Transcript Highlights:

• :15:02.000> not<00:15:02.320> one<00:15:02.399> or<00:15:02.560> two<00:15
• :15:26.880> our<00:15:27.040> annual<00:15:27.279> meeting<00:15:27.519> this
• <00:15:27.680> year<00:15:27.839> and<00:15:28.000> our at our annual meeting
• this year and our at our annual meeting this year and our our<00:15:28.639> theme<00:15:28.880
• > Currently,<01:17:59.840> we<01:18:00.080> have<01:18:00.159> many Kentucky

Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:01:00 Approval of Minutes 00:02:31 Kentucky Farm Bureau 00:02:42 Kentucky Department of Agriculture 00:28:18 Kentucky Cattlemen's Association 01:48:13, 958, all

Summary: The committee heard first from Kentucky Farm Bureau leaders, who outlined the organization’s current priorities and recent work on farmland transition. Eddie Melton said Farm Bureau is working through 983 county and advisory committee resolutions and highlighted support for the updated selling farmer tax credit, now law through House Bill 775, as well as Senate Bill 28’s agriculture economic development provisions. He said Farm Bureau’s likely priorities include maintaining the 50% share of the tobacco settlement fund for agriculture, protecting funding for the Kentucky Department of Agriculture, preserving sales tax exemptions on farm inputs, keeping property taxes controlled, and exploring additional tools to keep farmland in active farmers’ hands, including possible loan or inheritance-tax changes. He also raised concerns about eminent domain transparency, nuisance deer permits, and access to agricultural inputs and crop protection products. Alita Bots described the farmland transition initiative in more detail, saying the revised state tax credit is generating strong interest and that a new federal tax provision now allows eligible land sales to actively engaged farmers to spread capital gains taxes over time. She said the initiative has reached 22 counties and more than 1,300 people this year through outreach and meetings, and that Farm Bureau is pairing policy work with resources to help farm families plan transitions and prepare wills and other estate documents. Drew Graham added that the effort is also meant to bridge the rural-urban divide and support rural communities, and Farm Bureau invited members to its annual meeting in early December. Members asked about rising insurance costs and deer damage. Farm Bureau representatives said severe convective storms, inflation, and higher repair and material costs have driven insurance rate increases, citing five major storm events since 2021 and a recent Owensboro hailstorm that caused about $350 million in losses; they said the company is moving toward percentage deductibles to help moderate increases. On deer, they said crop-loss totals are hard to quantify but acknowledged the problem and discussed possible coordination with the Department of Fish and Wildlife and Hunters for the Hungry. Commissioner Jonathan Shell then began the Department of Agriculture presentation, reporting gains from the department’s school agriculture outreach program, including a 23% increase in county participation between March and September and improved teacher-reported student learning, before continuing into the department’s legislative priorities.

Transcript Highlights:

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• > Authority<00:15:35.839> did<00:15:36.000> a we the Kentucky River Authority did
• a we the Kentucky River Authority did a similar<00:15:36.560> project<00:15:36.880> to
• ,<00:15:40.399> Kentucky.
• Kentucky, also 2 is located in Lockport, Kentucky, also in<00:15:48.000> Henry<00:15:48.480>

Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:00:30 Office of the Attorney General 00:01:50 Kentucky River Authority 00:12:50, 958, all

Summary: The Budget Review Subcommittee on General Government met without a quorum at first, then heard an update on child exploitation enforcement efforts from the Office of the Attorney General and the Department of Criminal Investigations. The presenters described the specialized investigation and prosecution unit funded in House Bill 6, saying the added resources allowed them to hire four staff members and expand work on cyber tips, search warrants, arrests, forensic processing, victim advocacy, and training for local law enforcement. They highlighted a recent rescue of a 5-year-old victim from a Discord-related case and said the office had also filed a civil lawsuit against Roblox, alleging the platform lacked adequate age verification and allowed predators access to children. Senators asked about the lawsuit, and the presenters said Kentucky was one of only two states to sue Roblox and that the complaint was based on evidence collected by the office. The committee then received an update from the Kentucky River Authority on lock and dam repairs funded in the 2024-2026 budget. The authority reported progress on three capital projects: upper guide repairs at Locks 2 and 3, design and repair work at Dam 7, and design work to reopen Lock 5 for navigation. Officials explained that river construction is limited by flooding and fish-spawn restrictions, and they described the engineering and safety issues involved in replacing guide walls and repairing Dam 7’s spillway. They also said the authority had demolished three obsolete lockmaster houses and filled a fifth lockmaster position, while continuing to work on pay retention for those employees. Members asked about the transfer of the lock and dam properties from the U.S. Army Corps of Engineers, the permitting process through the Division of Water, and the timeline for reopening navigation. The authority said the Corps had transferred the properties to Kentucky, that permits for river work are handled through the Division of Water and the Army Corps, and that Locks 1 through 4 are open seasonally from Memorial Day weekend through the end of October. Officials said Lock 5 would add 14 miles of navigation if reopened, but that it would still take a few more years before that project is complete.

