Transcript Highlights:

• School districts that operate a high school must provide a mandatory one-half credit...
• School districts that operate a high school must provide a mandatory one-half credit standalone course
• Credit awarded to students who complete the civics course must be applied to social studies credit requirements
• : performance audits, tax preference reviews, and sunset reviews.
• Credits and grades are often barriers for students to succeed in our current systems.

Bills: HB1295 , HB2007 , HB2262 , HB2636

Committee: House Education

Keywords: reading instruction, structured literacy, early literacy, dyslexia, phonics, phonological awareness, language comprehension, vocabulary, fluency, oral language, orthographic knowledge, multi-tiered system of supports, MTSS, screening assessments, intervention, reading intervention, elementary education, kindergarten, first grade, second grade

Transcript Highlights:

• This is an issue that is forcing them to put homeowners insurance on credit cards.
• This is an issue that is forcing them to put homeowners insurance on credit cards.
• If you had to do the audits in person or in the field, If you had to do the audits in person or in the
• The policy limits would only come up in an audit.
• So some information doesn’t come up until you need an audit? Correct.

Committee: House Insurance

Keywords: 965, house, all

Transcript Highlights:

• Department operations internal auditing, Senate.
• Department operations contractual audits, Senate. 6.200 audit program offset. Audit program offset.
• Division of Energy, Wood Energy Tax Credit. Please, Senate, to $1 million.
• Audits, Senate. 6.225 is House. 6.225 is House.
• We go to page 26. 6.340, Wood Energy Tax Credit, Senate.

Committee: House Conference Committee on Budget

Keywords: 959, house, all

Transcript Highlights:

• Department operations internal auditing, Senate.
• Department Operation Contractual Audits, Senate. 6.200 audit program offset. I'm sorry.
• Audit program offset. The top one was Senate. The second 6.200 Internal Audit unit was Senate.
• Division of Energy Wood Energy Tax Credit. Division of Energy, Wood Energy Tax Credit.
• Audits, Senate. 6.225 is House.

Committee: House Conference Committee on Budget

Summary: The conference committee spent most of the meeting working through House Bill 2, the education budget, with repeated debate over how to close the remaining gap in the foundation formula. Members discussed fund swaps involving the blind pension fund, capital commission fund, lottery proceeds, state school money, and classroom trust funds, with several senators arguing the committee should fully fund the formula if possible and warning against leaving schools with a shortfall. The committee also reviewed child care subsidies, Parents as Teachers language, school safety and assessment-related items, Title I reallocation language, and a compromise on flexibility percentages for certain education lines. Several members raised concerns about language restricting virtual Parents as Teachers visits and about child care subsidy language tied to enrollment-based payment and prospective payment, while others defended the compromise as a way to balance provider concerns and budget limits. House Bill 3, covering higher education, was also reviewed. The committee largely accepted Senate positions on appropriations, with a compromise on the St. Louis Community College nursing program and a new proposal directing the Department of Higher Education to develop a new funding model by December 1, 2026. That language drew concern from some members, who said the timeline was too aggressive and asked for more flexibility, but supporters said prior work on performance funding justified the deadline. The committee then moved through House Bill 2004, transportation, agreeing to a mix of Senate positions and compromises on items such as safety operations, low-volume roads, port funding, and road improvements, including a larger-than-expected appropriation for Clarendon Road tied to a State Fair relocation plan. House Bill 5, general administration and IT, generated the most controversy over new language directing a plan for state IT modernization and cloud migration; several members objected that it was too prescriptive, resembled a resolution, and could favor a specific vendor, but the chair said the goal was accountability and oversight. The committee left some House Bill 5 items open for further negotiation, then later returned to finalize several dollar amounts and a shorter conference proposal on the IT language. The committee also worked through House Bills 7, 8, and 9, mostly adopting Senate positions with a few compromises. House Bill 7 covered economic development and tourism items, including Main Street, Missouri One Start, broadband, Juneteenth, and the Great American State Fair, with some items set aside for later or moved to other bills. House Bill 8 focused on public safety and veterans’ funding, including school safety apps, fentanyl testing, crime lab workload, DNA testing, veterans’ programs, and Highway Patrol fleet and fuel items; members debated whether to keep fleet and fuel funding separated or rolled together, and several items were set at compromise levels. House Bill 9, covering mental health and corrections, was handled more briefly, with most items following Senate positions and a few compromises, including probation and parole funding and a reduction on one appropriation. The committee then recessed and later resumed with House Bill 2010, beginning work on another budget bill with a mix of Senate, House, and compromise positions on early line items, but the transcript cuts off before that bill is completed.

