Transcript Highlights:

• It defines the term persons as individuals, various business entities, legal representatives, fiduciaries

Summary: The committee heard five housing- and resilience-related bills. HB 793 would create an International Aerospace Innovation Fund administered by Space Florida to support aerospace research, workforce development, and commercialization; it was amended with a clarifying change and passed unanimously. C.S. for HB 411 would extend an affordable housing property tax exemption to certain nonprofit projects on leased land through a housing finance authority, such as Habitat for Humanity projects; it also passed unanimously. HB 701 would require local housing assistance plans to allow mobile home owners on leased land to seek help with lot rent, and it passed unanimously after an amendment and testimony from mobile home advocates and AARP in support. The committee also considered C.S. for HB 393, which expands the My Safe Florida Condominium Pilot Program to help eligible condominiums fund hurricane mitigation projects, including roof-related work, with added eligibility and inspection requirements. The bill drew support from condo and housing groups and passed unanimously with committee substitute. The final and most extensive measure, HB 943, would significantly revise state land-use and development rules to promote affordable housing by limiting local restrictions, changing zoning and approval standards, adjusting parking and impact fee rules, and expanding accessory dwelling unit and mixed-use provisions. It generated extensive testimony, with many local officials, city and county groups, and preservation advocates opposing it as overly broad and preemptive, while housing and business groups supported it. HB 943 was amended several times during the meeting, including changes related to church-owned property, parking, historic landmarks, manufactured homes as accessory dwelling units, and fair housing language. The sponsor repeatedly said the bill was a work in progress and that additional changes would be made. After debate from members emphasizing both the need for more housing and the need to preserve local control, the committee approved HB 943 on a 14-1 vote, with Rep. Casello voting no.

Transcript Highlights:

• AS IT MATURES IN ITS EXISTENCE WE HAVE A FIDUCIARY RESPONSIBILITY TO OVERSEE THE OUTCOMES OF THE FOUNDATION

Transcript Highlights:

• Senate Bill 131, Estates and Trusts, Fiduciaries, Attorney-Client Privilege.
• Senate Bill 131, estates and<01:37:01.520><c> trusts,</c><01:37:01.960><c> fiduciaries,</c><01:37:02.800
• ><c> attorney-client</c> and trusts, fiduciaries, attorney-client and trusts, fiduciaries, attorney-client

Transcript Highlights:

• But ultimately they have a fiduciary responsibility or they have a board of directors that they're beholden
• 30:41.120><c> a</c> ultimately they're they're they have a ultimately they're they're they have a fiduciary
• :30:42.480><c> or</c><01:30:42.719><c> they</c><01:30:42.880><c> have</c><01:30:42.960><c> a</c> fiduciary
• responsibility or they have a fiduciary responsibility or they have a board<01:30:43.280><c> of</c><

Committee: Joint Appropriations

Transcript Highlights:

• Fiduciary grew an astounding 2.5%. Now remember, fiduciary is usually negative throughout the year.
• So an increase of $2.4 million is a very large amount for fiduciary.
• Uh, the fiduciary forecast is moderated and tapering in the fiscal years.

Summary: The meeting focused on reaching consensus on official Kentucky revenue estimates for fiscal years 2026 through 2028, using updated S&P Global economic forecasts compared with the September presentation. Staff explained that the updated forecast relied partly on alternative data because of the federal government shutdown, and they walked through changes in national and Kentucky economic assumptions across control, optimistic, and pessimistic scenarios. The control forecast was described as slightly more optimistic in the near term but more cautious in fiscal 2027 and 2028, with GDP growth revised up for the current year and down somewhat in the outer years. The pessimistic scenario now assumed a two-quarter recession beginning in the current quarter, while the optimistic scenario was given a higher probability weight than before. The presenters highlighted several Kentucky-relevant variables that changed since September, including weaker manufacturing employment, weaker housing starts, weaker consumer sentiment, and lower expected non-farm employment in fiscal 2026. At the same time, wage and salary disbursements were revised upward in fiscal 2027, reflecting higher disposable income from tax changes, and real consumer spending was expected to be stronger in the near term. They also discussed assumptions about tariffs, business profits, the Federal Reserve, unemployment, oil prices, retail sales, vehicle sales, exports, and consumer sentiment, noting that some indicators were little changed while others shifted materially. Consumer sentiment was attributed to affordability concerns, tariff impacts, and a general sense of malaise, but was expected to improve in later years from a low base. Members asked follow-up questions about why the forecast worsened in later years and about the consumer sentiment assumptions. Staff responded that the forecast assumed larger take-home pay and refunds from tax withholding changes, along with some easing of tariff effects, which they believed would help offset a negative wealth effect from stock market declines. They also noted that S&P Global’s December forecast, which had already been published, was essentially consistent with the presentation and that the firm believed its earlier assumptions had tracked recent data well. No vote or final action was recorded in the portion provided, but the discussion was aimed at settling the revenue estimates that will underpin the upcoming branch budget bills.

