Transcript Highlights:

• It will also reduce the corporate rate down to 4.1, and that will be as of 2020.
• The corporate rate from down to 4.1, and that will be as of 2027.
• path of broad-based tax relief.
• We shouldn't be competing with neighboring states for the lowest tax rate.
• The 2025 rate study that you mandated shows it is 23% underfunded, 23%.

Summary: The committee heard House Bill 1001, sponsored by Representative Les Eaves, which would lower Arkansas’s personal income tax rate to 3.7% retroactive to the current year and reduce the corporate income tax rate to 4.1% beginning in 2027. Eaves argued the bill continued a decade-long strategy of broad-based tax relief, would help working families, and would keep Arkansas competitive with other states. He said the measure would reduce future surpluses rather than cut current services, and noted the average taxpayer could see roughly $800 to $1,000 in annual savings from recent tax changes. Several witnesses testified against the bill. Arkansas Appleseed’s Anna Morchetti, Missy Wyatt Joyce, Pastor Preston Clegg, Michelle Pedro of the Arkansas Coalition of Marshallese, and Arkansas Advocates for Children and Families’ Pete Guest all argued the state should prioritize funding for public schools, health care, supported living services, food assistance, rural hospitals, and early childhood education instead of further tax cuts. They said Arkansas faces significant unmet needs, including underfunded schools, food insecurity, and shortages in disability and community-based services, and warned the tax cut would mainly benefit higher earners while reducing resources for essential programs. After testimony, the committee limited debate time for witnesses to five minutes. Representative Eaves closed by saying the state had been responsible in prior tax cuts and that the bill would return money to taxpayers without reducing services. Representative Bray also spoke in support, saying the legislature has continued to fund major priorities while still providing tax relief to working families. The committee then voted to pass the bill, and HB 1001 was approved.

Transcript Highlights:

• >> Based on their residency. >> Based on their residency.
• We will also be above Massachusetts' rate of 8.0 and Maine's rate of 8.93.
• above Connecticut's rate of 8.25. above Connecticut's rate of 8.25.
• GDP growth rates and it's different GDP growth rates and it's really<01:54:21.920> hard.
• <02:55:55.120> You for our town rate. Now, we love you. You for our town rate.

Keywords: 1189, house, all

Transcript Highlights:

• <00:02:02.960> reached<00:02:03.360> 79.4%, retention rate reached 79.4%, retention
• I think retention and graduation rates are vital to what we're trying to do as a state.
• We're a North Dakota-based company, and we support schools in 25 states.
• <00:24:04.480> we<00:24:04.640> support based company with and we support based company
• > ranks<00:25:22.159> 43rd graduation rates, Kentucky ranks 43rd graduation rates, Kentucky

Keywords: 958, all

Summary: The House Budget Review Subcommittee on Postsecondary Education met without a quorum, so no minutes were approved. The committee then heard a presentation from Western Kentucky University President Timothy Kabone, who highlighted WKU’s recent gains in graduation rate, retention, degree production, graduate enrollment, research activity, and financial stability. He said WKU’s FY 2026 budget is structurally balanced without one-time reserves, and he tied the university’s growth to its strategic plan and to Senate Bill 77, which created a pathway for WKU’s first PhD program. WKU’s initial PhD offering is planned in data sciences for fall 2027, and Kabone said the university continues to pursue R2 research status. Kabone also outlined WKU’s budget requests, including a 4.5% base appropriation increase for each year of the biennium, a $30 million increase in the performance funding pool, a $30 million trust fund for tuition waiver reimbursement, and $2 million per year for the Gatton Academy. He also requested continued funding for the Kentucky Mesonet, 8.9% of proposed asset preservation funding, and support for a $280 million new Potter College facility. He emphasized inflationary pressures, rising fixed costs, and the burden of mandated tuition waivers, and said the university supports performance funding but wants the model adjusted to better reward student success rather than enrollment growth. Members asked about WKU’s student housing situation and the transition away from the former student life foundation model. Kabone said the foundation structure had run its course, that the university had lacked adequate oversight under the old arrangement, and that WKU is moving to a public-private partnership with Gilbane and the College Housing Foundation. He said the new model would not increase the university’s debt load and would replace older residence halls with a roughly 1,000-bed complex, eliminate community-style bathrooms over time, and expand living-learning communities. Representatives McCool and Tipton praised WKU’s graduation and retention results and asked questions about the housing project and its timeline. The committee then heard from CareerVXR and KCTCS about a proposed career exploration pilot. Company representatives said the platform uses web-based and virtual reality experiences to show students real jobs and workplaces, with the goal of addressing an “awareness gap” in workforce participation. They proposed a $1.8 million, two-year pilot to reach 50,000 to 60,000 students in three regions, including Hazard Community and Technical College, Southeast Community and Technical College, and western Kentucky. Members asked about cost, funding source, and locations, and were told the request would come through the KCTCS budget. The meeting ended with notice that the next meeting was scheduled for Thursday, February 26.