Transcript Highlights:

• :00:30.720> I<01:00:30.960> think<01:00:31.040> that<01:00:31.200> is<01:
• c><01:00:34.480> think<01:00:34.559> it's<01:00:34.799> been<01:00:34.960> a<
• 38.319> it<01:00:38.640> doesn't<01:00:39.200> it<01:00:39.280> it<01:00:
• <01:15:04.320> They<01:15:04.560> typically<01:15:04.960> are<01:15:05.199><
• <01:15:06.960> is<01:15:07.199> harvested<01:15:07.679> and<01:15:08.000>

Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:00:18 University of Kentucky Department of Agricultural Economics Presentation 00:02:18 Farm Credit Mid-America Presentation 01:12:41, 958, all

Transcript Highlights:

• <00:01:01.280> That's<00:01:01.840> very<00:01:02.719> Those<00:01:03.039>
• We're actually<00:01:22.960> going<00:01:23.040> to<00:01:23.200> start<00:01:23.520
• the Kentucky<00:01:24.720> Department<00:01:25.119> of<00:01:25.360> Education,<
• <00:15:31.279> what<00:15:31.760> is<00:15:31.839> called<00:15:32.079> type<
• > taxpayers<01:18:51.360> of<01:18:51.600> Kentucky.

Keywords: Meeting Start 00:00:00 Roll Call 00:00:15 Kentucky Department of Education 00:01:20 Kentucky Communications Network Authority 00:36:45 Accelecom 01:01:22 Auditor of Public Accounts 01:29:50, 958, all

Summary: The Information Technology Oversight Committee met to hear a presentation from Kentucky Department of Education officials David Couch and Mike Lingham on the history and current status of Kentucky’s K-12 internet network, including its relationship to KentuckyWired. They described the original KETS design from 1995, when KDE established district internet hubs and left local districts to connect to them, and said that model helped Kentucky become a national leader in school connectivity and cloud-based services. They also emphasized the importance of E-rate eligibility, saying it has saved the state substantial money and remains central to KDE’s network contracting. Couch and Lingham said the current “next generation Kentucky K-12 internet” contract with Education Networks of America is more reliable, offers more functionality, and costs less than the prior system, including lower bandwidth and firewall costs. They explained that the transition was complicated by build-out and provisioning issues, especially the need for more “type two” connections through local providers, which pushed some implementation past the June 30, 2024 E-rate deadline. As a result, 39 sites remain on type two connections, and KDE absorbed the loss of federal discount dollars for the portion of the transition that extended into July. The witnesses also discussed home internet access for students. They said KDE has tracked home access for about 20 years and estimates about 4.5% of students still lack adequate internet at home, with roughly 3% able to reach access nearby and 1.5% having no access. They said the biggest barrier is usually cost rather than lack of available lines, and noted that temporary hotspot support during COVID helped students continue schoolwork. Senator Williams asked about the costs of the transition, the current type two sites, and the potential cost of any future transition, but the transcript cuts off before a full answer was given.

Transcript Highlights:

• Since<00:01:57.280> 1884,<00:01:58.159> the<00:01:58.399> Kentucky<00:01:58.799>
• Kentucky Humane Society, or<00:01:59.920> KHS,<00:02:00.640> has<00:02:00.880> been
• >> We<00:18:08.240> also<00:18:08.720> um<00:18:08.799> just<00:18:09.200>
• the<00:18:19.039> rural<00:18:19.360> Kentucky<00:18:19.679> shelters.
• <00:18:20.080> So, lot of the rural Kentucky shelters.

Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:00:20 Kentucky Humane Society 00:01:20, 958, all

