Video & Transcript Research : 'Section 434.032'
Page 98 of 500
NM
New Mexico 2025 Regular Session
House - Chamber Meeting Oct 2nd, 2025
Transcript Highlights:
- What is required for germaneness under that section, Mr.
- Speaker, gentlelady, is under Sections 1 through 7.
- The reason why in the previous sections of the bill prior to section eight, that...
- I'm going to start on the last page, section 14.
- What's the effective date of sections 1 through 7?
FL
Florida 2025 Regular Session
Rules Apr 21st, 2025
Transcript Highlights:
- THE SWIMMING POOL INDUSTRY THEY SUPPORT SECTION 5 BUT THEN IT REFINES THEIR SCHOOL BUT THEY OPPOSE SECTION
- AND WHO IS SUPPORTING SECTION 6?
- SECTION 6 LANGUAGE, THE POOL CONTRACTORS I WOULD LIKE SECTION 5, DO YOU THINK YOU'LL HELP SOMEBODY OUT
- OUR STATE CONSTITUTION PREAMBLE IN SECTION 1 AS WELL AS OUR U.S.
- CONSTITUTION ARTICLE I SECTION 3 OF OUR FLORIDA STATE CONSTITUTION.
FL
Transcript Highlights:
- BY REPRESENTATIVE TANT AND OTHERS, AN AMENDMENT TO SECTION 6 OF ARTICLE 7 IN THE CREATION OF A NEW SECTION
- Basically, section 6 of this bill, section 6 refers to lethal injection and methods by... ...which the
- AMENDMENTS TO SECTION 2, SECTION 2 AND 17 OF ARTICLE 3, AMENDMENTS TO SECTION 2, SECTION 2 AND 17 OF
- SECTION 4 OF ARTICLE 6 IN THE CREATION OF A NEW SECTION OF THE STATE CONSTITUTION THAT PROVIDES PROVISIONS
- 2, SECTION 2 AND 17, SECTIONS 3, FOUR, FIVE, AND SIX, SECTION 4 OF ARTICLE 6 AND...
Bills:
SB 2, HB 2, HB 2000, HB 2196, HB 213, HB 222, HB 645, HB 1458, HB 1022, HB 141, HB 502, HB 643, HB 3093, HB 1700, HB 117, SB 503, SB 2, HB 120, HB 20, HB 150, HB 6, HB 100, HB 210, HB 215, HB 1393, HB 1151, HB 1268, HB 142, HB 451, HB 124, HB 2, HB 2000, HB 2196, HB 213, HB 222, HB 645, HB 1458, HB 1022, HB 141, HB 502, HB 643, HB 3093, HB 1700, HB 117
Keywords:
public education, teacher compensation, certification, funding, school finance, educator rights, education funding, charter schools, staff compensation, state aid, retention allotment, child grooming, sex offender registration, criminal justice, reportable conviction, law enforcement, virtual education, hybrid learning, school funding, average daily attendance
NM
New Mexico 2026 Regular Session
Senate Chamber Jan 22nd, 2026 at 11:13 am
New Mexico Senate Floor Meeting
Transcript Highlights:
- 30-1-9.2 NMSA 1978, being Laws 2003, Chapter 257, Section 1.
- Dear President Pro Tem Stewart and members of the Senate, in accordance with Article 4, Section 42 of
- President Pro Tem Stewart and members of the Senate, pursuant to Article 4, Section President Pro Tem
- 3 through 7; Laws 2008, Chapter 16, Section 4; and Laws 2009, Chapter 255, Section 2; and Subsections
- E and F of Section 40-13-6, NMSA 1978, being Laws 1987, Chapter 286, Section 6, as amended, providing
MA
Massachusetts 2025-2026 Regular Session
Formal House Session 28 Jun 21st, 2026 at 11:00 am
Massachusetts House Floor Meeting
Transcript Highlights:
- Vieira of Falmouth moves to amend the bill by striking out Section 4.
- Markey of Dartmouth moves to amend the bill in Section 5 by striking out lines 266 to 275.
- Markey of Dartmouth moves to amend the bill in Section 5 by striking out in line...
- around Section 1337 stated that, which is 287(g) agreements are part of that USC section, that you could
- In Section 6, in line 363, by inserting after the word days the following.
