receipts, improper payments for private dumpster service and other expenditures, payroll tax penalties, and deficit fund balances; the mayor said controls had been improved, but the committee deferred the report to March. The Faulkner County Fair Association report found undocumented cash withdrawals, questionable disbursements, and inadequately documented cash payments to a carnival vendor; the committee filed it. Brooklyn’s report involved a fraudulent direct-deposit change, and Mineral Springs’ report involved transfers from the cemetery fund, employee loans, overpayments, and travel reimbursement issues; both were filed. Additional reports included Rondo, where the recorder-treasurer explained missing computers and fuel purchases tied to personal vehicles, and the committee filed the report; Waldo, where the mayor had been overpaid due to extra biweekly payments, which was filed; Columbia County, where a floodplain management contract lacked an authorizing ordinance, which was filed; and several private water-system reports, some filed and others deferred for lack of responses. Carlisle’s report showed large but improving misstatements in financial records, and the committee filed it after hearing that new software and training had reduced prior problems. Caddo Valley’s report prompted a lengthy discussion about CDs and interest recognition; staff explained that principal balances should be reflected as city assets and interest should be recorded when earned or reported by the bank, and the report was filed. Prairie County’s budget overrun and road-fund issues were discussed at length, with the judge explaining equipment and weather-related costs and staff clarifying the distinction between road funds and locally approved sales-tax uses; the report was filed. Finally, the committee deferred a Cross County Rural Water Association matter after learning it had not filed with Legislative Audit since 2002-2003 despite receiving significant state funding, and members expressed concern about the long gap in filings.

Transcript Highlights:

• Reading file items 1 through 7 the clerk will read.
• Clerk will read.
• Clerk will read.
• Item 13, that brings us to assembly third reading.
• We have one item today on assembly third reading, members.

Keywords: 988, house, all

Transcript Highlights:

• Some are combined; fourth, we have the third, the second.
• In our special court services, this is our third program budget.
• Third, Mr. Chief Justice and Ms.
• Our third Judicial District has worked hard.
• Thirty-three percent, or one-third, of our employees make less than $41,000.

Transcript Highlights:

• We've voted it down a third time today, so there's no chance that it's going to get through the Senate
• We've voted it down third time today.
• License plate read and we, you know, somebody was driving that car.
• And what my assumption was, kind of reading the tea leaves of what other bills you guys have done and
• This one may be a little easier to read, but I think they have generally the same data.

Keywords: 908, all

Summary: The conference committee on House Bill 1229 met to try to resolve differences between the House and Senate versions of the bill, which deals with reporting certain traffic offenses to driving records and, by extension, insurance companies. House members argued that the House position was driven by concern that reporting lower-level offenses would unfairly raise insurance costs, while Senate members said they opposed removing reporting because they wanted transparency and believed people who break the law should face consequences. The discussion focused heavily on whether the bill should continue to exclude offenses at two points and below from reporting, or whether a narrower compromise such as one point and below might be acceptable. Committee members and DOT Driver and Vehicle Director Brad Schaefer reviewed a color-coded list of offenses and how they are currently reported. Schaefer explained that salmon-shaded items automatically appear on driving records because they trigger suspension or revocation, green items are commercial-driver violations that also trigger suspension, and the remaining unshaded zero-, one-, and some two-point violations were the main subject of the conference discussion. Members debated whether some low-point items, such as equipment violations, no child restraint, distracted driving, and failure to use due care, should remain reportable, while acknowledging that serious offenses like fleeing and human trafficking would remain reportable regardless. No final compromise was reached. Several members expressed interest in a possible middle ground limited to one-point-and-below offenses, but others worried the Senate would not accept it. The committee agreed to adjourn and reschedule after members had more time to review the list and consider possible amendments.

Transcript Highlights:

• We are on the third bill on the calendar: it's House Bill 29.
• It was transportation, child care... what was the third one that you mentioned? Housing?
• I haven't really read the bill in its entirety, so I may not vote to support it until I do, to make sure
• Linda, you're already read all the way down there. I can't borrow yours. We clear?
• I'm sorry, sir; you write small and you can't read my writing. It's just not what it used to be.

