Transcript Highlights:

• </c> uh uh you have before you the minutes of uh uh you have before you the minutes of the<00:01:41.240
• Yeah, and then I was also going to update you on the financial disclosure statements that are due each
• come back for whatever reason, all those have financial disclosure statements that are due.
• c> each</c><00:08:52.160><c> year</c><00:08:53.040><c> all</c><00:08:53.320><c> of</c> statements that
• are due each year all of statements that are due each year all of the<00:08:54.480><c> um</c><00:08:

Keywords: 958, all

Summary: The Kentucky Legislative Ethics Commission met on March 17, 2025, approved the January 14 minutes, and received staff reports on budget, compliance, and training. Staff reported the January and February budget reports were within spending parameters and were approved. On reporting compliance, staff said about 15 forms were late in January, generating $750 in fines from late employers and lobbyists, but that all reports ultimately came in and the commission ended the month in full compliance. Staff also noted that all annual financial disclosure statements were filed except one, from former Representative Jacob Justice, who has been sent repeated notices and a certified letter regarding a $100 fine. The commission discussed a potential ethics-related bill for the session. Staff said freshman Representative Kim Holloway of Graves County and part of McCracken County agreed to sponsor the bill, but there was little expectation it could advance this late in the session. Holloway met with staff on March 4 and expressed interest in continuing discussions over the interim so the proposal could be ready for next session. Staff also said the commission is nearly fully compliant with certification requirements for legislators who missed or were late to the January 8 current issues seminar. Training efforts were also reviewed. Staff proposed starting a monthly Zoom training for lobbyists, employers, and others who work with them, beginning on a trial basis after session ends. The first session is planned for April 22 at 2 p.m., with notice to be sent through the newsletter and a special email. Staff said the goal is to help with filing questions, reduce late filings, and improve accuracy. The commission then voted to enter executive session under the cited Kentucky Open Meetings Act provisions to discuss confidential complaints and informal opinions.

Transcript Highlights:

• Such a scenario could negatively impact credit unions' efforts to promote the financial inclusion of
• Many of their statements, which they said they are happy to analyze and share with you all, Many of their
• But the statements for those of us old enough to remember and age ourselves just slightly are like an
• But the statements for those of us old enough to remember and age ourselves just slightly are like an
• Oh, I’m actually responding to all of some of the statements, so bear with me a second. Okay.

Keywords: 995, all

Summary: The commission met for its second hearing to study the future of credit card payments and sales transactions and their impacts on small businesses. Members heard extensive testimony from credit unions, retailers, restaurants, and payment-industry representatives on interchange fees, processing fees, fraud, chargebacks, rewards programs, and the ability of businesses to pass fees on to customers. Several witnesses argued that swipe fees have risen sharply, are especially burdensome for restaurants and other small businesses, and are charged on taxes and tips that are merely pass-through amounts. They urged state action to prohibit fees on tax and tip portions, improve transparency, and allow surcharging or convenience fees, while opponents warned that state regulation could reduce fraud protections, increase compliance costs, and threaten consumer rewards programs. Business owners and trade groups described thin margins, rising costs, and the difficulty of understanding merchant statements or negotiating with processors. Restaurant witnesses said card-not-present and online transactions create the greatest fraud and chargeback risk, with money often removed immediately from merchants’ accounts and disputes rarely resolved in their favor. Retail witnesses gave examples of rising effective rates, higher fees on rewards cards, and the burden of processing fees on low-value transactions. A representative from the Massachusetts Restaurant Association and others said restaurants are effectively paying fees on meals tax and gratuities, which they argued should not be subject to interchange charges. On the other side, the Cooperative Credit Union Association said interchange revenue helps credit unions fund fraud prevention, rapid card replacement, and member protections, and warned that state limits on interchange could weaken those safeguards and lead to higher consumer costs or reduced services. Airlines for America testified that airline credit card rewards are popular, support travel and jobs in Massachusetts, and could be harmed by interchange reform. The National Restaurant Association and a payments-policy attorney countered that interchange fees are set by card networks rather than competitive markets, that banks remain highly profitable even with rewards, and that states can act after recent court decisions. No votes were taken; the hearing consisted of testimony and questions from commissioners.

