Transcript Highlights:

• The window to establish meaningful guardrails is now.
• The window to establish wider.
• The window to establish meaningful<02:02:15.840> guard<02:02:16.159> rails<02:02:16.560
• Yes, folks, if you didn't know this, your device, your Linux device or your Windows or Mac sends a kind
• Uh<02:11:22.320> test<02:11:22.639> prep<02:11:23.040> company<02:11:23.440>

Keywords: 981, all

Summary: The Senate convened with a quorum, approved the previous day’s journal, and received several committee reports and conference committee permissions. It also adopted a Senate resolution recognizing the 125th anniversary of Western Colorado University (SR 8) by a 35-0 vote, with remarks highlighting the university’s history, workforce role, mountain rescue team, athletics, and ties to Gunnison and the Western Slope. The resolution was adopted and co-sponsors were added. The chamber then took up third reading and final passage on several bills. Senate Bill 152, concerning automated vehicle identification systems, was amended on the floor with a technical correction and passed 32-3. House Bill 1322, creating civil actions related to conversion therapy efforts, prompted emotional testimony from Senator Mullica about his mother and passed 23-12. House Bill 1123, addressing sexual abuse prevention in jails, passed 27-8 after a technical amendment. House Bill 1226, reducing emissions from certain electric generating units, passed 22-13. House Bill 1076, modifying transportation statutes, passed 28-0, and House Bill 1207, requiring employer disclosure of demographic workforce data, passed 23-12. Senate Bill 115, a postconviction relief measure for certain older incarcerated people, was amended and debated at length. Supporters described it as narrowly tailored to a small number of eligible inmates and emphasized victim-rights protections and exclusions for serious offenses; opponents remained opposed. The bill ultimately passed 18-17. The Senate then approved a Committee of the Whole report advancing Senate Bill 181 and several House bills—1338, 1344, 1336 as amended, 1227, 1314, 1028, 1282, and 1317 as amended—to third reading and final passage, and later adopted the consent-calendar bills in special orders without objection.

Transcript Highlights:

• <00:38:24.400> when forensic genetic genealogy testing when forensic genetic genealogy testing
• , that's the first question on the test, that's the first question on the test, right?
• at least passed the test. at least passed the test.
• passed that state's test. Yes? passed that state's test. Yes?
• , you passed a test, you passed a test, learned<04:03:18.600> the<04:03:18.680> traffic

Keywords: MS House Floor - 31 March, 2026; 10:00 AM, 925, all

Summary: The House convened with prayer, a guest vocalist, and the Pledge of Allegiance before moving into routine business. Members first recognized several special guests and school groups, including championship teams from Simpson County Academy, New Albany High School, Tougaloo College, Madison-Richland Academy, East Rankin Academy, Morton High School, and others, along with honorees such as Dr. Katrina Cox, Pamela Moody, Joe Helen Joey Walker, and Jimmy Carr. The chamber also noted a prior resolution honoring Reverend Dr. Victor Dixon and the Copiah County Ministerial Alliance, and Dr. Dixon led the opening prayer. On the calendar, the House adopted a conference report on House Bill 1752 dealing with judicial salaries. The report set new salary amounts for state court judges effective January 1, 2027, froze district attorney salary increases until January 1, 2028, and then tied DAs to 95% of circuit and chancery judges’ pay. It also removed mandatory raise language for judges and county court judges, and members briefly discussed the broader issue of legislative compensation. The report passed 115-2. The House then adopted a conference report on House Bill 377, the missing persons bill, which clarified definitions, added forensic genetic genealogy testing provisions, and set timelines for law enforcement to enter credible missing-person reports into NamUs and NCIC. That report passed 120-0. The chamber also adopted a conference report on House Bill 525, changing the penalty for sexual battery in a position of trust or authority from a 0-to-30-year range to a 5-to-30-year range; it passed 112-0. Later, the House adopted a conference report on House Bill 925 after removing veto-message language, and adopted another conference report on House Bill 939 combining a low-sat repealer change and a fire truck acquisition program that creates a Fire Equipment Fund supported by recurring black tag revenue. The House also approved unanimous-consent amendments to Senate Bill 3105 and recommitted Senate Bill 2747 for further work.

