Transcript Highlights:

• Authorize issuance of general obligation bonds and appropriates funds to DHHL for a capital improvement
• Authorize issuance of general obligation bonds and appropriates funds to DHHL for a capital improvement
• Authorize issuance of general obligation bonds and appropriates funds to DHHL for a capital improvement
• community hall, to adopt AHL amendments to shift general funding structure from general obligation bonds

Keywords: 912, senate, all

Summary: The Committee on Hawaiian Affairs heard several Department of Hawaiian Home Lands measures. SB 2635 would appropriate funds for DHHL land development, land purchases, and mortgage or rental subsidies to address the wait list; DHHL and five supporters testified in favor, and the committee later recommended passage with amendments, including a date defect, with the measure adopted as amended. SB 2924 would authorize funding for a capital improvement project for the Kaneili Community Hall, access road, and parking lot; DHHL stood on testimony in support, Randall Ao and another online testifier spoke in favor, and the committee later amended the bill to shift the funding structure from general obligation bonds to general funds before passing it. SB 3127 would raise the state liability cap for DHHL-related borrowing and guaranteed loans from $100 million to $500 million; DHHL testified, no other testimony was offered, and the committee passed it with amendments, including a date defect. The committee also heard SB 3248, which establishes labor requirements for Aleha Products. No testifier from the Department of Hawaiian Home Lands Board was present, and there was no additional testimony or questions during the hearing. During decision-making, the chair noted there was both support and some opposition but recommended passage with amendments, including a date defect, and the committee adopted the recommendation unanimously. The meeting concluded after all three decision-making votes were completed and the committee adjourned.

Transcript Highlights:

• We've been able to access that money over time, but without a bonding bill and without moving forward
• And they secured a bond, and that bond on the front four rinks has now been paid off, and that asset
• They secured a bond, and that bond on the front four rinks has now been paid off, and that asset then
• <00:51:50.400> the secured a a bond and that Bond on the secured a a bond and that Bond on
• Thank you, Madam Chair. capital investment the bonding committee capital investment the bonding committee

Keywords: 1187, senate, all

Transcript Highlights:

• And to properly provide capacity for this anticipated growth, we are currently projecting to have to bond
• $224 million for our Range Line Water Treatment Plant, and we will also be bonding over $500 million
• And I say this because when we are bonding, we’re bonding for the projected population that is coming
• based upon our entitlements, but we’re not really obviously bonding for additional capacity outside
• And one final point: our utility bonds rely on stable demand forecasts and controlled service commitments

Summary: The Economic Infrastructure Subcommittee considered a full agenda of transportation, utility, aviation, and energy bills. HB 4045, amending the Jacksonville Aviation Authority charter, passed without questions or debate. HB 1075, which would require municipal utilities to allow outside property owners to connect when capacity exists and fees are paid, drew testimony from local government and municipal advocates who warned about conflicts with existing agreements, long infrastructure payback periods, and the risk of subsidizing nonresidents; despite concerns from Rep. Smith and others about municipal boundaries and cost, the bill passed, with Smith voting no. HB 519, as amended, authorizes golf cart crossings at signalized intersections on designated golf cart roads; it passed unanimously after lighthearted debate about golf carts and pedestrian crossings. The committee then took up HB 919, which creates a state definition for major commercial service airports and preempts airport naming authority, including renaming Palm Beach International Airport to Donald J. Trump International Airport subject to FAA, county, and trademark-related conditions. Palm Beach County supported the bill and an amendment clarifying implementation and trademark language, while Rep. Eskamani and others raised concerns about preemption and the timing of honoring a sitting president; the bill passed with several no votes, including Eskamani, Skidmore, and the ranking member. HB 1093, the Advanced Air Mobility and Infrastructure Act, would support eVTOL/vertiport development through tax exemptions, infrastructure funding flexibility, and statewide siting standards while preserving local zoning; supporters framed it as an economic-development and workforce bill, while Rep. Cheney raised taxpayer concerns. An amendment narrowing liability protections for vertiports co-located with public airports was adopted, and the bill passed with Cheney voting no. Finally, HB 1461 established a regulatory framework for advanced nuclear reactors, assigning oversight roles to the PSC, DOH, and DEP. Supporters argued the bill would improve energy reliability, affordability, and Florida’s leadership in clean, advanced energy, while an opponent from Deploy US urged strong consumer protections and cautioned against overbroad deregulation. Rep. Eskamani emphasized preserving PSC prudency review for ratepayer protection, and the sponsor said the bill was refined through committee discussion. After an amendment fixing technical issues and clarifying that one section applied to all nuclear, the bill passed favorably. The meeting then adjourned.

