Transcript Highlights:

• But of the applications we received, they range everywhere from due diligence studies.
• community acquires land or has an option on the land and just wants to do some basic environmental studies
• , some soil borings, just studying the... ...environmental studies, some soil borings, just studying
• This is an amended contract to continue the agreement for home studies for foster, adoptive, interstate
• It’s an amended contract for actuarial services.

Summary: The PEER Review Subcommittee met to consider a large agenda of appropriation, transfer, contract, and other review items. Members approved temporary appropriation requests in Sections B through F, including funding for prosecuting attorneys, education-related adjustments, school operating needs, labor licensing divisions, ARPA fund returns from Workforce Services, IIJA grants for state police CDL implementation and a forestry-related county grant, reserve fund transfers for teacher scholarships, school facilities, and economic development, and a Commerce reallocation tied to organizational realignment. Cash fund requests in Section G and budget classification transfers in Section H were also reviewed, along with pay plan requests in Section I, overtime requests in Section J, and multiple methods of finance in Section K. The committee also reviewed discretionary grants in Section L, including agriculture promotion board grants and DHS aging/adult behavioral health grants, plus RFQs, construction contracts, intergovernmental contracts, and out-of-state contracts in Sections M1 through M5. Several items drew questions from members. Workforce Services explained that $225,000 in TANF-related funds would be returned to the federal government because the two-year hold period for uncashed or moved checks had expired. Commerce officials described the $25 million site infrastructure grant program, saying it supports site development, due diligence, and infrastructure build-out at eligible sites of 30 acres or more, including rural communities, with grant agreements and matching requirements providing accountability. DHS and Education officials answered questions about the Care Solace mental health referral contract, saying it is a statewide concierge/referral service that helps schools connect students to Arkansas providers and follow up so students do not fall through the cracks; members asked for more information on provider selection, school-day scheduling, and Arkansas vendor participation. The committee held one item over: the DHS discretionary grant item for the RSVP retired senior volunteer program in L2, after concerns were raised about whether state general revenue was being used effectively and how much administrative overhead the providers retain. Members also questioned several contracts, including a DHS sole-source contract with EMSLink for document management software and a DHS bridge contract with Arkansas Foundation for Medical Care for Medicaid inspections of care reviews; in both cases, agency staff explained the need to avoid service disruption and said follow-up information would be provided. A Department of Corrections reentry center contract was discussed for its recidivism results, and ARDOT retirement-system investment contracts were briefly explained. The meeting ended after a lengthy discussion of the Medicaid Trust Fund balance, with DFA and DHS officials saying the state is expected to finish the fiscal year without exhausting the fund, that a restricted reserve of $100 million is available as a backstop, and that the larger question is what minimum balance should be maintained going forward.

Transcript Highlights:

• two contracts: one for consulting services for the hospital, Medicaid, and developmental disability study
• subcommittee related to their ongoing study, and one for actuarial services related to oversight of
• Highway Commission Review and Advisory Subcommittee met Monday and heard testimony on the efficiency study
• The Hospital, Medicaid, and Developmental Disabilities Studies Subcommittee met on February 24th at the

Keywords: 1204, all

Transcript Highlights:

• So really what this is just doing is it is requiring the chief actuary of CMS to kind of really review
• Have you all just, you know, done any studies or study the potential impact that Florida could have been
• we've heard their frustrations about claim the aisles and those conversations have prompted us to study
• is that we will agency will continue to monitor our testicles ation as we have done well with the studies
• And we've seen studies that indicate anywhere between 20% to 60% of these infants and level for any que

Transcript Highlights:

• I'm not our actuary, but there was a MassINC study that kind of looked into this.
• The MassINC study was looking at numbers of approximately $1,000 per unit to wire these buildings for
• Again, I'm not our actuary and that's not our report. Okay, all right, thank you. Annually?
• I did link a study in my testimony that addresses the impacts of costs for your reference.
• So I'm here to speak to H. 100, the act establishing a commission to study a statewide credentialing

