Transcript Highlights:

• Um, as far as the challenges for some of the space companies, um, one of the things that new space has
• Host a national level state of the Space industrial base conference which the very first year 2020 is
• Mexico um EDD funds to help us get started but what we do is we put ourselves we're trying to grow the space
• early stage companies, medium stage, you know, get them to the funding sources and in in what new space
• So that's what new Space Nexus is about.

Transcript Highlights:

• That's the kind of space I'm talking about.
• </c> square F feet that's the kind of space square F feet that's the kind of space I'm<00:32:13.480><
• and indoor space like you would expect.
• and indoor space like you would expect.
• and indoor space like you would expect.

Bills: HF656 , HF655 , HF633

Committee: House Children and Families Finance and Policy

Transcript Highlights:

• So we try to get rid of the spaces that we've just constructed new.
• it becomes some absolutely needed space that they never needed before.
• which would have inflated the amount of space the state would be paying for the non-academic space, not
• So, we've tried to look for amount of space the state would be paying for the non-academic space, not
• Decisions about how to make space better.

Committee: House Public School Capital Outlay Oversight Task Force

Transcript Highlights:

• </c> design and complete the remodel space design and complete the remodel space for<00:20:31.919><c>
• We have run out of that space.
• </c> of space for various collections types. of space for various collections types.
• We have run out of that space. arrived. We have run out of that space.
• </c> space available within the footprint. space available within the footprint.

Committee: Senate Capital Investment

Transcript Highlights:

• It's so important to have spaces like this that really do that.
• It's so important to have spaces like this that really do that.
• Krayer Perry is a legend in this space.
• Thank you for creating this space for discussion.
• These are the healing spaces.

Summary: The hearing of the Select Committee on Latina Inequities opened with remarks framing the discussion around reproductive and maternal health disparities affecting Latina, Black, and Indigenous women in California. Members emphasized the need to connect state data with lived experience, and the committee heard historical context on coercive sterilization, language access, and the ways immigration status, poverty, and racism continue to shape reproductive health care. The first panel featured Clarissa Ramirez of California Latinas for Reproductive Justice, Sophia Pedrosa of Planned Parenthood Affiliates of California, and Kim Robinson of Black Women for Wellness, who described reproductive justice principles, the legacy of eugenics and forced sterilization, community education efforts, promotoras, and the importance of culturally and linguistically responsive care. They also raised concerns about federal funding cuts, fear related to ICE and public charge, and the loss of education and outreach programs that support patients and families. The second part of the hearing focused on maternal health. Matt Green of the California Department of Public Health described persistent racial disparities, including Black birthing people being three to four times more likely to die from pregnancy-related causes than white women, and outlined state efforts such as the Black Infant Health Program, the Perinatal Equity Initiative, the Centering Black Mothers in California report, and a new Black birth equity action plan. Chris Esgera of the Department of Health Care Services explained the state’s birthing care pathway, postpartum care pathway, and Transforming Maternal Health model, including policy changes to support doulas, community health workers, transitional care, and postpartum coverage. He said the department is working through policy updates and payment reforms, with Medi-Cal coverage for pregnant people and 12 months postpartum remaining protected. The final panel included Dr. Nicole Economo and Dr. Kelly McHugh of ACOG, who discussed provider education, anti-racism and implicit bias training, and the need for quality improvement projects focused on closing equity gaps at individual hospitals. They highlighted tools such as the CLEAR Initiative, the Elevate Toolkit, and use of CMQCC data to track outcomes by race and ethnicity. Across the hearing, members repeatedly stressed that community-led solutions, sustained funding, better data, and accountability are needed to reduce preventable maternal deaths and improve reproductive health outcomes. No formal votes or bill actions were taken during the hearing, though several policy priorities and ongoing legislative efforts were referenced for future consideration.

Transcript Highlights:

• And it’s awesome because it’s also a space...
• It’s a beautiful space.
• NDSCS has 1.4 million square feet of space. It’s a lot of space to take care of.
• And the FAA requires us to have dedicated lecture space for that program.
• Space will, if we continue to grow, space will become a problem. It's not right now.

