Transcript Highlights:

• I would entertain a motion to approve. Second. Motion, I heard motion to approve.

Keywords: Meeting Start: 00:17 Attendance Roll Call: 00:41 Approval of Minutes: 02:40 HB 694: 03:16 SB 183: 18:32 Discussion on PPOB Membership: 36:10 Adjournment: 42:35, 958, all

Summary: The committee first approved the minutes from its January 27 meeting and then took up House Bill 694, which would create a default rule for the Teachers’ Retirement System health insurance trust fund once it reaches 100% funding, currently anticipated around 2027. The bill would redirect two funding streams now going to the health trust—state payments on behalf of local districts and other employer contributions—into TRS pension benefits if the health fund reaches and maintains full funding. The sponsor said this would add about $154 million annually to TRS pensions and would only serve as a default if no other plan is adopted later. Members asked whether the bill would shift the unfunded liability to teachers or affect employee contributions. The sponsor and staff said it would not shift liability to teachers and would not change the employee contribution; only the employer-side payments would be redirected. Several members asked about the meaning of actuarial 100% funding, whether the fund could fall back below 100%, and whether employee contributions might be reduced in the future. The sponsor said the bill is based on actuarial projections, would revert the money back to the health trust if funding fell below 100%, and does not prevent future legislative or board action. Senator Higdon and others spoke in support of discussing the issue, noting the 2010 shared-responsibility changes and the need for a default approach as full funding is reached. The committee then heard Senate Bill 183, which would amend Kentucky law governing proxy advisers used by retirement systems. The sponsor said the bill would require proxy advisers, when handling shareholder-sponsored proposals, to act solely in the interest of retirement system members and beneficiaries and to provide an economic analysis when voting against a company board’s recommendation. He argued the measure is aimed at proxy advisers such as ISS and Glass Lewis, which he said often advance ESG-related proposals not tied to shareholder value. A guest from APCIA said the bill is meant to distinguish proxy advisers from investment managers and to strengthen the 2023 law by requiring a clearer economic justification for votes that depart from board recommendations. Members asked how proxy advisers differ from other financial advisers, whether Kentucky uses them, and whether the bill would prevent pension funds from investing in companies with ESG factors if those investments are profitable. The sponsor and guest said the bill would not bar such investments; it is intended to regulate proxy voting recommendations, not investment decisions. They described the bill as a proactive measure to reinforce fiduciary responsibility and limit outside proxy influence on pension voting. No final vote on either bill was taken in the portion of the meeting provided.

Transcript Highlights:

• Welcome to Rural Development, Land Grants and Cultural Affairs. Caitlin, can you go in call room?
• So there are places that have a lot of foreclosed buildings, places that need development.
• But oftentimes it's very difficult for a developer to go in and develop that area. Yeah.
• But oftentimes it's very difficult for a developer to go in and develop that area.
• The development would set a minimum of 20% of their units as affordable.

Bills: HB310, HB323, HM51, HB194

Keywords: museum, cultural affairs, lowrider, Espanola, appropriation, feasibility study, broadband access, low-income, rural areas, Indian nations, affordable internet, employment opportunities, detention centers, immigration, economic development, repurposing facilities, job transition, rural development, housing, affordable housing

Bills: SB 3038, SB 3045, SB 3065, SB 3069, SB 3071, HB 2025, HB 2149, HB 3370, HB 4205, HB 4506, HB 5424, HB 5652, HB 24, HB 3687

Keywords: Montgomery County, management district, special district, bond issuance, assessments, taxation, public welfare, economic development, nonconforming uses, zoning regulations, land use, property rights, municipal authority, municipal utility district, eminent domain, bonds, taxes, public infrastructure, water supply, zoning

Transcript Highlights:

• The minutes are approved. Thank you.
• The minutes are approved. Thank you.
• The minutes are approved. Thank you.
• support um as I mentioned Talent develop support um as I mentioned Talent develop Talent<01:37:23.800
• <01:43:09.000> both valuable opportunities to develop both valuable opportunities to develop

