Video & Transcript : 'competitive bidding' :
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MN
Minnesota 2025-2026 Regular Session
Committee on Jobs and Economic Development - 01/29/25
Jobs and Economic Development
Transcript Highlights:
- Again, this is where we do a great deal of grants that are issued go out through our competitive bid
- Again, this is where we do a great deal of grants that are issued go out through our competitive bid
- Again, this is where we do a great deal of grants that are issued go out through our competitive bid
- Again, this is where we do a great deal of grants that are issued go out through our competitive bid
- Again, this is where we do a great deal of grants that are issued go out through our competitive bid
Committee:
Senate Jobs and Economic Development
NM
New Mexico 2025 Regular Session
IC - Science, Technology and Telecommunications Aug 25th, 2025
Science, Technology & Telecommunications Committee
Transcript Highlights:
- We invite kiddos from around the state to come stay on our campus for a weekend, and it's a competition
- We host summer camps, and we participate in a national competition called Make 48, which I'll talk a
- MAG 48 is a competition we participated in at the Kentucky School for the Blind and the Kansas School
- It's a competition that exists within three days. ...market and promote whatever they've come up with
- So what we do is let out contracts for bid, so anybody can submit a proposal.
AL
Transcript Highlights:
- this this prison out to we're putting this this prison out to we're putting this this prison out to bid
- Uh that bid will probably not be bid. Uh that bid will probably not be bid.
- Uh that bid will probably not be back to well after we're out of session back to well after we're out
- salary, but also more than a competitive salary, but also more than a competitive salary, but also for
- Um so you competitive with their labor. Um so you competitive with their labor.
NH
New Hampshire 2025 Regular Session
House Ways and Means (03/10/2025)
Transcript Highlights:
- HHR machines because of the competition.
- HHR machines because of the competition.
- </c> just from a sheer competition just from a sheer competition standpoint<00:13:15.480><c> so</c><00
- </c><00:35:21.680><c> of</c> say it says free and Fair competition of say it says free and Fair competition
- </c> bit out like Rhode Island is a bid bit out like Rhode Island is a bid process<04:45:37.000><c> with
Summary:
The public hearing opened on HB 728-FN, which would authorize video lottery terminals at charity gaming facilities and repeal historic horse racing licensing. Representative Om explained that the bill would convert the current historic horse racing terminals into true video lottery terminals/slot machines and change the revenue split, reducing the operator share from 75% to 70% while increasing the state share from 25% to 30%. He also noted the bill would increase the amount going to charities and other state beneficiaries.
Former State Rep. Pat Brammy, who had served on the Charitable Gaming Study Commission, testified in support of the bill’s basic structure. He said a consultant’s report found historic racing machines cost facilities 12% to 18% more to operate because of totalizer and track-related fees, and that slot machines would be cheaper because there are more manufacturers and more competition. He argued that although the operator share drops by 5%, facilities could still benefit from lower operating costs, and he said the commission concluded that moving to slot machines would increase revenues to facilities, charities, and the state. He also said the bill would create a more stable stream of funding for problem gambling, since the current HHR “breakage” funding mechanism is limited and dependent on a single vendor.
Brammy also discussed the commission’s concerns about market concentration in HHR machines, saying the commission found the market was dominated by only a few manufacturers and recommended legislation to address that issue under Article 83 of the state constitution. He interpreted the bill as allowing a phase-in of slot machines upon passage, with the remaining HHR provisions phasing out by January 1, 2028, and said facilities would likely transition as leases expire. Committee members asked about HHR contracts, machine programming, testing, and whether removing HHR would reduce competition; Brammy said he believed leases were likely short-term, machines are tested by a lab, and the legislature could decide whether the change is appropriate. No vote or final action was taken at the hearing.
MN
Transcript Highlights:
- council meeting the first Monday in January, we got a notice from MnDOT that after they opened the bids
- c><00:34:47.000><c> uh</c><00:34:47.159><c> the</c><00:34:47.320><c> costs</c> after they open the bids
- uh the costs after they open the bids uh the costs went<00:34:48.119><c> higher</c><00:34:48.399><c>
- they were uh in uh mot received the bids they were uh in excess<00:43:17.760><c> of</c><00:43:18.000
- </c> Minnesota companies remain competitive Minnesota companies remain competitive maintain<00:56:12.640
Committee:
Senate Transportation
ID
Transcript Highlights:
- And we don't want a situation where we have urban areas that have a lot of competition and many plans
- bidding for that contract.