Transcript Highlights:

• They interpret genetic testing results, helping families and physicians understand and navigate complex
• I was looking out my office window across the street from the Student Union.

Transcript Highlights:

• Though states are doing stress testing, they've made planned design changes and other policy adjustments
• The window basically represents the duration of the amortization.

Transcript Highlights:

• solutions for outreach, person-centered services, value measurement, and ultimately the continuous testing
• These services include retrofits such as insulation, high-performance windows, energy-efficient equipment

Summary: The Assembly Budget Subcommittee on Human Services heard an overview of efforts to streamline access to safety net programs and move toward more automatic, person-centered enrollment. CDSS, DHCS, and CalHHS described current cross-enrollment between Medi-Cal, CalFresh, and CalWORKs, including data showing high overlap among programs and a text-message outreach pilot that increased CalWORKs applications and enrollments but reached only a small share of potentially eligible people. Witnesses emphasized barriers such as differing federal eligibility rules, data-sharing limits, privacy concerns, and the need for better technology, consent management, and stakeholder engagement. Members pressed the administration on how to institutionalize these efforts across administrations and asked for concrete budgetary and regulatory steps to support “no wrong door” enrollment and automatic referrals. The committee also reviewed several chair priorities. On the proposed foster care multi-agency office, CDSS said existing coordination structures already address much of the intended work and asked to verify prior fiscal scoring. On the Employment First Office, CalHHS explained that the office’s $1 million budget was eliminated in the 2024-25 budget as part of deficit reductions, while noting that employment for people with intellectual and developmental disabilities remains an administration priority through existing departmental coordination. For the food insecurity proposal, CDSS said it could provide technical assistance but would need new data-sharing agreements, could not separately calculate a CFAP participation rate with current data, and would likely need until July 1, 2027, plus ongoing staffing, to complete the requested report. The mandated reporter proposal drew support for reform, with CDSS estimating low-millions in one-time training costs and ongoing costs in the hundreds of thousands. The subcommittee also discussed a guaranteed income proposal. CalHHS suggested drafting new statutory language and considering a county-administered model rather than a state-run competitive grant process to reduce administrative burden, while members and public commenters urged support for AB 661 and a study of a permanent statewide guaranteed income program. Public testimony also supported automatic enrollment, community-supporting mandated reporting reforms, and cash assistance for fire recovery. In the final items, CSD described how local nonprofit partners helped during the Los Angeles fires with food, housing vouchers, transportation, and emergency energy assistance, and explained that LIHEAP and CSBG remain important but limited tools for disaster response. CSD also said recent federal staffing cuts and possible future federal budget threats could affect LIHEAP and CSBG administration, though no immediate service disruptions had occurred and additional LIHEAP funds were expected to be released soon.

Transcript Highlights:

• So what happens is bumblebees specifically actually have a wider flight window.
• They had the cremains tested by the University of Florida, and it turned out to have a variety of things

