Transcript Highlights:

• <00:03:30.720> the uh note the uh note the role<00:03:32.720> we<00:03:33.000> today
• Now, quick, it should be noted that the fiscal impact of each tax expenditure is estimated in isolation
• And also note all these figures are pertaining to fiscal year 24.
• And also note all these figures are pertaining to fiscal year 24. Mr.
• impact should be noted that the fiscal impact should be noted that the fiscal impact of<00:53:26.799

Keywords: 1187, senate, all

Transcript Highlights:

• The consultant notes that a quorum has been established.
• Before I get into my questions, I want to make a note to build on Senator DeRazzo.
• It'll take longer to pay off the note, but not necessarily longer to do the process.
• It'll take longer to pay off the note, but not necessarily longer to do the project.
• I asked you specifically about the tax increment, but you noted some other items as well.

Keywords: 987, senate, all

Summary: The Senate Budget Subcommittee No. 5 heard an update from the California High-Speed Rail Authority on its 2026 draft business plan and related budget proposals. The Authority said work in the Central Valley is advancing, with 59 of 92 major structures complete, 80 of 119 miles under construction finished, utility relocations 93% complete, and track-laying expected to begin later this year. It said the revised plan targets completion of the Merced-to-Bakersfield early operating segment in 2032-33, and it highlighted a new strategy focused on ancillary revenues, public-private partnerships, and possible value-capture tools such as real estate, energy, broadband, logistics, and tax increment financing. The Authority also asked for reappropriation of $423 million in Prop 1A funds for the Link Union Station project and $246 million in federal trust funds to avoid expiration. The Legislative Analyst’s Office said it had no specific concerns with the two budget change proposals but raised broader concerns about the draft business plan and the project’s finances. LAO said the plan appears to assume optimistic cost savings, immediate approval of major statutory changes, and reliable future cap-and-invest revenues, while actual funding may be insufficient even for the revised Central Valley segment once borrowing costs are included. LAO also said the draft business plan was missing several required elements identified by the Office of the Inspector General, and it suggested the Legislature could wait until the plan is finalized before acting. Department of Finance had no additional comment. Members questioned the Authority about whether all proposed financing and policy changes are necessary, how tax increment financing would affect local governments and school districts, and what authority the Authority has to enter public-private partnerships without further legislative approval. The Authority said utility relocation authority is its top legislative priority, that value capture is a longer-term tool not needed to complete Merced-to-Bakersfield, and that any state backstop beyond the current $20 billion commitment would require returning to the Legislature. It said a private partner is expected to be selected around June 1, with more detailed financing analysis to follow over six to eight months. Public testimony was split: labor groups and project supporters backed the budget request and urged action on utility relocation and job creation, while local government and special district representatives strongly opposed tax increment financing and related land-use proposals without local consent. The hearing ended with no vote taken and the committee adjourned.

Transcript Highlights:

• Members, this bill has a zero fiscal note because it does not alter the existing process of obtaining
• a fiscal note.
• Well, I wouldn't think that would raise a fiscal note.
• So this would add a $1 million fiscal note, as you might expect. Rep.
• I'm trying to figure out a way that we can do it without a million-dollar fiscal note.

Bills: HB304, HB401, HB556, HB1475, HB1489, HB2259, HB2424, HB2773, HB2811, HB3323, HB304

Keywords: voter ID, citizenship proof, provisional ballot, election security, Texas, voting rights, deep fakes, misleading videos, election integrity, criminal offense, digital misinformation, deep fake, political manipulation, misinformation, artificial media, political influence, artificially generated media, election influence, Texas Election Code, healthcare reform

Transcript Highlights:

• Next, we want to note that the master plan includes recommendations...
• Fiscal year 2023-24 saw the largest utilization of the paid internship program.
• You can see that over time, from fiscal year 2016-17 through fiscal year 2023-24, From fiscal year 2016
• Yeah, it's not on the notes. All right.
• Approximately 4,000 is noted in the analysis still; we're in those programs.