Committee:
Senate Health and Welfare
OK
Transcript Highlights:
- So they no longer could go out and bid and get those contracts and retain business at the rate that was
- I have when you're trying to set up a system where you're protecting a business When somebody's competition
Committee:
House Business
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Housing Jun 21st, 2026 at 01:00 pm
Joint Committee on Housing
Transcript Highlights:
- Another thing we're doing is working with some community partners about doing a design competition where
- They put out a competitive notice, and there are going to be two new vacancy turnover teams that will
- We're trying everything we can think of to make our home buyers competitive for multifamilies.
- It's a competitive market for land parcels that pushes the value up.
- This has led to cutthroat competition and bidding wars between prospective renters and homebuyers for
Committee:
Joint Joint Committee on Housing
Summary:
The Joint Committee on Housing opened its second hearing of the session with remarks from Chairs Haggerty and Cyr emphasizing that the hearing was a broad look at Massachusetts’ housing crisis rather than a single bill. They highlighted topics including zoning, permitting, rental assistance, public housing, homelessness prevention, and housing production. The first witness, Housing and Livable Communities Secretary Augustus, reviewed implementation of the Affordable Homes Act and the state’s new housing plan, citing a 1.6% vacancy rate, a projected need for 222,000 new homes over 10 years, and ongoing efforts such as ADUs by right, fair housing enforcement, eviction record sealing, seasonal communities planning, and new funding for affordable housing, public housing, and the Momentum Fund. He also discussed infrastructure support for municipalities, technical assistance for ADUs, and concerns about possible federal funding cuts.
Committee members questioned the secretary about ADU financing and technical assistance, the likely unit yield from the Affordable Homes Act, infrastructure barriers in suburban and rural communities, public housing waitlist management, supportive housing, and federal budget risks. MassNAHRO then testified that public housing authorities are facing rising operating and capital costs, a statewide waitlist nearing 300,000, and uncertainty over federal Section 8 and HUD funding. Witnesses described recent state support for operating subsidies, capital improvements, vacancy turnover teams, and resident service coordinators, while warning that proposed federal cuts could sharply affect voucher issuance and agency operations.
CDAC’s executive director Roger Herzog described the agency’s role as a quasi-public source of early-stage financing and technical assistance for nonprofit housing developers, noting its loan capital, supportive housing bond programs, home modification loans, and preservation work under Chapter 40T. He said CDAC has helped produce or preserve more than 55,000 units and stressed the importance of patient capital and preservation tools. CHAPA CEO Rachel Heller urged the committee to focus on production, preservation, planning, and political will, supporting goals for affordability, supportive housing, and homeownership, and endorsing policy changes such as YIGBY, clearer site plan review rules, stronger fair housing funding, and more support for vouchers and public housing. MassHousing then outlined its financing role, including mortgage lending, down payment assistance, the Community Climate Bank, and the Momentum Fund, while noting that permitting delays, capital gaps, and possible federal changes could affect production. Members also asked about transparency, prevailing wage compliance, and a recent internal restructuring related to diversity and business engagement.
TX
Transcript Highlights:
- Neighboring states have very competitive stipends that are. aligned with the recognized TIA status.
- We should retain this to remain competitive.
- Pass for our UIL competitions. Thanks. for your testimony. Ms. Furlich.
- Finland is very competitive.
- It's as competitive as. medical school and law school.
Committee:
House Public Education
LA
Transcript Highlights:
- I think, just like anything else, competition—when we get more work releases and there's competition,
- We currently have a bid that's out on the street right now.
- So now we have that bid out. It has opened.
- So now we have that bid out. It has opened.
Committee:
House Appropriations
KY
Kentucky 2026 Regular Session
Capital Projects and Bond Oversight Committee (2-19-26)
Transcript Highlights:
- This lease resulted from the competitive bid process outlined in KRS 56.83, with only one proposal received
- from our concern, we're always trying to develop more engineers for the state so that we have more competitive
- bids when we go out.
