Video & Transcript : 'revolver' :
Page 9 of 111
WA
Washington 2025-2026 Regular Session
House Appropriations Feb 9th, 2026
Transcript Highlights:
- Are there any... ...thousand per year and ongoing costs from the public service revolving account.
- Secretary of State's revolving fund.
- Currently, there's not a specific designation of any amount of the annual license fee to the revolving
- To ...of those amounts over $50 for the revolving fund to reflect current practice.
- Compared to current practice, $12 million would be redirected from the Secretary of State's revolving
Summary:
The committee first received staff briefings on amendments for a series of bills, including measures on child care workforce standards, homelessness programs, community preservation authorities, domestic violence survivor relief, public defense funding, student behavioral health supports, water system ownership changes, nonprofit health carrier surplus assessments, 340B drug pricing reporting, Secretary of State filing fees, step housing, campaign security reimbursements, digital equity programs, a Boys and Men’s Commission, a waste-to-energy facility’s Climate Commitment Act obligations, 6PPD tire substitutes, and an early education scholarship. Staff described the policy changes and, where available, the expected fiscal effects of each proposed substitute or line amendment. The committee then went into caucus before returning for executive session.
In executive session, the committee voted out House Bill 1073, then adopted a Couture line amendment to House Bill 1128 exempting private K-12 schools with licensed child care programs from the child care employer definition before reporting the bill out as Second Substitute House Bill 1128. House Bill 1316, 1408, 1591, 1592, 1634, 1906, 1960, 2073, 2145, 2248, 2266, 2301, 2333, and 2365 were also reported from committee, with several amendments adopted along the way. Notable actions included adopting an emergency clause for House Bill 1408, rejecting proposed amendments to House Bill 1591 that would have narrowed relief for survivors and removed retroactivity, adopting a narrower amendment to House Bill 1592’s public defense funding formula, and adopting a substitute to House Bill 2145 that limited 340B reporting to hospitals.
The committee also debated and rejected several amendments to the step housing bill, House Bill 2266, including proposals for larger school/daycare buffers, more local oversight, and broader local government authority; the bill still advanced on a 16-13 vote. House Bill 2073, which requires nonprofit health carriers to contribute surplus funds to Cascade Care Savings, advanced over concerns about using one-time money for an ongoing program. House Bill 2248 advanced after an amendment redirected annual license fee deposits to the state treasury rather than the Secretary of State’s revolving fund. House Bill 2333 was narrowed to allow use of campaign funds for personal security reimbursements, and House Bill 2365 advanced with some amendments adopted and others rejected as the committee began discussing additional digital equity oversight provisions.
MS
Mississippi 2026 Regular Session
MS House Floor - 2 April, 2026; 10:00 AM
Mississippi House Floor Meeting
Transcript Highlights:
- stewardship trust fund, Mississippi industry incentive fund, Mississippi industry incentive financing revolving
- This is GCRF revolving loan program fund that was created in House Bill 1648.
- What this House Bill 1648 does is creates a Gulf Coast restoration fund revolving loan revolving funds
- to be... ...revolving funds to be used by entities who already qualify for GCRF.
ND
North Dakota 2025-2026 Regular Session
Senate Appropriations Apr 8th, 2025 at 08:30 am
Appropriations
Transcript Highlights:
- Four is the appropriations, just revolving funds, so the agencies had that in there, in place for many
- Four is the appropriations, just revolving funds, so the agencies had that in there, in place for many
- Look for the balance on the revolving fund.
- So it looks like approximately $3.2 million left in the fund, excuse me, in the revolving loan fund,
- excuse me, about $3.2 million in the revolving loan fund, which is derived from fee revenue.
Bills:
HB1603
Committee:
Senate Appropriations
Summary:
The Appropriations Committee met with a quorum and announced it would begin meeting at 8 a.m. for the rest of the week to work through a growing bill list. The committee first approved House Bill 1603, a companion to the Historical Society budget dealing with NAGPRA, including a $500,000 matching grant to be divided among North Dakota’s five tribes and a committee to address repatriation of human remains and cultural items. The vote was unanimous, 15-0.
