Transcript Highlights:

• development plan to really reach out to me.
• development plan to really reach out to me.
• Your department and USDA Rural Development.
• Most of our new development is.
• I appreciate the insight on the bonding.

Keywords: 908, all

Summary: The committee met to continue its tax reform and relief study agenda, approved the December 3, 2025 minutes, and announced a new subcommittee to examine property tax statement issues with counties, auditors, and the tax office. Representative Headland was named chair, Senator Rummel vice chair, and Representatives Dressler and Dr. Dr. and Senator Patton were also assigned. The chair noted the group may need an additional meeting and thanked staff and attendees. A major portion of the meeting focused on economic development incentives. The Department of Commerce presented on the Renaissance Zone program and TIF districts, describing Renaissance Zones as locally tailored tools that combine local property tax relief with state income tax incentives. Commerce said the program has supported thousands of projects since 1999 and cited examples from Beach and Mandan showing increases in property and taxable value, business retention, housing, and downtown revitalization. Committee members raised concerns that smaller rural communities often lack the staff and expertise to apply, and Commerce said it provides outreach through conferences, office hours, and one-on-one assistance. League of Cities and local officials from Bismarck and Ellendale echoed the capacity issue, discussed how the programs have worked in their communities, and suggested possible reforms or more targeted support for small towns. Ellendale’s mayor also described two TIF districts, one for industrial infrastructure in Oaks and one for housing infrastructure tied to a data center project in Ellendale. The committee then turned to stripper oil taxation. The Tax Department gave a comparison of oil and gas tax structures in selected states, noting that most have some form of stripper or marginal well provision, while Alaska does not appear to have a specific stripper-well exemption. Members asked for more detail on definitions and North Dakota’s annual adjusted rate. The Department of Mineral Resources followed with a detailed presentation on North Dakota stripper wells, explaining the statutory thresholds, the 12-consecutive-month production test, and the fact that once a well qualifies it remains on stripper status even if production later rises. DMR said about 11,332 stripper wells are active, representing roughly 54% of wells and about 16% of state production, and emphasized that stripper status can extend well life, preserve tax revenue, and reduce orphaned wells. Committee members and industry witnesses discussed refracs, the economics of keeping marginal wells active, and the competitive disadvantage created by North Dakota’s oil price discount. No votes were taken on these informational items.

Transcript Highlights:

• HB 3526 by Capriglione, relating to fiscal transparency for bonds issued by local government entities
• HB 5008 by Bell of Kaufman, relating to the use of the skills development fund by certain entities.
• Speaker, members, this bill makes grant processes at the Water Development Board more efficient.
• Members, this bill passed unanimously in the Trade, Workforce, and Economic Development Committee.
• Members, this bill passed unanimously in the Trade, Workforce, and Economic Development Committee.

Summary: The House convened with a quorum, heard the invocation and pledges, and then took up a series of memorial resolutions and recognitions. Members adopted memorial resolutions honoring former President Jimmy Carter and Dr. Alice Gail Hudgens, with remarks highlighting their public service and community impact, and adopted resolutions recognizing Victoria College’s 100th anniversary and May 2025 as Mental Health Awareness Month. The chamber also recognized Texas A&M system interns and later granted permission for several committees to meet while the House was in session. The House then moved through a long third-reading calendar, passing a number of bills on wide margins. Measures approved included SB 304 on municipal court jurisdiction over nuisance abatement ordinances, SB 608 on reporting evidence collection kits, SB 2312 creating a Texas Advisory Committee on Geopolitical Conflict, SB 494 creating a petroleum theft task force, SB 530 on postsecondary accreditation, HB 45 giving the Attorney General a role in prosecuting human trafficking cases, HB 35 on peer support for first responders, HB 47 and HB 3073 on sexual assault policy and prosecution, HB 318 and HB 3000 creating rural sheriff and ambulance grant programs, HB 554 on Juneteenth fireworks sales with county opt-in authority restored, HB 705 and HB 932 joining licensure compacts for cosmetology and occupational therapy, HB 849 allowing county park boards to meet by video conference, HB 1119 on mental health bed reporting, HB 3041 on students with nontraditional secondary education, HB 713 on maternal mortality review reporting, HB 3104 on Webb County bailiff appointments, HB 3970 on electricity planning for large loads, HB 4042 on Railroad Commission safety provisions for gas distribution pipelines, HB 4490 protecting next-of-kin information, HB 1731 on the physician assistant compact, HB 2607 on Walker County Hospital District governance, HB 3689 on Texas Windstorm Insurance Association funding, HB 1788 on continuing education for barbers and cosmetologists about abuse and trafficking, HB 1612 on hospital direct payments for uninsured patients, and HB 138 on health impact cost and coverage analysis. Several bills drew extended debate or amendments. HB 353, creating a trespass offense near schools and daycares, prompted questions about constitutional concerns and property rights before passing. HB 3211 on optometrists in managed care plans received a perfecting amendment and a Medicaid-related amendment setting a minimum payment level. HB 1056 on gold and silver specie and a state-based currency prompted detailed questioning about its mechanics and fees, followed by a point of order challenging the caption. The House also adopted or postponed a number of items, including postponing HB 2520 and HB 1359 until later in the calendar before later passing both, and laying several bills on the table subject to call. Many measures passed overwhelmingly, while a few, including HB 3326 on loan forgiveness for adjunct professors and HB 3237 on energy consumption goals, passed with narrower margins.

