Transcript Highlights:

• ...into digital assets and precious metals.
• They understand assets.
• , precious metal and digital assets, precious metal and digital assets, investment<01:54:48.920><
• They<01:55:34.800> understand<01:55:35.360> assets.
• They understand They understand assets.

Keywords: 1191, senate, all

Transcript Highlights:

• Over time, concerns arose regarding management of my mother's assets.
• And for a woman who entered the legal system seeking protection of her assets, being required to set
• They fear that the assets and resources he spent... relationships and quality of life have been taken
• My revocable trust allowed me to spend assets as I wish, even though Charlotte was incapacitated.
• They say I didn't have the right to take assets out of the trust.

Summary: The Senate Ad Hoc Committee on Elder Abuse opened by explaining it was gathering testimony on elder abuse, especially alleged misconduct involving court-appointed systems such as guardians ad litem and fiduciaries, to identify gaps in law and oversight and develop legislative fixes. The chair limited each witness’s time, asked for names and contact information for follow-up, and repeatedly noted that some allegations might warrant referral to law enforcement, the attorney general, or county attorneys if basic criminal elements were present. Several witnesses described alleged abuse in guardianship, conservatorship, and fiduciary cases. Dr. Holly Lauder said her mother, who had Alzheimer’s disease, was subjected to allegedly deficient psychological capacity evaluations that ignored treating doctors and family input, leading to a fiduciary arrangement that later resulted in neglect. Kevin Axson described his mother’s probate case, saying a guardian ad litem and conservator were appointed after a family financial dispute, that the guardian ad litem and fiduciary had little contact with his mother, and that the estate was burdened with substantial fees and a $200,000 bond requirement. Frieda Alvarado testified about a 94-year-old client, Samuel Armento, saying he was isolated, medicated without his request, and treated without dignity after a fiduciary and care team took control. Bill Chalmers, Johnny Hamilton, and Kathy Hamilton also testified about Sam Armento’s case, alleging isolation, excessive fees, conflicts of interest, and poor oversight by fiduciaries and caregivers. Other witnesses raised broader concerns about Arizona probate practices. David Redkey said he has been under a long-running conservatorship despite earning degrees and maintaining capacity, and alleged that court-appointed professionals and fiduciaries overcharged his estate and blocked efforts to terminate the arrangement. Susan Wolfe described the Peyton case, alleging that a wife’s conservatorship and related court actions led to the loss of assets, exclusion of witnesses, and large fees for a relatively small monthly care bill. Dr. Lewis Heller, an OB-GYN and disciplinary committee member, said the medical evaluations he reviewed showed the people involved were competent and that the conduct he observed was unethical and possibly criminal. Renee Self testified that she lost her role as trustee and spent large sums defending her father’s estate, alleging that the probate process stripped her father of assets and limited her access to him despite APS findings that her actions were in his best interests. No formal committee votes or legislative actions were taken in the excerpt, but members repeatedly expressed concern, asked for documents and transcripts, and indicated they would follow up with witnesses and consider stakeholder meetings to craft legislation addressing oversight, transparency, and accountability in guardianship and fiduciary systems.

Transcript Highlights:

• Asset protection and water loss mitigation are priorities for SALS.
• Most of which had nothing to do with Saul's assets.
• assets in the area, and then San Antonio River Authority has sewer assets.
• Of if obviously if the asset was marked appropriately, if the contractor.
• It might be Joe, who's been there for 60 years and all of their assets are in his head.

Bills: HB206, HB 1285, HB1335, HJR107, HB206

Keywords: pipeline, construction, cash bond, county authority, local government, HB 1285, Railroad Commission of Texas, RRC, drones, unmanned aircraft, UAS, drone inspections, oil and gas, pipeline inspection, surface mining, well sites, tank batteries, disposal wells, injection sites, natural resources

Transcript Highlights:

• As the campus continues to age and asset As the campus continues to age and asset preservation<00
• <00:20:36.880> preservation, to 30 million for asset preservation, to 30 million for asset
• At the essentially a statewide asset.
• I really don't like to see a sales tax because this is a state asset.
• I really don't like to see a sales tax because this is a state asset.

