Transcript Highlights:

• five years, or an attestation stating that the school district has not employed a superintendent or CFO
• including the base salary, amount of performance pay, and other benefits received by each superintendent or CFO
• base salary, a list of all employee benefits, and the car allowance received by each superintendent or CFO

Bills: HB2008 , HB2075 , HB2203 , HB2395 , HB2409

Committees: Senate Education , Senate Senate Education Committee of Reference

Keywords: school libraries, public school libraries, library funding, professional associations, library associations, librarians, information services, dues, membership fees, public monies, school governing body, county free library district, municipal library, library contracts, library services, books and programs, Arizona education, Title 15, Library Freedom Act, school district transparency

Bills: HB1558 , HB3400 , HJR117 , HB4446 , HB3494 , HB3481 , HB2701 , HB2034 , HB3854 , HB3951 , HB3579 , HB2721 , HB3767 , HB1860 , HB2334 , HR1107 , HB3426 , HB3427 , HR452 , HB5100

Keywords: financial management, government oversight, budgeting, accountability, reporting, federal financial management, government accountability, oversight, taxpayer funds, Office of Management and Budget, OMB, Chief Financial Officer, CFO, Deputy Chief Financial Officer, internal controls, financial reporting, financial audits, governmentwide financial management plan, financial management status report, performance metrics

Transcript Highlights:

• The CFO will have the authority.
• Can the CFO also invest in?
• So we're going to allow the CFO to invest in.
• Can the CFO also invest in?
• Are we still looking for the CFO?

Summary: The Insurance and Banking Committee met with a quorum and heard three bills. HB 487 would authorize the CFO and State Board of Administration to invest up to 10% of certain state funds in Bitcoin, require specified custody methods, allow Bitcoin lending under rule, and create a process for accepting taxes and fees in Bitcoin. The sponsor and several proponents argued it would diversify state investments, hedge inflation, and position Florida as a leader in digital assets. Members raised concerns about volatility, security, valuation, and whether Bitcoin was being singled out over other cryptocurrencies, but the bill was reported favorably after debate and a roll call vote. The committee then considered HB 7011, an Open Government Sunset Review measure for records of insolvent insurers. The bill would continue some exemptions but make additional records public, including underwriting files, risk-solvency assessments, corporate governance annual disclosures, and the names, benefits, and compensation of insurance executive officers. There was no public testimony, and members discussed privacy and safety concerns, but the bill passed and was reported favorably. Finally, the committee heard HB 1433 on hurricane mitigation grants and insurer regulation. The bill would tighten restrictions on former executives of failed insurers, raise capital requirements for new insurers, and require mitigation credits when homeowners receive Safe Florida Home funds. An amendment was adopted to require a licensed person to make final claim-denial decisions when AI or automation is used and to prioritize filings that lower rates. Consumer advocates supported the transparency and consumer protections, while industry representatives urged caution on the AI provisions. After debate, the amended bill was reported favorably. The meeting ended with closing remarks from the ranking member, vice chair, and chair reflecting on the committee’s work and likely final meeting of the term.

Transcript Highlights:

• I'm the Deputy Chief Financial Officer for CFO Jimmy Patronis.
• As you guys are all well aware, the CFO office is a statewide elected office.
• As you guys are all well aware, the CFO office is a statewide elected office.
• And since the CFO took office, we have returned $2.7 billion to citizens of Florida.
• Thank you, Deputy CFO.