Transcript Highlights:

• We have City Manager Erin Serra here, Cassie Arias-Ward here, Economic Development.
• a revolving series of general obligation bonds. for street repairs.
• You know, soil and dust mitigation for developments.
• When they're going to develop their properties, Mr.
• We do that in Albuquerque when we're developing properties, especially when we develop large residential

Transcript Highlights:

• So, what this bill does is just state that the bonding pool, the money in the bonding pool that's invested
• <00:03:13.519> pool pool, the money in the bonding pool pool, the money in the bonding pool
• the distant future a self-bonding the distant future a self-bonding uh<00:03:26.000> pool
• , not just the BLM bonding, so state bonding and Oil and Gas Commission bonding as well.
• Bonding, not just the BLM bonding, so state bonding and Oil and Gas Commission bonding as well.

Bills: SJ0001, SF0017

Keywords: mineral leasing, federal lands, Wyoming, energy policy, local control, federalism, forestry management, good neighbor authority, state lands, employee funding, donations, revolving account, 916, all

Transcript Highlights:

• So as rates rise, bond prices fall; in a falling rate environment, having a higher duration would be
• But bond prices fall. In a falling rate environment, having a higher duration would be beneficial.
• Again, public equities increasing; fixed income, whether it be long-duration bonds, core bonds, TIPS,
• Again, public equities increasing fixed income, whether it be long duration bonds, core bonds, tips,
• Bonds, TIPS, modestly decreasing, and as a result, the portfolio increasing exposure to public equities

Summary: The Joint Committee on Public Employee Retirement held a hearing focused on the Missouri State Employees’ Retirement System (MOSERS) and its long-term financial condition. MOSERS Executive Director Abby Spieler and investment consultant Tim McKinery outlined the system’s structure, membership, funding policy, and investment approach. They reported that as of the June 30, 2025 valuation, MOSERS had a 55.4% funded ratio, about $17.4 billion in liabilities, and about $9.6 billion in assets. They explained that the FY27 employer contribution rate was certified at 32% under the board’s minimum contribution policy, up from 30.25%, and said the increase is tied to a $46 million new decision item in House Bill 5. The presentation emphasized that MOSERS is a mature plan with more retirees and inactive members than active employees, and that slow or declining payroll growth has made it harder to pay down unfunded liabilities. MOSERS described recent policy changes intended to improve long-term stability, including lowering the investment return assumption over time, updating mortality assumptions, and adopting a minimum employer contribution policy. The board’s 2024 asset-liability study also led to a shift toward more public equity exposure and less fixed income, with the consultant saying asset allocation has been the main driver of relative investment underperformance versus peers in recent years, though recent returns have improved and the portfolio has outperformed its policy index over shorter periods. Committee members questioned why the funded ratio has fallen over time, whether past investment assumptions were too optimistic, and whether the board had been too conservative in its asset allocation. MOSERS representatives responded that the earlier strategy was a board-approved risk-balanced approach and that hindsight makes the results easier to judge, while stressing that current changes are intended to improve long-term outcomes. Members also asked about the impact of inactive members, the automatic refund proposal for small terminated accounts, and the ongoing Catalyst Capital litigation. MOSERS said the proposed legislation would automatically refund small inactive balances and auto-escalate deferred compensation contributions, and reported that litigation-related attorney fees have been about $20 million so far. No votes were taken, and the committee adjourned after questions and discussion.