Bills: HB191, HB35, HB29, HB123, HB35, HB29, HB191, HB123

Keywords: sales tax, use tax, sales and use tax, local tax exemption, county tax, municipal tax, county commission, municipality, Alabama Department of Revenue, tax exemption, ordinance, resolution, fiscal year, September 1 effective date, notice requirement, local government, tax administration, revenue law, state and local taxation, volunteer firefighters

Transcript Highlights:

• your testimony instead of just standing on your testimony, because there are some folks that don't read
• That report was submitted about a month ago and is on the legislative website for anybody to read.
• That report was submitted about a month ago and is on the legislative website for anybody to read.
• Did you have a chance to read the testimony from the Department of Budget and Finance?
• as I read the amending language<01:19:39.280> um<01:19:39.880> I<01:19:40.040> read

Keywords: 910, house, all

Summary: The committee heard testimony on House Bill 410, the Office of Hawaiian Affairs’ biennium operating budget. OHA asked for a modest increase over its base budget, including $1.2 million to fund 13 new full-time positions for a strategy and implementation team tied to its long-term plan, with emphasis on housing, education, health, and economic resilience. OHA also described a broader effort to work directly with executive branch departments to improve outcomes for Native Hawaiians. Testimony was largely supportive, with several individuals speaking in favor and one testifier expressing strong frustration about Native Hawaiian rights and access to resources. The chair noted there were 38 additional written/supporting testimonies and three in opposition. Members asked about OHA’s funding sources and public land trust revenues; OHA said it is not receiving the full 20 percent share, described a public land trust working group and system issues, and said a related bill would seek funding to begin an inventory. No vote was taken in the portion provided. The committee then considered House Bill 304, which would make the Hawaiian version of a law binding when the law was originally drafted in Hawaiian and later translated into English. The Judiciary supported the bill, saying it reinforces Hawaiian as an official language and looks to the original language for legislative intent. The Attorney General supported the intent but recommended narrowing the bill with a proviso to avoid ambiguities, limiting it to laws originally drafted in Hawaiian that were not later amended, codified, recodified, or reenacted in English. Public testimony was generally supportive, though one speaker raised broader sovereignty concerns. Members questioned how many laws would be affected and whether the proposed amendment would undercut the bill; the Attorney General said the amendment was meant to address uncertainty in interpretation. No final action was reported. Finally, the committee heard House Bill 603, which would direct OHA to administer a Native Hawaiian business marketing program to promote Native Hawaiian-owned businesses through marketing and technical assistance. OHA supported the concept, saying a label or branding program could help consumers identify and support Native Hawaiian-owned businesses, but requested that funding be redirected to a working group to study program design, implementation, enforcement, and long-term viability. The chair noted four supportive testimonies had been received, and a member asked OHA to confirm that its programs serve all Hawaiians, not only those eligible for homelands; OHA said it serves all Hawaiians in the state. The transcript ends before any vote or further action on HB 603.

Transcript Highlights:

• This is, I think, the third time I've presented in this very room to you all.
• the discussion that we had three years ago about pacing, about the importance of due diligence by third
• Our view is that the current IPS with the third-party due diligence requirement... ...that the current
• And that's why the third bullet point there makes specific reference to that, the third and fourth bullets
• But I think it does, you know, just reading through some of the more. I think it does.

Summary: The committee met to approve prior minutes and receive updates on the Legacy Fund transparency website and fund performance. Staff reported the website procurement was in contract negotiations, with a planned go-live around November 1, and that the site would provide downloadable, more transparent information on fund holdings, allocations, history, and legislative appropriations while protecting confidential data. The investment office then reviewed performance through January 2026, describing strong returns relative to benchmarks, noting real estate and fixed income as weaker areas, and explaining that the fund’s diversification and internal management had helped offset market volatility, including recent geopolitical impacts. Members also discussed the in-state investment program, especially the Bank of North Dakota’s CD-match allocation. Several members questioned whether the program had been static for years and whether the uncommitted balance should remain parked there if it was not being used. The committee voted to pause further transfers into the program until the Bank provides a report and the committee can consider possible statutory changes; the motion also requested a cost-benefit analysis from RVK, and it passed by roll call vote. In the afternoon, RVK presented its review of the investment policy statement as it relates to the in-state investment program. The consultant said it found no major policy impediments, and that implementers and stakeholders generally felt the program was proceeding as intended. RVK emphasized best practices such as third-party due diligence, competitive risk-adjusted returns, diversification, pacing, and exit strategies, while cautioning that required lower-return investments or spending commitments can create pressure on the fund’s long-term real value. The consultant also raised ancillary concerns about state-level concentration risk, the need to distinguish between public and commercial infrastructure, and the lack of a central repository for all state funding commitments to the same projects.

Transcript Highlights:

• These are these a little over a third.
• <01:37:42.080> that to applaud you that that reading that to applaud you that that reading
• I read others It was a great message.
• If you haven't read it, you should read that first sentence.
• Not going to read through this chart.

