Transcript Highlights:

• of projected revenues that exceed 105% of projected expenditures that the legislature must use to refund
• of projected revenues that exceed 105% of projected expenditures that the legislature must use to refund
• <00:02:41.040> or you legislature must use to refund or you legislature must use to refund
• The children that we serve will not get a tax refund, but they will be severely affected by a system
• You can either give it back as an income tax refund, or you can do it back as property tax.

Keywords: 1183, house

Transcript Highlights:

• So we had a Certificate of Obligation, but we did a refunding of our 2013 Certificate of Obligation.
• We just refunded those probably about a year ago.
• Through a refunding, that can defuse the existing CO, but then there's a new one.
• There might be a refunding or refinancing of that previous debt obligation? Yes.
• It includes a 72-hour refund policy for fraud victims who are new customers.

Bills: HB1453, HB1718, HB2043, HB2207, HB2798

Keywords: local governments, anticipation notes, certificates of obligation, public works, flood control, financial management, local government, municipal financing, private activity bonds, closing definition, real estate finance, bond issuance, government regulation, bond election, general obligation bonds, GO bonds, political subdivision, city bonds, county bonds, school district bonds

Transcript Highlights:

• Um, when this happened, the refunds.
• Um, the other aspect that I've mentioned is the 90-day refund window.
• <01:27:04.960> window transactions and a 90-day refund window transactions and a 90-day refund
• refund window is so important. refund window is so important.
• daily limit and the $90 refund window. daily limit and the $90 refund window.

Keywords: 1191, senate, all

Transcript Highlights:

• That was increased a little bit because of some refunds. Thank you.
• That was increased a little bit because of some refunds that were received from Department of Education
• There was another refund mechanism that the Legislature put in.
• And any collections in excess of that amount were refunded back.
• And any collections in excess of that amount were refunded back to corporate income tax filers.

Bills: S0110, S0434, S0856

Keywords: property assessment, wind damage, home improvements, real estate, tax exemption, Florida statutes, ad valorem taxes, property listings, tax estimation, disclosure, Florida, residential property

Summary: The committee heard and passed three bills before moving to a staff presentation on the state revenue forecast and the federal One Big Beautiful Bill Act. SB 856, by Senator DeSantis? [sic], would require online real estate listing platforms to display estimated property taxes for residential properties using prescribed methods and DOR-developed formulas rather than the current owner’s tax bill. Supporters from county, city, and property appraiser groups said the bill would improve transparency and help homebuyers avoid surprise tax and escrow increases. The bill was reported favorably after debate about making sure the estimate appears on realtor and platform sites for first-time buyers. SB 110, by Senator Arrington, was amended and then reported favorably. The bill clarifies that people holding 98-year-or-longer residential leases remain eligible for the homestead tax exemption even if the lease ends upon the tenant’s death, aligning those leaseholds with life estates for estate-planning purposes. The amendment, supported by the Florida Bar’s real property, probate and trust law section, clarified that lease provisions terminating at death are valid under current law. SB 434, by Senator Leak, was also reported favorably; it would prevent property tax assessments from reflecting increased just value attributable to wind-hardening improvements such as stronger roof attachments, shutters, and roof-to-wall reinforcements. The committee then received an update from staff director Azar Khan on the new general revenue forecast. He said collections had been running slightly above estimate overall, but the Revenue Estimating Conference reduced corporate income tax projections because of weaker recent collections and uncertainty around tariffs, while increasing some other revenue sources. Members then discussed the federal One Big Beautiful Bill Act, which staff said would significantly reduce Florida corporate income tax revenue, with a large first-year impact driven by retroactive provisions such as bonus depreciation, research expensing, and business interest deductions. Senators and the appropriations chair said the forecast and federal changes would affect budget planning, and the committee adjourned after noting the bills had been favorably reported and the meeting was complete.

