Transcript Highlights:

• The Kentucky fee calculation differs from the federal standards, mainly limiting the amount of discount
• points a consumer can choose to pay to again reduce their interest rate by always including them in
• the total net income calculation.
• <00:02:17.599> rate pay to again reduce their interest rate pay to again reduce their interest
• net income calculation. net income calculation.

Keywords: Meeting Start 00:00 Call to Order and Roll Call 00:01 Discussion SB 157 00:23 Vote SB 157 05:22 Discussion SB 189 05:57 Vote SB 189 26:49, 958, all

Summary: The committee first took up Senate Bill 157, which would align Kentucky’s mortgage loan fee rules with federal standards by exempting certain first and second mortgages from the state’s total net income cap when they meet federal points-and-fees thresholds. The sponsor and Rocket Mortgage testified that the bill would make it easier for borrowers to buy down mortgage interest rates with discount points, helping affordability without changing borrower costs, while preserving the existing 4% cap for loans outside the federal standard. Members discussed how rate buydowns work in practice, and the bill passed with a favorable expression after a roll call vote. The committee then heard Senate Bill 189, as amended by a committee substitute, which would create a licensing and regulatory framework for virtual currency kiosks, or crypto ATMs, in Kentucky. The sponsor described widespread scam losses tied to these kiosks, especially among older adults, and said the bill would add consumer protections such as licensing, financial safeguards, transaction limits, refund or hold requirements, disclosures, receipts, and enforcement authority for the Department of Financial Institutions. He also said the substitute was based on other states’ models and that further changes might be needed, including possible floor amendments. AARP Kentucky testified in support of regulating crypto kiosks but said the committee substitute weakened consumer protections and urged stronger safeguards, including lower transaction limits, fee caps, identity verification, receipts, and scam warnings. AARP representatives cited data on scam complaints and losses in Kentucky and nationally, and said the point of transfer is the best place to prevent harm. Committee members generally agreed the issue was consumer protection, but one senator cautioned against overregulating personal financial choices and noted that scams exist in many forms. The discussion ended with acknowledgment that the bill would continue to be refined, including in coordination with the House and stakeholder groups.

Transcript Highlights:

• calculation. Clear as mud, right? calculation. Clear as mud, right?
• I didn't calculate it that calculate it. I didn't calculate it that low. low. low.
• Chair, to uh calculate the chance, Mr.
• <04:00:05.120> Ultimately interests. Followup. Ultimately interests. Followup.
• revenue per terminal, and then calculate revenue per terminal, and then calculate a<05:09:11.680

Keywords: 928, house, all

Summary: The committee first took up SB 63, which concerns funding for the division of travel and tourism and its relationship to the meals-and-rooms tax calculation. Members asked for confirmation that the bill would not affect municipal distributions under RSA 78-A:26. Jennifer Ramsey of the Department of Revenue Administration explained that the amendment does not change meals-and-rooms distributions, but instead corrects the calculation for the travel and tourism appropriation by adding back the municipal fund transfer before applying the 3.15% floor. Chris Shay of the Office of the Attorney General agreed with that explanation. The committee also discussed the complexity of the meals-and-rooms statutes and the possibility of a future cleanup effort. The committee then voted 19-0 to recommend SB 63 ought to pass; it will not go on consent because it has a fiscal note. The committee next considered SB 60, relative to advanced deposit account wagering. Rep. Murphy moved ought to pass, explaining that the bill would regulate advanced deposit wagering on horse racing and impose a 1.25% revenue share on wagers from New Hampshire residents, generating roughly a quarter-million dollars in new lottery revenue in the first year. The motion passed 19-0, and the bill will not go on consent because of its fiscal note. The committee then voted 19-0 to recommend SB 147 ITL, with members noting that live racing facilities are in decline and the market is shrinking. SB 160, which updates raffle ticket pricing and prize limits for bingo-related gaming, also passed ought to pass 19-0 and will not go on consent. The committee then took up SB 73, which revises coverall bingo rules and increases prize limits. An amendment, 2025-1470H, was offered to raise the total prize amount to $5,000; members supported it as a reasonable compromise, and the amendment was adopted unanimously. The bill as amended then passed ought to pass 19-0, again with a fiscal note preventing consent placement. After those votes, the committee moved into a work session on SB 83, where members began discussing the bill’s video lottery terminal provisions, including the meaning of “maximum wager,” the absence of a cumulative betting cap, and concerns that the bill combines several distinct policy changes—tax treatment, VLT rules, renaming, and a self-exclusion database—into one measure. No vote was taken on SB 83 during the work session, and members indicated they would continue discussion later after reviewing side-by-side materials.

