Transcript Highlights:

• I wanted to share the current transactions to AFERS monthly, but the rest of the university sent only
• What's excluded from AFERS today is the transaction level detail and the vendor payment information,
• Monthly, before AFERS closes, transactions are submitted at a summary level.
• Monthly, before AFERS closes, transactions are submitted at a summary level to AFERS by fund.
• The required FDM, or foundation data model, codes depend on the different transaction types.

Committee: Joint Joint Higher Education Committee

Summary: The Joint Higher Education Committee met for a work session on higher education accounting practices and financial transparency. OFM Deputy Director Sarah Rupp explained how state accounting rules and higher education reporting differ, including what data is captured in AFRS today and what will move into Workday, with universities generally reporting summary-level fund data, mandatory codes, and most balance sheet and income statement activity, but not transaction-level detail or vendor payment information. Representatives from the University of Washington and Washington State University described the complexity of their own accounting systems, the many entities and business lines they must track for audits and compliance, and the need to reconcile university-level accrual accounting with state reporting requirements. The committee also heard from the Education Research and Data Center on the public four-year finance dashboard created under Senate Bill 5512; ERDC said the dashboard is based on publicly available data, is best used to examine institutions individually rather than compare them directly, and will be updated with additional metrics in 2025 and 2026. The committee then received a presentation from the Washington Student Achievement Council on the Workforce Education Investment Account (WIA). Joel Anderson reviewed WIA’s creation under House Bill 2158, its revenue sources, and its intended uses for higher education, financial aid, and workforce development. He said recent legislation significantly increased WIA revenues and that, in the 2025–27 budget, the account is being used in new ways, including to replace general fund support for University of Washington operations and to fund a larger share of the Washington College Grant and some faculty compensation costs. Anderson said roughly 98% of current WIA appropriations go to higher education, but the share used to supplant other higher education funding has grown, and he estimated about 60% to 70% of current spending still aligns with the account’s original intent. He also described a new effort to track WIA appropriations across biennia in more detail and noted the WIA Oversight Board’s role in recommending uses of the account and monitoring outcomes. No votes were taken; the committee ended by moving into executive session for staffing issues and then adjourned.

Transcript Highlights:

• We have an existing law that requires notice of certain health care marketplace transactions be given
• This broadens the list of those transactions that would be subject to that notification requirement,
• This bill exempts from the requirements for solicited real estate transactions any public entity, a federally
• This bill exempts from the requirements for solicited real estate transactions any public entity, a federally
• This bill exempts from the requirements for solicited real estate transactions any public entity, a federally

Committee: Senate Rules

Transcript Highlights:

• before a transaction.
• This bill also addresses fraud prevention and transaction limits.
• before a transaction.
• Transaction operators must clearly disclose the U.S. dollar amount, all fees, the total transaction amount
• This bill also addresses fraud prevention and transaction limits.

Bills: SB8 , SB22 , SB137 , HB295 , HB2 , HB343 , HB220 , HB303 , HB81 , SB8 , SB22 , SB137 , HB295 , HB2 , HB343 , HB220 , HB303 , HB81

Committee: House State Government

Keywords: emergency management, public funds, educational materials, state legislation, disaster response, uniformity, state laws, legislative commission, appointments, government structure, resilience, natural disasters, risk management, Alabama Resilience Council, Chief Resilience Officer, state planning, environmental protection, community preparedness, Alabama Office of Civic Engagement, Alabama Office of Minority Affairs

Transcript Highlights:

• You had to go to one terminal to do your driver's license, have one transaction, then you had to go get
• in line again to go to a different terminal to get a motor vehicle transaction.
• So now, we'll be able to do both those transactions from one terminal.
• One time again, it should cut our transaction time almost in half.
• When we took over, our transaction time was 25 to 30 minutes.

