Transcript Highlights:

• Department of Education on 21st Century Community Learning Centers found that 70% of Washington students
• Two, some of these costs are fixed costs: utilities, insurance. We cannot control that.
• As communication to the members of the committee have noted, the Department of Health has requested an
• Please stop up your test. as stated by Washington State Department of Health.
• I'm a battalion chief at a fire department just north of the Lieutenant Brigade Harbor.

Summary: The committee first heard Senate Bill 5992, which would create a non-appropriated Youth Development Fund account to support grants for positive youth development programs serving ages 5 to 24. Staff explained that OSPI would administer grants to nonprofits, tribes, and local parks and recreation entities, with school districts and ESDs eligible mainly as partners; annual reporting would be required. The sponsor and many testifiers, including students, youth-serving nonprofits, tribal representatives, and agency partners, described after-school, mentoring, arts, sports, outdoor, and wraparound programs as important for mental health, belonging, safety, civic engagement, and prevention, especially for vulnerable and rural youth. The committee then moved to executive session and adopted a substitute and passed SB 5992 to the Rules Committee. The committee also took executive action on Senate Bill 5952, which would standardize the process for excusing high school students from physical education, and on Senate Bill 5961, which would transfer the Imagination Library of Washington from DCYF to OSPI. In both cases, the committee adopted proposed substitutes that narrowed or adjusted the bills, then voted them out of committee: SB 5952 was sent to Rules, and SB 5961 was sent to Ways and Means. The committee also heard Senate Bill 5969 on allowing an IEP transition plan to satisfy high school and beyond plan requirements; after discussion, a substitute was adopted that instead directs OSPI to reduce duplication in the statewide IEP system, and the bill was passed to Ways and Means. Later, the committee heard Senate Bill 5918, which would increase materials, supplies, and operating costs (MSOC) funding by $100 per student or $100,000 per district, whichever is greater, starting in the 2026-27 school year. Testimony from educators, administrators, school board members, PTA, and OSPI emphasized that districts are using local levy dollars to cover basic operating costs such as utilities, insurance, curriculum, and maintenance, leaving less for enrichment and forcing cuts or deferred purchases. One opponent argued against additional taxes and questioned the return on school spending. The sponsor framed the bill as necessary to meet the state’s paramount duty to fund basic education. The transcript then shifted to Senate Bill 5951 on school access to albuterol, which would allow schools to keep stock albuterol under a statewide standing order and let trained staff administer it under certain conditions; students, nurses, and advocates testified that stock albuterol could reduce absences and improve safety for students with asthma. Finally, the committee began hearing Senate Bill 6042 on school mapping, which would require school safety plans to include accurate, interoperable digital maps for first responders; the sponsor and emergency response witnesses said standardized maps are critical for coordinated, timely response in school emergencies.

Transcript Highlights:

• The last part of the hearing will be an overview by the Department of Corrections on the Minnesota regional
• Um, I was actually working for the fire department the night of the flood.
• </c><01:26:17.520><c> of</c> commitment orders the department of commitment orders the department of
• And so it kind of really comes out of that having that conversation with the Department of Corrections
• </c><01:34:45.199><c> of</c> conversation with the Department of conversation with the Department of

Bills: HF3700 , HF3982 , HF3927 , HF3933 , HF3949 , HF4238 , HF4275 , HF4476 , HF4504

Committee: House Capital Investment

Keywords: Duluth, Lake Superior Zoo, capital improvements, funding, bonds, appropriations, capital investment, port development, grant caps, state assistance, navigation facilities, Dakota County, state bonds, park improvements, infrastructure, transportation, safety, congestion, water infrastructure, bond issuance

Transcript Highlights:

• But part of the issue was the speed of it.
• This thing is a good place to start with the Arizona Department of Child Safety. It's a start.
• of lack of child care in my county.
• investigation of their rights. ...the department did not always inform individuals under non-criminal
• There were no police reports for child abuse, no Department of Child Safety findings, nothing that would

Bills: HB2041 , HB2144 , HB2239 , HB2321 , HB2371 , HB2594 , HB2661 , HB2662 , HB2793 , HB2968 , HB2995

Committee: Senate Federalism and Family Law

Keywords: child neglect, financial resources, behavioral health, Christian Science treatment, parental rights, child support, preborn children, retroactive support, medical expenses, child welfare, child care, grant program, low-income, early learning, infrastructure, economic growth, security freeze, credit reporting, dependent children, parental notification