Transcript Highlights:

• We'll do a little bit of housekeeping and then go on with a couple of interesting presentations we have
• think it's going to be an interesting think it's going to be an interesting year<00:02:51.840>
• Fertilizer application rates and timing are all included in that calculator.
• <00:43:10.800> fertilizer stock production calculator fertilizer stock production calculator
• <00:50:09.799> but require a little bit of calculation but require a little bit of calculation

Keywords: 1183, house

Summary: The House Agriculture Finance and Policy Committee held an introductory meeting that began with housekeeping, a correction to the committee rules (the room number should be G3, not G35), and member and staff introductions. Members described their districts, agricultural ties, and priorities for the session, including consumer food costs, urban agriculture, farm economics, livestock disease preparedness, and support for Minnesota’s agricultural sectors. No votes were taken during the introductory portion. The committee then turned to sustainable aviation fuel (SAF). Deputy Commissioner Andrea Veble of the Minnesota Department of Agriculture said the Walz administration strongly supports SAF because of its potential for agriculture, forestry, and clean energy, and reviewed Minnesota’s 2023 SAF tax credit and related sales tax exemption. She said the state has feedstocks and should continue investing so Minnesota can attract SAF production and support rural jobs. Jeff Davidman of Delta Airlines testified that aviation is difficult to decarbonize and that SAF is the airline industry’s main path to net zero by 2050; he cited current use of SAF, the need to scale production, and Minnesota’s role in supplying feedstocks and hosting future production. Peter Frost of Greater MSP described the Minnesota SAF Hub as a public-private partnership aimed at building the full SAF value chain in Minnesota. He emphasized that Greater MSP is coordinating investors and partners to grow the regional economy and said the SAF effort is intended to create jobs and economic development. Committee members did not ask questions during the portion captured, and no formal action or vote was recorded on the SAF presentations in this transcript excerpt.

Transcript Highlights:

• By $70 would you like me to calculate? I'm sorry. Can you tell me?
• I'm pulling up a calculator now, $140,000 divided by $70.
• That was interesting because, you know, my kids got me hooked on TikTok.
• The ICE officer is interesting because you mentioned training. They are all in masks.
• I agreed with that for the nursing home operators interested. in selling their businesses.