Summary: The State Administration Budget Subcommittee met for an introductory overview of the agencies under its jurisdiction and their current-year budgets. Chair Vicki Lopez welcomed members and staff, and each member briefly introduced themselves and identified areas of interest, with recurring themes including fiscal restraint, insurance regulation, revenue administration, condominium issues, and government efficiency. The chair then outlined the subcommittee’s overall budget, about $3.1 billion, and noted major recent policy areas affecting the budget such as condominium legislation and emergency communications funding. Agency heads then presented high-level summaries of their missions and budgets. The Department of Revenue described property tax oversight, tax administration, and child support enforcement; the Department of Management Services reviewed state purchasing, telecommunications, fleet, state insurance, retirement, and digital services; DBPR highlighted licensing, enforcement, condominiums, and building code work; DFS covered insurance consumer services, risk management, unclaimed property, fire marshal functions, and criminal investigations; the Gaming Control Commission discussed pari-mutuel and tribal gaming oversight and enforcement; OIR explained insurer solvency and rate review; the Lottery emphasized education funding and record sales; OFR described regulation of banking, securities, lending, and money services; DOAH outlined administrative and workers’ compensation adjudication; PSC covered utility rate regulation and consumer complaints; PERC described labor relations and career service appeals; and FCHR summarized discrimination complaint investigations and outreach. Several members asked questions about utility returns, insurance regulation staffing, DMS’s state employee health plan deficit and prescription drug formulary management, agency recommendations for reducing regulatory burden, and state facilities usage. Responses generally emphasized that utility rates and insurer filings are determined through evidentiary and actuarial processes, that OIR has reduced vacancies but still seeks specialized staff and a Tampa office expansion, and that DMS acknowledged rising health plan costs and said the issue likely requires broader budget-level discussion. The chair also pressed multiple presenters to stay focused on agency operations and budgets rather than broader policy issues. No votes or formal actions were taken in the meeting.

Transcript Highlights:

• Karen Perry, CFO, Department of Public Safety. Mike Hager, Secretary, Department of Public Safety.
• Arkansas Code requires the CFO to determine the appropriate percentage deduction between 2 and 3% and
• James Caldwell, CFO, Shared Administrative Services. Thank you. Real quick question.
• James Caldwell, CFO, shared administrative services. Thank you. Real quick question.
• Karen Perry, CFO, Department of Public Safety. Lisa Dian, Crime Victims Reparations Board.

Committee: All ALC-PEER

Summary: The committee reviewed a large slate of appropriation, transfer, and continuation requests across multiple sections. In Section B, members considered temporary FY27 appropriations for agencies including Health, DHS, Education, Treasury, Public Safety, State Police, Emergency Management, Aeronautics, Military, Economic Development, Game and Fish, and others, covering items such as maternal health outreach, LIHEAP overpayment returns, Wynne High School tornado rebuilding, senior food services, cybersecurity, crime victim claims, airport grants, conservation incentives, and emergency tower maintenance. Questions focused on the DHS senior services carry-forward and Treasury custodial banking fees tied to lower balances after COVID funds were spent down. All Section B items were approved. The committee then approved continuation requests, ARPA reallocations, and federal grant-related items in Sections B2, C1A, D1, D2, D3, E1, E2, E3, F1A, G1, H1A, I1A, J1/J2, K1/K2/K3, L1/L2, M1/M2, N1/N2, O1A, and P1A. These included university nursing and workforce programs, environmental and recycling grants, highway safety and emergency management grants, a transfer to the Merit Teacher Incentive Program, restricted reserve transfers for military, agriculture, UAPB, Game and Fish, and AETN, and various cash-fund and budget classification transfers. Several members asked for more detail on the State Police highway safety grant, VOCA victim compensation funding, the NSGP nonprofit security grant, and the Office of State Technology’s E-Rate-related transfer; agency officials explained the uses and noted that some funding levels depend on federal awards and collections. A notable discussion occurred on the Department of Commerce reallocation, which shifts 68 positions and $3 million among divisions to support an organizational realignment and avoid shortfalls. The committee also reviewed a state central services deduction request to keep the rate at 2%, a DHS overtime request for child protection caseloads, and a year-end adjustments request authorizing up to $1 million in temporary actions to close FY26 books without disrupting payroll or vendor payments. Most items were approved or, in some sections, simply reviewed without objection. The meeting adjourned after completing the agenda.

Transcript Highlights:

• Karen Perry, CFO, Department of Public Safety. Mike Hager, Secretary, Department of Public Safety.
• Karen Perry, CFO, Department of Public Safety. Mike Hager, Secretary, Department of Public Safety.
• James Caldwell, CFO, Shared Administrative Services. Guys, thank you for coming to the table today.
• James Caldwell, CFO, Shared Administrative Services. Thank you. Real quick question.
• Karen Perry, CFO, Department of Public Safety. Lisa Dian, Crime Victims Reparations Board.