Transcript Highlights:

• The majority of the money from the water project fund comes from severance tax bonds.
• We receive a 9% earmark of severance tax bonds, and then 10% of that has been shaved off and sent over
• the administrative offices of the courts to help deal with adjudication of the senior severance tax bonds
• increase in funding from the Water Project Fund, and that is directly related to the severance tax bond
• The total amount of money that was made available just from the severance tax bonds and the water trust

Transcript Highlights:

• Right now, overweight vehicles require a surety bond approved by both the Comptroller and Attorney General
• This bill permits Tech dot to approve the bonds directly, eliminating bureaucratic red tape and speeding
• If they approve the highway crossing agreement, they go out and they have to get a bond that will cover
• They get the bond And then they send it, they have to send it to us to look at the bond, which we really
• And then in, in your experience, have you ever seen a bond that techt approved sent to you or your office

Bills: HCR 114, HB 137, HB 283, HB 1398, HB 1960, HB 2153, HB 2431, HB 2638, HB 2699, HB 2999, HB 3208, HB 3389, HB 3413, HB 3510, HB 3642, HB 3859, HB 3974, HB 3986, HB 4142, HB 4173, HB 4174, HB 4542, HB 4605, HB 4663, HB 4731, HB 5064, HB 5216, HB 5218, HB 5332, HB 5453, HB 5577

Keywords: memorial, pedestrian bridge, Houston, Sergio Ivan Rodriguez, city council, oversize vehicles, transportation permits, Hidalgo County, port authority, highway routes, healthcare, insurance, mental health, treatment access, state funding, transportation, axle weight, aggregates, regulations, Texas law

Transcript Highlights:

• Right now, overweight vehicles require a surety bond approved by both the Comptroller and Attorney General
• This bill permits TxDOT to approve the bonds directly, eliminating bureaucracy and speeding up the process
• If they approve the highway crossing agreement, they go out and they have to get a bond that will cover
• So TxDOT does that; they get the agreement done, they get the bond.
• Okay, and then in your experience, have you ever seen a bond that TxDOT approved, or your office, that

Bills: HB137, HB283, HCR114, HB137, HB283, HB1398, HB1960, HB2153, HB2431, HB2638, HB2699, HB2999, HB3208, HB3389, HB3413, HB3510, HB3642, HB3859, HB3974, HB3986, HB4142, HB4173, HB4174, HB4542, HB4605, HB4663, HB4731, HB5064, HB5216, HB5218, HB5332, HB5453, HB5577

Keywords: state budget, fiscal biennium, budget repeal, financial management, state funding, Medicaid, healthcare access, Affordable Care Act, federal funding, low-income individuals, insurance coverage, memorial, pedestrian bridge, Houston, Sergio Ivan Rodriguez, city council, oversize vehicles, transportation permits, Hidalgo County, port authority

Transcript Highlights:

• funding for infrastructure investment in this state, providing authority for certain agencies to issue bonds
• This debt can be issued in forms of bonds or loans and is often held by foreign and US investors, banks
• Both investors in and issuers of sovereign debt want a stable legal regime for these bonds.
• Otherwise, bonds are more volatile and issuers have difficulty borrowing cheaply or borrowing at all.
• The most important being to ensure that a cause of action, if any, relating to a bond or security travel

