Transcript Highlights:

• The Department of Finance currently has separate savings and loans and mortgage transfer funds to receive
• deposits of the respective assessment fees and transfer funds to reimburse the finance funds for the
• $1,000 of their money in there for their business to cover transaction costs for having that account open
• I would recommend, and I don't know, you might know more than me, but that the words were transferred
• Just to keep the account open and to cover any accounting fees, statement fees, you know, any additional

Keywords: 959, house, all

Transcript Highlights:

• They pretty well outline everything that I've mentioned in my first opening remarks.
• It provides for the transfer, use, and deposit of state monies and various Treasury funds.
• It is a mechanism used for the transfer, deposit, and use of money among state funds.
• House Bill 313 is a mechanism used for the transfer, deposit, and use of money among state funds.
• This bill is frequently used as a vehicle to transfer money between funds and make necessary changes

Bills: HB1, HB2, HB3, HB312, HB313, HB314, HB383, HB983, HB1126, HCR3

Keywords: state budget, appropriations, education funding, public health, social services, government operations, state institutions, capital outlay, budget, infrastructure, appropriation, general obligation bonds, bond authorization, capital improvement, financial management, state treasury, funding, state general fund, local government, fiscal year

Transcript Highlights:

• They pretty well outline everything that I've mentioned in my first opening remarks.
• It provides for the transfer, use, and deposit of state monies and various Treasury funds.
• Funds Bill 313 is a mechanism used for the transfer, deposit, and use of money among state funds.
• This bill is frequently used as a vehicle to transfer money between funds and make necessary changes
• The agencies in this bill operate on fees, self-generated revenues, interagency transfers, statutory

Summary: Senate Finance met on May 21, 2026, with nine members present. The committee first recognized Mother Pearl Porter during a personal privilege presentation by Senator Boudreaux. It then took up the major budget measures for fiscal year 2026-27, beginning with HB 1, the general appropriation bill. The committee heard that the state budget was about $46.6 billion and that recent Revenue Estimating Conference revisions required reductions in recurring spending. Amendments removed new funding for GATOR and increased MFP amounts, while also directing Revenue Stabilization Fund dollars toward infrastructure, economic development, and local government needs. The committee adopted amendment set 4238 and reported HB 1 as amended, with authority for technical changes. The committee next considered HB 312, the supplemental appropriations bill for the current fiscal year. Members were told the amendments balanced the budget to the May REC forecast through a net reduction in state general fund spending, including savings in Medicaid and other agencies, while covering updated costs such as medical vendor administration, DCFS operations, DOC offender medical expenses, and disaster-related costs. Amendment set 4239 was adopted, and HB 312 was reported favorably as amended. HB 2, the capital outlay/infrastructure bill, was then amended with set 4230 and reported as amended. HB 3, the omnibus bond act authorizing bond usage for HB 2, had no amendments and was reported favorably. The committee also advanced HB 313, the funds bill, which includes the constitutionally required deposit of $144.3 million of FY 2025 surplus into the Budget Stabilization Fund and various transfers and fund adjustments. Amendments expanded or created several funds and mechanisms, including infrastructure and economic development-related funds, and HB 313 was reported favorably as amended. HB 314, the revenue sharing bill distributing the constitutionally mandated $90 million to local governments, was reported favorably without amendment. HB 383, the ancillary appropriations bill for fee-supported agencies, received amendment 3138 and was reported favorably as amended. HB 983, funding the judiciary, was amended to remove judicial pay adjustments and instead fund a possible transfer of the integrated criminal justice information system to the Supreme Court if SB 141 becomes law; it was reported favorably as amended. HB 1126, the legislative branch appropriations bill, was amended and reported favorably as amended. Finally, HCR 3, the hospital stabilization resolution used to support Medicaid hospital reimbursements, was amended to give LDH more flexibility on the timing of directed payments and preprint submissions, then reported as amended. The committee adjourned after a motion to do so.