Bills: SB27, SB1494, SB2121, SB2373, SB2431, SB1, SB8, SB12, SB13, SB15, SB30, SB37, SB260, SB268, SB331, SB379, SB441, SB447, SB457, SB568, SB650, SB763, SB1405, SB1506, SB1540, SB1566, SB1610, SB1637, SB1660, SB2018, SB2024, SB2217, SB2308, SB2337, SB2601, SB2753, SB2878, SB2900, SB2972, SB3059, HB4, HB40, HB46, HB119, HB145, HB300, HB493, HB705, HB1545, HB2011, HB2017, HB2067, HB2516, HB2885, HB2963, HB2974, HB3071, HB3372, HB3556, HB3595, HB3642, HB3909, HB5138, HB5246, SJR36, SJR50, SJR63, SCR12, SCR39, SB2023, SB62, SB666, SB847, SB284, SB854, SB810, SB1505, SB583, SB507, SB1434, SB1772, SB2016, SB1122, SB731, SB397, SB508, SB1436, SB287, SB1882, SB393, SB1791, SB209, SB2429, SB1085, SB1975, SB2717, SB1262, SB636, SB2056, SB884, SB1200, SB1845, SB2458, SB801, SB3014, SB3013, SB758, SB2797, SB2076, SB2876, SB1640, SB1449, SB1181, SB1234, SB2926, SB2841, SB1528, SB1854, SB317, SB1250, SB2082, SB1237, SB2819, SB629, SB2608, SB1602, SB2009, SB867, SB640, SB1698, SB2680, SB913, SB1071, SB1086, SB1087, SB1483, SB1444, SB1553, SB1556, SB1703, SB2133, SB2297, SB2298, SB2622, SB2955, SB2334, SB1367, SB2044, SB2363, SB2565, SB1888, SB3036, SB3057, SB3043, SB3063, SB3035, SB203, SB2688, SB2522, SB2459, SB2655, SB2251, SB1884, SB2928, SB2566, SB2549, SB2553, SB2919, SB1944, SB1232, SB1798, SB2603, SB2607, SB2683, SB1319, SB3045, SB3071, HB796, HB1523, HB5294, HB748, HB3395, HB180, HB3171, HB146, HB5596, HB5694, HB1135, HB3225, HB186, HB1449, HB3793, HB112, HB104, HB3336, HB3520, HB3320, HB5663, HB2399, HB111, HB3483, HB4580, HB3748, HB632, HB4730, HB5690, HB5689, HB3385, HB4359, HB5381, HB123, HB5606, HB1057, HB3664, HCR141, HCR40, HCR59, SR634, SR687, SR703, SR709, SR715, SB1494, SB2121, SB2373, SB2431, HB46, SB1, SB8, SB12, SB13, SB15, SB37, SB260, SB331, SB379, SB441, SB447, SB457, SB568, SB763, SB1405, SB1540, SB1566, SB2018, SB2308, SB2337, SB2878, SB3059, HB705, HB2017, HB2067, HB3071, HB3372, HB3556, HB3595, HB3909, HB5246

Keywords: elections, local governance, political subdivisions, general elections, Texas Election Code, data brokers, personal data, regulation, business entities, consumer protection, financial exploitation, artificial intelligence, phishing, legal liability, criminal offense, civil penalty, foreign language, study abroad, higher education, language credit

Transcript Highlights:

• There's not only statewide and regional interest in this program, but national interest in where this
• Regional interest in this program, but national interest in where this program is at.
• And so we calculate our O&M costs.
• And so that value-of-time calculation will go into the calculation of the impacts of the toll rates on
• That value-of-time calculation will go into the calculation of the impacts of the toll rates on the trucking

Summary: The committee met jointly with the Washington-Oregon Legislative Action Committee for an update on the Interstate 5 Bridge Replacement (IBR) program. Members first adopted the proposed committee rules, then received program updates from staff on environmental review, permitting, design, tribal consultation, and public engagement. Staff said the project remains in the supplemental EIS process, with a final supplemental EIS and amended record of decision expected in early 2026, which would allow construction to begin. They also described ongoing work on Coast Guard navigation clearance, Section 106 historic-property coordination, and architectural guidelines for the bridge and five-mile corridor, emphasizing that the visualizations shown were conceptual and that public and partner feedback has already influenced design considerations such as accessibility and shared-use path connections. Members raised concerns about schedule delays, rising costs, and whether the project is being designed to be functional, safe, and economical. Staff acknowledged that the timeline has slipped from earlier expectations and said the delay reflects the complexity of the environmental and federal review process, as well as the need to avoid redoing steps. They said the updated cost estimate is being prepared now that design has advanced to roughly 30 percent, and that it will account for inflation, risk factors, and both fixed-span and movable-span options. Staff estimated a movable span would add more than $400 million and said the first construction work after environmental approval would likely be preliminary freeway and retaining-wall work in late 2026, followed by the bridge procurement. The committee also received funding and tolling updates. Staff reported that major federal grants have been executed, including Mega and Bridge Investment Grant agreements, and that state STIP amendments are advancing to allow access to federal funds. The tolling team described Level 3 traffic-and-revenue work, a bi-state tolling subcommittee process, and possible toll scenarios aimed at supporting either about $1.24 billion or $1.6 billion in toll revenue. Members questioned low-income toll relief timing, truck toll rates, and the effect of tolls on freight users. Staff said low-income discounts are being analyzed for both revenue and operational feasibility, that tribal exemptions and other policy exemptions are under review, and that the commissions expect to move into public outreach on toll rates and policies in 2026, with tolling on the existing bridges currently projected to begin in spring 2027.

