Bills: HB4104, HB3722, HB3787, HB3700, HB3701, HB3310, HB3404, HB2964, HB2398, HB3024, HB3499, HB3278, HB3279, HB3645, HB3649, HB2293, HB3260, HB3176, HB3177, HB3114, HB3172, HB3322, HB3323, HB4248, HB3720, HB2210, HB1322, HB1937, HB3301, HB4107

Keywords: Oklahoma criminal law, felony classification, Class B5, Class D1, sentencing enhancement, repeat offender, domestic violence, stalking, voyeurism, peeping tom, clandestine recording, hidden camera, privacy offense, sex offender registry, Sex Offenders Registration Act, protective order violation, animal cruelty, cockfighting, dogfighting, public safety

Transcript Highlights:

• In assets, it says they cannot take an adverse action against entities when they're engaged in lawful
• So the institutions that will be impacted are those who have assets of $100 billion or more.
• Not at this Time, the largest bank we have in Oklahoma is just under $50 billion in assets.
• curious why we need this in state law now since we don't have an institution that is at $10 billion in assets

Bills: HB4104, HB3722, HB3787, HB3700, HB3701, HB3310, HB3404, HB2964, HB2398, HB3024, HB3499, HB3278, HB3279, HB3645, HB3649, HB2293, HB3260, HB3176, HB3177, HB3114, HB3172, HB3322, HB3323, HB4248, HB3720, HB2210, HB1322, HB1937, HB3301, HB4107

Keywords: Oklahoma criminal law, felony classification, Class B5, Class D1, sentencing enhancement, repeat offender, domestic violence, stalking, voyeurism, peeping tom, clandestine recording, hidden camera, privacy offense, sex offender registry, Sex Offenders Registration Act, protective order violation, animal cruelty, cockfighting, dogfighting, public safety

Bills: SCR 22, SB 53, SB 204, SB 266, SB 268, SB 291, SB 292, SB 296, SB 304, SB 305, SB 413, SB 447, SB 455, SB 462, SB 493, SB 504, SB 519, SB 522, SB 532, SB 541, SB 667, SB 670, SB 673, SB 681, SB 687, SB 711, SB 746, SB 765, SB 783, SB 827, SB 850, SB 860, SB 888, SB 897, SB 901, SB 927, SB 955, SB 963, SB 984, SB 989, SB 993, SB 996, SB 1023, SB 1033, SB 1058, SB 1062, SB 1101, SB 1119, SB 1172, SB 1173, SB 1215, SB 1220, SB 1227, SB 1228, SB 1229, SB 1238, SB 1239, SB 1245, SB 1248, SB 1254, SB 1259, SB 1273, SB 1277, SB 1302, SB 1332, SB 1341, SB 1346, SB 1350, SB 1352, SB 1353, SB 1355, SB 1358, SB 1370, SB 1371, SB 1378, SB 1403, SB 1404, SB 1415, SB 1437, SB 1448, SB 1450, SB 1464, SB 1493, SB 1494, SB 1537, SB 1566, SB 1569, SB 1589, SB 1598, SB 1644, SB 1709, SB 1719, SB 1729, SB 1733, SB 1744, SB 1772, SB 1810, SB 1841, SB 1895, SB 1930, SB 2039, SB 2289, SB 2312, SCR 1, SCR 6, SCR 27, SCR 32, SB 2232

Keywords: mental health, court proceedings, notice requirements, legal filings, electronic documents, parental rights, education, school trustees, training, handbook, tax collection, managed audits, taxpayer rights, dispute resolution, penalty, health care, licensing, complaint procedure, disciplinary action, law enforcement

Transcript Highlights:

• And that is this legislature initiated global leadership on digital assets.
• We've got to turn that around, and the work you did on digital assets will help turn that around.
• It's going to be that way in Wyoming for digital assets. And again, it's because of what you did.
• turn<00:58:10.720> that on digital assets will help turn that on digital assets will help
• And again, it's because digital assets.

