Transcript Highlights:

• This is the highest rate in the nation.
• State regulations require the standardized rate established by the Department of Social Services to..
• However, low-income Medi-Cal recipients without SSI are not protected by an income-based rate cap and
• SB 433 creates an income-based cap to RCFE room and board rates that allows all Medi-Cal... ...cap to
• SB 433 does not make any change to Medi-Cal rates.

Summary: The Assembly Committee on Human Services heard several homelessness, public benefits, and aging-related bills. SB 748 would expand Encampment Resolution Funding to support safe parking sites for people living in cars or RVs, require quarterly reporting from HCD on outcomes, and direct LAO evaluation; supporters said it would help local governments reduce RV encampments while connecting people to housing and services. SB 290 would repeal the CalWORKs immunization sanction that reduces aid when parents cannot provide acceptable proof of a child’s vaccination; supporters argued the penalty unfairly harms families already in poverty and can worsen instability, while no opposition testified. SB 606 would define “functional zero” for overall and unsheltered homelessness and require local jurisdictions to plan for and report on the housing and interim shelter needed to reach that goal; supporters said it would add accountability and focus on reducing unsheltered homelessness, and one group moved from opposition to neutral after amendments. SB 433 would create an income-based room-and-board cap and personal needs allowance for all Medi-Cal assisted living participants in residential care facilities for the elderly, not just SSI recipients; supporters said it would prevent eviction and homelessness among low-income seniors and people with disabilities, and facility groups withdrew opposition or moved to neutral after amendments. SB 761 would require students applying for Cal Grants to be notified that they may be eligible for CalFresh and given information on how to apply; supporters said it would address widespread student food insecurity and low enrollment among eligible students. The committee accepted amendments on the bills, and all of the measures discussed were reported out on 7-0 or similar unanimous votes to the Assembly Appropriations Committee, with the consent calendar also approved unanimously.

Transcript Highlights:

• being actuarially sound, and that can drive some spending around rates, whereas much of rates in the
• being actuarially sound, and that can drive some spending around rates, whereas much of rates in the
• state budget can be discretionary. rates, whereas much of rates in the state budget can be discretionary
• And then I already mentioned vendor rate increases.
• So we use the growth rates in those more complicated models.

Summary: The committee held its first meeting, with co-chairs and members introducing themselves and staff outlining the committee’s statutory mandate under the 2025-27 supplemental operating budget. Staff explained that the Joint Legislative-Executive Committee on Budget Transparency and Fiscal Sustainability will receive technical assistance from a nonpartisan organization, with work split into two phases: first on revenue growth, spending assumptions, and cost drivers in the four-year outlook, and later on staffing, overhead, performance management, and public reporting. Members broadly said they hoped the committee would build a shared factual understanding of the state’s fiscal situation, structural deficits, and budget processes, and identify a sustainable path forward for the operating budget. Staff then gave a detailed presentation on operating budget basics. They reviewed the size and composition of the operating budget, noting that most spending is concentrated in grants/client services and salaries/benefits, with K-12, DSHS, HCA, DCYF, DOC, and higher education making up most NGFO spending. They explained the distinction between constitutional, federal, statutory, and discretionary spending, using examples such as K-12, Medicaid, collective bargaining agreements, court-driven obligations like McCleary and Trueblood, and one-time appropriations. They also walked through how the state uses incremental budgeting, carry-forward and maintenance-level calculations, caseload and per-capita forecasting, and the four-year balanced budget outlook, including reserve calculations and the budget stabilization account. Members asked extensive questions about what is and is not included in the outlook, especially future collective bargaining agreements, health care and compensation growth, tort and other liabilities, and whether the state could better distinguish mandatory from discretionary spending. Staff explained that current CBAs and other already-enacted obligations are included, but future CBAs are not; some liabilities are reflected as expenditures when appropriated, while broader long-term liabilities are not fully captured in the outlook because they depend on future policy choices. Staff also noted that the legislature and ERFC can adopt assumptions such as reversions and growth factors, and that an outlook accuracy report is produced every five years to compare projected and actual maintenance-level spending. The committee agreed to follow up on some of the more complex liability and assumption questions. After a short break, Josh Goodman of the Pew Charitable Trusts began a presentation on Pew’s role and approach to state fiscal sustainability. He described Pew as a nonpartisan organization with long-standing state fiscal research, emphasizing its 50-state comparative data, interviews with state officials and experts, and focus on long-term sustainability, reserve policies, and recession preparedness. The presentation was ongoing when the transcript ended.

