Transcript Highlights:

• State government gained 2,600.
• which states are currently treading water and which states are currently growing.
• States are succeeding across the board.
• What that means is if any of these large states that are not yet in recession: California, Texas, New
• There's opportunity throughout the state.

Keywords: 996, all

Transcript Highlights:

• of the State Auditor, Office of the State Engineer, Local Government Division, New Mexico Finance Authority
• rural in the state of New Mexico.
• With the state of New Mexico, they said that we could not give scholarships because the money is state
• We are a combined multi-state office serving Texas, Oklahoma, and Kansas.
• across the state.

Committee: House House Rural Development, Land Grants And Cultural Affairs

Transcript Highlights:

• Sir, State Senator Dave Wallace, District 19. State Representative Dwight Ties, District 38.
• or ten states.
• Am I incorrect in stating that? That is my understanding, yes. Jamming Incorrect in stating that?
• If we're competing with Mississippi State, Clemson, Texas A&M, et cetera...”
• If we're competing with Mississippi State, Clemson, Texas A&M, et cetera, it's very competitive, and

Committee: All JOINT BUDGET COMMITTEE

Summary: The committee first filed a report on the executive protection detail and then reviewed a long list of House and Senate bills that were ready for action, with members instructed to hold any items they wanted removed. The committee then took up several agency requests to amend bills: the Auditor of State’s request for a $370 increase for special deputy expense allowance, the Administrative Office of the Courts’ requests for additional funding for court interpreters and substitute court reporters, and requests tied to local sales tax refunds, county property tax redistribution, emergency medical and law enforcement support, and Northwest Arkansas Community College tornado-related repairs. All of those amendments were adopted, and one amendment on House Bill 1034 was held over at Senator Johnson’s request. A major portion of the meeting focused on an amendment for the Department of Corrections to fund a pilot program using mobile technology to identify and disable illegal inmate cell phones at Varner and Cummins prisons. The bill sponsors and Corrections officials described the problem as a serious public safety issue, saying inmates use contraband phones for criminal activity, trafficking, scams, and outside coordination. Members asked about FCC rules, procurement, whether the system would jam or only identify phones, whether it would affect staff or nearby users, how quickly it would work, whether it would be a one-time or ongoing cost, and whether the department had existing budget authority. Officials said the proposal would require an RFP, that current funding was not available in the department’s budget, and that the technology would be a two-year pilot. The committee ultimately adopted the amendment and then gave the underlying bill a do-pass recommendation. The committee also considered an amendment for the University of Arkansas Division of Agriculture, which sought a $4 million increase in appropriation authority. Senators discussed the division’s role in county extension offices, 4-H, research, and salary competitiveness, while others questioned why the division needed more appropriation room when it already had about $10 million in headroom and had requested a different funding level through higher education. Division representatives said the increase would help with salaries and provide flexibility for future funding, and Higher Education staff clarified the original request and recommendation amounts. After extensive discussion, the committee adopted the amendment and gave it a do-pass recommendation. Finally, the committee began acting on governor’s letters, adopting amendments for a homestead property tax credit increase, insurance department conference travel, property appraisal analysis support, career and technical education professional development, regulatory and casino gaming appropriations, a new program integrity line for the Department of Inspector General, consolidation of licensing board appropriations, deletion of a completed Fort Chaffee Readiness Center appropriation, and a revised reappropriation package for prison expansion that included special language limiting use of the funds. Members asked several questions about the prison reappropriation, including whether it still related to the earlier Calico Rock project and whether special language should be considered separately; the committee moved the governor’s letters forward for drafting and further action.

Transcript Highlights:

• I'm a third year student of Florida State University.
• Unfortunately, we have a few in the state of Florida. Dr.
• Now if you look at other states, we are the only state that has this exception.
• Most other states like Texas, Georgia, Alabama, Connecticut, New York, all of them don't allow survivors
• This is about making history in the state of Florida.

