Transcript Highlights:

• You're just capitalizing a bigger amount, and that's you're amortizing, you know, straightlining that
• it over some period storm and amortizing it over some period in<00:19:28.559> this<00:19:28.720
• Those costs would be incurred immediately, not capitalized and amortized over time.
• <00:36:02.960> they<00:36:03.119> would<00:36:03.280> be and amortized over
• schedule for such bonds amortization schedule for such bonds determined<00:59:04.559> at<00:59

Keywords: 1189, house, all

Transcript Highlights:

• two ways: number one, providing $100 million of additional assistance, but also allowing them to amortize
• And I agree with that, but I would point out that, like amortization, it is important and perhaps more

Keywords: 995, all

Summary: The Senate opened with the Pledge of Allegiance, adopted two resolutions recognizing the town of Sturbridge on the nation’s 250th anniversary and congratulating Zachary Erich on becoming an Eagle Scout, and then took up several committee reports and extension orders. The chamber suspended rules multiple times to act immediately on committee extensions for Financial Services and State Administration and Regulatory Oversight, and it referred a House petition on cleft lip and cleft palate treatment to Financial Services. Members also adopted an order extending the Financial Services committee’s reporting deadline on credit union and mortgage financing matters. The Senate then considered and passed House No. 4361, a bill on teacher retirement benefits, after extensive debate in support of a one-time window for certain teachers who were excluded from Retirement Plus due to administrative errors. Senators described the measure as a long-overdue fix for more than 8,500 educators, noting that eligible teachers would have to pay the difference in contributions. The bill was ordered to a third reading, passed to be engrossed by a 39-0 roll call, and sent on for further action. The chamber also passed Senate No. 3106 on toxic-free medical devices and Senate No. 3107 on commercial interior design licensure, both after supportive remarks about patient safety and professional regulation. A major item was the conference committee report on H. 5280, the FY26 fair share supplemental budget. Supporters highlighted funding for municipal winter relief, MBTA operations and capital needs, education initiatives, housing incentives, home heating assistance, and collective bargaining agreements, while opponents raised concerns about MBTA subsidies, legal defense funding, and tax policy implications. After roll call, the report was approved by a 37-3 vote. The Senate also adopted the emergency preamble and passed H. 5470, the FY26 supplemental appropriations bill, and later enacted local bills including Berkeley recall authority, a Milton school deadline extension, a Lexington parkland exchange, and long-term municipal roads and bridges financing. Near the end of the session, the Senate recognized guests from the Caribbean diplomatic corps and the Authentic Caribbean Foundation, who spoke about Caribbean American Heritage Month and partnership agreements with Massachusetts. The chamber then concurred in a House amendment to Senate No. 2563, a bill updating disability-related terminology in the general laws, with senators emphasizing the importance of person-first language and dignity for people with disabilities. The Senate adopted the emergency preamble and enacted the bill. The session concluded with an adjournment order to meet again the following Monday and with adjournment in memory of Richard Louis Volpe of Sturbridge.

Transcript Highlights:

• state to pay a layered, actuarially determined contribution to address the unfunded liability to be amortized
• state to pay a layered, actuarially determined contribution to address the unfunded liability to be amortized

Bills: SB868, SB1337, SB1371, SB1377, SB1426, SB1620, SB2064, SB2065, SJR4

Keywords: SB 868, rural volunteer fire department assistance program, volunteer fire department assistance fund, Texas Government Code, wildfire, wildland fire, high-risk wildfire area, fire suppression, rural fire departments, volunteer firefighters, emergency response, public safety, grant allocation, appropriations, disaster preparedness, tax penalties, interest calculation, overpayment, tax law, refund process