Committee: All ALC-PEER

Summary: The committee met to review a large slate of fiscal year 2026 and 2027 appropriation, transfer, and continuation requests across multiple sections. Early items included temporary appropriations for agencies such as Health, DHS, Education, Public Safety, State Police, Emergency Management, Aeronautics, Military, Economic Development, and Game and Fish, covering items like maternal health outreach, energy assistance repayments, Wynne High School tornado rebuilding, senior food services, cybersecurity, crime victim reparations, aviation grants, conservation incentives, and emergency tower maintenance. Members asked questions on several items, including DHS aging carry-forward funds and Treasury custodial banking fees tied to COVID-era balances; the committee also approved a disclosure by the chair on the Game and Fish-related item before voting to approve the section. The committee then approved continuation requests, CARES Act and ARPA reallocations, and federal grant appropriations. Notable discussion included the Boonville developmental disability project, ALIGN program reallocations at several universities, a small business technical assistance grant at UA Little Rock, and a Department of Public Safety highway safety grant, for which members requested more detail on operating expenses and professional fees. Additional approvals covered a transfer to the Merit Teacher Incentive program, restricted reserve fund transfers for military medical command and university projects, and a state central services deduction held at 2%. The Department of Commerce also received approval for a reallocation of positions and spending authority tied to its organizational realignment. Later sections included shared technology and higher education transfers, cash fund appropriations for school Medicaid reimbursements, corrections, youth mental health, narcotics detection canines, bike safety equipment, a state motor pool pilot, and law enforcement safety costs. The committee also reviewed budget classification transfers, including a Governor’s Office legal fee transfer related to a California lawsuit, and heard explanations about E-Rate reimbursements affecting the Office of State Technology. Members asked about VOCA funding levels for crime victim services and about the National Security Grant Program for nonprofits and faith-based organizations; officials said federal funding had declined from prior highs but appeared to have stabilized, and that the nonprofit security grant is an annual federal program. The meeting concluded with review of pay plan requests, DHS overtime funding for child protection caseloads, and a year-end adjustment request allowing DFA to make up to $1 million in transfers to close the books, after which the committee adjourned.

Transcript Highlights:

• So generally speaking, the CFO in the school district or whatever will look at the new assessments and
• Just, yeah, to comment on just my experience being on a school board, I mean, the CFO gets the numbers
• CFO gets the numbers from St.
• There's not a discretion by the CFO. It's not an estimate by the CFO.
• So I just want to sort of dispel any notion that it's an estimate by the school district CFO that ends

Committee: House Special Committee on Property Tax Reform

Transcript Highlights:

• rather than two CFOs at the campuses.
• So I serve as the vice president and CFO at San Francisco and the interim vice president and CFO at Sonoma
• So we essentially eliminated two CFO positions for our network that will be overseen by one CFO.
• So I serve as the vice president and CFO at San Francisco and the interim vice president and CFO at Sonoma
• So we essentially eliminated two CFO positions for our network that will be overseen by one CFO.

Summary: The joint Assembly Higher Education and Budget Subcommittee hearing focused on the future of the California State University system, with opening remarks emphasizing CSU’s major role in California’s economy, workforce, and degree production. Chairs and members said the hearing was intended to inform 2026 budget decisions and to examine three main issues: declining enrollment at some campuses, cost controls and possible consolidation, and oversight of recent state investments at campuses such as Humboldt and Sonoma. The meeting was briefly delayed by microphone and sound problems before reconvening. The first panel featured CSU Academic Senate Chair Dr. Elizabeth Boyd and Cal State Student Association Vice President Katie Karam. Boyd urged the Legislature to protect academic freedom, strengthen faculty governance, provide stable ongoing funding, end unfunded mandates, support student food and housing security, fund flexible course schedules, improve transfer systems such as ASSIST, avoid over-centralizing academic programs, protect immigrant students, and expand intersegmental collaboration. Karam said students are feeling the effects of budget shortfalls through fewer course sections, reduced advising and services, longer time to degree, and tuition pressure, and she called for transparency, meaningful student involvement in budget decisions, and sustained state investment rather than cuts that harm the student experience. The second panel covered enrollment management and included CSU Chancellor’s Office and campus administrators from Chico State, Cal State L.A., and San Diego State. Dr. Delcy Perez said CSU Forward and the new systemwide enrollment plan are aimed at expanding access, aligning programs with workforce needs, and increasing resident enrollment; she reported systemwide enrollment gains and strong application numbers, including a direct-admissions pilot that expanded from Riverside to more campuses. Campus representatives described local recruitment and retention strategies, including early outreach to high school students, community college partnerships, guaranteed admission programs, and expanded advising and student support. San Diego State highlighted record enrollment and high demand, while Cal State L.A. described efforts to recover from impaction and rebuild enrollment. Members pressed CSU officials on the accuracy of enrollment data, the gap between funded targets and actual enrollment, and the system’s reallocation formula. CSU staff explained that campuses below target will see a 5% ongoing reallocation beginning in 2026-27, with one-time reserve funding also being directed to campuses that can grow, and that fiscal health reviews have been completed for 21 of 22 campuses. Legislators also asked about turnaround plans required by the budget act; CSU said those plans are being developed and will be shared in the spring after campus consultation. No formal votes were taken.

