Transcript Highlights:

• Thank you so much for this opportunity. have low rates for our uh our low have low rates for our uh our
• </c> up insurance rates up insurance rates so<00:38:19.400><c> not</c><00:38:19.680><c> doing</c><00:
• </c> in the individual Market the 2017 rate in the individual Market the 2017 rate increases<00:47:31.920
• </c> commissioner noted that the rate commissioner noted that the rate increases<00:48:11.319><c> were
• </c><01:19:19.920><c> are</c> that Medicare reimbursement rates are that Medicare reimbursement rates

Bills: HF837

Committee: House Commerce Finance and Policy

Transcript Highlights:

• Aggressive action when infection rates are low helps slow the spread of CWD.
• My first question is: What is the persistence rate in Grundy County for CWD?
• You mentioned Wisconsin, and you mentioned their decrease in rates.
• In fact, they were having increases with 40% rates, which technically, if you have a 40% rate, you know
• So what's the current Wisconsin rate?

Committee: House Agriculture, Food Production and Outdoor Resources

Summary: The House Committee on Agriculture met with a quorum and first took up House Bill 1885, Representative VanSkoik’s bill. The committee moved the bill “do pass” and approved it by roll call vote, 22-0. After that action, the committee held a special presentation by the Grundy County R-5 FFA agriculture issues team. The FFA students presented a skit and discussion on chronic wasting disease (CWD) and the Missouri Department of Conservation’s targeted removal practices. Their presentation laid out competing concerns from farmers, deer hunters, families using venison, and conservation officials, including crop damage, hunting economics, deer population health, food safety, and the spread of CWD. Committee members asked questions about CWD prevalence in Grundy County, the Wisconsin and Kansas experiences, human health risks, Share the Harvest, testing practices, and the economic effects of deer hunting versus deer damage and collisions. Members praised the students’ preparation and presentation, and several offered suggestions about strengthening their factual support and economic data for competition. The committee also discussed the controversy around MDC’s CWD policies and the decision to pause targeted removals while more research is done. The meeting ended with thanks to the students and adjournment of the committee.

Transcript Highlights:

• </c> and residential, $350 million to rate and residential, $350 million to rate payers.<00:42:55.960
• </c> rate discrimination. rate discrimination.
• </c> again a $40 check to a rate payers. again a $40 check to a rate payers.
• </c> bill rates for for electric payers. bill rates for for electric payers.
• </c> to then rate base these charges. to then rate base these charges. Okay?

Transcript Highlights:

• and parole rate and the recidivism<00:50:19.599><c> rate?
• </c><00:51:02.880><c> Uh</c> parole rate and recidivism uh rate.
• Uh parole rate and recidivism uh rate.
• </c> establishment rate is 98.75%. establishment rate is 98.75%.
• </c> is air rate. is air rate.

Transcript Highlights:

• And we have the highest per capita enrollment rate.
• That is language related to the small group health insurance rate manuals and rating methodologies that
• manuals and rating... ...now been repealed, as well as rating manuals and rating methodology that are
• Page 103 increased the flexibility of rating the enhanced short-term plans.
• how rates are to be loaded between the youngest to the oldest in the ACA program.

Committee: Senate Commerce and Human Resources

Transcript Highlights:

• They also have to pay the highest marginal income tax rate in New Mexico.
• They don't get the benefit of the marginal tiered rates.
• outside of the neighboring county rate, so that was to be expected.
• I wouldn't say that it was in response to the state reducing its rate, but the state rate is actually
• That comes back to them in terms of provider reimbursement rates of more like $1.2 billion.

Committee: House Federal Funding Stabilization Subcommittee

Transcript Highlights:

• But we can guess rate increases, all kinds of issues.
• We are going to allow the insurance when they come in with their rates to increase rates if they can
• And again, the rates would be charged for each year.
• They would have no impact on rates for folks... ...represented, they would have no impact on rates for
• You can only do that through rate increases, so no matter what we do here, there's going to be a rate

Bills: SB154 , SB187 , SB193 , SM3

Committee: Senate Senate Conservation

Keywords: insurance, wildfire, flood damage, natural disasters, property coverage, water projects, appropriation, New Mexico, finance authority, infrastructure, New Mexico Finance Authority, funding, SB193, acequia, community ditch, irrigation works construction fund, water infrastructure, ditch infrastructure, irrigation, New Mexico water law

Transcript Highlights:

• That's the second-highest return rate in the state's history.
• Obviously, better ratings are better. ...credit profile and the likelihood that a ratings change over
• Obviously, better ratings are better for the entire state.
• Maybe with these new rates, it'll help us out.
• Accidents have happened, you know, at a high rate of speed.