Transcript Highlights:

• Our first priority is asset preservation.
• So, this slide shows examples of projects in our asset preservation request.
• backlog of our highest priority asset backlog of our highest priority asset preservation<00:35:29.280
• Um, our next request is historic sites asset preservation.
• our next request is historic sites asset our next request is historic sites asset preservation.<

Keywords: 1183, house

Summary: The committee first approved the March 5 minutes, then heard a presentation from Balig Engineering on cost drivers for drinking water and wastewater infrastructure in small Minnesota communities. The testifier said most Minnesota communities are small, and that limited local staff, complex funding requirements, and the need to combine multiple funding sources make projects expensive and labor-intensive. He cited examples of aging infrastructure, including a Tracy street collapse and failing water mains, and said federal funding can help but often requires extensive reports that can cost tens of thousands of dollars and hundreds of staff hours. He also pointed to inflation, supply-chain disruptions, colder climate requirements, higher material and labor costs, limited competition among contractors and suppliers, and newer treatment requirements such as PFAS removal and cybersecurity controls as major cost drivers. Members asked whether reduced bonding or less frequent state funding would lower prices, whether annual bonding bills provide market certainty, how regionalization could be encouraged, and whether tightening specifications adds costs. The testifier said stopping work would likely drive contractors out of the market and reduce competition, which could raise prices later, and that consistent funding helps keep contractors in Minnesota. He said regional water systems such as Red Rock Rural Water and Lincoln Pipestone Rural Water are already helping lower costs and that legislators could encourage more regionalization through incentives. He also said some specifications and federal requirements, especially around treatment plant controls and cybersecurity, increase costs, though some standards like deeper water-main burial are necessary. The committee then moved on to the Minnesota Department of Veterans Affairs, where John Kelly began presenting the governor’s 2026 capital budget recommendations and described the department’s mission, statewide network of veterans homes and cemeteries, and service to nearly 300,000 veterans and dependents.

Transcript Highlights:

• There's also an asset management plan that will be required.
• There's also<00:14:46.160> an<00:14:46.399> asset<00:14:46.800> management<00:14
• that will also an asset management plan that will be<00:14:48.320> required.
• of the association to see the the assets of the association to see if<00:14:58.079> you're<00
• City retains ownership of the system assets under the lease structure and can financial share and no

Keywords: Energy - Room 210, 2 February, 2026; 4:15 PM, 925, all

Summary: The committee took up several energy, utility, and infrastructure bills. Bill 2527 on solar decommissioning was presented as a landowner consumer-protection measure that would set statewide baseline requirements for solar lease agreements, preserve some freedom of contract, preempt duplicative local rules, and protect landowners from reclamation costs; after no questions, it was moved and passed. The committee also discussed changes to the Gulf Coast Regional Utility Act in HB 2058 and HB 2309, including new first-right-of-refusal language, prohibitions on unauthorized service, civil penalties and enforcement tools, and legislative intent language aimed at preventing duplication and protecting public investment; both were adopted as committee substitutes and passed. HB 2018 was amended to extend similar oversight to water systems, and it was reported after questions about the scope of the change. Several bills focused on water and wastewater oversight. SB 2311 and SB 2312 would create statewide A-to-F grading systems for drinking water and wastewater systems, require annual public reporting, and direct the health and environmental agencies to adopt objective scoring rules; both were passed. SB 2526 would create a Mississippi Rural Water Oversight Committee, require rate studies, capacity studies, and asset management plans for water associations, and provide staffing and funding support from existing revolving-fund resources; it was adopted as a committee substitute and reported, with supporters saying it would help identify and assist troubled associations. The committee also heard a bill creating the Metro Jackson Water Authority, allowing a lease of city system assets, special revenue bonds to refinance legacy debt, and supplemental revenue sources such as sanitation fees and possibly sales tax revenues; the sponsor said no general fund money would be used, and the bill was reported. The committee also advanced HB 2641, which was stripped down to a study committee on wind turbine facilities, grandfathered existing projects, and imposed a moratorium on new construction until the study is completed; members asked about existing projects and were told current projects under construction would not be penalized, and the committee substitute passed. SB 2783 would make targeted definition changes to BEAD-related broadband grant programs so remaining federal funds could support other state initiatives, including AI workforce training, and it was reported after questions about future federal guidance. Finally, HB 2787 would add propane to the school gas-leak testing statute; the sponsor said the inspections would not require additional state funding because propane dealers and the State Fire Marshal’s office already handle the checks, and the bill passed.

