Transcript Highlights:

• But statute requires all other capital projects to notify the legislature that they are ready to
• Finally, it clarifies the process for capital grants.
• This reflects current capital grants.
• capital projects under chapter 16A.
• for capital projects follow regulations for capital projects under<00:10:44.600> chapter<00:10

Keywords: 1187, senate, all

Transcript Highlights:

• The capital equipment sales tax exemption will create tax equity and aid the hospitality industry in
• The capital equipment sales tax exemption will create tax equity and aid the hospitality industry in
• The capital equipment sales tax exemption will create tax equity and aid the hospitality industry in
• The capital equipment sales tax exemption will create tax equity and aid the hospitality industry in
• The capital equipment sales tax exemption will create tax equity and aid the hospitality industry in

Keywords: 1187, senate, all

Transcript Highlights:

• This operation has the capital and they want to expand, and so seeing at a time when we can't find eggs
• This operation has the capital and they want to expand, and so seeing at a time when we can't find eggs
• This operation has the capital and they want to expand, and so seeing at a time when we can't find eggs
• This operation has the capital and they want to expand, and so seeing at a time when we can't find eggs
• Because they don't have the capital, this operation has the capital and they want to expand, and so seeing

Keywords: 912, senate, all

Summary: The Senate Agriculture and Environment Committee heard five bills on January 24, 2025. SB 1 would phase out disposable air filters and require reusable air filters by 2030; testimony was limited, with one supporter urging clearer definitions of fiberglass and paper and several opponents listed, and the committee later deferred the bill indefinitely for lack of support testimony. SB 13 would create an aquaculture investment tax credit beginning in 2026; state agencies and several industry groups supported it, while the Tax Foundation raised concerns about loose definitions, internal inconsistencies, and blanks that made the bill hard to estimate or vet. The committee passed SB 13 with amendments and technical changes, and deferred its effective date to July 1, 2015 as stated on the record. SB 177 would shift aquatic livestock import and movement permitting to the Department of Agriculture’s Animal Industry Division, require a risk-based assessment and biocontainment standards, and seek a $1 million appropriation for research and staffing. The Department of Agriculture said the bill would help expand aquaculture while managing risks to native species; aquaculture and farm groups supported it, while Animal Rights Hawaii was listed in opposition. The committee passed SB 177 with amendments, blanking the appropriation for committee report consideration, and deferred its effective date to July 1, 2050. SB 184 would raise the beverage container deposit and refund from 5 cents to 10 cents. Supporters said the higher deposit could improve recycling and environmental outcomes, while opponents, including the Tax Foundation, cited fraud concerns, the program’s existing fund balance, and practical challenges in redemption; the Department of Human Services also noted potential impacts on blind vendors. The committee took the bill up but deferred decision-making until Monday, January 27, 2025, at 10:01 p.m. in Room 224. The committee also heard SB 250, which would increase the income tax credit for interisland transportation costs for agricultural products. Agricultural and industry witnesses supported the bill as a way to offset rising shipping costs and preserve access to markets, while the Tax Foundation preferred direct appropriations over tax credits and objected to missing bill details. The committee passed SB 250 with amendments from the Department of Agriculture and deferred its effective date to July 1, 2050. Separately, a joint hearing on SB 240, the Right to Farm bill, drew mixed testimony: the Department of Agriculture supported further study and raised concerns about the bill’s fragmented approach, while farm, cattle, and other industry witnesses split between support for protecting customary Native Hawaiian subsistence farming and opposition to excluding CAFOs and certain business structures. No vote was taken on SB 240 in the portion provided.

Transcript Highlights:

• And number three, extensive capital investment, again, just speaking about the wireless industry, $29
• And private capital spending is at record levels.
• The cost for capital in particular was some of our regulations that are in place.
• , the Capital Region Coalition for Digital Inclusion.
• We're the capital of the fifth largest economy in the world.

