Transcript Highlights:

• We assessed performance guarantees and collected over $2 million in performance guarantees because of
• </c><00:28:45.640><c> and</c> assessed performance guarantees and assessed performance guarantees and
• , make more additional loans.
• loan.
• you'll see a theme here: these are all bank loans, private-sector loans to private entities.

Summary: The Department of Administrative Services presented an overview of its budget and operations, emphasizing that it is the lowest-spending agency in state government and that its general fund allocation has declined since 2019. Commissioner Arling House explained that DAS also handles back-office functions for several administratively attached boards, which has affected staffing and spending comparisons. He said the department’s current general fund spending is roughly split between retiree health and other operations, and that the presentation was based on adjusted authorized spending rather than the original budget figures. A major portion of the meeting focused on retiree health benefits and the long-term effort to control costs. Deputy Commissioner Cassie Keane described how the state moved from a projected deficit in retiree health to savings through a series of changes, including higher premium contributions, co-pay adjustments, and shifting Medicare retirees into Medicare Advantage arrangements to capture federal reimbursement. She said the state has about 12,500 retirees and spouses on the plan, with roughly 10,906 Medicare retirees and 1,580 non-Medicare retirees, and that the savings have depended heavily on federal funding and procurement decisions. She also noted that Medicare retirees pay Part B premiums and that the state has grandfathered older retirees from some premium contributions. Members asked about what the expenditures cover, why the state offers retiree health instead of simply giving retirees a payment to buy coverage themselves, and whether out-of-pocket costs changed under Medicare Advantage. Keane said the plan covers actual health claims or insurance premiums, that co-pays and maximum out-of-pocket limits remain in place, and that the state has no authority to change benefit details without legislative action. She explained that retiree health is a long-standing employee benefit that wraps around Medicare and is not collectively bargained in the usual sense, though its eligibility rules and cost-sharing have been tightened over time to better target the benefit to long-term state service. The discussion also covered vendor performance problems. Keane said Anthem recently won the contract back from Aetna, but its pharmacy subsidiary, Caroline, caused serious service disruptions. DAS responded by withholding payments, assessing more than $2 million in performance guarantees, and hiring a third-party auditor to review the pharmacy processes. The current contract runs through the end of calendar year 2026, and officials said they are watching federal Medicare Advantage reimbursement changes closely because future savings are uncertain.

Transcript Highlights:

• </c> uh farm loan irrigation type projects. uh farm loan irrigation type projects.
• </c><01:44:27.640><c> from</c> but uh basically the these loans from but uh basically the these loans
• It's a loan. It's a requirement to be a loan, and they have to be able to make money on it.
• </c> guaranteed to the general fund. guaranteed to the general fund.
• </c> come in for requests for loans on other. come in for requests for loans on other.

Committee: Joint Transportation, Highways & Military Affairs

Transcript Highlights:

• loan financing.
• So think loans, participation loans, all that money moving on a daily basis.
• loans.
• loans.
• On the lift loans, those are intended to be a five-year loan.

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:

• loan financing.
• Consolidated loan portfolio, our largest portfolio continues to be commercial and ag loans.
• We did about 94 AgPACE loans in 2025. We did about 94 AgPACE loans in 2025.
• revolving loan funds, for instance, those are all going to be longer funded loans.
• And so, for instance, on the lift loans, those are intended to be a five-year loan.