Transcript Highlights:

• <00:57:14.640> asset have some conversation about that. asset have some conversation about
• Have they raised in asset stripping?
• of business that would strip an asset of business that would strip an asset from<01:33:48.320>
• Asset stripping can take a number of forms. My notes... Asset stripping can take a number of forms.
• asset of the the property. asset of the the property.

Keywords: 1187, senate, all

Transcript Highlights:

• Chair and members, a homestead is excluded from the asset limit.
• Chair and members, a homestead is excluded from the asset limit.
• Chair and members, a homestead is excluded from the asset limit.
• their savings and build financial assets.
• their savings and build financial assets.

Keywords: 1183, house

Summary: The committee met for an introductory overview of its jurisdiction and budget, with the chair emphasizing the committee’s role over a large portfolio of children, youth, and family programs and the new Department of Children, Youth, and Families (DCYF). House Research and House Fiscal staff explained their roles and described the 2023-24 reorganization that transferred many programs from DHS, DPS, MDH, and MDE to DCYF, along with a statute recodification and a crosswalk resource for members. Doug Berg then walked through the committee’s budget structure, explaining the difference between all-funds and general fund views, the major funding sources, and how forecasted programs and grant bases roll forward. He highlighted that the committee’s general fund base is a little over $2.1 billion for the biennium, with large federal components such as SNAP and TANF, and noted smaller accounts including child protection-related opioid funds and federal reimbursement offsets (FFP) for administrative costs. Members asked several questions about federal financial participation, TANF, and the effect of the repeal of the Diversionary Work Program (DWP). Staff explained that FFP generally applies to administrative costs for federally related programs and usually does not change much unless program activity changes, while TANF is a block grant that has been stable for years. On DWP, staff said the program was sunsetted effective March 1, 2026, and that the associated funding and administrative costs were being reworked rather than simply removed. A member also asked about federal funding fluctuations; staff said no changes were currently factored in, though SNAP or other federal policy changes could alter future numbers. Danielle Penelli then presented on economic assistance and employment supports transferred to DCYF, focusing first on MFIP, Minnesota’s state-supervised, county-administered welfare program jointly funded by state and federal dollars. She explained that MFIP provides cash and food assistance, employment and training services, and related supports, with a 60-month time limit and certain exemptions for illness, incapacity, or other barriers to employment. She also described the program’s income and asset standards, including a $10,000 asset limit with exclusions for homesteads and one vehicle per assistance unit member age 16 or older. Members asked clarifying questions about how the time limit applies and what assets count, and staff responded that the limit applies to the caregiver and does not restart with additional children. Penelli also introduced support services grants, which fund employment services for MFIP, DWP, and SNAP participants through workforce centers, counties, tribes, and community agencies, and help cover some county and tribal administrative costs. She began outlining nutrition programs under DCYF, including SNAP, the Minnesota Food Assistance Program, the Minnesota Food Shelf Program, the Emergency Food Assistance Program, and the American Indian Food Sovereignty Program. No formal votes or bill actions were taken during this meeting; it was primarily an informational staff briefing and question-and-answer session.

Transcript Highlights:

• DCFA modernizes the state’s wage-garnishment laws, which are intended to protect limited financial assets
• an uneven playing field more tilted by allowing credit unions to purchase, merge, or acquire the assets
• example, State Street is one of the world's largest custodians of securities and other financial assets
• assets, a rapidly growing part of the financial services market.
• That's why the state needs to recognize that it already has these assets.

