Transcript Highlights:

• that department.
• Department of Justice.
• And whatever Congress decides, I imagine they would use something like the Department of the Treasury
• Department of Education.
• Department of Treasury? Representative Carver: Yes. Okay.

Bills: HR115 , HR116 , HR117 , HR118 , HR112 , HR113 , HR114 , HCR51 , HCR52 , SCR18 , SCR20 , SB14 , SB76 , SB118 , SB142 , SB156 , SB170 , SB197 , SB234 , SB258 , SB287 , SB288 , SB313 , SB315 , SB393 , SB396 , SB426 , SB427 , HCR7 , HB76 , HB84 , HB132 , HB181 , HB210 , HB250 , HB265 , HB275 , HB291 , HB322 , HB342 , HB457 , HB475 , HB477 , HB486 , HB616 , HB635 , HB639 , HB690 , HB740 , HB757 , HB761 , HB766 , HB774 , HB808 , HB855 , HB866 , HB872 , HB883 , HB886 , HB903 , HB949 , HB962 , HB996 , HB1003 , HB1036 , HB1054 , HB1071 , HB1076 , HB1078 , HB1113 , HB1132 , HB1146 , HB1232 , HB1233 , HR15 , HR20 , HCR14 , HCR6 , HCR19 , HCR10 , HR74 , HCR26 , HCR35 , HB98 , HB108 , HB131 , HB151 , HB161 , HB288 , HB294 , HB305 , HB310 , HB320 , HB336 , HB380 , HB392 , HB403 , HB420 , HB459 , HB476 , HB540 , HB615 , HB631 , HB637 , HB648 , HB665 , HB682 , HB789 , HB813 , HB815 , HB835 , HB870 , HB905 , HB915 , HB933 , HB938 , HB987 , HB1040 , HB51 , HB82 , HB143 , HB145 , HB160 , HB180 , HB192 , HB393 , HB430 , HB445 , HB506 , HB515 , HB521 , HB565 , HB590 , HB614 , HB638 , HB670 , HB672 , HB685 , HB692 , HB752 , HB773 , HB781 , HB799 , HB860 , HB874 , HB887 , HB917 , HB937 , HB956 , HB965 , HB972 , HB977 , HB982 , HB1006 , HB1010 , HB1044 , HB1072 , HB1088 , HB1179 , HB1200 , HB81 , HB400 , HB154 , HB410 , HB463 , HB827 , HB868 , HB952 , HB953 , HB140 , HB750 , HB911 , HB52 , HB961 , HB399 , HB401 , HB901 , HB9 , HB58 , HB193 , HB284 , HB570 , HB577 , HB582 , HB605 , HB733

Summary: The House convened with a quorum, opened with prayer by guest minister Reginald Tate, and adopted the journal and several leave requests. The chamber received Senate messages, including concurrence in HCR 44 and Senate adoption of SCRs 19 and 26, and referred a number of Senate resolutions and bills to committee. It also reported and adopted several House resolutions honoring individuals, schools, and organizations, including H.R. 112, 113, 114, and 52, and referred HCR 51 to Appropriations for a study of assessor and clerk compensation. The House then processed many bills on second and third reading, with numerous measures reported favorably or amended and advanced without objection. Topics included criminal justice and public safety (including hit-and-run as a crime of violence, video voyeurism, intentional exposure to HIV, bail conditions for human trafficking defendants, and post-conviction custody rules), health and insurance matters (AI disclosure in health care, hearing aid coverage, anti-cancer medication parity, pharmacy benefit managers, Medicaid/SNAP integrity, and rare cancer treatments), education and governance (special education due process, school funding, campaign finance, public records, and legislative website transparency), and natural resources and transportation items. Several bills were substituted or renumbered, and many were engrossed and passed to third reading. Two floor debates drew extended discussion. HCR 15, urging Congress to pass the SAVE Act and require voter identification in federal elections, passed 65-32 after questions about voter roll purges and documentation requirements. HCR 14, supporting federal efforts to eliminate the U.S. Department of Education, prompted extensive debate over federal education funding, Title I, special education, student loans, land-grant institutions, desegregation oversight, and whether federal functions could be shifted to other agencies; it was adopted 59-28 with 23 coauthors. Later, HB 108, barring persons convicted of violent crimes or sex offenses from jury service, passed 68-32 after debate over jury pool size, second chances, and whether the bill would apply to civil and criminal trials. The House also passed HB 98 on penalties for unlawful release of victim information, HB 131 on custody pending appeal, HB 161 on bail conditions for human trafficking defendants, and HB 288 requiring “miscarriage” to appear alongside “spontaneous abortion” in medical records and billing.