Transcript Highlights:

• He called it the Holy Bond of Iron Union. He said, my...
• He called it the Holy Bond of Iron Union.
• as Hispanic Leadership Institute Day, and commend Valle del Sol for its continued commitment to developing
• You know, I've sat in those meetings for bonds and overrides, and the argument every time from districts
• an opportunity for the voters of this state, just like every time districts ask for overrides and bonds

Keywords: 1182, all

Transcript Highlights:

• Economic development, workforce training, and work itself.
• and then that developer getting fair market'?
• It's Sinking development in New Mexico.
• We don't know what the plan is, what the development is.
• The bond was for 30.

Bills: HB2, SB152

Keywords: general appropriation, budget, Medicaid, education funding, public safety, telecommunications, low-income assistance, lifeline, broadband, rural broadband, universal service fund, public regulation commission, PRC, 911 surcharge, telecommunications relay service, VoIP, mobile service, internet affordability, digital equity, digital inclusion

Transcript Highlights:

• Local governments to engage in planning to develop strategies for a clean energy future.
• Additionally, AB 39 provides... ...on existing plans rather than develop new ones.
• served 200 CDCs and community development corporations across the state, focused on economic development
• I'm the former ED of the California Community Economic Development Association, Sassita.
• development, quality of life issues for low and moderate-income communities.

Summary: The committee heard several energy and utilities bills, with testimony largely focused on wildfire mitigation, affordability, clean energy planning, and utility accountability. AB 706, by Assembly Member Aguiar-Curry, would create a fund to support projects that use forest biomass waste from wildfire mitigation and forest restoration; supporters said it would reduce open burning and emissions while providing reliable renewable power, and the bill later passed 13-0. AB 39, by Assembly Member Zbur, would require larger cities and counties to adopt electrification planning strategies for transportation and buildings; it drew broad support from clean energy, labor, environmental, and local government advocates and passed 9-0. AB 1167, by Assembly Member Berman, would restrict investor-owned utilities from charging ratepayers for lobbying, promotional advertising, and similar shareholder-benefit expenses; supporters framed it as an affordability and transparency measure, while utilities argued the bill was overly broad and already covered by existing rules. It passed 7-0, with some members not voting and the roll left open. The committee also considered AB 1417 on offshore wind community funding transparency, which was amended to remove new fees and instead require reporting on developer support for local and tribal community capacity-building; opposition was withdrawn and the bill passed 9-0. AB 367, by Assembly Member Bennett, would require water districts in high fire-risk areas of Ventura County to have backup power, full tanks during red flag warnings, and hardened facilities; water agencies opposed unless amended due to cost and liability concerns, but the bill passed 10-0. The consent calendar, including multiple additional measures, was approved 11-0. Other bills drew more divided testimony. AB 745 would allow securitization to finance utility undergrounding and prohibit a return on equity for undergrounding projects; supporters said it would lower ratepayer costs, while utilities warned it would effectively discourage undergrounding and could raise other rates. The bill passed 7-4 and was left on call. AB 1423 would apply reliability standards to publicly funded EV chargers installed before 2024; supporters said taxpayers should get functioning chargers, while charging-network representatives objected to retroactive requirements and possible conflicts with existing agreements. It passed 13-0. AB 388 would create a narrow exception to utility regulation to facilitate green hydrogen projects using private power lines; supporters said it would unlock low-cost renewable hydrogen and jobs, while utilities raised concerns about customer protections and grid planning. It passed 12-0. The committee also began hearing AB 825, which the author said would address the high cost of financing major transmission and generation buildout, but the transcript cuts off before the full presentation and action on that bill.

