Transcript Highlights:

• At the end of each fiscal year, the Minnesota Housing Finance Agency would have to determine the amount
• <00:02:16.880> Agency's the Minnesota Housing Finance Agency's the Minnesota Housing Finance
• <00:43:02.280> these previously would not have financed these previously would not have financed
• c> it<00:43:13.320> would with traditional financing, it would with traditional financing,
• HIBs reach projects that simply cannot be financed with tax credits alone.

Keywords: 918, senate, all

Summary: The conference committee on the housing omnibus bill began with member introductions and a staff walk-through comparing House and Senate provisions. House Research staff reviewed major policy differences affecting Minnesota Housing Finance Agency operations, including limits on how much the agency may retain from state appropriations for administrative costs, new reporting requirements, restrictions on transfers between appropriated accounts, and House-only language requiring annual expenditure of investment income from state appropriations. Senate provisions were also summarized, including tighter rules on when appropriations may be placed into Housing Development Fund bookkeeping accounts, updated operating-cost reporting, and Senate-only changes to how investment earnings may be used. Staff also described shared and differing provisions on program-money transfers, a lived-experience earnings exemption, and a long list of Senate-only policy changes, including manufactured home park tenant protections, low-income housing tax credit and bond-related changes, a task force on housing taxes and fees, and repealers affecting Housing Development Fund authority and certain older programs. Fiscal staff then reviewed the budget impacts. The House side included one-time appropriations for workforce housing development, family homeless prevention and assistance, a Minnesota Nice Home Share pilot, and homebuyer education, along with debt service for $100 million in housing infrastructure bonds and transfers/cancellations that produced a net zero general fund impact across the budget window. The Senate side noted a fiscal note for the housing taxes and fees task force and a smaller housing infrastructure bond authorization, with corresponding debt service costs and a total Senate budget-window impact of about $1 million in general fund debt service. After the staff presentations, the committee moved to public testimony. Commissioner Jennifer Ho of Minnesota Housing said the bill’s housing infrastructure bonds and continued support for family homeless prevention were important, and she supported the lived-experience earnings exemption, while noting concerns about the interest-earnings provisions. Testifiers from Greater Minnesota groups praised the workforce housing investments and Senate updates to the state housing tax credit and infrastructure grant program, though they suggested changes to the geographic distribution language. HOME Line urged funding for statewide tenant hotline services, citing rising demand and asking for $1 million if additional money becomes available. The Minnesota Consortium of Community Developers supported the bill’s investments and emphasized the need to pair housing development with supportive services. Housing First Minnesota praised housing infrastructure bonds and other investments but criticized the omission of the Minnesota Starter Homes Act. The Minnesota Multi Housing Association began testimony opposing certain rent-control-related provisions in the House bill. No votes or final actions were taken during the portion of the meeting provided.

Transcript Highlights:

• in cancer prevention and Care the gaps in cancer prevention and Care delivery<00:19:36.840> for
• So, you know, putting all that together, again, that's like the finances about what would make sense,
• So, you know, putting all that together, again, that's like the finances about what would make sense,
• <00:50:06.319> about again that's like the finances about again that's like the finances about
• the committee report for the finance the committee report for the finance committee's<01:18:55.679

Keywords: 910, house, all

Summary: The House Committee on Higher Education heard several measures focused on health, environment, and research. HB 970 would allow chiropractic students to participate in clinical practice under direct supervision; the Hawaii Board of Chiropractic offered comments and asked for a delayed implementation date until July 2027 to allow time to adopt rules, while the Hawaii State Chiropractic Association supported the bill. Members also discussed that there are currently no chiropractic schools in the state. The committee then heard HB 1185, which creates a plant-based building materials working group, and HB 1337, which establishes an endemic plant seed bank pilot program. Supporters of HB 1185 said the bill could help create green jobs and reduce greenhouse gas emissions by developing materials such as bamboo, hempcrete, and bio-cements, with questions raised about in-state processing. For HB 1337, witnesses supported the goal of preserving endemic species but said a large-scale refrigerated storage and seed-production facility would be needed; one witness estimated startup costs of about $6 million for one island and noted existing seed banks are small-scale and not designed for reforestation. HB 1300 would fund a University of Hawaiʻi Cancer Center multi-ethnic cohort study on cancer disparities among Native Hawaiians, Pacific Islanders, Filipinos, and Asians, including environmental and social factors such as proximity to landfills. The Cancer Center, ACS CAN, and labor representatives supported the bill, emphasizing health disparities and concerns about landfill exposure; committee members asked about federal funding, and the Cancer Center said it would pursue NIH, private, and foundation support, with the state share described as $500,000 per year for two years. HB 736 would create a wastewater technology testing pilot program at the Water Resources Research Center; supporters said it could help certify cheaper alternatives to costly cesspool and septic upgrades, and the Department of Health supported the measure. The committee also heard HB 531, which authorizes special license plates for the Cancer Center; supporters said it would raise visibility and funds, and the Cancer Center estimated revenue would likely be under $100,000. No votes or final actions were taken in the portion of the meeting provided.