Transcript Highlights:

• 00:01:53.520><c> estate</c> and a client and in a real estate and a client and in a real estate transaction
• Under current law, there transaction.
• I believe that real good real estate transactions are built on relationships, not signed agreements.
• I believe that real good real estate<00:07:07.360><c> transactions</c><00:07:08.000><c> are</c><00:07
• :08.240><c> built</c><00:07:08.479><c> on</c> estate transactions are built on estate transactions are

Bills: HB0002 , HB0022

Committee: House Corporations, Elections & Political Subdivisions

Transcript Highlights:

• No different than they would discover any recorded documents during a transaction in the future, right
• The domino effect, or the waterfall effect, of a property transaction, especially when you're talking
• So I envision, to the extent that this land does transact—and remember, this bill doesn't contemplate
• transactions, it contemplates an owner's risk profile, expresses strict liability, right?
• Anyone who has transacted real estate has seen a title report; it will be on the title report.

Summary: The State Affairs Committee opened with a tribute to the late Representative Joe Casello, with remarks from the chair and Ranking Member Eskamani honoring his service, especially his advocacy for first responders, veterans, and working people. The committee then turned to its only bill, HB 167, which would remove strict liability for certain previously mined phosphate lands if the landowner notifies the county and requests a Department of Health radiation survey. The sponsor said the bill is intended to create a voluntary process, add data about the land, and provide notice through the public record and title process. Members asked extensive questions about who pays for the surveys, how notice would reach future buyers, whether the bill affects renters or construction workers, and whether it would impact pending lawsuits. The sponsor said the landowner would pay for the survey needed to remove strict liability, plaintiffs would pay for surveys in litigation, the bill does not address OSHA or rental disclosures, and it would not apply retroactively to current cases because the complaint must include a survey. Supporters argued the bill simply replaces automatic liability with recorded notice and due diligence, while opponents said it could leave families and renters without adequate warning and should include stronger disclosure protections. Public testimony was in support from the Florida Chamber of Commerce, Associated Industries of Florida, and one individual. After debate, the committee voted 18-8 to report HB 167 favorably.

Transcript Highlights:

• </c> collecting on real estate transactions collecting on real estate transactions to<02:10:26.639><c
• </c><02:14:08.639><c> in</c> recording real estate transactions in recording real estate transactions
• </c> uh related to real estate transactions uh related to real estate transactions and<02:20:07.840><
• Is the volume of real estate transactions increased? Real estate transactions have increased.
• </c> firearm owners, or transactions. firearm owners, or transactions.

Transcript Highlights:

• Well first, I think there's two different components to this one transactions through the Department
• They must be at least 17 years and 10 months old at the time of the transaction.
• That person makes their voter registration selection and they complete their transaction.
• At the end of the transaction, so whether they select yes or no, it's on there.
• It looks like each year we have done between 1.1 and 1.4 million. million voter transactions online.

Committee: House Elections

Transcript Highlights:

• But we know the majority of the sales of homes are not cash transactions.
• , real estate transactions are done cash.
• understand being in the market being in this space, that home inspect doors are not used on every transaction
• be mandated on every one of home inspector that is going to be mandated on every one of these transactions
• homes, our cash transactions, where the home inspection is not needed.

Transcript Highlights:

• Well, keep in mind our transactions.
• You do have a rescission period of 7 days to cancel your transaction.
• You do have a rescission period of 7 days to cancel your transaction.
• You do have a rescission period of 7 days to cancel your transaction.
• You do have a rescission period of 7 days to cancel your transaction.

Committee: Senate Economic Development and Tourism

Summary: The Senate Committees on Economic Development and Tourism and on Transportation, Culture, and the Arts heard HCR 142, which urges the Hawaii Tourism Authority and Department of Transportation to expand the airport greetings program to display art in all neighbor island airports. Testimony from CARES supported the measure, emphasizing that public art and youth art competitions help educate keiki, strengthen cultural understanding, and support economic development through Hawaii’s creative industries. No one testified in opposition, and members raised no questions. Both committees recommended passage of HCR 142 unamended. The measure was adopted by voice vote in each committee, with some members excused. Later, the Senate Committee on Economic Development and Tourism heard HTR 102, which concerns translating the real estate salesperson exam into Japanese for timeshare-related sales. Supporters, including DBEDT and ARDA Hawaii, argued the change would help Japanese-speaking applicants, improve workforce recruitment, and support Hawaii’s timeshare industry and Japanese visitor market. A representative from APAC Hawaii supported the idea but suggested considering additional languages such as Korean, Chinese, and Filipino. Some senators questioned whether the proposal adequately addressed continuing education and long-term English proficiency, and the Real Estate Commission explained it does not currently issue a limited timeshare salesperson license and that the proposal would not restrict licensees from selling other real estate products. The committee also heard HCR 156, which asks the Hawaii Technology Development Corporation to increase its focus on advanced manufacturing and cybersecurity to support economic diversification, high-wage jobs, innovation, and national security. HTDC and the Hawaii Military Affairs Council supported the resolution, citing the recent federal discontinuation of the local Manufacturing Extension Partnership program, Innovate Hawaii, and the loss of related staff positions as reasons to reinforce state support. Testimony and discussion stressed cybersecurity, supply-chain resilience, automation, and the need to sustain manufacturing momentum in Hawaii. Both HTR 102 and HCR 156 were recommended for passage as is and were adopted by the committee, with some members excused.

