Transcript Highlights:

• Without inflation in that calculation, that balance would be 1.61 billion.
• well as six months' worth of interest.
• well as six months' worth of interest.
• well as six months' worth of interest.
• <00:51:21.799> on elsewhere anything that's calculated on elsewhere anything that's calculated

Keywords: 1183, house

Transcript Highlights:

• , add all the soft cost uh calculator, add all the soft costs.<00:13:30.040> We<00:13:30.160><
• So, there's a lot of interest<00:15:54.640> in<00:15:54.760> this<00:15:55.000> from
• these distributions are<00:22:51.000> calculated<00:22:51.720> beginning<00:22:52.160>
• are calculated beginning in fiscal year 2027. 2027. 2027.
• <00:23:22.560> timings It also matches the calculation timings for sales and use taxes to

Bills: SF0052

Keywords: wildlife management, environmental restoration, funding, invasive species, aquatic ecosystems, native fish, habitat conservation, 916, all

Transcript Highlights:

• Well, that's interesting because I looked at what was passed out to us as far as your impact fees and
• Well, that's<00:26:57.120> interesting<00:26:57.440> because<00:26:57.679> I<00:
• 26:57.919> looked<00:26:58.080> at that's interesting because I looked at that's interesting
• about<00:41:53.680> the<00:41:53.920> calculations we're talking about the calculations
• updated the district calculations? updated the district calculations?

Keywords: 912, senate, all

Summary: The Joint Senate Committee on Education, Hawaiian Affairs, and Housing heard House Bill 1088 HD1, which would exempt housing developed by the Department of Hawaiian Homelands (DHHL) from school impact fees. The Department of Education said it was open to working with DHHL and the Legislature, including possibly eliminating the construction-cost portion of the fee for DHHL and other government affordable housing projects, but it wanted to retain the land-dedication requirement for future school sites where growth would exceed existing school capacity. The School Facilities Authority supported the bill, and DHHL strongly supported it, noting that its testimony referenced an earlier emergency proclamation but that the exemption remains in the current proclamation. DHHL also said it had no objection to a proposed amendment from the Wahiawa Hawaiian Homestead Association. The Tax Foundation of Hawaii testified in opposition to the broader school impact fee program, arguing that the fund has accumulated about $29 million that has not been spent and citing concerns raised in State Auditor Report 19-13, including administrative and constitutional issues. Committee discussion focused heavily on whether the fee system is being applied fairly, especially to smaller projects and homeowners, and whether the districts and calculations used to assess fees have been updated. Members questioned the DOE and SFA about the distinction between land and construction costs, the use of fees in areas like Kīhei, Kalihi, Ala Moana, and Ewa, and whether the department had revisited district calculations as recommended in the audit. DOE said it had collected about $500,000 in construction money and $2.8 million in land contributions for Kalihi-related areas, and said it would follow up on questions about land conveyances and district updates. After discussion, the chair called for a vote. The Education committee recommended passing HB 1088 HD1 as is, with Senator San Buenaventura voting with reservation and Senators Ihara and Kole voting aye. The recommendation was adopted. The Housing committee then also deferred the measure.

Transcript Highlights:

• FOR EVERY FTE THAT WE CALCULATE WE ARE WEIGHING THEM.
• AND WE CALCULATE THE TOTAL FUNDING NEEDED FOR EACH OF THE 56 DISTRICTS.
• THE STATE FUNDING NEED TO THE LOCAL APPROPRIATION TO ARRIVE IT AT UNMET FUNDING NEED CALCULATION.
• CAN WE CALCULATE TWO IMPORTANT THINGS.
• PART OF THIS IS TO CALCULATE THE AMOUNT FOR EVERY SINGLE COLLEGE AND IT'S INTERESTING BECAUSE THERE COLLEGES

Keywords: 999, senate, all

Transcript Highlights:

• Interesting. All right.
• So, and also the way that the calculation...
• I'm not saying that I calculated that in my head really quick.
• Any other interested persons want to comment?
• Very interesting.