Transcript Highlights:

• They have to now set their tax rate for the new school year, which is going into the next year here,
• And evidently Revenue Administration developed their tax rate based upon what they understood to be the
• rate based upon what developed their tax rate based upon what they<00:04:16.320> understood<00
• <00:04:40.240> now to have their halfyear tax rate now to have their halfyear tax rate now
• When I spoke adjusted rate applications.

Keywords: 928, house, all

Summary: The committee of conference on HB 718 met to reconcile House and Senate language. Members discussed two main parts of the bill: provisions requiring the Department of Education to report on rules that exceed state or federal requirements, including any fiscal impact on school districts, and language related to the new Pasquaney school district and its tax-rate setting timeline. Conferees said they were agreeable to the Senate’s additions on reporting and the handling of indeterminable fiscal impacts. The group focused on a House amendment, 2725H, which made two technical changes to the Senate language: adding the word “certified” to align with existing statutory language and changing the bill’s effective date to “upon passage” so the Department of Revenue Administration could act in time. A further clarification was proposed to specify July 1, 2025, for the tax-rate language, and members agreed to that change as well. There was some concern raised that the bill’s underlying special education implications could have indeterminate fiscal effects on school districts, and one member said that without a fiscal note they could not support it. After discussion, the House members voted in favor of the three changes, the Senate member present also supported them, and the chair announced the result as effectively unanimous. The committee then said the report would be drafted and the bill would move forward, with HB 102 mentioned as another item to be placed on consent.

Transcript Highlights:

• Similar metrics here related to the primary C-section rate, using the same calendar year 2023-based period
• Based on the committee's reviews in 2022, the Based on the committee's reviews in 2022, the five leading
• So our rates compared to other states of our size and demographics, the monthly participation rates seem
• below the Healthy People 2030 rate.
• What is that rate based upon? I think it was 33%, it's not 33% or roughly.

