Transcript Highlights:

• A top-five destination for venture capital funding, which is an area where San Diego does punch above
• its weight in many respects. $1.2 billion for technology venture capital came into San Diego in 2024
• In the past five years, only about 2% of venture capital goes to women-founded companies.
• They found us accountants and lawyers to help us with a capital raise.
• Chang, you made a very valuable comment with regards to access to affordable capital.

Summary: The Assembly Committee on Economic Development, Growth, and Household Impact held an informational hearing in San Diego focused on “Making Sense of California’s Economy: Real Cost Pressures and Household Impacts Facing San Diego.” Chair Salas and Assemblymember Darshana Patel opened by emphasizing affordability, housing, and the importance of bringing state policy discussions into the community. The first panel featured leaders from Cal State San Marcos and the San Diego Regional Economic Development Corporation, who described the region’s innovation ecosystem, the university’s role in social mobility and workforce development, and the importance of partnerships with K-12 schools, community colleges, military installations, and industry. They also highlighted regional strengths in life sciences, aerospace and defense, advanced manufacturing, clean energy, and venture-backed innovation, while warning that housing costs, federal research cuts, permitting delays, and small-business fragility threaten growth and talent retention. Committee members asked about collaboration among higher education institutions and what state policy changes could help. Panelists said the region’s universities are complementary rather than competitive and stressed the value of public-private partnerships, social innovation, and aligning academic programs with employer needs. On policy, they urged faster permitting, possible regulatory sandboxes, stronger research investment, support for cross-border trade and manufacturing, and more housing affordability to keep workers in the region. The second panel centered on small business and entrepreneurship, with testimony from Hydrostasis founder Dr. Debbie Chen, Amai co-founder Sven Davison, and Asian Business Association San Diego CEO Jason Pagal. Chen described building a hydration-monitoring wearable, the barriers women founders face in accessing capital, and the importance of SBDC, Stella Foundation, and university internship support. Davison described Amai’s edible cup business and how tariffs, supply-chain costs, and financing constraints forced the company to pivot manufacturing plans. Pagal presented survey data showing high relocation intent, difficulty hiring, and low confidence among businesses, and recommended expanded technical assistance, regional cost-of-living adjustments, and small-business affordability zones. During questioning, members discussed targeted procurement and local incentive models, the role of SBDC and other support networks, and how to better tailor state programs to local conditions. Public comment came from the California Southern Small Business Development Corporation, which stressed that access to affordable capital remains a major challenge and noted the volume of loan guarantee requests coming from San Diego. No formal votes were taken; the hearing concluded with closing remarks from both members underscoring the need to use local testimony to shape future state policy and support California’s economy, families, and small businesses.

Transcript Highlights:

• In 2022, insurance capital contracted by over $73 billion, and AMBES downgraded from stable to negative
• Yes, so insurers need capital to provide coverage for people and what we saw in 2022 is the capital.
• So they just don't have the capital to continue.
• , and they haven't been profitable enough to attract new capital.
• One of the things you have to keep in mind is the NFIP, it pays no taxes and has no cost of capital,

Committee: Senate Banking, Housing, and Urban Affairs Committee

Keywords: homeowners insurance, natural disasters, insurance costs, climate change, disaster preparedness, federal policies, bipartisan solutions

Summary: The meeting reviewed critical issues surrounding the rising costs and accessibility of homeowners insurance across the United States, particularly in light of increasing natural disasters linked to climate change. Members engaged in extensive discussions regarding the implications for families and the economy, citing significant increases in premiums and decreasing availability of policies in high-risk areas. Supervisor Peysko highlighted the direct impact of federal policies on local communities, emphasizing the growing burden on homeowners as they face skyrocketing insurance costs amidst a backdrop of environmental challenges and regulatory constraints. The committee expressed a unified call to action for bipartisan solutions, focusing on improving building codes and enhancing disaster preparedness measures.

