Transcript Highlights:

• Where would a discounted fare, or a discount as a result of this bill, be reflected in the multiple fees
• Commissioner Lara created the Safer from Wildfires regulations, the first-in-the-nation mandatory insurance discount
• But I, you know, I don't discount the possibility that have been raised by my friend Mr. Brown.

Summary: The committee heard several insurance-related bills. SB 371 by Senator Cabaldon would lower uninsured/underinsured motorist coverage requirements for rideshare companies from the current $1 million level to $100,000 per person and $300,000 per incident, with added transparency and data-reporting provisions. Uber, Lyft, and several business groups supported the bill as a way to reduce fares and improve affordability, while consumer attorneys, labor groups, and others opposed it as a major cut in protection for injured passengers and drivers. Committee members raised concerns about whether savings would actually reach riders and drivers, but the bill was approved on a do-pass vote to the next committee, with one member not voting. SB 487 by Senator Grayson would change how settlement or judgment proceeds are distributed when peace officers or firefighters are injured by a third party, ensuring they receive at least two-thirds of the at-fault party’s liability insurance limits in certain cases. Supporters, including public safety unions and an injured deputy sheriff, said current law can leave injured first responders with little or no recovery after employer reimbursement, while opponents representing cities, counties, and public agencies argued the bill would reduce recovery of taxpayer-funded workers’ compensation costs and lacked sufficient data. The committee members who spoke largely supported the bill, and it passed on a do-pass vote to Appropriations, with one member not voting. SB 616 by Senator Rubio would create an independent community hardening commission within the Department of Insurance to develop statewide wildfire mitigation recommendations and a post-catastrophe reporting process. The Department of Insurance, local governments, consumer groups, and fire-related organizations supported the measure as a way to improve wildfire resilience and insurance availability, while water agencies opposed provisions touching water infrastructure and warned of litigation and ratepayer impacts. The bill advanced on a do-pass vote to Appropriations, with some members not voting and one member voting no. The committee also heard SB 547 by Senator Perez, coauthored by Senator Rubio, which would extend wildfire-related insurance cancellation/nonrenewal moratoriums to commercial properties; insurers removed their opposition after amendments, and the bill passed to Appropriations on a do-pass vote.

Transcript Highlights:

• Where would a discounted fare, or a discount as a result of this bill, be reflected in the multiple fees
• Commissioner Lara created the Safer from Wildfires regulations, the first-in-the-nation mandatory insurance discount
• But I, you know, I don't discount the possibility that have been raised by my friend Mr. Brown.

Committee: House Insurance

Summary: The committee heard several insurance-related bills. SB 371 by Senator Cabaldon would reduce uninsured/underinsured motorist coverage limits for rideshare companies from $1 million to $100,000 per person and $300,000 per incident, with the stated goal of lowering fares and improving driver economics. Uber, Lyft, and business groups supported the bill, while consumer attorneys, labor groups, and other opponents argued it would cut passenger and driver protections and should include stronger guarantees that savings reach riders and workers. Members raised questions about data, fee breakdowns, and whether the bill should include a look-back or other accountability measures; the bill was passed on a do-pass vote as proposed to be amended in another committee. SB 487 by Senator Grayson would change how third-party recoveries are distributed when peace officers or firefighters are injured in the line of duty, ensuring injured public safety workers receive at least two-thirds of the at-fault party’s liability insurance limits in certain cases. Supporters, including injured officers and public safety organizations, said current law can leave injured first responders with little or no recovery after employer reimbursement, while opponents representing local governments argued the bill would reduce recovery of taxpayer-funded workers’ compensation costs and lacked sufficient data. The committee discussed the interaction with existing workers’ compensation and retirement benefits, and the bill was moved on a do-pass vote to Appropriations. SB 616 by Senator Rubio would create an independent community hardening commission within the Department of Insurance to develop statewide wildfire mitigation standards and post-catastrophe reports aimed at improving insurability and affordability. The Department of Insurance, local governments, consumer advocates, and fire-related groups supported the measure, while water agencies opposed provisions they said could improperly involve the commission in water infrastructure recommendations and create litigation and ratepayer concerns. The bill was approved on a do-pass vote to Appropriations, with some members voting no or not voting. The committee also considered SB 547 by Senator Perez, coauthored by Senator Rubio, which extends wildfire-related insurance moratorium protections to commercial property policies for one year after a state emergency in affected areas. The Department of Insurance and a broad coalition of local government, consumer, and business groups supported it, and the major insurance trade groups withdrew opposition after amendments. The bill was passed as amended to Appropriations. Separately, SB 770 by Senator Allen would remove an insurance requirement that an HOA be named as an additional insured for residents installing EV chargers in common-interest developments; supporters said the rule is a barrier to home charging, while community association representatives warned it could raise premiums for all members. The discussion focused on balancing EV access with HOA insurance costs, and the bill was supported out of committee.