Transcript Highlights:

• You know, that's a calculation whether or not you're, you know, when you're a performer when you're doing
• a performer on a building that's going to be a calculation That you're going to make.
• So, it depends on the level of interest, the types of companies, and part of The, you know, what this
• So, I think we can do some calculations on how much is available And by the way, there is 25 million
• I think it would be interesting for all of us to know. That would be great.

Keywords: 996, all

Transcript Highlights:

• There's some concerns with, you know, the living wage calculation.
• Um, uh, some key items that may undermine, uh, living wage calculation as well.
• Uh, there's some concerns with, you know, the, the living wage calculation.
• Um uh, some key items that may undermine uh living wage calculation as well.
• I would be interested to hear from you on that. It's a good question.

Summary: The committee held a study on the potential effects of living wage or minimum wage laws in Oklahoma, with the chair emphasizing that the discussion was not intended to advocate for or against State Question 832. The first panel focused on economic and workforce impacts. An Oklahoma Department of Commerce representative argued that living wage calculations vary by region and household type, that Oklahoma’s average wages are already near or above many living-wage estimates, and that higher mandated wages could lead employers to cut hours, reduce hiring, automate, or avoid expansion, especially in rural areas where childcare, healthcare, broadband, and infrastructure constraints also affect labor participation. Committee members asked about wage distributions, rural cost differences, training pathways, and whether higher wages might draw workers or businesses out of state; the witness said many low-wage workers move up over time and that Oklahoma has seen net in-migration. A State Chamber Research Foundation witness then testified that a $15 statewide wage floor would raise payroll costs substantially, especially for small rural employers, and cited examples from California and Seattle to argue that higher wages can reduce hours, jobs, and benefits while increasing consumer prices. She suggested alternatives such as expanding the state earned income tax credit and promoting upskilling through existing education and training programs. A Missouri Chamber of Commerce and Industry representative described Missouri’s recent voter-approved minimum wage increase to $13.75, rising to $15, along with paid sick leave provisions. She said the chamber opposed the measure because it would raise business costs, hurt rural communities and youth employment, and force some employers to cut hours, reduce hiring, or close. She cited examples from Missouri businesses facing significant added costs and warned that a future ballot initiative could create a patchwork of local minimum wages. In response to questions, she said Missouri’s law did not distinguish by age or industry, that businesses had raised concerns about union contracts and compliance, and that the chamber viewed the measure as harmful to competitiveness. Peter Hansen of NFIB presented the final major testimony, summarizing an NFIB study projecting that a higher Oklahoma minimum wage would produce some short-term GDP gains but longer-term losses, with GDP turning negative by the early 2030s and job losses growing over time. He said businesses respond to higher wage mandates by raising prices, trimming jobs, converting full-time positions to part-time, reducing benefits, and shifting investment toward automation or other capital. He argued that the burden falls most heavily on vulnerable workers such as young or marginal employees, who are less likely to be hired when labor costs rise. In questioning, he acknowledged that higher wages can improve pay for some workers and may have some short-term positive effects, but maintained that the long-term employment and investment effects are negative. No votes or formal actions were taken in the meeting.

Transcript Highlights:

• And if you could add, because currently CDPH in their calculations don't include IEPs and their calculations
• So I think it has to do with the way they need to make their calculation.
• You know, it's interesting.
• That is not necessarily in their best interest or the best interest of their child.
• It's interesting.

Keywords: 987, senate, all

Transcript Highlights:

• And I just did some calculation. We're both driving about 12,000 miles a year on average.
• And I just did some calculation. We're both driving about 12,000 miles a year on average.
• There is no interest or desire to have a new tax that is piled on top of that gas tax.
• I'll go into the highway use fee calculations in a later slide.
• Interesting.