Transcript Highlights:

• And this bill states that we need to go contact the Department of Corrections, which I worked for the
• I worked for the Department of Corrections for nine years, Department of Transportation for six.
• I worked for Department of Corrections for nine years, Department of Transportation for six.
• I'm Anita Booker Hay, Chief Judge with the Board of Industrial Insurance Appeals.
• I'm Anita Booker Hay, Chief Judge with the Board of Industrial Insurance Appeals.

Bills: SB5536 , SB5868 , SJM8006 , SB6011

Committee: House Civil Rights & Judiciary

Keywords: divorce, dissolution, marriage, domestic partnership, property division, real property, community property, separate property, liabilities, family law, equitable distribution, court order, personal jurisdiction, absent spouse, absent domestic partner, creditors, secured creditors, unsecured creditors, home equity, family home

Transcript Highlights:

• of.
• He robbed her of hundreds of dollars and also robbed the house of jewelry.
• There were no police reports for child abuse, no Department of Child Safety findings, nothing that would
• today, of course, in support of HB 4070.
• today, of course, in support of HB 4070.

Bills: HB2495 , HB2557 , HB2594 , HB2615 , HB2800 , HB2861 , HB2862 , HB2931 , HB2995 , HB4042 , HB4070 , HB4117 , HB4136

Committee: House Judiciary

Keywords: vulnerable adults, sentencing, felonies, criminal justice, enhanced penalties, medical records, patient rights, healthcare access, privacy, healthcare providers, timeliness, address confidentiality, domestic violence, privacy protection, voter registration, court proceedings, parenting time, supervised visitation, family court, high-risk cases

Transcript Highlights:

• taking care of the rest of the business.
• Part of me.
• Many of our water access sites, say at the Department of Fish and Wildlife, received money from this
• So both types of projects get funded out of this.
• But first of all, I'd like you to know that I've been working with your departments for many years, from

Bills: HB2470 , HB2353 , HB2420 , HB2338

Committee: House Capital Budget

Keywords: HB2470, school construction assistance, capital budget, school facilities, on-base schools, military base schools, military installations, public school construction, school plant projects, state funding assistance, superintendent of public instruction, OSPI, school capital funding, instructional space, school district construction, alternative learning experience, ALE, free and reduced-price meals, special housing burden, district growth

Transcript Highlights:

• of Licensing, for an exemption that By an entity, in this case, the Washington Department of Licensing
• The Department of Personnel was abolished in 2011, and its functions were transferred to the Office of
• the Office of Equity in lieu of the Department of Personnel.
• background investigations of certain employees in cooperation with the Department of Social and Health
• Services and the Department of Children, Youth, and Families.

Bills: HB2352 , HB2237 , HB2249 , HB2475 , HB2408 , HB2435 , HB2309 , HB2244 , HB2281

Committee: House State Government & Tribal Relations

Keywords: conflict of interest, transparency, state employees, municipal officers, ethics, fire safety, state fire marshals, regulation, public safety, emergency services, HB 2249, Washington Technology Solutions, WaTech, civil service, classified service, exempt employees, state employment, state personnel, network security, cybersecurity

Transcript Highlights:

• It relates to developing a strategic plan for improvement and expansion of early learning educational
• Members, this bill relates to prohibiting the regulation of homeschool programs.
• It relates to allowing the chair of the State Board of Education to employ personnel to assist in performing
• Members, this bill relates to the use of funds awarded under the Jobs and Education for Texans. known
• We had a whole list of bills to be reviewed in the morning; we'll try to move.

Bills: HB322 , HB126 , HB3062 , HB1481 , HB2310 , HB2674 , HB121 , HB2243 , HB3627 , HB1178 , HB367 , HB5515

Committees: Senate Education K-16 , Senate Education

Keywords: JET Grant Program, career education, technical education, community colleges, technology solutions, high demand jobs, student athletes, name image likeness, compensation, intercollegiate athletics, representation, fentanyl prevention, drug poisoning awareness, higher education, mental health resources, substance abuse education, student policy, communication devices, school regulations, disciplinary measures

Transcript Highlights:

• I mean, there’s hundreds of thousands of bird deaths here.
• We're on the same side of a lot of issues a lot of the time.
• I wanted to touch on some of the numbers of volumes.
• the owner of the surface estate of tract land.
• First of all, of course, I'm 100% for the bill.