Transcript Highlights:

• the central San Joaquin, the southern border, Orange County, the Central Coast, and the Caribbean. capital
• We can partner with CDFIs and with philanthropic organizations to build capital stacks and which is what
• That's what this work is about for us, thinking about being innovative with our funding and build capital
• RISE is the nation's first statewide capital and capacity-building investment of this kind.
• Jennifer Rowe on behalf of Capital Advocacy with the Association of California Goodwills.

Transcript Highlights:

• Up next, PCS for HB 1283, capital human trafficking of vulnerable persons for sexual exploitation by
• Up next, PCS for HB. 1283, capital human trafficking of vulnerable persons for sexual exploitation by
• Representative Jacques, how many other states, if any, have this same law as a capital offense?
• When you say it's still legal, you're aware that the, in 2016, Florida's capital sentence was, capital
• sentencing as it relates to the capital schemes. Is that correct? Well, hold on a second.

Summary: The Criminal Justice Subcommittee considered a long agenda of criminal justice, public safety, and related bills. Early measures included HB 1171, tolling the statute of limitations for failure to make mandatory child abuse reports, and HB 1403, expanding school safety provisions by allowing child care facilities in the guardian program and clarifying perimeter and door-security rules; both passed unanimously, with HB 1403 adopted as amended. The committee also approved HB 1099, giving law enforcement discretion in arrests involving elderly or medically vulnerable individuals in facilities; HB 1121, strengthening restrictions on misuse of unmanned aircraft systems; HB 1525, creating penalties for impersonating rideshare drivers and clarifying transportation-disadvantaged access; and PCS for HB 687, increasing penalties for repeat DUI/vehicular homicide offenses known as “Trenton’s Law.” Members then advanced HB 847 to create an FDLE grant program for expedited DNA testing, PCS for HB 757 to prohibit altered sexual depictions of identifiable persons and create a civil remedy, and HB 1415 to repeal an obsolete Broward County narcotics enforcement unit. The committee also heard and approved HB 1207, the Tristan Murphy Act, which expands mental health diversion grants, creates a model diversion process, and establishes a behavioral healthcare data repository; testimony from the bill’s namesake’s mother and law enforcement emphasized the need for treatment over incarceration. HB 1351 updated sexual offender/predator registration rules, and HB 1479 created a public records exemption for domestic violence lethality assessment forms; both passed without opposition. Later, the committee approved PCS for HB 1283, making sex trafficking of children under 12 or mentally incapacitated persons a capital felony, despite constitutional concerns raised in debate; the bill passed 13-2. PCS for HB 781, addressing cyber intimidation by publication (doxing), also passed unanimously after supporters described it as a needed tool against online harassment. Finally, CSHB 139 authorized pawnbrokers to use digital transaction forms, and PCS for HB 107 created and enhanced penalties for fraudulent use of gift cards. Most bills were reported favorably, many unanimously, and several were amended before passage.

Transcript Highlights:

• Massachusetts is one of the wealthiest states in America per person, so we believe in capitalism, but
• I know we share the belief that access to capital in underserved areas is vital, and I look forward to
• And Kelly's ability to strengthen our main strengths, to figure out how we get capital to underserved
• No matter the business, the challenges are consistent—from managing inflation and capital to hiring a
• Of SBA's 56 billion dollars in capital last fiscal year, only 6 billion went to rural businesses.

Committee: Senate Small Business and Entrepreneurship Committee

Transcript Highlights:

• And as we were going through, even with a pullback, the reality is that private capital is available
• So it's like that secure demand, and then you can bring private capital in to do the supply.
• will follow, I'd love to see private capital say hydrogen has been adopted by ports, by fleets, by the
• We'll also note we have some one-time monies, zero-emission transit capital program that is intended
• But it's tough to find private capital. Private capital has what I like to call green fatigue.

