Transcript Highlights:

• There are also requirements to implement program assessment and child assessment, and there are also
• We also have two assessments. The first assessment is called the CLASS assessment.
• We also have two assessments. The first assessment is called the We also have two assessments.
• The first assessment is called the class assessment.
• We also have a child assessment.

Summary: The Pre-K through 12 Budget Subcommittee held its first interim meeting, took roll, and established a quorum. Members introduced themselves, many noting backgrounds in education, school boards, local government, or parenting, and Chair Jenna Persons-Mulicka outlined the committee’s goal of building the fiscal year 2025-26 Pre-K-12 budget. She also reviewed the fiscal year 2024-25 education budget, noting that the Pre-K-12 portion totals about $21 billion, with the Florida Education Finance Program (FEFP) as the largest driver, along with major funding for VPK, school readiness, and school recognition. She explained that federal COVID relief funds have ended and that recent school choice legislation has affected budget structure. Commissioner Manny Diaz and department leaders then gave overviews of their divisions. Diaz highlighted Florida’s education rankings, record graduation rate, progress monitoring, expanded school choice participation, charter school growth, and teacher salary investments, while emphasizing a focus on literacy, math, and early learning. Carrie Miller described the Division of Early Learning’s school readiness and VPK programs, their funding, eligibility, accountability systems, and the importance of kindergarten readiness. Paul Burns outlined the Division of Public Schools’ work on educator quality, literacy, standards, certification, family outreach, federal programs, and school improvement. Suzanne Pridgen reviewed finance and operations functions, including budget management, FEFP calculations, grants, procurement, transportation, and emergency management. Adam Emerson described parental choice programs, including scholarships, charter schools, schools of hope, virtual education, and home education. Darren Norris detailed the Office of Safe Schools’ responsibilities for risk assessments, compliance inspections, threat management, grants, and training created after the Marjory Stoneman Douglas tragedy. Members asked questions about several issues, including whether the Safe Schools office recommends changes to the school safety grant distribution formula, whether early learning eligibility should shift from federal poverty level to state median income, how scholarship payments are verified to avoid funding students who return to public school, and whether daily attendance systems could improve funding accuracy. Other questions addressed hurricane-related survey disruptions, VPK provider reimbursement rates and instructional hours, teacher salary increases, school start time costs, and how voucher schools handle IEP accommodations. Department officials generally said some issues remain under review, supported moving school readiness eligibility to SMI, noted that scholarship and enrollment data are cross-checked and adjusted when needed, and said progress monitoring now helps schools support mobile students. On school safety, officials said exemptions are allowed in statute for some items but not for classroom doors, and that district-specific conditions matter. No votes were taken and no formal actions were reported beyond receiving presentations and discussion.

Transcript Highlights:

• , which is closely related to Dibbles, to the Dibbles assessment.
• Not that a teacher assesses, because a teacher, you do know within days, but that this assessment is
• Chairman, you mentioned that for this one, the assessment would be a mirror assessment that we have in
• place would be the assessment.
• or kind, I would say, of assessment that we should be using.

Summary: The committee first heard a detailed staff presentation on the LESC FY27 public school support recommendation. Staff reviewed the budget structure and explained that, despite a downward revision in state revenue estimates, the recommendation still relied on recurring and non-recurring revenue to support educator compensation, insurance, transportation, literacy, math, special education, and other school programs. Major recurring items included a 3% compensation increase, funding for an 80-20 health insurance cost share, insurance premium growth, and transportation adequacy funding. Staff also flagged a possible supplemental need of up to $35 million for virtual education tied to rapid enrollment growth in Chama and Santa Rosa, and members raised concerns about the quality, accountability, and funding model for virtual programs. Members asked questions about transportation for rural districts, the Martinez-Yazzie lawsuit fees, the treatment of enrollment declines in the school funding formula, and whether the word “average” in salary language should remain in the budget. Staff explained that the SEG should remain whole, that the insurance and transportation recommendations applied to all public school employees but not contractors, and that the budget included multiple math-related investments spread across several lines rather than one single appropriation. There was also discussion of out-of-school learning grants, school meals, literacy center operations, special education training, and the Public Education Reform Fund, including the use of multi-year, evaluation-based appropriations for high-impact tutoring and community schools. After discussion, the committee adopted the LESC budget recommendation. The committee then moved to endorsed legislation proposals. It endorsed a bill allowing the secretary to suspend an individual school board member, with notice and appeal procedures clarified, and a bill creating an 80-20 health insurance cost-share requirement for public school employees, along with a study of the sustainability of public school insurance programs. It also endorsed a bill on attendance provisions for students with severe medical conditions, which would keep those students from being classified as excessively absent. Finally, the committee discussed a teacher residency bill that would raise stipend levels, allow residents to complete service anywhere in New Mexico, and remove the requirement that sponsoring schools must hire them, though the bill did not include an appropriation. Members also raised questions about bilingual, Hispanic, and Black education funding, cultural and linguistic supports in teacher preparation, and where various programs should be placed in the budget or PERF framework.