Committee: House Appropriations

Summary: The committee first heard the House Fiscal Division’s FY 2027 budget presentations for the State Treasury, Public Service Commission, Department of Civil Service, and Department of Agriculture and Forestry. Treasury’s recommended budget was about $15 million with 74 positions, funded largely by self-generated revenue. Treasury staff highlighted strong investment returns, record unclaimed property recoveries, a new ACH option to speed and reduce the cost of payments, a School Transparency portal that helped uncover questionable school spending, and a new online portal that has sped up processing of cooperative endeavor agreements and related payments. Members praised the transparency work and faster payments, and asked about bond ratings, CEA oversight, and the public accessibility of the transparency site. The Public Service Commission’s FY 2027 budget was presented at $11.5 million, entirely self-generated, with most spending on personnel; commissioners said salary and market adjustments were needed to address heavy attorney and auditor turnover. Civil Service’s FY 2027 budget was presented at $28.7 million, with major funding from interagency transfers and general fund, and officials explained recent pay-plan and special entrance rate changes intended to improve recruitment and retention across state agencies. Members asked how those compensation changes were developed and whether market studies supported them. The Agriculture and Forestry budget was presented at $91.4 million, with major funding from statutory dedications, general fund, and federal dollars, and the commissioner described severe pressure on farmers from low commodity prices, drought, freezes, wildfires, storm damage, and labor shortages. The Agriculture and Forestry discussion was the longest and most detailed. The commissioner said the state is working to expand markets, reduce costs, and help farmers through federal assistance, while also seeking more equipment and fuel for wildfire response after a severe fire weekend and ongoing drought conditions. Members raised concerns about storm-damaged timber, soil and water conservation funding, and the loss of federal dollars that depend on local technicians. The commissioner explained the wildfire suppression subfund, the role of severance taxes, and the limits of current firefighting equipment and staffing. He also discussed the seafood sector, especially shrimp and crawfish, saying imported seafood, currency changes, tariffs, and H-2B worker shortages are hurting Louisiana producers and processors. He said the department is testing imported seafood for antibiotics, wants more authority to hold contaminated product, and is pursuing legislation to support seafood promotion and testing. Members also asked about wood chips, rail transport, timber severance reporting, and incentives for wood pellet use, and the commissioner said the department is exploring new markets, including overseas buyers for wood and agricultural products. No formal votes or bill actions were taken in the portion provided; the meeting consisted of budget presentations, agency testimony, and member questions and comments. The tone throughout was supportive of the agencies’ work, with repeated praise for Treasury’s transparency efforts, Civil Service’s compensation reforms, and Agriculture and Forestry’s advocacy for farmers, foresters, and seafood producers.

Transcript Highlights:

• One of them What we're doing, effects on electricity rates, et cetera.
• In the short run, we're trying to keep electricity rates down.
• I'll tell you what will happen 20 years from now, what the rate will be.
• The uncertainty is what's going to add to rates. And, yeah, thank you.
• This load growth offers an opportunity to reduce rates for all customers.

Committee: House Utilities and Energy

Summary: The committee first heard AB 1026 by Assembly Member Wilson, a bill aimed at reducing delays in utility energization applications that can hold up approved housing projects. Supporters, including the Housing Action Coalition, Mission Housing, and several housing and local government groups, said investor-owned utilities should follow clearer timelines and disclosure requirements so projects can move forward predictably. Opponents from PG&E and Southern California Edison argued the bill was unnecessary, could conflict with CPUC efforts already underway, and should wait for the ongoing energization rulemaking to conclude. After discussion of the bill’s amendments and timelines, the committee passed AB 1026 on a 15-0 vote, and also dispensed with the consent calendar on a 15-0 vote. The hearing then shifted to the committee’s annual oversight hearing on electric reliability. Representatives from the CPUC, CEC, CAISO, and DWR reviewed lessons from the 2020 rolling outages and 2022 heat events, emphasizing improved planning, better coordination, and the role of strategic reserves. They reported that California enters summer 2025 in a stronger position, with no expected shortfalls under traditional planning conditions and a surplus under standard reliability analysis, though they cautioned that wildfire and extreme heat could still create risk. They also highlighted major additions of battery storage, new procurement, and transmission and market reforms that have improved reliability and flexibility. Members asked about data center load growth, the future of Diablo Canyon, the strategic reliability reserve, wildfire costs, regional market expansion, and the balance between affordability and reliability. Witnesses said data center demand remains a major variable, Diablo Canyon should be planned for as if it may retire on schedule unless policy changes are made, and demand response and energy efficiency remain important tools. CAISO described the Western Energy Imbalance Market and the upcoming extended day-ahead market as major sources of savings and reliability benefits. The panel also said the new slice-of-day resource adequacy framework is working so far, with high compliance and ongoing monitoring.