Keywords: 995, all

Summary: The committee held its second hearing on a large docket of technology, internet, cybersecurity, broadband, and media bills. Early testimony focused on community media funding legislation, with lawmakers and local access advocates arguing that as cable subscriptions decline and streaming grows, revenue tied to cable franchises no longer supports community television and PEG programming. Supporters said community media remains a key source of local news, government meeting coverage, and civic transparency as newspapers disappear or consolidate. A related bill on cable contract oversight also drew support, with testimony that the Department of Telecommunications and Cable is backlogged and should more actively review municipal-provider agreements and report its workload to the committee. Another major topic was a proposal to create a Massachusetts Innovation Fund for state IT modernization. The Alliance for Digital Innovation backed the bill, saying agencies need flexible upfront capital to replace outdated systems and improve cybersecurity, and pointing to the federal Technology Modernization Fund as a model. The witness noted that funding for the state program still needs to be identified. The committee also heard strong support for a bill requiring free broadband in public housing, with Rep. Emmela Goodwin and MAPC describing internet access as essential for jobs, school, telehealth, and civic participation. They said the digital divide in Massachusetts is driven largely by affordability rather than infrastructure, though questions were raised about costs, wiring, and whether all housing sites already have broadband access available at the curb. A substantial portion of the hearing centered on bills to limit addictive social media feeds for minors. Supporters, including lawmakers, parents, teens, and advocacy groups, argued that algorithmic feeds contribute to addiction, anxiety, body image problems, and other harms, and said the bills would restrict surveillance-based curation and overnight notifications while leaving search and followed accounts available. Opponents, including FIRE, CCIA, and the Taxpayers Protection Alliance, argued the bills would require invasive age verification, threaten privacy and cybersecurity, burden adults’ anonymity, and likely face First Amendment challenges. They also warned the measures could disadvantage smaller businesses and may be unconstitutional based on recent court rulings in other states. The committee also heard support for blockchain-related bills creating a commission, a pilot program, and consumer education efforts, with testimony that Massachusetts has the talent but needs a coordinated state strategy. No votes or final actions were taken during the hearing.

Transcript Highlights:

• Our numbers that Director Bach had mentioned come from a 2025 actuarial study that we did.
• And so that's where those numbers come from, from our actuaries.
• And so that's where those numbers come from, from our actuaries.
• And lastly, our actuaries did note in their study that the percent in the dollar amount that they came
• in a study done for the interim topic in '24, would be an increase of approximately 19% per year.

Bills: HB0068, HB0062, HB0127, HB0109

Keywords: veterans, property tax exemption, disabled, service-connected disability, Wyoming, governmental claims, liability limits, inflation adjustment, public safety, local government insurance, HB0127, recreation mill levy, recreational facilities, public recreation, mill levy, property tax, local tax, county commissioners, school district levy, voter approval

Transcript Highlights:

• between this bill and a one-year delay versus standing up a huge fiscal new bill that we saw, that had actuarial
• studies added and the old modeling of a microsimulator model was changed to seven-day waiting periods
• fiscal uh new bill that we saw that huge fiscal uh new bill that we saw that had<01:18:14.000> Actuarial
• <01:18:14.719> studies<01:18:15.560> added<01:18:15.960> and<01:18:16.440>
• > the<01:18:16.600> old had Actuarial studies added and the old had Actuarial studies added

Keywords: 1183, house

Transcript Highlights:

• As a result, based upon a recent study we conducted, rollback taxes today can have significant impacts
• We studies, our studies are showing it has a potential impact of $13,000 up to $25,000 per house in some
• Citizens groups, universities, and policy analysts who wish to study property tax systems on a statewide
• And without repeating all of the actuarial data that my colleagues Already have already aptly described
• but I would like to work with the committee regarding this going forward, even if it's an interim study

Bills: SB 4, SB 23, SJR 2

Keywords: redistricting, election, Texas legislature, district composition, political representation, congressional redistricting, Texas House of Representatives, U.S. House, Congressional districts, district map, district boundaries, gerrymandering, voting rights, election law, apportionment, representation, special committee, PLANC2308, redistricting plan, elections