Transcript Highlights:

• And then that's assessed value."
• reflected on your notice of assessment. reflected on your notice of assessment.
• assessment rate to 8.3%. assessment rate to 8.3%.
• I advised the assessment office. I advised the assessment board.
• I advised the assessment board. office. I advised the assessment board.

Keywords: 916, all

Transcript Highlights:

• Department of Education will develop and recommend a list of assessments that meet those standards.
• School districts may continue using local assessment tools, including kindergarten readiness assessment
• Department of Education has long recommended early assessment and intervention.
• Department of Education has long recommended early assessment and intervention.
• Every child deserves the Early math assessment into their math improvement strategies.

Summary: The Assembly Education Committee heard a long slate of education bills, beginning with SB 685 on nonpublic schools for students with disabilities. Senator Cortese and the California Department of Education described the bill as a response to the Ninth Circuit’s Laughman decision, removing the obsolete “non-sectarian” requirement while preserving secular use of public funds, nondiscrimination protections, background checks, credentialing, and incident reporting. There was no opposition, and the bill later passed 7-0 to Appropriations. The committee also heard SB 1181, a pilot grant program for violence prevention, student wellness, and school safety in Central Valley and other schools. Supporters framed it as a prevention measure, while opponents from EFF, ACLU Cal Action, and community advocates warned it could increase law enforcement involvement, surveillance, and use of fusion centers; despite those concerns, it ultimately passed 5-0 to Appropriations. Members then considered SB 1067, which would create a statewide framework for annual K-2 math assessments starting in 2028-29 to identify students needing early intervention. The author and supporters argued California faces a serious math achievement crisis and that early assessment would help close gaps, while CTA and several educators and administrators sought additional clarity and amendments to ensure alignment with existing diagnostic practices and limits on high-stakes use. The bill drew broad support from educators, parents, and advocacy groups and passed 7-0 to Appropriations. SB 1107, a school shade-structure bill, would expand eligible shade projects and allow bundling through design-build to reduce costs; it received support from LAUSD, school boards, and climate-focused groups and passed 7-0. SB 1128, on take-home devices and screen time for kindergarteners, was presented as a modest first step to give families more flexibility and reduce early screen exposure, with support from early childhood advocates and no opposition, and it passed 7-0. The committee also approved SB 1048, creating a voluntary State Seal of Climate Literacy for students who complete climate coursework and hands-on projects. Supporters, including Ten Strands, students, teachers, and county offices, said it would recognize real-world climate learning and green career readiness; it passed 7-0. SB 1140, sponsored by CFT, would require LEA construction contractors to follow campus security provisions during school projects to reduce unauthorized access; it drew support from labor and gun violence prevention groups and passed 7-0. SB 930, requiring end-to-end encryption for proctoring companies handling K-12 exam data, was presented as a student privacy measure in response to cybersecurity risks and passed 6-0. Finally, SB 1083 was introduced by Senator Perez as a follow-up to last year’s Safe Learning Environments Act, with extensive committee amendments to refine the statewide misconduct data system, disclosure rules, contractor fingerprinting, and access requirements; the transcript cuts off before the bill’s full hearing and vote are shown.