Summary: The committee heard a presentation from Alyssa Gray, president and CEO of the Kentucky Humane Society, on the organization’s statewide animal welfare work and its request for a $5 million matching contribution from the General Assembly for a new Kentucky Animal and Community Campus in Louisville. Gray said KHS, an independent nonprofit founded in 1884, serves cats, dogs, and horses, reaches 96 counties, provides shelter relief, spay-neuter services, low-cost veterinary care, and disaster response, and has supported communities during recent tornadoes and floods. She described the new campus as a hub for disaster housing, shelter transfers, veterinary training, and expanded services to reduce overpopulation and relieve pressure on county shelters and local governments. Members asked about the campus’s location, staffing, veterinary student involvement, and the scope of KHS’s services. Gray said the new site would be next to KHS’s current spay-neuter clinic on Preston Highway, that the facility would include shelter medicine, high-volume spay-neuter, and a low-cost clinic, and that it could host veterinary students and interns for hands-on training. She also explained that KHS works with county officials and shelters to move animals during crises or cruelty cases, can connect counties with partner organizations when KHS is full, and provides mobile clinic services and occasional grant support for rural shelters. Committee members praised the presentation and discussed how KHS could fit into disaster recovery planning. One member suggested the organization could be folded into long-term recovery efforts because of its role in post-disaster animal care. The presenter said KHS wants to be a formal disaster response resource and already works with the Kentucky Veterinary Medical Association and other partners. No vote on the funding request was taken during the meeting. At the end of the meeting, the committee noted it still lacked a quorum, so approval of the minutes was postponed to the next meeting, tentatively scheduled for October 15. The meeting then adjourned.

Transcript Highlights:

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• So if you ever held a phone where<00:15:02.320> it<00:15:02.480> starts<00:15:02.720>
• > heating<00:15:03.199> and<00:15:03.519> gets<00:15:03.760> very where it starts
• > a<00:15:04.480> battery<00:15:04.720> that<00:15:04.959> starts<00:15:05.199
• of other states I can pull<00:18:13.919> and<00:18:14.160> start<00:18:14.400> sharing

Keywords: Meeting Start 00:00 Attendance Roll Call 01:15 Member Comments 01:43 SB 29 Discussion 05:18 SB 29 Roll Call Vote 09:44 SB 49 Discussion 11:29 SB 49 Roll Call Vote 22:29, 958, all

Summary: The Kentucky Senate Natural Resources Committee held its first meeting of 2026, opened with prayer, the Pledge of Allegiance, roll call, and several housekeeping reminders from the chair. The chair emphasized a 24-hour filing rule for amendments and other items, asked members to use “present” during roll call, and reminded members to route questions through the chair rather than cross-examining witnesses. The committee also welcomed a student guest, Madison Dus, and several interns, and noted that Senator Neal was attending the committee for the first time. The committee then heard Senate Bill 29 from Senator Greg Elkins, which would prohibit solid waste management facilities from being charged an assessment or fee by the county or solid waste district where the waste was generated. Supporters described the bill as a response to counties attempting to impose “designation fees” on waste generated locally, and said the measure would close a loophole and prevent a growing practice. After discussion about similar practices in other states and the value of waste as a commodity, the committee voted favorably to pass SB 29. The committee next considered Senate Bill 49, also by Senator Elkins, which would create a voluntary statewide program to increase awareness, education, and recycling of lithium and other rechargeable batteries. Testimony focused on the fire and explosion risks batteries pose in collection vehicles and landfills, the value of rare earth metals in batteries, and the need to keep them out of the waste stream. Members asked about whether larger batteries, such as those from electric vehicles or solar facilities, were covered under existing law; the sponsor said the bill was aimed at smaller consumer batteries and that larger batteries were likely already addressed under existing universal waste or hazardous waste rules. The committee also discussed how to promote the voluntary program through retailers, local governments, recyclers, and the Energy and Environment Cabinet. SB 49 was then approved favorably by committee vote.

Transcript Highlights:

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• <00:15:17.320> thank<00:15:17.480> you<00:15:17.600> Mr<00:15:17.800> chairman
• expression and<00:18:40.200> should<00:18:40.400> do<00:18:40.559> so<00:18:40.679
• > on<00:18:40.799> the<00:18:40.960> floor<00:18:41.960> thank<00:18:42.120
• c> other<00:18:45.880> uh<00:18:46.280> things<00:18:46.559> to<00:18:46.880

Keywords: Meeting Start: 00:25 Attendance Roll Call: 00:31 HJR 15 (Rep. Baker): 01:15 HB 462 (Sen. Nemes for Rep. Dietz): 09:01 HB 6 (Rep. Williams): 10:18 HB 73 (Rep. Johnson): 15:21 Adjournment: 18:48, 958, all