Summary: The committee met at North Dakota State College of Science for a presentation from President Flanagan and campus leaders on the college’s mission, enrollment growth, workforce programs, facilities needs, and industry partnerships. Flanagan highlighted student success in national competitions, strong placement and retention, the college’s strategic plan, and new or expanding programs such as aviation maintenance, fire science, dental hygiene, community health worker, surgical technology, HVAC/plumbing, and precision agriculture. He also described the need for a new dorm and a remodel of the library into academic and allied health space, including a simulation center, to address capacity limits and support growth. Several committee members asked about program demand, faculty recruitment, pay competitiveness, and how the college shifts resources from lower-demand programs to high-demand ones. Industry partner Jim Albright of Comdell testified that the college has been essential to the local manufacturing workforce and that many employees and interns come from NDSCS. A major topic was dual credit. Flanagan said dual credit is important but financially challenging, noting that only a small share of dual credit students ultimately matriculate to NDSCS and that the college’s dual credit model is close to break-even. He explained that many dual credit credits are general education rather than CTE, and that the college pays instructors, supports high schools, and absorbs indirect costs. Williston State College President Bernal Herning added that his institution loses money on the front end but has shifted toward helping students complete associate degrees before high school graduation because many go directly to work after high school. Committee members questioned how dual credit is delivered, how instructors are qualified, and whether students are truly doing college-level work. The committee then received a University System presentation from Jamie Wilkie on the cost of delivering dual credit statewide. Wilkie explained the methodology used to allocate direct and overhead costs and said the analysis shows dual credit is not profitable at several institutions once tuition, instructor payments, and overhead are included. Members asked how much of the cost is borne by students, families, and the state, and whether K-12 funding should also be considered. Discussion also covered the difference between subsidized and unsubsidized dual credit, payments to high school teachers or schools, and the possibility of waiving tuition in the future. No votes were taken, and the committee mainly gathered information for the ongoing dual credit cost study.

Transcript Highlights:

• For a facility itself and reducing potential outdoor space for the facility.
• providers to find facilities that satisfy outdoor space requirements.
• Spaces because of these costs.
• This often means a space that already meets current building and fire codes.
• of viable spaces for providers.

Summary: The committee held a work session on form-based codes, child care facility siting, and street standards/frontage improvements. On form-based codes, Commerce’s Dave Anderson explained that these codes emphasize building form, orientation, and the public realm more than traditional use and density tables, and that they are typically applied in specific districts rather than citywide or statewide. Lacey’s Vanessa Dolby described the city’s Woodland District code, developed through community charrettes, fiscal and market analysis, and subdistrict-specific standards to create a walkable downtown. She said the approach has helped produce a more desirable built environment and more flexibility in permitted uses, but also noted it can be less user-friendly for applicants and still requires some use restrictions; both presenters said a hybrid approach is often best. The committee then heard from DCYF and multiple providers about barriers to opening child care facilities. DCYF officials said Washington has more than 6,500 licensed providers and that a new pre-licensing support team is helping applicants navigate licensing, but local zoning, building, fire, parking, utility, and occupancy requirements still create delays and confusion. Testifiers described long permitting timelines, inconsistent local interpretations, costly upgrades, and utility hookup delays; one Yakima provider said county requirements, a floodplain-related elevation certificate, and a private well issue stopped her in-home child care proposal, while others described traffic impact fees, parking mandates, and zoning barriers that made projects infeasible. Enterprise Community Partners highlighted examples of successful local reforms, including fee waivers, expedited permitting, and zoning changes in several cities, and DCYF said it is working toward a 2026 action plan and a resource guide for providers. In the final section, planners and developers discussed how street standards and frontage improvement requirements can undermine infill and middle housing. Poulsbo’s planning manager said current standards were designed for greenfield subdivisions and often force costly curb, gutter, sidewalk, stormwater, and utility upgrades on small infill sites, sometimes adding tens of thousands of dollars and causing projects to be abandoned. A Seattle-based developer made similar points about small middle-housing projects being burdened by frontage work, curb ramps, buried standards, and EV-ready parking requirements that can trigger expensive undergrounding. Committee members asked about possible state-level changes, including whether child care should be treated as an essential public facility and whether parking requirements had already been reduced; one senator noted that minimum parking requirements for child care facilities were eliminated in prior legislation, with implementation phased in over the next few years.