Summary: The committee took roll, approved the March 18 minutes, and then received a compliance-report update on the Industrial Commission and related funds and programs. Staff reviewed the status of one-time appropriations and grant programs, including electric grid resiliency, lignite research, enhanced oil recovery, the Clean Sustainable Energy Authority, the salt cavern business-case study, and the new NDSU research and technology park grant. Members asked about funding balances, reimbursement timing, matching requirements, and how some commitments would affect the State Investment Fund and future biennia. Industrial Commission staff then gave a broader update on the agency’s administrative office, grant management system, leadership transitions at several commission agencies, and active grant rounds. They reported that the grant management system is nearing completion, that several agency leadership searches have concluded, and that the commission’s grant programs currently have 108 active grants totaling more than $165 million. They also described the Clean Sustainable Energy Authority round, the oil and gas research program’s enhanced oil recovery awards, the grid resiliency grants, the salt cavern study, and the research technology park program, noting that some projects are awaiting federal funds or additional matching cash. Ron Ness, speaking for the Oil and Gas Research Council, focused on the state of the oil industry and the enhanced oil recovery “Bakken 2.0” effort. He said production remains steady, but future growth depends on better infrastructure, longer laterals, and new EOR methods such as CO2, natural gas, and surfactants. He emphasized the importance of the Bakkeneast pipeline and related gas-utilization projects, the recent DOE funding that will return some money to the research council, and the need to modernize tax and incentive rules for CO2-based recovery. Members discussed the potential economic benefits for oil, agriculture, and manufacturing. The Bank of North Dakota then presented its compliance report and a broader strategic update. Bank leadership reviewed the bank’s mission, governance, participation lending, student lending, disaster programs, and legislatively directed programs, and said the bank is managing for a flatter deposit base and stronger liquidity because of fintech competition and changing market conditions. They reported improved earnings, with net income rising to about $231 million, and described Rough Rider Coin as a new internal payment rail for North Dakota banks and credit unions, not a public cryptocurrency. Members asked about student loan eligibility, disaster lending, and the bank’s capacity to support state programs while maintaining its balance-sheet and liquidity requirements.

Transcript Highlights:

• readiness to sign a loan.
• We also support our program through a loan fee that we have for each loan.
• Also, loan repayments.
• When you're ready for a loan, you can get a loan. So it's a revolving loan fund.
• But sometimes things happen. a loan. So it's a revolving loan fund.

Summary: The task force met to focus on funding systems and incentive structures for a proposed regional waste infrastructure effort, including how a future WIPA framework might support solid waste planning in the Willamette Valley. Staff and members heard presentations from DEQ on the Clean Water State Revolving Fund, from Business Oregon on the Special Public Works Fund, and from Oregon State Treasury on state bonding capacity and the bond issuance process. Presenters explained how their programs are structured, how projects are scored or approved, what kinds of public entities and projects are eligible, and how interagency coordination and co-funding can work. DEQ emphasized that its revolving loan fund is driven by water-quality benefits and public-health criteria, while Business Oregon described a broader infrastructure loan program for public entities with no scoring system, and Treasury outlined the state’s debt-capacity process and the differences between general obligation and lottery bonds. Members used the presentations to discuss whether similar funding tools could support solid waste infrastructure, especially for transfer stations, regional hubs, and related facilities that may need to be built before Coffin Butte reaches the end of its lifespan. Several questions centered on whether public-private partnerships could qualify, whether equipment inside facilities could be financed, how repayment would work, and whether planning costs could be covered. DEQ and Business Oregon both said they could potentially collaborate on scoring or co-funding, but noted eligibility limits and the need for public ownership in many cases. Treasury said bond capacity is limited and competitive, especially for lottery bonds, and that project authorization generally runs on a two-year cycle, though unused authority can sometimes be reauthorized. In task force discussion, members debated whether the group should pursue a dedicated funding lane for the seven-county region rather than having local governments compete with other statewide needs. Some members stressed the importance of criteria to avoid stranded assets and to ensure funding is available when projects are ready, while others raised concerns about how cities and counties would generate revenue to repay debt during construction and early operations. The group also discussed flow control, system fees, and the need for regional collaboration among counties, cities, and haulers to create enough waste volume to support new infrastructure. Staff noted that pre-session filing materials for the legislature are due September 11, and the chair said the August meeting will focus on organizational structure and identifying partners. During public comment, Representative Kevin Mannix submitted written testimony supporting the WIPA concept and urging the task force to endorse it. Commissioner Bubba King of Yamhill County urged the task force to compare alternatives objectively and warned against adding bureaucracy before evaluating existing infrastructure and costs. Commissioners Kevin Cameron and Roger Nyquist of Marion and Linn counties described regional hub-and-spoke concepts, transfer stations, and intermodal options, emphasizing the need for planning, strategic siting, and collaboration with haulers and local governments.

