Transcript Highlights:

• Um what about, you know, reflecting on asset ownership, where in the past we have had assets that the
• ,</c><01:03:09.920><c> we</c> getting a lower cost of capital, we getting a lower cost of capital, we
• The OSLI rules define capital project as the construction, replacement or improvement of a fixed asset
• </c><01:58:28.560><c> And</c> application to capital projects. And application to capital projects.
• </c><03:00:22.319><c> Project</c> assets a little bit today. Project assets a little bit today.

Committee: Joint Minerals, Business & Economic Development

Transcript Highlights:

• Bitcoin issuers can invest in risky assets, including the very assets that were bailed out in 2008 and
• backed asset of stablecoins.
• , and those are usually the most risk-full assets.
• This is disclosing our assets.
• the reserve asset diversification requirement.

Bills: SB875

Committee: Senate Banking, Housing, and Urban Affairs Committee

Keywords: banking regulation, federal agencies, reputational risk, financial services, supervision, FIRM Act, bank supervision, depository institutions, federal banking agencies, FDIC, OCC, Federal Reserve, NCUA, CFPB, credit unions, Operation Choke Point, financial discrimination, safety and soundness, supervisory guidance, examination manual

Summary: This meeting focused on the markup of the Genius Act and the FIRM Act, two significant pieces of legislation addressing stablecoin regulation and the financial industry's regulatory framework. The Chairman noted the importance of providing clarity to the digital asset community and protecting American consumers, while also promoting innovation and competition within the financial sector. Members of both parties expressed varying viewpoints, with some highlighting concerns related to national security and the potential risks associated with stablecoins.

Transcript Highlights:

• Thank you very much, Chair Callan, members of the Capital Budget Committee. My name is Marco Elias.
• I like visiting state capitals. And they have an interesting story in Oklahoma City.
• I know your capital budget is like my transportation budget. It is under heavy stress.
• In certain defined circumstances, we can, like when NCSL comes, or for capital furnishings.
• We love the capital committee. So. All right. Do we have any other questions?

Bills: SB6313

Committee: House Capital Budget

Keywords: Capitol Centennial Stewardship, funding, gifts, grants, donations, legislative support

Transcript Highlights:

• And we raised over $800 million in private capital.
• It was our flagship asset, our single asset as a company.
• In 2022, we acquired some complementary exploration stage assets down in Northern Nevada.
• An important point to make here is the capital investment.
• This is where our assets are.

Committee: Senate Resources and Environment

Transcript Highlights:

• The bill before you establishes the capital centennial stewardship account for the purposes of remodeling
• Thank you very much, Chair Callan, members of the Capital Budget Committee. My name is Marco Elias.
• I know your capital budget is like my transportation budget. It is under heavy stress.
• In certain defined circumstances, we can, like when NCSL comes, or for capital furnishings.
• We love the capital committee. So. All right. Do we have any other questions? I representative die.

Summary: The committee first heard Senate Bill 6313, which would create a Capital Centennial Stewardship Account for remodeling, repairs, interpretive and educational facilities, and other improvements to the state Capitol campus ahead of the building’s 100th anniversary in 2028. Staff explained that statewide elected officials and legislators could solicit gifts, grants, and donations for the account, with spending subject to appropriation. Prime sponsor Senator Marco Elias described the bill as a way to enhance the Capitol experience, potentially restore access to the top of the building, and raise private support for upgrades without relying solely on public funds. Members asked questions about the Capitol’s history, tourism potential, and the fundraising authority, and no public testimony was offered. The committee then heard Substitute Senate Bill 6076, which would expand procurement and self-performance authority for public utility districts and other consumer-owned utilities for certain electric generation, storage, transmission, and distribution projects, largely through 2045. Staff said the bill would raise thresholds for self-performed work and allow more flexibility in bidding and contracting, with no fiscal impact to state agencies but an indeterminate local government impact from training and procedure updates. Testifiers from IBEW Local 77 and Grant PUD supported the bill, saying utilities face a backlog of infrastructure work, higher material costs, and long procurement timelines, and that the bill would speed maintenance and construction. Committee members asked about renewable energy uses, examples of qualifying projects, and whether land acquisition was included; testimony clarified that the bill focuses on equipment and project components, not land. In executive session, the committee took up Engrossed Substitute Senate Bill 5901, relating to school construction assistance program facilities reports for on-base schools. Members said the bill would help military-connected school districts address gaps between state and federal funding and support quality facilities for military children. The committee approved the bill on a 16-0 vote, with three excused, and reported it out of committee with a do pass recommendation. The chair also noted that additional bills, including the Capital Centennial Account bill and the utility procurement bill heard that day, could be considered in a later executive session.

