Transcript Highlights:

• relating to Texas Education Agency data base of school district and open enrollment charter school bonds
• taxes and bond related projects HB 501 9 by quickly own relating to school district contracts certain
• HB 42 by Wilson, relating to the amount and allocation of the annual constitutional appropriation of
• So besides stocks and bonds and that type of investing, do you think it makes sense to invest in people
• HB 2697, Bianchia, relating to certain procedures in connection with a bond forfeiture.

Bills: HJR34, HB 113, HB184, HB198, HB247, HB367, HB449, HB1778, HB514, HB576, HB632, HB1395, HB2225, HB2582, HB2494, HB766, HB2715, HB2712, HB3069, HB3505, HB 1269, HB4224, HB3609, HB5032, HB2240, HB5180, HB3348, HB4668, HB4909, HB4665, HB4895, HB3395, HB3157, HB4762, HB4395, HB4325, HB4952, HB4386, HB4273, HB2760, HB2697, HB2820, HB1828, HB1768, HB1579, HB1773, HB1871, HB2035, HB2448, HB2492, HB1411, HB4753, HB4666, HB4529, HB1499, HB1610, HB2028, HB1506, HB886, HB3546, HB796, HB223, HB1475, HB3556, HB4638, HCR126, HB38, HB 104, SB1008, SB1106, SB1172, SB2629, SB2964, SB616, HB2214, SB552, HB3181, HB3628, HB589, HB3529, HB3354, HB333, HB2914, HB4130, HB4131, HB24, HB 1160, HB3962, HB4115, HB2295, HB5398, HB1407, HB3800, HB2613, HJR138, HB42, HJR34, HB 129, HB677, HB426, HB668, HB1699, HB2017, HB2128, HB2038, HB3783, HB3717, HB2316, HB3686, HB2563, HB3883, HB4021, HB2788, HB2663, HB3305, HB3173, HB3474, HB 1105, HB3531, HB3490, HB3597, HB 1295, HB3512, HB3010, HB3112, HB4215, HB3223, HB3464, HB3120, HB4214, HB4511, HB3704, HB4081, HB4783, HB4063, HB2783, HB4937, HB5085, HB2510, HB3426, HB4361, HB 1169, HB2516, HB2347, HB4034, HB4700, HB3560, HB5150, HB3860, HB3146, HB3924, HB 113, HB184, HB198, HB247, HB367, HB449, HB1778, HB514, HB576, HB632, HB1395, HB2225, HB2582, HB2494, HB766, HB2715, HB2712, HB3069, HB3505, HB 1269, HB4224, HB3609, HB5032, HB2240, HB5180, HB3348, HB4668, HB4909, HB4665, HB4895, HB3395, HB3157, HB4762, HB4395, HB4325, HB4952, HB4386, HB4273, HB2760, HB2697, HB2820, HB1828, HB1768, HB1579, HB1773, HB1871, HB2035, HB2448, HB2492, HB1411, HB4753, HB4666, HB4529, HB1499, HB1610, HB2028, HB1506, HB886, HB3546, HB796, HB223, HB1475, HB3556, HB4638, HCR98, HCR92, HCR126

Keywords: HJR 34, constitutional amendment, Texas Constitution, ad valorem tax, property tax exemption, real property, border counties, U.S.-Mexico border, United Mexican States, border security, border security infrastructure, landowner, county tax base, local government, tax relief, property value increase, infrastructure improvements, voter approval, November 2025 ballot, statutory construction

Transcript Highlights:

• either entirely or at least partly funded by public dollars, tax revenues, financial obligations, TIF, bonds
• revenues, financial obligations, tiff, revenues, financial obligations, tiff, um<00:02:10.399> bonds
• other<00:02:11.280> other<00:02:11.599> debt<00:02:11.840> obligations, um bonds
• , other other debt obligations, um bonds, other other debt obligations, things<00:02:12.720> like<
• they ask the city employees and councils to sign NDAs and promise water from the domestic water allocation

