Transcript Highlights:

• on, is that we still think is a good policy addition to this bill: the candidate filing period, adjusting
• on, is that we still think is a good policy addition to this bill: the candidate filing period, adjusting
• Stalberger mentioned, it does make a number of technical adjustments, and we're always happy to do that
• Stalberger mentioned, it does make a number of technical adjustments, and we're always happy to do that
• make a number of technical adjustments make a number of technical adjustments and<00:09:11.279><

Keywords: 919, house, all

Summary: The committee took up House File 1378, an elections administration bill, and first adopted the DE5 amendment. The author described DE5 as a negotiated package combining provisions from several bills on election administration, including notice of temporary polling locations, residence standards for people under civil commitment orders, polling place closure/change notices, absentee voting provisions, special election filing periods, and timelines for filing statements of economic interest. The committee then adopted two additional amendments, A6 and A8, both presented as technical or corrective changes; A8 restored language on off-reservation temporary polling that had been inadvertently left out. Testimony from county election officials and the Secretary of State’s office was generally supportive of the bill’s election-administration changes. Blue Earth County’s Michael Stalberger said the bill would streamline election-day work, improve absentee ballot deadlines, clarify ballot correction procedures, formalize chain-of-custody plans, and speed out-of-court remedies for ballot errors. He also raised concerns about implementation details, including the timing for first chain-of-custody plans, applying candidate filing changes to townships and school districts as well as cities, the short turnaround for college student housing lists, and whether the statewide system could handle new absentee-ballot data fields. Nicole Freeman of the Secretary of State’s office echoed support for the technical cleanup and several policy changes, including removing the permanent absentee application box from voter registration forms, clarifying ballot-board procedures, chain-of-custody planning, and the out-of-court remedy, while also flagging concerns about the absentee application cutoff, city opt-outs from absentee voting, and staffing requirements for absentee locations. Later in the hearing, members discussed a separate proposed amendment, A4/A3, dealing with prohibitions on inducements to vote or register, including lotteries or other chances to win money or goods. The author explained it was intended to clarify existing law and respond to recent examples of large-money election-related giveaways, but after discussion the chair declined to offer the amendment in committee, saying it would likely not have enough support and could be taken up later on the floor. The hearing ended with the technical amendments adopted and the bill advanced with the committee continuing broader discussions on the remaining issues.

Transcript Highlights:

• Yeah, let's oversee how the feedback is, and then we'll adjust from there.
• You'll see something that says reduction of election costs as well as SB-108 adjusted operational election
• LFC recommendation when considering and creating the FY25, or sorry, the FY26 recommendation, we adjusted
• the amount of compensation that you all appropriated, not what they increased through a budget adjustment
• So the total adjusted operating budget that we were looking at is $7.8 million. Okay, so then Mr.

Transcript Highlights:

• discuss, and the wiser heads in your committee and in the House and Senate and Governor would make adjustments
• > having<00:31:25.279> said<00:31:25.600> that<00:31:26.360> I uh make adjustments
• having said that I uh make adjustments having said that I noted<00:31:26.840> Mr<00:31:27.039
• what's been happening is that the minimum requirements of the Shoreland Protection Act have been adjusted
• Adjusted for proposed developments.

Keywords: 1191, senate, all

Transcript Highlights:

• the 20-year date that was envisioned so that PFAS and other remediation, that's the core of it, adjustments
• /c><00:31:23.919> of<00:31:24.480> and<00:31:24.720> that<00:31:25.120> adjustments
• <00:31:25.760> were the core of and that adjustments were the core of and that adjustments
• the House and adjustments could be made. the House and adjustments could be made.
• <01:26:28.159> and conquered school district to adjust and conquered school district to adjust

Keywords: 1191, senate, all

Transcript Highlights:

• addition from the inflation adjustment addition from the inflation adjustment of<01:53:47.760>
• So what this request for 23,652,744 is to adjust the standard budget.
• <01:57:42.000> the<01:57:42.320> standard for 23 652 744 is to adjust the standard
• for 23 652 744 is to adjust the standard budget.<01:57:43.679> That's<01:57:43.920> just
• Seeing none, we are adjourned. can't make that, we'll adjust. can't make that, we'll adjust.