Bills: HB74, HB175

Keywords: environmental project, public money, political subdivision, greenhouse gas emissions, federal law compliance, renewable energy, water conservation, retroactive child support, child conception, paternity, family law, health care expenses

Transcript Highlights:

• Uh, bonding obviously is a more cost-effective way to do it, and so, uh, whatever we can do to help facilitate
• Since you have raised any money apart from requesting the state for GO bonds towards this community,
• 08:43.760> go apart from requesting the state for go apart from requesting the state for go bonds
• :46.920> Community<00:08:47.399> H<00:08:47.839> we<00:08:48.040> have bonds
• towards this k Community H we have bonds towards this k Community H we have raised<00:08:48.880>

Keywords: 912, senate, all

Summary: The Committee on Hawaiian Affairs met on February 13 and heard testimony on three measures before taking up decision-making. On SB 1410, the Department of Hawaiian Home Lands supported the bill as a practical way to require counties to timely respond when DHHL seeks transfer of infrastructure or facilities, and the chair later recommended passage without amendment. The committee adopted that recommendation, with Senator Ihara excused. The committee then heard extensive testimony on SB 1549, which would help fund the Kahili Homestead community’s planned multi-service center and park improvements. DHHL supported the measure, and community witnesses described a 16-year planning process, prior grant and developer funding, completed phase-one park work, and the need for state bonding to complete phase two. Members asked about community engagement, fundraising, and whether the design included features such as a lāʻau garden, Hōlua mound, imu hall, craft pavilion, and space for Native Hawaiian games and lua practice. The chair recommended passage of SB 1549 unamended, and the committee adopted the recommendation. The committee also considered SB 903, described as a housekeeping bill to create a vehicle for continued funding of OHA after the current working group sunsets. The chair recommended passage with amendments incorporating the contents of proposed Senate Draft 1 and recommittal to the Hawaiian Affairs committee, and that recommendation was adopted. The meeting then shifted to a joint hearing with Transportation and Culture and the Arts on SB 614, relating to Hawaiian Independence Day, and SB 1051, relating to Hawaiian History Month. Testimony on SB 614 was largely supportive, emphasizing cultural recognition and education, though one witness from Hawaii Sovereignty Studies opposed it; the Office of Collective Bargaining said it did not yet know the cost. SB 1051 also drew support, with testimony stressing the importance of teaching the history of the overthrow and Hawaiian sovereignty. Both bills were advanced with amendments, including technical changes and effective dates, and both committees adopted the chair’s recommendations.

Transcript Highlights:

• Another admin bill relating to the University of Hawaiʻi revenue bonds.
• To issue<01:40:40.480> those<01:40:40.639> bonds.
• We can't do it on our issue those bonds. We can't do it on our own. own. own.
• Next bill, House Bill 2339, relating to University of Hawaiʻi revenue bonds.
• House Bill 2339, relating to University of Hawaiʻi revenue bonds.

