Video & Transcript Research : 'DFA'

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NM

New Mexico 2025 Regular Session

IC - Legislative Health and Human Services Jul 21st, 2025

Legislative Health & Human Services Committee

Transcript Highlights:
  • The DFA for the housing office, which if you want to film me, and I think that was $120 million that
  • is what you were referencing, and that was funding to the Department of Finance and Administration (DFA
  • moving to workforce, I think that has created a lot of pause with funding getting out the door, with DFA
  • And I think, post-veto, both DFA and Workforce were trying to figure out where this funding should be
AR

Arkansas 2026 Regular Session

CODE REVISION COMMISSION Apr 9th, 2026

CODE REVISION COMMISSION

Transcript Highlights:
  • We're also working with DFA, and we had a meeting with them this week about this.
  • don't believe we found any that appeared obsolete on their face to us, but it's my understanding that DFA
  • serving next January is that this might be a good opportunity to get with the BLR fiscal staff and DFA
Summary: The commission approved the prior meeting minutes and then adopted the annual authorization for expense reimbursement for commissioners under Arkansas Code 25-16-902. Members noted that legislative commissioners would not receive reimbursement for the meeting day itself, consistent with their understanding of legislative per diem rules. The commission next considered LexisNexis pricing and replacement volume proposals. Company representatives proposed roughly a 7% price increase, citing higher costs and the Producer Price Index, and recommended replacing three volumes in 2026 and four in 2027 based on supplement size and age. Members asked about pricing for the public, the criteria for selecting replacement volumes, and the number of state sets sold. LexisNexis said the state pricing was tied to the public price structure and explained that replacement decisions are driven by keeping supplements manageable and volumes current. The commission approved the pricing and replacement volumes. Senator Tucker also raised the possibility of a statewide legal research contract for circuit judges, and LexisNexis said it would connect him with its sales team. Staff then updated the commission on the funds codification project. They reported reviewing state treasury funds and identifying many that are codified in more than one place, with the goal of moving the technical creation language into Title 19 only and repealing duplicative language elsewhere. The project is intended for inclusion in a fall technical corrections bill, after coordination with BLR Fiscal and DFA. Members discussed whether obsolete funds could also be identified for possible cleanup legislation, and staff said DFA maintains a list of obsolete funds and that any such information could be incorporated into future technical corrections work. The commission concluded by noting that no further business was expected before a later fall meeting to review technical corrections, and then adjourned.
NM

New Mexico 2026 Regular Session

House - Appropriations and Finance Jan 13th, 2026 at 01:35 pm

House Appropriations & Finance

Transcript Highlights:
  • generally takes the lure of two general fund budget recommendations, whether that's the LFC or the DFA
  • am the LFC Analyst for DDC and with me today is Alice McCoy, the Executive Director of DDC, and my DFA
  • two slides are going to be what our budget request was and what has been recommended by the LFC and DFA
  • We're grateful to DFA for putting it into the special. An appropriation recommendation.
  • However, if we receive the DFA budget of $489,000, we have some room to begin to grow back towards what
Keywords: 996, all
AR