Keywords: 995, all

Summary: The Committee on Financial Services heard testimony on several bills focused on consumer debt, mortgage regulation, credit unions, and foreclosure prevention. The Attorney General’s Office strongly supported the Debt Collection Fairness Act (S. 735/H. 1275), saying it would curb abusive debt collection, prevent stale claims, limit civil arrest warrants, modernize wage garnishment rules, and reduce judgment interest rates. Senator Eldridge and legal aid advocates echoed that support, while the Massachusetts Bankers Association and the Massachusetts Mortgage Bankers Association supported bills on credit union mission/competition, consumer privacy in mortgage applications, subprime loan definitions, UCC updates, and protections for vulnerable adults, but opposed foreclosure mediation proposals and several credit union expansion measures, arguing they would distort competition and add unnecessary burdens. A large portion of the hearing focused on foreclosure prevention bills (S. 765/H. 1090), with testimony from homeowners, housing organizers, and legal advocates describing predatory lending, confusing servicing practices, health harms, and displacement caused by foreclosure. Supporters said a statewide pre-foreclosure mediation program would give borrowers and lenders a chance to reach alternatives such as loan modifications or repayment plans, and cited local experience in Lynn where mediation reportedly produced high rates of foreclosure alternatives. Opponents from the banking industry argued Massachusetts already has strong foreclosure protections and that a new mandatory process could delay resolution without added benefit, though they also noted a 2024 pilot should be evaluated first. The committee also heard strong support for H. 1282/S. 684, which would update the Massachusetts Uniform Commercial Code. State Street and a bankruptcy attorney said the changes are needed to keep commercial law current with electronic transactions, tokenized assets, and blockchain technology, and to maintain competitiveness with other states. The hearing concluded after public testimony, with no bill votes taken during the session; the chair thanked speakers and the committee voted to adjourn.

Transcript Highlights:

• The team had command presence, getting assets on the water and in the air via drone and helicopter for
• Over 475 assets were employed during those responses. 33 life saving evacuations happened that morning
• Uh, you know, you've mentioned the cooperation between state assets.
• Now, luckily we've turned most of those assets into day use only, so not having RVs or campsites down
• Did we have, I was looking at the, the map of all of our assets on the historical side.

Transcript Highlights:

• aligned with the state and DVR to ensure that those with disability have a chance to make a great asset
• <00:13:48.440> uh<00:13:48.600> to<00:13:48.840> our uh to make a great asset
• to this Board of great asset to this Board of Certification<00:15:30.760> Board.
• But also looking forward to great and wonderful things that I can be an asset and a contributor to the
• and a contributor to the be an asset and a contributor to the council. council. council.

Keywords: 912, senate, all

Summary: The Health and Human Services committee heard and considered several gubernatorial nominations to advisory boards and councils. Early in the meeting, members heard testimony in support of Miriam Chang for the Health Planning Council Windward O‘ahu subarea, with supporters highlighting her long medical practice on the Windward side, work at Ko‘olau Health Center, and community involvement. Chang said she wanted to help improve health, especially in rural areas. The committee also heard support for Terrilyn Luke’s nomination to the Center for Nursing Advisory Board; the Center for Nursing director and nursing organizations backed her, and Luke said she would bring a front-line nursing perspective, focus on workforce conditions, retention, and collaboration, and help address tensions between the Center and nursing labor groups. The committee then heard support for Valerie Rose’s nomination to the Language Access Advisory Council; Rose briefly noted her prior work in the Chronic Disease Branch and Bilingual Health Aide Section. The committee also took up nominations in a later agenda segment. James Montgomery was heard for the State Rehabilitation Council and described his interest in serving based on a family experience with disability and his work in talent management, saying he wanted to help people with disabilities gain opportunities. Kevin Nakamura was heard for the Board of Certification of Operating Personnel in Wastewater Treatment Plants and said his 30-plus years of wastewater experience would help ensure operators are properly trained and certified to protect resources and the environment. Pina Lemusu was heard for the State Council on Developmental Disabilities; she said her long career with the Division of Vocational Rehabilitation and personal experience with disability would help her contribute to the council. Additional testimony in support came from the State DD Council and Voc Rehab representatives. The committee voted to recommend advise and consent on the nominations it considered, including Miriam Chang, Terrilyn Luke, Valerie Rose, James Montgomery, Kevin Nakamura, and Pina Lemusu. Most recommendations were adopted without objection, though Senator Dela Cruz voted no on some of the later nominations. The meeting also briefly noted another nomination, Olivia Kim, which was recalled and advanced with an advise-and-consent recommendation before adjournment.