Transcript Highlights:

• Uh, our fiduciary responsibility is top utmost. Uh, you know, HPA, there's no fat in there.
• </c><01:37:16.080><c> Uh</c><01:37:16.639><c> our</c><01:37:16.960><c> fiduciary</c> Iligan.
• Uh our fiduciary Iligan. Um absolutely.
• Uh our fiduciary responsibility<01:37:18.480><c> is</c><01:37:19.040><c> top</c><01:37:19.520><c> utmost

Transcript Highlights:

• They have a fiduciary responsibility. They're not involved in it. They're not cutting a check.
• day-to-day of finance at their board meetings in public they are providing oversight they have a fiduciary
• they're not involved in it they're not cutting a check they're not I don't know. oversight they have a fiduciary

Summary: The committee first heard SB 753, which would modernize California’s shopping cart recovery rules by allowing cities and counties to return abandoned carts directly to retailers, recover documented retrieval costs, and avoid the current impound-and-wait process. The author and supporters, including San Jose officials and the League of California Cities, said the bill would help clear streets, sidewalks, and waterways and reduce local costs. Grocers and retailers opposed the measure unless amended, arguing it would turn cart retrieval into a new cost burden and could create incentives for cities to charge too much for stolen property. After extensive discussion about notice periods, cost caps, and local ordinances, the committee adopted amendments and passed the bill 6-0 as amended. The committee then took up SB 445, which would speed up permitting and approvals needed for high-speed rail by requiring early engagement, setting rules for third-party coordination, and creating a dispute-resolution process. The author said the bill was narrowed from an earlier, broader transit proposal and was intended to reduce delays caused by utilities, local governments, and other entities. Supporters said permitting bottlenecks add major costs and delays to infrastructure projects, while opponents from utilities, cities, counties, telecoms, and special districts raised concerns about safety, reliability, affordability, and the need to review the pending amendments. The bill passed 8-1 to the Utilities and Energy Committee. The committee also heard SB 9, a narrower housing bill focused on accessory dwelling units. The author explained that it would require local ADU ordinances to be submitted to HCD for review and would make state standards control if a local agency fails to submit a compliant ordinance or respond to HCD findings. Supporters from housing and YIMBY groups said the bill would improve enforcement of state ADU law and prevent local barriers from slowing housing production. There was no opposition, and the bill passed 6-0. The committee then began hearing SB 79, which would allow more housing near major transit stops; the author and supporters framed it as a response to the housing shortage and transit underuse, and the hearing continued with extensive support testimony as the transcript ended.