Transcript Highlights:

• These companies are not required to refund the veteran for their portion of the overpayment or take responsibility
• So, for example, charging upfront non-refundability... about violating federal law.
• So, for an example, charging upfront non-refundability.
• So, for example, charging upfront non-refundable fees and not doing work.
• We could legislate against upfront non-refundable fees and require any fee to be contingent on a successful

Summary: The Assembly Committee on Military and Veterans Affairs met as a subcommittee because a quorum was initially lacking, and heard six bills. AB 81 by Assemblymember Ta would require CalVet to study the mental health needs of women veterans; supporters from county veterans service officers, veterans organizations, and behavioral health groups said women veterans face higher rates of military sexual trauma, PTSD, depression, and suicide, while no opposition appeared. The bill was later passed 7-0 and re-referred to Appropriations. AB 826 by Assemblymember Gonzalez would prohibit unaccredited individuals or businesses from charging veterans fees to file or assist with VA benefits claims, impose a civil penalty, and direct penalty revenue to veterans services and district attorneys. Supporters argued the bill would curb predatory “claim sharks” and protect veterans from exploitation, while opponents from private claims consulting firms and several veterans said the measure could restrict access to legitimate help and should be narrowed to target bad actors instead of banning paid assistance broadly. After extensive testimony and discussion about federal law, accreditation, and possible amendments, the committee passed the bill 8-0 and re-referred it to Judiciary. AB 556 by Assemblymember Patterson would clarify that campus-level mandatory fees are covered under the CalVet fee waiver for dependents of certain veterans and Medal of Honor recipients. Supporters said the bill would fulfill the state’s promise to veterans’ families, while concerns were raised about fiscal impacts on CSU campuses and the need for more precise cost estimates. The bill was passed 6-0 and sent to Appropriations. The committee also adopted its rules 7-0 and approved the consent calendar, which included AB 264, AB 1508, and AB 1509, all re-referred to Appropriations.

Transcript Highlights:

• School Board, Consolidated School District, for not exceeding $38.89 million of general obligation refunding
• School Board, consolidated school district for not exceeding 38.89 million of general obligation refunding
• for reference. 35 is the consideration of Resolution No. 2 for not exceeding $425 million of GO refunding
• bonds to refund the Series 2016 bonds and tender other outstanding bonds for savings.

Summary: The State Bond Commission met on May 21, established a quorum, approved the April 16 minutes, and then considered a long agenda of bond, refunding, and election-related requests. Items 3 through 10 were election propositions for the November 3 ballot involving ad valorem taxes, parcel fees, and charter amendments for purposes such as fire protection, agricultural centers, neighborhood security, recreation, aging services, drainage, and roads and bridges; staff said they met technical and legal requirements, and the commission approved them. The commission also approved several local financings, including water and sewer projects, fire district equipment and facility improvements, school board and parish bonds, and refunding transactions for the East Baton Rouge City-Parish and St. James Parish School Board. A retroactive approval request from the City of Kenner related to a CEA with GMB Basketball LLC was discussed; staff made no recommendation because it was retroactive, but noted it appeared to be an oversight, and item 22, the related airport district agreement, was approved. The commission approved additional financing for the Louisiana Housing Corporation’s Federal City Building 10 affordable housing project, a preliminary approval for the Northwest Louisiana Finance Authority’s Petro Tower redevelopment in Shreveport, and two Louisiana Public Facilities Authority projects: Southern University’s Scott’s Bluff student housing project and the Crescent City Schools project for Harriet Tubman Charter School. During discussion of the Crescent City Schools financing, a commissioner asked about the use of MFP funds; staff explained that lease payments would be the repayment source and that MFP dollars are generally split between educational expenses and facilities costs, with the school’s typical split around 72% instructional and 28% administrative/facilities-related. Both items were approved. The commission then received six cost-of-issuance reports for previously approved bond issues, with various fee adjustments but no motions required. It also reviewed a debt schedule update and adopted Resolution No. 2 authorizing up to $425 million in general obligation refunding bonds to refund Series 2016 bonds and tender other outstanding bonds for savings, with pricing tentatively set for June 16 and closing for June 30. In other business, the commission heard a brief public comment from New Orleans City Council President J.P. Morrell thanking the commission for helping place a charter amendment on the ballot to improve New Orleans budgeting transparency and oversight. The meeting ended after monthly reports were noted and no further business was raised.

Transcript Highlights:

• to amend the Racing, Pari-Mutuel Wagering and Breeding Law in relation to unclaimed winnings and refunds
• to amend the Racing, Pari-Mutuel Wagering and Breeding Law in relation to unclaimed winnings and refunds
• to amend the racing, paramutual wagering, and breeding law in relation to unclaimed winnings and refunds

