Transcript Highlights:

• c> nextc><00:15:34.319><c> upc><00:15:34.519><c> wec><00:15:34.720><c> havec><00:15:35.279><c
• <00:27:24.159><c> typec><00:27:24.559><c> theyc> actually doesn't have uh that type they actually
• doesn't have uh that type they don't<00:27:24.919><c> stepc><00:27:25.159><c> inc><00:27:25.279>
• c> isc><00:36:02.680><c> anotherc><00:36:03.000><c> typec><00:36:03.160><c> ofc> 2020 and um
• this is another type of 2020 and um this is another type of environmental<00:36:03.960><c> pollution<

Keywords: 910, house, all

Summary: The committee heard testimony on several measures, beginning with HB 205 HD1 and HB 480 HD1 on workers’ compensation. Testifiers from the Department of Labor and Industrial Relations and the Department of Human Resources Development supported the bills, with DLIR saying HB 205 would codify and regulate nonprescription over-the-counter drugs at a reasonable rate, and DHRD saying HB 480 would encourage timely and accurate assessments of injured workers’ physical abilities. No opposition was raised on those measures, and the committee moved on without votes or amendments noted. On HB 331 HD1 relating to permits, the University of Hawaiʻi, the Department of Education, and the Hawaii School Facilities Authority supported the bill, while the Board of Water Supply and Greg Mikan opposed it. Supporters did not elaborate much beyond standing on written testimony, but the School Facilities Authority asked that renovations be added to the definition of repeatable projects. Opponents argued the Department of Planning and Permitting is understaffed and that bypassing or speeding the permitting review process could create problems, especially for projects requiring proper engineering review. No action was taken beyond hearing testimony. The committee also heard HB 72 HD1 on pharmacy technician regulation, with the Board of Pharmacy offering comments and the Hawaii Pharmacist Association, Walgreens, and Mōʻiliʻili Drugs supporting the measure. Supporters said pharmacy technicians already perform essential duties such as vaccinations, compounding, inventory, and dispensing, and argued Hawaiʻi is the only state without an active managed list of practicing pharmacy technicians. On HB 139 HD1 regarding insurance, the Department of Commerce and Consumer Affairs offered comments, and the Hawaii Society for Clinical Oncologists supported the bill, arguing fertility preservation coverage should not conflict with federal law or the prepaid health care system. On HB 32 HD1 relating to cannabis, the Attorney General and Department of Health raised concerns about allowing purchase before certification is approved, while the Hawaii Cannabis Industry Association supported the bill and suggested lowering the purchase limit from 2 ounces to 1 ounce; the Department of Health said its average turnaround is two to three business days, with about 20% of applications returned for incompleteness and an internal expedited process for certain cases. Later, the committee heard HB 470 HD1 on noise, with the Department of Health supporting the goal of reducing noise pollution but cautioning that regulating intermittent noise like string trimmers is complicated, while the Retail Merchants of Hawaiʻi opposed the bill as a hardship for small businesses and questioned the practicality of battery-powered equipment. Ted Bolan supported the measure, saying it would not ban gas leaf blowers but would require quieter models over time. The committee then heard HB 534 HD1 on labeling requirements, where DLNR and the Department of Agriculture offered comments and several fishing and consumer groups supported the bill. Testimony focused on seafood origin labeling, especially raw tuna used in poke and sushi, with DLNR explaining the bill was being narrowed to avoid federal preemption and to avoid unintentionally covering canned tuna or other processed products. Finally, the committee heard H47 HD1 on aquaculture, with the Department of Agriculture, the Hawaii Invasive Species Council, and the Agribusiness Development Corporation supporting the measure; no votes were taken on any bill during the hearing.

