May 5, 2026Board meeting
Senate Finance Committee Meeting
The committee discussed House Bill 1491, focusing on establishing a regulatory framework for political subdivision risk pools, including governance, transparency, and solvency requirements. Concerns were raised regarding financial backstops, transparency provisions, and the confidentiality of sensitive financial information. Additionally, the committee reviewed House Bill 661 and a proposed amendment, noting potential costs for IT system upgrades and complexities regarding funding mechanisms and phased approaches for managing child benefits and assets.