Summary: The Assembly Budget Subcommittee on Human Services held a hearing on developmental services, rehabilitation, and related supports, with no votes taken. The first major topic was the Master Plan for Developmental Services. Administration officials described a year-long, community-driven process that included a steering committee, work groups, and statewide engagement sessions, and said the final draft would be released that Friday with about 170 recommendations. The Department of Developmental Services said the plan would inform future work, but did not offer a detailed implementation roadmap. The LAO said the plan contains significant policy and budget implications, may require statutory changes, and needs further analysis to turn recommendations into actionable proposals. Advocates and regional center representatives urged the Legislature and administration to avoid letting the plan sit on a shelf, called for prioritization and ongoing stakeholder oversight, and emphasized the need to address equity, workforce, service coordination, and cross-system collaboration. The chair said he wanted to work with the LAO on trailer bill language and future reporting to create a clearer path forward. The second topic was the Office of Employment First and competitive integrated employment. Administration witnesses said California has ended subminimum wage under SB 639, but that moving people into competitive integrated employment remains a major priority. They described existing efforts such as DDS’s coordinated career pathways pilot, paid internships, job development services, benefits counseling, and DOR’s career counseling and referral services, along with pilot projects in San Diego and Orange County. The State Council on Developmental Disabilities and advocates argued that employment outcomes have remained stuck at roughly 15% and that a dedicated Employment First Office is needed to coordinate across agencies, align goals, and improve outcomes. The LAO recommended regular legislative oversight on people transitioning out of subminimum wage and asked for technical assistance on coordinated career pathways. The chair criticized the administration’s decision to effectively eliminate funding for the office, requested a detailed implementation timeline and quarterly transition reports, and said the committee would continue pressing for the office to be implemented. The final issue was respite services, utilization trends, and access. DDS reported that in-home respite use and spending have risen sharply over several years, with about 150,000 people using respite in 2023-24 and expenditures reaching about $1 billion. Officials said access depends on families knowing the service exists, service coordinators identifying need, and having enough providers, especially in rural and linguistically diverse communities. The San Diego Regional Center said utilization generally mirrors statewide trends, but access is stronger in some areas, such as Imperial County, where families often prefer family-directed or agency-supported models that allow them to hire trusted workers. Committee members emphasized the importance of respite for family health and caregiver well-being, asked whether service coordinators are asking practical questions about sleep and stress, and discussed the need for better identification of complex behavioral and medical needs. DDS said a standardized family support tool and updated IPP process are intended to improve consistency, transparency, and person-centered assessment for respite and related services.

Transcript Highlights:

• This looked at fiscal year 8 to fiscal year 24.
• So, it is in our fiscal year 2027 budget request.
• We did tap into our reserves as far as we could and still say fiscally healthy.
• So for Horizon, our request is $3.4 for fiscal 27 and then reinstatement Of funding for this fiscal year
• at $3.4 million. $3.4 million again, flat appropriation for our next fiscal year.

Keywords: 914, all

Transcript Highlights:

• Is that worth the fiscal and financial and time effort to go do it?
• We intend to use that throughout the remainder of the fiscal year for the medication, the evaluations
• Here to present the Oklahoma State Department of Health's fiscal year 2027 budget.
• So, we're here to present the fiscal year 2027 budget.
• It's interesting to note that 2027 is going to mark the agency's 120th anniversary.

Keywords: 914, all

Transcript Highlights:

• We'll call the Fiscal Committee meeting to order for our meeting on September 5th.
• So noted, Representative Mooney. >> Stain here, Mr. Chair. >> And as well. Okay.
• So noted, Representative Mooney. >> Stain here, Mr. Chair. >> And as well. Okay.
• It was actually a request made for 25 funds in November, but that fiscal year is closed on September
• It was actually a request made for 25 funds in November, but that fiscal year is closed on September