Keywords: 993, senate, all

Summary: The Senate Racing, Gaming and Wagering Committee held what was described as its final meeting, with Chair Joe Addabbo and Ranking Member Tedisco offering brief remarks thanking colleagues, staff, and stakeholders for bipartisan work on gaming and racing issues. The chair emphasized the committee’s goal of promoting legal, safe gaming and supporting related industries such as horse racing. The committee then advanced several bills. S-2294 (Scufis) on employees of authorized organizations operating games of chance was approved unanimously. S-4865 (Fahy) would allow the Capital District Regional Off-Track Betting Corporation to retain and distribute certain uncashed tickets; it was approved, with Senator Helming voting without recommendation. S-5614 (Addabbo) would remove restrictions on how often certain authorized organizations may conduct bingo games; it passed unanimously and was sent to the calendar. The committee also approved S-9414 on prediction markets, with members noting the issue’s growing importance and thanking the Gaming Commission, Governor’s Office, and Attorney General’s Office for their efforts; Senator Helming voted without recommendation. S-9415 (Addabbo) would require mobile sports wagering operators to share monthly invoice statements with authorized consumers and was sent to the calendar. S-9545 (Fahy) on unclaimed winnings, refunds, and tax remittance was also approved and sent to the Finance Committee. No opposition votes were recorded on the measures that were advanced.

Transcript Highlights:

• Yes, and it's non-refundable. Okay. Thank you very much. Department of Taxation. Yes.
• And it's non-refundable.<00:15:43.920> Non-refundable.<00:15:44.800> Okay.
• non-refundable. Non-refundable. Okay. non-refundable. Non-refundable. Okay.
• <00:16:00.320> No, on a $5,000 non-refundable credit.
• No, on a $5,000 non-refundable credit.

Keywords: 912, senate, all

Summary: The committee opened its Health and Human Services calendar, noted quorum, and first took up HB 194. The chair explained amendments to add an exemption for a person invited by a patient to attend a birth outside an accredited birth facility when no compensation is involved, remove a date reference in section 9, and accept Department of Health amendments. Members raised no objections, and the committee voted to pass HB 194 with amendments. The committee then heard HB 139 on insurance, with the Attorney General flagging possible unlawful delegation issues and suggesting clarifying language, while the Insurance Division stood on written testimony. A number of health organizations and advocates, including HMSA, Hawaii Association of Health Plans, oncology and fertility groups, testified in support. HB 613 on homeless youth drew broad support from state agencies, counties, youth advocates, and community groups; testimony emphasized the need for permanent safe spaces and more attention to unaccompanied minors, with one witness asking for clarity on funding and shelter capacity. HB 71 on a tax credit for family caregivers drew support from AARP, Alzheimer’s and children’s advocates, and several individuals, while the Tax Foundation raised concerns about blank provisions and the cost-effectiveness of administering a small credit. The Department of Taxation said a prior version with a $5,000 nonrefundable credit would have cost the general fund about $397.4 million. HB 716 on health care technology support received strong support from SHPDA, OHIN, and many provider groups, who described it as a one-time investment of roughly $20–25 million to connect rural and neighbor island providers to electronic health records; members questioned how the grant program would be allocated. HB 799 on physician hospital privileges also drew mixed testimony: supporters said it would align Hawaii with updated CMS rules and improve access, especially on Maui, while Maui Health and some members worried it could reduce on-call coverage and hospital safety, leading to discussion of a possible report and sunset date.

Transcript Highlights:

• It obligates an officer or employee to request a complete refund from the travel vendor for travel not
• 00:38:56.240> request<00:38:56.640> a<00:38:56.880> complete<00:38:57.280> refund
• employee to request a complete refund employee to request a complete refund from<00:38:58.000>
• to<00:39:14.480> testify<00:39:14.800> on<00:39:14.960> this partial refund
• First to testify on this partial refund.

Bills: SB2119, SB3131, SB3069, SB3180, SB2137, SB2993, SB2778, SB2672, SB2014, SB2967

Keywords: reimbursement, public employees, travel costs, government travel policy, finance management, job title, administrative assistant, executive assistant, state personnel, civil service, modernization, employment standards, DAGS, Department of Accounting and General Services, comptroller, civil service exemption, collective bargaining exemption, public works special project branch, specialized public works, information technology modernization

Transcript Highlights:

• The MVCPA collects these fees and handles refunds, but there are gaps and inefficiencies present under
• controller's expertise in this area by formally transferring MVCPA fee collection, enforcement, and refund
• the controller to do that, where you have procedures if a company owes money or if they're due a refund
• The MVCPA collects these fees and handles refunds, but there are gaps and inefficiencies present under
• the controller to do that, where you have procedures if a company owes money or if they're due a refund