Summary: The Senate Finance Committee heard several bills focused on tax administration, transportation, emergency services, historic preservation, forensic training, pension funding, and the state’s rainy day fund. Senate Bill 1337, by Senator Creighton, would require the comptroller to assess penalty and interest only on the net tax due and allow sales and use tax overpayments to offset underpayments more automatically; it was left pending while the author, comptroller staff, and a private witness continued working on the language and fiscal note. Senate Bill 1371, by Senator Hinojosa, would address Corpus Christi transit authority operations, including emergency refueling coordination, fare-setting procedures, and board term limits; it received supportive testimony and was left pending. Senate Bill 1377, by Senator Perry, would create a grant program for rural counties to buy ambulances, with a committee substitute expanding eligible uses in some cases to equipment and setting a sunset date; numerous EMS officials, county representatives, and association witnesses testified in support, emphasizing rising ambulance costs, staffing shortages, and the need for rural emergency coverage, and the bill was left pending after testimony. Senate Bill 868, by Senator Sparks, would direct at least 10% of volunteer fire department assistance funding to high wildfire-risk areas; Texas A&M Forest Service explained the map and methodology, and the committee substitute was adopted. The committee also heard Senate Bill 1426, which would place the First Capitol State Historic Site in West Columbia under Texas Historical Commission stewardship, and Senate Bill 1620, which would create a Texas Forensic Analyst Apprenticeship Pilot Program through the Office of Court Administration to address forensic scientist shortages; both had no opposition in testimony and their committee substitutes were adopted. Senate Bill 2065 would change the Texas Emergency Services Retirement System funding structure to require an actuarially determined state contribution and address the system’s unfunded liability over 30 years; Pasadena fire department representatives testified that the pension is an important volunteer retention tool, and the bill was left pending after testimony. Senate Joint Resolution 4 would raise the Economic Stabilization Fund cap from 10% to 15% of biennial revenue deposits, with a committee substitute correcting the effective date to September 1, 2027; the committee discussed the fund’s current balance and purpose before adopting the substitute. After quorum was established, the committee voted out the measures. Senate Bill 1868, Senate Bill 1371, Senate Bill 264, Senate Joint Resolution 4, Senate Bill 1426, Senate Bill 1620, and Senate Bill 2065 were all reported favorably to the full Senate, with some bills also certified for the local and uncontested calendar. The committee substitute for Senate Bill 868 was adopted and the bill was reported favorably as well. The committee then recessed subject to the call of the chair.

Transcript Highlights:

• longer<00:15:22.639> loan require long ter longer loan require long ter longer loan amortization
• 23.800> periods<00:15:24.120> and<00:15:24.399> to<00:15:24.639> remain amortization
• periods and to remain amortization periods and to remain financially<00:15:25.639> viable<00:

Keywords: 912, senate, all

Summary: The committee heard testimony on a series of housing measures focused on streamlining approvals, reshaping financing programs, and expanding affordability requirements. SB 27 would exempt state-financed housing developments from County Council approval; SB 38 would bar county legislative bodies from changing housing proposals in ways that increase project costs; SB 25 would let counties reduce housing capacity in one area only if they offset it elsewhere with no net loss; and SB 379 would require perpetual affordability covenants for HHFDC projects and prohibit affordable housing in special flood hazard areas. SB 378 would create an HHFDC working group to identify mixed-use Maui properties for possible acquisition, SB 414 would authorize condemnation proceedings for a new Lānaʻi access road tied to disaster recovery, and SB 13 would eliminate the state income tax mortgage interest deduction for second homes. Testimony was mixed across the bills, with state agencies and housing advocates generally supporting faster permitting and more production, while county planners, NAIOP, Catholic Charities, and others raised concerns about local control, marketability, financing feasibility, and long-term affordability enforcement. A major portion of the hearing centered on the rental housing revolving fund. SB 70 would limit eligible applicants to government agencies or organizations that reinvest all surplus into additional housing; HHFDC said most developers would not object in principle but questioned how the surplus requirement would be enforced, while NAIOP and Catholic Charities opposed it as too restrictive and difficult to monitor. SB 71 would amend the fund’s preference criteria and eligibility rules, and SB 163 would require HHFDC to prioritize projects with the shortest repayment terms and highest unit production per dollar per year. HHFDC and some advocates supported the goal of faster recycling of funds, but NAIOP and Catholic Charities warned that shorter loan terms and narrowed preferences could burden developers and disincentivize projects, especially for lower-income tenants. The chair indicated SB 163 would be deferred and its concerns folded into amendments to SB 71. In decision-making, the committee voted to pass SB 27, SB 38, SB 70, and SB 71 with amendments, and SB 25 unamended. The chair said SB 27 would be amended to include projects with a state financing commitment and a report note that such projects still undergo 21-38 review; SB 38 would receive technical changes and language preventing county bodies from imposing cost-increasing conditions; SB 70 would add language addressing enforcement of the surplus requirement and a preamble citing the need to recycle taxpayer-financed housing value; and SB 71 would be amended to incorporate concerns raised in SB 163, including a broader preamble and revised priority criteria. SB 163 was deferred, while the other measures on the agenda were heard but no final action was described in the transcript excerpt.