The committee then considered House Bill 1225, which would increase penalties for reckless endangerment involving a firearm and create a mandatory prison term. After debate over public safety concerns versus the bill’s fiscal note and prison costs, the committee adopted a do not pass recommendation by a 9-6-1 vote. Members also discussed House Bill 1018, the State Historical Society budget, and approved an amendment that adjusted one-time funding items, including NAGPRA compliance, museum exhibits, military gallery funding, local historic grants, and line-of-credit repayment. The amended bill then received a due pass recommendation by a 14-2 vote.
The committee next approved House Bill 1468, a behavioral health facility grant for St. Hayes, which supporters said would expand in-state access to acute and adolescent behavioral health care and reduce the need to send patients out of state. The bill passed 14-1. It then amended and passed House Bill 1485, increasing the personal needs allowance for certain Medicaid recipients by $15 and indexing it to inflation; the amendment and the bill as amended both passed 14-2. Finally, the committee approved House Bill 1016, the Adjutant General/National Guard budget, after adopting an amendment that funded disaster relief, response equipment, IT and website costs, and staffing changes for the watch center; the amended bill passed 14-2. The committee adjourned after completing six bills and planned to resume the next morning at 8 a.m.
ND
North Dakota 2026 1st Special Session
Joint Appropriations Jan 21st, 2026 at 12:30 pm
Appropriations
Transcript Highlights:
- My questions are revolved around the non-public and the tribal.
- My questions are revolved around the non-public and the tribal.
- It would also then, that revolving loan fund would not revolve that portion of it.
- , nor did we feel like we would need it to revolve.
- , nor did we feel like we would need it to revolve.
Bills:
HB1623
Committee:
Joint Appropriations
Summary:
The committee first heard House Bill 1624, the “Universal Lunch Bill,” from Rep. Mike Nathie. He argued the proposal should be placed in Century Code rather than the Constitution so future legislatures can adjust it if state finances tighten, and said the bill would start the program a year earlier with a $65 million appropriation for one school year. DPI testified that the estimate did not include nonpublic schools that do not participate, and members questioned the impact on Title I, free-and-reduced applications, private-school accountability, breakfast mandates for schools that do not currently serve breakfast, and whether the funding could come from the DPI budget or other sources. Supporters, including North Dakota United, the North Dakota Catholic Conference, a pediatrician, and the American Heart Association, said universal meals improve student health and learning, reduce family costs, and are better handled in statute than by constitutional amendment. No opposition testimony was offered, and the chair closed the hearing for later work-session action.
The committee then took up House Bill 1627, introduced by Rep. Tye Dressler, which would raise the income threshold for the state-funded school lunch program from 225% to 300% of poverty, with an estimated cost of about $7 million for 2026-27. Dressler said the bill is intended as a targeted, budget-friendly alternative to the ballot measure and emphasized that the state should maximize federal meal dollars while improving participation in the current program. Members questioned whether raising the threshold would actually increase utilization, whether a dollar amount would be clearer than a percentage, and how the change would affect federal reimbursements and application rates. DPI said it could quickly calculate additional percentage levels, and the chair closed the hearing, directing DPI to prepare more numbers for the work session.
Finally, the committee opened Senate Bill 2403, presented by Sen. Schiable, to create a short-term bridge-loan program for financially distressed hospitals, centered on Jacobson Memorial Hospital in Elgin. The bill would authorize up to $5 million per loan, with a $10 million appropriation available on a first-come, first-served basis, and would run only through June 30, 2027. Schiable said the hospital’s debt and operating problems threaten local health care, ambulance service, and the community’s economy, and that the proposal was designed narrowly with Bank of North Dakota review to avoid creating a broad precedent. Committee members asked whether the appropriation could be reduced and whether the bank would still apply commercial feasibility and repayment standards; Schiable said yes, the bank would still evaluate the loan and could reject it if it was not sound.