Transcript Highlights:

• It allowed school districts to receive a 4% discount on their recapture payments to the state.
• For a small district working hard to provide high-quality education, a 4% early payment discount, as
• Texas once offered a modest early payment discount for districts meeting their recapture obligations.
• for the state, early payments could be invested and used strategically, offsetting the cost of the discount

Bills: HB178 , HB178 , HB1551 , HB1939 , HB2040 , HB2354 , HB2674 , HB3029 , HB3460 , HB3631 , HB3662 , HB5201 , HB5381

Committee: House Public Education

Keywords: efficiency audit, political subdivision, tax rate, fiscal management, government accountability, Texas education, public schools, curriculum, social studies, high school graduation requirements, State Board of Education, Education Code, ethnic studies, world history, world geography, U.S. history, government, economics, personal financial literacy, free enterprise

Transcript Highlights:

• , that it be split: the employer pays 50%, the employees pay the other 50%, and then we have the discounts
• pay the other 50% and then we<00:08:07.479><c> have</c><00:08:07.680><c> the</c><00:08:07.919><c> discounts
• </c><00:08:08.360><c> for</c><00:08:08.560><c> others</c><00:08:08.919><c> for</c> we have the discounts
• for others for we have the discounts for others for smaller<00:08:09.560><c> businesses</c><00:08:10.280

Transcript Highlights:

• The window when someone is ready for treatment can be short.
• The<00:10:41.680><c> window</c><00:10:42.080><c> when</c><00:10:42.280><c> someone</c><00:10:42.560><
• When someone is ready for treatment, that window is tiny.
• The window for the will to get treatment, trust me, it's even smaller.
• </c><00:18:05.400><c> The</c> treatment, that window is tiny. The treatment, that window is tiny.

Committee: Senate Health and Human Services

Transcript Highlights:

• But we also need to see an investment from the city of Boston. 9,000 new jobs can't just be discounted
• But we also need to see an investment from the city of Boston. 9,000 new jobs can't just be discounted
• That means something, especially in this day and age. 9,000 new jobs. ...be discounted.

Summary: The Senate considered a fiscal year 2025 close-out supplemental appropriations bill and a series of amendments, many of which were withdrawn, adopted, or rejected. Early debate focused heavily on funding for the 2026 FIFA World Cup in Massachusetts, with Senators O’Connor and Feeney arguing for restoring money for transportation, safety, and event readiness, citing projected ridership surges, economic benefits, and the need for Boston and the Commonwealth to invest. Senator Driscoll also won adoption of an amendment directing the MBTA to study and report on its local assessment formula, using Milton and Quincy as examples of perceived inequities in how communities are charged relative to service received. The Senate then took up several other amendments, including measures on fire survivor support, vaccine liability, mental health and sidewalk projects, council on aging and public safety items, disaster relief, service dogs, and MBTA assessments. Senator Tarr offered amendments on driver record transparency and energy cost reporting, but those were not adopted. A major roll-call vote rejected Tarr’s amendment to restore a larger share of excess capital gains to the stabilization fund; supporters argued for stronger rainy day reserves, while the Ways and Means chair defended the bill’s use of a deficiency reserve fund and warned of revenue losses from federal tax changes. The Senate also adopted an amendment on shelter and Home Base spending transparency, requiring renewed reporting on emergency shelter and housing assistance programs. Later, the chamber adopted Senator Edwards’ amendment creating a Massachusetts Federal Employee and Service Member Civil Relief Act to protect federal workers and service members in the event of a shutdown, including relief from eviction and foreclosure-related harms. The Senate also adopted Senator Rodrigues’s Ways and Means amendment, then approved the underlying supplemental budget as amended and ordered it to third reading. After the final roll call, the bill was passed to be engrossed by a 39-0 vote. The Senate concluded by agreeing to adjourn and by honoring Mrs. Anne Lee in memory, with a brief communication from Senator Cyr noting a prior remote-vote error for the journal.