Summary: The Senate Standing Committee on State and Local Government first considered HJR 15, a resolution to return a Ten Commandments monument to the new state Capitol grounds. Representative Shane Baker described the monument’s history, its removal to storage in the 1980s, and a prior 2000 effort that was blocked by the courts. He argued recent Supreme Court decisions, including Van Orden and Kennedy, support a history-and-tradition approach and said the resolution would direct the Historic Properties Advisory Commission to retrieve and reinstall the monument in Monument Park. Senator Herron raised concerns about religious neutrality and whether other faiths would also be represented at the Capitol. Baker and Chair Petrie responded that the resolution was limited to restoring a specific historical monument and did not bar future proposals for other displays. Senator Armstrong voted no, saying the legal landscape remained uncertain and the state could face costly litigation. The committee approved HJR 15 on an 8-1 vote. The committee then took up House Bill 6, which would limit administrative agencies from issuing regulations with an economic impact of more than $500,000 over two years, with exceptions for imminent public health or safety threats, protection of federal or state funds, and compliance with certain court orders. Representative Wade Williams said the bill would rein in costly agency rulemaking and cited LRC data showing only about a dozen regulations in 2024 would have met the threshold, with roughly six after closer review. Senator Chambers Armstrong expressed concern that the bill could tie the government’s hands in emergencies, but the bill passed 8-1. Finally, the committee considered House Bill 73, which had a committee substitute. Representatives Johnson and Tipton explained that one part would add We Lead CS to the list of educational service providers allowed to administer their own retirement program participation, and the other would require the Teachers’ Retirement System actuary to provide additional information on each employer’s share of unfunded liability. The committee approved HB 73 unanimously, 10-0, and then adjourned.

Transcript Highlights:

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• I'm the general counsel for<00:01:45.520> East<00:01:45.759> Kentucky<00:01:46.240>
• Cooperative located<00:01:47.520> in<00:01:47.759> Winchester,<00:01:48.320> Kentucky
• > Kentucky<00:15:35.680> law<00:15:36.000> doesn't >> Um, well, the the Kentucky
• law doesn't >> Um, well, the the Kentucky law doesn't have<00:15:36.399> a<00:15:36.639

Keywords: Meeting Start 00:00 Attendance Roll Call 00:02 HB 398 Discussion 01:01 HB 398 Roll Call Vote 16:09 Chair Comments 18:05, 958, all

Summary: The committee heard House Bill 398, sponsored by Rep. Wade Williams, with testimony from David Samford of East Kentucky Power Cooperative. The bill would amend KRS 278.264, the Senate Bill 4 statute, to clarify that it governs retirement of fossil fuel plants and not the recovery of associated decommissioning costs. Supporters said the measure would restore the Public Service Commission’s discretion to spread decommissioning costs over the life of a plant, consistent with traditional ratemaking, and avoid large rate spikes when plants are retired. Testimony focused on ratemaking principles such as cost causation and matching, with the witnesses arguing that customers should pay costs as they are incurred rather than face a large “sticker shock” charge at the end of a plant’s life. Members asked about possible double charges, environmental surcharges, fuel adjustment clauses, and what happens if a planned retirement is delayed or canceled. The witnesses said the bill is intended to prevent double exposure and that rates would be revisited in future base rate cases as assumptions change. During roll call, most members voted yes, while Rep. Fugate passed and explained concern about high electric bills and prior lump-sum charges in his area, and Rep. Watkins voted no, saying he needed more information on long-term affordability. The committee reported the bill out favorably, with the chair stating it should pass on the floor.

Transcript Highlights:

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• Wheeling<00:15:30.600> Power,<00:15:31.440> of Uh Kentucky Power and Wheeling Power
• , of Uh Kentucky Power and Wheeling Power, of which<00:15:31.720> Kentucky<00:15:32.120> Power
• <01:06:39.640> Roll<01:06:39.800> call,<01:06:40.000> please. the roll.
• But I I call for roll uh roll about it. But I I call for roll uh roll call,<01:07:49.440> please.

Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:01:28 Introduction of Guests 00:02:08 American Electric Power and Kentucky Power Presentation 00:03:31 SB 89 Discussion 00:53:55 SB 89 Roll Call Vote 01:07:46, 958, all

Summary: The committee met for an initial natural resources hearing with a quorum present and introductory housekeeping, including prayer, roll call, and recognition of guests. Chair Smith outlined ground rules for questions and then invited Kentucky Power and American Electric Power representatives to the table to discuss a proposed plan involving the Mitchell Power Plant and future generation needs in Eastern Kentucky. Witnesses Cindy Wiseman, Alex Vaughn, and AEP CEO Bill Fehrman said the company’s goals are to stabilize and lower rates, reduce rate volatility, and expand generation in the Commonwealth. They explained that Kentucky Power seeks legislative authority to securitize its 50% interest in the Mitchell coal plant, describing securitization as a refinancing mechanism that would lower annual plant costs by about $34 million and help offset roughly one-third of the expected cost of adding new generation in Kentucky. They emphasized that the proposal is not intended to close Mitchell, and said Kentucky Power currently has no plan to divest its interest; the company still needs the plant to serve customers while it pursues additional dispatchable generation in Kentucky. Members pressed the witnesses on the plant’s book value versus fair market value, whether the Mitchell interest had ever been assigned a nominal value, how any divestiture proceeds would be handled, whether Kentucky Power owns Wheeling Power, and how long Mitchell can continue operating. The company said it values Mitchell at net book value for accounting purposes, not fair market value, and explained that Wheeling Power is a separate AEP affiliate and that West Virginia affiliates have already proposed securitization of their share. Witnesses said Kentucky Power’s interest cannot technically operate past 2028 without additional environmental control investment, while the West Virginia side is depreciating through 2040. They also described the financing timeline, saying securitization would require enactment of legislation, a PSC financing order, bond issuance, and then parallel work to acquire or build new generation, with any reinvestment terms to be addressed through the regulatory process.