AZ
Transcript Highlights:
- and members, Senate Bill 1689 increases the defined loan amounts for consumer loans and consumer revolving
- loans from $10,000 to $50,000 for consumer loans and from $10,000 to $30,000 for consumer revolving
- your name, dated February 13th, 2026, at 3:21 p.m., increases the defined loan amount for consumer revolving
- That any outstanding home equity revolving loans must continue to comply with current law, and that a
- The amendment requires a consumer lender that modifies a home equity revolving loan after January 1st
Committee:
Senate Senate Finance Committee of Reference
Summary:
The Senate Finance Committee considered a lengthy agenda of bills covering consumer lending, insurance coverage, professional scope of practice, property tax administration, digital assets, and aviation tax policy. The committee first approved prior committee amendments, then heard SB 1689 on consumer loan thresholds and rates. After sponsor testimony that the bill modernizes outdated lending caps and lowers rates on larger loans, the committee adopted an amendment but the bill failed on a 3-1 vote, with Senator Epstein arguing the structure would shift costs onto smaller borrowers.
The committee then passed several health-related measures. SB 1347, requiring insurance coverage for fertility preservation services for cancer patients, was amended and passed 4-2 after testimony from the sponsor and cancer survivors; Senator Epstein opposed the religious-employer definition. SB 1165, eliminating cost-sharing for diagnostic and supplemental breast exams, passed 5-1 after testimony from Senator Angus and Susan G. Komen, with supporters saying it would reduce barriers to follow-up screening. SB 1212, barring insurers from reimbursing providers differently based on vaccination status, also passed 4-2 despite concerns that it could undermine vaccination incentive programs.
Other bills advanced or failed after similar debate. SB 1206, addressing contractor and public adjuster conduct after property losses, passed 5-1 with an amendment and support from State Farm. SB 1291, limiting county reassessment and inspections of agricultural property for four years after a successful appeal, passed 5-1 over assessor opposition and farm group support. SB 1649, creating a digital assets strategic reserve fund, passed 4-2 after debate over civil asset forfeiture and whether crypto should be treated as a strategic reserve. SB 1516, expanding an aviation-related tax exemption to aircraft maintenance and repair property, passed 4-1 amid sharp disagreement over whether it was economic development or a tax break for private jets. SB 1554, changing chiropractic statutory language from x-rays to diagnostic imaging, initially failed 3-3 but was reconsidered and later passed 3-2 after additional discussion about its practical effect.
AZ
Arizona 2026 Regular Session
02/10/2026 - Senate Natural Resources
Senate Natural Resources Committee of Reference
Transcript Highlights:
- million cap on a single loan for loans that are made from monies in the Water Supply Development Revolving
- under the creation of the modern WIFA, funding was appropriated to the Water Supply Development Revolving
- Through the process of administering the Water Supply Development Revolving Fund, we have seen the $3
- This will allow WIFA to meet the demands of our borrowers while maintaining the revolving health of the
- This change also brings the water supply development revolving fund into conformity with all of WIFA's
Summary:
The committee heard and advanced several appropriation and policy bills. SB 1488 would appropriate $600,000 for a workforce development study on coal-impacted communities in northern Arizona, especially areas affected by the closure of Navajo Generating Station and related coal operations; supporters described it as a needed transition study, and it received a do-pass recommendation. SB 1523 would provide $340,000 to the Navajo Nation for the Ganado waterline pipeline project serving 235 homes; testimony emphasized long-standing lack of safe drinking water, and the bill also received a do-pass recommendation. SB 1041 would appropriate $500,000 to the Arizona Trail Fund; supporters highlighted the trail’s statewide recreational and cultural value, and it passed with a do-pass recommendation. SB 1447 would extend the groundwater withdrawal fee moratorium and related Pinal AMA fund provisions through 2033; irrigation district representatives said the extension would help maintain infrastructure amid Colorado River shortages, and it was also recommended do-pass.