- When engineers are just overloaded with work, they can bid whatever they need because industry will pay
Summary:
The committee first handled routine business, including a roll call, approval of the prior meeting minutes, and a set of informational reports. Those reports covered University of Louisville research equipment purchases, a Kent County school district debt issue for elementary school renovations, the University of Kentucky’s planned use of construction management risk for a new engineering building, APA certification reports for underwriter and bond counsel selection committees, and a KCNA status report on infrastructure upgrades and purchases.
The main presentation was an informational update from the Louisville Arena Authority. Board representatives said the arena was created to drive economic development and reported about $1.4 billion in economic impact from 2010 to 2013. They explained the authority’s financial structure, including arena operating revenues, TIF revenues, debt service, and a long-term capital plan for major repairs and replacements. Members questioned the low net revenue figures, the long timeline before TIF revenues are projected to exceed debt service, the size of capital expenditure spikes, and the University of Louisville revenue-sharing arrangement. The authority said the $2.42 million annual UL payment is fixed under a 2017 refinancing agreement, while other amounts vary with ticket sales and related revenues. They also said the COVID-era state and Metro funds, combined with authority cash, were used to prepay debt and reduce interest, lowering the debt service schedule.
The committee then considered and approved a new capital project for a new HVAC system for the student wellness center pool area. The project, presented by university staff, was approved by the board and required committee action. The committee took a roll call vote, and the project passed unanimously.
Finally, Janice Thomas of the state budget office presented two tourism, arts, and heritage cabinet grid resilience projects at Kincaid Lake State Resort Park and Kentucky Down Village State Resort Park. Each project costs $7,834,600 and is funded mostly by a federal grid resilience grant, with the remainder from state utility infrastructure replacement funds and energy policy funds. Staff explained that the projects will move park electrical service ownership and maintenance to regional utilities, allowing the state to exit the infrastructure-management role while continuing to pay utility bills through normal metering. The committee approved the action item by voice vote.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 5 on State Administration Apr 1st, 2025
Transcript Highlights:
- That they're not as competitive as with other nursing, and that could be a reason.
- We expect the drawings to be done by August at the latest, and the project out to bid this fall, with
- This is about competition. There are not lines out people's doors.
- Let's also be clear that This is about competition. There are not lines out people's doors.
- This is not just about competition.
Summary:
The Assembly Budget Subcommittee 5 on State Administration held an informational hearing on budget issues for the Department of Veterans Affairs, the Department of Cannabis Control, the Department of Consumer Affairs, the Commission on the Status of Women and Girls, and the California Arts Council. The chair noted there would be no votes. CalVet gave an overview of its programs serving veterans and families, including transition assistance, county veterans service officers, education approvals, housing and homelessness programs, home loans, long-term care homes, and state veterans cemeteries. Members asked about future long-term care needs for aging veterans, staffing and recruitment challenges at veterans homes, and the Yountville steam infrastructure replacement project, for which CalVet sought a $38.8 million reappropriation and said federal reimbursement was expected. CalVet also discussed the role of county veterans service officers in helping veterans file claims and avoid predatory unaccredited representatives.
The Department of Cannabis Control described its regulatory role from seed to sale and requested one position to implement SB 1064’s combined activities license. Members and public witnesses focused heavily on the illicit cannabis market, enforcement staffing, and the impact of taxes and fees on the legal market. DCC said it had roughly 87 enforcement positions with about a 15% vacancy rate and more than 200 compliance staff. Its economist presented the 2024 cannabis market report, which found licensed production and retail quantity were up, but retail value and prices were down, with an estimated 11.4 million pounds of illicit production and about 60% of California consumption still coming from the illicit market. Industry witnesses argued the legal market is in crisis, urged repeal of the scheduled excise tax increase, stronger enforcement against illicit cannabis and hemp-derived intoxicants, and expanded retail access.
The Department of Consumer Affairs briefly presented nine budget proposals, including a $2.6 million ongoing request to maintain a business modernization system for several boards and bureaus. The Commission on the Status of Women and Girls described its work on economic and educational equity, health care, violence prevention, student rights, and archival and outreach projects, and said its budget request would convert limited-term positions to permanent. A member urged the commission to narrow its priorities toward current issues such as affordability, child care, and women’s health. The California Arts Council outlined its role as the state’s only statewide arts funder and requested restoration of $5 million in local assistance; supporters testified that the funding would leverage additional local investment and help sustain arts access, especially in rural communities. The hearing ended after the non-presentation items were noted and no further public comment was offered.
