Transcript Highlights:

• improvements in staff morale, student engagement, and academic success, including a threefold increase in math
• improvements in staff morale, student engagement, and academic success, including a threefold increase in math
• He began his career teaching elementary and middle school math for 11 years before transitioning into
• :43.039> school teaching elementary and middle school teaching elementary and middle school math
• > 11<00:28:44.080> years<00:28:44.559> before<00:28:44.840> transitioning math

Keywords: 910, house, all

Transcript Highlights:

• come in and serve in the House of Representatives, to just stay back because they didn't like the math
• come in and serve in the House of Representatives, to just stay back because they didn't like the math
• come in and serve in the House of Representatives, to just stay back because they didn't like the math
• come in and serve in the House of Representatives, to just stay back because they didn't like the math
• of the situation they were losing math of the situation they were losing in<00:09:16.680> the

Keywords: 1183, house

Summary: House Republican leaders announced that they had reached an organizational agreement with Democrats to organize the Minnesota House and end the session stalemate. Under the deal, Republicans will control the speakership while they hold a 67-66 majority, with Republican chairs on committees and a one-vote edge; if the chamber returns to a 67-67 tie, committees would shift to co-chairs with equal voting. Leaders said the agreement also preserves Republican control of the fraud prevention and agency oversight committee, which will be chaired solely by Rep. Kristin Robbins for two years with a 5-3 Republican majority. The leaders framed the agreement as a way to get lawmakers back to work, pass priority bills, and avoid a special session. They said House Republicans had continued meeting with constituents and interest groups during the delay and were preparing to introduce a large slate of bills, including anti-fraud measures. Rep. Nash said House Files 1 through 3 would be heard the following week in State Government Finance and moved forward; Robbins described them as a new independent inspector general, an accountability measure, and “fraud notes.” The discussion also covered the seating of Rep. Brad Tabke, with Republicans saying they wanted a full Ethics Committee hearing on the election issues before any final action. Leaders said the agreement reflected public pressure to return to work, the pending court case over quorum and organization, and the need to complete the budget on time. They also said the Speaker’s role would be largely full-power rather than a co-speaker arrangement, while some shared decision-making would remain for conferees, absences, and certain administrative appointments.

Transcript Highlights:

• I'm not a math person, but I did the math at the time.
• years of math.
• years of math.
• Not everyone is a math person. They can get math in different ways.
• amounts of functional math. amounts of functional math.

Keywords: 1189, house, all

Transcript Highlights:

• And in that, I have math, and I have questions, and I can't say yes to something that I can't validate
• the math on.
• want to fund our schools, and not because I don't want to help out our taxpayers, but because the math
• ain't mathing.
• This is a no for me on general principle of the way it was put together and the math that exists.

Keywords: 970, all

Transcript Highlights:

• He said he was always good at math and was selected for advanced math classes.
• that when he asked why there were no girls in those classes, he was told that girls aren't good at math
• Schools I've always been good at math Schools I've always been good at math and<00:25:10.200>
• and was selected for advanced math and was selected for advanced math classes<00:25:12.679> when
• to my 12-year-old brain this made math to my 12-year-old brain this made sense<00:25:21.840> it

Keywords: 958, all

Summary: The committee first heard House Bill 305, which would clarify and expand a healthcare workforce bill to explicitly include physician assistants and dietitians in efforts to address shortages, especially in rural areas. Rep. Fleming said the change was intended to help with Medicaid-related needs such as diabetes care and noted a decline in dietitian internship applications. Rep. Roarx supported the bill, emphasizing the value of dietitians in helping patients make practical nutrition changes. The bill received a unanimous favorable expression, 14-0, and was reported to the House floor. The committee then considered House Bill 427, which would create statewide 60-credit-hour transfer pathways for high-demand bachelor’s degree programs under the Council on Postsecondary Education. Rep. Grossl explained the bill is meant to prevent students from losing major credit when transferring between KCTCS and four-year institutions, using nursing as an example. Questions focused on rigor, dual credit, how high-demand programs would be selected, and the July 1, 2026 implementation date; the sponsor said CPE and faculty would map curricula and align standards. The Kentucky Student Rights Coalition testified in support, saying the bill would help students complete degrees faster and make credits count toward majors. HB 427 also passed unanimously, 14-0, with favorable expression. The committee then took up House Bill 424, as amended by a committee substitute. Rep. Tipton said the substitute removed language allowing up to six-year contracts and instead set up a process for four-year contracts and periodic performance reviews for faculty, including presidents, at public postsecondary institutions. He said the bill is intended to give universities clearer authority to remove underperforming employees and be more efficient with taxpayer dollars. Several faculty witnesses opposed the bill, arguing it would erode tenure protections, create arbitrary performance standards, and harm recruitment, retention, and academic freedom. The committee adopted the substitute and heard testimony, but no final vote on HB 424 is shown in the transcript excerpt.