The committee also considered several regulatory bills. SB 1445 would let smaller cities and towns use approved on-site bacteriological testing equipment and limit required sampling frequency for certain ADEQ permits; the sponsor said it would save small towns money, while some members raised concerns about limiting sampling during discharge events, but the bill still received a do-pass recommendation. SB 1580 would appropriate $2.545 million for a statewide fire incident management platform for fire and law enforcement agencies; supporters said it would improve accountability, information sharing, and interoperability, while one member objected to the targeted funding approach, and the bill passed on a 5-3 vote. SB 1418 would streamline siting and permitting for small modular nuclear reactors in smaller counties, especially when co-located with large industrial users; supporters argued it would help energy reliability and rural economic development, while opponents warned it would weaken local review and environmental safeguards, and it passed 5-3.
The committee took up two bills involving consumer protections and access. SB 1419 would add inspection and disclosure requirements for rooftop solar installations and restrict sales claims about estimated savings; supporters said it responded to consumer complaints about roof damage and misleading sales practices, while opponents argued it would burden rooftop solar and restrict speech. After extensive testimony, including from county officials, former ROC leadership, and solar industry representatives, the bill received a do-pass recommendation on a 6-2 vote. SB 1363 would create a rural opportunity initiative to issue additional marijuana-related licenses for underserved rural communities; supporters said it would improve access and reduce illicit-market activity, while opponents argued the bill was confusing and could expand licenses too broadly. The committee ultimately recommended the bill do pass on an 8-0 vote, with members noting possible amendments before floor consideration.
WY
Transcript Highlights:
- Um, two, the brownfield revolving loan program.
- The first is the Brownfield Revolving Loan...
- The first is the Brownfield Revolving Loan Program Fund, again without statutes because there are no
- Program Account, and the fifth is the Large Project Account within the Revolving Investment Fund.
- And that is a revolving account, and so... and that is a revolving account, and so I believe, and I will
Committee:
Joint Appropriations
FL
Florida 2025 Regular Session
FL House Floor Session - 2025-05-02 (11:00AM Session)
Florida House Floor Meeting
Transcript Highlights:
- Rep, I'm looking at lines 418 to 423, this revolving loan program. Walk me through what this is.
- So the revolving loan program is something that has already existed.
- So if there are funds that are not utilized in that revolving loan... Thank you.
- Schools of Hope funding and $100 million in revolving loans specifically. Rep. Escamani.
- So the revolving loan program is something that has already existed.
Summary:
The House took up a series of Senate messages and concurred in several amendments before passing multiple bills. Early actions included unanimous passage of CS/CS/HB 1299 on Department of Health matters, CS/HB 1549 on financial institutions after removing a Senate-added trust-account provision, and CS/CS/SB 768 on foreign ties in business ownership after trimming registration requirements. The chamber also insisted on its housing amendment to CS/CS/CS/SB 184 after the Senate refused to concur.
A major portion of the meeting focused on CS/CS/HB 875 on educator preparation. The House adopted an amendment restoring two teacher-prep courses, preserving the Florida Center for Teaching Excellence at Miami-Dade College in partnership with USF, and modifying the teacher candidate testing framework and mentor qualifications. Supporters said it reduced barriers while keeping standards; opponents raised concerns about the remaining “identity politics” language and other provisions. The bill then passed 91-22.
The House also passed HB 1101 on out-of-network providers after adopting a House amendment that kept the original bill’s notice and referral provisions with a good-cause exemption, despite objections that it placed too much responsibility on doctors. Later, the chamber approved CS/CS/SB 180 on emergency preparedness and response, with members highlighting debris management, emergency planning, crane safety, and hurricane recovery provisions; it passed unanimously. The House then rejected concurrence in a Senate amendment to HB 1609 on waste incineration, and later spent substantial time debating CS/CS/HB 1115 on education, especially Schools of Hope, expanded co-location authority, funding, transportation, and school-district agreement terms. Critics argued the language was added late and could disadvantage traditional public schools, while supporters said it would expand options for students; the debate continued with the bill still under consideration at the end of the excerpt.
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Jan 17th, 2026 at 09:11 am
House Appropriations & Finance
Transcript Highlights:
- On line 40 to... ...the Federal Reimbursement Revolving Fund, what is our balance in that fund?
- Chairman, on line 39, the Child Care Facility Revolving Loan Fund.
- Revolving Fund. We indicated that, Mr.