Arkansas 2026 1st Special Session

JBC-PERSONNEL Apr 21st, 2026

JBC-PERSONNEL

Transcript Highlights:
  • If anybody's here, someone from the Governor's Office, Corrections, or DFA...
  • Someone from the Governor's Office, Corrections, or DFA come to the table.
  • Jim Hudson, Secretary, DFA. My name is Lee Watson. I serve on the Board of Corrections.
Summary: The committee took up several budget and personnel items, first approving revised requests from the Auditor’s Office and the Lieutenant Governor’s Office. The Auditor’s request lowered its salary-and-match increases to 10 percent, with operations and UCP amounts reduced to $245,490 and $109,711. The Lieutenant Governor’s revised request kept positions at line-item maximums and sought $99,876 in regular salary and match appropriations, or 17.43 percent. Both items were approved without objection. The main discussion centered on a member amendment from Senator Rice to Senate Bill 30 affecting the Governor’s Office. The amendment would eliminate one senior advisor position, reduce authorized positions from 59 to 58, and cut salaries and matching funds by a total of $264,895. Senator Rice argued the reduction was warranted because of concerns about former Corrections Secretary Joe Profury’s handling of corrections-related matters, including the Franklin County land purchase, transparency issues, and his refusal to appear before Joint Performance Review. Several members questioned the relevance of the testimony and noted the Governor could still hire him in another role if she chose. After discussion, a roll call vote was taken and the amendment failed. The committee then approved two routine items: OPM’s request to reinstate a labor market rate at the crime lab so it can offer up to $300,000 to recruit two medical examiners, and Arkansas State University-Jonesboro’s request for 11 positions tied to the new veterinary medicine school. Both requests were approved, and the meeting adjourned after all agenda items were completed.
AR
Transcript Highlights:
  • Chairman, Jim Hudson, Secretary DFA, and you know, number one rule in public speaking is don't follow
  • He is running the program out of DFA, and he's doing an exceptional job.
  • The governor asked the DFA to take a lead on this because we can run the program pretty efficiently.
  • Is that only DFA internally? Is that local health care providers that are part of a committee?
  • Is that only DFA internally? Is that local health care providers that are part of a committee?
Summary: The committee heard extensive public testimony from youth advocates and public health speakers urging action on vaping. Witnesses said flavored products and social media are driving youth use in Arkansas, described nicotine addiction and health harms, and asked lawmakers to prohibit vaping in public indoor spaces, align vape rules with smoke-free laws, and expand prevention efforts. Committee members thanked the speakers and encouraged them to continue building support for future legislation. The main presentation was an overview of Arkansas’s Rural Health Transformation Program, a five-year federal initiative funded through CMS. State officials said Arkansas received about $209 million for the first year and may receive roughly $1 billion over five years if performance is strong. They emphasized that the program is intended for targeted, locally driven transformation rather than general operating support, debt relief, or new construction, and outlined four initiatives: Heart, PACT, Rise, and Thrive, focused on prevention, access and coordination, workforce development, and technology. Officials said applications would open in the spring, with a reimbursement-based process and a goal of launching all four initiatives by June. Members asked detailed questions about eligibility, rural definitions, school gardens, faith-based and nonprofit partnerships, mobile clinics, EMS, behavioral health, residency slots, and whether urban providers serving rural patients could apply. Officials said the program would favor regional collaboration, could support targeted renovations and expansion of existing programs, and would allow residency growth and some equipment or infrastructure purchases, but not food purchases or permanent new construction. They also said a committee of state health and finance officials would review applications, with heavy technical assistance and an expectation of quick turnaround. The committee also reviewed two DHS/Health Department rules. One implemented Medicaid and CHIP coverage and care coordination for eligible incarcerated youth before and after release, including targeted case management and screening services, with no public comments received. The other updated audiology licensing rules to reflect recent acts expanding scope of practice and changing the renewal deadline. Both rules were reviewed without objection, and the committee adjourned.
AR

Arkansas 2026 Regular Session

ARKANSAS LEGISLATIVE COUNCIL (ALC) Mar 20th, 2026

ARKANSAS LEGISLATIVE COUNCIL (ALC)

Transcript Highlights:
  • Jim Hudson, Secretary of DFA. Leslie Fiske, Secretary of Shared Administrative Services.
  • Senator, AIS is a kind of a shared responsibility between DFA.
  • DFA has primary responsibility for that. SAS also has some responsibilities.
  • Well, the company that holds the portion of ACEs that's not state DFA or Shared Services—who is that?
  • It's strictly an SAP product that the state has licensed, and so DFA is in charge of that portion, which
Keywords: 1204, all
AR