Bills: HF711, HF653

Keywords: agriculture, agricultural education, leadership development, Minnesota Agricultural Education and Leadership Council, MAELC, chapter 41D, grant funding, general fund appropriation, commissioner of agriculture, farm education, youth agriculture programs, ag literacy, workforce development, extension education, research funding, extension services, technology transfer, grant programs, 1183, house

Transcript Highlights:

• use the money because we love local control and we're going to let the organizations and economic development

Bills: SB1696, SB1670, SB1687, SB1975

Keywords: SB1696, Oklahoma Talent Attraction and Relocation Program, Oklahoma Talent Attraction and Relocation Revolving Fund, Department of Commerce, economic development, workforce development, community development, relocation incentives, talent recruitment, in-migration, population growth, household relocation, grant program, revolving fund, local government grants, municipalities, counties, nonprofit organizations, economic incentives, residency

Transcript Highlights:

• That became a marquee project in the workforce development arena for us in economic development. ...and
• You have mentioned some key words: workforce development pathways, which is important when you develop
• “You have mentioned some key words, workforce development pathways, which is important when you develop
• Additionally, the bill prohibits a municipality from assessing a development fee on the development of
• So we're in development, when towns allow developers to actually build homes, homes are becoming smaller

Bills: HB2107, HB2588, HB2946, HB2950

Keywords: SNAP, nutrition assistance, fast food, vitamins, waiver, food policy, municipal planning, homeowner association, building permits, single-family home, property rights, design standards, development fees, municipalities, infrastructure, public services, annual reporting, property development, tourism improvement area, TIA

Summary: The Rural Economic Development Committee first took up HB 2950, which would allow governing bodies to approve tourism improvement areas to promote lodging and tourism as an economic development tool. Supporters from the Arizona Lodging and Tourism Association, Visit Yuma, and Visit Phoenix said tourism is a major economic driver, especially in rural communities, and argued the bill would give local areas a voluntary, industry-led way to market themselves, attract visitors, and support jobs without raising taxes on residents. Members discussed tourism in places such as Yuma and other rural destinations, and the committee voted 7-0 to give HB 2950 a do pass recommendation. The committee then heard a presentation on rural economic development centered on Lucid Motors’ investment in Pinal County and its partnership with Central Arizona College. Speakers from the Arizona Commerce Authority, Central Arizona College, and Lucid described workforce training programs, including the Drive48 accelerator, which they said has helped train workers for advanced manufacturing jobs and raised local incomes. The committee read proclamations recognizing both Lucid Motors and Central Arizona College for their contributions to job creation, workforce development, and economic growth in rural Arizona. Finally, the committee considered HB 2946, which would revise development fee requirements, including changes affecting the timing and administration of fees and a prohibition on charging development fees for accessory dwelling units. The sponsor and housing advocates said the bill was intended to help address housing affordability and give developers more predictable costs, while city and league representatives opposed it, arguing it would shift costs from growth to existing taxpayers and interfere with local infrastructure planning. After adopting an amendment that removed county-related provisions and made clarifying changes, the committee passed HB 2946 on a 4-1 vote with two members present, and the meeting adjourned.

Transcript Highlights:

• stand approved as read. Thank you. stand approved as read. Thank you.
• > activities, offer economic development activities, offer economic development activities, job
• We do have to approve this. Motion to approve. So, we have a motion and a second.
• We do have to approve this. Motion to approve. So, we have a motion and a second.
• And then they approved another billion dollars of surplus funds for acquiring and developing state parks

Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:00:26 Approval of Minutes 00:02:27 LIHEAP Presentation and Public Hearing 00:02:42 Conservation Opportunities in Kentucky 00:29:52, 958, all