Transcript Highlights:

• 16:30.320><c> Ic><00:16:30.560><c> pivotedc><00:16:30.959><c> fromc><00:16:31.199><c> onlinec
• <00:29:34.080><c> processc><00:29:34.480><c> thec><00:29:34.720><c> typesc><00:29:34.960><c> of
• c><00:29:35.120><c> metalsc> that could process the types of metals that could process the types
• of various types.<00:41:53.760><c> uhc><00:41:54.319><c> 20c><00:41:54.960><c> oddc><00:41:55.359
• ><c> notec> types. uh 20 odd species at uh of note types. uh 20 odd species at uh of note uh<00:41:

Keywords: 910, house, all

Summary: The House Committee on Higher Education met on February 13 and heard several bills, with most testimony focused on House Bill 2340, an emergency appropriation for the University of Hawaii to expand and sustain the Maui wildfire exposure study and Maui Health Registry. Supporters described the program as a critical, community-based response to the Maui fires that provides health screenings, mental health support, referrals, and workforce training. Testifiers said the study has identified serious health issues, including respiratory problems, heavy metal exposure, high blood pressure, diabetes, and anemia, and several emphasized that the program has saved lives and should be expanded to reach more children and underserved residents. Committee members also noted broad written support from medical, public health, and community organizations. The committee then heard House Bill 65, HD1, on human and community resilience, which would fund development of a Human and Community Resilience Institute. The dean testifying for the University of Hawaii said the institute would take a data-driven, community-based approach to food and nutritional security, especially given Hawaii’s high food insecurity rate and the loss of SNAP-related positions. House Bill 6005, also on the agenda, drew testimony in support from the Hawaii Farm Bureau and others, though the transcript excerpt does not include the bill’s full description. The committee also heard House Bill 1605, HD1, expanding the Hawaii National Guard state tuition assistance program to graduate degrees; the Department of Defense, Hawaii Army National Guard, and University of Hawaii supported it, and members clarified that it is a state program separate from the federal GI Bill, though it may sometimes be combined depending on eligibility. Later, the committee heard House Bill 1967, HD1, on permitting workforce development, which would implement recommendations of the speed task force by creating a permitting workforce pipeline with community colleges and coordinating with state and county permitting agencies. The Office of Planning and Sustainable Development and the University of Hawaii supported the measure. House Bill 2139, HD1, on invasive species, would fund research on treatment methods for the Queensland Longhorn Beetle; DLNR, the Farm Bureau, CGAPS, University of Hawaii at Hilo researchers, farmers, and others supported it, citing damage to native trees, culturally important plants, and crops such as cacao, and noting promising early results from nematode biocontrol trials. The final bill heard was House Bill 2383, HD1, establishing a statewide workforce PELL grant framework for short-term training programs; the Department of Labor and Industrial Relations, the Workforce Development Council, and the University of Hawaii testified, and a committee discussion followed about how responsibilities would be divided among DIR, WDC, and the governor’s certification role. No votes or final committee actions were taken in the portion provided.

Transcript Highlights:

• <00:32:56.880><c> andc><00:32:57.039><c> neighborhoodc><00:32:57.519><c> typec><00:32:57.760><c
• :31:44.960><c> typesc><02:31:45.200><c> ofc> provisions.
• <c> typec><04:28:19.760><c> ofc><04:28:19.920><c> informationc> sets on this type of information
• /c><04:30:46.880><c> thatc><04:30:47.120><c> thisc><04:30:47.600><c> typec><04:30:47.840><c> of
• c><04:30:48.159><c> informationc> you think that this type of information you think that this type

Keywords: 1189, house, all

Transcript Highlights:

• typec><00:23:13.679><c> ofc> those type of those type of things<00:23:16.320><c> representative<
• c><01:22:57.639><c> versusc> premium eye Lev type of product versus premium eye Lev type of product
• :37:08.439><c> licensec><03:37:08.880><c> typesc> again if there's fewer license types again if there's
• 22.680><c> ofc><03:42:22.800><c> concernc> and that type of um just type of concern and that type
• ><c> includesc><05:55:51.040><c> schoolc> employer type that that includes school employer type that