Transcript Highlights:

• We felt that auditing them in three months would be nothing to audit, other than an exercise in futility
• Most of these revisions relate to the following issues that were raised in the audit report.
• further questions or comments, please let me know. ...today, and I want you all to know that this audit
• They have been through multiple audits and reviews, and this bill aims to address the issues identified
• Their audit was not where we wanted it to be, and so the sunset has taken a position where we really

Bills: HB159 , HB110 , HB114 , HB115 , HB116 , HB123 , HB125

Committee: House Boards, Agencies and Commissions

Keywords: U.S. Space and Rocket Center, Alabama Space Science Exhibit Commission, public facilities, space exploration, education programs, bond issuance, Governor involvement, HB110, sunset bill, Alabama Sunset Law, State Board of Medical Examiners, Medical Licensure Commission, medical licensing, physician regulation, healthcare regulation, professional licensing, ethics law, state ethics code, public servants, board members

Transcript Highlights:

• Madam Chair and members, House Concord Resolution, 2058, access comprehensive claim audits, subject to
• vote or approval, require the comprehensive audit of Arizona's Medicaid program administered by the
• I would like to say that it's, you know, they love to do audits on all of our agencies and our public
• Tom Horn has not complied with an audit of the ESA program that dates back prior to the Universal program
• Madam Chair, members, House Bill 4037, individual income tax credit education, allows for a parent of

Keywords: 1182, all

Summary: The caucus reviewed a long list of bills and resolutions, with staff giving brief descriptions and members flagging which items were on consent, had unanimous committee votes, or should be pulled for further discussion. Topics included education, health care, public safety, labor, water, taxation, housing, and elections. Several measures were noted as party-line or mixed votes, while many others were reported as unanimous and placed on third-read or consent calendars. Among the more discussed items were bills on school and labor policy, including a proposal to prohibit teacher strikes, a measure restricting school district bond actions, a bill requiring school safety protocols and assigning felony penalties for noncompliance, and a resolution limiting public money for labor organization activities. Members also raised concerns or requested further review on bills involving pharmacist testing authority, expired opioid antagonists, a county sheriff-related measure, a housing affordability district proposal, and a tobacco/vape regulation bill. Some measures were explicitly pulled from consent, including a Medicaid audit resolution, a budget-related pay-withholding resolution, and several education and public safety bills. The caucus also heard multiple health and human services measures, such as genetic counselor licensing, nursing board and pharmacy board continuations, foster care rights, psychiatry access funding, and free school meals. In addition, there were water and energy bills on Colorado River management, groundwater, transmission-line review, and renewable energy valuation, plus election and campaign-related proposals. The meeting ended with announcements, including an upcoming Colorado River breakfast briefing and an internal award recognizing Representative Brian Garcia, followed by adjournment.

Transcript Highlights:

• </c><00:14:16.759><c> program</c> implementing a new tax credit program implementing a new tax credit
• </c> third party must U verify or audit third party must U verify or audit within<00:19:31.640><c> that
• We agree with the Renewable Fuels Coalition position to strike the import tax credit in entirety.
• first come, first served aspect of that tax credit, and the state does have other tax credits which do
• </c><00:58:47.440><c> section</c> remove the import tax credit section remove the import tax credit section