Transcript Highlights:

• And did I hear you say that he didn't get a position that was open, and then he sued you, and then you
• Transfer Act.
• Transfer Act and for common law fraudulent transfer.
• , and sought to have the transfers voided and redirected to claimant.
• under the Arkansas Uniform Voidable Transfers Act.

Summary: The committee first reviewed litigation reports from the Department of Labor and Licensing involving wage claims brought under the Arkansas Minimum Wage Act. Members questioned the department’s authority, jurisdiction, use of attorney fees and costs, and whether defendants had to be licensed. The department explained it has long enforced wage and overtime laws, that the claims were small-dollar cases handled by investigators and counsel, and that one case had been paid and dismissed while others were unresolved or had service issues. The committee voted to review or batch-file the labor cases after discussion. The University of Arkansas System then reported three pending lawsuits: an age- and race-discrimination claim by a tenured professor that was resolved early; an ADA/FMLA retaliation claim by a former employee that survived in part on a motion to dismiss and was moving into discovery; and a Section 1983 claim against a UAMS sergeant arising from a parking-ticket dispute, with the university explaining that only punitive damages could create personal exposure for the officer. The committee reviewed each report and voted to accept them. The Department of Finance and Administration presented a proposed tax settlement reducing a sales-and-use tax assessment from about $48,000 to $20,000 and waiving interest and penalties, which the committee approved for review. The Claims Commission then presented several claims: an unpaid salary differential for a Department of Health employee, reissued warrants, unpaid DHS bills, and multiple negotiated settlements involving ATRS, UAMS, Arkansas State Police, and ARDOT. Members approved or affirmed most of these items, including a $65,000 settlement in the Tetronics/ATRS matter, a $150,000 medical-negligence settlement, and several vehicle-accident settlements. The most extended debate involved a tax-delinquent property sale claim by Sharon Greer and relatives. The claimant argued they were not properly notified and sought the $4,200 excess from the 2009 sale. Land Commissioner counsel explained the excess had escheated to the county after the statutory claim period expired, while members debated sovereign immunity, standing, heirs, and whether the committee could or should award money anyway. The committee ultimately chose to hold the matter over for further review in a future joint session rather than decide it immediately. The committee also heard appeals from dismissed claims, including a UAMS medical-negligence claim, a land-sale notice claim, a pothole claim against ARDOT, and a judicial-immunity claim against the Court of Appeals; most dismissals were affirmed, and the Simpson matter was held over for additional review after the claimant testified.

Transcript Highlights:

• I'm going back to, I can't remember what I think it was your opening page on page...
• Take to change the structure so that you have unlimited budget transfer authority.
• And that's with only a 1% transfer of funds from all these other assets.
• You can go anywhere in the world, and open it up, and there's your account.
• You can transfer that money anywhere. That's the beauty of the Bitcoin network.

Transcript Highlights:

• So, if you're thinking about opening up, or if you're thinking about allowing, say, a local bank to open
• And yet we can still do the same instantaneous transfers.
• Um we can track instantaneous transfers.
• All we are is a transfer agent that transfers value.
• Are you using an open, permissionless blockchain?

Keywords: 1189, house, all

Summary: The commission met to review stable tokens, real-world asset tokenization, and blockchain-based trust, approved the agenda and December 12 minutes, and heard a presentation from Anchorage Digital after postponing a planned Bitco presentation because of its IPO quiet period. Anchorage’s Melinda Delos, Joe Mioli, and Kevin Wasaki introduced the firm, describing it as a global digital assets platform and the first crypto-native institution in the U.S. to receive a federal banking charter. They said their approach emphasizes security, regulated custody and trading services, and responsible innovation for institutional clients, banks, states, and sovereigns. The presentation focused on post-Genius Act momentum in the stablecoin market. Anchorage said the law provided regulatory clarity and helped spur activity with major clients, including Athena, Tether, and Western Union. The speakers highlighted Western Union’s planned stablecoin as especially significant because it reflects adoption by a long-established traditional payments company, and they said the project illustrates how stablecoins can support programmable, real-time, interoperable payments. They also noted that Anchorage is providing issuance infrastructure for the Western Union project. The commission and presenters also discussed government uses of tokenized assets, including reserve legislation, digital assets for tax collection and fees, and a Marshall Islands initiative to use a tokenized sovereign bond for direct citizen payments. In response to a question, Anchorage said it would follow up on which states are using digital assets for revenue collection, mentioning Louisiana and Pennsylvania as examples. The banking discussion centered on remittances, instant payments, and interbank settlement, with Anchorage arguing that stablecoins can reduce settlement time, fees, and foreign exchange risk while improving traceability and auditability.