Transcript Highlights:

• First, TK enrollment and uptake rates.
• Assistant teacher vacancy rates have declined.
• Please continue to work on the single rate structure so that reimbursement rates reflect the true cost
• I ask that you please continue your work on the single rate structure so that the reimbursement rate
• And our birth rate is declining rapidly.

Transcript Highlights:

• It requires that in their annual rate setting meetings, they establish the probable maximum loss, which
• It's a vote before the vote that could lead to higher rates.
• It moves the rate-setting deadline to September 15th, which is after the enactment of bills that... we
• And to be clear, decidedly not a funding or rate expert. I'm sorry.
• Rate inadequacy is leading to the saying that we need to raise rates even more.

Bills: SB1468 , SB1612 , SB1789 , SB2530 , SB2571 , SB2717 , SB2967

Committee: Senate Business & Commerce

Transcript Highlights:

• </c> We tax that at a very heavy heavy rate. We tax that at a very heavy heavy rate.
• And it's not the rates that are driving this one. Now we fixed that with rates.
• Now we we fixed that with rates. rates. rates. that<00:30:00.480><c> hasn't</c><00:30:00.799><c> been
• We got a perfect rating.
• We got a perfect rating. year. We got a perfect rating.

Committee: Joint Corporations, Elections & Political Subdivisions

Transcript Highlights:

• Um we ask patient satisfaction rates.
• You about to reduce rates risk anyway.
• </c> syndrome, which has a 50% survival rate syndrome, which has a 50% survival rate unless<00:52:05.480
• </c> that survival rate goes up to 94%. that survival rate goes up to 94%.
• </c> untreated decay rates have fallen 23%. untreated decay rates have fallen 23%.

Summary: The Budget Review Subcommittee on Health and Family Services met in person, approved the July 15 minutes, and heard a presentation from Dr. Matthew Holder and Dr. Henry Hood of the Lee Specialty Clinic in Louisville. The clinic serves people with complex intellectual and developmental disabilities through a transdisciplinary model that combines medical, dental, behavioral, psychiatric, therapy, and other services under one roof. The presenters argued that this population is large-cost but small in number, often receives little provider training, and is vulnerable to diagnostic overshadowing, overmedication, and missed medical or dental problems. The clinic reported that in Tennessee, payer data showed average costs of about $5,200 per member per month before clinic involvement, with a 44% reduction in overall health care spending after patients were seen, including lower emergency room use, inpatient admissions, and prescription use. They said those savings were measured by the payer, not the clinic, and that the savings accrued to Medicaid or managed care payers rather than the clinic itself. They also shared a case example of a patient who had been placed on hospice but improved after diagnosis and treatment at the clinic. Patient and parent satisfaction were described as very high, generally above 95%. The clinic asked for roughly $5 million to expand into Northern Kentucky, estimating 500 to 700 patients would use the new site and projecting annual savings of about $13 million to $19 million once mature. Members asked about the budget, startup and operating costs, where the savings go, and whether the clinic had considered taking full risk or another value-based model. Senator Meredith and others encouraged the clinic to explore an accountable care or risk-based arrangement, while the presenters said they were open to that discussion but had not pursued it yet. The exchange ended with follow-up questions about the clinic’s overall budget structure and public-private funding mix.