Transcript Highlights:

• Under the Public School Finance Act, the number of bilingual multicultural education program units is
• To address these systemic gaps, LESC staff recommended establishing a statewide, Bilingual education
• Both one-way and two-way programs are very effective in closing that opportunity gap for students.
• I just wanted to speak that PD has actually done some work to bridge the gap for science of reading for
• Then, as I was working with New Mexico Teach for America in Gallup, I saw close the opportunity gap,

Transcript Highlights:

• This bill will put us in a position to try to address a big gap that was obviously exposed during last
• This bill will put us in a position to try to address a big gap that was obviously exposed during last
• we should have uniform standards on something as dangerous as this, but also when we see there's a gap
• I have formal training in rate-making and an MBA with a concentration in finance.
• Adding a certified public accountant and an individual with expertise in finance to the Public Service

Summary: The committee took up several bills and reported each favorably after brief debate and roll call votes. SB 578 would allow wine to be sold in recyclable containers, aligning wine with beer container rules; it had support from Americans for Prosperity. SB 606 clarified when nonpaying guests may be removed from public lodging establishments, updated notice and checkout provisions, and removed a mandatory arrest requirement, with support from Florida Realtors, the Asian American Hotel Association, and the Florida Restaurant and Lodging Association. SB 202 addressed a long-running dispute between Miami Gardens and North Miami Beach over a water utility surcharge, requiring the utility to charge residents in the city where the plant sits the same rate as its own residents; supporters argued it was a fairness issue, while North Miami Beach opposed it as a burden on its residents. All three bills were reported favorably. The committee also approved SB 570, which updates and clarifies the scope of work for swimming pool and spa contractors, and CS/SB 928, which targets non-approved disposable nicotine devices by restricting advertising and display visible to minors, increasing inspections and penalties, and adopting an amendment to clarify the bill does not cover fully unlawful products and to add a 500-foot school buffer for smoke shops. SB 346, dealing with state preemption of local regulation of hoisting equipment, was reported favorably after testimony about the St. Petersburg crane collapse during Hurricane Milton; supporters said local governments need authority to address hurricane-related crane safety, while builders and contractors warned against patchwork regulation and urged a more targeted approach. The committee then considered SB 652, creating Veterinary Professional Associates to perform certain tasks under veterinarian supervision, including limited surgical procedures after an amendment clarified those procedures are limited to spay/neuter and non-cavity surgeries. Supporters said the bill would expand access to veterinary care and help shelters, while some veterinarians expressed concern about training and safety; the bill was reported favorably. Finally, the committee took up SB 354 on the Public Service Commission, adopting a substitute amendment that would expand the commission, require stronger financial expertise and more detailed rate justifications, set rate-filing schedules, tighten storm-hardening review, and add transparency rules for nonprofit water and wastewater utilities; the bill drew support from consumer advocates and AARP, while Florida Rural Water warned of unintended consequences for nonprofit systems. The transcript ends while testimony on SB 354 is still underway, with no final vote shown in the excerpt.