Transcript Highlights:

• They have a fiduciary responsibility. They're not involved in it. They're not cutting a check.
• day-to-day of finance at their board meetings in public they are providing oversight they have a fiduciary
• they're not involved in it they're not cutting a check they're not I don't know. oversight they have a fiduciary

Committee: House Local Government

Summary: The committee began with housekeeping and then took up SB 753 by Senator Cortese, a bill to update California’s shopping cart recovery law. The author and supporters from San Jose, the League of California Cities, counties, and water districts argued the bill would let local governments retrieve abandoned carts immediately, return them directly to retailers, and recover documented costs, rather than storing carts for 30 days. Retail groups and grocers opposed the measure, saying carts are stolen property, that the bill could create a new revenue stream for cities, and that retailers should retain a first right of retrieval without added fees. Members debated notice periods, cost caps, and local control, and the author agreed to continue working on amendments. The committee adopted the bill as amended and passed it 6-0. The committee then heard SB 445 by Senator Wiener, which would speed up third-party permits and approvals for high-speed rail projects. The author said the bill was narrowed from an earlier broader transit proposal and now focuses on requiring early engagement, clear rules, and binding arbitration to prevent utilities, cities, and other entities from delaying a state-approved project. Supporters said permitting delays add major costs and can hold projects hostage; opponents from utilities, cities, counties, telecoms, and special districts said they were concerned about impacts on safety, reliability, affordability, and local authority, though many said they were willing to keep working on amendments. The committee sent SB 445 to the Utilities and Energy Committee on an 8-1 vote. Finally, the committee heard SB 9 by Senator Wiener, a narrower housing bill dealing with accessory dwelling units. The bill would require local ADU ordinances to be submitted to HCD for review and would make state standards apply if a local agency fails to submit a compliant ordinance or respond to HCD findings within the required time. Supporters from housing and YIMBY groups said the measure would improve enforcement of state ADU law and prevent local barriers from slowing housing production. There was no opposition testimony, and the committee passed the bill 6-0.

Transcript Highlights:

• a contract with a third party as a contingency if the State Treasurer is unable to conduct their fiduciary
• duty, only for the time period that the State Treasurer's office is unable to conduct the fiduciary

Summary: The meeting began with prayer, the Pledge of Allegiance, attendance, and a guest introduction for Deputy Frank Sloop. The Senate then moved through multiple Committee of the Whole calendars, with most measures receiving do-pass recommendations after brief explanations and, in several cases, floor amendments. Topics included public records, capital outlay review, local government, taxation, state budget implementation, higher education appropriations, utility regulation, towing regulation, homeowners association disclosures, nursing board regulation, veteran services, criminal justice, human services, K-12 education, state property management, and the continuation of the Arizona State Board of Nursing. Several bills were amended on the floor before receiving favorable recommendations. House Bill 2114 on motorcycle-related provisions was amended to require that at least one registered owner be legally licensed to operate a motorcycle in Arizona. House Bill 2397 on HOA/condominium disclosures was amended to change disclosure timing and fee rules and make other conforming changes. House Bill 2408 on nursing board regulatory action was amended to remove a clear-and-convincing-evidence burden in disciplinary matters and clarify complaint-sharing procedures. House Bill 2957 on driver’s license/handheld provisions, House Bill 2305 on towing regulation, and House Bill 2321 on DCS-related reporting also received amendments before do-pass recommendations. The largest item was Senate Bill 1847, the 2026-2027 General Appropriations Act. Senators offered extensive floor amendments affecting agriculture, corrections, criminal justice, school safety, law enforcement equipment, vehicle theft task force funding, liquor licensing, and other budget items. During third reading and debate on the budget, Democratic senators praised negotiated gains such as funding for aging services, food assistance, civil legal aid, school meals, heat relief, and a three-year moratorium on new data center tax incentives, while criticizing border-related funding, ESA/voucher policy, and cuts to higher education and adult education. One member’s remarks were ruled dilatory after repeated off-topic comments, and the ruling of the chair was sustained by a 16-12 vote. The transcript ends with additional budget-related explanation of votes continuing after the budget’s third reading.