Transcript Highlights:

• As part of this fiduciary duty, when making any investment decision, we are bound to maximize financial
• the SBA may only consider pecuniary factors and may not subordinate the interests of beneficiaries for
• As part of this fiduciary duty, when making any investment decision, we are bound to maximize financial
• any... only consider pecuniary factors and may not subordinate the interests of beneficiaries for any
• ratings, financial ratings, risk ratings, If you are doing any of these types of controversy ratings,

Summary: The Government Operations Subcommittee met with a quorum and began with member introductions and remarks from the chair emphasizing the committee’s focus on government efficiency, accountability, and oversight of executive branch agencies. Members shared their districts and backgrounds, with several noting hurricane recovery in their communities and a shared interest in reducing bureaucracy and improving service to Floridians. The committee’s only presentation was from Chris Spencer, Executive Director of the State Board of Administration, who gave an overview of the SBA’s governance structure, investment responsibilities, and divestment policies. He explained the SBA’s management of more than $257 billion in assets, including the Florida Retirement System, the Florida Hurricane Catastrophe Fund, and Florida PRIME, and reviewed the Protecting Florida’s Investments Act restrictions covering Northern Ireland, Cuba, Venezuela, Israel, Sudan, Iran, and China. He also described the implementation of HB 7071, including the required divestment from direct holdings in Chinese companies, and said the SBA had reduced its direct Chinese holdings from 33 companies totaling over $172 million to 13 companies totaling about $64 million, with completion expected ahead of the September 1, 2025 deadline. Members asked detailed questions about the Israel boycott list, Morningstar and MSCI, how the SBA gathers information, whether Cuba’s federal designation changes affect Florida law, how companies are removed from scrutinized lists, and whether divestment timing could affect returns. Spencer said the SBA uses public and paid research sources, gives companies a 90-day cure period in some cases, and brings list changes to the trustees for approval. He also explained that the China benchmark change is intended to reduce passive exposure while still allowing active investment decisions, and said the PFIA restrictions have had a modestly positive overall effect on pension performance. The chair also asked about the Florida Retirement System funded ratio and the CAT Fund’s capacity; Spencer said the pension fund is at 80.7% funded, that actuarial assumptions are reviewed regularly, and that the CAT Fund currently has more than $10.5 billion in liquid claims-paying capacity and is expected to remain well positioned for hurricane losses. No votes were taken, and the meeting adjourned after the presentation and questions.

Transcript Highlights:

• So there'll be a transfer that will take place in the month of June based on the financial statement
• So there'll be a transfer that will take place in the month of June based on the financial statement
• On the financial statement through the month of May, that will give us that overage, and that's what
• I'm the Chief Financial Officer for the Department of Public Instruction.
• We also have an interesting dynamic in terms of... Applicants.