Transcript Highlights:

• However, the proposed Capital plan totals $114 million.
• The Asset Management Bureau has four areas.
• That Agile Assets put out, Trimble bought Agile Assets and they will probably be depreciating the system
• So ancillary assets would.
• And we hope to do that ancillary asset collection every two years.

Transcript Highlights:

• Currently, under the capital outlay process, most of our communities have to piecemeal.
• Chair, and that is, so right now, most of us use our capital outlay.
• The general capital outlay that legislators receive and the infrastructure fund.
• And all we have is for the Capital Outlay 2.5 million to 3 million.
• That Being said, there's generally not enough capital outlay.

Committee: House House Taxation & Revenue

Transcript Highlights:

• There is also a proposal to kick out the start of the increased asset limit.
• Specifically, we do support rejecting the proposed draconian $2,000 asset limit proposal.
• Specifically, we do support rejecting the proposed draconian $2,000 asset limit proposal.
• Investment Program as well as the Zero-Emission Transit Capital Funding Program.
• Invest program as well as the Zero Mission Transit Capital Funding Program.

Summary: The Senate Budget and Fiscal Review Committee heard AB 109, the Budget Act of 2026, as the main item. Committee leaders described the legislative budget agreement as a balanced two-year plan with about $355.9 billion in total spending, $253 billion from the General Fund, and $36.5 billion in reserves. The Legislative Analyst and Department of Finance said the package assumes about $5.5 billion in higher revenues than the May Revision and uses those resources for a mix of spending changes, including higher Proposition 98 support, additional child care slots, housing and homelessness funding, delayed Medi-Cal reductions, and added support for counties, public hospitals, and distressed hospitals. The administration said the plan resembles the May Revision’s overall structure but includes new spending and revenue assumptions, and members noted that separate revenue trailer bills would be heard later in the week. Much of the committee discussion focused on Medi-Cal, H.R. 1, and the impact on immigrants, low-income workers, counties, and hospitals. Several senators criticized the budget for locking in savings from delayed or reduced Medi-Cal coverage and for not including a mechanism to restore eligibility, while administration and LAO staff said the package delays some reductions but does not automatically reinstate coverage. Finance staff said roughly 1.5 million to 2 million people with unsatisfactory immigration status would move from managed care to fee-for-service, with coverage largely unchanged except for certain services not federally allowed. Members also discussed county administrative funding, indigent care, public hospital support, and the expected rise in uncompensated care. Other topics included In-Home Supportive Services, child care, homelessness funding, Prop. 36, courthouse construction and new judgeships, transit and cap-and-invest/GGRF funding, local journalism, and workforce or reentry programs. Committee members split along party lines in their comments. Democratic members generally supported the agreement as a difficult but responsible compromise that protects core services, preserves reserves, and makes targeted investments in education, housing, health care, and justice system capacity. Republican members argued the budget relies on unrealistic revenue assumptions, does not sufficiently reduce spending, and includes costly policy choices and tax increases. Public testimony largely came from advocates and stakeholders who supported IHSS, Medi-Cal, child care, domestic violence services, hospitals, transit, and other programs, while some business and health plan representatives raised concerns about tax proposals and the shift from managed care to fee-for-service. The chair then moved the committee to public comment and indicated that the revenue bills would return later in the week; no final vote on AB 109 is reflected in the portion provided.

Transcript Highlights:

• It's great that we work on the capital budget and the 10-year Highway plan.
• I think Steve will be on your Capital Overview Committee, yes.
• The other is our Asset Management, Asset Performance, and Strategy Office, and they really help make
• </c> other is our asset other is our asset management<00:29:22.440><c> um</c><00:29:23.440><c> asset<
• </c> process that's how we plan our capital process that's how we plan our capital projects<00:46:36.119

