Legislature(2025 - 2026)SENATE FINANCE 532

04/30/2026 01:30 PM Senate FINANCE

Note: the audio and video recordings are distinct records and are obtained from different sources. As such there may be key differences between the two. The audio recordings are captured by our records offices as the official record of the meeting and will have more accurate timestamps. Use the icons to switch between them.

Download Mp3. <- Right click and save file as

* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
-- Please Note Time Change --
*+ SB 221 RESTRICTING STATE FUND FIDUCIARY TELECONFERENCED
-- Invited & Public Testimony --
<Above Item Removed from Agenda>
Bills Previously Heard/Scheduled:
+= HB 263 APPROP: OPERATING BUDGET;FUNDS;SUPP TELECONFERENCED
Moved SCS CSHB 263(FIN) Out of Committee
+= HB 265 APPROP: MENTAL HEALTH BUDGET TELECONFERENCED
Moved SCS CSHB 265(FIN) Out of Committee
**Streamed live on AKL.tv**
                 SENATE FINANCE COMMITTEE                                                                                       
                      April 30, 2026                                                                                            
                         1:51 p.m.                                                                                              
                                                                                                                                
1:51:30 PM                                                                                                                    
                                                                                                                                
CALL TO ORDER                                                                                                                 
                                                                                                                                
Co-Chair Hoffman called the Senate Finance Committee                                                                            
meeting to order at 1:51 p.m.                                                                                                   
                                                                                                                                
MEMBERS PRESENT                                                                                                               
                                                                                                                                
Senator Lyman Hoffman, Co-Chair                                                                                                 
Senator Donny Olson, Co-Chair                                                                                                   
Senator Bert Stedman, Co-Chair                                                                                                  
Senator Mike Cronk                                                                                                              
Senator James Kaufman                                                                                                           
Senator Jesse Kiehl                                                                                                             
Senator Kelly Merrick                                                                                                           
                                                                                                                                
MEMBERS ABSENT                                                                                                                
                                                                                                                                
None                                                                                                                            
                                                                                                                                
ALSO PRESENT                                                                                                                  
                                                                                                                                
Pete Ecklund, Staff, Senator Lyman Hoffman.                                                                                     
                                                                                                                                
SUMMARY                                                                                                                       
                                                                                                                                
CSHB 263(FIN) am                                                                                                                
          APPROP: OPERATING BUDGET;FUNDS;SUPP                                                                                   
                                                                                                                                
          SCS CSHB 263(FIN) was REPORTED out of committee                                                                       
          with four "do pass" recommendations and two "no                                                                       
          recommendation" recommendations.                                                                                      
                                                                                                                                
CSHB 265(FIN) am                                                                                                                
          APPROP: MENTAL HEALTH BUDGET                                                                                          
                                                                                                                                
          SCS CSHB 265(FIN) was REPORTED out of committee                                                                       
          with five "do pass" recommendations and two "no                                                                       
          recommendation" recommendations.                                                                                      
                                                                                                                                
Co-Chair Hoffman discussed the agenda.                                                                                          
                                                                                                                                
CS FOR HOUSE BILL NO. 263(FIN) am                                                                                             
     "An  Act making  appropriations for  the operating  and                                                                    
     loan  program  expenses  of state  government  and  for                                                                    
     certain    programs;    capitalizing   funds;    making                                                                    
     supplemental  appropriations;  and   providing  for  an                                                                    
     effective date."                                                                                                           
                                                                                                                                
1:52:03 PM                                                                                                                    
                                                                                                                                
Senator  Kiehl MOVED  to  report SCS  CSHB  263(FIN) out  of                                                                    
Committee  with  individual  recommendations  and  with  the                                                                    
authority for the Legislative  Legal and Legislative Finance                                                                    
Divisions to  make technical  and conforming  changes. There                                                                    
being NO OBJECTION, it was so ordered.                                                                                          
                                                                                                                                
SCS CSHB  263(FIN) was REPORTED  out of committee  with four                                                                    
"do  pass"  recommendations   and  two  "no  recommendation"                                                                    
recommendations.                                                                                                                
                                                                                                                                
CS FOR HOUSE BILL NO. 265(FIN) am                                                                                             
                                                                                                                                
     "An  Act making  appropriations for  the operating  and                                                                    
     capital    expenses   of    the   state's    integrated                                                                    
     comprehensive mental health  program; and providing for                                                                    
     an effective date."                                                                                                        
                                                                                                                                
1:52:38 PM                                                                                                                    
                                                                                                                                
Senator Kiehl  MOVED to ADOPT proposed  committee substitute                                                                    
for  SCS  CSHB  265(FIN),   Work  Draft  34-GH2502\L  (Marx,                                                                    
4/29/26).                                                                                                                       
                                                                                                                                
Co-Chair Hoffman OBJECTED for discussion.                                                                                       
                                                                                                                                
1:53:15 PM                                                                                                                    
                                                                                                                                
PETE ECKLUND,  STAFF, SENATOR LYMAN HOFFMAN,  explained that                                                                    
the  only change  in the  proposed Committee  Substitute was                                                                    
the incorporation of the amendment  adopted by the committee                                                                    
the previous  day. The  change would  add $5,150,000  to the                                                                    
mental  health capital  budget for  the Homeless  Assistance                                                                    
Program.                                                                                                                        
                                                                                                                                
Co-Chair  Hoffman WITHDREW  his  objection.  There being  NO                                                                    
further OBJECTION, it was so ordered.                                                                                           
                                                                                                                                
Co-Chair Stedman  MOVED to report  SCS CSHB 265(FIN)  out of                                                                    
Committee  with  individual  recommendations, and  with  the                                                                    
authority for the Legislative  Legal and Legislative Finance                                                                    
Divisions to make technical and conforming changes. There                                                                       
being NO OBJECTION, it was so ordered.                                                                                          
                                                                                                                                
SCS CSHB 265(FIN) was REPORTED out of committee with five                                                                       
"do pass" recommendations and two "no recommendation"                                                                           
recommendations.                                                                                                                
                                                                                                                                
Co-Chair Hoffman discussed the agenda for the following                                                                         
meeting.                                                                                                                        
                                                                                                                                
ADJOURNMENT                                                                                                                   
1:54:47 PM                                                                                                                    
                                                                                                                                
The meeting was adjourned at 1:54 p.m.                                                                                          

Document Name Date/Time Subjects
SB 221 CBRF Audit Finding ver A.pdf SFIN 4/30/2026 1:30:00 PM
SB 221
SB 221 DOA SRB 042426.pdf SFIN 4/30/2026 1:30:00 PM
SB 221
SB 221 DOR APFC 042426.pdf SFIN 4/30/2026 1:30:00 PM
SB 221
SB 221 DOR ltr to Finance Co-Chairs Notification of Transfer 1.6.26 ver A.pdf SFIN 4/30/2026 1:30:00 PM
SB 221
SB 221 DOR TRS 042426.pdf SFIN 4/30/2026 1:30:00 PM
SB 221
SB 221 Sectional Analysis ver A.pdf SFIN 4/30/2026 1:30:00 PM
SB 221
SB 221 Sponsor Statement ver A.pdf SFIN 4/30/2026 1:30:00 PM
SB 221
SB 221 Support Document - DOR Finding 21 FY 25 Single Audit.pdf SFIN 4/30/2026 1:30:00 PM
SB 221
SB 221 WilmerHale Independent Review Findings and Recommendations ver A.pdf SFIN 4/30/2026 1:30:00 PM
SB 221
HB 265 version L.pdf SFIN 4/30/2026 1:30:00 PM
HB 265