Transcript Highlights:

• The advanced payment option included in the bill likely has a cost that needs to be determined through
• The advanced payment option included in the bill likely has a cost that needs to be determined through
• <00:02:25.720> of<00:02:25.920> up option to seek an advanced payment of up option
• So, um, I think for me, um, I'm interested in this idea about advanced payments.
• <00:20:05.880> um in this idea about Advanced payments um in this idea about Advanced payments

Keywords: 1183, house

Transcript Highlights:

• THE CURRENT METHOD FOR RESOLVING PAYMENT DISPUTES BETWEEN INSURERS AND OUT-OF-NETWORK PROVIDERS IS AN
• PAYMENT DISPUTES BETWEEN INSURERS AND OUT-OF-NETWORK PROVIDERS IS AN EFFECTIVE.
• THIS BILL CREATES AN EFFICIENT STATEWIDE MECHANISM TO RESOLVE PAYMENT DISPUTES BY ALLOWING EITHER PARTY
• WE ARE SEEING FEDERAL ARBITERS ISSUE PAYMENT THAT READS MULTIPLE TIMES HIGHER THAN MARKET CONTRACTED
• I WANT TO CLARIFY A COUPLE THINGS AND KEEP IN MIND, WE ARE TALKING ABOUT A PAYMENT DISPUTE OCCURRING

Transcript Highlights:

• Sections 2.12 to 2.19 add small city assistance payments to the aid penalty.
• And those are effective for payments due in June 2027. Mr. Williams, Mr. Chair—oh, Mr.
• Any SFIA payments have been adjusted to that limit.
• All SFIA payments are then adjusted proportionally so that the overall payment amount equals the fiscal
• This applies to all educational assistance payments received for student loans.

Bills: HF2730, HF2257, HF2768, HF1932, HF2437

Keywords: local government debt, municipal bonds, county bonds, capital improvements, public financing, bond issuance, public hearing, notice period, bond guarantee, Minnesota Public Facilities Authority, volume cap, private activity bonds, housing finance, residential rental bonds, LIHTC, low-income housing tax credits, redevelopment, courthouse financing, jail financing, law enforcement center

Transcript Highlights:

• This is payments for FY25 for bills that they currently have that we have not paid.
• I think you're talking about pended payments. If I could clarify the question, Mr.
• And in this supplemental, those payments will be made. Follow, Senator Kirt. Thank you, Mr.
• My understanding was it was around 4 million dollars in those payments that we did not pay.
• Will these payments impact our growing Waitlist for the consent decree?

Bills: SB1636, SB1584, SB1730, SB1255, SB1627, SB137, SB2062, SB1470, SB1284, SB1632, SB1594, SB2045, SB1251, SB1884, SB1250, SB1630, SB1262, SB1374, SB1292, SB1432, SB1199, SB1790, SB1481, SB1614, SB1734, SB1437, SB1489, SB1718, SB1778, SB1327, SB1372, SB1403, SB1937, SB277, SB2131, SB1749, SB1348, SB1469, SB2018, SB1931, SB1530, SB2155, SB2030, SB1926, SB2170, SB2151, SB2166, SB1213, SB1381, SB1824, SB1876, SB1728, SB1582, SB1286, SB1386, SB1708, SB1618, SB2106, SB1471, SB2139, SB2154, SB1619, SCR15, HB2786, HB2787, SB1525, SB2011, SB2159

Keywords: cold case, unsolved homicide, violent crime, case file review, law enforcement, police records, victim family, immediate family member, designated person, forensic testing, witness reinterview, investigative leads, cold case unit, unsolved murder, public safety, Title 21, Oklahoma statutes, sexual assault, evidence kits, DNA testing

Transcript Highlights:

• That's the income tax subtraction for the payments.
• And the effect of that is just to get it on the record and makes those payments non-taxable.
• That's the income tax subtraction for the payments.
• Those payments are non-taxable. Correct.
• Um, the proposal here is going to treat coerced payments from coerced debt and payments from this restitution

Keywords: 1187, senate, all

Transcript Highlights:

• Section 9 amends the appropriation for the community-based first-generation home buyers down payment
• Corporation to develop a down payment Corporation to develop a down payment assistance<00:18:51.840
• assistance program removing the payment assistance program removing the requirement<00:19:12.320>
• assistance are less buyer down payment assistance are less than<00:23:02.799> $1<00:23:02.960
• The first is the first-generation community down payment assistance program developed in a statewide