- ...to the Opportunity Enterprise Revolving Fund. Mr. Chair, Representative, the general fund.
- an NMFA fund. ...of the Opportunity Enterprise Revolving Fund is that it is an NMFA fund.
Committee:
House House Appropriations & Finance
AZ
Arizona 2026 Regular Session
01/20/2026 - House Natural Resources, Energy & Water
House Natural Resources, Energy & Water Committee of Reference
Transcript Highlights:
- It prescribes WIFA to award financial assistance for those projects from the Clean Water Revolving Fund
- and the Drinking Water Revolving Fund.
- The funding mechanism to handle these loans would specifically be the Clean Water State Revolving Fund
- We talked about that available via the Clean Water State Revolving Fund, which is largely capitalized
Summary:
The House Committee on Natural Resources, Energy and Water heard three bills related to the Water Infrastructure Finance Authority (WIFA) and water conservation funding. HB 2029 would require grant applicants to provide additional information about how water-conservation grant funds will be used, including expected long-term water savings, efficiency improvements, or reliability benefits. WIFA testified neutral, saying most of the information is already collected in agency policy and that the program is voluntary and reimbursement-based. The bill passed 9-1 with a due pass recommendation.
HB 2030 would remove education and research programs from the list of allowable uses for the water conservation grant fund. Committee discussion focused on how much funding had gone to education/research projects and whether those projects still produced meaningful water savings. WIFA said about 15 projects with education or research components received roughly $10.5 million and were associated with an estimated 180,000 acre-feet in savings, though those savings were projections and the projects were not purely educational. Several members opposed removing those categories, but the bill passed 6-4 with a due pass recommendation.
HB 2096 would expand WIFA financing to include remediation, closure, or replacement of cesspools that threaten groundwater, surface water, or public health, and would allow counties to use revolving-fund financing and income-based assistance for such projects. County and association witnesses supported the bill, describing the public health risks of aging cesspools and the need to help homeowners afford replacement systems; ADEQ was neutral. WIFA said the bill clarifies county authority to enter loans for this purpose and noted the funding would come from existing federal revolving-fund resources. The bill passed unanimously, 10-0, with a due pass recommendation, and the meeting adjourned.
AZ
Arizona 2026 Regular Session
01/20/2026 - House Natural Resources, Energy & Water
Natural Resources, Energy & Water
Transcript Highlights:
- It prescribes WIFA to award financial assistance for those projects from the Clean Water Revolving Fund
- and the Drinking Water Revolving Fund.
- The funding mechanism to handle these loans would specifically be the Clean Water State Revolving Fund
- Funding to address these exists; we talked about that available via the Clean Water State Revolving Fund
Committees:
House Natural Resources, Energy & Water , House House Natural Resources, Energy & Water Committee of Reference
Keywords:
water conservation, grants, infrastructure, environmental protection, sustainability, grant fund, Arizona water law, A.R.S. 49-1332, water efficiency, water reuse, education programs, public outreach, rainwater harvesting, gray water, graywater, drought-resistant landscaping, xeriscaping, turf removal, groundwater recharge, aquifer health
HI
Transcript Highlights:
- fund we're going to modify to revolving fund we're going to modify to $1<00:58:09.240><c> Governor's
- </c><00:58:17.440><c> fund</c><00:58:18.079><c> going</c><00:58:18.200><c> to</c> Management revolving
- fund going to Management revolving fund going to modify<00:58:18.720><c> to</c> modify to modify to
- </c><01:38:58.800><c> funds</c><01:38:59.520><c> um</c><01:38:59.679><c> revolving</c> obligation revolving
- funds um revolving obligation revolving funds um revolving bonds<01:39:00.520><c> sorry</c><01:39:01.080
Committee:
House Finance
HI
Transcript Highlights:
- Next item is HB 2060 relating to the rental housing revolving fund.
- :01:32.960><c> the</c><00:01:33.040><c> rental</c><00:01:33.280><c> housing</c><00:01:33.520><c> revolving
- </c> to the rental housing revolving fund. to the rental housing revolving fund.