Summary: The Assembly Transportation Committee first took up three highway naming resolutions on its consent calendar: ACR 109, SCR 78, and SCR 90. The committee approved the consent calendar with 11 aye votes and no no votes, then adjourned the bill-hearing portion. Members also recognized committee science fellow AJ Mendeola for his service, noting his contributions to bill analysis and staff support. The committee then held an informational hearing on alternatives to the gas tax, focused on the projected decline in fuel-tax revenue and the need for a more sustainable transportation funding model. The chair and invited experts described how inflation, improved fuel efficiency, and growth in electric and other alternative-fuel vehicles are eroding gas-tax revenues. Presenters from the National Conference of State Legislatures and the University of California discussed state options such as higher or indexed gas taxes, EV registration fees, road usage charges, delivery fees, public EV charging fees, transportation network company fees, and managed lanes, emphasizing tradeoffs among revenue adequacy, fairness, administrative cost, and public acceptance. Committee members raised concerns that mileage-based fees or EV fees could function as new taxes on commuters and lower-income drivers, especially if the gas tax is not repealed. Presenters responded that road usage charges are generally intended as replacements for the gas tax, not additions, and argued that mileage-based systems better preserve the user-pays principle while being less tied to vehicle fuel efficiency. They also noted that flat EV registration fees are easy to administer but can be less equitable because they are not linked to actual road use. Officials from Hawaii, Utah, and Oregon described their state programs and policy choices. Hawaii said its new road usage charge began July 1, 2025, for EVs, offers a choice between a per-mile charge and a flat annual fee through 2028, and will transition to mandatory EV participation before expanding to all light-duty vehicles by 2033. Utah described its voluntary EV road usage charge program, quarterly reporting, privacy protections, and legislative scenarios for removing the cap or making participation mandatory. Oregon outlined its constitutional cost-responsibility framework and broader transportation funding challenges, including reliance on user fees and limited use of general-fund support.

Transcript Highlights:

• Her clinical interests focus on preventative medicine. And patient education.
• It was an interesting group.
• This is so interesting that I serve on his committee and he serves on my committee.
• It's quite an interesting conversation. Senator Perry.
• more importantly, I think... that are affected by this will realize that we're putting the best interest

Bills: SB27, SB30, SB293, HB4, HB2974, HB5138, SJR36, SJR50, SJR63, SCR12, SCR39, SB2023, SB62, SB666, SB847, SB284, SB854, SB810, SB1505, SB583, SB507, SB1434, SB1772, SB2016, SB1122, SB731, SB397, SB508, SB1436, SB287, SB1882, SB393, SB1791, SB209, SB2429, SB1085, SB1975, SB2717, SB1262, SB636, SB2056, SB884, SB1200, SB1845, SB2458, SB801, SB3014, SB3013, SB758, SB2797, SB2076, SB2876, SB1640, SB1449, SB1181, SB1234, SB2926, SB2841, SB1528, SB1854, SB317, SB1250, SB2082, SB1237, SB2819, SB629, SB2608, SB1602, SB2009, SB867, SB640, SB1698, SB2680, SB913, SB1071, SB1086, SB1087, SB1483, SB1444, SB1553, SB1556, SB1703, SB2133, SB2297, SB2298, SB2622, SB2955, SB2334, SB1367, SB2044, SB2363, SB2565, SB1888, SB3036, SB3057, SB3043, SB3063, SB3035, SB203, SB2688, SB2522, SB2459, SB2655, SB2251, SB1884, SB2928, SB2566, SB2549, SB2553, SB2919, SB1944, SB1232, SB1798, SB2603, SB2607, SB2683, SB1319, SB3045, SB3071, HB796, HB1523, HB5294, HB748, HB3395, HB180, HB3171, HB146, HB5596, HB5694, HB1135, HB3225, HB186, HB1449, HB3793, HB112, HB104, HB3336, HB3520, HB3320, HB5663, HB2399, HB111, HB3483, HB4580, HB3748, HB632, HB4730, HB5690, HB5689, HB3385, HB4359, HB5381, HB123, HB5606, HB1057, HB3664, HCR141, HCR40, HCR59

Keywords: judicial conduct, judges discipline, judicial compensation, retirement benefits, judicial transparency, SJR 50, constitutional amendment, Texas Constitution, Article VIII, securities tax, transaction tax, occupation tax, financial markets, broker-dealer, stock exchange, securities exchange, trading platform, clearing agency, transfer agent, FINRA