Transcript Highlights:

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• the norm across<00:15:43.320> Kentucky.
• <00:15:43.880> You<00:15:43.920> can<00:15:44.040> go<00:15:44.160> to
• ><00:15:44.320> any across Kentucky.
• because we do have a strong infrastructure<01:15:03.600> um<01:15:03.800> for<01:15:04.080

Keywords: Meeting Start: 00:00:00 Attendance Roll Call: 00:00:24 Approval of September 18, 2025 Minutes: 00:02:03 Discussion on the Condemnation of Agricultural Land: 00:03:12 Discussion on the Kentucky Urban Youth Agriculture Initiative: 00:50:00 Adjournment: 01:19:10, 958, all

Summary: The Joint Agriculture Committee met in October with a quorum present and approved the September minutes. The main presentation focused on condemnation of agricultural land and eminent domain, featuring testimony from Stephanie Barnett of a family-run livestock and farming business in Todd County, with support from Kentucky Farm Bureau. Barnett described a state road project that would take about 29 feet of frontage and affect entrances, fencing, a sign, drainage, a water well, and parking, saying the process involved poor communication, correspondence sent to the wrong address, and limited opportunity to negotiate changes such as a turning lane or relocated entrances. She said the business was not opposed to progress, but wanted the property restored and fairly compensated for the full impact on the operation, not just the land value. Committee members broadly agreed that eminent domain is sometimes necessary but should be handled with more transparency, communication, and fairness. Several members said the issue affects both rural and urban property owners and raised concerns about fair market value, compensation for agricultural infrastructure improvements, long-term impacts on farm operations, and the cost and delay of litigation. One member asked about the firm involved and suggested hearing from the people responsible for the correspondence problems; Barnett said she would share names after negotiations conclude. Another member noted that the maps had already been drawn before the landowner was brought in and said local meetings and clearer public input could reduce conflict. Chairman Dossett said he was interested in pursuing legislation for the upcoming session focused on property owner protection, fair treatment, and fair compensation, not just for agricultural land but for all Kentucky property owners. Members discussed possible ideas such as requiring better notice, more public transparency, and accounting for related costs like wells, fencing, drainage, and access changes. No votes or formal actions were taken beyond the approval of minutes and the discussion of potential future legislation.

Transcript Highlights:

• <00:01:08.799> Uh<00:01:09.119> at<00:01:09.360> this<00:01:09.520> time,
• can lead<00:01:15.439> us<00:01:15.520> in<00:01:15.680> the<00:01:15.840> pledge
• But more important<00:01:44.560> than<00:01:44.720> that,<00:01:44.960> we<00:01
• :15:31.199> has<00:15:31.440> to<00:15:31.519> work<00:15:31.760> 20<00:15
• c><00:15:42.959> 15<00:15:43.360> to<00:15:43.760> 19<00:15:44.079> years

Keywords: Meeting Start: 00:00:00 Attendance Roll Call: 00:00:17 Approval of Minutes: 00:02:09 Legislative Proposals: HB 213: 00:02:13 HB 516: 00:25:00 HB 589: 00:39:30 Kentucky Public Pension Authority: 00:44:52 Adjournment: 01:14:07, 958, all

Summary: The Public Pension Oversight Board met on February 13 and approved the minutes after establishing a quorum. The committee then took up three pension-related bills, beginning with Rep. Callaway’s proposal to allow certain retired police officers with 15 to 19 years of service to be rehired by local law enforcement agencies. Callaway and Brandon Lincoln of the FOP said the bill is intended to help recruitment and retention, especially for departments facing staffing shortages, and emphasized that it would be optional and would not allow double-dipping. Committee members raised concerns that lowering the service threshold from 20 to 15 years could create an unfunded liability and weaken the pension system, and several members said they did not yet fully understand how the pension and insurance provisions would work. The sponsor said she was open to working on the bill, and the chair noted the committee would continue to examine it with help from KPA staff. The second bill, presented by Rep. Lewis with Brandon Lincoln and Jeff Taylor, addressed probationary employees in CS agencies, including firefighters and police officers. The bill would let certain former probationary employees purchase service credit for time spent in probation, and would extend line-of-duty death and disability protections to employees who are injured or killed during probationary service. Testimony said the measure is optional for employers, could be used as a recruitment tool, and would allow employees within six months of the probationary period to buy back the time themselves if they choose. Members generally supported the concept, noted a negligible fiscal note, and discussed whether current employees could buy back older probationary periods; the sponsor said the bill did not appear to allow that, though he was open to further discussion. Throughout both bills, members focused on whether the proposals would create new pension costs or liabilities and how they would interact with existing retirement tiers and contribution rules. Several members asked for clarification on whether rehired workers would contribute to the pension system, whether employers would pay normal cost or any contribution at all, and whether the bills would affect future retirement benefits. The sponsors and witnesses repeatedly said the measures were limited, optional, and intended to address staffing and fairness issues without changing the core retirement system, but the committee did not take final action on the bills during the discussion.