Transcript Highlights:

• that department.
• Department of Justice.
• I don't know exactly, but I imagine Congress could give that over to the Department of Treasury, for
• And whatever Congress decides, I imagine they would use something like the Department of the Treasury
• The Treasury, too, for example. And the U.S. Department of Treasury? Yes. Okay.

Bills: HR115 , HR116 , HR117 , HR118 , HR112 , HR113 , HR114 , HCR51 , HCR52 , SCR18 , SCR20 , SB14 , SB76 , SB118 , SB142 , SB156 , SB170 , SB197 , SB234 , SB258 , SB287 , SB288 , SB313 , SB315 , SB393 , SB396 , SB426 , SB427 , HCR7 , HB76 , HB84 , HB132 , HB181 , HB210 , HB250 , HB265 , HB275 , HB291 , HB322 , HB342 , HB457 , HB475 , HB477 , HB486 , HB616 , HB635 , HB639 , HB690 , HB740 , HB757 , HB761 , HB766 , HB774 , HB808 , HB855 , HB866 , HB872 , HB883 , HB886 , HB903 , HB949 , HB962 , HB996 , HB1003 , HB1036 , HB1054 , HB1071 , HB1076 , HB1078 , HB1113 , HB1132 , HB1146 , HB1232 , HB1233 , HR15 , HR20 , HCR14 , HCR6 , HCR19 , HCR10 , HR74 , HCR26 , HCR35 , HB98 , HB108 , HB131 , HB151 , HB161 , HB288 , HB294 , HB305 , HB310 , HB320 , HB336 , HB380 , HB392 , HB403 , HB420 , HB459 , HB476 , HB540 , HB615 , HB631 , HB637 , HB648 , HB665 , HB682 , HB789 , HB813 , HB815 , HB835 , HB870 , HB905 , HB915 , HB933 , HB938 , HB987 , HB1040 , HB51 , HB82 , HB143 , HB145 , HB160 , HB180 , HB192 , HB393 , HB430 , HB445 , HB506 , HB515 , HB521 , HB565 , HB590 , HB614 , HB638 , HB670 , HB672 , HB685 , HB692 , HB752 , HB773 , HB781 , HB799 , HB860 , HB874 , HB887 , HB917 , HB937 , HB956 , HB965 , HB972 , HB977 , HB982 , HB1006 , HB1010 , HB1044 , HB1072 , HB1088 , HB1179 , HB1200 , HB81 , HB400 , HB154 , HB410 , HB463 , HB827 , HB868 , HB952 , HB953 , HB140 , HB750 , HB911 , HB52 , HB961 , HB399 , HB401 , HB901 , HB9 , HB58 , HB193 , HB284 , HB570 , HB577 , HB582 , HB605 , HB733

Keywords: Kappa Alpha Psi, fraternity, Louisiana, commemoration, community engagement, recognition, state championship, basketball, sports achievement, school commendation, commendation, athletics, team sports, youth, community recognition, water utility, tax credit, excessive rates, residential service, subcommittee

Transcript Highlights:

• Treasury seed deposit.
• Treasury seed deposit.
• Treasury seed deposit.
• These accounts Treasury seed deposit.
• </c><00:43:17.119><c> of</c> this instance the department of this instance the department of construction

Bills: HB245 , SB16 , SB59 , SB62 , SB79 , SB88 , HB245 , SB16 , SB59 , SB62 , SB79 , SB88

Committee: Senate Finance and Taxation Education

Keywords: inhalants, controlled substances, butyl nitrite, nitrous oxide, amyl nitrite, health, public safety, SB16, four-point restraint, hog-tie, hog tie, prone restraint, law enforcement, police, sheriff, use of force, restraint techniques, positional asphyxia, arrest procedures, detention

Bills: SB282 , SB282

Committee: House Fiscal Responsibility

Keywords: virtual currency, cryptocurrency, tax exemption, state tax law, digital assets, manufactured homes, certificate of title, Alabama Department of Revenue, law amendment, 1999 models

Transcript Highlights:

• For example, it creates a licensing framework under the Department of Licensing for the ticket resale
• act provides for civil penalties and concurrent enforcement of the Consumer Protection Act and Department
• It requires the Department of Licensing to establish a publicly accessible website to allow individuals
• Department of the Treasury announced it would cease manufacturing new pennies.
• The requirement does not apply to payments made by other methods, and the Department of Revenue...