Transcript Highlights:

• So they no longer have to actually provide high-speed internet to get this discount on their property
• The previous language also had a 10-year life on this discount, it looked like, until 2036.
• Now I don't see that language anymore, so this is going to be an indefinite discount at 15%.

Bills: SB2102 , SB1940 , SB1625 , SB1442 , SB1623 , SB1242 , SB1949 , SB1592 , SB1913 , SB592 , SB992 , SB1241 , SB259 , SB1928 , SB1426 , SB1531 , SB1561 , SB1122

Summary: The Senate convened with prayer, roll call, and several floor and gallery introductions recognizing the Doctor of the Day, Nurse of the Day, Mid-America Christian University, the Oklahoma Truckers Association, Leadership Wagoner County, the Broken Arrow Chamber, and an intern. The chamber then took up several bills in general order. Senate Bill 1426, requested by the Department of Human Services, would limit referrals to district attorneys to substantiated findings of abuse of vulnerable adults; it passed unanimously, 44-0. Senate Bill 1531 was presented as a placeholder vehicle for possible future FAA action on drones and unmanned aircraft, with questions focused on why the bill was being kept open and what language might later be added. It passed 33-12. Senate Bill 1561 would allow EMTs to be subject to progressive discipline for drug or other violations instead of automatic license revocation; it passed 46-0. The most extensive debate centered on Senate Bill 1122, which lowers the ad valorem assessment rate for broadband providers from 22.85% to 15% and was described by supporters as a way to create parity, encourage broadband expansion, and keep providers investing in rural Oklahoma. Opponents argued it would give a tax break to large legacy broadband companies, reduce county revenue by an estimated $20 million, and do little for homeowners, farmers, or other taxpayers facing property tax pressure. After extended questioning and debate, the bill passed 28-19. The Senate also laid over SB 1555, heard announcements, and adjourned until Monday, March 9 at 1:30 p.m.

Transcript Highlights:

• about standing up for the little guy, and I think about who the little guy is in our state, I can't discount
• I can't discount the stories that I've heard of people who go to turn on their tap water and there's
• I cannot discount the stories I've heard of foundations cracking, thus eliminating any kind of equity

Committee: House House Land, Agriculture & Rural Affairs Committee of Reference

Summary: The Land, Agriculture and Rural Affairs Committee heard several measures focused largely on foreign land ownership, historic preservation administration, and limits on the Attorney General’s nuisance-enforcement authority. HCM 2005, which urges Congress to study restrictions on foreign governments from communist or authoritarian countries owning property, drew debate over a proposed amendment to add fascist governments; that amendment failed, and the memorial then received a do pass recommendation. HB 2171, a related bill prohibiting sales or leases of Arizona real property to persons acting for China, Russia, Iran, or North Korea and assigning enforcement duties to state and county agencies, also passed after members debated whether it duplicated existing law and raised constitutional concerns. HB 2790, which would change reporting and administrative structure for the State Historic Preservation Office and appropriate $1 million, received testimony from Arizona State Parks and Trails and the Arizona Preservation Foundation; supporters said it would improve autonomy and efficiency, while others warned about internal inconsistencies and federal funding implications. It was approved on a 5-3 vote. The committee then considered three bills aimed at curbing the Attorney General’s public nuisance actions. HB 2168 would require county board of supervisors consent before the AG could bring a nuisance case in Superior Court; supporters said it would add local control and protect rural industries, while opponents argued it would hinder statewide enforcement and protect large foreign corporations. HB 2169 would make the AG liable for defamation per se if a nuisance action lacks a reasonable basis and is publicized; HB 2167 went further, creating damages, attorney-fee, lost-profit, and treble-damages liability payable from the AG’s operating fund. In testimony, supporters said the bills were needed to check what they described as aggressive or unfair nuisance litigation against rural businesses and water users, while opponents said the measures would chill legitimate enforcement and accountability. All three bills passed on 5-3 votes.

