Transcript Highlights:

• An institutional investor, for example, a pension fund or an endowment, may be invested in hundreds or
• Because of the size of the pension funds and the fact that they...
• In other words, most people don't manage their own pension funds.
• You're a 401k holder, or you have your pension fund operated by the state or the university endowment
• Pension fund managers have one job: deliver the best financial outcomes. for Texas public servants.

Bills: SB312 , SB945 , SB946 , SB1367 , SB1861 , SB2044 , SB2337 , SB2403 , SB2819 , SJR54

Committee: Senate State Affairs

Transcript Highlights:

• funds and all those who work with them and have any fiduciary duty to those funds to invest and manage
• funds and all the pensioners.
• The pension funds would say, we're going to do business with you, but you must have a policy that aligns
• funds exposed to long-term losses.
• And it also potentially leaves our pension funds exposed to long-term losses.

Bills: HB1170

Committee: Senate Retirement and Government Resources

Summary: The Senate Committee on Retirement and Government Affairs met to consider two executive nominations and House Bill 1170. Mark Wood was introduced as nominee to lead OMES; he described his background in public accounting and tax administration, said his focus would be on stabilizing the agency, improving efficiency, and balancing accountability with service. Senators asked about OMES’s core mission and whether some duties should be returned to agencies; Wood said he would keep an open mind and work with legislators on possible changes. The committee advanced his nomination on a 9-0 vote. The committee then heard Dwayne Helmberger’s nomination to the State Fire Marshal Commission. Helmberger, currently Stillwater fire chief and formerly assistant chief in Midwest City, emphasized code administration, education, and coordination with other agencies. Senators questioned him about backlogs in fire marshal inspections for marijuana grow operations and certificates of occupancy; he said the backlog was driven by the volume of applications and could be addressed through better planning, coordination, and logistics. His nomination also advanced unanimously, 9-0. Finally, the committee considered House Bill 1170, which would direct pension fiduciaries to focus on pecuniary interests and avoid non-financial ESG considerations. Senator Daniels explained that the bill was intended to clarify state policy and align definitions with related measures, and she requested a title strike while continuing to work on the language. Members raised concerns about due process, immunity provisions, and whether the bill would conflict with recent court rulings or still allow consideration of ESG factors when financially relevant. After debate, the committee passed the bill 6-2.

Transcript Highlights:

• It's their fund. They don't want there. It's their fund.
• </c> pension funds of thousands of pension funds of thousands of firefighters<01:45:21.160><c> across
• stay 100% funded.
• So, those those funds stay 100% funded.
• </c> Pension and Retirement. Pension and Retirement.

Transcript Highlights:

• pension system one of the best funded in the nation.
• The previous speaker mentioned pensions.
• And after I think of labor with Senator Conway, the next thing that comes to… …mentioned pensions.
• strong and sound and well-funded pension system.
• I was on the Pension Policy Committee. The staff has helped us there.

Bills: SCR8410

Keywords: returning bills to house of origin, sine die, end of session, legislative procedure, Rules Committee, third reading, unfinished business, pending bills, joint resolutions, concurrent resolutions, joint memorials, special session, bill numbering, legislative records, House of Representatives, Washington Legislature, session adjournment, procedural resolution

Summary: The Senate convened, approved the prior day’s journal, suspended rules to allow committee work and additional floor resolutions, and referred committee and gubernatorial appointment reports as designated. It then took up several gubernatorial appointments in third reading. Megan Matthews was confirmed as director of the Washington State Office of Equity by a 45-2 vote, and Robert A. Zupon, Denise E. Gideon, Andrea Buchanan, Michelle R. Smith, and Edison A. Valerio were each confirmed to various community and technical college boards of trustees by large bipartisan margins. The chamber then considered Engrossed Substitute House Bill 2711, a transportation revenue and policy measure. After rejecting the Transportation Committee’s original striking amendment and adopting a narrower floor striking amendment, senators debated the bill’s changes, including repeal of the luxury aircraft tax and replacement with higher aircraft fuel taxes, registration fees, and an annual excise tax, along with technical corrections and safety-related transportation provisions. Supporters said the bill was a workable compromise that would sustain transportation funding and support future aviation investments; opponents argued it would raise costs on small aircraft owners and general aviation. The bill passed final passage 33-15. The Senate also adopted Senate Resolution 8703 honoring Senator Steve Conway for his 34 years of legislative service. Multiple senators spoke in praise of his leadership on labor, pensions, veterans, and district advocacy, as well as his institutional knowledge, mentorship, and personal integrity. Senator Conway then offered a personal statement thanking colleagues, staff, family, and constituents, and saying he would continue advocating for working people after leaving the Legislature. The Senate then recessed for lunch and caucus.

