Transcript Highlights:

• That would be the construction loan loss guarantee.
• That would be the construction loan loss guarantee.
• So one thing that I do want to make clear is that the construction loan loss guarantee and the silent
• And with respect to the construction loan loss guarantee, that loan loss guarantee would be in place
• That loan loss guarantee would be in place only for the period of construction, so we do anticipate that

Transcript Highlights:

• </c><00:43:13.359><c> in</c> of these types for guarantees in of these types for guarantees in statute
• Guarantees are quite common.
• </c> now are silent on guarantees now are silent on guarantees specifically<00:46:46.640><c> for</c><
• Fifth, we modernize the student loan borrower bill of rights to clarify loan transfers, income-driven
• borrower bill of rights to student loan borrower bill of rights to clarify<01:01:51.359><c> loan</c>

Committee: Senate Commerce and Consumer Protection

Transcript Highlights:

• Yes, and I'm sure just to make a technical correction, we're not guaranteeing.
• Our loan servicing people work closely with our finance department.
• The Small Business Recovery Loan Fund was very high volume.
• For us to review elements of a loan.
• Principals must provide guarantees.

Committee: House New Mexico Finance Authority Oversight Committee

Transcript Highlights:

• that over time you are guarantee that over time you are guaranteed<00:07:58.440><c> to</c><00:07:58.639
• </c><00:08:33.959><c> to</c> Minnesota over time you're guaranteed to Minnesota over time you're guaranteed
• ><c> those</c><00:37:19.359><c> loans</c><00:37:20.079><c> other</c> delinquencies on those loans other
• access and the ability to get loans.
• </c><01:43:13.400><c> for</c> Grandma take out extra school loans for Grandma take out extra school loans

Committee: Senate Finance

Transcript Highlights:

• , loan guarantees, small business relief grants, and great untold stories, especially with the loan guarantees
• loan guarantees,<01:04:21.680><c> small</c><01:04:21.920><c> business</c><01:04:22.319><c> relief</c>
• </c><01:04:27.839><c> I</c><01:04:28.079><c> heard</c> like the loan guarantees.
• I heard like the loan guarantees.
• of loans, grants, loans, guarantees<01:04:59.920><c> or</c><01:05:00.160><c> something</c><01:05:00.400

Committee: Senate Jobs and Economic Development

Transcript Highlights:

• We provide health guarantees, vet checks, and breeder transparency.
• Commission and stuff have debated whether this is a loan or not a loan.
• Well, they meet all the characteristics of a loan for the most part.
• In fact, do you treat it as a loan or an equity position?
• We understood that they did have an MCA loan in place.

Bills: HB 12 , HB149 , SB229 , SB1361 , SB1749 , SB1897 , SB2113 , SB2566 , SB2677 , SB1652 , SB2327 , SB2344 , SB2696 , HB12 , HB149

Committee: Senate Business & Commerce

Transcript Highlights:

• on their loans.
• or the loan was discharged in bankruptcy.
• or the loan was discharged in bankruptcy.
• Some of them have one loan. Some of them bought five loans.
• But although my job was guaranteed back, my reputation will not be guaranteed, all because I was arrested

Committee: Joint Joint Committee on the Judiciary

Summary: The Joint Committee on the Judiciary heard testimony on a wide range of bills, with much of the discussion focused on housing stability and maternal mental health. On H. 1924/S. 1171, supporters including Sen. Joan Lovely, Rep. Jim O’Day, physicians, advocates, and people with lived experience urged the committee to create legal protections and treatment pathways for defendants who experienced postpartum psychosis or other perinatal mood disorders within 12 months of giving birth. Testimony emphasized that these conditions are rare but severe, often treatable, and can lead to tragic outcomes if criminalized rather than addressed through screening, expert evaluation, treatment, and, in some cases, resentencing or mitigation. Committee members asked about diagnosis years after the fact and how the Illinois law has worked; witnesses said retrospective diagnosis is possible and that the Illinois model has led to some successful resentencing petitions and broader awareness. Housing-related bills drew substantial testimony. On H. 1983/S. 1071, witnesses described “zombie” subordinate mortgages that were sold years after borrowers believed they had been resolved, then resurfaced with large balances and foreclosure threats. Supporters said the bill would require disclosures and court review to prevent unlawful servicing and foreclosure practices. On H. 1952, advocates from the Massachusetts Law Reform Institute, tenants, and legal services providers backed a permanent statewide right to counsel in eviction cases, citing data showing strong tenant outcomes and the importance of quality control, multilingual outreach, and full representation. On H. 1895/S. 1184, testimony supported codifying a two-tier summary process in eviction court and prohibiting defaults at the initial case-management stage. On H. 1883, a small property owner supported rent escrow as a way to protect landlords from bad-faith nonpayment while preserving tenant rights. The committee also heard testimony on bills addressing discriminatory housing covenants, tenant oversight, and homelessness. On H. 1762/S. 1080, a housing advocate supported removing void restrictive covenants from deeds, describing the Dirty Deeds Project and the lingering harm of racist language in property records. On H. 1814, tenants and advocates described harassment, retaliation, security problems, and lack of accountability in subsidized housing, arguing for an Office of the Tenant Advocate within the Attorney General’s Office. On S. 1120, multiple witnesses supported a bill of rights for people experiencing homelessness, saying it would affirm the right to rest and seek shelter, reduce criminalization, and extend anti-discrimination protections. No votes or final actions were taken during the hearing; the committee primarily received testimony and questions on the bills.