Summary: The Senate Health Policy Committee met to discuss maternal and infant health, beginning with a presentation from New Jersey’s Maternal and Infant Health Innovation Authority (MiHA). Pamela Taylor described New Jersey’s statewide effort to reduce maternal mortality and racial disparities through the Nurture New Jersey campaign, a strategic plan with more than 80 recommendations, universal home visiting, Medicaid-covered doula care, hospital report cards, limits on non-medically indicated early elective C-sections, and a new maternal and infant health innovation center. Senators asked about doula certification, funding, home visiting, and how New Jersey coordinates across agencies; Taylor said the authority uses quarterly stakeholder meetings, annual summits, and a tracker for recommendations, and that community input helped shape its programs. Florida Agency for Health Care Administration Deputy Secretary Brian Meyer then outlined Florida Medicaid’s maternal coverage and managed care structure. He reviewed eligibility and services for pregnant women, labor and delivery, postpartum coverage, newborn coverage, and family planning, noting 12 months of postpartum coverage, expanded benefits in managed care plans, and new contracts launching February 1 with more maternal-health-focused benefits, quality measures, and a new quality withhold incentive structure. Senators questioned doula certification and duplication with Healthy Start, provider access and network adequacy, kick payments, quality reporting, and whether Florida should consider broader eligibility standards; Meyer said many details are still plan-driven, that quality metrics are public, and that the agency is working on maternal-health work groups and incentives. Department of Health Division Director Shea Holloway followed with an overview of Florida’s maternal and child health programs and data. She cited Florida CHARTS data showing pregnancy-related deaths, severe maternal morbidity, and infant mortality trends, and described the Title V block grant, the Maternal Mortality Review Committee, the Florida Perinatal Quality Collaborative, the electronic prenatal risk screen, Healthy Babies, BH Impact for perinatal mental health, Healthy Start, WIC, family planning, telehealth maternity care, and the Pregnancy Care Network. Senators asked about delays in mortality review reporting, preterm birth, substance use disorder in pregnancy, WIC participation, cesarean rates, and the impact of the abortion ban; Holloway said the department is continuing to monitor outcomes, expand screening and telehealth, and use data and hospital partnerships to improve care. The committee then adjourned without further business.

Transcript Highlights:

• So, stool-based screening, colonoscopy after a positive stool-based screening, or risk-based screening
• was related to evidence-based was related to evidence-based programming.<00:45:30.560> How
• <00:45:50.720> only of spending on evidence-based only of spending on evidence-based only
• <00:51:29.680> and answer about higher Medicaid rates and answer about higher Medicaid rates
• <01:03:00.400> as continued increases in these rates as continued increases in these rates

Keywords: 958, all

Summary: The meeting opened with roll call, approval of the September 17 minutes, and an introduction of Sarah Rome to the committee. The chair also noted that the committee would stay on schedule and then moved to presentations. Representative Amy Neighbors and Taylor Williams of the Kentucky Pharmacists Association presented a refiled “pharmacy parity” proposal, formerly House Bill 3, to require Medicaid reimbursement for pharmacist clinical services already authorized under current scope of practice. They said the bill would not expand Medicaid or pharmacist scope, but would align Medicaid with commercial insurance, improve access and outcomes, and likely save money; they cited a Cabinet report under Senate Joint Resolution 26, which found similar laws in other states were producing savings or trending toward savings and would require only modest administrative updates. No member questions were raised after that presentation. The committee then heard an update on the Kentucky Colon Cancer Screening Program from Senator Stephen Meredith, Dr. Whitney Jones, Melissa Carrier, and Representative Neighbors. They described the program’s goals of increasing screening, reducing deaths through earlier detection, and preventing cancers by finding polyps, saying it has produced substantial savings and improved outcomes. Speakers emphasized Kentucky’s high colorectal cancer burden, especially in younger adults, and said the program helps uninsured and underinsured Kentuckians access stool-based screening and follow-up colonoscopies through a network of partners including the Department for Public Health, Kentucky Cancer Link, and university cancer programs. They requested an increase in funding from $500,000 to $1.25 million annually, or $2.5 million over the biennium, to expand services, fill geographic gaps, and support education and navigation. Members asked whether the colon cancer screening was already covered by Medicaid, and the presenters replied that Medicaid does cover it, but the program serves people who are not on Medicaid or who fall into a separate eligibility category based on income and insurance status. A member also clarified the requested funding increase. The committee then moved on to the next agenda item, an update from the Children’s Home of Northern Kentucky, where board member Sal Santoro and CHNK Behavioral Health leaders began a presentation describing the organization’s broader behavioral health work and its request, but the transcript cuts off before that presentation concludes or any action is taken.

Transcript Highlights:

• So it's all variable based on what we know, and that's based on what we saw in last year's forecast.
• base ultimately.
• And they announced just about a month ago that they're going to lower their base rates because of data
• They have frozen rates for three years and now they will lower rates after that three year freeze because
• or rate cost allocation constructs.

