Transcript Highlights:

• General bond obligation: $2,737 million.
• Altogether, the bill proposes approximately $4.58 billion in bonding for transportation programs.
• Our general obligation bonds are rated AA-plus by both S&P and Fitch and AA1 by Moody's.
• Bonds issued through this fund are AAA rated by S&P, the highest possible mark that can be granted.
• By having the option to bond through the CTF, we preserve general obligation debt capacity and other

Keywords: 995, all

Summary: The House received a Governor’s message on fiscal year 2026 supplemental appropriations, which was referred to the Committee on Ways and Means. The Committee on Rules reported several resolutions, including honors for Abby Goodman, a resolution reaffirming Massachusetts-Taiwan friendship, recognition of the Cambodian-American community’s Khmer New Year celebration, and Elks National Youth Week; the House suspended the rules and approved them. The House also concurred with Senate petitions on assisted living residences and medication administration in rest homes, sending them to the Committee on Aging and Independence. The main legislative business was House Bill 5279/5375, the transportation bond bill financing long-term improvements to municipal roads and bridges. Ways and Means recommended a substitute bill, House 5375, with a $2.737 billion general obligation bond authorization, and the House adopted the amendment and ordered the bill to a third reading. Later, the House took up House 5375 directly, heard support from members emphasizing Chapter 90 road funding, municipal flexibility, rural road mileage distribution, and broader transportation investments, and then passed the bill to be engrossed by roll call vote, 155-0. The House also passed House Bill 5371, authorizing grants of easements or takings of certain parcels of land to the city of Boston, to be engrossed. In addition, the chamber received and filed the Secretary of the Commonwealth’s report on the March 31, 2026 special election for the 5th Essex District, adopted an order to escort the Governor and Executive Council into the chamber, and administered the oaths of office to Representative-elect Andrew Tarr. The session ended with an order to adjourn until the next day at 11 a.m. in informal session.

Transcript Highlights:

• .<00:05:01.000> Um development.
• Um development.
• And it doesn't mean a $2,600 per month rent in a 400-plus unit mass development that out-of-state developers
• in a 400-plus unit mass development in a 400-plus unit mass development that<00:30:04.160> out-of-state
• <00:30:04.640> developers<00:30:05.200> quickly that out-of-state developers quickly

Keywords: 919, house, all

Summary: The House considered the conference committee report on House File 1141, a housing bill, and moved to adopt the report and repass the bill as amended. Rep. Howard said the compromise would help build thousands of new homes, keep Minnesotans housed, and improve transparency and collaboration with the Minnesota Housing Finance Agency, while remaining budget-neutral. He highlighted investments in housing infrastructure bonds, greater Minnesota workforce housing, manufactured housing, EHPAP, supportive housing, and a new provision for greater public access at MHFA board meetings, while noting that some Senate proposals, including a manufactured housing bill of rights and a ban on private equity home purchases, were not included. Several members spoke in support of the compromise. Rep. Kozlowski emphasized the bill’s role in addressing housing instability, homelessness, and workforce shortages, citing investments in first-generation homebuyer assistance, supportive housing, and preservation of beds and units. Rep. Skraba and Rep. West also supported the bill, with Skraba praising the bipartisan process and West arguing the bill focused on supply-side solutions such as manufactured housing and easing development constraints. Rep. Schultz opposed the bill, arguing the money should instead go to school safety, fraud prevention, asset preservation, and lowering costs for taxpayers. After brief discussion, the House adopted the conference report and advanced the bill to third reading.

Bills: HR46, HR47, HR48, HR49, HR50, HR51, HR52, HR53, HR54, HR55, HR56, HR57, HCR31, HB20, HB21, HB166, HB494, HB710, HB795, HB985, HB986, HB987, HB988, HB989, HB990, HB991, HB992, HB993, HB994, HB995, HB996, HB997, HB998, HR42, HR43, HR44, HR45, HCR22, HCR23, HCR24, HCR25, HCR26, HCR27, HCR28, HCR29, HCR30, SCR13, HB894, HB983, HB984, SB19, SB23, SB26, SB30, SB39, SB45, SB46, SB50, SB51, SB55, SB69, SB71, SB73, SB84, SB85, SB89, SB96, SB98, SB101, SB110, SB148, SB150, SB160, SB164, SB303, SB340, HB28, HB36, HB50, HB52, HB56, HB62, HB68, HB92, HB110, HB117, HB119, HB124, HB140, HB147, HB160, HB171, HB174, HB182, HB193, HB196, HB198, HB203, HB228, HB234, HB237, HB260, HB268, HB271, HB285, HB289, HB316, HB351, HB393, HB400, HB413, HB446, HB469, HB486, HB534, HB551, HB552, HB574, HB576, HB634, HB649, HB677, HB735, HB739, HB779, HB784, HB796, HB807, HB842, HB850, HB919, HB474, HB487, HB503, HB606, HB633, HB707, HB720, HB728, HB733, HB846, HB852, HB856, HB868, HB875, HB129, HB130, HB287, HB489, HB545, HB553, HB555, HB570, HB854, HB952, HB221, HB148, HB331, HB149, HB901