Summary: The Assembly Communications and Conveyance Committee held an informational hearing on the state of broadband affordability in California. Chair Tasha Berner said the committee was examining how broadband prices, access, and affordability are affecting households, especially after the end of the federal Affordable Connectivity Program and amid concerns about federal resistance to state broadband regulation. She noted the committee’s continued interest in policy options for 2026 and referenced prior legislation, including AB 353, that would have required affordable home internet as a condition of doing business in California. Industry witnesses from U.S. Telecom and CTIA argued that broadband and wireless prices have generally fallen in real terms even as inflation and other household costs have risen, citing competition, infrastructure investment, and faster speeds as the main drivers. They said California’s higher costs are tied to permitting delays, taxes, copper theft, and legacy obligations such as COLR requirements, and they urged the Legislature to preserve market incentives, reduce fees and regulatory burdens, and support infrastructure deployment. They also discussed fixed wireless access, federal BEAD funding, and Universal Service Fund reform, arguing that more entities benefiting from networks, including tech platforms, should contribute to support programs. Consumer and public-interest witnesses presented a different view, saying California still has a serious affordability and adoption problem, especially for low-income households. Sunny McPhee of the California Emerging Technology Fund said broadband adoption has improved dramatically over time, but about 500,000 households remain offline or underconnected and many low-income households still pay above the FCC affordability benchmark. Ernesto Falcon of the CPUC Public Advocates Office said California’s market is losing its competitive edge, with prices higher than in other states and meaningful price pressure coming mainly from fiber competition at the gigabit tier. He said roughly 4.8 million Californians are limited to one gigabit option and estimated that more competition could save consumers more than $1 billion annually. Both witnesses emphasized the need for stronger transparency, targeted subsidies, and a permanent affordability solution, including extending and refining the CPUC broadband Lifeline pilot and advancing SB 716. Public commenters, including representatives from cable providers, nonprofits, and digital equity organizations, largely supported SB 716 and a permanent broadband affordability program. Several urged the committee to remove a cap on the Lifeline program, expand the CPUC pilot, and invest in digital navigators, outreach, and enrollment assistance. The hearing ended without a vote or formal action, after the chair thanked the witnesses and public commenters for their testimony.

Transcript Highlights:

• SJR 59 establishes a constitutionally dedicated permanent endowment to fund the capital infrastructure
• SJR 59 establishes a constitutionally dedicated permanent endowment to fund the capital infrastructure
• TSTC historically has been underfunded for that purpose, with no consistently adequate capital funding
• Members, the primary purpose of this SJR is to create a reliable source for capital funding for TSTC.
• Members, the primary purpose of this SJR is to create a reliable source of capital funding for TSTC,

Summary: The committee heard and discussed several higher education and public school bills. Senator Burwell presented SB 1242 to remove an outdated Coordinating Board approval requirement for Texas State Technical College land and facility acquisitions, and SJR 59 to create a constitutionally dedicated endowment for TSTC capital needs; both drew strong support from industry and workforce groups and were left pending. SB 757, by Senator Middleton, would create a debt-to-earnings accountability system for public college programs, with supporters saying it would protect students from low-value degrees and opponents warning it could unfairly penalize programs with long-term value, especially graduate, medical, and public service fields; it was also left pending. SB 1241, by Senator Millington, would expand acceptable college entrance exams beyond the SAT and ACT, including the Classic Learning Test, and was left pending after testimony from CLT, homeschool, and student groups in support. SB 1085, by Senator Blanco, would let Sul Ross State University offer lower-division courses at its satellite campuses in the Middle Rio Grande region; it too was left pending. The committee then took up a series of public school and higher education measures, voting several out favorably. SB 605, as substituted, limits commissioner approval of charter school expansion amendments for schools under conservatorship or a management team and was reported favorably 9-0. SB 1871 and SB 1873, both by Senator Perry, were revised to narrow teacher immunity, clarify removal and suspension procedures, require periodic review of in-school suspension placements, and align discipline rules; both substitutes were adopted and reported favorably. SB 1872, SB 1874, SB 762, SB 1962, SB 1750, SB 2252, SB 2253, SB 2365, SB 1924, and SB 37 were also considered, with most reported favorably on party-line or near-unanimous votes. SB 1750 would replace a flat charter school facilities funding cap with an attendance-based formula; SB 2252 and SB 2253 address kindergarten readiness, early literacy/numeracy, and educator preparation; SB 2365 concerns student phone use during instructional time; SB 1924 restores local citation authority for certain school offenses and adds reporting, notice, and completion requirements; and SB 37 would expand state oversight of higher education curriculum, governance, faculty senates, and compliance with state law. Other measures heard included SB 769, which would require a Coordinating Board report on barriers faced by students with disabilities in higher education; supporters emphasized the need for better data and accessibility, while witnesses suggested broader reporting on race, disability types, and K-12-to-college transitions. SB 2231 would designate a Free College Application Week in October and was left pending. SB 1878 would modernize the Josie School statute and provide formula funding and aid eligibility for Polytechnic College. SB 1409 would authorize universities to offer self-funded student health benefit plans, with Rice University and Texas 2036 supporting the measure as a way to lower costs and expand coverage. SB 2431 would require universities to give foreign language credit for study abroad programs, SB 2314 would require schools to inform students about opting in or out of record sharing for direct admissions through My Texas Future, and SB 2138 would extend the state’s anti-ESG contracting restrictions to public higher education endowments and governing boards; these later bills were introduced and left pending.

