Transcript Highlights:

• thought out for development. thought out for development.
• Um, Stanford Car Development in support. Um, Stanford Car Development in support.
• And and these bonds are these bonds.
• defunded by 25% by bonds. defunded by 25% by bonds.
• bonds and moving forward?

Keywords: 912, senate, all

Summary: The committees heard testimony on five housing-related measures. SB 2232 would create a three-year tiny home grant pilot program within HHFDC, with annual reporting to HHFDC and the Legislature; testimony was mixed, and the bill was later recommended for passage with amendments, including a full-time housing development specialist, a residential-use-only restriction for the tiny homes, and a blanked appropriation. SB 2192 would bar county down-zoning that reduces housing capacity unless equivalent capacity is added elsewhere in the county; it drew support from housing advocates and comments from planning officials, and was also recommended for passage with amendments. SB 2378 would clarify insurance requirements for single- and multifamily projects seeking expedited county permitting; engineers and housing groups supported it, while one testifier opposed it, and it was recommended for passage with a technical amendment. SB 2524 would appropriate funds to the City and County of Honolulu for housing-related departments to comply with prior acts; the Honolulu department supported it, and members asked about prior spending and funding sources. SB 2398 would require residential housing utility availability maps; the Honolulu Board of Water Supply opposed the bill as written, citing infrastructure security, accuracy, liability, and administrative burden concerns, while supporters said it would improve transparency for developers. The chair proposed amendments to make the maps broad and geographic rather than parcel-specific, remove contested-case and reliance provisions, allow disclaimer language, and change the date; the bill was then recommended for passage with amendments, with one member noting reservations. All five measures were ultimately passed out of committee with amendments, with votes recorded and some members excused.

Transcript Highlights:

• The Economic Development Rellos. The Economic Development Rellos.
• What is the current what is our current bond rating? current bond rating? current bond rating?
• that have on that bond rate and we go back to the bond market for and we go back to the bond market
• bit about bonds. when you when you go to a bond market, it you when you go to a bond market, it you
• development from middle school to that development from middle school to that development from middle

Bills: HJR 4, HJR 6, HB 195, HB 13, HB 143, HB 135

Keywords: occupation tax, securities, financial regulation, tax exemption, legislative amendment, capital gains tax, realized gains, unrealized gains, investment income, asset sale, capital assets, wealth tax, estate tax, trust tax, tax limitation, constitutional amendment, Texas Constitution, Article VIII, property tax, sales tax

Transcript Highlights:

• siting that maybe we put up some bonds siting that maybe we put up some bonds so<00:09:02.880>
• This is the Economic Development This is the Economic Development Committee.<00:31:53.120> Yes
• I mean, it's economic development.
• I know you Development Association.
• out in all 23 counties doing economic development as economic developers.

Keywords: 916, all

Summary: The joint Minerals Committee met to select interim topics and announced its meeting dates for April 27-28 in Casper, June 4-5 in Casper, and August 27-28 in Cheyenne. Members heard public testimony on several economic development and minerals-related topics and were asked to identify their top priorities for later ranking and consensus. No formal votes were taken during this portion of the meeting. A major topic was removing obstacles to energy development in Wyoming, including possible regulatory, bonding, and permitting barriers. Testimony from the Mining Association and Energy Capital Economic Development supported revisiting barriers to development, similar to the earlier Regulatory Reduction Task Force. Another related topic was industrial siting exemptions on coal mine property, with testimony arguing that mineral-related projects such as rare earths, uranium conversion, and ferroalloys should not have to go through the full industrial siting process when communities have already dealt with similar development. Members also discussed industrial siting bonding requirements, including whether bonding or advance payments should be used to cover impacts on local services and emergency response, especially for projects like solar farms or battery storage. The committee also discussed coal bed methane industrial sovereign zones, tied to House Bill 120, with testimony seeking to include coal bed methane in value-added manufacturing zones. The sponsor said the goal was to create industrial zones that support economic development while protecting scenic values and limiting industrial sprawl. Another topic was sourcing curling stones in Wyoming, which was presented as a lighthearted but potentially useful way to promote Wyoming stone and broader dimension-stone quarrying; a state geologist testified that Wyoming has granite with similar mineralogy to stone used for curling stones elsewhere. Child care as an economic driver was withdrawn. The committee also heard support for a Business Council restructure review, though several members said the Minerals Committee should do the substantive review because the Business Council falls within its jurisdiction, while still coordinating with Appropriations. Finally, the committee heard a proposal for a domestic preference in residential general service contracts, extending Wyoming preference concepts beyond construction into goods and services, with testimony emphasizing local economic multipliers and possible exceptions for federal funding or other procurement limits.

