Transcript Highlights:

• So if you look on each of these budgets now, you'll see a line that says new and vacant FTE pool.
• When I was crunching numbers, I wasn't really looking at the vacant FTE pool as a change.
• Representative Vigesaa: So that's the amount that's going into the pool.
• We did, then you got the new and vacant FTE pool that was kind of talked about here a little bit ago.
• House Finance and Tax will go in at 4 o'clock. House Finance and Tax will go in at 4 o'clock.

Keywords: 908, all

Summary: The House convened with prayer, the Pledge of Allegiance, and a quorum present, then approved journal corrections and recognized visiting students from Underwood School. The chamber also handled several conference committee appointments after failing to concur with Senate amendments on House bills 1022, 1049, 1229, and 1029, and after the Senate failed to concur on House amendments to Senate bills 2010 and 2113. The House then concurred in or passed a series of amended measures, including House Bills 1481 (dental insurance loss ratio and reporting), 1511 (physician guidance on abortion law, with an emergency clause), 1562 (mandated reporter training), 1197 (correctional facilities study), 1095 (child protective services liaison work group), 1317 (barber licensing board changes), 1549 (corrections facility grants and reentry-related provisions), 1354 (appraiser evaluations), 1374 (open meeting exemption for township supervisors during on-site inspections), 1355 (abbreviated notice for administrative rulemaking), 1025 (advanced nuclear energy study), 1470 (Game and Fish fee changes), 1592 (Lignite Research Council updates), and 1375 (alcohol service/photo ID provisions). Final passage votes were recorded on each bill, with most passing comfortably and some drawing notable opposition, especially HB 1470 and HB 1549. The House spent substantial time on Senate Bill 2011, the Highway Patrol appropriation. Members discussed shifting one-time funding from the general fund to the Electronic Motor Carrier Permit Fund, including body armor, preliminary breath tests, an emergency vehicle course, resurfacing, fleet costs, and handgun/taser replacement, while also noting a federal grant and no new FTEs. Questions focused on salary-line increases and the new-and-vacant FTE pool, with Appropriations explaining that those dollars had been moved back into agency budgets from OMB. The bill passed 84-6. The House also passed Senate Bill 2013, the Commissioner of University and School Lands appropriation, after discussion of Trust Lands operations, unclaimed property staffing, and distributions from the Common Schools Trust Fund; one member was excused for a conflict, and the bill passed 67-22. Senate Bill 2023, the Racing Commission appropriation, passed 65-25 after a brief explanation of the agency’s responsibilities and funding. A major policy debate centered on Senate Bill 2385, which revises mobile home park regulation. Supporters said it creates receivership procedures if a license is revoked, requires clearer tenant notices, limits certain fees, and strengthens protections against eviction and utility overcharges. Two members were excused from voting due to conflicts tied to mobile home park ownership, and the bill passed 84-4. Another extended debate occurred on Senate Bill 2159, which allows the State Energy Research Center to study nuclear-related projects with approval from the Industrial Commission and consultation with the radioactive waste advisory council. Supporters said it is meant to help study advanced nuclear energy while preserving existing prohibitions on high-level radioactive waste storage; opponents raised concerns that the language could weaken prior protections and open the door to waste-related research or storage. The transcript ends during that debate, before a final vote on SB 2159 is shown.

Transcript Highlights:

• Vice Chair Osgood: Senators, we will now take up Tab 13, SB 112 on Labor Pool by Senator Garcia.
• SB 1112 is relating to the Florida Labor Pool Act.
• Senator Garcia: Pool are reluctant to pay the placement fee, at times of thousands of dollars.
• Part number two requires annual registration of labor pools operating.
• Senator Garcia: Barriers to permanent hiring and improving accountability in labor pools.

Keywords: 999, senate, all

Transcript Highlights:

• I'm the Secretary of the Department of Finance and Administration.
• Committee and the Senate Finance Committee.
• You have been very generous to the Department of Finance and Administration.
• To those entities that maybe aren't doing very well with their finances.
• pool is going to get, and we'll start trimming that down slowly but surely.