Transcript Highlights:

• And we all know that we need to protect our pension funds for those currently serving and those well-deserving
• And we all know that we need to protect our pension funds for those currently serving and those well-deserving
• You know, we need to make sure that our pensions are funded.
• </c> pension. It's all one to me. pension. It's all one to me.
• </c> adjustment in their pension payout? adjustment in their pension payout?

Summary: The Public Pension Oversight Board met on February 13 and approved the minutes after establishing a quorum. The committee then took up three pension-related bills, beginning with Rep. Callaway’s proposal to allow certain retired police officers with 15 to 19 years of service to be rehired by local law enforcement agencies. Callaway and Brandon Lincoln of the FOP said the bill is intended to help recruitment and retention, especially for departments facing staffing shortages, and emphasized that it would be optional and would not allow double-dipping. Committee members raised concerns that lowering the service threshold from 20 to 15 years could create an unfunded liability and weaken the pension system, and several members said they did not yet fully understand how the pension and insurance provisions would work. The sponsor said she was open to working on the bill, and the chair noted the committee would continue to examine it with help from KPA staff. The second bill, presented by Rep. Lewis with Brandon Lincoln and Jeff Taylor, addressed probationary employees in CS agencies, including firefighters and police officers. The bill would let certain former probationary employees purchase service credit for time spent in probation, and would extend line-of-duty death and disability protections to employees who are injured or killed during probationary service. Testimony said the measure is optional for employers, could be used as a recruitment tool, and would allow employees within six months of the probationary period to buy back the time themselves if they choose. Members generally supported the concept, noted a negligible fiscal note, and discussed whether current employees could buy back older probationary periods; the sponsor said the bill did not appear to allow that, though he was open to further discussion. Throughout both bills, members focused on whether the proposals would create new pension costs or liabilities and how they would interact with existing retirement tiers and contribution rules. Several members asked for clarification on whether rehired workers would contribute to the pension system, whether employers would pay normal cost or any contribution at all, and whether the bills would affect future retirement benefits. The sponsors and witnesses repeatedly said the measures were limited, optional, and intended to address staffing and fairness issues without changing the core retirement system, but the committee did not take final action on the bills during the discussion.

Transcript Highlights:

• The funding status on a percent funding status, uh, three of the five insurance funds are fully funded
• </c> fully funded. fully funded.
• The $221 million is the pension. It's the insurance fund.
• So essentially full funding. funding. funding.
• </c> we're 100% funded. we're 100% funded.