Transcript Highlights:

• But if you're actually taking out the loan, and you obviously are going to be a guarantee to the loaning
• But if you're actually taking out the loan, and you obviously are going to be a guarantee to the loaning
• But if you're actually taking out the loan, and you obviously are going to be a guarantee to the loaning
• and the But uh on the loan rates and the guarantee<00:35:39.080><c> of</c><00:35:39.200><c> that</c>
• </c> guarantee of that loan, then uh suppose guarantee of that loan, then uh suppose that<00:35:42.400

Committee: Senate Energy, Utilities, Environment, and Climate

Transcript Highlights:

• By utilizing the General Fund to support repayment of the loan, it will sustain the Bureau's admin fund
• If we were to, about potential issues surrounding waiving interest from special fund loans.
• backfill and repay the loan in this upcoming July, is about $245,000.
• We're just trying to max out the COLA to get to the full amount of the guarantee.
• resources would come back into the guarantee and it would be subject to that 89-11 split.

Transcript Highlights:

• All of us right now, this is when we go and we do our loan renewals, and we start looking at projected
• Second, there's a domestic price floor established through the sugar loan program that guarantees a certain
• Second, there's a domestic price floor established through the sugar loan program that guarantees a certain
• , established through the sugar loan program that guarantees a certain or is intends to guarantee a certain
• And those loans allow us to fund our operations as well as pay our growers to fund theirs.

Committee: Senate Agricultural Affairs

Transcript Highlights:

• Thank you, Senator Thomas. federal PPP loan or or something that uh federal PPP loan or or something
• So the floor is yours and go ahead. uh items and water and loan and four uh items and water and loan
• The base loan will be a 30-year loan with a 1% interest rate.
• be a 30-year loan The base loan will be a 30-year loan with<00:43:21.920><c> a</c><00:43:22.079><c>
• The base loan will be a 20-year loan with a 1.75% interest rate.

Summary: The committee first handled routine business, including a roll call, approval of the prior meeting minutes, and a set of informational reports. Those reports covered University of Louisville research equipment purchases, a Kent County school district debt issue for elementary school renovations, the University of Kentucky’s planned use of construction management risk for a new engineering building, APA certification reports for underwriter and bond counsel selection committees, and a KCNA status report on infrastructure upgrades and purchases. The main presentation was an informational update from the Louisville Arena Authority. Board representatives said the arena was created to drive economic development and reported about $1.4 billion in economic impact from 2010 to 2013. They explained the authority’s financial structure, including arena operating revenues, TIF revenues, debt service, and a long-term capital plan for major repairs and replacements. Members questioned the low net revenue figures, the long timeline before TIF revenues are projected to exceed debt service, the size of capital expenditure spikes, and the University of Louisville revenue-sharing arrangement. The authority said the $2.42 million annual UL payment is fixed under a 2017 refinancing agreement, while other amounts vary with ticket sales and related revenues. They also said the COVID-era state and Metro funds, combined with authority cash, were used to prepay debt and reduce interest, lowering the debt service schedule. The committee then considered and approved a new capital project for a new HVAC system for the student wellness center pool area. The project, presented by university staff, was approved by the board and required committee action. The committee took a roll call vote, and the project passed unanimously. Finally, Janice Thomas of the state budget office presented two tourism, arts, and heritage cabinet grid resilience projects at Kincaid Lake State Resort Park and Kentucky Down Village State Resort Park. Each project costs $7,834,600 and is funded mostly by a federal grid resilience grant, with the remainder from state utility infrastructure replacement funds and energy policy funds. Staff explained that the projects will move park electrical service ownership and maintenance to regional utilities, allowing the state to exit the infrastructure-management role while continuing to pay utility bills through normal metering. The committee approved the action item by voice vote.

Transcript Highlights:

• We all know there's no guarantees.
• There's no every guaranteed income.
• Section 53 amends the beginning farmer loans to state that no loan may be less than $50,000.
• Section 54 amends the loan restructuring program to state that loans may not be less than $50,000.
• Section 60 modifies the farm opportunity loan program to reduce the purposes of the loans.

Committee: Senate Agriculture, Veterans, Broadband, and Rural Development

Transcript Highlights:

• Subsection B-3 states that when the Texas Department of Transportation approves the loan or grant, the
• This would correct the use of appropriations to establish the revolving loan program.
• The Texas Department of Transportation approves the loan or grant.
• This would... correct the use of appropriations to establish the revolving loan program.
• There is a cap of $10 million on the revolving loan program.