Keywords: 1187, senate, all

Transcript Highlights:

• Um, and it was, uh, a payment, a lump sum payment, or it was a land designation. >> I'm not familiar
• it was uh a payment a lump sum payment it was uh a payment a lump sum payment or<00:24:02.559>
• <01:16:04.000> loan relating to the down payment loan relating to the down payment loan assistance
• to<01:26:01.120> any<01:26:01.280> one The down payment loan to any one The down payment
• <01:26:44.080> loan property for which the down payment loan property for which the down payment

Keywords: 912, senate, all

Summary: The joint House committees on Housing and Education heard HB 1713, HD1, which would repeal school impact fees and transfer remaining balances in the school impact fee and certain fair share accounts to the school facilities special fund. The Department of Education testified in opposition, while the Hawaii Housing Finance and Development Corporation, the Attorney General’s office (with comments and suggested constitutional amendments), the Department of Hawaiian Home Lands, the School Facilities Authority, Grassroot Institute of Hawaii, NAP Hawaii, Avalon Development Company, Mark Development, Maui Chamber of Commerce, Housing Hawaii’s Future, Landis Research Foundation, BIA Hawaii, and others testified in support. The Tax Foundation of Hawaii offered comments. The DOE said the bill would weaken a key tool for matching school facilities to residential growth, while supporters said the current program leaves funds unused or restricted in ways that limit their effectiveness. A lengthy discussion followed about the difference between the older school impact fee program and the separate fair share agreements tied to land use entitlements and change-of-zone approvals. DOE Deputy Superintendent Jesse Suki explained that fair share funds are tied to the district where they were collected, may be too small to build a full school on their own, and are held until needed for projects such as Core Ridge, Central and West Maui, and other planned schools. Committee members pressed DOE on why funds had remained unspent for years, how much money was in the accounts, and whether the department had reviewed audit findings about the program. Members also questioned whether homeowners ultimately bear these costs through developers passing them along. The committee did not take a vote during the portion of the meeting provided. The discussion ended with members and DOE debating whether the current statute should remain in place, whether past entitlements should be affected, and whether the bill should be amended to better address remaining construction-related obligations and the use of collected funds.

Transcript Highlights:

• From there, payments became all do.
• . payments. payments.
• not made the payment for several months. not made the payment for several months.
• Um but as the sponsor payments.
• <01:58:24.560> Um, payments aren't being made. Um, payments aren't being made.

Keywords: 1189, house, all

Transcript Highlights:

• The bigger change, candidly, is with respect to health care and the payment error rate.
• Currently, Florida's payment error rate is at the highest.
• And I pay this much in rent, and these are my utility payments.
• Payment error rate.
• Conversation, but the whole point of this is to get the payment error rate under 6%.

Transcript Highlights:

• But the first section deals with attorney general payments.
• Most of those are due to payments.
• Section three is payments of a settlement related to MIMA.
• It's special funds payment of through.
• Section 13, $25,000 leave payments.

Keywords: MS Senate Floor - 24 February, 2026; 10:00 AM, 925, all

Summary: The Senate convened with a quorum, received the invocation and Pledge of Allegiance, and approved dispensing with the reading of the journal, committee reports, and bill titles. The chamber also welcomed several guest groups, including members of the Mississippi Farm Bureau Land Committee, the Stone County Republican Party, Mississippi State University Student Association leaders, the first graduating class of the Mississippi LEAD program, Montgomery County 4-H leaders, and Mississippi Young Bankers. Floor privileges were granted to Alice Marie Johnson and her guest. The Senate then took up Senate Resolution 28 honoring Alice Marie Johnson of Olive Branch, recognizing her work on clemency and second chances after her own pardon and appointment to a White House pardons-related role. Johnson addressed the Senate, describing her personal history, her time in prison, and her advocacy for people impacted by incarceration and harsh sentencing. Representative Kimberly Remak also presented a House recognition in her honor. The resolution and presentations emphasized redemption, justice reform, and Johnson’s Mississippi roots. On the calendar, the Senate passed Senate Bill 3104, a deficit appropriation bill for fiscal years 2026 and 2027, after Senator Hopson outlined numerous funding items. Those included payments related to wrongful incarceration claims, attorney general litigation, a MIMA settlement, claims involving educational television and the community college board, Medicaid deficit funding, emergency management and county disaster assistance, repairs and relocation needs tied to the Bolton building, AOC pass-through and judge-related costs, licensing board and Marine Resources special funds, student financial aid, and DHS income-verification software to reduce SNAP error rates. The bill passed by morning roll call. The Senate also passed Senate Bill 3105, a placeholder deficit vehicle with no dollars attached, and then passed and retained several later items, including Senate Bill 3053 on IHL general support, after discussion of performance metrics and higher education accountability.