Keywords: 1189, house, all

Summary: The committee first approved the June 20, 2025 minutes, with several members abstaining, and then adopted the consent calendar after removing items 223 and 224 under tab five, item 222 under tab six, and item 231 under tab seven. The committee also noted that an old business item related to YDC claims administration would be removed at a future meeting because the fiscal year had closed and no further committee action was needed. The main substantive discussion centered on Department of Health and Human Services requests. Item FIS-223 would fund a shared database between the Department of Education and HHS to identify children eligible for the summer EBT program; members asked whether it could also help with Medicaid or school reimbursement tracking, but the witness said the item was specifically for summer EBT and that broader integration questions would need follow-up with Education and Medicaid staff. The committee then adopted the item, with Representative Mooney voting no. Item FIS-224 concerned the phrase "high quality services" in child care-related funding; HHS said the standards come from the federal Office of Child Care, and the committee adopted the item. Item FIS-222 related to Money Follows the Person; HHS explained it is a 100% federally funded program that supports transitions from institutions to community living with services such as housing navigation, furnishings, and case management. Members questioned the scale and cost of the program, and HHS said the initial federal award was $5 million, with additional federal IT funding later approved; the committee adopted the item, again with Representative Mooney voting no. Under tab seven, the committee discussed item 231 involving ARPA funds and the YDC project. The Department of Administrative Services explained that recent Treasury guidance allows leftover ARPA dollars from approved projects to be repurposed only for additional work on already approved projects, not new projects. Members asked about whether the project was over budget and whether some items had been in the original plan; officials said the work reflected add alternates from the original bid and that the project was on track to meet the deadline. The committee adopted the item. The meeting then moved to the audit presentation on the New Hampshire Liquor Commission’s fiscal year 2024 management letter, which identified 13 internal control comments, including two material weaknesses, largely tied to the new NextG system. Recommendations included strengthening controls, formal risk assessment, reconciliations to New Hampshire First, cash receipt controls, subsidiary ledgers, SOC reports for vendors, internal audit functions, lease accounting, gift card breakage reporting, and IT security and access controls. The Liquor Commission said it concurred with most findings, described the system transition as successful overall, and said remediation would continue; committee members asked for estimated completion dates for audit findings and discussed the need for more regular follow-up on audit issues and budget monitoring.

Transcript Highlights:

• You mentioned that we're in May and we're at the end of the current fiscal year, the 25-26 year, and
• So although it feels very much like we should have more certainty at this point in the current fiscal
• I would note that our cash position has changed pretty significantly from 2022-23.
• I would note that our cash position has changed pretty significantly from 22, 23. note that our cash
• Some are dealing with other fiscal pressures.

Keywords: 987, senate, all

Summary: The committee heard the Governor’s May Revision proposals for TK-12 education, beginning with a Proposition 98 overview from the Department of Finance and the Legislative Analyst’s Office. Finance said the May Revision increases the Proposition 98 minimum guarantee by about $6.4 billion relative to the Governor’s January budget across the three-year window, with higher guarantees in each year, continued full payment of the outstanding settle-up obligation in 2024-25, and a reduced $3.9 billion settle-up amount in 2025-26. Finance also described larger mandatory and discretionary deposits into the Proposition 98 reserve, ending with an estimated $10.3 billion reserve balance. The LAO said the overall estimates were reasonable, but urged the state to fully fund the guarantee and use other budget tools, including reserves, to manage volatility rather than delay settle-up payments. Members questioned the remaining settle-up amount, the risk of revenue volatility, and possible alternatives such as advance payments or other reserve strategies. The second panel covered Department of Education proposals and trailer bill language. Finance outlined additional state operations funding and positions for CDE, along with trailer bill changes affecting community schools, preschool, literacy, special education, charter accountability, teacher-related programs, and other technical cleanups. The LAO supported the overall structure of the package but recommended changes to several items, including rejecting some additional one-time community schools, literacy, math, multilingual screener, and inclusive college proposals, while supporting the ongoing LCFF and special education increases and raising concerns about the paid pregnancy disability leave proposal’s cost and implementation complexity. CDE supported the special education increase, community schools, literacy and math investments, homelessness funding, and the paid pregnancy leave proposal, while asking for more funding for county office support, clearer homelessness definitions, and continued preschool parity. Members also asked about immigrant student supports, community schools reporting, and the rationale and cost estimate for the paid pregnancy leave proposal, which Finance estimated at $218 million annually. The final panel addressed the Commission on Teacher Credentialing. Finance proposed additional legal staffing for SB 848 implementation and educator misconduct caseloads, a fee increase for clear credential renewals from $100 to $125, a $5 million one-time Proposition 98 investment to build a transcript review platform, $2 million ongoing for transcript review staffing, and $30 million one-time for the statewide residency technical assistance center. The LAO had no concerns about the legal staffing, supported the transcript review platform if the fee increase and ongoing staffing were adopted, and recommended rejecting the residency technical assistance center expansion because existing funding runs through 2029. The Commission explained that the misconduct workload has grown over several years, that AI would assist but not replace human review in transcript matching, and that the residency technical assistance center helps recruit and retain teachers and support rural districts. Public commenters largely supported special education, discretionary block grants, community schools, literacy investments, homelessness funding, and teacher credentialing alternatives, while some urged rejection of the settle-up proposal and preschool COLA reduction.