Transcript Highlights:

• This rule was put in place in case of fires at a time before fire suppression was created, or fire-rated
• Existing building codes and other rules around fire rating of interior and exterior walls, as well as
• You obviously worked on this in the House and brought one particular set of legislation.
• Pew examined fire deaths in these cities, and we found overall that fire death rates in single-stair
• single-stair buildings is also on par with rates of other types of residential buildings.

Summary: The Senate Committee on Housing and Human Services met with a quorum, adopted the June 16, 2026 minutes, and then unanimously adopted S-1 substitutes for House Bills 5570 and 5571. The chair said the committee would take testimony and likely not move to final passage that day, in order to allow more discussion and questions. The bills, as substituted, would allow local governments to permit certain multifamily buildings up to four stories to be built or converted with a single staircase, subject to conditions such as limits on units per floor, floor size, and existing fire safety requirements. A sunset provision was described as ending the statute once LARA adopts corresponding building code rules. Representatives Fairbairn and Wooden testified in support, saying the bills are intended to address Michigan’s housing shortage by making smaller infill and “missing middle” projects more feasible and less costly. They argued the current two-stair requirement drives up costs, makes land assembly harder, and limits development on narrow or irregular lots. Senators asked about stair width, emergency safety, the choice of four stories instead of six, and why the American Institute of Architects opposed the approach; the sponsors said the 48-inch stair width was intended to allow two-way movement, four stories was a compromise aligned with expected code changes, and the architects preferred rulemaking over statutory change. Supportive testimony came from Pew Charitable Trusts, which said research from New York City, Seattle, and other places found fire death rates in modern single-stair buildings to be indistinguishable from other multifamily buildings, and that modern safety features such as sprinklers, alarms, and fire-rated construction make these buildings safe. A developer from Ann Arbor and the Michigan Home Builders Association said the reform would improve floor-plan efficiency, reduce wasted circulation space, lower construction costs, and help smaller projects pencil out. Abundant Housing Michigan also supported the bills, estimating they could reduce apartment construction costs by nearly 13%. The clerk read in numerous written cards in support from business, housing, municipal, and advocacy groups, while the Michigan Association of Fire Chiefs and the Michigan Professional Firefighters Union were listed as neutral. The committee adjourned without further business.

Transcript Highlights:

• The Senate amendment allows and sets guidelines for DPS to ensure temporary work authorizations while
• , so insurance is able to negotiate that rate down.
• It's a similar rate, I think what Access is saying is... ...it's a similar rate.
• Specific denial rates are not available.
• It sets a maximum authorized tax rate of $5 for every $100 of net limited property valuation.