Arkansas 2026 1st Special Session

JOINT BUDGET COMMITTEE Apr 28th, 2026

JOINT BUDGET COMMITTEE

Transcript Highlights:
  • The cover letter submitted by DFA Accounting states that they have reviewed and submitted three projects
  • That moves us to J. letter submitted by DFA accounting states that they have reviewed and submitted three
  • Number seven, DFA Child Support Enforcement with Rock Dock for strategy services for the Office of Child
  • Number eight, DFA Revenue Services with Veteran Cleaning Service for janitorial services in the Ragland
Summary: The committee considered and approved several temporary appropriation requests in Section B, including spending authority for the Court of Appeals to pay appointed counsel in criminal appeals, Commerce/Aeronautics airport and aviation grants, and Insurance Department items for workers’ compensation benefits and premium tax refunds. It also approved ARPA-related requests in Section C to return unused federal funds from DHS aging, mental health, substance abuse, and Older Americans Act grants. In Section D, the committee reviewed and approved Infrastructure Investment and Jobs Act requests, including Agriculture grants for wildfire preparedness and forestry capacity, a large Commerce broadband BEAD request, environmental recycling-related reallocations, and Oil and Gas Commission grants for facility repairs and sample preservation. Members questioned the broadband program’s audit process and performance safeguards; the State Broadband Director said the funds are federal, subject to audits, and payments are released only after engineering certification of completed work. The committee also approved DHS reallocations in Section E, including major transfers within Medical Services from hospital medical appropriations to private and public nursing home lines, as well as transfers for children and family services, developmental disabilities, and youth services. The committee then reviewed cash fund requests, miscellaneous federal grants, pay plan and performance fund transfers, methods of finance, and a large set of contracts. A Northwest Arkansas Community College official explained storm-damage repairs and insurance settlement issues, and DHS explained its hospital medical transfer was moving excess appropriation rather than cash. Members also questioned several UAPB tobacco prevention subgrants, especially arts-based outreach, and asked for more data on effectiveness; the committee later voted to expunge and re-refer the J-2 item for further review at a later ALC meeting. Additional discussion covered a DEQ grant to Free Geek of Arkansas for e-waste recycling, a UAPB tobacco program, and various contracts for universities, DHS services, corrections, and public safety. The meeting ended with reports filed for information and a brief member comment thanking others for concern after a tornado in Stone County; no one was injured.
AR

Arkansas 2026 Regular Session

JOINT BUDGET COMMITTEE Apr 28th, 2026

JOINT BUDGET COMMITTEE

Transcript Highlights:
  • The cover letter submitted by DFA Accounting states that they have reviewed and submitted three projects
  • That moves us to item J. letter submitted by DFA accounting states that they have reviewed and submitted
  • Number seven, DFA Child Support Enforcement with Rock Dock for strategy services of the Office of Child
  • Number eight, DFA Revenue Services with Veteran Cleaning Service for janitorial services in the Ragland
Summary: The committee heard a series of appropriation requests and contract reviews across multiple sections. In Section B, members approved temporary appropriations for the Court of Appeals, Commerce/Aeronautics, and Insurance-related payments and refunds. Section C ARPA requests from DHS were approved to return unused federal funds. Section D infrastructure-related appropriations, including wildfire preparedness, broadband BEAD funding, forestry support, recycling, and oil and gas sample preservation, were approved after questions about broadband audit controls and performance safeguards. Section E DHS reallocations were approved, including large transfers within Medical Services from hospital medical to private and public nursing home lines, along with smaller transfers for children and family services, developmental disabilities, and youth services; members asked about the source and purpose of the medical services transfer. Sections F and G were reviewed, covering cash fund requests, federal grants, and miscellaneous grants, including community college storm repairs, corrections commissary and maintenance, 911 enhancements, maternal health, disability determinations, state police equipment, digital newspaper archiving, and CDL data improvements. In Section H, the committee reviewed pay plan appropriations and performance fund transfers tied to the new Class and Comp pay plan. Section I reviewed three methods of finance for UA Little Rock, UAMS, and the University of Arkansas system. In Section J, the committee reviewed discretionary grants, including a $1.4 million HIV services grant and nine tobacco prevention subgrants through UAPB. Members questioned the effectiveness, metrics, and addresses of some tobacco-cessation arts-based grantees, especially Arts Absolutely Inc.; after discussion, Representative Kavanaugh moved to expunge the vote on J2 and refer it back for review at a later ALC meeting, and that motion passed. J3, a Department of Energy and Environment grant for propane safety training and e-waste recycling services, was then reviewed. The committee also reviewed contracts in Section K. K-1 ratified emergency management nuclear planning work performed during a transition between agencies. K-2 construction contracts included architectural and engineering services for corrections, National Park College signage, a Razorback Road parking facility, and UAMS cyclotron installation. K-3 intergovernmental contracts covered health, education, autism waiver, stroke, newborn screening, Medicaid evidence review, and radiation testing services. K-4 out-of-state contracts included staffing, IT, tobacco prevention, audit, marketing, planetarium, recruitment, and janitorial services; Senator Irvin noted one contract appeared to belong in the out-of-state list rather than intergovernmental. K-5 in-state contracts covered staffing, cleaning, re-entry and treatment services, foster care and disability services, hearing officers, asbestos abatement, campus IT support, and janitorial work. The meeting ended after a brief personal update from Senator Irvin about tornado damage in Stone County and thanks to members for their concern, followed by adjournment.
AR

