Transcript Highlights:

• of gold coins in her safe, and we had to pull them out, and we had to declare them, and then we liquidated
• And then we liquidated them and distributed them to the heirs.
• From an economist standpoint, that's very important because when you have no liquidity, when it's being
• From an economist standpoint, that's very important because when you have no liquidity, when it's being
• And there is the idea of liquidating your gold and silver and incurring a 28% capital gains tax hit on

Summary: The committee first took up SB 794, as amended by a late-filed strike-all, which would require a human being to make insurance claim denial decisions and prohibit artificial intelligence from being the sole basis for a denial. The sponsor said the bill was intended to preserve human oversight while allowing innovation in claims processing. Public testimony included support from the Florida Insurance Consumer Advocate and the Florida Medical Association, along with one speaker urging additional protections for homeowners. The committee adopted the strike-all and reported SB 794 favorably with committee substitutes. Members then heard SB 134, which removes the $500 threshold on the sales tax exemption for bullion, making sales of gold, silver, and platinum bullion fully exempt and eliminating certain dealer documentation requirements. Supporters argued the change would reduce a regressive tax and help consumers preserve savings; the sponsor estimated a revenue impact of about $300,000. The bill was reported favorably. The committee also adopted a strike-all on SB 888, which directs the Office of Insurance Regulation to create a more consumer-friendly homeowners insurance website with premium comparison information, market data, rate filing access, and educational resources. The sponsor and Leader Boyd said the goal was to improve transparency and help consumers navigate a stabilizing market. SB 888 was reported favorably with committee substitutes. The final bill heard was SB 1578, covering mammograms and supplemental breast cancer screenings. The sponsor said it would expand coverage requirements in ACA plans and private insurance policies, including annual mammograms for women ages 40 to 50 and supplemental screening coverage, while noting Medicaid already provides these services. The Florida Insurance Consumer Advocate waived in support, and the bill was reported favorably. After the bills, the committee held a lengthy panel discussion on gold and silver as legal tender and transactional money, with testimony from officials from Utah and Florida, industry representatives, and advocacy groups. Panelists discussed constitutional authority, consumer protections, depository oversight, taxation issues, and possible transactional platforms for precious metals. No further action was taken after the discussion, and the committee adjourned.

Transcript Highlights:

• It requires high liquidity and a relatively moderate level of investment return.
• It's liquid. It makes sense to try to get the best return that we can.
• For at least a portion of those funds that are maintaining liquidity, who is better at allocating resources
• My question wasn't predicated explicitly... or implicitly on the complete elimination or liquidation
• Yeah, I mean, the way I think about it is illiquid assets typically outperform liquid assets because

Bills: HB 104, HB2054, HB3459, HB3745, HB4486, HB4488, HB4601, HB104

Keywords: Texas Future Fund, investment review board, economic stabilization, innovative technology, national defense, HB 2054, Texas volunteer fire department assistance fund, Rural Volunteer Fire Department Assistance Program, volunteer fire departments, wildfire mitigation, wildland fire, rural fire protection, insurer assessment, insurance premium tax, state appropriations, firefighting grants, emergency services, high-risk wildfire areas, Texas Comptroller, Texas Government Code

Transcript Highlights:

• In the end, it a liquidity account.
• second is going into the liquidity second is going into the liquidity account<01:10:19.679> up
• Once we increase the use and the liquidity of it, that increases the revenue.
• Once we increase the use and the liquidity of it, that increases the revenue.
• Once we increase the use and the liquidity of it, that increases the revenue.

Bills: SF0102, SF0123, SF0021, SF0099

Keywords: energy transmission, load growth, Wyoming energy authority, transmission planning study, public utilities, regional cooperation, energy, funding, grants, loans, coal, natural gas, mineral processing, economic development, stable token, liquidity, trust account, Wyoming, fund distribution, financial regulation

Transcript Highlights:

• We have substantial barrels, numbers of barrels of natural gas liquids produced in North Dakota. ...of
• barrels of natural gas liquids produced in North Dakota.
• ... ...of those rules, most of the liquids are now being put into an oil line, but certainly you strip
• Can you tell us how much, how many barrels of natural gas liquids we're producing?
• Our natural gas has more liquid valuation than virtually anybody else's natural gas.