Summary: The Senate Business, Trade, and Economic Development Committee heard several public hearings on consumer protection and business regulation bills. Senate Bill 6175, the WAVE Act on ticket sales, would create licensing and enforcement rules for ticket resellers, require all-in pricing and refunds, cap resale prices and fees at 110% of the original ticket price, and prohibit speculative ticketing and deceptive practices, with exemptions for some events such as agricultural fairs and sports. The sponsor and many arts, venue, labor, and consumer advocates said the bill would curb bots, fake websites, and predatory markups that harm fans and nonprofit venues; opponents from resale platforms and industry groups argued it would restrict legitimate resale, reduce consumer choice, and push transactions into less regulated channels. Public testimony was extensive and sharply divided, but no committee vote was taken on the bill during the hearing. The committee also heard Senate Bill 6230, which would require cash transactions to be rounded to the nearest five-cent increment in light of the federal decision to stop minting pennies. Retail and grocery groups generally supported the bill but asked for amendments to protect against audit and consumer-protection liability, preserve acceptance of exact change, and avoid conflicts with local ordinances and SNAP rules. The bill sponsor said the measure is meant to give businesses a clear framework for cash rounding, and staff noted the Department of Revenue would issue a revised fiscal note with minimal costs. Senate Bill 6312, concerning surveillance-based pricing in grocery establishments, would require posted prices, prohibit individualized surveillance pricing and surge pricing, and place a moratorium on electronic shelf labels in larger stores until 2030. Labor and privacy advocates supported the bill as a way to stop AI-driven price discrimination and protect workers and consumers, while retail and grocery associations and an ESL manufacturer warned the definitions were too broad and could unintentionally affect loyalty programs, discounts, and operational efficiency. After testimony, the committee suspended the five-day notice rule for the bill. The committee also heard Senate Bill 6149 on the definition of a rural county and Senate Bill 6248 on travel insurance, with testimony on the latter split between industry support for adopting a model act and state agency concerns about adjuster licensing and preserving Washington consumer and anti-discrimination protections. In executive session, the committee considered Senate Bill 6061 on the tourism self-assessment program and Senate Bill 6137 on sports wagering. The committee rejected an amendment to SB 6061 that would have allowed voluntary local tourism contributions, then advanced the bill with a due pass recommendation. It also advanced SB 6137 with a due pass recommendation. The meeting concluded after those votes.

Transcript Highlights:

• There's good support from the Department of Education.
• Uh, the Department of the General.
• requires the Department of requires the Department of Transportation<00:19:26.640><c> to</c><00:19:26.880
• City and County of Honolulu, Department of Customer Services, sends communication in support.
• So, we're working with both the Department of Transportation and DLNR. >> Thank you.

Bills: HB1688 , HB2386 , HB1691 , HB1680 , HB2516 , HB1993 , HB2442 , HB1510 , HB1958 , HB1915 , HB1692 , HB1524 , HB1884 , HB1523 , HB2213 , HB2186 , HB2163 , HB1908 , HB1910

