02:43 - Gavel, and discussion of HF2 (Loon) Teacher licensure and employment conditions clarified; alternative teacher licensure amended; teacher licensure reciprocity with adjoining states provided; license via portfolio, exemption for technical education instructors, teachers' unrequested leaves of absence and teaching assignments decisions, and teacher examination requirements clarified; and placing students with ineffective teachers prohibited. 1:38:21 - Presentation of the February 2015 Budget and Economic Forecast by Minnesota Management & Budget. The committee recessed. Runs 2 hour, 30 minutes.