Keywords: 916, all

Transcript Highlights:

• No state has the depth and diversity of assets from our research and development institutions, including
• We can do flight tests here using the White Sands Missile Range, which is a huge asset for the state
• Therefore, it becomes a very important asset to actually keep sustainable economic growth.
• more and more of an issue. with the Americans with Disabilities Act, with a particular emphasis on digital
• It's enormous, but it's a huge opportunity to now look at our digital content the same way that we look

Transcript Highlights:

• have unintended consequences and that our rigid opinions and fixed mindsets might not be our best assets
• not<00:04:15.840> be<00:04:16.000> our<00:04:16.239> best<00:04:16.479> assets
• mindsets might not be our best assets mindsets might not be our best assets when<00:04:17.519>
• <00:05:15.919> Please >> H727 to Energy and Digital Infrastructure. >> H728 to Judiciary.
• H740 to Energy and Digital Infrastructure. H741 to Judiciary.

Keywords: 926, house, all

Summary: The House opened with a devotional message from Representative Chris Marorrow centered on humility, uncertainty, and keeping a “beginner’s mind” when making decisions. He used a farmer story, a Zen teaching, and a Christian text to emphasize that outcomes are often unknowable and that lawmakers should remain open, curious, and aware of unintended consequences. The chamber then suspended rules to introduce 15 House bills by number only and referred them to committees, including bills sent to Energy and Digital Infrastructure, Judiciary, Government Operations and Military Affairs, Environment, Ways and Means, Commerce and Economic Development, Healthcare, Human Services, and Agriculture, Food Resiliency, and Forestry. The House also adopted JRS 34, a joint resolution setting the weekend adjournment schedule so the two chambers would reconvene no later than Tuesday, January 27, 2026. Several committee reassignment motions were approved: H.724, relating to involuntary psychiatric medication in emergency circumstances, was moved from Human Services to Healthcare; and H.661, relating to workers’ compensation coverage for firefighters with cancer, was moved from General and Housing to Commerce and Economic Development. Announcements included a Farmers Night event, a Climate Solutions Caucus meeting, and recognition of guests in the gallery. The House then adjourned until Thursday, January 22, 2026, at 3 p.m.

Transcript Highlights:

• And it's one of Florida's most beautiful and also treasured cultural assets: agriculture in Florida.
• for land management and to support recreation opportunities, and we can use up to 25% for capital assets
• for land management and to support recreation opportunities and we can use up to 25% for capital assets
• An increase in the capital asset allowance to 50% potentially would be really great as well because we
• about it is a few years ago, whenever we stopped using so much paper, everybody started going to digital

Summary: The Agriculture and Natural Resources Budget Committee met with a quorum and heard two Department of Agriculture presentations. First, the Director of Rural and Family Lands described the Rural and Family Lands Protection Program, which buys development rights through perpetual conservation easements on private agricultural land to preserve farming, wildlife habitat, water resources, and open space while keeping land taxable and avoiding state maintenance costs. He said the program has expanded rapidly since 2023 through streamlined applications, templates, and an online portal, increasing acreage protected from about 66,000 acres through 2022 to more than 210,000 acres, with a higher share in the Florida wildlife corridor. He also said review times were reduced by more than 85 days and that projects under $5 million can move faster under statutory authority. The department is seeking $200 million in nonrecurring funding on top of $100 million recurring, citing 203 existing projects and 224 new applications totaling nearly $2 billion in estimated need. Members asked about the scientific ranking process, South Florida participation, project prioritization, maintenance responsibilities, and whether landowners can exit the program; staff said land remains privately owned, easements are in perpetuity, and partnerships and cost-sharing are prioritized. The committee then heard from the Florida Forest Service director, who outlined the agency’s dual mission of wildfire response and land management. He said the service responds to roughly 2,200 to 2,500 wildfires annually, manages 38 state forests and one ranch totaling more than 1.1 million acres, and receives about 15 million visitors each year. He highlighted the impact of Senate Bill 1638 gaming compact funds, which provided $32 million for land management, recreation, equipment, roads, invasive species control, habitat restoration, prescribed burning, reforestation, and staffing support. He said Florida leads the nation in prescribed fire, with 277,818 acres burned on state forests last year and 2.47 million acres burned statewide, and noted ongoing restoration work such as Picayune Strand. He also described challenges including aging equipment, deferred maintenance, contractor availability, and timber market instability caused by hurricanes and mill closures, and suggested longer-term funding and a higher capital asset allowance. Members discussed timber markets, public communication and marketing, recreation fees, and coordination with other agencies and FDOT. The meeting ended with the chair noting that next week’s meeting would report out agency conversations and budget recommendations, and the committee rose.