Transcript Highlights:

• You know, how much laboratory space, how much teaching space, how much office space.
• You know, how much laboratory space, how much teaching space, how much office space.
• You know, how much laboratory space, how much teaching space, how much office space.
• hospital rooms being used as office space.
• But the research space there is new.

Committee: House Appropriations

Summary: The committee first heard Senate Bill 2271, which would formally place adult residential facilities in code and rebase their Medicaid reimbursement rates. Sponsor Chairman Ruby and HHS staff explained that these facilities, often serving people with dementia or acquired brain injury, are reimbursed at a much lower rate than skilled nursing care and help reduce bottlenecks in higher-level facilities. Members questioned how the program differs from basic care and nursing facility memory care, and the bill was referred to the HR section for deeper review before possible action on Monday. The committee then took up Senate Bill 2396, as amended, which would authorize an independent third-party performance audit of the Department of Commerce and the North Dakota Development Fund, with findings shared with the state auditor. Sponsors said the proposal was prompted by concerns raised in testimony and that a private audit could begin faster than a state audit. The committee adopted an amendment adding an emergency clause and directing the report to the Legislative Audit and Fiscal Review Committee, then passed the bill 20-0 with 3 absent. Next, Representative Clemine presented Senate Bills 2226, 2036, and 2037. SB 2226 would presume an incarcerated person indigent at initial appearance so counsel can be provided at that critical stage; the commission said the appropriation would fund contract attorney hours, and the bill was sent to HR for further review. SB 2036 would create procedures for determining juvenile fitness to proceed in delinquency cases, with a $500,000 appropriation for mental health evaluations, and SB 2037 would begin a juvenile criminal code framework and include a $300,000 appropriation for fitness-to-proceed evaluations; both were also referred to HR, with some concern raised about staffing and overlapping functions. After a short break, the committee heard education-related appropriations bills. SB 2234 would replace expired ESSER funding for Choice Ready grants, but members noted the program was not included in the K-12 budget and sent it to E&E for comparison with existing appropriations. SB 2286, a University of North Dakota request for a new nursing school facility, drew extensive discussion about the age and condition of the current building and the size and scope of the project; the committee ultimately adopted a do-not-pass motion 22-0. SB 2213, the “science of mathematics” bill modeled on the science of reading initiative, would fund math professional development and implementation; it was also referred to E&E for further review. The committee then briefly passed the Racing Commission budget, SB 2023, and began discussion of the Trust Lands budget, SB 2013, including a proposed retention increase for investment-related positions.

Transcript Highlights:

• I mean, I live in the health care space. I'm a pharmacy owner and a pharmacist.
• A number of lead agencies have gotten into this space. I can hardly agree.
• As, again, providers continue to step out of the space or not step into the space, that might have to
• It is in the type of insurance that we have to maintain just for being in this space.
• Part of it is, and we can provide some additional context... space.