Transcript Highlights:

• The Kentucky Communications Network Authority transmitted their quarterly report for capital projects
• quarterly Authority transmitted their quarterly report<00:03:09.040> for<00:03:09.280> capital
• ><00:03:10.080> projects<00:03:11.080> and<00:03:11.239> pursuant report for capital
• The project was originally approved and reported to Capital Projects and Bond Oversight in January 2024
• The project was originally approved and reported to Capital Projects and Bond Oversight in January 2024

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.

Transcript Highlights:

• The important thing to note is capital allocations and risk allocations are not the same.
• The defendants had filed a counterclaim against MOSERS for delayed payment of a capital call.
• You know, we have to, I think, be sensitive to the fact that we are in the state capital.
• There's probably more retirees in the state capital area than any part of the state.
• are in the state capital.

Keywords: 959, house, all

Summary: The Joint Committee on Public Employee Retirement held a hearing focused on the Missouri State Employees’ Retirement System (MOSERS) and its long-term financial condition. MOSERS staff and its investment consultant reviewed the system’s structure, membership, funding policy, and investment approach. They reported a June 30, 2025 funded ratio of 55.4%, with about $17.4 billion in liabilities and $9.6 billion in assets, and explained that the board certified a 32% employer contribution rate under its minimum contribution policy, up from 30.25%, which will increase state appropriations. They also described the system as mature, with more retirees and inactive members than active employees, and said declining payroll growth has made it harder to improve funding. The presentation emphasized that recent board actions were intended to strengthen the plan over the long term, even though they increased near-term costs. Those changes included lowering the assumed investment return over time to 6.95%, updating mortality assumptions, moving from an open to a closed amortization schedule, and adopting a minimum employer contribution policy. The investment consultant said MOSERS historically used a more risk-balanced asset allocation than many peers, which helped explain weaker relative returns during a long period when public equities outperformed; the board has since shifted toward a more equity-oriented allocation. He said recent performance has improved, with the portfolio outperforming its policy index and ranking better against peers in the short term, though longer-term peer performance remains a concern. Committee members questioned why the funded ratio had declined over roughly 20 years and whether past investment and actuarial assumptions were too optimistic or too conservative. MOSERS officials responded that the current board is trying to correct earlier decisions and that the present strategy is more in line with industry practice. Members also discussed a proposed MOSERS bill package that would automatically refund small balances to terminated non-vested members and increase deferred compensation auto-escalation, with officials saying the refund provision would improve efficiency and return small balances sooner. The committee also briefly discussed ongoing litigation involving Catalyst Capital; MOSERS said attorney fees have been about $20 million so far, the case remains on appeal, and the damages amount is sealed. No formal votes were taken, and the committee adjourned after questions and discussion.