Transcript Highlights:

• Karen Perry, CFO, Department of Public Safety. Mike Hager, Secretary, Department of Public Safety.
• Arkansas Code requires the CFO to determine the appropriate percentage deduction between 2 and 3% and
• James Caldwell, CFO, Shared Administrative Services. Guys, thank you for coming to the table today.
• James Caldwell, CFO, Shared Administrative Services. Thank you. Real quick question.
• Karen Perry, CFO, Department of Public Safety. Lisa Dian, Crime Victims Reparations Board.

Committee: All ALC-PEER

Transcript Highlights:

• Handed Christian, CFO, State Fire Marshal, representing, waving in support.
• I am really honored that the CFO Fire Marshal has asked me to run this bill.
• I am really honored that the CFO Fire Marshal has asked me to run this bill.
• I agree with the honored that the CFO Fire Marshal has asked me to run this bill.
• This reserve will be managed and administered by the CFO.

Summary: The Senate Committee on Banking and Insurance met with a quorum present and took up a full agenda of bills, beginning with SB 1286 by Sen. Wright. That bill expanded the state recruitment bonus program to include newly employed firefighters, created a DFS grant review panel, and established a PTSD institute within DFS for first-responder behavioral health. Fire chiefs, the Florida League of Cities, and others supported the measure, and the committee reported it favorably. The committee then considered SB 198 on virtual currency kiosks by Sen. Rousan. A substitute amendment was adopted that clarified daily transaction limits, registration requirements, expiration rules, and OFR authority to deny registrations. Testimony focused on protecting seniors from crypto-ATM scams while giving the industry regulatory certainty. The committee also favorably reported CS/SB 198. Members next approved CS/SB 772, which allows portable electronics limited licensees to sell eyewear insurance, and CS/SB 1504, which updates insurance customer representative licensing pathways by allowing a high school insurance and personal finance course to count toward pre-licensure education. The committee also favorably reported Sen. Gruters’ CS/SB 1038 and CS/SB 1040, which together create the Florida Strategic Cryptocurrency Reserve and its trust fund framework, and CS/SB 1440, which expands public records exemptions and cybersecurity-related protections for financial institutions, loan originators, money service businesses, and credit unions. Sen. Burton’s SB 1668 on the NICA program drew extensive testimony from a NICA board member and family advocate, who urged stronger funding to preserve lifelong care for catastrophically injured children; the bill was reported favorably despite concerns from the Florida Justice Association about benefit restrictions and retroactivity. Finally, the committee approved CS/SB 570, creating a DFS task force on payment scams, after an amendment reduced FDLE’s required representation. At the end of the meeting, Sen. Burton requested to be recorded in the affirmative on SB 1286, and Sen. Passidomo requested affirmative votes on tabs 3, 5, and 9; the committee then adjourned.

Transcript Highlights:

• Handed Christian, CFO, State Fire Marshal, representing, waving in support.
• Honored that the CFO Fire Marshal has asked me to run this bill.
• Waving in support, representing the CFO.
• This reserve will be managed and administered by the CFO.
• This reserve will be managed and administered by the CFO.