Bills: SB3074 , HB49 , HB2440 , HB3556 , HB3619 , HB3866 , HB4042 , HB4112 , HB4271 , HB4413 , HB4426 , HB5033

Committee: Senate Natural Resources

Keywords: SB 3074, TCEQ, Texas Commission on Environmental Quality, Water Code, permit applications, environmental permitting, administrative record, ex parte communications, legislative communications, governor, lieutenant governor, state legislators, district projects, public records, recusal, conflict of interest, substantial interest, agency transparency, environmental regulation, permit renewal

Summary: The committee heard and laid out several natural resources and environmental bills, with testimony focused on balancing development, public health, wildlife protection, and regulatory authority. SB 3074 would allow the governor, lieutenant governor, and legislators to communicate in writing with TCEQ about matters before the commission, with safeguards requiring the communication to be part of the record and allowing other parties to respond; a committee substitute narrowed it to written communications about permits only, limited legislator communications to facilities in their districts, and adjusted conflict-of-interest rules. HB 3556, as substituted, would require notice to Texas Parks and Wildlife for certain very tall structures in specified coastal counties and give TPWD a limited right to seek injunctive relief if mitigation is insufficient to prevent material harm to migratory birds; supporters said it would address ignored wildlife recommendations and protect key flyways, while opponents argued the bill was too broad, singled out wind energy, and gave one agency unusually strong enforcement power. HB 49 would expand liability protections for produced-water recycling and beneficial use; supporters said it would encourage reuse of a large wastewater stream and reduce disposal pressures, while opponents warned it could shield operators from responsibility before the science and standards are mature. HB 4413 would authorize mass-balance accounting for renewable biomass feedstocks, and HB 3866 would regulate intermediate bulk container recycling facilities near homes, with a committee substitute adding a grandfather clause and making implementation contingent on funding. The committee also heard bills affecting air and energy regulation. HB 5033 would create a trigger to end vehicle emissions inspections if federal law changes to allow it; the substitute removed a Supreme Court-related trigger, and the lone public witness opposed the bill, warning it would worsen air quality and harm nonattainment areas. HB 4112 would clarify that on-site storage of high-level radioactive waste is allowed at current and future nuclear reactors and university research reactors only for waste generated at that site; the substitute clarified the language and removed an inoperative permit condition, and witnesses from environmental and nuclear groups said the clarification was needed to prevent unintended restrictions while avoiding off-site storage. HB 2440 would prohibit state agencies from using air-quality rules to ban or restrict vehicles based on energy source, including internal combustion vehicles, and no public testimony was offered. HB 4271 would require TCEQ to hold public meetings on request for composting facility authorizations; the substitute limited the requirement to future applications and was presented as a transparency measure after a denied local request and extensive public comments. Additional bills addressed landowner protections and Railroad Commission oversight. HB 3619 would require the Railroad Commission to restore surface land after plugging or replugging operations and indemnify landowners from damages tied to authorized entry; a witness supported the bill but urged fixing a separate statutory loophole that he said allowed operators to enter unrelated tracts without notice. HB 4042 would extend Railroad Commission pipeline safety and fee provisions to propane distribution systems by removing the word “natural” from the relevant definitions. HB 4426 would set a 10-year permit term for commercial surface disposal facilities, allow renewal based on compliance history, and require renewal applications 120 days before expiration. The committee took no votes because a quorum was not initially present, and each bill was left pending after testimony and discussion.