Summary: The Human Services Subcommittee held its first meeting of the term and heard introductory remarks from the chair, vice chair, ranking member, and members, who broadly described their interest in child welfare, mental health, aging services, homelessness, and agency accountability. The chair then outlined the subcommittee’s jurisdiction, including child welfare, mental health and substance abuse safety net services, domestic violence, developmental disabilities, elder services, and child support, and introduced the Department of Children and Families (DCF) as the first agency panel for the term. DCF presented an implementation update on HB 7089, a 2024 law aimed at increasing accountability and transparency for community-based care (CBC) lead agencies that deliver most child welfare services under contract. The department said the bill was prompted by forensic examinations that found problems such as noncompetitive procurement, related-party transactions, excessive executive compensation, and weak financial oversight. DCF described new contract requirements and monitoring tools covering board governance and annual training, conflict-of-interest disclosures, financial penalties for noncompliance, fidelity bond requirements, limits on direct service provision by lead agencies, related-party procurement rules, procurement thresholds, real-property approvals, compensation caps, expanded public reporting, and a new Future of Child Protection and Funding Work Group. DCF reported that some lead agencies had completed required board training, others were still on schedule, and two agencies exceeding the direct-service threshold had been referred to the Auditor General. Members asked DCF about the reasons for the bill, the impact on children, the work group’s regional representation, aging-out youth, the Embrace Families transition, board training requirements, and whether enforcement actions had been taken. DCF said the bill was intended to protect funds for children and families and improve oversight, and clarified that the Central Florida lead agency contract was awarded through competitive procurement rather than an absorption. DCF also said the board training was designed to be meaningful but not overly burdensome, with timing left partly to lead agencies as they implement the new requirements. The committee then heard from two CBC leaders, who generally supported the accountability goals of HB 7089 and said their agencies had already addressed most of the new governance and disclosure requirements. They reported that board training had been completed or was being scheduled, but both agencies said the fidelity bond requirement has been difficult or impossible to obtain in the market as written, though they were able to secure the separate performance bond. The CBC witnesses also warned that recruiting providers is increasingly difficult, especially for higher-acuity children and group-home placements, due to limited provider supply, regulatory burden, insurance costs, and rising risk. They said these pressures are contributing to budget deficits in some areas and urged lawmakers to consider the funding model, insurance and indemnification issues, and the risk of overregulation reducing provider participation.

Transcript Highlights:

• staff is staffed to use the entire capacity of the facility, so we don't have a lot of additional space
• They see open access to living spaces.
• They see open access to living spaces.
• We also are needing to... ...doors and moving recreational spaces.
• The grounds have adequate outdoor space.

Committee: Unicameral Health and Human Services

Transcript Highlights:

• As the first priorities, we must be dominant in space and across the information environment. leveraging
• We need to build a cyber space counter space to ensure that the United States can see understand decide
• That's somewhat reassuring, but I think that with all the crimes that are going on in the crypto space
• , I think that we should not be disbanding any efforts that we have in that space.
• you need to do in that region, understanding we're in an unclassified space.

Committee: Senate Senate Armed Services Subcommittee on Personnel

Keywords: Indo-Pacific Command, U.S. military strategy, China military drills, Taiwan, Philippines, North Korea, defense budget, military modernization

Summary: The meeting focused on significant strategic discussions regarding the U.S. Indo-Pacific Command and its military posture in the region. Admiral Paparo and General Brunson were commended for their services, with the Chair noting an alarming shift in the balance of power towards China. Key topics included China's aggressive military drills near Taiwan, the increasing coercion against the Philippines, and the need for the U.S. to reaffirm its commitments to its allies in the region. Concerns were raised regarding China's military modernization and its implications for U.S. forces, alongside discussions on North Korea's threats and its burgeoning nuclear capabilities. The committee emphasized the urgent need for military and defense appropriations to counteract these growing security challenges.

Transcript Highlights:

• for everyone, not only for our community, but also for the employees that work in this particular space
• I know you've done a lot of work in the space to see how we can further strengthen this bill and to get
• The desire to make spaces safer, especially for women, queer folks, and other vulnerable communities,
• , and this permit allows for controlled alcohol service in those spaces.
• They are neighborhood anchors, gathering spaces, job creators, and living history.