Transcript Highlights:

• Over time, this will change and evolve as these larger producers figure out which assets they want to
• You're going to put your investment in your wells on your best assets.
• You're going to put your investment in your wells on your best assets.
• But yes, moving that to a digital display is certainly on the radar.
• One option would be a digital display, where you could show several portraits on one digital display

Keywords: 908, all

Summary: The Budget Section Leadership Division met with a quorum and approved the March 18 minutes. The committee first heard an update from the Petroleum Council on oil and gas activity in North Dakota. Ron Ness said production is expected to remain relatively flat at just under 1.2 million barrels per day, with efficiency gains and longer laterals helping offset lower rig counts. He discussed oil and gas prices, gas taxation, flaring concerns, northward movement of drilling activity, and the importance of new infrastructure and enhanced oil recovery (EOR) pilots. Members asked about gas taxation, natural gas liquids, pipeline impacts, and the outlook for Continental and other operators. Ness said the industry is likely to remain steady rather than see a major ramp-up or decline. Matt Pearl of the State Tax Department then explained the federal “big beautiful bill” and its effect on North Dakota income tax collections. He said the law extends or makes permanent several federal provisions and creates temporary deductions for seniors, tips, overtime, and auto loan interest, with the biggest state impact coming from the standard deduction increase and business tax changes. He revised earlier estimates downward, saying the net cash impact on state collections is likely in the $30 million to $35 million range after accounting for business prepayments and one-time FY25 oilfield transaction effects. Committee members asked which provisions apply to standard versus itemized returns. OMB staff gave a detailed update on major capital projects and facility funding. Topics included Capitol grounds improvements such as 18th-floor renovations, wayfinding, seating, lighting, tree management, and restroom and lobby upgrades; security work at the governor’s residence, which has been delayed by the discovery of human remains; and space reconfiguration efforts in Bismarck-Mandan to reduce leases and create shared offices and conference rooms. They also reported on the State Facility Maintenance Fund, including roof, window, boiler, and kitchen projects at state facilities, and on the state hospital project in Jamestown, which remains on budget and on schedule for substantial completion in winter 2027 and opening in spring 2028. OMB also updated the committee on the Minot North Central State Office Building, the use of federal State Fiscal Recovery Funds, and the status of legislative intent and trust fund reports, including school aid turnback, the school construction loan program, the Foundation Aid Stabilization Fund, the Legacy Fund, and the Strategic Investment and Improvements Fund. The committee ended by discussing future agenda items, including government efficiency, cash management, Bank of North Dakota lines of credit, and the rural health transformation program, and then adjourned.