Summary: The committee opened with a moment of silence honoring a deceased member, then approved the April minutes. The first major presentation was from Chelsea Florey of Child and Family Services on the Diversion Task Force and related grant programs created with one-time funding from HB 1012. She reported that five of six proposals were funded, with youth diversion services operating in Bismarck, Fargo, Grand Forks, Minot, and a Red River Children’s Advocacy Center program focused on problematic sexualized behavior. Members discussed barriers such as staffing shortages, voluntary family engagement, service fatigue, and the need for better coordination, broader outreach, and possible changes to diversion eligibility rules so low-level cases can remain in diversion longer. Several legislators pressed for more practical system changes and clearer service navigation, while Florey said the task force is trying to build a service array or hub and is leaning on the Children’s Cabinet for broader recommendations. The committee then heard from North Dakota Lottery Director Thomas Lawler, who gave an operational overview and biennium report. He described the lottery’s history, games, retailer commissions, Pick and Click subscriptions, Players Club membership, and revenue distribution. For the 2023-25 biennium, about $67 million in tickets were purchased, with roughly $16.2 million transferred overall, including money for the general fund, drug task force grants, and compulsive gambling prevention and treatment. Members asked about the compulsive gambling allocation and whether the amount is set by statute. A lengthy presentation followed from the Department of Corrections and Rehabilitation on criminal justice data connectivity and reentry. Adam Anderson explained that North Dakota’s jail, court, HHS, and correctional systems use multiple separate databases that do not communicate in real time, requiring manual cross-checks and staff communication. He said the department is exploring a centralized hub or other integration approach, but noted challenges with identifiers, vendor contracts, confidentiality, and cost. Robin Schmolenberger then updated the committee on a Medicaid data-sharing project with HHS, saying monthly application assistance is now occurring in correctional facilities and that automated bi-directional data exchange is expected in late 2026 to help suspend and reactivate Medicaid coverage and identify former foster care youth. Members also discussed parole, probation, transitional housing, and the need for better real-time notifications and clearer data definitions. The committee also received an update from county representatives on the 24/7 sobriety program, including a recent attorney general opinion that if a court waives 24/7 fees, sheriffs may use the cheaper twice-daily breath test or urine testing instead of SCRAM bracelets or drug patches. Finally, Bruce Johnson of the Racing Commission presented on an audit report, acknowledging serious findings involving overspending from the promotion fund, grant documentation failures, a breeders fund eligibility reversal, and repeated procurement violations. He said the commission has already changed its procedures by tracking fund limits monthly, requiring grant applications and itemized reports, enforcing breeders fund rules as written, and routing purchases through procurement with written contracts. The committee asked follow-up questions throughout but took no formal votes on these presentations.

Transcript Highlights:

• The data used in the calculation are as of that date, but the tax calculation itself is run at the end
• :29.000> each um calculates tax rates for each um calculates tax rates for each employer<00:46
• and so we do the we kind of we calculate and so we do the we kind of we calculate tax<00:46:34.920
• when we had C when we had calculated when we had C when we had calculated that<00:48:09.880>
• public assistance this calculation public assistance this calculation doesn't<01:03:42.279> even

Keywords: 1187, senate, all

Transcript Highlights:

• I thought it was interesting.
• It's a great little interesting.
• Um they had a V had a really interesting Um they had a V had a really interesting chart<00:20:24.960
• pension spiking calculation. pension spiking calculation. um<00:27:09.440> those<00:27:10.320
• <00:49:35.839> purposes for retirement calculation purposes for retirement calculation purposes

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

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

Transcript Highlights:

• :13:46.800> working we're absolutely interested in working we're absolutely interested in working
• So, in the interest of time um and Okay.
• about cases they may be interested in. about cases they may be interested in. the<01:14:45.199><
• And so very interested in helping us.
• It'd be interesting to that he maybe It'd be interesting to that he maybe found<01:32:23.199> something

Keywords: 1187, senate, all

Transcript Highlights:

• calculator like we And I thought to myself, what if we had a divorce calculator, like we have a child
• support calculator?
• The child support calculator is already on the court website. It already deals with kids.
• And my brother, you know, the child support calculator, he just went and typed it all up.
• The child support calculator can spit out everything. Both sides can agree.