Transcript Highlights:

• even showing the basic skills. comes to math and reading and civics and comes to math and reading and
• <03:03:25.920> scores have seen now 12th grade math scores have seen now 12th grade math scores
• in math, down two points<03:03:54.640> from<03:03:54.960> 2019.
• <03:04:21.439> Uh level uh college math work, down 4%.
• Uh level uh college math work, down 4%.

Keywords: U.S. House of Representatives Floor Proceedings on Friday, September 19, 2025, 1012, house, all

Transcript Highlights:

• Is that kind of the math that you saw from the first page? So, Mr.
• Simple math.
• So doing the direct math.
• and that their math is correct.
• Also, we might see that some of these other math figures actually go down.

Summary: The committee heard first from LFC staff on a brief about New Mexico’s universal child care expansion. Staff said child care assistance has clear benefits for parents and families, but LFC has not found evidence in New Mexico that it improves children’s educational outcomes; they argued pre-K is the better tool for that goal. The brief highlighted four concerns with universal access: an estimated annual cost of about $849.7 million, a sharp decline in registered homes, possible crowding out of lower-income families, and reduced access for children under age two. Staff also suggested possible mitigations such as prioritizing slots for low-income and at-risk families, reinstating sliding-scale co-pays, and tying quality improvements to workforce wages. Members raised questions about the cost estimate, funding sources, provider quality, and whether the data showed actual crowding out. Several lawmakers expressed support for child care generally but concern about the fiscal impact and whether universal access would divert resources from the families most in need. Others emphasized the importance of child care for workforce participation, rural communities, and family stability, and questioned how registered homes are counted and regulated. LFC staff clarified that the cost estimate was for child care assistance only, not the entire ECECD budget, and that the data showed declines in the share of lowest-income children and infants/toddlers served, though not causation. The ECECD secretary then presented the department’s response, saying universal child care is intended to complete a cradle-to-career system and that the department has already seen strong uptake, increased capacity, and rising workforce participation. She said 6,206 families were found eligible in the first month, the share of infants and toddlers served rose, and new provider applications and licensed slots increased after the November rollout. The department also emphasized wage increases, quality improvements, and a new wage scale/career lattice, while projecting a lower near-term cost than LFC’s estimate and requesting additional funding for child care, early pre-K, home visiting, workforce systems, and capacity-building. No votes or formal actions were taken in the portion provided; the discussion was informational and focused on questions and testimony.

Transcript Highlights:

• I would just tell you that if you watch it for years ago the best math school in the whole town of Roswell
• Uh, Economically deprived area and they always had the highest math course.
• Nonetheless, I think that his excellent math skills are going to serve him should he choose to start
• If you walk into a math classroom, an English classroom, you're likely to see desks in rows, a pretty
• We do not use calculators in our math classes.

Transcript Highlights:

• That this number, the eight on page one, and then you kind of see it here with the math of the 103 and
• the negative 95, but it kind of looks like— It here with the math of the 103 and the negative 95, but
• Before we can continue, though, I would like to just note that, and I can do the math here, I covered
• We just did some round math, and it's about $100,000, give or take, with the 1% FMAP change.
• We're in trouble if Donna's doing cowboy math, too. Does that answer your question? That's too bad.