Summary: The Senate Select Committee on Hydrogen Energy held an informational hearing on California’s hydrogen leadership, with the chair framing hydrogen as a complementary clean-energy pathway for hard-to-electrify sectors such as heavy-duty trucking, transit, rail, ports, industrial uses, and backup power. The first panel of private-sector witnesses from the California Hydrogen Business Council, Bosch, Hyundai, and Sierra Northern Railway described existing deployments in California, including hydrogen buses, trucks, fueling infrastructure, and the nation’s first hydrogen fuel cell switcher locomotive. They emphasized that the technology is commercially ready but scaling is constrained by permitting delays, high fuel and equipment costs, infrastructure gaps, and uncertainty around federal support and incentives. Witnesses urged stable state policy, targeted investment, and concentrated deployment in high-impact corridors such as ports and freight hubs. Committee members also asked about labor standards, community engagement, and the current size of the hydrogen vehicle fleet in California and abroad. The second panel focused on air quality, climate, safety, and public health. Testimony from CAPCOA, the Coalition for Clean Air, the California State Building and Construction Trades Council, and a UC Berkeley researcher argued that hydrogen fuel cells can reduce diesel-related pollution and health harms when used in the right applications, especially in ports, rail yards, warehouse corridors, transit depots, and backup power for facilities like data centers. Witnesses cautioned that hydrogen should be used selectively, produced as cleanly as possible, and paired with early community engagement, safety planning, and environmental justice protections. The researcher cited projected reductions in NOx, particulate exposure, premature deaths, and health costs under broader hydrogen adoption. Committee members discussed workforce training, apprenticeship programs, and how to balance near-term costs with long-term infrastructure value. The final panel provided public-sector updates from SamTrans, the Governor’s Office of Business and Economic Development, the Port of Long Beach, and First Public Hydrogen Authority. SamTrans described its transition to a large hydrogen bus fleet and said the loss of expected ARCHES funding created a major infrastructure gap; it asked the state to protect transit funding, restore a sales tax exemption for zero-emission buses, and address axle-weight rules. GoBiz said the state should focus on creating demand, reducing costs, and streamlining permitting, while acknowledging the disruption caused by the federal cancellation of ARCHES funding. The Port of Long Beach reported hydrogen truck deployments, port incentives, and a planned public fueling station, but said high costs, fuel shortages, and uncertainty have slowed momentum. First Public Hydrogen Authority described efforts to aggregate municipal demand and support new green hydrogen production projects, stressing the need for long-term market signals and financing. Committee members repeatedly emphasized the need for state support, infrastructure investment, and a diversified fuel strategy to keep hydrogen deployment moving forward.

Transcript Highlights:

• Furthermore, the ability to attract and leverage private capital by filling gaps, sharing risks, and
• We also run a venture capital program that operates in the same fashion.
• There are capital outlay and facility-related proposals. Thank you very much.
• The proposal that is before you today encompasses seven capital... Excuse me.
• large and growing backlog of critically necessary capital improvements.

Transcript Highlights:

• The unexpended balances appropriation capital budget categories RIDER.
• So you're talking about on capital transportation of vehicles.
• Number four is critical capital repair and improvement needs.
• Rider 2, Capital Budget Rider, is deleted.
• It's requesting $35 million in one-time capital funding to support the master plan.

Bills: SB1 , SB 1

Committee: Senate Finance

Transcript Highlights:

• Private capital at risk, right? But you acknowledge that it's apples and oranges, right?
• They provide an update on credit analysis and mention downgrade due to capital investment.
• And we are making historic capital investments in this state.
• We can update for the capital response.
• All of our capital is provided by either private debt or equity holders. I'm sorry.