Transcript Highlights:

• in lieu of Proposes a surety bond in lieu of STRF.
• So if that's the case, insurance method, a surety bond...
• With respect to the surety bond piece, I know other states do often rely on a surety bond type of concept
• bond in lieu of STRF.
• A surety bond would be the insurance premium, and the bond premium would be paid by the institution.

Summary: The joint Sunset Review Oversight Hearing focused on the Bureau for Private Postsecondary Education (BPPE) and its reauthorization, operations, enforcement, fiscal condition, and student protections. Committee leaders and DCA officials praised the Bureau’s recent improvements in data systems, licensing, inspections, and enforcement, while noting the Bureau’s role has become more important as federal higher education oversight weakens. Bureau Chief Deborah Cochran said the agency has met its inspection mandate for the first time since the law was enacted, increased citations and disciplinary actions, reduced pending complaints, and used data tools to identify risk and monitor institutions more effectively. A major portion of the hearing centered on student harm, especially school closures, transcript access, predatory recruiting, and the Student Tuition Recovery Fund (STRF). Members asked how the Bureau protects students when schools close, whether bad actors can reopen under new entities, and whether enforcement tools are strong enough. Cochran said the Bureau can cite, fine, place schools on probation, revoke licenses, and order refunds, but it is seeking new authority to deny approval to operators who previously closed schools improperly or failed to refund students. She also said the Bureau is tracking ownership data and is concerned about institutions targeting immigrant and visa students. On STRF, Cochran explained that the fund is currently healthy, assessments are at zero because the balance is above the statutory target, and the Bureau paid about 1,100 claims totaling roughly $17 million over the last four years. Several members questioned the fairness of the assessment structure and discussed alternatives such as surety bonds, but the Bureau said STRF is working well and no change is needed at this time. Fee increases and the Bureau’s structural deficit were another major topic. Cochran said the Bureau reduced costs by eliminating positions, streamlining inspections, improving data analysis, and shifting some student-relief costs to STRF, but that legislative action is still needed to address the deficit. She said the proposed fees were based on workload analyses and that application fees generally match service costs, while annual fees are designed to cover most of the Bureau’s revenue needs. Some members and stakeholders criticized the proposed increases as too high, especially for out-of-state registration and campus fees, while others argued the Bureau needs sufficient resources to regulate effectively. Public commenters from private schools, Northeastern University, San Joaquin Valley College/Carrington College, and TICAS generally supported the Bureau’s mission and reauthorization, but urged changes such as risk-based oversight, better transcript protections, stronger limits on repeated provisional approvals, and more targeted fee and STRF reforms. No votes were taken, and the hearing ended with no formal action beyond discussion and receipt of testimony.

Transcript Highlights:

• for all of our outstanding bonds.
• The biggest thing for finance and me biggest concern overall is our bond reconciliation.
• balance is on all of the bonds.
• to ensure that we're not tying into old bonds going forward.
• The first one is we've re-engaged with Real Time Solutions to have them continue developing the bond

Transcript Highlights:

• <00:13:08.000> factors substantial economic development factors substantial economic development
• <00:16:47.519> and department of economic development and department of economic development
• The bill with data center developers.
• Bonding should not be political.
• Bonding should not be the state.