Committee: House Economic Development & Technology

Keywords: 910, house, all

Summary: The Committee on Economic Development and Technology heard testimony on HB 976, a measure related to incentives for renewable fuels, including renewable diesel and sustainable aviation fuel. Supporters said the bill would help close the cost gap between renewable and conventional fuels, strengthen Hawaii’s energy security, support climate goals, and encourage local economic development. Testifiers from Pono Pacific, PAR Hawaii, Hawaiian Electric, Hawaiian Airlines/Alaska Airlines, the Hawaii Department of Transportation, Pacific Biodiesel, Aloha Carbon, and others described ongoing or planned projects, local feedstock development, and potential benefits for agriculture, waste diversion, and emissions reductions. Several testifiers also discussed proposed amendments. The Hawaii Renewable Fuels Coalition said it wanted to remove the import tax credit, eliminate the aggregate cap increase to avoid additional state funding, and revise local-production language to rely on a carbon-intensity threshold rather than location-based preferences. The Tax Foundation of Hawaii raised technical concerns about the bill’s administration, including prorating credits if the cap is exceeded and the feasibility of a 30-day filing window. Some supporters urged keeping solid waste, including construction and demolition debris, as eligible feedstock, while Energy Justice Network opposed that approach and also urged removing GMO-related language and waste-based feedstocks because of environmental and toxic emissions concerns. Opposition testimony focused on the bill’s cost and feasibility. Energy Justice Network and Ted Metros argued the measure could become a large subsidy for a refinery and questioned whether Hawaii has enough land and water to produce meaningful quantities of biofuel locally. Metros also criticized the refundable credit structure and said the state should not bear the cost for what he described as a benefit largely tied to tourism and imported fuel. No vote was taken during the portion of the hearing provided; the chair later noted the committee had received 13 testimonies in support, 18 in opposition, and seven comments, and then invited further discussion on cost allocation and lowering caps to broaden participation.

Transcript Highlights:

• I know there were numerous issues that came up on the audit.
• an insufficient number or type of credits are available.
• and it wants to mitigate, there just aren't, at that moment in time, credits available.
• It's just an attempt to find more credits.
• Because more credits are being purchased.

Transcript Highlights:

• So I want to turn to the audits.
• two I wanted to follow up on, one of which is several audits in itself.
• staff—is that in addition to the audit of the state, there were also audits for two local jurisdictions
• staff, is that in addition to the audit of the state, there were also audits for two local jurisdictions
• We do regular audits.

Summary: The Senate Budget and Fiscal Review Subcommittee 4 met to hear an information-only agenda focused on homelessness. The chair and vice chair opened with remarks about affordability, accountability, and the need for flexible but effective state responses. The committee then heard an update from Dr. Ryan Finnegan of UC Berkeley’s Turner Center on homelessness trends, data limitations, and program impacts. He said homelessness remains high, with 2024 point-in-time counts showing about 187,000 people experiencing homelessness statewide, though unsheltered homelessness has declined somewhat as shelter capacity expanded. He emphasized that California’s high housing costs and shortage of affordable housing are the main drivers, while also noting persistent racial disparities, high chronic homelessness, and the importance of coordinated housing, health, and social services. He also warned that cuts or changes to federal programs and state funding streams like HAP could threaten progress. Members questioned Dr. Finnegan about the 9% decline in unsheltered homelessness, the timing and methodology of point-in-time counts, how to interpret trends over time, and the role of policy changes such as Housing First, Proposition 47, and Martin v. Boise. He explained that the 9% figure came from 30 continuums of care that had completed 2025 counts, and that HUD’s eventual statewide number would likely differ because not all regions counted that year. He also discussed how different funding sources are layered in local programs, including HAP, local funds, philanthropic support, federal funds, and CalAIM reimbursements. Several members stressed the need for clearer, more comparable measures of effectiveness and outcomes, including whether programs reduce long-term homelessness and move people toward self-sufficiency. The committee then heard from the California Interagency Council on Homelessness on statewide data systems, especially the Homeless Data Integration System (HDIS). Staff described HDIS as the first state-level integrated homelessness data system, built from local HMIS data and used to track demographics, services, outcomes, and program performance across all 44 continuums of care. They said HDIS has enabled statewide dashboards, system performance measures, and new accountability tools under AB 977 and AB 799. Cal ICH also said HAP Round 4 was highly cost-effective under the State Auditor’s methodology, estimating a cost of about $9,172 per person permanently housed, and that new AB 799 dashboards are intended to provide clearer public reporting on outcomes, fiscal data, and progress toward statewide goals. Members asked about measuring self-sufficiency, identifying the best local partners, detecting fraud, and whether the new dashboards will allow better comparisons among program types and funding uses. No votes were taken, and the one scheduled vote was postponed.