Transcript Highlights:

• I do appreciate the conversation on accountability and assessment reform.
• We need an assessment, and we need accountability.
• One of those is really that end-of-year assessment.
• Um, with the assessments, we were only familiar with one in our district.
• Assessment. You can compare state to state.

Keywords: 1185, senate, all

Transcript Highlights:

• And then for plan year 27, there will be assessments on group health carriers, and that assessment revenue
• > that<00:07:35.680> assessment<00:07:36.800> uh health carriers and that assessment
• Um it is the assessments will 116.
• Um those assessments 266.833 million.
• that they were um of the assessments that they were um assessed<00:08:24.879> in<00:08:25.199

Keywords: 1187, senate, all

Transcript Highlights:

• The department assessed just under $530,000 to 26 providers out of 171, and if the assessment had been
• <00:45:37.319> of the minimum assessment of the minimum assessment of $1,000<00:45:39.240>
• assessments.
• <00:50:31.000> docket assessing docket assessing docket participants<00:50:33.079> rather
• are paying twice our annual assessment are paying twice our annual assessment and<00:50:44.240><

Keywords: 1191, senate, all

Transcript Highlights:

• SB 1329 mitigates the risk of over-assessment.
• A shortened life accelerates depreciation and forces assessments below market.
• A shortened life accelerates depreciation and forces assessments below market.
• Defensible space compliance is not an assessment function.
• questions unrelated to the assessment. ...an accurate property tax assessment.

Keywords: 988, house, all

Transcript Highlights:

• The proposed bill will change the assessment for multifamily residential units from a commercial assessment
• to a residential assessment.
• The creation of the Class B assessment is a significant change in how multifamily properties are assessed
• under the Farmland Assessment Act is exempt from the bill's provisions.
• This assessment was just, here's the market rate. Here's what we do. There's your assessment.

Bills: HB371

Keywords: HB371, Delaware Agricultural Lands Preservation Act, farmland preservation, agricultural lands, agricultural preservation district, Farmland Preservation Advisory Board, county advisory board, Delaware Foundation, Department of Agriculture, DNREC, planning and zoning, growth zone, open space, land use, farmland protection, rural land preservation, agribusiness, active farmers

Summary: The Senate Executive Committee met in hybrid format, approved the minutes from its June 17 and June 18 meetings, and considered several nominations and bills. The committee heard testimony from Michael T. Skeuse for the Delaware Thoroughbred Racing Commission and Jay Eric Fearwald for the University of Delaware Board of Trustees; both nominees described their backgrounds and qualifications, and no objections were raised. The committee then moved to legislation focused largely on property tax reassessment and related school-tax issues, along with a technical constitutional corrections bill, an agricultural lands preservation cleanup bill, and a child-safety/service-letter bill. A major portion of the meeting centered on Senate Bill 350, which would create a third multifamily residential tax classification at 1.2 times the residential rate. Supporters argued apartments are housing and should not be taxed as commercial property, emphasizing relief for renters and fairness after reassessment. Opponents, including county and school officials, warned the bill would reduce local revenues, complicate tax administration, and create unintended consequences for counties, municipalities, school districts, and agriculture. Similar themes carried into House Bill 462, which would make the split-rate school tax structure permanent and lower the nonresidential cap to 1.85, and House Bill 463, which would align New Castle County senior school-tax exemptions with county exemption rules; both bills drew discussion about shifting burdens, fiscal impacts, and timing. The committee also heard House Substitute 1 for House Bill 320, a technical corrections bill to the Delaware Constitution, with one public commenter objecting to charter-related changes being included in a correction bill. House Bill 371, which removes the requirement for county farmland preservation advisory boards under the Delaware Agricultural Lands Preservation Act, was presented as a streamlining measure and had support from the Department of Agriculture and public comment in favor. House Bill 438, expanding service-letter requirements to a broader set of child-serving facilities and requiring reporting when employers fail to respond, was described as a cleanup bill closing a safety loophole. After public comment and committee discussion, the meeting ended with a motion and unanimous adjournment; no recorded votes on the bills were taken in the transcript.