Transcript Highlights:

• loan financing.
• So think loans, participation loans, all that money moving on a daily basis.
• We have the loan apps come in.
• loans.
• And so, for instance, on the lift loans, those are intended to be a five-year loan.

Summary: The committee received a compliance and status update on Industrial Commission programs and the Bank of North Dakota. Staff reviewed appropriations and spending for several Industrial Commission funds and grant programs, including lignite research, oil and gas research, clean sustainable energy, grid resiliency, salt cavern analysis, and the new NDSU research and technology park grant. Members discussed the timing of reimbursements, uncommitted balances, and the structure of the pipeline capacity and enhanced oil recovery funding. The Industrial Commission also reported on its administrative budget, grant management system project, and recent leadership transitions across several agencies. Karen Tyler of the Industrial Commission described active grant rounds and the status of major projects. She said the Clean Sustainable Energy Authority approved three projects in its sixth round, with remaining uncommitted cash and loan capacity still available, though no new funding was appropriated this session. She also said the Oil and Gas Research Council approved six enhanced oil recovery projects and expects additional funding after a federal Department of Energy award replaces one project’s state funding. For grid resiliency grants, she said some projects have been funded, some commitments were returned or reallocated, and some DOE funds remain pending. She also updated the committee on the salt cavern business case study, which replaced an earlier larger development proposal, and on the NDSU research park grant, where the nonmatching portion was paid and the matching portion has moved slowly because the match must be in cash. Ron Ness then gave an extended presentation on enhanced oil recovery and North Dakota oil and gas trends. He said production remains steady, but future growth depends on infrastructure, especially gas takeaway and projects like the Bakken East pipeline. He argued that enhanced oil recovery using CO2, natural gas, surfactants, and other methods could extend Bakken production for decades, but that the state needs more CO2 supply, better storage, and updated tax and regulatory incentives. Members asked about lateral lengths, CO2 availability, pipeline impacts, and the role of the Strategic Petroleum Reserve, and Ness emphasized that the projects are intended to share technical learning across operators and attract follow-on investment. The Bank of North Dakota then presented its compliance report and strategic update. President Don Morgan said the bank’s mission remains to support North Dakota agriculture, commerce, and industry while cooperating with the state’s financial sector. He reviewed the bank’s main business lines: participation lending with community institutions, student loans, disaster lending, mission-based programs, and a new fintech-focused effort. Morgan said deposits are flattening, so the bank is managing balance sheet growth carefully, while still reporting improved net income and strong efficiency. He also introduced Rough Rider Coin as a bank-to-bank payment rail, not a public cryptocurrency, intended to speed and modernize payments within North Dakota’s banking and credit union system. Committee members asked about student loan eligibility, disaster program use, and how credit lines and liquidity would be affected if deposits shrink.

Transcript Highlights:

• , and auto loan delinquencies.'
• </c> loans and auto loan delinquencies. loans and auto loan delinquencies.
• ,</c> arrange consumer short-term loans, arrange consumer short-term loans, removes<01:33:25.640><c>
• </c> requirements for mortgage loan requirements for mortgage loan originators<01:33:29.880><c> meeting
• </c> guarantees Act. guarantees Act.

Committee: Senate Commerce and Consumer Protection

Transcript Highlights:

• For a small town such as Camp Verde, that creates a serious financial exposure with no guarantee.
• For a small town such as Camp Verde, that creates a serious financial exposure with no guaranteed outcome
• Navajo economic strategies: the Navajo Nation uses loan guarantees and co-lending programs to reduce
• But this one here covers the loan guarantee program, loan participation program, and bank partnerships
• Loan participation program and bank partnerships that tribes have to offer for businesses.