Transcript Highlights:

• That is accurate, yes. >> If there's a money transfer store and they're going to be audited for this,
• Well, I just know that audits are very intensive and a lot of times you want to have your paper to show
• A commercial bank or trust, private banker, credit union, thrift—those are all exempted.
• Ensures they are properly bonded and have a data security control policy and audit.
• This requirement must not increase the number of state required credits for graduation.

Keywords: MS Senate Floor - 1 April, 2026; 10:00 AM, 925, all

Transcript Highlights:

• </c> remove the requirement that the audit remove the requirement that the audit include<00:03:57.040
• ,</c> if someone we're asking to do the audit, if someone we're asking to do the audit, I<00:04:06.560
• </c> that, but transferring their credits. that, but transferring their credits.
• this as a credit or nonredit?
• You have to take credit for... respectfully, I'm not taking credit for...

Bills: SB2003

Committee: Senate Water, Land, Culture and the Arts

Keywords: Mauna Kea, land management, University of Hawaii, astronomical observatories, leasable lands, natural resource management, stewardship authority, 912, senate, all

Summary: The joint committees on Water, Land, Culture, and the Arts and Education heard testimony and discussed SB 20003, which would require the auditor’s report under Act 255 to include a recommendation on whether the Monarch Stewardship and Oversight Authority is fit to continue managing Monaca lands. Testimony focused on the bill’s reversion language, the role of the auditor, and whether the measure gave the auditor too much discretion without clear criteria. The Office of the Auditor’s position, read into the record, was that it had strong reservations because the bill did not provide standards for assessing fitness and asked that the requirement be held or amended. Other testimony suggested a work group with relevant agencies and Hawaiian practitioners to manage the transition and reduce conflict. Committee members debated whether the bill should simply restore the original reversion language or also require an audit-based fitness determination. Several members questioned the need for a 2031 audit when Act 255 already provides for a performance and financial audit in 2031 and noted that the bill could shift authority away from the legislature. In response, the committee chair explained that the measure was intended to restore language removed during conference and to address the transition back to the University of Hawaii if the authority was not meeting the act’s purpose. The committees ultimately recommended SB 20003 be passed with amendments. The amendments would strike the auditor/audit section, add language addressing timelines by providing a 10-year lease extension and sublease extension, and make technical changes including a defective date. The committees voted to adopt the amended measure and send it forward as an SD1. The transcript also included a separate Education Committee hearing on SB 3286, which would require the University of Hawaii to develop a facilities and student housing master plan and report to the legislature. University of Hawaii testimony said the system supports the intent but that the bill’s requirements are a heavy lift across 10 campuses and should follow development of a broader academic strategy. Members raised concerns about deferred maintenance, shifting priorities, and the lack of a systemwide plan, while the university said it already has a six-year capital improvement plan but acknowledged it does not fully incorporate the broader academic and housing strategy the bill contemplates.

Transcript Highlights:

• [snorts] Senate File 62, Legislature Reorganization of Department of Audit, sponsor Management Audit.
• [snorts] Senate File 62, Legislature Reorganization of Department of Audit, sponsor Management Audit.
• [snorts] Senate File 62, Legislature Reorganization of Department of Audit, sponsor Management Audit.
• Senate file 77, homeowner audit.
• They are not credit cards. debit cards. They are not credit cards.

Keywords: 916, all

Transcript Highlights:

• 61, such credits shall be approved by the local government or special district.
• PERFORMANCE AUDITS EVALUATE THE EFFECTIVENESS OF PUBLIC PROGRAMS AND FINANCIAL AUDITS TO ENSURE FINANCIAL
• SO TOO WOULD THE AUDIT FINDINGS AND RECOMMENDATIONS.
• WE TALK ABOUT INSPECTORS GENERAL AND AUDITING.
• OTHER STATES ARE JEALOUS OF FLORIDA LEGISLATURE AND AUDIT.