Summary:
The House first handled several routine matters, including adoption of a birthday resolution honoring Caroline San Martino Moran and suspension of Joint Rule 12 to allow consideration of a petition involving the City of Waltham and the Veterans Memorial Rink. It also advanced two local bills: one authorizing DCAMM to release a sewer line easement in West Roxbury, and another relative to the town administrator of Carlisle. Both bills were amended by Ways and Means and ordered to third reading or engrossed as amended. The chamber also passed a memorial-marker bill for fallen law enforcement officers in Milton and Canton.
The main floor debate centered on House Bill 5305, the “Protect Act,” which was presented as a measure to limit state and local involvement in federal civil immigration enforcement, restrict ICE access in courthouses and other sensitive locations, strengthen notice and language-access protections for detainees and workers, and expedite U and T visa certifications. Supporters, including members of the Black and Latino Caucus and other legislators, argued the bill would protect due process, encourage victims and witnesses to come forward, preserve public trust, and keep local police focused on criminal matters. They cited courthouse arrests, fear in immigrant communities, and the need for clearer boundaries between state and federal authority.
Several amendments were offered and voted on during consideration of H.5305. An amendment to strike Section 4 was rejected, as were amendments seeking to alter the courthouse enforcement provisions and to recognize immigration judge warrants. Other amendments were adopted, including one clarifying sheriff-related provisions, one expanding language around release dates, one adding protections related to school settings, and one expediting U visa certification for family members aging out. A roll call was taken on the bill and on multiple amendments, with the House ultimately adopting the amendments described and continuing consideration of the bill as amended.
KY
Kentucky 2026 Regular Session
House Standing Committee on Local Government (3-17-26)
Local Government
Transcript Highlights:
- I will give a brief summary section by section of the bill, and then I'll pass it along to my colleagues
- <00:05:21.800>
by <00:05:21.960>section give a brief summary section by section give - a brief summary section by section of<00:05:22.440>
the <00:05:22.520>bill, <00:05:22.760 - Section one adds a to my colleagues.
- Section five through eight are updates.
Keywords:
Meeting Start 00:00:01
Roll Call 00:00:21
SB 141 Discussion 00:03:21
SB 141 Vote 00:10:57
HB 755 Discussion 00:13:08
HB 755 Vote 00:17:55
SB 20 Discussion 00:19:36
SB 20 Vote 00:21:53
SB 40 Discussion 00:23:31
SB 40 Vote 00:26:25
HB 851 Discussion 00:28:53
HB 851 Vote 00:31:53
Adjournment 00:33:26, 958, all
NM
New Mexico 2025 Regular Session
House - Commerce and Economic Development Mar 3rd, 2025
House Commerce & Economic Development Committee
Transcript Highlights:
- We entirely removed section 13.
- So now when you look on page 45, that section 13 is the previous section 14 on page 45.
- It removed this section that we had issues with, which was the old section 13.
- So part of the section, let me see if this answers it.
- New section in our property law.
FL
Transcript Highlights:
- Section 29 was of Senate Bill 7016. To provide on this.
- For Sections 83, 84, 88, 89, and 90.
- And then, advanced birth centers—Sections 7, 8, and 87 of Senate Bill 76 amend sections of the Florida
- Right now, are any birthing centers in the state of Florida doing C-sections? You recognize.
- So this bill, though, which already went into effect, said they could do C-sections.
Summary:
The Senate Health Policy Committee received updates from the Agency for Health Care Administration and the Department of Health on implementation of 2024 health care laws. AHCA reviewed progress on workforce and reimbursement measures in Senate Bill 7016 and related bills, including FRAME and TEACH funding, graduate medical education reporting, behavioral health teaching hospitals, acute hospital care at home, advanced birth centers, non-emergent care access plans, and rural emergency hospitals. Agency officials said several programs are already operational or have begun payments, while others are still in rulemaking, federal approval, or report-preparation stages. Senators asked about timing, funding reversion concerns, and whether appropriated dollars would be spent on schedule, especially for behavioral health teaching hospitals and the new birth center category.
The Department of Health then reported on practitioner licensure and public health programs. MQA described implementation of the Interstate Medical Licensure Compact, the Mobile Act licensure pathway, massage therapy enforcement changes, background screening expansion, liposuction safety requirements, pharmacist HIV post-exposure prophylaxis authority, and chiropractic dry needling. Public health staff updated the committee on FRAME and dental loan repayment, the Sinati screening grant program, the cancer research and innovation changes, the health care innovation council and loan program, the pediatric rare disease grant program, telehealth maternity care expansion, newborn screening for congenital CMV, the sickle cell registry and grants, and the swimming lesson voucher program. Members focused questions on how practitioners were being recruited to underserved areas, the pace of licensure approvals, and whether new programs were on track to use appropriated funds.