Keywords: HR 46, House Resolution 46, water well drillers, water wells, well drilling, driller licensure, licensing requirements, Department of Conservation and Energy, R.S. 38:3098.1, LAC 46.LXXXIX.507, professional references, two years drilling experience, workforce development, barriers to entry, water infrastructure, natural resources, groundwater, public health, state water resources, occupational licensing

Transcript Highlights:

• Why is it required from a bond repayment perspective?
• Why is it required from a bond repayment perspective?
• Why is it required from a bond repayment perspective?
• The original intention is that the bond has not been settled.
• We're addressing familial connections and sort of that bonding.

Summary: The committee first considered revisions to the JBC rules, which staff said were all prompted by acts passed in the 2025 legislative session. The rules were adopted without objection. Members then received a balanced budget presentation from DFA Secretary Jim Hudson on the governor’s FY27 proposal, which he said was built around three priorities: limiting state government growth, continuing investments in education, and advancing income tax cuts. He highlighted major additions for education funding, EFA growth, pay plan costs, higher education productivity funding, drug task forces, corrections medical costs, the governor’s 1033 initiative, SNAP error-rate reduction, and Medicaid sustainability, while also explaining a new A/B funding category structure intended to prioritize recurring costs and preserve room for tax cuts. Members questioned Hudson about the cost of income tax reductions, the constitutional balanced-budget requirement, education funding, the Educational Adequacy Fund, Medicaid trust fund balances, and the impact of federal changes on Medicaid and SNAP. Hudson said each tenth of a percent income tax cut would cost about $58 million, the budget remained balanced, public education would still receive historic increases, and the Medicaid trust fund would be monitored closely with additional set-asides proposed. He also said the FY27 SNAP administrative cost increase would be about $18 million. The committee then heard from the Division of Higher Education, which reported institutions were 2.61% more productive overall and that the budget recommendation followed the statutory productivity formula. Questions focused on why some institutions were receiving decreases or large increases, how the formula works, and how the new return-on-investment metric and committee composition would affect future funding. The committee approved several higher education-related actions, including personnel changes for nine institutions and special language for North Arkansas College’s move into the University of Arkansas system. Staff then walked members through the higher education appropriation summary, explaining large percentage increases at several institutions were tied to federal funds or corrected carry-forward issues, including the U of A School of Mathematical, Sciences and the Arts, South Arkansas College, SAU Tech, ASU Mountain Home, and ASU Newport. Members also discussed UAPB’s 1890 extension program and the University of Arkansas Division of Agriculture’s land-grant matching funds; officials said UAPB’s recommendation was being aligned with actual spending and that the Division of Agriculture’s Smith-Lever and Hatch matches were included within its overall appropriation. The committee ultimately adopted the Higher Education Coordinating Board’s recommendations for all institutions and then moved on to the Department of Corrections section, with the chair outlining how the committee would proceed through those appropriations by section.

Transcript Highlights:

• , the House Standing Committee on Bonding, we used to do oversight hearings.
• So in order to assist municipalities in meeting the requirements of the Open Space Act, we developed
• So in order to assist municipalities in meeting the requirements of the Open Space Act, we developed
• a natural resource site evaluation. and meeting the requirements of the Open Space Act, we developed
• Bonds. Bonds. Bonds. Bonds. Bonds. Two-thirds.

