Video & Transcript : 'statement of financial interests' :

Page 82 of 500
KY
Transcript Highlights:
  • We're losing thousands of acres a day, um, of our farmland.
  • We're losing thousands of acres a day, um, of our farmland.
  • of Kentucky.
  • </c><00:15:17.440><c> of</c><00:15:18.079><c> pumps,</c> regardless of the number of of of pumps, regardless
  • of the number of of of pumps, I<00:15:18.639><c> guess,</c><00:15:18.800><c> or</c><00:15:19.600><c>
Summary: The House Budget Review Subcommittee on General Government met for its third meeting, approved the minutes, and heard a budget presentation from the Kentucky Department of Agriculture. Department representatives Brandon Reid, Lee Macintosh, and Mark Bolan outlined the agency’s funding mix and requested support for several priorities in House Bill 500, including continuation of existing items, county fair grants, and an additional $5 million for the new economic development fund. They also discussed a capital request to replace two aging scale trucks, noting the vehicles are from 2002 and 2006 and have become unreliable and expensive to repair. The department emphasized several additional needs: funding to begin regulating and inspecting electric vehicle charging stations through the weights and measures division, retention and recruitment funding after losing 108 employees over three years, and a request to pay off tobacco-related debt service so more money can flow through the tobacco formula. They also cited House Bill 417, filed by Speaker Osborne, as supporting farmland preservation, saying the agency has a program ready but needs funding to implement it. Officials said the farm-to-food-banks and rural mental health items in the budget were acceptable as reduced by the tobacco formula. Members asked questions about pump inspection fees and staffing losses. The department said the inspection fee is $100 per station, not per pump, and that the same fee applies even to larger stations. On retention and recruitment, officials said the cost of turnover is significant but they did not have a dollar estimate. No votes were taken beyond the motion to approve the minutes, and the meeting ended with a motion to adjourn.
AL

Alabama 2026 Regular Session

Alabama Senate Judiciary Committee Jan 28th, 2026

Judiciary

Transcript Highlights:
  • And so currently now, if a child is under the age of 12 at the time they give a statement, that statement
  • What this does is this helps the jury get a clear picture of the child at the time they gave the statement
  • ><c> will</c><00:39:19.680><c> just</c><00:39:19.839><c> say</c><00:39:20.079><c> that</c> interest of
  • time, I will just say that interest of time, I will just say that this<00:39:20.880><c> bill</c><00:
  • the child at the time they gave the of the child at the time they gave the statement.<00:41:49.040><
TX
Transcript Highlights:
  • And of course, working with the governor's office and to be able to, and of course, both sides of the
  • Multiple outcry statements are admissible if they describe different instances of abuse, and it allows
  • I'd be interested in getting some of the training.
  • this type of criminal activity and the threat that it poses. ...it poses from a financial, safety, environmental
  • of species.
FL

Florida 2025 Regular Session

House in Session Apr 23rd, 2025

Florida House Floor Meeting

Transcript Highlights:
  • The financial relief that all of the condo owners deserve.
  • There has always been the need to provide some form of financial assistance to people living in Mobile
  • The funds must be accounted for in a charter school's monthly or quarterly financial statement.
  • intent performance agreements and financial statements.
  • Can you direct me to the lines of the bill? Representative Bartleman, you said the statement.
TX

Texas 89th Regular

89th Legislative Session Apr 23rd, 2025

Texas House Floor Meeting

Transcript Highlights:
  • The chair announces the signing of the agreement. of the following in the presence of the House.
  • Speaker and members, for the benefit of the people of the United States of America, I hereby declare
  • that I am a member of the House of Representatives of the United States of America. of our freshman members
  • This is the bill that protects Texans with disabilities by prohibiting conflicts of interest, including
  • Are you aware of that? I was aware of that.
LA