Keywords: 1187, senate, all

Transcript Highlights:

• Do we have a default rate on the bonds at all?
• There are no defaults in the state bonds. because of state bonds, no ma'am.
• So we have an excellent bond rating. Right.
• Item 1 is an overview of SEPRIT's bond proceeds.
• I'm here to testify in support of the Economic Development Development and Tourism Office, as well as

Keywords: 1184, house, all

Transcript Highlights:

• It's not an economic development issue in the sense of workforce development, and we feel that we can
• taxpayer funds at risk since the bonds taxpayer funds at risk since the bonds are<00:40:55.599><
• So until 2028 bond cap capacity already.
• If not, Vice Chair, please take the vote. revenue bond amount of 40,000 for revenue bond amount of 40,000
• also notes that the special revenue bond also notes that the special revenue bond has<01:17:19.920

Keywords: 910, house, all

Summary: The joint hearing covered several bills focused on economic development, tourism, business climate, and related policy areas. On HB 1943, which would support a DBEDT office in Korea, DBEDT and the Retail Merchants of Hawaii testified in support, emphasizing Korea’s importance as a market for investment, trade, and tourism and the value of helping small and midsize Hawaii businesses access Asian markets. A later witness also tied the proposal to broader free-trade and APEC-related goals. The committees heard no opposition on that measure. The committees then heard HB 1612 and HB 1614, both supported by multiple organizations and agencies. Testimony for HB 1612 stressed Hawaii’s weak business climate and the need for policies that improve economic growth and competitiveness; the Hulamua Collaborative cited survey results showing only 19% of respondents viewed Hawaii as a good place to do business. HB 1614 also drew support, with HTC saying its focus is on economic growth. For HB 1968 and HB 1967, the Office of Planning and Sustainable Development, the University of Hawaii, the Chamber of Commerce, and Hulamua Collaborative largely stood on written testimony in support; the hearing notes reported nine supporters and one opponent on HB 1968, and seven supporters with one comment on HB 1967. A substantial portion of the hearing focused on HB 1589, a bill to create dementia training and recognition for businesses. Testifiers included a private citizen sharing a personal family story, the Alzheimer’s Association, and DBEDT. Supporters said the measure would help families affected by dementia, reduce stigma, and make businesses more dementia-friendly. DBEDT said the issue would be better handled by an agency with dementia expertise, while the Alzheimer’s Association said it could provide training at no cost and suggested amendments to shift implementation toward the Executive Office on Aging and to use the term “dementia business champion.” The final major topic was HB 1608, involving a space-related project and financing. Phoenix Space testified that the bill would help launch responsive space access operations at Hilo International Airport, create local jobs, and support partnerships with Hawaii institutions, while another supporter said the project could diversify the economy. A committee member raised a timing concern, noting bond cap capacity was already allocated through 2028, and the witness said they were willing to work on a solution. The hearing also included HB 1850 on capital gains taxation, where supporters argued the bill would make the tax system fairer by increasing taxes on investment income, while the Chamber of Commerce opposed it. No votes or final committee actions were taken during the hearing.

Transcript Highlights:

• that bond sale, right?
• CFO for Louisiana Economic Development.
• And within the Economic Development Awards Program is... Development Awards Program.
• And within the Economic Development Awards Program, it's also our Economic Development Site Readiness
• Within our Economic Development Awards Program, an LED certified site program was developed as a development-ready