Transcript Highlights:

• You mentioned the employee transfers, and it's my understanding.
• Anything that they have gained in this transfer.
• Clerk, please open the roll.
• Clerk, please open the roll.
• Clerk, please open the roll.

Bills: SB1778, SB1570, SB134, SB1966, SB1636, SB1725, SB1726, SB259, SB504, SB592, SB2030, SB1572, SB843, SB1242, SB1255, SB1262, SB1264, SB1286, SB1581, SB1290, SB1316, SB1319, SB1369, SB1379, SB1381, SB1400, SB1427, SB1436, SB1461, SB1496, SB1509, SB1534, SB1553, SB904, SB1592, SB1645, SB1684, SB1767, SB1772, SB1813, SB1894, SB1928, SB1946, SB1980, SB2040, SB2060, SB2061

Keywords: reading instruction, literacy, educational equity, intervention services, third grade retention, Strong Readers Act, child welfare, child safety, administrative transition, Department of Child Safety and Well-being, Oklahoma Commission on Children and Youth, juvenile justice, foster care, retirement, public employees, reemployment, benefit adjustment, Oklahoma Public Employees Retirement System, memorial highways, bridge designations

Transcript Highlights:

• We have a transfer student completion rate for economically disadvantaged students that significantly
• We've worked very closely with HHS as they've planned. land, the hospital, we actually had to transfer
• Texas Division of Emergency Management, or TDEM, was transferred from the Department of Public Safety
• Research, Workforce Development, and Technology Transfer.
• Next slide talks about our open disasters.

Keywords: 1184, house, all

Transcript Highlights:

• To minimize cases being transferred around the state. So it's a great question.
• I'm very open to taking a fresh look at how we do all of that and why we do it.
• And transferring those cases. And if you address this, please forgive me. But.
• Being that, I'm going to transfer the gavel briefly over to Vice Chair Hagen-Booth.
• With that, let me just transfer this to you. I'll be right back.

Keywords: Texas Water Fund, water management, infrastructure funding, local governments, workforce development, community colleges, educational programs, sustainability

Summary: The meeting focused on several crucial issues, including the Texas Water Fund and its implications for development in the state. Various members highlighted the critical need for effective management of water resources, discussing the role of the Water Development Board and their strategies for outreach to local governments. The committee engaged in a thorough examination of funding projects and the sustainable financing necessary for communities facing challenges in meeting their infrastructure needs. Additionally, there was notable discussion regarding promoting workforce development and the alignment of educational programs with the demands of the job market as indicated by recent trends in community colleges.

Transcript Highlights:

• >> They didn't want to open the door up to >> They didn't want to open the door up to having
• But we're opening the door for a particular classification.
• But we're opening the door for a particular classification.
• I just don't want to be opening a are.
• Right now, there's no transfer; the transfer suspends any subdivision requirements.

Keywords: 1136, house, all

Transcript Highlights:

• Before that, my deepest apologies; I was hoping to open our session with a Native prayer.
• Are there other members of the committee who would like to offer any opening comments?
• It doesn’t have any opening comments. Okay. Thank you.
• In most cases, transfers still rely on dispatchers manually calling one another.
• . ...opening statement with a young individual from Kourouk’s people.

