Megan Egbert — Representative Megan Egbert moved to accept the minutes from February 19th and February 25th, and was then referenced again as the committee continued rearranging the agenda and moving past her item.
James Holtzclaw — During this segment, Chairman Holtzclaw is addressed as the committee chair while the agenda is being handled, and Representative Hill discusses his bill and proposed amendment. Hill explains that the amendment was requested by PERSI, asks to move the bill to general orders with that amendment, and clarifies that the bill is tied to Title 15 of the Code of Federal Regulations so the language will track any regulatory updates. He also responds to questions by noting that current investments would not be changed, that PERSI and the treasurer reported less than 2% exposure, and that the bill is intended to send a strategic message by aligning Idaho with other states taking similar action.
David Leavitt — Presented Senate Bill 1275 as another code cleanup bill.
David Leavitt — Called up next after the vote on Senate Bill 1275.
David Leavitt — Presented Senate Bill 1276 and explained the retirement-related sunset provision change.
David Leavitt — Answered a question about whether the bill would affect IRS treatment of retirees returning to work.
David Leavitt — Moved to send Senate Bill 1276 to the floor with a due pass recommendation.
Lori McCann — Representative Lori McCann moved to send Senate Bill 1274 and Senate Bill 1275 to the House floor with due pass recommendations.
Lori McCann — Representative McCann first indicated she was preparing to make a motion but paused for another member’s question, then briefly commented that a prior 2024 bill had already required divestment and that universities had complied. She then moved to send House Bill 763 to general orders, and the final mention refers back to that motion as the discussion continued.
Mike Hampton — Director of PERSI who testified that the bill does not disqualify retirees under IRS regulations.
Anne Haws — Raised a question about section three on page one after the motion was made.
James Ruchti — Asked how the bill would apply when the referenced list changes.
James Ruchti — Explained that the law should reference the most recent version of the list and said a new bill would not be necessary.
James Ruchti — Agreed that the suggestion was reasonable and said the bill could be amended to include the update.
James Ruchti — Noted as carrying another bill that will be heard next Tuesday.
David Leavitt — Was called up to present Senate Bill 1273.
David Leavitt — Presented Senate Bill 1273 as a code cleanup bill.
David Leavitt — Moved to send Senate Bill 1273 to the floor with a due pass recommendation.
David Leavitt — Presented Senate Bill 1274 as another code cleanup bill.
David Leavitt — Was called again after Senate Bill 1274 passed.