Transcript Highlights:

• Thank you very much for your answer and for always keeping the community in mind and sharing your own studies
• They have that are studying behavioral health and/or addiction counseling.
• Research over the last year overwhelmingly indicates that these folks are studying behavioral health
• I have a study that is under review right now, but basically, one-third of the patients surveyed said
• There is currently no legislative mechanism to conduct actuarial analysis on mandated benefit proposals

Transcript Highlights:

• Our contracted actuaries develop a rate range that constitutes a reasonable range of payment rates.
• So the proposal is to cap the rates at the lower bound of the actuarially sound rate.
• Member, if I may, the rates that we are adjusting here are actuarially sound.
• And so we are still proposing the lower bound rate to be consistent with, you know, actuarially sound
• And if our actuary certifies that these services can be provided at this rate, we would think that they

Keywords: 988, house, all

Summary: The Assembly Budget Subcommittee on Health heard presentations on several May Revision proposals, beginning with an overview from the Legislative Analyst’s Office and the Department of Finance on the state’s budget condition and the administration’s efforts to reduce out-year deficits through a mix of revenue measures, fund shifts, and program reductions. The chair expressed support for some administration proposals, such as added health IT funding, county administration support, a delay in Medi-Cal cuts for some immigrants, and additional Covered California subsidy backfill, but also criticized proposed Medi-Cal premiums, changes to senior eligibility, the lack of a Medi-Cal dental solution, and other cuts affecting counties, workforce, and rural access. The LAO said the budget still relies heavily on reserves and borrowing and urged more reserves and caution on new commitments. The Department of State Hospitals presented several proposals, including reduced county bed billing authority, limited contract exemption authority for online clinical subscriptions, reversion of unspent prior-year funds, additional lease revenue authority for the Metro Central Utility Plant replacement, funding for electronic health record implementation, and a shift of workforce development costs to Behavioral Health Services Act funds. The department also described savings and realignments in its IST and CONREP programs, including making the Independent Placement Panel permanent and adjusting funding for jail-based competency treatment and conditional release services. Members questioned the BHSA workforce funding swap, and the administration said it was part of a broader General Fund offset strategy. The Emergency Medical Services Authority requested funding for statewide behavioral health crisis response guidance and for continued operation of its enterprise systems, and the Department of Managed Health Care sought funds to modernize its complaint system and claims settlement data systems. The largest debate centered on the administration’s proposed use of Behavioral Health Services Act revenues to offset General Fund spending and fund state-directed behavioral health programs. The Department of Finance said the proposal would support population-based prevention, workforce programs, mobile crisis services, and other state-directed uses, while the LAO said it was still reviewing whether the uses comply with Proposition 1 and whether the non-supplement and eligible-use requirements are met. The Commission for Behavioral Health strongly opposed proposed cuts to its Innovation Partnership Fund and community advocacy grants, arguing that both programs are central to community voice, culturally responsive services, and statewide innovation. Commissioners and many public commenters said the cuts would reduce grants to community-based organizations, tribal groups, veterans, LGBTQ communities, youth, and other underserved populations, and that the advocacy program helps communities participate in local planning and access services. The Department of Finance defended the reductions as a way to prioritize direct services and said the programs fit within Proposition 1, but members criticized the proposal as a midstream shift that would weaken community engagement and redirect funds away from prevention and advocacy.

Transcript Highlights:

• Our contracted actuaries develop a rate range that constitutes a reasonable range of payment rates.
• So the proposal is to cap the rates at the lower bound of the actuarially sound rate.
• Member, if I may, the rates that we are adjusting here are actuarially sound.
• And so we are still proposing the lower bound rate to be consistent with, you know, actuarially sound
• And if our actuary certify that these services can be provided at this rate, we would think that they