Summary: The committee first took up a public hearing and presentation on the Low Income Home Energy Assistance Program (LIHEAP). Shannon Hall of the Department for Community Based Services and Rick Baker of Community Action Kentucky explained that LIHEAP is a 100% federally funded block grant that helps low-income households pay heating and cooling bills, avoid utility disconnects, and support weatherization. They outlined the program’s components, eligibility limits, seasonal application periods, and recent participation figures, including tens of thousands of households served through the summer cooling, fall subsidy, winter crisis, and spring subsidy components. They also described weatherization priorities, the partnership with Kentucky Housing Corporation, and the role of Community Action agencies in administering the program statewide. Members asked about Assurance 16, the balance between need and available funding, summer cooling assistance, weatherization measurement, renter versus homeowner participation, and whether federal changes could affect LIHEAP. Hall and Baker said Assurance 16 supports energy-burden reduction through education, case management, and conservation strategies; that funding has generally been sufficient in recent years but crisis funds have sometimes been exhausted quickly in the past; and that summer assistance is primarily electric utility support. They also said weatherization uses return-on-investment testing and that Kentucky still has a large backlog of homes needing service. On federal funding, they said the recently passed federal bill did not directly cut LIHEAP, but future appropriations could still affect it, and any major reduction could leave a gap the state might need to consider filling. The committee approved the minutes and later approved the LIHEAP finding of fact; no members of the public signed up to testify. After concluding LIHEAP, the committee heard a presentation from Heather Jeff of The Nature Conservancy on conservation opportunities in Kentucky. She described the organization’s voluntary land-protection work and highlighted the Cumberland Forest project, a conservation easement on about 55,000 acres in Bell, Knox, and Leslie counties supported in part by a $3.875 million state appropriation. She also reported on mine-land reforestation, elk habitat work, and the rapid allocation of a $2 million appropriation for the Kentucky Heritage Land Conservation Fund. Jeff emphasized the economic value of conservation for tourism, hunting and fishing, agriculture, forestry, bourbon, and flood protection, and said the group is finalizing a Kentucky conservation needs assessment and related feasibility research.

Transcript Highlights:

• Good morning, everyone, and welcome to the Workforce, Labor, and Economic Development Finance and Policy
• Uh, the minutes we need to have approved from April 9th.
• Minutes are approved as presented. Thank you very much.

Bills: HF2440

Keywords: labor market, employment, economic development, funding, data analysis, 1183, house

Transcript Highlights:

• <00:01:18.320> Thanks of April 8th are approved. Thanks of April 8th are approved.
• development fund base budget set forth. development fund base budget set forth.
• move to the workforce development fund. move to the workforce development fund.
• It does approve allocations to the workforce development areas and our small layoff independent grantees
• development? Commissioner, uh, Mr. development?

Bills: HF2440

Keywords: labor market, employment, economic development, funding, data analysis, 1183, house

Transcript Highlights:

• When Florida's research and development tax credit was created in 2011, it was capped at $9 million.
• In 2025, the Department of Revenue approved applications that requested over $104 million in tax credits
• This bill raises the cap for the research and development tax credit in Florida from $9 million to $50
• Shortly after purchase, the puppy developed a serious liver condition.
• The first part relates to the Florida Small Cities Community Development Block Grant Program.

Bills: S0214, S0482, S7030, S0554, S0994, S0998, S1004, S1074, S1076, S1266

Keywords: special districts, funding, financial assistance, rural community, state agency, economic development, artificial intelligence, personal data protection, consumer rights, chatbot, deceptive practices, government contracts, public records, consumer protection, data privacy, investigations, proprietary information, chatbots, Florida statutes, nonprofit