Transcript Highlights:

• enter into contract with a third party as a contingency if the State Treasurer is unable to conduct fiduciary
• duty only for the time period that the State Treasurer's office is unable to conduct fiduciary duty,

Transcript Highlights:

• know much more clearly what is absolutely the baseline minimum necessary in order to achieve the fiduciary
• this extension is for the administrative funds, which is legislatively capped at 5%. achieve the fiduciary

Transcript Highlights:

• All their fiduciary responsibilities to the buyer, same with the seller, your agent.
• And as fiduciaries for the Missouri citizens, why should we have them take the risk when they're not

Transcript Highlights:

• It's run by the Superintendent of Insurance, who is the fiduciary for the money that's collected in surcharges
• It's run by the Superintendent of Insurance, who is the fiduciary for the money that's collected in surcharges

Bills: HB99 , HJR5 , HM39 , HB206 , HB213 , SB41 , SB153 , SB165 , SB261 , SB264

Committee: Senate House Judiciary

Summary: The committee first took up a lengthy informational presentation on the Patient Compensation Fund (PCF) and New Mexico medical malpractice insurance. Teresa Hassey, a plaintiffs’ attorney, described the PCF’s origin in the 1976 Medical Malpractice Act, its role as a state-backed excess coverage system, and her view that it was mismanaged when hospital participation expanded without individualized risk assessments. She argued that hospitals underpaid surcharges, that the fund was depleted by claims, and that the 2021 amendments and later legislative infusions were meant to shore up deficits and phase hospitals out. Superintendent of Insurance Alice Kane and LFC analyst Julia Rodriguez presented a different perspective, emphasizing recent general fund infusions, current surcharge collections, the use of actuarial reviews, and the PCF’s budget and settlement activity. Kane said the market is highly concentrated, New Mexico’s malpractice costs and defense expenses are high, and the fund still provides lower-cost coverage than the open market, while also noting ongoing issues with future medical claims, TPA transition, and investment management. Committee members questioned the presenters at length about why New Mexico malpractice premiums are so high, whether defense costs were being conflated with claim payouts, how the PCF works with primary coverage and excess coverage, and whether hospitals were properly assessed when they entered the fund. Several senators raised concerns about punitive damages, corporate practice of medicine, and whether the state’s legal environment is driving doctors away. Others challenged the data comparisons, noting differences between one-year figures and multi-year averages, and asked why New Mexico’s costs remain far above neighboring states. Kane and Hassey disagreed on the causes, with Kane pointing to high claims and defense costs over time and Hassey arguing that hospital participation and punitive-damage exposure distorted the market. The chair concluded the discussion by saying the committee had not exhausted the topic and that he still wanted a clear path to reducing doctors’ insurance costs. After a break, the committee moved on to Senate Bill 41. Senator Charlie introduced the bill, which would eliminate the statute of limitations for the most serious sexual crimes in New Mexico. He argued that trauma, coercion, fear, and delayed disclosure often prevent survivors from reporting promptly, and said the law should reflect that reality. The bill was presented as a response to survivor testimony heard in a prior hearing, and the sponsor framed it as part of a broader effort to modernize the justice system for sexual violence cases.

Transcript Highlights:

• So we have to do our fiduciary responsibilities as employers, right, to make sure that they're going
• So we have to do our fiduciary responsibilities as employers, right, to make sure that they're going

Summary: The joint Senate and Assembly labor committees held a hearing on the Los Angeles wildfires and their impact on workers, employers, and recovery efforts. Chairs and members emphasized that rebuilding should prioritize worker safety, equity, local hiring, and strong labor standards rather than simply moving quickly or relying on the lowest bidder. They also stressed the need to learn from past disasters and to create a more coordinated state response for future emergencies. Worker advocates described how domestic workers, day laborers, firefighters, and other frontline workers were affected by the fires. Testimony focused on workers being trapped in evacuation zones, lacking timely information in Spanish, losing jobs and income, and facing exposure to toxic debris without adequate PPE. Speakers called for expanded outreach and education, stronger Cal/OSHA enforcement, broader occupational safety coverage for domestic workers and day laborers, recall and transfer rights, childcare and transportation support, and a centralized disaster relief system that can quickly deliver cash aid and equipment regardless of immigration status. Firefighter Derek Irwin said California firefighters face serious carcinogenic exposure and urged continued funding for the firefighter cancer prevention and research program, along with a long-term state health monitoring and research effort similar to the World Trade Center Health Program. Building trades and labor representatives argued that cleanup and rebuilding should be done through community workforce agreements, prevailing wage, apprenticeship requirements, and local hire provisions, and said the state already has trained workers available. They also said federal debris-removal work through the Army Corps has limited the state’s ability to impose some standards, but that state and local funding or subsidies should trigger labor requirements. Employer and business representatives described major losses to property, inventory, revenue, and jobs, especially in Altadena and nearby areas. The Altadena Chamber said it is coordinating recovery resources, while a construction business owner said small local firms are being shut out of disaster contracts and proposed a more accessible procurement process for local and minority businesses. LAEDC presented preliminary estimates of billions in property damage and business disruption, tens of thousands of potential job losses, and a recovery timeline of five to ten years, warning that low-income communities will be disproportionately affected and that workforce retraining and upskilling will be needed alongside the broader economic recovery.