Transcript Highlights:

• State only. And just to...
• We have students placed at the State Hospital.
• But it's our hope for the state.
• state.
• There are state lines.

Committee: House Legislative Health & Human Services Committee

Transcript Highlights:

• number of abortions in the state.
• Every year in our state. Members, today is Redemption Day.
• They are not regulated by the state.
• Many of them are subsidized by the state and by insurance.
• : Texas.

Transcript Highlights:

• , Missouri being the only state among our surrounding states that has this CWIP ban, we have to get rid
• We just need to make our state competitive with the other states.
• We just need to make our state competitive with the other states surrounding us and get rid of this ban
• there might be some witnesses testifying state to state on kind of where this plays out.
• There is a difference in the setbacks depending on state to state.

Committee: House Utilities

Summary: The committee first took up House Committee Substitute for House Bills 21, 22, and 1626, which would combine the bills and add a clawback/refund provision for construction work in progress in base rates if costs were imprudently incurred or a project is not placed in service in a reasonable time. Supporters argued Missouri should remove its CWIP ban to stay competitive with neighboring states and attract utility investment, while opponents warned about unknown costs and timelines for ratepayers. The substitute was adopted, and the committee voted the combined bill do pass by 12 ayes and 7 noes. The committee then considered House Bill 2711, as amended by a substitute, dealing with broadband-related property tax treatment. The sponsor explained the substitute narrowed the bill to new installations, added a seven-year sunset, and aimed to clarify assessment issues. Supporters said the measure would help expand broadband infrastructure and improve service in underserved areas, while opponents argued the tax break should not apply to upgrades within existing service territories and questioned whether the bill truly expanded access. The committee adopted the substitute and voted the bill do pass by 12 ayes and 7 noes. The remainder of the hearing focused on House Bill 2762, a broad solar/wind/water measure. The sponsor described provisions setting a $2,500 per megawatt tax on solar nameplate capacity, creating more uniform assessment rules, establishing setbacks for solar facilities, limiting eminent domain use, and including smaller sections on water district dissolution and wind turbine lighting. Testimony was mixed: solar developers, Clean Grid Alliance, Renew Missouri, and Missouri Farm Bureau supported clearer rules, grandfathering, and setbacks they viewed as reasonable, while landowners and local residents raised concerns about property rights, transparency, runoff, glare, noise, and the impact of large solar projects on neighboring farms and homes. No final action on HB 2762 was taken in the portion provided, but the chair said a committee substitute would be developed to address the solar issues more comprehensively.

Transcript Highlights:

• So the state is picking up a large share of that. So the state is picking up a large share of that.
• the state dollars and 31.
• in those states.
• in those states.
• I have had, Senator Becadol, I have had the opportunity to work in other states, and by far the state

Summary: The Budget Section approved the March 18 minutes and received an OMB update showing the general fund is still ahead of the budgeted starting point, but revenues through May are now about $76 million below the legislative forecast, driven mainly by individual income tax and sales tax shortfalls. OMB also reported the budget stabilization fund is above its cap, meaning a transfer to the general fund is expected, and reviewed oil price/production assumptions, noting continued volatility. Members asked about the income tax netting process, the sales tax decline, oil price discounts/premiums, natural gas taxation, and when the executive branch would present its revenue forecast. The committee then acted on several Emergency Commission requests. It approved, as a group, requests for federal mine reclamation funds for the Public Service Commission, an additional criminal investigator FTE and funding for the Attorney General’s office, and a DPI transfer for bridge software costs. It separately approved DPI request 2164 for $500,000 to support the food vendor program after debate over whether the program’s savings were known and whether the money was simply a pass-through. OMB also reported on federal grants, fiscal irregularities, tobacco settlement proceeds, budget guidelines for agencies, FTE pool usage, vacancy savings, and the DAPL settlement, noting the settlement funds had been deposited and that a deficiency appropriation may be needed later to cover remaining accrued interest. Tax Commissioner Brian Kroshus presented on the primary residence credit program, saying participation has grown sharply and that the current biennium will likely need about $431 million, roughly $22 million above the appropriation. He explained how the credit interacts with homestead and disabled veteran benefits, how the 3% property tax cap works, and why county valuations and mill rates vary. The committee also received a Legacy Fund/Budget Stabilization Fund report showing strong returns, and DOT Director Ron Henke received approval for two Flex Fund highway projects on ND 49 and ND 31. Henke also explained remaining Highway 85 funding and said the department is exploring uses for leftover state dollars. Finally, the Department of Mineral Resources reported on abandoned well plugging and site restoration, noting North Dakota remains in relatively strong shape compared with other states, and DPI began a presentation on gap funding tied to the 3% levy cap, reporting 24 districts received $1.8 million in the first year and projecting higher future needs.