Bills: HF4077, HF3798, HF3886

Keywords: municipal nondisclosure agreement, NDA, public records, transparency, local government, county, city, town, school district, housing and redevelopment authority, economic development authority, port authority, economic development, land development, public financing, tax increment financing, TIF, abatement, municipal bonds, debt obligations

Transcript Highlights:

• This tax credit allows us to talk to new donors who are thrilled to allocate their state tax dollars
• <00:09:56.959> their<00:09:57.279> state who are thrilled to allocate their state who
• are thrilled to allocate their state tax<00:09:57.839> dollars<00:09:58.720> to<00:09:
• <01:11:23.120> Thank another and maintain strong bonds.
• Thank another and maintain strong bonds.

Bills: HF3902, HF3895

Keywords: housing tax credit, Minnesota Housing Finance Agency, qualified projects, taxpayer contributions, greater Minnesota, zoning, housing, local government, multifamily development, affordable housing, land use, urban development, 1183, house

Transcript Highlights:

• For me, after the 2023 session, I was a part of the housing team that toured as well as bonding with
• housing team that toured as well<00:59:08.559> as<00:59:09.039> um<00:59:09.440> bonding
• well as um bonding with representative scraba<00:59:11.079> we<00:59:11.200> went<00:59
• <01:19:52.719> two<01:19:52.880> years<01:19:53.120> ago this body uh allocated
• two years ago this body uh allocated two years ago this<01:19:54.280> proposal<01:19:54.840><

Keywords: 1183, house

Transcript Highlights:

• We have come to love them, and we're afraid we may not have the same bond with neighbors if or when we
• and we're afraid we may not have<01:33:29.600> the<01:33:29.760> same<01:33:30.040> bond
• with<01:33:30.600> neighbors<01:33:31.480> if<01:33:31.960> or have the same bond
• with neighbors if or have the same bond with neighbors if or when<01:33:32.520> we<01:33:32.719
• back to 50% for increase the allocation back to 50% for rental<02:21:31.880> involving<02:21:

Keywords: 910, house, all

Summary: The House Committee on Housing held a public hearing and moved quickly through a long agenda, beginning with HB 606 on the Department of Hawaiian Homelands. DHHL and several community testifiers strongly supported the bill, describing it as a way to fulfill long-standing promises to Native Hawaiians, reduce the DHHL waitlist, keep families in Hawaii, and support housing production and the broader economy. Testifiers emphasized the cultural and economic importance of stable housing and noted the large number of people still waiting for DHHL homes. The committee then heard HB 1086, also relating to DHHL, which would allow the department to use a $75 million appropriation from the dwelling unit revolving fund as collateral for loans. DHHL, HHFDC, and other supporters said the measure would help DHHL obtain better loan terms and preserve trust funds for other uses. Members asked detailed questions about how the collateral would work, whether other agencies use similar structures, and what would happen if the collateral were drawn upon; staff explained that the funds would be encumbered for the loan and that a similar model had been used for a HUD-backed project. The committee also heard HB 739, which would create the COM homes program to fund counties to buy voluntary deed restrictions from eligible homeowners or buyers. Supporters said the program could help keep local workers in Hawaii by using existing housing stock and cited examples from places like Aspen and Vail. The Attorney General’s office recommended amendments to remove duration requirements to avoid right-to-travel concerns, and the Tax Foundation suggested clarifying the conveyance tax exemption so it also covers the instrument imposing the restriction. Members asked whether tax dollars would be used to buy homes, who would be eligible, and how enforcement would work; supporters said the program is voluntary and income-blind, with restrictions tied to living and working in the state. No votes were taken during the hearing.