Transcript Highlights:

• And then just a little bit of our governance with our board, so how we involve them in their fiduciary

Committee: House Agricultural Affairs

Transcript Highlights:

• And to which then management would have an obligation, fiduciary obligation to consider the well-being

Bills: HB303 , SB96 , HM6

Committee: House House Commerce & Economic Development Committee

Keywords: public utility, certificate of public convenience and necessity, certificate of need, Public Regulation Commission, PRC, utility regulation, ratemaking, energy storage, battery storage, grid reliability, renewable energy, transmission, distribution, generation plant, utility expansion, service territory, mutual domestic water consumer association, economic development department, clean energy, fossil fuel reduction

Transcript Highlights:

• I think that those are important accountability pieces and fiduciary pieces for our state government.

Summary: The House Appropriations Committee held a public hearing on House Bill 2565, which would require University of Washington gifts, grants, and similar funds to be invested through the Washington State Investment Board instead of UW’s internal investment office. Staff and the prime sponsor argued the change would lower fees and improve returns, while UW’s representatives opposed the bill, citing concerns about donor intent, legal restrictions on thousands of individual endowments, and differences in portfolio management and liquidity needs. No questions were raised in the hearing, and no action was taken on the bill at that time. The committee then moved into executive session on several bills. On Third Substitute House Bill 1607, related to recycling and waste reduction, members adopted a technical amendment but rejected amendments that would have directed unredeemed deposits to the Working Families Tax Credit and litter programs, added accountability requirements for grants, or created a SNAP-related benefit. The bill was then reported out of committee with a do pass recommendation on a 17-13 vote. On Second Substitute House Bill 1622, concerning bargaining over public employers’ use of artificial intelligence, members adopted one amendment updating the AI definition and rejected three others that would have narrowed bargaining triggers or limited the bill to technologies with demonstrable material impacts. The bill was reported out with a do pass recommendation on a 19-11 vote. The committee also advanced House Bill 2254, which would cover administrative costs for the Partnership Access Line assessment, and House Bill 2385, which extends timelines for the Medicaid access program after federal changes affected implementation; both were reported out with do pass recommendations. House Bill 2531, continuing and adjusting the ground transportation quality assurance fee structure, also passed out of committee. Finally, House Bill 2543, allowing county clerks to increase certain fees to cover court-related costs, was reported out with a do pass recommendation on a 22-6 vote. The committee adjourned after completing its business.

Transcript Highlights:

• posting rule to permit the Committee on Judiciary and Civil Jurisprudence Subcommittee on Family and Fiduciary