Transcript Highlights:

• HB 1506 would allow a retired county or district judge to apply to the Department of Public Safety for
• Charlotte Mulder with the Texas Department of Licensing and Regulation. There you go.
• Charlotte Mulder with the Texas Department of Licensing and Regulation.
• by the Department of Justice.
• Mitch Fuller, Legislative Director for the VFW Department of Texas, and I obviously enthusiastically

Bills: HB186 , HB201 , HB229 , HB796 , HB1506 , HB2702 , HB2885 , HB3225 , HB3909 , HB4285 , HB5138

Committee: Senate State Affairs

Keywords: social media, children, account verification, data privacy, parental control, financial crime, card fraud, motor fuel theft, law enforcement, criminal activity, skimmers, prevention, training, biological sex, government information, definitions, sex-based distinctions, public health, federal directives, state authority

Transcript Highlights:

• In the case of those of you who have younger siblings, it seems like you kind of like the spirit of the
• How proud I am of all of you.
• Censorship of LGBT is one of the targets of these bills, but there are many targets.
• fear of being legislated out of existence.
• the expense of science, and at the expense of the people of this country.

Bills: HB186 , HB201 , HB229 , HB796 , HB1506 , HB2702 , HB2885 , HB3225 , HB3909 , HB4285 , HB5138

Committee: Senate State Affairs

Keywords: social media, children, account verification, data privacy, parental control, financial crime, card fraud, motor fuel theft, law enforcement, criminal activity, skimmers, prevention, training, biological sex, government information, definitions, sex-based distinctions, public health, federal directives, state authority

Transcript Highlights:

• And she was not the result of a death of suicide.
• fear of being legislated out of existence."
• fear of being legislated out of existence."
• fear of being legislated out of existence."
• fear of being legislated out of existence."

Bills: HB186 , HB201 , HB229 , HB796 , HB1506 , HB2702 , HB2885 , HB3225 , HB3909 , HB4285 , HB5138

Committee: Senate State Affairs

Keywords: social media, children, account verification, data privacy, parental control, financial crime, card fraud, motor fuel theft, law enforcement, criminal activity, skimmers, prevention, training, biological sex, government information, definitions, sex-based distinctions, public health, federal directives, state authority

Summary: The committee took up House Bill 186, which would require social media platforms to verify users are 18 or older before allowing account creation. Invited witnesses in support, including Mary Elizabeth Castle and David Dunmoyer, argued the bill would protect children from harmful algorithms, addictive design, bullying, sexual exploitation, and mental health harms, and emphasized parental rights and the idea that minors should not enter binding contracts with platforms. Committee members questioned them about how algorithms work, whether parents could realistically monitor content, and whether the bill would still allow educational use; the witnesses said the bill was narrowly aimed at harmful social media use and not educational content. Public testimony on HB 186 was largely in opposition, though several student witnesses said they supported the bill’s goals but wanted the age lowered to 16 or the bill amended to allow parental consent or joint accounts. Opponents argued the bill would be ineffective because teens could bypass age checks, would cut off access to educational tools, school communications, recruiting and NIL opportunities, and would burden free speech and privacy. Some witnesses also said social media helps teens with mental health, community, and creative or professional opportunities, while others warned the bill could disproportionately harm disabled and marginalized users. After public testimony closed, HB 186 was left pending. The committee then heard House Bill 5138, which Chairman Hughes said would respond to a court ruling limiting the Attorney General’s authority to prosecute election crimes unless invited by local prosecutors by changing the statute to require AG prosecution. Public testimony on HB 5138 was brief and opposed by at least one witness who argued it would further erode local control and expand state preemption. The bill was left pending after testimony. Finally, the committee heard House Bill 3225, a library bill aimed at keeping sexually explicit books and materials out of children’s sections in municipal libraries and requiring age verification for checkout, including digital access, with parental consent and other revisions added in the House. Supporters said the bill would protect children from explicit material and keep such content in adult sections, while opponents argued it would amount to censorship, be costly and difficult to implement, and could be used to target LGBTQ+ or other marginalized content. Library workers, parents, students, and advocates testified that existing library sections already separate age-appropriate materials and that the bill could reduce access to books, burden libraries, and infringe on parental choice and free expression.

Transcript Highlights:

• The VFW has played a pivotal role in shaping policies such as the creation of the Department of Veterans
• This includes an in-depth discussion of the placement of commas and the replacement of outdated legalese
• It's also a showcase of some of the most popular movies of all time, featuring a vibrant music and art
• We will continue to work closely with the Department of Health and Human Services.
• of Texas.