Committee: Joint Budget Section

Summary: The Budget Section met to approve prior minutes and receive a series of budget, revenue, and program updates from OMB, the Tax Department, DOT, DMR, and DPI. OMB reported that general fund revenues through May were about $76 million below the legislative forecast, driven mainly by individual income tax and sales tax shortfalls, though the biennium is still projected to end with a positive balance. OMB also reviewed oil price and production assumptions, the budget stabilization fund transfer above its cap, Legacy Fund performance, federal grant applications, fiscal irregularities, tobacco settlement proceeds, budget guidelines for agencies, vacancy savings, and the DAPL settlement, noting that most of the settlement funds had been deposited but a small amount of accrued interest would require a future deficiency request. The committee then considered Emergency Commission requests. It approved requests for Public Service Commission abandoned mine lands federal authority, an Attorney General FTE and related funding for criminal investigator work tied to the Office of Guardianship and Conservatorship, and a DPI transfer for bridge software costs. After discussion, the committee also approved DPI’s request for a $500,000 transfer for the food vendor program, despite questions about the program’s savings and cash-flow structure. Later, the Tax Commissioner presented the primary residence credit program, reporting that current biennium costs are expected to exceed the appropriation by about $22 million and explaining how the credit interacts with homestead and disabled veteran credits and the 3% property tax levy cap. The Legacy and Budget Stabilization Fund Advisory Board reported strong returns for both funds, and DOT sought and received approval for two flexible fund highway projects on ND 49 and ND 31. DOT also updated members on Highway 85 construction and said remaining flex fund dollars were essentially fully allocated. DMR reported on the abandoned well plugging and site reclamation fund, noting North Dakota’s relatively small orphan well inventory, current and projected fund balances, rising remediation costs, and a possible need to adjust the fund cap in future sessions. Finally, DPI outlined the new integrated formula gap funding program, explaining that it compensates school districts that cannot reach the assumed 60-mill local contribution because of the 3% levy cap; the first year’s gap funding totaled about $1.8 million, with future costs expected to grow.

Transcript Highlights:

• responsible type of statement to make.
• responsible type of statement to make.
• in the best interest of the child.
• in the best interest of the child.
• in the best interest of the child.

Keywords: 928, house, all

Summary: The committee first took up HB 112, which would require students in the University and Community College systems to pass the U.S. citizenship civics naturalization test. A motion was made to retain the bill, and the committee voted unanimously to retain it, resulting in no report. HB 510, dealing with due process rights for students, student organizations, and faculty in higher education disciplinary proceedings, was passed over for a later meeting so the University and Community College systems could meet with the committee. The committee then discussed HB 659, creating a college graduate retention incentive program, but retained it without further debate after noting the prime sponsor was unavailable. HB 770, concerning tuition credits for community service, was also held for later in the day because an amendment was expected. The most extensive discussion centered on HB 583, which would have the state participate in Medicaid direct certification for free and reduced-price school meals. Supporters argued it would identify more eligible students, reduce paperwork, improve accuracy in school funding formulas, and bring in additional federal child care scholarship money; opponents argued it would significantly affect school funding calculations and should be delayed. The committee rejected the amendment by a 10-8 vote and then voted 10-8 to retain the bill, with a majority report and minority report to follow. HB 646, requiring school districts to establish an online application for free and reduced-price meal participation, was also debated. One member said many districts already do this voluntarily and that the bill was unnecessary; another proposed an amendment to convert the mandate into a grant program to offset startup costs, but the committee proceeded on the underlying motion and voted 10-8 to retain the bill, with a majority report and a minority OTP report. HB 665, concerning eligibility for the free school meals program, was then retained by an 11-3 vote. Finally, the committee began work on HB 703, which would prohibit school districts from denying meals to students with unpaid balances and appropriate funds for that purpose. An amendment was explained that would remove state payment of district meal debt and instead require district policies against shaming or bullying students and allow voluntary donations to reduce debt. After discussion, a motion was made to ITL the bill, with the sponsor saying constituents opposed subsidizing the program and wanted districts to retain collection tools; further debate was underway when the transcript ended.

Transcript Highlights:

• Some of the reasons why a county would be interested in a **P3** are the financial leverage and the gap
• For those in the rural point of view, I would be particularly interested in any variations of those rules
• Anyway, I'm interested in this financial interest or greater DER deployment.
• I heard, or I listened with great interest about the alignment of interest during the last panel.
• , and others with regard to how we create that alignment of financial interest.

Committee: House State Affairs

Keywords: 1184, house, all

Transcript Highlights:

• Frankly, I think most of the financial institutions are trying to do the right thing.
• Frankly, I think most of the financial institutions are trying to do the right thing.
• Our statements show interest is accruing.
• And so what they're facing now is not a financial crisis of their making.
• scaling back of oversight of financial institutions.