Transcript Highlights:

• The meeting of the Legacy Finance Conference Committee came to order. We have a quorum.
• Um it doesn't necessarily mean pool.
• And so if these applicants uh meet pool.
• Uh, Chair Her, Senator Pratt, the formula was constructed when the legacy bill went into the finance
• But the formula was constructed in the finance committee, which you are also a member of, and we did

Keywords: 1183, house

Transcript Highlights:

• sliver of money out of that pool?"
• instead of the kiddie pool, so to speak.
• OGB standpoint, our pool is as big as it could be.
• It's a risk pool. And how does that risk pool, what alters that risk pool? Right.
• It's a classic 101 insurance risk pool. Yeah, but look, that was just...

Bills: HB165, HB175, HB198, HB272, HB457, HB488, HB566, HB603, HB763, HB902, HB909, HB971, HB981, HB1066, HB1125, HB1154, HB1231

Keywords: HB165, lottery proceeds, Lottery Proceeds Fund, Veterans Service Grant Fund, constitutional amendment, veterans, military veterans, veterans' benefits, veterans services, family support, state lottery, education funding, Minimum Foundation Program, problem gambling, compulsive gaming, state treasurer, ballot proposition, constitutional referendum, lottery revenue, Louisiana resident veterans

Transcript Highlights:

• <00:24:39.520> and report, the Department of Finance and report, the Department of Finance
• <00:24:50.480> and years, the Department of Finance and years, the Department of Finance and
• The financing for this is not general fund. We do not want to use general fund money for this.
• <02:06:22.520> for<02:06:22.680> rural<02:06:22.880> water the financing for
• Examples of this would be things like if a babysitter fails to watch a child in or around a pool, and

Keywords: MS Senate Floor - 10 February, 2026; 10:00 AM, 925, all

Summary: The Senate convened with a quorum present, received an invocation from Dr. Denise Pope, and led the pledge of allegiance. The body then dispensed with the reading of the journal, committee reports, and bill titles. Several guests were introduced, including the doctor of the day, student pages, Carthage Christian Academy, Mississippi Valley State University visitors, the University of Southern Mississippi’s DuBard School and related programs, and members of the Mississippi Association of Nurse Anesthetists. The Senate took up Senate Bill 2896, which revises the Department of Public Safety salary schedule for MHP and MBN officers. Senator Hopson explained it as the vehicle for possible pay raises for troopers, NBI, and MBN officers, and the chamber adopted the committee substitute and passed the bill by morning roll call. The Senate also passed Senate Bill 2917, a recurring appropriations cleanup measure; its main change would allow Mississippi Valley State University to use previously designated dormitory funds for repair and renovation instead. A reverse repealer amendment was adopted before final passage by morning roll call. Senate Bill 2825, the Mississippi Health Care Industry Zone Act, was then considered. Senator Harkins said the bill extends the repealer for the health care industry zone incentive program to 2028 and noted the program has generated significant investment and jobs statewide. An amendment requested by the Mississippi Development Authority was adopted to revise eligibility language, including replacing a CON requirement with a requirement that a hospital have at least 25 acute care beds and deleting a section under current law. The bill then passed by morning roll call. Finally, the Senate considered Senate Bill 2894 on local improvement projects and the return of unexpended funds and earned interest. Senator Harkins explained that the bill would require older local improvement project funds to be returned if projects were not moving forward, require reporting to DFA and the Legislative Budget Office, allow audits, and permit limited extensions, while also withholding a portion of other state distributions for noncompliance. Senators raised concerns about projects that are already obligated or delayed by workforce and engineering constraints, and Harkins said the bill would be refined with a reverse repealer to work with LBO and avoid disrupting active projects. The bill was discussed but not finally disposed of in the portion of the transcript provided.

Transcript Highlights:

• There's no way to director of budget and Finance on the director of budget and Finance on the OHA<00:
• <01:04:38.160> with finance with finance with comments<01:04:40.599> next<01:04:40.880>
• <01:08:40.319> is<01:08:40.440> not finance is not finance is not here<01:08:42.400>
• able to Avail yourself of this financing able to Avail yourself of this financing because<01:21:
• that's at the request of finance that's at the request of finance committee<01:48:13.599> uh<