Transcript Highlights:

• The last area is lump-sum bond funds to continue long-term improvements in our facilities throughout
• We've been continuing to try and care for them over the years, and this lump-sum bond funding helps us
• funds to continue long-term bond funds to continue long-term improvements<01:16:37.199> in<01
• <01:16:57.239> funds<01:16:57.560> helps um and so this lumpsum bond funds helps um
• <06:16:28.040> funds there CIP and their longer bond funds there CIP and their longer bond

Keywords: 910, house, all

Summary: The Committee on Finance received an informational briefing from the Department of Law Enforcement on its priorities following the January 1 transfer of law enforcement assets into the department, including the sheriff’s division, narcotics enforcement, criminal investigations, homeland security, and the inspector general’s office. DLE said its goals are to improve public safety, accountability, communications, training, and standards. The department outlined planned initiatives such as stronger federal partnerships, narcotics and gun-violence enforcement, an agricultural crime unit, traffic and commercial vehicle enforcement, an explosive/fireworks enforcement section, gun buybacks, new police facilities in the airport area, Aahu, and the leeward side, a state training center, upgraded law-enforcement IT, and efforts to narrow salary gaps with county departments to improve recruitment. A major portion of the discussion focused on illegal fireworks enforcement after the recent explosion tragedy. DLE said its current task force is small and relies on ad hoc support from HPD, the Attorney General’s office, criminal investigations, and sheriffs, which is not sustainable. The department requested eight FTEs for the effort—one administrator, two clerical staff, and six investigators—plus funding for a laboratory, equipment, storage, disposal, vehicles, safety gear, and a criminalist. DLE said the explosive enforcement section would use an existing facility and that the initial lab startup cost is about $2 million. Members asked for follow-up materials, and DLE said it would send the explosive enforcement forms and additional details to the Finance and Judiciary chairs. Members also questioned staffing vacancies, interagency coordination, and whether new specialized units could be filled. DLE said it has about 119 vacancies and that recruitment is hindered by a roughly $28,000 starting pay gap with county police departments; academy classes are down to about 12 to 14 recruits. The department said it is streamlining hiring, using QR-code recruitment, and hopes specialized units will attract applicants. On coordination, DLE said it works closely with HPD and other agencies on operations such as fireworks enforcement and public events, and that DOCARE remains a case-by-case partner but is not currently moving into DLE. The committee also received updates on the Silver Alert program, which is nearing rollout with county MOUs and a coordinator expected later in the month, the special duty officer program, which is being moved to a web-based vendor-managed system at no cost to the department, and the SaferWatch school safety system, which is being deployed statewide with annual software costs of $3,500 per school in the first year and $2,500 thereafter. No votes or formal actions were taken.

Transcript Highlights:

• I rise today in strong support of Amendment 49, which allocates $2.5 million of the $35 million in this
• But basically, this amends a provision in the recently enacted economic bond bill that required federal

Keywords: 995, all

Summary: The Senate considered a series of amendments to a supplemental appropriations bill and related measures, with several adopted and several rejected or withdrawn. Early amendments on equitable approaches to public safety and a Holyoke local account clarification failed, while amendments providing $2.5 million for Massachusetts League of Community Health Centers technical assistance and expanding access to gender-affirming medications and mifepristone were adopted. The chamber also adopted a technical amendment on alternative protein grants, a clarification to ETF modernization, and an energy storage systems amendment. Other proposals on homeowner protections, La Casa funding, emergency contract reform, an energy dashboard, EV charging ratepayer impacts, hate crimes, distressed hospital payments, and task force membership were rejected or withdrawn. A substantial portion of the debate focused on health care, food assistance, and public safety. Senators spoke in support of funding for community health centers, hospital relief, and EBT anti-skimming protections, including $15.5 million for chip-enabled EBT cards and related replacement-benefit support. One amendment to strengthen protections against impersonating federal officers was rejected, while another on professional protections was withdrawn after discussion of ballot address privacy and security concerns. The Senate also adopted amendments to continue prior appropriations for a North Shore food pantry and drought management efforts, and it later approved a sick leave bank for a Department of Mental Health employee. The chamber then took up the fiscal year 2025 fair share supplemental budget conference report, which Ways and Means described as $1.39 billion in spending split between transportation and education, including MBTA improvements, Chapter 90 aid, regional transit authorities, special education circuit breaker reimbursements, higher education deferred maintenance, and career technical education capital grants. After a roll call, the bill passed, with one recorded negative vote. The Senate also adopted a separate Ways and Means amendment and ordered the bill to third reading before final passage. The session ended with adjournment motions and a moment of silence honoring Melissa and Mark Hortman and other victims of political violence, along with a memorial adjournment for firefighter Jeffrey DeSanchez.