Transcript Highlights:

• about standing up for the little guy, and I think about who the little guy is in our state, I can't discount
• I can't discount the stories I've heard of people who go to turn on their tap water and there's no water
• I cannot discount the stories I've heard of foundations cracking, thus eliminating any kind of equity

Bills: HB2167 , HB2168 , HB2169 , HB2171 , HB2790 , HB2905 , HCM2005

Committees: House Land, Agriculture & Rural Affairs , House House Land, Agriculture & Rural Affairs Committee of Reference

Keywords: attorney general, nuisance action, consumer fraud, damages, civil penalty, public nuisance, nuisance abatement, abatement action, injunction, superior court, county attorney, city attorney, board of supervisors, obscenity, obscene materials, adult materials, pornography, schools, parks, residential district

Transcript Highlights:

• artificially created GDP and income in the economy, but it's not real income because it's all going to be discounted
• artificially created GDP and income in the economy, but it's not real income because it's all going to be discounted
• All going to be discounted two or three years from now.

Summary: The Finance Advisory Committee met for its January session to review Arizona revenue and economic conditions ahead of the budget process. JLBC staff presented the January baseline, noting projected positive cash balances through FY 2029 and about $577 million to $578 million in discretionary capacity, but also highlighting major unfunded items not included in the baseline, including federal tax conformity costs, ongoing one-time spending for state employee health insurance and school facility repairs, and administrative costs tied to H.R. 1. Staff also reviewed revenue trends by category, saying FY26 general fund revenues were running above forecast overall, with strength in retail, restaurants and bars, and individual income tax payments, while contracting and utility-related collections were weaker or flat. They also compared JLBC and executive revenue assumptions and discussed the executive’s proposed revenue changes, including border reimbursement assumptions, sports betting tax changes, data center-related tax and fee proposals, and other non-general fund measures. A major topic was income tax conformity with recent federal tax law changes. Staff explained that current Department of Revenue forms assume “straight conformity,” but the governor’s proposal and vetoed SB 1106 do not fully match those forms, creating possible amendment and timing issues for taxpayers and the department if the legislature adopts a different policy. Members also discussed the difficulty of forecasting revenues amid volatile monthly collections and uncertainty over how much of the current revenue strength will persist in the second half of the fiscal year. Danny Court of Elliott Pollack gave a broader national and state economic outlook, arguing that the U.S. has avoided recession despite several warning indicators, largely because of AI and data center investment, while employment growth has softened and inflation remains above the Fed’s target. He said Arizona remains relatively resilient, with strong population and job pipelines, but faces housing affordability constraints, slowing employment growth, and a more concentrated population forecast in the Phoenix area. Panelists generally agreed that Arizona remains in better shape than many states, though they cautioned that job growth is slowing, population estimates may be revised, and budget and revenue forecasts should be treated carefully given uncertainty in the data. No votes or formal actions were taken.

Transcript Highlights:

• that, the Department of Health consistently approved charity care policies that limited free or discounted
• Charity care policies that limited free or discounted hospital care to the residents of Washington State
• generous as Washington state's: free care for patients at about 200% of the federal poverty level, discounts

Summary: The House Health Care & Wellness Committee held public hearings on several bills. House Bill 2232 would create a Department of Health-operated time-sensitive emergency data repository covering trauma, cardiac, and stroke events, with quality improvement reporting and support for rural facilities; it drew strong support from emergency physicians, nurses, and the Department of Health, while the Washington State Hospital Association said hospitals support the goal but lack the resources to absorb the added requirements. House Bill 1812, as a proposed substitute, would bar insurers and public plans from imposing anesthesia time limits or related reimbursement caps; the sponsor and anesthesia providers said it protects patient safety and fair payment, and the Washington State Society of Anesthesiologists asked for a clarifying amendment on physical status modifiers. House Bill 2250 would limit hospital charity care to Washington residents, while preserving emergency care access; supporters from rural hospitals and the Washington State Hospital Association said the change would help border hospitals facing rising nonresident charity care, and opponents from legal aid, patient advocacy, and LGBTQ groups warned it would create barriers, chill access for immigrants and other vulnerable patients, and conflict with Washington’s safety-net values. The committee also heard House Bill 2340, which would extend existing substance-use monitoring program protections and stipend eligibility to nursing assistants under the Board of Nursing’s CARES program. The sponsor described it as a simple equity measure, and the Board of Nursing supported it, saying it would improve access and reduce stigma; members asked where the stipend funding comes from, and staff and the board said it is currently general-fund supported at about $25,000 annually. House Bill 2577 would change hospital inspection law by requiring acute care hospital inspections every 18 months rather than on average, allowing some accredited inspections to satisfy the requirement every 36 months, and clarifying fire-protection reinspection standards; the sponsor and Department of Health said it responds to a JLARC audit and provides needed clarity, while DOH said it is still working to catch up from inspection delays caused by the public health emergency. The meeting ended after public testimony on the bills was closed and the committee adjourned.