Transcript Highlights:

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• either<00:15:08.079> the<00:15:08.320> Kentucky<00:15:08.560> Board<00:15:08.720
• a doctor or the<00:15:11.199> Kentucky<00:15:11.600> Board<00:15:11.839> of<00:
• Once<00:15:28.800> you<00:15:28.959> become<00:15:29.360> authorized,<00:15:30.560
• 00:08.000> our<01:00:08.400> Kentucky<01:00:09.040> farmers<01:00:09.599> who

Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:00:20 Approval of June 4, 2026 Minutes 00:03:09 Prioritizing Kentucky Agriculture: Medical Cannabis 00:03:38 Prioritizing Kentucky Agriculture: Bourbon 01:41:03, 958, all

Keywords: KY LRC YouTube, https://www.youtube.com/watch?v=N-Ln0ks-NS8, 2026-06-21T07:17:04+00:00, 2.2.24, Data collected via generic collector engine, Meeting Start: 00:00:00 Attendance Roll Call: 00:00:14 Judicial Form Retirement System Quarterly Update: 00:01:57 Kentucky Public Pensions Authority Quarterly Update: 00:13:54 Teacher’s Retirement System Quarterly Update: 00:44:40 Adjournment: 01:18:38, 958, all, 2.2.42, 2.1.47

Transcript Highlights:

• <00:01:32.640> Kentucky.
• <00:01:38.960> We<00:01:39.200> need<00:01:39.360> to<00:01:39.520> call<
• We need to call roll.<00:01:40.216> [laughter]<00:01:40.560> I'm<00:01:40.799> sorry
• [laughter] I'm sorry, Madam Secretary.<00:01:42.479> Let's<00:01:42.799> call<00:01:43.040
• They might<00:15:02.800> be<00:15:02.959> starting<00:15:03.199> to<00:15:03.360

Keywords: Meeting Start: 00:00:09 Attendance Roll Call: 00:01:42 Approval of Minutes: 00:03:23 Overview of Actuarial Audit Process: 00:03:47 Overview of Reemployment After Retirement Provisions: 00:25:26 Teachers’ Retirement System: 00:25:26 Kentucky Public Pensions Authority: 00:50:32 Adjournment: 01:02:55, 958, all

Summary: The meeting began with quorum, approval of the prior minutes, and an announcement that the June meeting had been canceled and replaced by this combined May/June meeting; the next official PPOB meeting was announced for July 21 at 2:30. Staff then gave an overview of the Public Pension Oversight Board’s required actuarial audit process, explaining that House Bill 238 requires a review every five years of the retirement systems’ actuarial assumptions and methods, funded by the systems themselves. The presentation distinguished this audit from a financial or forensic audit, described the three possible audit levels (full replication, limited/spot review, or basic review), and noted that the last audit in 2021 was a level one performed by Milleman Consulting at a cost of about $190,000. Members discussed timing for the next audit cycle, with a request to LRC likely needed in July or August to target the June 30, 2026 valuation, and several members expressed interest in another level one review. Questions also addressed whether prior audits found major issues; staff said the 2021 review was generally clean but recommended more consistency in reporting and assumptions across systems. The committee then welcomed new staff and interns, including Odet Guanzi of KPPPA and Team Kentucky intern Amamira Bowman. Bo Barnes of the Teachers Retirement System presented an overview of the statutory framework for reemployment after retirement under KRS 161.605. He explained that the law is intended to let retirees return to help with staffing needs, do so in an actuarially sound way through required contributions, and keep TRS compliant with federal tax rules for a qualified plan under section 401(a). Barnes described the required breaks in service and earnings limits for retirees returning part-time or full-time, including the three-month or 12-month break depending on the employer, the 6,900-day limit, and the daily wage threshold based on years of service. He also noted a lightly used critical shortage program that allows school districts to hire retirees without a wage cap, while still observing the break-in-service rules. Members asked questions about who decides the scope and level of the actuarial audit, how the audit would treat leave balances and other benefit-related items, and whether the prior level one audit identified substantial problems. Staff said the committee would request the audit, but LRC would handle contracting, and that the audit scope could include items like sick leave and annual leave costs if requested. On the reemployment topic, Barnes emphasized that the rules are designed to avoid pre-arranged retire-and-return arrangements that could jeopardize TRS’s tax-qualified status. No formal votes were taken beyond approving the minutes, and the meeting concluded with the presentations and discussion of these pension oversight issues.