Summary: The committee began with a series of presentations highlighting tribal communities as part of rural economic development. Representative Mae Peshlakai described Legislative District 6, emphasizing its large geographic size, the eight tribal nations within it, and the cultural and scenic importance of the Navajo Nation and other tribes. Governor Stephen Roe Lewis then presented on the Gila River Indian Community, focusing on its history, Hohokam heritage, water rights, the MAR-5 aquifer recharge project, cultural traditions, and the importance of collaboration with state lawmakers. Members praised the presentations and noted the need for greater attention to tribal issues in the legislature. The committee then took up SB 1016, with a strike-everything amendment that moved the property-owner petition requirement earlier in the process for municipal improvement districts and allowed certain notice and protest requirements to be waived. Supporters, including the mayors of Camp Verde and Clarkdale, said the change would improve transparency, reduce financial risk for small towns, and help rural communities build needed infrastructure such as wastewater systems, water lines, and housing-related improvements. The committee adopted the strike-everything amendment and passed SB 1016 on a 5-0 vote, with one member present and one absent. Next, the committee considered SB 1401, the Workforce Housing Accelerator Act, using a strike-everything amendment that would allow municipalities to create expedited plan review and permitting for qualified workforce housing projects and exempt project proceeds from the state portion of the prime contracting sales tax. Habitat for Humanity representatives said the measure would lower carrying costs and help build more affordable homes, while one member noted the tax exemption would reduce general fund revenue but supported the bill as a targeted tradeoff to address housing shortages. The committee adopted the amendment and passed SB 1401 by a 5-1 vote. The meeting concluded with Representative Myron Sosec’s presentation on barriers to economic development on the Navajo Nation and other tribal lands. He discussed lower workforce participation, higher unemployment and poverty, limited access to capital, trust-land financing barriers, dual taxation, infrastructure deficits, and delays caused by federal and tribal review processes. He also highlighted Navajo economic strategies such as loan guarantees, renewable energy development, and tourism investments, and urged state action on tax reform, matching funds, and annual tribal field hearings. The committee then adjourned.

Transcript Highlights:

• For a small town such as Camp Verde, that creates a serious financial exposure with no guarantee.
• For a small town such as Camp Verde, that creates a serious financial exposure with no guaranteed outcome
• Navajo economic strategies: the Navajo Nation uses loan guarantees and co-lending programs to reduce
• But this one here covers the loan guarantee program, loan participation program, and bank partnerships
• Loan participation program and bank partnerships that tribes have to offer for businesses.

Summary: The committee devoted much of the meeting to presentations highlighting tribal communities in rural Arizona. Representative Peshlakai opened with a video and remarks about Legislative District 6, describing it as the state’s largest district and emphasizing its many tribal nations, scenic landmarks, and her personal Navajo background. Governor Stephen Roe Lewis then presented on the Gila River Indian Community, discussing its Akimel O’odham and Piipaash heritage, water rights history, the MAR-5 aquifer recharge project, cultural traditions, and the community’s role in regional water and infrastructure issues. A presentation on the Pasqua Yaqui tribe followed, focusing on cultural resilience, ceremonial traditions, and the history of displacement and freeway construction in Tucson. Representative Sosei later outlined barriers to tribal economic development, including trust land financing limits, federal and tribal review delays, infrastructure gaps, dual taxation, and the need for broadband, water, and road investment, while proposing reforms such as tax changes, state match funds, and annual tribal field hearings. The committee then considered SB 1016, a strike-everything amendment that would move the property-owner petition requirement earlier in the municipal improvement district process and allow waivers of certain notice and protest procedures. Supporters, including mayors from Camp Verde and Clarkdale, said the change would improve transparency, reduce financial risk for small towns, and help rural communities build wastewater and other infrastructure. The committee adopted the strike-everything amendment and passed SB 1016 on a 5-0 vote, with one member present and one absent. Next, the committee heard SB 1401, the Workforce Housing Accelerator Act, which would let municipalities create expedited plan review and permitting processes for qualified workforce housing projects and exempt project proceeds from the state portion of the prime contracting sales tax. Supporters from Habitat for Humanity said the measure would reduce carrying costs, speed approvals, and help build more affordable homes for working families. One member noted the bill would reduce general fund revenue but supported it as a targeted tradeoff to address housing affordability. The committee adopted the amendment and passed SB 1401 on a 5-1 vote, with one member absent.