Summary: The Committee on State Affairs convened to discuss data centers and their impact on Texas's energy infrastructure. The meeting featured testimony from key representatives of the Public Utility Commission (PUC) and ERCOT, who outlined the evolving landscape of energy generation and the challenges posed by the rapid growth of data centers. Notably, ERCOT reported over 450,000 MW of generation resources planned for connection, with a significant portion attributed to data centers, which now represent around 87% of new large load interconnection requests. The committee explored proposed changes to the interconnection process, including a new 'batch study' approach aimed at streamlining the approval of multiple projects simultaneously. This change is intended to address the challenges of managing numerous simultaneous requests and to provide more certainty for developers regarding their energy needs. Testimonies emphasized the importance of ensuring that the costs of infrastructure upgrades are borne by the data centers rather than residential ratepayers, with discussions around the financial commitments required from developers. Several data center developers also provided testimony, highlighting the economic benefits of their projects, including job creation and increased local revenues. They expressed concerns about the potential for a moratorium on future growth due to the new interconnection rules and emphasized the need for a collaborative approach to address water usage and environmental impacts. The committee plans to continue discussions on these topics in future hearings, with a focus on balancing economic growth with energy reliability and resource management.

Transcript Highlights:

• >> So charges are basically set based on market rate.
• Obviously, we try to get the best rate we can based on the data available to us and the gap we feel like
• Abdman, >> Chair, Representative, we do look at procedure codes based on reimbursement rates that exist
• Abdman, >> Chair, Representative, we do look at procedure codes based on reimbursement rates that exist
• procedure codes based on reimbursement rates<01:45:21.760> that<01:45:22.000> exist<01

Transcript Highlights:

• Um, and, uh, our current negotiated rate, all universities have a negotiated rate for their indirect
• Our current negotiated rate is 54%.
• Um, and, uh, our current negotiated rate, all universities have a negotiated rate for their indirect
• The board does decide on rates.
• The board does decide on rates.

Keywords: 1183, house

Transcript Highlights:

• rate methodology is based on and that rate methodology is based on cost<00:20:32.240> reports
• So the homes starting January 1st are getting rates based on the cost from 2023, but they have these
• Starting January 1st, homes are getting rates based on the cost from 2023, but they have these holidays
• update to the elderly waiver rates update to the elderly waiver rates ensuring<01:04:21.279>
• Community Based Community Based Services<01:04:24.359> the<01:04:24.480> long-term

Bills: HF1419, HF500

Keywords: nursing facilities, reimbursement rates, elderly care, minimum wage, healthcare funding, nursing home, employment standards, worker rights, Minnesota Statutes, labor compensation, 1183, house

Transcript Highlights:

• and requires a study of market-based rates and recommendations to the legislature.
• and requires a study of market-based rates and recommendations to the legislature.
• and requires a study of market-based rates and recommendations to the legislature.
• and requires a study of market-based rates and recommendations to the legislature.
• and requires a study of market-based rates and recommendations to the legislature.

Keywords: 1187, senate, all

Transcript Highlights:

• rates for your constituents.
• and rates of return.
• Uh, and we're not abandoning performance-based rate making.
• <00:37:25.119> One<00:37:25.359> of performance-based rate making.
• One of performance-based rate making.