Transcript Highlights:

• that’ll be looked at: the assumptions, economic and demographic, the methods, things like the amortization
• The last time that we did the level one, I know we took the unfunded liability and we did an amortization
• As far as making the payments on the amortization for the, you know, home loan, if you will, those have
• So if you want to see the amortization, which is kind of what you're talking about, are we making the

Keywords: Meeting Start: 00:00:09 Attendance Roll Call: 00:01:42 Approval of Minutes: 00:03:23 Overview of Actuarial Audit Process: 00:03:47 Overview of Reemployment After Retirement Provisions: 00:25:26 Teachers’ Retirement System: 00:25:26 Kentucky Public Pensions Authority: 00:50:32 Adjournment: 01:02:55, 958, all

Summary: The meeting began with quorum, approval of the prior minutes, and an announcement that the June meeting had been canceled and replaced by this combined May/June meeting; the next official PPOB meeting was announced for July 21 at 2:30. Staff then gave an overview of the Public Pension Oversight Board’s required actuarial audit process, explaining that House Bill 238 requires a review every five years of the retirement systems’ actuarial assumptions and methods, funded by the systems themselves. The presentation distinguished this audit from a financial or forensic audit, described the three possible audit levels (full replication, limited/spot review, or basic review), and noted that the last audit in 2021 was a level one performed by Milleman Consulting at a cost of about $190,000. Members discussed timing for the next audit cycle, with a request to LRC likely needed in July or August to target the June 30, 2026 valuation, and several members expressed interest in another level one review. Questions also addressed whether prior audits found major issues; staff said the 2021 review was generally clean but recommended more consistency in reporting and assumptions across systems. The committee then welcomed new staff and interns, including Odet Guanzi of KPPPA and Team Kentucky intern Amamira Bowman. Bo Barnes of the Teachers Retirement System presented an overview of the statutory framework for reemployment after retirement under KRS 161.605. He explained that the law is intended to let retirees return to help with staffing needs, do so in an actuarially sound way through required contributions, and keep TRS compliant with federal tax rules for a qualified plan under section 401(a). Barnes described the required breaks in service and earnings limits for retirees returning part-time or full-time, including the three-month or 12-month break depending on the employer, the 6,900-day limit, and the daily wage threshold based on years of service. He also noted a lightly used critical shortage program that allows school districts to hire retirees without a wage cap, while still observing the break-in-service rules. Members asked questions about who decides the scope and level of the actuarial audit, how the audit would treat leave balances and other benefit-related items, and whether the prior level one audit identified substantial problems. Staff said the committee would request the audit, but LRC would handle contracting, and that the audit scope could include items like sick leave and annual leave costs if requested. On the reemployment topic, Barnes emphasized that the rules are designed to avoid pre-arranged retire-and-return arrangements that could jeopardize TRS’s tax-qualified status. No formal votes were taken beyond approving the minutes, and the meeting concluded with the presentations and discussion of these pension oversight issues.