Bills: SB27, SB30, SB293, HB4, HB2974, HB5138, SJR36, SJR50, SJR63, SCR12, SCR39, SB2023, SB62, SB666, SB847, SB284, SB854, SB810, SB1505, SB583, SB507, SB1434, SB1772, SB2016, SB1122, SB731, SB397, SB508, SB1436, SB287, SB1882, SB393, SB1791, SB209, SB2429, SB1085, SB1975, SB2717, SB1262, SB636, SB2056, SB884, SB1200, SB1845, SB2458, SB801, SB3014, SB3013, SB758, SB2797, SB2076, SB2876, SB1640, SB1449, SB1181, SB1234, SB2926, SB2841, SB1528, SB1854, SB317, SB1250, SB2082, SB1237, SB2819, SB629, SB2608, SB1602, SB2009, SB867, SB640, SB1698, SB2680, SB913, SB1071, SB1086, SB1087, SB1483, SB1444, SB1553, SB1556, SB1703, SB2133, SB2297, SB2298, SB2622, SB2955, SB2334, SB1367, SB2044, SB2363, SB2565, SB1888, SB3036, SB3057, SB3043, SB3063, SB3035, SB203, SB2688, SB2522, SB2459, SB2655, SB2251, SB1884, SB2928, SB2566, SB2549, SB2553, SB2919, SB1944, SB1232, SB1798, SB2603, SB2607, SB2683, SB1319, SB3045, SB3071, HB796, HB1523, HB5294, HB748, HB3395, HB180, HB3171, HB146, HB5596, HB5694, HB1135, HB3225, HB186, HB1449, HB3793, HB112, HB104, HB3336, HB3520, HB3320, HB5663, HB2399, HB111, HB3483, HB4580, HB3748, HB632, HB4730, HB5690, HB5689, HB3385, HB4359, HB5381, HB123, HB5606, HB1057, HB3664, HCR141, HCR40, HCR59

Keywords: judicial conduct, judges discipline, judicial compensation, retirement benefits, judicial transparency, SJR 50, constitutional amendment, Texas Constitution, Article VIII, securities tax, transaction tax, occupation tax, financial markets, broker-dealer, stock exchange, securities exchange, trading platform, clearing agency, transfer agent, FINRA

Transcript Highlights:

• I brought it to the family's house and asked mom and dad if they were interested in it.
• And it would be interesting if you do have any further information on that, because it would give us
• Do you envision that there would be this same calculation for Chapter 70 dollars for that district, and
• And hopefully we will... would be something calculated outside of Chapter 70 over and above the Chapter
• According to the MIT Living Wage Calculator, ESP salaries fall far below the cost of living in their

Keywords: 995, all

Summary: The Joint Committee on Education held a public hearing on a large slate of bills, with most testimony focused on two main topics: improving access to augmentative and alternative communication (AAC) for students with disabilities, and raising educator pay statewide. On the AAC bills (House 514/Senate 418), parents, advocates, and attorneys described how AAC devices and communication books help nonverbal or minimally verbal children communicate, participate in class, and reduce frustration and behavioral issues. Testimony emphasized that while districts are generally required to provide devices, many teachers and school staff lack training to use them effectively; the bill would direct DESE to update licensure and training requirements so newly licensed teachers are prepared to support AAC users. Committee members asked about current teacher-prep practices, implementation, and whether DESE could act without legislation, and witnesses said the proposal was intended as a long-term solution and had previously received some support and compromise language. The committee also heard extensive testimony on House 733/Senate 370, which would set a statewide minimum salary of $70,000 for teachers and $55,000 for education support professionals (ESPs/paras), with inflation adjustments and a phase-in structure that would shift costs over time from the state to municipalities. Supporters, including the bill sponsor, MTA leaders, and school employees from several districts, argued that current pay is not a living wage, contributes to staffing shortages and turnover, and forces many educators to work multiple jobs or rely on public assistance. They said the bill would help recruit and retain staff and better reflect the importance of the work. Committee members raised questions about how the state would fund the mandate, how it would interact with Chapter 70 school aid and local budgets, whether other states have similar mechanisms, and whether the proposal could create disincentives for districts already paying above the floor. Witnesses pointed to the Student Opportunity Act, the Fair Share Amendment, and the need for a broader school funding formula review as possible parts of the solution. The committee also briefly heard and discussed Senate Bill 435/House Bill 736, which would require de-escalation training for school bus operators, with the training paid for by employers. The sponsor and a parent advocate said the bill was prompted by a school bus incident involving a child with cerebral palsy and epilepsy and would improve safety and reduce reliance on law enforcement. Members asked whether the bill should also cover bus monitors and other transportation staff, and whether private contractors and public operators currently provide similar training. At the end of the hearing, the chairs closed testimony on the full list of bills and adjourned the hearing without taking any votes.