Transcript Highlights:

• that everyone that does partake in hunting, that they certainly have, you know, these available discounts
• The proposal in front of us today is to give them a discount not on any of the things that I just mentioned
• The proposal in front of us today is to give them a discount not on any of the things that I just mentioned

Committee: Senate Finance and Tax

Summary: The Finance and Tax Committee met and first heard SB 674, which would allow county property appraisers, like tax collectors already can, to budget for and pay hiring or retention bonuses if approved in their Department of Revenue budget. Support came from property appraiser representatives, who said the bill would help them compete for specialized staff without requiring new funding. The bill was reported favorably. The committee then considered SJR 318, a proposed constitutional amendment on tangible personal property used on agricultural land, along with an amendment clarifying the exemption’s scope and allowing the Legislature to set conditions by general law. Farm Bureau and the Florida Chamber supported the measure, and the committee adopted the amendment and reported the joint resolution favorably. Members also took up CS for SB 1664, which would require voter reapproval of local discretionary taxes when they expire; an amendment changed the bill to require expiration dates and tied reapproval to tax expiration rather than a fixed eight-year cycle. Local government and tourism groups raised concerns about impacts on tourist development taxes, transportation surtaxes, beaches funding, and long-term financing, while supporters argued voters should periodically affirm local taxes. The committee adopted the amendment and reported the bill favorably. Next, the committee considered SJR 1510 and its implementing bill SB 1512, both dealing with a homestead-style property tax benefit for certain long-term leased residential properties. After multiple amendments narrowed the proposal substantially, limiting it to one qualifying property and then to single-family homes, mobile homes, and condominium units, counties and cities still opposed the measures as a tax shift to other taxpayers. The sponsor said the changes reduced the scope and fiscal impact, and both measures were reported favorably. Finally, the committee heard SPB 7034, the Senate tax package, which includes permanent sales tax exemptions, multiple tax holidays, motor vehicle fee reductions, a property tax study, rural investment tax credits, a freeze on local communications services tax rates, and other tax changes, with an estimated $2.1 billion revenue reduction. Testimony was mixed: property appraisers supported the property tax study, while many public commenters opposed the firearm and ammunition tax holiday and urged inclusion of gun safes and locks instead. County, city, tourism, and lodging representatives raised concerns about tourist development tax limits and other local revenue impacts, while supporters emphasized tax relief and the study’s value. After debate, the committee adopted a motion to submit SPB 7034 as a committee bill and reported it favorably.

Transcript Highlights:

• Fourth, it prohibits retaliation against merchants that offer cash, debit, or gift card discounts.
• I've watched the credit card discount fees go up 10-15% a year. What I really want is competition.
• session, the governor needed $100 million to close his budget hole, so he capped the retail merchant discount

Bills: HB245 , HB245 , HB700 , HB2783 , HB3526 , HB3900 , HB4061 , HB4124 , HB4166 , HB4395 , HB4534 , HB4609 , HB4641 , HB4736 , HB4738 , HB4739 , HB4945 , HB5015 , HJR175

Committee: House Pensions, Investments & Financial Services

Keywords: property tax, delinquent taxes, ad valorem, penalties, interest cap, military service, retirement, law enforcement, custodial officer, Employees Retirement System, commercial financing, brokers, registration, disclosures, finance, consumer protection, fees, deferred compensation, automatic participation, county employees

Transcript Highlights:

• opposed to fee-for-service rec car vault model is that it, as I mentioned before, protects 340B discounts
• You cannot take a state rebate on a brand-name drug and 340B discount pricing from the manufacturer.
• Instead of at the discount price that the state would get.