Bills: HB483 , HB3345 , HB3643 , HB3821 , HB3849 , HB4472 , HB4523 , HB4524 , HB5346 , HB5347 , HB5376

Committee: House S/C on Transportation Funding

Keywords: high-speed rail, Texas Department of Transportation, TxDOT, public-private partnership, comprehensive development agreement, CDA, Interstate 35, I-35 corridor, Dallas, Waco, Austin, San Antonio, intercity passenger rail, rail infrastructure, private entity, transportation infrastructure, rail corridor, passenger rail, infrastructure finance, vehicle registration

Transcript Highlights:

• Title Guarantee HPN. Building Supply Mana. Up Hawaiʻi Gas and Tory Richards also in support.
• hpn Building Supply Mana Title guarantee hpn Building Supply Mana up<00:25:37.600><c> Hawaii</c><00:
• </c><00:32:54.720><c> HPM</c> support thanks Josh title guarantee HPM support thanks Josh title guarantee
• Mana Up and Title Guarantee in support. Anyone online or in person wishing to testify on HB 418?
• </c><00:36:12.040><c> in</c> comments Mana up and title guarantee in comments Mana up and title guarantee

Committee: House Housing

Summary: The House Committee on Housing held a public hearing on a series of housing bills. HB 1432 and HB 1428 drew support from HHFDC, and HB 1428 also received testimony from Hawaiian Community Assets, which said housing counseling funding is needed to meet demand for financial education tied to affordable housing, and that such counseling can help reduce evictions, prevent foreclosure, and stabilize households. HB 833 on community land trusts received broad support from HHFDC, county housing officials, community land trust representatives, and a local developer; testimony emphasized keeping housing affordable in perpetuity, but also asked for clearer access to financing, longer repayment terms, and inclusion of additional land trusts in the bill. Peter Savio argued that community land trusts are the best way to control demand and keep housing tied to local incomes. The committee also heard HB 19 on the Dwelling Unit Revolving Fund, which HHFDC said should be made permanent because the pilot has been successful, with 81 units in the program and $7.4 million of the $10 million allocation already committed. HHFDC said the fund helps stalled for-sale projects by providing state equity that revolved back when homes are sold. HB 529 and HB 432 were also heard; HB 432 would create a subaccount in the rental housing revolving fund for projects above 60% AMI, and HHFDC said this would help finance housing for households at 65% and 80% AMI. The bill drew support from several housing, business, and industry groups. Several other housing measures were discussed with mixed testimony. HB 419 had HHFDC support, Limby Hawaiʻi opposition, and support from the Grassroot Institute and others; members asked about whether councils approve these projects in one or multiple readings. HB 527 and HB 416 also drew a mix of support and opposition, with questions focused on county approval timelines and whether state-financed projects would still go through normal local review. HB 417 on the rental housing revolving fund prompted questions about how it differs from the Dwelling Unit Revolving Fund and whether it should be more flexible for mixed rental and for-sale projects. HB 418’s proposed working group was noted as potentially unnecessary because HHFDC said a public working group was already being formed. HB 1411 on housing preference raised questions about what happens if a recipient changes jobs, and HB 374 drew an Attorney General’s Office recommendation to remove a duration requirement to avoid possible constitutional travel issues. HB 373 and HB 1492 were also heard, with strong testimony from Peter Savio in favor of a broader trust-based model for affordable housing. No votes or final actions were taken during the hearing.

Transcript Highlights:

• </c> that the loan term for the rhrf loan that the loan term for the rhrf loan doesn't<00:48:02.280><
• Um, and the last one for RHRF is, uh, loan guarantees and credit enhancement.
• </c> the last one for RF is uh loan the last one for RF is uh loan guarantees<00:56:18.640><c> and</c
• So what this would do would be to, for the uncommitted funds in RHRF, we would be able to guarantee loans
• loan guarantees there's already do these loan guarantees there's already a<00:57:07.359><c> model</c

Transcript Highlights:

• 44 by Zaffirini, relating to the establishment and... ...operation of the Texas Beyond Time Student Loan
• Senate Bill 74 by Zaffirini relaying to the exemption from residential mortgage loan originator licensing
• Relating to the creation of a revolving loan program to fund the purchase by historically underutilized
• Senate Bill 223 by West relating to student loan repayment assistance.
• Guaranteeing the right of individuals to refuse medical treatments to Health and Human Services, SJR

