Video & Transcript Research : 'net worth threshold'
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ND
North Dakota 2026 1st Special Session
Tax Reform and Relief Advisory Committee Jun 23rd, 2026 at 10:00 am
Tax Reform and Relief Advisory Committee
FL
Florida 2026 Regular Session
FL House Floor Session - 2026-03-05 (10:00AM Session)
Florida House Floor Meeting
Transcript Highlights:
- So the net ultimate minimum threshold will be 26 percent or more voting for of the entirety of the membership
- So just so everyone understands, the Simon proposal resulted net, net, ultimately in 15% of the universe
- And what is that minimum threshold for involvement?
- And what is that minimum threshold for involvement?
- And what is that minimum threshold for involvement?
Summary:
The Senate convened with prayer, the Pledge of Allegiance, and several guest introductions before moving into a long special-order calendar. The chamber first considered two claims bills: SB 6/HB 6507 for relief of L.E. through the Department of Children and Families, described as compensation for severe injuries after DCF returned the child to unsafe parents, and SB 26/HB 6509 for the estate of Mark Legata, involving catastrophic injuries tied to FDOT negligence. Both bills were substituted with their House companions and passed overwhelmingly.
Members then approved several policy bills focused on child welfare, education, and professional regulation. CS/CS/SB 42/HB 47 required child protective investigators to consider certain medical diagnoses before proceeding in abuse cases; CS/SB 206/HB 851 expanded autism-related training and incentives for teacher preparation programs; SB 556/HB 453 allowed Special Olympics participation to satisfy PE requirements for students with disabilities and clarified marching band credit; SB 688 reestablished licensure and regulation for naturopathic doctors; SB 878/HB 1347 addressed clinical laboratory personnel shortages by aligning more closely with federal CLIA standards; and SB 914/HB 867 clarified that licensed occupational therapists may perform dry needling. Each of these measures passed, most by unanimous or near-unanimous votes.
The chamber also approved bills on court administration, public records, financial disclosure, and child welfare. SB 326/HB 131 modernized rules for curators of estates; SB 758/HB 625 updated the composition of the Justice Administrative Commission, with an amendment broadening the judicial member to a judge or senior judge; SB 830 created a public records exemption for certain local government executives and their families; SB 964/HB 6011 revised how gifts and honoraria are reported and, via amendment, restored a percentage-based reporting option for financial disclosures; and SB 1002 clarified that acute or chronic parental drug abuse can constitute harm or neglect and allow courts to order assessment and services. These bills all passed, with SB 830 drawing the most opposition among them.
The most contentious debate centered on CS/CS/CS/SB 354, the Blue Ribbon Projects bill, which would create a framework for very large planned communities with substantial conservation set-asides. Supporters argued it would provide a new growth-management tool and economic opportunity, while opponents warned it was too broad, lacked specificity, weakened local control, and could be exploited by large developers. After extensive debate and an amendment limiting data centers in commercial areas, the bill was temporarily postponed rather than brought to a final vote. The Senate also passed SB 530 on lottery operations, SB 1632/HB 1471 on foreign law and domestic terrorist designations after a lengthy and divisive amendment debate over references to Sharia law, and SB 21/HB 218 on land-use regulations tied to hurricane recovery, which preserves SB 180 restrictions in storm-affected counties while lifting them later for unaffected counties.