Transcript Highlights:

• So, any change would have to be effective next fiscal year.
• fiscal year basis. fiscal year basis.
• Chair, noting the presence of Senator Iihara, we'll take a revote.
• Concerns are noted. Thank you. Concerns are noted.
• <00:37:52.880> the is to pass unamended noting the is to pass unamended noting the reservations

Keywords: 912, senate, all

Summary: The Senate Committee on Labor and Technology heard testimony on several measures relating to public employment, the Hawaii Employer-Union Health Benefits Trust Fund (EUTF), retirement benefits, and cafeteria plans. HB 2472 and HB 2276, both concerning EUTF staff and investment office staff salaries, drew support from the trust fund and labor groups, and no opposition was heard in person. HB 2272 and HB 2273, emergency appropriations for public employment cost items, were supported by the administration and labor representatives; members briefly clarified which bargaining units were covered. A longer discussion centered on HB 1664, which would address a dispute mechanism for EUTF-related negotiations. HGEA said the current process lacks a dispute resolution path and that the bill would allow interest arbitration when the state and union disagree. The Department of Human Resources Development and the Budget and Finance director raised concerns about consistency across bargaining units and the role of an arbitrator unfamiliar with the complexities of the system. Senator Moriwaki questioned whether another dispute forum might be more appropriate, but no alternative resolution was settled. The committee also heard HB 1655, which would make retirement benefits negotiable, and HB 1658, concerning collective bargaining repricing. ERS opposed HB 1655, saying it could create administrative and tax problems if retirement benefits were negotiated separately across many bargaining units, while UPW, HGEA, HSTA, and UPA supported it as a bargaining issue. On HB 1658, DHRD explained that repricing is an internal classification tool meant to preserve equal pay for equal work, not to address market pay, and said a single arbitrator or the Merit Appeals Board could handle disputes; HGEA preferred a neutral arbitrator and opposed the Merit Appeals Board as too employer-controlled. The final measure, HB 1661 on cafeteria plans, was supported by UPW and HGEA. DHRD said it planned to raise the maximum contribution through rulemaking but needed to manage plan solvency and timing because IRS limits change on a calendar-year basis while the state plan runs on a fiscal year. The committee then moved into decision-making and adopted recommendations to pass HB 2472 and HB 2276 as amended/unamended after a brief correction to the vote language.