Keywords: 928, house, all

Summary: The committee first reviewed House Bill 1, focusing on the legislative branch budget, especially the Senate and House lines. Members discussed that the Senate’s fiscal year 2025 adjusted authorized amount was higher than 2024 actual spending, largely due to personnel, benefits, and travel, and one member proposed a $500,000 annual cut. Staff explained that any reduction would need to be allocated across specific line items such as personnel, benefits, and travel, and noted that the Senate budget is entirely General Funds. After discussion of how the adjusted authorized figures were calculated and why the branch no longer staffs some joint committees as it once did, the committee moved on without taking a vote on that section. The committee then heard a detailed presentation from the New Hampshire Retirement System. NHRS officials described their statutory administrative budget, which is funded through the retirement trust rather than the General Fund, and said the FY 2026-2027 increase is driven by IT modernization, cybersecurity, a new strategic plan, and additional staff positions. They also reviewed the system’s funding progress, clean audit opinions, investment performance, and changes to asset allocation, while noting that several recent pension-related laws required major database changes. Members questioned the large increase in salaries and benefits, the need for new employees versus contractors, the purpose of training costs, and the source of the Group Two benefit funding. NHRS said the governor’s budget includes General Funds for Group Two benefit changes, with $5 million in FY 2026 and $27.9 million in FY 2027, and that the figures reflect the governor’s recommendation and related HB 2 provisions. Committee members also asked about employer and employee contribution rates for Group Two police and fire members, which NHRS said were not included in the budget document but were about 31.2% for police and 30.35% for fire, with employee shares around 11.55% and 11.8%. The committee did not make a decision on the NHRS budget during this exchange and indicated it would review the details further before returning to it later. The committee then heard from the Community Development Finance Authority on the State Treasury Department budget line for the required state match to administer the federal Community Development Block Grant program. CDFA explained that its $280,000 annual request for FY 2026 and FY 2027, totaling $560,000, supports administration, technical assistance, contracting, and monitoring of roughly $19 million in annual federal CDBG funds. Members asked about the leverage of the state match, oversight of projects, staffing, and grant prioritization. CDFA said it has 18 employees, uses public hearings and a scoring system to prioritize awards, and conducts both desk and on-site monitoring, with annual audits to ensure compliance. No vote was taken on the CDFA item in the portion provided.

Transcript Highlights:

• /c><01:23:53.600><c> concerningc> types of concerns concern uh concerning types of concerns concern
• c><01:55:57.920><c> uhc><01:55:58.080><c> toc> chemistry type materials uh to chemistry type materials
• /c><02:15:30.239><c> typesc> process for that.
• needc><02:49:00.479><c> thisc><02:49:00.800><c> typec><02:49:01.040><c> ofc><02:49:01.600><c
• :49:30.880><c> typec><02:49:31.040><c> ofc> becoming popular uh to use this type of becoming popular

Keywords: 916, all

Transcript Highlights:

• ><c> somec><00:44:13.920><c> typesc><00:44:14.400><c> ofc> a dealer in Minnesota for some types
• ><c> forc><00:45:30.720><c> thosec><00:45:31.040><c> typesc><00:45:31.280><c> ofc> definitions
• ><c> ofc><00:46:22.240><c> specialc><00:46:23.119><c> licensec> authorizes a new type of special
• c><00:48:06.960><c> typesc><00:48:07.200><c> ofc> with sales of other types of with sales of other
• ><c> bothc><00:48:28.559><c> deputyc> types of transactions to both deputy types of transactions

Keywords: 1187, senate, all

Transcript Highlights:

• c><00:04:34.400><c> Umc><00:04:34.720><c> andc><00:04:34.960><c> onec><00:04:35.120><c> ofc
• c><00:16:24.639><c> orc><00:16:24.880><c> somec><00:16:25.040><c> typec> better those relationships
• or some type better those relationships or some type of<00:16:26.079><c> processc><00:16:26.560><c
• ><c> inc><01:06:51.920><c> anc><01:06:52.079><c> ARSc><01:06:52.720><c> typec><01:06:53.039><
• c> agreement,c> and uh in an ARS type agreement, and uh in an ARS type agreement, authority<01:06:54.160

Keywords: 916, all

Transcript Highlights:

• :55.840><c> thec><00:03:56.000><c> typesc><00:03:56.159><c> ofc> additional restrictions on the
• <c> eyeball,c><00:21:29.520><c> bleeding,c><00:21:30.400><c> infection,c> While few injection types
• 30:04.080><c> arec><00:30:04.640><c> ac><00:30:05.039><c> couplec><00:30:05.600><c> typesc> injections
• 52.079><c> typesc><00:42:52.319><c> ofc> specifically don't allow these types of specifically don't
• ><c> whatc><00:43:11.520><c> typesc><00:43:11.920><c> ofc><00:43:12.880><c> trainingc><00:43:

Keywords: 1183, house

Transcript Highlights:

• :15:46.160><c> typec><00:15:46.360><c> ofc><00:15:46.560><c> workc><00:15:47.079><c> isc> health
• /c><00:15:49.959><c> typec><00:15:50.120><c> ofc> invaluable but the need for this type of invaluable
• but the need for this type of work<00:15:50.440><c> inc><00:15:50.560><c> thec><00:15:50.720><c>
• c> Typec><00:58:59.319><c> 1c><00:58:59.640><c> diabetesc><00:59:00.359><c> anc><00:59:00.559
• /c><00:59:39.240><c> forc><00:59:39.400><c> herc><00:59:39.640><c> typec><00:59:39.839><c> 1c

Keywords: 1187, senate, all

Transcript Highlights:

• :32.639><c> typesc><00:05:32.880><c> ofc><00:05:33.080><c> thingsc><00:05:33.319><c> thatc><00
• to the doctor um so those like to talk to the doctor um so those types<00:12:19.000><c> ofc><00:12
• :12:20.199><c> butc><00:12:20.680><c> ifc><00:12:20.920><c> ifc> types of things are in place but
• if if types of things are in place but if if it's<00:12:21.680><c> ac><00:12:21.959><c> Medicaid
• c> typec> there any concern I when I saw the type there any concern I when I saw the type of<03:50:

Keywords: 1189, house, all

Transcript Highlights:

• <c> typesc> program there was other different types program there was other different types of<00:04
• 32.640><c> uhc><00:08:32.760><c> threec><00:08:33.000><c> differentc><00:08:33.320><c> typesc
• ><c> uhc><00:34:58.800><c> inc><00:34:59.000><c> thosec><00:34:59.280><c> typec><00:34:59.440
• ><c> ofc> farmers uh uh in those type of farmers uh uh in those type of situations<00:35:00.560><c>
• 29.800><c> thec><01:48:29.960><c> typesc><01:48:30.199><c> ofc><01:48:30.760><c> vehiclec><01

Keywords: 1187, senate, all

Transcript Highlights:

• c><00:03:52.239><c> camec><00:03:52.480><c> toc><00:03:52.640><c> ac><00:03:52.879><c> billc>
• c> bitc><00:05:00.400><c> umc><00:05:00.560><c> soc><00:05:00.800><c> therec><00:05:01.120><c
• typesc><00:38:39.440><c> ofc><00:38:39.839><c> all-terrainc><00:38:40.400><c> vehiclesc><00:38
• :40.880><c> whenc> some types of all-terrain vehicles when some types of all-terrain vehicles when
• 41:05.599><c> typesc><00:41:05.839><c> ofc><00:41:06.079><c> prec><00:41:06.640><c> ofc> Section

Bills: HF2438

Keywords: transportation finance, transportation policy, MnDOT, Minnesota Department of Transportation, Department of Public Safety, Metropolitan Council, highway funding, trunk highway fund, county state-aid highway fund, municipal state-aid street fund, state aid roads, local roads, bridge funding, road construction, transit funding, passenger rail, freight rail, aviation, airport development, safe routes to school

Transcript Highlights:

• :03.880><c> uhc><00:39:04.680><c> somec><00:39:04.960><c> typec><00:39:05.200><c> ofc><00:39:
• :39:06.319><c> typec><00:39:06.480><c> ofc><00:39:06.920><c> assistancec><00:39:07.920><c> um
• :14:54.480><c> typec><05:14:54.638><c> ofc> another space for that in this type of another space
• ><c> typec><06:37:18.200><c> ofc><06:37:18.320><c> moneyc><06:37:19.320><c> mostc> if you've
• > thesec><06:37:22.398><c> typec><06:37:22.558><c> ofc> time of their life when these type of time

Keywords: 1189, house, all

Transcript Highlights:

• 17.840><c> welcomec><00:01:18.119><c> toc><00:01:18.280><c> thec><00:01:18.439><c> committeec
• ><c> everythingc><00:01:39.240><c> wasc><00:01:39.399><c> inc><00:01:39.600><c> therec><00:01
• umc><00:01:44.560><c> welcomec><00:01:44.840><c> toc><00:01:44.960><c> thec><00:01:45.240><c
• :01:51.159><c> toc><00:01:51.360><c> yourc><00:01:51.560><c> billc><00:01:52.040><c> ifc><00:
• c><00:05:33.080><c> asc><00:05:33.280><c> thisc><00:05:33.680><c> isc><00:05:34.039><c> isc