Transcript Highlights:

• In fact, when it was developed in 2023, we went from 118 FTAs to 117.
• In fact, when it was developed in 2023, we went from 118 FTAs to 117.
• And it certainly can and will change as technology is developed.
• restrictions on or send the wrong message to the bonding agencies that bond our stuff. ...the wrong
• message to the bonding agencies that bond our stuff that, you know, but we're not really talking mills

Summary: The committee met to receive updates from the Tax Commissioner’s office on property tax relief programs and related compliance work. Commissioner Brian Croshys reviewed the Homestead Property Tax Credit, Disabled Veteran Credit, and Primary Residence Credit, noting that the Homestead program expanded significantly after HB 1158, that some households are “adjusting out” of eligibility as incomes rise, and that the committee may want to consider indexing income thresholds. Members asked for additional data on bracket breakdowns, possible costs of eliminating income limits for seniors, and how many households are zeroed out by the combined programs. Croshys also discussed the simpler administration of the disabled veteran credit, the growth in participation, and the heavy workload and auditing safeguards built into the new primary residence credit system. He said the department found no material compliance findings and that the program is designed to be digital-first, with county auditors and the Tax Commissioner’s office both involved in review and notification. The committee recessed for lunch and later reconvened, with the chair noting that more detailed PRC information would likely be available at a September meeting. Shelly Myers then presented the statewide property tax increase, or “zero growth,” report and the 2025 statistical report. She explained how county auditors report levy and valuation data, how increases and decreases are counted, and which jurisdictions showed the largest percentage changes in countywide, citywide, school district, and park district levies. In the statistical report, she summarized recent trends in assessed values: agricultural values remained relatively flat, while residential, commercial, and centrally assessed property values increased over the past five years. She also reviewed statewide tax levies by property class and clarified that centrally assessed growth figures were annual averages. Members discussed how shifts in land use and annexation can make it appear that tax burdens are moving from ag to residential/commercial property. Myers then summarized the interim study on the 3% levy limitation under HB 1176, saying most counties complied without budget changes, while some used hiring freezes, deferred purchases, or reserve funds; 23% of counties had to reduce levies, and the affected funds were mainly general, road and bridge, and weed control. She said 12 counties reported zero new growth in the data and that 35 counties reported not using all of their cap. The committee also received an oil tax presentation from Croshys on the stripper well extraction tax exemption. He outlined the number of active stripper wells, the production and revenue implications of the exemption, and projections for future biennia under different tax scenarios. He said the exemption represents substantial savings to operators but also corresponds to production tax revenue that would otherwise be collected, and he emphasized that future outcomes depend on oil prices, well counts, and technology such as CO2 enhanced oil recovery. Nathan Anderson of the Department of Mineral Resources briefly answered a question about why Red River wells have a different production threshold than Bakken wells, explaining it was tied to completion costs and lateral length. The committee then heard from Charlie Gorecki of the EERC, who presented an analysis of typical Bakken well decline curves and argued that most oil is produced before a well reaches stripper status, but that keeping wells open and investing in refracturing or other interventions can recover additional production. No votes were taken during this portion of the meeting; the main actions were receiving reports, asking for follow-up data, and scheduling further discussion for a later meeting.

Transcript Highlights:

• This bill allows developers to delay paying development fees until certificate of occupancy instead of
• Development fees fund the infrastructure that new development depends on: water systems, wastewater capacity
• We are not trying to take advantage of towns and favor developers.
• So now we're going to punish schools again and not allow them to bond.
• Education bond elections. You've heard the third read of House Bill 4033.

Keywords: 1182, all

Transcript Highlights:

• The plan includes $1.75 billion in general obligation bonds, $50 million in academic revenue bonds, $58
• revenue bonds, 58 million in academic revenue bonds, 58 million in fiscal<00:03:46.160> 2027<
• This is around academic bonds.
• Facilities Bonding Authority, favorable. Facilities Bonding Authority, favorable.
• This is around academic bonds. annually. This is around academic bonds.