Keywords: 910, house, all

Summary: The committees heard testimony on HB 1872, which would create an early learning apprenticeship grant program to help early childhood providers participate in approved apprenticeship programs, require annual reporting, and appropriate funds. Testifiers in support included the University of Hawaiʻi, the Executive Office on Early Learning, the City and County of Honolulu, Commit to Keiki, the Chamber of Commerce Hawaiʻi, the Commission on the Status of Women, Hawaiʻi Children’s Action Network Speaks, Parents for Public Schools of Hawaiʻi, and Kīʻoka Family Learning Centers. Supporters said the bill would reduce financial barriers, strengthen recruitment and retention, improve compensation and career pathways, and help address child care shortages and workforce instability. The committee then voted to pass HB 1872 with amendments, including an HD1 and a defective date to allow further discussion. The committee next took up HB 2489, which would appropriate funds for the University of Hawaiʻi to establish a bachelor’s degree program in American Sign Language interpretation, with a longer-term plan for a master’s program. Testimony in support came from the Disability Communication Access Board and the University of Hawaiʻi, and members also heard detailed support from DECAP and other advocates describing a statewide shortage of ASL interpreters, long waiting lists for ASL courses, and the need for locally trained interpreters who understand Hawaiʻi’s cultural and community needs. Witnesses said the shortage affects schools, courts, hospitals, emergency services, and other settings, and that the program could be expanded through articulation with other campuses. The committee voted to pass HB 2489 with amendments, again using an HD1 and defective date. After those two measures, the committee moved to HB 441 on campus safety, which would require students, including transfer students, to complete training on federal laws and university policies regarding sexual misconduct before initial registration and would change how often training is provided to students and employees. The University of Hawaiʻi stood on its written testimony, while supporters including IMUA Alliance and other testifiers urged passage, citing survivor experiences, national best practices, and the need for prevention before harm occurs. No vote on HB 441 was reached in the portion provided.

Transcript Highlights:

• <00:31:18.000> So<00:31:18.240> the the met council regional bonding.
• So the the met council regional bonding.
• in trunk highway bonds for state road<00:36:27.800> construction<00:36:28.800> and<00:
• to issue u bonding for certain uh<01:10:12.320> transit<01:10:12.719> projects.
• that authorization uh of um of bonding that authorization uh of um of bonding for<01:10:23.840><

Keywords: 1187, senate, all

Transcript Highlights:

• it was generated from those taxpayers it should go back to those taxpayers, either in paying down bond
• And if the school district used dead cash to pay off a bond, then that assessment would go completely
• first it would have a good ...them to pay off bonds first, it would have a greater impact to this.
• If they paid off a bond, that would right come off, and I think it could even be bigger for folks.
• And then, obviously, you save all that interest going forward also on that bond.

Bills: HB2143, HB2273, HB2290, HB2373, HB2784, HB2794, HB4037

Keywords: public safety, retirement system, investments, trust fund, board of trustees, financial report, income tax rebate, Pinal County, taxpayer eligibility, state revenue, financial assistance, transaction privilege tax, business location, tangible personal property, shared vehicle, sourcing, income tax, veterans, donations, tax refunds

Transcript Highlights:

• I've carried the bond multiple times in a row, as well as other measures to increase our financing for
• So with that, I respectfully ask for a no vote. ...and fees and bonds and indebtedness and things like
• It simply tells the voter if they want more information on that tax or a bond to see the voter guide.
• in a $100 million bond offering.
• in a $100 million bond offering.

Summary: The Assembly convened after a quorum call, prayer, and Pledge of Allegiance, then moved through a long floor file of bills. Early measures passed with little or no debate, including AB 698 on local transfer taxes and affordable housing analysis, AB 456 on mobile home sales, AB 1129 on reportable infant health conditions, AB 69 on Fair Plan insurance notices and voluntary market searches, AB 357 on expedited student and faculty housing permits, AB 383 on firearms code cleanups, AB 426 on drones interfering with emergency response, AB 825 on energy affordability and transmission financing, and AB 699 on ballot transparency for local tax and bond measures. Most of these bills passed unanimously or with strong bipartisan margins, while AB 825 drew the most extended debate over whether it would lower costs or expand state control of energy infrastructure; it ultimately passed 45-5. The most contentious item was AB 84, which would strengthen oversight of non-classroom-based charter schools and tighten accountability for charter spending and operations. Supporters argued it was needed to stop fraud and misuse of public education dollars, citing major scandals and audit findings, while opponents warned it would harm legitimate charter schools, reduce educational options, and disproportionately affect rural and special-needs students. Several members said they supported the bill only to keep negotiations going, and others urged more targeted or delayed action. After extensive debate and multiple amendments, the Assembly passed AB 84 on a 41-22 vote. The chamber also took up AB 610, a housing bill that would require cities and counties to disclose planned housing restrictions and limit new constraints for three years after housing element approval. The author framed it as a certainty and transparency measure to help address the state’s housing shortage, while noting continued discussions with local governments and housing advocates. The transcript ends with the bill’s presentation and request for an aye vote, with no final vote shown in the excerpt.