Bills: SJR36 , SB2 , SJR6 , SJR7 , SJR8 , SJR9 , SJR10 , SJR11 , SJR12 , SJR13 , SJR14 , SJR15 , SJR16 , SJR17 , SJR18 , SJR19 , SJR20 , SJR21 , SJR22 , SJR23 , SJR24 , SJR25 , SJR26 , SJR27 , SJR28 , SJR29 , SJR30 , SJR31 , SJR32 , SJR49 , SCR1 , SCR2 , SCR3 , SCR4 , SCR5 , SCR6 , SCR8 , SCR9 , SB9 , SB41 , SB42 , SB43 , SB44 , SB45 , SB46 , SB47 , SB48 , SB49 , SB50 , SB51 , SB52 , SB53 , SB54 , SB55 , SB56 , SB57 , SB58 , SB59 , SB60 , SB61 , SB62 , SB63 , SB64 , SB65 , SB66 , SB67 , SB68 , SB69 , SB70 , SB71 , SB72 , SB73 , SB74 , SB75 , SB76 , SB77 , SB78 , SB79 , SB80 , SB81 , SB82 , SB83 , SB84 , SB85 , SB86 , SB87 , SB88 , SB89 , SB90 , SB91 , SB92 , SB93 , SB94 , SB95 , SB96 , SB97 , SB98 , SB99 , SB100 , SB101 , SB102 , SB103 , SB104 , SB105 , SB106 , SB107 , SB108 , SB109 , SB110 , SB111 , SB112 , SB113 , SB114 , SB115 , SB116 , SB117 , SB118 , SB119 , SB120 , SB121 , SB122 , SB123 , SB124 , SB125 , SB126 , SB127 , SB128 , SB129 , SB130 , SB131 , SB132 , SB133 , SB134 , SB135 , SB136 , SB137 , SB138 , SB139 , SB140 , SB141 , SB142 , SB143 , SB144 , SB145 , SB146 , SB147 , SB148 , SB149 , SB150 , SB151 , SB152 , SB153 , SB154 , SB155 , SB156 , SB157 , SB158 , SB159 , SB160 , SB161 , SB162 , SB163 , SB164 , SB165 , SB166 , SB167 , SB168 , SB169 , SB170 , SB171 , SB172 , SB173 , SB174 , SB175 , SB176 , SB177 , SB178 , SB179 , SB180 , SB181 , SB182 , SB183 , SB184 , SB185 , SB186 , SB187 , SB188 , SB189 , SB190 , SB191 , SB192 , SB193 , SB194 , SB195 , SB196 , SB197 , SB198 , SB199 , SB200 , SB201 , SB202 , SB203 , SB204 , SB205 , SB206 , SB207 , SB208 , SB209 , SB210 , SB211 , SB212 , SB213 , SB214 , SB215 , SB216 , SB217 , SB218 , SB219 , SB220 , SB221 , SB222 , SB223 , SB224 , SB225 , SB226 , SB227 , SB228 , SB229 , SB230 , SB231 , SB232 , SB233 , SB234 , SB235 , SB236 , SB237 , SB238 , SB239 , SB240 , SB241 , SB242 , SB243 , SB244 , SB245 , SB246 , SB247 , SB248 , SB249 , SB250 , SB251 , SB252 , SB253 , SB254 , SB255 , SB256 , SB257 , SB258 , SB259 , SB260 , SB261 , SB262 , SB263 , SB264 , SB265 , SB266 , SB267 , SB268 , SB269 , SB270 , SB271 , SB272 , SB273 , SB274 , SB275 , SB276 , SB277 , SB278 , SB279 , SB280 , SB281 , SB282 , SB283 , SB284 , SB285 , SB286 , SB287 , SB288 , SB289 , SB290 , SB291 , SB292 , SB293 , SB294 , SB295 , SB296 , SB297 , SB298 , SB299 , SB300 , SB301 , SB302 , SB303 , SB304 , SB305 , SB306 , SB307 , SB308 , SB309 , SB310 , SB311 , SB312 , SB313 , SB314 , SB315 , SB316 , SB317 , SB318 , SB319 , SB320 , SB321 , SB322 , SB323 , SB324 , SB325 , SB326 , SB327 , SB328 , SB329 , SB330 , SB331 , SB332 , SB333 , SB334 , SB335 , SB336 , SB337 , SB338 , SB339 , SB340 , SB341 , SB342 , SB343 , SB344 , SB345 , SB346 , SB347 , SB348 , SB349 , SB350 , SB351 , SB352 , SB353 , SB354 , SB355 , SB356 , SB357 , SB358 , SB359 , SB360 , SB361 , SB362 , SB363 , SB364 , SB365 , SB366 , SB367 , SB368 , SB369 , SB370 , SB371 , SB372 , SB373 , SB374 , SB375 , SB376 , SB377 , SB378 , SB379 , SB380 , SB381 , SB382 , SB383 , SB384 , SB385 , SB386 , SB387 , SB388 , SB389 , SB390 , SB391 , SB392 , SB393 , SB394 , SB395 , SB396 , SB397 , SB398 , SB399 , SB400 , SB401 , SB402 , SB403 , SB404 , SB405 , SB406 , SB407 , SB408 , SB409 , SB410 , SB411 , SB412 , SB413 , SB414 , SB415 , SB416 , SB417 , SB418 , SB419 , SB420 , SB421 , SB422 , SB423 , SB424 , SB425 , SB426 , SB427 , SB428 , SB429 , SB430 , SB431 , SB432 , SB433 , SB434 , SB435 , SB436 , SB437 , SB438 , SB439 , SB440 , SB441 , SB442 , SB443 , SB444 , SB445 , SB446 , SB447 , SB448 , SB449 , SB450 , SB451 , SB452 , SB453 , SB454 , SB455 , SB456 , SB457 , SB458 , SB459 , SB460 , SB461 , SB462 , SB463 , SB464 , SB465 , SB466 , SB467 , SB468 , SB469 , SB470 , SB471 , SB472 , SB473 , SB474 , SB475 , SB476 , SB477 , SB478 , SB479 , SB480 , SB481 , SB482 , SB483 , SB484 , SB485 , SB486 , SB487 , SB488 , SB489 , SB490 , SB491 , SB492 , SB493 , SB494 , SB495 , SB496 , SB497 , SB498 , SB499 , SB500 , SB501 , SB502 , SB503 , SB504 , SB505 , SB506 , SB507 , SB508 , SB509 , SB510 , SB511 , SB512 , SB513 , SB514 , SB515 , SB516 , SB517 , SB518 , SB519 , SB520 , SB521 , SB522 , SB523 , SB524 , SB525 , SB526 , SB527 , SB528 , SB529 , SB530 , SB531 , SB532 , SB533 , SB534 , SB535 , SB536 , SB537 , SB538 , SB539 , SB540 , SB541 , SB542 , SB543 , SB544 , SB545 , SB546 , SB547 , SB548 , SB549 , SB550 , SB551 , SB552 , SB553 , SB554 , SB555 , SB556 , SB557 , SB558 , SB559 , SB560 , SB561 , SB562 , SB563 , SB564 , SB565 , SB566 , SB567 , SB568 , SB569 , SB570 , SB571 , SB572 , SB573 , SB574 , SB575 , SB576 , SB577 , SB578 , SB579 , SB580 , SB581 , SB582 , SB583 , SB584 , SB585 , SB586 , SB587 , SB588 , SB589 , SB590 , SB591 , SB592 , SB593 , SB594 , SB595 , SB596 , SB597 , SB598 , SB599 , SB600 , SB601 , SB602 , SB603 , SB604 , SB605 , SB606 , SB607 , SB608 , SB609 , SB610 , SB611 , SB612 , SB613 , SB614 , SB615 , SB616 , SB617 , SB618 , SB619 , SB620 , SB621 , SB622 , SB623 , SB624 , SB625 , SB626 , SB627 , SB628 , SB629 , SB630 , SB631 , SB632 , SB633 , SB634 , SB635 , SB636 , SB637 , SB638 , SB639 , SB640 , SB641 , SB642 , SB643 , SB644 , SB645 , SB646 , SB647 , SB648 , SB649 , SB650 , SB651 , SB652 , SB653 , SB654 , SB655 , SB656 , SB657 , SB658 , SB659 , SB660 , SB661 , SB662 , SB663 , SB664 , SB665 , SB666 , SB667 , SB668 , SB669 , SB670 , SB671 , SB672 , SB673 , SB674 , SB675 , SB676 , SB677 , SB678 , SB679 , SB680 , SB681 , SB682 , SB683 , SB684 , SB685 , SB686 , SB687 , SB688 , SB689 , SB690 , SB691 , SB692 , SB693 , SB694 , SB695 , SB696 , SB697 , SB699 , SB700 , SB1047 , SB1048 , SJR6 , SJR7 , SJR8 , SJR9 , SJR10 , SJR11 , SJR12 , SJR13 , SJR14 , SJR15 , SJR16 , SJR17 , SJR18 , SJR19 , SJR20 , SJR21 , SJR22 , SJR23 , SJR24 , SJR25 , SJR26 , SJR27 , SJR28 , SJR29 , SJR30 , SJR31 , SJR32 , SJR49 , SCR1 , SCR2 , SCR3 , SCR4 , SCR5 , SCR6 , SCR8 , SCR9 , SB9 , SB41 , SB42 , SB43 , SB44 , SB45 , SB46 , SB47 , SB48 , SB49 , SB50 , SB51 , SB52 , SB53 , SB54 , SB55 , SB56 , SB57 , SB58 , SB59 , SB60 , SB61 , SB62 , SB63 , SB64 , SB65 , SB66 , SB67 , SB68 , SB69 , SB70 , SB71 , SB72 , SB73 , SB74 , SB75 , SB76 , SB77 , SB78 , SB79 , SB80 , SB81 , SB82 , SB83 , SB84 , SB85 , SB86 , SB87 , SB88 , SB89 , SB90 , SB91 , SB92 , SB93 , SB94 , SB95 , SB96 , SB97 , SB98 , SB99 , SB100 , SB101 , SB102 , SB103 , SB104 , SB105 , SB106 , SB107 , SB108 , SB109 , SB110 , SB111 , SB112 , SB113 , SB114 , SB115 , SB116 , SB117 , SB118 , SB119 , SB120 , SB121 , SB122 , SB123 , SB124 , SB125 , SB126 , SB127 , SB128 , SB129 , SB130 , SB131 , SB132 , SB133 , SB134 , SB135 , SB136 , SB137 , SB138 , SB139 , SB140 , SB141 , SB142 , SB143 , SB144 , SB145 , SB146 , SB147 , SB148 , SB149 , SB150 , SB151 , SB152 , SB153 , SB154 , SB155 , SB156 , SB157 , SB158 , SB159 , SB160 , SB161 , SB162 , SB163 , SB164 , SB165 , SB166 , SB167 , SB168 , SB169 , SB170 , SB171 , SB172 , SB173 , SB174 , SB175 , SB176 , SB177 , SB178 , SB179 , SB180 , SB181 , SB182 , SB183 , SB184 , SB185 , SB186 , SB187 , SB188 , SB189 , SB190 , SB191 , SB192 , SB193 , SB194 , SB195 , SB196 , SB197 , SB198 , SB199 , SB200 , SB201 , SB202 , SB203 , SB204 , SB205 , SB206 , SB207 , SB208 , SB209 , SB210 , SB211 , SB212 , SB213 , SB214 , SB215 , SB216 , SB217 , SB218 , SB219 , SB220 , SB221 , SB222 , SB223 , SB224 , SB225 , SB226 , SB227 , SB228 , SB229 , SB230 , SB231 , SB232 , SB233 , SB234 , SB235 , SB236 , SB237 , SB238 , SB239 , SB240 , SB241 , SB242 , SB243 , SB244 , SB245 , SB246 , SB247 , SB248 , SB249 , SB250 , SB251 , SB252 , SB253 , SB254 , SB255 , SB256 , SB257 , SB258 , SB259 , SB260 , SB261 , SB262 , SB263 , SB264 , SB265 , SB266 , SB267 , SB268 , SB269 , SB270 , SB271 , SB272 , SB273 , SB274 , SB275 , SB276 , SB277 , SB278 , SB279 , SB280 , SB281 , SB282 , SB283 , SB284 , SB285 , SB286 , SB287 , SB288 , SB289 , SB290 , SB291 , SB292 , SB293 , SB294 , SB295 , SB296 , SB297 , SB298 , SB299 , SB300 , SB301 , SB302 , SB303 , SB304 , SB305 , SB306 , SB307 , SB308 , SB309 , SB310 , SB311 , SB312 , SB313 , SB314 , SB315 , SB316 , SB317 , SB318 , SB319 , SB320 , SB321 , SB322 , SB323 , SB324 , SB325 , SB326 , SB327 , SB328 , SB329 , SB330 , SB331 , SB332 , SB333 , SB334 , SB335 , SB336 , SB337 , SB338 , SB339 , SB340 , SB341 , SB342 , SB343 , SB344 , SB345 , SB346 , SB347 , SB348 , SB349 , SB350 , SB351 , SB352 , SB353 , SB354 , SB355 , SB356 , SB357 , SB358 , SB359 , SB360 , SB361 , SB362 , SB363 , SB364 , SB365 , SB366 , SB367 , SB368 , SB369 , SB370 , SB371 , SB372 , SB373 , SB374 , SB375 , SB376 , SB377 , SB378 , SB379 , SB380 , SB381 , SB382 , SB383 , SB384 , SB385 , SB386 , SB387 , SB388 , SB389 , SB390 , SB391 , SB392 , SB393 , SB394 , SB395 , SB396 , SB397 , SB398 , SB399 , SB400 , SB401 , SB402 , SB403 , SB404 , SB405 , SB406 , SB407 , SB408 , SB409 , SB410 , SB411 , SB412 , SB413 , SB414 , SB415 , SB416 , SB417 , SB418 , SB419 , SB420 , SB421 , SB422 , SB423 , SB424 , SB425 , SB426 , SB427 , SB428 , SB429 , SB430 , SB431 , SB432 , SB433 , SB434 , SB435 , SB436 , SB437 , SB438 , SB439 , SB440 , SB441 , SB442 , SB443 , SB444 , SB445 , SB446 , SB447 , SB448 , SB449 , SB450 , SB451 , SB452 , SB453 , SB454 , SB455 , SB456 , SB457 , SB458 , SB459 , SB460 , SB461 , SB462 , SB463 , SB464 , SB465 , SB466 , SB467 , SB468 , SB469 , SB470 , SB471 , SB472 , SB473 , SB474 , SB475 , SB476 , SB477 , SB478 , SB479 , SB480 , SB481 , SB482 , SB483 , SB484 , SB485 , SB486 , SB487 , SB488 , SB489 , SB490 , SB491 , SB492 , SB493 , SB494 , SB495 , SB496 , SB497 , SB498 , SB499 , SB500 , SB501 , SB502 , SB503 , SB504 , SB505 , SB506 , SB507 , SB508 , SB509 , SB510 , SB511 , SB512 , SB513 , SB514 , SB515 , SB516 , SB517 , SB518 , SB519 , SB520 , SB521 , SB522 , SB523 , SB524 , SB525 , SB526 , SB527 , SB528 , SB529 , SB530 , SB531 , SB532 , SB533 , SB534 , SB535 , SB536 , SB537 , SB538 , SB539 , SB540 , SB541 , SB542 , SB543 , SB544 , SB545 , SB546 , SB547 , SB548 , SB549 , SB550 , SB551 , SB552 , SB553 , SB554 , SB555 , SB556 , SB557 , SB558 , SB559 , SB560 , SB561 , SB562 , SB563 , SB564 , SB565 , SB566 , SB567 , SB568 , SB569 , SB570 , SB571 , SB572 , SB573 , SB574 , SB575 , SB576 , SB577 , SB578 , SB579 , SB580 , SB581 , SB582 , SB583 , SB584 , SB585 , SB586 , SB587 , SB588 , SB589 , SB590 , SB591 , SB592 , SB593 , SB594 , SB595 , SB596 , SB597 , SB598 , SB599 , SB600 , SB601 , SB602 , SB603 , SB604 , SB605 , SB606 , SB607 , SB608 , SB609 , SB610 , SB611 , SB612 , SB613 , SB614 , SB615 , SB616 , SB617 , SB618 , SB619 , SB620 , SB621 , SB622 , SB623 , SB624 , SB625 , SB626 , SB627 , SB628 , SB629 , SB630 , SB631 , SB632 , SB633 , SB634 , SB635 , SB636 , SB637 , SB638 , SB639 , SB640 , SB641 , SB642 , SB643 , SB644 , SB645 , SB646 , SB647 , SB648 , SB649 , SB650 , SB651 , SB652 , SB653 , SB654 , SB655 , SB656 , SB657 , SB658 , SB659 , SB660 , SB661 , SB662 , SB663 , SB664 , SB665 , SB666 , SB667 , SB668 , SB669 , SB670 , SB671 , SB672 , SB673 , SB674 , SB675 , SB676 , SB677 , SB678 , SB679 , SB680 , SB681 , SB682 , SB683 , SB684 , SB685 , SB686 , SB687 , SB688 , SB689 , SB690 , SB691 , SB692 , SB693 , SB694 , SB695 , SB696 , SB697 , SB699 , SB700 , SB1047 , SB1048