Arkansas 2026 Regular Session

JOINT BUDGET COMMITTEE Apr 14th, 2026

JOINT BUDGET COMMITTEE

Transcript Highlights:
  • Chairman, which is a request to amend Senate Bill 2, DFA Assessment Coordination Division.
  • This is a request to amend House Bill 1051, DFA Regulatory Division. There are two requests here.
  • There's DFA for the pregnancy transfers from general revenue allotment reserve, which is a surplus transfer
  • That is for DFA for the pregnancy resource centers, for $3.5 million; for DHS, for senior centers, for
  • That is for DFA for the pregnancy resource centers, for $3.5 million; for DHS, for senior centers, for
Keywords: 1204, all
NM

New Mexico 2026 Regular Session

House - Appropriations and Finance Jan 15th, 2026 at 01:32 pm

House Appropriations & Finance

Transcript Highlights:
  • We also mentioned that we heard earlier from the DFA Secretary, perhaps, is the bonding rate.
  • I'd like to motion that LFC and DFA give the committee a revised figure that gets the SIC halfway to
  • I'm an analyst at DFA. As Joey said, both budgets are very, very similar.
  • I also want to thank both agencies, LLC and DFA, for all their work in looking at it.
  • It was very similar to DFA in that we matched.
Keywords: 996, all
NM

New Mexico 2025 Regular Session

Senate - Conservation Feb 4th, 2025

Senate Conservation

Transcript Highlights:
  • And then the other thing that the FIR said was that normally the fund is transferred by DFA and not given
  • Then DFA has to make the transfer, right?
  • I don't know what the balance of the fund is today, but there is money in DFA.
  • DFA, Department of Finance.
  • The executive order, the money at DFA would be the quickest approach to that.
MS

Mississippi 2026 Regular Session

Appropriations - Room 216, 15 January, 2026; 2:00 PM

Appropriations

Transcript Highlights:
  • Year that DFA warned us of. Uh, and so I just want to let everybody know we are a small agency.
  • Those clerks send their fees directly to DFA. It does not come directly to us.
  • Those clerks send collected by DFA.
  • It does not their fees directly to DFA.
  • actually been dispersed to AOC from DFA. actually been dispersed to AOC from DFA.
Summary: The meeting began with a budget presentation from the Office of Capital Post Conviction. Director Chrissy Noble described the office’s work representing death-row clients in state postconviction, federal habeas, clemency, and related matters, and said the Legislature has historically funded the office with enough flexibility to handle unpredictable cases. She highlighted four pending actual-innocence cases, including matters involving false forensics and a shaken-baby syndrome challenge, and noted that such cases often require multiple experts. She also cited a recent example where the office was appointed to a case shortly before an execution date was set, and said flexible spending authority allowed the office to secure experts and file on time. The office asked to retain any remaining special-fund cash balance into FY26 and said it had not requested additional salary funding for FY26 because the increase was already handled through flexibility; members praised the office’s work and no vote was taken. The committee then heard from the Ethics Commission. Staff explained requests for salary realignment, additional funding for a part-time hearing officer who handles public records and open meetings cases, and a small amount for fuel/food that was described as a system-related placeholder. The commission said it had a backlog because complaints have become more numerous and complex, and that more funding would allow the hearing officer to process more cases. Members also discussed a prior $10,000 system request that had lapsed and was later found to have been underestimated; the commission said the earlier figure came from an initial quote and the later $25,000 estimate reflected the actual cost. The chairman and members commended the commission’s work, and no formal action was taken. Finally, the Administrative Office of Courts presented its budget requests. The office outlined a deficit appropriation request tied to county-funded court reporter increases, funding for two newly appointed judges, special-judge appointment costs, and death benefits for a court administrator in Warren County. The discussion then focused on judicial salaries, with the office noting Mississippi ranks near the bottom nationally in trial and Supreme Court judge pay, though a cost-of-living adjustment would place the state around 27th. The office said its request follows State Personnel Board recommendations and that it is also seeking a possible increase in filing fees to support the Judicial Operations Fund, which helps cover salary costs not paid from general funds. Members discussed redistricting, special appointments, and the possibility of using fee revenue rather than general funds to support future increases; no vote was taken.
NM