Bills: SB 2 , HB 2 , HB 2000 , HB 2196 , HB 213 , HB 222 , HB 645 , HB 1458 , HB 1022 , HB 141 , HB 502 , HB 643 , HB 3093 , HB 1700 , HB 117 , SB 503 , SB 2 , HB 120 , HB 20 , HB 150 , HB 6 , HB 100 , HB 210 , HB 215 , HB 1393 , HB 1151 , HB 1268 , HB 142 , HB 451 , HB 124 , HB 2 , HB 2000 , HB 2196 , HB 213 , HB 222 , HB 645 , HB 1458 , HB 1022 , HB 141 , HB 502 , HB 643 , HB 3093 , HB 1700 , HB 117

Keywords: public education, teacher compensation, certification, funding, school finance, educator rights, education funding, charter schools, staff compensation, state aid, retention allotment, child grooming, sex offender registration, criminal justice, reportable conviction, law enforcement, virtual education, hybrid learning, school funding, average daily attendance

Transcript Highlights:

• /c><00:09:15.200><c> the</c> audit the executive branch we audit the audit the executive branch we audit
• ><c> and</c> well audit CPA's Financial Audits and well audit CPA's Financial Audits and that<00:11:55.680
• </c><00:11:58.600><c> the</c> audit division does they audit the audit division does they audit the state's
• </c><00:39:17.200><c> audit</c> presented this to the audit audit presented this to the audit audit commission
• audit performance audits like financial audit performance audits like this<01:42:03.080><c> one</c><

Committee: Senate State and Local Government

Keywords: 1187, senate, all

Transcript Highlights:

• As mentioned earlier by Atlas Agro, the federal 45V clean hydrogen production tax credit provides $3
• However, we know that Congress has shortened the time frame for this tax credit.
• the gun to move projects forward to ensure that Washington is able to benefit from this federal tax credit
• SB 5971 will help unlock federal tax credit funding to launch Washington's green fertilizer industry,
• So I will give the department credit.

Summary: The committee heard public testimony on Senate Bill 5816, which would add juice grapes to Washington’s Agricultural Marketing and Fair Practices Act. Staff explained that the bill would allow juice grape producers to form an accredited association to negotiate with processors under the same timelines used for pears, and the prime sponsor said the measure was intended to help growers obtain fairer prices. A grape grower testified that Washington producers face a small number of buyers, little real negotiation, and prices far below New York’s, arguing the bill would give growers a way to bargain collectively. The public hearing closed with 47 people noted in support and one in opposition. The committee then heard Senate Bill 5971, which would create a green fertilizer incentive program for low-carbon nitrogen fertilizer production and use in Washington. Staff described the bill as directing WSDA to establish the program, adopt rules by 2028, and report to the Legislature, with costs shown in the fiscal note. The prime sponsor and several supporters, including Atlas Agro, a port representative, labor, NRDC, WSDA, the League of Women Voters, and the Washington State Potato Commission, said the bill could reduce greenhouse gas emissions, support local manufacturing and jobs, stabilize fertilizer supply and prices for farmers, and help Washington compete for federal clean hydrogen tax credits. WSDA said the program was implementable with consultation and that the Climate Commitment Act could be a funding source, though it noted rulemaking costs. The committee then held a work session on commercial shellfish fee assessments after the Department of Health adopted major fee increases for shellfish licensing and certification. Shellfish growers and association representatives said the increases—described as ranging from roughly 233% to 789% overall, with some individual licenses rising much more—would hit small and family farms hardest, could force closures, and were based on a fee structure they said is outdated and not tied well to production. DOH explained that the program has long relied on general fund support, that federal shellfish safety requirements must be maintained, and that the new fees are intended to move the program toward full cost recovery after years without increases. The department said it had used a phased approach, reopened rulemaking to look for a fairer structure, and would continue working with industry and the Legislature; no vote was taken during the work session.

Transcript Highlights:

• We have credit recovery at the high school.
• We have credit recovery at the high school.
• Our partner program, Stride, provides us the curriculum and also helps us audit every single program
• In our high school, we offer CTE and credit recovery.
• It's a third-year social studies credit.