Bills: HF3298

Keywords: underground storage tanks, petroleum, reimbursement program, environmental regulation, pollution control, 1183, house

Transcript Highlights:

• There are various fee-for-service models available that are results-based.
• We also have these blood-based biomarkers that are coming onto the market.
• Dula Care, a Massachusetts-based 501(c)(3) organization.
• preterm birth rates, and wide and growing birth disparities.
• preterm birth rates, and wide and growing birth disparities. rising C-section and preterm birth rates

Keywords: 995, all

Summary: The Joint Committee on Financial Services held a lengthy public hearing with testimony on a wide range of health insurance and access-to-care bills. Early testimony focused on prescription drug pricing and pharmacy reimbursement, with supporters of H. 1326 arguing that pharmacy benefit managers and MassHealth managed care arrangements reimburse independent pharmacies too little, contributing to pharmacy closures and “pharmacy deserts.” The committee also heard repeated support for H. 1151/S. 742 on cognitive rehabilitation for acquired brain injury, H. 1288/S. 716 on telehealth parity for nutrition counseling, H. 1309/S. 761 on full-spectrum pregnancy care without cost-sharing, H. 1312 on insurance coverage for doula services, H. 309 on prompt access to health care by removing deductibles for certain services, H. 809/H. 1227 on biomarker testing, H. 1162/S. 810 on reducing inequities in access to medical procedures by limiting insurer cuts tied to Modifier 25, and S. 726 on insurance coverage for mobile integrated health. Testifiers included legislators, physicians, pharmacists, dietitians, emergency and rehabilitation clinicians, and patients and family members. Supporters of the brain injury bill said cognitive rehabilitation is medically necessary, improves long-term outcomes, and can reduce institutional care and public costs; they noted the bill has been heard repeatedly and has support from the Brain Injury Commission and prior favorable committee action. Supporters of the pregnancy care and doula bills described out-of-pocket costs as a barrier to maternal health and shared personal stories of high bills and unmet support needs. Biomarker testing advocates and cancer patients said coverage gaps deny patients access to precision treatment, can lead to avoidable suffering, and should be standardized across insurers; several speakers said insurers often deny claims despite clinical benefit. Dermatology witnesses said insurers’ use of Modifier 25 cuts reimbursement for same-day evaluation and procedure visits, forcing separate appointments and increasing patient burden. Mobile integrated health supporters described home-based care as a way to reduce emergency department use and hospital readmissions, especially for patients with transportation or mobility barriers. No votes or formal committee actions were taken during the hearing itself.

Transcript Highlights:

• based on 2022 costs, only about 82% of actual costs.
• Home care rates, Just one example here, home care rates in particular are, you know, run and developed
• through the Consumer Direct rate-setting board.
• The Consumer Direct rate is a straight labor and administrative rate.
• best rating because then the consumer will choose the one that's got the best rating because, again,