Bills: SB2015

Keywords: corrections, rehabilitation, prison budget, department of corrections, adult services, youth services, correctional facilities, Heart River correctional center, Missouri River correctional center, James River correctional center, minimum security facility, county jails, regional jails, deferred maintenance, capital construction, strategic investment and improvements fund, Bank of North Dakota, line of credit, tasers, body cameras

Summary: The committee met to review revised long sheets and section-by-section language for a human services/health budget bill, with much of the discussion focused on how to present block grant funding and full-time equivalent (FTE) positions for behavioral health clinics and CCBHCs. Members debated whether to keep FTE counts in the budget at all, ultimately leaning toward removing or zeroing out the FTE references while keeping the dollar authority, and reducing the salaries-and-wages block grant by about $4.75 million. They also discussed public health federal authority, agreeing to remove about $60 million in unused federal spending authority tied to COVID-era funds, and clarified that if federal money later becomes available it could be requested through the Emergency Commission. A major topic was the provider inflation increase. The House version had 2% and 2%, while members debated alternatives and appeared to settle, at least for further work, on 2% in the first year and 1.5% in the second year, with staff asked to recalculate the fiscal impact. The committee also reviewed FMAP changes, noting a revised 2027 FMAP estimate and its effect on general fund and other funds, and discussed whether to adjust public health and other line items accordingly. Several members emphasized that many of these numbers are still tentative and will be refined before final action. The committee also touched on several policy items and capital-related provisions, including behavioral health services, Medicaid expansion, the moratorium on new ICF beds, and a proposed amendment for a medical homes/fourplex-related item that would show a $400,000 legislative investment with repayment from a developer. There was extended discussion of the All True hospital/facility proposal, with some members favoring leaving it in with a smaller initial commitment and others preferring to remove it and revisit later in conference committee. The meeting ended with staff asked to continue updating the bill language and members instructed to review remaining sections before the next meeting; no final votes were taken in the portion provided.

Transcript Highlights:

• She asked whether that math is right.
• She asked whether that math is right.
• She asked whether that math is right.
• about is my math about is my math right<00:39:32.960> start<00:39:33.960> okay<00:
• by saying I can't argue with your math by saying I can't argue with your math if<00:39:42.760>

Keywords: 928, house, all

Summary: The Fiscal Committee met on January 30, 2025, and first organized itself by electing Senator Jim Gray as vice chair, electing Representative F as clerk, appointing Michael Caine as legislative budget assistant, and adopting the committee’s rules and procedures. The committee also adopted an amendment to the rules allowing audits to be automatically released to the public once placed on the Fiscal Committee agenda, with members discussing that the change would improve transparency and reduce paper handling. The minutes from the November 15, 2024 meeting were approved, with members who were absent abstaining. The committee then worked through a consent calendar and several individual items. It removed or noted withdrawals on a few items, including item 25004 for further discussion, item 25016 withdrawn by the Department of Education, item 257 removed by Representative F, and item 25001 removed under Tab 4. Item 25004, concerning the newborn screening program, prompted testimony from the Department of Health and Human Services explaining that the program is mandatory with an opt-out provision; officials said 99.2% of newborns were screened in 2023, meaning the opt-out rate was under 1%. The committee also approved item 25007, related to DHHS community health workers and telework policy, after hearing that the workers are not placed in schools and that DHHS follows statewide telework policy. On the regular calendar, the committee approved a Department of Administrative Services request to extend the release date for fiscal year 2024 numbers to March 31, and approved a Department of Fish and Game item. It also approved winter maintenance funding for the Department of Transportation after hearing that the $5.7 million request might not last through the winter if additional storms occur; DOT said even a small storm can cost more than $1 million and that crews are dispatched based on road conditions and supervisory judgment. The committee then approved items for the Judicial Council and the Office of Legislative Budget Assistant. The final discussion focused on the Health and Human Services dashboard and the Youth Development Center claims. DHHS acknowledged a data error in the APS client line and said Community Mental Health Center caseload data is still not fully accurate because two centers are undergoing EHR conversions. Members also asked about the low census at the Sununu Youth Development Center and about the process for managing future claims related to the YDC settlement fund. Witnesses from the Attorney General’s office said the fund is handled through a unique arrangement involving DOJ appropriations and judicial branch staff, that current judicial budget cuts are not yet affecting the litigation pace, and that the average resolution so far has been about $500,000, though future claims may vary. No votes were taken on the discussion items beyond the approvals noted above.

Transcript Highlights:

• is because we're already seeing some really good results in Albuquerque and my school district on math
• It would be nice if we could begin a process of if reading and math is something that we want to do.
• In In terms of reading and math, we think those are very important.
• been a while since I've written this brief, but for Child care assistance, there is no reading or math
• requirements that we all mentioned as a committee. and the other 107 legislators I'm trying to do math

Keywords: 996, all

Transcript Highlights:

• But the math doesn't lie.
• But the math doesn't lie.
• But the math doesn't lie.
• But it's math.
• And my math on my top of my defense.