Committee: Senate Banking and Insurance

Summary: The Senate Committee on Banking and Insurance met with a quorum present and took up a series of bills, beginning with SB 1286, which expands Florida’s first responder recruitment bonus program to include newly employed firefighters, creates a DFS grant review panel, and establishes a PTSD institute within DFS. Supporters from the fire service and local government spoke in favor, and the bill was reported favorably. The committee then considered SB 198 on virtual currency kiosks. After adopting a substitute amendment, members heard testimony from consumer advocates, industry representatives, and credit unions about scam prevention, elder financial exploitation, and the need for regulatory certainty. The bill was reported favorably as a committee substitute. Members also approved SB 772, which allows limited licenses for portable electronics and eyewear insurance, and SB 1504, which creates a pathway for high school students to qualify for insurance customer representative licensure through insurance and personal finance coursework. Later, the committee approved SB 1038 and SB 1040, which together create a Florida Strategic Cryptocurrency Reserve and the related trust fund, both with technical amendments. SB 1440, dealing with public records exemptions tied to cybersecurity events and financial regulation, was also reported favorably after amendment. The committee then heard SB 1668 on the NICA program, with testimony both supporting solvency reforms and raising concerns about benefits and retroactivity; the bill was reported favorably. Finally, SB 570 created a task force on payment scams under DFS, was amended to reduce FDLE staffing requirements, and was reported favorably. The meeting ended after senators requested to be recorded as voting in the affirmative on certain bills and the committee adjourned.

Transcript Highlights:

• Thank you, CFO Young, for being here.
• </c> projects first we'll welcome back uh CFO projects first we'll welcome back uh CFO young<00:23:34.200
• </c> that no okay all right okay um sorry CFO that no okay all right okay um sorry CFO young<00:28:59.679
• So first we have CFO Young testifying in support.
• </c> my responsibility as the university CFO my responsibility as the university CFO is<00:31:54.840>

Summary: The committee first heard House Bill 707, which would create a state income tax deduction for contributions to Hawaii 529 college savings accounts and conform state law to federal changes allowing 529 funds to be used for K-12 expenses. The Department of Taxation said it could administer the bill as written. The Hawaii State Council on Developmental Disabilities supported the measure but asked that ABLE accounts be included and that the program title be changed; the Department of Taxation indicated the title issue could be a problem because the bill’s expanded purpose may not fit the current program name. No vote was taken. The committee then heard House Bill 617, which would fund a Bachelor of Science in Nursing program at the University of Hawaiʻi Community Colleges. UH Community Colleges supported the bill, and Maui nursing staff testified that faculty recruitment is challenging but manageable, clinical placements are available, and the campus already has a statewide RN-to-BSN pathway; they said the new program would create two tracks, including a four-year BSN option. Members also heard support from several organizations, including the Office of Hawaiian Affairs, nursing groups, and health care associations. No action was taken. Next were several UH-related measures. HB 718 would fund faculty and staff positions at the John A. Burns School of Medicine; the dean and other supporters testified in favor. HB 1279 would create a medical education liaison position tied to Project ECHO; the Attorney General raised constitutional concerns about statewide concern and grant standards, while an individual witness supported the concept but suggested the bill should focus on liaison/support functions rather than program administration. HB 1169 would consolidate conference center revolving funds, and HB 1168 would authorize up to $800 million in UH revenue bonds; UH’s CFO said both were procedural/housekeeping measures and supported them. On HB 1168, members questioned debt service, possible uses, and whether deferred maintenance would be included; the CFO estimated annual debt service could be about $33 million to $41 million at current rates, said likely uses could include student housing and research facilities, and said deferred maintenance was not the current strategy. The CFO also explained that revenue bonds require both legislative authorization and a Board of Regents resolution approving the project and amount. Finally, the committee heard HB 548, which would authorize revenue bonds and appropriations to acquire the St. Francis School campus for UH Mānoa. UH supported the bill but noted the property is privately owned and not known to be for sale. A supporter described the site as a unique 11-acre parcel contiguous to the main campus and urged the committee to seize the opportunity for future generations. No vote or final action was taken on the bills in the transcript.