Transcript Highlights:

• But again, this program—no state dollars.
• of North Dakota with absolutely zero state dollars.
• We're in the process of coming up with a current-state scenario and a future-state plan, and then a plan
• the future state, and then putting together a game plan that can accomplish those future-state goals.
• You can see Texas, New Mexico, and North Dakota.

Summary: The committee met as the Budget Section’s Regulatory Division and first reviewed base budget materials for the North Dakota Housing Finance Agency and the Department of Mineral Resources. Legislative Council explained the blue-sheet budget summaries and historical funding trends. The Housing Finance Agency then reported on its ongoing homeownership, housing incentive, and homelessness programs, noting that its new FTEs are being filled, loan servicing remains above benchmark, and the agency is operating largely on special and federal funds rather than general fund dollars. Housing Finance officials said the Housing Incentive Fund continues to be heavily oversubscribed, with requests far exceeding available dollars, and described how funds are being used for multifamily gap financing, rural single-family development, community land trusts, and homeless prevention/rapid rehousing. Members asked about performance measures, the number of people served, and the relationship between housing costs, wages, and homelessness. The agency said it uses scoring criteria tied to performance and outcomes, and requested that the Legislature maintain or increase funding for HIF, single-family housing, and homeless grants. Committee members also discussed the need to coordinate housing finance efforts with Commerce and broader site-preparation and workforce issues. The Department of Mineral Resources reported that it is on track with its budget, has filled most of its newly authorized reclamation positions, and is moving ahead on several initiatives, including IT modernization through Project North Star, organizational succession planning, and rulemaking for critical minerals and oil and gas programs. The director gave an extensive update on oil and gas activity, explaining that longer laterals and operational efficiencies are keeping production relatively flat even as rig counts decline, and that gas capture remains around 95 percent. Members asked about oil prices, hedging, spacing units, and the effects of geopolitical events on markets and state revenues. The committee also received an update on the enhanced oil recovery grant program and the Pipeline Authority. The EOR program’s $25 million appropriation was fully allocated to six projects, with additional oil and gas research funds also committed, and officials said the projects will require public status reports and final reports. The Pipeline Authority described major natural gas transmission projects, including the upcoming Bakken Express line and the proposed Bakken East project, which recently completed a binding open season after the Industrial Commission selected WBI Energy’s proposal to move forward.

Transcript Highlights:

• So the state is picking up a large share of that. So the state is picking up a large share of that.
• the state dollars and 31.
• in those states.
• in those states.
• I have had, Senator Becadol, I have had the opportunity to work in other states, and by far the state

Committee: Joint Budget Section

Keywords: 908, all

Transcript Highlights:

• But again, this program, no state dollars.
• But here in the state.
• We're in the process of coming up with a current-state scenario and a future-state plan, and then a plan
• in the future state, and then putting together a game plan that can accomplish those goals, the future-state
• You can see Texas, New Mexico, and North Dakota.