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, May 6, 2025, 1012, house, all

Transcript Highlights:

• What happened to my math teacher? Where's my English teacher?
• I mean, if I had a kid who was struggling in math and in seventh grade, he got this retired math teacher
• I mean, if I had a kid who was struggling in math and in seventh grade, he got this retired math teacher

Bills: HB17, HB21, HB24, HB41, HB42, HB45, HB1134, HB1237

Keywords: HB 17, District Attorneys' Retirement System, retirement system, reemployed retiree, reemployment, supplemental retirement benefit, service credit, benefit suspension, public retirement, district attorney, assistant district attorney, Louisiana District Attorneys' Association, employer reporting, annual report, retirement benefits, state employees, local funds, state funds, Municipal Employees' Retirement System, part-time retirees

Transcript Highlights:

• What happened to my math teacher? Where's my English teacher?
• I mean, if I had a kid who was struggling in math and in seventh grade, he got this retired math teacher
• I mean, if I had a kid who was struggling in math and in seventh grade, he got this retired math teacher

Summary: The Senate Committee on Retirement met on May 5 with four members present. HB 41 was deferred until the following week, and the committee approved the April 20, 2026 minutes. The committee then took up several retirement-system bills, many of them negotiated measures involving municipal police, firefighters, teachers, district attorneys, and judges. HB 45, by Rep. Bacallat, was amended and reported favorably. It makes changes to the Municipal Police Employees Retirement System, including retention bonuses, recognition of out-of-state police service, benefits for three officers killed in the line of duty before full enrollment, a DROP fix, and more competitive accrual rates. Testimony from the Louisiana Municipal Association, MEPERS, police representatives, and Mayor Helena Marino was strongly supportive, emphasizing that the bill resolves longstanding disputes and litigation. HB 1237, also by Rep. Bacallat, was reported favorably after testimony that it eliminates partial dissolution penalties for municipal police and adjusts related firefighter provisions; witnesses said it was a negotiated fix supported by municipal and fire stakeholders. HB 42, concerning phased retirement in the Teacher Retirement System, was reported favorably as a permissive framework allowing universities to offer phased retirement options. HB 17, by the District Attorneys’ Retirement System director, was reported favorably to add the Louisiana District Attorneys Association to the definition of employer and require annual reporting on the rehire statute. HB 21, a cleanup bill for the Municipal Employees Retirement System, was also reported favorably. HB 1134, creating a backdrop retirement option for certain judges whose positions are abolished, was amended and reported favorably after LASERS raised questions about early retirement eligibility and the need to bar future judicial candidacy. HB 24, by Rep. Owen, drew the most discussion. It would allow retired or certified teachers to return to work through contracts with school systems, with a three-year sunset. The sponsor argued it would help keep qualified teachers in classrooms and avoid midyear departures, while TRSL, the Louisiana School Board Association, and committee members raised concerns about fiscal impact, contractor status, workers’ compensation, leave rules, and overlap with a separate bill being worked on by the chairman. After an amendment clarifying the independent-contractor definition was adopted, the committee chose to hold the bill in committee for further work rather than advance it immediately. The meeting ended with a motion to adjourn.

Transcript Highlights:

• I'm not a math person, but I did the math at the time. 15% who were there that day chose not to take
• I'm not a math person, but I numbers.
• I'm not a math person, but I did<03:09:48.319> the<03:09:48.479> math<03:09:48.640>
• And now math class is done for the day.
• And now math class is done for the day. And now math class is done for the day.