Bills: HB2311, HB2371, HB2409, HB2410, HB2456, HB2457, HB4005

Keywords: artificial intelligence, disclosure requirements, data privacy, minor protection, online safety, HB2371, Arizona divorce, family law, dissolution of marriage, AI arbitration, AI-assisted arbitration, automated dispute resolution, online arbitration, binding determination, recommendation, superior court appeal, de novo review, marital dissolution, spousal consent, minor children

Summary: The committee met in a special morning session and first heard HB 2371, a pilot proposal to allow consenting divorcing parties without minor children to use AI-assisted arbitration in simple divorce cases. Rep. Martinez described it as a voluntary, fairness-focused tool for people who cannot afford lawyers, with the judge retaining final authority. Members raised concerns about the bill’s binding-language, privacy, and the need for clearer guardrails on assets and support, but the sponsor said amendments were welcome. The committee voted 7-0 to give HB 2371 a do pass recommendation. The committee then took up HB 2311, which requires conversational AI systems to notify minors they are interacting with AI, restrict sexual content, prohibit deceptive human impersonation, and require self-harm response protocols. Google testified in support, saying its Gemini product already uses similar safeguards and that the bill would set an industry-wide floor; a speaker also noted similar measures are being considered in several other states. After adopting a committee amendment clarifying customer-service AI and limiting developer liability, the committee voted 7-0 to recommend HB 2311 do pass as amended. Next, the committee heard HB 2409, creating a voluntary statewide summer AI education program focused on digital hygiene, civic integrity, privacy, media literacy, critical thinking, and algorithmic bias. Supporters argued Arizona needs to prepare residents for AI-driven job disruption and help people use the technology to become more self-sufficient, while opponents objected to the program’s funding and potential unfunded mandate to the education department. The bill passed 4-3. HB 2410, which would treat communications with AI as privileged like communications with human professionals, also passed after testimony from the sponsor and a criminal defense advocate who argued the measure would protect sensitive legal and personal conversations; the vote was 6-0 with one member present. The committee then approved HB 4005, requiring school districts and charter schools to provide instruction on ethical, moral, and educational uses of AI, by a 4-2-1 vote after some members said schools lacked resources and should not be mandated to add curriculum without funding. Finally, the committee considered HB 2456 and HB 2457, both related to small modular nuclear reactors and utility siting/streamlining for energy development tied to large power users. Supporters framed them as necessary for future energy demand, data centers, and economic growth, while opponents raised concerns about local zoning authority and environmental oversight. Both bills were amended and advanced on 4-3 votes, and the meeting adjourned after the final roll calls.

Transcript Highlights:

• They will still get the declining enrollment funding, as you mentioned, which will be calculated once
• They will still get the declining enrollment funding, as you mentioned, which will be calculated once
• We spoke with the local county clerks, and they stated the way things are calculated, the Mountain View
• We value quality vendors, and we believe the use of Tincata Gio is in the best interest of the district
• We value quality vendors, and we believe the use of Tincata Gio is the best interest of the district.

Summary: The Executive Subcommittee met and first considered an emergency rule from the Department of Education amending consolidation and annexation rules to implement Act 919 of 2025 and Act 157 of the 2026 fiscal session. Department staff explained the change was needed to support newly detached isolated school districts while avoiding financial hardship for the parent districts by preserving declining-enrollment funding, local tax revenue, and using existing unused department funds rather than new appropriations. Senator Irvin emphasized the policy background and financial mechanics, and the committee reviewed and approved the emergency rule without objection, effective upon adjournment of the Legislative Council meeting on June 19, 2026. The committee then approved an emergency rule from the Department of Human Services allowing hospitals to open separate adolescent substance use disorder units and receive payment for residential services provided to adolescents. Senator Irvin requested the item be brought to the Public Health committee for an update, and the rule was approved without objection, also effective June 19, 2026. The committee next heard a waiver request from Whitehall for cooperative purchasing over $1 million for construction services tied to a specific vendor and system; the athletic director said the vendor had a strong track record and the project would begin in late August 2026 and finish in November 2026. The waiver was approved on motion. In the director’s report, the committee adopted the same per diem, mileage, and expense allocations for the coming fiscal year, noting committees had not spent their full allocations. It also approved a motion to cancel the July 2026 Legislative Council meeting because of scheduling conflicts, while allowing subcommittees to meet in July only for items with imminent need; any July subcommittee actions will be final and reported to the full council at its August 21, 2026 meeting.

Transcript Highlights:

• Have a controlling interest.
• It just happens to be not in the. interests of the teaching profession or students.
• Yeah I think I think it's a great question and I do see a lot of interest in this topic.
• And that $1 billion is expected to save about $2.7 billion in interest. savings.
• Right, because I'd be interested on saying, I mean, I understand 5%.