Summary: The committee met as the Regulatory Division budget section and first reviewed the North Dakota Housing Finance Agency’s budget and program update. Legislative Council outlined the agency’s base budget and historical funding, and Housing Finance staff reported on homeownership lending, housing incentive fund (HIF) awards, and homeless grant spending. Agency officials said the five new FTEs approved last session are mostly filled, with one homeless program manager still open. They described strong demand for HIF, noting that September 2025 multifamily requests exceeded $73 million while only $25 million was available, and that single-family and homeless programs are also heavily subscribed. Members discussed the agency’s local loan servicing workload, interest-rate benefits, down payment assistance, and the need to coordinate housing discussions with Commerce and site-preparation efforts. The agency asked that HIF, single-family, and homeless funding be maintained or increased, and committee members emphasized accountability and statewide access for homeless prevention and rapid rehousing funds. The Department of Mineral Resources then presented its budget and agency initiatives. Staff reported that the department is on track financially, that most of the five new reclamation-related FTEs are hired, and that litigation costs tied to oil and gas matters are expected to continue appearing late in the biennium. The director reviewed ongoing modernization and organizational efforts, including the North Star IT project, succession planning, training, and rulemaking for oil and gas and critical minerals. Members asked about longer laterals, spacing, and production trends; the department said operators are increasingly drilling three-, four-, and even an initial five-mile lateral, which is helping keep North Dakota oil production relatively flat even as rig counts ease. The director also discussed oil price volatility tied to Middle East conflict, hedging practices among producers, gas capture remaining around 95%, and the likelihood that current production levels will stay near flat unless prices or geopolitical conditions change significantly. An update on the enhanced oil recovery grant program followed. The Industrial Commission’s grant administrator said the full $25 million appropriation was allocated in the fall to six projects, and because the oil and gas research fund also had carryover and biennial tax revenue, total awards reached about $45.1 million. The projects are expected to run two to four years, with meaningful results not likely until mid-2026 or later. Members questioned whether the public would have access to the research findings and how accountability would be maintained; staff said the grants are reimbursement-based, require regular status reports, and will culminate in public final reports. The committee also heard from the North Dakota Pipeline Authority, which updated members on natural gas transmission projects, especially WBI Energy’s proposed Bakken East pipeline. The authority said the project has advanced through a nonbinding and then binding open season, with WBI now securing survey permissions and moving through regulatory and landowner processes, while other related gas transmission projects near Minot and Epping are also in development.

Transcript Highlights:

• So the state is picking up a large share of that. So the state is picking up a large share of that.
• the state dollars and 31.
• in those states.
• I have had the opportunity to work in other states, and by far the state that's in the best shape for
• in those states.

Committee: Joint Budget Section

Summary: The Budget Section met to approve prior minutes and receive a series of budget, revenue, and program updates from OMB, the Tax Department, DOT, DMR, and DPI. OMB reported that general fund revenues through May were about $76 million below the legislative forecast, driven mainly by individual income tax and sales tax shortfalls, though the biennium is still projected to end with a positive balance. OMB also reviewed oil price and production assumptions, the budget stabilization fund transfer above its cap, Legacy Fund performance, federal grant applications, fiscal irregularities, tobacco settlement proceeds, budget guidelines for agencies, vacancy savings, and the DAPL settlement, noting that most of the settlement funds had been deposited but a small amount of accrued interest would require a future deficiency request. The committee then considered Emergency Commission requests. It approved requests for Public Service Commission abandoned mine lands federal authority, an Attorney General FTE and related funding for criminal investigator work tied to the Office of Guardianship and Conservatorship, and a DPI transfer for bridge software costs. After discussion, the committee also approved DPI’s request for a $500,000 transfer for the food vendor program, despite questions about the program’s savings and cash-flow structure. Later, the Tax Commissioner presented the primary residence credit program, reporting that current biennium costs are expected to exceed the appropriation by about $22 million and explaining how the credit interacts with homestead and disabled veteran credits and the 3% property tax levy cap. The Legacy and Budget Stabilization Fund Advisory Board reported strong returns for both funds, and DOT sought and received approval for two flexible fund highway projects on ND 49 and ND 31. DOT also updated members on Highway 85 construction and said remaining flex fund dollars were essentially fully allocated. DMR reported on the abandoned well plugging and site reclamation fund, noting North Dakota’s relatively small orphan well inventory, current and projected fund balances, rising remediation costs, and a possible need to adjust the fund cap in future sessions. Finally, DPI outlined the new integrated formula gap funding program, explaining that it compensates school districts that cannot reach the assumed 60-mill local contribution because of the 3% levy cap; the first year’s gap funding totaled about $1.8 million, with future costs expected to grow.