AR
Transcript Highlights:
- lot of municipalities and small businesses fall between that 25 and 50, and they're unable to get competitive
- lot of municipalities and small businesses fall between that 25 and 50, and they're unable to get competitive
- There do, with that comes caveats, whether it be exemptions of procurement law, you know, the three-bid
Committee:
All JBC-SPECIAL LANGUAGE
Summary:
The committee resumed consideration of several amendments to fiscal bills. It adopted Senator Johnson’s amendment to Senate Bill 15, which shifts responsibility for Keep Arkansas Beautiful-related functions and roadside litter cleanup coordination toward ARDOT, with the current commissioners becoming an advisory council. The committee also adopted Representative Perry’s amendment to Senate Bill 7, lowering from 50 to 25 the employee threshold for employers to request claims data from insurers for group health coverage, aimed at helping smaller businesses and municipalities obtain more competitive insurance quotes.
Representative McKinsey’s amendment to Senate Bill 41, which would have blocked a University of Arkansas at Fayetteville athletic funding transfer and imposed a one-year rider, was rejected after questions about the university’s finances and whether such a transfer had ever occurred. Senator Hester’s amendment to House Bill 1051, intended to cap online sports betting free play at 5% of gross receipts, also failed after debate over whether the proposal was properly fiscal language and whether the free-play incentives constituted a subsidy.
Representative Walker’s amendment to a Save the Children appropriation, which would have converted the funding into a matching grant to encourage private donations, failed for lack of a motion. Representative Vaught’s amendment related to an agricultural tax exemption for certain tractor parts and diesel exhaust fluid systems likewise failed, with concerns raised about drafting, enforcement, and whether it belonged in revenue tax committees. The committee then added two late items: Representative Johnson’s technical correction to a physician licensure pathway bill, which was adopted to broaden qualifying underserved-area definitions, and Senator Tucker’s amendment to Senate Bill 77, which deleted a fund-transfer section and created a matching appropriation mechanism to help Arkansas TV/PBS retain affiliation and pay dues. Senate Bill 77 passed as amended, and the meeting adjourned.
ID
Idaho 2026 Regular Session
Feb 12th, 2026
Transcript Highlights:
- in an answer a moment ago, that if there were an approved vendor, we would sole source in a non-competitive
- What I hear is it would require a competitive bid process. That's correct. Okay.
Summary:
The committee first approved the January 29, 2006 minutes, then spent most of the meeting reviewing Idaho Children’s Trust Fund and related prevention-focused grant requests. Members repeatedly discussed whether proposals fit the committee’s mission of youth substance-abuse prevention, the need for measurable outcomes and oversight, and whether some requests were more like child care or general social services than prevention. Several members also noted that future legislation and a clearer planning framework may be needed so the committee is not simply reacting to applicants’ own goals.
The committee then considered individual funding requests. It approved one-time funding for the Idaho Children’s Trust Fund ($692,240), the Idaho Safety Assessment Center Coalition ($1 million through the Department of Juvenile Corrections), the Idaho Network of Children’s Advocacy Centers ($3 million through ICDVVA), a recovery center request ($150,000 ongoing through Health and Welfare), a statewide drug awareness media campaign ($5 million through the Office of Drug Policy), and the governor’s recommended $25 million one-time transfer to the Department of Health and Welfare/Division of Medicaid to help address the Medicaid forecast and general fund impact. The Children’s Bridge request for $3.5 million did not receive a second and died.
Throughout the meeting, members emphasized that any approved funding should include intent language for distribution, oversight, reporting, and in some cases procurement or performance measures. There was also discussion that some programs should have a designated state agency “home” for long-term sustainability, and that the committee should better track whether funded programs are actually reducing youth substance use and related harms. The meeting ended after the committee adopted the motions and adjourned.
FL
Florida 2026 Regular Session
Appropriations Committee on Agriculture, Environment, and General Government Feb 5th, 2025
Appropriations Committee on Agriculture, Environment, and General Government
Transcript Highlights:
- So we are trying to incentivize competition amongst the contractors. Okay.
- help introduce third-party integration, and it's going to help... ...help continue to introduce competition
- It is the same for every landlord that chooses to bid on one of those leases.