Keywords: 995, all

Summary: The Joint Committee on State Administration and Regulatory Oversight held an oversight hearing on draft regulations implementing Article 97 of the Massachusetts Constitution under Chapter 274 of the Acts of 2022, the Open Space Act. Chairs Cabral and Collins framed the hearing as a review of how the new process for dispositions or changes in use of Article 97 land would work, including public notice, environmental justice protections, replacement land, appraisals, and the role of the legislature. Under Secretary Stephanie Cooper and Commissioner Adam Bakke testified for EEA/DCAM, followed later by Deputy Inspector General O’Neill and Deputy Inspector General Giles on appraisal review. Much of the discussion focused on how the draft regulations would operate in practice. EEA said the regulations would require advance public notice, define “comparable location” for replacement land, and allow the Secretary to make findings on whether an action would adversely affect environmental justice communities. Members pressed for longer public comment periods, clearer notice to local officials, more frequent updates to the site evaluation tool, and a clearer definition of terms such as “limited duration” for permits and licenses. EEA said the regulations are intended to standardize a process that has been handled through policy and case-by-case review, and that the legislature still retains the final authority to approve any Article 97 disposition. Committee members also questioned whether the draft rules shift too much discretion to the Secretary and whether the proposed “proponent” process could allow private entities to drive Article 97 actions. EEA responded that non-public proponents would still need municipal support and legislative sponsorship, and that the regulations do not create a new avenue to bypass the existing home rule and legislative process. Members raised concerns about the current policy’s unanimous-vote requirements for municipal commissions, the proposed waiver provisions, whether MEPA applies, and the lack of explicit enforcement or penalty language in the act or regulations. EEA and DCAM said the act does not provide an enforcement mechanism and that disputes would generally be handled through the courts or the Attorney General. The Inspector General’s office explained its role in reviewing appraisals for special legislation, including Article 97 matters, to ensure compliance with USPAP standards and to forward its review to DCAM. The hearing did not include any votes or formal committee action; members indicated that the committee may later issue recommendations to the executive agencies based on the testimony and questions raised.

Transcript Highlights:

• Do you have access to climate bond resources, or is that not available to you?
• And then if all else fails, there's the bond market as well.
• The carbon-fluoride bond...
• Then in 2021, California developed new DPR regulations, which went into effect in 2024.
• Then once you know it's there, you can develop cell culture techniques.

Summary: The Assembly Select Committee on Biotechnology and Medical Technology held an informational hearing on the role of biotechnology industries in wastewater treatment, hosted at Bakar Labs on the UC Berkeley campus. Opening remarks emphasized California’s water scarcity, the rising cost of wastewater infrastructure, and the need to reuse and clean contaminated water. Committee members framed the hearing as a look at both current treatment challenges and emerging technologies that could improve water quality, affordability, and resilience over time. The first panel focused on statewide wastewater challenges. BACWA Executive Director Laurie Fono described wastewater plants as part of a broader circular economy, noting their roles in recycled water, environmental enhancement, biosolids management, carbon sequestration, and renewable energy generation. She highlighted major challenges including aging 1970s-era infrastructure, nutrient reduction mandates, sea level rise, evolving regulations, and PFAS source control. She said Bay Area agencies face about $11 billion in nutrient reduction costs, with rate increases, state revolving funds, WIFIA loans, and bonds as the main financing tools. Members asked about regional differences, energy revenue opportunities, smaller decentralized plants, and agricultural collaboration. The second panel featured researchers and lab experts discussing biotechnology solutions. Lawrence Berkeley National Lab’s Dr. Romine Chakarvati described using microbial communities and machine learning to help break down PFAS and treat produced water. CEL Analytical’s Dr. Yigi Dearborn explained pathogen testing for direct potable reuse, wastewater monitoring, and the need for larger sample volumes and more funding to validate methods for viruses and protozoa. Stanford’s Dr. Chunhung-Shin presented an anaerobic membrane system that turns domestic wastewater into clean water and energy with less biosolids and lower operating costs. Committee members asked about AI, assay development, scaling technologies, and funding priorities. Public comment from the California Association of Sanitation Agencies stressed the need to balance scalability, reliability, and affordability, and the hearing adjourned without any formal vote or action.

Transcript Highlights:

• Because the bonding company wants to surrender the bond. Right. And are you defense counsel? Yeah.
• that they want to surrender the bond.
• Is the purpose of this bill to make sure that a person that's on bond stays on bond?
• The bonding company wants to get off of the bond. I mean, I'm not aware where they have to do it.
• Like, how come the bond is so low?

