Transcript Highlights:

• I spent last Monday with SBI and want to kind of go over some of those concerns that I heard in 2022.
• I went through three different secure doors within the SBI, which is separated from the other offices
• They purchased the equipment and established procedures within the SBI, which this body had asked for
• We have many more state-level agencies than we do federal agencies, and we felt that SBI was capable
• I had that same question last week with SBI, and they will be sworn in.

Keywords: 1136, house, all

Transcript Highlights:

• The SBI is responsible for the investment management of that fund, and for ensuring that the correct
• The SBI is responsible for the investment management of that fund, and for ensuring that the correct
• The SBI is responsible for the investment management of that fund, and for ensuring that the correct
• in the state constitution, it's very difficult to adapt to changing circumstances and to allow the SBI
• The task force also engaged in some analysis supported by SBI staff examining the potential effect of

Bills: HF3900, HF1849

Keywords: permanent school fund, school endowment fund, Minnesota constitutional amendment, school aid, public school funding, State Board of Investment, investment income, distributable amount, school districts, property taxes, income taxes, voter approval, ballot question, constitutional amendment 2026, education finance, fund perpetuity, purchasing power, trust lands, swamp lands, internal improvement land fund

Transcript Highlights:

• This is an SBI request bill, and this will raise their fees on background checks.
• Follow up, so let's say it's SBI requests the background check. Would they pay the fee?

Bills: SB1192, SB1264, SB1284, SB1810, SB1921

Keywords: substance abuse, counseling, assessment fees, mental health, alcohol and drug programs, domestic violence, domestic abuse, assault and battery, assault, battery, strangulation, dangerous weapon, family or household member, intimate partner, pregnant woman, great bodily injury, batterers intervention program, batterers' intervention, anger management, victim safety

Transcript Highlights:

• Currently, statutory provisions 11A04 and 11A07 give the Board of the SBI broad authority to recover
• is the bill that we have, and I think that we certainly wanted to make sure that we jotted down the SBI

Bills: HF2783

Keywords: state government finance, biennial budget, appropriations, Minnesota Management and Budget, Healthy Aging Subcabinet, Office of Healthy Aging, older adults, aging policy, long-term care, caregivers, public health, Medicaid fraud, medical assistance fraud, attorney general subpoena power, fraud enforcement, business filing fraud, Secretary of State, deceptive mailings, consumer protection, certified public accountant

Transcript Highlights:

• requirements relating to the forfeiture of CSF monies if the waiver does not exceed one year, and the SBI
• requirements relating to the forfeiture of CSF monies if the waiver does not exceed one year, and the SBI

Bills: HB2035, HB2041, HB2611, HB2860, HB4004, HB4049, SCR1032

Keywords: kinship care, child welfare, foster care, relative placement, child protection, child neglect, financial resources, behavioral health, Christian Science treatment, parental rights, group homes, children's rights, safety protocols, employee training, mental health, child safety, oversight, independent committee, transparency, accountability

Summary: The Senate Committee on Government considered only SCR 1032, along with a strike-everything amendment. The amendment would require school districts, subject to voter approval, to dedicate at least 60% of operational spending to teacher pay, with a phased-in increase starting in FY 2028 for districts below that threshold. It also would penalize noncompliant districts by requiring unexpended Classroom Site Fund monies to revert, making districts ineligible for those funds until back in compliance, and directing JLBC to exclude those districts from per-pupil calculations. The Superintendent of Public Instruction could grant limited waivers of the forfeiture provisions for up to one year, not more than two consecutive years for the same district. Supporters, including representatives of Heritage Action, the Goldwater Institute, and the Center for Arizona Policy, argued that Arizona has increased school funding substantially while teacher pay has remained flat in real terms, and said the measure would improve accountability and ensure more money reaches teachers rather than district administration. They cited Auditor General findings and prior voter-approved efforts such as the Classroom Site Fund and teacher pay initiatives as evidence that districts have not prioritized classroom spending as intended. A rural school coalition testified in opposition, saying the proposal would be difficult for small districts to meet because it could force cuts to other essential costs such as fuel, insurance, facilities, and other operating needs, and that the Auditor General’s classroom-spending categories may not accurately reflect actual teacher pay. One committee member also raised concerns that the measure could harm special education and other legally required student services. During discussion, the sponsor said charter schools were excluded because they are private businesses under the state’s framework, despite receiving public funds. The committee adopted the strike-everything amendment and then voted 4-3 to give SCR 1032, as amended, a do pass recommendation.

