Transcript Highlights:

• Those kids, depending on where their IQ falls, may never attain competency because you can't change IQ
• Whatever that entails, it's going to be different with each child depending on what their issues are.
• A lot depends on the evaluation that we get back.
• And that's always my big, real concern: depending on the judge you get, depending on the county you're
• in, depending on the district attorney you're with, you're going to get maybe an entirely different

Transcript Highlights:

• Although if they're depending on the impacts on unemployment within New Mexico, that could have a much
• Uh, it recovers a little bit depending on the tariff situation, but it's still going to remain much lower
• we are Expecting a decrease in imports that travel through New Mexico of between 3 and up to 11% depending
• Mexico anywhere between 3 and 11%, um, how that transfers into our diesel and uh way distance will depend
• Have a lot of the data that that can say when or if, and a lot of it does depend on the appeals court

Transcript Highlights:

• economic has the potential to drive economic growth<00:04:52.720> reduce<00:04:53.160> dependence
• <00:04:53.720> on<00:04:53.919> social growth reduce dependence on social growth reduce
• dependence on social services<00:04:54.759> and<00:04:54.960> expand<00:04:55.440>
• <00:07:23.160> of<00:07:23.280> our<00:07:23.400> state<00:07:23.680> depends
• better the health of our state depends better the health of our state depends upon<00:07:24.199>

Keywords: 1183, house

Transcript Highlights:

• We don't know how many hearings we're going to have because it depends upon the interested parties that
• up to testify at any of these hearings, so the number of hearings we're going to have is going to depend
• hearing, and when we do send out the hearing notice for the next hearing with this testimony, it depends
• It'll depend upon how many people sign up.
• And depending upon how many people we have testify or sign up to testify for that day, it may not just

Keywords: 995, all

Summary: The House and Senate chairs opened the first organizational meeting of the special initiative commission created by Chapter 238 of the Acts of 2024 to study the future of payments and sales transactions by credit card and the impacts on small businesses. They explained that no testimony would be taken at this meeting; instead, the commission would begin its work, introduce members, and prepare for future hearings and a final report with recommendations on credit cards and other payment methods. The chairs outlined the commission’s charge: to examine payment trends, cashless transactions, credit card fees, mobile payments, buy now, pay later financing, and the effects of section 28A of chapter 140D on small businesses. They said the commission would likely organize hearings around business and consumer impacts, the legal and regulatory landscape, and policy options such as transparency measures, reporting requirements, and possible limits. Members discussed the importance of hearing from retailers, restaurants, banks, small businesses, and possibly experts, and suggested considering cryptocurrency and whether hearings should be held outside the State House or include regional access. Several commissioners and stakeholders introduced themselves, including representatives from the Attorney General’s office, the House, the Executive Office of Economic Development, the Commissioner of Banks, retail and restaurant associations, a banking representative, and two small business owners. The chairs said interested parties could sign up to testify or receive notices, written testimony would be accepted, and the first hearing was tentatively set for April 8 in Gardner Auditorium. The meeting ended with a motion to close, which passed unanimously.

Transcript Highlights:

• Depending on the client or host employer, the quality of work can vary drastically.
• say to you: When these inmates get out of prison, their families, who have done nothing wrong, are dependent
• The families that depend on us ain't done nothing wrong. They're like you.
• Florida's growth depends on workers.
• Florida's growth depends on workers.

Bills: S1080, S1112, S1324, S1338, S1582, S1672

Keywords: traffic safety, school zones, speed detection systems, license plate recognition, yellow signal timing, data privacy, municipal powers, labor pool, employment, temporary work, placement fee, Department of Commerce, limited liability companies, corporations, principal office, registered agent, Florida Statutes, charitable giving, endowment agreements, donor restrictions