New Mexico 2025 Regular Session

IC - Legislative Finance Oct 14th, 2025

Transcript Highlights:
  • It's great to have LASC and DFA here as well.
  • And I'll just say, I'm Simon Miller, I'm an analyst for DFA. Thanks for having me back.
  • With that comes the partnership with LESC, DFA, and PED.
  • By July 1, those initial evaluation plans were due from PED to LESC, LFC, and DFA staff.
  • Thanks to DFA. LASC, CORS LSC, thanks to PED as well.
NM

New Mexico 2026 Regular Session

IC - Legislative Finance Apr 27th, 2026

Transcript Highlights:
  • If you have more information, we can certainly follow up with DFA and the COGs to make sure people know
  • This also includes administrative controls that could mean DFA instructing agencies to hold vacancies
  • We successfully have already worked with DFA to push those dates up to September 1st.
  • with their agencies, with secretaries, with the, you know, whoever else would like to be included, DFA
  • every single agency comes into our office, meets with likely our director, their budget analyst, the DFA
AR

Arkansas 2026 1st Special Session

LEGISLATIVE JOINT AUDITING Jun 5th, 2026

LEGISLATIVE JOINT AUDITING

Transcript Highlights:
  • After the agenda was posted, we have a two-page summary provided by DFA that is up here, if you would
  • The ACFERS financial statements, which were prepared by DFA, include the following entities.
  • These changes were not justified, nor were they properly filed with the DFA Office of Accounting.
  • Jim Hudson, Secretary D.F.A., Andy Babbitt, DFA. Thank you, gentlemen. You know the drill.
  • This is not nested within DFA, okay. Mr.
Summary: The committee met to adopt prior minutes and reports from its executive and standing committees, including counties and municipalities, educational institutions, and state agencies. Those reports covered routine audit activity, delinquent private water and sewer audits, municipal accounting compliance issues, education audit findings, and several state agency audit items. The committee also reviewed and adopted the State of Arkansas annual comprehensive financial report for fiscal year 2025 and the related single audit report, both presented by Legislative Audit staff. The state financial report showed unmodified opinions on the state’s financial statements and described total assets of about $41.9 billion and liabilities of about $11.1 billion, along with retirement system assets of $39.9 billion and a net pension liability of $9 billion. Two material weaknesses were identified: insufficient internal controls at the Office of State Technology to monitor threats and unauthorized access, and a Division of Workforce Services methodology change for unemployment-related estimates that was not properly documented or approved. The single audit covered $12.4 billion in federal awards across 469 programs, with 16 major programs reviewed; it resulted in 33 findings, 14 with questioned costs totaling $16.6 million, and qualified opinions for the Summer EBT program, the Coronavirus Capital Projects Fund, and the Child Care Development Fund cluster. Members questioned agency officials in detail about the Summer EBT questioned costs, DHS unresolved findings, broadband grant documentation, cyber security controls, workers’ compensation liabilities, and child care funding and reporting. DHS explained that the Summer EBT issue involved drawing federal funds in advance rather than as benefits were redeemed, and said the process has been corrected. Broadband officials said the questioned $6.6 million reflected documentation-detail disagreements across many invoices rather than missing payments. OST officials described new logging, endpoint detection, and phishing-training efforts, and DFA and Education officials addressed specific audit findings and corrective actions. The committee ultimately moved to hold the two large statewide reports over until the August meeting for further review, with discussion continuing on whether to release some agency staff in the meantime.
NM