Transcript Highlights:

• All other support and opposition can be stated at the standing mic when called upon to simply state name
• That means more skilled and reliable crews delivering projects to the state.
• As stated previously, PCH isn't a waterfront highway in Long Beach.
• And in March, the state of... ...the state of Washington signed legislation to regulate ALPR use and
• It's been seven years, as you stated in your opening testimony, since the California State Auditor first

Committee: House Transportation

Keywords: 988, house, all

Transcript Highlights:

• Nine Skyline wrestlers placed at the state tournament, including three individual state champions.
• . the first state championship in Skyline High School history and the first state title ever won by a
• Nine skyline wrestlers placed at the state tournament, including three individual state champions.
• gerrymandered, wherein I stated the reality that the Texas redistricting is a little bit more complicated
• gerrymandered, wherein I stated the reality that the Texas redistricting is a little bit more complicated

Keywords: March 06, 2026 - Regular Session, 976, house, all

Transcript Highlights:

• Simply stated, if we cut school meals, students will go hungry.
• coal. $200 million in non-competitive funding to state agencies through cooperative agreements. 42 states
• Many different crops in the state have had low commodity prices.
• Pretty soon people might not want to leave the state anymore.
• Pretty soon people might not want to leave the state anymore.

Summary: The Assembly convened after a quorum call, opened with prayer and the Pledge of Allegiance, and then held its Latino Spirit Awards ceremony. Members adopted House Resolution 16, proclaiming May 4–11, 2025 as Cinco de Mayo Week, after supportive remarks from several caucuses emphasizing Mexican history, women’s contributions, LGBTQ solidarity, Black and Brown unity, and AAPI and Jewish community support. The chamber then recognized 11 Latino Spirit honorees for achievements in human rights, business, arts, public service, community empowerment, health and science, environmental justice, philanthropy, and entertainment. After the ceremony, the Assembly returned to floor business and approved a series of measures. AB 60, banning synthetic nitro musks in cosmetics and personal care products, passed 56–3. AJR 6, urging Congress to protect federal school meal and local food funding, drew extensive debate and broad bipartisan support; members cited child hunger, farm economies, and local food systems, and it passed 76–0 with 73 coauthors added. Other measures adopted included AB 679 on state park land acquisitions, AB 681 expanding Dream Loan Program caps for undocumented graduate students, AB 1224 on substitute teacher continuity, AB 831 on gaming technical changes, AB 259 extending Brown Act teleconferencing flexibility, AB 467 extending Los Angeles Neighborhood Council teleconferencing authority, and AB 519 targeting deceptive puppy mill sales. The chamber also passed AB 1522, an urgency Judiciary Committee bill protecting attorneys from politically motivated discipline and creating an expedited licensing path for some former federal attorneys, and AB 263, which extends temporary water flow requirements on the Shasta and Smith Rivers; that bill drew sharp disagreement over water rights, tribal participation, and impacts on farmers, but ultimately passed 51–16. Additional measures approved included AB 428 on pooled insurance for water corporations, AB 492 requiring notice to local jurisdictions when recovery treatment facilities are licensed, and AB 536 preserving colorectal cancer screening coverage. The Assembly also adopted a motion to suspend file notice so Appropriations could hear AB 379 on May 7.

Transcript Highlights:

• Shope, Arizona State Senator, L.D. 16; signed Chris Lopez, Arizona State Representative, L.D. 16; signed
• Teresa Martinez, Arizona State Representative, L.D. 16.
• Thank you. ...and congressional district in the state.
• It introduces an entire new type of state holiday.
• Many have stated the reasons why it is important to rename this day.