Summary: The committee met to hear an overview of Washington’s alternative learning experience (ALE) programs and then an update on artificial intelligence in schools. OSPI’s Anissa Sherritt explained that ALE is a course-level funding designation for instruction that occurs partly or wholly away from the traditional seat-time model, with online, site-based, and remote course types. She emphasized that ALE is still basic education, subject to the same public school requirements, and that OSPI provides technical assistance, annual reporting review, and program reviews. Representatives from several programs described different models: Washington Virtual Academy (a large online ALE operated through Omak School District and partnered with for-profit Stride), Columbia Virtual Academy in Valley School District (a district-run, nonprofit online/remote program), Pearl in Quilcene (a K-8 remote parent partnership program), and River Home Link in Battleground (a site-based hybrid program). They discussed student supports, special education, enrichment, family choice, transportation, and how they measure outcomes. Members asked for follow-up information on funding, demographics, racial and ethnic data, multilingual learners, and post-graduation outcomes, and OSPI agreed to provide additional data where available. The committee then heard from OSPI and several districts about AI guidance and implementation. OSPI’s Holly Ryan Calloway described the agency’s human-centered AI framework, three guidance documents for schools, statewide professional learning, an AI innovation summit, and new AI literacy and informatics course frameworks and CIP codes. Quincy School District described a multi-year effort to integrate AI by centering student needs, creating district policy and classroom guidance, and training teachers to use AI responsibly while building an AI readiness plan from elementary through high school. Peninsula School District described its AI action research team, teacher professional learning, and classroom uses of generative AI to support science instruction, communication, and prompt engineering, while stressing that AI should enhance rather than replace learning. Members raised questions about privacy, energy and water use, prompt engineering, workforce and university connections, and the need for clear standards and ongoing educator training. No votes were taken.

Transcript Highlights:

• More concerning, however, is the requirement that these audits be made public.
• More concerning, however, is the requirement that these audits be made public.
• It is related to the audits being... ...is a valid concern.
• Emily Doe with the California Credit Union League in opposition.
• I will credit the governor.

Summary: The committee first heard AB 56, which would require social media platforms to display a warning label about potential mental health harms from prolonged use, with amendments shortening the initial warning and allowing immediate access to the platform. The author and supporters, including a parent who lost a daughter to suicide and a therapist, argued that social media contributes to teen anxiety, self-harm, and other harms and that families need clearer public health information. Opponents from tech and civil liberties groups argued the bill would be ineffective, burdensome, and likely unconstitutional, saying it would create warning fatigue and should be replaced by more targeted tools and digital literacy measures. Several members discussed emergency access concerns, language access, and whether the warning should be more actionable; the bill was moved on a 9-0 vote to the Judiciary Committee. The committee then took up AB 358, which would amend CalECPA to allow law enforcement, with the victim’s consent, to inspect certain abandoned tracking or surveillance devices found in a victim’s home, vehicle, or personal property without first obtaining a warrant. The author and a San Diego prosecutor said the bill is narrowly tailored to devices used solely for spying and is intended to help stalking and domestic violence survivors act quickly before evidence is lost. Opponents from EFF and the ACLU warned the bill would weaken warrant protections, create a loophole around CalECPA, and reduce transparency and accountability. Members debated Fourth Amendment issues, abandonment, and the practical need for rapid access; the bill passed the committee on a 9-0 vote to Appropriations. The committee also heard AB 1137, which builds on last year’s CSAM reporting law by allowing any user to report child sexual abuse material, requiring clearer reporting mechanisms, adding human review in some cases, and mandating third-party audits and public reporting. Supporters, including survivor advocates and a parent of a child victim, said the bill would reduce the burden on survivors and improve removal of abusive content. Tech industry opponents said they support the goal but objected to the human-review mandate, public audit disclosures, and enforcement provisions, arguing they could create security risks and compliance burdens. Members generally supported the bill’s intent but raised questions about audit frequency and human review; the bill was moved on call with seven votes at the time of the transcript.