Summary: The Budget Section Leadership Division met with a quorum present and approved the March 18 minutes. The committee first heard an update from the Petroleum Council on oil and gas activity, which described North Dakota production as holding steady around 1.1 to 1.2 million barrels per day despite lower prices and market volatility. The presentation emphasized that efficiency gains, longer laterals, and improved completion technology are allowing operators to sustain output while activity shifts north in the Bakken. Members asked about gas taxation, natural gas liquids, flaring, and enhanced oil recovery; the witness said gas is taxed by volume, most liquids are handled through oil lines or gas processing, and the state’s EOR pilot projects and new gas infrastructure are intended to help hold production flat and expand future recovery. The committee then received a presentation from the Tax Department on the federal “big beautiful bill” and its effect on North Dakota income tax collections. The department explained that most of the federal changes were extensions of existing Tax Cuts and Jobs Act provisions, but several items — including the larger standard deduction, senior deduction, tip and overtime exclusions, auto loan interest deduction, and business expensing changes — affect state collections. Revised estimates showed a smaller-than-expected impact on individual income tax, with the department suggesting a net cash effect in the range of roughly $30 million to $35 million when business and individual effects are combined, plus a possible one-time distortion from large oil-field transactions in fiscal year 2025. Members asked which provisions apply to standard versus itemized returns, and the department clarified that most of the individual provisions apply broadly, while the SALT-related item is itemizer-specific. OMB then reported on major capital projects and facility funding. Updates included Capitol grounds improvements such as 18th-floor renovations, wayfinding, augmented reality displays for the Rough Rider Hall of Fame, tree management and lighting studies, and restroom and parking reconfiguration in the tower. OMB also described security upgrades at the governor’s residence, where human remains were discovered on site and are being handled with historical and legal review. The state hospital project in Jamestown remains on schedule for substantial completion in winter 2027 and opening in spring 2028, with costs currently estimated a little over $292 million and a line of credit expected to be drawn in April 2027. The North Central State Office Building in Minot is under construction, with a $5.6 million line of credit already accessed. OMB also reported on the State Facility Maintenance Fund, noting about $1.1 million spent so far on projects such as the Liberty Memorial Building roof and foundation work, Capitol window replacement, boiler replacement, and kitchen remodeling. Finally, Legislative Council staff reviewed the interim compliance report on legislative intent and state trust funds. The report highlighted the status of multiple lines of credit, including those for the state hospital and Minot office building, and noted that the executive budget will likely need to include repayment planning for about $350 million of expected outstanding balances. Other updates included the Bank of North Dakota profit transfer schedule, litigation pool spending, the new Office of Guardianship and Conservatorship, the Missouri River Correctional Center planning effort, HHS items such as FMAP and child care assistance, Job Service’s unemployment insurance modernization project, and DPI school aid turnback estimates. No formal votes were taken beyond approval of the minutes.

Transcript Highlights:

• I'm looking at the qualified liquidity provider.
• I'm looking at the qualified liquidity provider. at the qualified liquidity provider, is that a new designation
• So if I, if someone in my community says, I want to become a qualified liquidity provider, I have all
• And to be clear, the qualified liquidity provider would be engaged directly with the state.
• So at any point in time, the administrator of the fund could liquidate the assets if they felt it was

Summary: The Insurance and Banking Subcommittee met to hear and vote on several bills, with all measures reported favorably. The first major item was PCS for HB 175 on payment stablecoins, which would create a Florida regulatory framework aligned with the federal GENIUS Act so issuers can choose state regulation instead of federal licensing. Members asked extensive questions about how stablecoins differ from other digital assets, whether Florida would need federal approval, and what impact the bill would have on the Office of Financial Regulation; the sponsor and OFR said the state framework would mirror federal standards and that any workload increase was currently indeterminate. The PCS passed unanimously after testimony from OFR and the Florida Blockchain Business Association in support. The committee then approved CS for HB 961, which streamlines electronic signature requirements for salvage titles and certificates of destruction, and HB 1415, a DFS stablecoin pilot program allowing certain stablecoins to be used for licensing and regulatory fees. HB 1415 was amended to remove authority for a Florida coin, limit the pilot to established stablecoins with at least $1 billion market cap, and require secure custody through a public depository or custodial bank. Members discussed how any interest or revenue would be used, with sponsors saying the pilot was still exploratory and intended mainly to cover program costs. Both bills passed favorably. HB 1039, establishing a state cryptocurrency reserve, also passed after a strike-all amendment moved administration of the reserve from the CFO’s office to the State Board of Administration and tightened eligibility to cryptocurrencies with a $100 billion market cap over the prior 12 months. Supporters argued the bill would create a framework for future diversification and investment in established digital assets, while several members raised concerns about volatility, reporting frequency, and the meaning of new terms such as qualified liquidity provider and secure custody solution. The committee also passed CS for HB 951 on penny rounding for cash transactions, with an amendment clarifying cash transaction definitions and treating money orders and gift cards like credit-card transactions for rounding purposes.