Bills: HCR75 , HCR93 , SB644 , SCR2 , SCR17 , HB2703 , HCR92 , HCR7 , HCR126 , HB1615 , HB1610 , HB1620 , HCR86 , HCR7

Committee: Senate Administration

Keywords: Hemphill, bass fishing, tourism, state recognition, conservation, recreational activities, Nacogdoches, Garden Capital, public gardens, sustainability, horticultural heritage, hospice, palliative care, awareness day, healthcare, patient care, state regulation, taxation, education, local authority

Transcript Highlights:

• So the photo on the back of the page were photos I took in November of 2024 of a county that was opening
• Is that a certain part of Texas? It's part of Harris County. Oh, it's part of Harris County. Okay.
• I've had the privilege of helping hundreds of eligible residents begin the process of registering to
• oath of office that I take, just like all of you take.
• What I'm hearing is that the Secretary of State is in charge of all of our elections.

Bills: HB569 , HB766 , HB1638 , HB2316 , HB2773 , HB2785 , HB3113 , HB3709 , HB3775 , HB4275

Committee: House Elections

Keywords: early voting, ballot correction, voting rights, election integrity, mail-in voting, voter notification, HB 766, precinct chair, precinct chair candidate, ballot application, Texas Election Code, Section 172.021, election administration, candidate filing, party precinct chair, county party, political party office, email address, telephone number, confidential candidate information

Transcript Highlights:

• of these insurance claims...
• of Insurance.
• of Insurance.
• Chairman, if I could—sorry—Adam Patrick with the Department of Insurance. Mr.
• Chairman, if I could—sorry—Adam Patrick with the Department of Insurance.

Committee: House Civil Law and Procedure

Summary: The committee first heard Senate Bill 476, which would add clearer warning language for garnishees responding to interrogatories and create a limited procedure for a new trial when a garnishee can show it never held property or owed the debtor during the garnishment period. After brief questions about how garnishment works, the bill was reported favorably without objection. Senate Bill 260, a youth athletics coaches training bill, was then amended to remove language about the department using donated funds to purchase courses and was reported as amended. House Bill 79, by Chairman Carter, would remove the damages cap for carbon capture release claims. Carter argued carbon capture should be treated like other industries and not receive special liability protection, and the committee reported the bill favorably without objection. The committee also took up Senate Bill 424, which clarifies that electronic service applies only to counsel of record representing a party, and Senate Bill 180, a constitutional amendment allowing a surviving spouse of a deceased disabled veteran to make a one-time transfer of an expanded property tax exemption to another qualifying homestead. SB 180 received a ballot-language amendment and a 6.88 report before being reported as amended. The longest discussion centered on House Bill 1089, which creates “care accounts” for future medical damages in delictual actions. Supporters said the bill would ensure future medical awards are used for medical care, reduce abuse, and function like a restricted account with a card or similar payment mechanism; opponents raised concerns about the account being owned by the judgment debtor, possible reversion of unused funds to the wrong party, administrative confusion, and impacts on survivors of trafficking and sexual abuse who may need flexible, trauma-informed care outside standard billing codes. After extensive testimony and debate, the committee adopted an amendment set and reported the bill favorably by a 6-1 vote, with Representative Carter voting no. Finally, House Bill 437 was heard and amended. The bill would prohibit expert witnesses from having a pecuniary interest in the outcome of the case, while still allowing inquiry into an expert’s prior testimony history. An amendment excluded criminal traffic and juvenile proceedings, and the committee continued discussion with testimony from supporters and opponents as the transcript ended.

Transcript Highlights:

• </c> mention the Department of Agriculture. mention the Department of Agriculture.
• </c><00:15:02.160><c> of</c> the org structure Department of the org structure Department of Agriculture
• c> only</c> the Department of Agriculture not only the Department of Agriculture not only do<00:23:39.560
• <c> of</c><00:47:04.280><c> Education,</c> the Kentucky Department of Education, the Kentucky Department
• </c><01:46:45.600><c> of</c> Kentucky Kentucky Department of Kentucky Kentucky Department of Education

Committee: Joint Appropriations & Revenue

Keywords: Meeting Start 00:00:00 Budget Process 00:02:28 Allotment Process 00:10:30 School Facilities Construction Commission 00:29:10 Role of KDE in School Facilities Funding 00:47:00 Kentucky School Boards Association 01:13:25 Elementary and Secondary School Construction 01:20:40 Perkins V Funding 01:35:32, 958, all

Transcript Highlights:

• I am, as mentioned, the senior director of real estate and construction services for the Department of
• The Department of Commerce has just signed a new lease.
• of unoccupied at the Department of Transportation<01:03:47.520><c> building?
• of Transportation's lease the Department of Transportation's lease agreement.<01:04:04.000><c> Um</c
• </c> department of administration. department of administration.