Keywords: 916, all

Transcript Highlights:

• :58.560> through which could be a commission through which could be a commission through adjustments
• 15:01.839> to<00:15:02.639> look<00:15:02.959> hard<00:15:04.079> at adjustments
• later on uh to look hard at adjustments later on uh to look hard at the<00:15:04.560> revenue
• <00:25:44.480> for<00:25:45.760> free<00:25:46.000> and multiplier adjustments
• for free and multiplier adjustments for free and reduced<00:25:46.720> special<00:25:47.039><

Keywords: 928, house, all

Summary: The Education Funding Committee Subcommittee on Adequacy and Funding Sources opened its second meeting by reviewing four retained bills assigned to it: HB 651, HB 772, HB 491, and HB 734. The chair said the goal was to compare the bills across the board, consider whether any one of them should be the committee’s recommended vehicle, and then vote on a recommendation to the full committee. He noted the bills would move out before November 21 and be taken up on the House floor in January, while related LSRs were also being developed for the coming session. Representative Ames argued that HB 651 should be the main vehicle because it would substantially raise the adequacy base and adjust differential aid categories to better reflect real school costs, including poverty, special education, and English learner needs. He described the bill as building on court guidance and said the current funding formula is far below actual district needs. He also supported HB 491 as a study vehicle to examine revenue options, saying the legislature needs informed choices about how to pay for the changes. Representative Damon strongly backed HB 651 and HB 491, citing constitutional obligations, the Conval and Rand rulings, and large projected funding increases for districts such as Claremont, Windham, and communities in the chair’s district if HB 651 had passed earlier. Representative Fellows said he has an LSR similar to HB 491 that would study existing and new revenue options using criteria such as revenue potential, administrative cost, affected groups, implementation timeline, and implementation cost, with input from revenue administration and outside agencies. Representative Papich Muller emphasized constitutional separation-of-powers concerns, reading Article 83 and saying he was not comfortable with the broad claim that “cherish” clearly mandates a specific spending level, though he said he intends to follow Supreme Court guidance. Representative Ricky read testimony from a local school board member arguing that the state already imposes many mandates on schools while providing the least funding in the country, and that HB 651 would help restore meaningful local control. No final vote or action was taken in the portion provided, though the chair had indicated the subcommittee would vote before adjournment.

Transcript Highlights:

• In 2020, national health spending was $4.6 trillion, adjusted for inflation.
• Even with this adjustment for inflation, the cost of health insurance for the average family has doubled
• In 2020, national health spending was $4.6 trillion, adjusted for inflation.
• <01:20:09.639> for trillion nationally adjusted for trillion nationally adjusted for inflation
• <01:20:23.440> for 2023 even with this adjustment for 2023 even with this adjustment for inflation

Keywords: 1183, house

Transcript Highlights:

• to their environment that um adjustments to their environment that um creates<01:13:34.520> an
• Second, this is a modest 2.5% increase for operating adjustments of our projected budget, and it supports
• Second, this is a modest 2.5% increase for operating adjustments of our projected budget, and it supports
• Second, this is a modest 2.5% increase for operating adjustments of our projected budget, and it supports
• Second, this is a modest 2.5% increase for operating adjustments of our projected budget, and it supports

Keywords: 1183, house

Summary: The Judiciary and Civil Law Committee met to hear an informational presentation from the Board of Judicial Standards. After brief member and staff introductions and a review of committee rules, the board’s executive secretary, Sarah Bas, and Mary Pat Maher explained the board’s history, mission, and operations. They described the board as an independent state agency that handles complaints about judicial misconduct and disability, issues advisory opinions, and educates judges on ethics. The presentation covered the board’s composition, complaint intake and screening process, and the levels of discipline available, ranging from summary dismissal and letters of caution to private admonitions, deferred disposition agreements, public reprimands, and formal complaints that can lead to Supreme Court review. Members asked about the board’s budget, public access to discipline records, confidentiality of complaints, and how the board balances accountability with protecting public confidence in the judiciary. The board said public discipline is posted on its website, while private admonitions, deferred dispositions, dismissals, and letters of caution remain confidential. It also said judges generally are told who complained so they can respond, though the board can withhold the source for good cause. Questions also focused on whether attorneys are underreporting misconduct, how many complaints are nuisance complaints, and whether the online complaint system changed the types of complaints received; the board said nuisance complaints make up more than half, the complaint types have not changed much, and it does not have data comparing complaint sources to outcomes. No votes or formal committee actions were taken.