Transcript Highlights:

• Yes, Senator from the Capital City. Thank you, Mr. President.
• Yes, Senator from the Capital City. all. Yes, Senator from the Capital City.
• Senate Bill 283, the President, Maryland Consolidated Capital Bond Loan of 2026, Budget and Taxation.
• This is uh Senate Bill 283, the<00:14:55.200> annual<00:14:55.520> capital<00:14:55.839
• Passed the capital budget. It's like, you know, the budget. All right.

Keywords: Senate streaming session for Wednesday, March 25, 2026, 960, senate, all

Summary: The Senate convened on March 25, 2026, with an invocation by Father Frank Crumble III, who was introduced as the guest of the Senator from the 36th District. The chamber also recognized several guests and groups, including leaders from Cherry Hill on the occasion of the community’s 80th anniversary, Doctor of the Day Maryam Diallo, the Prince George’s County Democratic Central Committee, students from Andrew Jackson Academy, and several women honored for Women’s History Month. Additional recognitions included the Greater Baltimore Committee, Boy Scouts, Tarbiyah Academy, and a Senate intern. The main floor action was a special resolution congratulating the Cherry Hill community on the 80th anniversary of Cherry Hill Homes, a purpose-built community for African Americans returning from World War II. Senators spoke about Cherry Hill’s history, resilience, and recent community investments such as new schools and a recreation center. The resolution was read in full and adopted unanimously. Senate Bill 890, concerning an insurance premium tax receipts exemption for captive insurance procured by nonprofit hospitals and health care systems, was special ordered for another day at the sponsor’s request. The Senate also took up Senate Bill 283, the Maryland Consolidated Capital Bond Loan of 2026. After brief remarks praising the committee’s work and the statewide investment program, the bill passed third reading by unanimous vote. Committee and delegation announcements followed, including Finance, Triple E, and Judicial Proceedings holding House bill hearings at 1:00 p.m., and the Prince George’s County delegation meeting later that day. The Senate then remained in session long enough to confirm a quorum and adjourned until March 26, 2026, at 10:00 a.m.

Transcript Highlights:

• I've spent more time than I ever anticipated on capital security and on gun violence prevention, which
• You mentioned gun violence and capital security. >> I want to give a lot of credit to my colleagues in
• mentioned gun violence and capital security. security. security.
• bonding and infrastructure and capital bonding and infrastructure and capital investments<00:05:
• investment committee had of the capital investment committee had wished<00:05:19.759> for.

Keywords: 1187, senate, all

Transcript Highlights:

• Members, this is the bill we heard previously designated Galveston as the official Juneteenth Capital
• Members, this bill we heard previously designating Pflugerville as the official trail capital of Texas
• Members, this is the bill we heard previously designating Galveston as the official Mardi Gras Capital
• This is a bill we heard previously designating La Salle County as official wild hog Capital of Texas
• Members, this is a bill we heard previously designating Hemphill as official bass fishing capital of

Transcript Highlights:

• Technical adjustments item one is to amend writer to the capital budget and this would increase the capital
• Technical adjustments item one would be amend writer two, the capital budget.
• This would increase the capital budget authority. for their star projects to reflect the increased funding
• Item two is to revise the capital budget rider to update the driver's license office to specify.
• establish for as a coal team. cold case team specifically to improve cold case testing along with capital

Keywords: 1184, house, all

Transcript Highlights:

• And that's been the use of the workforce development, capitalization, incentive grant.
• You talked a little bit about the workforce capitalization grant.
• I they eligible for the capitalization of workforce capitalization grant program to recognize yes. >>
• Thanks to the workforce capitalization grant.
• Capitalization in the Florida Commerce job Growth Grant we're able to offer now thanks to support the

Keywords: 999, senate, all

Transcript Highlights:

• housing developers, having the capital housing developers, having the capital to<00:03:57.920>
• fund, $3 million in startup capital fund, $3 million in startup capital,<00:04:52.160> um<00:
• securing those mortgages and the capital securing those mortgages and the capital to<00:22:35.280
• And this has all been with zero dollars in lost capital.
• been with zero dollars in lost capital. been with zero dollars in lost capital.