Summary: The Committee on Commerce and Tourism considered several bills. SB 1338 by Senator Burton would strengthen enforcement of written endowment agreements for charitable gifts and require legislative approval for new filing or reporting requirements on charities. The sponsor and Philanthropy Roundtable testified in support, emphasizing donor intent and protections for nonprofits; the bill was reported favorably. SB 1324, which was expected to address principal offices of LLCs, was temporarily postponed. The committee also passed CS/SB 1080 by Senator DeSigley, which directs FDOT to adopt rules allowing direct payments to first-tier subcontractors in specified circumstances. A transportation industry representative supported the measure, saying the situations are rare but need a statutory remedy. CS/SB 1582 by Senator Yarbrough, as amended, requires secondhand dealers, secondary metal recyclers, and pawnbrokers to submit transaction data to FDLE for statewide sharing through systems such as LInX; the amendment and bill were both reported favorably, with one witness from the Florida Recycler’s Association opposing the amendment. Senator McLean’s SB 1672, creating a home buyer workforce tax credit for employer contributions to help employees with first-time Florida home purchases, was reported favorably with support from the Florida Chamber of Commerce. SB 1112 by Senator Garcia, relating to the Florida Labor Pool Act, drew extensive testimony from workers, reentry advocates, and supporters who argued it would prohibit placement fees when workers are hired permanently, require annual registration of labor pools, improve accountability, and support stable employment and reentry; the bill was reported favorably. The committee then adjourned after recording votes and other closing business.

Transcript Highlights:

• voluntary PRE K education to all 4 year-olds in the state of Florida as well as some 5 year-olds depending
• So I believe it's thank you. 8, 9, or 10 depending on family size, income, et cetera. Okay.
• I think it may depend on each requests for application that districts wrote right and regards their policies
• And so it would depend on their background history.
• I think it depends on you're looking at budget first policy and what is the desire right of the legislature

Transcript Highlights:

• But SAF benefits, or would have benefited, and may depend, depending on how the economics come out, on
• But SAF benefits, or would have benefited, and may depend, depending on how the economics come out, on
• Our effort to reach the 100% plan by 2040 goal depends on it.
• reach the 100% plan by 2040 goal depends reach the 100% plan by 2040 goal depends on<01:36:51.360
• Our kids are depending on it and on it.

Keywords: 1187, senate, all

Transcript Highlights:

• Chair, I do think there are laws that you cannot change rate depending on who the customer is.
• on who the customer is no you depending on who the customer is no you can't<00:28:50.120> that's<
• <01:22:12.280> on<01:22:12.400> the and I think it depends on the and I think it depends
• it depends on so first<01:24:03.320> let<01:24:03.440> me<01:24:03.719> let<01:
• whole situation of itself so it depends whole situation of itself so it depends on<01:24:07.480>

Keywords: 1191, senate, all

Transcript Highlights:

• not quite but give or take depending on not quite but give or take depending on how<00:18:12.360>
• It really is program dependent."
• It really is program dependent."
• It really is program dependent."
• It depends. Great question.

Keywords: 928, house, all

Summary: The committee first heard the Banking Department’s fiscal year 2026-2027 budget presentation from Commissioner Amelia Galeri. She described the department as a self-funded consumer protection regulator overseeing two main areas: the Banking Trust Division, which supervises state-chartered banks, credit unions, and trust companies, and the Consumer Credit Division, which oversees more than 7,000 licensees including mortgage and money transmitter businesses. She said the department’s budget is about 86% salaries and benefits, with 53 positions all filled, and explained that the agency funds itself through fees, fines, and end-of-year assessments on regulated entities. Galeri said the department is facing workload growth from several directions: continued growth in the trust industry, increased fintech supervision, and a new requirement to regularly examine auto dealers that take finance applications, which adds about 300 exams over two fiscal years. She said the department was directed to flat-fund its budget based on 2025 levels but was allowed to increase travel and training. To stay within that limit, she said the department reduced office space, went paperless, converted administrative and licensing positions into examiner positions, and expects to defund an embedded DOJ database administrator position once a new SharePoint system is fully implemented. Members asked about how the department’s revenue and assessments work, including whether fees were increasing and how much existing banks would pay. Galeri said fees are not being raised, most banks pay little or no fines, and assessments are based largely on asset size, with trust companies paying the bulk. She also explained that fines are set by statute, generally capped at $2,500 per violation for consumer credit entities, and said she would not recommend increasing that cap. The committee then voted to accept the Banking Department’s budget proposal as presented in HQ1, with a motion and second and no discussion. The transcript then moved to the Department of Energy budget. Commissioner Jared Chakin and Chief of Operations Lenny Radio discussed federal program funding, including LIHEAP fuel assistance and weatherization. They said the apparent drop in fuel assistance funding from FY 2024 actuals to the budgeted amount is due to the loss of ARPA and CARES Act supplemental funds, while weatherization remains a federally constrained program with a waiting list and limited flexibility. Members also asked about a proposed transfer from the renewable energy fund; staff said the transfer would still allow the department to carry out its statutory duties for the year, though the committee deferred deeper discussion until House Bill 2.