Transcript Highlights:

• I don't know of many development plans where we're allocating 60% of the project to conservation.
• With regard to auto bonds concerns, line 277, it clearly states that the plan must be recorded.

Summary: The Intergovernmental Affairs Subcommittee heard a full agenda of local and policy bills, with most measures receiving favorable reports. Early in the meeting, the committee approved HB 4019, capping Lake County inmate health care and emergency transport reimbursements at percentages tied to Medicare; HB 97, allowing small counties to opt back into transportation concurrency; HB 267, expanding SHIP/local housing assistance eligibility to mobile home owners paying lot rent; HB 351, creating a framework for concurrent state jurisdiction over certain matters involving military installations, with an amendment changing the bill to say the state “may accept” jurisdiction; HB 4013, revising and merging fire district boundaries in Lee County; HB 481, increasing public nuisance fines and strengthening nuisance abatement and foreclosure procedures; HB 4025, conveying state land to the Village of Tequesta for continued park use; and HB 4017, repealing an obsolete Nassau County recreation and water control district, as amended. The most extensive discussion centered on HB 299, the “Blue Ribbon Projects” bill, which would create a voluntary framework for very large developments that dedicate 60% of land to conservation while allowing compact, walkable development and affordable housing on the remainder. The sponsor argued it would balance growth, conservation, and housing affordability without new bureaucracy, while opponents from Audubon Florida, county groups, and local governments warned the bill could weaken local planning, lack enforceable conservation safeguards, and allow nonconservation uses within reserved areas. Supporters said it could preserve large tracts of land at no taxpayer cost and improve long-range planning. The committee adopted an amendment clarifying reserve areas, allowing use of the state’s Rural and Family Lands Protection Program, requiring easements be provided without charge, and aligning affordability definitions with existing programs. The bill then passed favorably as amended, with some members voting no. The committee also approved HB 4023, a local bill adjusting the boundaries of the Ave Maria Stewardship Community District in Collier County, with no change to the district’s powers and duties. Several bills drew supportive testimony from local officials, industry groups, or affected residents, and some had amendments adopted without objection. At the end of the meeting, the chair noted it was the last interim committee week meeting, thanked members and staff, and encouraged continued stakeholder engagement ahead of session.

Transcript Highlights:

• So, it's up to us to decide how we're going to allocate these funds.
• allocation formula. allocation formula.
• unprocessed marijuana that is allocated unprocessed marijuana that is allocated to<04:39:27.801>
• <04:39:49.640> for that is allocated for that is allocated for direct<04:39:51.120> sale
• This is just giving bonding authority for the Guggenheim Hall. Ask for a yes vote. Thank you.

Keywords: 981, all

Transcript Highlights:

• Tax savings will help owners allocate more funds for capital improvements, money going back into Massachusetts
• Tax savings will help owners allocate more funds for capital improvements, money going back into Massachusetts
• Other states like New York allocated more than $7 billion for that state's UI problem, yet still no action
• You issue bonds to finance investments in things like the life sciences.
• Well, those bonds cost money in terms of interest, and what they cost is based on our credit rating.