Keywords: 928, house, all

Summary: The committee heard House Bill 1331, which would allow the town of Derry to incorporate the Derry Cooperative School District as a department of the town through a charter amendment. The prime sponsor and several supporters argued the change would increase local control, streamline overlapping town and school functions, and potentially help align school spending with Derry’s tax cap. Supporters also said Derry is large enough to warrant a structure more like Manchester or Nashua, and one witness cited a 2018 nonbinding Derry ballot question that passed 597 to 547 in favor of seeking authorization for this change. Opposition came from NEA New Hampshire President Megan Tuttle, who said the association and the Derry Education Association opposed the bill because schools are not simply another municipal department and because Derry voters had already rejected merging the district into town government. She argued the state should respect local control and the community’s prior decision. Committee members asked about the scope of the proposed charter change, the role of the school board, and the reported prior vote, and the sponsor clarified that the amendment would be limited to this specific purpose rather than opening the entire charter. The hearing then moved to House Bill 1374, which would change the procedures for withdrawing from a cooperative school district. Representative Mary Murphy said current law gives other cooperative towns too much control over a withdrawing town’s decision, and her bill would remove the requirement for approval by the other towns while raising the withdrawing town’s approval threshold to a supermajority. She pointed to Francis Town’s 2024 withdrawal vote and said the bill was intended to protect students and local decision-making. The sponsor asked for an ought to pass recommendation, and committee members asked follow-up questions about the prior withdrawal vote and the number of voters involved.

Transcript Highlights:

• AS SCOTT MAXWELL SAID FROM THE ORLANDO SENTINEL, FLORIDA EIGHTH-GRADERS HAVE POSTED THE LOWEST MATH SCORES
• next bill. >> Student Academic Success CS/HB... 809, a bill relating to disability and awareness instruction
• This is a bill that requires annual training for instructional, administrative, and... ...other personnel
• Currently, schools are required to provide instruction regarding child human trafficking to students

Bills: HB 29, HB 125, HB 145, HB 171, HB 255, HB 50, HB 796, HB 363, HB 116, HB 491, HB 589, HB 1495, HB 368, HB 1285, HB 1905, HB 1360, HB 2002, HB 917, HB 2723, HB 2067, HB 1238, HB 2337, HB 745, HB 1188, HB 1606, HB 2003, HB 2147, HB 2391, HB 2355, HB 2546, HB 2495, HB 2818, HB 2249, HB 1749, HB 3109, HB 3228, HB 3240, HB 1507, HB 658, HB 1748, HB 1851, HB 1922, HB 2001, HB 2798, HB 107, HCR 29, SB 5, SB 262, HB 11, HJR 72, HB 106, HB 18, HB 48, HB 27, HB 37, HB 1481, HB 581, HB 1696, HB 2216, HB 1035, HB 1633, HB 742, HB 754, HB 1689, HB 1690, HB 2669, HB 391, HB 517, HB 1024, HB 1607, HB 252, HB 1716, HB 1562, HB 4116, HB 1866, HB 1741, HB 2103, HB 2637, HB 2884, HB 503, HB 1089, HB 2986, HB 972, HB 502, HB 29, HB 125, HB 145, HB 171, HB 255, HB 50, HB 796, HB 363, HB 116, HB 491, HB 589, HB 1495, HB 368, HB 1285, HB 1905, HB 1360, HB 2002, HB 917, HB 2723, HB 2067, HB 1238, HB 2337, HB 745, HB 1188, HB 1606, HB 2003, HB 2147, HB 2391, HB 2355, HB 2546, HB 2495, HB 2818, HB 2249, HB 1749, HB 3109, HB 3228, HB 3240, HB 1507, HB 658, HB 1748, HB 1851, HB 1922, HB 2001, HB 2798, HB 107, HCR 29

Keywords: water audit, water loss, water loss mitigation plan, municipally owned utility, municipal utility, water conservation, Texas Water Development Board, TCEQ, Texas Commission on Environmental Quality, water leakage, leak detection, billing data accuracy, utility validation, water audit validation, water scarcity, water management, infrastructure, public utility, conservation plan, administrative penalty

Summary: The Florida House of Representatives conducted legislative business including prayer, pledge, and voting on multiple bills. Key legislation included HB 1105 expanding Florida Bright Futures Scholarship eligibility, HB 443 on charter school regulations (passed 83-23), and HB 1539 on materials harmful to minors (passed 81-29) after extensive debate about book challenges in schools. Other bills addressed education funding, law enforcement benefits, parole guidelines, and various local issues. The Speaker announced budget negotiations with the Senate have stalled, with disagreements over spending levels and tax cuts. The House will not meet this weekend as originally planned. Session adjourned until tomorrow at 10 AM.

Transcript Highlights:

• . >> Now, let me just put this in terms as a non-math person.
• on a referendum and they would have the final say. >> Now, let me just put this in terms as a non-math
• ;> Now, let me just put this in terms as a >> Now, let me just put this in terms as a non-math
• 46.239> So,<00:02:46.480> would<00:02:46.720> this<00:02:46.959> bill non-math
• So, would this bill non-math person.

