SFIN-260508-0900

[FOREIGN LANGUAGE] Call Senate Finance Committee to order. Today is May 8th. We're in the State Capitol Senate Finance Room. Joining me today are Chairman Steadman, Senator Keele, Senator Merrick, Senator Senator Krogg and myself. Senator Hoffman, Senator Olson is away on a graduation ceremony for his son in Edgecombe.

We have two items on today's agenda. First being Senate Bill 162, Species as Legal Tender, and HB 110, Add Faculty Member to the University of Border Regions We'll bring up Senate Bill 162. The first bill was heard on— the bill was first heard on May 4th. We took public testimony, reviewed the fiscal notes at that time.

Do we have any closing comments from Senator Cronk? No, Senator. Will of the committee, Senator Steadman. Thank you, Mr. Chairman. I move Senate Bill 162, version N, from committee with attached fiscal notes and individual recommendations.

Is there objection to that motion? Seeing no objection, that bill is moved to the next committee of referral, which would be the Rules Committee. That's the second item on today's agenda. House Bill 10, add faculty member to the Board of Member to the University Board of Regents, this bill was first heard on April 22nd. We took public testimony and reviewed the fiscal notes at that time.

We have a CS for introduction. Senator Stegman. Thank you, Mr. Chairman. I move that the Finance Committee adopt the committee substitute for House Bill 10, version I, before the committee as our working document. Thank you.

Is there Any objection to adopting the CS? We'll invite Liz Harpo to the table to explain the CS.

Thank you. Good morning. For the record, Liz Harpo, staff to Senator Olson and the Senate Finance Committee. Very simple change made in the CS. We're updating the dates.

Previously they were February 1, 2026. Which we are of course beyond that date now. So it's now February 1st, 2027, and then the sunset of this will now occur 6 years later, February 1st, 2033. Thank you. Is there objection to the CS?

Seeing no objection, that CS is adopted. Will the committee— Senator Steadman. Thank you, Mr. Chairman. I move Senate Finance Committee substitute for House Bill 10, version I, from Committee with attached fiscal note and individual recommendations. Is there objection?

Seeing none, that bill passes from committee and moves on to the next committee referral, which will be the Rules Committee. That concludes our work this morning. Our next meeting is scheduled for Monday at 9:00 a.m. We are adjourned.