Bills: SB2097, SB2317, SB2319, SB2177, SB2190, SB2424, SB2524, SB2627, SB3084, SB895, SB896, SB3102, SB3157, SB3215, SB2050, SB2090, SB2211, SB2572, SB2096, SB2025, SB2127, SB2046, SB2262, SB2354, SB2387, SB2487, SB2955, SB3234, SB2851, SB2573, SB2391, SB3282, SB3055, SB2189, SB2194, SB3152, SB2635, SB888, SB2203, SCR1, SCR2, SCR3, SCR4, SCR5, SCR6, SCR7, SCR8, SCR9, SCR10, SCR11, SCR12, SCR13, SCR14, SCR15, SCR16, SCR17, SCR18, SCR19, SCR20, SCR21, SCR22, SR3, SR5, SR6, SR7, SR8, SR9, SR10, SR11, SR12, SR13, SR14, SR15, SR16, SR17, SR18, SR19, SB2010, SB3118, SB3276

Keywords: sustainable agriculture, climate adaptation, food system resilience, grant program, Hawaii agriculture, agriculture, insurance, small producers, state support, biosecurity, farm coverage, public-private partnerships, agricultural policy, grant funding, food security, climate resiliency, housing development, zoning exemption, government assistance, affordable housing

Bills: SB2097, SB2317, SB2319, SB2177, SB2190, SB2424, SB2524, SB2627, SB3084, SB895, SB896, SB3102, SB3157, SB3215, SB2050, SB2090, SB2211, SB2572, SB2096, SB2025, SB2127, SB2046, SB2262, SB2354, SB2387, SB2487, SB2955, SB3234, SB2851, SB2573, SB2391, SB3282, SB3055, SB2189, SB2194, SB3152, SB2635, SB888, SB2203, SCR1, SCR2, SCR3, SCR4, SCR5, SCR6, SCR7, SCR8, SCR9, SCR10, SCR11, SCR12, SCR13, SCR14, SCR15, SCR16, SCR17, SCR18, SCR19, SCR20, SCR21, SCR22, SR3, SR5, SR6, SR7, SR8, SR9, SR10, SR11, SR12, SR13, SR14, SR15, SR16, SR17, SR18, SR19, SB2010, SB3118, SB3276

Keywords: sustainable agriculture, climate adaptation, food system resilience, grant program, Hawaii agriculture, agriculture, insurance, small producers, state support, biosecurity, farm coverage, public-private partnerships, agricultural policy, grant funding, food security, climate resiliency, housing development, zoning exemption, government assistance, affordable housing

Transcript Highlights:

• But there are some good things that are coming, and the world is shifting toward this type of digital
• asset, good, bad, or indifferent.
• asset, good, bad, or indifferent.
• But there are some good things that are coming, and the world is shifting toward this type of digital
• asset, good, bad, or indifferent.

Keywords: Meeting Start 00:00 Call to Order and Roll Call 00:01 Discussion SB 157 00:23 Vote SB 157 05:22 Discussion SB 189 05:57 Vote SB 189 26:49, 958, all

Summary: The committee first took up Senate Bill 157, which would align Kentucky’s mortgage loan fee rules with federal standards by exempting certain first and second mortgages from the state’s total net income cap when they meet federal points-and-fees thresholds. The sponsor and Rocket Mortgage testified that the bill would make it easier for borrowers to buy down mortgage interest rates with discount points, helping affordability without changing borrower costs, while preserving the existing 4% cap for loans outside the federal standard. Members discussed how rate buydowns work in practice, and the bill passed with a favorable expression after a roll call vote. The committee then heard Senate Bill 189, as amended by a committee substitute, which would create a licensing and regulatory framework for virtual currency kiosks, or crypto ATMs, in Kentucky. The sponsor described widespread scam losses tied to these kiosks, especially among older adults, and said the bill would add consumer protections such as licensing, financial safeguards, transaction limits, refund or hold requirements, disclosures, receipts, and enforcement authority for the Department of Financial Institutions. He also said the substitute was based on other states’ models and that further changes might be needed, including possible floor amendments. AARP Kentucky testified in support of regulating crypto kiosks but said the committee substitute weakened consumer protections and urged stronger safeguards, including lower transaction limits, fee caps, identity verification, receipts, and scam warnings. AARP representatives cited data on scam complaints and losses in Kentucky and nationally, and said the point of transfer is the best place to prevent harm. Committee members generally agreed the issue was consumer protection, but one senator cautioned against overregulating personal financial choices and noted that scams exist in many forms. The discussion ended with acknowledgment that the bill would continue to be refined, including in coordination with the House and stakeholder groups.