Transcript Highlights:

• Currently, statutory provisions 11A.04 and 11A.07 give the board of the SBI broad authority to recover
• we jotted down wanted to make sure that we jotted down uh<00:32:41.679> the<00:32:41.960> SBI
• 43.679> that<00:32:43.840> we<00:32:44.000> still<00:32:44.159> have uh the SBI
• notes uh that we still have uh the SBI notes uh that we still have the<00:32:44.399> ability<

Bills: HF2783

Keywords: state government finance, biennial budget, appropriations, Minnesota Management and Budget, Healthy Aging Subcabinet, Office of Healthy Aging, older adults, aging policy, long-term care, caregivers, public health, Medicaid fraud, medical assistance fraud, attorney general subpoena power, fraud enforcement, business filing fraud, Secretary of State, deceptive mailings, consumer protection, certified public accountant

Transcript Highlights:

• And finally, um, assigning these investigations, uh, to Aaliyah and to the SBI would, uh, expose our
• core public safety functions that we have at Aaliyah, with, uh, highway patrol, driver license, and SBI
• And finally, um, assigning these investigations, uh, to Aaliyah and to the SBI would, uh, expose our
• core public safety functions that we have at Aaliyah, with, uh, highway patrol, driver license, and SBI
• core public safety functions that we have at Aaliyah, with, uh, highway patrol, driver license, and SBI

Bills: HB426, SB24, SB106, SB254, HB505, HB458, HB535, HB509, HB320, HB518, HB261, HB426, SB24, SB106, SB254, HB505, HB458, HB535, HB509, HB320, HB518, HB261, SB316, HB228, SB318, SB260, HB132, HB347, HB405, HB86, HB263, HB302, SB336

Keywords: Alabama Ad Valorem Advisory Committee, ad valorem taxes, property tax, real property, personal property, tax assessment, tax collection, county tax officials, Department of Revenue, Commissioner of Revenue, taxpayer representation, resident taxpayers, local government, property tax administration, Association of Alabama Tax Administrators, tax policy, advisory committee, public input, governance reform, body-worn camera

Transcript Highlights:

• Just issues that the pension systems, the commission, and the SBI should be discussing.
• :42.880> the pension systems, the commission and the pension systems, the commission and the SBI
• SBI should be discussing. SBI should be discussing.
• So uh versus at the SBI<01:01:06.480> you're<01:01:06.640> able<01:01:06.720> to
• you're able to put in a redemption SBI you're able to put in a redemption notice<01:01:07.839> and

Keywords: 1187, senate, all

Transcript Highlights:

• had a conversation with a House member after they had heard this bill in the House, and they went to SBI
• The market value of the fund right now is at 2.3, and from what I understand SBI is comfortable with
• The market value of the fund right now is at 2.3, and from what I understand SBI is comfortable with
• ><01:33:01.240> what<01:33:01.400> I<01:33:01.480> understand<01:33:02.600> SBI
• <01:33:03.200> is and from what I understand SBI is and from what I understand SBI is comfortable

Keywords: 1187, senate, all

Transcript Highlights:

• make a recommendation on the proper use of the money in the PAS cleanup account in a report to the SBI
• c><00:03:09.120> recommend<00:03:09.440> to<00:03:09.599> the<00:03:09.840> SBI
• <00:03:10.480> the develop and recommend to the SBI the develop and recommend to the SBI the
• a<00:04:06.560> report<00:04:06.799> to<00:04:06.959> the<00:04:07.319> SBI
• <00:04:08.319> The account in a report to the SBI. The account in a report to the SBI.