Transcript Highlights:

• Did you happen to calculate how much this would be by any chance? We do have calculations.
• It provided calculated amounts for specific suggestions.
• The 1.68% we had to calculate.
• Has everyone signed up who is interested in speaking today?
• It brings up an interesting question.

Transcript Highlights:

• The cap is calculated as an amount not to exceed 10 percent of certain general revenue deposited during
• the previous biennium, sourced from investment income, interest income, and amounts borrowed from special
• It's oil and gas revenue, investment, interest earnings, and the balance of the fund.
• So about $50 billion of the calculation is actually not state-generated revenue.
• Calculated based on that, it would yield a different, a much smaller number. Yes. Okay.

Bills: SJR4, SJR 4

Keywords: economic stabilization fund, state finance, constitutional amendment, budget management, financial security, term limits, state offices, governor, lieutenant governor, election reform, 1184, house, all

Transcript Highlights:

• I'm just interested in the or anything.
• Then how close are those rates to the calculated rates?
• Then how close are those rates to the calculated rates?
• Then how close are those rates to the calculated rates?
• <01:21:10.080> rates calculated rates calculated rates I<01:21:12.239> say<01:21:12.400

Keywords: 958, all

Summary: The committee met with a quorum and first approved the minutes from its May 13 meeting. Members then reviewed a deferred contract with the Kentucky Board of Pharmacy for the Kentucky Pharmacist Recovery Network (KYPRN), a program that provides monitoring and support for pharmacists and pharmacy interns with substance abuse or mental health issues. Board representatives explained that the contract is a long-running arrangement, renewed periodically, with an option for two additional two-year renewals. Senators asked about the program’s structure, participation trends, follow-up, and consequences for noncompliance. The board said enrollment has remained fairly consistent at about 52 participants, with roughly 500 participants over the life of the program, weekly and monthly check-ins during the five-year typical enrollment period, and possible additional sanctions if participants fail to meet obligations. The committee then approved the contract. The committee next considered a group of economic development contracts, including items from the Cabinet for Economic Development. Secretary Jeff Null and general counsel Matt Wingate testified about contracts tied to regional innovation and entrepreneurship hubs. Members focused on the large differences in funding between regions and pressed for more support for rural and eastern Kentucky. Null said the cabinet is working on a more tailored, non-one-size-fits-all approach, including possible changes to capital support, build-to-suit options, and additional resources for rural areas. He said the hubs have helped 193 startups over the last two years and helped attract nearly $350 million in private capital, and he agreed to provide a written report by hub district on startup viability. The committee approved the economic development contracts. The Kentucky Lottery Corporation then presented its contracts with vendor IGT for retail and internet sales systems. Lottery officials said the contracts are mission-critical, cover both the traditional retail system and iLottery, and are structured as a percentage of sales so no payment is made until revenue is earned. They described planned equipment upgrades, including refreshed terminals, new ticket checkers, cashless vending and bill acceptors, and connected-play features that would link retail and online wallets. Officials said keeping the same vendor reduces the risk of business disruption and that the arrangement has already produced cost savings. They also said the lottery continues to see year-over-year growth and expects to meet its annual contribution target of $360 million for scholarships and grants. The committee approved the lottery contract after discussion.