Transcript Highlights:

• <00:47:47.359> Mr digitally Mr digitally Mr or<00:47:49.280> uh<00:47:49.520> so
• shuo<00:53:15.000> or a depreciated assets say like shuo or a depreciated assets say like
• regardless of whether the asset regardless of whether the asset contributes<01:03:32.839> to<
• utilities to build reliable assets utilities to build reliable assets ensuring<01:04:49.400>
• not but could you close uh an asset like not but could you close uh an asset like that<01:14:47.840><

Keywords: 1183, house

Transcript Highlights:

• So that program did experience... ...of what someone's asset value was.
• And also just, you know, I talked about the digital-only application process.
• Some counties delayed capital improvements and deferred asset purchases.
• Some counties delayed capital improvements and deferred asset purchases.
• , not plug the assets.

Summary: The committee met to receive updates from the Tax Commissioner’s office on property tax relief programs and related compliance work. Commissioner Brian Croshys reviewed the Homestead Property Tax Credit, Disabled Veteran Credit, and Primary Residence Credit, noting that the Homestead program expanded significantly after HB 1158, that some households are “adjusting out” of eligibility as incomes rise, and that the committee may want to consider indexing income thresholds. Members asked for additional data on bracket breakdowns, possible costs of eliminating income limits for seniors, and how many households are zeroed out by the combined programs. Croshys also discussed the simpler administration of the disabled veteran credit, the growth in participation, and the heavy workload and auditing safeguards built into the new primary residence credit system. He said the department found no material compliance findings and that the program is designed to be digital-first, with county auditors and the Tax Commissioner’s office both involved in review and notification. The committee recessed for lunch and later reconvened, with the chair noting that more detailed PRC information would likely be available at a September meeting. Shelly Myers then presented the statewide property tax increase, or “zero growth,” report and the 2025 statistical report. She explained how county auditors report levy and valuation data, how increases and decreases are counted, and which jurisdictions showed the largest percentage changes in countywide, citywide, school district, and park district levies. In the statistical report, she summarized recent trends in assessed values: agricultural values remained relatively flat, while residential, commercial, and centrally assessed property values increased over the past five years. She also reviewed statewide tax levies by property class and clarified that centrally assessed growth figures were annual averages. Members discussed how shifts in land use and annexation can make it appear that tax burdens are moving from ag to residential/commercial property. Myers then summarized the interim study on the 3% levy limitation under HB 1176, saying most counties complied without budget changes, while some used hiring freezes, deferred purchases, or reserve funds; 23% of counties had to reduce levies, and the affected funds were mainly general, road and bridge, and weed control. She said 12 counties reported zero new growth in the data and that 35 counties reported not using all of their cap. The committee also received an oil tax presentation from Croshys on the stripper well extraction tax exemption. He outlined the number of active stripper wells, the production and revenue implications of the exemption, and projections for future biennia under different tax scenarios. He said the exemption represents substantial savings to operators but also corresponds to production tax revenue that would otherwise be collected, and he emphasized that future outcomes depend on oil prices, well counts, and technology such as CO2 enhanced oil recovery. Nathan Anderson of the Department of Mineral Resources briefly answered a question about why Red River wells have a different production threshold than Bakken wells, explaining it was tied to completion costs and lateral length. The committee then heard from Charlie Gorecki of the EERC, who presented an analysis of typical Bakken well decline curves and argued that most oil is produced before a well reaches stripper status, but that keeping wells open and investing in refracturing or other interventions can recover additional production. No votes were taken during this portion of the meeting; the main actions were receiving reports, asking for follow-up data, and scheduling further discussion for a later meeting.