Transcript Highlights:

• So generally speaking, the CFO in the school district or whatever will look at the new assessments and
• But what I have found over the years, and it's very consistent, year after year after year, is that CFOs
• Just, yeah, to comment on my experience being on a school board, I mean, the CFO gets the numbers from
• There's not discretion by the CFO. It's not an estimate by the CFO.
• So I just want to sort of dispel any notion that it's an estimate by the school district CFO that ends

Committee: House Special Committee on Property Tax Reform

Summary: The Special Committee on Property Tax Reform met in executive session with a quorum present and took up a House Committee substitute for Senate Substitute for Senate Committee Substitute for Senate Bills 1066 and 1088. Members discussed several amendments that bundled multiple property tax provisions, including clarification of the 15% commercial ownership threshold, school levy language, senior property tax freeze language, no-tax-increase bond wording, ballot language requirements, and a severability clause. One proposed amendment to preserve a comparison to a single-rate calculation in the auditor’s multi-rate tax form drew extended discussion about whether the current siloing approach could reduce projected revenue for taxing districts; the sponsor ultimately withdrew that amendment after noting the issue would need further study. The committee then adopted another amendment shortening ballot language requirements, and later adopted the underlying committee amendment and rolled the changes into a new substitute. Members also discussed a tax abatement provision added to the bill, with concerns raised that large abatements, such as those tied to a data center project, could affect levy calculations; supporters argued the language would apply to cities and counties rather than school districts. After debate, the committee voted to adopt the substitute and then voted the House Committee substitute for the Senate substitute for Senate Committee Substitute for Senate Bills 1066 and 1088 do pass by a roll call vote of 11 ayes and 5 noes. The committee then adjourned.

Transcript Highlights:

• I'll start and then pass it back to CFO Ajean for the remaining slides.
• CFO Green, Mr.
• They may increase the cost to the state CFO agreement. Mr.
• CFO Grean, thank you.
• Thank you, CFO Greeman, Director Bailey.

Committee: House Human Services Finance and Policy

Transcript Highlights:

• And Hannah Christian with the CFO, our new CFO, and State Fire Marshal Blazingolia.
• And Hannah Christian with the CFO, our new CFO, and State Fire Marshal Blazingolia.
• Senator Arrington, you are recognized in debate. waving in support, and Hannah Christian with, oh, the CFO
• , our new CFO, and State Fire Marshal Blazingolia.

Bills: S0774 , S7028 , S7024 , S7026

Committee: Senate Governmental Oversight and Accountability

Summary: The Committee on Governmental Oversight and Accountability met and first heard Senate Bill 774, which would extend workers’ compensation medical benefits for employment-related mental or nervous injuries to 911 public safety telecommunicators, even without a physical injury. The sponsor and several dispatchers, a clinician, and communications directors testified in support, describing repeated exposure to traumatic calls, chronic understaffing, and the need for mental health treatment and retention support. Senator DiCeglie and Chair Mayfield praised dispatchers’ work, and the bill was reported favorably by committee vote, with Senator McClain later recorded as voting yes on the bill. The committee then took up SPB 7028, a retirement bill that sets Florida Retirement System employer contribution rates beginning July 1, 2026, leaves the 3% employee contribution unchanged, allows certain elected officers to receive a DROP payout under specified conditions, and provides a 1.5% alternative cost-of-living adjustment for eligible special risk retirees. Firefighters, police, sheriffs, and chiefs’ groups spoke in support, emphasizing recruitment and retention. The committee voted to submit the proposal as a committee bill and reported it favorably. Finally, the committee considered SPB 7024 and SPB 7026, both open-government-related bills. SPB 7024 would repeal the current public records and public meeting exemption for cybersecurity information and consolidate agency-specific cybersecurity exemptions into one agency-wide exemption. SPB 7026 would repeal the current public records exemption for trade secrets held by an agency and similarly consolidate specific trade secret exemptions into one agency-wide exemption. Neither bill drew testimony or debate, and both were submitted as committee bills and reported favorably. The meeting then adjourned.

Transcript Highlights:

• Handed Christian, CFO, State Fire Marshal, representing, waving in support.
• I am really honored that the CFO Fire Marshal has asked me to run this bill.
• I agree with the... ...honored that the CFO Fire Marshal has asked me to run this bill.
• Hennig Christian is waving in support, representing the CFO.
• This reserve will be managed and administered by the CFO.