Transcript Highlights:

• Though it is no less dangerous to American interests.
• This bill is kind of a fix to make sure that we clarify the calculation method utilizing that, and all
• Once again, we're just switching the calculation method. and make it a fair and accurate comparison for
• So instead of averaging the class rank, calculate the median, which is the... middle of the distribution
• It's not really about this bill, but it's interesting to me that she couldn't drive.

Bills: HB173, HB184, HB484, HB678, HB 1211, HB1507, HB1705, HB1868, HB2290, HB2851, HB2856, HB3041, HB3204, HB173, HB184

Keywords: foreign donations, higher education, public institutions, national security, funding, prohibition, Texas law, healthcare, insurance, affordability, access, public health, foreign influence, education policy, student loan repayment, prosecuting attorneys, border prosecution unit, financial assistance, tobacco, cigarettes

Transcript Highlights:

• To do that, we looked at the same calculation any developer is making.
• They love the calculator, which I'll be showing in just a moment, because they're...
• It might be interesting to look into it. Yeah.
• There's at least one bank that's interested in financing for us right now.
• Now, mostly you all are interested in the way that we provide affordable housing.

Summary: The Senate Housing Committee heard presentations on a range of housing finance, permitting, and affordability tools. Chattanooga described its affordable housing PILOT program, which uses a per-unit property tax abatement tied to the rent loss from providing affordable units, with a 15-year term and annual compliance monitoring. Committee members asked about the program’s structure, whether it had been used elsewhere, and who was participating; the presenter said the first mixed-income project would bring 278 units with 42 affordable units and that the model was attracting private market-rate developers. Shoreline then described its MFTE and inclusionary zoning approach, emphasizing that longer tax exemption periods and station-area zoning changes had helped spur development, with most current pipeline projects concentrated near light rail stations. The committee also heard from the Municipal Research Services Center and the Department of Commerce on tax increment financing, proportional impact fees, and permit timelines. Commerce explained that TIF can fund public improvements such as roads, utilities, broadband, and some affordable housing or child care facilities, while proportional impact fee guidance is intended to help jurisdictions charge fees more closely aligned with actual project impacts. On permit timelines, Commerce presented its first annual report under recent law changes, using 2024 as a baseline year and noting that reported timelines were generally longer than statutory goals; members asked about outliers, paper versus electronic processing, and whether back-and-forth between applicants and staff was driving delays. Commerce said it would follow up with more data, including on CHIP funding and permit reform practices. Several local governments then shared permitting process improvements. Auburn reported relatively short review cycles and described its move to fully electronic permitting, internal performance standards, and a stock plan program that speeds review for repeated home designs. Bellevue described an AI permitting pilot with a local startup to help with pre-application questions, document triage, and plan review, aiming to reduce incomplete applications and revision cycles. Seattle presented a pilot for accessory dwelling unit co-development in which a mission-driven partner would help homeowners split lots, finance, build, and manage ADUs, with the homeowner eventually buying out the partner and retaining ownership; committee members asked about rent setting, management fees, and default risk, and staff said they would follow up. The committee also heard brief overviews of community land trusts and limited equity cooperatives as permanent affordability models, with presenters urging continued state and local funding support and policy recognition for these approaches.

Transcript Highlights:

• I think there's interest there, but it needs to be institutional interest.
• We've certainly had interest from UNM.
• We may be interested that Dr.
• So, Madam Chair, that is part of the calculation.
• It's just interesting. How do we know? We can maybe...

Transcript Highlights:

• For investor-owned electric utilities that elect to calculate the benefit of... ...efficiency resources
• for investor-owned electric utilities that elect to calculate the benefit of avoided utility greenhouse
• That change will allow us to support the bill, and it's really just a common-sense change to calculate
• the utilities do a calculation.
• To many of the business interests that are sort of wrapped up in potential work and business interests

Keywords: 996, all

Transcript Highlights:

• The department revised its 3rd calculation and began distributing fefp funds to school district.
• Based upon that calculation, the February 2025 Fte survey was also completed.
• However, the department did not do a 4th calculation of the fefp rather.
• So the calculations as the second and 3rd conference calculation, which is the first and that sets the
• We're actually calculated for purposes of the 3 year outlook for the fefp.