Summary: The Public Works and Highways Committee held an orientation meeting focused on introducing members, outlining committee norms, and hearing an overview from the Department of Transportation. Chair David Mills emphasized the committee’s long-standing bipartisan working style, asked members to share contact information for short-notice scheduling, and noted that the committee would need to complete as much work as possible before the building is vacated later in the year. Members introduced themselves and described backgrounds in engineering, construction, planning, local government, military service, education, and business. Several members highlighted prior service on planning boards, school boards, zoning boards, or in transportation-related fields as relevant to the committee’s work. Members repeatedly described the committee as collegial and nonpartisan, with most bills going to the consent calendar. The chair also noted that the committee’s work centers on state infrastructure, including roads, bridges, highways, and buildings. Representative Cluder, the ranking member, and others echoed that the committee is effective because it talks issues through and resolves disagreements collaboratively. One member mentioned a recent trip that reinforced the importance of infrastructure resilience after storms and rebuilding efforts in other states. Department of Transportation officials, led by Assistant Commissioner and Chief Engineer David Rodrig, gave a detailed organizational and operational overview. They described DOT’s structure, mission of “transportation excellence,” and major responsibilities across highways, bridges, rail, transit, aeronautics, maintenance, and administration. Rodrig reported 1,651 permanent positions and 404 vacancies, 2,160 state bridges with 115 on the Red List, 4,600 centerline miles of roadway, 25 public airports, 11 transit systems, and 194 active state-owned rail lines. He also outlined FY 2024 spending, project development activity, highway maintenance operations, fleet and fuel systems, and the distinction between the highway fund and DOT’s budget, including the role of federal funds and the turnpike enterprise fund. No votes were taken and no bills were acted on during this orientation meeting.

Transcript Highlights:

• The IRS views it as a collectible subject to the highest level of capital gains tax.
• in Arizona, and functional currency, a strong case can be made that they should not be subject to capital
• That means physical gold held in secure custody is one of the few financial assets with no counterparty
• Treasuries may not always be the safest asset.
• We would have access to the asset, not just the value of the asset.

Bills: HB2123 , HB2140

Committees: House Regulatory Oversight , House House Regulatory Oversight Committee of Reference

Keywords: bullion, depository, legal tender, Arizona, finances, precious metals, financial transactions, investment, state treasurer, gold bullion, treasury management, financial regulations

Transcript Highlights:

• The Capital Committee hearing for April 23rd is called to order.
• of Minnesota, with the city handling the operating costs, while the state has regularly supported capital
• facility was constructed with state dollars, and on four different occasions, the state has funded capital
• I'm pleased to present House File 441 (HF 441), a $7 million bonding request to fund essential capital
• I think it's a great project; it's a regional asset.

Bills: HF474 , HF218 , HF210 , HF441 , HF691 , HF720 , HF1068 , HF1314 , HF1465 , HF1860 , HF2046 , HF1389 , HF2404 , HF2854 , HF2985 , HF3128 , HF3103 , HF778 , HF3125

Committee: House Capital Investment

Transcript Highlights:

• , capital improvements.
• So, who ultimately decides which capital projects are funded: the legislature or the long-range capital
• Capital planning commission. Thank you for that question, Mr. President.
• This is one of our most important assets as a state: our state parks.
• I've worked on endowments, capital campaigns.

Bills: SB65 , SB248 , SB330 , SB378 , SB844 , SB1330 , SB1410 , SB1475 , SB1476 , SB1565 , SB1618 , SB1623 , SJR39 , SJR47 , SB2084 , SB1655 , SB1679 , SB2174 , SB1775 , SB1873 , SB1204 , SB1884 , SB1916 , SB1937 , SB1447 , SB1500 , SB2007 , SB2074 , SB1944 , SB2018 , SB1984 , SB2026 , SB2045 , SB2049 , SB2062 , SB2112 , SB2118 , SB2127 , SB2134 , SB2135 , SB2139 , SB2154 , SB1195

Keywords: SB65, naloxone, Narcan, opioid overdose, overdose reversal, opioid antagonist, emergency opioid antagonist, substance abuse services, harm reduction, public health, overdose prevention, good samaritan, civil immunity, criminal immunity, controlled substances, addiction treatment, fentanyl, opioid crisis, school overdose response, first aid

Transcript Highlights:

• We'll be working this October to plan the first ever Diwali celebration in. the Florida capital if you'd
• It also authorizes a university lab school to use the school's discretionary capital improvement funds
• Regarding the use of capital improvement funds that are now in place for charter schools?
• There were no changes to capital expenditures in the Senate Amendment. Representative Gantt.
• Does the Senate Amendment specify how the capital improvement funds can be used by charters?