Keywords: 910, house, all

Summary: The committee heard testimony on House Bill 410, the Office of Hawaiian Affairs’ biennium operating budget. OHA asked for a modest increase over its base budget, including $1.2 million to fund 13 new full-time positions for a strategy and implementation team tied to its long-term plan, with emphasis on housing, education, health, and economic resilience. OHA also described a broader effort to work directly with executive branch departments to improve outcomes for Native Hawaiians. Testimony was largely supportive, with several individuals speaking in favor and one testifier expressing strong frustration about Native Hawaiian rights and access to resources. The chair noted there were 38 additional written/supporting testimonies and three in opposition. Members asked about OHA’s funding sources and public land trust revenues; OHA said it is not receiving the full 20 percent share, described a public land trust working group and system issues, and said a related bill would seek funding to begin an inventory. No vote was taken in the portion provided. The committee then considered House Bill 304, which would make the Hawaiian version of a law binding when the law was originally drafted in Hawaiian and later translated into English. The Judiciary supported the bill, saying it reinforces Hawaiian as an official language and looks to the original language for legislative intent. The Attorney General supported the intent but recommended narrowing the bill with a proviso to avoid ambiguities, limiting it to laws originally drafted in Hawaiian that were not later amended, codified, recodified, or reenacted in English. Public testimony was generally supportive, though one speaker raised broader sovereignty concerns. Members questioned how many laws would be affected and whether the proposed amendment would undercut the bill; the Attorney General said the amendment was meant to address uncertainty in interpretation. No final action was reported. Finally, the committee heard House Bill 603, which would direct OHA to administer a Native Hawaiian business marketing program to promote Native Hawaiian-owned businesses through marketing and technical assistance. OHA supported the concept, saying a label or branding program could help consumers identify and support Native Hawaiian-owned businesses, but requested that funding be redirected to a working group to study program design, implementation, enforcement, and long-term viability. The chair noted four supportive testimonies had been received, and a member asked OHA to confirm that its programs serve all Hawaiians, not only those eligible for homelands; OHA said it serves all Hawaiians in the state. The transcript ends before any vote or further action on HB 603.

Transcript Highlights:

• So I think the financing of this proposal should not be a barrier to moving it along today, because we'll
• <00:08:51.160> I<00:08:51.240> think<00:08:51.480> the<00:08:51.720> financing
• costs are um so uh I think the financing costs are um so uh I think the financing of<00:08:52.440
• Sure, a developer comes in and says we want to put in a community pool and a community park, and that's
• Sure, a developer comes in and says we want to put in a community pool and a community park, and that's

Keywords: 1187, senate, all

Transcript Highlights:

• performance of the program, where the overall carbon intensity of California's transportation fuel pool
• It is simply reallocating costs within the transportation fuel pool.
• I think it's probably more than 80 to 85% of the diesel pool is biomass-based diesel now.
• It doesn't have to be liquefied and stored in vast, vast vats, manure pools.
• It doesn't have to be liquefied and stored in vast, vast vats manure pools.

Summary: The hearing was a select committee discussion on the transportation costs and impacts of California’s Low Carbon Fuel Standard (LCFS), with opening remarks from the co-chairs and members emphasizing affordability, climate goals, and the need to explain the program’s benefits to the public. The first panel from CARB and the California Energy Commission described how LCFS works as a market-based, declining carbon-intensity program that rewards lower-carbon fuels, supports zero-emission vehicle infrastructure, and is intended to reduce greenhouse gases and local air pollution. They argued the program has driven billions in private investment, increased alternative fuel use, and that LCFS credit prices are not the main driver of retail gasoline prices, which they said are dominated by crude oil, refining, and distribution costs. Members questioned the panel on the gap between the regulatory target and actual carbon-intensity performance, the role of credit banking, which fuels are generating the most credits, how the 2025 amendments affected the program, and whether LCFS credits are truly additional. CARB explained that banking helps cost-effectiveness and investment certainty, that ethanol, renewable diesel, and biodiesel currently provide the largest volumes while electricity is expected to grow, and that the updated targets were informed by the state’s 2045 carbon-neutrality goals and the 2030 scoping plan. The Energy Commission said its data show environmental programs add some cost to gasoline but do not drive price volatility, which is mainly tied to crude oil and refinery margins. The second panel, featuring academic and research experts, focused on program design, out-of-state credit generation, and broader economic effects. Speakers said LCFS is successful because it ties incentives to emissions benefit, uses life-cycle analysis, and allows flexible compliance that lowers costs compared with more direct regulation. They also said the program’s benefits generally outweigh costs, that it can reduce air pollution disparities and support equity, but that some issues—especially indirect land use change, additionality, and older program assumptions—need more research and may warrant future rulemaking. One researcher noted that while LCFS likely raises gasoline prices somewhat, the effect is uncertain by design and usually smaller than normal market fluctuations, and another warned that limiting credit generation too narrowly could create legal and efficiency problems.