Transcript Highlights:

• loan compared to a loan that might have been achieved in the regular market unsubsidized?
• But are we going to value that at the whole $2.5 million loan?
• loan compared to a loan that might have been achieved in the regular market unsubsidized?
• But are we going to value that at the whole $2.5 million loan?
• So it is directly addressed as far as pre-development loans.

Committee: Senate Housing

Summary: The committee opened its first Senate Housing hearing of 2026 by establishing quorum and explaining that several two-year bills and bond measures would be heard, with witnesses limited to two minutes and “me too” testimony grouped together. The first bill, SB 222 by Senator Wiener, would streamline permitting for heat pumps, water heaters, and HVAC installations and limit HOA barriers. Supporters said it would lower costs, speed replacements, reduce pollution, and help Californians switch to efficient electric appliances. The League of California Cities opposed unless amended, raising concerns about a permit-fee cap and the feasibility of virtual inspections. Committee members largely supported the policy but flagged fee recovery, inspection liability, HOA authority, and possible electrical panel upgrade costs; the bill passed to Local Government on a roll call vote. The committee then heard SB 677, also by Senator Wiener, which was narrowed to two remaining changes related to commuter rail definitions and mobile home exemption language, with a separate future cleanup bill for SB 79 promised later in the session. Local governments and counties said the amended bill still needed clearer definitions and implementation guidance, while several groups shifted to support after the amendments. The committee approved the bill 10-1 and sent it to Local Government. Next, SB 417 by Senator Cabaldon proposed a $10 billion 2026 affordable housing bond to fund construction, preservation, rehabilitation, supportive housing, and homeownership opportunities. Supporters emphasized the need to replace exhausted housing funds, leverage federal tax credits, and keep shovel-ready projects moving; opponents and some members raised concerns about state debt, the lack of a dedicated CalHome share, and whether the bond should include more homeownership or higher-education allocations. After extensive debate over bond indebtedness and housing need, the bill passed to Appropriations on an 8-1 vote. Finally, the committee began hearing SB 492, a youth housing and youth center bond proposal. Senator Reyes described it as a way to fund transitional housing and youth centers for transition-age youth up to age 25, arguing that early intervention could prevent future homelessness and reduce long-term public costs. Witnesses from Covenant House California and the California Coalition for Youth supported the measure, citing the needs of foster youth and homeless young people, the benefits of transitional housing, and the high success rate of youth exiting to stable housing. The transcript cuts off during additional testimony, so no final action on SB 492 is shown in the provided excerpt.

Transcript Highlights:

• But it was a loan. It was a loan and now it's a grant. For 20 last year.
• But it was a loan. It was a loan and now it's a grant. For 20 last year.
• But it was a loan. It was a loan and now it's a grant.
• a loan out.
• a loan out.

Committee: Senate Finance

Transcript Highlights:

• loans and to make loans for down payment assistance to homebuyers.
• It removes a requirement that loans and mortgage loans issued by the commission must go through a mortgage
• Loan fund for mixed-income affordable housing development.
• In the bill before you, a revolving loan fund is created in the Department of Commerce to provide loans
• are no guarantees when you're in a subordinate position like this.