Committee: Senate Transportation

Summary: The committee first took up SB 2699, which would create a youth transit program within DOT and a special fund tied to the environmental response/energy/food security tax fund. The chair described support from several agencies but also noted Attorney General concerns about whether the special fund met statutory criteria, DOE comments requesting a July 1, 2026 effective date, and broader funding concerns because the bill would draw from general fund resources. The chair recommended deferral, saying the measure involved significant long-term costs and needed more work on a funding mechanism. The committee deferred the bill. The committee then heard SB 3182, relating to administrative license revocation procedures. HDOT supported the measure, while the Judiciary opposed the bill as written, citing operational, staffing, fiscal, and mailing burdens from requiring ADLRO to mail all case documents to every respondent within five days. Judiciary said it handles about 3,000 to 4,000 DUI cases annually and would need additional staff and certified-mail costs. Prosecutors from the state and county supported a proposed SD1 version, saying it would address backlog concerns and help DUI enforcement by creating a presumption of revocation. The committee ultimately recommended support and passage of SD1. The committee also heard SB 3313 on interisland air service stability and transformation. The Attorney General warned the bill could be preempted by the federal Airline Deregulation Act and raised constitutional concerns about a local-hire provision. DOTAX said the program would be complicated to administer and suggested third-party certification. No action was taken in the excerpt. The committee then heard SB 3337, which would eliminate state taxes on gasoline and diesel fuel for motor vehicles; HDOT opposed it, while DOTAX provided comments and the Hawaii Transportation Association supported it. The transcript then moved to SB 2896, lowering the minimum age for commercial driving from 19 to 18. HDOT supported the bill, the Hawaii Transportation Association strongly supported it and suggested added training requirements, and an Operating Engineers representative supported the concept but urged that young drivers be tied to apprenticeship or other structured training programs. No vote was shown in the excerpt. Finally, the committee heard SB 2400, which would exempt wing-in-ground craft from the Hawaii Waters Act and define those craft in law. The PUC supported the bill’s intent, and Regent Craft testified in strong support, describing sea gliders as all-electric vessels that could improve interisland access, resiliency, and decarbonization while using existing harbor infrastructure. HTDC and several other groups also supported the measure. Members asked about infrastructure, ports, weather operations, and Coast Guard jurisdiction, and the witness said operators would decide harbor locations and that the company had identified multiple possible ports. No final committee action was included in the excerpt.

Transcript Highlights:

• </c> state treasury. state treasury.
• Treasury. treasurer. Treasury.
• , the Department of Revenue, and the Department of Education, and timely submit all required reports
• ,</c><01:50:06.159><c> and</c> Treasury, the Department of Revenue, and Treasury, the Department of Revenue
• </c><02:02:48.239><c> of</c> treasurer or the uh the department of treasurer or the uh the department

Committee: Senate Education

Transcript Highlights:

• First is the Department of the Prosecuting Attorney. Good afternoon.
• Testifying first on SB 1117 would be the Department of Transportation, in support; Maui Police Department
• Testifying first on SB 1117 would be the Department of Transportation, in support; Maui Police Department
• </c><00:36:20.560><c> of</c> would be the Department of would be the Department of [Music] [Music] [Music
• <00:36:29.960><c> in</c> department in department in support<00:36:31.720><c> aahu</c><00:36:32.240><

Summary: The committee heard testimony on several transportation-related measures. SB 282 would increase penalties for using an uncrewed aircraft, or drone, in the commission of a felony. The Honolulu Department of the Prosecuting Attorney strongly supported the bill, saying drones are being used to facilitate crimes such as burglaries, sex offender registration violations, and even murders, and that the measure would create a stronger deterrent and address sentencing issues. Members discussed how drone use could be investigated and noted that a prior Uncrewed Aircraft Offenses Act already covers a range of drone-related offenses. Testimony also included support from a Kauaʻi County Council member and the Office of the Public Defender, and the bill was then set aside as the committee moved on. The committee also heard SB 1032 on campaign finance, which would amend restrictions on foreign nationals and foreign corporations making contributions and expenditures. Testimony was listed in support from labor, civic, and advocacy groups, with some opposition, but the measure was not debated further in the portion provided. SB 1160, a consumer protection bill on ticket resale, drew support from venues and event groups and opposition from the Chamber of Progress, which argued the bill should target scalpers and deceptive practices rather than legitimate resale platforms. The Attorney General suggested an amendment to limit the bill’s scope to Hawaiʻi events, citing Commerce Clause concerns. On SB 344, requiring skateboard users under 16 to wear helmets, the Department of Transportation, Honolulu Police Department, and the Kiki Injury Prevention Coalition supported the measure. SB 106, which would let pedestrians cross outside marked crosswalks when a reasonably careful pedestrian would see no immediate danger, drew mixed testimony: public health and equity advocates supported it as a safety and anti-profiling measure, while others opposed it, warning it could increase danger on wider, faster roads. Committee members questioned whether Hawaiʻi’s current law is more dangerous because pedestrians must step into the roadway before drivers are required to stop, and the discussion continued at length without a final vote in the excerpt. The committee also heard SB 10009 on accessible parking fines, with DCAB and DAGS supporting the intent; a member asked that any new fine revenue go to the state parking revolving fund. SB 820, shortening the vehicle title transfer deadline from 30 days to 14 days, drew opposition from the Public Defender and Honolulu Customer Services, who said the current deadline is reasonable and the bill did not clearly solve a problem. Later measures included SB 1095 on license plate decal restrictions, SB 215 on towing and immobilization fees, and SB 1117 on electric mobility rebates and age/helmet rules, which received support from transportation and safety groups, though the transcript cuts off before any final actions or votes on those bills.