Keywords: 995, all

Summary: The Special Joint Committee on Initiative Petitions held a public hearing on two proposed ballot initiatives: one to reduce the state personal income tax rate from 5% to 4% over three years, and another to revise the state’s tax collection cap/62F process so it would be based on prior-year collections plus wage growth and include surtax revenue. The committee chair and House co-chair outlined the hearing process, and the first witness was Doug Howgate of the Massachusetts Taxpayer Foundation, who testified as the committee’s subject-matter expert on both measures. He said the income tax proposal would lower taxes broadly but would reduce state revenue by about $5.4 billion when fully implemented, with an estimated $800 million hit in FY27, and he discussed possible effects on competitiveness, taxpayer savings, and public finances. On the 62F proposal, he said the revised cap would make refunds more likely, could have produced several large refunds in recent years, and would reduce stabilization fund deposits and constrain recovery after recessions. Committee members questioned Howgate about competitiveness, outmigration, prior tax ballot measures, spending growth, MassHealth, and the interaction between the income tax and surtax. He emphasized that taxes are only one part of the state’s overall competitiveness and that housing, public services, and other factors also matter. He also noted that the surtax is constitutionally restricted but can still support ongoing spending choices. After his testimony, the committee moved to the proponents’ panel. Proponents of both initiatives, including representatives from Taxpayers for an Affordable Massachusetts, the National Federation of Independent Business, Pioneer Institute, and the Mass Opportunity Alliance, argued that the measures would improve affordability, help retain residents and businesses, and support job growth. They cited polling support, outmigration, small-business reinvestment, and comparisons to lower-tax states such as North Carolina. Their economist, Rebecca Paxton, said her model showed smaller revenue losses than critics claim and projected that the revised revenue cap would not create additional annual revenue losses while producing more regular taxpayer refunds. Committee members pressed the panel on competitiveness, prior ballot initiative implementation, and whether the measures would actually address broader affordability pressures; the hearing ended with the committee continuing to take questions from the proponents.

Transcript Highlights:

• $250,000 are considered public improvements and require the hiring of an architect and engineer, the bonding
• When we do a lot of the bond investigations for some of these fraud, these are almost always local governments
• are basic time-and-motion studies to determine where judges are needed and where they should be allocated
• To determine where judges are needed and where they should be allocated. to determine where judges are
• needed and where they should be allocated.

Summary: The task force reviewed survey results from state agencies on potential statutory revisions, with Levi reporting 70 proposals from 20 agencies and noting that about 33 might become agency pre-file bills. Members discussed the need to share the survey more broadly within higher education and to better coordinate issues involving IT and other cross-agency functions. The task force then heard from the Office of Management and Budget on three topics: concessions, architect/engineering pre-qualification, and legal notices. OMB said the concessions law is outdated and inconsistent with current practice, and suggested a collaborative rewrite to allow best-value evaluation, raise the threshold, and standardize solicitation templates. On architect/engineering pre-qualification, OMB proposed expanding authority beyond current state-agency limits and creating uniform templates. On legal notices, OMB proposed modernizing publication requirements, exploring online and abbreviated notices, and working with newspapers and other stakeholders on technology and accessibility improvements. Members asked about where concession revenues go, whether political subdivisions must follow the same rules, and how to move from discussion to action. The task force agreed to have OMB work with Legislative Council and affected stakeholders to develop bill drafts, and the motion passed unanimously. The University of North Dakota then presented a series of proposed revisions focused on public buildings and procurement. UND asked to rework the definition of construction so routine maintenance and one-for-one replacements over $250,000 would not automatically trigger public-improvement requirements, suggested raising the threshold to $500,000, and asked for more flexibility based on project complexity and risk. UND also proposed changes to public bid advertisements to reflect electronic bidding, revisions to construction manager-at-risk selection criteria, changes to architect/engineer procurement rules, an increase in the direct-hire design threshold, and a higher legislative-consent threshold for privately funded projects. The task force supported having UND work with counsel and OMB to develop bill drafts, and that motion also passed. The Department of Public Instruction concluded with proposed cleanup to credentialing and education statutes. DPI recommended reviewing its credential categories for relevance, possibly transferring credentialing authority to the Education Standards and Practices Board, removing outdated school safety patrol language, clarifying waiver provisions, and updating dyslexia screening reporting requirements so the statute reflects current practice. Members focused mainly on whether the dyslexia reporting requirement should remain, and DPI said the screening itself would continue even if reporting language were revised. No votes were taken on DPI’s suggestions, and the task force recessed after the presentation.