Summary:
The committee heard three informational presentations. First, Lieutenant Rob Rowe of the Florida Fish and Wildlife Conservation Commission discussed derelict vessel removal, explaining the legal definition of derelict and at-risk vessels, the causes of vessel abandonment, and the impact of recent hurricanes on the number of cases. He said FWC has nearly 1,000 active derelict vessel cases, with 576 ready for removal, and described the agency’s use of ARPA funds, grants to local governments, contractor lists, and the V-TIP vessel turn-in program to speed removals and prevent vessels from becoming derelict. Senators asked about how to expedite removals, insurance coverage, due process timelines, and storage challenges; Rowe said the 21-day process is constrained by constitutional due process and that more staffing and prevention funding would help.
Next, Stephen Fielder of the Department of Financial Services presented on the My Safe Florida Home program, which provides grants for homeowners to harden homes before storms. He reviewed program eligibility, grant types, reimbursement averages, and performance data, and said the program has received $633 million in appropriations overall. He noted that the program is outsourced to private vendors, has low administrative overhead, and has processed large numbers of inspections and reimbursements. Senators questioned contractor requirements, permits, overhead costs, and whether the program should be brought in-house; Fielder said permits are required before reimbursement, contractor licensing is verified, and the department is considering several administrative clarifications, including townhome roof work, inspection expiration, and whether grants should be limited per person or per home. A retired educator also testified in support of more assistance for homeowners facing insurance problems.
Finally, Tom Berger of the Department of Management Services outlined the Florida Facilities Pool and the state’s real estate development and management work. He described the bonded facility program, the state’s 112 managed facilities, lease administration, parking contracts, maintenance operations, and more than $1 billion in active construction projects. He highlighted major projects such as the Emergency Operations Center, Capitol complex upgrades, a new visitor screening center, and facilities for other agencies including veterans’ services, juvenile justice, and the courts. Senators asked about lease terms, appropriation language, vacancy in leased space, and whether the state uses a uniform lease form; Berger said the lease document is standardized and that agencies determine their space needs. The meeting ended with no further business and adjournment by motion.
UT
Utah 2025 Regular Session
Economic Development and Workforce Services Interim Committee - November 19, 2025
Economic Development and Workforce Services Interim Committee
Transcript Highlights:
- To stay competitive, we need more than just roads and rail. We need a statewide system.
- To stay competitive, we need more than just roads and rail.
- on the global stage. state and federal priorities to make sure Utah stays competitive on the global
- bid.
- That continues to be a competitive advantage.
HI
Transcript Highlights:
- :53:25.200><c> get</c><00:53:25.359><c> that</c><00:53:25.559><c> construction</c><00:53:26.040><c> bid
- </c><00:53:26.280><c> in</c> until we get that construction bid in until we get that construction bid
- </c><01:19:07.560><c> we</c><01:19:07.800><c> have</c><01:19:08.159><c> asked</c> state so in the bid
- we have asked state so in the bid we have asked sheriffs<01:19:09.520><c> before</c><01:19:09.960><c
- Then finally, innovative procurement, using pre-qualified vendors for speed, best value versus low bid
NM
New Mexico 2026 Regular Session
Senate Chamber Jan 22nd, 2026 at 11:13 am
New Mexico Senate Floor Meeting
Transcript Highlights:
- proposals, amending the definition of small business to conform to federal law, requiring that sealed bids
- amounts excluded from required procurement by the state purchasing agent, changing invitation for bids
- posting and... ...changing invitation for bids posting and publication requirements and expenditure
- amounts, clarifying how identical, competitive, sealed bids are awarded, requiring that professional
CA
California 2025-2026 Regular Session
Senate Special Committee on International Sporting Events: Olympics, Paralympics and World Cup Soccer May 13th, 2026
Transcript Highlights:
- to the former Assemblymember and the former City Councilmember Paul Koretz, who was involved in the bid
- They have a lot of competition moving in from new venues and new areas.
- And we have been at this planning for this enormous transportation challenge since we won the bid in
- You finally get there, you get to your Olympic Games, and you miss your competition due to traffic or
- You finally get there, you get to your Olympic game, and you miss your competition due to traffic or
Summary:
The committee held an informational hearing on planning for the 2028 Los Angeles Olympic and Paralympic Games, focusing on infrastructure, transportation, sustainability, ticketing, community benefits, and legacy planning. LA28’s Joey Freeman reported on overall progress, including new soccer venues across the country, strong ticket demand, a volunteer program launched early, $2.5 billion in corporate sponsorships, and recently enacted state laws to support route networks, temporary infrastructure, medical staffing, and EMS coordination. He also said LA28 is sponsoring AB 2436 to extend in-state tuition eligibility for Team USA student-athletes training in California.