Transcript Highlights:

• Are they in liquidation? Are they in bankruptcy? What is this? I'll have to refer that question.
• So what is Tetronics International Limited, dash in liquidation? Are they in liquidation?
• Okay, so your company is in liquidation. Tell us more about that. That's correct, Senator.
• They liquidated their assets.
• Part of that liquidation resulted in the nearly $3 million paid to the Teacher Retirement System.

Keywords: 1204, all

Transcript Highlights:

• Intermediaries today serve a very, very important, again, liquidity function.
• Um, it's fair to say that the removals are more liquid and they demand a higher price.
• Um, it's fair to say that the removals are more liquid and they demand a higher price.
• Um, it's fair to say that the removals are more liquid and they demand a higher price.
• Um, it's fair to say that the removals are more liquid and they demand a higher price.

Keywords: 1189, house, all

Summary: The meeting began with introductions, approval of the March 6 minutes as amended to add an attendee list, and a brief overview of the day’s agenda. The committee heard two presentations from carbon project developers, with the first from Dylan Jenkins of Finite Carbon. He described Finite Carbon’s work in improved forest management projects, its role in developing carbon methodologies and protocols, and its experience with projects in New England, Appalachia, Alaska, and Canada. He also outlined the difference between compliance and voluntary carbon markets, the role of registries and intermediaries, and the types of buyers in the market, including large corporate buyers and long-term off-take partners. A major focus of the presentation was how forest carbon projects are structured and how credits are monetized. Jenkins distinguished between removals and reductions, explaining that removals come from new forest growth while reductions are tied more closely to baseline assumptions and standing stock. He said improved forest management projects can generate both types of credits, and that removals generally command higher prices because they are easier for buyers to understand and verify. He also emphasized that carbon project commercialization can occur before, during, or after credit issuance, and that landowners may be paid through a variety of structures, including leases, advance fees, per-unit payments, or off-take agreements. Jenkins then addressed the committee’s tax-related questions, saying House Bill 123 appeared intended to treat carbon credit sales similarly to timber sales for local tax purposes. He argued that carbon credits are a forest product and that taxing them can be reasonable in principle, but he stressed that lawmakers should distinguish between commoditization and commercialization when deciding what event to tax. He noted that credits may be created but never sold, and that in some programs landowners retain timber and carbon rights while in others the developer has deeper control over those rights. In response to questions, he said the industry uses protocols, verification, and third-party oversight to address baseline and quality concerns, but acknowledged that baseline setting remains a major point of debate in the market.

Transcript Highlights:

• So the performance measure guarantees are essentially liquidated damages.
• So I think it was already addressed: the liquidated damages have been $3 million over the life of the
• Have they all experienced the staffing shortage, which has contributed to the liquidated damages?
• Correct, but that is directly related to our liquidated damages.
• But what the question was about when they have to pay liquidated damages: they are falling below that

Keywords: 959, house, all

Transcript Highlights:

• We have substantial barrels, numbers of barrels of natural gas liquids produced in North Dakota.
• Of barrels of natural gas liquids produced in North Dakota.
• ... ...of those rules, most of the liquids are now being put into an oil line, but certainly you strip
• Can you tell us how much—how many barrels of natural gas liquids we're producing?
• Our natural gas has more liquid valuation than virtually anybody else's natural gas.