Transcript Highlights:

• Just think about it: education policy and finance.
• And when I had that hearing a couple weeks ago, it was the finance committee.
• loopholes and other bills have all the loopholes and all<00:15:11.360> the<00:15:11.560> gaps
• 12.399> and<00:15:12.519> it's<00:15:12.639> going<00:15:12.759> to all the gaps
• in it and it's going to all the gaps in it and it's going to basically<00:15:13.720> grow<00:

Keywords: 1187, senate, all

Transcript Highlights:

• policy bill or an education finance policy bill or an education finance bill?
• gaps for purchases under $200,000. gaps for purchases under $200,000.
• gap is an outdated<01:31:23.880> funding<01:31:24.240> formula.
• appropriate for the education finance appropriate for the education finance committee.<01:36:26.800
• PSEO and things like that, so these gaps PSEO and things like that, so these gaps already<01:51:

Keywords: 1187, senate, all

Transcript Highlights:

• In my last two terms as Senate Finance Chair, I realized that we were pouring hundreds of thousands of
• In my last two terms as Senate<00:17:39.440> Finance<00:17:39.919> Chair,<00:17:40.720>
• Chair, I realized that we Senate Finance Chair, I realized that we were<00:17:42.080> pouring
• 2024, the state's housing finance 2024, the state's housing finance authority authority authority
• this as you know kind of a stop gap this as you know kind of a stop gap should<01:37:48.560>

Keywords: 1191, senate, all

Transcript Highlights:

• So first we'll begin with Hawaii Housing Finance and Development Corporation.
• Demon Aami, Second Director, White Housing Finance Development Corporation, which is David Oi, our finance
• I'll quickly provide a breakdown of our recent financing activity at HHFDC, in particular for RHRF and
• There's been strong demand for LIHTC financing in recent years, corresponding with the rise and increase
• <00:03:05.519> with<00:03:05.680> pivate cost must be financed with pivate cost must

Keywords: 912, senate, all

Transcript Highlights:

• This addresses gaps in the collection of data regarding post-secondary effectiveness and workforce outcomes
• These are critical gaps that you have recognized as well, Mr. Chairman, in your discussions.
• For me, what gets measured gets fixed, and the fact that you've identified the gaps is essential.
• We need to lead to get those gaps filled. So thank you. Thank you, David. Thank you, Mr. Chairman.
• It addresses the gaps between education and a workforce that can really be put to work immediately.

Bills: SB1998, SB646, SB2786, SB2076, SB2615, SB1961, SB1418, SB2647, SB1322, SB2788

Keywords: pediatrics, medical education, subsidiary, preceptorship, medical training, student programs, mental health, loan repayment, education funding, mental health professionals, healthcare access, Texas Success Initiative, exemption, public officers, employees, higher education, Capitol view, Austin, urban planning, construction

Transcript Highlights:

• <00:06:47.520> division so I will open the finance division so I will open the finance division
• I think about you know the gap between I think about you know the gap between the<02:58:08.520> overall
• we've got potentially a $700 million gap we've got potentially a $700 million gap and<03:15:03.720
• but there's a potential that the finance but there's a potential that the finance full<03:15:16.239
• a gap a gap adjustment<03:21:03.520> um<03:21:04.160> putting<03:21:04.399> in<

Keywords: 928, house, all

Summary: The committee first took up HB 129, which would redefine “evidence-based” in public education. The Department of Education testified that the bill’s definition would conflict with federal definitions and be very restrictive, potentially affecting a wide range of instructional methods, curriculum materials, teacher training, civics requirements, suicide prevention training, and other programs. The department said the bill could force a broad overhaul of school practices, create local implementation burdens, and require at least one new state position, with a fiscal note estimating roughly $118,000 in FY 2026 rising in later years. Members also raised concerns about possible impacts on federal pass-through funding and whether the bill was workable. Representative Papovich moved to retain HB 129, and the motion passed 7-0. The committee then heard HB 133, a Department of Safety/DMV bill involving follow-up when a person votes using an out-of-state license or non-driver ID and then does not obtain a New Hampshire credential within the statutory timeframe. DMV officials said the bill would require a $40,000 technology upgrade plus a new full-time position, and that the fiscal note did not include postage or fully account for the manual work needed to match records, send notices, and review responses. They said the proposal also raised broader tracking issues because it would apply not only to voters but to anyone who had not obtained a New Hampshire license within 60 days, and they questioned whether DMV was the proper agency to make those inquiries. Committee members pressed the department on how the 60-day clock would be determined, whether the bill could amount to a kind of poll tax or raise privacy concerns, and whether voter ID cards or other exceptions would avoid that problem. The department explained that New Hampshire offers a free voter identification card through town clerks for people without a license or state ID, but said the bill did not exempt those cards and that the DMV would still be asked to investigate status after voting. Officials also said the bill would be difficult to enforce, that some cases would be ambiguous, and that any response from the DMV would likely amount to a request for information rather than an enforceable consequence. No vote on HB 133 was taken in the portion provided.