Keywords: 988, house, all

Transcript Highlights:

• We will open up the bill hearing for Senate Bill 466.
• So this is merely accompanying enabling language to transfer the program from HHS to NDA.
• But by this transfer, that would give them the manpower to be able to do the inspection.
• At this time, we’ll open up testimony in support.
• Chair, the public line is open and working and there are no callers for public comment.

Keywords: 909, all

Transcript Highlights:

• transfer funds to someone engaging in some sort of illicit activity, they can make that transfer and
• to be transferred to be transferred in<02:53:47.840> crypto in crypto in crypto dollars,<
• > they<02:53:58.479> knew transferred digitally because they knew transferred digitally
• With this direct ability to transfer dollars from one person to another, transfer them digitally, transfer
• the money is transferred.

Keywords: U.S. House of Representatives Floor Proceedings on Thursday, March 19, 2026, 1012, house, all

Transcript Highlights:

• presenters can use the entire 20 minutes for just their bill presentation, or if you'd like to leave it open
• I now open it up to questions or comments from the committee.
• There's a huge demand on water rights being transferred out of the Middle Rio Grande.
• It was not transferable, and it went to $250,000 and became transferable.
• Oh, we did this, this, this to transfer it, and now it looks like this.

Summary: The committee’s final day focused first on a historical overview of New Mexico tax packages by Pam Stokes of Legislative Council Services. She described how tax packages have alternated over the decades between tax relief, revenue raising, and tax reform, with examples ranging from the creation of the gross receipts tax in 1966 to major packages in 1981, 1986, 1991, 1994, 2005, 2019, 2022, 2024, and the vetoed 2025 package. Members discussed how tax policy often tracks revenue conditions, how packages can combine increases and decreases, and how local government gross receipts taxes and hold-harmless distributions have affected communities differently. Several members reflected on past packages, especially the 2004 food tax repeal and the 2013 film tax and manufacturing changes, and noted that tax policy can have major economic and political effects even when it is not “sexy” legislation. The committee then heard a proposal to expand the health care practitioner gross receipts tax deduction to include co-insurance, and to extend the sunset date. Sponsor Senator Figueroa said the bill was intended to help recruit and retain medical providers and build on prior deductions for co-pays and deductibles. Testimony explained that co-insurance is the patient’s share after the deductible, that providers currently absorb the gross receipts tax on those payments, and that the proposal would cost about $30 million to the state plus about $20 million to municipalities and counties, with the exact fiscal impact likely to be updated. Members raised concerns about the effect on local governments, whether insurers could be required to reimburse providers, whether the bill would actually attract doctors, and whether better evaluation measures and sunsets should be added. The sponsor said the bill was part of a broader set of efforts to address provider shortages and that the discussion would continue. Representative McQueen then presented a bill to update the Land Conservation Incentives Act. He and conservation partners said the program has protected more than 500,000 acres but has not kept pace with rising land values, especially for irrigated agricultural land in the Middle Rio Grande. The proposal would increase the percentage of conservation value eligible for the credit, raise the per-transaction cap from $250,000 to $2 million, and make the credit refundable rather than only transferable. Testimony emphasized that the program is voluntary, keeps land in private ownership and production, and helps land-rich, cash-poor landowners preserve farmland and water rights. Members asked about average credit amounts, how easements work, whether landowners could effectively buy land and then use the credit, and whether there should be inflation indexing or a statewide cap. The discussion also touched on water rights, fencing, and the role of conservation easements in protecting agricultural land and compact water deliveries. Finally, Senator Sharer previewed his 2% tax proposal with a historical presentation on New Mexico tax law, using props to illustrate the evolution from early territorial tax codes to the modern tax system. He argued that the state’s current tax structure is overly complex and that recent federal changes have disrupted the personal income tax base. The committee did not take any votes on the day’s presentations; the meeting was primarily informational, with members offering feedback and raising policy concerns for future sessions.