Transcript Highlights:

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Keywords: Meeting Start: 00:00:01 Attendance Roll Call: 00:01:26 Approval of Minutes: 00:02:27 Investment, Cash Flow, and Legislative Update: Bo Cracraft – Judicial Form Retirement System: 00:03:12 Ryan Barrow – Kentucky Public Pensions Authority: 00:21:52 Beau Barnes – Teachers’ Retirement System: 00:34:31 Adjournment: 01:07:25, 958, all

Summary: The meeting opened with the Pledge of Allegiance and prayer, followed by a roll call confirming a quorum and approval of the prior minutes. A special guest, Dave Eager, was welcomed before the committee moved to presentations from retirement system officials. Bo Craycraft, executive director of the Judicial Form Retirement System, gave a quarterly update on investment performance, asset allocation, and cash flow. He said the plans had held up well amid market volatility, with fiscal year-to-date returns above benchmark and long-term returns remaining strong. He explained that the plans are targeted to a 70% equity/30% fixed-income allocation, that some cash is being held for cash-flow management, and that negative cash flow is expected because of funding and contribution levels. He also said Senate Bill 183, dealing with proxy voting and economic analysis for certain votes, was not expected to materially affect the plans because of their small number of holdings and Bear Trust’s long-term investment approach. Ryan Barrow and Erin Surrod then presented for the Kentucky Pension Authority. They reported positive quarterly performance across the retirement and insurance funds, though results varied by period and remained tied to broader market conditions. They said recent asset-allocation changes had been completed and the funds were now within target ranges. On cash flow, they noted some plans remained negative or near zero, with one plan benefiting from a large appropriation. In the legislative update, they described House Bill 30 as codifying an exclusion from pension-spiking calculations for across-the-board raises, and Senate Bill 10 as increasing retiree health insurance subsidies and changing employee health insurance contribution rules for certain CERS members beginning in 2026. They also said Senate Bill 183 would likely have limited impact, though the agency would review voting policies and incorporate any required economic-analysis procedures.

Keywords: KY LRC YouTube, https://www.youtube.com/watch?v=VSfsKhUHFSI, 2026-06-21T07:17:04+00:00, 2.2.24, Data collected via generic collector engine, Meeting Start – 00:00:00 Attendance Roll Call – 00:00:16 Approval of the Minutes – 00:00:43 Introduction of special guests – 00:00:58 Kentucky Council on Postsecondary Education – 00:01:57 Kentucky Lottery Corporation – 00:52:50 Kentucky Higher Education Assistance Authority – 01:20:42, 958, all, 2.2.42, 2.1.47

Transcript Highlights:

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Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:00:01 Approval of Minutes 00:01:40 2026-2032 Statewide Capital Improvements Plan 00:02:15, 958, all

Summary: The meeting opened with a quorum, prayer, and the Pledge of Allegiance, followed by approval of the prior meeting minutes. The board then reviewed the 2026–2032 statewide capital improvement plan, including project recommendations across maintenance, renovation, IT, and new construction categories. Staff explained that 15 projects were selected in each category and described how the board’s tiebreaker process was used to finalize the recommendations. Members asked about the asset preservation pool, specifically whether institutions receive a blanket appropriation or must identify projects. Staff explained that the Council on Postsecondary Education serves as the gatekeeper after appropriation, reviewing institution-submitted uses to ensure they meet criteria for maintaining and improving existing facilities rather than new construction. Staff also outlined revisions to the draft plan, including updated summary data, revised wording for clarity, an updated maintenance pool policy recommendation based on Pew research, and a change to cross-reference major state-funded construction project status information rather than listing it directly. During discussion, one member praised the work on the plan and commented on the budget reserve trust fund, noting disagreement with Pew’s suggestion that the process should be in statute because Kentucky has long used the budget bill to govern deposits and uses. The board then moved to final action and unanimously adopted the draft 2026–2032 statewide capital improvement plan, with authority for staff to make final technical and editorial revisions and insert the comprehensive project list before publication. The chair thanked members for their work, noting it was the final meeting of the year, and the meeting adjourned.