Bills: HB 118 , HB388 , HB 114 , HB205 , HB2789 , HB2791 , HB499 , HB2960 , HB3163 , HB3135 , HB2427 , HB1618 , HB1672 , HB1722 , HB1338 , HB787 , HB2618 , HB879 , HB 1126 , HB4134 , HB3513 , HB718 , HB1536 , HB1445 , HB1640 , HB1893 , HB1734 , HB3229 , HB3306 , HB 1276 , HB3272 , HB3276 , HB3516 , HB4145 , HB1585 , HB4810 , HB2989 , HB2558 , HB3014 , HB2742 , HB1695 , HB29 , HB 125 , HB145 , HB171 , HB255 , HB50 , HB363 , HB 116 , HB491 , HB1495 , HB368 , HB 1285 , HB1905 , HB2002 , HB917 , HB2723 , HB2067 , HB 1238 , HB745 , HB 1188 , HB1606 , HB2003 , HB2147 , HB2355 , HB2546 , HB2495 , HB2818 , HB2249 , HB3228 , HB3240 , HB1507 , HB658 , HB1748 , HB1851 , HB1922 , HB2798 , HB 107 , HB1587 , HB3684 , HB 118 , HB388 , HB 114 , HB205 , HB2789 , HB2791 , HB499 , HB2960 , HB3163 , HB3135 , HB2427 , HB1618 , HB1672 , HB1722 , HB1338 , HB787 , HB2618 , HB879 , HB 1126 , HB4134 , HB3513 , HB718 , HB1536 , HB1445 , HB1640 , HB1893 , HB1734 , HB3229 , HB3306 , HB 1276 , HB3272 , HB3276 , HB3516 , HB4145 , HB1585 , HB4810 , HB2989 , HB2558 , HB3014 , HB2742 , HB1695 , HB609 , HB630 , HB420 , HB767 , HB1708 , HB1404 , HB2457 , HB140 , HB227 , HB913 , HB2198 , HB2763 , HB 1261 , HB 1135 , HB1318 , HB2358 , HB2765 , HB2735 , HB3307 , HB 1242 , HB2842 , HB333 , HB201 , HB694 , HB2415 , HB155 , HB272 , HB405 , HB519 , HB 1136 , HB 1275 , HB1437 , HB1532 , HB1675 , HB1868 , HB1888 , HB1990 , HB2286 , HB2523 , HB3129 , HB3251 , HB3354 , HB3479 , HB3803 , HB3804 , HB3805 , HB3806 , HB3887 , HB4163 , HB4238 , HB 1240 , HB1842 , HB2029 , HB2622 , HB3255 , HB654 , HB4643 , HB4945 , HB3611 , HB3724 , HB3623 , HB3810 , HB4127 , HCR78 , HCR12 , SB767

Keywords: HB 388, HB388, coordination of benefits, COB questionnaire, health benefit plan, health insurance, insurance commissioner, Texas Department of Insurance, uniform form, primary payer, secondary payer, multiple coverage, dual coverage, Medicaid, CHIP, managed care, HMO, small employer health plan, school district health coverage, self-funded plan

Transcript Highlights:

• Number one, I do view myself as having a having a very crisp understanding of fiduciary roles.

Committee: Senate Nominations

Transcript Highlights:

• doctrine that holds that nature, including wildlife, is a public trust, and that the government has a fiduciary

Summary: The House convened with prayer, the Pledge of Allegiance, and a quorum present, then received a gubernatorial message listing numerous bills signed by the governor. The chamber also handled conference committee business, including appointing conferees for House Bills 1003 and 1169 after refusing to concur with Senate amendments, and adopting a conference committee report on House Bill 1053, which repealed a Century Code section related to the length of the state highway system. A major portion of the meeting focused on Senate Bill 2137, which would allow supplemental feed for hunting and include an expiration date. The House divided the proposed amendments into two parts. Division A, dealing with baiting limits and setbacks near livestock facilities, drew extensive debate over private property rights, enforceability, livestock protection, and hunting access, and failed 14-76. Division B, requiring chronic wasting disease surveillance and a report to Legislative Management, also drew debate over whether the reporting requirement was necessary or too late to be useful; it failed 44-46. With both divisions defeated, the House then passed the underlying bill 56-34. The House also laid over Senate Bills 2340, 2326, and 2289. Later, it defeated Senate Bill 2325, which would have created a process for non-federal easements on wetland areas, by a vote of 4-84. It passed Senate Bill 2210, directing a legislative management study on watershed-based water management, 85-3; Senate Bill 2387, establishing rights for sexual violence survivors, 89-0; and Senate Bill 269, allowing state agencies to satisfy legal notice requirements by posting on their websites if newspaper publication is missed, 72-17. The House then excused absent members and adjourned until Monday, April 14, 2025.