Bills: HB246 , HB796 , HB 1056 , HB1544 , HB1846 , HB2001 , HB2618 , HB2625 , HB2869 , HB2898 , HB3069 , HB3114 , HB3157 , HB3228 , HJR98 , HB246

Committee: House State Affairs

Keywords: federal directives, state authority, Tenth Amendment, government enforcement, local governance, gold standard, legal tender, currency, transactional currency, financial transactions, electronic payment systems, state finance, regulatory compliance, electric trucks, charging infrastructure, advisory council, transportation, sustainability, criminal penalties, official information

Transcript Highlights:

• House 2 also strengthens MassDOT’s capital delivery capacity by funding additional staff to inspect,
• These resources complement the capital program and, together, are critically important for delivering
• We are planning on continuing that momentum based on the strength of our capital program.
• We continue to invest in their capital needs via MassDOT's capital improvement plan to ensure that RTA
• Priorities so they know what they want to move forward with with capital projects.

Committee: Joint Joint Committee on Ways and Means

Summary: The Joint Committee on Ways and Means held a hearing at UMass Amherst on Governor Healey’s fiscal year 2027 budget, focusing on energy/environment-related transportation issues and the Massachusetts Department of Transportation. The chairs and members opened with thanks to UMass, university leadership, court officers, and legislative staff, and Chancellor Javier Reyes highlighted UMass Amherst’s research, workforce, sustainability, and transportation contributions, including energy research, transit operations, and partnerships with MassDOT. The hearing then moved to MassDOT and MBTA testimony on the administration’s transportation funding package, including House 2, the FY26 Fair Share supplemental, and a proposed four-year Chapter 90 authorization. MassDOT officials described the budget as part of a broader multi-year transportation investment strategy, citing funding for operations, snow and ice removal, regional transit authorities, the MBTA, the Merit Rating Board, sustainable aviation fuel credits, micro-transit and last-mile grants, unpaved road improvements, bridge and pavement work, and housing-related transportation infrastructure. They emphasized workforce expansion, capital delivery capacity, safety improvements, and local aid, including the new lane-mile-based Chapter 90 formula intended to benefit rural communities. Officials also discussed major projects and programs such as Grant Central, culvert and unpaved road grants, work zone speed cameras, congestion hotspot fixes, the Sagamore and Bourne Bridge projects, and MBTA operating support and safety upgrades. Testimony from the MBTA and rail/transit staff focused on improved ridership, service frequency, accessibility, and safety, including progress on the Green Line Train Protection System, reduced delays, expanded bus and commuter rail service, and the South Coast rail extension. Regional transit authorities reported increased ridership and described new fare-free, connectivity, and community transit grants. Aeronautics testimony covered airport capital work, drone and data programs, sustainable aviation fuel efforts, and workforce development in aviation maintenance. Committee members then asked questions, especially about Western Massachusetts priorities, Chapter 90 funding, bridge repairs, snow and ice costs, Cape Cod bridges, Buzzard’s Bay rail, and Compass Rail/West-East Rail. Officials said several federal rail grants were moving forward, that Sagamore Bridge procurement would begin soon, and that the administration remained committed to pursuing federal funding and multi-year transportation investments.

Transcript Highlights:

• There, every each one of us have a capital long-term capital plan as well as in order for you to submit
• There, every each one of us have a capital long-term capital plan as well as in order for you to submit
• There, every each one of us have a capital long-term capital plan as well as in order for you to submit
• There, every each one of us have a capital long-term capital plan as well as in order for you to submit
• So, we're not capital project building.