Louisiana 2026 Regular Session

House of Representatives May 7th, 2026

Louisiana House Floor Meeting

Transcript Highlights:
  • sense of responsibility and gratitude for the privilege of serving the people of Louisiana.
  • Pledge of Allegiance: To the flag of the United States of America and to the republic for which it stands
  • interests of electronic monitoring service providers.
  • interests of electronic monitoring service providers.
  • Of safety.
Bills: HR252, HR253, HR254, HR255, HR256, HCR103, HCR104, HR244, HR245, HR246, HR247, HR248, HR249, HR250, HR251, HCR101, HCR102, SCR40, SCR60, SB112, SB131, SB145, SB194, SB268, SB307, SB312, SB319, SB333, SB341, SB346, SB464, SB466, SB488, SB495, SB503, SB507, SB509, HR9, HR196, HCR27, HCR28, HCR50, HCR62, HCR67, HCR71, HCR78, HCR81, SCR20, HB123, HB251, HB625, HB662, HB709, HB769, HB775, HB783, HB895, HB1011, HB1057, HB1155, HB1186, HB1224, HB1245, HB1247, HB1253, HB1254, HB1255, HB1256, SB8, SB10, SB11, SB12, SB13, SB14, SB16, SB17, SB18, SB20, SB21, SB22, SB40, SB48, SB55, SB69, SB75, SB77, SB78, SB85, SB102, SB115, SB133, SB140, SB148, SB151, SB165, SB169, SB170, SB185, SB197, SB200, SB217, SB235, SB278, SB280, SB291, SB300, SB303, SB315, SB324, SB330, SB411, SB416, SB420, SB436, SB438, SB449, SB455, SB456, SB477, SB489, SB521, SB97, SB105, HR171, HCR49, HCR65, HCR72, HR37, HCR64, HR170, HR191, HR206, HR207, HR208, HR217, HCR11, HCR53, HCR60, HCR66, HCR68, SCR19, SCR3, SCR6, SCR18, SCR11, SCR22, SCR2, HCR6, HB64, HB68, HB92, HB130, HB258, HB633, HB801, HB61, HB98, HB102, HB139, HB142, HB170, HB185, HB194, HB199, HB231, HB247, HB294, HB336, HB474, HB661, HB842, HB852, HB66, HB153, HB165, HB326, HB387, HB455, HB513, HB603, HB660, HB719, HB762, HB766, HB802, HB816, HB833, HB940, HB950, HB975, HB1028, HB1039, HB1051, HB1053, HB1080, HB1201, HB1215, HB1228, HB1251, HB1252, SB1, SB23, SB32, SB42, SB43, SB46, SB51, SB110, SB113, SB150, SB154, SB161, SB218, SB220, SB221, SB253, SB289, SB310, SB351, SB399, SB404, SB502, SB26, SB28, SB29, SB30, SB41, SB44, SB64, SB84, SB87, SB93, SB98, SB107, SB118, SB142, SB192, SB195, SB199, SB219, SB222, SB234, SB241, SB255, SB275, SB277, SB292, SB294, SB306, SB314, SB482, HCR32, HB798, HB998, HB1084, HB1223, HB59, HB955, HB1191, HB1234, HB646, HB824, HB341, SB397, SB442, HB901, HB79, HR20, HR74, HB284, HB306, HB366, HB393, HB458, HB577, HB582, HB605, HB614, HB682, HB733, HB752, HB773, HB911, HB926, HB996, HB1035, HB1069, HB1113, HB1140, HB1180, HB1240, SB47, SB82, SB89, SB149, SB382
Summary: The House met with a quorum, opened with prayer and the pledge, adopted the journal, and received a large number of Senate messages, committee reports, and bill referrals. Members also introduced several resolutions and recognized guests, including students from Allen Parish, federal appointees Brandon Beach and Paul Hollis, and other visitors. The chamber then moved through a lengthy agenda of House and Senate measures, with many bills and resolutions reported favorably, amended, or referred to committee. Among the notable floor actions, the House adopted H.R. 32 urging the Port of New Orleans to obtain backup motors for the St. Claude Avenue Bridge. It also passed bills on a wide range of topics, including local court and ordinance procedures for Alexandria, prohibiting reporting criminal fines and fees to credit bureaus, veterans’ lottery benefits, police chief residency in Tickfaw, fire marshal plan review authority, expanding the definition of first responder to include public works employees, NIL protections for student athletes, salary increases and additional positions for assistant district attorneys, limiting OMV debt referrals for unpaid reinstatement fees, watershed restoration and flood control funding, a sexual assault survivor task force, elderly consumer protection education, recreation of the Public Service Commission, Medicaid reimbursement for non-emergency medical transportation, local sales tax audit procedures, alcoholic beverage definitions for salons and similar businesses, transfer of removed monuments to state park property, hearing aid dealer regulation updates, a permit fee for small in-state distillers, expanded city court jurisdiction in Avoyelles Parish, and a narrowed version of the Alexandria administrative adjudication bill. Several measures were amended on the floor before passage, including the Alexandria ordinance bill, the sales tax audit bill, the alcohol/beverage bill, and the monument transfer bill. The House also temporarily returned some bills to the calendar for later consideration. Most measures passed overwhelmingly, though House Bill 153 on criminal court debt reporting passed with 67 yeas and 18 nays, House Bill 660 on assistant district attorney salaries passed 94-1, House Bill 719 on additional ADA positions passed 95-0, House Bill 883 on the sexual assault task force passed 86-2, House Bill 1028 on non-emergency medical transportation passed 81-15, and House Bill 1215 on monuments passed 78-14.
LA