Transcript Highlights:

• and business loans.
• and business loans.
• and business loans.
• and business loans.
• To provide them with mortgages and car loans and business loans.

Summary: The Senate opened with routine formalities, approved the journal, welcomed a SkillsUSA student delegation, and then moved into budget and policy business. The chamber accepted a Rules Committee report and took up a supplemental budget extender, Senate Print 9963, which would extend state operations through April 22 and authorize $12.7 billion, including about $5.1 billion in new funding for Medicaid, payroll, and school aid. Senator O’Mara questioned the delay in the budget, the lack of public detail, and unresolved issues such as CLCPA changes, auto insurance, and SEQR reforms; the sponsor said negotiations were ongoing and that school aid would likely build on the executive budget. The extender passed 57-1, with Senator Weik voting no. The Senate then adopted Senate Resolution 1887, sponsored by Senator Brisport, memorializing the Governor to proclaim April 2026 as Arab American Heritage Month. Senators Brisport, Fahy, Salazar, and Gounardes spoke in support, emphasizing Arab Americans’ cultural, civic, and economic contributions in New York and condemning anti-Arab and anti-Muslim bias. The resolution was adopted by voice vote and opened for co-sponsorship. The chamber next considered several bills on the calendar, including a bill by Senator Cleare to prohibit state-chartered financial institutions from investing in private correctional facilities. Supporters framed it as a moral response to private prisons and rising federal use of detention facilities, while opponents argued it would overregulate state-chartered banks and affect private investment decisions. The bill passed 36-22. The Senate also passed a bill by Senator Krueger raising the nonprofit lobbying disclosure threshold from $5,000 to $10,000, after debate over transparency and whether the change would reduce oversight; it passed 35-23. Finally, the Senate passed Senator May’s bill on advanced transmission technologies and utility planning, after extensive debate over ratepayer costs, battery storage, and data center growth; supporters said it could lower energy costs through more efficient grid use, while opponents said it would raise rates and duplicate existing studies. The bill passed after being restored to the non-controversial calendar.

Transcript Highlights:

• You are making it a loan if you say the student...
• "What about the student who has to pay this loan back?
• "What would legally require them to pay back the loan?
• Now that they have this loan, how does that...?
• Because what happens is the Louisiana Constitution guarantees that the Louisiana Constitution guarantees

Bills: HR179 , HR180 , HR181 , HR182 , HR183 , HR184 , HR185 , HR186 , HR187 , HCR75 , HCR76 , HCR77 , HCR78 , HCR79 , HR165 , HR166 , HR168 , HR169 , HR170 , HR171 , HR172 , HR173 , HR174 , HR175 , HR176 , HR177 , HR178 , HCR65 , HCR66 , HCR67 , HCR68 , HCR69 , HCR70 , HCR71 , HCR72 , HCR73 , HCR74 , SCR34 , SB34 , SB43 , SB52 , SB56 , SB165 , SB173 , SB189 , SB190 , SB260 , SB322 , SB345 , SB374 , SB387 , SB401 , SB448 , SB449 , SB455 , SB487 , SB496 , SB502 , SB505 , HB362 , HB893 , HB990 , HB1007 , HB1153 , HB1243 , HR1 , HR17 , HCR5 , HCR4 , HCR47 , HB55 , HB385 , HB394 , HB396 , HB406 , HB608 , HB622 , HB676 , HB772 , HB897 , HB1030 , HB1035 , HB1038 , HB1045 , HB1049 , HB1056 , HB1058 , HB1059 , HB1092 , HB1100 , HB1117 , HB1160 , HB1161 , HB1162 , HB1177 , HB1180 , HB1189 , HB1216 , HB1239 , HB1240 , HB59 , HB74 , HB159 , HB330 , HB364 , HB414 , HB458 , HB525 , HB568 , HB786 , HB1008 , HB1033 , HB1034 , HB1041 , HB1062 , HB1070 , HB1079 , HB1112 , HB1118 , HB1139 , HB1151 , HB1176 , HB1182 , HB1196 , HB1214 , HB1241 , HB87 , HB115 , HB162 , HB368 , HB433 , HB441 , HB447 , HB466 , HB481 , HB741 , HB1242 , SB162 , SB349 , SB350 , SB382 , SB383 , SB127 , SB244 , HB977 , HB181 , HB31 , HB664 , HB9 , HB192 , HB225 , HB306 , HB310 , HB366 , HB635 , HB911 , HB1230 , HB1236 , HB615 , HB864 , HB1103 , HB1175 , HB901 , HR20 , HR74 , HB284 , HB393 , HB459 , HB577 , HB582 , HB605 , HB614 , HB682 , HB733 , HB773 , HB996 , HB1003 , HB1082 , HB1113 , HB1234