Summary: The Assembly Banking and Finance Committee held an outcomes review of AB 238, the wildfire mortgage forbearance law, focused on how the law has worked for survivors of the Eaton and Palisades fires. Chair Valencia and Assemblymember Harabedian said the hearing was intended to hear directly from survivors, assess whether the law is being implemented as intended, and identify fixes. Several survivors described losing homes, facing long rebuild timelines, and struggling with insurers, housing costs, and mortgage servicers. Many said they encountered confusion, inconsistent information, requests for financial documentation, lump-sum repayment demands, credit reporting problems, or loan modifications that they viewed as undermining the law’s purpose. Some urged clearer consumer education, a consumer bill of rights, and an extension of forbearance relief; one witness specifically advocated for AB 1847 to extend forbearance to 36 months. DFPI Chief Deputy Commissioner Suzanne Martindale said the department had received about 300 wildfire-related consumer complaints, mostly about mortgage forbearance, and that more than 91% had been resolved in the consumer’s favor. She said the department works with both state-licensed and federally regulated institutions, but its authority is limited when national banks are involved, so it often uses outreach and direct contact with lenders and federal partners to resolve complaints. She also described recurring complaint themes such as difficulty obtaining forbearance, customer-service breakdowns, withholding of insurance funds, and non-interest-bearing impound accounts. Committee members pressed DFPI on which institutions were noncompliant, what enforcement tools were available, and how much data the state could collect and make public. Representatives of the California Bankers Association and California Mortgage Bankers Association said lenders had provided early disaster relief and were working to comply with AB 238, but emphasized that mortgage servicing is constrained by federal law, investor requirements, and secondary-market guidelines. They argued that forbearance is temporary relief, not forgiveness, and warned that extending it without a clear repayment path can create future payment shock or larger debt burdens. They also said many servicers use disaster protocols tied to federal declarations and that clearer communication is needed. In response to committee concerns, the mortgage bankers said they would continue working with the Legislature and federal agencies, but could not promise changes beyond investor and agency rules. No votes or formal committee actions were taken during the hearing.

Transcript Highlights:

• </c> actual or perceived conflicts of actual or perceived conflicts of interest<00:09:39.360><c> they
• They audit the state's financial statements and conduct performance audits, kind of control compliance
• </c><00:11:59.600><c> statements</c><00:12:00.480><c> and</c> state's fin financial statements and state's
• the financial statement audits.
• </c><01:31:05.000><c> interest</c> um it's certainly um an area of interest um it's certainly um an area

Committee: Senate State and Local Government

Keywords: 1187, senate, all

Transcript Highlights:

• And, you know, it's interesting. There's a lot of circumstances that come up.
• of purpose of that, it said, it's designed The reason they passed in the statement of purpose of that
• That was the statement of purpose at that time, and that's the statement of purpose now.
• countless hours and contribute a significant amount of financial support.
• countless hours and contribute a significant amount of financial support.

Summary: The Senate Local Government and Taxation Committee heard House Bill 823, which would preserve county fair boards as governing boards in counties that reach a population threshold, while grandfathering Ada and Canyon counties under their current arrangements. Representative Dygert and several supporters, including fair board members, the Idaho Farm Bureau, and others tied to fairs and 4-H/FFA, argued that governing fair boards help protect agricultural heritage, youth programs, and local expertise, and that the bill would maintain the status quo for counties that currently use governing boards. The Idaho Association of Counties opposed the bill, saying counties should retain flexibility to choose advisory boards and that the 200,000-population cutoff was arbitrary and could create future inconsistency. After debate, the committee first failed a substitute motion to send the bill to the floor with a due pass recommendation, then voted to hold House Bill 823 in committee. The committee then took up House Bill 843, which would eliminate proration of the homeowners exemption and align the statute with prior legislative intent and court rulings. Representative Manwaring explained that the bill would ensure taxpayers receive the exemption for the full year if they qualify at any point during the year, removing proration language that had led to disputes. With no questions or opposition raised, the committee moved House Bill 843 to the floor with a due pass recommendation. The meeting then adjourned.