Transcript Highlights:

• I feel like that might be outside of the scope of the discussion here in terms of issues with payment
• I feel like that might be outside of the scope of the discussion here in terms of issues with payment
• Second to that is the payment process.
• is issued so it's withholding payment is issued so it's withholding payment<00:20:40.520> uh<
• <00:21:41.880> process uh second to that is the payment process uh second to that is the payment

Keywords: 958, all

Summary: The committee first took up Senate Bill 27, as amended by committee substitute, which would create a Kentucky Parkinson’s disease research registry. The sponsor said the substitute was developed with UK, U of L, the Michael J. Fox Foundation, and Parkinson’s in Motion to better define a movement disorder center, add Parkinson’s experts from both universities to the advisory committee, require automated reporting, and delay implementation until 2027. Testimony emphasized the need to track diagnoses and testing while protecting confidentiality and allowing people to opt out. The committee adopted the substitute and then voted unanimously to pass SB 27 with a favorable expression. The committee then heard Senate Bill 93, dealing with hearing aid coverage for children. A parent described the high cost of hearing aids for her son and the financial burden created by insurance limits, while a pediatric audiologist explained that early identification and treatment improve language outcomes and that families can spend about $30,000 on hearing aids from birth to age 18. The committee substitute removed adults from the bill and added an in-network requirement for pediatric audiologists, along with a replacement interval consistent with Medicaid guidelines and repair/loss coverage provisions. After questions about costs, replacement timing, and insurer practices, the committee voted unanimously to pass SB 93 with a favorable expression. Finally, the committee considered Senate Bill 153, a transparency and due-process bill concerning Medicaid prepayment review. The sponsor and witnesses from Addiction Recovery Care and Frontier Behavioral Health said prepayment reviews can be imposed with little notice or explanation, disrupt cash flow, and burden rural and smaller providers; they argued the bill would require clearer notice, reasons, and timelines without stopping legitimate reviews. Members asked about managed care organizations, contract issues, and whether the bill would conflict with existing agreements, and the sponsor said it would not. After discussion and an explanation of vote from Senator Douglas, the committee voted to pass SB 153 with a favorable expression.

Transcript Highlights:

• or rent payments.
• Another working mom said, 'We spend $2,200 a month in daycare, and that's a mortgage payment.
• That's beyond a mortgage payment for a lot of people.'
• Thank you on the disruption of the payments.
• June 30th is when the payments will stop.

Summary: The committee first approved the minutes and then heard a presentation from Maddie San Juan of the Women’s Foundation of Arkansas on the report “Holding It All Together: Working Moms and Child Care in Arkansas.” She said the research found Arkansas moms are working and want to work, but child care costs, inflexible schedules, inadequate paid leave, and the mental load of caregiving are major barriers. She cited survey and focus group findings showing flexible hours were the most requested workplace support, 69% of moms identified child care costs as a barrier, and many families spend a large share of income on care. Members asked about labor force trends, what flexibility means in practice, and the cost and age structure of child care assistance programs. The presenter also noted child care affects economic development and workforce recruitment, and mentioned a Department of Commerce option that may help pay child care for people seeking training. Department of Education and Office of Early Childhood staff then gave updates on internal dashboards for enrollment, applications, and provider participation in School Readiness Assistance (SRA), saying the tools are now live for internal use and should improve transparency and data access. They said CLASS transition funding from the PDG grant would be released soon to providers who completed observations, and clarified that OEP awards based on CLASS scores are separate from OEC’s work. They also warned providers about a payment interruption during the transition to a new system: June 26 would be the last day to submit SRA payments for processing, payments would stop June 30, and billing would continue without processing from July 1 to 13, with back payments expected when the system resumes around July 14. Members raised concerns about provider cash flow, early childhood special education funding, an overpayment appeal involving a child care center, and whether CLASS data would be public; staff said the data is FOIA-able but not used by the department to set current quality or rates. The department also said it is reviewing audit requirements tied to Head Start and SRA, that Early Head Start children remained in their facilities after a closure, and that a market rate survey/cost analysis is still in procurement. Staff reported that the QRIS process will begin with a June 23 webinar and that CLASS will be part of a broader quality system still being developed with provider and parent input. They also said the local lead network was re-competed and will cover all counties starting July 1 with 23 local leads, and that the PDG partner group has been formed to provide ongoing stakeholder feedback. The meeting ended with no further business and adjournment.