Transcript Highlights:

• It's so dependent upon federal policy. Yeah, I mean, what do they assume?
• So the number of other dependents, or people 65 and older, per 500 working-age individuals, defined here
• By 2035, we'll have 37 elderly dependents per 100 working-age individuals.
• Total population, age structure of our population, age dependency ratios, etc.
• We are highly dependent on international immigration for population growth in Massachusetts.

Keywords: 995, all

Summary: The Senate Committee on the Census heard presentations on Massachusetts population trends and how they affect state housing planning. Susan Strait of the UMass Donahue Institute reviewed recent Census Bureau estimates, saying Massachusetts grew strongly over the last decade but that growth has slowed sharply in the newest estimates, largely because net international migration has fallen from a post-pandemic surge. She also described the four components of population change—births, deaths, domestic migration, and international migration—along with aging trends, declining fertility, the importance of the millennial cohort, and the role of foreign-born residents in births and the labor force. Committee members asked about college students in group quarters and about counting incarcerated people, and Strait explained the Census Bureau’s current methods and noted that some issues remain under discussion. Jesse Guerrero of the Metropolitan Area Planning Council then explained how MAPC uses UMass Donahue population projections to build household and local land-use forecasts for MassDOT and the statewide housing plan. He said the earlier transportation projections anticipated slower statewide growth and regional decline in western Massachusetts and on the Cape, with more growth in eastern Massachusetts. He also described how household formation, development patterns, zoning, and affordability are modeled, and noted that newer housing-plan scenarios use updated Census data and different assumptions about migration. Senator Miranda raised concerns about Cape Cod population loss and whether seasonal residents are being counted, and Guerrero and Strait said the projections focus on permanent residents, not seasonal populations. Tim Reardon of the Executive Office of Housing and Livable Communities tied the demographic forecasts to the statewide housing plan, saying housing demand exists even under low-growth or slight-decline scenarios. He said the plan estimates about 115,000 homes are needed to address existing shortages, including doubled-up households, shelter families, seasonal conversion losses, and the need for healthier vacancy rates, plus additional units tied to future household formation. He added that the state’s total housing target is about 222,000 units, or as high as 262,000 under a higher-growth scenario. Senators pressed him on whether the scenarios are now too high given the recent drop in immigration, on affordability and out-migration, and on whether the housing plan adequately reflects homelessness and overcrowding in Boston and elsewhere. Reardon said the plan includes production, rental assistance, shelter prevention, and preservation strategies, and noted that HLC is also using grant programs and MBTA Communities-related infrastructure funding to support housing production statewide.

Transcript Highlights:

• We depend on people to do a great job and we have failed under fraud and or waste to do the basics in
• We depend on people to do a great job and we have failed under fraud and or waste to do the basics in
• We depend<00:03:16.080> on<00:03:16.319> people<00:03:16.560> to<00:03:16.720>
• on people to do a great job and depend on people to do a great job and we<00:03:18.400> have<
• <00:15:36.480> on efficiencies that my counties depend on efficiencies that my counties depend