Summary: The Assembly Budget Subcommittee on Health held a May Revision hearing covering several health-related budget proposals and broader concerns about the state’s budget structure. The Chair opened by praising some May Revision changes, such as added health IT funding, county administration support tied to Medi-Cal changes, a delay in Medi-Cal cuts for some lawfully present immigrants, and additional support for Covered California subsidies, while criticizing proposed increases in Medi-Cal premiums, changes to senior eligibility, the lack of a Medi-Cal dental solution, and other reductions affecting counties, mobile crisis units, workforce incentives, and physician shortages. The Legislative Analyst’s Office said the state’s budget condition remains weak despite progress on the structural deficit, and the Department of Finance said the May Revision uses a mix of reductions, reforms, revenue proposals, and fund shifts to cut out-year deficits. The committee first heard Department of State Hospitals proposals, including adjustments to county bed billing authority, contract exemption language for online clinical/pharmacy subscriptions, reversion of unspent funds, a revised Metro Central Utility Plant replacement project, electronic health record implementation, and workforce development funded partly through Behavioral Health Services Act resources. DSH also described savings and realignments in incompetent-to-stand-trial and conditional release programs, including extending the independent placement panel program and shifting funds to support additional bed capacity and a mental health rehab center. Members asked about the use of BHSA funds for workforce programs, and the department said the proposal would replace General Fund support with BHSA reimbursements. The Emergency Medical Services Authority proposed funding for statewide behavioral health crisis response guidance and for enterprise system development, and the Department of Managed Health Care proposed modernization of its complaint system and claims-settlement data system to improve oversight and comply with AB 3275. The largest discussion centered on the administration’s BHSA spending plan under Proposition 1, including state-directed prevention, workforce, and other uses, plus General Fund offsets for existing programs. The LAO questioned whether some proposed offsets fit Proposition 1’s non-supplant and eligible-use requirements, while the administration argued the uses were consistent with the measure and that the state-directed share can be adjusted annually. The Commission for Behavioral Health’s proposals drew the most public and member concern. The administration proposed cutting the commission’s Innovation Partnership Fund from $20 million to $10 million and reducing the Community Advocacy Program by $6.7 million, while redirecting BHSA dollars to other state purposes and direct services. Commissioners, advocates, and several members argued the cuts would weaken community voice, reduce support for underserved populations, and disrupt grants already in process; they also objected to using BHSA funds to backfill General Fund commitments. Public commenters, including youth, disability, behavioral health, LGBTQ, tribal, veteran, immigrant, and community-based organization representatives, overwhelmingly opposed the cuts and urged preservation of prevention, advocacy, mobile crisis, and innovation funding. No votes or final actions were taken during the hearing.

Transcript Highlights:

• 00:21:57.760> um collection, we we contract with a um collection, we we contract with a um actuarial
• firm um to you know, analyze actuarial firm um to you know, analyze our<00:22:01.840> information
• anticipate out through the actuarial anticipate out through the actuarial process<00:30:21.880><
• What I was trying to get at with the other states was if we all kicked in, say, $10,000 and had a study
• I know you've been studying this for a few years, and I don't want to get deep into the woods.

Keywords: 916, all

Transcript Highlights:

• So balancing it all out would be, you know, for an actuary to answer.
• So balancing it all out would be, you know, for an actuary to answer. President of Hart.
• Peterson Career Academy and Wolfson School for Advanced Studies that are here because they want to be
• Academy and Wolfson School for Advanced Studies that are here because they want to advocate on their
• Rapists, and there are studies done... ...amendment, rapists, and there are studies done, and you can