The committee also heard a lengthy update from the Office of Medical Marijuana Use. The director reported more than 900,000 qualified patients, real-time seed-to-sale tracking now integrated across most dispensaries and labs, and ongoing compliance work on product testing, advertising, diversion, and patient safety. Senators questioned the decline in qualified physicians, how THC potency is labeled and verified, and what the agency can do about diversion to non-patients. The director said the office relies on complaints, inspections, lab audits, and coordination with law enforcement, and that patients can be suspended if violations are confirmed.
MA
Massachusetts 2025-2026 Regular Session
Formal House Session 25 Jun 21st, 2026 at 11:00 am
Massachusetts House Floor Meeting
Transcript Highlights:
- following section: Section 1, paragraph A, notwithstanding Section 1 of Chapter 30 of the General Laws
- The bill in Section 2F, by inserting after item 1596-2703 the following item.
- Section 40, Section 2, DDD, DDD of Chapter 29 of the General Laws, as appearing in the 2024 official
- Michaelowitz of Boston and others move to amend the bill in Section 2A.
- Michaelowitz of Boston and others move to amend the bill in Section 2A.
Summary:
The House opened with the Pledge of Allegiance and received a resignation letter from Rep. Fana Howard of Lowell, effective March 17, 2026, as she transitioned to the Senate. The chamber then took up several procedural orders, including multiple unanimous or voice-vote suspensions of rules and concurrence with Senate petitions, such as referrals on housing and student transportation matters, and a suspension of Joint Rule 12 for a petition involving children served by DCF.
The main substantive item was House No. 5264, a fiscal year 2026 supplemental appropriations bill totaling about $1.8 billion. Members discussed its use of Fair Share surtax surplus funds for transportation and education, including major support for the MBTA, special education circuit breaker costs, early education and child care, snow and ice costs, regional transit authorities, and other deficiencies such as GIC and sheriff costs. Members also explained the bill’s tax conformity provisions responding to recent federal tax changes, with debate over whether to delay conformity to limit state revenue exposure. The House adopted a consolidated amendment to the bill and then passed it to be engrossed by roll call vote, 150-3.
The House also adopted a resolution commending the Admetek Foundation on Prostate Cancer Awareness Day. Several local bills were advanced, including a sick leave bank for a Department of Corrections employee, a bill waiving the minimum age requirement for a Boston police officer, a Nantucket charter bill, a Stoneham public safety bill, and a Malden special police officers bill, the last of which was amended before being engrossed. The chamber also considered Amendment 43 to redistribute $100 million of Fair Share revenue more evenly to municipalities for roads and education; supporters argued the current distribution favored statewide priorities over local aid, while opponents said the formula would not adequately address rural road needs. That amendment was rejected 128-25. The House then recessed several times, observed moments of silence for local public servants, welcomed visiting youth sports teams, and finally ordered adjournment to meet the next day at 11 a.m. in informal session.
LA
Louisiana 2026 Regular Session
Transportation, Highways and Public Works May 11th, 2026
Transcript Highlights:
- It retains Section 2 and repeals Revised Statute 32:707.2(G).
- Section 4... ...whichever occurs first, and specifies that this section shall not be construed to invalidate
- Section 4 specifies that certain provisions become effective upon signature of the governor.
- Retains Section 2 and repeals revised statute 32707.2G.
- Section 4. January 1st, 2031, whichever is sooner.
Summary:
The committee first adopted Amendment Set 527 without objection, then adopted Amendment Set 5327, which adds a compliance officer requirement and related qualifications for the Southeast Louisiana Flood Protection Authority. Supporters of Senate Bill 56 argued that the Lafitte levee district lacks sufficient recurring revenue to maintain its system and that the West Bank flood authority could provide professional management, coordination, and financial support. Testimony also raised concerns about governance problems at SLFPA East and about unresolved landowner damage claims tied to prior levee work. The committee reported SB 56 favorably with amendments.
The Department of Transportation and Development secretary then gave an update on the agency’s transformation initiatives, including outsourcing, construction process improvements, faster contractor payments, quicker change-order approvals, and higher project delivery rates. The committee next reported Senate Bill 171 favorably, which cleans up language for the recreation, economy, navigation, and transportation authority board, and Senate Bill 252 favorably, which allows driver’s license records to reflect both acceptance and refusal of anatomical gift authorization.