Transcript Highlights:

• the government looks at the bills and sees the briefs and sees the suits filed and then tries to adjust
• Number 11, a technical amendment relating to a data center electricity consumption tax technical adjustment
• Amendment 11, a technical amendment relating to a data center electricity consumption tax technical adjustment

Keywords: June 29, 2026 - Special Session 1, 976, house, all

Transcript Highlights:

• You’ll see that’s noted as base revenue adjustment, the April FAC forecast.
• What this April forecast adjustment did was, given some of the geopolitical issues and the issues with
• You’ll see that downward revenue adjustment is noted there on line four.

Keywords: 1182, all

Transcript Highlights:

• You’ll see that’s noted as base revenue adjustment, the April FAC forecast.
• What this April forecast adjustment did was, given some of the geopolitical issues, some of the issues
• And you’ll see that downward revenue adjustment is noted there on line four.

Summary: The meeting began with a JLBC presentation on the state budget proposal. Staff reviewed revenue changes from the April forecast, which lowered expected growth slightly, and then walked through major tax policy provisions. Those included full conformity with HR1 for the current tax year, a shift to the provisions of SB 1106 for future tax years, new deductions for retirement/pension distributions and Roth IRA contributions, an increase in the dependent credit, and a child and dependent care subtraction. Staff said the tax changes had an overall fiscal impact of about $1.4 billion over four years. They also described offsets from repealing several tax credits and exemptions, including solar-related tax breaks, a renewable energy production credit, a new employment tax credit, a refundable R&D credit for smaller employers, and a pollution-control device credit, totaling about $75 million in added revenue. Another budget item would redirect Arizona Commerce Authority Competes Fund lottery distributions to the general fund. Members asked questions about the budget’s effect on ACCESS eligibility checks, state employee health insurance funding, and cuts to one-time funding for area agencies on aging and Alzheimer’s programs. The committee then moved to caucus items on several bills. HB 2249, as amended by the Senate, would expand the parents’ bill of rights to include access to a child’s complete educational record and notice if school staff facilitate social transitioning, and would require investigation of prior violations; the sponsor concurred with the amendment. HB 2035 would require DCS and courts to identify and consider extended family for kinship foster care placement, with Senate changes shortening a reporting deadline and adding adopted family members to the definition. HB 2170 would bar state contracts for electronic or IT goods with PRC-controlled companies, with a certification requirement added in the Senate. HB 2573 would remove a waiting period for ignition interlock restricted licenses after DUI revocation and adjust psychotherapy language. HB 2415 on kratom would classify synthetic kratom as a narcotic drug and add advertising, packaging, and retail restrictions, but the sponsor intended to refuse the Senate changes. HB 2873 would let local petition sponsors withdraw municipal referendum petitions retroactively, which members noted could affect the Marana data center petition effort. The final bill discussed, SB 1798, would create a Financial Aid Awareness Program in the Department of Education to recognize schools that support FAFSA completion. Members questioned whether the department would need additional staff or resources, but no fiscal note had been provided. The meeting ended with recognition of interns and a brief photo opportunity before the caucus moved into closed session.

Transcript Highlights:

• The adjustment in the code will not result in a loss of revenue for the state because the state has not
• earthquakes, local boards of supervisors are closer to the problems affecting their communities and can adjust
• Adjusting this threshold reflects today's asset values and inflation, aligning tax policy with economic