Keywords: neighborhood, crime prevention, security districts, law enforcement, community safety, funding, Counseling Day, mental health, Louisiana Counseling Association, community support, mental wellness, Louisiana State University, athletics, NAIA, sports achievements, recognition, success, competition, education, higher education

Transcript Highlights:

• Kentucky's licensed consumer loan companies have been offering this product for over 20 years.
• Chairman. used to secure a loan in the event of a used to secure a loan in the event of a theft,<00:01
• ><c> companies</c> Kucky's licensed consumer loan companies Kucky's licensed consumer loan companies
• Um, my guest here is Chris Nolan, representing the Guaranteed Asset Protection Alliance.
• </c> &gt;&gt; Chris Nolan representing the Guaranteed &gt;&gt; Chris Nolan representing the Guaranteed

Committee: Senate Banking & Insurance

Transcript Highlights:

• This would allow us to get the loan from NMFA.
• off at the reduced principal instead of using it to pay towards that loan.
• Lastly, if they have ever received loans from the agency, those loans must be in good standing before
• And so the way the program works is a loan-for-service program.
• Clear, this is what we call a loan-for-service program. Mr.

Committee: House House Rural Development, Land Grants And Cultural Affairs

Transcript Highlights:

• Then we underwrite the loan.
• </c><00:48:04.400><c> is</c> by our loan committee then the loan is by our loan committee then the loan
• , loan guarantees, small business relief grants, Main Street COVID relief grants, Main Street economic
• the loan program and starting a the loan the loan program and starting a business<01:31:07.679><c> and
• </c> to collect on on those loans? to collect on on those loans?

Committee: House Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:

• So, overall, the bill before us today will create a revolving loan fund at MHFA, which is accessible
• Those loans can then be used to develop and rehabilitate housing.
• Those loans can then be used to cities.
• Those loans can then be used to develop<00:02:27.040><c> and</c><00:02:27.280><c> rehabilitate</c><00
• everybody a you know to do is guarantee everybody a you know safe,<00:12:46.240><c> secure,</c><00:12

Transcript Highlights:

• It is not like a car loan or a business loan, um, something we choose.
• ><c> business</c><00:03:43.840><c> loan</c><00:03:44.480><c> um</c><00:03:44.959><c> something</c> car
• loan or a business loan um something car loan or a business loan um something we<00:03:45.519><c> choose
• </c><00:04:38.800><c> that</c><00:04:39.040><c> you</c> with medical debt, I guarantee that you with
• medical debt, I guarantee that you know<00:04:39.360><c> somebody</c><00:04:39.600><c> who</c><00:04:

Transcript Highlights:

• The loans are zero interest forgivable loans, and the way that is set up, the loans have a 5-year term
• forgivable loans.
• We don't have a term on the loans. We don't have a term on the loans.
• </c> and providing loans. and providing loans.
• . loans. loans.

Committee: Senate Finance

Transcript Highlights:

• of income exclusions, but they do not explicitly exempt merit-based private scholarships, grants, loans
• So this bill would exempt student loans, like what Assemblymember Moran Ryan said, and that's all I have
• I'm here today as a designer and implementer of a community-led guaranteed income pilot called Cocoa
• And so, as a former policy and program implementer, including the Los Angeles Guaranteed Basic Income
• We know that providing guaranteed income improves economic security significantly.