Senate Bill 72, dealing with electronic vehicle titles and registration, was amended extensively to modernize OMV processes, require electronic lien and title functions for certain users, and set implementation timelines; it was then reported with amendments. House Bill 939, which would create a Louisiana Vehicle Commission by consolidating the motor vehicle commissions, was amended with a substitute but then voluntarily deferred to allow more stakeholder work. Senate Bill 129, creating a Master Combat Infantry Specialty license plate and adding a special plate provision for designated state officials tied to Supreme Court parking/security concerns, was reported with amendments. Finally, House Resolution 243, urging safety warning signage on the Tickfaw River after a fatal boating accident, was amended to shift responsibility to parish governing authorities and was reported with amendments.
MS
Mississippi 2026 Regular Session
MS House Floor - 2 April, 2026; 10:00 AM
Mississippi House Floor Meeting
Transcript Highlights:
- Section four, Gulf Coast restoration fund transfers.
- Section six creates the 2026 local improvement fund.
- Section seven creates the USM science research fund. Section eight creates the cancer center fund.
- Section nine creates the Vicksburg National Military Park fund.
- Section two is dealing with our community colleges.
WV
West Virginia 2026 Regular Session
WV Senate Banking and Insurance Committee in Session Mar 11th, 2026 at 02:34 pm
Transcript Highlights:
- The bill repeals obsolete code sections, makes technical corrections, includes technical updates, and
- adds clarifications, such as applicable code sections.
- The bill also repeals obsolete code sections, including sections that were effective only until June
- Your amendment is to strike subsection C from what section? Thank you."
- "Just striking new language, so we would strike subsection C of section six.
Summary:
The Senate Banking and Insurance Committee met with a quorum present and approved the March 4, 2026 minutes by voice vote. The committee first considered House Bill 55, which updates and modernizes workers’ compensation statutes to reflect the privatized system, remove obsolete provisions, and adjust the Workers’ Compensation Board of Review from five members to three. The Insurance Commissioner testified that the bill is part of the cleanup from privatization and would give the governor more flexibility in appointments. After adopting a strike-and-insert amendment and a title amendment, the committee reported HB 55 to the full Senate with a recommendation that it do pass.
The committee then took up House Bill 5463, which would reduce BRIM’s required liability coverage for county boards of education from $1.25 million to $1 million per occurrence and eliminate the separate $5 million excess coverage requirement. BRIM’s director testified that the excess market was difficult to access and costly, but several senators raised concerns that lowering coverage could reduce protection for victims and school-related claims. After a divided vote, the motion to report the bill failed, and HB 5463 was not passed by the committee.
Next, the committee considered House Bill 4869, creating guaranteed issue rights for Medicare supplement policies, including annual birthday replacement rights and a special right for certain Medicaid recipients losing eligibility. Counsel said the bill would prohibit underwriting barriers during the guaranteed issue periods and require an annual report on premium trends. With no amendments offered, the committee reported HB 4869 to the full Senate with a recommendation that it do pass.
Finally, the committee considered House Bill 5462 on mine subsidence insurance. The bill would allow the mine subsidence fund to offset payments by amounts received from other sources and limit lawsuits over claims reported to BRIM. Members debated a proposed strike-and-insert amendment that would have softened the litigation limits and added notice and remedy provisions, but the amendment was rejected. The committee then reported HB 5462 to the full Senate with a recommendation that it do pass, and the meeting adjourned.
MN
Minnesota 2025-2026 Regular Session
Lifetime firearms ban for persons convicted of certain domestic assault offenses 3/10/26
Minnesota House Floor Meeting
Transcript Highlights:
- And in section 921(c), it says that, um, in the case of a person who has not more than one conviction
- And in section 921(c), it says that, um, in the case of a person who has not more than one conviction
- And in section 921(c), it says that, um, in the case of a person who has not more than one conviction
- <00:09:17.279>
921, States Code Title 18 section 921, States Code Title 18 section 921, um - And in um in section this this ban.
ND
North Dakota 2025-2026 Regular Session
SB 2129 Conference Committee Apr 3rd, 2025 at 05:00 pm
Transcript Highlights:
- We just moved it to a new section.
- Because when you gave me the bill, you said, we didn't make any changes, we just moved it to a new section
- And the one that was not listed on page 18, I believe it is, section N, is... 18, I believe it is, section
- It reads, for the purposes of this section, 'specialized or holistic trade' includes, and then lists
- I don't think we have an issue with making it a section of its own.