Keywords: 1182, all

Transcript Highlights:

• State your name, who you represent. Mr.
• If you state your name and who you represent.
• Because that's what we've said as a state.
• But there is also language in federal rule that oftentimes states, unless there is a state law, this
• So it cost the state more money.

Summary: The committee approved the March 3 and March 10 minutes, then introduced RS 33592C1, a proposal for a state pilot program to study psychedelic substances for PTSD and traumatic brain injury, with the sponsor saying no state funding was requested. The committee also heard and advanced Senate Bill 1255, which would add tribal health care facilities and tribal police officers to Idaho’s involuntary commitment process so tribal members in mental health crises can be evaluated and held more quickly; tribal representatives and the sponsor said it would improve coordination without changing state funding or the underlying commitment standards. The bill was sent to the floor with a due pass recommendation. The committee then took up Senate Bill 1257 on foster care visitation and permanency. The bill would clarify that visitation can include in-person, video, phone, and written contact, limit in-person visitation after substantiated serious physical or sexual abuse unless a court finds it is in the child’s best interest, and allow courts to consider a parent’s likely long-term incarceration when deciding permanency and termination. Department officials, foster parents, adoptees, and child welfare advocates testified that the bill would protect children from re-traumatization and give courts clearer statutory guidance. Some members raised due process and parental-rights concerns, arguing the bill could expand agency power or reduce protections, but after a failed motion to hold the bill in committee, the committee approved it on a roll call vote and sent it to the floor with a due pass recommendation. The committee also resumed testimony on House Bill 808, which would expand the Medical Freedom Act. County, hospital, city, business, and public health witnesses opposed the bill, saying it would create conflicts with federal health and accreditation rules, weaken school and child care immunization protections, reduce the usefulness of the IRIS immunization registry, and interfere with employer and public-safety decisions. Supporters argued the bill would strengthen bodily autonomy and parental choice and reduce coercion around vaccines. The sponsor closed by saying the bill was about protecting private medical decisions, but no final action on HB 808 was taken in the portion provided.

Transcript Highlights:

• The number 40 caught me, sparked my interest because it's 50 states.
• And so every state doesn't have a safety-net insurance company similar to And so every state doesn't
• And the idea is, for instance, you know, Texas, Texas wind. They have major wind events.
• They have different appetites in certain areas of the state.
• That is a state law requirement.

Summary: The Insurance and Banking Subcommittee received a lengthy presentation from Citizens Property Insurance Corporation CEO Tim Serio, with Insurance Commissioner Michael Yaworski also answering questions. Serio reviewed Citizens’ role as Florida’s insurer of last resort, its statutory funding structure, eligibility rules, depopulation program, reinsurance obligations, and the surcharge/emergency assessment mechanisms that can be used if Citizens runs a deficit. He emphasized that recent legislative reforms, combined with lower litigation and improved market conditions, have helped the private market recover and reduced Citizens’ policy count from a peak of about 1.41 million in 2023 to 936,182 at the end of 2024, with a projected drop to about 771,000 by the end of 2025. He also said the reforms reduced Citizens’ rate need and helped avoid an emergency assessment after the 2024 storms. Members asked about Citizens’ rate increases, why Citizens still seeks higher rates despite lower litigation, how the 20% eligibility threshold works, whether Citizens should be wind-only, and whether the state or federal government could help with deficits. Serio explained that Citizens is still charging below actuarially sound rates in most areas, that rate filings reflect reduced litigation and lower reinsurance exposure, and that assessments on all Florida property policyholders are the reason Citizens tries to build surplus and depopulate. He said the depopulation program is working better than in the past, with less than 2% of takeout policies returning to Citizens, and that the Office of Insurance Regulation has been vetting takeout companies more carefully. A substantial portion of the discussion focused on claims handling after Debby, Helene, and Milton, including flood-versus-wind disputes and Citizens’ use of the Division of Administrative Hearings for some claim disputes. Serio said Citizens had received 76,625 claims from the three storms and had paid nearly $823 million in indemnity and expenses as of January 7, 2025. He said many closed-without-payment claims were either below deductible, withdrawn, duplicate, or flood-only, and that Citizens had asked its internal audit function to independently review the claims data and denials. He also described Citizens’ storm outreach, catastrophe response centers, managed-repair program, and claim review process, and said the corporation remains focused on paying valid claims while minimizing the risk of assessments on the broader Florida market.