Committee: House Human Services

Summary: The Assembly Committee on Human Services heard several bills focused on foster youth, public benefits, housing stability, and poverty reduction. AB 373 would require attorneys in extended foster care dependency cases to represent the expressed wishes of non-minor dependents ages 18 to 21 rather than substituting their own judgment. Supporters, including California Youth Connection and the Children’s Law Center, said the bill would respect young adults’ autonomy; there was no opposition. The committee later approved AB 42, which would exempt merit-based scholarships, grants, loans, and fellowships from income calculations for CalWORKs and CalFresh, with supporters arguing that students should not lose benefits for pursuing education. The bill passed unanimously to Appropriations. The committee also approved AB 534, which would help transitional housing providers serving foster youth move from leasing to owning properties by extending contract terms and improving access to financing. Supporters said ownership would create more stable, affordable housing and reduce landlord barriers; there was no opposition. AB 562, a family-finding measure, would require counties below statewide placement averages to use a checklist and work with the Center for Excellence for Family Finding to improve relative placements for foster children. Testimony emphasized the importance of family-first placements and better county accountability, and the bill passed unanimously. AB 661 would direct the Department of Social Services to develop a plan for a permanent statewide guaranteed basic income program, drawing on local pilot programs and input from experts and participants. Supporters described the program as a way to improve economic security, housing stability, and access to education and health care, while one committee member voted no and the bill passed 5-2. The committee also adopted a consent calendar containing several additional bills, and all measures taken up during the hearing were reported out to the Assembly Appropriations Committee.

Transcript Highlights:

• And that's what bothers me is that I don't have that guarantee.
• loan compared to a loan that might have been achieved in the regular market unsubsidized?
• But are we going to value that at the whole $2.5 million loan?
• But are we going to value that at the whole $2.5 million loan?
• So it is directly addressed as far as pre-development loans.

Committee: Senate Housing

Summary: The committee opened its first Senate Housing hearing of 2026 by taking up several two-year bills and bond measures. SB 222 by Senator Wiener, the Heat Pump Access Act, would streamline permitting for heat pump water heaters and HVAC systems, allow video/phone participation by contractors during inspections, and limit HOA barriers. Supporters said the bill would cut costs, speed replacements, reduce pollution, and help Californians lower energy bills; the League of California Cities opposed unless amended, citing concerns about a permit fee cap and virtual inspections. After questions about fees, inspection liability, HOA authority, and electrical panel upgrades, the bill passed 10-0 to Senate Local Government. The committee then considered SB 677, a follow-up to SB 79. The author announced the bill would be narrowed to two definition changes and that broader SB 79 cleanup would come in a new bill later in 2026. Testimony reflected both support and concern: some local governments and counties said more clarity was needed on implementation, transit-related definitions, and timing, while housing and transit advocates supported the cleanup and the removal of the ferry-stop provision. The committee approved the amended bill 10-1 to Local Government. SB 417, the Affordable Housing Bond Act of 2026, proposed a $10 billion general obligation bond for affordable rental housing, supportive housing, homeownership, and preservation. Supporters argued that state housing funds had been exhausted, that thousands of shovel-ready units were waiting for financing, and that the bond would leverage federal tax credits and create jobs. Opponents, including Habitat for Humanity, asked for a dedicated CalHome set-aside for homeownership. Members debated state debt levels, bond repayment, and whether the state should rely more on direct appropriations, but the bill passed 8-1 to Appropriations. The committee also began hearing SB 492, the Youth Housing and Youth Center bond, which the author said was intended to be folded into a larger housing bond package. The bill would authorize bonds for youth housing and youth centers for transition-age youth up to age 25, with the author arguing that early intervention could prevent future homelessness. The transcript cuts off before the committee completed action on SB 492.

Transcript Highlights:

• So if they're asking for a short-term loan, then they'll get more points than for a long-term loan.
• From a loan term perspective, the maximum loan term is $15 million.
• The loan term is typically 15 to 30 years.
• Same with the rental housing; even if they've paid off the loan, our collateral minimum loan-to-value
• guarantees.

Committee: House Public School Capital Outlay Oversight Task Force