Transcript Highlights:

• Either we don't have a good applicant pool or we are not able to retain folks.
• Because right now we get a healthy applicant pool.
• pool or we are not able to retain folks. pool or we are not able to retain folks.
• We they just need to recruit like pool.
• It's a nice little stepping stool into the actual pool.

Keywords: 912, senate, all

Transcript Highlights:

• Do we have any comments from the Department of Finance?
• tax-exempt bond financing program.
• Do you have any comments from the Department of Finance?
• Do we have comments from the Department of Finance? Yes, Blair Huxman, Department of Finance.
• Yes, Blair Huxman, Department of Finance.

Summary: The subcommittee heard an extensive presentation on the administration’s housing reorganization proposal, which would centralize multifamily affordable housing finance under the new Housing Development and Finance Committee (HDFC) and align it with the Governor’s trailer bill language. Administration officials said the plan is intended to create a one-stop application and award process, reduce duplicative timelines and costs, and pair state subsidy with private activity bonds and federal tax credits more efficiently. They also described proposed changes to the Affordable Housing and Sustainable Communities program, including shifting a larger share of funding toward housing-related awards while preserving a portion for sustainable communities investments. The Legislative Analyst’s Office generally supported the streamlining concept but recommended changes to the proposed bond set-aside timing and urged flexibility for integrated applications and future reporting on demand. Senators, especially Senator Cabaldon, raised concerns that the proposal could weaken the original climate-and-transportation purpose of the sustainable communities program and that the reorganization would be undercut by the lack of new housing production funding in the budget. The item was held open without a vote. The committee then received a report from the California Debt Limit Allocation Committee and the California Tax Credit Allocation Committee on federal and state housing tax credits. Staff explained that the federal H.R. 1 change lowering the bond-financing threshold from 50% to 25% greatly expanded the number of projects able to use the 4% federal tax credit, allowing California to fund many more projects and units. They also described the state low-income housing tax credit as an important gap-filling tool for projects that still need additional subsidy, and noted existing set-asides for rural, homeless, at-risk, and extremely low-income projects. Members discussed rehabilitation as well as new construction, and the item was informational only. Finally, the Civil Rights Department reported on the effects of federal civil rights policy changes and on three programs facing expiration: California vs. Hate, the Community Conflict Resolution Unit, and Investigations and Conciliation Enhancement. Director Kevin Kish said federal cuts and policy shifts have reduced support for fair housing and other civil rights functions, while CRD’s caseload has grown from about 8,700 open matters a year ago to more than 12,000, with a six-month wait for interviews despite overtime triage efforts. Senators expressed strong support for continuing the programs and concern about the broader federal rollback of civil rights enforcement. The department said it is using overtime, intake triage, and outreach partnerships to manage the workload and direct Californians to appropriate state, local, and nonprofit resources.

Transcript Highlights:

• First items on the pool list are with the Department of Education.
• Next<00:29:39.679> item<00:29:39.919> on<00:29:40.080> the<00:29:40.240> pool
• Barbara Dickens, General Counsel of the Finance and Administration Cabinet.
• The next item on the pool list is here.
• Motion fails and it will proceed to the finance committee.