MN
Minnesota 2025-2026 Regular Session
House Energy Finance and Policy Committee 4/14/26
Energy Finance and Policy
Transcript Highlights:
- deeper energy cost and emission savings, and even though that does yield long-term benefits and higher net
- You know, it seemed like even when we had testimony about the net metering, it was some confusion even
Keywords:
Public Utilities Commission, PUC, energy regulation, utility regulation, electric utility, public utility, rate case, multiyear rate plan, decoupling, rate decoupling, greenhouse gas, social cost of carbon, environmental cost, resource planning, certificate of need, distributed renewable energy, interconnection, budget billing, electronic filing, contested case
MN
Minnesota 2025-2026 Regular Session
Judiciary Committee Meeting - 2025-04-03
Judiciary Finance and Civil Law
Bills:
HF2233, HF1524, HF1893, HF1396, HF2456, HF2959, HF2300, HF2412, HF3022, HF2825, HF1862, HF1373, HF1039, HF3070
Keywords:
Uniform Special Deposits Act, special deposit, banking law, financial institutions, escrow, escrow account, trust account, security deposit, beneficiary, depositor, creditor process, garnishment, attachment, levy, setoff, recoupment, financial market infrastructure, retirement benefits, compensation, earnest money
MN
Minnesota 2025-2026 Regular Session
House Judiciary Finance and Civil Law Committee 4/3/25 - Part 2
Judiciary Finance and Civil Law
Bills:
HF2233, HF1524, HF1893, HF1396, HF2456, HF2959, HF2300, HF2412, HF3022, HF2825, HF1862, HF1373, HF1039, HF3070
Keywords:
Uniform Special Deposits Act, special deposit, banking law, financial institutions, escrow, escrow account, trust account, security deposit, beneficiary, depositor, creditor process, garnishment, attachment, levy, setoff, recoupment, financial market infrastructure, retirement benefits, compensation, earnest money
MN
Minnesota 2025-2026 Regular Session
House Judiciary Finance and Civil Law Committee 4/3/25 - Part 1
Judiciary Finance and Civil Law
Bills:
HF2233, HF1524, HF1893, HF1396, HF2456, HF2959, HF2300, HF2412, HF3022, HF2825, HF1862, HF1373, HF1039, HF3070
Keywords:
Uniform Special Deposits Act, special deposit, banking law, financial institutions, escrow, escrow account, trust account, security deposit, beneficiary, depositor, creditor process, garnishment, attachment, levy, setoff, recoupment, financial market infrastructure, retirement benefits, compensation, earnest money
OK
Bills:
HB2947, HB3257, HB3264, HB3834, HB3940, HB3944, HB3979, HB4003, HB4118, HB4326, HB4346, HB4421
Keywords:
behavioral health, Medicaid expansion, clinical interns, mental health services, licensing requirements, veterans, disability benefits, federal law, Oklahoma Statutes, military service, criminal justice, minimum sentences, parole eligibility, violent crimes, Oklahoma statutes, HB3834, Oklahoma Breakthrough Therapy Act, ibogaine, ibogaine-based therapeutics, ibogaine analogs
OK
Oklahoma 2026 Regular Session
Aeronautics and Transportation REVISED Apr 13th, 2026 at 10:00 am
Aeronautics and Transportation
Transcript Highlights:
- accident calls for a police officer, the police officer will respond, but if it's less than $3000 worth
- So, who determines if there's, say, $2,500 worth of damage? Thank you for the question.
- been updated in 25 years, and it was $300 back when you know if you got rear-ended, it was gonna $500 worth
- I thought it was going to be about $1000 worth of damage, and they totaled the car.
- It was worth the wait. Thank you for coming in, Mr. Chairman.
Keywords:
outdoor advertising, transportation, state law, commercial activities, sign regulations, urban areas, turnpike, infrastructure, Oklahoma Turnpike Authority, construction, bridges, motor carriers, public safety, enforcement, Department of Public Safety, Oklahoma Corporation Commission, transition period, roadside investigation, motor vehicle laws, HB2979
OK
Oklahoma 2026 Regular Session
Aeronautics and Transportation REVISED Apr 13th, 2026
Aeronautics and Transportation
Transcript Highlights:
- So who determines if there's, say, $2,500 worth of damage? Thank you for the question.
- I thought it was going to be about a thousand dollars worth of damage, and they totaled the car.
- So who determines if there's, say, $2,500 worth of damage? Thank you for the question.
- I thought it was going to be about a thousand dollars worth of damage, and they totaled the car.
- It was worth the wait. Thank you, Mr. Chairman. Thank you again for your patience, committee.
Keywords:
outdoor advertising, transportation, state law, commercial activities, sign regulations, urban areas, turnpike, infrastructure, Oklahoma Turnpike Authority, construction, bridges, motor carriers, public safety, enforcement, Department of Public Safety, Oklahoma Corporation Commission, transition period, roadside investigation, motor vehicle laws, HB2979
Summary:
The Senate Aeronautics and Transportation Committee heard two executive nominations first and advanced both unanimously. Tim Gatz was nominated to serve as Cabinet Secretary for Transportation, with supportive remarks from Senator Paxton and Senator Guthrie about his responsiveness and long service; the committee voted 12-0 to advance him. Justin Blake Wilson was nominated to the Oklahoma Motor Vehicle Commission, introduced by Senator Howard as a banker and entrepreneur interested in public service; he also advanced 12-0.