Bills: S0198 , S0570 , S0772 , S0808 , S1038 , S1040 , S1286 , S1440 , S1504 , S1668

Committee: Senate Banking and Insurance

Summary: The Committee on Banking and Insurance met with a quorum present and took up a series of bills, beginning with SB 1286 by Senator Wright. That bill expands the law enforcement recruitment bonus program to include firefighters, creates a DFS grant review panel for fire-related grants, and establishes an institute for PTSD and first-responder behavioral health. Testimony from fire chiefs and others supported the measure, and the committee reported it favorably. The committee then considered several insurance and financial regulation bills. CS/SB 198 by Senator Rousan, as amended, regulates virtual currency kiosks with transaction limits, notice and receipt requirements, and OFR enforcement authority; witnesses described it as a needed anti-fraud measure, especially for seniors, and it was reported favorably. CS/SB 772 by Senator Burgess, as amended, allows limited licenses for portable electronics and eyewear insurance, and CS/SB 1504 by Senator Claudio, as amended, creates a pathway for high school students to qualify for insurance customer representative licensure; both were reported favorably. The committee also approved two cryptocurrency reserve bills by Senator Gruters: CS/SB 1038 creates the Florida Strategic Cryptocurrency Reserve framework, and CS/SB 1040 creates the related trust fund; both received technical amendments and favorable reports. CS/SB 1440 by Senator Martin, as amended, creates public records exemptions and cybersecurity reporting provisions for financial institutions and related entities, and it was reported favorably. Finally, SB 1668 by Senator Burton, which updates the NICA program’s funding and benefit structure, and CS/SB 570 by Senator Polsky, which creates a task force on payment scams, were both heard with supportive testimony and reported favorably. Senators later recorded additional affirmative votes on selected bills before the committee adjourned.

Transcript Highlights:

• But overall, we, as the CFOs, monitor this on a regular and consistent basis.
• If there's any question, we defer back to the CFO and the university.
• , so the CFO will bring me their needs.
• I have a link to the foundation by way of the CFO for the foundation.
• I have a link to the foundation by way of the CFO for the foundation.

Summary: The Higher Education Budget Subcommittee met to hear an overview of State University System finances from the Board of Governors and detailed budget presentations from Florida State University, the University of Central Florida, and the University of North Florida. The witnesses explained how university budgets are organized into fund categories such as education and general, contracts and grants, auxiliaries, local/designated funds, capital projects, and component units such as direct support organizations. They also described carry forward funds, the statutory reserve and spending-plan requirements, the PICO/HECO capital outlay process, and how universities use investment accounts, audits, and board oversight to manage restricted and unspent funds. The universities emphasized that most operating dollars are restricted to specific uses and that state support helps keep tuition low. Members asked about differences in funding levels among institutions, especially why FSU receives more funding than UCF despite lower enrollment. Officials said preeminence funding, performance funding, and special legislative appropriations explain much of the difference, and the Board of Governors noted that Florida now has four preeminent universities, with UCF nearing that status. Questions also focused on what happens to unspent carry forward money, how it is invested, and whether the Board of Governors or Legislature can require funds to be returned; officials said the money is invested conservatively, subject to board and audit oversight, and can roll forward under a detailed spending plan, though the Legislature can change funding levels. The committee also discussed capital projects, with members asking about delays, inflation, and whether more projects should be phased or funded faster; witnesses said PICO funds remain with the state until needed and are reimbursed as construction proceeds. A substantial portion of the discussion covered athletics, research, student fees, and endowments. The universities said athletics is generally expected to be self-supporting, though limited use of auxiliary or carry forward funds may be allowed for projects benefiting the broader student body. They also described the financial pressures from name, image, and likeness changes and new NCAA-related costs, and said institutions are planning for those changes now. On research, the universities explained sponsored research funding, indirect cost recovery, compliance obligations, and tech transfer, but did not provide specific commercialization revenue figures and said they would follow up. Members also asked about student fee increases, student input, counseling and wellness funding, and how housing costs affect affordability; the universities said student committees and boards review fees, and aid packaging is intended to keep student debt low. Endowments were described as being held in separate foundations/DSOs with independent investment committees and used mainly for scholarships, faculty support, and research.

Transcript Highlights:

• And Hannah Christian with the CFO, our new CFO, and State Fire Marshal Blazingolia.
• And Hannah Christian with the CFO. waving in support, and Hannah Christian with, oh, the CFO, our new
• CFO, and State Fire Marshal Blazingolia.