Louisiana 2026 Regular Session

House of Representatives May 7th, 2026

Louisiana House Floor Meeting

Transcript Highlights:
  • of Louisiana.
  • interests of electronic monitoring service providers.
  • of the City Court of Bunkie, jurisdiction in the City Court of Marksville, appellate review of justices
  • Jurisdiction of City Court of Bunky, jurisdiction in City Court of Marksville, Appellate Review of Justice
  • It's something I kind of thought of.
Bills: HR252, HR253, HR254, HR255, HR256, HCR103, HCR104, HR244, HR245, HR246, HR247, HR248, HR249, HR250, HR251, HCR101, HCR102, SCR40, SCR60, SB112, SB131, SB145, SB194, SB268, SB307, SB312, SB319, SB333, SB341, SB346, SB464, SB466, SB488, SB495, SB503, SB507, SB509, HR9, HR196, HCR27, HCR28, HCR50, HCR62, HCR67, HCR71, HCR78, HCR81, SCR20, HB123, HB251, HB625, HB662, HB709, HB769, HB775, HB783, HB895, HB1011, HB1057, HB1155, HB1186, HB1224, HB1245, HB1247, HB1253, HB1254, HB1255, HB1256, SB8, SB10, SB11, SB12, SB13, SB14, SB16, SB17, SB18, SB20, SB21, SB22, SB40, SB48, SB55, SB69, SB75, SB77, SB78, SB85, SB102, SB115, SB133, SB140, SB148, SB151, SB165, SB169, SB170, SB185, SB197, SB200, SB217, SB235, SB278, SB280, SB291, SB300, SB303, SB315, SB324, SB330, SB411, SB416, SB420, SB436, SB438, SB449, SB455, SB456, SB477, SB489, SB521, SB97, SB105, HR171, HCR49, HCR65, HCR72, HR37, HCR64, HR170, HR191, HR206, HR207, HR208, HR217, HCR11, HCR53, HCR60, HCR66, HCR68, SCR19, SCR3, SCR6, SCR18, SCR11, SCR22, SCR2, HCR6, HB64, HB68, HB92, HB130, HB258, HB633, HB801, HB61, HB98, HB102, HB139, HB142, HB170, HB185, HB194, HB199, HB231, HB247, HB294, HB336, HB474, HB661, HB842, HB852, HB66, HB153, HB165, HB326, HB387, HB455, HB513, HB603, HB660, HB719, HB762, HB766, HB802, HB816, HB833, HB940, HB950, HB975, HB1028, HB1039, HB1051, HB1053, HB1080, HB1201, HB1215, HB1228, HB1251, HB1252, SB1, SB23, SB32, SB42, SB43, SB46, SB51, SB110, SB113, SB150, SB154, SB161, SB218, SB220, SB221, SB253, SB289, SB310, SB351, SB399, SB404, SB502, SB26, SB28, SB29, SB30, SB41, SB44, SB64, SB84, SB87, SB93, SB98, SB107, SB118, SB142, SB192, SB195, SB199, SB219, SB222, SB234, SB241, SB255, SB275, SB277, SB292, SB294, SB306, SB314, SB482, HCR32, HB798, HB998, HB1084, HB1223, HB59, HB955, HB1191, HB1234, HB646, HB824, HB341, SB397, SB442, HB901, HB79, HR20, HR74, HB284, HB306, HB366, HB393, HB458, HB577, HB582, HB605, HB614, HB682, HB733, HB752, HB773, HB911, HB926, HB996, HB1035, HB1069, HB1113, HB1140, HB1180, HB1240, SB47, SB82, SB89, SB149, SB382
OK
Transcript Highlights:
  • So, current law provides that exception for districts with ADM of 400 or fewer.
  • It's a request bill from the Department of Agriculture and it simply places the program into statute
  • The Department of Ag sees it's it's advantages. It's good that it's done for so many years.
  • It's done a lot of good, so they'd like to have it in statute. Are there further questions?
  • There's a but we will be back next week with a little bit bigger list of bills.
HI