Transcript Highlights:

• Um, and I know we don't have a fiscal note, but my understanding is part of why we need this is because
• Um, and I know we don't have a fiscal note, but my understanding is part of why we need this is because
• Um, because I see in the fiscal note the amount of resources needed is going to be determined on, kind
• But happy to follow up with you and, um, if we can include that in the fiscal note, we'll do so. one,
• if we can include that in the fiscal if we can include that in the fiscal note,<01:10:48.840>

Keywords: 1187, senate, all

Transcript Highlights:

• I am that fiscal note is exaggerated.
• She noted the $43,000 in the fiscal note and said that would be the cost of creating a report. below
• fiscal note, in the fiscal note, that<01:10:28.640> would<01:10:28.880> be<01:10:30.080
• <02:10:03.920> note first question is on the fiscal note first question is on the fiscal note
• Chan, my first question is on the fiscal note that is attached to this bill.

Keywords: 1189, house, all

Transcript Highlights:

• And then in um fiscal year 26, the amount would be 8.7, um, and that's just due to the timing of a fiscal
• sorry 4 77.1 for fiscal sorry 4 77.1 for fiscal 25 4939<01:11:18.640> for<01:11:18.960>
• > fiscal 4939 for fiscal 4939 for fiscal 26<01:11:22.000> and 26 and 26 and 51.3<01:11:24.360
• > for<01:11:24.640> fiscal<01:11:24.960> 2 51.3 for fiscal 2 51.3 for fiscal 2 7
• for fiscal for fiscal 26<03:39:17.319> and<03:39:17.439> at<03:39:17.640> I

Keywords: 928, house, all

Summary: The committee met in a work session on revenue estimates and reviewed updated spreadsheet pages for several tax categories, using prior agreements and new testimony to refine FY 2025-2027 estimates. Early discussion covered insurance tax estimates, where members reviewed a letter from the insurance commissioner saying he was comfortable with the numbers provided; the committee accepted those estimates without opposition. Members also discussed utility property tax, with testimony about recent infrastructure buildout, tariffs, depreciation, and the difficulty of forecasting future growth. After debate over whether to use the average of high and low estimates or lean lower, the committee unanimously adopted the utility property tax numbers. The committee then turned to real estate transfer tax and communications tax. For real estate transfer tax, members cited county input, housing market conditions, interest rates, lumber costs, and uncertainty about future policy; they agreed to use the averages and adopted those estimates unanimously. For communications tax, members noted the decline in landline-based revenue and the shift to data services. After discussion of whether to use the low estimate or the average, the committee settled on the average with a small rounding-down adjustment when the figure ended in .5, and adopted the numbers unanimously. The chair also clarified that these estimates remain subject to change until the final resolution is adopted. The committee next accepted interest and dividends estimates as presented, with members noting the decline in that revenue source and the lack of additional information beyond the department’s analysis. Finally, the committee began discussing tobacco tax revenue, with members noting long-term declines in smoking, offsetting effects from out-of-state sales, and a suggestion to take a slightly conservative approach by reducing the average by 0.5. The transcript cuts off during that discussion, so no final vote on tobacco is shown in the excerpt.

Transcript Highlights:

• That is $229,000 in fiscal year 26, and $247,000 in fiscal year 27 and ongoing.
• note when this board was created, and that reduces their cost by $199,000.
• House File 2127 is $18,000 on a one-time basis in fiscal year 2027.
• The total is $1,017,278,000 in fiscal year 26 and $717,314,000 in fiscal year 27.
• We recognize the fiscal constraints facing this committee.

Bills: HF2300

Transcript Highlights:

• It's also fiscally smart. policing. It's also fiscally smart.
• :43:58.560> and<00:43:58.720> lieutenant note uh the governor and lieutenant note uh the
• So those policies that have fiscal implications and also policy that does not have any fiscal aspect
• > or<00:50:08.640> implications fiscal in inclination or implications fiscal in inclination
• fiscal aspect to it just pure policy. fiscal aspect to it just pure policy.

Keywords: 1187, senate, all

Transcript Highlights:

• <00:02:29.480> year forecast in fiscal year forecast in fiscal year 2026<00:02:31.840>
• Weight loss drugs were added to medical assistance in fiscal year 2022.
• on this next slide one thing to note on this next slide one thing to note about<00:20:36.080>
• I would just note, respectfully, that these are coming from concerns that are expressed.
• I would just note, respectfully, that these are coming from concerns that are expressed.