Summary: The committee held a public hearing on a series of housing, education, workforce, and court-related bills. On Substitute Senate Bill 5884, staff described changes to a sales and use tax deferral for redeveloping vacant or underused land into affordable housing, including broader eligible property definitions and lower affordability thresholds in designated areas. Testimony was mixed: builders opposed language they feared could encourage project labor agreements, while Spokane and Kent representatives supported the bill but asked for flexibility on affordability mix requirements. On Senate Bill 6256, which expands a property tax exemption for nonprofit low-income rental housing to include certain co-located community uses during construction and extends the pre-construction exemption period, testimony was strongly supportive from housing nonprofits and local housing partners, with questions focused on clawback provisions. The committee also heard Substitute Senate Bill 6027, which expands allowable uses of local housing and supportive housing sales tax revenue, adjusts a REET exemption timeline, broadens emergency housing definitions, and changes use of the Affordable Housing for All account. County, housing, and nonprofit witnesses said the bill would help preserve housing and services amid federal funding uncertainty, though Snohomish County asked for an amendment to allow rental assistance. Substitute Senate Bill 6018 would revise the Housing Finance Commission’s authority, including direct lending and bond counsel terms; commission staff said it would modernize outdated restrictions and improve financing flexibility. Substitute Senate Bill 6028 would create a revolving loan fund for mixed-income homeownership projects; supporters said it would help smaller infill projects pencil, while staff noted the loans would be subordinate and carry some risk. Later, the committee heard Senate Bill 6275 on the community reinvestment program, which would require periodic plan updates, reporting, and a WSIPP study, while also expressing legislative intent to continue at least $100 million annually in the account. Advocates, workforce groups, legal aid providers, and small business owners testified that the program supports communities harmed by past disinvestment and should be made permanent and more accountable. Substitute Senate Bill 5961 would move the Imagination Library program from DCYF to OSPI; early literacy advocates and local partners supported the transfer as better aligned with school readiness. Substitute Senate Bill 5969 would integrate IEP transition plans with high school and beyond plans, and a prior critic said amendments addressed her concerns. Second Substitute Senate Bill 5292 would shift PFML premium rate-setting to the annual actuarial report and raise the reserve target; labor and industry witnesses supported the change, while a policy group opposed the program’s costs. The committee also heard Senate Bill 5868 to add one superior court judge each in Skagit and Yakima counties. Judges and county officials testified that caseloads, population growth, and backlogs justify the additions, and county leaders said they had already budgeted for their share. Finally, Substitute Senate Bill 5827 would allow service members to use pre-discharge certification to claim veterans’ civil service preference; the sponsor said it would solve a timing problem for transitioning service members. No votes or final committee actions were taken in the transcript, as the meeting consisted of bill briefings and public testimony.

Transcript Highlights:

• guarantees and grants.
• guarantees and grants.
• The first one is the federal DOE loan guarantee program.
• PG&E has been successful and awarded a $15 billion loan guarantee that will be used to finance transmission
• The state could step into a very similar role here, using a similar model of a loan guarantee.

Committee: House Utilities and Energy

Summary: The committee first heard AB 13, which would restructure the Public Utilities Commission by adding legislative liaisons, requiring more frequent and detailed reporting on rate decisions, and changing commissioner representation to increase geographic diversity and accountability. The author and supporters argued the CPUC is too insulated from public pressure and that Californians need more transparency and oversight on utility rate hikes. Support came from former CPUC Commissioner Loretta Lynch, Jeff Shields, wildfire survivor Will Abrams, TURN, and San Diego Gas & Electric in a support-if-amended position; there was no opposition testimony. Members generally praised the transparency goals, and the bill passed 10-0 to Appropriations, with the roll left open for absent members. The committee then adopted the 2025-2026 committee rules and approved three consent items: AB 61, AB 365, and AB 406. Those measures were moved on consent without substantive debate and passed unanimously. The committee also held AB 99, which would limit investor-owned utility rate increases above inflation except for specified costs such as safety, modernization, and fuel or commodity expenses. The author and supporters, including the California Senior Legislature, said the bill was needed to protect seniors and other ratepayers from repeated utility hikes, while opponents argued it was overly simplistic, could harm labor and reliability, and failed to account for major cost drivers like wildfire mitigation and mandated programs. Despite broad concerns from utilities, labor, business, and environmental groups, the bill advanced 11-0 to Appropriations, with several members noting they supported continued work on the measure. After the bill votes, the committee opened an informational hearing on strategies to reduce California transmission costs, the second part of its energy affordability series. Public Advocates Office staff presented data showing a large and growing backlog of approved-but-unbuilt transmission projects, rising transmission access charges, and long project timelines driven mostly by utility pre-application and construction phases. Panelists from D.H. Infrastructure, Net Zero California, IBank, and PG&E discussed alternative financing models, including public-private partnerships, public ownership, tax-exempt debt, loan guarantees, and grants, arguing these tools could lower capital costs and speed development. Members focused on whether the CPUC is the right venue, how to shorten permitting and pre-application delays, and how public financing could be structured to reduce costs without shifting burdens elsewhere.