Keywords: 965, house, all

Summary: The Ways and Means Committee held an informational hearing on the state capital outlay process, with Roger Husser and Matt Baker of the Division of Administration’s Office of Facilities Planning and Control (FPNC) presenting a detailed review of House Bill 2 and proposed improvements. They said FPNC administers about 54% of the bill, while other agencies administer the rest, and emphasized that the capital outlay program has improved significantly over the last few years, with project expenditures more than doubling due to better cash-flow management, staffing changes, and more efficient project administration. They also explained how the bill is structured by priorities, how the priority-one cash line of credit is capped and adjusted for construction inflation, and how the bill has grown into a much larger, longer-range plan than a true five-year program, especially on the non-state side. A major theme was that the bill contains too many dormant, legacy, and low-priority projects, which creates false expectations and ties up funding. Committee members pressed the presenters on culture change, third-party project management, staffing shortages, and the use of technology and statutory interpretation to speed projects without sacrificing compliance. Husser and Baker said they had reduced internal bureaucracy, used staff augmentation because of hiring difficulties, delegated smaller projects to agencies when appropriate, and improved cash-flow analysis so projects can move forward with less money up front. They also discussed overappropriations, dormant projects, and the need to reappropriate unused funds to projects that can actually spend them. The presenters offered several recommendations and considerations: limit the number and size of new projects, reduce scope creep, require more regular endorsement of long-running projects, consider caps on priority-five funding, impose time limits and reporting requirements on non-state grant projects, and possibly require non-state entities to escrow or otherwise demonstrate their match earlier. They also suggested bundling related projects together, expanding that approach beyond the current pilot, and improving transparency by showing full project funding history and the first year each project appeared in the bill. No votes were taken, and the meeting remained informational, with members generally supportive of the efficiency reforms while also raising concerns about false hope, dormant projects, and the need for clearer expectations and accountability.

Transcript Highlights:

• appropriation bonds.
• system um uh and uh appropriation bonds system um uh and uh appropriation bonds uh<00:35:11.680>
• Andrew Lee, is that if we were to bond for appropriation bonds of $394 million, that's going to be $32
• Andrew Lee, is that if we were to bond for appropriation bonds of $394 million, that's going to be $32
• that we might not even have a bonding that we might not even have a bonding build<00:51:06.240><

Keywords: 1183, house

Transcript Highlights:

• post because they have a financial bond. post because they have a financial bond.
• or personal recognizance bonds or the nonsecure bonds.
• or um the personal um recgnissance bonds or um the nonsecure<01:04:39.839> bonds.
• of those being cash bail or a bond. of those being cash bail or a bond.
• So if a bond is getting a bond at 10%.

Keywords: 910, house, all

Transcript Highlights:

• capital projects statewide, which includes $445 million in general fund $444 million in severance tax bonds
• and then $280 million in supplemental severance tax bonds.
• $392.5 million for three bond issues.
• I think this doesn't replace bonding reform.
• I am from Sandia National Laboratories and I lead our Economic Development Department. Mr.

Keywords: 996, all

Transcript Highlights:

• <01:32:14.440> and regarding General obligation bonds and regarding General obligation bonds
• fund to come out of a funds the bond fund to come out of a funds the bond funds<01:32:32.560>
• me because um General obligation bonds me because um General obligation bonds are<01:33:21.840><
• not that is so that that the developer not that is so that that the developer knows<02:10:20.480
• developer is is they the P3 developer developer is is they the P3 developer still<02:10:52.719><

Keywords: 910, house, all

Summary: The Public Safety Committee held a hearing on House Bill 433, which would appropriate $4 million for Department of Corrections and Rehabilitation re-entry services to connect offenders with community-based services. Director Tommy Johnson said the department supports the bill’s intent but noted the governor’s executive budget already includes $4 million for the same purpose and asked that the measure defer to that budget. Supporters, including the Hawaii Correctional System Oversight Commission, Community Alliance on Prisons, and the ACLU, backed the funding but urged that it be tied to a clear re-entry plan, performance measures, transparency, and regular reporting to the legislature. They emphasized that re-entry should begin at intake and involve community partnerships, housing, treatment, employment, and family reunification services. Committee members questioned the department about current re-entry services, pre-trial detainees, and how the new funds would be used. Johnson said the department’s current statewide re-entry budget is about $1.5 million to $1.7 million, separate from the larger Corrections Program Services Division budget for in-facility programs. He described the proposed $4 million as supporting a mix of services, including a pilot apprenticeship program, substance abuse treatment, navigator or warm-handoff services, and short-term transitional housing. He also said the department already tracks performance outcomes in its annual report and can provide a matrix showing the intake-to-discharge process, program contracts, and volunteer organizations. The discussion also covered pre-trial detainees, electronic monitoring, and mental health services. Johnson said the department has limited jurisdiction over pre-trial detainees but works with courts to seek supervised release when possible; he noted that many requests are denied, though electronic monitoring has improved release rates somewhat. On mental health, he said the jail is not an ideal therapeutic setting for people found unfit to proceed and suggested a secure community-based step-down facility run by the Department of Health for those needing care above what the jail can provide but below forensic-level treatment. No vote or final action on the bill was taken during the hearing.