Transcript Highlights:

• House Bill 1907 closes those gaps.
• This commission is an independent body with investigative power that enforces campaign finance laws.
• politicians, lobbyists, and political action committees that owe fines for breaking state campaign finance
• Members, this bill offers a common-sense update to outdated campaign finance statutes.
• It promotes transparency, closes enforcement gaps, and empowers the Texas Ethics Committee. to ensure

Bills: HB842, HB1907, HB2844, HB2892, HB3439, HB4211, HB4536, HB5111, HB5138, HB5182, HB5247, HB5269, HB5323, HB5435, HJR201, SB871, HB3896, SJR40

Keywords: power lines, Gulf Coast, weather-related outages, Public Utility Commission, infrastructure, government contracts, Chinese companies, information technology, cybersecurity, state regulations, food safety, mobile vendors, licensing, permitting exemptions, health inspections, nonprofit organizations, personal information, government disclosure, privacy, criminal penalties

Transcript Highlights:

• This policy change addresses those gaps.
• And so how are you going to that gap.
• Then you’ve answered that gap because that was a gap that’s not very well defined unless you’re a lawyer
• answered that gap because that was a gap answered that gap because that was a gap that's<01:35:57.400
• at fixing that gap. at fixing that gap.

Keywords: 1187, senate, all

Transcript Highlights:

• from a bank through some kind of, you know, HELOC or direct financing.
• <00:46:19.599> The heliloc or or or direct financing.
• The heliloc or or or direct financing.
• a closer connection between the finance a closer connection between the finance and<00:46:25.359
• , if not start to close the gaps?

Bills: HB1946, HB1515, HB1514, HB1648, HB1644, HB1619, HB1571, HB1810, HB2475, HB1645, HB2301, HB1889, HB1840

Keywords: time shares, registration, renewal, real estate, Hawaii, Director of Commerce and Consumer Affairs, workers' compensation, functional capacity examination, occupational therapy, physical therapy, employer responsibilities, injured workers, medical stabilization, vocational rehabilitation, injury recovery, employment services, return to work, nonprescription drugs, over-the-counter medications, healthcare providers

Summary: The committee on Consumer Protection and Commerce met on February 26, 2026, and heard several bills, mostly in the areas of workers’ compensation and consumer protection. HB 1946 HD1 on timeshare registration renewal drew support from DCCA’s timeshare program and major industry groups including Hilton Grand Vacations, the American Resort Development Association, and Marriott Vacations Worldwide, with no opposition noted. HB 1515 HD1, which would allow an attending physician to request a functional capacity examination without employer permission, was supported by DLIR and the Department of Human Resources Development and had no other in-person testimony; the bill was then moved on without questions. The committee spent substantial time on HB 1514 HD1, which would streamline workers’ compensation vocational rehabilitation by clarifying provider selection and requiring vocational plans within 90 days. DLIR supported the intent but asked for amendments, saying the 90-day deadline was too rigid given case-by-case complexity, limited staffing, and the need for coordination among injured workers, employers, and counselors; members discussed possible extensions and whether a 120-day timeline or other flexibility would be better. Testimony on the bill included one individual in support and seven in opposition. HB 1648 HD1, concerning workers’ compensation and physician dispensing of non-prescription drugs, drew support from DHRD and comments from DLIR and industry witnesses. DLIR said the bill should be narrowed so it does not restrict medically necessary over-the-counter medications or oral guidance from providers, while Aloha Billing Company and Solera Integrated Medical Solutions urged tighter limits on physician dispensing and raised concerns about pricing abuse through average wholesale price. Members discussed clarifying the bill’s language so it targets written prescriptions rather than oral advice. HB 1644 HD1, requiring a standardized disclosure form for residential solar contracts, received support from the Hawaii Solar Energy Association and Kauaʻi Island Utility Cooperative, while DCCA’s Office of Consumer Protection supported the consumer-protection goal but proposed stronger remedies, including a three-day cancellation right, voidability for missing disclosures, and possible lender liability; members questioned how those remedies should apply to lenders, and no vote was taken on the measures in the portion provided.

Transcript Highlights:

• Administered through the Department of Higher Education, this fund would finance training and educational
• programs to help bridge the gap for the workforce shortage in commercial transportation.
• to help bridge the gap for the workforce shortage in commercial transportation.
• For this reason, states have to step in and fill the gap For this reason, states have to step in and
• fill the gap, establishing a no-fly zone.