Keywords: 1182, all

Summary: The caucus reviewed a long list of House bills that had returned from the Senate with amendments, with members repeatedly noting that sponsors intended to concur on most items. Topics included public health and vaccination rules (HB 2086, HB 2248), state investment in gold and silver (HB 2140), property records and voter-registration privacy (HB 2327), municipal and county regulation of business property and development fees (HB 2460, HB 2946, HB 2999), legislative subpoenas (HB 2745), cold plunge regulation (HB 2439), nursing-facility complaint timelines and licensed health aide rules (HB 2195, HB 2189), court-ordered treatment review (HB 2923), Access/Medicaid reimbursement and prior authorization for diagnostic services (HB 2932), inmate mental health study committee language (HB 2673), prenatal development instruction in schools (HB 2830), public records requests by legislators (HB 4056), parents’ rights and social transitioning in schools (HB 2249), school district financial compliance and facilities contracting (HB 2481, HB 2482), Native American language proficiency for graduation (HB 2895), advanced math auto-enrollment (HB 2423), special education and military-family procedures (HB 2621), AI rules for state agencies (HB 2592), eviction record sealing (HB 2244), tax filing penalties (HB 2016), shade structures in HOAs (HB 2342), homelessness-related community restitution (HB 2028), medical records timelines (HB 2557), PFAS firefighting foam restrictions (HB 2641), family-court expert testimony and prisoner transition services (HB 2662, HB 2440), address confidentiality protections (HB 2594), guardianship notice attestation (HB 2661), utilities for high-load customers (HB 2756), and nuclear-ready community planning (HB 2456). The committee also briefly moved to Caucus Calendar 19 for additional bills on mobile food vendors, school board training, out-of-state travel and meeting transparency, and a medical-intervention nondiscrimination bill. Several bills drew substantive discussion or criticism. Members debated HB 2932 at length, with staff explaining that Access said the bill would have a high fiscal impact because it would require reimbursement for non-contracted lab services and eliminate prior authorization for a broad range of diagnostic services, potentially increasing costs substantially. HB 2249 also prompted concern from members who argued it could force teachers to out students and create civil liability for using preferred pronouns or failing to notify parents about social transitioning. HB 2830 was criticized as requiring prenatal-development instruction while barring discussion of sexual activity or reproduction. HB 2028, which allows community restitution instead of a $20 probation assessment for people who are indigent and experiencing homelessness, was questioned as potentially punitive. HB 2481 was discussed as a way to help, rather than punish, small rural school districts struggling with financial-record compliance. The caucus also noted that several of the measures were sponsored by Democrats, which was highlighted as notable during the meeting. No formal votes were taken in the transcript. The caucus chair repeatedly asked for questions, and in most cases there were none, after which the sponsor was understood to intend concurrence with the Senate amendments. The meeting ended with adjournment after the caucus moved through the remaining calendar items.

Transcript Highlights:

• We also found that greater Minnesota counties have the highest rates of pre-trial detention because those
• <00:05:13.759> of counties have the highest rates of counties have the highest rates of pre-trial
• Research consistently finds that the imposition of monetary bail does not increase appearance rates or
• this bill is that it seems like it sets this bill is that it seems like it sets it<00:32:08.320>
• So folks are, you know, these industry business model only works if we have judges setting bail.

Keywords: 1183, house

Transcript Highlights:

• Those rates have been adjusted. The second category is increased cost of products and services.
• to 72.5 cents per mile this year, and that rate Is set by the federal government by GSA.
• But as the Chief Clerk indicated, these are rates that are set by GSD.
• How we know it's mileage versus your per diem rate, which all per diem rate is reported on your 1099
• Is the per diem rate for the 30-day session? The rate is $202 per day. 202 per day. Thank you.

Keywords: 996, all

Transcript Highlights:

• The rate also went up to 72.5 cents per mile.
• And that rate is set by the federal government by GSA.
• But as the Chief Clerk indicated, these are rates that are set by GSD.
• How we know it's mileage versus your per diem rate, which all per diem rate is reported on your 1099
• Is the per diem rate for the 30-day session? The rate is $202 per day. 202 per day. Thank you.

Transcript Highlights:

• pools, so they are necessarily going to increase their rates.
• So there is, and different carriers, there are three ways of rating the policies.
• This is what most of the policies in New Mexico are rated as.
• the premiums are set on the policyholder's age at the date of issue.
• They may want to set up a clinic.