Keywords: 1191, senate, all

Transcript Highlights:

• <00:45:12.920> vendor is to cover um the um third-party vendor is to cover um the um third-party
• ,<01:50:44.400> a and, you know, done a lot of reading, a and, you know, done a lot of reading
• And that was very hard to read. And that was very hard to read.
• >> Yes. >> The light one, the reading... Oh, I totally missed it.
• ;> The light one, the reading >> The light one, the reading Oh,<02:23:19.480> I<02:23

Keywords: 1187, senate, all

Transcript Highlights:

• Winfrey, you want to read in?
• We'll read it. Yes, sir. Thank you.
• Winfrey, do you want to read it in? Mr. Winfrey, do you want to read it in?
• Would you like to read those?
• Winfrey, would you read it in?

Summary: The committee met with a quorum and heard a series of bills, mostly from the Senate, covering military affairs, courts, veterans’ services, tobacco/vape regulation, and emergency alerts for missing persons with disabilities. Several measures were described as cleanup or modernization bills, including SB 317 adding the House and Senate military committee chairs to the Louisiana Military Advisory Council, SB 357 updating court administration and appellate e-case management provisions, SB 421 modernizing electronic records language, and SB 232 and HB 597 addressing judicial compensation and related funding/commission issues. The committee also heard SB 164, which would add public works employees to the definition of first responders, and SB 510, which would regulate certain licensed establishments that allow on-premises consumption of hemp/THC products and related age restrictions. These bills were generally presented as technical updates or alignment with existing practices, and the committee reported them favorably after brief questions and, in some cases, amendments. A major portion of the meeting focused on SB 208, which revises Louisiana’s law on services provided to veterans after a prior version was struck down. Senator Kathy and LDVA representatives said the bill is intended to protect veterans from unaccredited “claim sharks” by limiting fees and creating state-level safeguards, while an opponent argued the issue is preempted by federal law and should be left to Congress and the pending appeal. The committee also heard extensive testimony on SB 34, which would create “Bryan’s Call” emergency alerts for missing children and adults with cognitive or developmental disabilities, including wireless alerts and responder training. Family members and disability advocates described fatal risks from elopement and drowning, and supporters said the bill would fill a gap between Amber and Silver Alerts; the committee moved the bill favorably. Another bill, HB 302, sought to restrict vape sales near schools; the sponsor and Alcohol and Tobacco Control discussed possible language changes, and public health testimony supported broader protections for youth. Several bills were voluntarily deferred, including HB 1190, HB 1097, and HB 374-1, and the committee adjourned after reporting the remaining measures favorably.

Transcript Highlights:

• Constitution that allows states to call for a constitutional convention if two-thirds, or 34, of state
• First, Congress can propose an amendment if two-thirds of the House and two-thirds of the Senate agree
• And there's a third.
• And one of them is the two-thirds vote on zoning bylaws and things of that nature.
• No mind my pronunciation of names; I can't read anymore. No problem.

Keywords: 995, all

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

Transcript Highlights:

• I read it.
• That's how I<00:11:46.800> read<00:11:46.959> it.
• And that's a typical um I I read it.
• From what I read, and you know, I read it a few months back, so from my recollection, that was one point
• I've tried to read up on it. I still have questions about this bill.

Keywords: 928, house, all

Summary: The committee held a work session on HB 302, which would add precious metals and digital assets as potential investment options. State Treasurer Monica Misipelli said she took no position on the bill and did not see an immediate fiscal impact or operational problem, but explained that the state’s operating funds and rainy day fund require liquidity and stability, so they would not be suitable for volatile assets like precious metals or digital assets. She said the only funds that might potentially use such investments would be certain trust funds held in perpetuity, which are managed by an outside investment advisor under a contract and investment policy. Members asked about the treasurer’s current investment practices, including the types of funds managed, the role and discretion of the investment advisor, the state’s risk profile, and whether the bill would affect existing authority. Misipelli said the office follows RSA 11 and related statutes, with different objectives ranging from conservative to aggressive depending on the fund, and that the advisor meets with the office regularly, with formal performance reviews on a quarterly basis. She also said the office recently centralized management of about 40 trust accounts totaling roughly $60 million into five combined portfolios under a five-year contract with an RFP-selected vendor. When asked whether precious metals or digital assets are already indirectly available through mutual funds, she said that was possible for some mutual funds, but she was not certain about digital assets. Representative Ammon, the bill’s sponsor, said similar legislation had passed the Oklahoma House, the Texas House and Senate, and had advanced in Arizona. He argued the bill was intended to give the treasurer more tools to help balance portfolios and hedge inflation, noting concerns about federal debt and inflation. No vote was taken in the excerpt, and the chair ended the questioning after thanking the treasurer and asking her to remain available in case further questions arose.