Bills: HB47, HB1552, HB1686, HB1953, HB2151, HB2355, HB2582, HB2697, HB2895, HB3073, HB3418, HB47

Keywords: sexual assault, victim rights, forensic examination, medical care, trauma-informed care, crime victims compensation, evidence retention, child sexual abuse material, child pornography, digital services, reporting requirements, children's protection, sex offender registration, indecent assault, educator-student relationship, criminal justice, legislation, crime victims, compensation fund, information disclosure

Transcript Highlights:

• In the May revision specifically, we had some updates to the climate bond proposition proposals.
• The governor's budget proposed $2.1 billion in 2026-27 from the climate bond to continue critical projects
• wildlife refuges and wetland habitat areas, the May revision proposes $23.2 million from the climate bond
• Moving on from the climate bond, other significant investments...
• This funding will support low-barrier-to-entry workforce development jobs, and $16.4 million one-time

Summary: The hearing focused on the governor’s May Revision proposals for transportation, natural resources, climate, and related programs, with the Department of Finance and the LAO presenting competing views on the state’s fiscal condition. Finance said the budget remains balanced over two years, with major climate-bond, water, parks, transportation, DMV, and agriculture proposals, while the LAO argued the state still has a structural deficit and should reject or defer many new discretionary spending items, preserve reserves, and be cautious about ongoing commitments. The LAO specifically questioned the timing and scale of new spending for programs such as Clean California, Healthy Rivers and Landscapes, and the Golden Gate Fields acquisition, and urged more clarity on future obligations and revenue scenarios, including for the Greenhouse Gas Reduction Fund. A major portion of the hearing was devoted to the Healthy Rivers and Landscapes proposal for Bay-Delta water quality implementation. Secretary Wade Crowfoot and Finance described it as an enforceable, science-based alternative to a more traditional regulatory approach, with the state’s $25 million request intended to support early implementation, monitoring, habitat restoration, and environmental flows. The LAO countered that the Water Board has not yet adopted the updated Bay-Delta plan, that the proposal may be premature, and that the Legislature should wait for more information on the state’s total funding commitment and the program’s long-term costs. Several members expressed support for the program as a way to reduce conflict and protect water reliability, while others echoed concerns about timing and fiscal exposure. The committee also examined the proposed $125 million Proposition 4 contribution toward acquiring the Golden Gate Fields property for a shoreline park and habitat project. State officials said the acquisition is a time-sensitive, once-in-a-generation opportunity, with an appraised value of $175 million and additional philanthropic and local funding expected to close the gap. Members questioned whether the project had gone through the usual competitive process, whether the site is the best use of scarce park bond dollars, and how public access, habitat, and disadvantaged-community priorities would be protected. The discussion ended without a vote, and the committee moved on to transportation items including Clean California litter abatement, the Games Route Network, homeless encampment coordinators, and DMV modernization and field office proposals, with LAO recommending rejection or delay on several of those requests as well.

Transcript Highlights:

• Those bonds were issued, and now we've been doing two sessions of bond payments on that at about $102.6
• First of all, our Lignite Research, Marketing, and Development Program.
• We are in development stage right now. We're finalizing contracts.
• We are in development stage right now. We're finalizing contracts.
• payments, bond splits, ACHs, wires.

Summary: The committee received a compliance and budget update on Industrial Commission agencies and programs, including the Industrial Commission administrative office, the Oil and Gas Research Program, the Clean Sustainable Energy Authority, the State Energy Research Center, the Research Technology Park grant program, and related funds. Staff reviewed spending and balances for items such as electric grid resiliency grants, lignite research, enhanced oil recovery, the salt cavern business case study, and the new NDSU research and technology park grant. Members also discussed timing, carryover balances, matching requirements, and how some programs are structured to reimburse projects over several years rather than spend funds immediately. Karen Tyler of the Industrial Commission described the agency’s administrative budget, the grant management system nearing completion, and the transition to standalone audits and staffing after separating from other agencies. She also outlined the status of active grant rounds across lignite, oil and gas, renewable energy, outdoor heritage, and clean sustainable energy programs. Members asked about the length of active grants, demand for clean energy funding, and the possibility of future grant rounds. Tyler and members also discussed the salt cavern study, the need to better define its commercial value, and the research technology park grant’s cash-match requirement. Ron Ness then testified on enhanced oil recovery and broader oil and gas market conditions. He said North Dakota production remained steady, but future growth depends on infrastructure, longer laterals, and better use of natural gas and carbon dioxide for EOR. He described the state’s EOR grant round, the use of federal DOE funding to replace part of a state-funded project, and the expectation of additional grant rounds. Members asked about CO2 supply, storage, and the economics of using legacy fields and pipelines to extend oil production and support agriculture and industrial uses. The committee also heard from Bank of North Dakota President Don Morgan, who reviewed the bank’s mission, governance, lending verticals, disaster programs, and new initiatives. He said the bank is seeing deposit growth flatten and is responding to fintech competition by focusing on liquidity, risk management, and a new payment infrastructure initiative called Rough Rider Coin, which he emphasized is not crypto and not a public coin, but a banking payment rail for North Dakota institutions. Members asked about student loan rates, disaster lending, and how the bank’s lines of credit and balance sheet capacity are affected by deposit trends. Morgan said the bank remains profitable and continues to support agriculture, commerce, and industry through participation loans, student lending, and state-directed programs.