Summary:
The conference committee on House/Senate Bill 2129 met to resolve the House amendment to the Senate-passed bill, which concerns exemptions related to veterinary practice. The main dispute centered on the House language adding terms such as “specialized or holistic trade” and expanding exemptions to include acupuncture/acupressure and non-veterinary dentistry, while the Senate preferred a narrower, more definitive list of exempt activities. Senators and House members discussed whether the word “includes” made the exemption open-ended, and whether equine dentistry should be treated as veterinary medicine or allowed as a separate practice.
Testimony from Dr. Sarah Lyons of the North Dakota Board of Veterinary Medical Examiners and veterinarian Troy Dutton emphasized that dentistry, including equine dentistry, is generally considered the practice of veterinary medicine and can involve invasive procedures and animal safety risks. They argued the House amendment lacked educational or licensing requirements and could allow untrained individuals to perform procedures such as dentistry or acupuncture. House members raised concerns about rural access, shortages of veterinarians, and the practical reality that some horse owners and equine practitioners currently perform float work and similar services.
After extended discussion, the committee did not reach agreement. Members noted that the House amendment language differed from the Senate version on the key exemption provisions, and that further review of proposed alternative language would be needed. A motion was made and approved by roll call that the committee was unable to agree at this time and would schedule another meeting. The meeting was then adjourned pending rescheduling.
AL
Alabama 2025 Regular Session
Alabama House Ports, Waterways & Intermodal Transit Committee Feb 19th, 2025
Ports, Waterways & Intermodal Transit
Transcript Highlights:
- Replace line 21 on page one with the following: Section 1.
- Replace lines 44 through 45 on page two with the following section: ...page two with the following section
- : Section 3.
- Replace line 26 on page one with the following: Section 2.
- Section Five...
Keywords:
DUI, driving under the influence, ignition interlock, interlock device, driver license suspension, restricted license, motor vehicle, alcohol offense, first offense, repeat offender, blood alcohol concentration, BAC, license revocation, Alabama State Law Enforcement Agency, ALEA, public safety, traffic safety, chemical dependency, substance abuse, court referral program
MN
Transcript Highlights:
- in Chapter 13 and then were cross-referenced in the section that is 127A21 Subdivision 6.
- That section is Section 9, Article 7 of the bill. So it's page 28, oh sorry, of the DE 1.
- But the language in Section 3, the proposed 1332.11 and 1382 were not included in the DE.
- So that whole section is, I believe there's an amendment to not include that section, to delete it.
- So the amendment will be to delete section 9 on page 28.
MS
Mississippi 2026 Regular Session
MS House Floor - 31 March, 2026; 10:00 AM
Mississippi House Floor Meeting
Transcript Highlights:
- section 97-3-2? section 97-3-2?
- Are you talking about the conference report section four? >> Section two.
- You told me to go to section four. So, I'm in section four.
- You told me to go to section four. So, I'm in section four.
- Uh, section 1, article 4, section 1 of the U.S.
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.
HI
Transcript Highlights:
- On page 50, in the current section 43, add at the end of the section, on page 51, line three, repeal
- um adding a new section um adding a new section that<01:54:40.720>
reads, <01:54:41.080>- <01:55:08.600>
43, On page 50 in the current section 43, On page 50 in the current section- language so that this section repeal language so that this section shall<01:55:16.880>
be <01:- ,<01:57:06.600>
any And renumbering lines and sections, any And renumbering lines and sections - <01:55:08.600>
Keywords:
conservation, endangered species, wildlife preservation, native birds, biodiversity, sanctuary, nonprofit, DLNR, agricultural district, land use, chapter 195D, chapter 205, chapter 42F, state funding, public purpose, habitat restoration, predator-free sanctuary, ecosystem restoration, Zealandia, wildlife refuge
Summary:
The Committee on Water and Land heard testimony on SB 5253 SD2 relating to conservation and SB 2401 relating to regional shoreline mitigation district, with the chair emphasizing short testimony limits and the need to finish before session. On SB 5253, DLNR said it stood on its written testimony and answered questions about the bill’s proposed nonprofit endangered species sanctuary. Members asked whether existing entities or agreements, such as land trusts, private landowners, and DLNR safe harbor agreements, could accomplish similar conservation goals without creating a new entity. DLNR said similar work already exists, but it was not aware of a comparable sanctuary model in the state. A member also questioned language suggesting for-profit businesses in the sanctuary, and DLNR said the intent appeared to be sales of outreach or similar materials, though it agreed that such activities could be handled by a nonprofit.