Transcript Highlights:

• It modernizes our laws are intangible assets. Section 3 of the bill adopt a modern approach.
• Recognize the intangible assets like bank accounts have no single physical side of this.
• Put them in a illiquid long-term asset like alone and make these big spreads.
• Although there are currently transactions involving digital assets occurring Florida.
• The laws being applied to such transactions were designed for traditional assets.

Keywords: 999, senate, all

Transcript Highlights:

• Jason Johnson, who you may be familiar with, he is actually now our Chief Digital Officer.
• The expansion of the P25 digital trunk radio system to cover 80% of the state's first responders is huge
• It's probably one of the larger P25 digital systems in the western region to date.
• We have a P25 digital core in Santa Fe and a P25 digital core at New Mexico State University in Las Cruces
• We're currently working with our team, with Jason John, who is now our Chief Digital Officer, to put

Transcript Highlights:

• Over time, this will change and evolve as these larger producers figure out which assets they want to
• You're going to put your investment in your wells on your best assets.
• But yes, moving that to a digital display is certainly on the radar.
• One option would be a digital display where you could show several portraits on just one digital display
• One option would be a digital display where you could show several portraits and just one digital display

Summary: The Budget Section Leadership Division met with a quorum present and approved the March 18 minutes. The committee first heard an update from the Petroleum Council on oil and gas activity, which described North Dakota production as holding steady around 1.1 to 1.2 million barrels per day despite lower prices and market volatility. The presentation emphasized that efficiency gains, longer laterals, and improved completion technology are allowing operators to sustain output while activity shifts north in the Bakken. Members asked about gas taxation, natural gas liquids, flaring, and enhanced oil recovery; the witness said gas is taxed by volume, most liquids are handled through oil lines or gas processing, and the state’s EOR pilot projects and new gas infrastructure are intended to help hold production flat and expand future recovery. The committee then received a presentation from the Tax Department on the federal “big beautiful bill” and its effect on North Dakota income tax collections. The department explained that most of the federal changes were extensions of existing Tax Cuts and Jobs Act provisions, but several items — including the larger standard deduction, senior deduction, tip and overtime exclusions, auto loan interest deduction, and business expensing changes — affect state collections. Revised estimates showed a smaller-than-expected impact on individual income tax, with the department suggesting a net cash effect in the range of roughly $30 million to $35 million when business and individual effects are combined, plus a possible one-time distortion from large oil-field transactions in fiscal year 2025. Members asked which provisions apply to standard versus itemized returns, and the department clarified that most of the individual provisions apply broadly, while the SALT-related item is itemizer-specific. OMB then reported on major capital projects and facility funding. Updates included Capitol grounds improvements such as 18th-floor renovations, wayfinding, augmented reality displays for the Rough Rider Hall of Fame, tree management and lighting studies, and restroom and parking reconfiguration in the tower. OMB also described security upgrades at the governor’s residence, where human remains were discovered on site and are being handled with historical and legal review. The state hospital project in Jamestown remains on schedule for substantial completion in winter 2027 and opening in spring 2028, with costs currently estimated a little over $292 million and a line of credit expected to be drawn in April 2027. The North Central State Office Building in Minot is under construction, with a $5.6 million line of credit already accessed. OMB also reported on the State Facility Maintenance Fund, noting about $1.1 million spent so far on projects such as the Liberty Memorial Building roof and foundation work, Capitol window replacement, boiler replacement, and kitchen remodeling. Finally, Legislative Council staff reviewed the interim compliance report on legislative intent and state trust funds. The report highlighted the status of multiple lines of credit, including those for the state hospital and Minot office building, and noted that the executive budget will likely need to include repayment planning for about $350 million of expected outstanding balances. Other updates included the Bank of North Dakota profit transfer schedule, litigation pool spending, the new Office of Guardianship and Conservatorship, the Missouri River Correctional Center planning effort, HHS items such as FMAP and child care assistance, Job Service’s unemployment insurance modernization project, and DPI school aid turnback estimates. No formal votes were taken beyond approval of the minutes.