Keywords: 1187, senate, all

Transcript Highlights:

• However, I think the funding source of this bill is not fiscally responsible.
• Not fiscally responsible.
• This is bad fiscal... ...irresponsible approach to the Rainy Day Fund.
• Here's how this is going to work: you'll get $17.4 million, according to the JLBC fiscal note, and that
• will be fully consumed... $11.4 million, according to the JLBC fiscal note, and that will be fully consumed

Bills: HB2063, HB2271, HB2416, HB2478, HB2593, HB2692, HB2813, HB2992, HB2993, HB4044

Keywords: corrections oversight, appropriation, independent office, public safety, funding, firefighters, insurance rates, workers' compensation, firefighter cancer reimbursement, rate deviations, cost analysis, premiums, border security, drug trafficking, human smuggling, law enforcement funding, Arizona, immigration, education reform, K-12

Summary: The committee heard several appropriations and policy bills, with testimony often focused on public safety, education, and procurement. HB 263 would appropriate $1.5 million in FY2027 to the Independent Correctional Oversight Office; the sponsor and supportive testimony argued the office is needed to address serious problems in the corrections system, and the bill received a due pass recommendation, 17-1. HB 2993, as amended, would allow DPS to spend on legal services independent of the Attorney General and redirect $5 million from the Consumer Protection/Consumer Fraud Revolving Fund to the Gang and Immigration Intelligence Team Enforcement Mission Fund; the Speaker framed it as supporting law enforcement and public safety, and it passed 17-0. HB 2271 dealt with firefighter cancer coverage and insurance rates. The bill would allow an insurer covering firefighters and fire investigators to file a uniform rate deviation only if it is not reimbursed by the municipal firefighter cancer reimbursement fund. Testimony described the measure as a temporary shell pending a broader consensus agreement to bring fire districts into the reimbursement system; members stressed that firefighters should not see changes in claim handling, but several said the bill still needed work. It received a due pass recommendation on a 16-1-1 vote. HB 2416 would appropriate $20 million to DPS for local border support, including law enforcement positions, prosecution and detention costs, and equipment; sheriffs and the Arizona Sheriffs Association supported it as a continuation of existing funding for drug interdiction and border-related crime, and it passed 11-6-1. The committee also advanced HB 2692, which revises public construction procurement rules and authorizes progressive design-build and one-step competition for certain federally funded projects. Construction and procurement stakeholders said the bill was the product of a long consensus process, while some members worried about taxpayer impacts and the move away from standard procurement; it passed 10-7-1. HB 2478, as amended, creates the Arizona Commission on Student Outcomes to study K-12 accountability, standards, graduation requirements, early childhood education, and a trade pathways diploma, funded by Classroom Site Fund dollars; members debated whether the work should instead be done by ADE or the State Board, and the bill passed 11-7. The committee also heard HB 4044, which would create a Public Safety Parity Fund to support DPS and corrections salaries using investment earnings from the Budget Stabilization Fund and proceeds from forfeited digital assets; the sponsor and a troopers association witness argued it would provide a stable long-term funding source to address chronic vacancies and pay gaps.

Transcript Highlights:

• year 2026 up to $132 million in fiscal year 2026 up to $132 million in fiscal<00:04:44.640> year<
• fiscal year 2029. fiscal year 2029.
• year '25 into fiscal year '26.
• year '25 into fiscal year '26.
• , you noted that it was 18,000 kids.