The committee then considered several transportation and motor vehicle bills. House Bill 3982 would give certain commercial fleets a 90-day temporary tag and allow nonresidents 60 days to title and license vehicles in another state; it advanced 12-0. House Bill 2123, a backup measure related to a Tulsa/Jenks/Bixby Arkansas River bridge project aimed at easing congestion and improving safety, also advanced 12-0. House Bill 2979 would allow ODOT to establish school zones on portions of state highways at local request, with ODOT identifying 14 qualifying locations and an estimated cost of $266,000; it passed 12-0. House Bill 2997, a consumer protection bill targeting bait-and-switch practices in retail motor vehicle sales and increasing enforcement staffing, advanced on a 10-2 vote after discussion of raising the maximum fine from $1,000 to $10,000.
Other measures approved included House Bill 3148, allowing licensed new and used motor vehicle dealers to perform their own VIN inspections, which passed 12-0; House Bill 4108, adding airport operational areas to the list of critical infrastructure and prohibiting trespass there, which passed 12-0; House Bill 4143, raising the damage threshold for a required written collision report from $300 to $3,000 and allowing no report when parties exchange information, which passed 11-1 amid concerns about fault and insurance verification; House Bill 4266, the omnibus license plate bill, which passed 12-0 with a zero fiscal impact noted; House Bill 2053, clarifying outdoor advertising rules for playgrounds and planned unit developments, which passed 12-0; and House Bill 4058, allowing optional blood type information on driver licenses and ID cards to aid first responders and blood supply efforts, which passed 11-0. The chair closed by thanking members and staff, noting it was likely the committee’s final meeting and his last as chair.
TX
Texas 89th Regular
89th Legislative Session - Second Called Session Aug 25th, 2025
Texas House Floor Meeting
Transcript Highlights:
- constituents deserve the same benefit as everybody, and so for that reason, I oppose the 75,000 threshold
- And it brings that. city into a threshold where they're underneath where they once were, and then they
- They don't go over the 2.5% threshold.
- Some of those cities are like Tyler, Lubbock, Fort Worth, and some others.
- Cities like Fort Worth, Tyler, and others.
Keywords:
property tax, school funding, enrollment changes, inflation adjustment, tax rate notice, judicial administration, court reform, juvenile diversion, court security, mental health services, drug offenses, constitutional amendments, property tax exemption, ad valorem tax, Texas Tax Code, nonprofit corporation, charitable organization, educational nonprofit, scientific nonprofit, agriculture support
TX
Texas 89th Regular
89th Legislative Session - Second Called Session Aug 25th, 2025
Texas House Floor Meeting
Keywords:
property tax, school funding, enrollment changes, inflation adjustment, tax rate notice, judicial administration, court reform, juvenile diversion, court security, mental health services, drug offenses, constitutional amendments, property tax exemption, ad valorem tax, Texas Tax Code, nonprofit corporation, charitable organization, educational nonprofit, scientific nonprofit, agriculture support
TX
Transcript Highlights:
- bill as follows: The committee substitute amends the transportation code, changing the population threshold
- The House amended the population threshold in a section of the statute.
- authority to live animal vendors. ...only, rather than all roadside commerce, by changing the population threshold
Keywords:
Lake Houston, dredging, maintenance district, flood control, environment, public works, HB 2731, roadside vendors, solicitors, county regulation, border counties, Mexico border, Transportation Code, unincorporated areas, right-of-way, public highway, parking lot, livestock sales, live animals, vendor regulation
TX
Keywords:
Lake Houston, dredging, maintenance district, flood control, environment, public works, HB 2731, roadside vendors, solicitors, county regulation, border counties, Mexico border, Transportation Code, unincorporated areas, right-of-way, public highway, parking lot, livestock sales, live animals, vendor regulation
NY
New York 2025-2026 Regular Session
New York State Senate Session - 04/15/2026
New York Senate Floor Meeting
Transcript Highlights:
- The sense of purpose, honor and duty that make it all worth it.
- THE SENSE OF PURPOSE, HONOR AND DUTY THAT MAKE IT ALL WORTH IT.
- "Net metered energy indefinitely, is that correct?"
- You will get a solar device on your house that allows you to net meter it.
- YOU WILL GET A SOLAR DEVICE OR YOUR HOUSE THAT ALLOWS YOU TO NET METER IT.