Summary: The Committee on Commerce and Tourism heard and advanced several bills focused on economic development, consumer protection, workforce issues, and technology. SB 1076 would raise Florida’s research and development tax credit cap from $9 million to $50 million beginning with the 2027 allocation, and it was reported favorably. SB 1266, as amended, creates a cybersecurity experiential internship and clearance-readiness program with Cyber Florida and was also reported favorably. SB 554, a Florida Bar-backed update to the not-for-profit corporations statute, was approved without opposition. SB 1004, aimed at protecting buyers of dogs and cats from deceptive sales practices and predatory financing at retail pet stores, received supportive testimony from animal welfare advocates and was reported favorably. SB 1074, which sets rounding rules for cash transactions if pennies are unavailable, also passed favorably. The committee also considered SB 998, the Department of Commerce package, which combines updates to the Small Cities CDBG program, clarification of rural community eligibility, an exemption from a reverter clause for military-related land conveyances, and revisions to E-Verify enforcement. The E-Verify portion drew the most debate, with questions about employer cure periods, treatment of current investigations, and whether the bill creates a loophole for independent contractors. Senator Smith opposed the bill, arguing it creates unequal enforcement between employers and immigrant workers, while Senator Wright supported the military-related provisions. SB 998 was reported favorably on a divided vote. SB 214, which expands the rural community definition to include special districts in rural counties, was reported favorably. The committee then took up SB 482, an artificial intelligence consumer-protection bill that creates an “AI bill of rights” covering companion chatbots, parental controls for minors, data privacy, de-identified data, unauthorized use of likeness, and enforcement by the Attorney General, with a limited private cause of action for minors. The bill drew extensive testimony both in support and in opposition, including concerns about privacy, age verification, and enforcement, but it was reported favorably. Finally, the committee approved SPB 7030, a public-records exemption tied to Department of Legal Affairs investigations under the AI bill, and adjourned after members requested to be recorded on certain votes.

Transcript Highlights:

• control measure, and it is embedded in the EPA-approved SIP.
• Arizona created the assured water supply program to ensure that when we approve new development, there
• , and innovative next-generation energy resource development.
• the development of... ...is key state agencies to work together to develop standardized permitting guidance
• for the development of next-generation geothermal resources.

Bills: HB2013, HB2026, HB2056, HB2098, HB2113, HB2156, HB2158, HCM2011, HCR2057

Keywords: air pollution, wildfires, environmental standards, public health, Arizona Revised Statutes, assured water supply, groundwater, commingling, commingled water, water supply, Arizona Department of Water Resources, ADWR, active management area, AMA, subdivision plat, development approval, water rights, municipal provider, private water company, certificate of assured water supply

Summary: The committee approved the minutes from February 27 and March 3, 2026, and then heard several natural resources and water-related measures. House Bill 2013 would require ADEQ to submit an exceptional event demonstration to EPA when wildfire smoke from federally managed land affects Arizona air quality. The sponsor said this would help Arizona’s ozone/nonattainment position, while Sierra Club and ADEQ raised concerns that the bill duplicates an existing process and could waste staff time and resources. The bill passed 5-3. House Bill 2156 would appropriate $250,000 to the Livestock Compensation Fund. Supporters argued ranchers need help with livestock losses and drought impacts, while opponents criticized the board’s transparency and said the program already receives federal and prior state funding. The bill passed 5-3. House Bill 2113 would require RUCO to intervene in utility rate cases when a proposed increase reaches 100% or more; the sponsor said rural customers are being overlooked, while RUCO said it would need significant additional staff and funding and could not absorb the workload without more resources. The bill passed 6-2, with members noting they expected a future amendment to add funding. The committee also approved House Concurrent Memorial 2011, which urges Congress to delist the Mexican gray wolf and return management to states and local authorities. Supporters cited livestock losses and ranching impacts, while opponents said the species remains endangered and recovery decisions should remain science-based; the memorial passed 5-3. House Bill 2026, concerning how ADWR evaluates water availability when supplies are commingled, passed 5-3 despite concerns that it could weaken groundwater safeguards. House Bill 2056, which funds a feasibility study for brackish groundwater desalination sites, also passed 5-3 after debate over whether the study was necessary given existing groundwater accounting and treatment efforts. House Bill 2098, modernizing Pinal County Water Augmentation Authority bonding authority, passed unanimously 8-0. Finally, House Concurrent Resolution 2057, supporting a geothermal permitting roadmap and agency coordination for next-generation geothermal development, passed unanimously 8-0.

Transcript Highlights:

• Members, in 2023, the 88th Legislature introduced Senate Bill 2440, requiring developers to attach a
• To subdivide a tract of land, if the development will rely on groundwater for its water supply, Senate
• It is applicable if sufficient groundwater is available for the proposed development based on credible
• CEQ, this bill promotes responsible land development.
• We had some very large developments go in. When those developments go in, we utilize the U.T.