Summary: The House convened with prayer, the Pledge of Allegiance, and a quorum present, then adopted the special order report and moved into a series of budget-related bills. The chamber first took up HB 5011/SB 2506 on environmental resource management and natural resources funding, where Democrats argued the bill would reduce recurring support for the Resilient Florida program, the Florida Wildlife Corridor, invasive species removal, and other conservation efforts. Supporters said the change would shift money from recurring to nonrecurring funding so the Legislature could reassess priorities each year and rely more on private-sector stewardship. After a strike-all amendment and conference posture change, SB 2506 passed 97-12. HB 5013, reducing state-funded property reinsurance reserves, passed 108-0, and HB 5501, redirecting documentary stamp tax distributions from housing and transportation trust funds into general revenue, passed 82-26 after extended debate over its impact on affordable housing and transportation funding. The House also passed HB 5015 on state group insurance, which requires DMS to develop a formulary management system and was described as producing significant savings; members raised concerns about prescription access and implementation, but the bill passed 109-0. HB 5201 on state financial accounting and HB 5203 on the Capitol Center both passed unanimously, as did HB 5009, which creates a Florida Accountability Office and reorganizes audit functions. The chamber then passed HB 7031, a major sales tax reduction bill lowering the state sales tax rate and several related rates; supporters framed it as permanent relief for all Floridians, while opponents said property tax relief would be more meaningful and that the sales tax cut would also benefit tourists and out-of-state visitors. HB 7031 passed 112-0. The House then began consideration of HB 501, the proposed fiscal year 2025-26 budget, totaling $112.9 billion and emphasizing reduced recurring spending and large reserves. Subcommittee chairs outlined their budget silos: K-12 education at $20.6 billion with teacher raises, school hardening, literacy, transportation stipends, and security funding for Jewish day schools; health care at $47 billion with full Medicaid and KidCare funding, opioid settlement spending, mental health beds, and senior services; transportation/economic development at $18.5 billion; agriculture and natural resources at $5.8 billion with reduced Everglades spending but continued water, resiliency, and land management funding; higher education at $8.7 billion; state administration at $2.9 billion; justice at $7.3 billion; and IT at $529 million for Florida PALM, FX, and other systems. Members then began questioning the K-12 budget, focusing on FEFP funding, proration, voucher growth, stabilization dollars, mental health and school safety funding, and whether districts would be held harmless under the proposed allocations.

Transcript Highlights:

• But to do this interim and study it.
• So, I took an opportunity to really study it.
• So, I took an opportunity to really study it.
• So, I took an opportunity to really study it.
• kind of make these bigger after studying kind of make these bigger after studying this<01:43:55.760

Keywords: 916, all

Transcript Highlights:

• We had one of our services that we use for economics conduct a study of 66 inflationary periods in various
• His study would indicate that we might have another spike in inflation coming.
• We did a study several years ago, and we've just updated it not too long ago that showed historically
• I believe in our actuary evaluation, we do have a distribution with age and years for active members.

Transcript Highlights:

• The state is paying not only the normal cost but also the accumulated actuarial deficiency.
• The state is paying not only the normal cost but also the accumulated actuarial deficiency.”
• And I mean, if I was going to do anything, I might interim study this because it's certainly a very worthwhile
• <01:17:47.199> this<01:17:48.159> uh anything, I might interim study this uh anything
• , I might interim study this uh because<01:17:48.560> it's<01:17:48.880> certainly<01:17

Keywords: 928, house, all

Summary: The committee opened a work session on 17 retained bills and moved through several measures, often with motions to ought to pass or inexpedient to legislate. House Bill 54, allowing alternative treatment centers to operate for profit, was supported as a way to improve efficiency and potentially lower costs for medical cannabis users, and it was recommended OTP by a 9-0 vote. House Bill 97, an appropriation for wastewater infrastructure, drew mixed views: supporters said the Senate’s reduced funding still met the bill’s intent, while opponents argued the funding was inadequate for critical infrastructure needs; the committee voted 5-4 to ITL. House Bill 111, extending the Right to Know Ombudsman and exempting certain assistance from unauthorized practice of law, was recommended ITL 9-0. House Bill 197, concerning state payment of a portion of local retirement contributions, was discussed as a recurring issue; members noted an amendment could fund it starting in fiscal 2027, but the committee ultimately voted 5-4 to recommend the bill itself rather than ITL. House Bill 215, requiring landfill permit applicants to submit a harms-and-benefits report, was amended to narrow its scope to future privately owned landfills only; the amendment and the bill as amended both passed 9-0. House Bill 216, on workers’ compensation credit toward retirement service, was ITL’d 9-0 after the sponsor said the proposal was too open-ended and could affect unknown numbers of people.