Summary: The committee began with an extended work session on the long-term care workforce. DSHS Assistant Secretary B. Rector described the new Home and Community Living Administration and outlined major workforce pressures: Washington had about 126,000 long-term care workers in 2022, with demand expected to outpace supply as the 85-plus population and dementia prevalence rise sharply. She emphasized that direct care workers are largely women, people of color, and immigrants, and that family caregivers are also a major part of the system. She highlighted recruitment and retention efforts funded through federal Money Follows the Person dollars, including high school training partnerships, a retention toolkit, transportation support, caregiver newsletters, tribal workforce navigators, and a remote caregiving pilot. Committee members asked about career pathways, technology use, and turnover drivers; Rector said wages, benefits, unstable hours, and workplace support are key issues and promised follow-up data. Aidan Swain of the Washington Health Care Association said skilled nursing and assisted living facilities face acute RN vacancies, wage pressures, and Medicaid reimbursement that does not cover costs, and urged modernization of training, better reimbursement, and continued support for facility-based care. Maddie Fouch of SEIU 775, representing about 55,000 caregivers, said low wages, weak benefits, lack of voice, and certification delays are driving turnover and shortages, and argued for higher compensation, better worker protections, and more transparent reimbursement. Catherine Smith of Behavioral Health Solutions described growing behavioral health needs in nursing homes, the role of expanded behavioral supports programs, and credentialing delays that slow hiring. No votes were taken; the panel was informational only. The second agenda item was an overview of the palliative care benefit work group report required by 2024 legislation. Nico Jansen of the Office of the Insurance Commissioner explained that the work group, convened with the Health Care Authority, studied a potential palliative care benefit for fully insured commercial plans and also Medicaid, PEBB, and SEBB. He said palliative care is a philosophy of care focused on symptom management, coordination, and support for serious illness, and is distinct from hospice because it can be provided alongside curative treatment. The actuarial analysis concluded that creating a new benefit would likely increase costs, estimating about a 28-cent per member per month increase overall and roughly $2.6 million to $4.5 million in annual state Medicaid costs if implemented in 2027. Jansen said the consultants did not find sufficient evidence to assume savings from avoided hospitalizations or long-term care, though several work group members disagreed and submitted response letters. Senators asked about other states, Medicare, health homes, and whether more research could clarify cost savings; OIC said some states, including Hawaii, are moving ahead with Medicaid palliative care benefits, Medicare covers some related services but not in the same way, and further evidence may emerge over time. OIC did not take a position on whether the Legislature should create the benefit. The final presentation covered health care price transparency tools in Washington and federally. Evan Klein and HCA Chief Data Officer Vishal Chaudry reviewed federal hospital and health plan transparency rules, the state all-payer claims database, prescription drug price transparency, the Health Care Cost Transparency Board, the Prescription Drug Affordability Board, and other reporting systems. They explained that the APCD contains claims from fully insured commercial plans, Medicaid, and public employee programs, but not self-insured employer data except for limited voluntary submissions. They also described how machine-readable files, consumer price tools, and aggregated dashboards are used, and noted that data limitations, delays, and complexity remain significant. Senators asked about voluntary self-insured participation, the role of AI in making data more usable, and whether transparency can really help consumers given access barriers and medical debt. HCA said AI is increasingly used by private entities to mine large transparency datasets, but state agencies still face limits in data access and analytic capacity. The committee did not take action; the session was informational and ended with a discussion of how transparency data might better inform policy and purchasing decisions in the future.

Transcript Highlights:

• is based on forecast is based on uh<00:05:15.520> the<00:05:15.840> estimated<00:05:16.720
• you're not growing at the best rate you're not growing at the best rate >> then<00:21:40.400
• The base loan will be a 30-year loan with a 1% interest rate.
• The base loan will be a 20-year loan with a 1.75% interest rate.
• <00:48:25.040> of 20-year loan has an interest rate of 20-year loan has an interest rate of

Keywords: 0:00:02 Call to Order and Roll Call 0:00:30 Approval of Minutes 0:00:49 Information Items 0:01:54 Louisville Arena Authority 0:24:50 Project Rpt from Postsecondary Institutions - MSU 0:26:35 Project Rpt from Finance and Admin. Cabinet 0:37:52 Lease Rpt from Finance and Admin. Cabinet 0:40:13 Rpt from OFM – KIA 0:56:00 Rpt from OFM – EDF Grants 0:58:45 Rpt from OFM – OFM 1:01:46 Adjournment, 958, all

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.

Transcript Highlights:

• they're now seeing a loss of tax base they're now seeing a loss of tax base and<00:02:50.840>
• rate um but what I want to know is rate rate um but what I want to know is on<00:25:46.840> determining
• <01:27:22.119> on<01:27:22.239> a<01:27:22.440> per rate instead of being based
• on a per rate instead of being based on a per acre<01:27:23.080> dollar<01:27:23.480> value
• What's your base?