Transcript Highlights:

• The assessed value is the value of the property after applying any assessment limitations.
• Taxable value is the assessed value of a property, less any applicable exemptions.
• How is it assessed? What tax rates are applied?
• There are assessment limitations, though.
• not allowed to have a police assessment fee.

Summary: The Select Committee on Property Taxes held its first meeting with opening remarks from the co-chairs and ranking member framing the committee’s task as developing property tax legislation for next session. Staff then gave a high-level overview of Florida property taxes, explaining how ad valorem taxes work, the roles of property appraisers, tax collectors, taxing authorities, value adjustment boards, and the Department of Revenue, and reviewing key concepts such as just value, assessed value, exemptions, taxable value, millage rates, homestead exemptions, Save Our Homes, and portability. The presentation also emphasized that property tax law is largely rooted in the Florida Constitution and that local governments choose millage rates, which affects collections. No public comment was taken. The committee then discussed five Speaker-proposed concepts. Proposal 1 would require cities, counties, and special districts to hold a referendum on eliminating property taxes on homestead properties; members raised concerns about local funding, public safety, special districts, renters, and the need for extensive voter education, with some suggesting countywide elections or town halls instead. Proposal 2 would create a new $500,000 homestead exemption for non-school taxes and a $1 million exemption for seniors 65+ or long-term homesteaders; members split between seeing it as meaningful relief for seniors and warning it could devastate local tax bases, especially in lower-value or rural counties, while also potentially trapping older homeowners in place. Proposal 3 would authorize the Legislature to raise homestead exemptions by general law; some liked the flexibility, but others worried about statewide one-size-fits-all impacts, political difficulty in reversing changes, and the need for local revenue replacement. Proposal 4 would change assessment caps for homestead and non-homestead property; several members said it would not provide enough relief and could shift burdens to rental properties and non-homestead owners. Proposal 5, eliminating foreclosure on homestead property for tax liens, drew the strongest opposition, with members saying it would undermine lien priority, mortgage and title systems, and incentives to pay taxes. Throughout the meeting, members repeatedly stressed the need to understand local fiscal impacts, including police, fire, infrastructure, and other services funded by property taxes, and to consider alternative revenue sources or offsets if taxes are reduced. The co-chairs said the committee is still in the information-gathering stage, that all ideas remain on the table, and that members should do “homework” by meeting with local taxing authorities and learning how property taxes are set and spent in their districts. The meeting ended with no votes on the proposals and adjournment after a motion to rise.

Transcript Highlights:

• ; the rape panic button; behavioral threat assessment and management.
• Since 2022, we have conducted almost 800 risk and vulnerability assessments.
• It's the gap that we have to fill in Oklahoma: behavioral threat assessment and management.
• Functional threat and vulnerability assessment.
• So, with the behavioral threat assessment, prevention is our goal.

Summary: The committee heard extensive testimony on Oklahoma school safety from Commissioner Tipton, OSSI director Mike Fike, OACTIC director Alan Young, OSBI lieutenant Isiles Keene, and Rogers County Sheriff Scott Walton. The main focus was a statewide school-safety framework built around response, prevention, and recovery. Witnesses described training law enforcement in the LASER active-shooter response model, adding A-TURK training for coordinated law enforcement/fire/EMS response, expanding run-hide-fight and Stop the Bleed instruction for educators and staff, conducting risk and vulnerability assessments, and using the Rave panic-button system and the ProtectOK tip app to speed reporting and dispatch. They also emphasized behavioral threat assessment and management (BTAM) teams as a prevention tool to identify and support at-risk students before violence occurs. Members asked about administrator and teacher training, school counselor involvement, how apps are deployed on personal versus school devices, and whether schools are actually using the programs. Witnesses said administrators, counselors, and SROs should be part of BTAM, that training is most effective when it is realistic and repeated, and that Rave is geofenced and typically invited onto devices by schools. Several members stressed that school leaders must buy in for safety plans to work, and one member raised concerns about traumatic training and the need for mental-health support as part of prevention. Witnesses said mental-health referral and monitoring are part of BTAM, but the school and local partners must manage the process. OSBI’s lieutenant added broader context, comparing school safety to fire safety and noting that Oklahoma still lacks some statutory requirements for intruder drills and stronger penalties for school threats. He also discussed possible future tools such as surveillance analytics, gunshot detection, ballistic-rated doors and walls, and better access controls, while warning that technology should supplement, not replace, basic safety systems and training. Sheriff Walton closed by describing rural response challenges and his foundation’s effort to place ballistic shields in schools and police cars, arguing that human resources and rapid communication remain the biggest gaps. No votes or formal actions were taken in the meeting.