Transcript Highlights:

• </c><00:14:12.120><c> at</c> state level I employment rate at state level I employment rate at 3%<00:
• </c> rental and how and the inflation rate rental and how and the inflation rate for<00:31:34.320><c>
• 30-year mortgage rates, and the spread between the mortgage rate and the bond rate has been abnormally
• and the spread between the rates and the spread between the mortgage<00:57:20.880><c> rate</c><00:57
• :21.720><c> has</c><00:57:21.839><c> been</c> mortgage rate and the bond rate has been mortgage rate

Summary: The Committee on Finance held its first informational briefing for 2025, beginning with member introductions and then hearing an economic outlook presentation from Dr. Eugene Tian of the Department of Business, Economic Development and Tourism. Dr. Tian said Hawaii’s economy was in relatively good shape in several areas, especially construction, which he described as at a historical high, with construction employment above 40,000 monthly and building permit values and contracting tax base both up sharply. He also noted real estate sales had rebounded in 2024, the labor market had stabilized with unemployment around 2.9%, and initial unemployment claims were below 2019 levels. At the same time, he highlighted challenges including inflation running above the national rate, a shrinking labor force, lower employment compared with 2023, and continued weakness in visitor spending and arrivals. He said future growth would likely come from health care, professional services, construction, tourism recovery, and diversified sectors such as renewable energy, aquaculture, creative industries, and technology. Dr. Tian also discussed Hawaii’s economic structure and recovery, saying the state remains more concentrated in a few industries than the U.S. overall, with government and hospitality making up larger shares of the economy. He said non-tourism sectors had recovered, but tourism-related jobs and output were still below pre-pandemic levels, with Maui and the visitor industry still affected by the wildfire and COVID-19 impacts. He projected tourism and non-agricultural wage and salary jobs would not fully recover until 2027, and said population trends remain a concern because of aging, the likelihood of deaths outpacing births in coming years, and reliance on in-migration. After his presentation, the chair said questions would be taken later and the committee took a short break. After the break, Dr. Carano of the Hawaii Executive Director’s office presented a second outlook, saying Hawaii’s economy in 2025 looked better than 2024 overall, though he emphasized substantial uncertainty tied to the incoming federal administration. He said possible changes to tariffs, tax policy, immigration, and federal spending could raise inflation and keep interest rates higher than previously expected, which would affect housing, consumer debt, the dollar, and Hawaii’s visitor industry. He noted that U.S. visitors account for roughly three-quarters of visitor spending in the state, making federal policy especially important. He also said deregulation could be a long-term positive but would not likely have much effect in 2025 or 2026. As an additional risk, he pointed to bird flu and its effect on livestock, poultry, and egg prices. No votes or formal actions were taken during the briefing.

Transcript Highlights:

• , and those types of things. rates, and those types of things.
• It has a 59% success rate.
• And then finally, on the GSD rates, I think you've heard...
• increases and the health insurance rate increases.
• But the reality is mill rates cannot easily be changed.

Transcript Highlights:

• approval by the insurance commissioner and not less than 30 days before the effective date of the rate
• </c> the program has you know received a rate the program has you know received a rate filing<00:04:38.199
• </c><00:04:45.720><c> approval</c> related to after the rate approval related to after the rate approval
• > money</c><00:36:18.240><c> market</c> on the national rate for money market on the national rate for
• </c> of lenders to make low interest rate of lenders to make low interest rate loans<00:37:44.359><c>

Committee: Senate Commerce and Consumer Protection

Summary: The committee heard several insurance and condominium-related bills. SB 1137 would require insurers to notify policyholders of approved rate changes within 30 days and at least 30 days before the effective date. The Insurance Division supported the bill, while testimony focused on condominium master policies and whether the notice period would be enough for associations to respond to rate increases. The division said the bill would mainly affect admitted carriers, not surplus lines insurers that write many condominium master policies, and warned against limiting the nonadmitted market. SB 293, requiring sellers to disclose when USPS cannot deliver mail or packages to a residential property, was also heard with HAAI Realtors commenting. SB 752 would extend notice periods for cancellation or nonrenewal of property-casualty policies; the Attorney General’s Office raised concerns about contractual impairment and retroactive application. The committee also heard SB 575, which would allow authorized insurers to offer building and hurricane damage coverage for condominium buildings at a lower rate than prior surplus lines coverage. The Insurance Division stood on written testimony, and a condominium owner urged amendments to require a membership vote before such coverage changes, citing concerns about condominium self-governance. SP 1046 would require managing agents to notify unit owners and the Real Estate Commission when a condominium association fails budget and reserve reporting requirements. The Real Estate Commission said the bill was administratively workable as drafted but noted ambiguity over who counts as the “managing agent”; several testifiers opposed the measure, arguing it could disrupt the principal-agent relationship and impose legal judgment on nonlawyers, while others supported it. SP 150, dealing with captive insurance companies seeking exemption from examinations, drew the most detailed discussion. The Captive Insurance Council supported the bill as a way to reduce duplicative oversight and improve Hawaii’s competitiveness, while the Insurance Division opposed it as drafted, citing concerns about broad commissioner discretion, possible missed issues between exams, staffing shortages, and the need to preserve oversight. A committee member asked about a possible middle ground, including a shorter exemption period or limiting the bill to self-attestation companies; the division said it would need more information and that annual filings and approval requirements would still provide oversight. The committee also heard SP 212, which would require at least two Real Estate Commission members to be licensed engineers or architects; testimony included support and a concern about conflicts of interest among people who serve in multiple roles in the condominium and real estate sectors. No votes or final actions were taken in the portion provided, and the chair moved from one measure to the next after testimony and questions.