Summary:
The Senate convened, approved the prior journal, and then took up a series of utility and public service bills and resolutions. A resolution sponsored by Senator Scarcella-Spanton designating April 9, 2026, as Yellow Ribbon Day was adopted after remarks honoring veterans, active-duty service members, and their families. The chamber then moved through several Public Service Law measures focused on utility affordability, consumer protections, and PSC procedures, with some bills laid aside and others advanced.
Among the bills passed were measures by Senators Mayer, Cleare, Hinchey, Comrie, and Parker. Debate on the Mayer bill centered on limiting utility expenses and fees recoverable in rate cases; supporters said it was part of a broader package to reform PSC practices, while opponents argued it would not lower current bills and had been softened from earlier versions. The Webb bill creating a residential utility usage monitoring program drew extended debate over whether it would meaningfully reduce costs, who would pay for the program, and whether it could lead to government monitoring of household usage; supporters said it would give consumers more control and transparency, while critics said it would not lower rates. The Gonzalez bill, which would add consumer protections during PSC investigations and delay shutoffs in certain circumstances, also passed after questions about whether it applied to rate cases, with the sponsor saying rate cases were explicitly excluded.
Several members explained their votes, with supporters emphasizing affordability, transparency, and consumer protection, and opponents arguing the package would not address immediate rate relief and could burden ratepayers or encourage nonpayment. Senator Tedisco and others criticized PSC appointments and state energy policy, while Democratic sponsors argued the bills were part of a longer-term effort to reform utility regulation and address climate and affordability concerns. The chamber restored multiple bills to the non-controversial calendar before final votes, and the recorded results showed passage of the major utility bills by substantial margins, along with one amendment appeal being ruled nongermane and rejected.
MA
Massachusetts 2025-2026 Regular Session
Special Joint Committee on Initiative Petitions Jun 21st, 2026 at 01:00 pm
Transcript Highlights:
- We have decided as a state to go to net zero by 2050.
- That's why you have to have certain thresholds of signatures.
- quite large net negatives for our state.
- On net, we will—I'm saying there's no evidence yet on Massachusetts.
- So what it meant was the net taxes, as far as 62F was concerned, made it look like $1.4 billion worth
Summary:
The Special Joint Committee on Initiative Petitions held a public hearing on two proposed ballot initiatives: one to reduce the state personal income tax rate from 5% to 4% over three years, and another to revise the state’s tax collection cap/62F process so it would be based on prior-year collections plus wage growth and include surtax revenue. The committee chair and House co-chair outlined the hearing process, and the first witness was Doug Howgate of the Massachusetts Taxpayer Foundation, who testified as the committee’s subject-matter expert on both measures. He said the income tax proposal would lower taxes broadly but would reduce state revenue by about $5.4 billion when fully implemented, with an estimated $800 million hit in FY27, and he discussed possible effects on competitiveness, taxpayer savings, and public finances. On the 62F proposal, he said the revised cap would make refunds more likely, could have produced several large refunds in recent years, and would reduce stabilization fund deposits and constrain recovery after recessions.
Committee members questioned Howgate about competitiveness, outmigration, prior tax ballot measures, spending growth, MassHealth, and the interaction between the income tax and surtax. He emphasized that taxes are only one part of the state’s overall competitiveness and that housing, public services, and other factors also matter. He also noted that the surtax is constitutionally restricted but can still support ongoing spending choices. After his testimony, the committee moved to the proponents’ panel.
Proponents of both initiatives, including representatives from Taxpayers for an Affordable Massachusetts, the National Federation of Independent Business, Pioneer Institute, and the Mass Opportunity Alliance, argued that the measures would improve affordability, help retain residents and businesses, and support job growth. They cited polling support, outmigration, small-business reinvestment, and comparisons to lower-tax states such as North Carolina. Their economist, Rebecca Paxton, said her model showed smaller revenue losses than critics claim and projected that the revised revenue cap would not create additional annual revenue losses while producing more regular taxpayer refunds. Committee members pressed the panel on competitiveness, prior ballot initiative implementation, and whether the measures would actually address broader affordability pressures; the hearing ended with the committee continuing to take questions from the proponents.
ND
North Dakota 2025-2026 Regular Session
Tax Reform and Relief Advisory Committee Jun 23rd, 2026
Transcript Highlights:
- Their household income, if the threshold is 70,000, it could be at 69,000.