Summary: The Committee on Agriculture heard two informational presentations before taking up legislation. Tracy Dean of Conservation Florida described the organization’s work protecting wild and working lands, especially ranch and timber lands within the Florida Wildlife Corridor, and argued that agricultural conservation easements are essential to preserving habitat, water resources, family farms, and the corridor itself. Senators discussed how conservation easements can help family operations remain viable across generations, and Dean emphasized strong demand for the Rural and Family Lands Protection Program and Florida Forever funding. Dr. Jamie Ellis of the University of Florida then gave a detailed presentation on honeybees, their role in pollination and Florida agriculture, and major threats such as Varroa mites, queen quality, nutrition issues, hurricanes, and the yellow-legged hornet; senators asked about colony losses, pollination alternatives, and the economic importance of beekeeping in Florida. The committee then considered SB 210 on animal cremation, sponsored by Senator Harrell. The bill was described as a response to a case involving mishandled pet cremation and would require crematories to provide clear disclosures about services, prohibit false or misleading information, and authorize civil penalties enforced by the Department of Agriculture and Consumer Services. The bill was reported favorably after a roll call vote. Next, the committee took up SJR 318, a joint resolution by Chair Truenow creating a proposed ad valorem tax exemption for tangible personal property used in agricultural production or agritourism on agricultural land and owned by the landowner or leaseholder. Several industry and agency representatives appeared in support, and the resolution was also reported favorably by unanimous vote. The meeting concluded with no further business and adjournment motioned by Senator Rouson.

Transcript Highlights:

• CAN YOU SHORTEN THE WINDOW BEFORE YOU TAKE AN ACTION IS REASONABLE?
• THE GRANT PAYS FOR PRIMARILY TWO TYPES OF THINGS, EITHER ROOF WORK OR DOORS AND WINDOWS.
• CAN EITHER BE HURRICANE IMPACT DOORS OR WINDOWS OR SHUTTERS.
• THE WINDOWS HAVE NOT YET BEEN REPLACED YOU KNOW WHAT YOU'VE SEEN.
• COMPLETE WINDOW INSTALLATION SHOULD BE FINISHED IN 2028.

Keywords: 999, senate, all

Transcript Highlights:

• of the value avoided greenhouse gas emissions and the Public Regulation Commission's utility cost test
• Forty percent of our way to make payroll is going out the window.
• Forty percent of our way to make payroll is going out the window.
• Like this could open up a window to increase spending significantly, to connect that to state legislation
• utility... ...of avoided greenhouse gas emissions and the Public Regulation Commission's utility cost test

Bills: HM3, HM11, HM14, HM15, HM21, HM25, HB9, SB2, SB19

Keywords: nurses, health care workers, healthcare workers, frontline workers, hospital staff, clinicians, allied health professionals, support staff, public health, workforce shortage, nursing shortage, safe staffing, patient safety, rural health care, frontier communities, behavioral health, mental health, substance use disorder, substance abuse, health care memorial

Transcript Highlights:

• <00:24:13.120> has hour and 353 uh their appeal window has hour and 353 uh their appeal window
• Uh, you're testing my longevity with the department with that question.
• So we were trying to be 5-month window.
• Um the the concern I on this window.
• Um, so not the window of early March. Um, so not the window of the<01:13:49.360> group.

Keywords: 1187, senate, all

Transcript Highlights:

• That was the budget within the total budget of the project for the window work and window replacement
• That was the budget within the total budget of the project for the window work and window replacement
• That was the budget within the total budget of the project for the window work and window replacement
• That was the budget within the total budget of the project for the window work and window replacement
• Uh, and $2.9 million for the total window package that includes not just the windows, obviously, but

Keywords: 958, all

Summary: The Government Contracts Committee met with a quorum and approved the July 8 minutes. It then deferred several items from the July agenda, including a Kentucky Education Television contract because the vendor was not yet registered with the Secretary of State, and a University of Louisville contract at the university’s request. The committee also deferred a behavioral health memorandum of agreement and later a Department of Community Based Services contract after questions were raised about the scope of services and the need for additional information. The most extensive discussion involved the Seven Counties Services contract with the Department for Behavioral Health, Developmental, and Intellectual Disabilities. Committee members questioned why the state continues to contract with Seven Counties despite its bankruptcy and pension-related liabilities, how the funding split was determined, whether the services are statutorily required, and whether the state or another provider could deliver the services more efficiently. Agency representatives said Seven Counties is the sole provider of core community mental health services in its region, serves about 24,500 people, and that service needs and acuity remain high even as the number served has declined. A cabinet attorney said the bankruptcy dispute is ongoing and involves roughly $20 million in contested retirement contributions, though members suggested the amount may be higher. Members also raised broader concerns about whether local governments, especially Metro Louisville, should contribute more toward services tied to social determinants of health, and whether the contract includes services beyond what statute requires. The committee requested additional information on the contract scope and possible offsets or recovery of unfunded liabilities, and then voted to defer the Seven Counties contract to the next meeting. The committee also heard a separate DCBS presentation on the Youth Villages Intercept program, where staff explained it was selected because it is an approved evidence-based Family First prevention service, provides intensive in-home and foster care stabilization services, and is headquartered in Tennessee but operates across Kentucky; members asked for clarification on Medicaid billing and additional funding needs.