Keywords: Meeting Start 00:00:07 Roll Call 00:00:25 Discussion of Lexington’s Housing Affordability Partnership 00:02:26 Discussion of Northern Kentucky’s Housing Blueprint 00:30:12 Discussion of Religious Institution Land Use 00:57:33 Discussion of Free-Market Solutions to Kentucky’s Housing Crisis 01:04:18 Adjournment 01:26:37, 958, all

Summary: The committee met without a quorum and began informally, with members noting this was the final information-gathering meeting on housing before a November meeting to discuss findings and report back to the LRC. The main presentation focused on the Lexington Affordable Housing Partnership, a public-private effort supported by a $10 million state allocation. Presenters described Fayette County’s housing shortage, citing a gap of more than 22,000 units, rising home prices, and the challenge of assembling land and capital for affordable projects. The partnership explained that five local banks created a $3 million capital investment fund to buy and hold land at no interest, with deed restrictions keeping the site at 80% or below area median income and allowing the banks to seek Community Reinvestment Act credit. The first project is a 12.5-acre former Transylvania University baseball field, planned for about 242 units, including detached homes, townhouses, garden-style apartments, and senior housing. Speakers said the project required extensive neighborhood engagement and zoning/development approvals, but that the planning phase is now largely complete and infrastructure work should begin soon. Financing details included roughly $64 million in additional funding through tax credit equity, market-rate loans, city support, Kentucky Housing Corporation resources, and donations from nonprofit partners. Developers said the multifamily bond applications are due to Kentucky Housing Corporation the next day, and they expect the land purchase to be repaid into the revolving fund once the property is entitled and closed, allowing the original $3 million to be redeployed for future projects. They estimated rental units could be filled within about six months of completion, while for-sale units would come online over 12 to 36 months. In discussion, members asked about regulatory barriers and project timelines. Presenters pointed to rising construction costs tied to new federal and state requirements, and one member highlighted the need to continue reviewing planning and zoning reforms to speed development plan approvals and reduce delays. The group also endorsed a possible statewide $20 million housing fund, a residential infrastructure fund, and efforts to avoid additional regulatory burdens on housing development.

Transcript Highlights:

• <00:42:26.319> the money is needed to capitalize the money is needed to capitalize the association
• I believe we're not properly capitalized to start that line of business.
• were requiring huge amounts of capital were requiring huge amounts of capital and<00:59:49.880><
• One of the key components of that is cost of capital.
• There's a certain cost of capital that is incurred.

Keywords: 910, house, all

Transcript Highlights:

• HB 1871 seeks to address the issue by increasing the punishment related to the attempted capital murder
• Also, HB 1871 denies parole to those serving a sentence for attempted capital murder of a peace officer
• I'm here today in support of HB 1871, which increases the penalties for attempted capital murder of a
• Also, the punishment for attempted capital murder is the same as recklessly causing bodily injury to
• I ask that the punishment for the attempted capital murder of a peace officer fit the crime. ...Maybe

Keywords: 1184, house, all

Transcript Highlights:

• Uh, technical adjustments item one is to amend rider to the capital budget, and this would increase the
• capital budget authority for DCS to reflect updated amounts identified by DIR.
• Texas Military Department, technical adjustments item one would be amended Rider to, the capital budget
• Uh, item two is to revise the capital budget rider to update, um, the driver's license office to specify
• Item 11 is to revise the capital budget right to provide an expanded balance authority between biennia

Transcript Highlights:

• expenses include capital Qualifying expenses include capital investments<00:04:34.560> such<00
• And that doesn't even include capital costs, because this bill lets you have a credit also for capital
• that capital to hire that staffing. that capital to hire that staffing.
• And then um there's capital. This is as part of the state capital budget.
• the capital process. the capital process.