Keywords: 1187, senate, all

Summary: The program focused first on Minnesota Republicans’ efforts to combat fraud and improve government accountability, featuring Sen. Mark Koran. He argued that fraud in programs such as Medicaid, childcare assistance, PCA, autism services, housing support, and food aid harms both taxpayers and vulnerable recipients, and he cited cases where people in need were left without services. Koran said the problem stems from weak agency oversight, overreliance on self-attestation, and poor use of available data and site visits. He described a bill and related work to strengthen an independent inspector general structure, standardize eligibility checks, require better verification and external data use, and improve agency accountability; he also said federal involvement is necessary because many programs include federal dollars. No vote was taken in the interview, but he said the Senate had already passed an inspector general-related measure and that broader reform is still needed. The second major topic was the Senate DFL’s “ICE accountability agenda” in response to federal immigration enforcement activity in Minnesota. The package includes bills to protect sensitive spaces such as schools and hospitals, ban law enforcement officers from wearing masks while on duty, and allow Minnesotans to sue the federal government in state court. DFL members framed the issue as one of constitutional enforcement tactics rather than immigration policy, and said the measures are intended to prepare the state if ICE returns. No committee vote or final action was described. The final segment covered school seclusion policy. Sen. Judy Seeberger explained that seclusion is intended as an emergency safety tool, not discipline, but said the 2023 law banning it through grade 3 removed a resource without replacing it. She said supporters of the ban point to misuse and trauma, while she and a working group sought a compromise with tighter safeguards: extending the policy through grade 12, requiring explicit parental consent and access to the room, interpreter services when needed, and reporting if seclusion is used repeatedly. She said the working group’s recommendations were largely reached by consensus, but the issue remains unresolved and it is unclear whether further legislation will advance this session.

Transcript Highlights:

• The unsatisfying answer to your question is it depends.
• It depends on which land is sold, because each land is attributed to a certain beneficiary, and only
• So it depends. What we're seeing is a lot of these lease sales going to the general fund.
• Or are we depending on I'm self-employed, so I choose to hire and fire And grow and not grow when the
• The participation rate is gonna depend.

Keywords: 996, all

Transcript Highlights:

• I will say that the availability of these internships often depends on office resources.
• I'm not here to talk about dependency or guardianship. This is about cases between parents.
• It depends county on county, how they choose to hire.
• It really depends on where the individual is housed.
• And it really depends on where the individual is housed.

Summary: The work session began with a discussion of expanding opportunities in the legal profession, especially in response to shortages of lawyers in rural Washington and in public service roles. Washington State Bar Executive Director Tara Nevitt described a slowly growing but aging attorney population, noted that younger attorneys have declined, and outlined efforts such as supervised practice pathways to bar admission, reduced admission-by-motion experience requirements, expanded law clerk capacity, rural job fairs and grants, and a pilot program allowing innovative legal service delivery models. Members asked about bar passage score changes, loan repayment assistance, and the former Limited License Legal Technician program; Nevitt said the bar is monitoring other states and remains in dialogue with the court about paraprofessional licensing. Law school representatives from UW, Seattle University, and Gonzaga emphasized public service pipelines, financial barriers, and rural legal deserts, citing LRAPs, scholarships, stipends, clinics, and hybrid or regional programs designed to recruit and retain students in Washington. Seattle U highlighted its FlexJD and hybrid hub partnerships in underserved areas, while Gonzaga and UW reported substantial shares of graduates entering public service, though most still cluster in urban regions. The committee also heard from the Washington Association of Prosecuting Attorneys and the Office of Public Defense, both of which described severe recruitment and retention problems in rural counties, with vacancies, low applicant pools, and the need for higher salaries, housing help, internships, and loan support. The Office of Public Defense said its internship and fellowship program, created by SB 5780, has already placed interns in rural counties and produced some commitments to return after graduation. The Washington State Bar’s law clerk program was also presented as a pathway that helps people train locally and remain in their communities, including by supporting succession for aging solo practitioners. The committee then shifted to family law and guardianship issues. On Title 26 guardian ad litem practice, presenters from Northwest Justice Project and private family law practice said GALs can play an important role but that training, oversight, and consistency remain major concerns, especially in domestic violence cases. They described problems such as inadequate training, bias, inconsistent recommendations, high fees, and lack of accountability, and suggested stronger, standardized training, more use of mental health professionals for custody evaluations, and better oversight mechanisms. Members asked about county practices, including rotation systems for GAL appointments and whether King County’s family court assessors provide a useful model. The discussion then moved to minor guardianships under the Uniform Guardianship Act. A Superior Court judge said the 2021 changes increased the need for court visitors and appointed counsel, but courts are struggling to find qualified attorneys and visitors, especially in rural areas. A former commissioner said most of the bill under discussion was technical cleanup to align prior amendments, though it would add some fiscal burdens. Administrative Office of the Courts staff reported that the statewide reimbursement program for UGA implementation has repeatedly run out of money earlier each year, with minor guardianship costs making up most of the expense. The Office of Public Guardianship then described rapid growth in demand for adult guardianship and less restrictive alternatives, noting that referrals and caseloads have risen sharply, but that the office is constrained by a shortage of certified professional guardians and low compensation levels. Finally, the committee began an update on Blake implementation from the Office of Civil Legal Aid, which funds civil legal services related to the decision, before the transcript cut off.