Committee: House Governmental Organization

Summary: The Governmental Organization Committee heard a series of bills on holidays, procurement, disaster recovery, public safety, nonprofit payments, and restaurant regulation. AB 268 would add Diwali as an official state holiday, with the authors and supporters emphasizing recognition of Hindu, Sikh, Jain, and Buddhist Californians and no opposition heard. AB 770 would define “customary maintenance” for outdoor advertising displays to clarify billboard maintenance rules; the bill was framed as a safety and regulatory consistency measure and was moved forward after a motion and roll call. AB 783 would authorize the Department of General Services to negotiate bulk purchasing arrangements for construction materials to lower rebuilding costs after disasters; members raised concerns about state contracting, storage, and market competition, and the author said the bill would be refined with amendments and a sunset provision. The bill passed as amended to the Assembly Committee on Emergency Management. The committee also approved AB 381, which updates state procurement rules to address human trafficking and forced labor in supply chains by aligning California standards more closely with federal guidance. Supporters said the bill would give clearer compliance guidance to contractors and help prevent exploitation, while a question from the committee clarified that prison labor products would not be treated as forced labor under the measure. AB 668 would extend drink-spiking prevention measures to music festivals by requiring availability of test strips and drink lids and adding reporting requirements; supporters described personal experiences with roofieing, while festival and venue representatives opposed the bill unless amended, citing cost and operational concerns. Despite that opposition, the bill advanced to Appropriations. Later, AB 880 was heard to require prompt payment and fair reimbursement of direct and indirect costs for nonprofits receiving state grants, closing a prompt-payment loophole and drawing broad support from nonprofit and county health groups. AB 989 would establish California Native American Day as a paid holiday, with the author and tribal supporters describing it as a step toward recognition and reconciliation for California’s first people; it also advanced. Finally, AB 592 would extend temporary outdoor dining and alcohol service flexibilities for restaurants, with strong support from restaurant owners and business groups and opposition from alcohol policy advocates who preferred a shorter extension or permanent grandfathering. The committee approved the bill as amended, and the meeting adjourned after roll calls on the measures and consent calendar.

Transcript Highlights:

• WE TALK ABOUT THE DELIVERY OF CT WE ARE REALLY LOOKING AT TWO PRIMARY AREAS IN THE POSTSECONDARY SPACE
• WHEN YOU BREAK THAT DOWN BETWEEN WHAT IS HAPPENING IN THE SECONDARY SPACE AND POST SECONDARY SPACE YOU
• CAN SEE IN THE SECONDARY SPACE A 92% INCREASE IN CAPACITY AND FOR POSTSECONDARY 42% INCREASE.
• AND $30.1 MILLION GOES TO THE POSTSECONDARY SPACE.
• ARE GOING AS A COURSE STATE IN DEVELOPING SPACE INDUSTRY AND WHAT WE SEE HAPPENING.

Transcript Highlights:

• needs are and how to better use the campus in the space that we have.
• I can look it up, but it's been a while since we did a study of the space that's up there.
• We do lease out some of the building space that we have. And I think some of them, we've so...
• The building space that we have.
• It is more useful space and more effective for the employees to not have to go all over campus.

Bills: SB2399

Committee: Senate Appropriations - Human Resources Division

Summary: The committee reconvened and first reconsidered House Bill 1612, the aerospace medical and mental health support center bill. Senator Cleary offered an amendment to reduce the general fund appropriation from $500,000 to $250,000 and require the university or project sponsors to find the remaining funding from other sources. The amendment passed, and the bill was then recommended do pass as amended, with members citing concerns about university funding, but others supporting the project as a one-time seed investment. The committee also discussed a possible future FMAP increase beginning October 1, 2026, which could reduce general fund costs by roughly $9 million, though members noted the figures were still preliminary and could be addressed later if needed. The committee then returned to Human Services budget items, including early childhood and child care funding, a community cultural center grant, and several other adjustments. Members discussed reducing the “best in class” amount, changes to child care grants and quality/infrastructure funding, and clarifying that prior child care assistance appropriations were in fact being spent. They also agreed to reduce the 1915(i) Medicaid waiver line by $2 million, with the understanding that the entitlement would still be funded as needed. The committee also considered taking guardianship funding out of House Bill 1012 because a separate bill, Senate Bill 2029, would move that funding elsewhere; members agreed that removing it from the budget could help the overall bill and could be restored if the separate bill failed. Several study amendments were discussed. Senator Cleary proposed adding a maternal health study related to prenatal services, doulas, midwives, and Medicaid, and members expressed support. The committee also discussed a software/case-management study proposal, but the department said it had not requested it and would not support it as presented, so members leaned against advancing it unless the department first evaluated it. Another amendment would authorize the department to work with the city of Grafton on a long-term plan for the LSTC campus and require a report back to the legislature; members supported that as legislative intent. The committee also agreed to remove a truancy study section for later conference discussion, and it reviewed other possible study ideas, including assistive technology, before adjourning to await updated long sheets and bill text.