Summary: The Assembly Revenue and Taxation Committee met after several delays while waiting for the Senate to finish its floor session, and the chair announced the committee would begin once a quorum was established. The committee then heard a series of tax-related bills, with most measures being held for suspense except SB 87, which was voted out. The chair also welcomed newly appointed committee member Assembly Member Juan Carrillo. SB 359 would clarify that county-run transit systems qualify for existing sales and use tax exemptions on transit fuels such as diesel and compressed natural gas. Senator Nilo and Placer County testified that the bill would correct an inequity affecting counties operating their own transit services, especially rural counties, and would not create a new state revenue loss because the tax had not been consistently collected. Support came from the California Transit Association and the California State Association of Counties; the bill was sent to suspense. SB 603 would allow county boards of supervisors in disaster-affected counties to extend by up to three years the five-year deadline for transferring a property tax base-year value to replacement property. The author and supporters, including the California Assessors Association and the California Association of Realtors, said the measure would give local governments flexibility to address post-disaster rebuilding delays. SB 293 would extend the deadline for filing intergenerational property transfer claims from six months to three years for disaster-impacted homeowners, with testimony focused on helping families in Altadena and preserving generational homes after the Eaton Fire; the committee discussed possible refinements and the bill was held in suspense. SB 353 would extend the farm-to-food-bank tax credit through 2032, with support emphasizing food security, waste reduction, and the program’s documented results; it too was sent to suspense. SB 723 would raise the threshold for property tax exemptions on low-value properties, with the author arguing it would reduce administrative costs and ease burdens on small businesses, and the committee asked for technical work before the bill was held in suspense. SB 785 would create a $5,000 tax credit for durable medical equipment used by children with complex medical conditions, with supporters saying it could prevent hospitalizations and help families keep medically fragile children at home; it was also sent to suspense. SB 87, which would extend the sales tax exemption for volunteer fire department fundraising activities for five more years, passed the committee on a 5-0 vote and was sent to the Assembly Appropriations Committee.

Transcript Highlights:

• I don't know if we want to have a conversation on that or make an adjustment, kind of lower that B number
• And we'll also have to make a slight adjustment in the judicial branch budget because of the effect of
• And we'll also have to make a slight adjustment in the judicial branch budget because of the effect of

Keywords: 908, all

Summary: The committee met to work on three remaining policy bills. On HB 2225, members discussed an amendment reducing the Strategic Investment and Improvements Fund housing grant program from $50 million to $30 million, lowering the maximum grant amount, and clarifying that existing lots can qualify after a certificate of occupancy is issued so the program can help communities like Watford City and Williston use prepared lots. Members also discussed the matching requirements, tribal eligibility, and how Commerce would score applications to ensure the money lowers lot costs rather than being absorbed by political subdivisions. The amendment and the bill as amended both passed 22-0, and Representative Murphy was assigned to carry the bill. The committee then took up SB 2200, which funds the 988 crisis hotline. After discussion, members agreed to strip out the proposed phone-line charge approach and instead provide a $500,000 appropriation from the Community Health Care Trust Fund, consistent with the Senate version, to supplement existing funding for increased staffing and texting-related demand. The amendment and the bill as amended both passed 22-0, and Representative Nelson will carry the bill. Finally, the committee considered SB 2342, which creates a value-added milk processing facility incentive program. The amendment reduced the proposed line of credit from $10 million to $5 million, with the program intended to support dairy-related processing infrastructure such as utilities, roads, water, wastewater, and rail access. Members noted the program would be administered through the Agriculture Diversification and Development Committee, could potentially support one or multiple facilities, and sunsets June 30, 2027. The amendment and the bill as amended both passed 22-0, and Representative Brandenburg will carry the bill. The committee then adjourned, planning to reconvene the next morning to take up additional bills and budget adjustments.

Transcript Highlights:

• relating to the basic allotment and guaranteed yield in the Foundation school program, including an adjustment
• allotment, school safety allotment, and guaranteed yield in the Foundation school program, including adjustment
• HB 2564 by Wilson relating to the evaluation of Defense Economic Adjustment Assistance.

Transcript Highlights:

• Related to the basic allotment and guaranteed yield in the foundation school program including an adjustment
• allotment school safety, allotment, and guaranteed yield in the foundation school program, including an adjustment
• burn manager self-insurance pool HB 2564 by Wilson relating to the evaluation of defense economic adjustment

Keywords: 1184, house, all

Transcript Highlights:

• to make sure that we're that we adjust to make sure that we're meeting<00:54:34.000> the<00:54
• <00:58:17.920> They represent a very minor adjustment They represent a very minor adjustment
• We’re certainly not perfect, but when we do make mistakes or we need to adjust in the process that we
• We’re certainly not perfect, but when we do make mistakes or we need to adjust in the process that we
• <01:38:52.760> to and you cannot act as their adjuster to and you cannot act as their adjuster

Keywords: 1183, house

Transcript Highlights:

• focus on the gross number, and then once you get that I will do a calculation that will make the adjustment
• you know, pages four to the end, you'll find shaded columns; those are... um that will make the adjustment
• and and um that will make the adjustment and and then<00:07:46.440> let<00:07:46.599> you<
• A member said, "I suggest that we adjust down when it's 0.5, that is 20.5 rather than 29.6."
• The companies have made the adjustment not to carry as much money going forward because they're being