Transcript Highlights:

• Print ads are expensive when compared to digital alternatives.
• Now we do it not only in print but also digitally, and we have more digital readers across the state
• All these digital postings that law enforcement does are fantastic.
• It is not a print circulation issue or a digital circulation issue.
• The bill itself allows for both digital and print, does it not? Can you receive a question?

Bills: HB33, HB45, HB48, HB1261, HB1465, HB1778, HB2596, HB5238, SB2969, HB45, HB48

Keywords: HB 48, oilfield theft, organized theft, petroleum products, oil and gas equipment, DPS, Department of Public Safety, Texas, Railroad Commission, criminal justice, energy resources, theft prevention, organized crime, border region, El Paso, law enforcement task force, asset recovery, pipeline theft, drilling equipment, equipment theft

Transcript Highlights:

• As digital assets become more mainstream, users who might be reluctant to enter the market with a dedicated
• provider may be more comfortable entering the market and the financial space, the digital financial
• Hence why this digital financial space with their existing bank or credit union.
• cryptocurrencies and other And Innovation, or DFPI, who want to offer cryptocurrencies and other digital
• assets, essentially opening the door for state banks to offer crypto.

Keywords: 988, house, all

Transcript Highlights:

• <00:36:09.839> negative bad year with double digit negative bad year with double digit negative
• assets in the retirement annuity trust. assets in the retirement annuity trust. as<00:42:27.200>
• bill360,100,000 the value of the assets bill360,100,000 the value of the assets as<00:42:36.480>
• that asset class was not.
• that asset class was not.

Keywords: Meeting Start: 00:00:01 Attendance Roll Call: 00:01:26 Approval of Minutes: 00:02:27 Investment, Cash Flow, and Legislative Update: Bo Cracraft – Judicial Form Retirement System: 00:03:12 Ryan Barrow – Kentucky Public Pensions Authority: 00:21:52 Beau Barnes – Teachers’ Retirement System: 00:34:31 Adjournment: 01:07:25, 958, all

Summary: The meeting opened with the Pledge of Allegiance and prayer, followed by a roll call confirming a quorum and approval of the prior minutes. A special guest, Dave Eager, was welcomed before the committee moved to presentations from retirement system officials. Bo Craycraft, executive director of the Judicial Form Retirement System, gave a quarterly update on investment performance, asset allocation, and cash flow. He said the plans had held up well amid market volatility, with fiscal year-to-date returns above benchmark and long-term returns remaining strong. He explained that the plans are targeted to a 70% equity/30% fixed-income allocation, that some cash is being held for cash-flow management, and that negative cash flow is expected because of funding and contribution levels. He also said Senate Bill 183, dealing with proxy voting and economic analysis for certain votes, was not expected to materially affect the plans because of their small number of holdings and Bear Trust’s long-term investment approach. Ryan Barrow and Erin Surrod then presented for the Kentucky Pension Authority. They reported positive quarterly performance across the retirement and insurance funds, though results varied by period and remained tied to broader market conditions. They said recent asset-allocation changes had been completed and the funds were now within target ranges. On cash flow, they noted some plans remained negative or near zero, with one plan benefiting from a large appropriation. In the legislative update, they described House Bill 30 as codifying an exclusion from pension-spiking calculations for across-the-board raises, and Senate Bill 10 as increasing retiree health insurance subsidies and changing employee health insurance contribution rules for certain CERS members beginning in 2026. They also said Senate Bill 183 would likely have limited impact, though the agency would review voting policies and incorporate any required economic-analysis procedures.

Transcript Highlights:

• Eligible assets they can use for this program are most commonly farm land, but they can also use it for
• landlords and sellers who we call asset landlords and sellers who we call asset owners<00:03:23.280
• And so, uh, our costs continue to increase for the assets that are necessary to farm.
• the assets that are necessary to farm. the assets that are necessary to farm.
• , information, especially if it's digital, information, especially if it's digital, so<00:49:32.240

Keywords: 1187, senate, all