Bills: SB612, SB1855, SB2568, SB3058, HB49

Keywords: SB 612, Texas Water Code, Section 49.2127, conservation and reclamation district, water district, reclamation district, developer fees, pipeline construction, water pipeline, sewer pipeline, associated infrastructure, subdivision infrastructure, cost recovery, fee cap, actual reasonable documented costs, engineering fees, legal fees, inspection fees, infrastructure relocation, utility connections

Transcript Highlights:

• Chair lays out SB1307 by Cook as pending business, relating to a new health coverage reference guide developed
• SB1643 would require insurers to obtain prior approval from TDI for any rate change up or down more than
• The policy question before us, I think, is whether requiring prior approval for significant rate changes
• California has prior approval for every single rate, as mentioned by the person who testified before
• And today, the comp system through other commissioners has continued to develop.

Bills: SB1642, SB1643, SB2530

Keywords: Texas Department of Insurance, commission appointments, insurance regulation, oversight, consumer advocacy, insurance rates, property insurance, commercial automobile insurance, rate approval, consumer protection, windstorm insurance, Texas Windstorm Insurance Association, administrative penalties, coastal counties, 1184, house, all

Transcript Highlights:

• If you've had a chance to look over those, we will need a motion and a second to approve those minutes
• If you've had a chance to look over those, we will need a motion and a second to approve those minutes
• A motion and a second to approve the minutes. All those in favor say aye. Opposed, nay.
• If you've had a chance to look over those, we will need a motion and a second to approve those minutes
• A motion and a second to approve the minutes. All those in favor say aye. Opposed, nay.

Keywords: Roll Call 00:32 Approval of Minutes 01:38 HB 20 Discussion 02:08 HB 20 Vote 06:00 HB 188 Discussion 07:07 HB 188 Vote 10:10 Administrative Regs 11:09, 958, all

Summary: The House Transportation Committee met with a quorum, approved the previous meeting’s minutes, and heard two House bills plus several Transportation Cabinet regulations. House Bill 20, sponsored by Rep. Hodson, would restrict the retention and sale of automated license plate reader data, limit storage to 60 days, and prohibit nonconsensual tracking devices such as micro-trackers and subcutaneous trackers. Hodson said the bill was aimed at protecting citizens’ privacy and noted it had passed the House previously; members asked about enforcement and deletion responsibility, and one member suggested criminal penalties might be worth considering in the future. The committee voted to report HB 20 favorably. House Bill 188, sponsored by Rep. Duvall, addressed driveaway plate businesses that transport vehicles for others. Duvall said Kentucky law had created confusion about how many vehicles could be on the road and had driven up insurance costs, hurting a Warren County business; the bill would let such companies purchase the exact number of plates needed, which he said would reduce exposure and premiums. He emphasized the bill would not affect dealer tags or trailer transport and said he was working on a floor amendment to make that clear. The committee reported HB 188 favorably as well. The committee then reviewed five administrative regulations, including Transportation Cabinet rules allowing technology to be used in title examinations, extending an off-road vehicle pilot program to July 2026 and updating the definition of local government, aligning truck weight-mass rules with statute, adopting the MUTCD traffic control manual, and an emergency Kentucky State Police regulation adjusting a TSA-related hazardous materials endorsement fee because the federal change came too quickly for the normal regulatory process. Members asked whether the title rule covered rebuild titles, and staff said it applied to all titles. The committee noted the regulations had been reviewed and then adjourned, with the next meeting tentatively set for the following Tuesday.