Transcript Highlights:

• And then you got the grants and bond payments.
• And then a senior bond accountant that's in this, too, that adds into the FTEs.
• specialist because they have one bond specialist.
• And so that makes up the $117 million for bond payments.
• It'll be just a one line item on their economic development programs.

Keywords: 908, all

Summary: The committee heard House Bill 2014, the budget for the Industrial Commission, with Representative Kempenich walking through the agency’s major components: the administrative office, Bank of North Dakota, housing finance, Department of Mineral Resources, and the State Mill and Elevator. He described mostly special-fund operations, including bond payments, economic development programs, the rail loan program, the Rebuilder’s Loan Program, housing incentive funding, abandoned well reclamation work, lignite research, litigation reserves, and a capacity purchase arrangement for a future natural gas pipeline. He also explained several one-time funding items, such as grid resiliency grants, housing-related transfers from the Strategic Investment Fund, and enhanced oil recovery funding repurposed from a prior salt cavern study. Members asked about the reduction in housing incentive funding from the Senate version, the use of one-time Strategic Investment Fund dollars for ongoing housing programs, and whether a trigger should be added to increase housing funding later. Kempenich said no trigger was discussed and emphasized that housing needs vary widely across the state. Another exchange focused on the enhanced oil recovery grant program, which he said would be driven largely by the Energy and Environmental Research Center and would use repurposed funds. A longer discussion covered the natural gas pipeline capacity purchase, including its purpose, possible routes, and the idea that the state would be buying capacity rather than immediately building a pipeline. The committee adopted Amendment 25.0181.0207 on a 21-1 vote, with one member absent and not voting. The committee then passed HB 2014 as amended on a 21-1 vote, with one member absent and not voting. Representative Kempenich was designated to carry the bill. The chair then noted this was the final budget hearing for the committee, with one bill remaining to be heard later.

Transcript Highlights:

• <00:04:55.160> follow units that could developers follow units that could developers follow
• and issue county bonds for this purpose. and issue county bonds for this purpose.
• bonds that was authority?
• developing housing. developing housing.
• for development. for development.

Bills: HB1700

Keywords: housing, expedited permits, disabilities, access, functional needs, local government, affordable housing, reporting requirements, 912, senate, all

Summary: The joint committees heard several housing, land use, and infrastructure bills. HB 6019 HD2 on electric vehicle infrastructure and HB 1728 HD1 on rainwater catchment systems both drew limited testimony and were advanced. For HB 1728, the chairs said they would designate the Department of Health as the regulator and incorporate suggested technical amendments from plumbing and rainwater industry groups. Both measures were reported out with recommendations to pass, with HB 6019 passed unamended and HB 1728 passed with amendments. HB 1844, which would have required the Land Use Commission to reclassify lands designated for urban growth, drew significant opposition from the Hawaii Farm Bureau and Sierra Club, who argued it would bypass land-use review and threaten agricultural land, water planning, and long-term resilience. Grassroot Institute supported the bill, and the Land Use Commission said the bill raised concerns. After discussion, the chairs deferred the measure in one committee and later the recommendation to pass it with amendments was not adopted in the other committee. HB 1990 on penalties and liens for unresolved residential zoning violations was advanced with amendments. The chairs adopted Grassroot Institute’s suggested changes requiring any county sale of such property to be at no less than fair market value and requiring excess proceeds to be returned to the owner. HB 2424, which would allow county planning agencies to petition for temporary reclassification of certain agricultural lands to rural, also drew mixed testimony; the Land Use Commission raised due process concerns, and agriculture interests opposed it. One committee advanced it with amendments, but in the other committee the recommendation failed after members cited lack of county support. The later portion of the hearing began on HB 1738 and HB 1739. HB 1738 would expand county authority to amend district boundaries for housing on parcels over 15 acres; OHA, Sierra Club, and the Hawaii Farm Bureau opposed it, while Grassroot Institute supported it. HB 1739 would require transit-supportive densities in county TOD areas and limit local restrictions; DPP raised concerns about timing, permitting, and conflicts with existing TOD frameworks, while OPSD and Grassroot supported it. The transcript cuts off before final action on these later bills.