Transcript Highlights:

• Energy assessments is another 14%.
• With this bill, we can assess the quality of schools.
• I'm here to speak in support of the Mass Save Assessments bill.
• So while our gas homeowners get their assessments from Mass Save, our other homeowners get their assessments
• The CET assessments are much more thorough and comprehensive.

Keywords: 995, all

Summary: The committee hearing focused on a broad set of energy efficiency, building decarbonization, school modernization, and lighting bills. Testimony generally came from municipal leaders, labor unions, environmental groups, and advocates who supported measures such as H. 3529/S. 2294 on building energy and decarbonization, H. 3577/S. 2286 on a zero-carbon renovation fund, H. 3476/S. 2275 on healthy and sustainable schools, H. 3565 on Mass Save zero-carbon assessments, H. 3477 on clean lighting and appliance efficiency standards, and the Dark Sky bills on outdoor lighting. Supporters argued these bills would cut emissions, lower utility bills, improve indoor air quality and school conditions, and direct resources to environmental justice, gateway, and low-income communities. Witnesses emphasized that Massachusetts’ older building stock and school facilities need major upgrades, and that state funding and financing tools are needed to close gaps left by declining federal support. Mayors, labor leaders, and environmental advocates said the proposals would create local jobs, expand apprenticeships, and help municipalities and schools undertake retrofits, ventilation improvements, heat pump installations, and other decarbonization work. Several speakers also defended Mass Save as highly cost-effective while urging new funding sources beyond ratepayer bills for larger-scale building upgrades. One representative asked about the difference between current Mass Save audits and proposed zero-carbon assessments, and the sponsor explained the new assessments would include heat pumps, solar, storage, wiring upgrades, and rate-structure guidance. There was also testimony on the Dark Sky bill, with astronomers and museum representatives arguing that better-shielded, downward-facing lighting would reduce energy waste, protect wildlife and human health, and preserve night skies without compromising safety. Committee members raised concerns about pedestrian safety and whether education might be enough instead of legislation; supporters responded that the bill follows established lighting standards and targets only unnecessary glare and skyward light. On the school bill, an open-shop contractor group opposed the measure, arguing its PLA and apprenticeship requirements would restrict bidding and reduce competition, while labor organizations strongly supported the workforce standards and prevailing wage provisions. No votes were taken during the hearing. The committee heard extensive testimony and several members asked clarifying questions, but the transcript does not show any final action or disposition on the bills.

Transcript Highlights:

• how will we over time assess our data? how will we over time assess our data?
• using the same types of assessments. using the same types of assessments.
• If we would have adaptive assessment.
• adopted the computer adaptive assessment adopted the computer adaptive assessment in<00:48:23.480
• apples same assessments apples same assessments which<00:49:58.160> is<00:49:58.280> something

Keywords: 958, all

Transcript Highlights:

• point is we haven't assessed a fourth mill and because we haven't assessed the fourth mill there's a
• mill we haven't assessed the fourth mill we haven't assessed the fourth mill there's<00:37:34.640
• assessed assessed And<00:37:54.560> and<00:37:54.960> so<00:37:55.119> I<00:37:
• Wyoming to assess four mills up to five. And so to assess four mills up to five.
• You asked assess that for uh chairman.