Bills: HB341, HB469, HB971, HB1624, HB2721, HB2959, HB3365, HB3731, HB3793, HB3861, HB3946, HB3966, HB4348, HB4401, HB4402, HB4924, HB4966, HB5563

Keywords: affordable housing, zoning, development, community support, local regulations, bicycle lanes, traffic collisions, Texas Department of Transportation, study, public safety, bicycles, electric bicycles, scooters, road safety, transportation study, commercial vehicle, safety standards, enforcement, Texas counties, transportation

Transcript Highlights:

• Nearly $1 billion in property tax relief through targeted refunds for homeowners, renters, seniors, and
• :08:55.839> direct<00:08:56.320> property<00:08:56.720> tax<00:08:57.080> refunds
• <00:08:57.800> to in direct property tax refunds to in direct property tax refunds to Minnesotans
• this<00:08:59.120> year<00:08:59.880> in<00:09:00.000> a<00:09:00.040> refund
• <00:09:00.480> that Minnesotans this year in a refund that Minnesotans this year in a refund

Keywords: 918, senate, all

Summary: Senate DFL leaders held a press conference focused on affordability, federal cuts, and end-of-session negotiations. Senators Heather Gustafson, Erin Maye Quade, Liz Boldon, Grant Hauschild, and Majority Leader Erin Murphy highlighted prior DFL accomplishments such as universal school meals, North Star Promise, paid family and medical leave, property tax relief, the child tax credit, and Social Security tax cuts, while arguing that House Republicans have not shown enough urgency on current affordability issues. A major theme was the impact of federal policy on Minnesota, especially cuts to Medicaid and SNAP, rising health care and energy costs, and cost shifts to counties and local governments. The senators said the state is spending heavily to backfill federal cuts and protect Minnesotans from higher costs, with particular concern for rural communities, hospitals, EMS, food shelves, and county property taxes. Hauschild emphasized that rural counties and seniors would bear added burdens from federal mandates, while Murphy said the Senate is trying to put money directly into people’s pockets through rental assistance, heating assistance, food support, and targeted property tax relief. The leaders also discussed a Senate Tax Committee proposal for about $100 million in direct property tax refunds, and Murphy said the Senate’s position on HCMC funding is the strongest, while also needing support for rural hospitals and providers statewide. In response to questions, she said the Senate hopes to reach a global deal before the weekend and by Sunday midnight, described the Senate’s proposals as public and already passed, and said some items, including rental relief for people affected by an ICE operation, still have support and may move in the House. No votes were taken at the event.

Transcript Highlights:

• These tax burdens are high for these families, and waiting for a possible tax refund in April leaves
• 50.240> tax families, and waiting for a possible tax families, and waiting for a possible tax refund
• 00:15:52.639> them<00:15:52.800> in<00:15:52.959> a<00:15:53.120> more refund
• Uh, but it's not refundable.
• Uh so if somebody it's not refundable.

Bills: HB585

Keywords: Washington County, circuit clerk, compensation, county government, local legislation, 1136, house, all

Transcript Highlights:

• It requires refund protections for first-time transactions involved.
• Refund protections for first-time transactions involving non-U.S. wallets when fraud is reported with
• Second, the 72-hour refund provision. This is real consumer protection here with teeth.
• Now, law enforcement tells us that most ...and request that full refund.
• Transaction hashes, wallet addresses, and refund policies on every digital receipt gives victims and