Transcript Highlights:

• didn't have to pay back or, um, perhaps a law firm that taxpayers pay for that might be doing free treasury
• didn't have to pay back or, um, perhaps a law firm that taxpayers pay for that might be doing free treasury
• didn't have to pay back or, um, perhaps a law firm that taxpayers pay for that might be doing free treasury
• didn't have to pay back or, um, perhaps a law firm that taxpayers pay for that might be doing free treasury
• didn't have to pay back or, um, perhaps a law firm that taxpayers pay for that might be doing free treasury

Transcript Highlights:

• Treasuries.
• Unless they're a money service business registered with Treasury, it would not be. Okay. Okay.
• make sure we get the right information and we've got to make sure we maintain the resiliency of the treasury
• we've alluded to the importance to the financial system in the U.S. of stablecoins, in particular Treasury-backed
• I recently saw a chart which plotted amount of Treasury bonds and debt held by China over the last 10

Committee: Senate Subcommittee on Digital Assets

Keywords: Digital Assets, Bitcoin, Stablecoins, Legislation, Bipartisan, Consumer Protection, Regulatory Framework, Financial Innovation, Testimony

Summary: The inaugural meeting of the Digital Assets Subcommittee brought a wave of excitement and anticipation regarding the future of digital assets, including Bitcoin and stablecoins. Chair Lummis expressed gratitude towards Senator Scott for establishing the subcommittee, indicating a commitment to promote responsible innovation while safeguarding consumers. Members discussed the necessity for a bipartisan legislative framework to regulate digital asset markets effectively while outlining the potential benefits such legislation could have on enhancing financial inclusion and streamlining payments. The meeting featured expert testimonies from key figures in the digital asset industry, highlighting the importance of creating clear regulatory guidance for digital assets to foster innovation without compromising consumer protections.

Transcript Highlights:

• he, as long as he's a resident of Oklahoma, that he's still able to get buried by the Oklahoma Department

Bills: SB1533 , SB2026

Committee: House Veteran and Military Affairs

Keywords: veteran burial, burial assistance, indigent veterans, Dignity in Burial Act, Oklahoma Department of Veterans Affairs, military discharge, veterans, DD Form 214, confidentiality, grandchildren access

Transcript Highlights:

• It involved the Lancaster Police Department, the Dallas County D.A.'s office, and two attorneys.

Bills: SB15 , SB 15

Committee: Senate Business & Commerce

Keywords: real property, fraud, theft, elderly, disabled, statute of limitations, criminal offense, property rights, law enforcement, department file, employee records, misconduct, confidentiality, Texas occupations code

Transcript Highlights:

• still not, you know, certain that I'm 100%, but I did spend some time with Zach Wyatt from the Department
• And that's, you know, that we're more familiar with, less headache, less administration for the department
• “Well, I would say that the way it’s set up, the money is distributed through the Treasury, but we still
• The budget committee has every single department come and speak to the budget committee every year about
• This is a one-person development department.

Committee: House Ways and Means

Transcript Highlights:

• I know I had sent the same text to the Department of Public Safety as well as to MNDOT, and they're kind
• c><00:37:44.079><c> of</c><00:37:44.240><c> Public</c><00:37:44.480><c> Safety</c> same text to Department
• of Public Safety same text to Department of Public Safety as<00:37:44.920><c> well</c><00:37:45.079>
• to the extent we had those funds in an interest-bearing account with low-risk investments like treasuries
• Okay, so if you're going to borrow, Account with low-risk investments like treasuries, that would yield

Committee: Senate Transportation

Transcript Highlights:

• When it comes into the Treasury, there are formulas for how it goes out.
• Eliminate the entire defense department annual budget, all domestic discretionary spending, and they
• We have enough cash in the Treasury, but if it starts dragging on longer than 30 days, it's not going
• They were not part of the Human Services Department.
• And so, we are working with the Department of Finance and Administration to address what we do about

Transcript Highlights:

• So what we did was we recommended, and some of the recommendations were taken up by the department of
• I think most of them had to move the money into the state treasury; you all have addressed that.
• We worked with the Department of Labor and the teacher retirement systems.
• We also worked with the state department of education. worked with the state department of education.
• The Department of Corrections can't close, you know.