Summary: The meeting began with roll call, confirmation of a quorum, and approval of the prior minutes. The main presentation was from KPPA officials Ryan Barrow and Erin Saratt on the annual actuarial valuations for the retirement and insurance systems. They said the systems’ funding status improved overall, with three of five insurance funds fully funded, CERS hazardous dropping from over 100% funded to 90.9% because of premium changes, and KRS receiving $650 million in supplemental funding over the biennium. They also reported strong investment returns above assumed rates, higher payroll and membership counts, and resulting actuarial losses tied to higher salaries and premiums, especially on the insurance side. Members asked several questions about what drove the actuarial losses and whether legislation affected them. KPPA said the CERS insurance loss was driven by premium increases and Senate Bill 10, while the pension-side losses were largely due to higher payroll and benefits for Tier 1 and Tier 2 members. They explained that new Tier 3 employees are designed to add no additional unfunded liability, and that the state administers the systems but does not directly control all hiring. Questions also focused on retiree health premiums, which KPPA said rose about 15% for non-Medicare retirees and 38% for Medicare retirees, with the increase attributed to utilization, prescription costs, and the Inflation Reduction Act. The committee then heard from TRS Deputy Executive Secretary and General Counsel Beau Barnes on the 2025 TRS actuarial valuation. He reported that the Retirement Annuity Trust and Health Insurance Trust both received full funding, the retirement trust’s funded ratio improved to 61%, TRS 4 remains well funded with no liability, and the health insurance trust improved to 89.1%. Barnes said TRS is on track to fully fund legacy liabilities within the amortization period, with 2044 as the point when the system reflects 100% funding and 2046 as the last year needing additional dollars for the legacy liability. He also explained that lower assumed investment returns and updated mortality assumptions increased liabilities, but that TRS uses direct rate smoothing for budgeting purposes. At the end of the meeting, the chair circulated a proposed set of “do’s and don’ts of pensions,” emphasizing that future legislation should not create unfunded liabilities. Barnes also noted he would later discuss several legislative proposals for the 2026 session, but the transcript provided ends before that discussion or any votes on those proposals.

Transcript Highlights:

• That current pension system is well, well over 100% funded, and the actuarial studies that we've looked
• So you stated that it's currently over 100% funded in the pension system.
• So what the pension system is saying is that it will not have an effect on that funding piece.
• And so if we're going to take this money away from being dedicated towards the pension fund, And so if
• we're going to take this money away from being dedicated towards the pension fund, I absolutely feel

Bills: HB3257 , HB3176 , HB3544 , HB3619 , HB3546 , HB1782 , HB2293 , HB4358 , HB3081 , HB3983 , HB3790 , HJR1023 , HB4139 , HB3297 , HB3041 , HB3673 , HB4105 , HB3338 , HB3048 , SR33 , SCR21 , SCR20 , HB4030 , HB4031 , HB4032 , HB4034 , HB4036 , HB4037 , HB4038 , HB4040 , HB4041 , HB4042 , HB4043 , HB4045 , HB4046 , HB4047 , HB4048 , HB4044 , HB4050 , HB4051 , HB4052 , HB4053 , HB4054 , HB4056 , HB4057 , HB4071 , HB4065 , HB4067 , HB4072 , HB2992 , HB4338 , HB4170

Summary: The Senate opened with roll call, prayer, and several gallery introductions recognizing guests and honorees, including the Medford Cardinals football team for their academic and athletic success, Guthrie Day, the Oscar J. Upham post office designation, the OKC Spark professional softball team, the Elks organization, and the YMCA’s 175th anniversary. Senators also welcomed a new intern and acknowledged Senator Carl McDowell’s return to the chamber. Most of the early floor time was devoted to ceremonial citations and concurrent resolutions, all of which were adopted without recorded opposition. The chamber then moved through a series of Joint Committee Reports and third-reading votes on appropriations and related measures. HB 4031 reauthorized $41 million for previously approved ODAA projects and passed 36-8, declared an emergency. HB 4032 redirected industry fees to the Department of Mines and passed 34-11, emergency. HB 4034 appropriated $142,137 for salary increases for certified shorthand reporters and passed 45-0, emergency. HB 4036 transferred $5 million from the Film and Oklahoma revolving fund to a new sitcom-related revolving fund and passed 30-15. HB 4037 raised the Ethics Commission Fund retention cap from $150,000 to $250,000 and passed 45-0, emergency. Several transportation, health, and public safety measures also advanced. HB 4038 moved $5 million for the eight-year road plan and additional project funding, passing 28-17 and then as an emergency measure after vote changes. HB 4040 set up cash-flow funds for the State Department of Health’s $223 million federal award and passed 45-0, emergency. HB 4041 appropriated $2.25 million to the Attorney General, including $2 million for a trafficking victim pilot program and $250,000 for a public safety technology fund, and passed as an emergency. HB 4042 appropriated $500,000 for the Commerce census revolving fund and passed 35-9. HB 4043 transferred $1 million to Emergency Management for Oklahoma Task Force 1 and passed 44-0, emergency. The most extended debate centered on HB 4045 and HB 4046, which expanded and funded the Military Readiness, Innovation, Education, and Aviation program. Supporters said the measures would help military bases, schools, infrastructure, simulation training, and defense-related economic development; critics questioned the broad language, lack of detail, and whether the projects fit a broader strategy. HB 4045 passed 37-7 and HB 4046 passed 39-7, both as emergency measures. HB 4047 funded Commerce projects including housing for aged-out foster youth, the State Fair, a university upgrade, and a COG-related economic development request; it passed 30-16 and then 40-6 as an emergency. HB 4048 appropriated $13 million for transportation infrastructure, drew criticism for bypassing the eight-year plan, and passed 36-10 before being declared an emergency. Finally, HB 4030, the Education Budget Limits Bill, was explained in detail, including $43.75 million for the Strong Readers formula, $5 million for literacy coaches, and $5 million for a charter school revolving loan fund; after questions about bonds, charter schools, and the revolving fund, it passed 39-5 and was declared an emergency measure.