Summary: The Budget Section Leadership Division met with a quorum and approved the March 18 minutes before hearing a series of informational updates. The Petroleum Council reported that North Dakota oil production is expected to remain relatively flat at just under 1.2 million barrels per day, with activity shifting northward in the Bakken as technology improves and three- and four-mile laterals boost well performance. The presentation also discussed oil and gas prices, gas taxation, flaring concerns, the importance of pipelines and other linear infrastructure, and enhanced oil recovery pilot projects supported by state and federal funding. Members asked questions about gas production taxes, natural gas liquids, and the outlook for drilling rigs and future production. The Office of State Tax Commissioner then reviewed the federal “big beautiful bill” and its estimated effect on North Dakota individual and business income tax collections. Staff explained that most of the individual income tax impact comes from the permanent increase in the standard deduction, while temporary provisions such as senior deductions, tip and overtime exclusions, and auto loan interest deductions have smaller or limited-term effects. They also noted that business tax changes, especially depreciation and expensing provisions, create a larger near-term cash impact, and that some FY25 collections likely reflected one-time oil field transactions that may have inflated the baseline used in earlier estimates. OMB provided updates on major capital projects and facility funding. For Capitol grounds improvements, officials described plans for 18th-floor renovations, wayfinding upgrades, public seating, lighting, tree management, and possible restroom and lobby reconfiguration, while also noting the governor’s residence security project and the discovery of human remains on the Capitol grounds. OMB and its consultants also reported on the state facility maintenance fund, including window replacement, boiler work, roof and foundation repairs, and a new facility conditions assessment covering more state buildings. Updates were also given on the new state hospital in Jamestown, the Minot state office building, and the use of federal state fiscal recovery funds, including possible future reallocations to the Department of Corrections. Finally, Legislative Council staff summarized the interim compliance report on legislative intent and trust fund activity, highlighting the status of lines of credit, Bank of North Dakota profit transfers, the statewide litigation pool, the new Office of Guardianship and Conservatorship, corrections planning, HHS program updates, and a likely future general fund request for the unemployment insurance modernization project. No formal votes were taken beyond approval of the minutes; the meeting was primarily informational, with members asking clarifying questions throughout.

Transcript Highlights:

• The other thing is the smaller the community, because investors are all so concerned about liquidity
• The willingness of someone to purchase that bond from me is liquidity.
• And so the larger the investor, typically the more liquid the investment.
• But I'm an investor and I'm buying something that is less liquid or has a lower-rated credit.
• <01:03:18.440> of are all so concerned about liquidity of are all so concerned about liquidity

Keywords: 1183, house

Transcript Highlights:

• renewable electricity to split water and can be combined with captured carbon dioxide to create a liquid
• renewable electricity to split water and can be combined with captured carbon dioxide to create a liquid
• renewable electricity to split water and can be combined with captured carbon dioxide to create a liquid
• create a liquid hydrogen hydrocarbon fuel<00:26:55.200> with<00:26:55.399> much<00:26:
• <00:30:15.760> sustainable called power to liquid sustainable called power to liquid sustainable

Keywords: 1187, senate, all

Transcript Highlights:

• I know it's mostly liquid. So that's, again, the point of the thing. What is most of it in?
• that would be less liquid than what they're currently doing, right, or what they're currently invested
• balance in the ESF and put it into instruments that are by definition, by the design of that bill, less liquid
• we can take $5 billion of it and put it into investments that are intentionally and by design less liquid
• able to take $5 billion of it and say we have so much that we can take $5 billion and put it in less liquid

Bills: SJR4, SJR 4

Keywords: economic stabilization fund, state finance, constitutional amendment, budget management, financial security, term limits, state offices, governor, lieutenant governor, election reform, 1184, house, all

Transcript Highlights:

• However, power-to-liquid is earlier in its development cycle, meaning it's currently more expensive to
• Power to liquid staff is credit.
• Power to liquid staff is considered<00:20:23.760> by<00:20:24.000> international<00:20:
• <00:21:08.480> facilities<00:21:08.960> being power to liquid facilities being power
• to liquid facilities being developed<00:21:09.520> in<00:21:09.679> other<00:21:09.840