Summary: The subcommittee approved the October 15 minutes and observed a moment of silence for the victims of the UPS Worldport plane crash. The main presentation was from Transportation Cabinet Commissioner Bobby Joe Lewis on the Local Assistance Road Program/County Priority Projects Program (LAARP/CPP), which was implemented under House Bill 546 and now requires rehabilitation projects to restore roads to original condition, cap funding at $500,000 per project, use a new scoring matrix, include a local match, and submit one photograph per 300 feet of project length. He reported that the 2026-2027 cycle ran from June 1 to October 1 and drew 1,215 project applications from 107 counties and 106 cities, with total submitted project costs of about $121.1 million and about $102.3 million requested after local match. He also said 30% of submissions scored 10s and 22% scored 9s, and that the list of requests and required photos had been submitted to the General Assembly and LRC. Members asked about how scores change over time, whether roads can move from lower scores to 10s, and whether the new process gives a better picture of local needs. Lewis said scores can change based on weather and road conditions, but the new system provides more information and a more standardized evaluation than before. Several members raised concerns about the volume and size of required photographs, suggesting drone footage or video as an alternative; Lewis said the photo requirement has caused confusion and large file uploads, and he was open to considering easier ways to document conditions. Members also discussed continuity in scoring across districts, and Lewis explained that district staff appointed by chief district engineers use a handbook and scoring matrix, with the scores entered into a computer system so evaluators do not see the final score while scoring. The committee also discussed funding levels and carry-forward balances for the program. Lewis said the program began with $20 million authorized in HR92, noted underruns from completed projects, and reported a carry-forward amount that had grown to $355,432.42 available for reauthorization as of October 13. In response to questions, he said the current process concentrates applications into a short window, with 63% of applications arriving in the last few days and 417 on October 1, which created a heavy workload but was completed on time. The meeting then moved to multimodal funding priorities, with Jennifer Kersner of Kentuckians for Better Transportation introducing herself and offering condolences for the UPS aviation incident before beginning her remarks.

Transcript Highlights:

• Last year we had $24 billion in capital investment, which was actually 84% of all capital investment
• Last year we had $24 billion in capital investment, which was actually 84% of all capital investment
• Last year we had $24 billion in capital investment, which was actually 84% of all capital investment
• Last year we had $24 billion in capital investment, which was actually 84% of all capital investment
• Last year we had $24 billion in capital investment, which was actually 84% of all capital investment

Transcript Highlights:

• And whereas the southern area Links days at the capital were established by 16th Southern Area Director
• </c> southern area links days at the capital southern area links days at the capital were<00:04:51.360
• celebrate 21 years of gathering<00:05:12.160><c> at</c><00:05:12.320><c> the</c><00:05:12.479><c> capital
• ><00:05:13.120><c> under</c><00:05:13.360><c> the</c><00:05:13.600><c> theme</c> gathering at the capital
• under the theme gathering at the capital under the theme lead<00:05:14.400><c> with</c><00:05:14.560

Transcript Highlights:

• Next up, PCB JUB 26 - 02, Correctional Facilities Financing and capital improvements by Chairman Maney
• It recognizes that the legislature recognizes the need for fixed capital outlay by the Departments of
• to address those issues by providing funding through cash payments or bond proceeds to address the capital
• appropriate $250 million in recurring general revenue funds to the department to develop and implement a capital
• most cost-beneficial and effective financing method to meet the needs of the department for any new capital

Transcript Highlights:

• During our examination of capital assets, the following discrepancies were noted: The district failed
• to capitalize $851,000 of construction expenditures related to the baseball-softball complex.
• The district failed to capitalize $851,000 of construction expenditures related to the baseball-softball
• One capital outlay purchase was not properly capitalized, and of the ten items we selected for observation
• Was that prior finding related to misclassification on the capitalization of the assets on construction