Transcript Highlights:

• President, we know that we're on a funding schedule to eliminate our unfunded percentage of the pension
• In January, the administration, who holds the sole responsibility for setting the pension schedule, funding
• President, we know that we're on a funding schedule to eliminate our unfunded percentage of the pension
• In January, the administration who holds the sole responsibility for setting the pension schedule, funding
• It is a reserve fund.

Transcript Highlights:

• Senate Bill 219 phases in an increased military pension income exemption from the current $12,500 to
• And Delaware will still tax pension income above $25,000.
• So if the income is above $25,000 on the pension, that's where the taxing begins.
• I already had a pension to rely on.
• They have the benefits from their pension. It's a multiplier, I said, right?

Summary: The House Revenue and Finance Committee met to consider House Substitute 1 for House Bill 386, which would create a temporary Delaware income tax deduction for qualified tip income from tax years 2027 through 2029. The sponsor described it as relief for service workers in restaurants, salons, and similar tipped occupations, with a deduction of up to $15,000, income-based phaseouts, a refundable credit for lower-income workers, and a sunset for later review. Committee members raised questions about the resident/non-resident language, the fiscal note, and whether the Department of Finance could implement the change; Finance said the department could administer it and expected only modest administrative costs, while the Comptroller’s office said the bill would reduce general revenue. After a brief recess to review updated language, the committee took public comment, but no one testified. A motion to release the bill failed to receive enough votes, and the chair said she would walk it to seek additional signatures. The committee then considered Senate Bill 219, which would phase in an increase in the military pension income exemption from $12,500 to $25,000 by tax year 2029. The sponsor argued the measure would help attract and retain military retirees, citing economic return estimates, workforce benefits, and support from all 21 Senate co-sponsors. Some members supported the bill as a way to reward service and bring in long-term residents, while others questioned whether the exemption should be income-based rather than available to all military retirees, including those with substantial second careers. The Department of Finance said it could operationalize the bill and that the non-resident language was unnecessary because the subtraction is already picked up in the non-resident code section. Public testimony from veterans’ organizations strongly supported the bill, emphasizing that the exemption can influence retirement decisions and help veterans and their families stay in Delaware. A motion to release the bill also failed to get enough votes, and the chair said she would walk it for signatures before adjourning the meeting.

Transcript Highlights:

• And whereas Senator Conway has also been intimately involved in the state's pension policy, he is the
• pension system one of the best funded in the nation.
• The previous speaker mentioned pensions.
• strong and sound and well-funded pension system.
• I was on the pension policy. The staff has helped us there.