Transcript Highlights:

• We also know that some of these hospitals had very high interest debt.
• We also know that some of these hospitals had very high interest debt.
• I am joined by Jim Watkins, Covered California's chief financial officer and director of our Financial
• I am joined by Jim Watkins, Cover California's chief financial officer and director of our financial
• And as an independent public entity, Covered California prepares a comprehensive set of financial statements

Keywords: 988, house, all

Transcript Highlights:

• Crypto, as we know, will continue to grow into a major part of the financial system.
• Some comments on federal oversight: the regulation of financial services is quickly changing.
• One of the most critical aspects of AB 232 is the focus on financial resilience.
• This kind of long-term relief is necessary to prevent thousands of families from falling into financial
• activities to obtain a license from the Department of Financial Protection and Innovation.

Committee: House Banking and Finance

Keywords: 988, house, all

Transcript Highlights:

• So there'll be a transfer that will take place in the month of June based on the financial statement
• There's a principal amount of about $13.4 million, and there's accrued interest.
• This was based on a rough interest calculation through the end of September 2025.
• before June 30, it's going to add a little bit of interest, like another $30,000.
• I'm the Chief Financial Officer for the Department of Public Instruction.

Committee: Joint Budget Section

Keywords: 908, all

Transcript Highlights:

• Without a financial interest, there can be no conflict of interest.
• Without a financial interest, there can be no conflict of interest.
• gap, not because of any financial conflict of interest.
• There is financial conflict of interest.
• And none of that financial interest.

Committee: Senate Rules and Administration - Subcommittee on Ethical Conduct

Keywords: 1187, senate, all

Transcript Highlights:

• Notably, the statement purpose of House Bill 745 suggests a financial benefit to taxpayers, when in fact
• Notably, the statement purpose of House Bill 745 suggests a financial benefit to taxpayers, when in fact
• thereto a concise statement of purpose and fiscal note.
• And then it says any member of either House may debate the sufficiency of a statement of purpose or fiscal
• note at the time of consideration of the bill. ...debate the sufficiency of a statement of purpose or

Committee: House Commerce and Human Resources

Keywords: 989, all

Transcript Highlights:

• You know, both of those pass, we'll work through the financials of it.
• You know, both of those pass will work through the financials of it.
• Both of those fail will Both of those pass, we'll work through the financials of it.
• There is certainly interest in all of them.
• There is certainly interest in all of them.

Keywords: 965, house, all

Summary: The committee first took up the fiscal status statement, certification of the state surplus, and the five-year baseline budget. Officials from the Office of Planning and Budget and the Division of Administration said the January fiscal status statement had no changes, and the commissioner certified a surplus of $577,073,871. They also reviewed the baseline outlook, noting projected imbalances in later years driven by declining revenue, including the redirection of motor vehicle sales tax, and rising costs such as inflation and Medicaid-related expenses. The fiscal status statement was approved without objection. The governor’s executive budget was then presented as a third consecutive standstill budget, with administration officials emphasizing efficiency savings, no reduction in services, and no reduction in state workforce. They said the budget relies on prior savings efforts and incorporates agency-level cuts and reorganization, while also addressing higher costs in corrections, DCFS, and health care. Major items highlighted included funding for LA GATOR, the high-impact jobs program, DCFS modernization, corrections population and overtime needs, nursing home and managed care adjustments at LDH, and additional support for the MJ Foster Scholarship Program. Members asked about the impact of inflation, the use of federal versus state funds, the future of voucher and GATOR funding, and whether more support should go to DCFS and the Hero Fund. The committee also received the calculation of the FY27 expenditure limit, set at $20.1 billion, and the annual comprehensive financial report for FY2025, which received a clean audit opinion. Members approved a BA-7 increasing federal funds for an executive office transportation grant, approved additions to the Act 751 higher education deferred maintenance project list and a Baton Rouge Community College project combination, and approved contract amendments for CPRA with Coastal Estuary Services and Access Sciences. The committee also corrected a legislative intent item naming the New Orleans Recreational Development Foundation. Finally, the judiciary presented a weighted caseload study for district and appellate courts, explaining it as an updated tool to assess judicial workload and potential judgeship needs; members discussed its limits, the role of specialty courts and commissioners, and the need for further legislative-judicial collaboration before any changes are made.