Keywords: infrastructure, water supply, flood mitigation, Texas Water Fund, community projects, funding allocations

Summary: During this committee meeting, the focus was on discussing critical infrastructure funding, especially related to water supply and flood mitigation projects. Chairwoman Stepney and the Water Development Board presented extensive details regarding the Texas Water Fund, which included $1 billion appropriated to assist various financial programs and tackle pressing water and wastewater issues. Additionally, funding allocations aimed at compromising the state's flood risk and improving water conservation were hotly debated, emphasizing collaboration among committee members and the necessity of addressing community needs in such projects.

Transcript Highlights:

• It was not calculated properly. A group of us came together and challenged it legally.
• And it was because the fees were not calculated properly. Because that happens a lot.
• It seems like these calculations of impact fees, which have been established or massaged, maybe that's
• Would the state put a cap on the extraordinary circumstance calculation for some period of time?
• The conversation continues, as you can see; this ignited quite a bit of interest.

Summary: The Intergovernmental Affairs Subcommittee met for its first meeting of the 2026 session and took up impact fees, with an opening overview from Eric Poole of the Florida Association of Counties. Poole explained that impact fees are one-time charges on new development used only for new infrastructure capacity, not existing deficiencies or maintenance, and must satisfy the dual rational nexus test. He traced their history in Florida and described how comprehensive plans, concurrency, and later mobility fees relate to local infrastructure funding. He argued that impact fees are restricted, tied to capital improvements, and are one tool for paying for growth. Panelists representing counties, cities, builders, and community developers largely agreed that growth creates real infrastructure costs but differed on how those costs should be allocated. County and city representatives said impact fees are a necessary, targeted way to fund roads, water, sewer, fire, schools, and parks without spreading costs across all taxpayers. They pointed to long periods without fee updates, rising construction costs, and examples of large increases justified by studies. Builder and developer representatives argued that fees are often unpredictable, can be doubled or tripled, and contribute to housing affordability problems; they also said the system can be inconsistent across jurisdictions and may encourage sprawl. Several witnesses emphasized that fees must be transparent, proportional, and tied to actual benefits, and some suggested a statewide framework or mobility-fee model with more consistency and peer review. Members asked about how long local governments can hold fee revenue, whether fees can generate profit, what they can be spent on, and whether they can pay for police stations, fire stations, or other public safety facilities. Witnesses said the funds must be used for capital projects and cannot be used for salaries or unrelated purchases, and that refunds may be required if money is not spent within the local ordinance’s timeframe. The discussion also covered examples of local fee increases, the use of impact fees versus direct construction or “pipelining” of infrastructure, and concerns about level-of-service changes and extraordinary-circumstance increases. No votes were taken; the meeting ended after the panel discussion and member questions, with the chair noting the conversation would continue.

Transcript Highlights:

• Cops have a, it's an interesting job.
• They're thinking in this calculated risk: Do I have a warrant for my arrest?
• They're thinking in this calculated risk: Do I have a warrant for my arrest?
• <00:47:10.119> risk number two part of the calculated risk number two part of the calculated
• Obviously, the defense bar has an interest, and I know law enforcement has an interest as well.

Keywords: 1183, house

Transcript Highlights:

• I could perhaps have teased this out more in a line of questioning, but in the interest of time, it's
• there's never a limit to state agencies who are always interested in more funds.
• It's simply bureaucrats are interested in having a larger cut because they see all the things that they
• It was an act of the state of Oklahoma in furtherance of a compelling state interest that.
• managing and now it's the system that has a mind of its own is moving forward also we have the calculation

Bills: HB3044, HB3465, HB3625, HB3704, HB3759, HB3920, HB3972, HB4191, HB4311, HB4426

Keywords: veterans, tax refund, Oklahoma Department of Veterans Affairs, capital improvement, donations, Oklahoma Emission Reduction, incentive, taxation, environment, revenue, investment, school funds, treasurer, education funding, financial policy, income tax, scholarship, tax credit, Oklahoma Tax Commission, school funding

Transcript Highlights:

• and I I said some of us are interested and I I said some of us are interested in<03:53:14.560>
• So how do you reconcile calculations for a municipality with districts?
• That's all part of the calculation.
• That's all part of the calculation.
• <05:27:01.798> that nothing in that set of calculations that nothing in that set of calculations