Transcript Highlights:

• We do five-year loans with 30-year amortizations, but we only give people money for five years.
• Some down payment assistance programs are actually interest-bearing and amortizing, so they may reduce

Keywords: 996, all

Transcript Highlights:

• as rate case expenses, are recovered from the utilities' consumers via a rider spread over an amortization
• legal fees in excess of $6 million that are recovered from the ratepayers over about a two-year amortization

Bills: SB483, SB522, SB783, SB1239, SB1254, SB1255, SB1259, SB1341, SB1664, SB1762, SB1856, SB1877, SB1977

Keywords: utility, proprietary information, customer data, data protection, electric service, customer information, emergency communication, electric utility, privacy, certification, public accountants, interstate licensing, accounting, regulatory amendment, energy efficiency, construction regulations, building codes, Texas, sustainability, cost-effectiveness

Transcript Highlights:

• What would a 20-year amortized plan mean for Amherst?
• <00:39:28.480> would<00:39:28.560> a<00:39:28.800> 20-year<00:39:29.440> amortized
• would a what would a 20-year amortized would a what would a 20-year amortized plan<00:39:30.480>
• c><00:47:44.160> plan<00:47:44.720> that<00:47:45.040> we uh or the 20-year amortized
• plan that we uh or the 20-year amortized plan that we could<00:47:45.440> also<00:47:46.000><

Keywords: 1189, house, all

Summary: The subcommittee opened its first meeting on retained education funding bills, focusing on HB 366, which concerns school building aid for eligible projects, and HB 295, which would make school building aid program funds non-lapsing. The chair framed the discussion broadly around whether school building aid should remain a state program, how to address limited revenues, and whether the current system should continue to prioritize debt service and the existing formula or move toward a different model such as per-pupil allocations, a dedicated fund, or a split between new construction and renovation. He also raised questions about whether leasing should be included and how to manage any new fund under current law and the school building authority structure. Representatives and department staff discussed the current backlog of applications, the age and condition of school facilities, and the possibility that large projects can consume available funding for a year while other districts go unsupported. Tim Carney of the Bureau of School Facilities introduced himself and provided technical context on the program and current debt levels. Representative Luneau argued that under the ConVal decision, the state’s responsibility includes school buildings, construction, and renovation, and that the program also serves an equity function by helping districts with less property wealth. He noted that construction and renovation have long been recognized categories and asked about leasing, which staff said is already supported in statute for charter schools and possibly CTE, with a cap of 30% of annual lease cost or $50,000. The discussion also covered CTE facilities: staff explained that capital funding for CTE centers is state-funded, that federal Carl Perkins funds cannot be used for construction, and that the current rotational capital model means only a few centers are funded each year, which may not match changing program needs. A committee studying CTE capital needs was referenced, along with concerns that the report from that work had not yet been received. Representative Papich urged the subcommittee to focus on policy, principles, and structure rather than just numbers, saying the current system produces a few winners and many districts that never receive aid. He favored a simpler, more equitable per-capita or formula-based approach, while acknowledging the need for a transition plan for projects already in the pipeline. The chair later cautioned against mixing maintenance and operations with construction and renovation, noting that operation and maintenance are already part of the adequacy formula and should not be confused with capital funding. No votes were taken during the meeting; the discussion was exploratory, with members and staff laying out competing approaches and identifying issues for further work.

Transcript Highlights:

• First bullet there is perhaps the most critical, and that is that the amortization period of this fund
• John Posey: This is a significant change from 2022 when the amortization period was at 21 years.
• of them are below the agency's assumed rate of return, which is 7.0%, which is why you see an amortization
• We use a conservative level dollar amortization so the expectation is that from biennium to biennium

Transcript Highlights:

• there is based on the 2024 valuation. there is perhaps the most critical and that is that the amortization
• This is a significant change from 2022 when the amortization period was at 21 years.
• the vast majority are below the agency's assumed rate of return, which is 7.0%. while you see an amortization
• We use a conservative level dollar amortization.