Keywords: 995, all

Summary: The Joint Committee on Transportation held a hybrid hearing on 36 bills covering aviation, commercial vehicles, school buses, veterans license plates, and related transportation issues. Chair Jim Arciero and Senate Chair Brendan Crighton outlined the hearing procedures, then the committee heard testimony on a range of measures, including a bill to modernize alternative student transportation for vulnerable students such as those covered by McKinney-Vento, foster children, and students with disabilities; a bill on unmanned aerial systems that would define drones and restrict weaponization, interference with aircraft, and certain surveillance; and a bill addressing airplane noise and reporting at Beverly Regional Airport. Supporters of the student transportation bill argued it would update outdated school bus requirements while preserving safety standards, while drone-related testimony was split between sponsors and public safety advocates who supported stronger restrictions and industry representatives who warned the bills could conflict with federal law and harm legitimate commercial uses. The committee also heard testimony on workforce and school transportation bills. Representatives and industry witnesses supported a proposal to create a grant program and career outreach for the trucking industry, citing a persistent driver shortage and the importance of trucking to the state’s economy. Teamsters Local 170 supported a bill to ease unemployment job-search requirements for school bus drivers and monitors who are expected to return to work within a short period, saying the current rules create unnecessary burdens during summer layoffs. Another school transportation bill would create an under-the-hood exception for CDL licensing of school bus drivers; several chiropractors testified in support, saying they already perform DOT-style exams and should be explicitly authorized to do school bus driver medical certifications. Veterans-related testimony focused on license plate and disability-definition bills. Advocates supported a Medal of Fidelity license plate for Gold Star families and a separate bill to create an air medal plate. The Office of the Veteran Advocate testified in favor of revising the state’s definition of disabled veteran for RMV purposes, arguing the current language is tied to special monthly compensation categories and does not adequately reflect modern service-connected disabilities, including invisible wounds. The American Legion also urged clarification of the definition, while opposing a separate women veterans plate on the grounds that it could divide veterans unnecessarily. The committee took no votes during the hearing and ended with a motion to adjourn.

Transcript Highlights:

• And how does increased access to TK help address those gaps?
• And how does increased access to TK help address those gaps?
• on that because there is a gap on, so.
• And how does increased access to TK help address those gaps?
• on that because there is a gap on, so.

Summary: The Assembly Select Committee on Child Care Costs held its third hearing, focused on how transitional kindergarten (TK) fits into California’s mixed-delivery early learning system, with an emphasis on the Central Valley. Opening remarks stressed that TK and child care should complement each other, not compete, and that families need both part-day school-based options and full-day, year-round care. Committee members outlined hearing goals around aligning TK with existing programs, understanding family needs, and examining the economic impact of early learning on workforce participation and local economies. Panelists from the Legislative Analyst’s Office, Every Child California, Early Edge, Children Now, and others described TK’s rapid expansion to all four-year-olds, the growth in enrollment, and related changes to state preschool and after-school programs. Witnesses generally supported TK but warned that its expansion has shifted enrollment away from community-based providers, especially centers and family child care homes, creating financial strain, vacant classrooms, and staffing challenges. They urged stronger partnerships between school districts and community providers, more flexible licensing and facilities support, higher and more uniform reimbursement rates, permanent authority for state preschool to serve two-year-olds, and better compensation and training for educators across settings. Parents and providers testified about the importance of trusted, culturally and linguistically responsive care, the need for infant-toddler and home-based options, and the difficulty of affording child care when TK is not full-day or does not fit family schedules. Several speakers emphasized that many families still face long waits for subsidies and that reimbursement and payment delays threaten provider stability. Public comment echoed these concerns, with providers calling for true cost-of-care rates, more vouchers, support for transportation and nontraditional hours, and protection from insurance and facility costs that can force programs to close. State education officials said California’s UPK system works best when TK, state preschool, Head Start, and community-based providers are treated as a shared system, and noted that planning and implementation grants and local coordination efforts have helped build mixed-delivery partnerships. The hearing ended without formal votes or actions, but committee members indicated they would continue gathering input to inform future policy and budget decisions.