Transcript Highlights:

• When interest rates are low, banks don't make a lot of money, and when you are relying on interest income
• You do not make a lot of interest on your checking account, you do not make, but you pay a lot of interest
• "Banks supporting legal aid is through your normal course of business of paying interest on accounts.
• And currently now, because of this such high interest rate, many of the banks that are offering IOTA
• So I guess the thought was we should fund it instead of them being able to take advantage of these interest

Committee: Senate Judiciary

Summary: The Judiciary Committee met with a quorum present and considered several bills. SB 106 on exploitation of vulnerable adults would allow service of process on scammers through the same nontraditional communication methods they use; it passed 8-0. CS/SB 280 on candidate qualification would create an enforceable party-affiliation requirement and a private right of action to disqualify noncompliant candidates; it passed unanimously. CS/SB 948 on flood disclosures was amended to extend disclosure requirements to residential leases, condo developer leases, and mobile homes, with tenant remedies if disclosures are not provided and flooding causes major losses; it passed 8-0. The committee also advanced CS/SB 498 on IOTA interest rates after a lengthy debate over legal aid funding and bank regulation. Supporters argued the bill would restore sustainability and fairness to the program by setting alternative interest-rate benchmarks, while opponents said it would cut funding for civil legal aid and that banks participate voluntarily. After testimony from legal aid leaders and bankers, the bill passed 7-2. SB 774, requiring clerks to electronically transmit certain mental health, substance abuse, and risk protection orders to sheriffs within six hours, was presented in response to a fatal Volusia County incident and passed 11-0. CS/SB 752 on defamation and online publication was amended to require removal from a website rather than the internet, then passed 8-2 after testimony from the media, a private attorney, and supporters who said it would help people harmed by false online reports. The committee also heard SB 832 on former phosphate mining lands, which would create a narrow defense against strict liability claims if notice and gamma radiation survey requirements are met. The bill was amended to clarify notice provisions and received support from industry and technical witnesses describing radiation surveys and reclamation practices. The transcript cuts off before the final vote on SB 832, so no committee action on that bill is shown in the excerpt.

Transcript Highlights:

• I'll touch on three of these bills here, starting with H-22, an act providing for statement of financial
• H-22, an act providing for statement of financial interest flexibility, was engrossed by the House last
• The statements of financial interest we are speaking of in this bill are not those filed by Retirement
• of the actuarial assumed interest rate.
• One-half of the actuarial assumed interest rate.