Transcript Highlights:

• This is the legislative budget that allocates money to the departments that we do in the executive committee
• The previous bill allocated the money over.
• The budget that allocates money to the departments that we do in the executive committee.
• The previous bill allocated the money over.
• They'll be able to access new funds through bonding. They'll be a consistent source.

Keywords: 981, all

Transcript Highlights:

• They say the state is funding that, but this bond money does not allow nonprofits that are Black and
• So, from the millionaire's tax, the state receives a certain portion of that funding to allocate as it
• Ninety million dollars of Proposition 35 funding that's allocated for abortion and family planning services
• But my understanding was the funding that was allocated for that department for diaper banks was one-time
• So the initial CalRx allocation was $50 million to manufacture three different biosimilar insulin products

Summary: The Assembly Budget Subcommittee on Health held an informational hearing on the Governor’s May Revision, focusing first on the Commission on Behavioral Health, then EMSA, and then the California Department of Public Health (CDPH). The Department of Finance said the state faces a third consecutive deficit and that the May Revision includes difficult trade-offs, including proposed eliminations or reversions of some behavioral health and public health funds. The LAO echoed concern about the structural deficit and said it was still awaiting some budget details before offering a full analysis. For the Commission on Behavioral Health, Finance proposed eliminating $20 million in Mental Health Wellness Act funds, arguing the money would help offset General Fund costs and noting future Proposition 1 innovation funding. The commission strongly opposed the cut, saying it would eliminate or delay launch-ready grants for early childhood supports, full-service partnerships, and peer respite, and would eventually end ongoing grant programming. Several advocates and commissioners testified that the funds support underserved communities and that Proposition 1 is not a substitute for the existing programs. The chair asked Finance to look for alternatives, but no vote was taken. EMSA presented mostly technical budget adjustments: increased authority for the California Poison Control System, a correction to EMSIS funding, and a reappropriation for enterprise services and data management. CDPH then reviewed a broader set of May Revision proposals, including reversions from the California Reducing Disparities Project, workforce development, STD prevention, hepatitis C prevention, hospice, and extreme heat funding, as well as a new generative AI pilot for health facility survey reporting. Members raised concerns about cuts to CRDP and gender health equity programs, especially because many grants are mid-contract and serve underserved communities; CDPH said the reversions were part of solving the deficit and that CRDP had been successful, while also clarifying that abortion.ca.gov would not be eliminated. Public comment was overwhelmingly opposed to the CRDP and related cuts, with many speakers describing the programs as life-saving and cost-effective. No formal votes or actions were taken during the hearing.

Transcript Highlights:

• Upper panel two, but it ties into the overall questions you're hearing about effectiveness, allocation
• Because whatever money we've allocated, 100 million, 500 million, we'd touch so few homes, it would have
• Our government partners are identifying financial assistance through a climate bond.
• interest obviously in home heartening The way that we've set it up, it has not been specifically allocated
• proposition for language, there is an emphasis on leveraging the proposition for funding that's allocated

Keywords: 988, house, all

Transcript Highlights:

• The current debt on the uh JABSOM bonds runs through 2033, so another eight years.
• What happens is we get an allocation from the Carl Perkins Grant, and then our State Office of Career
• 20.1 or 21 million of that was allocated 20.1 or 21 million of that was allocated for<02:33:39.640
• I almost feel like if we don't reach at least 50% allocation, then the money is not spent.
• money in the budget that is allocated money in the budget that is allocated it's<02:49:19.760>

Keywords: 912, senate, all

Transcript Highlights:

• You have given us funding in the past in previous bonding bills through geo bonds and cash.
• You have given us funding in the past in previous bonding bills through geo bonds and cash.
• You have given us funding in the past in previous bonding bills through geo bonds and cash.
• bill bonding bills previous bonding bill bonding bills through<00:32:03.600> um<00:32:03.919>
• through um geo bonds and uh and cash. through um geo bonds and uh and cash.