Bills: HB1520 , HB1545 , HJR110 , HJR203 , HB245 , HB1465 , HB1482 , HB294 , HB793 , HB809 , HB3928 , HB334 , HB2037 , HB1973 , HB285 , HB4341 , HB4264 , HB 1043 , HB837 , HB 1234 , HB 1193 , HB 1194 , HB1646 , HB1729 , HB2498 , HB1314 , HB2295 , HB1353 , HB1531 , HB1988 , HB5398 , HB3960 , HB3923 , HB1407 , HB1764 , HB2221 , HB2214 , HB2517 , HB2518 , HB2213 , HB5008 , HB5092 , HB3421 , HB3663 , HB3748 , HB3800 , HB3756 , HB2613 , HB3782 , HB5246 , HB4344 , HB4044 , HB4066 , HB2702 , HB2807 , HB2869 , HB2898 , HB3181 , HB3250 , HB4153 , HB2091 , HB2115 , HB2542 , HB2768 , HB3349 , HB3352 , HB4406 , HB1593 , HB1899 , HB3133 , HB4432 , HB4960 , HB3214 , HB3915 , HB3508 , HB2145 , SB304 , SB608 , SB2312 , SB494 , SB530 , HB45 , HB2520 , HB35 , HB47 , HB318 , HB349 , HB554 , HB1359 , HB1373 , HB2254 , HB2259 , HB2853 , HB3073 , HB3088 , HB353 , HB355 , HB786 , HB762 , HB705 , HB932 , HB849 , HB 1119 , HB3041 , HB713 , HB3104 , HB3970 , HB4042 , HB4490 , HB1731 , HB2607 , HB3689 , HB1788 , HB1612 , HB138 , HB15 , HB1971 , HB1338 , HB2989 , HB267 , HB 1201 , HB2954 , HB5265 , HB1804 , HB5061 , HB1520 , HB1545 , HJR110 , HJR203 , HB1887 , HB1914 , HB2402 , HB2306 , HB1809 , HB2350 , HB3000 , HB3237 , HB3326 , HB3211 , HB 1056 , HB2081 , HB2187 , HB3092 , HB3308 , HB3526 , HB3750 , HB3527 , HB4219 , HB4230 , HB4290 , HB5238 , HB4804 , HB4749 , HB245 , HB1465 , HB1482 , HB294 , HB793 , HB809 , HB3928 , HB334 , HB2037 , HB1973 , HB285 , HB4341 , HB4264 , HB 1043 , HB837 , HB 1234 , HB 1193 , HB 1194 , HB1646 , HB1729 , HB2498 , HB1314 , HB2295 , HB1353 , HB1531 , HB1988 , HB5398 , HB3960 , HB3923 , HB1407 , HB1764 , HB2221 , HB2214 , HB2517 , HB2518 , HB2213 , HB5008 , HB5092 , HB3421 , HB3663 , HB3748 , HB3800 , HB3756 , HB2613 , HB3782 , HB5246 , HB4344 , HB4044 , HB4066 , HB2702 , HB2807 , HB2869 , HB2898 , HB3181 , HB3250 , HB4153 , HB2091 , HB2115 , HB2542 , HB2768 , HB3349 , HB3352 , HB4406 , HB1593 , HB1899 , HB3133 , HB4432 , HB4960 , HB3214 , HB3915 , HB3508 , HB2145 , HCR6 , HCR12 , HCR34 , HCR50 , HCR55 , HCR58 , HCR70 , HCR71 , HCR72 , HCR74 , HCR75 , HCR78 , HCR80 , HCR93 , HCR100 , HCR107 , HCR116 , HCR117 , HCR90

Keywords: Angelina and Neches River Authority, river authority, Sunset Advisory Commission, Texas Sunset Act, Special District Local Laws Code, local government, natural resources, board of directors, director training, board governance, public testimony, open meetings, public information, conflict of interest, ethics, complaint system, general manager, board president, staggered terms, removal of director

Summary: The Florida House considered multiple bills on Day 59 of the legislative session. Key legislation included CS for HB 1103 on developmental disabilities services, which expanded a pilot program statewide while maintaining current contracts. CS for SB 1730 addressed affordable housing with amendments protecting historic districts. CS for HB 443 on charter schools allowed stricter codes of conduct and virtual student athletic participation. CS for HB 209 prohibited golf courses and hotels in state parks. Lucy's Law (CS for HB 289) increased boating safety penalties and education requirements. CS for HB 1205 significantly restricted citizen ballot initiatives by requiring petition circulator registration, limiting volunteer collections to 25 signatures, adding financial impact statements, and imposing new penalties. The House also passed bills on animal cruelty databases, waste incineration restrictions, and spectrum alerts for individuals with developmental disabilities.