Transcript Highlights:

• significant Economic Development significant Economic Development opportunities<00:21:16.120>
• model called greet which was developed model called greet which was developed by<00:36:21.720>
• <00:41:09.040> in accelerating Staff Development in accelerating Staff Development in Minnesota
• pre-treatment facility uh from a bonding pre-treatment facility uh from a bonding perspective<01
• <01:32:26.679> Bill should have been in that bonding Bill should have been in that bonding

Keywords: 1183, house

Summary: The House Agriculture Finance and Policy Committee held an introductory meeting that began with housekeeping, a correction to the committee rules (the room number should be G3, not G35), and member and staff introductions. Members described their districts, agricultural ties, and priorities for the session, including consumer food costs, urban agriculture, farm economics, livestock disease preparedness, and support for Minnesota’s agricultural sectors. No votes were taken during the introductory portion. The committee then turned to sustainable aviation fuel (SAF). Deputy Commissioner Andrea Veble of the Minnesota Department of Agriculture said the Walz administration strongly supports SAF because of its potential for agriculture, forestry, and clean energy, and reviewed Minnesota’s 2023 SAF tax credit and related sales tax exemption. She said the state has feedstocks and should continue investing so Minnesota can attract SAF production and support rural jobs. Jeff Davidman of Delta Airlines testified that aviation is difficult to decarbonize and that SAF is the airline industry’s main path to net zero by 2050; he cited current use of SAF, the need to scale production, and Minnesota’s role in supplying feedstocks and hosting future production. Peter Frost of Greater MSP described the Minnesota SAF Hub as a public-private partnership aimed at building the full SAF value chain in Minnesota. He emphasized that Greater MSP is coordinating investors and partners to grow the regional economy and said the SAF effort is intended to create jobs and economic development. Committee members did not ask questions during the portion captured, and no formal action or vote was recorded on the SAF presentations in this transcript excerpt.

Bills: HR19, HR20, HR21, HR22, HR23, HR24, HR25, HR26, HR27, HR28, HR29, HR30, HR31, HR32, HR33, HR34, HR35, HR36, HR37, HR38, HCR15, HCR16, HCR17, HCR18, HB115, HB208, HB465, HB832, HB964, HB965, HB966, HB967, HB968, HB969, HB970, HB971, HB972, HB973, HB974, HB975, HR14, HR15, HR16, HR17, HR18, HCR14, SCR4, SCR7, SCR8, HB362, HB963, HB207, HB300, HB331, HB428, HB464, HB587, HB618, HB629, HB801, HB853, HB891, HB78, HB112, HB148, HB149, HB190, HB221, HB346, HB354, HB355, HB356, HB358, HB384, HB427, HB657, HB675, HB716, HB901

Keywords: HR19, House Resolution 19, Louisiana Nursery and Landscape Association Day, LNLA, nursery industry, landscape industry, horticulture, green industry, environmental stewardship, beautification, sustainability, state capitol, special day resolution, commemoration, trade association, wholesale growers, landscape architects, grounds maintenance, interiorscapers, Louisiana agriculture

Transcript Highlights:

• SECRETARY OF STATE OF THE BOND MAY BE WAIVED IF IT WOULD IMPOSE AN UNDUE BURDEN ON THE RESOURCES OF
• IF THEY DO THE WAIVER IS REVOKED AND THE BOND BECOMES DUE IMMEDIATELY.
• IN SUCH CIRCUMSTANCE THE AMENDMENT PROHIBITS PETITIONS FROM BEING VALIDATED UNTIL THE BOND IS POSTED
• HOW MUCH MONEY DOES ONE OF THESE ORGANIZATIONS HAVE TO PUT DOWN TO GET $1 MILLION BOND?
• THE ESTIMATES HAVE BEEN ANYWHERE BETWEEN ONE PERCENT AND 10 PERCENT AS A TOTAL AMOUNT OF THE BOND.