Transcript Highlights:

• To that point, who rated them such? Educators? No, the book creator. Mr.
• To that point, who rated them such? Educators? No, the book creator. Mr.
• We know what X-rated... We know what X-rated movies are.
• X-rated websites?
• Now, we've been growing at a rate of around 1.7% a year. Let's assume, though, a lower growth rate.

Committee: Senate Senate Government Committee of Reference

Summary: The committee approved the February 4, 2026 minutes and first held SB 1571. It then heard and advanced SB 1745, which would cap transaction privilege/excise tax rates in cities of 550,000 or more at 2.5% per classification unless voters approve a higher rate, with enforcement through the attorney general and state-shared revenue withholding for violations. Supporters argued it would protect taxpayers and restrain large-city tax increases; the bill was amended with a technical change and passed 4-3. The committee also advanced SB 1686, renaming Wesley Bolin Memorial Plaza as the Wesley Bolin and Charlie Kirk Freedom Plaza and authorizing memorial placements for Don Bowles and Charlie Kirk, which passed 4-3. The committee then took up SB 1567 and SB 1435, both aimed at restricting public entities, schools, and libraries from exposing minors to sexually explicit materials and from using public facilities for sexually explicit filming or access. Supporters said the bills were needed to prevent children from being exposed to pornography and to keep taxpayer resources from facilitating such material; opponents, including the ACLU, warned the definitions were broad, could chill speech, and could criminalize librarians and educators for handling literary or educational works. Both bills were amended and passed 4-3. SB 1435 also drew testimony about library access, sex education, and the risk of overbroad enforcement. The committee next considered SB 1433 and SB 1434, which would reorganize Maricopa County boundaries. SB 1433 would move portions of Maricopa County into neighboring counties, while SB 1434 would split Maricopa County into three new counties with a transition board and special elections. Supporters argued Maricopa County had become too large and unmanageable and that smaller counties would improve representation and water and regional governance; opponents said the proposals were costly, disruptive, and politically motivated. Both measures received due pass recommendations, with SB 1433 passing 4-3 and SB 1434 passing 4-3 with one not voting. Finally, the committee approved SCR 1024, requiring legislators to live in their district for one year before election, and SCR 1025, moving the legislative session start to the fourth Monday in January; both resolutions passed unanimously or near-unanimously, and the committee adjourned.

Transcript Highlights:

• The tax rate for any corporation that is less than $25 billion is...
• The tax rate for any corporation that is less than $25 billion is 2.1%.
• You raised the tax rate from 1.22% to 7.5%.
• If you uncap it, the rate will be 7.5%.
• I would say this: the 7.5% rate on advanced computing businesses would be by far the highest tax rate

Bills: HB2286 , HB2324 , HB2363 , HB2098

Committee: House Postsecondary Education & Workforce

Keywords: social work, licensure, alternative routes, education requirements, professional regulation, tuition waivers, veterans, education, children of veterans, higher education, military families, music therapy, temporary exemptions, healthcare, therapy practice, funding, tuition, financial aid, state budget

Transcript Highlights:

• is just based on the passage rate?
• There's also a tuition rate for workforce courses.
• We'll be back over that rate of growth.
• and employment rates after school.
• I'd like to see it as a About their individual graduation rates and employment rates after school.