Bills: HF3415

Keywords: child care, day care, licensed child care center, license-exempt child care, immigration enforcement, ICE, Customs and Border Protection, CBP, USCIS, Department of Homeland Security, DHS, judicial warrant, facility access, sensitive locations, immigrant families, Minnesota Statutes chapter 142B, 1183, house

Transcript Highlights:

• Yesterday there was no fiscal impact on this. The day before, there was no fiscal impact.
• The author mentioned he only got the Fiscal impact recently, we do require a fiscal impact, and it did
• Clerk will note. Clerk will note. Leader, thank you, Mr. President.
• Yesterday there was no fiscal impact on this. The day before, there was no fiscal impact.
• Last week, there was no fiscal impact, but as soon as this bill made the agenda, oh my, there's a fiscal

Bills: SB65, SB248, SB330, SB378, SB844, SB1330, SB1410, SB1475, SB1476, SB1565, SB1618, SB1623, SJR39, SJR47, SB2084, SB1655, SB1679, SB2174, SB1775, SB1873, SB1204, SB1884, SB1916, SB1937, SB1447, SB1500, SB2007, SB2074, SB1944, SB2018, SB1984, SB2026, SB2045, SB2049, SB2062, SB2112, SB2118, SB2127, SB2134, SB2135, SB2139, SB2154, SB1195

Keywords: SB65, naloxone, Narcan, opioid overdose, overdose reversal, opioid antagonist, emergency opioid antagonist, substance abuse services, harm reduction, public health, overdose prevention, good samaritan, civil immunity, criminal immunity, controlled substances, addiction treatment, fentanyl, opioid crisis, school overdose response, first aid

Transcript Highlights:

• Staff also noted one...
• In other business, a request for a study of fiscal impact statements was withdrawn.
• That's duly noted. All right.
• But it is a little, I mean, I had made several notes in here.
• I believe it's a combination, and they've been taking notes.

Summary: The committee first adopted prior minutes and then heard several standing committee audit reports. The executive committee report noted audit and special reports scheduled for the month, one outstanding committee-requested report, and a request to gather information on a possible special report for February. The city/county/local report covered delinquent private water and sewer audits, including reinstatement of turn-back funds for 17 entities, 59 of 64 delinquent 2023 entities filing reports, and action on the town of Daisy requiring repayment of misused street funds. The education report filed three higher education audit reports and deferred one Northwest Arkansas Community College report. The state agencies report filed four reports and deferred audits of the Department of Human Services and the Department of Parks, Heritage, and Tourism for more information on corrective actions. The committee then received a special audit review of the Charles W. Donaldson Scholars Academy at UA Little Rock. Auditors said the program received $10 million in desegregation funding and a $50,000 grant, awarded $1.87 million in scholarships to 379 students, and saw 116 students graduate. The review found many scholarship eligibility exceptions, including awards above the maximum and to students who did not meet GPA, enrollment-hour, or full-time requirements, and numerous disbursement documentation and authorization problems. Committee members sharply questioned the program’s oversight, the role of former staff, the use of funds for travel and cultural activities, and whether any improper spending should be referred for criminal review. UALR representatives said the program was overseen as a sponsored program, that some controls were later strengthened, and that Philander Smith only verified enrollment rather than eligibility. The committee voted to table the report until the next meeting and asked staff to gather the federal court order and additional information. Finally, the committee reviewed the annual report on matters referred to prosecutors and the Attorney General for 2024. Staff said 164 matters were referred, with 28 criminal charges filed, 39 still under review, 3 dismissed, 5 pending in court, and 96 not charged; convictions in 20 cases led to fines, restitution, audit costs, and some bond trust fund payments. Prosecutor representatives explained that many referrals do not become criminal cases because of intent, timing, or other legal limits, and said they generally seek restitution even when charges are not filed. Members asked for more standardized reporting, including whether restitution was recovered and why cases were not prosecuted, and discussed possible training and a checklist for future reports. The committee then voted to file the report and adjourned, with the next meeting set for February 12-13.

Transcript Highlights:

• Moving on to the highlights for fiscal year 27 through fiscal year 30, when you look at the rates, the
• In fiscal year 24, investment income as a share of total was 14%.
• And an estimated column there for fiscal year 27.
• Moving on to fiscal year 26, as I mentioned, year-over-year growth is 0.4% over fiscal year 25, and estimated
• But it's important to note that there's a range on that, right?