Transcript Highlights:

• The rest of our programs are funded through federal grants, bond proceeds, and appropriated receipts.
• If it's funded with over 50% private activity bonds, then they're entitled to our non-competitive tax
• I mean, I guess so when we issue bonds with a private activity bond authority that that's a federal resource
• And the mortgages are a little bit higher than what we have to pay on the bonds.
• So it's the whole bonding thing.

Keywords: 1184, house, all

Transcript Highlights:

• off of those funds that can turn, you know, this amount, you know, X amount of cash money into bonds
• off of those funds that can turn, you know, this amount, you know, X amount of cash money into bonds
• off of those funds that can turn, you know, this amount, you know, X amount of cash money into bonds
• off of those funds that can turn, you know, this amount, you know, X amount of cash money into bonds
• off of those funds that can turn, you know, this amount, you know, X amount of cash money into bonds

Keywords: 910, house, all

Summary: The committee on Energy and Environmental Protection heard several measures focused on water quality, waste management, aquifer protection, wastewater, and climate-related funding. SB 984 on water pollution drew opposition from DLNR and the Hawaii Cattlemen’s Council, with the latter arguing the bill could unfairly blame landowners for runoff caused by terrain and storm events; the chair noted there were also supporters and commenters submitted in writing. SB 639 on underground storage tanks received support from the Department of Health, the Board of Water Supply, and the Sierra Club, with testimony emphasizing environmental restoration standards after jet fuel releases; no opposition was noted in the live testimony. SB 946 on wastewater management was presented as clarifying that the ban on discharging wastewater or raw sewage into state waters applies to treatment plants, and it drew support from the County of Maui, DOH, and Hawaii Reef and Ocean Coalition, with no questions or opposition raised in the hearing. The committee also heard SB 438 on waste disposal facilities near significant aquifers. DOH and the Water Commission offered comments, while the City and County of Honolulu’s Department of Environmental Services opposed the bill because of a provision affecting ash recycling; the Board of Water Supply and Sierra Club supported the measure, and the Makakilo-Kapolei-Honokai Hale Neighborhood Board and Energy Justice Network raised concerns about fly ash and bottom ash recycling, landfill capacity, and potential contamination of aquifers. Testimony reflected a split between environmental protection concerns and arguments that the bill could block beneficial reuse of ash. The committee then took up HB 1395 on state funds, which would direct interest from the Emergency and Budget Reserve Fund to the general fund when the reserve exceeds the state’s target. The Governor’s office, emergency management, the State Energy Office, the Hawaiʻi Green Infrastructure Authority, the Nature Conservancy, and several other groups supported the bill’s climate-resilience intent, while the Tax Foundation and committee discussion raised concerns that the measure functioned mainly as a revenue transfer without a dedicated spending mechanism. Members discussed whether a special fund or legislative appropriation process would better ensure the money was used for climate mitigation and related projects.

Transcript Highlights:

• Actually, this is to authorize the university to issue revenue bonds.
• There are no projects of the University that have yet been identified as candidates for revenue bonds
• as candidates for revenue bonds however as candidates for revenue bonds however um<01:38:15.639> there
• Revenue bonds could be part of the solution.
• Senate Bill 1487, relating to the University revenue bonds.