Transcript Highlights:

• I want to be mindful that, depending on neighborhoods, depending on demographics, depending on your race
• I want to be mindful that, depending on neighborhoods, depending on demographics, depending on your race
• But depending upon family size and number of children, they're going to range.
• Depending upon family size and number of children, they're going to range anywhere from about, I think
• Then about 1,700 were under-enrolled, plus or minus, depending on what month you were looking at.

Summary: The committee began with a work session on juvenile rehabilitation institution capacity, services, and staffing. DCYF Assistant Secretary Jennifer Redmond described overcrowding at Green Hill School and Echo Glen, driven by longer adult-style sentences extending past age 25, limited community placements, and small facility sizes. She said Green Hill remains above safe operating capacity, but staffing, injuries, large-scale aggression, and use-of-force incidents have improved over the past year. She also discussed Harbor Heights, a new 46-bed flex facility that had opened with 22 youth and would expand once a medical trailer arrives, as well as community transition services, vocational programming, behavior management reforms, and a request for more resources for mental health-focused facilities and staffing. Members asked about success metrics, developmental disability screening and supports, college access at Echo Glen, Mission Creek planning, and gender-responsive programming; Redmond said JR uses assessments, family involvement, and specialized living units, and that some requested funding had already been secured for returning a girls’ program at Echo Glen. The committee then heard from Team Child and the Youth Action Coalition. Greta Schultz said youth perspectives should guide system reforms and identified key concerns: overuse of sentence extensions, underuse of community transition services, continued criminal referrals from Green Hill to Lewis County, limited family contact, inadequate mental health access, and unequal education opportunities, especially for young women at Echo Glen. Justella Gonzalez, a former system-involved youth, said her time in county and state facilities was harmful, with staff mistreatment, poor education, limited therapy access, and humiliating restraint practices; she also said girls at Echo Glen lacked the same college opportunities as boys at Green Hill. Committee members asked for follow-up on county versus state experiences and on telehealth mental health services. The next presentation covered county-level services for youth involved or at risk of involvement with the justice system, led by juvenile court administrators Christine Simon-Smeyer and Judge Rachel Anderson. They outlined the juvenile court continuum from prevention and truancy work through diversion, detention alternatives, community supervision, and disposition alternatives, emphasizing evidence-based, trauma-informed, and restorative practices. Clark County was used as an example of a court that partners closely with schools and community providers, uses risk assessments and wraparound behavioral health probation, and offers detention alternatives without electronic home monitoring. They said most courts do not use detention for status offenses, but instead use court involvement to connect youth to services. They also described funding, noting that courts rely on a mix of state block grant and local dollars, and that recent cuts to early intervention funding reduced programming and staff hours. Members asked about detention for truancy, developmental disability identification, restorative justice practices, and the juvenile block grant. Finally, DCYF Assistant Secretary Nicole Rose and Katie Warren of the Washington State Association of Head Start and ECAP discussed child care and early learning impacts from recent policy and budget changes. Rose said Fair Start for Kids investments had increased child care access, provider participation, and kindergarten readiness, with more than 60,000 children in Working Connections care and rising ECAP enrollment and provider capacity. She said recent reductions will raise most family copays in 2026, delay eligibility expansions, eliminate some expanded eligibility categories, reduce ECAP slots by about 3,000, delay entitlement timelines, and cut provider supports such as rate increases for centers, complex-needs grants, trauma-informed and dual-language incentives, and infant/early childhood mental health consultation. Warren emphasized ECAP’s role in family stability, workforce participation, and reducing poverty, and noted its two-generation approach to supporting both children and parents.