New Mexico 2025 Regular Session

IC - Legislative Finance May 13th, 2025

Transcript Highlights:
  • other uh landowner and when everybody gets their, their payment and we've got like information from DFA
  • people that worked with the AEAS, and so, um, we were given a $2 million emergency contract through DFA
  • It's EWP, Emergency Watershed Protection money that's flowing through DFA.
  • The other thing we possibly can do, I've talked to DFA is with these EWPs, with these people that have
  • Our budgets have to be approved by DFA, um, so, but what has happened because especially those that didn't
AR

Arkansas 2026 1st Special Session

JBC-PEER REVIEW Apr 15th, 2026

JBC-PEER REVIEW

Transcript Highlights:
  • I may have to defer to DFA for a more exact answer, but my understanding is this is an appropriation
  • Jim Hudson, the Secretary of DFA. I didn't hear all the questions.
  • The cover letter submitted by DFA accounting states they have reviewed and submitted 17 projects for
  • Jim Hudson, Secretary DFA.
  • And I think that that requires the expertise of not only DFA, but also DHS, that I would assume that
Summary: The PEER Review Subcommittee met to consider a large agenda of budget, appropriation, transfer, and contract items. Members approved temporary appropriation requests for several agencies, including the Auditor of State, Department of Education, and Labor and Licensing; ARPA return requests from Workforce Services; Infrastructure Investment and Jobs Act requests for State Police and Agriculture; restricted reserve transfers for teacher scholarships, school facilities, and economic stimulus; a Commerce reallocation of positions and spending authority; cash fund, budget classification, overtime, and pay plan requests; and 17 methods of finance items for universities and other agencies. Most items were approved without objection after brief explanations from staff and agencies. Several items drew questions and were held or discussed further. A Department of Human Services discretionary grant package for the RSVP program was held over after Senator Irvin raised concerns about whether the grants were an effective use of state general revenue and asked for more information on administration costs and program operations. In the contracts section, Representative Richardson questioned a DHS sole-source contract with EMS Link for document management software and a DHS contract with Presidio; the EMS Link item was held for additional answers, while the Presidio item was clarified as not sole-source and was allowed to proceed. Members also asked for more information on a Department of Education mental health referral contract with Care Solace, which officials said is a statewide concierge/referral service connecting students to Arkansas providers and telehealth options. The committee also reviewed monthly reports, including the Medicaid Trust Fund. DHS and DFA officials said the fund was currently sufficient to finish the fiscal year, though it was being drawn down and would likely require a $100 million transfer from restricted reserves in FY27, with another $100 million set aside in the governor’s budget as a backstop. Members discussed the need to define a minimum reserve level and to better account for ongoing Medicaid costs in the budget. The meeting ended with no further business and adjournment.
AR