Hawaii 2026 Regular Session

Senate Floor Session 03-20-2026 11:30am

Hawaii Senate Floor Meeting

Transcript Highlights:
  • of the Storefront program, class of '97.
  • I was aware of what it did because of my brother.
  • </c> time covering some of the crimes of the time covering some of the crimes of the Suwa<00:10:17.120
  • </c> of Hawaii at Manoa. of Hawaii at Manoa.
  • </c><00:27:16.160><c> Senate</c><00:27:16.680><c> to</c> all of the members of the Senate to all of the
HI

Hawaii 2026 Regular Session

Senate Floor Session 03-19-2026 11:30am

Hawaii Senate Floor Meeting

Transcript Highlights:
  • </c> has been a part of this program. has been a part of this program.
  • </c> and League and League of Women Voters. and League and League of Women Voters.
  • </c> participate in the life of the state. participate in the life of the state.
  • </c> the order of the day. the order of the day.
  • , a collection of west side of Kauai, a collection of interviews<00:36:41.240><c> by</c><00:36:41.400
WA

Washington 2025-2026 Regular Session

Senate Environment, Energy & Technology Jan 21st, 2026 at 08:00 am

Environment, Energy & Technology

Transcript Highlights:
  • Hundreds of miles of high-voltage transmission and billions of dollars of investment would not have happened
  • Hundreds of miles of high-voltage transmission and billions of dollars of investment would not have happened
  • There is a coalition of federal, state, utility, and public interest groups that came together under
  • These are some of the best jobs in the state of Washington.
  • I went and read the port's financial statements for 2024. It's 130 pages and delightfully tedious.
Bills: SB6124, SB5652
MN

Minnesota 2025-2026 Regular Session

House Judiciary Finance and Civil Law Committee 3/13/25

Judiciary Finance and Civil Law

Transcript Highlights:
  • So this amendment is kind of the last bit of discussion that was taking place between all interested
  • ><00:16:01.040><c> of</c> redemption immediately on the day of of redemption immediately on the day of
  • So it creates a more deliberate process that I think is a better balance of everybody's interests in
  • figuring out how everyone's interests can be met, or just the best kind of bills.
  • </c> interested in getting these kinds of interested in getting these kinds of scholarships<00:32:09.440
Bills: HF1027, HF101, HF1021
KY
Transcript Highlights:
  • </c><01:00:33.920><c> of</c> Madam Chair, in the interest of time, I had some things I was going to say
  • faith, uh, and if you are asked to do something that is outside of that statement of faith by an individual
  • Thank you. particular statement of faith, uh and if particular statement of faith, uh and if you<01:35
  • > faith</c><01:35:51.160><c> by</c><01:35:51.360><c> an</c> outside of that statement of faith by an
  • outside of that statement of faith by an individual<01:35:52.000><c> soldier,</c><01:35:52.840><c> you
Summary: The Health Services Committee met with a quorum and took up House Bill 414 with a committee substitute. The bill, described by sponsors and supporters as a continuation of prior maternal-health legislation, was framed as a clarification of medical standards and an effort to improve care for women and families facing complicated pregnancies. Representative Tate, Representative Nemes, Adair Wushar of Kentucky Right to Life, and Dr. Jeff Goldberg of ACOG Kentucky all testified in support, saying the substitute was developed collaboratively to reduce confusion in the law and help physicians provide evidence-based care without fear of criminal penalties. Supporters said the committee substitute was intended to define what is not an abortion under Kentucky law and to spell out medical treatments for conditions such as miscarriage, ectopic pregnancy, molar pregnancy, sepsis, hemorrhage, preeclampsia, premature rupture of membranes, and fetal demise. Dr. Goldberg said current statutes contain significant ambiguity and have created unintended barriers to treating pregnancy complications, including emergency situations, and he gave examples of patients who were delayed or harmed because physicians were uncertain about what the law allowed. Representative Nemes said the measure was the result of unusual cooperation among groups that do not usually agree and described it as a first step toward fixing a discrete problem. Representative Wilner raised concerns that the language could effectively require a patient to be in severe distress before treatment is clearly permitted and that it was too prescriptive about how physicians should manage miscarriages. In response, Dr. Goldberg and the sponsors said the substitute was not perfect, was meant as a short-term solution, and was designed to give doctors more confidence in providing routine, medically necessary care for pregnancy complications. The transcript indicates the committee substitute was adopted, but no final vote on the bill itself is shown in the excerpt.
AL