- Next item on the agenda—oh, sorry, this is you—is Senate Bill 2069, relating to the dwelling unit revolving
Bills:
SB2876 , SB3253 , SB2125 , SB2781 , HB549 , HB1768 , SB2053 , SB2494 , SB2851 , SB3073 , HB1678 , HB1721 , HB2475 , HB2246 , HB1667 , HB1516 , SB2532 , SB3131 , SB3154 , HB2297 , HB1737 , SB2143 , SB2398 , SB2623 , HB1740 , HB1920 , HB1682 , SB2153 , SB3140 , HB1515 , SB2835 , HB2282 , SB3083 , SB2031 , SB2519 , SB2667 , SB2140 , SB2544 , SB2069 , SB2697 , SB874 , SB2043 , SB888 , SB2721 , HB2152 , HB1334 , HB2385 , HB1643 , HB2314 , HB1688 , HB1692 , SB2568 , SB2983 , SB2108 , SB3136 , HB1959 , SB3156 , HB1511 , HB1753 , HB1824 , HB2137 , HB1810 , HB2279 , HB2309 , HB1548 , HB2078 , HB2293 , SB3262 , SB2169 , SB2607 , SB2964 , SB3255 , HB2576 , HB1481 , HB1864 , HB1550 , SB2818 , SB3067 , SB2061 , HB1728 , HB1881 , HB2361 , HB2395 , HB1823 , SB2050 , SB2397 , SB2175 , SB2852 , SB847 , SB3001
AL
Transcript Highlights:
- But, uh, the service contract revolving fund, what was that covering?
- And it says it's going to be rolled into the special examination revolving fund.
- the does this pay for that that fund uh the service<00:15:00.720><c> contract</c><00:15:01.040><c> revolving
- </c> service contract revolving fund? service contract revolving fund?
Committee:
House Insurance
Keywords:
police abuse registry, law enforcement registry, officer assault, assault on police, resisting arrest, battery on law enforcement, law enforcement injury fund, Back the Blue Act, Attorney General, clemency, pardon, commutation, rehabilitation costs, medical costs, public safety, criminal records, background checks, registry removal fee, privacy, due process
MN
Minnesota 2025-2026 Regular Session
Conference Committee on S.F. 1832 - Jobs and Labor Omnibus - 05/15/25
Transcript Highlights:
- know there is funding tied to this program and I have emailed all of the chairs because it is a revolving
- ongoing funding being cut by four million to just have 2 million in this program because it is a revolving
- </c><00:30:28.399><c> I</c><00:30:28.880><c> have</c><00:30:29.120><c> asked</c> is a revolving loan
- I have asked is a revolving loan fund.
- </c><00:30:38.880><c> loan</c> program because it is a revolving loan program because it is a revolving
NH
New Hampshire 2025 Regular Session
House Municipal and County Government (01/13/2025)
Municipal and County Government
Transcript Highlights:
- So what if I'm a county—well, that's if I over-appropriate into that revolving fund.
- It isn't clear to me how the money gets taken out of the reserve fund, revolving fund.
- Does that mean that you could establish five revolving funds if you have different purposes?
- Does it mean that funds from the initial revolving fund can be moved to this revolving fund?
- :08.800><c> that</c> to this revolving fund what does that to this revolving fund what does that actually
Committee:
House Municipal and County Government
OK
Oklahoma 2026 Regular Session
Appropriations and Budget General Government Subcommittee 2nd Revision - HB3307 - Steagall - added Feb 16th, 2026 at 04:30 pm
A&B General Government Subcommittee
Transcript Highlights:
- It's going to land back on the state, and we're looking to create a revolving fund to start putting money
- We're looking to create a revolving fund to start putting money in as we need to start replenishing our
- We're just looking for a revolving fund to put money in to upgrade. Government still.
- We're just looking for a revolving fund to put money in to upgrade.
Committee:
House A&B General Government Subcommittee
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 087 Apr 11th, 2026
Colorado House Floor Meeting
Transcript Highlights:
- </c><04:06:21.680><c> fund</c> water pollution control revolving fund water pollution control revolving
- </c> CRS and the drinking water revolving CRS and the drinking water revolving fund<04:06:27.439><c>
- The Department of Personnel Revolving Fund created in section 24-30-881, C.R.S.