Transcript Highlights:

• And then what we've been doing now is identifying the gaps and then backfilling the gaps as we go through
• There was a $9 million gap at $15, and it's growing to about $18 million.
• Just a different way of mapping that gap that's growing.
• So we want to, one of the goals is to close that achievement gap.
• But my finance... ...brain, that's where it goes.

Keywords: 908, all

Transcript Highlights:

• AB 654 addresses a gap in our homelessness programs in Los Angeles County by establishing a dedicated
• We have choked off private, commercial, financial finance. For housing investment.
• Alternative financing mechanisms that lower the costs, such as publicly financed loans or grants, are
• This gap in the law has real consequences.
• It's about financing affordable housing. It's about making it easier to build.

Summary: The Assembly met after a quorum call and first dealt with a procedural dispute over four amendments to AB 1240. The Speaker ruled the amendments out of order as not germane, and the Assembly sustained that ruling on a 49-16 vote. Members then added co-authors to several consent-calendar resolutions, including measures on the National Conference of State Legislators, Suicide Prevention Awareness Month, ALS Awareness Month, and Men’s Mental Health Month, before adopting the consent calendar. The chamber also heard guest introductions, including a welcome for Oakland Mayor Barbara Lee, and took up a motion to bring AB 41 up out of file, which failed 19-48. The bulk of the meeting was floor action on a long series of bills and resolutions, many of which passed with broad bipartisan support. Measures approved included ACR 40 supporting immigrant students and FAFSA privacy; AB 917 on permanent status for certain school employees; AB 985 on anesthesia access; AB 7 and AB 42 on higher education and student services; AB 245 providing property tax relief for wildfire victims; AB 255 allowing funding for drug-free recovery housing; AB 279 updating K-12 library standards; AB 289 creating a pilot for automated speed enforcement in highway construction zones; AB 291 on an educator apprentice program; AB 327 addressing swatting; AB 340 on confidential union communications; AB 341 creating an oral health technical assistance center for people with disabilities; AB 356 on San Diego health care infrastructure; AB 410 on bot disclosure; AB 476 on copper theft enforcement; AB 477 on educator pay targets; AB 485 on stolen wages and business licensing; AB 487, the insurance committee’s technical omnibus bill; AB 573 on tobacco retail license fees; AB 598 on school mapping technology; AB 635 on mobile home law enforcement referrals; AB 651 on remote participation for incarcerated parents in dependency hearings; AB 654 on homelessness hotline assistance in Los Angeles County; AB 662 creating a South County higher education task force; AB 667 on language access in professional licensing; AB 669 limiting early denial of addiction treatment; AB 670 on naturally occurring affordable housing; AB 695 on online continuation of community college for deported students; AB 723 on disclosure for digitally altered real estate images; AB 727 placing Trevor Project information on student IDs; and AB 736, a $10 billion affordable housing bond for the June 2026 ballot, which passed on a 61-11 urgency vote after extensive debate. Debate on AB 736 was the most extensive of the day, with supporters arguing the bond would help address California’s housing crisis and give voters a chance to weigh in, while opponents criticized the state’s bond debt and past spending results. The Assembly then recessed for caucus meetings and later returned to continue the daily file, where additional measures were taken up, including AB 798 adding diapers and wipes to the emergency food bank reserve program, which passed 56-0, and AB 821 on career technical education, which was presented as bipartisan-supported as the transcript continued.

Transcript Highlights:

• Uh, open the meeting with of uh Finance Division 2 and welcome the folks from UN Division 2 and please
• I think sometimes it’s a mystery of what the finances of the university system are and how it works,
• It's a financing tool.
• I will say, under the old system, in December we went to a new HR finance system.
• Finance Division Two at what time?