Keywords: 999, senate, all

Transcript Highlights:

• Is that a bond? So, Mr.
• And that's what I'm wondering: is that a bond? Mr.
• Chairman, my understanding is that that is a bond on the operator.
• That's how we deal with reclamation; we make them put up a bond.
• I want to highlight what economic development looks like in a rural community.

Keywords: 996, all

Transcript Highlights:

• If not, the first panel is on rural criminal justice workforce development.
• The first panel is on rural criminal justice workforce development.
• If you have been arraigned and have a bond set, and if you don't get bond, if you do not bond out, then
• You're charged with a low-level crime, but you can't afford bond to bond out.
• Our team has developed the watchdog program.

Keywords: 1184, house, all

Transcript Highlights:

• member mentioned, traditionally we have had these provisions and our natural resources and climate bonds
• AB 333 Alanis, waste glass market development payment, holding committee.
• AB 333 Alinez waste glass market development payment holding committee.
• AB 1439, Garcia, development project investments, do pass as amended to require a study to determine
• the cost of prohibiting investments in development projects not adhering to labor standard protections

Summary: The Assembly Appropriations Committee met on January 22, 2026, for its regular order hearing and suspense-file hearing. In regular order, the committee approved consent-calendar bills AB 683, AB 763, AB 1126, and AB 1278 on unanimous due-pass motions, and AB 34 and AB 442 on a second unanimous due-pass motion. The committee then heard and advanced several bills, including AB 35, which would create an APA exemption for Proposition 4-funded programs to speed implementation of water, wildfire, energy-storage, and grid-support projects; AB 748, establishing pre-approved housing programs for local agencies; AB 939, allowing immediate transfer of certain affordable homeownership units to qualified nonprofit housing organizations; AB 643, adding a narrow organic-waste-derived agricultural fertilizer product to SB 1383 procurement options; and AB 96, removing the high school diploma requirement for certified Medi-Cal peer support specialists. Testimony on these bills was largely supportive, with sponsors and coalition representatives emphasizing reduced delays, lower costs, and improved housing, environmental, or behavioral-health outcomes. The Department of Finance offered general budget comments but no bill-specific positions. The committee voted the bills out, with AB 643 and AB 96 receiving no recorded opposition in the transcript and AB 939 passing with some members noting support and interest in coauthoring. The committee also received a presentation-only discussion of AB 1091, a proposal to authorize eight-letter specialty license plates, which the author said could generate revenue for rural programs such as the Williamson Act; the bill was not acted on at that time. After public comment, the committee moved to the suspense-file hearing on 53 bills. Using a substituted motion for due-pass and due-pass-with-amendments items, the committee held some bills and advanced many others, often with amendments that narrowed scope, deleted provisions, or required reports or studies. Bills held in committee included AB 405, AB 298, AB 333, AB 296, AB 1091, AB 1241, and AB 577, among others. The committee reported moving 43 bills to the Assembly floor, with several on A roll calls and others on B roll calls or with amendments, and noted that amendment language would be posted later online.

Transcript Highlights:

• Pending re-referral from the Housing and Community Development Committee. Without objection.
• The Bulldogs football team is about more than just winning games, it's a holistic development program
• A child who develops strong literacy skills is more likely to succeed in school, in their career, and
• . bonds that is unbreakable between that parent, that caregiver, and their child.
• That simple but powerful credo, to be effective, your world has to be your bond.

Keywords: 988, house, all

Transcript Highlights:

• Speaking of Israeli bonds, that is my bill.
• Florida currently holds 310 million dollars in these bonds.
• Developers don't get to just do this on their own initiative.
• But they still have to mitigate any development on that property.
• You've got a private interest that wants to develop the land.