Keywords: 1189, house, all

Transcript Highlights:

• concurrent resolution for the capital concurrent resolution for the capital advancment<00:28:59.279
• requirements related to Capital requirements related to Capital advancement<00:29:10.159> contracts
• uh for the maximum value of a capital uh for the maximum value of a capital advancement<00:29:33.320
• HB 1157 relating to capital advancement contracts. I'm going to defer this measure.
• <00:59:46.039> advancement really into Capital advancement really into Capital advancement

Keywords: 910, house, all

Summary: The House Committee on Transportation heard a 10 a.m. agenda covering a range of transportation, liability, harbor, and bicycle-related bills. Testimony was mixed on several measures: HB 263, which would exempt full-time college students from vehicle weight tax, drew opposition from the Department of Transportation and others; HB 135, authorizing general obligation bonds to purchase property on the North Shore of Oʻahu, had support; HB 860, granting immunity to the state or county for repairs on roads with disputed jurisdiction, drew support from DOT, DLNR, and the City and County of Honolulu but opposition from the Hawaii Association for Justice; and HB 996, which would abolish joint and several liability for government entities in highway-related civil actions, also drew strong opposition from the Hawaii Association for Justice and support from the Attorney General’s office and DOT. The committee also heard HB 1167, an emergency appropriation for motor carrier enforcement, and HB 1259, which would remove the need for an engineering study before reducing speed limits within 10 mph of the current limit; both had support from DOT and related groups. HB 1156 and HB 960, both related to harbor financing and capital advancement contracts, were supported by DOT, with DOT explaining that higher bond and contract ceilings were needed because project costs have increased since the limits were set decades ago. HB 142, exempting certain nonprofit community-based transportation providers from motor carrier regulation, and HB 914, creating a water carrier inflationary cost index mechanism and allowing PUC exemptions, also received support from multiple stakeholders, with the Consumer Advocacy Division noting that the inflationary adjustment issue was already active in a rate case. The committee also took testimony on several electric bicycle and micromobility bills. HB 486 would restrict where electric bicycles may operate, prohibit unsafe operation and removal of speed-limiting devices, and fund a safety education campaign; it drew opposition from the Hawaii Bicycling League and several individuals, with one supporter. HB 435 would redefine and classify electric bicycles, raise the minimum operating age, and add registration and use rules; it was supported by DOT and the Hawaii Bicycling League, with one individual opposing. HB 958 would regulate motorized bicycles and electric micromobility devices, require helmets for minors, and fund a coordinated education campaign; it drew support from the City and County of Honolulu, Council Member Tyler Dos Santos-Tam, and the Hawaii Bicycling League, but opposition from Moped Doctors and others, who argued the bill could harm the moped industry and that more study was needed. After testimony, the committee recessed and then reconvened for decision-making. In decision-making, the committee deferred HB 263 and HB 996. It passed HB 135, HB 860, HB 1167, HB 1259, HB 1156, and HB 960 with amendments, generally adopting HD1 versions, making technical changes, and setting effective dates to July 1, 3000 for the amended measures. The chair explained that HB 263 was deferred because a blanket tax exemption for one class could create inequities and a tax credit might be a better approach. HB 996 was deferred because the chair said the state’s long-standing policy of ensuring safe roads and maintaining accountability for highway design and maintenance remained important. For HB 960, the chair said the current contract caps were too low for modern harbor projects and that higher limits would improve flexibility and efficiency. The committee also noted Representative Cochran was excused for the remaining votes.

Transcript Highlights:

• So with the Transit and Intercity Rail Capital Program— With the Transit and Intercity Rail Capital Program
• In the TIRCP— In the TIRCP program, it is a competitive capital program, right?
• In the TIRCP program, it is a competitive capital program, right?
• And to what extent this is both an operations and capital— is the capital in this process, both in operations
• and capital, is the capital in this program more directed towards lowering operation and maintenance