Transcript Highlights:

• But again, this program uses no state dollars.
• of North Dakota with absolutely zero state dollars.
• We’re in the process of coming up with a current-state scenario and a future-state plan, and then a plan
• in the future state, and then putting together a game plan that can accomplish those goals, the future-state
• You can see Texas, New Mexico, and North Dakota.

Keywords: 908, all

Summary: The committee met as the Regulatory Division of the budget section and received updates on several Industrial Commission-related agencies and programs. Legislative Council first reviewed base budget materials, then the North Dakota Housing Finance Agency reported on its current appropriation and staffing, noting that its new FTEs were being filled gradually and that it remained largely funded through special and federal funds. Agency leaders described homeownership lending, loan servicing, and housing incentive fund activity, including below-market mortgage rates, down payment assistance, and a growing servicing portfolio that has increased workload but not yet required additional FTEs. Housing Finance also detailed use of the Housing Incentive Fund and homeless grant dollars. Officials said the multifamily HIF round drew more than $73 million in requests and awarded $25 million, while the single-family program supported rural development and community land trusts. Homeless grant funding was split between emergency shelter, prevention, and rapid rehousing, with performance-based scoring used to renew or reallocate awards. Members discussed housing affordability, aging households, rental assistance, and the need to coordinate housing and site-preparation messaging with Commerce. The agency asked that HIF, single-family, and homeless funding be maintained or increased in the next session. The Department of Mineral Resources then presented its budget and operations update. Staff said the agency was on track financially, had filled most of its new reclamation FTEs, and was not expecting major litigation costs beyond normal late-biennium invoices. The director reviewed agency initiatives including Project North Star IT modernization, organizational restructuring, succession planning, rulemaking, and implementation of the development incentive well tax program and critical minerals rules. He also discussed oil and gas activity, explaining that longer laterals, especially three- and four-mile wells and the first five-mile spacing case, are helping keep production relatively flat even as rig counts ease. Members asked about gas capture, hedging, break-even prices, and the effects of Iran and Venezuela on oil markets. The committee also heard about enhanced oil recovery grants and the Pipeline Authority. The EOR program’s $25 million appropriation was fully allocated to six projects, with total awards reaching about $45.1 million when other fund balances were included, subject to a possible 5% reduction if federal DOE money does not materialize. Officials said the projects are public, reimbursement-based, and will produce results over the next several years. Finally, the Pipeline Authority outlined natural gas transmission projects, including the imminent Bakken Express line and the proposed Bakken East project, which WBI was selected to advance after an Industrial Commission RFI process. The project is moving through open season, survey permission, and regulatory work, with in-service dates projected for 2029 and 2030.

Transcript Highlights:

• The United States, sir. That's right.
• States if it poses a variety of risks, to include cybersecurity risks.
• It is a billion-dollar industry in this country and my state.
• Our colleagues at the State Department have very important tools.
• Again, I'm from a state where ordinary folks are just struggling.

Committee: Senate Banking, Housing, and Urban Affairs Committee

Keywords: legislation, housing affordability, financial regulation, public testimony, accountability, oversight

Summary: The meeting involved significant discussions around key legislative proposals, primarily focusing on various bills such as HB2 and SB5. The committee examined the implications of these bills on issues like housing affordability and financial regulation. Notable members engaged in debates, providing differing perspectives on the potential economic impacts of the proposed bills. The meeting witnessed public testimony, which included a call for accountability in government actions and oversight of current financial policies. Members echoed concerns about following through on commitments to address critical issues affecting everyday Americans.