Transcript Highlights:

• California, South of the transaction.
• </c> this ensures that all EWA transactions this ensures that all EWA transactions are<01:30:58.000><
• That's not a zero-sum transaction.
• We keep saying this is transaction.
• </c> not a zero sum transaction. not a zero sum transaction.

Bills: HF2400 , HF1724 , HF3437 , HF4333 , HF2874 , HF4052

Committee: House Commerce Finance and Policy

Keywords: real estate, appraisers, disciplinary actions, sanction matrix, Minnesota Statutes, direct primary care, healthcare agreements, medical services, patient care, health insurance, mortgage fees, residential loans, commercial loans, finance regulations, investment properties, insurance, supplemental health insurance, short-term care, home health care, nursing care

Transcript Highlights:

• We then work with them throughout the transaction.
• As I said, there are many lawyers involved in all these transactions.
• However, in some transactions, you can see those roles separated.
• So the trustee, every transaction like this will have a trustee.
• Between the state and the IRS in that transaction.

Committee: House New Mexico Finance Authority Oversight Committee

Transcript Highlights:

• So we are the only one without electronic um means of transacting business and it's for the same reason
• . and we had debit cards for transactions. and we had a<00:02:38.640><c> lot</c><00:02:38.720><c> of<
• </c> electronic um means of transacting electronic um means of transacting business<00:04:38.880><c>
• The transaction fees are too high.
• The transaction fees are too high. it.

Bills: SF0024

Committee: House Travel, Recreation, Wildlife & Cultural Resources

Transcript Highlights:

• gold. ...to present HB 2123, which is the state gold bullion and transactional gold.
• This is transactional gold.
• And buying the transactional gold, which is in this bill, and having this, it makes that available to
• Hi, my name is Laurie Bolton, and I am with the Transactional Gold and Silver Project.
• Hi, my name is Laurie Bolton and I am with the transactional gold and silver project.

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:

• For related transaction fee and tax collection and materials if the fee is disclosed in writing to the
• Therefore, the actual amount collected per transaction is uncertain.
• We do know, what we do know is that there's an estimated 800,000 transactions, meaning vehicle sales
• And each transaction that took place at those locations... ...under its separate license.
• And each transaction that took place at those locations would be subject to these fees in the same way

Committee: House Transportation

Transcript Highlights:

• But we know the majority of the sales of homes are not cash transactions.
• in the market, being in this space, home inspectors are not used on every transaction.
• But a home inspector is a completely different person that you don't need on a transaction.
• There's going to be, with cash transactions, when there is no home inspector.
• There's going to be with cash transactions, when there is no home inspector. Let's do this.