Keywords: 928, house, all

Summary: The committee heard a presentation from the University System of New Hampshire chancellor on the system’s budget, enrollment, finances, workforce role, and response to federal policy changes. The chancellor said the governor’s recommended budget would reduce university system funding by about $16.5 million over the biennium, or roughly 8.3%, and asked that state funding be held at the governor’s level. She described planned cost reductions already underway, including lower headcount, reduced benefits and retirement contributions, property sales, and lease reductions, and said the system expects to remove about $20 million from its cost structure in fiscal year 2026. A large portion of the discussion focused on enrollment and finances. The chancellor said fall 2024 enrollment was about 23,000, with New Hampshire enrollment increasing for the first time since 2013, and noted that the system remains a major workforce pipeline, with about 3,000 graduates entering the state workforce each year. She explained that net tuition has fallen over time because of declining enrollment and increased financial aid, while research grants and contracts have grown significantly. She also walked through endowment funding, explaining that payouts are based on a 12-quarter rolling average and are intentionally smoothed to reduce volatility; members asked for follow-up information on payout comparisons, administrative salaries, headcounts, and compensation per student. Members questioned the university about the relationship between state support, tuition, endowments, and research spending. The chancellor said the system has used state capital support to leverage major investments, including the UNH Life Sciences building, Plymouth’s Hyde Hall, and the Olson Advanced Manufacturing Center, and described partnerships with businesses such as Lonza and regional manufacturers. She also explained a long-running New Hampshire 529-related revenue stream that has built endowment support for scholarships, and said the system’s endowment now totals about $988 million. In response to questions about possible cuts, she said the system is considering academic program sharing, consolidation of specialties, online delivery, AI-assisted administrative efficiencies, and footprint reductions, but declined to name specific programs. The committee also discussed DEI-related issues and federal grants. The chancellor said the system is reviewing executive orders and a U.S. Department of Education Dear Colleague letter, and that general counsel is working through websites, programs, and more than 1,200 federal grants to ensure compliance. She said the system spends about $3 million on what it calls DEI-related offices and services, but emphasized that these services include disability support, veteran support, Title IX, ADA, and employment-law compliance, and that the system does not have race-based programs, separate housing, or separate graduation ceremonies. She reported that the system had received stop-work orders on four federal grants totaling about $700,000 and warned that reductions in federal direct or indirect costs could affect research, jobs, and innovation.

Transcript Highlights:

• It's the Legislative Finance Committee, LFC General Fund Reserves, and it will be presented by Jennifer
• That created, within the Finance Authority, a venture capital program.
• Our mission is to provide gap financing, to stimulate economic development, and to help communities throughout
• We actually went and looked for a manager that would be able to do gap-filling flexible debt.
• The finance authority is a lender and oversees grants.

Transcript Highlights:

• we're going to hear a presentation from Space Florida, updating us on the work of Florida's aerospace finance
• Space Florida is the state's aerospace finance and business development authority.
• Then we can come back and say, okay, there's gaps in some of these places or gaps in physical locations
• ...for your aerospace financing and business development, or how do you see that going forward for next
• I think we have a nice blend right now between what we would consider our financing activities, which

Summary: The committee met with a quorum and heard first from Space Florida President and CEO Robert Long, who described the agency’s role as the state’s aerospace finance and business development authority and spaceport authority. He reported a pipeline of about 187 projects, nearly $7 billion in potential private investment, and roughly 8,000 potential jobs, with 161 projects in the fiscal-year pipeline, up about 30% from the prior year. Long said Space Florida is focusing on workforce development through its Space Florida Academy with 23 school districts, and on target markets including advanced air mobility/eVTOL, flight simulation, and satellite manufacturing. Members asked about infrastructure, federal-state coordination, LNG planning, environmental mitigation, workforce, and how the Legislature’s recent $5 million recurring increase is being used; Long said the funds are mainly supporting staffing, contracted services, and IT improvements to handle growth and move projects through faster. The panel then heard from Blue Origin, Leonardo (through LSN Partners), and Lone Star Data Holdings. Blue Origin said its Florida manufacturing and launch operations have grown far beyond initial commitments, with more than $3 billion invested and over 3,000 employees in the state, and emphasized the need for roads, water, wastewater, and other launch-site infrastructure as launch cadence increases. Leonardo highlighted its TH-73A Navy helicopter program in Milton and a new 70,000-square-foot maintenance facility at Whiting Aviation Park, crediting state, local, and federal partners and noting future potential for its AW-609 tiltrotor aircraft. Lone Star Data Holdings described its satellite-based data storage and disaster-recovery business, said Florida was its first customer, and urged the state to use Florida as a pilot project for protecting data and expanding space-based data infrastructure. Members repeatedly focused on what the state should do next, and the panel’s main answer was continued investment in infrastructure and long-term planning. Specific needs mentioned included road widening, traffic signals, fire suppression, water pressure, wastewater capacity, power, transportation links, environmental mitigation, and LNG-related planning at the spaceport. No formal votes or bills were taken up in the meeting, and the session ended after member questions and comments with a motion to rise and adjourn.