Transcript Highlights:

• to make that transfer happen, and so we'll have to clarify whether or not transfer authority is available
• <00:19:08.559> language have to look at the transfer language have to look at the transfer
• clarify whether or not you know transfer clarify whether or not you know transfer Authority<00:20
• sense um because we talk about transfer sense um because we talk about transfer again<00:43:12.079
• > uh<00:43:19.839> funds transfer authority to transfer uh funds transfer authority to transfer

Keywords: 1187, senate, all

Summary: The committee received an informational presentation from the Minnesota Office of Higher Education on the State Grant program and governor-recommended changes, with some discussion of North Star Promise. Staff explained that State Grant is the state’s largest financial aid program, intended to promote college access and choice for students with the highest financial need, and that it works alongside Pell Grants. They reviewed program eligibility, award calculation, and participation rules, and noted that the program serves a large share of low- and middle-income students, including many dependent students, student parents, BIPOC students, and adult learners. They also described how awards and spending are distributed across public and private institutions and how the agency projects spending using enrollment, tuition, and FAFSA data. A major focus was the current fiscal-year deficit in State Grant. Staff said the program is experiencing a shortfall driven by higher-than-expected enrollment, more students with greater financial need, and major FAFSA formula changes that increased the number of applicants with zero or negative student aid index values. They said the office has already rationed awards where allowed and imposed a FAFSA deadline for spring awards, and does not expect to fund some awards. Officials explained that if the program projects a surplus, they typically adjust the living and miscellaneous expense allowance to spend down funds; if it projects a deficit, they can increase student and family responsibility to reduce award sizes, but the program must stay within its appropriation. Senator Duckworth asked several questions about whether unused funds could be transferred between State Grant and North Star Promise, and how the two programs are treated. Staff said State Grant funds revert to the general fund at the end of the biennium, while North Star Promise uses a special revenue account, and that transfers may be possible but would need clarification under current authority. They referenced a prior legislative transfer from North Star Promise funds to cover a shortfall in the Fostering Independence Grant and said they would follow up on the exact transfer authority. No votes or formal actions were taken during the presentation and discussion.

Transcript Highlights:

• So, moving a transfer of $1 million a year from the appropriation section to the transfer section.
• to this transfer section.
• So in transfer section of the bill.
• section to the transfer appropriation section to the transfer section.<00:08:51.279> On<00:08
• Then I'll jump down to the transfer Then I'll jump down to the transfer section<00:09:23.920>

Keywords: 1187, senate, all

Transcript Highlights:

• And then the total on line 59, the total spending of all funds, including the statutory and open for
• The governor had recommended an open appropriation out of the fund.
• And if you go to the very last page, um, on line 311 through 12, there's just a transfer that needs to
• The governor had recommended an open The governor had recommended an open appropriation<00:04:32.320
• 311 through 12, there's just a transfer 311 through 12, there's just a transfer that<00:04:54.240

Bills: HF2439

Keywords: environmental protection, pollution reduction, waste management, climate change, funding allocations, 1183, house

Transcript Highlights:

• We did open bids this summer.
• We have the ditch open, we're putting pipe in the ground.
• So it's kind of hard to quantify because we have open application.
• And with that, I can obviously go on for a long period of time, but I'll open it for questions.
• And we've been fairly transparent with everybody and having open conversations.