Bills: SB21, SB42, SB81, SB101, SB139

Keywords: SB 21, Medicare supplement, Medigap, open enrollment, guaranteed issue, birthday month enrollment, health insurance, insurance regulation, senior health coverage, elderly, retiree, Medicare beneficiaries, preexisting conditions, underwriting restrictions, premium discrimination, New Mexico insurance law, superintendent of insurance, health care coverage, policy portability, healthcare

Transcript Highlights:

• You<00:28:58.000> set<00:28:58.480> the You set the You set the uh<00:28:59.880> fair
• double what the uh the current rate is. double what the uh the current rate is.
• So, the taxing bodies then have to have the ability to set their own mill rates to adjust for increases
• The taxing bodies then have to have the ability to set their own mill rates to adjust for increases in
• And I'm way over my skis on rate out? And I'm way over my skis on rate making. making. making.

Keywords: 916, all

Summary: The Joint Revenue committee met with a quorum and heard a series of interim topic proposals focused on tax policy. Representative Brown raised two ideas: reinstating an exemption reporting requirement for corporations and entities receiving tax exemptions, with loss of the exemption for the current and prior year if they fail to report, and revising property tax treatment for wind turbines and related infrastructure by shifting the taxed footprint from agricultural to industrial classification. Senator Case and others then discussed energy taxation more broadly, including a possible generation tax for electricity, how to handle large data-center electricity loads, and whether sales tax revenue from very large electrical loads should be shared statewide rather than concentrated locally. The committee referenced prior bills and studies, including House Bill 300 and Senate File 76, and discussed using a mechanism that would keep local electricity bills net neutral while redirecting revenue distribution. The committee also took up problematic gaming and program funding. Senator Case described personal experiences with gambling addiction and the lack of available resources, while the presenter said the topic had been requested in multiple committees and that the biggest concern from House Bill 171 was protecting county and municipal funding. Members discussed whether the issue belonged in Revenue, Health, Labor, or Transportation, and several suggested it should stay with the standing committee handling gaming. Ideas raised included using gaming-related revenue for prevention and treatment, fully funding the 988 lifeline, and creating a broader trust fund for addiction-related services and law enforcement. The committee appeared to agree to continue the topic for educational purposes and to examine taxation of HHR and other gambling activity. Senator Case then proposed a severance tax on wind energy, arguing that wind development creates permanent landscape impacts and that the state should be compensated similarly to coal, oil, and gas extraction. Curt Meier, the state treasurer, supported reviewing lease agreements and said Wyoming should get more from wind resources, noting the state’s unique wind potential and the loss of viewshed. Finally, the committee heard a proposal to reform property tax relief by extending it to motor vehicle registration. Former Revenue director Dan Noble argued that vehicle taxes should be treated like other property taxes, using fair market value, depreciation, the residential assessment ratio, and local mill levies, which he said could provide broad relief but would be expensive, with an estimated fiscal impact of about $120 million. Representative Chestek followed with a related reform proposal based on Pennsylvania’s base-year assessment model, arguing that Wyoming’s current statewide relief measures treat symptoms rather than the underlying problem of rapidly rising local valuations.

Transcript Highlights:

• of loved ones suffering in silence because of stigma, preventing others from seeking help; of high rates
• spoke of loved ones suffering and silence of stigma, preventing others from seeking help, from high rates
• So being able to have access to these various services integrated into the primary care setting, into
• This bill will not actually change rates that would need to be considered in the budget process, but
• This bill will not actually change rates that would need to be considered in the budget process, but