Transcript Highlights:

• Public education and workforce development are very important for the future of Texas.
• So workforce development, as Senator Roy said, is very important to me in economic development.
• So workforce development, as Senator Roy said, is very important to me in economic development.
• or have bonding authorization.
• or have bonding authorization not they want to do a bond or have bonding authorization and they understand

Bills: SB 1

Keywords: campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards

Summary: The Senate Finance Committee convened for its first hearing of the 89th regular session, confirmed a quorum, adopted committee rules by a 15-0 vote, and began review of Senate Bill 1, the state budget for fiscal years 2026-27. Chair Huffman outlined the committee’s organization, introduced staff, and described the budget as conservative and focused on one-time investments. She highlighted major SB 1 priorities including property tax relief, full funding for public education formulas, teacher pay, school safety, border security, Medicaid growth, dementia research, energy and water infrastructure, transportation, wildfire suppression, and other capital and public safety needs. Comptroller Glenn Hager presented the biennial revenue estimate, saying the state has $194.6 billion available for general-purpose spending in 2026-27, with a projected $23.8 billion ending balance from the current biennium. He cautioned that revenue growth is returning to more normal levels and that lawmakers should avoid committing short-term surpluses to ongoing expenses. He also explained that the Economic Stabilization Fund is projected to hit its constitutional cap, meaning an estimated $5.6 billion in severance tax and related revenue would remain in general revenue in the upcoming biennium rather than flow into the fund. Senators discussed whether to raise or rename the fund and the implications of keeping more severance-tax revenue in general revenue. The Legislative Budget Board then gave an overview of SB 1 and the budget’s major funding changes. LBB staff explained that the bill is essentially flat at $332.9 billion in all funds, but includes large method-of-finance shifts and major property tax relief. They detailed how prior property tax relief enacted in the 88th Legislature grew from an estimated $18 billion to $22.7 billion because of higher property values and hold-harmless provisions, and said SB 1 continues that relief with a total of $51 billion in ongoing and new property tax support. Members asked extensive questions about the automatic growth in school tax compression, the constitutional homestead exemption, COVID-era federal funding, Medicaid assumptions, and the sunset of the non-homestead circuit breaker. No additional votes or final budget actions were taken beyond adoption of the committee rules.

Transcript Highlights:

• They will also periodically issue bonds.
• Value of the sale price of the bonds.
• So when you issue bonds, you got to pay the bonds back, you have paying back with interest, and you use
• You can buy other things. with bonds too and and when you when you issue bonds you're just really not
• funds with the length of the bond. bond, and so what I mean by that is if you have a 30-year note, it's

Keywords: 1184, house, all

Transcript Highlights:

• bonds and housing infrastructure bonds<00:05:13.960> debt<00:05:14.200> service<00:05:
• There's no reason we should be paying 50% more on bonds than the actual principal of the bonds to begin
• There's no reason we should be paying 50% more on bonds than the actual principal of the bonds to begin
• There's no reason we should be paying 50% more on bonds than the actual principal of the bonds to begin
• There's no reason we should be paying 50% more on bonds than the actual principal of the bonds to begin

Keywords: 918, senate, all

Summary: The Senate Finance Committee took up Senate File 203, a broad housing bill authored by Senator Port. Port described the measure as a package including $50 million in housing infrastructure bonds, MHFA administrative and investment reforms, expanded Greater Minnesota infrastructure grants for workforce housing, manufactured housing bill of rights provisions, and a private equity restriction on large investors buying certain single-family homes starting in 2026. Fiscal analyst Eric Olafson walked through the spreadsheet and said the $50 million bond authorization would add debt service costs over time, with the total estimated debt service for that authorization at about $75.8 million. Senator Draheim raised concern about the growing cost of bonding and said the state should rely more on cash than debt. The committee then adopted two technical amendments. The A21 amendment, described by Port as correcting manufactured housing bill of rights language, aligning MHFA board meeting language, conforming a lived-experience exemption to federal law, and fixing a capacity-building grants reference, was approved without objection. The A20 amendment, offered by Draheim, was also adopted and would give the legislature more control and visibility over MHFA funding and how quickly program dollars are reinvested after agency operations. Members then debated Draheim’s A22 amendment, which would delete the manufactured home park provisions from the bill. Draheim and several Republicans argued the section could function like rent control, could burden good park owners, and might have unintended consequences for park operations and purchases. Port, Senator Boldon’s allies, and other supporters said the provisions were needed to protect residents from rent spikes and private equity abuses in manufactured home communities, where residents own their homes but not the land. The transcript ends during that debate, before any final disposition on A22 or the bill itself is shown.