Transcript Highlights:

• Actually here you Credit lending loss.
• Credit overlays the entire ecosystem.
• Credit and lending can be expanded.
• </c> Uh credit and lending can be expanded. Uh credit and lending can be expanded.
• Our smart contract has been audited audited audited and<01:40:56.480><c> fully</c><01:40:56.760><c> vetted

Keywords: 1189, house, all

Summary: The meeting opened with roll call, confirmation of a quorum, and approval of the April 6 and May 4 minutes, with minor corrections noted to the May minutes. The main presentation came from JD of Link Network, introduced by Dan Cohen, who described Link’s work with crypto.com and other market participants on tokenized money market funds and real-time settlement for institutional clients. JD gave a detailed history of his earlier work developing the Arca U.S. Treasury Fund and ArCoin, emphasizing that the project was built within existing SEC and 1940 Act frameworks and was intended to use blockchain technology for a traditional asset rather than create a crypto product. He said the effort involved years of discussions with the SEC, multiple custodians, and partners such as U.S. Bank, T-Zero Securities, and Tassat, and that the model eventually led to Link’s settlement system. He highlighted concerns that shaped the design, including regulatory compliance, privacy for institutional users, and the need to bridge traditional banking hours with 24/7 digital asset markets. The presentation also described Link’s features, including segregated and bankruptcy-remote fund structures, tokenized deposit and treasury fund settlement, and “yield in transit,” which allows interest to accrue and be distributed daily down to a two-second block. JD said the platform is being expanded for use cases such as exchange liquidity, cross-border capital movement, off-exchange collateral, stablecoin bridging, treasury management, and peer-to-peer settlement. He closed by posing policy questions for the commission about the use cases for stablecoins versus tokenized money market funds in New Hampshire and whether the state could issue or administer a security-based program with appropriate compliance controls.

Transcript Highlights:

• So the path forward isn't through a tax credit, the P, which is a refundable tax credit.
• credits by far, right?
• The film credit at least has a cap. The solar credit doesn’t, and it’s rising every year.
• credits by far, right.
• credits by far, right?

Committee: House Finance

Keywords: 910, house, all

Transcript Highlights:

• And then also this amendment authorizes the extension of credit for qualified patrons.
• The amendment authorizes the extension of credit for qualified patrons. Any questions?
• These are budgeted, auditable support costs.
• This is the model we used for risk-limiting audits and post-election audits: having an audit specialist

Summary: The committee held a special hearing on a tentative amended, restated gaming compact between the State of Washington and the Squaxin Island Tribe. Washington State Gambling Commission Director Tina Griffin said the state and tribe had reached tentative agreement after collaborative negotiations, and explained the approval process: public comment and a commission vote with ex officio legislative members, followed by governor review, tribal submission to the Secretary of the Interior, and Federal Register publication before the compact becomes effective. Squaxin Island representative Ray Peters said the tribe supports the amendments, describing them as clarifications that improve casino regulation and align the compact with other state compacts while supporting jobs and funding for housing, health care, and other services. Commission staff member Johnny Bray walked through the compact changes, including restating several appendices, removing the CX2 addendum, and adding new appendices on limitations and electronic table games. He said the limitations appendix raises certain wagering and facility ceilings, including higher table-game and tribal lottery system limits, authorization for credit for qualified patrons, and screening requirements for high-limit areas. He also described the new electronic table games appendix, which allows wager limits up to $500 and a nine-to-one ratio of electronic games to gaming stations, along with additional responsible-gaming commitments. Members asked about the location of the tribe and whether higher limits could increase problem gambling; staff said the limits are ceilings, other tribes already have similar authorizations, and the tribe must screen patrons and implement protections. The committee then held a work session with Secretary of State Steve Hobbs and staff on the office’s fiscal note process. Tim Gallivan explained the office’s three-day turnaround, workload-based FTE estimates, use of assumptions and ranges, and how fiscal notes include both salary/benefit costs and broader operating costs such as enterprise support and administration allocations. He also described how litigation costs are estimated in coordination with the Attorney General, including when costs are known, estimated from comparable cases, or marked indeterminate. Members questioned whether fiscal notes can reflect policy disagreements and how assumptions differ across agencies, and discussed examples involving the Washington Voting Rights Act and ranked choice voting. Hobbs and staff said fiscal notes are based on bill language, not intent, and that early sponsor contact can help refine estimates. No votes were taken in the work session.