Transcript Highlights:

• It adds that nothing precludes a temporary safe space to be used during removal of a student from his
• A student's voluntary use of quiet space for self-calming is not really covered.
• requires any individual who has unsupervised access to children in a licensed facility or program space
• It adds a definition for licensed facility or program space to include the entire private residence or
• It adds a definitions for licensed facility or program space to include the entire private residence

Summary: The committee met for its final executive session of the session and took up several House bills related to early learning and K-12 education. House Bill 1795 on restraint and isolation in schools was briefed as prohibiting mechanical, chemical, and certain physical restraints, limiting isolation, and barring new isolation rooms; a proposed amendment to the striker was defeated, and the bill then advanced. House Bill 2219 on child care licensing and drug safety was briefed as requiring licensed child care settings to be free of high-potency synthetic opioids, drug paraphernalia, and manufacturing equipment, with amendments to add drug testing and broader controlled-substance prohibitions; both amendments failed, and the striker was adopted before the bill advanced. House Bill 1295 on literacy was described as setting curriculum and educator training requirements; the committee adopted a striking amendment that removed some district implementation and continuing-education requirements, then advanced the bill. The committee also heard briefings on House Bill 1634 on behavioral health supports in schools, House Bill 2557 on timelines for special education evaluation reports and eligibility meetings, and House Bill 2636 creating a public education review steering committee and JLARC review process, all of which had no amendments at the briefing stage. In formal action, the committee voted to adopt the striker on HB 1295 and then passed HB 1795, HB 2219, HB 1295, HB 1634, and HB 2557 out of committee with due pass recommendations. HB 2636 was also advanced, but to the Ways and Means Committee rather than the Rules Committee. Several members noted concerns about costs and unfunded mandates, particularly regarding literacy implementation and child care safety provisions, while supporters emphasized student safety, child care safety, and clarity in existing law. The meeting ended with thanks to staff and adjournment.

Transcript Highlights:

• at 279 Pleasant 10,500 squ ft space at 279 Pleasant Street<00:16:22.199><c> in</c><00:16:22.440><c>
• at office space from conquered hospital at 250<00:18:11.559><c> Pleasant</c><00:18:12.000><c> Street
• and we're really some office space and we're really excited<00:22:07.120><c> to</c><00:22:07.279><c>
• The state does recuperate its costs through this agreement for the space. Thank you. Any questions?
• The state does recuperate its costs through this agreement for the space. Thank you. Any questions?

Summary: The Long Range Capital Planning and Utilization Committee met in organizational session and first elected Representative John Cluder as clerk. A nomination of Senator Mark Makoni as vice chair was made but not voted on because he was absent; it was carried over to the next meeting. The committee also reviewed its guidelines and procedures, including how it handles property-disposal requests, late items, and informational materials, and then approved the November 12, 2024 minutes with one abstention from a member who had been absent. The committee then considered several state property and lease requests. It approved a 50-year, $1-per-year ground lease for about 5.66 acres at Berlin Regional Airport in Milan for a New Hampshire Army National Guard hangar/support facility, after hearing that the project is federally funded, intended for training and search-and-rescue support, and would have no permanent full-time staffing. The committee also approved a 30-year lease for the Department of Justice to move the chief medical examiner’s offices, morgue, and autopsy suite to 279 Pleasant Street in Concord, with testimony that the current Concord Hospital space is inadequate and that the new site would double body-storage capacity. Several Department of Safety and Department of Transportation property items were approved as well. Safety received approval for a 10-year lease, with renewal options, for the State Police aircraft hangar at 91 Airport Road in Concord. Transportation was authorized to continue disposal efforts for remnant parcels in Concord, Conway, Lisbon, Effingham, and Mount Vernon, with testimony explaining market conditions, appraisals, access limits, and easements; members asked questions about access and buildability, but each item was approved. During the Berlin lease item, the committee was told the FAA objects to any lease longer than 50 years at that airport, so the request was revised from 55 years to 50 years on the record before approval.