- Office of the State Architect, 13.0 FTE. revolving fund created in section revolving fund created in
- </c> the department of personnel revolving the department of personnel revolving fund<05:27:05.200><c
AR
Transcript Highlights:
- The two largest revolving loan funds are the Construction Assistance and the Safe Drinking Water revolving
- These revolving loan funds are administered by ADFA.
- The three component units, the U of A medical sciences, and the revolving loan funds.
- The two largest revolving loan funds are the construction assistance and the safe drinking water revolving
- These revolving loan funds are administered by ADFA.
Committee:
All LEGISLATIVE JOINT AUDITING
Summary:
The Legislative Joint Auditing Committee met on June 5 and first adopted prior minutes and several committee reports. The executive committee report noted adoption of its minutes, staff updates on scheduled audits, approval of an annual financial audit for the City of Horseshoe Bend, and an update on the intern program. The Counties and Municipalities report covered delinquent private water and sewer audits, compliance follow-up with towns including Denning, Gum Springs, Omer, Fargo, Jericho, and Haynes, and review of current and deferred reports; the committee filed most current reports but deferred several and referred some matters to prosecutors and the Attorney General. The Educational Institutions report said 103 education audits were reviewed, most with no findings, while several school districts had findings and one Booneville School District finding was referred to law enforcement. The State Agencies report included findings at the Department of Finance and Administration and a deferred Department of Health report, and the committee filed 13 reports.
The committee then received lengthy presentations on the State of Arkansas annual comprehensive financial report and the state single audit for fiscal year ended June 30, 2025. Legislative Audit issued unmodified opinions on the state financial statements, but identified two material weaknesses: insufficient internal controls at the Office of State Technology to monitor threats and unauthorized access, and improper methodology changes and documentation issues at the Division of Workforce Services affecting year-end estimates for unemployment-related accounts. The single audit covered $12.4 billion in federal awards across 469 programs, with 16 major programs reviewed. Auditors reported 33 findings overall, including 31 federal findings, $12.9 million in outstanding questioned costs, and qualified opinions for the Summer Electronic Benefit Transfer program, the Coronavirus Capital Projects Fund, and the Child Care Development Fund cluster. Committee members questioned DHS, the broadband office, OST, DFA, Education, and Workforce Services about the findings, corrective actions, cyber protections, federal drawdowns, child care reporting, and accounting methodology changes.
Several agencies described corrective steps. DHS said it had changed how it draws Summer EBT funds, addressed provider revalidation and incarceration-related Medicaid issues, and updated internal processes and staffing. The broadband office said the questioned costs reflected invoice documentation disputes rather than missing payments and expected Treasury review to resolve the issue. OST said it was expanding logging, endpoint detection, and enterprise monitoring, and described broader cybersecurity investments, training, and a roadmap. DFA and Workforce Services addressed the workers’ compensation and unemployment accounting issues, with Workforce Services saying it had updated its policy and submitted the methodology to DFA. After discussion, the committee voted to hold the two statewide audit reports over until the August meeting, with members asked to submit specific questions in advance so only needed agencies would return.
The final item was a special report on the Hot Spring County Solid Waste Authority for January 1, 2023 through June 30, 2025. The audit reviewed compliance with laws, board procedures, bidding, payroll, permits, inspections, and cash handling. It noted prior private audit findings on segregation of duties, that recent private audit reports had not been obtained for 2023 through 2025, and that the current administrator said prior office staff and bookkeeping contractors resigned when he was hired. The authority’s operations and revenue sources were described, and the report was presented for committee review.
AR
Transcript Highlights:
- The two largest revolving loan funds are the construction assistance and the safe drinking water revolving
- These revolving loan funds are administered by ADFA.
- The three component units, the U of A medical sciences, and the revolving loan funds.
- The two largest revolving loan funds are the construction assistance and the safe drinking water revolving
- These revolving loan funds are administered by ADFA.
Committee:
All LEGISLATIVE JOINT AUDITING