Bills: SCR8410

Summary: The Senate convened on March 9, 2025, approved the previous day’s journal, suspended Rule 46 to allow committees to meet during floor sessions, and referred committee and gubernatorial reports as designated. It also received several new bills and appointments, including Senate Bill 6359, and later suspended Rule 20 to allow additional floor resolutions. The chamber then moved through a series of gubernatorial confirmations, with broad support for Megan Matthews as Director of the Washington State Office of Equity and for several college board trustees, including Robert A. Zupon (Renton Technical College), Denise E. Gideon (Clark College), Adria Buchanan (Clover Park Technical College), Michelle R. Smith (Columbia Basin College), and Edison A. Valerio (Columbia Basin College). Each confirmation passed by majority roll call vote, with some members excused. The Senate then considered Engrossed Substitute House Bill 2711, a transportation revenue and policy measure. Members rejected the Transportation Committee’s original striking amendment and adopted a narrower striking amendment that, among other changes, repealed the luxury aircraft tax and replaced it with higher aircraft fuel taxes, registration fees, and an annual excise tax, while also making technical corrections and creating a sustainable aircraft fuel account. Supporters said the bill reflected a bipartisan agreement, improved transportation funding, and supported aviation sustainability; opponents argued it would disproportionately burden small aircraft owners and general aviation. The bill passed the Senate on a 33-15 vote. The final major action was adoption of Senate Resolution 8703 honoring Senator Steve Conway for his 34 years of legislative service. The resolution highlighted his long career in the House and Senate, his leadership on labor, pensions, veterans, and local projects, and his reputation for institutional knowledge and mentorship. Numerous senators from both parties offered personal remarks praising his integrity, advocacy for working families, and support for colleagues. The resolution was adopted by voice vote, and Senator Conway, joined by family and friends in the gallery, offered brief remarks thanking the Senate, his staff, family, and constituents before the chamber recessed for lunch and caucus.

Transcript Highlights:

• Pension is much more steady, much more slow-moving. Insurance funding statuses are volatile.
• Pension is much more steady, much more slow-moving. Insurance funding statuses are volatile.
• Pension is much more steady, much more slow-moving. Insurance funding statuses are volatile.
• Pension is much more steady, much more slow-moving. Insurance funding statuses are volatile.
• Pension is much more steady, much more slow-moving. Insurance funding statuses are volatile.

Summary: The meeting opened with roll call, a quorum was confirmed, and the minutes were approved. The committee then heard testimony on Senate Bill 9, which concerns TRS sick leave audit requirements and process. Auditor Allison Ball’s staff said the audit is an information-gathering review of how teacher sick leave is accumulated, current balances, how many employers use the sick leave function, and the policies and procedures governing sick leave. Members discussed how unused sick leave affects retirement calculations, the distinction between the state’s financial responsibility and school districts’ responsibility, and whether the audit would also examine related leave categories such as personal leave, annual leave, and leave of absence. Committee members emphasized that Senate Bill 9 was intended to add accountability and standardize reporting, including preventing annual leave from being rolled into sick leave. Several members asked for clarification on how sick leave is factored into retirement benefits. Witnesses and members explained that, under the system described, accumulated sick leave can be converted into retirement credit based on a teacher’s daily rate and then multiplied by a percentage, with the school district often bearing the cost. Members also noted nuances in the law, including different accumulation limits by hire date and tier, and that the audit may help the public better understand why some educators retire relatively young. The auditor’s office said it is still early in the process, has met with TRS leadership, and will report back once the audit progresses. The committee also asked whether maternity leave would be included; the auditor’s office said it was not specifically mandated but could be examined if the body requests it. The committee then received an overview of Senate Bill 10 from KPA representatives Ryan Barrow and Rebecca Atkins. They explained that the bill enhances retiree health insurance benefits for certain CRS members who are non-Medicare participants and meet specified career thresholds, with different rules for hazardous and non-hazardous service. They described the benefit as $40 per month per year of service for non-hazardous service and $50 per month per year for hazardous service, both inflated annually, and clarified that these amounts are not cumulative with prior benefit formulas. Members asked about the interaction between the new amounts and existing benefits, and the presenters explained that the bill also changes current employee health insurance contribution rates effective July 1, 2026, with different impacts by tier and hazardous status. The committee discussed the need for clear communication to affected employees and reviewed example calculations showing how the new contribution structure would work.