Transcript Highlights:

• It tests school boards. by and hence accountable members of their local communities. with the job of
• It addresses how we as a state can be assured of the reliability of the grid. through a reliability test
• , as you know, when San Antonio gets to 110 degrees four days in a row, there's like a three-hour window
• This is a clarification from from Senate Bill 147 that was simply a 51% test.
• I was looking over the list of people who tested positive for COVID-19. the fight in opposition, and

Bills: SCR5, SCR13, SB3, SB6, SB10, SB12, SB13, SB15, SB17, SB18, SB19, SB24, SB35, SB57, SB65, SB112, SB284, SB290, SB388, SB400, SB402, SB412, SB495, SB499, SB502, SB509, SB621, SB706, SB740, SB815, SB842, SB854, SB875, SB893, SB917, SB974, SB1025, SB1061, SB1073, SB1106, SB1268, SB1281, SB1300, SB1362, SB1379, SB1447, SB1451, SB1555, SB1902, SJR36, SJR12, SCR13, SCR25, SCR5, SCR22, SCR12, SCR24, SB495, SB412, SB10, SB18, SB565, SB372, SB842, SB765, SB62, SB19, SB666, SB707, SB888, SB687, SB706, SB847, SB290, SB13, SB1248, SB740, SB14, SB1006, SB504, SB917, SB925, SB388, SB1902, SB1121, SB995, SB857, SB305, SB296, SB284, SB35, SB6, SB815, SB3, SB1281, SB1379, SB1300, SB1497, SB1499, SB1498, SB1451, SB1061, SB15, SB65, SB241, SB304, SB402, SB499, SB621, SB974, SB1023, SB1024, SB1025, SB1106, SB686, SB112, SB371, SB204, SB400, SB609, SB1447, SB670, SB502, SB427, SB850, SB854, SB413, SB1555, SB1362, SB1346, SB1033, SB1220, SB1073, SB810, SB987, SB1539, SB893, SB447, SB875, SB406, SB509, SB985, SB965, SB17, SB1119, SB1505, SB12, SB24, SB57, SB1194, SB1253, SB1215, SB1532, SB1268, SB1302, SB856, SB650, SB583, SB673, SB840, SJR57, SCR8, SB213, SB681, SB1172, SB1252, SB378, SB610, SB918, SB1343, SB608, SB487, SB955, SB957, SB988, SB990, SB1019, SB1021, SB1120, SB251, SB958, SB535, SB761, SB1, SB541, SB315, SB379, SB1018, SB1737, SB266, SB1415, SB3, SB6, SB15, SB35, SB290, SB706, SB842, SB917, SB1281, SB1451, SB1902, SB12, SB13, SB17, SB19, SB388, SR261, SR265, SR276, SR277, SR281, SR286, SR293, SCR5, SCR13, SB2425, SB2880, SB10, SB12, SB13, SB17, SB18, SB19, SB388, SB412, SB495, SB2425, SB2880

Keywords: SCR 5, Senate Concurrent Resolution 5, Texas School for the Deaf, TSD, Robert Rives, gymnasium naming, building naming, honorary resolution, commemorative resolution, deaf education, hard of hearing, Gallaudet University, alumni hall of fame, football coach, school facility naming, education K-16, State Affairs, Texas Legislature, public school tribute, water rights

Transcript Highlights:

• This system will go in our prisons, two of our prisons, I think, this time, as a test trial, and it is
• As a test trial, it is a jamming device that will block all cell phone usage within that prison.
• identifies that there's an illegal cell phone within that correctional facility, it has a 20-minute window
• “If you drill a well, you can get your water tested.