Summary: The Assembly Health Committee met on March 25, 2025, with Chair Mia Bonta presiding and initially operating as a subcommittee until quorum was established. The committee heard several health-related bills, including AB 73 on creating a Black Mental Health Navigator certification, AB 499 on lowering the state reimbursement trigger for the Robert F. Kennedy Farm Workers Medical Plan, AB 843 on aligning California health insurance language-access rules with federal standards, AB 257 on a specialty care network using telehealth and virtual services for Medi-Cal and underserved communities, AB 64 on allowing diacritical marks on vital records, AB 315 on the Home and Community-Based Alternatives waiver, and AB 40 on clarifying that emergency services include reproductive health services such as abortion. Testimony generally emphasized disparities in access, culturally competent care, language access, rural provider shortages, and the importance of preserving or expanding programs that help vulnerable populations. Supporters included authors, state and local health organizations, advocacy groups, and affected individuals. AB 73 was backed as a way to address stigma, mistrust, and culturally competent mental health access for Black Californians. AB 499 was described as helping keep a self-insured farmworker health plan operational while maintaining a low-cost, labor-management model. AB 843 was supported as a way to prevent children and families from having to translate sensitive medical and insurance information and to protect limited-English-proficient Californians. AB 257 drew support as a demonstration project to improve specialty care access through California-based clinicians and virtual care, with examples of reduced wait times and costs. AB 64 received emotional testimony from the author, a child and his family, and others about the importance of accurately recording names with accents and other marks. AB 315 was presented as a cost-neutral or cost-saving way to expand home- and community-based care for medically fragile people, with strong support from disability, health, and provider groups. AB 40 drew support from reproductive health and medical organizations, while one opposition witness argued it could conflict with emergency care standards and overburden emergency departments. The committee took roll-call votes and advanced AB 499, AB 73, AB 843, AB 257, AB 64, AB 315, and AB 40 to Appropriations, with AB 40 receiving some no votes. The committee also adopted its 2025-26 rules and approved a consent calendar that included AB 225, AB 304, AB 403, AB 688, and AB 951. Several measures were initially placed on call and later lifted and recorded as passing out of committee before adjournment.

Transcript Highlights:

• We were well below a bar that we wanted to set, and we did set.
• We were well below a bar that we wanted to set, and we did set.
• We were well below a bar that we wanted to set, and we did set.
• seen a 100% take-up rate.
• Um, in Indiana, for take up rate.

Keywords: 1191, senate, all

Transcript Highlights:

• counselor or the designated person, could actually communicate this information, so I don't think it sets
• out FAFSA, they get it either get it Pell eligible and be free or either at a much lower interest rate
• out FAFSA, they get it either get it Pell eligible and be free or either at a much lower interest rate
• I'm definitely open, and I would say this bill, in how it's set up, alleviates the various avenues that
• I'm setting aside ESA and all the private school debate, but just like there's no charter alternative

Bills: SB1004, SB1424, SB1497, SB1507, SB1572, SB1684, SB1711, SB1741, SB1754, SB1763, SB1798, SCR1012, SCR1041, SCR1051

Keywords: sex offender registration, sex offender registry, A.R.S. 13-3821, sexual offenses, public safety, GPS monitoring, electronic monitoring, transient offender, homeless registrant, online identifiers, internet identifiers, sheriff notification, Department of Public Safety, DPS, DNA collection, juvenile adjudication, kidnapping of a minor, unlawful imprisonment of a minor, lifetime registration, community notification

Transcript Highlights:

• There was one level at 70% and then there was another level at 100% disability rating.
• There was one rating of at least 70%.
• per month. aware, a 70% disability rating through aware, a 70% disability rating through the<00:02:40.800
• In rural Minnesota, the values have gone up, but not at the same rate as here in the metro.
• receive a set amount of $300,000 for the ...

Keywords: 1183, house

Transcript Highlights:

• Set the size of a school doesn't fit.
• Higher test scores in microdistricts, higher attendance rates.
• The mileage for SUVs is funded at half the rate.
• So, so what concerns me is, um, your graduation rate. What is your graduation rate 100%. 100%.
• Just, uh Setting for a school in Mosqueto.

Transcript Highlights:

• All set. Everybody was prepared for the signing ceremony.
• Well, everything was set. The flags were in... Place.
• Housing affordability, sensitivity to interest rates.
• Our borrowing is raising your interest rates. We get over here and higher...
• And that means interest rates go up. So let’s...

Keywords: U.S. House of Representatives Floor Proceedings on Thursday, June 25, 2026, 1012, house, all

Transcript Highlights:

• That allows projects to be financed at lower interest rates and without any return on equity that adds
• The next big topic is a set of reforms to streamline the permitting of clean energy projects to help
• The next big topic is a set of reforms to streamline the permitting of clean energy projects to help
• And we know that we cannot continue to accept soaring electricity rates.
• That is why we set this up.