Committee: All LEGISLATIVE JOINT AUDITING-EDUCATIONAL INSTITUTIONS

Summary: The committee opened with prayer, approved the January 8 minutes, and then reviewed education audit reports. The first report concerned Northwest Arkansas Community College, which had two findings: repeat internal control deficiencies that caused material misstatements in the financial statements, and a tuition revenue loss tied to a Workday system issue that failed to charge some students after drop-add changes. College officials said the problems were misclassification and process issues rather than missing funds, described corrective steps including checklists, monthly closing procedures, and approval controls, and attributed some issues to staffing turnover and the Workday implementation. Members asked about accountability, staffing, and whether students should have been billed; the report was filed as reviewed. The next report was Cedarville School District, where auditors found improper personal credit card charges of $794 by a former elementary teacher. The employee reimbursed the district, and the matter was referred to law enforcement, the prosecuting attorney, the attorney general, and the Professional Licensure Standards Board. Members asked whether any licensing action would follow, but staff said they were only aware that no further action had been taken by the board. The final finding was for West Memphis School District, which had a repeat capital assets issue involving failure to capitalize $851,000 in construction expenditures for a baseball-softball complex, along with other asset-recording and inspection discrepancies. The superintendent said the district had recently begun using Arkansas Legislative Audit for the first time after previously using a private CPA firm, and described new controls such as multi-level purchase approval, tagging, separation of duties, and inventory cleanup. Members questioned why the district had not been audited publicly before and how private audits are handled; staff explained that private audits are still reviewed and findings come before the committee. The report was filed as reviewed. The meeting ended with notice that 28 school districts had no findings and then adjourned.

Transcript Highlights:

• And at this time, um, we have two items on the agenda today related to the agency and capital request
• And at this time, um, we have two items on the agenda today related to the agency and capital request
• At this time, um, we have two items on the agenda today related to the agency and capital request.
• Um, we currently um have one uh capital project um in the current budget.
• The capital project that we're asking for funding for is to replace the current SEEK system.

Summary: The House Budget Review Subcommittee on Primary and Secondary Education and Workforce Development met without a quorum at first, so it did not approve minutes and instead heard agency capital requests. The Education and Labor Cabinet presented a $6.2 million reauthorization for renovation of the Charles W. McDow Center for the Blind in Louisville, which serves blind and visually impaired individuals through the Office of Vocational Rehabilitation. The project would update mechanical, electrical, plumbing, and HVAC systems. Members asked about the number of students served and the facility’s location; the cabinet said it would follow up on the enrollment figure and explained that prior funding had been redirected to expanded services for people with disabilities and employment needs. The Kentucky Department of Education then presented its request to replace the SEEK system, the state’s primary school funding formula and calculation platform. Officials said the current in-house system dates to about 2008 and is increasingly difficult to maintain, especially as legislative changes require complex recalculations. They explained that a prior vendor contract was terminated after change orders and cost overruns made the project unworkable; the original contract was about $2.8 million, and the proposed change order would have more than doubled that amount. KDE said it is seeking additional funding while also trying to recover the prior vendor’s work product so it can potentially reuse parts of the code and proceed in modules if necessary. Members questioned the cost, the statewide role of SEEK, and whether state staff familiar with the system would be involved in any new procurement. KDE officials said they had already assigned internal staff and a project manager to the earlier RFP process and would do so again. They also noted that SEEK calculations, tax calculations, and attendance data all feed into the system, making it critical for accurate and timely district payments and data requests. The meeting ended with no votes taken, and the chair announced the next meeting would be held the following Tuesday, the 27th, at 10:00 a.m. in the same room.

Transcript Highlights:

• It's not Medicaid, it's capitated. It's not Medicaid, it's capitated.
• So Donna, tell me the difference of why something like this wouldn't be able to come out of the capital
• And then when you enter capital assets in a system, you have to enter in project by project.
• Their capital... I don't really follow the capital...
• I don't really follow the capital asset conversation. Keith, what was the original number on there?