Summary: The committee first filed a report on the executive protection detail and then reviewed a long list of House and Senate bills that were ready for action, with members instructed to hold any items they wanted removed. The committee then took up several agency requests to amend bills: the Auditor of State’s request for a $370 increase for special deputy expense allowance, the Administrative Office of the Courts’ requests for additional funding for court interpreters and substitute court reporters, and requests tied to local sales tax refunds, county property tax redistribution, emergency medical and law enforcement support, and Northwest Arkansas Community College tornado-related repairs. All of those amendments were adopted, and one amendment on House Bill 1034 was held over at Senator Johnson’s request. A major portion of the meeting focused on an amendment for the Department of Corrections to fund a pilot program using mobile technology to identify and disable illegal inmate cell phones at Varner and Cummins prisons. The bill sponsors and Corrections officials described the problem as a serious public safety issue, saying inmates use contraband phones for criminal activity, trafficking, scams, and outside coordination. Members asked about FCC rules, procurement, whether the system would jam or only identify phones, whether it would affect staff or nearby users, how quickly it would work, whether it would be a one-time or ongoing cost, and whether the department had existing budget authority. Officials said the proposal would require an RFP, that current funding was not available in the department’s budget, and that the technology would be a two-year pilot. The committee ultimately adopted the amendment and then gave the underlying bill a do-pass recommendation. The committee also considered an amendment for the University of Arkansas Division of Agriculture, which sought a $4 million increase in appropriation authority. Senators discussed the division’s role in county extension offices, 4-H, research, and salary competitiveness, while others questioned why the division needed more appropriation room when it already had about $10 million in headroom and had requested a different funding level through higher education. Division representatives said the increase would help with salaries and provide flexibility for future funding, and Higher Education staff clarified the original request and recommendation amounts. After extensive discussion, the committee adopted the amendment and gave it a do-pass recommendation. Finally, the committee began acting on governor’s letters, adopting amendments for a homestead property tax credit increase, insurance department conference travel, property appraisal analysis support, career and technical education professional development, regulatory and casino gaming appropriations, a new program integrity line for the Department of Inspector General, consolidation of licensing board appropriations, deletion of a completed Fort Chaffee Readiness Center appropriation, and a revised reappropriation package for prison expansion that included special language limiting use of the funds. Members asked several questions about the prison reappropriation, including whether it still related to the earlier Calico Rock project and whether special language should be considered separately; the committee moved the governor’s letters forward for drafting and further action.

Transcript Highlights:

• It recognizes that, barriers to the ballot box didn't stop at literacy tests.
• I don't go during the early voting window. I don't mail in my ballot.
• Literacy tests, poll taxes, registration traps, all Ranking Member Campbell: crafted with one cruel aim
• After Reconstruction, tools ranging from literacy tests to grandfather requirements were used to crush

Transcript Highlights:

• see some of the upsides up here as well that could drive increased On slide 42, this is our stress testing
• help inform your decision-making, if some of these worst-case scenarios materialize, we do stress testing
• Rock, but the building requires some tenant improvements to become an MVD office to have the teller windows
• Some of the areas that we want to push further into are, for example, online knowledge testing.