Transcript Highlights:

• But the dependencies that we can't control are which companies are going to come.
• And depending on which companies come, what revenue we get, and what economic impact.
• And that's because their business model depends on that.
• Southern New Mexico, and especially Doña Ana, depend on what happens.
• And depending on the month of the total trade value, that's what's going to come from Foxconn.

Transcript Highlights:

• Generally, when we build a new armory, the state has a cost share of that, depending on the armory and
• share of new Armory the state has a cost share of that<00:09:36.880> uh<00:09:37.040> depending
• on the Armory and the that uh depending on the Armory and the type<00:09:38.800> of<00:09:39.000
• We want to bring this bill forward for clarity for our veterans, spouses, and eligible dependents. and
• We want to bring this bill forward for clarity for our veterans, spouses, and eligible dependents.

Keywords: 1183, house

Transcript Highlights:

• And this is just going to a cost per grant, not depending on the size of the grant.
• <01:00:01.240> and us free from state aid dependence and us free from state aid dependence
• You’re chasing the successful out and drawing in the dependent.
• drawing in the dependent. drawing in the dependent.
• And I'm very close to roll calling this depending on how this ends up moving forward.

Keywords: 1187, senate, all

Transcript Highlights:

• About two-thirds of the recipients are dependent students, and about 15% of students overall are student
• income, household size, and then the dependency status of the student.
• , household size, and then the dependency status of the student.
• To have these modifiers depending on, you know, the situations that our students are in.
• Duty service members and their dependent Duty service members and their dependent family<01:35:56.639

Keywords: 1187, senate, all

Summary: The committee received an informational presentation from the Minnesota Office of Higher Education on the State Grant program and governor-recommended changes, with some discussion of North Star Promise. Staff explained that State Grant is the state’s largest financial aid program, intended to promote college access and choice for students with the highest financial need, and that it works alongside Pell Grants. They reviewed program eligibility, award calculation, and participation rules, and noted that the program serves a large share of low- and middle-income students, including many dependent students, student parents, BIPOC students, and adult learners. They also described how awards and spending are distributed across public and private institutions and how the agency projects spending using enrollment, tuition, and FAFSA data. A major focus was the current fiscal-year deficit in State Grant. Staff said the program is experiencing a shortfall driven by higher-than-expected enrollment, more students with greater financial need, and major FAFSA formula changes that increased the number of applicants with zero or negative student aid index values. They said the office has already rationed awards where allowed and imposed a FAFSA deadline for spring awards, and does not expect to fund some awards. Officials explained that if the program projects a surplus, they typically adjust the living and miscellaneous expense allowance to spend down funds; if it projects a deficit, they can increase student and family responsibility to reduce award sizes, but the program must stay within its appropriation. Senator Duckworth asked several questions about whether unused funds could be transferred between State Grant and North Star Promise, and how the two programs are treated. Staff said State Grant funds revert to the general fund at the end of the biennium, while North Star Promise uses a special revenue account, and that transfers may be possible but would need clarification under current authority. They referenced a prior legislative transfer from North Star Promise funds to cover a shortfall in the Fostering Independence Grant and said they would follow up on the exact transfer authority. No votes or formal actions were taken during the presentation and discussion.

Transcript Highlights:

• I mean, they're dependent on this line getting to Fargo because there's not enough natural gas for a
• And as you can see, it varies depending on the life of the asset, what the term is.
• And as you can see, it varies depending on the life of the asset, what the term is.
• So it depends on the program.
• And it's hard to work because it's totally dependent on politics and who sits in those seats.