- terms of the threshold.
- And there aren't any income thresholds either.
- But they also have income thresholds that they have to take into account.
- It would be the threshold at which it falls below stripper well status."
Summary:
The Tax Reform and Relief Advisory Committee met with a quorum, approved the March 17, 2026 minutes, and heard a lengthy update from Tax Commissioner Brian Croshys on property tax relief programs. He reviewed the Homestead Property Tax Credit, Disabled Veteran Credit, and Primary Residence Credit, noting increased relief after House Bill 1158 and House Bill 1176, but also discussing how some households “income adjust out” of eligibility over time. Members asked about indexing income thresholds, expanding eligibility by age alone, simplifying administration, county-level notices, and whether the county and state systems could be streamlined. Croshys said the programs are heavily used, largely administered at the county level, and that the department is still refining compliance and reporting; he also said there were no material findings or overarching concerns in the latest review. The committee agreed more detailed PRC information would likely come back in a September meeting, and the chair announced an afternoon recess for lunch before later reconvening.
Shelly Myers then presented the statewide property tax increase report, the zero-growth report, and a statistical report on property values and tax levies by class. She explained how county auditors report levy and valuation data, how increases and decreases are counted, and identified counties and cities with the largest percentage changes in growth or decline. She also summarized recent trends: agricultural values remain relatively flat, while residential, commercial, and centrally assessed values have risen over the last five years; in 2025, residential property accounted for the largest share of statewide property tax levies, followed by commercial, agriculture, and centrally assessed property. Committee members asked about unusual zero-growth figures, the effect of annexation and land-use changes, and whether the 3% levy cap was forcing political subdivisions to use reserves or defer spending. Myers said many counties complied by using reserves, delaying capital projects, or limiting increases, and that some counties had not used their full cap.
The committee then moved to the stripper oil extraction tax exemption. Commissioner Croshys reviewed the state’s oil tax structure and estimated the revenue impact of keeping stripper wells exempt from extraction tax while still paying production tax. He said the exemption saves operators hundreds of millions of dollars over a biennium, while the state still collects production tax on those wells. He also discussed projected impacts if the exemption were changed for future wells and noted that future outcomes depend on oil prices, production declines, and technology such as CO2 enhanced oil recovery. Nathan Anderson of the Department of Mineral Resources briefly explained the historical difference between the 35-barrel and 30-barrel thresholds for certain wells, citing differences in completion costs and lateral lengths. The committee then heard from EERC CEO Charles Gorecki, who presented an analysis of oil well life cycles and said most oil is produced before wells reach stripper status, but that refracturing or other reinvestment can significantly extend production and keep wells above the threshold for years.
ND
North Dakota 2026 1st Special Session
Tax Reform and Relief Advisory Property Tax Div. Jun 24th, 2026
Transcript Highlights:
- That's the threshold now where I don't know. 21 cents.
- Your PRC and this is a net result.
- I think it's absolutely worth looking at.
- I think it's absolutely worth looking at. I think it's absolutely worth looking at.
- of dollars' worth of PRC credit.
Summary:
The subcommittee of the Tax Reform and Relief Advisory Committee met to begin its study of whether the content of the real estate tax statement should be revised to improve transparency. Legislative Council staff reviewed the study directive from HB 1176 and the statutory requirements for tax statements, including required line items such as true and full value, mill levy, legislative tax relief, primary residence credit, legacy fund share, discounts for early payment, and special assessments. The Tax Department then explained how the current uniform statewide statement is prescribed and approved, and noted that changes are typically driven by statute and implemented collaboratively with counties and vendors.
County officials from NDACO, including auditors from McKenzie and Richland counties, described the full annual property tax timeline from budgeting through mailing final statements. They explained how counties gather budgets, calculate levies, verify taxable values, handle centrally assessed property, and prepare required notices and statements. They also said public attendance at budget hearings is generally very low, though the notices and statements generate some calls, mostly about whether attendance is required or why taxes are changing. Several members questioned the usefulness of the legislative tax relief line and the complexity of the 5% discount calculation, and county officials said the current process can be confusing and depends on manual data entry and coordination among counties, vendors, and taxing districts.