Keywords: 1187, senate, all

Transcript Highlights:

• Um it leads to a lot of different<00:02:25.840><c> typesc><00:02:26.160><c> ofc><00:02:26.319><c>
• circumstancesc><00:02:27.120><c> thatc> different types of circumstances that different types of
• And so these<00:03:26.480><c> typesc><00:03:26.720><c> ofc><00:03:26.879><c> discussionsc><00:03
• :27.920><c> aboutc><00:03:28.480><c> howc><00:03:28.800><c> thec> these types of discussions about
• c><00:40:25.839><c> Um,c><00:40:26.800><c> thisc> type of diversion process.

Keywords: 958, all

Summary: The Senate Judiciary Committee met with a quorum and took up Senate Bill 50, sponsored by Chair Storm and President Stivers, a broad probate and trust measure. Stivers and attorney Barry explained that the bill updates Kentucky probate and intestacy procedures to better fit electronic filing and modern family structures, adjusts inheritance tax classifications to reflect longer lifespans and more complex family relationships, and adopts newer trust tools used in other states, including electronic wills and directed trusts. They also described a domestic asset protection trust provision, saying it is intended to level the playing field with other states and is not meant to help people evade existing creditors; they noted one non-uniform section may have fiscal impact and could warrant referral to Appropriations and Revenue. Members asked about the asset protection trust language, especially whether it could shield assets after a lawsuit is pending or threatened. Barry said the bill would not allow transfers to defeat existing or threatened claims and that the protection only applies where there are no such claims at the time of transfer. Senators also discussed whether the trust could be used for spendthrift-style family planning, with Barry noting trusts can already be drafted for that purpose and that the bill is not aimed at that issue. Senator Thomas requested more detail on the inheritance tax changes, and Stivers explained that the bill would move more beneficiaries into the no-tax category because estates now often pass to older children, grandchildren, and step-relatives, creating unexpected tax liability. He and others said the changes were meant to reflect modern family patterns and longer life expectancy, and Thomas said he was not opposed to the tax changes but wanted the public to understand them. Tim Shank of the Kentucky Bankers Association testified that the bankers were not opposing the bill overall but had concerns about the domestic asset protection trust section, particularly its treatment of existing mortgages and creditor claims. He said the bill’s notice and claim-extinguishment provisions could create unintended consequences for mortgage holders, and he urged changes to protect existing debt. In response, Senator Thomas questioned whether a lender that takes no action for the bill’s six-month-to-two-year claim period should lose its claim, but Shank replied that federal mortgage rules and payment status could complicate that assumption. The discussion ended with acknowledgment that the mortgage issue was likely unintended and would need further review.

Transcript Highlights:

• :29:47.880><c> supportc><00:29:48.280><c> thisc><00:29:48.480><c> typec><00:29:48.680><c> ofc
• :44.800><c> onec><01:20:45.080><c> typec><01:20:45.400><c> ofc><01:20:45.520><c> moneyc> Section
• about these key types<01:21:54.440><c> ofc><01:21:54.600><c> kiosksc><01:21:55.320><c> andc><01
• :51.000><c> unionc><01:22:51.400><c> andc><01:22:51.520><c> otherc><01:22:51.760><c> typesc><
• 01:22:52.120><c> ofc> credit union and other types of credit union and other types of institutions<

Keywords: 927, senate, all

Transcript Highlights:

• c><00:56:54.680><c> ofc> management as well as any type of management as well as any type of employee
• c><01:00:28.400><c> levelc><01:00:28.760><c> typec> professional um executive level type professional
• 22.520><c> ac><02:05:22.639><c> certainc><02:05:22.960><c> casec><02:05:23.280><c> typec><02:
• 05:23.840><c> wec><02:05:23.960><c> willc><02:05:24.159><c> callc> type or a certain case type
• c><03:35:05.080><c> inc> uh there was a type of technically in uh there was a type of technically in