Summary: The Water Topics Overview Committee met to receive interim status updates on several water-related studies and Department of Water Resources projects. The committee approved the March 26, 2026 minutes, observed a moment of silence for the late Representative Conmy, and then heard updates on the watershed management study and the stormwater/wastewater study. Staff reported that the committee had already received the testimony contemplated in the study plans, including input from state agencies, local governments, and out-of-state entities, and that any further action would be at the committee’s discretion. The Department of Water Resources then provided project and budget updates on NAWS and the Southwest Pipeline Project. Reese reported NAWS is expected to serve about 81,000 users, with a total projected cost of about $571 million and about $96 million remaining, while the Southwest Pipeline Project is estimated at $1.06 billion total with about $409 million remaining. Members asked about funding sources, capacity needs, and whether current and future construction is being designed for increased demand; department staff said current work is designed for ultimate capacity, but some future components may need redesign based on new requests. The committee also discussed local cost shares, Minot’s role in NAWS funding, and whether the system is adequate for peak demand. A major portion of the meeting focused on the department’s cash management, carryover, and long-term water funding outlook. The department said Resources Trust Fund revenues are tied to oil extraction taxes and are affected by stripper well exemptions and future oil price declines. Members expressed concern about large carryover balances and whether the state is obligating more money than can realistically be spent in a biennium. The department reported about $340.6 million in remaining carryover and said it is trying to reduce that through a two-tier pre-construction/construction process and closer project vetting. The department also summarized the Deloitte studies on regional governance and finance and on cost-share policy. Stakeholders generally favored keeping the current governance structures for NAWS and Southwest with improvements, while Red River stakeholders leaned toward a different option; the department said it will bring an implementation plan back in September. On cost share, Deloitte’s recommendations would reduce some percentages, prioritize projects differently, and use other measures to close a projected long-term funding gap. Members debated affordability, local burden, deferred maintenance, and whether statutory changes may be needed to allow the commission more flexibility in prioritizing and funding projects. No formal votes or final actions were taken beyond approving the minutes and receiving the updates.

Transcript Highlights:

• And with that, I'm going to open it up for committee member introductory comments.
• It does also open up opportunities for other financing mechanisms such as bonding.
• to the high-speed rail, ride to Gilroy, transfer to Caltrain, and get to the Bay Area.
• rail, ride to Gilroy, transfer to the Caltrain, and, you know, get to the Bay Area.
• As you know, open burning is no longer allowed in the Central Valley.

Summary: The Budget Subcommittee No. 4 hearing focused on the Greenhouse Gas Reduction Fund (GGRF) and cap-and-trade reauthorization, with members and panelists discussing how to balance climate goals, affordability, and legislative oversight. The chair emphasized the hearing as a broad review of past GGRF spending and future options, while the LAO outlined how GGRF revenues are generated, how variable they have been, and the tradeoffs between continuous appropriations and annual budget control. Two academic panelists, Dr. Kyle Meng and Danny Cullen Ward, argued that cap-and-trade remains an effective climate policy, but stressed that future revenue will depend heavily on market design, allowance allocation, and price levels. They also raised the idea that GGRF could be used more directly for affordability, especially by lowering electricity costs, and for targeted investments in technologies that the market would not otherwise support. Committee members pressed the panelists on where revenues come from, how much has actually been spent, and whether continuous appropriations reduce oversight. CARB staff said more than $33 billion has been generated to date and a little over $11–12 billion has been spent, with the rest committed or in process, and noted that project timelines can be lengthy. Members also asked about ways to lower electricity rates, reduce wildfire-related utility liabilities, and support electrification. The panelists said transportation fuels are the largest source of GGRF revenue, that industrial emitters receive a smaller share of free allowances, and that reducing wildfire liability and investing in grid-scale batteries could help lower costs and speed decarbonization. Public commenters largely urged the Legislature to preserve or expand continuous appropriations for specific climate programs. Speakers supported funding for nature-based solutions, natural and working lands, urban greening, agricultural climate solutions, waste and composting programs, clean transportation, AB 617 community air protection, clean cars, transit, affordable housing near transit, and dairy digesters. Several groups argued these programs are cost-effective, provide public health and affordability benefits, and should receive dedicated shares of GGRF. Others urged reducing free allowances and using more GGRF revenue to directly lower energy costs for households. No votes were taken during the hearing.

Transcript Highlights:

• Sheel, please open the machine and members proceed to vote.
• Sheel, please open the machine and Mr.
• > machine<02:04:13.840> and Sheel, please open the machine and Sheel, please open the machine
• Sheel, please open the machine and Mr.
• Sheel, please open the machine and Mr.

Keywords: 981, all