Keywords: Senate streaming session for Monday, March 23, 2026, 960, senate, all

Summary: The Maryland Senate reconvened with a quorum and took up Budget and Taxation matters first. The chamber considered Senate Bill 283, the Maryland Consolidated Capital Bond Loan of 2026, with the capital budget subcommittee chair describing a $5.7 billion capital program focused on jobs, reliability, and infrastructure, including funding for transportation, state facilities, local projects, and legislative bond initiatives. The committee report and reprint were explained, and the bill with its 291 committee amendments was special ordered until the next day for further amendment work. The Senate then adopted the favorable committee report for Senate Bill 769, the University System of Maryland Academic Facilities Bonding Authority, and ordered it printed for third reading. On the third reading calendar, the Senate passed Senate Bills 84, 618, 932, 148, 202, and 623 by constitutional majorities. SB 84 concerned collective bargaining for graduate assistants; SB 618 addressed a public ethics exemption for General Assembly members and certain state and local employees; SB 932 dealt with social media platforms displaying user location; SB 148 created an income tax subtraction modification for public safety employee retirement income supporting 911 specialists; SB 202 reinstated an order-to-show-cause process in police discipline, which drew floor opposition from a senator who argued it would revive an unnecessary exception to the streamlined police accountability process; and SB 623 created the Maryland Premium Cigar Lounge Act of 2026. The Senate also handled Senate Bill 463, a second-reading bill on municipal vagrancy and local authority to prohibit it, which the committee chair moved to special order for the following Tuesday without objection. The session concluded with announcements about caucus meetings, a quorum call, and adjournment until Tuesday, March 24 at 11:00 a.m., along with thanks to the secretary’s office, DLS staff, and pages for their work.

Transcript Highlights:

• Northeast State College in 1965, he worked for Sunray DX Oil Company as a chemist and in research and development

Bills: HB3281, HB3320, HB3081, HB3127, HB3128, HB3498, HB2035, HB3765, HB4324, HB3678, HB4170, HB3495, HB3040, HB3062, HB4140, HB4106, HB4109, HB4104, HB3581, HB3620, HB3942, HB3279, HB3378, HB3383, HB3413, HB3414, HB3415, HB3420, HB3130, HB3700, HB3379, HB3129, HB3132, HB3315, HB2950, HB3242, HB3041, HB4428, HB4429, HB1064, HB3265, HB3721, HB3028, HB3313, HB3588, HB3020, HB3724, HB3392, HB3466, HB4060, HJR1074, HB3501, HJR1070, HB3794, HB3796, HB3928, HB2955, HB4453, HB4460, HB4128, HB3659, HB3270, HB3145

Keywords: administrative procedures, guidance documents, transparency, public inspection, rulemaking, sunset laws, statutory entities, regulatory compliance, emergency provisions, board re-creation, fire extinguisher, licensing, public safety, age qualification, State Fire Marshal, medical marijuana, employment rights, safety-sensitive positions, workplace policies, public assistance

Transcript Highlights:

• Chair, Representative Travers, I didn't develop the list.
• sold, or 0.453% of the amount of bonds sold.
• It is an eligible bond expense, so it can be rolled into the bond, just like they roll in the investment
• for bond counsel.
• All of that is rolled into the bond package.

Keywords: 1182, all

Transcript Highlights:

• Developers that we either contract with or employ at the Department of Education.
• It's not likely that we are going to be putting forward another bond.
• Going to be putting forward another bond request.
• Budget development for FY 28.
• The retail component will be able to pay off the debt service on the bond.