Transcript Highlights:

• fund.
• fund.
• Management Board to commit between $50 million and $100 million from the state pension fund for the
• Management Board to commit between $50 million and $100 million from the state pension fund for the
• $100 million from the state pension fund for the governor to distribute in economic development grants

Committee: Joint Joint Committee on Bonding, Capital Expenditures and State Assets

Transcript Highlights:

• fund from 6.25% to 5.05%. the pension systems would be the pension systems would be astronomical.<00
• </c><00:36:00.320><c> fund</c> for pensions managed by the pension fund for pensions managed by the pension
• It's about 69% funded. June 30th, 2024. It's about 69% funded.
• </c> Hampshire's pension investments. Hampshire's pension investments.
• </c><01:37:28.000><c> funds</c> to 5% based on the CPIU and funded funds to 5% based on the CPIU and

Committee: House Executive Departments and Administration

Transcript Highlights:

• </c> increase to the CERS non-hazardous fund increase to the CERS non-hazardous fund would<00:10:28.240
• </c> under a a pension under a a pension that<00:14:48.880><c> that</c><00:14:49.279><c> wasn't</c><00
• </c> this and that that is in a pension this and that that is in a pension system. system. system.
• </c> to to to fund this coverage. to to to fund this coverage. &gt;&gt; Okay. &gt;&gt; Okay.
• </c> were they paying into the the pension were they paying into the the pension that<00:36:24.960><c

Summary: The committee heard testimony from Rep. Ashley Tackett Laferty on a bill to extend minimum line-of-duty hazardous duty retirement benefits to certain CERS and KERS non-hazardous members who are injured in the line of duty and cannot return to that work. She used a video and examples from Eastern Kentucky first responders, including a deputy who lost a leg and an emergency management director who lost an eye, to argue that some injured officers and responders fall through the cracks because their employers did not elect hazardous-duty coverage. She said the proposal would provide 25% of pay to the disabled officer, plus 10% for dependent children and minimal health benefits, and noted estimated actuarial costs of about $2.9 million for CERS and $0.542 million for KERS, funded through small employer-rate increases. Members asked how far back the bill would reach, how many people might qualify, and whether the benefit would apply only to active employees or also to past injuries. Laferty said the bill would include a five-year window for recent situations and could potentially cover a total of 3,333 positions statewide that could be certified as hazardous, though benefits would only apply if the person was injured in the line of duty and disabled from returning to that work. Questions also focused on whether a non-hazardous employee could qualify if injured in a hazardous situation; Laferty said yes, if the position could be certified as hazardous, but only for the bill’s minimum benefits. Rep. Josh Calloway and others noted that local governments choose whether to pay the higher hazardous-duty contribution rates, which they said often drives the coverage decision. The committee then heard Rep. Daniel Gberg present a separate bill revising school leave rules so teachers and school employees may use accumulated sick leave to observe religious holidays not on the school calendar, with a required personal statement and advance notice. He said the change would address a longstanding inconsistency for teachers who observe non-Christian holidays and currently may have to choose between unpaid leave or improperly using sick days, and he said prior concerns about retirement service credit and maternity leave were reduced by other policy changes. The discussion ended without a vote, with members indicating they had the relevant materials and that the bill would be revisited later.

Transcript Highlights:

• On PERS 1, they prescribed some additional funding.
• On Pers 1, they prescribed some additional funding.
• At that time, the committee could make a recommendation to the Pension Funding Council on long-term economic
• And then where did the LEOFF 1 funding come from? So, like a history of the LEOFF 1 funding.
• We don’t fund our pension systems at 50% overfunding.