Transcript Highlights:

• earning less than $50,000 annually as an individual or $60,000 as a married couple, and that have assets
• live in their home, meet durational residency requirements in Massachusetts, and satisfy income and asset
• have to have certain durational residency in Massachusetts, and they have to meet certain income and asset
• The last point we'd like to highlight is the need to rethink the way assets are counted.
• Currently, our retirement accounts are considered an asset, and once disbursed, they're also treated

Keywords: 995, all

Summary: The Joint Committee on Revenue held a hearing on bills related to senior and disability property tax relief, with a focus on helping older adults and people with disabilities remain in their homes. Testimony supported H. 3968, which would make certain senior and disability property tax exemptions permanent so eligible residents would not have to refile annually, and H. 3198, which would expand the senior circuit breaker tax credit by indexing income and credit limits to cost of living and raising the home valuation cap from $1.1 million to $1.5 million. Representative Scanlan also testified in favor of several additional bills, including a local option motor vehicle excise tax exemption for low-income seniors and veterans, a local property tax cap for low-income seniors, an expanded senior property tax exemption, and a senior property tax deferral program designed to be revenue neutral over time. Witnesses from the City of Boston, the Massachusetts Municipal Association, and the Massachusetts Association of Assessing Officers generally supported local-option property tax relief measures and said they would help seniors age in place while giving municipalities flexibility. Committee members raised concerns about possible abuse or fraud if exemptions became permanent, and about how assessors would verify continued eligibility without annual reapplication. Supporters responded that eligibility could still be tied to real estate transactions and other documentation, and that the current annual filing requirement causes many eligible seniors to miss out on benefits. Mass Senior Action Council members testified that many seniors are struggling with rising property taxes, insurance, and other costs, and urged broader reforms such as freezing assessed values, improving outreach, strengthening the work-off program, and allowing more flexible payment or deferral options. No votes were taken; the hearing concluded after testimony and questions.

Transcript Highlights:

• custody of unclaimed digital assets presumed abandoned, provide for custody, maintenance of digital
• assets by the holder, sale, and liquidation of assets.
• digital assets by the holder, sale, and liquidation of assets.
• digital assets by the holder, sale, and liquidation of assets.
• digital assets by the holder, sale, and liquidation of assets.

Bills: HR252, HR253, HR254, HR255, HR256, HCR103, HCR104, HR244, HR245, HR246, HR247, HR248, HR249, HR250, HR251, HCR101, HCR102, SCR40, SCR60, SB112, SB131, SB145, SB194, SB268, SB307, SB312, SB319, SB333, SB341, SB346, SB464, SB466, SB488, SB495, SB503, SB507, SB509, HR9, HR196, HCR27, HCR28, HCR50, HCR62, HCR67, HCR71, HCR78, HCR81, SCR20, HB123, HB251, HB625, HB662, HB709, HB769, HB775, HB783, HB895, HB1011, HB1057, HB1155, HB1186, HB1224, HB1245, HB1247, HB1253, HB1254, HB1255, HB1256, SB8, SB10, SB11, SB12, SB13, SB14, SB16, SB17, SB18, SB20, SB21, SB22, SB40, SB48, SB55, SB69, SB75, SB77, SB78, SB85, SB102, SB115, SB133, SB140, SB148, SB151, SB165, SB169, SB170, SB185, SB197, SB200, SB217, SB235, SB278, SB280, SB291, SB300, SB303, SB315, SB324, SB330, SB411, SB416, SB420, SB436, SB438, SB449, SB455, SB456, SB477, SB489, SB521, SB97, SB105, HR171, HCR49, HCR65, HCR72, HR37, HCR64, HR170, HR191, HR206, HR207, HR208, HR217, HCR11, HCR53, HCR60, HCR66, HCR68, SCR19, SCR3, SCR6, SCR18, SCR11, SCR22, SCR2, HCR6, HB64, HB68, HB92, HB130, HB258, HB633, HB801, HB61, HB98, HB102, HB139, HB142, HB170, HB185, HB194, HB199, HB231, HB247, HB294, HB336, HB474, HB661, HB842, HB852, HB66, HB153, HB165, HB326, HB387, HB455, HB513, HB603, HB660, HB719, HB762, HB766, HB802, HB816, HB833, HB940, HB950, HB975, HB1028, HB1039, HB1051, HB1053, HB1080, HB1201, HB1215, HB1228, HB1251, HB1252, SB1, SB23, SB32, SB42, SB43, SB46, SB51, SB110, SB113, SB150, SB154, SB161, SB218, SB220, SB221, SB253, SB289, SB310, SB351, SB399, SB404, SB502, SB26, SB28, SB29, SB30, SB41, SB44, SB64, SB84, SB87, SB93, SB98, SB107, SB118, SB142, SB192, SB195, SB199, SB219, SB222, SB234, SB241, SB255, SB275, SB277, SB292, SB294, SB306, SB314, SB482, HCR32, HB798, HB998, HB1084, HB1223, HB59, HB955, HB1191, HB1234, HB646, HB824, HB341, SB397, SB442, HB901, HB79, HR20, HR74, HB284, HB306, HB366, HB393, HB458, HB577, HB582, HB605, HB614, HB682, HB733, HB752, HB773, HB911, HB926, HB996, HB1035, HB1069, HB1113, HB1140, HB1180, HB1240, SB47, SB82, SB89, SB149, SB382