Transcript Highlights:

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• under<00:01:48.240> these<00:01:48.560> programs<00:01:49.439> is<00:01:49.680>
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Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:00:07 Chair Comments 00:00:36 Approval of Minutes 00:04:01 Volunteers of America 00:04:21 Soil and Water Conservation/Energy and Environment Cabinet 00:14:52 Kentucky Office of Drug Control Policy/Justice & Public Safety Cabinet 00:21:05 Kentucky Department of Agriculture 00:26:01 Early Childhood Advisory Council 00:45:18, 958, all

Summary: The Tobacco Settlement Agreement Fund Oversight Committee met to review how tobacco settlement dollars are being used and to press recipients for detailed information on total funding, administrative versus program spending, and measurable outcomes. The chair emphasized that the committee was not there for general program overviews, but to assess return on investment and whether each program should continue to receive tobacco settlement support. The committee approved the minutes from its December 22, 2025 meeting and then heard presentations from several agencies and organizations. Volunteers of America Mid-States described its southeastern Kentucky restorative justice program, which uses an evidence-based New Zealand model for juvenile cases in nine counties. The group reported tobacco settlement funding of $516,000 in FY24 and $233,500 in FY25, representing about 17% and then about 5% of the program budget, respectively. It said the funding helped expand the program from 13 cases in 2021 to 180 youth served, and cited an independent evaluation showing recidivism of 24.5% compared with 40.4% in AOC data, along with a cost of a little under $20 per day versus detention and other placements. Some members questioned whether the program fit the tobacco settlement funding categories and suggested it might be better supported through other justice-related funding sources. The Energy and Environment Cabinet’s Division of Conservation explained that tobacco funds support $1 million in direct aid to conservation districts and $2 million in cost-share projects for farmers, with 5% of the cost-share appropriation allowed for administration, or about $100,000 in FY26. Officials said the direct-aid line was moved into tobacco funding in 2019, reducing money available for farmer cost-share, and described a multi-year project approval and reallocation process. Senator Webb asked for a more specific breakdown of the $850,000 direct-aid amount, and the cabinet said it would provide that information. The Kentucky Office of Drug Control Policy reported that in FY24 it expended just under $30 million across tobacco funds, general funds, restricted funds, and a one-time federal grant, with less than 2% used for administration. Officials said most tobacco settlement money goes to Kentucky ASAP local boards in all 120 counties, supporting prevention, treatment, and some law enforcement work. The Department of Agriculture then began its presentation, describing strategic investments, loan programs, county funding, administrative costs, and a reported return of about $2.30 for every dollar spent, but the transcript cuts off before that presentation was completed.

Transcript Highlights:

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• <00:15:42.639> an<00:15:42.959> increase<00:15:43.199> in Are we starting to
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Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:00:50 Approval of Minutes 00:01:21 KOAP Report 00:01:42 Community Farm Alliance and KY Double Dollars 00:20:25 Feeding Kentucky 00:40:55, 958, all

Summary: The Tobacco Settlement Oversight Committee received a monthly report from the Kentucky Office of Agricultural Policy and the A Development Board/Finance Corporation. Staff reviewed May activity, including county council visits, loan and grant approvals, farm safety funding, and support for beginning farmers, agricultural infrastructure, processing, and county/state projects. The committee also recognized an intern and thanked Tara Roberts for her service as she prepares to leave the agency. Members were reminded about a June 20 anniversary event marking 25 years of the office and related programs. A major topic was K-CARD, the Kentucky Center for Agricultural and Rural Development. Staff explained that the program is being expanded to provide more technical assistance for beginning farmers and farm families, including help with business plans and estate planning/farm transition discussions. Members asked how farmers would access the service and were told the extension office would be the front-line contact, with K-CARD providing the technical assistance and neutral-site consultations. The committee also discussed support for large food animal veterinarians. Staff said the incentive program has helped more than 33 veterinarians and is intended to support existing providers rather than quickly increase numbers; members raised concerns about the pipeline and selection process at Auburn University, and staff said discussions with the university were ongoing. The committee then heard from Community Farm Alliance on Kentucky Double Dollars, Fresh Rx for Moms, and farmers market support programs. CFA reported expansion to roadside stands, more retail onboarding, seven new counties, and estimated economic and farmgate impacts, emphasizing that state funding helps leverage federal and private dollars and stabilize local food access programs. No formal votes or legislative actions were taken beyond approving the May minutes.

Keywords: KY LRC YouTube, https://www.youtube.com/watch?v=gUBBp1IDCT0, 2026-06-21T07:17:04+00:00, 2.2.24, Data collected via generic collector engine, 00:27 Start 00:43 Attendance Roll Call 01:36 Kentucky Infrastructure Authority 12:53 State Board of Elections, 958, all, 2.2.42, 2.1.47