Summary: The Committee on Regulated Industries met with a quorum and took up several bills, beginning with CS for SB 592, the My Safe Florida Condominium Pilot Program. The bill was explained as revising condominium eligibility and grant rules, lowering the approval threshold to 75%, changing roof project rules, capping reimbursement at $175,000 per association, and excluding detached units. Two amendments were adopted, including one clarifying the three-story threshold and another adding wind-driven rain mitigation devices for sliding glass doors as an eligible improvement. A late-filed amendment to appropriate $500 million for the program was adopted on a roll call vote, but the bill itself was then reported favorably. Testimony generally supported the program, with members noting strong demand and the need for more funding, though one amendment drew concern from a window manufacturer and some members about product approval and fairness. The committee then approved CS for SB 622 on pari-mutuel permit holders, which would allow certain facilities to be leased to Hialeah permit holders and other same-class permit holders, with an amendment making the lessee eligible to apply for, rather than automatically receive, a license for inter-track wagering or Hialeah games. CS for SB 1404 on illegal gambling was also reported favorably after amendments added a declaratory judgment process for veterans organizations, strengthened ethics/revolving-door restrictions for Gaming Commission personnel, and then withdrew a late amendment concerning a Miami casino property. Prosecutors and the Gaming Control Commission supported the bill as a tool to target criminal gambling operations, while amusement machine operators and veterans groups raised concerns about overbreadth and uncertainty for lawful operators. SB 604 on residential swimming pool requirements was temporarily postponed after questions about how the new sale/transfer disclosure and safety-feature requirement would work in practice, especially for cash transactions and whether home inspectors would be involved. SB 1682, adding 911 dispatchers to the definition of first responder, was reported favorably with support from dispatchers and members who emphasized the trauma and public safety role of telecommunicators. SB 818 on utility relocation and SB 1228 on spring restoration were both reported favorably, with counties opposing the utility bill as a cost shift to taxpayers and the spring bill drawing support from JEA. The committee also approved CS for SB 948 on flood disclosures for tenants and condo buyers, and CS for SB 1742, a major condominium and cooperative association reform bill that would adjust reserve funding rules, allow temporary reserve pauses after milestone inspections, require substitute budgets over a certain threshold, permit lines of credit in lieu of reserves through 2028, expand disclosure and data reporting, and add conflict-of-interest and governance changes. The condo bill drew extensive discussion and testimony, with supporters praising the flexibility and transparency provisions and some owners urging additional relief for inland, lower-rise buildings; it was ultimately reported favorably.

Transcript Highlights:

• We know on the Cape and Islands, most high-value transactions are luxury vacation homes.
• And if any fees in a market transaction or real estate transaction are part of the cost, that means that
• over a million dollars, with the first million of every transaction exempt.
• It's a modest fee on luxury real estate transactions.
• The study shows that transactions plunged 10% for every 1% of tax added.

Committee: Joint Joint Committee on Revenue

Summary: The Joint Committee on Revenue held a public hearing on a series of bills focused largely on local-option real estate transfer fees and housing funding tools for communities facing severe affordability pressures. Testimony strongly favored bills for Somerville, Concord, Martha’s Vineyard, Nantucket, Chatham, and a statewide local-option transfer fee, with speakers arguing that high-end real estate transactions should help fund affordable housing, anti-displacement efforts, workforce housing, and related capital improvements. Elected officials and local housing leaders described rising rents and home prices, investor activity, shrinking year-round housing stock, and difficulty recruiting or retaining teachers, police, health care workers, and other essential employees. Several witnesses emphasized that the proposals would be optional for municipalities, could include exemptions for first-time homebuyers or seniors, and would direct revenue into local affordable housing trust funds or housing banks. Committee members asked questions about who would pay the fee and whether it could make housing less affordable, and supporters responded that the fees would be targeted at higher-value transactions and designed with local flexibility. For Somerville, the delegation and Mayor Katjana Ballantyne backed both a local home rule petition and statewide enabling legislation, saying the city has already used zoning reform, inclusionary zoning, and local housing funds but still needs a new revenue source to address displacement and investor-driven purchases. For Concord, Representative Carmine Gentile and Concord housing advocates supported a home rule petition and the statewide bill, arguing that a modest fee on sales above $1 million could generate predictable revenue for affordable housing production and preservation. One committee exchange focused on whether the fee would affect most Concord sales and whether it would be passed on to buyers; supporters said the policy was intended to shift costs toward higher-value properties and help leverage other funding sources. The committee also heard testimony on House 4105, which would redirect a casino-related revenue stream to the Healthy Incentives Program. Farmers, advocates, and residents said the current funding was originally intended to support horse racing but has not met that goal, and that the money would be better used to support Massachusetts farmers and food-insecure residents through HIP. In a separate bill, Senator Becca Rausch testified in support of Senate 268, which would create a state-level hostile learning environment complaint process for higher education institutions and potentially strip tax exemptions from colleges or universities found to have such environments; she cited anti-Semitic and transphobic incidents on campuses and argued that existing federal protections should be mirrored in state law. The hearing also included testimony on college tuition debt reduction legislation from Senator Michael Moore, who said the bill would allow a deduction for tuition and fees paid to Massachusetts public colleges and universities to ease student debt and support the state’s workforce. A major portion of the hearing focused on Martha’s Vineyard and Nantucket housing bank proposals. Hospital, school, housing, planning, and municipal officials from Martha’s Vineyard said the island’s year-round housing shortage is harming health care, schools, and the local workforce, and urged approval of a housing bank funded by a local-option transfer fee. Nantucket witnesses made similar arguments, pointing to a very high median home price, a large seasonal housing stock, and the need for a dedicated revenue stream to preserve and create year-round housing. Supporters repeatedly cited the long-running success of the islands’ land banks as evidence that transfer fees can work without harming real estate markets. Senator Julian Cyr and Representative Thomas Moakley Luddy also backed the Cape and Islands transfer-fee bills, saying the region needs bold action and a sustainable local funding source to address its housing crisis.