Keywords: 1187, senate, all

Transcript Highlights:

• I just have one more about rates.
• a rate in um the rates so providers got a rate in um the bium<00:30:49.360> that<00:30:49.480>
• for daily rates for the beds um I rates for daily rates for the beds um I believe<03:30:55.880> we
• We talked about the provider rates and whether there was an increase for the rates, and the rates were
• <05:09:03.600> were<05:09:04.400> not rates um and so the um rates were not rates um

Keywords: 928, house, all

Summary: The House Finance Committee’s Division 3 held a public work session on the Behavioral Health budget on February 27, 2025. The chair opened by explaining the schedule, materials, and deadlines for the budget process, and noted there would be no motions or votes in the division that day. Division of Behavioral Health Director Ktia Fox and DHHS CFO Nathan White then walked the committee through the division’s mission, structure, and budget materials, describing the division’s four bureaus: Mental Health Services, Children’s Behavioral Health, Drug and Alcohol Services, and Homeless Services, along with the policy unit. They emphasized the division’s role in oversight, technical assistance, quality assurance, contracting, and the continuum of care from prevention and early intervention through crisis and residential services. Much of the discussion focused on major programs and funding lines, including the 988 Lifeline contract with Headrest, a technical assistance contract with UNH, Medicaid pass-through payments to New Hampshire Hospital and Glencliff, crisis response services, cold-weather homeless responses, housing supports, and the children’s system of care. Members asked about the UNH contract, the 988 program, crisis stabilization centers, and the peer certification program; Fox explained that the peer certification is a training-and-credentialing pathway for people with lived experience to enter community-based behavioral health work, not a volunteer program. The committee also discussed the “Choose Love” program, which Fox said was created after the Sandy Hook tragedy to build resilience and strength-based emotional regulation in schools and communities. On the children’s side, Fox described the system of care account as the place where many contracted services are budgeted, including community mental health centers, care management entities, rapid response services, and residential programs. Members asked about temporary staffing, and Fox said roughly $500,000 in temporary staff costs shown in the current year would not be spent next year because the money came from a nonlapsing appropriation in HB 1573 for oversight of children’s residential services. She also said provider rate increases were a prioritized need but were not funded in the governor’s current budget, and that the Children’s Behavioral Health Resource Center was not funded, resulting in about a $1 million reduction. The session ended while the division was still moving through the children’s behavioral health slides, including questions about the Fast Forward high-fidelity wraparound program and medication management.

Transcript Highlights:

• SBA in 2023 had a default rate of 8.1% in 2024, which is more than double the default rate of 7A loans
• Six-year term and a 7.5 interest rate.
• The default rate has almost tripled.
• Delinquency and default rates.
• Our default rate hasn't changed.

Keywords: SBA, 7A loan program, underwriting standards, loan defaults, Community Advantage Program, small business funding, testimony

Summary: The committee meeting focused on discussions regarding the SBA's 7A loan program and its implementation challenges. Members raised significant concerns about recent changes to the underwriting standards, which have been criticized for leading to an increase in loan defaults. Ranking members expressed a desire for a return to stronger guidelines to protect taxpayers and ensure the program remains a viable source for small businesses struggling to secure funding. Testimonies from community lenders highlighted their efforts to support underserved communities and stressed the importance of the Community Advantage Program.

Transcript Highlights:

• A 4.5% distribution rate based on a three-year rolling average can provide more stable and predictable
• Frankly, it's much more based on something like interest rates, which have recently had a tremendous
• Frankly, it's much more based on something like interest rates, which have recently had a tremendous
• Frankly, it's much more based on something like interest rates, which have recently had a tremendous
• Frankly, it's much more based on something like interest rates, which have recently had a tremendous

Bills: HF3900

Keywords: permanent school fund, school endowment fund, Minnesota constitutional amendment, school aid, public school funding, State Board of Investment, investment income, distributable amount, school districts, property taxes, income taxes, voter approval, ballot question, constitutional amendment 2026, education finance, fund perpetuity, purchasing power, trust lands, swamp lands, internal improvement land fund

Transcript Highlights:

• Those assumptions are the mortality rates, rates of termination and retirement, and then the service-based
• rates on the prior slide.
• rate column, the PERS employer rate reflects an underlying minimum rate of 4.6%.
• We saw that for PERS, where the combination of the minimum rate... ...2027-29 biennium rates.
• This would invite a motion to adopt the rates. I make a motion to adopt the rates. Thank you.

Keywords: 904, all