Keywords: 912, senate, all

Summary: The hearing covered Senate Bill 426, which would create an early learning apprenticeship grant program. Testimony was overwhelmingly supportive from the City and County of Honolulu, the Department of Human Services, the Executive Office on Early Learning, the University of Hawaiʻi College of Education, the Attorney General’s office, the Early Childhood Action Strategy, Hawaii Children’s Action Network, the University of Hawaiʻi’s early childhood educator project, and a Zoom testifier who described the importance of investing in high-quality early childhood education. Committee discussion focused on the program’s estimated cost, with figures of about $14.5 million in 2025-26 and $15 million in 2026-27, and on whether the program would require ongoing base-budget funding. The committee recommended technical, non-substantive amendments, including a statewide-concern amendment and a deferred effective date, and both committees adopted the recommendation by vote. The committees then heard Senate Bill 1622, which would appropriate funds to establish the Aloha Intelligence Institute within the University of Hawaiʻi to support statewide artificial intelligence initiatives. University representatives described the proposal as the product of campus-wide input and outlined five pillars: governance and policy, outreach and engagement, research and development, workforce development, and AI tools for key sectors such as health care, creative industries, manufacturing, data science, astronomy, and climate change. Members questioned staffing distribution, tuition, enrollment timing, housing, campus placement, and whether positions would be permanent or temporary; the university said it planned about 10 positions across campuses, would start with internal resources, and would house the effort under the Vice President for Research and Innovation initially. The committees recommended an SD1 with the appropriation amounts blanked out, a July 31, 2050 effective date, and committee-report language on housing and West Oʻahu, and the higher education and labor/technology committees adopted the amended recommendation. Finally, the Higher Education Committee took up Senate Bill 1488, a housekeeping measure to consolidate existing University of Hawaiʻi conference center statutes into a single revolving fund structure, and Senate Bill 636, which would fund retention and internship coordinator positions and broader enrollment management efforts at the University of Hawaiʻi at Hilo. SB 1488 drew university support and no opposition. SB 636 prompted substantial questioning about Hilo’s declining enrollment, current retention rate of 72.8 percent, and the scope of the request, which includes not only two named positions but also about $432,000 for enrollment management initiatives such as data analysis, IT support, and other student services. Hilo said it is targeting 3 to 5 percent annual enrollment growth and that the positions would support recruitment, retention, internships, and data-driven enrollment strategy. The committee pressed for a clearer broader plan, but the discussion in the transcript ended before a final vote on SB 636 was shown.

Transcript Highlights:

• institutions, and certain activities of the Commonwealth for interest and sinking fund and serial bond
• not just because we are taking it up on time, but in a fashion that has us maintaining the highest bond
• The report also notes that the Commonwealth is maintaining the highest bond rating it has had, with over
• commissions, institutions, and certain activities of the Commonwealth's interest, sinking fund, and serial bond
• commissions, institutions, and certain activities of the Commonwealth for interest, sinking fund and serial bond

Keywords: 995, all

Summary: The Senate first took up and passed several House bills establishing sick leave banks, including House 4182 for a Massachusetts Department of Transportation employee and House 1590 for Eric J. Awaniak. It also advanced and then enacted House 4237, a fiscal year 2026 appropriations bill providing interim funding before final action on the general appropriations act. During the session, Senator Collins also recognized Chaplain Clementina Cherry of the Lewis D. Brown Peace Institute as a distinguished guest, with remarks entered into the record. The main business was the conference committee report on the fiscal year 2026 state budget, House 4001/House 4240. Senate Ways and Means leadership described the budget as balanced, on time, and fiscally responsible, with $61.01 billion in spending, no new taxes or fees, and a $33 million deposit to the stabilization fund. They highlighted major investments in Chapter 70 school aid, special education circuit breaker reimbursements, unrestricted local aid, MassEducate, universal free school meals, MBTA and regional transit funding, MassHealth, food security, and mental health services. The report also included policy items such as broker fee responsibility, fare-free regional transit, housing studies, a gold star family annuity provision, and a crumbling concrete commission. Minority leader Senator Tarr and others questioned the spending reductions, use of one-time funds, and the treatment of excess capital gains, arguing for greater fiscal caution and concern about future federal actions and long-term spending growth. Supporters responded that the reductions reflected revenue uncertainty, federal policy risks, and the need to preserve budget stability, while using some one-time sources to balance the plan. The conference report was adopted by a roll call vote of 38-2, the emergency preamble for House 4240 was approved by standing vote, and the FY26 general appropriations bill was then enacted and sent to the Governor. The Senate also adopted an order to dispense with printing a calendar for the next session and adjourned until Thursday at 11 a.m.