Committee: Joint Select Committee on Pension Policy

Summary: The committee approved the May minutes by roll call vote and then received brief updates from the Attorney General’s office and the Office of the State Actuary. The AG’s office said it would handle legal analysis related to the committee’s work, while the actuary reported that staff were at capacity this summer due to annual valuation work, experience studies, and other retirement system projects, but would have more capacity in the fall. Members also requested access to fiscal note and actuarial materials related to the LEOFF 1 study and related legislation. The main discussion focused on the LEOFF 1 study, including actuarial funding, a proposed merger/termination/restatement approach, and the possibility of a permanent COLA for Plan 1 members. Several members supported keeping COLA recommendations in the committee’s work, while others raised concerns about whether merging or restating plans could affect benefits, legal status, or IRS tax treatment. The actuary explained that the temporary pause in certain funding rates reflected prior overfunding buffers and assumptions about future investment returns, and said future base-rate funding could still be needed depending on experience. Members also discussed constituent correspondence, which staff said largely fell into four categories: the LEOFF 1 study, Plan 1 benefits and COLAs, fossil fuel divestment, and ESSB 5357. The committee agreed that divestment concerns are more appropriately directed to the State Investment Board, not this committee. In reviewing the draft interim work plan, members added or adjusted several topics for future meetings, including a July educational briefing on LEOFF 1 history and tax/IRS issues, a September discussion of COLAs, and a December placeholder for excess compensation/pension spiking, pending coordination with the LEOFF 2 Board. The committee then approved the July agenda and adjourned.

Transcript Highlights:

• So like whether it be pensions or other things.
• One would be set up a reserve fund that just puts a certain amount into a reserve fund, a savings, okay
• So, like, I mean, we have pensions, right?
• And I don't know for sure about specific pensions, but what you're seeing nationally is certain pension
• funds, right, that are... ...but what you're seeing nationally is certain pension funds, right, that

Committee: House Civil Law and Procedure

Summary: The Civil Law Committee met on May 5, 2026, and first considered House Bill 165 by Representative Abear, a constitutional amendment to dedicate $500,000 annually from lottery proceeds to a veterans service grant fund. The committee adopted a technical amendment removing “up to,” approved the 6.8A report, and reported the bill with amendments without objection. The committee then heard Senate Bill 185 by Senator Presley, which would make nondisclosure agreements in civil settlements involving child sexual abuse victims against public policy and unenforceable. Senator Presley and Elizabeth Phillips testified in support, describing the bill as part of the “Trey’s Law” movement to prevent survivors from being silenced. Additional supportive testimony came from Gillian Edwards Coburn, and committee members discussed how NDAs work in civil cases and the need to protect children’s ability to speak. The bill was reported favorably without objection. Next, the committee considered Senate Bill 77 by Senator Miller, a Law Institute measure on the effects of leases of movable property. Testimony explained that the bill is intended to protect good-faith lessees of items such as heavy equipment when a merchant leasing the property lacks authority to do so. The bill was reported favorably without objection. The committee also heard Senate Bill 140 by Senator Miller, which clarifies that multiple successions may be handled in the same proceeding when jurisdiction is proper. Members discussed the cost and efficiency benefits for families, and the bill was reported favorably without objection. Finally, the committee took up House Bill 603 by Representative Wright, a constitutional amendment authorizing state investment in digital assets and precious metals. Members questioned whether the language could include Bitcoin and how such investments would be monitored, with the sponsor saying implementation would be handled later by statute and public officials. The committee adopted the 6.8A report and then voted 5-3 to report the bill favorably. The meeting then adjourned.

Transcript Highlights:

• fund because that’s ultimately what the pension fund exists for, right?
• It wasn’t our pension systems.
• It wasn’t our pension systems.
• And our pension funds are guided by laws about their fiduciary responsibilities.
• funds.