Bills: SB197 , HB140 , SB214 , HB214 , HB147 , HB270 , SB73

Committee: House Fiscal Responsibility

Keywords: business regulation, nonprofit entities, electronic filing, merger agreements, limited liability companies, partnerships, property transfer, termination fees, HB140, private sewer systems, wastewater utilities, Public Service Commission, PSC jurisdiction, utility regulation, rate setting, rate consolidation, affiliated systems, common ownership, private utilities, sewer rates

Transcript Highlights:

• This is a department bill that comes to us today.
• Yet if you talk to your Department of Insurance, there have been really little to no complaints in regards
• provide for the prenatal bereavement care initiative, to provide for the duties of the Louisiana Department
• The bill seeks to establish a psychedelic-assisted therapy initiative within the Louisiana Department
• I'm in the Department of Pharmacology, Toxicology, and Neuroscience, and the Department of Psychiatry

Bills: SCR37 , SB145 , SB237

Committee: House Health and Welfare

Keywords: informed consent, healthcare, medical procedures, patient rights, surgeon general, regulatory review, adult residential care, generators, emergency power, health safety, Louisiana Department of Health, compliance, regulations

Transcript Highlights:

• I'm not sure if all of you have read the Department of Health maternal mortality reports in the last
• I'm sure if all of you have read the Department of Health maternal mortality reports in the last few
• This amendment prohibits the Department of Corrections from purchasing... the state itself, as you've
• This amendment prohibits the Department of Corrections from purchasing By Representative Marshall.
• So we need to give some flexibility to the Department of Corrections. So I'm asking for a no vote.

Bills: SB5877 , SB5904 , SB5988

Committee: House Health Care & Wellness

Keywords: anesthesiology, medical personnel, surcharges, licensing, healthcare regulations, nursing titles, licensure, healthcare professionals, patient safety, professional standards, opioid treatment, accreditation, health department, fee authority, substance abuse

Transcript Highlights:

• </c><00:57:30.240><c> of</c> that's of course the Department of that's of course the Department of Education
• </c><01:20:37.920><c> of</c> have to defer to the Department of have to defer to the Department of Education
• Treasury bond, which tends to be a lower interest rate, okay?
• Treasury bond.
• Treasury bond.

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:

• The Department of Corrections is projecting a shortfall in offender medical and overtime expenses.
• So LDR will still collect the taxes and then direct Treasury to send an amount equivalent to whatever
• The $143.50 is the negotiated amount between the department and the vendor to manage per account, and
• Bess, with the department.
• Bessian, with the department.

Summary: The committee first adopted the fiscal status statement and five-year baseline summary after a brief discussion about how the baseline percentages are calculated and why projected expenditures exceed revenues in later years, with staff explaining that inflation assumptions drive much of the increase. The Office of Facility Planning and Control then received approval for several items: adding eight higher education deferred maintenance projects, approving a $412,993 change order for LSU’s Jesse Coates Building project, reporting four smaller change orders for information, and combining two Hornbeck water projects into one expanded water plant/well and distribution plan. The committee also approved a two-year extension for UL Lafayette’s Banner ERP consulting contract and approved additional Water Sector Commission funding of $5.5 million for the Tensas Water District Association, with a $100,000 local commitment noted. The most extensive discussion centered on a proposed tax increment financing package for a new 1,000-room Omni headquarters hotel adjacent to the New Orleans Convention Center. Project representatives said the hotel would require about $550 million in private investment, with the authority contributing land and $80 million, and that the package would dedicate state and local tax increments for 45 years after opening. Senators and representatives questioned the structure, the length of the incentive, the expected return to the state, possible cannibalization of existing hotel tax revenue, and why the convention center would receive a 1% stream for so long. Several members said they wanted more information on projected annual revenues and the overall return before voting, and the committee deferred the item to the next month. Later, Louisiana Economic Development requested one-year extensions for two marketing-related contracts with Zender Communications and Graham Group, and the Department of Education sought an amendment to the Odyssey contract for the Louisiana Gator program. The education discussion focused on the per-student cost of $143.50, the use of current enrollment and appropriation levels to set the contract ceiling, the fact that startup costs were no longer included, and the need for continuity before the current contract expires June 30. Members asked for an RFP to be considered for future years and for more information on student outcomes and actual spending. The committee took no vote on the education item during the discussion, and the meeting adjourned after the final exchanges.