Keywords: 1184, house, all

Transcript Highlights:

• accrued liability for police officers, firefighters, and correction officers to ensure that the amortization
• accrued liability for police officers, firefighters, and correction officers to ensure that the amortization

Bills: SB2876, SB3253, SB2125, SB2781, HB549, HB1768, SB2053, SB2494, SB2851, SB3073, HB1678, HB1721, HB2475, HB2246, HB1667, HB1516, SB2532, SB3131, SB3154, HB2297, HB1737, SB2143, SB2398, SB2623, HB1740, HB1920, HB1682, SB2153, SB3140, HB1515, SB2835, HB2282, SB3083, SB2031, SB2519, SB2667, SB2140, SB2544, SB2069, SB2697, SB874, SB2043, SB888, SB2721, HB2152, HB1334, HB2385, HB1643, HB2314, HB1688, HB1692, SB2568, SB2983, SB2108, SB3136, HB1959, SB3156, HB1511, HB1753, HB1824, HB2137, HB1810, HB2279, HB2309, HB1548, HB2078, HB2293, SB3262, SB2169, SB2607, SB2964, SB3255, HB2576, HB1481, HB1864, HB1550, SB2818, SB3067, SB2061, HB1728, HB1881, HB2361, HB2395, HB1823, SB2050, SB2397, SB2175, SB2852, SB847, SB3001

Keywords: natural hair braiding, hair braiding, braids, braider, braiding license, cosmetology, barbering, barber board, Board of Barbering and Cosmetology, registration, licensure exemption, sanitation training, health and safety, hair extensions, cornrows, twists, locks, protective hairstyles, beauty industry, occupational licensing

Transcript Highlights:

• The brief I have says this bill resets the amortization schedule for unfunded liabilities. to a 15-year
• What was the resetting of the amortization schedule for unfunded liabilities to a 15-year closed period

Bills: HB886, HB1514, HB2434, HB2688, HB2802, HB3161, HB3221, HB4029, HB4339, HB4591, HB4774, HB4802, HB4853, HB5627, SB1737

Keywords: retirement, supplemental payment, benefits, Employees Retirement System, eligible annuitants, legislation, annuity, service credit, Employees Retirement System of Texas, employee benefits, pension reform, public retirement systems, municipality pensions, firefighters, police officers, retirement age, DROP program, actuarial studies, pension benefits, municipal retirement

Transcript Highlights:

• moving to R&D expensing, under previous law from 2022 to 2024, R&D expenses had to be capitalized and amortized
• However, taxpayers can also accelerate the amortization of previously capitalized R&D expenses to take
• However, taxpayers can also accelerate However, taxpayers can also accelerate the<00:17:32.400> amortization
• <00:17:32.960> of<00:17:33.200> previously the amortization of previously the amortization

Keywords: Meeting Start 00:00:00 Major Tax Provisions in H.R. 1 (Public Law 119-21) 00:02:45 Kentucky’s Workforce 00:33:35, 958, all