Keywords: 928, house, all

Summary: The Education Funding Committee met in executive session and first took up HB 193, which limits the maximum credits per course eligible for the Dual and Concurrent Enrollment Program. Representative Ladd said the bill clarifies that eligible courses may not exceed four credits and was requested by the community college system. Representative Earth offered an amendment to make the bill effective on passage, which the committee adopted 18-0. The committee then approved HB 193 as amended by an 18-0 OTPA vote and placed it on the consent calendar. The committee next retained HB 295, concerning School Building Aid program funds, after Representative Spillsbury said the building aid bills were complex and needed more work. The motion to retain passed 18-0, with the chair explaining that retained bills can be revisited later and that related language could be moved among building aid bills. HB 354 was not acted on because the chair said the Department of Education and others had suggested possible changes that should be worked out first. HB 366, another school building aid bill, was also retained 18-0 for the same reasons as HB 295. The committee then considered HB 494, which funds the math learning communities program. Representative Earth offered an amendment to flat-fund the program, reducing the proposed increase by a net $50,000 and keeping funding at current levels for the biennium. After discussion about budget pressures and the program’s role in supporting math instruction and professional development, the amendment passed 18-0, and the bill as amended was approved 18-0 and placed on consent. Finally, the committee took up HB 515, which would repeal charter public school eligibility for state school building aid. Representative Popovici-Muller moved inexpedient to legislate, arguing charter schools should not be treated differently from other public schools, while Representatives Luno and Damon opposed the motion, saying charter schools differ in governance and financial risk and should not receive limited state building aid. The motion failed 10-8, so HB 515 was sent to the regular calendar. The committee assigned Representative Damon to the minority report and Representative Popovici-Muller to the majority report, with a noon deadline the next day. The committee then began HB 716, an appropriation for the dual and concurrent enrollment program. Representative Ladd described the program as a successful affordability measure that saves families money and supports college access. Representative Earth offered an amendment to flat-fund the program at current levels, reducing the proposed increase by $500,000 in each year of the biennium. Shannon Reed of the Community College System said the change could limit enrollment or the number of funded courses, though students could still take additional courses at their own expense. Representative Ladd explained the program’s tuition structure and said the funding would help meet demand; the transcript cuts off before the final vote on HB 716.

Transcript Highlights:

• It is not a calculator in their retirement.
• It is not a calculator in their retirement.
• duty pay to be included in calculating duty pay to be included in calculating the<03:22:56.600><
• For those two groups, special duty does count toward calculation of their pension.
• This change would not only be fair but also... from the yearly calculation of hours from the yearly calculation

Keywords: 1189, house, all

Summary: The committee first heard House Bill 180, which concerns critical incident stress management teams. Representative Mark PR, the bill sponsor, proposed an amendment to add a definition of “team leader” and to clarify that teams may or may not be affiliated with a municipality. He argued that a certification test offered by the International Critical Incident Stress Foundation is unnecessary and too expensive at $400, since team members are volunteers who already receive training and continuing education. Committee members asked about the training structure and certification language, and the sponsor explained that the teams are self-certified and that the amendment was intended to clean up the bill’s language. The committee then voted on HB 180 in executive session. Amendment 0261H was adopted 11-0, and the bill was then moved as amended and passed 11-0. The committee placed the bill on consent. Later, the committee heard House Bill 438, sponsored by Representative Timothy Horan, dealing with immigration detention and related state policy. Horan described the bill as an update to earlier legislation and said it would codify best practices, prohibit state cooperation with mass deportation efforts, bar for-profit operation of immigration detention facilities, and require Executive Council approval before the governor could deploy the National Guard for immigration deportation activities. Committee members questioned whether the bill could be read as authorizing detention facilities and discussed the relationship between the state and Strafford County Jail. An amendment presented on behalf of Representative Patrick Long was described as a technical rewrite that removed several sections and changed language, but the hearing ended before any vote was taken on HB 438.

Transcript Highlights:

• The legislature in 2023 also enacted a those initial calculations showed that those initial calculations
• <00:45:58.120> direct options of calculating direct options of calculating direct certification
• <00:53:25.960> does modify what the initial calculation does modify what the initial calculation
• :10.440> result Our current funding calculations result Our current funding calculations result
• :21.600> us<01:09:21.799> all really the calculations leave us all really the calculations

Keywords: 1187, senate, all

Transcript Highlights:

• And and and and in the interest<01:21:00.640> of<01:21:00.680> transparency, interest of
• Treasury bond, which tends to be a lower interest rate, okay?
• that are used for retirement calculation that are used for retirement calculation purposes<01:47
• For TRS retirement calculation purposes.
• But on retirement calculation purposes.