Transcript Highlights:

• I would uh entertain a motion to approve the minutes from the last meeting. Motion.
• would uh entertain a motion to approve would uh entertain a motion to approve the<00:01:17.640><
• All approved, say aye. Aye. We have approval of the minutes.
• The Corps of Engineers campgrounds require federal approval as well.
• playgrounds quotes have been approved playgrounds quotes have been approved and<00:45:13.720>

Keywords: Reuploaded to restore full meeting 00:13 Call to Order and Roll Call 01:14 Approval of Minutes 01:40 Tourism, Arts, and Heritage Cabinet 27:44 Department of Parks 59:23 Adjournment, 958, all

Summary: The committee met for its second Budget Review on Economic Development, Public Protection, Tourism, and Energy and first approved the minutes from the prior meeting. Members then heard a presentation from the Tourism, Arts, and Heritage Cabinet and the Kentucky Department of Tourism on the 1% tourism marketing fund. Witnesses explained that the fund supports statewide tourism promotion, advertising, research, regional marketing, and matching grants to local tourism commissions, and that it cannot be used for capital construction. They reported that the General Assembly and governor increased appropriations in the 2024 session, adding $3 million in FY25 and $7 million in FY26, and set aside funding for the Kentucky Mountain Regional Recreation Authority, the National Quilt Museum, and the Southern Kentucky Tourism Initiative. Tourism officials emphasized that Kentucky tourism is a major economic driver, citing 2023 figures of $13.8 billion in economic impact, 79.3 million visitors, $9.7 billion in direct spending, more than 95,000 jobs supported, and nearly $1 billion in state and local tax revenue. They said the department now uses targeted digital and over-the-top advertising in selected domestic and international markets, with 62% of media placements digital and 80% of the budget spent out of state. Members asked about market selection, how the department measures return on investment, and what attracts visitors from places such as Dallas, Orlando, Toronto, and Washington, D.C.; officials said research shows a mix of family visits, outdoor recreation, and varied Kentucky offerings, and that 81% of overnight visitors are repeat visitors. They also discussed the potential impact of tariffs and trade tensions on bourbon-related tourism and international visitation, especially from Canada, and officials said they were monitoring the situation with U.S. Travel Association and Brand USA. The committee then heard from Kentucky State Parks officials on capital projects funded through HJR 76, HJR 56, and House Bill 6. They said they are providing quarterly project reports and have been meeting regularly with the Finance Cabinet’s engineering and contract staff. The presentation focused on campground utilities, broadband, and structural upgrades, including $40 million for campground improvements across the park system, with completed bathhouse renovations at Barren River and Nolin Lake and additional projects underway or in planning. Officials said the work is based on camper survey feedback, such as requests for better Wi-Fi, sewer and electric upgrades, frost-free spigots, and improved site layouts, and noted that the My Old Kentucky Home campground project is under construction and expected to be completed by spring 2026.

Transcript Highlights:

• This is a research and development ecosystem bill.
• This is to help a lot of our small towns with their biggest challenge when it comes to development, which
• shall impose through contracts between the governing body and the applicant of the proposed master development
• So that's a fundamental difference between what was not approved by the people.
• I think in a lot of our communities across the state, there is a need for new development and homes being

Bills: SB1530, SB1579, SB1778, SB1847, SB1990, SB1992, SB2060

Keywords: research funding, development rebate, Oklahoma Department of Commerce, tax incentives, higher education partnerships, property tax, valuation increase, taxpayer rights, homestead, protest process, reading instruction, literacy, educational equity, intervention services, third grade retention, Strong Readers Act, Medicaid, ADvantage Waiver, home-based services, eligibility criteria

Bills: HR175, HCR81, SB105, SB290, SB304, SB374, SB522

Keywords: TOPS, education funding, workforce development, postsecondary education, Louisiana Works, tech training, declining enrollment, public schools, school districts, Louisiana Department of Education, state superintendent, school closures, budget cuts, teacher layoffs, school consolidation, education policy, enrollment decline, birth rates, migration, private schools

Transcript Highlights:

• negotiations with developers? negotiations with developers? >> Um,<00:19:07.360> no.
• So I guess what you’re saying is developers have any developers um done projects under that alternate
• So I guess what you’re saying is developers have any developers um done projects under that alternate
• This is their vehicle to move the housing ladder. is developers have any developers um is developers
• . developers. developers.