Summary: The Committee on Governmental Oversight and Accountability met and first took up SB 774, which would extend workers’ compensation coverage for mental or nervous injuries, without a physical injury, to 911 public safety telecommunicators. The sponsor and several dispatchers, a behavioral health clinician, and communications directors testified in support, describing repeated exposure to traumatic calls, chronic understaffing, and the cumulative mental health impact of the job. Members from both sides praised telecommunicators and emphasized their role as first responders. The bill was reported favorably, with Senator McLean later recorded as voting yes on the measure. The committee then considered SPB 7028, a retirement bill setting Florida Retirement System employer contribution rates beginning July 1, 2026, without changing the 3% employee contribution rate. The proposal also allowed certain elected officers to receive a DROP payout under specified conditions and provided a 1.5% alternative cost-of-living adjustment for eligible special risk retirees. Representatives from firefighters, law enforcement, police chiefs, sheriffs, and fire chiefs supported the bill as a recruitment and retention tool. The committee voted to submit SPB 7028 as a committee bill and reported it favorably. Finally, the committee heard SPB 7024 and SPB 7026, both Governmental Oversight and Accountability proposals to consolidate and update public records/public meeting exemptions. SPB 7024 would repeal the current cybersecurity information exemption and create a consolidated agency-wide exemption for cybersecurity, information, and operational technology information. SPB 7026 would similarly consolidate agency-held trade secret exemptions into one agency-wide exemption. Neither bill drew testimony or debate, and both were submitted as committee bills and reported favorably by unanimous votes.

Transcript Highlights:

• My name's Tony Shrek, and I am the CFO for the State Fair Board. >> All right.
• Shrek, and<00:20:09.480><c> I</c><00:20:09.600><c> am</c><00:20:09.760><c> the</c><00:20:10.000><c> CFO
• </c> and I am the CFO for State Fair Board. and I am the CFO for State Fair Board.
• >> Well, I'd ask our CFO if he could talk a little bit about that, if you would. >> I sure it was just
• could he talk a &gt;&gt; Well, I'd ask our CFO could he talk a little<00:31:53.480><c> bit</c><00:31

Summary: The Budget Subcommittee met without a quorum at first, then approved the minutes once a quorum was reached. The first presentation was from the Department of Housing, Buildings, and Construction within the Public Protection Cabinet. Commissioner Max Fuller and Deputy Commissioner David Moore reviewed the department’s licensing structure, noting about 50 license types and roughly 42,000 active licenses, with most tied to plumbing, HVAC, and electrical work. They compared Kentucky’s fees and requirements with neighboring states and said Kentucky is generally in line or slightly below surrounding states when local and contractor licensing requirements elsewhere are considered. The department also described staffing and inspection pressures. Officials said boiler inspections have a measurable backlog, with about 18% of state-jurisdiction boilers and pressure vessels past due statewide and a higher percentage in Jefferson County. They said building code plan review turnaround has risen from about 30 days to roughly 33–35 days, and that some areas are struggling to maintain same-day plumbing inspections and three-day HVAC inspections. Members asked whether the agency could handle increased housing construction, especially in rural areas; the department said it had requested additional plumbing staff and a plan reviewer, particularly for the Bowling Green/Warren County area, and noted that electrical inspectors are stretched across the state and are also pulled into disaster response work. The committee then heard from Kentucky Venues and the Kentucky State Fair Board on the Kentucky Exposition Center renovation and related operations. David Beck, board chairman David Williams, CFO Tony Shrek, and others said the project is progressing ahead of schedule, with keys to the new building expected in December and the facility already booked for future events. They reported strong tourism and economic impact, including record activity at the Exposition Center and downtown convention center, and said the Farm Machinery Show and other events continue to drive demand. Members asked about budget status, and the presenters said inflation, delayed access to funds due to the RFP/design process, and added costs have left them short of money to finish all planned work. They identified phase three funding needs, including food and beverage service improvements and completion of Freedom Hall seating, and said they are considering bringing food and beverage operations back under their control to improve efficiency and revenue. The meeting ended with no formal votes on the presentations and an announcement that the committee would meet again the following Tuesday.

Transcript Highlights:

• I'm the CFO at LOPD. And Mr.
• I'm going to let our CFO Ms.
• I'm going to let our CFO Ms.
• Malden is my CFO, this is his 30th year.
• Also with me is our CFO. Anna Casaus.