Summary: The committee first approved the minutes and heard a brief member introduction before taking up an overview of major tax provisions in HR1, referred to by the presenters as the One Big Beautiful Bill Act. Representatives from the Kentucky Society of CPAs explained new federal deductions for tips, overtime, and car loan interest; a new tax-favored “Trump account” for children; expanded bonus depreciation and Section 179 expensing for businesses; changes to R&D expensing; and a new limit on wagering loss deductions. Members asked several clarifying questions about the duration of the provisions, W-2 and 1099 reporting changes, and how overtime deductions would work. The presenters emphasized that tips and overtime remain subject to payroll taxes and that many of the business provisions are permanent, while the individual deductions are temporary through 2028 or otherwise phased in over time. The discussion then shifted to individual and nonprofit provisions, including the increase in the state and local tax itemized deduction cap from $10,000 to $40,000 with income-based phaseouts, the temporary senior deduction, and a new deduction for car loan interest with income limits and vehicle qualifications. On charitable giving, the presenters described a permanent nonitemizer deduction, new floors for individual and corporate charitable deductions, and a new scholarship-granting organization credit that would allow donors to receive a dollar-for-dollar federal credit up to $1,700, beginning in 2027. Members focused heavily on the SGO provision, asking about state implementation, oversight, whether churches would qualify, and whether the credit could support both public and private education. The presenters said the state would need to establish the mechanism and that additional federal guidance is still pending. After the tax presentation, the committee heard from the Kentucky Chamber of Commerce on workforce issues, with a focus on child care and housing as barriers to labor force participation. Chamber representatives said they were not proposing large new government programs, but rather targeted policy recommendations for the 2026 session. They described Kentucky’s long-term decline in workforce participation since 2000, attributing much of it to demographic change, an aging population, and fewer younger workers entering the labor force. The presentation continued into a broader discussion of workforce trends and the need for practical policy responses, but no votes or formal actions were taken on these informational items.

Transcript Highlights:

• The, the brief I have says that this bill resets the amortization schedule for unfunded liabilities to
• What was the Resetting the amortization schedule for unfunded liabilities to a 15 year old, fifteen-year

Transcript Highlights:

• , known as rate case expenses, are recovered from utility consumers via a rider spread over an amortization
• They're recovered from the ratepayers over about a two-year amortization period.

Bills: SB483, SB522, SB783, SB1239, SB1254, SB1255, SB1259, SB1341, SB1664, SB1762, SB1856, SB1877, SB1977

Keywords: utility, proprietary information, customer data, data protection, electric service, customer information, emergency communication, electric utility, privacy, certification, public accountants, interstate licensing, accounting, regulatory amendment, energy efficiency, construction regulations, building codes, Texas, sustainability, cost-effectiveness

Summary: The Senate Business and Commerce Committee met with a quorum and first took up pending business, voting out several bills. Senate Bills 1697, 1569, 1202 as substituted, 1029, 1364, 1185, 924, 1008 as substituted, 264, 1376, and 1358 as substituted were reported favorably, with some sent to the local and uncontested calendar. The committee also adopted a substitute for SB 1202 and later corrected votes on several measures. SB 924 and SB 1376 drew some opposition, while the rest of the pending bills were reported without dissent or with limited nays. The committee then heard testimony on SB 1856, which would create an annual capacity-cost recovery rider for Entergy Texas customers in the MISO region. The author and Entergy argued the bill would better match rates to actual capacity costs and improve transparency, while the Texas Association of Manufacturers and the Public Utility Commission raised concerns about the short 10-day review period, rider proliferation, and the preference for full rate cases over piecemeal adjustments. The bill was left pending. The committee also heard and left pending SB 522 on CPA reciprocity, SB 1664 requiring TDUs to provide clearer, standalone rate-change disclosures, SB 1877 expanding OPUC’s access to market data, SB 1254 and SB 1255 as TDLR cleanup bills on professional employer organizations and mold assessors, SB 1341 updating manufactured housing rules, SB 1239 on sovereign debt and Texas governing law, and SB 1259 streamlining the surveyor-in-training licensing process. Additional bills discussed included SB 1977, which would cap recoverable legal expenses in electric, water, and sewer rate cases; OPUC and some consumer advocates supported the idea as a way to reduce ratepayer costs, while utility representatives warned it could discourage participation and increase rate shock. The committee also heard SB 1762 clarifying that geothermal energy conservation wells are not battery resources, and SB 783 allowing SECO to proceed with future energy-code rulemaking for state-funded buildings. Both drew supportive testimony from industry and environmental groups. All remaining bills heard during the meeting were left pending, and the committee recessed subject to the call of the chair.