The bulk of the hearing focused on SB 2401, which would create a regional shoreline adaptation/mitigation framework. The Department of the Attorney General said it had concerns about inconsistent use of the terms “mitigation” and “adaptation,” warning of possible title-subject issues. DLNR said it was neutral on the terminology and more concerned with the substance, and noted that the bill would not waive permits; any plan would still require environmental review and applicable state and county permits. DLNR also supported OHA’s recommendation to consider impacts on Native Hawaiian traditional and customary practices during regional planning, and said the bill’s language on temporary shoreline protection measures could help address the gap between emergency permits and longer-term planning while avoiding a hardening-only approach.
The Office of Planning supported the regional planning concept but noted it is not a regulatory agency and would need to work with DLNR and the Land Board. OHA supported the bill’s planning-based approach but recommended amendments to require assessment of impacts on Native Hawaiian traditional and customary practices during plan development and to clarify that environmental review would still apply at the project level. Testifiers from the Ka‘anapali Steering Committee strongly supported the bill, saying it would provide a regional framework for ongoing erosion problems while preserving full regulatory authority and normal permitting, and they proposed amendments to standardize terminology, create a limited pathway for temporary shoreline protection, and address ownership and maintenance responsibilities. Members discussed the meaning of “mitigation” versus “adaptation,” the scope of shoreline hardening, and whether the bill would help the legislature take a broader, more holistic view of shoreline decisions. No votes or final actions were taken in the portion of the hearing provided.
WY
Wyoming 2026 Regular Session
House Floor Session-Day 15, February 26, 2026-PM
Wyoming House Floor Meeting
Transcript Highlights:
- In the next section, in Section C, that just highlights there again that it's going through 12th grade
- And that was that section where teachers lost their jobs.
- 28.480>
teachers <01:05:28.880>lost was that section where teachers lost was that section - Um, in section two on page and vetted.
- <01:39:51.600>
two, look on page three, section two, look on page three, section two, this
FL
Florida 2025 Regular Session
January 15, 2025 - 09:00 AM
Transcript Highlights:
- You also have a small section that I share with the Ranking Member in North Miami.
- The investment activity of the SBA is regulated by Section 21.47 of Florida statutes.
- This is the provision of law that we by Section 215 of Florida statutes.
- As far as other PFIA sections, the Iran one is a little unique.
- As far as other PFIA sections, there's not—it—the, there's not—it—the As far as other PFIA sections,
Summary:
The Government Operations Subcommittee met with a quorum and began with member introductions and remarks from the chair emphasizing the committee’s focus on government efficiency, accountability, and oversight of executive branch agencies. Members shared their districts and backgrounds, with several noting hurricane recovery in their communities and a shared interest in reducing bureaucracy and improving service to Floridians.
The committee’s only presentation was from Chris Spencer, Executive Director of the State Board of Administration, who gave an overview of the SBA’s governance structure, investment responsibilities, and divestment policies. He explained the SBA’s management of more than $257 billion in assets, including the Florida Retirement System, the Florida Hurricane Catastrophe Fund, and Florida PRIME, and reviewed the Protecting Florida’s Investments Act restrictions covering Northern Ireland, Cuba, Venezuela, Israel, Sudan, Iran, and China. He also described the implementation of HB 7071, including the required divestment from direct holdings in Chinese companies, and said the SBA had reduced its direct Chinese holdings from 33 companies totaling over $172 million to 13 companies totaling about $64 million, with completion expected ahead of the September 1, 2025 deadline.
Members asked detailed questions about the Israel boycott list, Morningstar and MSCI, how the SBA gathers information, whether Cuba’s federal designation changes affect Florida law, how companies are removed from scrutinized lists, and whether divestment timing could affect returns. Spencer said the SBA uses public and paid research sources, gives companies a 90-day cure period in some cases, and brings list changes to the trustees for approval. He also explained that the China benchmark change is intended to reduce passive exposure while still allowing active investment decisions, and said the PFIA restrictions have had a modestly positive overall effect on pension performance. The chair also asked about the Florida Retirement System funded ratio and the CAT Fund’s capacity; Spencer said the pension fund is at 80.7% funded, that actuarial assumptions are reviewed regularly, and that the CAT Fund currently has more than $10.5 billion in liquid claims-paying capacity and is expected to remain well positioned for hurricane losses. No votes were taken, and the meeting adjourned after the presentation and questions.