Summary: The Budget Subcommittee No. 4 hearing focused on the Greenhouse Gas Reduction Fund (GGRF) and cap-and-trade reauthorization, with members and panelists discussing how to balance climate goals, affordability, and legislative oversight. The chair emphasized the hearing as a broad review of past GGRF spending and future options, while the LAO outlined how GGRF revenues are generated, how variable they have been, and the tradeoffs between continuous appropriations and annual budget control. Two academic panelists, Dr. Kyle Meng and Danny Cullen Ward, argued that cap-and-trade remains an effective climate policy, but stressed that future revenue will depend heavily on market design, allowance allocation, and price levels. They also raised the idea that GGRF could be used more directly for affordability, especially by lowering electricity costs, and for targeted investments in technologies that the market would not otherwise support. Committee members pressed the panelists on where revenues come from, how much has actually been spent, and whether continuous appropriations reduce oversight. CARB staff said more than $33 billion has been generated to date and a little over $11–12 billion has been spent, with the rest committed or in process, and noted that project timelines can be lengthy. Members also asked about ways to lower electricity rates, reduce wildfire-related utility liabilities, and support electrification. The panelists said transportation fuels are the largest source of GGRF revenue, that industrial emitters receive a smaller share of free allowances, and that reducing wildfire liability and investing in grid-scale batteries could help lower costs and speed decarbonization. Public commenters largely urged the Legislature to preserve or expand continuous appropriations for specific climate programs. Speakers supported funding for nature-based solutions, natural and working lands, urban greening, agricultural climate solutions, waste and composting programs, clean transportation, AB 617 community air protection, clean cars, transit, affordable housing near transit, and dairy digesters. Several groups argued these programs are cost-effective, provide public health and affordability benefits, and should receive dedicated shares of GGRF. Others urged reducing free allowances and using more GGRF revenue to directly lower energy costs for households. No votes were taken during the hearing.

Transcript Highlights:

• Access to capital is very important.
• Access to capital is very important.
• Access to capital is very important.
• Access to capital is very important.
• Access to capital is very important.

Keywords: 912, senate, all

Summary: The committee heard multiple gubernatorial confirmation nominations, beginning with GM509 for Jay Stone to the Environmental Advisory Council. The Office of Planning and Sustainable Development and other supporters praised Stone’s more than 30 years of engineering experience and said he would help balance environmental protection with economic development. Stone said he wanted to contribute to environmental health and sustainability, and identified sea level rise and PFAS in drinking water as key concerns. The committee then moved to GM531 and GM532, nominations of Judson Leair and Nicholas Ta to the Advisory Committee on Pesticides. The Department of Agriculture and Hawaii Farm Bureau supported both nominees. Leair emphasized his farming background and said pesticide policy should be more comprehensive, selective, and threshold-based rather than relying on broad-spectrum use; Ta said he would focus on integrated pest management, label compliance, education, and using the least amount of pesticide necessary, including non-chemical alternatives such as exclusion and behavior changes. The committee next considered GM533, Janet Ashman’s nomination to the Advisory Committee on Pesticides. The Department of Agriculture, the Coordinating Group on Alien Pest Species, and the Hawaii Farm Bureau all supported her, citing her experience, responsiveness, and prior service. Ashman said she wanted to help make pesticide regulations more understandable and stressed targeted pest control, scouting, and more precise products. Members asked about the complexity of pesticide regulations and the shift away from broad-based pesticide use; Ashman explained that regulations are complicated for both farmers and homeowners and that newer, more targeted products are needed as pests develop resistance. The committee then heard GM57 for Don Hegger Nordl to the Environmental Advisory Council. Supporters said she has environmental planning experience and knowledge of Chapter 343 and related rules. Nordl said she could bring state, county, and federal experience to the council and identified the need for more volunteers and broader professional representation as the council’s biggest challenge. Finally, the committee took up GM697, Dean Matsukawa’s nomination as deputy director of the Department of Agriculture. The Department of Agriculture, the Hawaii Farm Bureau, and several other testifiers strongly supported him, highlighting his 30 years with the department, his family farming background, and his understanding of farmers’ needs, especially access to capital and biosecurity challenges. Testifiers said he is calm, logical, experienced, and already familiar with the department’s work. Matsukawa was described as a reluctant nominee who was sought out for the role. The transcript does not show any final votes or committee action on the nominations during the portion provided.