Keywords: 919, house, all

Summary: The committee took up House File 1669, adopting the DE2 amendment, which was described as the bill itself. The amended bill would expand Minnesota’s sustainable aviation fuel (SAF) tax credit by increasing annual allocations, extending the sunset date from 2030 to 2035, adding an extra credit for lower-carbon fuels, and adding environmental and other qualifying requirements. The chair noted the amendment aligned the bill with the governor’s proposal, and the amendment was approved on a voice vote. Testimony was overwhelmingly supportive. Commissioner Tom Peterson of the Minnesota Department of Agriculture backed the bill as a way to preserve Minnesota’s leadership in SAF, attract private investment, and keep crop and timber feedstocks processed in-state. Farmers and agricultural groups, including Minnesota Farmers Union and Minnesota Farm Bureau, said SAF could create new domestic markets for crops such as corn, soybeans, winter camelina, and pennycress while improving farm income and supporting climate-smart practices. Forestry representatives argued that wood waste and forest residue could be turned into SAF, improving forest health and reducing wildfire risk. Environmental and clean-energy groups also supported the bill, emphasizing the added guardrails. The Minnesota Environmental Partnership, Friends of the Mississippi River, and Fresh Energy said the amendments would better protect water quality, soil health, biodiversity, and climate outcomes by favoring lower-carbon SAF and limiting harmful land-use change. University of Minnesota Forever Green representatives said winter-hardy crops could scale over time, and they pointed to ongoing commercialization work and a 1 Million Acre Scaling Study. Labor and construction groups said the bill would support major infrastructure investment and create long-term jobs, with testimony citing the first Minnesota SAF facility already announced and the potential for multiple hubs statewide. No vote on final passage was taken in the portion provided, but the committee heard extensive supportive testimony and questions focused on scalability, infrastructure, and how the credit would accelerate SAF development in Minnesota.

Transcript Highlights:

• This measure requires electronic smoking device and e-liquid manufacturers to submit certifications with
• Department of Taxation to maintain a directory of manufacturers of electronic smoking devices and e-liquids
• > measure<00:14:28.519> requires This measure requires electronic smoking device and e-liquid
• We also are not an issue with that definition of e-liquid currently in Chapter 245.
• E-liquid can be a product that has nicotine or without nicotine, and this product kind of, um, the bill

Keywords: 912, senate, all

Summary: The Senate Committee on Commerce and Consumer Protection held decision-making on SB 146, SB 147, and SB 1166. SB 146 and SB 147, both relating to condominiums, were recommended to pass with amendments. The committee adopted amendments based on testimony from Anne Anderson, including mediator/arbitrator qualifications, clarifications about disputes involving managing agents, small claims timing, lien rights, and refund determinations by an early neutral evaluator. For both bills, the effective date was deferred to July 1, 2050 for further discussion. Each measure was adopted with no objections. SB 1166, relating to insurance, was also passed with amendments. The committee removed language that would have required insurers to bring claims and condition rates on doing so, replacing it with encouraging language. The amended bill adds a private cause of action against responsible parties, authorizes insurer actions under certain conditions, defines terms tied to climate-related events and fossil fuel products, and requires HPIA to report to the insurance commissioner on whether it exercised direct action rights. The effective date was likewise deferred to July 1, 2050, and the measure was adopted without objection. The committee then heard SB 985, relating to consumer protection and gift card fraud, and SB 1525, relating to electronic smoking devices and e-liquids. SB 985 drew support from a consumer fraud victim and others who said gift card scams disproportionately harm kupuna, while the Retail Merchants of Hawaii opposed the bill’s packaging/display requirements and suggested stronger penalties instead. The committee voted to pass SB 985 with amendments, deferring its effective date to July 1, 2050, and noted it would move on to Judiciary next. SB 1525 drew significant opposition from the Attorney General’s office, Department of Taxation, Department of Health, and public health groups, who argued it conflicted with federal tobacco law, was hard for Tax to administer, and would not effectively remove unauthorized vape products. After testimony, the committee recommended deferral of SB 1525 without objection.

Transcript Highlights:

• And we're really seeing this unlock new liquidity, new trading, new use cases.
• <00:06:58.560> um these assets for more liquidity um these assets for more liquidity um rather
• > funding Uh and exchange liquidity, funding Uh and exchange liquidity, funding accounts,<00:29
• <01:12:35.440> across and that will open up liquidity across and that will open up liquidity
• the proper liquidity for redemptions. the proper liquidity for redemptions.

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:

• It's about ensuring that liquidity has a path back into our local economy.
• It's about ensuring that liquidity has a path back into our local economy.
• It's about ensuring that liquidity has a path back into our local economy.
• It's about ensuring that liquidity has a path back into our local economy.
• It's about ensuring that liquidity has a path back into our local economy.