Bills: HF4912 , HF4664

Committee: House State Government Finance and Policy

Keywords: electronic pull-tabs, pull-tabs, tipboards, gambling tax, Minnesota Racing Commission, Thoroughbred, horse racing, Minnesota-bred horses, breeders, owners, racing purses, industry subsidy, gambling revenue dedication, problem gambling, compulsive gambling treatment, general fund appropriation, state affiliate National Council on Problem Gambling, racing incentives, equine industry, public officers

Transcript Highlights:

• </c> the Minnesota Department of Education. the Minnesota Department of Education.
• </c><00:01:45.600><c> of</c> Areola, also the Department of Areola, also the Department of Education.
• <c> in</c> uh the department of education's role in uh the department of education's role in um<00:02
• I of um revocations by the department.
• ><c> of</c><00:45:20.160><c> January</c> Department of Education as of January Department of Education

Bills: HF3487 , HF3421

Committee: House Education Policy

Keywords: anonymous reporting, school safety, education, crisis intervention, threat reporting, early literacy, reading instruction, teacher preparation, teacher candidates, teacher licensure, educator licensing, Professional Educator Licensing and Standards Board, PELSB, field experience, supervised practicum, evidence-based reading, science of reading, literacy methods, teacher training, preservice teachers

Transcript Highlights:

• Department of Education.
• Department of Education.
• Department of Education.
• role of the Department of Education, we...
• Department of Education. So, you know, Department of Education.

Keywords: Meeting Start: 00:00:12 Attendance Roll Call: 00:00:33 Kentucky’s New Assessment and Accountability Model Update: 00:03:50 Federal Education Policy and Its Impact on States: 01:00:55 Educational Leadership Training Opportunities in Kentucky: 01:26:44 Consideration of Referred Administrative Regulations: 02:10:38 Adjournment: 02:13:57, 958, all

Summary: The Interim Joint Committee on Education met for its first interim meeting and established a quorum before taking up its first topic, Kentucky’s new assessment and accountability model. Commissioner Robbie Fletcher, joined by KDE staff and superintendents, described a multi-year effort involving the Kentucky “Now We Learn” Council, more than 50 educators and stakeholders, at least 18 pilot districts, surveys, focus groups, town halls, and four prototype frameworks. He emphasized three priorities for the new model: vibrant learning experiences, innovation in assessment, and collaboration with communities. Fletcher said the state accountability portion would continue to meet federal requirements and identify CSI/TSI/ATSI schools, while shifting toward more emphasis on individual student growth, grade-level equivalency in reading and math, career and technical education, graduation rate, and English language proficiency. He also said science would remain a required assessment but be reported separately rather than counted in the CSI/TSI calculation. He stressed that the model should focus on growth, local flexibility, and meaningful measures that reflect community expectations, while still preserving a statewide framework. The committee also heard from Bullitt County superintendent Jesse Bacon, who described his district’s local accountability work. He said Bullitt County formed a community coalition with broad representation from across the district, business leaders, and community members, met six times during the school year, and worked toward a public-facing dashboard that would show community expectations, evidence of accountability, and areas for improvement. Bacon said the district identified six community-defined pillars, beginning with student learning and foundational academic knowledge, as part of a system intended to communicate strengths and improvement areas to the public.

Transcript Highlights:

• All four of the plans—pension and insurance, JRP, and LRP—had exceeded the 100% funding level.
• Uh we've included the insurance uh<00:23:26.320><c> some</c><00:23:26.480><c> of</c><00:23:26.559><c>
• You'll see as of July 1st, 2024, we had 317,700,000 in the health insurance trust.
• So, uh, one of the provisions of this Department of Education statute, and it's KRS 161.155, um, it allows
• So, uh, one of the provisions of this Department of Education statute, and it's KRS 161.155, um, it allows

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.