Keywords: consumer protection, credit card fees, cash transactions, rounding practices, transparency, low-income, economic impact, residential construction, building codes, inspection practices, housing costs, task force, HR254, House Resolution 254, Ty Hebert, Acadiana Legislative Delegation, Louisiana State University, LSU, graduation, commendation

Transcript Highlights:

• at $184 million in assets.
• RBC Global Asset Management has an impact investing division.
• RBC Global Asset Management, I've talked about them.
• Then our total assets. Which are $184 million. I'm on row 27 now. Total assets are $184 million.
• We think total assets can grow to $358 million.

Transcript Highlights:

• That was based on asset size, I believe. Asset size. Okay. Oh, yeah. Definitely not performance.
• of your of your asset. of your of your asset.
• >> That was based on asset size, I believe. >> Asset<00:15:06.320> size.
• <00:15:07.760> Um >> Asset size. Okay. Um >> Asset size. Okay.
• > is done based on an asset liability is done based on an asset liability study<00:37:23.440> every

Keywords: Finance - Room 216, 20 January, 2026; 10:30 AM, 925, all

Summary: The committee heard an update from PERS Executive Director Higgins, who reported that the system has about $38 billion in assets, earned roughly 11.7% last fiscal year, and is about 57% funded. He thanked lawmakers for a newly passed $1 billion funding bill and emphasized that funding the existing system remains the top priority. Higgins also noted that the board’s actuarially recommended contribution is about 26% of payroll, while the system is currently receiving about 18.4%, and said PERS will return later in session with a few requested bills. Higgins addressed several policy topics under discussion this session, including return-to-work rules, first responders, and Tier 5. He said return-to-work changes are possible if the law is changed and funding implications are addressed. For first responders, he said any special treatment should be done within PERS rather than by creating a separate system, with the affected group and parameters clearly defined and fully funded. He also said the new Tier 5 hybrid plan is being implemented on track for March 1 and is projected to improve the system’s long-term financial position by reducing future liabilities and helping pay down the unfunded liability. Members then questioned Higgins about the system’s funding policy, the 30-year closed amortization period used in the ADC calculation, and whether that approach should be revisited in light of recent funding actions and changes in assumptions. Higgins said the board reviews the policy annually, that the closed amortization approach was chosen to better pay down the unfunded liability, and that the annual valuation and experience studies already incorporate recent funding changes, Tier 5, and the phased employer-rate increases. He acknowledged that a significant new infusion of funding could justify reviewing the amortization period, but cautioned against changing it too often because it could undermine progress toward paying down the unfunded liability.

Transcript Highlights:

• For simplicity, I will compare this 5.6 gigawatts and all of the generating assets, transmission wires
• The new assets that have to come on to respond to this exponential growth, we wanted to make sure we
• versus... ...phrasing for that in the regulatory environment, like CITUS assigned use assets versus
• system shared assets.
• anymore, those assets become available to Utah customers and Wyoming customers who... ...those assets

Keywords: 985, all

Transcript Highlights:

• And the third finding, while performing an observation of assets from a current capital asset listing
• During our review of asset acquisitions, deletions, and observations, we also noted the following: two
• One item that was still on hand was removed from the agency's fixed asset listing in error, and one item
• It had been transferred previously to M&R; it just had not been updated in our fixed asset listing.
• It just had not been updated in our fixed asset listing.