The committee also discussed assessment frequency, valuation equalization, the 3% cap, and whether more frequent reassessment would reduce large jumps in taxable value. County officials said they try to use rotating reassessments and sales-ratio reviews to keep values within statutory tolerance, but staffing, training, and local market changes make the work difficult. NDACO staff estimated, based on a small county survey, that tax statement preparation and mailing costs average about 74 cents per statement, with outsourcing generally cheaper than in-house printing, and said HB 1176 added some mailing and administrative costs even if the tax statement itself did not change dramatically. Software vendors from CPT and Tyler then began presentations showing how their systems handle budgeting, valuation notices, tax statement generation, primary residence credit processing, and levy worksheets, emphasizing that many of the required calculations and reports are still manually entered or verified by county staff.
TX
Transcript Highlights:
- There are asset minimums in this as you'll see here in the bill to be precise. ...minimum net worth of
- worth of a million?
- My understanding is that two of the members would have to demonstrate a combined net worth of a million
- dollars up until they have three million in net worth, and then that's no longer required.
- So, just from what that’s worth in terms of applicability and the needs of the state.
Bills:
HB111
AZ
Transcript Highlights:
- SNAP each year and then also makes some changes to the deductions that are included in the calculated net
- SNAP is a critical safety net for working families, seniors, and vulnerable Arizonans.
- So the cost of inaction is not worth it, and it's worth using every tool at your disposal.
- It's also about protecting the safety net and taxpayers.
- What would be that threshold that you think is appropriate in order to properly manage it?
Bills:
HB2180, HB2184, HB2188, HB2194, HB2206, HB2321, HB2322, HB2438, HB2442, HB2448, HB2727, HB2797
Keywords:
appropriation, funding, University of Arizona, education, state budget, fetal death, funeral homes, informed consent, abortion, women's rights, medical assistance, emotional support, language acquisition, early intervention, hearing impairment, grant program, deaf education, health care, insurance claims, prior authorization
ND
North Dakota 2026 1st Special Session
Higher Education Funding Review Committee Jun 3rd, 2026
Higher Education Funding Review Committee
Transcript Highlights:
- How do the thresholds that are being proposed here, you know, 10 for undergrads and 5 for grad programs
- I'm not sure that campuses had published thresholds.
- So that's what that column is showing: the net difference between the 57,000 in the second column and
- Net tuition would reflect tuition rates that each campus, tuition.
- Is it worth it to put these incentive dollars on At these disciplines in the CIP families, is it worth
Summary:
The Higher Education Funding Review Committee met to continue work on a draft higher education funding formula and related capital building fund changes. Lisa Johnson of the North Dakota University System updated the committee on the board’s developing policy for low-producing academic programs. She said the board is using a five-year rolling window, with thresholds of fewer than 10 undergraduate graduates or fewer than 5 graduate graduates, and that programs flagged in three consecutive review cycles would go to the board for review. Possible outcomes include continuation, continuation with modifications, inactivation, or termination. Members asked about how the policy would account for enrollment, program costs, workforce need, and programs that serve students outside their major. Johnson said the board would likely use an accompanying procedure to consider those factors. She also reported that about 200 programs could potentially be reviewed under current guidance, with 135 inactivated and 112 terminated, and said the process is intended to support quality and stewardship rather than simply cut programs.
Jamie Wilkie then reported on the Capital Building Fund. He reviewed the fund’s history, matching requirements, and use for extraordinary repairs, deferred maintenance, and some legislatively authorized projects. He said about $334 million in state and matching dollars has been invested overall, with roughly 78.7% going to deferred maintenance and extraordinary repairs. Committee members pressed for updated information on how much deferred maintenance has actually been reduced, and several members said they wanted clearer reporting on the return on investment from new buildings versus repairs. NDSU representatives said the tier funding has helped significantly reduce deferred maintenance and allowed demolition and renovation work on campus. The committee also discussed the need for updated five-year facility plans and space-utilization information from the institutions.
The committee then began a section-by-section review of a draft bill that would replace the current higher education funding formula with an FTE-based model and restructure the capital building fund. The draft would fund UND and NDSU differently from the other nine institutions, use fall enrollment rather than completed credits, add performance funding for completions in in-demand fields, create research incentives for UND and NDSU, and combine capital building fund tiers while changing matching requirements and eligible uses. Members raised concerns about the treatment of professional students, the use of CIP codes, incentives for waivers, and whether the formula should rely on more current data. The committee did not take final action on the draft during this meeting, but it continued detailed discussion and indicated more review would follow.