Keywords: 928, house, all

Summary: The hearing reconvened with testimony from several agencies on their capital budget requests. The Department of Environmental Services requested a little over $38 million, with major emphasis on dam repairs and design work for aging state-owned dams, including a $5.25 million match for possible FEMA BRIC funding at Pawtuckaway/Tuckaway and other projects such as Milton Three Ponds, Murphy Dam, and Lakeport Gates. DES also requested funding for state revolving loan fund matches, a Superfund match for the Savage Well site, IT and air-monitoring upgrades, and a new $750,000 cybersecurity request for water and wastewater systems. Committee members asked about FEMA eligibility, the distinction between design and construction money, and the timing and risk of banking funds if federal grants do not materialize. The University System of New Hampshire requested $20 million in state support, primarily $15 million for a major Diamond Library renovation at UNH to create a student support hub and reduce/repurpose collection space, plus $2.5 million each for deferred maintenance at Plymouth State and Keene State. The Community College System requested about $16.6 million across seven projects, led by critical maintenance, campus safety/security upgrades, IT infrastructure, parking and site improvements, HVAC replacement at White Mountains Community College in Littleton, a building management/energy system, and modernization of NHTI’s dental clinic and radiology spaces. The Department of Education requested $29.5 million, including a $4.9 million internal management platform to replace paper-based and siloed systems, plus career and technical education capital projects; Milford’s CTE project was described as being revised after repeated failed bond votes, while ConVal said its revised project would focus on modernizing existing CTE space and adding a security vestibule. Fish and Game requested $1.075 million for three facilities: Sewall Falls in Concord, the Lancaster Armory, and the Bunker Lane Barn in Durham, focusing on structural repairs, security, reconfiguration, and in one case replacement of a failing barn with a new 40-by-60 building. The department also said hatchery work is ongoing but that it is taking a cautious approach because of the planned New Hampton Hatchery and future capital needs. The Department of Natural and Cultural Resources requested $9.26 million for eight projects, including campground electrical upgrades at Ellacoya and Lake Francis, White Lake water system replacement, Mount Washington fuel tank and safety work, Odiorne Point visitor center work funded through parks revenue, roofing and parking lot repairs, Fox Forest office safety upgrades, and historic site repairs at White Island and Fort Constitution. Members asked about revenue-based capital, the stability of the parks fund, and flexibility in choosing projects as bids come in. The Department of Transportation began its presentation at the end of the transcript, but its detailed requests were not yet discussed.

Transcript Highlights:

• We built bonds and friendships that last a lifetime.
• And those bonds today still can't be broken.
• Other classes come as well because we built those relations and we built those bonds, Mr.
• Where these challenges really are an issue as far as economic development.
• training resources to advance workforce development in the offshore wind industry.

Keywords: March 14, 2026 - Regular Session, 976, house, all

Transcript Highlights:

• Conservation easements also limit development potential.
• Conservation easements also limit development potential.
• Conservation easements also limit development potential.
• Conservation easements also limit development potential.
• city of nisat implemented a road Bond city of nisat implemented a road Bond cycle<01:05:15.799><

Bills: HF1698, HF632, HF1352, HF2197, HF618, HF1248, HF1697

Keywords: property tax, exemption, leased land, public use, commercial property, HF632, Minnesota property tax, conservation easement, conservation restriction, assessed value, property valuation, tax assessment, real property, land conservation, farmland preservation, natural areas, riparian buffer, water quality, water quantity, county assessor

Transcript Highlights:

• Roughly 76 high-impact courses across 24 disciplines have been developed, which will result in changes
• of this proposal and the development of the Common Cloud Data Platform approach.
• And certainly, if there were future bonds to support our facilities needs, you know, I can say quite
• So when it comes to the Proposition 2 bond funds, under the current scoring system, after allocating
• Through this program, we have seen growth in our scratch cooking efforts, workforce development, and

Keywords: 988, house, all

Transcript Highlights:

• Bond, would you please take the roll? >> Yes, sir.
• And so our board has said, let's develop a regional plan and... said, let's develop a regional plan and
• let's develop, you know, a regional economic development strategy, and that would be part of it.
• That it would not approve any loans or bonds or disperse any funds for loans or bonds for the programs
• Economic or educational development.

Keywords: 916, all

Transcript Highlights:

• So, we're one or new development.
• >> question on the small water develop. >> question on the small water develop.
• It could mean a bond issue.
• or elections or municipal bonds, government bonds, or anything that we could handle and that we felt
• bonds, government bonds or anything<02:53:38.319> that<02:53:38.640> we<02:53:38.800><

Keywords: 916, all

Transcript Highlights:

• um that is now uh trunk Highway bonds um that is now uh under<00:22:20.400> the<00:22:20.799>
• funding for those and then um developing funding for those and then um developing a<01:07:26.359
• <01:07:31.799> that support for being able to develop that support for being able to develop
• <01:09:39.920> a programs here too like developing a programs here too like developing a Strategic
• highway bonds for larger capital projects.

Keywords: 1187, senate, all