Transcript Highlights:

• There is a bond—there is a bond between veterans of all services and all the branches and so forth, and
• it is a bond hard to explain if you haven't been there.
• And I believe that there's a bond among the Senate as well—probably not the same as the bond between

Transcript Highlights:

• in Texas that continue collecting tolls long after the original construction costs and associated bond
• When the acquisition and construction costs have been paid and all bonds are either retired or fully
• It would double our revenue, with bonding capacity of $17 million that would allow about $350 million
• of additional revenue bonding capacity, which if you consider that the local, uh, local support for
• County will likely use the fee increase to impose its planned road diet because of their recent road bonds

Transcript Highlights:

• The scope Jay represents the values of Florida was strong family, bonds, cooperation, resilience.
• I am aware where's in some cases where if the financial bonding were, is some of those Sorenson's aand
• There's a there's a performance bond and a maintenance bond that I'm wondering if that is something major
• You know, I'm not a lot of performance and maintenance bond nearly with a municipality or county.

Keywords: 999, senate, all

Transcript Highlights:

• We do include some information on public finance authority bonding authorization.
• Those bonds were issued, and now we've been doing two sessions of bond payments on that at about $102.6
• The building authority—there's the option to do the lease payments, to do the bonding and structure as
• payments, bond splits, ACHs, wires.
• A school district needs to pass a bond issue before they can have access to this fund.

Summary: The committee took roll, approved the March 18 minutes, and then received a compliance-report update on the Industrial Commission and related funds and programs. Staff reviewed the status of one-time appropriations and grant programs, including electric grid resiliency, lignite research, enhanced oil recovery, the Clean Sustainable Energy Authority, the salt cavern business-case study, and the new NDSU research and technology park grant. Members asked about funding balances, reimbursement timing, matching requirements, and how some commitments would affect the State Investment Fund and future biennia. Industrial Commission staff then gave a broader update on the agency’s administrative office, grant management system, leadership transitions at several commission agencies, and active grant rounds. They reported that the grant management system is nearing completion, that several agency leadership searches have concluded, and that the commission’s grant programs currently have 108 active grants totaling more than $165 million. They also described the Clean Sustainable Energy Authority round, the oil and gas research program’s enhanced oil recovery awards, the grid resiliency grants, the salt cavern study, and the research technology park program, noting that some projects are awaiting federal funds or additional matching cash. Ron Ness, speaking for the Oil and Gas Research Council, focused on the state of the oil industry and the enhanced oil recovery “Bakken 2.0” effort. He said production remains steady, but future growth depends on better infrastructure, longer laterals, and new EOR methods such as CO2, natural gas, and surfactants. He emphasized the importance of the Bakkeneast pipeline and related gas-utilization projects, the recent DOE funding that will return some money to the research council, and the need to modernize tax and incentive rules for CO2-based recovery. Members discussed the potential economic benefits for oil, agriculture, and manufacturing. The Bank of North Dakota then presented its compliance report and a broader strategic update. Bank leadership reviewed the bank’s mission, governance, participation lending, student lending, disaster programs, and legislatively directed programs, and said the bank is managing for a flatter deposit base and stronger liquidity because of fintech competition and changing market conditions. They reported improved earnings, with net income rising to about $231 million, and described Rough Rider Coin as a new internal payment rail for North Dakota banks and credit unions, not a public cryptocurrency. Members asked about student loan eligibility, disaster lending, and the bank’s capacity to support state programs while maintaining its balance-sheet and liquidity requirements.