Transcript Highlights:

• Dripping Springs, wedding capital of Texas. I move passage.
• La Salle County, Wild Hog Capital of Texas. Move passage.
• Newton County, Fourth Capital of Texas. I move passage.
• Carthage, Country Music Capital of Texas. I move passage.
• Hemphill, Texas, Bass Fishing Capital of Texas. I move passage.

Bills: HB1520 , HB1545 , HJR110 , HJR203 , HB245 , HB1465 , HB1482 , HB294 , HB793 , HB809 , HB3928 , HB334 , HB2037 , HB1973 , HB285 , HB4341 , HB4264 , HB 1043 , HB837 , HB 1234 , HB 1193 , HB 1194 , HB1646 , HB1729 , HB2498 , HB1314 , HB2295 , HB1353 , HB1531 , HB1988 , HB5398 , HB3960 , HB3923 , HB1407 , HB1764 , HB2221 , HB2214 , HB2517 , HB2518 , HB2213 , HB5008 , HB5092 , HB3421 , HB3663 , HB3748 , HB3800 , HB3756 , HB2613 , HB3782 , HB5246 , HB4344 , HB4044 , HB4066 , HB2702 , HB2807 , HB2869 , HB2898 , HB3181 , HB3250 , HB4153 , HB2091 , HB2115 , HB2542 , HB2768 , HB3349 , HB3352 , HB4406 , HB1593 , HB1899 , HB3133 , HB4432 , HB4960 , HB3214 , HB3915 , HB3508 , HB2145 , SB304 , SB608 , SB2312 , SB494 , SB530 , HB45 , HB2520 , HB35 , HB47 , HB318 , HB349 , HB554 , HB1359 , HB1373 , HB2254 , HB2259 , HB2853 , HB3073 , HB3088 , HB353 , HB355 , HB786 , HB762 , HB705 , HB932 , HB849 , HB 1119 , HB3041 , HB713 , HB3104 , HB3970 , HB4042 , HB4490 , HB1731 , HB2607 , HB3689 , HB1788 , HB1612 , HB138 , HB15 , HB1971 , HB1338 , HB2989 , HB267 , HB 1201 , HB2954 , HB5265 , HB1804 , HB5061 , HB1520 , HB1545 , HJR110 , HJR203 , HB1887 , HB1914 , HB2402 , HB2306 , HB1809 , HB2350 , HB3000 , HB3237 , HB3326 , HB3211 , HB 1056 , HB2081 , HB2187 , HB3092 , HB3308 , HB3526 , HB3750 , HB3527 , HB4219 , HB4230 , HB4290 , HB5238 , HB4804 , HB4749 , HB245 , HB1465 , HB1482 , HB294 , HB793 , HB809 , HB3928 , HB334 , HB2037 , HB1973 , HB285 , HB4341 , HB4264 , HB 1043 , HB837 , HB 1234 , HB 1193 , HB 1194 , HB1646 , HB1729 , HB2498 , HB1314 , HB2295 , HB1353 , HB1531 , HB1988 , HB5398 , HB3960 , HB3923 , HB1407 , HB1764 , HB2221 , HB2214 , HB2517 , HB2518 , HB2213 , HB5008 , HB5092 , HB3421 , HB3663 , HB3748 , HB3800 , HB3756 , HB2613 , HB3782 , HB5246 , HB4344 , HB4044 , HB4066 , HB2702 , HB2807 , HB2869 , HB2898 , HB3181 , HB3250 , HB4153 , HB2091 , HB2115 , HB2542 , HB2768 , HB3349 , HB3352 , HB4406 , HB1593 , HB1899 , HB3133 , HB4432 , HB4960 , HB3214 , HB3915 , HB3508 , HB2145 , HCR6 , HCR12 , HCR34 , HCR50 , HCR55 , HCR58 , HCR70 , HCR71 , HCR72 , HCR74 , HCR75 , HCR78 , HCR80 , HCR93 , HCR100 , HCR107 , HCR116 , HCR117 , HCR90