Keywords: 1187, senate, all

Transcript Highlights:

• It's an SBI that an educational piece would be very important to be proactive and educate not just seniors
• we're clear, I'm talking about education, educating the public, not just educating the part of the SBI

Bills: SB1936, SB1612, SB1543, SB1260, SB1988, SB1859, SB2041, SB1257, HB4272, HB3277, HB3148, HB3651, HB3323, HB4287, HB4105, HB3304, HB3345

Keywords: forfeiture, criminal offenses, law enforcement, Class D1 offenses, property seizure, SB1612, mandatory reporting, violent injury reporting, gunshot wound, stab wound, poisoning, burn injury, explosive injury, medical reporting, healthcare providers, law enforcement notification, evidence preservation, patient video records, confidentiality waiver, misdemeanor penalty

Transcript Highlights:

• And there that's through shared sacrifice, and that's through diligent work of the SBI.
• And that's through shared sacrifice, and that's through diligent work of the SBI.
• And that's through shared sacrifice, and that's through diligent work of the SBI.
• And that's through shared sacrifice, and that's through diligent work of the SBI.
• And that's through shared sacrifice, and that's through diligent work of the SBI.

Keywords: 1187, senate, all

Transcript Highlights:

• And I know we had conversations around SVF and, uh, you know, having dollars be invested by SBI.
• And I know we had conversations around SVF and, uh, you know, having dollars be invested by SBI.
• <01:52:07.400> be<01:52:07.480> invested<01:52:07.880> by<01:52:08.000> SBI
• know, having dollars be invested by SBI. know, having dollars be invested by SBI.
• 01:52:23.160> can<01:52:23.440> have<01:52:23.680> some<01:52:23.800> of SBI

Keywords: 918, senate, all

Summary: The Legislative Commission on Pensions and Retirement met on April 14, 2026, adopted the April 7 minutes, and then took up Senate File 4464, which the chair said would be laid over after hearing testimony. The bill would restore continued health insurance coverage for police officers and firefighters in the PERA Police and Fire Fund who suffer documented physical duty-related injuries, addressing the current 5-year cap and the loss of coverage at normal retirement eligibility. Senator Hal Hoffman and Senator Hoffman’s testimony emphasized that the bill is a narrow fix for injured public safety workers and not a broader restructuring of retirement benefits. Supporters, including Mike Ladue of Law Enforcement Labor Services, several injured officers, Sheriff Ryan Kruger, and Amber Waldner, described the personal and family impacts of severe line-of-duty injuries and argued that coverage should continue to age 65 so families are not left with uncertainty if injuries worsen or force medical retirement. They said the bill would honor the promise made to public safety workers and provide stability for long-term care needs. One witness, Officer Albert, said the 2025 changes significantly reduced the protection he believed he and his family would have if his injury forced retirement. Anne Finn of the League of Minnesota Cities opposed the bill as drafted, warning that restoring coverage to age 65 for all physical injuries would be fiscally unsustainable without additional state funding. She said the 2025 pension changes were part of a negotiated package, noted that duty disability retirements are common, and argued the employer cost could reach about $500,000 per employee and create significant property tax pressure, especially for smaller communities. She urged the committee to work on a broader solution and said revisiting only one part of the 2025 law would create imbalance.

Transcript Highlights:

• For years, the General Fund or the SBI has received a General Fund appropriation to do this and then
• General<00:57:07.440> Fund<00:57:07.680> or<00:57:07.760> the<00:57:07.880> SBI
• 00:57:08.320> has<00:57:08.640> has<00:57:08.800> received General Fund or the SBI
• has has received General Fund or the SBI has has received a<00:57:09.160> General<00:57:09.480

Keywords: 1187, senate, all

Transcript Highlights:

• I am Jud Hinkle, CEO of SBI.
• I am the Chief Operating Officer of Smith-Magley Incorporated, SBI, operating as Cellular One.

Transcript Highlights:

• And then another example is the Investment Board, State Board of Investment, or SBI, which, um, there
• And then another example is the Investment Board, State Board of Investment, or SBI, where expenses are
• And then another example is the Investment Board, State Board of Investment, or SBI, where expenses are
• And then another example is the Investment Board, State Board of Investment, or SBI, where expenses are
• The State Board of Investment, or SBI, where expenses are assessed against the various funds that they