Summary: The Higher Education Budget Subcommittee met to review funding models for the Florida College System and district workforce education programs, with an emphasis on how new dollars are allocated in the program fund and how performance and targeted funding are incorporated. Chancellor Hebda explained the Florida College System model, including base program funding, student success and pipeline funds, performance incentives for industry certifications, and the 2022 president-developed formula that weights enrollment, workforce enrollment, completions, small-college factors, and regional cost differences, plus a targeted funding floor for colleges below a minimum per-FTE level. Vice Chancellor Goodman then outlined the district workforce model, which uses lagged enrollment, program cost weights, local revenue offsets, small-district adjustments, and unmet-need calculations to distribute lump-sum appropriations to school districts offering workforce education. The department also provided updates on several grant programs and funding delays. Goodman said the Workforce Development Incentive Grant, Pathways to Career Opportunities Grant, Graduation Alternative to Traditional Education Startup Grant, and teacher apprenticeship/mentor bonus programs all involve multi-year awards and often require reversions and reappropriations because projects are delayed, extended, or not fully obligated by year-end. She said the department is moving toward an electronic grants system and had already adjusted internal deadlines to speed awards, while acknowledging some reimbursement delays and explaining that mentor bonuses for teacher apprentices will not be paid until the first cohort reaches the statutory timing requirement. Members asked about tracking whether CTE students work in their trained fields, how Xello is used to inform students about career pathways, how FTE is calculated, whether the funding formulas could encourage growth over quality, and how students with disabilities are counted in workforce funding. Questions also focused on tuition, enrollment trends, and the gap between college and university funding. The committee heard that tuition has remained flat for more than a decade, enrollment has rebounded from COVID and is projected to exceed pre-pandemic levels, and the college system’s funding per FTE varies widely. Valencia College President Kathleen Plinsky testified in support of the proposed formula and an additional $200 million for the Florida College System, saying Valencia is the second-largest college in the state but ranks last in per-FTE funding, which has made it difficult to recruit and retain faculty and admit qualified students in high-demand programs like nursing. The committee took no vote and adjourned after the presentations and questions.

Transcript Highlights:

• So those credits get paid at the four-year rate versus the two-year rate, and consequently the same for
• Their career and technology education credits get paid at the two-year rate versus that four-year rate
• So that's why they see a little bit of an adjustment at At the two-year rate versus that four-year rate
• This is the economic size rate.
• So I did look at retention rates.

Summary: The committee met to discuss higher education funding and capital building policy. Members first heard an update from NDUS Deputy Commissioner Lisa Johnson on low-producing academic programs. She described a proposed board policy using a five-year rolling window and thresholds of fewer than 10 undergraduate graduates or fewer than 5 graduate graduates, with programs flagged for three consecutive review periods going to the board. Possible outcomes would include continuation, continuation with modifications, inactivation, or termination. Members asked about how the review would account for program costs, service to other students, workforce demand, and the difference between inactivation and termination. Johnson said the board would consider broader factors and that campuses already do detailed program analysis. Several members also asked about cost savings and staffing impacts from program terminations, and Johnson said the board would try to provide more information later. The committee then received a report on the Capital Building Fund from Jamie Wilkie. He reviewed the program’s history, matching requirements, and recent uses, noting that about $334 million in state and matching dollars has been invested overall, with most going to deferred maintenance and extraordinary repairs. Members discussed whether the program is reducing deferred maintenance and requested updated systemwide data on deferred maintenance and campus space utilization. Wilkie said the board is considering a new study to update deferred maintenance figures, which are based on information more than 12 years old. He also reported that several institutions have used current biennium funds for projects such as residence hall renovations, health sciences housing, generators, and building repairs. Later, the committee began a detailed walkthrough of a draft bill that would replace the current higher education funding formula with an FTE-based model and also revise the capital building fund structure. The draft would use fall enrollment FTEs, add completion incentives for degrees in in-demand fields, and create a separate research funding component for UND and NDSU tied to doctoral completions and external research expenditures. Members raised concerns about the use of older data in the formula, the treatment of waivers, the weighting of professional and health sciences programs, and the use of CIP codes to define CTE and education incentives. The bill draft would also combine capital building fund tiers, broaden eligible uses for deferred maintenance and legislatively authorized projects, change matching requirements, repeal the old formula chapter and the capital pool, and transfer funds from the Strategic Investment and Improvements Fund into the capital building fund. No final votes were taken during the portion provided; the meeting was primarily discussion and review.