Transcript Highlights:

• Larry is going to go on to Sam Houston State University to study criminal justice, and Sergi unfortunately
• will attend the University of Texas, even though I tried to talk him into A&M to study law.
• Have you done an actuarial review of what this additional amount, and how it will impact our cities and
• No, ma'am, I have not done an actuarial review.
• To be in Chairman Harris's Committee on Natural Resources, where we've been studying aquifer storage

Bills: SB4, SB23, SB3, SJR2, SJR85, SB34, SB60, SB75, SB706, SB1814, SB1220, SB523, SB565, SB1253, SB840, SB764, SB2383, SB2155, SB1535, SB1405, SB1423, SB1566, SB1804, SB1728, SB1816, SB1952, SB1948, SB2037, SB2068, SB1455, SB213, SB243, SB627, SB646, SB670, SB896, SB917, SB1184, SB971, SB1255, SB1261, SB1283, SB1358, SB991, SB1733, SB21, SB231, SB739, SB1252, SB1371, SB664, SB40, SB9, SJR1, SB687, SB1332, SB458, SB482, SB927, SB984, SB651, SB1620, SB2124, SB2448, SB841, SB843, SB402, SB2662, SB2053, SB2332, SB2112, SB745, SB1247, SB1789, SB27, SB207, SB2938, SB1901, SB1227, SB1248, SB912, SB1321, SB2143, SB2145, SB1497, SB1239, SB2180, SB1388, SB1662, SB1951, SB1537, SB493, SB378, SB1020, SB1018, SB992, SB958, SB920, SB1350, SB1762, SB552, HCR109, SB2185, SB4, SB23, SB3, SJR2, SJR85, SB34, SB60, SB75, SB706, SB1814, SB1220, SB523, SB565, SB1253, SB840, SB764, SB2383, SB2155, SB1535, SB1405, SB1423, SB1566, SB1804, SB1728, SB1816, SB1952, SB1948, SB2037, SB2068, SB1455, SB213, SB243, SB627, SB646, SB670, SB896, SB917, SB1184, SB971, SB1255, SB1261, SB1283, SB1358, SB991, SB1733, SB21, SB231, SB739, SB1252, SB1371, HB2970, HB 109, SB2308

Keywords: property tax, homestead exemption, school funding, state aid, constitutional amendment, elderly, disabled, ad valorem taxation, school district funding, SJR 2, Senate Joint Resolution 2, property tax relief, school property tax, ad valorem tax, residence homestead, school district taxes, Texas Constitution Article VIII, public school finance, homeowner exemption, elderly exemption

Transcript Highlights:

• This is an amendment to an existing contract for actuarial services for Teacher Retirement.
• This is for actuarial services for the Medicaid program.

Summary: The committee met to review a supplemental agenda, procurement rule revisions, methods of finance, discretionary grants, contracts, and a member disclosure. The Office of State Procurement presented rule changes tied to 2025 legislative changes, including Act 782, with updates to sole-source definitions, unrealistic bids, protest requirements, debarment procedures, and recodification references; the committee voted to accept the supplemental agenda and approve the rules. Members also approved eight methods of finance covering university repairs, equipment replacement, property purchase, and capital projects, along with a large slate of discretionary grants for courts, health, DHS, historic preservation, and tobacco prevention programs. The committee then reviewed RFQs and six ratifications. The ratifications included a Workforce Connections payment to ACT WorkKeys, Department of Health costs from an ice-storm-related water leak, a large Department of Public Safety ratification for Motorola’s Arkansas Wireless Information Network upgrade, Veterans Affairs HVAC and medical-service payments, and a UA Little Rock painting contract. The Department of Public Safety ratification drew extended questioning about why the expired Motorola contract had not been renewed sooner and why the issue took months to reach the committee; agency officials said the project was bond-funded, had not been tracked in ASIS, and involved ongoing negotiations and system updates. Despite concerns, the committee approved the ratifications. Members also reviewed a long list of construction, intergovernmental, out-of-state, and in-state contracts, including numerous university, DHS, health, corrections, and state agency agreements. Several contracts were discussed in more detail, including an SAU custodial contract question about sales tax and transparency reporting, and Department of Corrections aerial application contracts for Tucker and Cummins farms, which officials said served separate facilities in different parts of the state. The committee approved the contract lists, reviewed reports, and accepted a disclosure from Representative Andrew Collins regarding his investment interest in a company leasing property to Arkansas Rehabilitation Services before adjourning.