Transcript Highlights:

• <01:31:53.840> our<01:31:54.159> unfunded 30-year plan to amortize our unfunded 30-
• year plan to amortize our unfunded liability,<01:31:56.320> and<01:31:56.560> it's<01:31
• The post-2017 gains and losses are being amortized over a 20-year closed period in contrast with the
• 2017 liability, which is being amortized over a 30-year time period.
• how it would maybe wash out with the expected reduction because of the unfunded liability getting amortized

Keywords: 1191, senate, all

Transcript Highlights:

• The $40 million—it will be a period of 20 years, amortization of 20 years.
• Well, can you make like an amortization schedule or something? I can.
• of 20 years amortization of 20 years so of 20 years amortization of 20 years so you're<04:25:30.720><
• Well, can you make like an amortization schedule or something? I can.
• it wasn't in the was set to be amortized it wasn't in the capital<04:26:41.920> budget<04:26:

Keywords: 928, house, all

Summary: The committee first heard the Banking Department’s fiscal year 2026-2027 budget presentation from Commissioner Amelia Galeri. She described the department as a self-funded consumer protection regulator overseeing two main areas: the Banking Trust Division, which supervises state-chartered banks, credit unions, and trust companies, and the Consumer Credit Division, which oversees more than 7,000 licensees including mortgage and money transmitter businesses. She said the department’s budget is about 86% salaries and benefits, with 53 positions all filled, and explained that the agency funds itself through fees, fines, and end-of-year assessments on regulated entities. Galeri said the department is facing workload growth from several directions: continued growth in the trust industry, increased fintech supervision, and a new requirement to regularly examine auto dealers that take finance applications, which adds about 300 exams over two fiscal years. She said the department was directed to flat-fund its budget based on 2025 levels but was allowed to increase travel and training. To stay within that limit, she said the department reduced office space, went paperless, converted administrative and licensing positions into examiner positions, and expects to defund an embedded DOJ database administrator position once a new SharePoint system is fully implemented. Members asked about how the department’s revenue and assessments work, including whether fees were increasing and how much existing banks would pay. Galeri said fees are not being raised, most banks pay little or no fines, and assessments are based largely on asset size, with trust companies paying the bulk. She also explained that fines are set by statute, generally capped at $2,500 per violation for consumer credit entities, and said she would not recommend increasing that cap. The committee then voted to accept the Banking Department’s budget proposal as presented in HQ1, with a motion and second and no discussion. The transcript then moved to the Department of Energy budget. Commissioner Jared Chakin and Chief of Operations Lenny Radio discussed federal program funding, including LIHEAP fuel assistance and weatherization. They said the apparent drop in fuel assistance funding from FY 2024 actuals to the budgeted amount is due to the loss of ARPA and CARES Act supplemental funds, while weatherization remains a federally constrained program with a waiting list and limited flexibility. Members also asked about a proposed transfer from the renewable energy fund; staff said the transfer would still allow the department to carry out its statutory duties for the year, though the committee deferred deeper discussion until House Bill 2.

Transcript Highlights:

• The anticipated amortization period of 60 months results in a cost of $20,477 annually and an annual
• The anticipated amortization period of 60 months results in a cost of $20,477 annually and an annual