Bills: SB2060, SB2063, SB2062, SB2069, SB2070

Keywords: rental housing revolving fund, HHFDC, Hawaii Housing Finance and Development Corporation, mixed-income housing, mixed-income rental project, affordable housing, low-income housing, housing finance, housing development, preservation, rehabilitation, pre-development, construction financing, equity investment, credit enhancement, collateral, gap financing, area median income, AMI, perpetual affordability

Summary: The committee heard five housing measures, with the chair announcing that SB 2060, SB 2063, SB 2062, and SB 2069 were works in progress and that decision-making would be deferred to February 3. SB 2060 would allow HHFDC, with Finance approval, to transfer money within the rental housing revolving fund and its subaccounts without further legislative authorization, including a transfer to the mixed-income subaccount for FY 2026-2027. HHFDC and other supporters said the change would give the agency more flexibility to move projects forward, while Catholic Charities Hawaii and a testifier from Roars and Cares supported the bill but warned that shifting money away from lower-income housing could weaken efforts to serve households under 80% of area median income and people at risk of homelessness. HHFDC said the fund’s uncommitted balance was about $100 million and that demand exceeded available resources. SB 2063 would revise the mixed-income subaccount by changing project priorities, adding new criteria, allowing transfers within the subaccount without legislative approval, and directing conveyance tax revenues into the subaccount. HHFDC, OPSD, LURF, Hawaii Appleseed, Housing Hawaii’s Future, Stanford Carr Development, and Roars and Cares supported the measure, while Catholic Charities urged the committee to keep rental and for-sale housing policy separate and to use other mechanisms for homeownership. Catholic Charities said the rental housing revolving fund should remain focused on rentals, and that for-sale initiatives should be addressed separately. The chair indicated an intent to defer the bill for further edits. SB 2062 would make the dwelling unit revolving fund equity pilot a permanent HHFDC program, allowing the agency to buy equity in for-sale developments to lower initial purchase prices and require repayment through shared appreciation. HHFDC said the pilot had been successful, with 83 units committed and $7.6 million of the $10 million program cap already committed, and said permanence would let the agency pair the program with DERF loans earlier in project financing. The chair said SB 2069 would be used as the vehicle for amendments to the DERF equity program and related changes. SB 2069 would authorize HHFDC to use existing dwelling unit revolving fund balances for the equity pilot; it drew support from HHFDC and several housing organizations. SB 2070 would create a permanently affordable for-sale housing program by replacing the current 10-year buyback restriction with a resale price cap tied to an appreciation index, which HHFDC said would preserve affordability while allowing owners to build equity. In questioning, senators pressed HHFDC on whether the bill was necessary, whether it would remove first-time homebuyer and other ownership restrictions, and whether the new program was truly “permanently affordable” if not tied to AMI. HHFDC said the current statutory restrictions limit flexibility, that the proposal would expand access to local residents, and that the price cap would be based on about 4.5% annual appreciation. Supporters said the approach would help buyers move up the housing ladder, while some senators expressed concern that it could open the program to owners of multiple properties and that the committee should see sales-velocity data on existing restricted units before proceeding.

Transcript Highlights:

• are approved by the board. are approved by the board.
• So when we develop an RFP looks like.
• <00:22:31.440> to stop and get leadership um approval to stop and get leadership um approval
• more housing units are being developed more housing units are being developed with<00:55:15.760>
• Thank you. >> Uh, Representative Norris. developer who wants to do 40 homes and developer who wants to

Bills: SF2434

Keywords: housing, development fund, affordable housing, Minnesota Housing Finance Agency, expenditure provisions

Transcript Highlights:

• College is really critical and I've had the same mentors throughout my development, from my undergrad
• We work together and combine our expertise when we hire faculty and develop curriculum.
• Thank goodness we have a well-rounded curriculum developed by faculty experts.
• This bill does not help develop workforce skills.
• These last two skills were not developed in the engineering classes I took, but were rather developed

Bills: SB 37

Keywords: fetal development, education, public health curriculum, middle school, age-appropriate instruction