Keywords: 1183, house

Summary: The committee met on January 16, 2025, for an organizational and informational session. Members and staff introduced themselves, and Chair Jim Nash reviewed committee expectations, including that nonpartisan staff are to be used for factual information rather than political arguments. He also noted the committee rules were a blend of prior chairs’ rules and would be posted without a vote. Helen Roberts of House Fiscal gave a high-level overview of the committee’s jurisdiction and budget structure. She explained that the State Government Finance Committee oversees funding for major administrative agencies, the legislature, constitutional offices, and several boards, councils, and commissions. She emphasized that the committee’s general fund base for fiscal years 2026-27 is about $1.31 billion, less than 2% of the state general fund, and that the largest pieces are the Department of Revenue, the legislature, and pension aids. She also described how all-funds presentations differ from general fund views, highlighting internal service funds such as Minnesota IT Services, Department of Administration services, and other chargeback or reimbursement arrangements. Members asked questions about House and Senate budgets, debt service related to the Capitol Area building project and move costs, and how Minnesota IT Services is funded through fee-for-service chargebacks. Colby Sullivan of House Research then summarized a memo in the packet that outlines the entities within the committee’s jurisdiction and the constitutional and statutory provisions governing them. He pointed members to the memo as a reference and noted that the committee also has jurisdiction over the Legislative Coordinating Commission, the legislative auditor, the legislative reference library, the reviser of statutes, the Secretary of State’s budget and certain duties, and three gambling-related agencies, though gambling policy itself is generally handled by another committee. He offered to help members with bill drafting and amendments and to provide a linked electronic version of the memo. The Office of the Legislative Auditor then began an overview of its work. Legislative Auditor Judy Randall explained that the office is nonpartisan, serves all 201 legislators, and provides oversight through financial audits, program evaluations, and special reviews focused on state funds. She distinguished the Legislative Auditor from the State Auditor, noting that the State Auditor is an elected constitutional officer who focuses on county and local government funds. Randall said the office would also present a deep dive into its November performance audit of the Minnesota State Lottery. No votes or formal actions were taken during the meeting.

Transcript Highlights:

• It's creating quite a bit of accounting issue for the SBIs to account for this.
• issue<00:51:24.000> for<00:51:24.160> the<00:51:24.880> the<00:51:25.040> SBIS
• <00:51:25.599> to of accounting issue for the the SBIS to of accounting issue for the the
• SBIS to account<00:51:25.920> for<00:51:26.160> this.

Bills: SF0021, SF0022, SF0054, SF0055

Keywords: stable token, liquidity, trust account, Wyoming, fund distribution, financial regulation, state commission, decentralized, nonprofit association, merger, conversion, liability, membership, governance, indemnification, banking regulation, special purpose depository institution, conversion process, Wyoming state laws, financial services

Transcript Highlights:

• It's going to be a great addition to the SBI commission.

Bills: HB3045

Keywords: accident response, motor vehicle, law enforcement, fire department, fee prohibition, 914, all

Transcript Highlights:

• So, hopefully we could have that done within several weeks after an SBI getting the charter approved.
• If one of these were to fail, we have other mechanisms in place already where the bank, the SBI, has
• Um, this will be the SBI is paying for it themselves. Um, and we'll establish that in the rule.

Bills: HB0116, HB0056

Keywords: water rights, beneficial use, industrial production, hydrogen, applications, public welfare, carbon capture, energy standards, public utilities, environmental regulation, state law, 916, all

Transcript Highlights:

• The SBI file is only copies of reports from reporting agencies. That's where it goes.

Bills: HR1055, SB2170, SB1833, SB1198, HR1056, SB1730, SB563, SB1379, SB1645, SB2155, SB1280, SB1455, SB1456, SB1461, SB1457, SB1463, SB1465, SB1466, SB1344, SB1309, HR1054, SB2159, SB1948, HB1371, SB1365, SB1976, SB1975, SB2026, SB1565, SB1621, SB237, SB933, SB1427, SB1642, SB171, SB1873, SB2067, SB1623, SB1771, SB1805, SB1826, SB2072, SB444, SB2184, SB1966, SB1812, SB2117, SB2135, SB330, SB1239, SB1428, SB1531, SB1484, SB1405, SB3

Keywords: Oklahoma Agriculture Day, agriculture, farmers, ranchers, agribusiness, food production, wheat, cattle, beef, dairy, soybeans, cotton, poultry, pork, rye, rural economy, urban-rural, trade, commodity production, Oklahoma Department of Agriculture