Summary: The committee first approved prior meeting minutes by motion and voice vote. It then took up audit reports, with several reports without findings filed without objection. The main discussion centered on the FY24 Department of Human Services audit, which contained three findings: alleged fraud involving disaster SNAP and Medicaid benefits, a delayed notification of a nearly $610,000 altered state warrant, and asset-control issues including missing or misidentified equipment and improper sales tax paid on vehicle purchases. DHS representatives said some fraud cases had been resolved with restitution, others were pending or dismissed, and they described corrective steps such as updating internal notification procedures and asset controls. Committee members questioned the missing assets, the notification delay, and the sales tax issue, and the report was deferred to the next meeting so DHS could return with written policy changes. The committee also reviewed the FY24 Department of Parks, Heritage and Tourism audit, which had two findings: loss of nearly $3,500 in museum receipts and cash-control exceptions involving $100 missing from a park camping drawer and an $80 overage at War Memorial Stadium. Agency officials said the museum loss was believed to be theft, that controls had since been strengthened with a point-of-sale and reservation system, and that the stadium issue reflected the unique mix of cash and bank balances used for events. Members asked about the investigation, reimbursement through the bond board, and whether the employee’s final paycheck could be withheld. The chair later relayed that the prosecutor’s office said the Parks and Tourism investigation remained open and that additional information had been requested from the agency, so the report was also deferred to the next meeting.

Transcript Highlights:

• So when you think about assets, it's very easy, and we commonly talk about low cost, but I think you
• So these are key assets for us.
• Do we have a strategic asset map by chance?
• We also rely on our local partners to supply us information on those assets.
• I think we do have the basic asset map.

Summary: The LEAD Committee met with the Department of Commerce to review a high-level strategic plan for Oklahoma economic development. Commerce Director Bud presented a plan centered on the state’s competitive advantages: central location and logistics, low cost of doing business, energy availability, labor force, tax environment, and partnerships with tribes, local communities, universities, and workforce organizations. He said the agency must focus on industries where Oklahoma has a “right to win,” identifying aerospace and defense, energy, agribusiness, manufacturing, and cybersecurity as priority sectors, with other sectors such as transportation logistics, automotive, finance/shared services, federal offices, bioscience, and broader IT treated as secondary or longer-term opportunities. Members asked about workforce, entrepreneurship, infrastructure, incentives, research and development, housing, and how Commerce should stay focused on its core mission. Commerce said CareerTech remains a major asset, but the state needs better coordination among agencies, universities, and workforce partners. Officials also said entrepreneurship should be encouraged within target industries, infrastructure readiness should be mapped and aligned to industry needs, and incentives should be evaluated against total cost of operations rather than compared only on percentage terms. They noted that the Incentive Evaluation Commission is comparing Oklahoma’s incentives with other states and that closing deals begins early, with the right people and partners involved from the start. The discussion also emphasized the need for stronger statewide marketing, better use of regional development staff, more robust research/data capabilities, and a stronger international strategy. Legislators raised concerns about Commerce being tasked with programs outside its core mission, and Commerce said it must administer those programs unless the Legislature changes the law, though it would like to streamline and reallocate resources where possible. The meeting ended with broad support for the strategic direction, appreciation for Commerce’s work on recent projects, and adjournment without any formal vote or action taken.

Transcript Highlights:

• proportionally um based off of assets proportionally um based off of assets under<01:03:56.960><
• For the non-general fund assets, the SBI invoices an administrative fee back based on the assets under
• non-general fund assets, and having a fixed appropriation for the general fund assets, it becomes very
• I'm happy to take any questions. general fund assets, it becomes very general fund assets, it becomes
• non-general fund assets. non-general fund assets.