Keywords: 928, house, all

Summary: The committee met in a work session on revenue estimates and reviewed updated spreadsheet pages for several tax categories, using prior agreements and new testimony to refine FY 2025-2027 estimates. Early discussion covered insurance tax estimates, where members reviewed a letter from the insurance commissioner saying he was comfortable with the numbers provided; the committee accepted those estimates without opposition. Members also discussed utility property tax, with testimony about recent infrastructure buildout, tariffs, depreciation, and the difficulty of forecasting future growth. After debate over whether to use the average of high and low estimates or lean lower, the committee unanimously adopted the utility property tax numbers. The committee then turned to real estate transfer tax and communications tax. For real estate transfer tax, members cited county input, housing market conditions, interest rates, lumber costs, and uncertainty about future policy; they agreed to use the averages and adopted those estimates unanimously. For communications tax, members noted the decline in landline-based revenue and the shift to data services. After discussion of whether to use the low estimate or the average, the committee settled on the average with a small rounding-down adjustment when the figure ended in .5, and adopted the numbers unanimously. The chair also clarified that these estimates remain subject to change until the final resolution is adopted. The committee next accepted interest and dividends estimates as presented, with members noting the decline in that revenue source and the lack of additional information beyond the department’s analysis. Finally, the committee began discussing tobacco tax revenue, with members noting long-term declines in smoking, offsetting effects from out-of-state sales, and a suggestion to take a slightly conservative approach by reducing the average by 0.5. The transcript cuts off during that discussion, so no final vote on tobacco is shown in the excerpt.

Transcript Highlights:

• Uh, There were two minor adjustments.
• it's adjusted by multiplying it's adjusted by multiplying it<00:34:55.120> by<00:34:55.320>
• capacity was also adjusted from 115 to 135%.
• <00:53:16.240> the So, in addition to adjusting the So, in addition to adjusting the multiplier
• adjustment based on the school level. adjustment based on the school level.

Keywords: 916, all

Transcript Highlights:

• or you make any adjustments or you make any adjustments or changes, it's you you don't you don't changes
• We put it back in, but we did adjust everything, every in, but we did adjust everything, every in, but
• Will it be an adjustment? So every two years is when adjustment?
• Is that the amendment to adjust that. Is that the amendment to adjust that. Is that clear Mr.
• Gives those schools time to adjust to that. That schools time to adjust to that.