Transcript Highlights:

• So that means those sales have to be good qualified arm's-length transactions.
• We found out that it was a bank transaction, but it was a bank buying a piece of property for a branch
• So it was an arm's-length transaction. So we have to go through that verification process.
• So it was an arm's link transaction. So we have to go through that verification process.
• And we So it was an arm's link transaction. So we have to go through that verification process.

Committee: Senate Finance and Tax

Summary: The Committee on Finance and Tax met with a quorum present and heard a presentation from the Property Appraisers Association of Florida on ad valorem valuation, exemptions, and the property tax process. Lauren Levy reviewed the legal and historical framework of Florida property taxation, including Save Our Homes, the 10% cap on non-homestead assessments, portability, tangible personal property exemptions, TRIM notices, and the distinction between taxable value and millage rates. He emphasized that property appraisers are independent constitutional officers who assess just value, administer exemptions, and are overseen by the Department of Revenue, with values and exemptions generally determined as of January 1 and subject to challenge through the Value Adjustment Board or circuit court. Mike Twitty described the mass appraisal process in Pinellas County, explaining how property appraisers value large numbers of parcels using the same core approaches as fee appraisals but with statistical testing, field reviews, aerial imagery, and technology. He discussed the importance of budget, staffing, and the January 1 valuation date, and noted that recent hurricanes caused significant damage, increased petitions, and required new procedures to help property owners with value reductions and FEMA-related issues. Paul Polk focused on Department of Revenue oversight, explaining sales ratio studies, uniformity measures such as COD and PRD, time adjustments, sales qualification reviews, and in-depth studies that can lead to corrective action if assessment standards are not met. He also noted that the Department reviews property appraiser budgets to preserve independence from county pressure. Senators asked about the supersized homestead concept, DOR review and rejection standards, value trends, and the impact of storms and new construction on taxable value. Twitty and Polk said value growth has been driven by a mix of new construction, market appreciation, cap resets, and storm-related adjustments, while noting that some counties saw market value decline even as taxable value rose. They also said some property tax relief proposals would be easier to implement than others depending on how local tax bills are structured, especially where law enforcement millage is separately identified. No votes were taken on legislation, and the committee adjourned after the presentation.

Transcript Highlights:

• First, we have to take into consideration how a transaction works.
• you're actually prohibiting the opportunity for somebody to sell their home and to profit in that transaction
• First, we have to take into consideration how a transaction works.
• works you have a William buyer or We have to take into consideration how a transaction works.
• Second, I'm and to profit in that transaction.

Committee: House Housing

Transcript Highlights:

• This bill extends it to all firearms transactions.
• across multiple transaction records across multiple dealers. dealers. dealers.
• </c> the transaction the transaction um<01:45:32.960><c> and</c><01:45:33.280><c> the</c><01:45:33.600
• </c> background check before that transaction background check before that transaction can<02:27:45.680
• </c> complete lawful transactions. complete lawful transactions.