Summary: The Assembly Committee on Utilities and Energy convened with a quorum and first heard SB 254, a major utility affordability and wildfire package authored by Senator Becker and coauthored by Assemblymember Petrie-Norris. The bill was described as combining wildfire mitigation reforms, $6 billion in securitized financing for future fire-mitigation capital spending, a public ownership/transmission financing program, tighter scrutiny of utility profits, clean energy permitting streamlining, stronger customer connection timelines, and a successor wildfire fund/continuation account to replace the current fund. Supporters, including the Governor’s office, TURN, labor, clean energy groups, utilities, and public advocates, said the measure would lower bills, stabilize utilities, protect fire victims, and reduce wildfire-related bankruptcy risk. Opponents and some local government groups raised concerns about affordability impacts, the volumetric wildfire fee, strict liability, and provisions they said could affect local control. After discussion, the committee approved SB 254 on a 16-0 vote and sent it to the floor. The committee then held an informational hearing on AB 825, which would enable California to participate in a West-wide electricity market. The authors said the proposal could save ratepayers up to $1 billion annually, improve reliability by allowing California to draw on a larger regional supply, reduce curtailment of renewable power, and lower greenhouse gas emissions. Support came from environmental organizations, labor, utilities, community choice aggregators, large energy users, and the Public Advocates Office, all emphasizing cost savings, reliability, and cleaner energy integration. TURN opposed the measure, warning that last-minute amendments removed safeguards against subsidizing out-of-state fossil generation and could expose California ratepayers to unwanted costs. Members questioned governance, exit rights, CPUC oversight, and local control, and the authors responded that the bill includes multiple safeguards, legislative reporting, the ability to exit without penalty, and continued local consultation. No vote was taken because the hearing was informational only.

Transcript Highlights:

• But the state could take proactive steps to try to reduce that error rate.
• California's error rate in 2024 was above 10%.
• The take-up rate for both programs is pretty high, in part for Medi-Cal.
• With respect to the error rates, right? Why do we need to talk about the error rates now?
• With respect to the error rates, right?

Summary: The Assembly Budget Subcommittee on Accountability and Oversight held its fifth hearing of the year to examine the newly enacted federal H.R. 1 and its effects on California. Members and the chair described the law as a major threat to state health, food, education, and climate programs, and emphasized that California would not be able to fully backfill the federal cuts. Several members also highlighted the bill’s tax provisions, including temporary deductions for tips, overtime, seniors, and auto loan interest, while warning that the largest benefits flow to higher-income taxpayers and that major cuts to Medi-Cal, CalFresh, and clean-energy incentives are delayed or phased in over time. The Legislative Analyst’s Office and the Department of Finance presented detailed overviews of the bill’s likely impacts and implementation timelines. They identified the main affected areas as health care coverage and financing, food assistance, higher education, personal income taxes, and clean-energy/electric-vehicle credits. They explained that H.R. 1 limits provider taxes used to finance Medi-Cal, adds work and redetermination requirements, restricts CalFresh eligibility and increases state costs, changes student loan and Pell Grant rules, extends and modifies federal tax provisions, and phases out many clean-energy credits. Finance also noted major rescissions of Inflation Reduction Act funds, new border and immigration enforcement spending, and the possibility of PAYGO sequestration if Congress does not act to offset the deficit increase. During member questions, the committee focused on likely enrollment losses, administrative burdens, and fiscal exposure for the state and counties. Witnesses said many details still depend on federal guidance, but they estimated significant impacts on Medi-Cal, CalFresh, and graduate/professional student borrowing, and noted that California’s high CalFresh error rate could increase state costs. UC testified that the elimination of Graduate PLUS loans would affect thousands of professional students, especially in health, law, and other high-cost programs. Members asked for follow-up data on county, health, and tax impacts, and staff agreed to provide additional tables and estimates as implementation guidance becomes clearer. Public commenters from counties, early childhood advocates, health coalitions, disability rights groups, immigrant-rights organizations, and other stakeholders urged the Legislature to mitigate the law’s effects. They warned of higher county costs, reduced access to health care and food assistance, increased administrative burdens, and harm to children, immigrants, people with disabilities, and low-income families. Several urged new state revenue solutions and stronger protections for Medi-Cal, CalFresh, child care, and home- and community-based services. No votes were taken; the hearing was informational and ended with a commitment to continue monitoring federal guidance and to work on state responses in the budget process.