Keywords: 958, all

Summary: The committee first approved the February minutes and noted there had been no March meeting. Staff then provided a series of information items, including quarterly capital project status reports from state agencies and postsecondary institutions, a University of Kentucky equipment purchase report, notice that the committee took no action on certain March transactions, school district debt notices for Fayette and Jessamine counties, lease-space advertisements due to building conditions, a Kentucky Asset/Liability Commission report, and asset preservation project reports from KCTCS and Eastern Kentucky University. The committee then heard and unanimously approved Murray State University’s request for interim authorization to use institutional revenues for a $1.5 million roof replacement at the Curs Center student center. University of Kentucky also received unanimous approval for a $115 million public-private partnership project to expand Parking Structure 7 and the Johnson Center recreation space; testimony emphasized the loss of parking from hospital expansion, increased student enrollment, a planned $21 per semester recreation fee increase, and the goal of improving student retention and campus capacity. Next, the committee received a report on a Kentucky State Police Post 11 renovation in London funded at $1.138 million, with members asking how long the repairs would extend the building’s useful life; KSP said the work was a long-term investment and replacement was still many years away. The committee also approved multiple real property lease actions, including a new CHFS lease in Scott County, several lease renewals for the Commonwealth’s Attorney, CHFS, Transportation Cabinet, and a Secretary of State relocation lease tied to a capital renovation project. Members questioned one Jefferson County lease rate and the witness said it had been in place since 2007. Finally, the Kentucky Infrastructure Authority presented three water loan items, which were rolled and then approved: an $841,383 East Clark County Water District loan for waterline upgrades, a roughly $6.13 million Oldham County Water District loan for US 42 improvements, and a $619,180 increase for Canonsburg Water District’s Schopes Road project due to higher-than-expected bids. The committee then approved eight K-12 school facility issuances, including projects in Clinton, Franklin, Fulton, Lincoln, McLean, Paris, Somerset, and Spencer counties, covering early childhood, new school construction, HVAC, energy conservation, and renovations. The meeting ended with notice of the next meeting date and adjournment.

Transcript Highlights:

• We amortize it over 20 years, not 15. We've done...

Bills: SB45, SB73, SB169, HB243, SB177

Keywords: athlete agents, commission, state regulation, Alabama, higher education, athletics, membership diversity, catastrophe savings account, catastrophe fund, storm savings, disaster savings, hurricane, windstorm, floodwaters, hail, tornado, property insurance, homeowners insurance, insurance deductible, FORTIFIED

Transcript Highlights:

• What would a 20-year amortized plan mean for Amherst?
• <00:39:28.480> would<00:39:28.560> a<00:39:28.800> 20-year<00:39:29.440> amortized
• would a what would a 20-year amortized would a what would a 20-year amortized plan<00:39:30.480>
• to Director Carney as well, wondering if in addition to modeling the 80/20 plan, or the 20-year amortized
• to Director Carney as well, wondering if in addition to modeling the 80/20 plan, or the 20-year amortized

Keywords: 928, house, all

Summary: The subcommittee began its first meeting on retained education funding bills, focusing on HB 366, which concerns school building aid for eligible projects, and HB 295, which would make school building aid program funds non-lapsing. The chair framed the discussion around broader questions about how school building aid should work, noting the state’s limited available funding, the existing debt service obligations, and whether the current formula should continue or be changed. He also raised concerns about the state’s overall revenue constraints and the need to consider renovation, new construction, and possibly leasing within any future program. Members and the Department of Education representative discussed whether school building aid is a state or local responsibility, the current backlog of projects, and the condition of school facilities statewide. Tim Carney of the Bureau of School Facilities described his background and answered technical questions about current programs. Representative Luno argued that under the ConVal decision the state has responsibility for school buildings, including construction and renovation, and that the program also serves an equity function by helping districts with less property-tax capacity. Representative Papich urged the committee to focus on policy structure and fairness rather than just available dollars, saying the current system creates winners and losers and suggesting a simpler per-capita or similar allocation model, while acknowledging a possible transition for projects already in the pipeline. The discussion also covered CTE facilities and leasing. Carney explained that charter schools, and possibly CTE centers, can receive limited leasing aid, and that CTE capital requests are funded through a state capital process, while federal Carl Perkins funds cannot be used for construction. He and others described a separate rotational funding approach for CTE centers, but several members said that model can leave programs waiting too long and may not match changing workforce needs. The chair and others noted that a report from a related study group on CTE policy and funding was still pending, and that its absence could affect legislation for FY28. No votes were taken and no bill was acted on in the portion of the meeting provided; the discussion ended with interest in modeling alternatives, reviewing the waiting list, and examining the tradeoffs of reducing upfront state aid versus funding more projects overall.