Committee: Joint Joint Committee on Public Service

Keywords: 995, all

Summary: The committee heard testimony on several public service and retirement-related bills. Senator Kelly Dooner and Rep. O’Rourke supported a Taunton home rule petition to extend Chief Walsh’s service during the city’s transition to a new public safety facility, citing the need to manage new equipment, cameras, and 911 systems smoothly. Senator Lovely testified in favor of bills expanding retirement savings access through the SMART Plan and the CORE Plan, arguing that automatic enrollment and broader eligibility would help state, municipal, and nonprofit workers save for retirement. No questions were raised on the Taunton petition, and the hearing later moved through the remaining testimony without any votes taken during the transcript. Mary Waldron of the Old Colony Planning Council and Jeffrey Walker of the Southeast Regional Planning and Economic Development District urged support for legislation protecting regional planning agencies from being required to make retroactive payments to the State Retirement Board for past employer contributions. They warned that the costs would be unsustainable, could force layoffs or closures, and would jeopardize their ability to provide transportation, housing, economic development, and planning services. Bill Keith and Patrick Charles of PEREC testified on several retirement administration bills, including measures to ease statement-of-financial-interest filing rules, require payment for certain creditable service purchases, and clarify the definition of wages to include sick, vacation, and personal time; committee members asked questions about regional transit authorities joining retirement systems and about adding local retirement board representation to a proposed commission. Jonathan Osimo and Rob Fabino of the Massachusetts Teachers Retirement System supported bills to penalize delinquent pension reporting by employers and to create a special commission to study retirement credit purchases, saying better reporting would improve retirement processing and that a broader review could improve fairness and sustainability. Eddie Boynton of the Braintree Education Association backed the SMART Plan bill, describing how automatic enrollment and low-fee fiduciary oversight could protect educators from high-cost supplemental retirement products. Matthew Nugent testified for a bill to divest public pension funds from firearms and ammunition. After the final witnesses, the chairs asked if anyone else wished to testify, heard none, and then adjourned the hearing.

Transcript Highlights:

• of its financial statements completion of its financial statements and<01:15:23.280><c> helped</c><01
• as a byproduct of our audit of the financial statements.
• Thank you. audit of the financial statements. That audit of the financial statements.
• The financial statements begin on page 46 of the lottery report.
• of our audit of the financial statements.

Keywords: 1189, house, all

Summary: The Fiscal Committee met on January 23, 2026, approved the December 19, 2025 minutes, and adopted the remaining items on the consent calendar after noting several withdrawals. The committee then took up Department of Safety item FIS 26007, which involved Homeland Security/FEMA grant funding for equipment and UAS-related activities. Senators asked whether any of the funding would support federal civil immigration enforcement or shared operations with federal agencies, and about privacy protections for drone data. The department said the grant is governed by federal parameters, that the state uses the remaining 20 percent after federally directed uses, and that privacy law in this area is evolving. The item was adopted on an 8-2 vote. The committee next considered Department of Environmental Services item 26003, which had been withdrawn by the Senate. A senator said concerns about using the funds for a different project had been resolved after speaking with the commissioner, and the item was adopted without further debate. The committee then moved to Department of Health and Human Services item 260005, a request for about $700,000 in remaining ARPA-related funds for the Hampstead children’s facility project. Commissioners explained that the project had been funded in stages because the original appropriation was based on estimates and bid assumptions, and that the remaining money would cover alternates and finish the project without using general funds. Senators raised concerns about repeated requests for additional money, the adequacy of security, site-selection costs, and why the project had not been fully funded at the outset. The department said the project had been intentionally structured to proceed in phases and that required security would be provided.

Transcript Highlights:

• We will be following up with DES as part of that process already, as part of the financial statement
• It takes us about a year to conduct the audit of both the financial statements and the single audit.
• It takes us about a year to conduct the audit of both the financial statements and the single audit.
• of interest, weak safeguards against fraud.
• Our board policy, for example, regarding conflict of interest, which was one of the top ones at the beginning

Committee: Joint Joint Legislative Audit Committee

Keywords: 1182, all

Transcript Highlights:

• on</c><00:56:05.440><c> the</c> financial impact of government on the financial impact of government
• If you look at the statements of non-discrimination of many of the private schools in the EFA program
• , the standard statement of non-discrimination, they have lifted the word disability out of those statements
• </c><01:33:31.520><c> of</c> you look at the statements of you look at the statements of non-discrimination
• > are</c><01:33:41.760><c> preserving</c> of those statements they are preserving of those statements

Committee: Senate Education Finance

Keywords: 1191, senate, all