Keywords: 1189, house, all

Summary: House Finance Division III convened a work session on the DHHS budget, with the chair noting there would be no votes and that the committee would spend the day hearing from the commissioner’s office. Nathan White, DHHS Chief Financial Officer, opened with the Division of Finance/Office of Business Operations, explaining that the unit supports the department through daily financial management, AP/AR, audit work, expense projections, transfers, and procurement functions such as contracts, amendments, RFPs/RFAs, and grants management. He also described the division’s revenue and reporting work, including federal draws, CMS-64 reporting, and the public assistance cost allocation plan, and said the department had centralized rate-setting work and a small team handling Medicaid rate analysis and nursing facility rebase work. Members asked about vacancies, turnover, and budget changes. White said the division had 18 positions unfunded in the governor’s budget, reducing personal services from about $10.8 million to $9.9 million, and estimated the division’s vacancy rate at about 11 percent, below the department average. He said turnover was relatively low, with one retirement at the manager level and higher turnover mainly at lower AP-level positions. He also explained that some budget lines reflected reallocations rather than new spending, including fringe benefits centralized elsewhere and an EBT card contract moved into this unit because the staff member overseeing it works in Finance. When asked about a rent/lease increase, he said it was due to higher copier leasing costs under a statewide DAS contract. White highlighted several management and technology improvements. He said a business intelligence tool procured in 2022, using Salesforce and Excel-based data, helped DHHS better track federal revenue and maintenance-of-effort spending, reducing FY24 General Fund lapse by about 70 percent and federal/other revenue lapse by 88 percent compared with FY23; he warned that the tool is not funded in the current budget. He also described Lean Six Sigma efforts in the contracts team, training for vendors and nonprofits on procurement and indirect cost rules, and a Finance Academy to standardize policies and procedures. On the contracts side, he said the department uses Smartsheet for project management and DocuSign for electronic signatures, which cut contract execution time dramatically, but noted DocuSign is also not funded in the governor’s budget. The session ended as the committee prepared to move on to the Employee Assistance Program presentation.

Transcript Highlights:

• 57.920><c> industryc><00:13:58.560><c> typec><00:13:59.079><c> credentialsc><00:13:59.880><c> they
• 46:25.200><c> toc><00:46:25.440><c> havec><00:46:25.680><c> thisc><00:46:25.920><c> typec><00
• ><c> thesec><01:18:08.080><c> typesc><01:18:08.280><c> ofc><01:18:08.440><c> coursesc> make that
• it's got that SFI type<04:33:27.639><c> ofc><04:33:27.799><c> thingc><04:33:28.160><c> rightc>
• <04:33:28.320><c> oncec><04:33:28.561><c> ac><04:33:28.680><c> teacherc> type of thing right once

Keywords: 928, house, all

Summary: The committee first heard House Bill 362, which would grant the Department of Education rulemaking authority related to educator licensure and testing requirements, including passing scores on professional education assessments. Representative Ladd said the bill is intended to preserve New Hampshire’s standards for classroom teachers and CTE instructors, while allowing DOE flexibility through rulemaking. He emphasized maintaining high standards, including for career and technical education, and said he was open to DOE clarifying the language further. Committee members raised concerns that the bill, as written, could remove language recognizing industry-recognized credentials for CTE instructors. Department of Education Director Steven Appy said DOE had drafted an amendment to clarify that the requirement applies to an initial New Hampshire license, to exempt CTE teachers from content exams, and to preserve current administrative practice allowing basic academic skills testing and industry-recognized credentials as substitutes. The committee discussed the distinction between basic academic skills tests and content assessments, and Appy said the amendment was meant to avoid conflating those requirements. The chair said the committee would take up executive session on HB 362 and related bills later. The committee then took up House Bill 90, which narrows and defines the rules for part-time teachers, especially in concurrent enrollment settings. Representative Ladd explained that the bill is meant to allow qualified college faculty or adjuncts from the University System or Community College System to teach high school concurrent-enrollment courses when local schools lack a teacher with the needed master’s-level credentials, particularly in math and STEM subjects. He said the bill is intended to expand student access to college-level coursework, save money, and preserve standards, while still requiring background checks and adherence to ethics and conduct rules. Members began asking questions about how the bill would work in practice, including certification and endorsement issues, but the hearing was not concluded in the portion provided.