Transcript Highlights:

• Research and development contributes over $200 billion. 6.8%.
• But beyond the vote today, I think it is so important for this bond to go on the November ballot.
• So I also would ask for your support in helping us to prioritize this bond, along with the housing bond
• I will, and the one last thing I will say, there will be a science bond on the ballot this year.
• I wanted to be very clear, as it's not easy to say no, but the bond makes it very difficult for me.

Keywords: 988, house, all

Summary: The Assembly Health Committee heard several bills focused on health care access, insurance coverage, public health, and patient protections. SB 1023 by Senator Laird would require insurers that cover injectable PrEP under the medical benefit to also cover it under the pharmacy benefit, to reduce billing barriers and improve access to HIV prevention. Supporters included HIV/AIDS organizations, the Department of Insurance, medical groups, and LGBTQ advocates; health plans opposed the bill as an unnecessary benefit-design mandate. The committee later voted the bill out on a due pass motion, and it remained on call before being finalized out later in the hearing. SB 964 by Senator Smallwood-Cuevas would limit repeated prior authorization requirements when a clinician needs to adjust the dose or frequency of a covered medication for a patient with a chronic or complex condition, with safeguards for off-label use and controlled substances. Support came from physicians, hospitals, and patient advocates, especially in gastroenterology and chronic disease care, while insurers argued it weakened safety and utilization-management safeguards. The committee approved the bill on a due pass vote to Appropriations. SB 1323 by Senator Rubio, as amended in committee, would strengthen protections for patients receiving medical care while in immigration custody by requiring facilities to train staff on responding to such requests and allowing patients to notify a family member or loved one of their location. It passed the committee on a due pass as amended vote to Judiciary, with one no vote recorded. SB 1099 by Senator Reyes would clarify local governments’ authority to provide state and local public benefits to all residents under the federal PRWORA exemption, giving cities and counties more certainty when operating low-barrier services such as health care, shelter, crisis response, and homeless outreach. Local government attorneys and service providers supported the measure, and there was no opposition testimony; it passed to Human Services. SB 895 by Senator Wiener would place a $12 billion science research bond on the November ballot and create a state research funding institute to help sustain California’s research economy amid federal cuts. The bill drew broad support from universities, labor, health organizations, patients, and business groups, with one member voting no because of the bond cost; it passed to Appropriations. SB 944 by Senator Wiener would stabilize Medi-Cal coverage for acupuncture, which supporters described as a cost-effective, nonpharmacological treatment for pain and other conditions. It passed to Appropriations with strong support and no opposition testimony. At the end of the hearing, the committee also took add-on votes to confirm the bills’ passage status and adjourned.

Transcript Highlights:

• So essentially, as you all know, TIF, Colonias, Water Trust, cash bonds.
• I appreciate the work that you all have done to fix the bonding capacity issue.
• So I like this plan, kind of like sponge bonds, right? Not SpongeBob, but SpongeBonds.
• So the remaining capacity of these sponge bonds is very difficult to determine.
• Chair, Representative, that is a cap on what can be drawn from the sponge bonds.