Transcript Highlights:

• Also, a revenue-neutral rate.
• <00:45:54.000> for marriage penalty, income tax rates for marriage penalty, income tax rates
• A solar energy system is a set of A solar energy system is a set of devices<00:52:12.160> whose
• Um this is included in the data set.
• state sales tax rate from 6.875% state sales tax rate from 6.875% to<01:05:13.920> 6.866%

Keywords: 1187, senate, all

Transcript Highlights:

• to health insurance premium rate increases.
• Amendments by Senator Valadares, set one.
• Californians pay some of the highest utility rates in the country, and our rates are expected to climb
• Secretary, please read the set of amendments. Amendments by Senator Strickland, Set 1.
• Six-year graduation rates are just over 60%.

Keywords: 987, senate, all

Transcript Highlights:

• <00:15:39.519> of 30-year loan has an interest rate of 30-year loan has an interest rate of
• This 20-year loan has an interest rate of 2.25% and was approved by the KIA board on February 6.
• This 20-year loan has an interest rate of 2.25% and was approved by the KIA board on February 6.
• Okay, so then these would be loaned out, rented at a state-controlled rate? Correct.
• out rented at a uh State controlled rate out rented at a uh State controlled rate correct<00:23:

Keywords: 00:01 Call to Order and Roll Call 00:30 Approval of Minutes 00:59 Information Items 03:34 Finance and Admin Cabinet 12:31 KY Infrastructure Authority 21:47 Office of Financial Mgmt 23:27 Adjournment, 958, all

Summary: The committee first handled informational reports on several bond and lease matters, including school district and board of education debt-service items, upcoming revenue bond issues in Henderson and Jessamine counties, and three advertised lease-space requests for state agencies. Members also reviewed prior lease transactions that had not been approved in November and December; the Finance and Administration Cabinet later canceled and rebid the Harlan County lease and moved ahead with the Perry County lease modification. Additional information items included a Kentucky Communications Network Authority quarterly capital projects report and Eastern Kentucky University asset preservation revisions. The committee then heard from Deputy State Budget Director Janice Thomas on four action items. She reported a $2.85 million USDA-funded renovation at Kentucky State University’s Betty White Building, a $294,000 increase for the Kentucky School for the Deaf’s Middleton Hall renovation, and a $6.1 million restricted-funds scope increase for the KCTCS Science Building Expansion in Elizabethtown. Members asked about how often the statutory 15% increase authority is used for school dormitory and cottage projects and about the competitiveness of construction bids; Thomas said bids are typically competitive but recent estimates have been difficult because of higher material and equipment costs. The committee approved the three action items unanimously and also received a no-action report on a $3.918 million Corrections project to repair and replace the KCIW kitchen drain line. Next, the Kentucky Infrastructure Authority presented seven loans and grants, all of which the committee approved unanimously. The package included sewer and water projects for Frankfort, Sturgis, Scottsville, Morganfield, Western Pulaski County Water District, and Springfield, plus an emergency $5.487 million Kentucky Waters grant for Eddyville after a catastrophic sewer plant failure and weather-related emergency declarations. The projects covered wastewater interceptor and treatment upgrades, sewer collection rehabilitation, water transmission main installation, and planning/design work, with loan terms ranging from five to 30 years and interest rates from 0.5% to 2.25%. Finally, the committee considered a $38.4 million Kentucky Housing Corporation conduit issuance for a 322-unit multifamily rental project in Jefferson County. A member asked how the committee participates in the transaction, and staff explained that it is a conduit issuance and not state debt. The committee then moved to approve the issuance.