Keywords: Angelina and Neches River Authority, river authority, Sunset Advisory Commission, Texas Sunset Act, Special District Local Laws Code, local government, natural resources, board of directors, director training, board governance, public testimony, open meetings, public information, conflict of interest, ethics, complaint system, general manager, board president, staggered terms, removal of director

Summary: The House convened with a quorum, heard the invocation and pledges, and then took up a series of memorial resolutions and recognitions. Members adopted memorial resolutions honoring former President Jimmy Carter and Dr. Alice Gail Hudgens, with remarks highlighting their public service and community impact, and adopted resolutions recognizing Victoria College’s 100th anniversary and May 2025 as Mental Health Awareness Month. The chamber also recognized Texas A&M system interns and later granted permission for several committees to meet while the House was in session. The House then moved through a long third-reading calendar, passing a number of bills on wide margins. Measures approved included SB 304 on municipal court jurisdiction over nuisance abatement ordinances, SB 608 on reporting evidence collection kits, SB 2312 creating a Texas Advisory Committee on Geopolitical Conflict, SB 494 creating a petroleum theft task force, SB 530 on postsecondary accreditation, HB 45 giving the Attorney General a role in prosecuting human trafficking cases, HB 35 on peer support for first responders, HB 47 and HB 3073 on sexual assault policy and prosecution, HB 318 and HB 3000 creating rural sheriff and ambulance grant programs, HB 554 on Juneteenth fireworks sales with county opt-in authority restored, HB 705 and HB 932 joining licensure compacts for cosmetology and occupational therapy, HB 849 allowing county park boards to meet by video conference, HB 1119 on mental health bed reporting, HB 3041 on students with nontraditional secondary education, HB 713 on maternal mortality review reporting, HB 3104 on Webb County bailiff appointments, HB 3970 on electricity planning for large loads, HB 4042 on Railroad Commission safety provisions for gas distribution pipelines, HB 4490 protecting next-of-kin information, HB 1731 on the physician assistant compact, HB 2607 on Walker County Hospital District governance, HB 3689 on Texas Windstorm Insurance Association funding, HB 1788 on continuing education for barbers and cosmetologists about abuse and trafficking, HB 1612 on hospital direct payments for uninsured patients, and HB 138 on health impact cost and coverage analysis. Several bills drew extended debate or amendments. HB 353, creating a trespass offense near schools and daycares, prompted questions about constitutional concerns and property rights before passing. HB 3211 on optometrists in managed care plans received a perfecting amendment and a Medicaid-related amendment setting a minimum payment level. HB 1056 on gold and silver specie and a state-based currency prompted detailed questioning about its mechanics and fees, followed by a point of order challenging the caption. The House also adopted or postponed a number of items, including postponing HB 2520 and HB 1359 until later in the calendar before later passing both, and laying several bills on the table subject to call. Many measures passed overwhelmingly, while a few, including HB 3326 on loan forgiveness for adjunct professors and HB 3237 on energy consumption goals, passed with narrower margins.

Transcript Highlights:

• This bank has now about a billion in capital.
• They're working on capitalization.
• Banks hold capital in reserve, and they can lend.
• capital investment in the bank.
• I've spent my entire career looking at how capital flows.

Summary: The committee first received a JLARC work session on the 2025 tax preference performance reviews, covering nine tax preferences and recommending legislative action on eight. JLARC reviewed natural gas transportation fuel preferences, travel agent and tour operator B&O rates, a property tax exemption for nonprofit low-income housing developers, and several shorter reviews including senior center property tax relief, a disabled veteran adapted housing remittance, trade convention nexus treatment, wholesale sales of fertilizer/pesticides/seed, a hazardous substance tax exemption for pesticides stored for out-of-state shipment, and three energy-related preferences for a silicon smelter. JLARC generally recommended continuing preferences that met stated or inferred objectives, modifying some to improve reporting or performance metrics, and allowing the unused silicon smelter preferences to expire. The Citizen Commission endorsed JLARC’s recommendations, and committee members asked a few clarifying questions, including about trends in travel agent/tour operator beneficiaries and the housing exemption’s performance metric and data issues. The committee then heard a work session and public hearing on Senate Bill 5754, which would create a Washington State public bank. A presentation from California public banking advocates and the Bank of North Dakota described public banks as government-owned financial institutions intended to keep public funds working locally, support lending for housing, infrastructure, and community development, and partner with community banks and credit unions. Committee questions focused on leverage, liquidity, constitutional issues, and how the model would interact with existing state investment and debt structures. Staff summarized the bill’s structure, including activation conditions, governance, powers, and fiscal impacts, noting the fiscal note was largely indeterminate and startup costs could be significant. Public testimony on SB 5754 was divided. Supporters included statewide elected officials, county and city officials, labor, educators, community advocates, and residents, who argued the bank could lower borrowing costs, improve access to capital, keep public money in Washington, and help finance infrastructure, housing, and disaster resilience. Opponents included community bankers and county treasurers, who warned about risks to safety and liquidity of public funds, questioned the need for a new institution given existing programs, and argued the proposal lacked a proven track record in Washington. The hearing concluded with no vote taken in the transcript.