Keywords: 958, all

Summary: The committee met after several reschedulings due to flooding, welcomed a new assistant, and confirmed a quorum. It first approved the March 11 minutes, then reported that the day’s agenda included 310 items totaling about $139.4 million, with all vendors registered with the Secretary of State. The committee then approved deferred items involving the Transportation Cabinet/Department of Highways, including one routine PSC green-list item and one PSC amendment item, after hearing from the Transportation Cabinet’s Division of Professional Services and noting prior questions had been answered. The bulk of the meeting focused on Department of Education contracts tied to reading and literacy initiatives. Officials described a competitive grant program for high-quality instructional resources and related professional learning, explaining that resources are selected through evidence-based reviews and a quality curriculum task force, and that districts apply using an instructional resources alignment rubric. Members questioned the program’s reach, whether districts opt in, how many schools applied, and whether the effort is producing measurable reading gains. Department witnesses said about 155 schools applied and were awarded, the program is voluntary, and the University of Louisville’s Reading Research Center is collecting qualitative and quantitative data to evaluate effectiveness. Several members expressed concern that the state has repeatedly funded literacy efforts without improving reading scores, though the committee ultimately approved the education items, with Senator Meredith noting support but frustration about the lack of progress. The committee also approved an MOA amendment item supporting the Principal Partnership Project, which provides tools, resources, and professional learning for administrators and helps meet statutory evaluation-training requirements. Members asked about the use of nonrecurring federal funds and whether the arrangement affects retirement benefits; staff said the contract pays districts based on daily wage and additional workdays, which does increase retirement packages. Representative McCool voted yes but voiced caution about possible supplanting. Finally, the committee took up an Office of the Controller contract for a brokered insurance-related procurement. Representative Balman moved to disapprove the contract, arguing the winning broker was not the low bidder and that the committee lacked answers about how technical scoring outweighed a roughly $600,000 price difference. The motion to disapprove did not prevail, and the contract was approved after further discussion about procurement scoring and the committee’s limited information.

Transcript Highlights:

• Your state financing is repaid through... Hurricane surcharges.
• The first is the elimination of debt financing or securities.
• Insurance is about the pooling and spreading of risk. We are one state.
• This just gets those financing... Out of the system. We can do this.
• The idea is that the more risk you have pooled, the cheaper it is.

Bills: HB778, HB 1266, HB1576, HB2213, HB2517, HB2518, HB2841, HB3306, HB3320, HB3388, HB3508, HB3520, HB3689

Keywords: credentialing, healthcare, physician assistants, advanced practice nurses, managed care, hurricane, windstorm, loss mitigation, grants, insurance discounts, property retrofitting, insurance, Texas Windstorm Insurance Association, board composition, coastal counties, property insurance, taxation, Texas FAIR Plan Association, premium taxes, maintenance taxes

Transcript Highlights:

• the head of the state Housing Finance the head of the state Housing Finance Agency<00:04:47.440>
• <00:08:40.719> Agency things that a a Housing Finance Agency things that a a Housing Finance
• <00:09:34.760> of<00:09:34.920> new support the financing of new support the financing
• <00:09:37.600> of construction we support the financing of construction we support the financing
• always came in with housing financing always came in with housing financing after<01:05:06.440><

Keywords: 1183, house

Summary: The committee met for an agency overview from Minnesota Housing Commissioner Jennifer Ho. After member and staff introductions, Ho described Minnesota Housing’s mission, structure, and role as a mission-driven financial institution that issues bonds, uses earnings to support operations, and works across the housing continuum from homelessness prevention to homeownership and preservation. She emphasized that the agency is not a builder or regulator, but funds and partners with developers, local governments, nonprofits, and lenders. She also noted the agency’s four divisions, including a new local government housing programs division created after the 2023 legislative session expanded the agency’s responsibilities. Ho reviewed funding and program activity, saying Minnesota Housing spent $1.96 billion in fiscal year 2024 and helped more than 73,000 households. She highlighted that the agency’s work is heavily competitive and often oversubscribed, with many projects selected through RFPs and grants but more applications than available resources. She discussed 2023 and 2024 investments, including homeownership, rental, and manufactured housing projects, and said roughly half of competitive dollars have gone to Greater Minnesota over the last several years. She also explained the difference between funds committed and funds actually disbursed, noting that construction and rehabilitation projects can take many months to close and draw down funds. The commissioner also updated members on new programs created in 2023 and 2024, including first-generation down payment assistance, the Greater Minnesota Workforce Housing Development Program, public housing rehabilitation, state housing tax credits, and other local and regional initiatives. She said some programs are already closed out, while others remain in early implementation or are still accepting applications. Ho mentioned a forthcoming technical amendment to adjust a high-rise sprinkler program after eligibility issues limited participation. She closed with examples of projects preserved or funded, including a St. Louis Park preservation deal, public housing preservation in Greater Minnesota, a St. Cloud challenge project, and the first-generation down payment assistance program, which distributed $50 million to about 1,450 first-time buyers, most of whom were Black, Indigenous, or people of color. No votes or formal committee actions were taken.