Bills: HF3604, HF2236, HF3709, HF3766, HF2400

Keywords: bulk fuel, nonoxygenated gasoline, environment, exemption criteria, transportation, HF2236, Minnesota commerce, obsolete language, statutory cleanup, retail installment contract, consumer credit, vehicle financing, auto loans, retail buyer, retail seller, delinquency charge, collection fee, attorney fees, assignment notice, payment receipt

Summary: The committee first approved the minutes from February 26, after correcting the header date to Thursday, February 26. It then took up House File 36004, as amended by the author’s technical A1 amendment. Representative Van Binsbergen described the bill as a change to statute governing bulk delivery of nonoxygenated fuel, especially for boats and other watercraft, to allow direct delivery to vehicles rather than requiring transport of fuel in containers or removal of boats from the water. Members generally supported the concept, citing convenience for lake users, reduced travel and potential invasive species spread, and fewer spill risks, but the chair said the bill would be laid over pending additional clarification from the State Fire Marshal’s Office and other agencies. House File 2236 was then introduced as a vehicle bill for possible future omnibus use and laid over without testimony or opposition. The committee also heard House File 3709, which would allow Minnesota banks and credit unions to offer custodial accounts for digital assets such as cryptocurrency. The authors framed the bill as a consumer-protection and competitiveness measure that would let local institutions keep pace with customer demand and prevent Minnesotans from relying on out-of-state or offshore providers. Testimony from the Department of Commerce and credit union representatives supported the bill, saying it would level the playing field, keep digital assets under Minnesota oversight, and help local institutions remain relevant; one witness said significant liquidity had been leaving local communities for outside exchanges. Questions from members focused on whether the accounts would be NCUA-insured, how the bill related to unclaimed property, and whether the policy goal was consumer protection or simply preserving bank relevance. Several members expressed support but also cautioned about crypto volatility, scams, and the need to avoid turning credit unions into exchanges. The discussion ended without a final vote in the excerpt, with the bill still under committee consideration.

Transcript Highlights:

• And we we had to pull them out and we had to declare them and then we liquidated them and distributed
• That's very important because when you have no liquidity when the when it's being pulled out of the market
• And so the liquid, but do not keep up with inflation very well.
• We feel like would be exclusive to a lot of people in the industry providing liquidity and providing
• There is the idea of liquidating your golden children incurring 28% capital gains tax hit on that on.

Keywords: 999, senate, all

Transcript Highlights:

• assets on the value of both hard and liquid assets.
• assets on the value of both hard and liquid assets.
• assets on the value of both hard and liquid assets.
• assets on the value of both hard and liquid assets.
• this fund are publicly traded liquid this fund are publicly traded liquid assets<01:10:45.240>

Keywords: 1187, senate, all

Transcript Highlights:

• It's under pressure, and so it runs in a liquid form through the pipeline.
• It runs in a liquid form through the pipeline.
• The code does address high consequence areas, right, whether it's in the gas code or a liquid code.
• Which, CO2 in liquid form is corrosive, so I presume that would apply to that.
• But even if it's CO2 liquid, it's not—that's correct.

Keywords: 965, house, all

Transcript Highlights:

• Next up is Matthew Heath from Liquid Garage Brewing Company.
• My name is Matthew Heath, co-owner and head brewer of Liquid Garage Brewing Company located in Trinity
• Liquid Garage Brewing Company located in Trinity, Florida.
• Lisa Heath, of the Liquid Garage Brewing Company, wishes to appear. She's a proponent of the bill.
• I am actually an ICU nurse, but I also happen to be one of the owners of the Liquid Garage Brewing Company

Summary: The State Administration Budget Subcommittee met with a quorum and took up one bill, House Bill 499, which would allow malt beverage manufacturers producing less than 31,000 gallons annually to sell and deliver directly to vendors. The sponsor and several craft brewery owners and industry advocates testified in support, arguing the measure would help small breweries reach local restaurants, improve quality control, create jobs, and serve as a bridge into the three-tier system for businesses too small to attract distributors. Opponents, including the Florida Beer Wholesalers Association, argued the bill would undermine the three-tier system, weaken accountability and tax collection, and create risks for consumer protection and market fairness. During debate, several members said they supported the bill as a small-business measure while noting they remained protective of the three-tier system. Some members raised concerns about tax tracking and long-term distributor contracts, but others said the bill appeared limited enough to preserve the existing system while giving small breweries a chance to grow. The committee then voted on the bill and it passed, with one recorded no vote. After the bill vote, the subcommittee revisited prior questions about Department of Lottery Secretary Davis’s travel reimbursements. Members reviewed updated documents showing more than $50,000 in travel reimbursements from January 2021 through November 2024, including about $27,840 tied to Orlando destinations, and expressed concern that some reimbursements may have covered commuting between Tallahassee and Orlando. The chair said the information would be sent to Secretary Davis for an explanation, and the meeting adjourned after no further business.