Keywords: 916, all

Summary: The committee met to consider amendments to House Bill 111. It first adopted amendment number one without objection. Members then discussed a Senate amendment related to a $750,000 state match for the Central Wyoming College Jackson project, with Senator Laursen explaining the request as a way to leverage local fundraising for the final phase of the project. He said the project had been underway since 2018, that the building was nearing completion, and that the amendment was intended to encourage a local fundraising campaign rather than wait for a later appropriation. Representative Lien questioned whether the funding had gone through the usual approval process, and other members raised concerns about bypassing standard procedures, while Laursen argued the request was consistent with prior late-stage project adjustments and reflected local skin in the game. The discussion also covered a Senate amendment concerning University of Wyoming land use, specifically whether language should remain requiring open space or allow trustees more flexibility to decide between open space and parking. One member moved to delete the Senate amendment and reinsert the stricken language, but after discussion the motion was withdrawn so the committee could consider all amendments together. Members noted that the university had already been discussing the plan and that the language change would not necessarily alter the trustees’ authority, though it might protect the university. The committee then turned to a Gillette College/Enzi building amendment. Senator Driscoll said the proposal was his own and not requested by the college, and Janelle Overberlander, founding president of Gillette Community College District, testified about the history of the project, including the 2021 separation from the Northern Wyoming Community College District, prior planning for a STEM building, and the later decision to revive the project as an academic building honoring Senator Enzi. She said the building is intended to address lab space needs and support industry partners, including companies expected to bring jobs to Campbell County. Driscoll explained that the amendment would provide a dollar-for-dollar match for non-state money and require Gillette College to move to a four-mill levy, which he said would eventually make the college a net contributor to the system. The committee continued discussing the amendment and its long-term fiscal effects, but no final vote on the later amendments is shown in the excerpt.

Transcript Highlights:

• . have adequate loss assessment coverage have adequate loss assessment coverage that<00:54:27.359>
• . assessment. assessment.
• Assessments.
• additional coverage of loss assessment additional coverage of loss assessment of<01:02:12.559>
• standards for loss assessment coverage. standards for loss assessment coverage.

Keywords: 1183, house

Transcript Highlights:

• not give them the authority to assess not give them the authority to assess fines<00:15:06.560><
• And do you able to review and assess it?
• So, I don't know what assess fines.
• specific rulemaking authority to assess specific rulemaking authority to assess fines.<00:19:26.240
• It also says imposition of assess fines.

Keywords: 1189, house, all

Summary: The committee first approved the minutes and adopted the consent calendar without objection. It then took up Department of Safety Rule 25161 on administrative license suspension forms. After discussion of a staff concern that the rule text should expressly require a defendant’s signature or refusal to sign, and the officer’s witness signature, the agency agreed to revised language. The committee voted to grant conditional approval with those edits. The committee next considered Department of Agriculture rule 192, concerning importation of bovines and domestic animals. Staff identified several issues, including an overly broad federal citation, an unclear definition of infection, a possible conflict between provisions on telephone-issued permits and documents that must be carried, and missing struck-through repeal language. Because the department had not proposed written fixes, members moved to postpone the item until next month, and the motion passed. A second Agriculture item, 25207, was discussed as a long-expired set of rules that the agency said were still needed to run its programs; the committee granted conditional approval. The Public Utilities Commission’s competitive natural gas supplier and aggregator rules prompted the most extensive debate. Staff argued the cited statutes did not clearly authorize the commission to impose fines on natural gas suppliers, while the agency responded that authority could be read from related Department of Energy transition language and general rulemaking provisions. Members discussed whether the issue reflected a statutory gap created when responsibilities were split between the Department of Energy and the commission. The committee ultimately voted to waive and postpone the item to next month so the attorneys could work out the authority question. The committee also postponed Department of Energy items 219 and 220 at the agency’s request, and it noted that the Liquor Commission’s emergency rule had been revised to reduce reporting from monthly to quarterly before being reissued, with the item also postponed.

Transcript Highlights:

• of Education will develop and recommend a list of assessments that meet those standards.
• School districts may continue using local assessment tools, including kindergarten readiness assessment
• Department of Education has long recommended early assessment and intervention.
• It is a developmentally appropriate assessment that helps educators... ...children.
• Allow for interventions earlier on for students who haven't been assessed yet.