Keywords: 918, senate, all

Summary: The committee first approved the April 14, 2026 meeting minutes without objection. It then took up Senate File 4860 / House File 4812, the St. Paul Teachers Retirement Fund Association bill, which would reduce the employee contribution rate for coordinated members from 9% to 8% starting after June 30, 2026, raise the retiree COLA from 1% to 1.5% beginning January 1, 2027, and increase the state-funded employer contribution by 2.7%. Staff said the bill’s cost is just over $12 million per year over 15 years. Representative Lilly said the bill was intended to bring parity to St. Paul teachers after prior work in this area left some behind. Several St. Paul teachers testified in support, describing financial strain, burnout, and the difficulty of balancing teaching with family responsibilities. Hannah Geimer said the 1% contribution change would make a meaningful difference in her budget as a single parent. Eric Erickson said he and his wife have spent decades working extra hours and coaching, and argued that St. Paul educators pay more and receive less in retirement than other teachers. Arzoo Faroozan Yazdani, a Central High teacher, said the higher contribution rate and lower COLA make it hard to stay in the district and raise a family. Lisa Hodek said teachers are undercompensated for the demands of the job and that the pension disparity has created frustration and a sense of betrayal. Phil Tensic, the SPTRFA director, summarized the request as seeking an 8% contribution and 1.5% COLA to match TRA, and noted that the plan’s members are spread across legislative districts, not just in St. Paul. Members discussed the history behind the pension disparity. Senator Nelson questioned whether “parity” was the right term given the plan’s funding problems and the legacy of the “big red box,” referring to past underfunding. Tensic and Senator Pappas explained that the state had previously allowed St. Paul schools not to contribute for a period of years, that supplemental district and state aid began in 2018, and that the plan is projected to be amortized by 2039 and must be paid off by 2048. Members also noted that the bill and related pension proposals depend on available funding; Representative O’Driscoll and others said no final financing agreement had been reached, though leadership was continuing discussions. The committee received letters of support from Education Minnesota, the St. Paul Federation of Educators, and 40 individual supporters. No final vote on the bill was taken in the portion of the meeting provided.

Transcript Highlights:

• ... ...to the information and technology assets and cyber threats.
• These are assets that are very vital to our work.
• This funding will allow us to provide greater security to these assets.
• We do have some fisheries and wildlife assets that are included in there as well.
• Protect our state assets that we have and also ensure our operational continuity.

Keywords: 928, house, all

Summary: The hearing reconvened with testimony from several agencies on their capital budget requests. The Department of Environmental Services requested a little over $38 million, with major emphasis on dam repairs and design work for aging state-owned dams, including a $5.25 million match for possible FEMA BRIC funding at Pawtuckaway/Tuckaway and other projects such as Milton Three Ponds, Murphy Dam, and Lakeport Gates. DES also requested funding for state revolving loan fund matches, a Superfund match for the Savage Well site, IT and air-monitoring upgrades, and a new $750,000 cybersecurity request for water and wastewater systems. Committee members asked about FEMA eligibility, the distinction between design and construction money, and the timing and risk of banking funds if federal grants do not materialize. The University System of New Hampshire requested $20 million in state support, primarily $15 million for a major Diamond Library renovation at UNH to create a student support hub and reduce/repurpose collection space, plus $2.5 million each for deferred maintenance at Plymouth State and Keene State. The Community College System requested about $16.6 million across seven projects, led by critical maintenance, campus safety/security upgrades, IT infrastructure, parking and site improvements, HVAC replacement at White Mountains Community College in Littleton, a building management/energy system, and modernization of NHTI’s dental clinic and radiology spaces. The Department of Education requested $29.5 million, including a $4.9 million internal management platform to replace paper-based and siloed systems, plus career and technical education capital projects; Milford’s CTE project was described as being revised after repeated failed bond votes, while ConVal said its revised project would focus on modernizing existing CTE space and adding a security vestibule. Fish and Game requested $1.075 million for three facilities: Sewall Falls in Concord, the Lancaster Armory, and the Bunker Lane Barn in Durham, focusing on structural repairs, security, reconfiguration, and in one case replacement of a failing barn with a new 40-by-60 building. The department also said hatchery work is ongoing but that it is taking a cautious approach because of the planned New Hampton Hatchery and future capital needs. The Department of Natural and Cultural Resources requested $9.26 million for eight projects, including campground electrical upgrades at Ellacoya and Lake Francis, White Lake water system replacement, Mount Washington fuel tank and safety work, Odiorne Point visitor center work funded through parks revenue, roofing and parking lot repairs, Fox Forest office safety upgrades, and historic site repairs at White Island and Fort Constitution. Members asked about revenue-based capital, the stability of the parks fund, and flexibility in choosing projects as bids come in. The Department of Transportation began its presentation at the end of the transcript, but its detailed requests were not yet discussed.