Summary: The committee received a compliance and budget update on Industrial Commission agencies and programs, including the Industrial Commission administrative office, the Oil and Gas Research Program, the Clean Sustainable Energy Authority, the State Energy Research Center, the Research Technology Park grant program, and related funds. Staff reviewed spending and balances for items such as electric grid resiliency grants, lignite research, enhanced oil recovery, the salt cavern business case study, and the new NDSU research and technology park grant. Members also discussed timing, carryover balances, matching requirements, and how some programs are structured to reimburse projects over several years rather than spend funds immediately. Karen Tyler of the Industrial Commission described the agency’s administrative budget, the grant management system nearing completion, and the transition to standalone audits and staffing after separating from other agencies. She also outlined the status of active grant rounds across lignite, oil and gas, renewable energy, outdoor heritage, and clean sustainable energy programs. Members asked about the length of active grants, demand for clean energy funding, and the possibility of future grant rounds. Tyler and members also discussed the salt cavern study, the need to better define its commercial value, and the research technology park grant’s cash-match requirement. Ron Ness then testified on enhanced oil recovery and broader oil and gas market conditions. He said North Dakota production remained steady, but future growth depends on infrastructure, longer laterals, and better use of natural gas and carbon dioxide for EOR. He described the state’s EOR grant round, the use of federal DOE funding to replace part of a state-funded project, and the expectation of additional grant rounds. Members asked about CO2 supply, storage, and the economics of using legacy fields and pipelines to extend oil production and support agriculture and industrial uses. The committee also heard from Bank of North Dakota President Don Morgan, who reviewed the bank’s mission, governance, lending verticals, disaster programs, and new initiatives. He said the bank is seeing deposit growth flatten and is responding to fintech competition by focusing on liquidity, risk management, and a new payment infrastructure initiative called Rough Rider Coin, which he emphasized is not crypto and not a public coin, but a banking payment rail for North Dakota institutions. Members asked about student loan rates, disaster lending, and how the bank’s lines of credit and balance sheet capacity are affected by deposit trends. Morgan said the bank remains profitable and continues to support agriculture, commerce, and industry through participation loans, student lending, and state-directed programs.

Transcript Highlights:

• I mean, they're dependent on this line getting to Fargo because there's not enough natural gas for a
• But it's different depending on credit score and all the underwriting, but around six-ish. Sure.
• And as you can see, it varies depending on the life of the asset, what the term is.
• So it depends on the program.
• And it's hard to work because it's totally dependent on politics and who sits in those seats.

Summary: The committee took roll, approved the March 18 minutes, and then received a compliance-report update on the Industrial Commission and related funds and programs. Staff reviewed the status of one-time appropriations and grant programs, including electric grid resiliency, lignite research, enhanced oil recovery, the Clean Sustainable Energy Authority, the salt cavern business-case study, and the new NDSU research and technology park grant. Members asked about funding balances, reimbursement timing, matching requirements, and how some commitments would affect the State Investment Fund and future biennia. Industrial Commission staff then gave a broader update on the agency’s administrative office, grant management system, leadership transitions at several commission agencies, and active grant rounds. They reported that the grant management system is nearing completion, that several agency leadership searches have concluded, and that the commission’s grant programs currently have 108 active grants totaling more than $165 million. They also described the Clean Sustainable Energy Authority round, the oil and gas research program’s enhanced oil recovery awards, the grid resiliency grants, the salt cavern study, and the research technology park program, noting that some projects are awaiting federal funds or additional matching cash. Ron Ness, speaking for the Oil and Gas Research Council, focused on the state of the oil industry and the enhanced oil recovery “Bakken 2.0” effort. He said production remains steady, but future growth depends on better infrastructure, longer laterals, and new EOR methods such as CO2, natural gas, and surfactants. He emphasized the importance of the Bakkeneast pipeline and related gas-utilization projects, the recent DOE funding that will return some money to the research council, and the need to modernize tax and incentive rules for CO2-based recovery. Members discussed the potential economic benefits for oil, agriculture, and manufacturing. The Bank of North Dakota then presented its compliance report and a broader strategic update. Bank leadership reviewed the bank’s mission, governance, participation lending, student lending, disaster programs, and legislatively directed programs, and said the bank is managing for a flatter deposit base and stronger liquidity because of fintech competition and changing market conditions. They reported improved earnings, with net income rising to about $231 million, and described Rough Rider Coin as a new internal payment rail for North Dakota banks and credit unions, not a public cryptocurrency. Members asked about student loan eligibility, disaster lending, and the bank’s capacity to support state programs while maintaining its balance-sheet and liquidity requirements.