Transcript Highlights:

• 29.000><c> typec><00:42:29.160><c> ofc><00:42:29.280><c> anc><00:42:29.360><c> instrumentc> create
• :43:08.960><c> securityc><00:43:09.440><c> typec> You know, some sort of a security-type instrument
• > ofc><01:11:26.920><c> regulatoryc><01:11:27.440><c> gapsc><01:11:27.760><c> fromc> these types
• c><01:11:43.600><c> thesec><01:11:43.800><c> typesc><01:11:44.040><c> ofc> So, why are they using
• that'sc><01:30:34.440><c> goingc> types of uh technologies, that's going types of uh technologies

Keywords: 1189, house, all

Summary: The meeting opened with roll call, confirmation of a quorum, and approval of the April 6 and May 4 minutes, with minor corrections noted to the May minutes. The main presentation came from JD of Link Network, introduced by Dan Cohen, who described Link’s work with crypto.com and other market participants on tokenized money market funds and real-time settlement for institutional clients. JD gave a detailed history of his earlier work developing the Arca U.S. Treasury Fund and ArCoin, emphasizing that the project was built within existing SEC and 1940 Act frameworks and was intended to use blockchain technology for a traditional asset rather than create a crypto product. He said the effort involved years of discussions with the SEC, multiple custodians, and partners such as U.S. Bank, T-Zero Securities, and Tassat, and that the model eventually led to Link’s settlement system. He highlighted concerns that shaped the design, including regulatory compliance, privacy for institutional users, and the need to bridge traditional banking hours with 24/7 digital asset markets. The presentation also described Link’s features, including segregated and bankruptcy-remote fund structures, tokenized deposit and treasury fund settlement, and “yield in transit,” which allows interest to accrue and be distributed daily down to a two-second block. JD said the platform is being expanded for use cases such as exchange liquidity, cross-border capital movement, off-exchange collateral, stablecoin bridging, treasury management, and peer-to-peer settlement. He closed by posing policy questions for the commission about the use cases for stablecoins versus tokenized money market funds in New Hampshire and whether the state could issue or administer a security-based program with appropriate compliance controls.

Transcript Highlights:

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Keywords: Consideration of HJR 15 02:26 Consideration of HB 30 16:18 Consideration of HB 71 20:05 Consideration of HB 182 23:51, 958, all

Summary: The House State Government Committee met with a quorum and first took up HJR 15, as amended by a committee substitute, which would return the granite Ten Commandments monument to permanent display on the new State Capitol grounds. Representative Baker described the monument’s history, its removal during construction in the 1980s, the 2000 effort to restore it, and recent Supreme Court changes that he said make the historical-tradition analysis more relevant than the former Lemon test. Members asked about the monument’s location, possible amendments to allow other faiths to place similar monuments, and church-state concerns. Several members explained their votes by saying they supported the historical display but wanted further discussion about religious representation. The resolution passed the committee 16-1 with two pass votes and was reported favorably to the House floor. The committee then considered House Bill 30, sponsored by Representative Blanton, which addresses pension spiking in the Kentucky Public Pension Authority. Blanton said the bill codifies a court ruling clarifying that across-the-board pay raises are not pension spiking and noted support from fire, police, and state employees. Representative Tipton reminded members that pension bills should be reviewed by the Public Pension Oversight Board first and said this bill had been reviewed there without issue. The committee approved HB 30 unanimously, 20-0, with favorable expression. House Bill 71, sponsored by Representative Duval, was next. KPPA Executive Director Ryan Barrow said the bill was requested by KPPA, vetted by the Public Pension Oversight Board, and would restructure KPPA by creating an Office of Financial Management and moving the current CFO into an executive director-level role overseeing that office, without affecting system funding requirements. Representative Johnson supported the measure as an administrative codification of current practice. The committee passed HB 71 unanimously, 20-0, with favorable expression. Finally, the committee heard House Bill 182 from Representative Frasier Gordon, which would prohibit state government from using the word “free” to describe taxpayer-funded services. Gordon said the bill is intended to increase transparency and ensure taxpayers are credited for funding public services, while not changing any programs or benefits. Members questioned how the bill would be enforced, what alternative wording should be used, and whether the restriction could affect communication with low-income or low-literacy residents; Gordon said terms like “provided at no cost” or “paid for by taxpayers” would be acceptable and that the bill contains no penalty. The committee passed HB 182 17-3 with favorable expression and sent it to the House floor.