Bills: HB 1500, HJR 7, HJR 112, HB 34, HB 133, HB 112, HB 119, HB 128, HB 130, HB 132, HB 2756, HB 166, HB 406, HB 186, HB 271, HB 331, HB 380, HB 1583, HB 1584, HB 1819, HB 621, HB 303, HB 552, HB 366, HB 463, HB 1211, HB 1327, HB 1461, HB 923, HB 1760, HB 2043, HB 2467, HB 5333, HB 5265, HB 1592, HB 1576, HB 1552, HB 2018, HB 3511, HB 1781, HB 2013, HB 2340, HB 2349, HB 2508, HB 2970, HB 2520, HB 865, HB 2851, HB 3385, HB 3336, HB 3529, HB 3309, HB 1127, HB 1232, HB 1397, HB 4236, HB 1804, HB 1926, HB 4041, HB 1965, HB 1964, HB 2679, HB 2730, HB 3698, HB 3699, HCR 77, HB 3354, HB 163, HB 201, HB 272, HB 333, HB 405, HB 519, HB 569, HB 654, HB 694, HB 791, HB 1006, HB 1136, HB 1240, HB 1266, HB 1275, HB 1437, HB 1532, HB 1675, HB 1842, HB 1868, HB 1888, HB 1894, HB 1943, HB 1990, HB 2029, HB 2061, HB 2286, HB 2523, HB 2622, HB 2626, HB 2652, HB 2692, HB 2842, HB 2885, HB 2914, HB 3016, HB 3096, HB 3129, HB 3248, HB 3251, HB 3255, HB 3479, HB 3611, HB 3623, HB 3701, HB 3724, HB 3803, HB 3804, HB 3805, HB 3806, HB 3810, HB 3816, HB 3832, HB 3887, HB 4127, HB 4129, HB 4130, HB 4131, HB 4163, HB 4187, HB 4229, HB 4238, HB 4454, HB 4588, HB 4643, HB 4736, HB 4738, HB 4739, HB 4945, HB 5015, HB 5616, SB 767, SB 1619, SB 1738, HJR 5, HJR 2, HB 1399, HB 388, HB 114, HB 205, HB 2789, HB 2791, HB 499, HB 2960, HB 3163, HB 3135, HB 2427, HB 1672, HB 1722, HB 2618, HB 879, HB 1126, HB 4134, HB 3513, HB 1445, HB 1893, HB 1734, HB 3229, HB 3306, HB 1276, HB 3516, HB 4145, HB 1585, HB 4810, HB 2558, HB 2742, HB 1695, HB 33, HB 144, HB 109, HB 103, HB 148, HB 3809, HB 2217, HB 220, HB 2421, HB 2363, HB 421, HB 2455, HB 3711, HB 2559, HB 2775, HB 3126, HB 3666, HB 3595, HB 3260, HB 3376, HB 3826, HB 3770, HB 1831, HB 2614, HB 3113, HB 322, HB 431, HB 869, HB 1203, HB 1244, HB 1875, HB 1950, HB 2152, HB 2341, HB 2809, HB 2856, HB 3012, SB 1415, SB 1058, SB 487, SB 1499, SB 513, SB 1697, SB 1197, SB 1437, SB 1809, SB 836, SB 1879, SB 1145, SB 963, SB 1038, SB 1147, SB 914, SB 711, SB 1409, HB 3707, HB 589, HB 1360, HB 2337, HB 2391, HB 718, HB 23, HB 2436, HB 1500, HJR 7, HJR 112, HB 34, HB 133, HB 112, HB 119, HB 128, HB 130, HB 132, HB 2756, HB 166, HB 406, HB 186, HB 271, HB 331, HB 380, HB 1583, HB 1584, HB 1819, HB 621, HB 303, HB 552, HB 366, HB 463, HB 1211, HB 1327, HB 1461, HB 923, HB 1760, HB 2043, HB 2467, HB 5333, HB 5265, HB 1592, HB 1576, HB 1552, HB 2018, HB 3511, HB 1781, HB 2013, HB 2340, HB 2349, HB 2508, HB 2970, HB 2520, HB 865, HB 2851, HB 3385, HB 3336, HB 3529, HB 3309, HB 1127, HB 1232, HB 1397, HB 4236, HB 1804, HB 1926, HB 4041, HB 1965, HB 1964, HB 2679, HB 2730, HB 3698, HB 3699, HB 3354, HB 163, HB 201, HB 272, HB 333, HB 405, HB 519, HB 569, HB 654, HB 694, HB 791, HB 1006, HB 1136, HB 1240, HB 1266, HB 1275, HB 1437, HB 1532, HB 1675, HB 1842, HB 1868, HB 1888, HB 1894, HB 1943, HB 1990, HB 2029, HB 2061, HB 2286, HB 2523, HB 2622, HB 2626, HB 2652, HB 2692, HB 2842, HB 2885, HB 2914, HB 3016, HB 3096, HB 3129, HB 3248, HB 3251, HB 3255, HB 3479, HB 3611, HB 3623, HB 3701, HB 3724, HB 3803, HB 3804, HB 3805, HB 3806, HB 3810, HB 3816, HB 3832, HB 3887, HB 4127, HB 4129, HB 4130, HB 4131, HB 4163, HB 4187, HB 4229, HB 4238, HB 4454, HB 4588, HB 4643, HB 4736, HB 4738, HB 4739, HB 4945, HB 5015, HB 5616, SB 767, SB 1619, SB 1738, HCR 77

Keywords: Information Resources, Department governance, cybersecurity, state assistance, procurement training, technology resources, advisory committees, water fund, Texas water supply, constitutional amendment, state revenue, infrastructure, parental rights, child upbringing, government interference, Texas legislation, science park district, economic development, technology innovation, higher education collaboration

Transcript Highlights:

• <00:44:41.440> for be automatically inflation adjusted for be automatically inflation adjusted
• Thank you. >> Any others for the first time on the... then as we adjust to do that from then as we adjust
• million for the external cost adjustment million for the external cost adjustment for<01:50:18.000
• So the comment is this isn't adjusted for inflation.
• So with that, I think adjusts over time.

Keywords: 916, all