Committee: House Health Finance and Policy

Transcript Highlights:

• It eliminates the ability for subscribers to get a discount from going renewable, whereas one megawatt
• The subscriber partners receive a guaranteed discount on their electric bill.
• If someone doesn't own their own house, they should have a way to participate in this in a discount fashion

Bills: HF2103 , HF2793

Committee: House Energy Finance and Policy

Transcript Highlights:

• So, I went to Bob's Discount Furniture, found a couch, and we made arrangements. I paid for it.
• </c><01:33:07.440><c> Furniture,</c> So, I went to Bob's Discount Furniture, So, I went to Bob's Discount
• Therefore, I canceled the sale and walked out of Bob’s Discount Furniture without my dog couch.
• When I was at Bob's Discount Furniture, it was an iPad.
• </c><01:40:24.280><c> Furniture,</c> When I was at Bob's Discount Furniture, When I was at Bob's Discount

Committee: Senate Judiciary and Public Safety

Transcript Highlights:

• what's purported from constituents and others, is that the good drivers never saw any additional discount
• All the bad drivers got a jacked-up rate, and the other guys didn't get an additional discount.

Summary: The conference committee on House Bill 1229 met to try to resolve differences between the House and Senate versions of the bill, which deals with reporting certain traffic offenses to driving records and, by extension, insurance companies. House members argued that the House position was driven by concern that reporting lower-level offenses would unfairly raise insurance costs, while Senate members said they opposed removing reporting because they wanted transparency and believed people who break the law should face consequences. The discussion focused heavily on whether the bill should continue to exclude offenses at two points and below from reporting, or whether a narrower compromise such as one point and below might be acceptable. Committee members and DOT Driver and Vehicle Director Brad Schaefer reviewed a color-coded list of offenses and how they are currently reported. Schaefer explained that salmon-shaded items automatically appear on driving records because they trigger suspension or revocation, green items are commercial-driver violations that also trigger suspension, and the remaining unshaded zero-, one-, and some two-point violations were the main subject of the conference discussion. Members debated whether some low-point items, such as equipment violations, no child restraint, distracted driving, and failure to use due care, should remain reportable, while acknowledging that serious offenses like fleeing and human trafficking would remain reportable regardless. No final compromise was reached. Several members expressed interest in a possible middle ground limited to one-point-and-below offenses, but others worried the Senate would not accept it. The committee agreed to adjourn and reschedule after members had more time to review the list and consider possible amendments.

Transcript Highlights:

• for a primary residence, 10% discount for taxpayers having no children presently in the public school
• system, and 10% discount for taxpayers over the age of 65.
• system, and 10% discount for taxpayers over the age of 65.
• The property tax: 20% discount for a primary residence, 10% discount for taxpayers having no children
• presently in the public school system, and 10% discount for taxpayers over the age of 65.

Summary: The Education Funding Committee Subcommittee on Adequacy and Funding Sources opened its second meeting by reviewing four retained bills assigned to it: HB 651, HB 772, HB 491, and HB 734. The chair said the goal was to compare the bills across the board, consider whether any one of them should be the committee’s recommended vehicle, and then vote on a recommendation to the full committee. He noted the bills would move out before November 21 and be taken up on the House floor in January, while related LSRs were also being developed for the coming session. Representative Ames argued that HB 651 should be the main vehicle because it would substantially raise the adequacy base and adjust differential aid categories to better reflect real school costs, including poverty, special education, and English learner needs. He described the bill as building on court guidance and said the current funding formula is far below actual district needs. He also supported HB 491 as a study vehicle to examine revenue options, saying the legislature needs informed choices about how to pay for the changes. Representative Damon strongly backed HB 651 and HB 491, citing constitutional obligations, the Conval and Rand rulings, and large projected funding increases for districts such as Claremont, Windham, and communities in the chair’s district if HB 651 had passed earlier. Representative Fellows said he has an LSR similar to HB 491 that would study existing and new revenue options using criteria such as revenue potential, administrative cost, affected groups, implementation timeline, and implementation cost, with input from revenue administration and outside agencies. Representative Papich Muller emphasized constitutional separation-of-powers concerns, reading Article 83 and saying he was not comfortable with the broad claim that “cherish” clearly mandates a specific spending level, though he said he intends to follow Supreme Court guidance. Representative Ricky read testimony from a local school board member arguing that the state already imposes many mandates on schools while providing the least funding in the country, and that HB 651 would help restore meaningful local control. No final vote or action was taken in the portion provided, though the chair had indicated the subcommittee would vote before adjournment.