Transcript Highlights:

• Representative Dorazio: This deals with the pooled depository account, right? Mr.
• Garcia: A pooled depository account is exactly what it says: a pooled depository account.
• HB 334 by Ordaz, relating to the establishment of a county employee family leave pool program.
• premiums, they do not have to pay any additional interest on their financing option.
• That is not required on that PAC's campaign finance report.

Summary: The House convened with a quorum, heard the invocation and pledges, and then took up a series of memorial resolutions and recognitions. Members adopted memorial resolutions honoring former President Jimmy Carter and Dr. Alice Gail Hudgens, with remarks highlighting their public service and community impact, and adopted resolutions recognizing Victoria College’s 100th anniversary and May 2025 as Mental Health Awareness Month. The chamber also recognized Texas A&M system interns and later granted permission for several committees to meet while the House was in session. The House then moved through a long third-reading calendar, passing a number of bills on wide margins. Measures approved included SB 304 on municipal court jurisdiction over nuisance abatement ordinances, SB 608 on reporting evidence collection kits, SB 2312 creating a Texas Advisory Committee on Geopolitical Conflict, SB 494 creating a petroleum theft task force, SB 530 on postsecondary accreditation, HB 45 giving the Attorney General a role in prosecuting human trafficking cases, HB 35 on peer support for first responders, HB 47 and HB 3073 on sexual assault policy and prosecution, HB 318 and HB 3000 creating rural sheriff and ambulance grant programs, HB 554 on Juneteenth fireworks sales with county opt-in authority restored, HB 705 and HB 932 joining licensure compacts for cosmetology and occupational therapy, HB 849 allowing county park boards to meet by video conference, HB 1119 on mental health bed reporting, HB 3041 on students with nontraditional secondary education, HB 713 on maternal mortality review reporting, HB 3104 on Webb County bailiff appointments, HB 3970 on electricity planning for large loads, HB 4042 on Railroad Commission safety provisions for gas distribution pipelines, HB 4490 protecting next-of-kin information, HB 1731 on the physician assistant compact, HB 2607 on Walker County Hospital District governance, HB 3689 on Texas Windstorm Insurance Association funding, HB 1788 on continuing education for barbers and cosmetologists about abuse and trafficking, HB 1612 on hospital direct payments for uninsured patients, and HB 138 on health impact cost and coverage analysis. Several bills drew extended debate or amendments. HB 353, creating a trespass offense near schools and daycares, prompted questions about constitutional concerns and property rights before passing. HB 3211 on optometrists in managed care plans received a perfecting amendment and a Medicaid-related amendment setting a minimum payment level. HB 1056 on gold and silver specie and a state-based currency prompted detailed questioning about its mechanics and fees, followed by a point of order challenging the caption. The House also adopted or postponed a number of items, including postponing HB 2520 and HB 1359 until later in the calendar before later passing both, and laying several bills on the table subject to call. Many measures passed overwhelmingly, while a few, including HB 3326 on loan forgiveness for adjunct professors and HB 3237 on energy consumption goals, passed with narrower margins.

Transcript Highlights:

• Go ahead and get started with House Corporations and Finance. Thanks everyone for being here.
• In the state to the state parks, and we have no minimum pools.
• Pool.
• The LFC recommendation does not include funding for the Healthy Food Financing Program.
• That $3 million over the next five years is also for Healthy Food Financing.

Transcript Highlights:

• I'm the Director of Finance with the North Dakota University System.
• And then the completion pool itself, which under this is all direct completions, that's That's about
• Because right now that incentive pool is 13.5%.
• Because right now that incentive pool is 13.5%.
• So the total of the incentive pool is the $80 million. Didn't change anything tied to that.