Transcript Highlights:

• Monthly premiums of payments were required under the current program and also under HB 121.
• There's no payment of premium in Medicaid. Okay. All right.
• until you make a payment.
• You do not have to make back payments, but you would not have coverage.
• No, they do not have to make back payments, but they would not have coverage.

Summary: The committee received a briefing from AHCA Deputy Secretary Brian Meyer and Florida Healthy Kids CMO Ashley Carr on implementation of HB 121, which was enacted in 2023 to expand Florida’s KidCare/CHIP eligibility from 200% to 300% of the federal poverty level and replace the sharp premium “benefits cliff” with a tiered premium glide path. Sponsor Rep. Bartleman described the bill as a bipartisan effort to help working families keep children insured while moving toward economic self-sufficiency. The presenters explained that the program remains a joint federal-state structure, with Medicaid unchanged and the bill affecting only the CHIP-related portions of KidCare. AHCA said implementation has been delayed by federal CMS actions. The agency reported that CMS first rejected a state plan amendment approach, then required revisions to the premium tiers under a new maintenance-of-effort interpretation, and later issued a new interpretation of continuous 12-month eligibility that would prevent disenrollment for nonpayment of premiums. AHCA said it submitted an 1115 waiver, but negotiations over special terms and conditions reached an impasse, and the state has filed litigation challenging CMS’s interpretation. Members asked about the cost of litigation, the effect on future bills, the review process for CMS documents, disenrollment and reenrollment rules, and whether any additional legislative action is needed; AHCA said no further state action is needed at this time and that the key issue is the pending federal litigation. Several members and the sponsor emphasized the need for immediate implementation and asked about possible interim relief. AHCA said current coverage remains in place under the preexisting program, that there is a 30-day grace period for premium payment, and that reenrollment does not require a penalty or back payment, though coverage is not active during lapsed periods. The committee also heard public comment from Nicholas Hessing of the Children’s Services Council of Broward County and the Florida Alliance of Children’s Councils and Trusts, who supported HB 121 and said the expansion could make about 17,600 additional children eligible in Broward County alone. The meeting ended with Rep. Bartleman thanking staff and expressing hope that the new federal administration would allow the program to move forward, and the chair adjourned the meeting.

Transcript Highlights:

• Unfortunately, what will happen is then when the actual vendor requests those payments, those payments
• payments ultimately go to this bad actor who got the information to be changed in the banking system
• FAMU did not always make prompt payment to vendors.
• FAMU did not always make prompt payment to vendors.
• There were a few findings relating to personnel hiring practices, bonuses, relocation payments.

Summary: The Joint Legislative Auditing Committee received a presentation from Auditor General staff on recurring findings from audits of district school boards, colleges, and universities. For school districts, the main issues discussed included missing or outdated safe-school officer training documentation, weak purchasing-card controls, vendor banking-change fraud risks, incomplete background screenings and disqualification-list procedures, missing website budget disclosures, excessive or untimely IT access, late deactivation of former employees’ access, missed emergency drill deadlines, inaccurate capital outlay and resiliency education records, weak tangible property inventories, adult education reporting errors, untimely bank reconciliations, and improper use of workforce development funds. The auditors said many of these issues are repeated from prior years and are summarized in their annual report on significant findings and financial trends. For universities and colleges, the auditors highlighted similar control weaknesses, including vendor information change controls, IT access issues, cash and investment reconciliation problems, purchasing and procurement deficiencies, personnel and compensation issues, and student fee compliance concerns. Specific examples included a UF consulting contract totaling about $6 million, FAU underreporting carry-forward balances by about $77 million, UCF’s payment loss of about $107,000 from an email scam tied to vendor changes, and a North Florida College unauthorized transfer involving a few hundred thousand dollars. The committee asked questions about the UF consulting work, the FAU carry-forward issue, and whether the listed findings meant every named entity had every issue; auditors clarified that the lists reflected entities with findings in those categories, not necessarily each specific problem. The committee then turned to enforcement for entities with long-standing uncorrected audit findings. Staff reported 144 entities with 197 findings repeated in three or more successive audit reports and recommended sending letters requesting updated corrective-action status, including for late-filed 2022-2023 reports where appropriate. The committee approved the staff recommendation and directed letters to be sent. The meeting ended with members emphasizing the importance of audit oversight and taxpayer accountability.