Alabama 2025 Regular Session

Alabama Senate Children and Youth Health Committee Feb 6th, 2025

Children and Youth Health

Transcript Highlights:
  • Before we get started, I just want to thank all of you for being here.
  • This is our first meeting of this legislative session.
  • and for being vital members of this committee.
  • In 2023, we passed a total overhaul of the law in our state.
  • You should have a one-sheet kind of distillation of what we're changing, but it's a lot of housekeeping
Bills: SB94
LA

Louisiana 2026 Regular Session

House of Representatives Apr 13th, 2026

Louisiana House Floor Meeting

Transcript Highlights:
  • Guide the members of this House of Representatives as they make decisions to shape the future of our
  • , statement of intent, goals of the project, to provide for a probation program, to create the crime
  • , statement of intent, goals of the project, Relative to Homelessness Court Program, creation of a program
  • , statement of intent, goals of the program to provide for a probation program to create the crime of
  • , payment of fees for service and civil actions, statement of initial fees, additional fees, relative
Summary: The House met on April 9, 2026, established a quorum, and opened with prayer and the pledge. Members then spent much of the morning recognizing visiting groups and honoring individuals and teams, including Louisiana Emergency Preparedness Day, social workers, Black Women’s Health Initiative and My Sister’s Keeper, the Knock Knock Children’s Museum, and several championship school teams. The House also received committee reports and introduced a number of resolutions and Senate bills before moving into House bills on second reading and final passage. A large block of bills focused on taxation, procurement, transportation, public safety, and administrative modernization. The House passed measures on prompt payment for contractors, fleet vehicle registration, electronic bidding forms, cooperative purchasing by local governments, and use of federal procurement rules for buses and paratransit vehicles. Members also approved bills related to ad valorem millage rules and a constitutional amendment proposal to change legislative session dates, though that session-date measure was sent to Appropriations. Other bills passed addressed brick manufacturing and wood pellet manufacturing as economic development priorities, boiler inspection authority, the Fire Marshal’s role in child care center inspections, and the Louisiana Wallet digitized credentials program. Several public safety and social policy bills also advanced. The House passed bills increasing penalties for repeat DWI offenders with serious prior driving-related convictions, providing medical expense assistance for injured law enforcement officers and firefighters, creating a green/blue envelope program for drivers with autism or mental illness, and establishing a workplace violence measure for retail food service establishments. Members also passed bills on domestic violence, homelessness-related court programs, non-compete restrictions for interns and preceptors, pharmacy benefit managers, and health coverage for prosthetic and orthotic devices. One bill on jury trial reassignment in criminal cases failed on reconsideration by a vote of 50-49 and returned to the calendar. Most of the bills considered on final passage were approved by wide margins, with several receiving unanimous or near-unanimous support. A few measures were temporarily returned to the calendar or recommitted, including some domestic violence, insurance, and retirement-related bills. The House also adopted multiple amendments during debate, and several members requested co-authors on measures after passage.
LA

Louisiana 2026 Regular Session

House of Representatives Apr 13th, 2026

Louisiana House Floor Meeting

Transcript Highlights:
  • Guide the members of this House of Representatives as they make decisions to shape the future of our
  • Some of them in uniform.
  • Be it resolved that the House of Representatives of the Legislature of Louisiana does hereby commend
  • Introduction of resolutions.
  • upon the death of Vice Mayor Nancy Mateer of Coral Springs, Florida.
HI