Transcript Highlights:

• Elliott that the Commissioner of the Division of Capital Asset Management and Maintenance be authorized
• Elliott that the Commissioner of the Division of Capital Asset Management and Maintenance be authorized
• Elliott that the Commissioner of the Division of Capital Asset Management and Maintenance be authorized
• Elliott that the Commissioner of the Division of Capital Asset Management and Maintenance be authorized

Summary: The House opened with the Pledge of Allegiance and then took up several routine matters from the Committee on Rules, including ceremonial resolutions recognizing the Concord-Nenezi sister city relationship, the 35th anniversary of the Massachusetts-Hokkaido sister-state relationship, and congratulating Rachel Cohen on earning Eagle Scout. The House suspended the rules and adopted those resolutions. It also suspended Joint Rule 12 on a number of petitions, including proposals involving neuropsychology evaluations for persons with intellectual disabilities, pharmacists’ participation as preferred providers, a sick leave bank for a Department of Transportation employee, and land/easement authority for the City of Lowell. The main substantive issue was House Bill 4001, the fiscal year 2026 state budget, which came from the Senate with a full substitute amendment. The House suspended the rules but voted not to concur with the Senate amendment. The chamber then agreed to reappoint a conference committee, naming Representatives Michlewitz, Ferrante, and Smola to negotiate with the Senate. The House also considered and advanced several Public Service Committee bills establishing sick leave banks for state and local employees, including Kendra Winner, Dana Johnson, Stephen Forget, Daniel Yender, and Martin Kratman; each was ordered to a third reading after suspension of the rules. Later, the House took up Senate No. 2521, a fiscal year 2025 supplemental appropriations bill. After suspension of the rules, the bill was read a second time, ordered to a third reading, passed to be engrossed, and then enacted. The emergency preamble was separately adopted by a recorded vote, and the bill was finally passed. The House also adopted an order to meet again the following Monday at 11 a.m., then adjourned.

Transcript Highlights:

• </c><00:07:03.440><c> a</c> Guide them toward making this capital a Guide them toward making this capital
• Committee on Capital Investment. I've Committee on Capital Investment.
• </c> re-referred to the Committee on Capital re-referred to the Committee on Capital Investments.<00:
• And every year we end up talking about the assets, the public assets that are, in my case, where I live
• Um and we do have to public assets.

Transcript Highlights:

• </c> restricted to two specific capital restricted to two specific capital projects.<00:02:01.920><c>
• </c><00:05:24.560><c> They're</c> are not purely local assets. They're are not purely local assets.
• I city asset um be able to be usable.
• </c> and rehabilitation to the asset itself. and rehabilitation to the asset itself.
• </c> difficult to undertake major capital difficult to undertake major capital projects<02:47:17.920>

Committee: House Taxes

Transcript Highlights:

• asset.
• We should not be listening to anybody who says you should invest more in this asset.
• This is the very best asset to invest in.' It's not. I vote no. Senator Hoffman: Yes.
• Anyway, that's fair capitalism. Anyway, okay, well, viva the free market.
• So in order to keep it running smoothly, we want to see those assets there.