Keywords: 996, all

Transcript Highlights:

• However, genetic DNA testing, which is critical and identify a pre-existing conditions can take 3 to
• 6 months to process and many cases, multiple siblings, but also undergo testing which further delays
• But I don't like distracted driving laws because I don't want cops to look at my window to tell me what
• Senator Osgood I've had when this bill hit the first time we're talking about test texting while driving

Keywords: 999, senate, all

Transcript Highlights:

• Number one, and then number two, to the bill's point, I think it was a two-year window that if nothing
• temporary child placement in the annualized county statistics report, creating a backup from which to test
• gender transitions, they should cover the side effects, reversals for those who want it, and any testing
• you would think the health insurance companies would acknowledge this—any baseline and follow-up testing

Bills: SB397, SB481, SB596, SB760, SB855, SB1195, SB1196, SB1233, SB1257, SB1318, SB1368, SB1388, SB1398, SB1524, SB1558, SB1589, SB1677, SB1792, SB2034

Keywords: SB 397, telemedicine, telehealth, teledentistry, remote care, virtual care, consent documentation, patient consent, data collection, data sharing, audio-only telehealth, in-person examination, irreversible medical procedure, health professional regulation, Occupations Code, Texas Health and Human Services, medical records, provider compliance, data privacy, consumer rights

Transcript Highlights:

• citizens with that um I'm eager to hear citizens with that um I'm eager to hear the<00:02:59.519> test
• 00.400> ask<00:03:00.599> for<00:03:00.720> your<00:03:00.879> support the test
• Tony I ask for your support the test Tony I ask for your support today<00:03:01.959> and<00:03
• : I’m the political director of SEIU Local 26, representing 8,000 janitorial, security, high-rise window

Keywords: 1183, house

Transcript Highlights:

• It extends the window for using those funds from 26 to 29.
• We thought the cancer was gone, but in 2019 testing confirmed my worst fears: my cancer was back.
• Thank you for test. We have Max Page and Deb McCarthy. Good afternoon. I'm Max Page.
• This year also, the first blood test to detect Alzheimer's was cleared by the FDA, which is a huge step
• Rising sea levels narrow the window of time when shellfish harvesters can work, and even the mud beneath

Keywords: 995, all

Summary: The committee on Economic Development held a hearing on the DRIVE Act, a proposal to invest $400 million in Massachusetts research and innovation without new taxes. Governor Healey and administration officials said the bill would direct $200 million to public higher education research and regional partnerships and $200 million to a research funding pool for hospitals, universities, and other institutions, with the goal of retaining talent, leveraging private and philanthropic dollars, and offsetting major federal R&D cuts. They argued that research is a core economic engine for the state, supporting jobs across labs, construction, services, and surrounding businesses, and said the bill would help protect the Commonwealth’s tax base and competitiveness during a period of federal uncertainty and cuts to SNAP, Medicaid, and other programs. Committee members raised concerns about whether Fair Share surtax dollars should instead be used for K-12 and other community needs, whether the proposal is enough given the scale of lost federal grants, and how the money would be allocated. The governor responded that the funds are one-time surplus dollars, that most surtax revenue already supports education, and that the bill is meant as a bridge to stabilize public higher education and research. She also said the legislation includes a review board and could support a revolving or matched-fund approach in some cases. Several members pressed for more detail on selection criteria, future funding, and whether private companies and large endowments should contribute more. University of Massachusetts leaders and researchers testified that federal grant cancellations and delays are already causing layoffs, furloughs, rescinded admissions, and lost research capacity. UMass officials said the bill would help preserve faculty, postdocs, graduate students, and research programs in medicine, climate science, marine science, Braille instruction, and AI decision-making. They emphasized that the funding should be merit-based and that the state needs to act quickly to prevent talent from leaving Massachusetts. Business, labor, and industry groups, including MassBio, the Massachusetts Taxpayers Foundation, AIM, the AFL-CIO, and Building Trades, supported the bill, saying it would protect jobs, sustain the innovation ecosystem, and reinforce Massachusetts’ national leadership in research and life sciences. No vote was taken in the hearing.