Summary: The Higher Ed Funding Committee met to review how North Dakota might identify and address low-producing academic programs and to discuss draft funding formulas for the university system. Lisa Johnson of the NDUS explained that the State Board of Higher Education is already developing a system-wide policy, using models from other states such as Texas, Virginia, North Carolina, Colorado, Kentucky, Ohio, and Connecticut. She described how low-producing programs are typically flagged by multi-year enrollment or completion thresholds, then reviewed for workforce demand, mission fit, cost, accreditation, and regional need before any action is taken. Committee members asked about what counts as a program, how costs are analyzed, whether certificates are included, how exemptions work for mission-critical or high-demand fields, and whether the board or legislature should set the rules. Johnson said the board is the appropriate body to lead the process, but legislators could use funding leverage if they wanted to encourage action; the chair asked the board to bring a detailed proposal to the June meeting. The committee then heard a Legislative Council presentation on a draft formula for UND and NDSU. The proposal uses fall census FTE enrollment, with a placeholder undergraduate rate of $7,000 per FTE and a graduate/professional rate of $10,500, plus incentives for completions in in-demand fields and research productivity. Alex from Legislative Council walked through the projected funding effects, noting that the model would increase funding for NDSU and reduce it for UND in the current biennium, with different results in the next biennium as enrollment changes are recognized. Members questioned the use of the placeholder rates, the definition of in-demand programs, the treatment of research funding, and the exclusion of state-appropriated dollars from the external grants calculation. The chair emphasized that the numbers were illustrative and that appropriators would set the actual dollar amounts later. A second draft formula for the other nine institutions was also reviewed. That model uses fall census FTE without a weighted economic factor, applies a higher undergraduate rate, and adds completion incentives for in-demand credentials and all other completions. Members noted that the formula would benefit some institutions, such as Bismarck State College, while reducing funding for others, such as Mayville State, and discussed whether the nine institutions should be treated more uniformly or split into smaller groups because of their different missions and sizes. Committee members and staff repeatedly stressed that the formulas are still being refined and that some institutions would likely need hold-harmless adjustments or other transition measures. The meeting ended with the chair directing the committee to continue the discussion later and to expect further work on both the low-producing program policy and the funding formulas.

Transcript Highlights:

• We help finance departments, not instructional staff.
• around the state, a lot of us have lost our seasoned veteran and finance directors.
• And because of that, we're looking for new finance directors.
• This is what the source is the for us as I can see here, talk about individual finances.
• I was taught school finance by former Superintendent Drp Payton of Escambia County.

Keywords: 999, senate, all

Transcript Highlights:

• To most accurately appropriate funds, Secretary of State, the Legislative Finance Committee, and the
• Department of Finance and Administration should work together to to create reliable cost projections
• Um, as, uh, as the doctor mentioned, we have a, there's a very limited pool.
• Regional pooling is logistically difficult, costly, and risks chain of security issues.
• Thankfully, the board of finance, had a, had our back and had enough money.

Transcript Highlights:

• , Maple Finance.
• and Maple Finance.
• and Maple Finance.
• and Maple Finance.
• finance and trady, traditional finance. finance and trady, traditional finance.

Keywords: 1189, house, all

Summary: The Stable Token Study Commission held its first regular meeting, welcomed all remaining appointed members, and completed brief introductions from legislators and agency designees. The chair outlined the commission’s plan to use the first part of the enabling legislation as a “level-setting” discussion, focusing this meeting on the basics of blockchain, the current landscape for stablecoins and tokenized real-world assets, and leaving blockchain-based trust for a later meeting. No votes were taken. The main presentation came from Deanna Bario Zales of the Global Blockchain Business Council, who described stablecoins as increasingly converging toward fiat-backed or asset-backed models, with algorithmic designs viewed more cautiously. She said stablecoins are being used for payments, remittances, DeFi activity, cross-border transfers, retail use in high-inflation markets, and treasury functions, while noting risks such as peg instability, reserve transparency, counterparty and network risk, and possible capital flight from weaker banking systems. She cited growth in supply, wallet activity, and transfer volume, and said U.S.-pegged stablecoins dominate the market, with USDT and USDC leading. Zales also discussed tokenized real-world assets, describing them as digital representations of physical assets that can enable fractional ownership, liquidity, and faster settlement. She said the market is growing quickly, with institutional participation from firms such as BlackRock and Franklin Templeton, and projected continued expansion. She closed with an overview of regulatory developments, emphasizing the new U.S. stablecoin framework under the Genius Act, the proposed Clarity Act, OCC guidance, and similar regimes in the EU, UK, UAE, Singapore, Japan, and elsewhere, all of which she said are shaping compliance requirements and market development.