Committee: Senate Senate Finance Committee of Reference

Summary: The committee approved the February 2, 2026 minutes and held Senate Bill 1090. It then took up SB 1503, which would require pension fiduciaries and proxy advisory firms to base voting and advice solely on economic interests, prohibit ESG or ideological considerations except in limited circumstances, and authorize attorney general enforcement. The sponsor said the bill was meant to protect investors and align with federal action; supporters argued proxy advisors lack transparency and can influence votes against shareholders’ financial interests. Arizona retirement system representatives said they were neutral but warned the bill would add major operational costs, create reporting burdens, increase litigation risk, and could narrow the market for proxy advisory services. The committee passed SB 1503 on a 4-3 vote. The committee then considered SB 1293, which would bar GPLET abatements from applying to school-district revenue during the eight-year abatement period. Supporters said the bill would protect school funding and reduce the state aid backfill tied to GPLET projects, while opponents from Phoenix, Mesa, and economic development groups said GPLET is a key redevelopment tool that helps finance downtown and blighted-area projects and that the bill would weaken future investment. The committee adopted the amendment and passed SB 1293 on a 4-3 vote. It also heard and passed SB 1414, which gives insurers 30 days to review and respond to third-party settlement demands; insurers supported the bill as a reasonable commercial timeframe, while trial lawyers opposed it as too slow and urged a 15-day standard, with members indicating they expected a possible friendly amendment. Next, the committee heard SB 1633, which would create an Arizona income tax subtraction for capital gains from the sale of a primary residence, after five years of occupancy. Opponents argued it would mainly benefit wealthy homeowners and could cost the state tens of millions annually, while the sponsor said it could help homeowners move without facing large tax bills and improve housing turnover. The committee passed the bill 4-2. It also adopted an amendment to SB 1429, which would have expanded Arizona Commerce Authority board ex officio membership, then held the bill for further consideration. Finally, the committee passed SB 1536, allowing temporary consolidation of street light improvement districts, and heard SB 1724, which clarifies when property splits or consolidations trigger limited property value recalculation, with county assessors supporting the measure as an anti-gaming reform.

Transcript Highlights:

• They were able to buy out that military pension and roll it into the Post Office's pension, and what
• pensions are.
• They were able to buy out that military pension and roll it into the Post Office's pension, and what
• pensions are.
• Federal Perkins funding Perkins funding Federal Perkins funding can<00:22:25.159><c> actually</c><00

Committee: Senate Taxes

Transcript Highlights:

• They have the funds within their budget to do that. Now there's no request for an increased fiscal.
• Basically, we're just increasing this is for an action indemnity fund.
• to use up To 25,000 to help alleviate that to correct that, and then up to 100,000 will be in that fund
• And so funds greater than 100,000 would go into from any fines collector or something like that should
• be will be put in the well Driller's fund installation regulatory fund, which is also a revolving pump

Bills: SB3 , SB1346 , SB1509 , SB1928 , SB2028 , SB2071 , SB2110 , SB2117 , SB2127 , SB2134 , SB259 , SB1191 , SB1246 , SB1314 , SB1439 , SB1613 , SB1930 , SB1976 , SB330 , SB2069 , SB2095 , SB3 , SB1346 , SB1509 , SB1928 , SB2028 , SB2071 , SB2110 , SB2117 , SB2127 , SB2134 , SB259 , SB1191 , SB1246 , SB1314 , SB1439 , SB1613 , SB1930 , SB1976 , SB330 , SB2069 , SB2095

Committees: House Energy , House Energy and Natural Resources Oversight

Keywords: industrial hemp, program licensing, agriculture, cannabinoids, state regulation, water infrastructure, wastewater, investment program, loans, local government, SB1509, groundwater, water wells, well spacing, water rights, Oklahoma Water Resources Board, OWRB, basin, subbasin, maximum annual yield

Transcript Highlights:

• So this would allow them to use those funds.
• So, this would allow them to use those<00:14:52.560><c> funds.
• And I think we all know how those funds.
• But all you have to do is put 20% up for matching funds.
• And again, that for matching funds.

Bills: SB62 , HB361 , HB244 , HB377 , HB411 , HB422 , HB423 , HB425 , SB16 , HB452 , HB354 , SB62 , HB361 , HB244 , HB377 , HB411 , HB422 , HB423 , HB425 , SB16 , HB452 , HB354

Committee: House Ways and Means Education

Keywords: SB62, Alabama, conservation and natural resources, hunting license, fishing license, wildlife heritage license, license identification, government-issued ID, residency determination, in-state residency, student residency, tuition classification, public higher education, domicile, resident status, Department of Conservation and Natural Resources, DCNR, Section 9-11-32, Section 9-11-33, Section 16-64-3