Keywords: Meeting Start: 00:00:00 Attendance Roll Call: 00:00:12 Approval of Minutes: 00:01:34 Actuarial Valuation Update – KPPA: 00:02:10 Actuarial Valuation Update – TRS: 00:25:32, 958, all

Summary: The meeting began with roll call, confirmation of a quorum, and approval of the prior minutes. The main presentation was from KPPA officials Ryan Barrow and Erin Saratt on the annual actuarial valuations for the retirement and insurance systems. They said the systems’ funding status improved overall, with three of five insurance funds fully funded, CERS hazardous dropping from over 100% funded to 90.9% because of premium changes, and KRS receiving $650 million in supplemental funding over the biennium. They also reported strong investment returns above assumed rates, higher payroll and membership counts, and resulting actuarial losses tied to higher salaries and premiums, especially on the insurance side. Members asked several questions about what drove the actuarial losses and whether legislation affected them. KPPA said the CERS insurance loss was driven by premium increases and Senate Bill 10, while the pension-side losses were largely due to higher payroll and benefits for Tier 1 and Tier 2 members. They explained that new Tier 3 employees are designed to add no additional unfunded liability, and that the state administers the systems but does not directly control all hiring. Questions also focused on retiree health premiums, which KPPA said rose about 15% for non-Medicare retirees and 38% for Medicare retirees, with the increase attributed to utilization, prescription costs, and the Inflation Reduction Act. The committee then heard from TRS Deputy Executive Secretary and General Counsel Beau Barnes on the 2025 TRS actuarial valuation. He reported that the Retirement Annuity Trust and Health Insurance Trust both received full funding, the retirement trust’s funded ratio improved to 61%, TRS 4 remains well funded with no liability, and the health insurance trust improved to 89.1%. Barnes said TRS is on track to fully fund legacy liabilities within the amortization period, with 2044 as the point when the system reflects 100% funding and 2046 as the last year needing additional dollars for the legacy liability. He also explained that lower assumed investment returns and updated mortality assumptions increased liabilities, but that TRS uses direct rate smoothing for budgeting purposes. At the end of the meeting, the chair circulated a proposed set of “do’s and don’ts of pensions,” emphasizing that future legislation should not create unfunded liabilities. Barnes also noted he would later discuss several legislative proposals for the 2026 session, but the transcript provided ends before that discussion or any votes on those proposals.

Transcript Highlights:

• they're earning some interest. they're earning some interest.
• Uh, I wanted to speak quickly um about the interest and the capital transfers the interest in school
• Well, and realistically it was interesting. There were a lot of... It was interesting.
• <01:42:47.520> Uh about interest. Uh about interest.
• interesting to me. interesting to me.

Keywords: 916, all

Transcript Highlights:

• And there are four calculations, as you know, the school districts go through, and when they come out
• And in calculations currently, whether it's the first calculation, third calculation, or final calculation
• comes out in the quarterly calculation.
• IT'S INTERESTING YOU BRING THIS UP.
• IT'S INTERESTING IN TODAY'S LAW IF YOU SELL OR PROVIDE.