Committee: Senate Senate Finance Committee of Reference

Summary: The Senate Finance Committee approved the March 16, 2026 minutes and then heard testimony on several bills, with the chair noting that votes would be taken in batches because members were coming and going. HB 2939 would increase the rural qualified facilities tax credit from $20,000 to $25,000 per job for certain projects with initial investment under $2 billion; Lucid Motors supported it as a rural economic development tool, while Senator Epstein questioned the fiscal note and whether the higher credit would actually attract new investment. HB 2950 would authorize tourism improvement areas funded by voluntary lodging assessments to support marketing and tourism promotion; the Arizona Lodging and Tourism Association and Visit Phoenix backed it as a competitive tool for rural and urban destinations, and committee members focused on whether participation was truly voluntary and how the assessments would be administered. HB 2780 made technical conforming changes to Arizona’s property tax lien foreclosure and excess proceeds sale process, building on a prior law that created a mechanism for delinquent property owners to recover equity; the sponsor and a longtime constituent said the changes would fix timing and credit-bid language so qualified entity sales could work in practice. HB 2502 would let certain elected officials in ASRS retire at normal retirement age without resigning their office, with the employer paying the alternate contribution rate; ASRS said it was neutral, and the sponsor argued the bill would treat elected officials more like other ASRS members. The committee then adopted do-pass recommendations for HB 2502, HB 2780, HB 2950, and HB 2939, with each passing on split votes. The committee also adopted a striker to HB 2140, allowing the State Treasurer to invest up to 10% of state trust and treasury monies in physical gold or silver bullion held in secure U.S. depositories. The sponsor and the Sound Money Defense League argued it would diversify reserves and hedge against market disruption, while opponents said gold is volatile, costly to store, and not something taxpayers need the state to buy. HB 2140 then passed as amended on a 4-2 vote. Finally, the committee heard HB 2398, as amended, which requires commercial liability insurance for watercraft rentals and peer-to-peer boat sharing programs, with supporters saying it addresses uninsured rental boats and law enforcement concerns; the bill passed as amended on a 6-1 vote. The committee also heard HB 2999, a major housing-finance bill creating state affordability infrastructure districts to finance public infrastructure through bonds and assessments; proponents said it would lower housing costs by spreading infrastructure costs over time, while contractors and some senators raised concerns about payment risk, impact-fee treatment, and whether savings would reach homebuyers. After adopting a striker and hearing extensive questions, HB 2999 passed as amended on a 6-1 vote.

Transcript Highlights:

• In addition, we have multiple assets, and hearing earlier in the hearing, there are many, many assets
• And we will gladly provide the assets.
• Well, there are assets too.
• Like these are all photographic assets, there's advertising assets, there's a significant portfolio of
• assets.

Summary: The follow-up informational hearing focused on the State Library’s oversight of the statewide Imagination Library and the Strong Reader Partnership (SRP), including how the original $68.2 million state investment was spent, why funds were not redirected sooner to the Dollywood Foundation, and whether spending complied with AB 157 and later SB 105. Committee members repeatedly raised concerns that SRP and the State Library had been slow to provide documents, that quarterly reporting and other contract requirements were not met on time, and that the State Library did not escalate issues earlier. State Librarian Greg Lucas said the library sent one demand letter, relied on counsel’s view that SRP could continue spending its $4.8 million so long as it furthered the program, and later redirected about $55 million to the Dollywood Foundation after paperwork was submitted. He also acknowledged the library should have shared SRP’s final report with the committee sooner and said the materials eventually received appeared satisfactory, though the chair and Senator Grove remained concerned that there was still no clear accounting of books delivered by SRP. A major portion of the hearing examined SRP’s expenditures and vendor contracts, including Shipyard for marketing and web services, SAGE Strategies for management consulting, Lotus Financial Solutions and other financial vendors, and United Way California Capital Region for a small marketing grant. Committee members questioned whether some spending, especially Changecraft’s work during the AB 157 period, amounted to lobbying or attempts to influence legislation, which the grant agreement prohibited. SRP representatives said the work was communications and stakeholder outreach, not lobbying, and that invoices reflected the board’s oversight and the nonprofit’s startup and closeout phases. They also said some work continued during the rescission and closeout period to unwind contracts and return funds, and that any reporting delays were due to transition, lack of a reporting mechanism from the State Library, and the need to collect records after vendors were canceled. Members of SRP said the nonprofit was created to build the infrastructure for a self-sustaining statewide program, expand local partnerships, and support multilingual outreach in underserved counties. They described a working board that met regularly, selected vendors collectively, and used multiple financial and administrative contractors to maintain checks and balances. However, committee members pressed them on the lack of detailed invoices, the absence of clear metrics showing how many books SRP actually delivered, and the limited apparent return on spending such as the $581,708 Shipyard contract, the $125,000 website work, and the $5,000 United Way grant. No formal vote or legislative action was taken during the hearing; it was an oversight session aimed at obtaining explanations and additional documentation.