Members pressed LA28 heavily on ticket affordability and access, saying the local presale and low-cost ticket rollout had not met community expectations. Several senators asked for clearer numbers on how many tickets were available, how many were under $100, and how community ticketing would work, with concerns that nonprofit distribution could still miss low-income residents. LA28 said $28 tickets were offered, roughly 500,000 low-cost tickets were placed with local residents during the presale, and a community ticketing program seeded by philanthropy would provide free tickets through nonprofits. Senators also raised concerns about gender parity data, security funding, and whether federal support would remain stable.
Mayor Karen Bass said the city’s theme is “Games for All” and emphasized that Los Angeles wants the Games to benefit every neighborhood through small-business contracting, cultural programming, and lasting infrastructure. She described city-run small business summits, a broader Cultural Olympiad effort tied to murals and neighborhood storytelling, and watch parties and fan fests as free community alternatives. Bass also requested state help speeding approvals for key public-land improvements, allowing mutual aid for law enforcement without a state of emergency, and addressing freeway trash and encampments that could affect access to venues. Members asked for follow-up on those requests, including details on permitting, Caltrans coordination, and business participation.
The final panel began with an infrastructure presentation from Councilmember Paul Krekorian, who said the Games are a no-build, transit-first event and outlined requests for street and sidewalk improvements, accessibility upgrades, energy and charging infrastructure, a joint operations center, active transportation projects, and cleanup of Caltrans rights of way. He argued the Games could generate $18 billion in economic output, support 90,000 jobs, and produce at least $700 million in state and local tax revenue, while also leaving behind permanent community benefits. He closed by pointing to Los Angeles’ history with the 1932 and 1984 Games as evidence that the city can deliver a successful and financially positive Olympics.
NH
New Hampshire 2026 Regular Session
Fiscal Committee (02/20/2026)
Transcript Highlights:
- And so a lot of this money will go into procurement, and we will have competitive procurements to release
- All of those big pieces we put into proposals that vendors can bid on to be able to say, “I want to be
- What's not in there is the dollar amounts associated, because there's some competitive procurements,
- 13:55.920><c> and</c><00:13:56.160><c> we</c><00:13:56.639><c> being</c><00:13:56.880><c> a</c> competitive
- procurements and we being a competitive procurements and we being a smaller<00:13:57.440><c> state</
Summary:
The Fiscal Committee met on February 20, 2026, first approving the minutes and then adopting the consent calendar as amended, with item 26045 removed for separate consideration. The committee then heard item 26045 from the Department of Health and Human Services on the Real Health Transformation Grant for Go North. HHS explained that the first-year award is $204 million, with most funds passed through to Go North and only limited administrative and audit costs retained by HHS. Members asked about staffing, procurement, the program’s spending plan, and whether future grant amounts would be fixed. HHS said Go North will administer the grants, staffing is expected to be about 20 positions, procurements will be competitive, and future awards will depend on federal review of performance and spending. The commissioner said the money is intended to create transformative changes that must be sustainable after the grant period. The committee then approved the item.
The committee next took up regular calendar item 26041 from HHS and adopted it without discussion. It also approved two adjusted items on tab 11, FIS26028 and FIS26029. Item 26027 from the Department of Transportation was adopted as well. Item 26034 from the Department of Corrections was withdrawn, and members noted that any request for new overtime money would be closely scrutinized, especially given the tight budget and the need to explain how existing salary funds were being used. Committee staff said they would follow up with Corrections on vacancy rates, available funds, and other class lines and provide answers to the committee.
The committee then received audit presentations on the state’s college savings plans, including the Unique College Investing Plan and the Fidelity Advisor 529 Plan. Auditors reported clean opinions, no material weaknesses, no audit adjustments, and no unadjusted items requiring reporting. The State Treasurer said the plans are performing well, now total more than $32 billion in assets under management, and are expected to generate about $20 million in revenue this year, with the proceeds supporting scholarship programs for low-income students. The committee placed the audits on file and released them in the usual manner. In other business, members set the next Fiscal Committee meeting for Friday, March 20, 2026, at 11:00 a.m., and then adjourned.