Hawaii 2026 Regular Session

Senate Floor Session 04-10-2026 11:30am

Hawaii Senate Floor Meeting

Transcript Highlights:
  • </c><00:02:26.880><c> the</c> is Jim Moffett, president of the is Jim Moffett, president of the Musicians
  • </c><00:02:30.840><c> the</c> And Trina Wong, board member of the And Trina Wong, board member of the
  • proud of.
  • </c> opportunity of a lifetime. opportunity of a lifetime.
  • </c> Heartbeat of our communities.
Bills: SB1432, SB2024, SB2043, SB2060, SB2069, SB2153, SB2259, SB2319, SB2321, SB2338, SB2360, SB2396, SB2405, SB2407, SB2544, SB2550, SB2552, SB2578, SB2580, SB2607, SB2614, SB2671, SB2800, SB2805, SB2816, SB2835, SB2877, SB2892, SB2928, SB2934, SB3063, SB3199, SB3233, SB3325, HCR8, HCR10, HCR11, HCR13, HCR14, HCR18, HCR19, HCR22, HCR24, HCR31, HCR32, HCR33, HCR35, HCR54, HCR62, HCR63, HCR66, HCR67, HCR82, HCR83, HCR85, HCR91, HCR93, HCR94, HCR96, HCR98, HCR102, HCR104, HCR105, HCR106, HCR110, HCR111, HCR116, HCR117, HCR118, HCR121, HCR122, HCR123, HCR124, HCR125, HCR127, HCR128, HCR137, HCR139, HCR140, HCR141, HCR144, HCR146, HCR162, HCR165, HCR166, HCR173, HCR178, HCR179, HCR180, HCR181, HCR182, HCR185, HCR189, HCR191, HCR192, HCR193, HCR194, HCR200, HCR202, HCR6, HCR36, HCR42, HCR43, HCR44, HCR53, HCR57, HCR61, HCR64, HCR69, HCR84, HCR101, HCR103, HCR107, HCR112, HCR126, HCR136, HCR154, HCR161, HCR175, HCR186, HCR187, HCR188, HCR197, HCR203, HCR204, HCR206, HB1870, HB1588, HB2429, HB2386, HB2583, HB2361, HB2270, HB2137, HB1643, HB1682, HB1692, HB2078, HB1553, HB1667, HB1700, HB1728, HB2293, HB2096, HB1959, HB1511, HB1961, HB1858, HB1897, HB2088, HB2093, HB2279, HB2314, HB2505, HB2433, HB963, HB1705, HB1550, HB469, HB1334, HB1710, HB1737, HB1753, HB1881, HB2309, HB1713, HB1741, HB2062, HB463, HB1839, HB1664, HB2455, HB2417, HB1898, HB1573, HB1768, HB1962, HB2101, HB1782, HB2033, HB1518, HB1642, HB1752, HB2097, HB2282, HB1696, HB1823, HB1886, HB2152, HB2413, HB2503, HB1875, HB1519, HB1509, HB1628, HB1810, HB1990, HB2023, HB2540, HB1679, HB1888, HB2576, HB2592
HI