Keywords: 996, all

Summary: During the legislative meeting, House Bill 287 was discussed, which proposes the establishment of a permanent Health and Human Services Committee to oversee the state's $14.4 billion expenditure in this area. An amendment to the bill was adopted, which clarified funding and operational details. Public comments were solicited, but no one spoke in opposition. The committee ultimately voted, with some members expressing concerns about budget implications, but the motion to pass the bill as amended was made and seconded, with several members opposing it. House Bill 371 was also addressed, which focuses on creating an Acequia Infrastructure Fund to support land grant and Acequia communities. The bill aims to provide a financial mechanism for these communities to access funds for infrastructure projects without relying on capital outlay requests. The committee discussed the bill's implications, potential funding sources, and the need for further amendments regarding representation and oversight. A motion to pass the bill was made, with some opposition noted, particularly regarding the lack of specificity in the bill's provisions. Lastly, Senate Bill 143 was presented, which seeks to raise the caps on inspection fees under the Egg Grading Act, among other agricultural regulations. Supportive testimony was provided by representatives from agricultural organizations, emphasizing the need for updated fee structures. The committee engaged in discussions about the bill's implications for consumers and the agricultural sector, ultimately moving towards a vote to pass the bill.

Transcript Highlights:

• How we develop a protocol and the Council...
• But we've had a series of failed bond issues.
• We’re proud of our maximum bonding capacity right now.
• The city has hired multiple economic development directors.
• General Fund; we are completely out of our bond sales, so the supplemental Sandford's tax bonds.

Transcript Highlights:

• Not only that, but in 2018, We did pass a bond issuance in 2023, along with other bond issuances.
• So it obviously prompted us to issue, through that first bond issuance that Mr.
• Builders and developers are now accountable for the water they bring to our area.
• In 2017, the Texas Water Development Board was tasked to conduct a state flood assessment.
• John Dubnik, Texas Water Development Board. Board.

Keywords: 997, house, all

Transcript Highlights:

• exempt, so we get a lower rate on those bonds.
• It's just, you know, the timing of selling those bonds.
• So we get a lower rate on those bonds.
• It's just, you know, the timing of selling those bonds.
• The development incentive well tax incentive program was passed in the last The development incentive

Summary: The committee met as the Regulatory Division budget section and first reviewed the North Dakota Housing Finance Agency’s budget and program update. Legislative Council outlined the agency’s base budget and historical funding, and Housing Finance staff reported on homeownership lending, housing incentive fund (HIF) awards, and homeless grant spending. Agency officials said the five new FTEs approved last session are mostly filled, with one homeless program manager still open. They described strong demand for HIF, noting that September 2025 multifamily requests exceeded $73 million while only $25 million was available, and that single-family and homeless programs are also heavily subscribed. Members discussed the agency’s local loan servicing workload, interest-rate benefits, down payment assistance, and the need to coordinate housing discussions with Commerce and site-preparation efforts. The agency asked that HIF, single-family, and homeless funding be maintained or increased, and committee members emphasized accountability and statewide access for homeless prevention and rapid rehousing funds. The Department of Mineral Resources then presented its budget and agency initiatives. Staff reported that the department is on track financially, that most of the five new reclamation-related FTEs are hired, and that litigation costs tied to oil and gas matters are expected to continue appearing late in the biennium. The director reviewed ongoing modernization and organizational efforts, including the North Star IT project, succession planning, training, and rulemaking for oil and gas and critical minerals. Members asked about longer laterals, spacing, and production trends; the department said operators are increasingly drilling three-, four-, and even an initial five-mile lateral, which is helping keep North Dakota oil production relatively flat even as rig counts ease. The director also discussed oil price volatility tied to Middle East conflict, hedging practices among producers, gas capture remaining around 95%, and the likelihood that current production levels will stay near flat unless prices or geopolitical conditions change significantly. An update on the enhanced oil recovery grant program followed. The Industrial Commission’s grant administrator said the full $25 million appropriation was allocated in the fall to six projects, and because the oil and gas research fund also had carryover and biennial tax revenue, total awards reached about $45.1 million. The projects are expected to run two to four years, with meaningful results not likely until mid-2026 or later. Members questioned whether the public would have access to the research findings and how accountability would be maintained; staff said the grants are reimbursement-based, require regular status reports, and will culminate in public final reports. The committee also heard from the North Dakota Pipeline Authority, which updated members on natural gas transmission projects, especially WBI Energy’s proposed Bakken East pipeline. The authority said the project has advanced through a nonbinding and then binding open season, with WBI now securing survey permissions and moving through regulatory and landowner processes, while other related gas transmission projects near Minot and Epping are also in development.