Transcript Highlights:

• pooling together and basically self-insuring medical-related costs, but it's not insurance on an actuarial
• If it's just you and I in the pool, there's really no actuarial anticipation or forecasting for what

Bills: S0266, S0394, S0540, S0632, S0642, S0832, S0834, S1028

Keywords: public adjuster, contract cancellation, state of emergency, vulnerable adults, disciplinary actions, financial regulation, information security, financial exploitation, licensing, transportation, insurance, TNC, ride-sharing, automobile liability, bail bond, insurance regulation, foreign insurers, financial disclosure, premium reporting, residential property insurance

Summary: The Committee on Banking and Insurance met with a quorum and took up several bills, beginning with SB 834 on insurance requirements for nonprofit religious organizations and health care sharing ministries. The bill repeals a recent restriction on licensed insurance agents marketing or selling faith-based health care sharing programs. Supporters argued the change restores free speech and consumer education while preserving existing fraud and disclosure protections; opponents said allowing agents and brokers could create consumer confusion and has been associated with bad actors. A title amendment was adopted, and after debate the committee reported the bill favorably. The committee also heard and passed SB 642, which extends reporting and duty requirements to foreign and alien bail bond insurers, and SB 394, a technical bill updating reinsurance intermediary manager law to match current DFS practice. SB 266, which lets vulnerable adults rescind public adjuster contracts without penalty, was reported favorably after testimony from supporters in the insurance and elder law communities and a public adjuster who said the intent was good but the bill may need refinement. SB 832, a residential property insurance transparency bill requiring rate breakdown reports and a consumer resource center, also passed after discussion about consumer clarity and whether the required cost categories can be compiled as written. Later, the committee approved SB 540, which creates cybersecurity requirements for mortgage and money service businesses, closes a regulatory gap for certain investment advisers, adjusts OFR examination-payment deadlines, changes de novo charter requirements, allows virtual credit union meetings, and makes other financial regulation updates. Several amendments were adopted, including a substitute amendment removing fintech sandbox provisions. Finally, SB 1028 on Citizens Property Insurance Corporation was reported favorably after debate over a commercial lines clearinghouse intended to reduce Citizens’ exposure and shift more business to the private market; members discussed taxpayer risk, market competition, and consumer protections. The meeting ended with adjournment.

Transcript Highlights:

• there's any sort of real studies on it. there's any sort of real studies on it.
• <04:08:23.920> on did do a comprehensive cost study on did do a comprehensive cost study on
• results that came out of that study results that came out of that study which<04:08:33.920> show
• working on those studies currently. working on those studies currently.
• there is there are hundreds of studies there is there are hundreds of studies out<04:48:13.680><

Keywords: 1189, house, all

Transcript Highlights:

• As a result, based on a recent study we conducted, rollback taxes today can significantly impact housing
• Our studies are showing it has a potential impact of $13,000 up to $25,000 per household.
• Citizens' groups, universities, and policy analysts who wish to study property tax systems on a statewide
• Without repeating all of the actuarial data that my colleagues have already aptly described, I want to
• but I would like to work with the committee. regarding this going forward, even if it's an interim study

Bills: HB485, HB1367, HB1370, HB1827, HB1879, HB2032, HB2133, HB2357, HB3581, HB3830, HB4060, HB4085, HB4270, HB4979, HB5217, HB5268, HB5478, HJR96, HJR97, HJR119, HJR195, HJR209, SB4, SB23, SJR2, SJR85, SB 4, SB 23, SJR 2

Keywords: healthcare, insurance, access, affordability, public health, emergency services district, sales tax, gas and electricity, residential use, tax exemption, emergency services, gas, electricity, HB 485, ESD, use tax, residential utilities, utility tax, local option tax, Texas Health and Safety Code