Hawaii 2026 Regular Session

Senate Floor Session 04-09-2026 11:30am

Hawaii Senate Floor Meeting

Transcript Highlights:
  • </c> is on page 34 and 35 of the order of the is on page 34 and 35 of the order of the day. day. day.
  • c> except couple of words.
  • One of them is except couple of words.
  • Termination of birth, termination of having a baby has nothing to do with prolonging of anything else
  • And I'm proud of stigma.
Bills: SB1432, SB2024, SB2043, SB2060, SB2069, SB2153, SB2259, SB2319, SB2321, SB2338, SB2360, SB2396, SB2405, SB2407, SB2544, SB2550, SB2552, SB2578, SB2580, SB2607, SB2614, SB2671, SB2800, SB2805, SB2816, SB2835, SB2877, SB2892, SB2928, SB2934, SB3063, SB3199, SB3233, SB3325, HCR8, HCR10, HCR11, HCR13, HCR14, HCR18, HCR19, HCR22, HCR24, HCR31, HCR32, HCR33, HCR35, HCR54, HCR62, HCR63, HCR66, HCR67, HCR82, HCR83, HCR85, HCR91, HCR93, HCR94, HCR96, HCR98, HCR102, HCR104, HCR105, HCR106, HCR110, HCR111, HCR116, HCR117, HCR118, HCR121, HCR122, HCR123, HCR124, HCR125, HCR127, HCR128, HCR137, HCR139, HCR140, HCR141, HCR144, HCR146, HCR162, HCR165, HCR166, HCR173, HCR178, HCR179, HCR180, HCR181, HCR182, HCR185, HCR189, HCR191, HCR192, HCR193, HCR194, HCR200, HCR202, HCR6, HCR36, HCR42, HCR43, HCR44, HCR53, HCR57, HCR61, HCR64, HCR69, HCR84, HCR101, HCR103, HCR107, HCR112, HCR126, HCR136, HCR154, HCR161, HCR175, HCR186, HCR187, HCR188, HCR197, HCR203, HCR204, HCR206, HB1870, HB1588, HB2429, HB2386, HB2583, HB2361, HB2270, HB2137, HB1643, HB1682, HB1692, HB2078, HB1553, HB1667, HB1700, HB1728, HB2293, HB2096, HB1959, HB1511, HB1961, HB1858, HB1897, HB2088, HB2093, HB2279, HB2314, HB2505, HB2433, HB963, HB1705, HB1550, HB469, HB1334, HB1710, HB1737, HB1753, HB1881, HB2309, HB1713, HB1741, HB2062, HB463, HB1839, HB1664, HB2455, HB2417, HB1898, HB1573, HB1768, HB1962, HB2101, HB1782, HB2033, HB1518, HB1642, HB1752, HB2097, HB2282, HB1696, HB1823, HB1886, HB2152, HB2413, HB2503, HB1875, HB1519, HB1509, HB1628, HB1810, HB1990, HB2023, HB2540, HB1679, HB1888, HB2576, HB2592
KY
Transcript Highlights:
  • Out of that document, we find out the financial health of our plans. We find out the funded status.
  • health of our find out the financial health of our plans.<00:05:32.000><c> We</c><00:05:32.160><c> find
  • I will say it is not an audit of the financial statements that a CPA or audit of public accounts would
  • </c><00:11:33.920><c> statements</c><00:11:34.720><c> that</c><00:11:35.040><c> a</c> audit of the financial
  • statements that a audit of the financial statements that a CPA<00:11:35.600><c> or</c><00:11:35.680>
Summary: The meeting began with quorum, approval of the prior minutes, and an announcement that the June meeting had been canceled and replaced by this combined May/June meeting; the next official PPOB meeting was announced for July 21 at 2:30. Staff then gave an overview of the Public Pension Oversight Board’s required actuarial audit process, explaining that House Bill 238 requires a review every five years of the retirement systems’ actuarial assumptions and methods, funded by the systems themselves. The presentation distinguished this audit from a financial or forensic audit, described the three possible audit levels (full replication, limited/spot review, or basic review), and noted that the last audit in 2021 was a level one performed by Milleman Consulting at a cost of about $190,000. Members discussed timing for the next audit cycle, with a request to LRC likely needed in July or August to target the June 30, 2026 valuation, and several members expressed interest in another level one review. Questions also addressed whether prior audits found major issues; staff said the 2021 review was generally clean but recommended more consistency in reporting and assumptions across systems. The committee then welcomed new staff and interns, including Odet Guanzi of KPPPA and Team Kentucky intern Amamira Bowman. Bo Barnes of the Teachers Retirement System presented an overview of the statutory framework for reemployment after retirement under KRS 161.605. He explained that the law is intended to let retirees return to help with staffing needs, do so in an actuarially sound way through required contributions, and keep TRS compliant with federal tax rules for a qualified plan under section 401(a). Barnes described the required breaks in service and earnings limits for retirees returning part-time or full-time, including the three-month or 12-month break depending on the employer, the 6,900-day limit, and the daily wage threshold based on years of service. He also noted a lightly used critical shortage program that allows school districts to hire retirees without a wage cap, while still observing the break-in-service rules. Members asked questions about who decides the scope and level of the actuarial audit, how the audit would treat leave balances and other benefit-related items, and whether the prior level one audit identified substantial problems. Staff said the committee would request the audit, but LRC would handle contracting, and that the audit scope could include items like sick leave and annual leave costs if requested. On the reemployment topic, Barnes emphasized that the rules are designed to avoid pre-arranged retire-and-return arrangements that could jeopardize TRS’s tax-qualified status. No formal votes were taken beyond approving the minutes, and the meeting concluded with the presentations and discussion of these pension oversight issues.