Committee: Senate Appropriations - Human Resources Division

Summary: The HR division continued work on the behavioral health budget, with members revisiting several funding items and generally agreeing to hold provider inflation increases until the full division picture is clearer. They tentatively supported additional funding for Community Connect and Free Through Recovery, as well as increases for the drug court program and peer support, while clarifying that some items were already in the House version and others were one-time or grant-related expenditures. The committee spent considerable time on a proposed $2 million behavioral health services program for nursing homes and basic care facilities. Senator Mathern brought revised language to describe a capitated payment model for training, consultation, and direct patient care for residents with medically based behavioral disorders and disruptive behaviors. Some members remained skeptical and wanted to see the amendment before deciding, but the discussion centered on whether the funding would help nursing homes accept patients who otherwise end up in state hospitals or acute care settings. Members also discussed several one-time funding items, including electronic health record and legacy system upgrades, network redundancy for the state hospital, partial hospitalization/intensive day treatment expansion, and a bathroom remodel at the Southeast Human Service Center. The committee restored the bathroom project to the original $972,000 estimate after concerns that the House reduction would not cover the needed ADA and plumbing work. They also debated a $12.96 million behavioral health facility grant for Altru in Grand Forks, with some members opposing it and others supporting it as a regional service expansion, but ultimately set it aside for later consideration. The meeting ended with staff flagging other sections of the bill, including the opioid settlement advisory language, the state hospital steering committee, behavioral health education grants, and the system of care grant. The chair announced that medical services would be taken up the next day, and members agreed to adjourn after planning to revisit unresolved behavioral health items and vote on the held bill later.

Transcript Highlights:

• Chair, Vice Chair, members, this is HB 693, a bill relating to aggravating factors for capital felonies
• The purpose of this bill, members, is when we have a capital felony committed in the state of Florida
• an additional aggravating factor, which essentially would allow the jury to conclude that if the capital
• I mean, ultimately, the jury, at least eight jurors of the 12 on a capital case, have to unanimously
• I mean, ultimately, the jury, at least eight jurors of the 12 on a capital case, have to unanimously

Summary: The Judiciary Committee met and considered nine bills, with members hearing brief presentations, limited debate, and mostly unanimous support. Early measures included CS/HB 421, which expands peer support access for first responders to include support personnel, and HB 205, which creates a new offense for abandoning a restrained dog during a natural disaster (“Troopers’ Law”). Both bills drew support from law enforcement and animal welfare-related witnesses, and both were reported favorably; HB 205 was adopted with a technical amendment. The committee also approved CS/HB 157 on service of process, which clarifies that a prior statutory change applies to all causes of action, creates a safe harbor for compliance, tightens substituted service requirements, and allows individual registered agents to be served anywhere in the state. HB 693, which adds an aggravating factor for capital felonies committed where people are gathered for school, religious, or public government activities, drew both support and opposition; the Florida Conference of Catholic Bishops opposed expanding the death penalty, while supporters argued juries should have more tools in capital cases. The bill was reported favorably after debate. Members then approved CS/HB 113, increasing penalties for fleeing or attempting to elude law enforcement, after discussion about marked versus unmarked vehicles and an amendment that restored current penalties for two related offenses. Rep. Bracey Davis voted no, citing concerns about unmarked cars and public safety perceptions. The committee also passed HB 91 on misdemeanor probation, PCS/CS/HB 383 allowing certain officers and service members to purchase firearms without the three-day waiting period, and CS/HB 195 to let correctional education count toward professional licensure requirements for incarcerated people. Finally, CS/HB 479 was approved to allow judges to order restitution in hit-and-run property-damage cases. All bills were reported favorably, most by unanimous or near-unanimous votes.

Transcript Highlights:

• So PACE is financed through a capitation rate.
• So what happens is that that capitation rate is set. CMS pays that rate.
• Of note, the federal requirement for PACE is that that capitation rate that gets paid per member has
• </c><00:05:14.560><c> rate</c> for Pace is that that capitation rate for Pace is that that capitation
• </c> terms of determining the a capitation terms of determining the a capitation rates<00:08:24.720><

Committee: House Human Services Finance and Policy

Transcript Highlights:

• Over the last 20 years, half of venture capital money has come to California companies.
• Then on top of that, of what Director Myers alluded to, we have the highest amount of venture capital
• U.S. venture capital.
• The CalIP budget request...” based capital to efficiently move projects and businesses forward.
• Chair and members, this capital is critical to grow and continue serving communities.