Transcript Highlights:

• program, otherwise known as directed payments.
• program, otherwise known as payment program, otherwise known as directed<00:08:31.919> payments.
• Um, these programs directed payments.
• So, I access to these directed payments.
• So a directed payment program, or DPP, is not new.

Keywords: 1187, senate, all

Transcript Highlights:

• And then finally, it allows payments for lease and equipment to tribal governments to be eligible for
• of taxes and fees to the appropriate jurisdiction. of pennies, not just the remittance or payment of
• At the very least, HB 291 should be amended to clarify it applies only to the remittance and payments
• , the payment to the retailer or to the tax authority should still be based on the amount owed on the
• People make their payments; the new owners of this property that bought it at auction make their payments

Keywords: 996, all

Transcript Highlights:

• So for the most part, we’re not making direct payments to households.
• So for the most part, we’re not making direct payments to households.
• Representative Craft followed up, saying, “You said indirect payments to households, or direct payments
• to to households or direct payments to to households or direct payments<00:26:25.440> we<00:26
• we we we generally don't make payments we we we generally don't make direct<00:26:27.039> payments

Keywords: 919, house, all

Summary: House File 771, as amended, was laid over for possible inclusion. The bill would create a state supplemental grant program to build on LIHEAP, with the goal of expanding energy assistance beyond the winter season to cover summer cooling needs and reduce utility shutoffs. Representative Craft said the proposal would use existing LIHEAP systems, help more eligible households, and support related services like weatherization. The committee adopted the author’s amendment, DE2, without objection. Supporters testified that energy costs remain unaffordable for many Minnesotans, especially in rural areas and among low-income households, seniors, and people using delivered fuels. Annie Levenson-Faulk of the Citizens Utility Board said only about a quarter of eligible households receive assistance, summer shutoffs are common, and cooling needs have grown significantly. Trisha Leite of the Minnesota Rural Electric Association, Amanda Macky of Minnesota Valley Action Council, and Ken Schum of the Minnesota Municipal Utilities Association all supported the bill, saying year-round assistance would help households, reduce disconnects, stabilize demand for aid, and ease pressure on utility rates. Michael Schmitz of the Department of Commerce said Minnesota has received about $112 million in LIHEAP funds so far this year and is awaiting additional federal money; he also noted recent funding has been lower than in prior years and inflation has reduced its value. Members discussed the scale of utility shutoffs, the increase in cooling demand, and whether the bill addresses root causes or serves as a temporary fix. Representative Weiner argued that the state should focus on keeping more money in taxpayers’ pockets and reducing the need for subsidies, while Representative Craft responded that the underlying issue is low incomes and widening wealth inequality, and that policies like the child tax credit are better ways to address poverty. The chair also asked how LIHEAP dollars flow, and Commerce said most benefits are paid directly to utilities on behalf of households rather than as direct cash payments to recipients.

Transcript Highlights:

• The state has tended to make these payments as soon as it recognizes the higher estimate.
• That would avoid the payment delay.
• There aren't any increases or payment deferrals proposed under the Governor's Budget.
• their payment on time.
• their payment on time.