Bills: SJR4, SJR40, SJR81, SCR37, SCR39, SB22, SB32, SB33, SB36, SB38, SB95, SB209, SB249, SB311, SB326, SB365, SB458, SB609, SB660, SB664, SB693, SB732, SB745, SB760, SB762, SB779, SB783, SB785, SB868, SB871, SB883, SB921, SB955, SB993, SB996, SB1008, SB1057, SB1067, SB1151, SB1171, SB1210, SB1255, SB1265, SB1267, SB1271, SB1307, SB1313, SB1316, SB1318, SB1321, SB1332, SB1365, SB1426, SB1470, SB1484, SB1494, SB1559, SB1592, SB1596, SB1598, SB1637, SB1677, SB1706, SB1758, SB1762, SB1786, SB1809, SB1818, SB1822, SB1841, SB1871, SB1967, SB2064, SB2077, SB2112, SB2148, SB2320, SB2406, SB2407, SJR36, SJR81, SJR50, SJR4, SJR40, SJR27, SCR22, SCR12, SCR39, SCR38, SCR37, SB921, SB609, SB660, SB765, SB62, SB666, SB888, SB687, SB847, SB1248, SB504, SB305, SB296, SB284, SB304, SB1023, SB204, SB670, SB850, SB854, SB413, SB1346, SB1033, SB1220, SB1073, SB810, SB1539, SB447, SB1119, SB1505, SB1215, SB1302, SB583, SB673, SB681, SB1172, SB955, SB957, SB541, SB266, SB1415, SB53, SB1352, SB785, SB1450, SB1502, SB1566, SB1062, SB711, SB746, SB1404, SB1448, SB507, SB1026, SB1349, SB1355, SB1433, SB1434, SB1596, SB1403, SB667, SB1059, SB1567, SB310, SB311, SB505, SB1210, SB1470, SB264, SB1358, SB1364, SB1569, SB1376, SB1228, SB519, SB1350, SB462, SB827, SB1585, SB1484, SB1273, SB927, SB1227, SB1229, SB1353, SB1464, SB1709, SB1729, SB1733, SB1744, SB1772, SB1841, SB1008, SB2016, SB1173, SB1163, SB996, SB1370, SB1321, SB1101, SB860, SB993, SB693, SB1537, SB1332, SB1307, SB963, SB493, SB984, SB619, SB1122, SB455, SB522, SB1057, SB1239, SB1254, SB1255, SB1259, SB1341, SB1877, SB1277, SB32, SB732, SB731, SB268, SB1822, SB1589, SB397, SB1058, SB1267, SB2112, SB1930, SB532, SB508, SB292, SB291, SB901, SB1333, SB1436, SB1494, SB964, SB779, SB1378, SB2312, SB1719, SB287, SB2143, SB1245, SB261, SB1247, SB2406, SB2407, SB1882, SB618, SB38, SB393, SB1371, SB1365, SB2243, SB2226, SB2039, SB1919, SB1895, SB1598, SB1493, SB1810, SB1791, SB1706, SB1644, SB1238, SB783, SB458, SB22, SB651, SB897, SB1809, SB1080, SB745, SB826, SB989, SB1320, SB1437, SB2320, SB2289, SB1171, SB664, SB1637, SB2064, SB868, SB1079, SB1243, SB1504, SB1851, SB1879, SB2237, SB1257, SB2034, SB1522, SB883, SB249, SB1318, SB1151, SB596, SB1191, SB226, SB570, SB870, SB991, SB60, SB365, SB1067, SB1786, SB326, SB1401, SB1592, SB1728, SB1265, SB586, SB529, SB217, SB209, SB1923, SB1559, SB1839, SB387, SB1874, SB1872, SB1873, SB1921, SB1883, SB1677, SB95, SB1620, SB1838, SB2024, SB2429, SB1999, SB511, SB2309, SB2166, SB871, SB510, SB33, SB2420, SB1860, SB1541, SB1316, SB1314, SB1313, SB1426, SB1398, SB1869, SB1750, SB1871, SB36, SB855, SB1233, SB760, SB2425, SB2037, SB1758, SB1759, SB2365, SB1924, SB762, SB1271, SB1818, SB605, SB1405, SB1762, SB1968, SB1977, SB2077, SB2148, SB2321, SB1967, SB1662, SB1663, SB2124, SB2204, SB1855, SB863, SB37, SJR39, SCR1, SCR27, SCR32, SCR42, SCR6, SB2232, SB819, SB2078, SB2252, SB1962, SB2253, SB825, SB1577, SB1184, SB2018, SB2206, SB1901, SB1030, SB2368, SB1963, SB1960, SB1643, SB1625, SB1299, SB841, SB668, SB584, SB231, SB2411, SB1085, SB2431, SB2231, SB1490, SB530, SB34, SB1261, SJR81, SB32, SB458, SB664, SB693, SB868, SB1008, SB1267, SB1307, SB1321, SB1484, SB1637, SB1809, SB1822, SB2064, SB2112, SB2320, SB2406, SB2407, SB609, SB660, SB921, SB779, SB1470, SR388, SB3042, SB440, SB2876, SB3042, SB440, SB2876

Keywords: economic stabilization fund, state finance, constitutional amendment, budget management, financial security, emergency powers, legislative authority, governor powers, disaster management, tax exemption, ad valorem, tangible personal property, income production, SCR 37, Senate Concurrent Resolution, Panama Canal, Texas ports, port infrastructure, maritime trade, shipping lanes