Keywords: 918, senate, all

Summary: The discussion focused on Minnesota affordability pressures, especially rising property taxes, gas, and grocery costs. Senator Michael Kreun said property taxes rose by nearly $1 billion statewide in the last year, about 7%, and argued that many constituents are worried about being able to stay in their homes. He attributed much of the increase to unfunded state mandates on cities and counties and said mandate relief should be part of the solution. Kreun described a bill that would cap city and county property tax growth at the rate of inflation, with an additional allowance tied to population growth. Under his example, if inflation were 3% and a city grew, property taxes could rise 3.5%; anything above that would require voter approval through a referendum. He said the proposal would not apply to school districts, which already have a separate cap. He also mentioned other relief ideas, including increasing the disabled veterans property tax exemption and allowing seniors to defer property tax increases until they sell their homes. Kreun said the proposal has been mostly well received by constituents and homeowners, while local governments are concerned about losing revenue if state mandates continue. He said relief could begin as soon as the next property tax statement if the bill passes this year. He also noted broader affordability ideas in his caucus, including eliminating taxes on tips and overtime and reducing tab fees, but said he was not aware of current bipartisan efforts on property taxes specifically and remained open to working across the aisle on affordability measures.

Transcript Highlights:

• off of the program, both from some no longer qualifying for MA but also what we would call in the math
• off of the program, both from some no longer qualifying for MA but also what we would call in the math
• off of the program, both from some no longer qualifying for MA but also what we would call in the math
• off of the program, both from some no longer qualifying for MA but also what we would call in the math
• level set in case not everyone knows what the unwinding was: during the federal emergency, we were instructed

Bills: HR1

Keywords: January 6 insurrection, pardon, law enforcement, violent crimes, public safety, justice system, political accountability, 1183, house

Transcript Highlights:

• <00:41:51.440> do<00:41:51.599> some<00:41:51.920> basic<00:41:52.400> math
• So, as I do some basic math, officers.
• So, as I do some basic math, my<00:41:52.960> understanding<00:41:53.359> is<00:41:53.599
• <00:42:14.720> says<00:42:14.960> that's line which my basic math says that's line
• which my basic math says that's around<00:42:15.920> $55<00:42:16.400> to<00:42:17.000>

Keywords: 1191, senate, all

Transcript Highlights:

• A few points: PCG, the individuals, as I affectionately call them, the math nerds, will be available
• A few points: PCG, the individuals, as I affectionately call them, the math nerds, will be available
• A few points: PCG, the individuals, as I affectionately call them, the math nerds, will be available
• A few points: PCG, the individuals, as I affectionately call them, the math nerds, will be available
• If you want, I can share how we got our policy and our formula, and we show you all the math.

Keywords: 928, house, all

Summary: The House Commerce Committee opened a public hearing on House Bill 310, sponsored by Representative Keith Ammon, which would create a study commission to develop a legal framework for stable tokens and tokenized real-world assets. Ammon described stable tokens as blockchain-based digital tokens backed by U.S. dollars or treasuries, and tokenized real-world assets as representations of ownership in items such as gold, real estate, or artwork. He said the bill is intended to help New Hampshire get ahead of emerging financial markets while waiting to see how federal legislation develops. Committee members asked about the purpose of the bill, the difference between this proposal and Bitcoin, whether state regulation could be preempted by federal law, and whether the commission could be balanced and avoid becoming a vehicle for fraud or money laundering. Ammon said the proposal is blockchain-agnostic, could apply to multiple networks, and is meant to regulate asset-backed tokens rather than create a state-issued coin. He emphasized that the state would not be guaranteeing the underlying assets, but would set rules requiring audits, proof of reserves, and honest representation of backing, with the Secretary of State’s securities office involved in oversight. Several members raised concerns about the risks of stablecoins, including money laundering, tax evasion, and possible harm to the dollar or confusion about whether the state was endorsing a new currency. Ammon responded that the bill would not undermine the dollar and argued that tokenization could actually expand demand for U.S. currency by making it easier to use globally. He also said the state would not be in the business of weighing assets or directly valuing them, only ensuring a valid audit trail and one-to-one backing. The discussion ended with general agreement that the subject is complex and that a commission could help develop future legislation, but no vote or final action was taken in the hearing.