Transcript Highlights:

• to the right of the graph, and we do have positive performance in the five-year that exceeds the discount
• But they do most exceed that key benchmark. exceeds the discount factor.
• So that exceeds the discount factor.
• to on the investment side: positive performance, but not necessarily at our target metrics, the discount
• </c><00:25:29.760><c> factor</c> our target metrics the discount factor our target metrics the discount

Summary: The meeting opened with the Pledge of Allegiance and prayer, followed by a roll call confirming a quorum and approval of the prior minutes. A special guest, Dave Eager, was welcomed before the committee moved to presentations from retirement system officials. Bo Craycraft, executive director of the Judicial Form Retirement System, gave a quarterly update on investment performance, asset allocation, and cash flow. He said the plans had held up well amid market volatility, with fiscal year-to-date returns above benchmark and long-term returns remaining strong. He explained that the plans are targeted to a 70% equity/30% fixed-income allocation, that some cash is being held for cash-flow management, and that negative cash flow is expected because of funding and contribution levels. He also said Senate Bill 183, dealing with proxy voting and economic analysis for certain votes, was not expected to materially affect the plans because of their small number of holdings and Bear Trust’s long-term investment approach. Ryan Barrow and Erin Surrod then presented for the Kentucky Pension Authority. They reported positive quarterly performance across the retirement and insurance funds, though results varied by period and remained tied to broader market conditions. They said recent asset-allocation changes had been completed and the funds were now within target ranges. On cash flow, they noted some plans remained negative or near zero, with one plan benefiting from a large appropriation. In the legislative update, they described House Bill 30 as codifying an exclusion from pension-spiking calculations for across-the-board raises, and Senate Bill 10 as increasing retiree health insurance subsidies and changing employee health insurance contribution rules for certain CERS members beginning in 2026. They also said Senate Bill 183 would likely have limited impact, though the agency would review voting policies and incorporate any required economic-analysis procedures.

Transcript Highlights:

• this country illegally, you will no longer be able to get a waiver to get typically a 65% or more discount
• this country illegally, you will no longer be able to get a waiver to get typically a 65% or more discount
• This is a discount on tuition that would otherwise be paid. Additional question.
• I don't think it changes the fact about giving discounts to people who are in this country illegally.
• I don't think it changes the fact about giving discounts to people who are in this country illegally.

Summary: The Senate opened with a quorum, prayer, and the Pledge of Allegiance, then read an amended joint proclamation expanding the special session call to include financial penalties for government officials, criminal penalties for offenses committed by illegal aliens, and programs and appropriations to support law enforcement cooperation with federal immigration enforcement. No committee reports, governor’s messages, or House messages were on the desk before the chamber moved to the special order calendar. The main item was Committee Substitute for Senate Bill 2B, the immigration bill, along with a late-filed strike-all amendment by Senator Gruters. Gruters said the amendment aligned terminology with federal law, increased penalties for crimes by unauthorized aliens, added transnational crime organizations to gang definitions, required stronger participation in the federal 287(g) program, created financial penalties for noncompliance, offered a $1,000 bonus for officers assisting ICE in large operations, directed more information-sharing with federal agencies, and barred DHSMV from issuing licenses or IDs to unauthorized aliens. He framed the bill as supporting President Trump’s immigration agenda and focusing on criminal illegal aliens rather than street-level enforcement. A long question-and-answer period followed, with Senators Polsky, Pizzo, Smith, Jones, Roscoe, Berman, and others pressing the sponsor on scope, legality, costs, and implementation. Questions focused on whether the bill would require participation beyond jails and detention centers, whether schools or churches could be affected, liability and immunity for local agencies, the size and purpose of the proposed appropriations, and the impact on undocumented students receiving in-state tuition waivers. Gruters and Senator Fine said the 287(g) provisions were intended to apply to jails and detention facilities, that green-card holders and lawful residents would not be affected, and that the tuition waiver repeal would end discounted tuition for students in the country illegally while not affecting their ability to attend. Fine also defended the mandatory death penalty provision for certain capital offenses committed by illegal immigrants, acknowledging it would likely be challenged in court but arguing the bill was designed to test and advance the policy. No final vote or other action on the bill is reflected in the excerpt.