Transcript Highlights:

• It's the place where I can go up to the Lost Mine or go down to the Window Trail and see the beauty of
• It's the place where I can go up to the Lost Mine or go down to the Window Trail and see the beauty of
• based on what we know, the point is, isn't it true that there is no plant like this in the world to test
• sensitive to vibration, and it's this important to national security, really there could not have been a test
• Members, the President's test is clear. And Senator West, I'm going to come to you in a moment.

Summary: The Senate convened with a quorum, heard an invocation, received a House message announcing passage of H.B. 500, and a gubernatorial nomination for the Upper Neches River Municipal Water Authority Board. The chamber adopted several resolutions, including SR 409 recognizing Blue Ribbon Lobby Day, SR 402 honoring the discovery of the woolly devil plant at Big Bend National Park, and recognitions for Operation Christmas RGV and Wilson County Day. The Senate also heard an announcement that the Committee on Senate Nominations action report had been placed on members’ desks. The body then took up and passed several bills. SB 2365 was passed to prohibit personal wireless communication devices by public school students during instructional time, with exceptions for health, special education, and safety needs. SB 1869 was passed to reaffirm the DSHS commissioner’s authority over controlled-substance schedule changes without rulemaking or judicial review. SB 1124 was passed to revise criminal discovery procedures in response to the Heath decision, with supporters saying it preserves exculpatory evidence protections while limiting suppression of inculpatory evidence when the defense already knew of it. SB 1758 was passed to create a Grayson County pilot study and temporary permitting hold concerning a cement kiln/quarry near a semiconductor wafer facility, and SB 2078 was passed to regulate composting in certain counties, after a clarifying amendment. The Senate also passed SB 33, barring governmental entities from transactions that support abortion assistance or out-of-state abortion procurement; SB 34, expanding wildfire preparedness measures, studies, equipment databases, and rural fire department funding; SB 1208, increasing the penalty for interference with public duties from a Class B misdemeanor to a state jail felony; SB 1030, removing the maintenance, repair, and overhaul tax for general aviation; SB 505, creating processes to address election irregularities; SB 2411, updating the Business Organizations Code and changing filing-method requirements; and SB 1333, addressing unauthorized entry, occupancy, sale, rental, lease, or conveyance of real property. Most measures advanced on voice vote or recorded roll call after motions to suspend the regular order and the constitutional three-day rule, with several members raising questions or objections, especially on the criminal justice, abortion, and public duties bills.

Transcript Highlights:

• The same thing is true with Windows and Microsoft Office.
• The same thing is true with Windows and Microsoft Office.
• And I think one of the key tests is that your implementers are not coming back to you, or they certainly

Summary: The committee met to approve prior minutes and receive updates on the Legacy Fund transparency website and fund performance. Staff reported the website procurement was in contract negotiations, with a planned go-live around November 1, and that the site would provide downloadable, more transparent information on fund holdings, allocations, history, and legislative appropriations while protecting confidential data. The investment office then reviewed performance through January 2026, describing strong returns relative to benchmarks, noting real estate and fixed income as weaker areas, and explaining that the fund’s diversification and internal management had helped offset market volatility, including recent geopolitical impacts. Members also discussed the in-state investment program, especially the Bank of North Dakota’s CD-match allocation. Several members questioned whether the program had been static for years and whether the uncommitted balance should remain parked there if it was not being used. The committee voted to pause further transfers into the program until the Bank provides a report and the committee can consider possible statutory changes; the motion also requested a cost-benefit analysis from RVK, and it passed by roll call vote. In the afternoon, RVK presented its review of the investment policy statement as it relates to the in-state investment program. The consultant said it found no major policy impediments, and that implementers and stakeholders generally felt the program was proceeding as intended. RVK emphasized best practices such as third-party due diligence, competitive risk-adjusted returns, diversification, pacing, and exit strategies, while cautioning that required lower-return investments or spending commitments can create pressure on the fund’s long-term real value. The consultant also raised ancillary concerns about state-level concentration risk, the need to distinguish between public and commercial infrastructure, and the lack of a central repository for all state funding commitments to the same projects.