Arkansas 2026 Regular Session

ALC-REVIEW Jun 16th, 2026

ALC-REVIEW

Transcript Highlights:
  • Number 35 is with DFA Revenue Services and New Mo Records LLC.
  • Contracts 68 and 69 are both with DFA Child Support Enforcement.
  • This is for operations, maintenance, support, and enhancement of ARCSIS. 71, DFA Management Services
  • This is for services, maintenance, and development for DMZ hosting. 71, DFA Management Services with
Summary: The committee met to review a supplemental agenda, procurement rule revisions, methods of finance, discretionary grants, contracts, and a member disclosure. The Office of State Procurement presented rule changes tied to 2025 legislative changes, including Act 782, with updates to sole-source definitions, unrealistic bids, protest requirements, debarment procedures, and recodification references; the committee voted to accept the supplemental agenda and approve the rules. Members also approved eight methods of finance covering university repairs, equipment replacement, property purchase, and capital projects, along with a large slate of discretionary grants for courts, health, DHS, historic preservation, and tobacco prevention programs. The committee then reviewed RFQs and six ratifications. The ratifications included a Workforce Connections payment to ACT WorkKeys, Department of Health costs from an ice-storm-related water leak, a large Department of Public Safety ratification for Motorola’s Arkansas Wireless Information Network upgrade, Veterans Affairs HVAC and medical-service payments, and a UA Little Rock painting contract. The Department of Public Safety ratification drew extended questioning about why the expired Motorola contract had not been renewed sooner and why the issue took months to reach the committee; agency officials said the project was bond-funded, had not been tracked in ASIS, and involved ongoing negotiations and system updates. Despite concerns, the committee approved the ratifications. Members also reviewed a long list of construction, intergovernmental, out-of-state, and in-state contracts, including numerous university, DHS, health, corrections, and state agency agreements. Several contracts were discussed in more detail, including an SAU custodial contract question about sales tax and transparency reporting, and Department of Corrections aerial application contracts for Tucker and Cummins farms, which officials said served separate facilities in different parts of the state. The committee approved the contract lists, reviewed reports, and accepted a disclosure from Representative Andrew Collins regarding his investment interest in a company leasing property to Arkansas Rehabilitation Services before adjourning.
NM

New Mexico 2025 Regular Session

IC - Investments and Pensions Oversight Sep 12th, 2025

Investments & Pensions Oversight Committee

Transcript Highlights:
  • They need to have billions on hand when those transfers, you know, when that button is pushed at DFA.
  • So, Madam Chair, I think there Will be some discussion about this with the LFC and with DFA, trying to
  • With DFA, kind of trying to track down every dollar that has been spent, and that number should be coming
  • I don't think it's been finalized yet with DFA, but it will be coming soon.
MS

Mississippi 2026 Regular Session

Appropriations - Room 216, 3 February, 2026; 1:30 PM

Appropriations

Transcript Highlights:
  • We're empowering DFA, through the leadership and discretion of the governor, to spend those monies on
  • The first month that report isn't filed, they'll be notified by DFA that they haven't.
  • <00:07:14.800> of<00:07:14.880> the DFA through the leadership of the DFA through the
  • <00:08:24.800> So,<00:08:24.960> in by DFA that they haven't.
  • So, in by DFA that they haven't.
Summary: The committee first heard a proposal to consolidate small or outdated Treasury and agency accounts into pooled investment accounts so idle balances could earn interest and administrative costs could be reduced. Senator DuPree asked whether the change would also eliminate old accounts, and the sponsor said it would close outdated accounts and move funds where they could earn interest. The committee then voted title sufficient, do pass. Senate Bill 2694, described as the biomarker bill, would require mandatory biomarker testing for diagnosis, treatment, management, and monitoring of certain conditions when supported by medical and scientific evidence and nationally recognized clinical guidelines. The bill would apply to health insurance policies written in the state after September 1, 2026, require written reasons for denials, and include reporting requirements back to the Legislature. The sponsor estimated a total cost of about $5.2 million, with roughly $1 million as the state share, and the committee voted title sufficient, do pass. The committee then took up the ARPA bill, which would accelerate the spending deadline from December 31 to September 30 and create three buckets for remaining funds: $100 million for MDOT, about $62 million for lost revenue to help offset insurance costs, and any additional funds to be handled by DFA under the governor’s discretion within ARPA rules. Senators asked about lists of projects, the risk of rushing money out the door, and whether local city and county projects could be repurposed; sponsors said the bill is aimed at keeping funds from being returned to Washington and that projects already in process should be nudged to completion, while unused funds could be clawed back after missed reporting or reimbursement requests. The committee also discussed prior technical problems with some completed projects and said those cases would likely require separate legislative action. The committee voted title sufficient, do pass, committee sub. Finally, the committee considered Senate Bill 2578, which creates a small municipality match fund to help cities under 10,000 population meet the 20% local match needed for discretionary federal and state grants. The chair clarified that the bill establishes the fund but does not create a funding source, and the sponsor confirmed that point. The committee then voted title sufficient, do pass.