Transcript Highlights:

• Just the month of July alone, we need additional space. We want to keep the clients we have.
• We need the infrastructure which you provide support for, as well as additional space.
• We are out of space at both of those for some of our events for the month of July.
• If you look at the very, very best case, we have 22,000 parking spaces on the property.
• </c> to have some additional parking spaces to have some additional parking spaces acknowledge<00:37:

Summary: The committee first took up House Bill 2, which would address the taxation of currency and bullion and was presented as a response to last session’s dispute over whether a line-item veto could be applied to a revenue measure. The sponsor said the bill, as amended by Committee Substitute 2, was largely technical but also made the tax exemption retroactive to August 1, 2024 while making the $1,000-per-day penalty prospective only. Members asked about fiscal impact, possible legal liability for executive branch officials, and whether the issue should instead be resolved by the courts. The sponsor argued the Constitution limits the governor’s line-item veto power to appropriations, not revenue bills, and said the bill would create a judicial remedy and refund process if the executive branch continued collecting the tax. The committee approved the committee substitute and then passed House Bill 2 by a vote of 19-1, with two members passing; the bill was reported favorably to the floor. During discussion, Representative Bojanowski voted no, saying he could not support removing taxes on gold bars while parents pay taxes on diapers. Representative Gentry passed, saying he supported the original intent but was not yet convinced and wanted more time to review the issue. The sponsor also clarified that any liability would be joint and several and could involve executive officials or their budgets if the tax collection continued despite the exemption. The committee then heard a discussion-only presentation on the Kentucky Exposition Center Redevelopment Plan Phase 2. Facility representatives described Phase 1 and the planned Phase 2 expansion, saying the center had record attendance and needed more space to remain competitive and meet client demand. They said Phase 1 was about 20% complete, with completion now expected in October 2026 and an opening target of December 31, 2026 after a short testing period. Phase 2 would follow, including demolition of the West Wing, utility work, and improvements to food service and circulation areas. They said the project would be funded without federal dollars and estimated that, once complete, it could generate about $683 million in annual economic impact, $302 million in state sales tax, and 850,000 room nights in Jefferson County.

Transcript Highlights:

• They've done a great job in the space.
• They've done a great job in the space.
• They've done a great job in the space.
• They've done a great job in the space.
• </c> their Rec uh independent living space their Rec uh independent living space it's<00:25:37.760><c

Committee: Senate Executive Departments and Administration

Transcript Highlights:

• We do have the space. We have the room. We do have the space.
• </c> How how big a space? How how big a space?
• </c><00:33:05.919><c> already</c> capital when we have space already capital when we have space already
• </c> whether the the climate control space whether the the climate control space should<01:22:32.320>
• </c> want them hitting that small space want them hitting that small space widening<01:34:06.880><c>

Committee: Senate Capital Budget

Transcript Highlights:

• So who's already building in the space?
• So who's already building in the space?
• Building in the space.
• I appreciate the opportunity to continue to work in the space with you.
• As mentioned, this is a fast-moving space.

Summary: The Assembly Banking and Finance Committee held an informational hearing on digital asset innovation, with opening remarks framing cryptocurrencies, blockchain, stablecoins, tokenization, and decentralized finance as a growing part of the financial system. Dennis Porter of Satoshi Action Fund presented on the market size, institutional adoption, use cases such as remittances and small-business payments, and policy developments at the federal and state levels. He also discussed risks including volatility, cybersecurity, and illicit use, while arguing that clear regulation can support innovation and consumer protection. State Controller Malia Cohen then updated the committee on implementation of SB 822, California’s unclaimed digital asset law. She explained that the law applies to custodial accounts, not self-custodied wallets, and requires holders to conduct outreach before dormant digital assets are transferred to the state in native form. Committee discussion focused on how abandonment is determined, what counts as account activity, the expected timeline for notices and custodian procurement, and the administrative costs and staffing needed to run the program. Controller staff said the state is still building procedures, working with Oregon, and expects a significant increase in claims once the program is operational. Porter returned with a proposal for a California digital asset reserve fund built on unclaimed digital assets under SB 822. He argued the fund could be cost-neutral, use only high-quality digital assets, and include guardrails such as an advisory board, audits, and public reporting. Committee members expressed interest in diversification and consumer protection, but also raised concerns about volatility, documentation, and market downturns. The hearing ended after public comment from industry and advocacy representatives, including support from the California Blockchain Advocacy Coalition, the Crypto Council for Innovation, and Coinbase, all urging clear, technology-neutral policy to keep innovation and jobs in California.