Keywords: 988, house, all

Transcript Highlights:

• > taxed<00:24:51.080> that The local assessing officials taxed that The local assessing
• c><00:45:24.480> and year and assess my standing timber and year and assess my standing timber
• Is that a fair assessment? >> Yes.
• Is is that a fair assessment? assessment? assessment?
• <00:56:22.560> and RFP for an assessment and RFP for an assessment and go<00:56:23.800> and

Keywords: 1189, house, all

Summary: The meeting opened with a quorum present and approval of the April 17 minutes. The commission then heard a presentation from attorney Jacob Rhodes of Cleveland, Waters and Bass on the history and legal basis of New Hampshire’s timber tax, explaining that timber was historically treated as part of real property, that a 1913 case confirmed that view, and that a 1949 constitutional amendment created a separate timber yield tax to discourage clear-cutting and support forest conservation. He described the tax as a tax on the yield when timber is severed, not an income tax, and noted that towns are reimbursed through a system based on Department of Revenue Administration market data and local reports of cut. Members and guests asked how “yield” is defined, how the timber tax interacts with current use, and whether carbon sequestration could be treated similarly. Testimony explained that current use generally is not affected by harvesting timber, that towns can tax standing timber under RSA 79:5 but rarely do because it is labor-intensive, and that carbon credits might be valued using a similar market-data approach. Several speakers discussed a prior bill drafted with DRA input that would have treated carbon more like timber, but noted it never fully advanced in the General Court and that the version ultimately discussed by the House differed from the earlier DRA-comfortable draft. The discussion also covered whether carbon sequestration agreements are effectively long-term leases or transfers of timber rights, with Rhodes suggesting that 99-year arrangements could be taxable transfers of real property under DRA rules, though he had not reviewed specific agreements. DRA staff said they do not currently have a timber-like survey mechanism for carbon and would likely need access to proprietary market data or a subscription service to build one. No formal vote was taken beyond approving the minutes; the commission appeared to agree to revisit the carbon/timber valuation issue and the draft bill at a future meeting.

Transcript Highlights:

• <01:15:12.960> of even though the assessment of even though the assessment of manufacturing
• <01:27:02.639> value included in some of the assessed value included in some of the assessed
• It's worth noting that by and large the state assesses the generators, or has historically assessed the
• the generators or has state assesses the generators or has historically<01:29:34.960> assessed
• purposes of property tax assessments. purposes of property tax assessments.

Keywords: 928, house, all

Summary: The committee held a work session on HB 302, which would add precious metals and digital assets as potential investment options. State Treasurer Monica Misipelli said she took no position on the bill and did not see an immediate fiscal impact or operational problem, but explained that the state’s operating funds and rainy day fund require liquidity and stability, so they would not be suitable for volatile assets like precious metals or digital assets. She said the only funds that might potentially use such investments would be certain trust funds held in perpetuity, which are managed by an outside investment advisor under a contract and investment policy. Members asked about the treasurer’s current investment practices, including the types of funds managed, the role and discretion of the investment advisor, the state’s risk profile, and whether the bill would affect existing authority. Misipelli said the office follows RSA 11 and related statutes, with different objectives ranging from conservative to aggressive depending on the fund, and that the advisor meets with the office regularly, with formal performance reviews on a quarterly basis. She also said the office recently centralized management of about 40 trust accounts totaling roughly $60 million into five combined portfolios under a five-year contract with an RFP-selected vendor. When asked whether precious metals or digital assets are already indirectly available through mutual funds, she said that was possible for some mutual funds, but she was not certain about digital assets. Representative Ammon, the bill’s sponsor, said similar legislation had passed the Oklahoma House, the Texas House and Senate, and had advanced in Arizona. He argued the bill was intended to give the treasurer more tools to help balance portfolios and hedge inflation, noting concerns about federal debt and inflation. No vote was taken in the excerpt, and the chair ended the questioning after thanking the treasurer and asking her to remain available in case further questions arose.

Transcript Highlights:

• <00:14:02.720> to perform a pre-award risk assessment to perform a pre-award risk assessment
• followed a pre-award risk assessment followed a pre-award risk assessment checklist<00:15:44.959
• <00:16:34.240> data this is our early risk assessment data this is our early risk assessment
• assessments and the pre-award risk assessments and the trainings trainings trainings and<01:18:25.520
• interface with that pre- risk assessment interface with that pre- risk assessment process<01:21:

Keywords: 1183, house