Summary: The Assembly Budget Subcommittee on Education Finance met for its annual Proposition 98 overview, with Chair Alvarez outlining the committee’s focus on K-12 funding, student outcomes, and use of one-time funds. Superintendent Tony Thurmond gave an update on education issues, including wildfire recovery support for affected school communities, ongoing concerns about federal threats to education funding and immigration enforcement, progress on literacy and math, dual-language immersion, educator housing, and support for dual enrollment. Members broadly expressed support for these priorities, while also raising concerns about implementation, funding stability, and the need for schools to remain safe places for students. The committee then reviewed the Governor’s Proposition 98 proposal. The Department of Finance said the 2025-26 Proposition 98 guarantee is projected at $118.9 billion, with higher revenues and TK-related rebenching driving the increase. The LAO said the budget adds about $7.5 billion over two years and discussed the volatility of the guarantee, especially in 2024-25, when changes in revenue could have an outsized effect on school funding. Members questioned the proposed $1.6 billion delayed settle-up payment, the legal basis for delaying it, and the impact of possible federal funding freezes. The LAO presented alternatives such as a reserve deposit or delayed disbursement, while Finance said the proposal is intended to manage uncertainty. Members also raised concerns that ethnic studies implementation was not funded in the January budget, and Finance said the administration was not proposing funding for it. The committee next heard on the Proposition 98 rainy day fund and education deferrals. Finance said the reserve would receive a mandatory deposit of about $1.2 billion in 2024-25 and a discretionary deposit of $376 million in 2025-26, leaving a balance of about $1.5 billion. The LAO supported rebuilding the reserve as a way to manage volatility. On deferrals, Finance described the Governor’s plan to eliminate remaining deferrals by 2025-26, and the LAO said paying them off improves cash flow and budget resilience. Members generally supported eliminating deferrals and rebuilding reserves, though some asked about acting earlier if revenues allow. The committee also reviewed the proposed $1.8 billion student support and professional development block grant; Finance said it would fund professional development, recruitment and retention, and dual enrollment, while the LAO recommended clearer language on local discretion and use for one-time costs. Members were divided, with some supporting flexibility and others warning that one-time block grants can create instability and confusion for districts.

Transcript Highlights:

• They're payments to the actually grants.
• <00:41:16.160> uh<00:41:16.319> to forward as a payment uh to forward as a payment
• > from<00:42:05.359> the farmers getting payments from the farmers getting payments from
• That's what we clarified a payment.
• <01:05:40.160> for<01:05:40.480> the would provide payments for the would provide payments

Keywords: 1187, senate, all

Transcript Highlights:

• ,<01:08:21.359> and<01:08:21.880> we<01:08:22.319> we payment, and we we payment
• Assembly to make the ARC payments Assembly to make the ARC payments to to to um um um KERS.
• . payment. payment.
• But so, we're not statutorily payment.
• additional payment. additional payment.

Keywords: Meeting Start: 00:00:00 Attendance Roll Call: 00:00:12 Approval of Minutes: 00:01:34 Actuarial Valuation Update – KPPA: 00:02:10 Actuarial Valuation Update – TRS: 00:25:32, 958, all

Summary: The meeting began with roll call, confirmation of a quorum, and approval of the prior minutes. The main presentation was from KPPA officials Ryan Barrow and Erin Saratt on the annual actuarial valuations for the retirement and insurance systems. They said the systems’ funding status improved overall, with three of five insurance funds fully funded, CERS hazardous dropping from over 100% funded to 90.9% because of premium changes, and KRS receiving $650 million in supplemental funding over the biennium. They also reported strong investment returns above assumed rates, higher payroll and membership counts, and resulting actuarial losses tied to higher salaries and premiums, especially on the insurance side. Members asked several questions about what drove the actuarial losses and whether legislation affected them. KPPA said the CERS insurance loss was driven by premium increases and Senate Bill 10, while the pension-side losses were largely due to higher payroll and benefits for Tier 1 and Tier 2 members. They explained that new Tier 3 employees are designed to add no additional unfunded liability, and that the state administers the systems but does not directly control all hiring. Questions also focused on retiree health premiums, which KPPA said rose about 15% for non-Medicare retirees and 38% for Medicare retirees, with the increase attributed to utilization, prescription costs, and the Inflation Reduction Act. The committee then heard from TRS Deputy Executive Secretary and General Counsel Beau Barnes on the 2025 TRS actuarial valuation. He reported that the Retirement Annuity Trust and Health Insurance Trust both received full funding, the retirement trust’s funded ratio improved to 61%, TRS 4 remains well funded with no liability, and the health insurance trust improved to 89.1%. Barnes said TRS is on track to fully fund legacy liabilities within the amortization period, with 2044 as the point when the system reflects 100% funding and 2046 as the last year needing additional dollars for the legacy liability. He also explained that lower assumed investment returns and updated mortality assumptions increased liabilities, but that TRS uses direct rate smoothing for budgeting purposes. At the end of the meeting, the chair circulated a proposed set of “do’s and don’ts of pensions,” emphasizing that future legislation should not create unfunded liabilities. Barnes also noted he would later discuss several legislative proposals for the 2026 session, but the transcript provided ends before that discussion or any votes on those proposals.