Keywords: 1183, house

Transcript Highlights:

• And funds would flow from the general fund to the OSLI for allocation, requiring local governments to
• , requiring local governments allocation, requiring local governments to<01:02:58.880> estimate
• <01:29:57.280> pool<01:29:57.760> investment 5, oil and gas bonding pool investment
• 5, oil and gas bonding pool investment and<01:29:58.320> earnings.
• So remember last session we passed the oil and gas bonding bill, which was historic and important for

Keywords: 916, all

Transcript Highlights:

• So I have to issue bonds or you know it.
• Title 16 governs taxes and bonded indebtedness.
• Title 16 governs taxes and bonded topic.
• For clarity, a bonded indebtedness.
• Title 16 governs taxes, special districts, and bonded indebtedness.

Keywords: 916, all

Transcript Highlights:

• <01:23:43.600> resources ability to allocate resources ability to allocate resources efficiently
• Uh, in a state that's rooted in Aloha, no parent should have to choose between bonding with a newborn
• with a newborn to choose between bonding with a newborn and<02:20:34.240> paying<02:20:34.399
• /c><03:05:01.760> $50<03:05:02.000> million<03:05:02.479> in<03:05:02.720> bonds
• language for the uh $50 million in bonds language for the uh $50 million in bonds to<03:05:03.120

Bills: HB20, HB2612, HB2404, HB2459, HB2194, HB1880, HB2284, HB1969, HB2458, HB1546, HB2161, HB1721, HB1641, HB2137, HB1782, HB2360, HB1965, HB1897, HB1513

Keywords: lava insurance, homeowners, insurance market, subsidy, Hawaii, mortgage, debt, secured transactions, real property, Hawaii Revised Statutes, cooperative associations, electric utility cooperatives, agricultural cooperatives, mutual help, food innovation, agribusiness, food safety, market access, branding, economic diversification

Summary: The committee heard testimony on HB 20, which would create a lava zone insurance subsidy/fund. The Insurance Division opposed the bill, arguing that lava zones 1 and 2 are the highest-risk areas, that a subsidy would not reduce the underlying risk or loss costs, that it could invite similar subsidy requests for other hazards, and that the bill may conflict with HICV by diverting funds from the CRF. Members discussed the lack of authorized homeowners insurance in those lava zones, the role of HPIA and the surplus market, and the difference between the proposed lava-zone subsidy and the Hawaii Hurricane Relief Fund. The chair noted 37 submitted testimonies in support and one in opposition, and the committee then moved on without taking a vote on HB 20 in the portion provided. The committee then took up HB 2612, relating to mortgages, which would clarify that a mortgage does not exist independently of the debt it secures and is not independently enforceable from that debt. The Hawaii Credit Union League and Hawaii Financial Services Association opposed the bill, while several individuals testified in support, arguing it would restore Hawaii’s long-standing lien-state rule and prevent so-called “zombie mortgages” after the Hawaii Supreme Court’s White decision. Supporters said the bill would protect borrowers from delayed foreclosures and predatory lending practices, while opponents and the Insurance Division emphasized that foreclosure actions still require proof of standing and possession of the note, and that lenders generally pursue foreclosure without seeking deficiency judgments. Committee members questioned the Insurance Division about how the current market works, whether lenders could wait out the statute of limitations and then foreclose only on the mortgage, and whether equitable tolling or later defaults could allow refiling. The division said it is still trying to attract authorized insurers back into the lava-zone market, but has seen little progress. No vote or final action on HB 2612 was taken in the excerpt provided.

Transcript Highlights:

• clarification of the penalty for claiming an excessive amount in a public construction performance bond
• Representative Sober and Espinosa, concerning allowing local elected judicial officers to set weekend bonds
• I think this amendment here admits it allocates for both issues.
• <01:32:44.239> for<01:32:44.480> both adi it ad admits it allocates for both adi it
• ad admits it allocates for both issues.<01:32:46.159> It<01:32:46.400> holds<01:32:46.719

Keywords: 981, all