Summary: The committee first took up SB 1236, which would condition state economic development incentives on employers at subsidized companies using secret-ballot union elections and prohibiting neutrality agreements. The sponsor said the bill is meant to protect workers and taxpayer dollars, and he noted he would amend the Attorney General enforcement language to allow appeals. Supporters argued it protects secret ballots and transparency, while opponents said it is a form of union-busting, could conflict with federal labor law, and would burden contractors and workers. After debate, the committee reported the bill favorably on a roll call vote, with Senators Bracey Davis, Smith, and Errington voting no and the remaining recorded votes in favor. The committee then heard CS/SB 198, which regulates cryptocurrency kiosks to combat fraud, especially against seniors. The bill requires kiosk registration, fraud warnings, blockchain analytics, transaction limits, receipts, and refund protections for certain first-time transactions involving non-U.S. wallets. Supporters from consumer and senior advocacy groups said the bill would help stop widespread scams, while one industry witness praised the bill’s fraud protections but suggested narrowing the daily limits and new-customer period. The committee reported the bill favorably by roll call vote. Next, the committee considered CS/SB 1356 on dog breeding, pet sales, and breeder registration. The sponsor described it as a work in progress aimed at ending inhumane breeding conditions, improving consumer disclosures, and creating breeder standards and penalties; an amendment removed state oversight of local animal shelters. Pet store representatives supported many animal welfare provisions but objected to the three-day financing waiting period, shelter-space requirements, expanded reimbursement, and litigation exposure. Animal welfare supporters backed the bill, and the committee reported it favorably. The committee also heard SB 1722 on app stores and minors’ access to apps. The bill requires age verification, parental consent for minors, notice of app changes, and enforcement by the Department of Legal Affairs. Supporters said it would better protect children online and help enforce existing age-based restrictions, while opponents warned it could require overcollection of personal data, create privacy and constitutional problems, and duplicate tools parents already have. After debate, the committee reported the bill favorably. Finally, the committee took up CS/SB 422, which would bar use of ADS-B aviation data to calculate or collect certain airport fees, with an amendment adding departures to the covered activities. A pilot supported the bill as a safety and privacy measure, while airport advocates opposed it, saying it would undermine airport finances and force less efficient fee collection methods. The transcript ends during testimony on this bill, before final action is shown.

Transcript Highlights:

• This is to send refunds for overpayment of estimated quarterly premium taxes.
• that they are closely meeting those goals and objectives, and if they are not, then they are not refunded
• that they are closely meeting those goals and objectives, and if they are not, then they are not refunded
• that they are closely meeting those goals and objectives, and if they are not, then they are not refunded
• . goals and objectives, and if they are not refunded.

Keywords: 1204, all

Transcript Highlights:

• We recognize the need for a more streamlined refund process for impact fees.
• We recognize the need for a more streamlined refund process for impact fees, and we would like to work
• to refine the bill language to simplify the refund of the fee when there's an overpayment, to avoid
• Mooney spoke about from the Florida Association of Counties on the streamlined refund.
• Mooney spoke about from the Florida Association of Counties on the streamlined refund.

Bills: S0014, S0016, S0024, S0168, S0288, S0548, S0686, S0830, S1138, S1234

Keywords: negligence, settlement, police conduct, municipal liability, personal injury, compensation, injuries, Miami-Dade County, rural electric cooperatives, energy production, Florida law, energy tariffs, regulation, impact fees, transportation capacity, local government, interlocal agreements, growth management, community planning, extraordinary circumstances

Summary: The committee met with a quorum present and took up a series of local claims, public records, growth management, permitting, and nuisance bills. It first heard and approved SB 16, SB 14, and SB 24, all uncontested claims bills providing relief related to injuries or settlements involving the City of St. Petersburg and Miami-Dade County. The committee also approved SB 288 on rural electric cooperatives, which narrows statutory language to protect co-op decisions on generation and power purchases while preserving consumer protections, and SB 830, which creates a public records exemption for certain personal information of county and city managers and their families due to reported threats against local officials. Members then considered SB 1138 on qualified contractors and development review, which would create a registry of licensed professionals to help local governments process pre-application reviews and plats more quickly. Local government groups raised concerns about preemption and preserving quasi-judicial authority, while private-provider supporters backed the bill; Senator Sharief voted no, and the bill was reported favorably. The committee also approved SB 168, expanding public nuisance law to include gambling houses and increasing penalties, and SB 686 on agricultural enclaves, which revises the enclave process, adds a public hearing path, limits it to certain residential projects in urban service areas, and was amended to change a date to June 30, 2026 before being reported favorably. The committee next approved CS for SB 548 on growth management and impact fees, which clarifies plan-based methodology, extraordinary circumstances, interlocal agreements, and refund procedures for improper fee collections. Testimony reflected support for clearer standards but also concerns about fee increases and refund administration. Finally, SB 1234 on building permits and inspections was reported favorably; it would extend permit validity, exempt some low-value work from permitting, create a statewide residential permit form, speed review timelines, and expand private-provider use, drawing opposition from a Miami-Dade building official who argued for continued local oversight and support from private-provider advocates. Senator Jones requested to be recorded as voting affirmatively on several tabs and negatively on tab 9, and the committee adjourned after all bills were disposed of.

Transcript Highlights:

• In defending this, and I know there's a refund that's been requested out there, have you, has your agency
• And the final amount in question for a refund is roughly around $200,000.
• but because this is current litigation, I don't want to make any comments about the amount of the refund
• Do you anticipate knowing that this has been brought to light any type of refunds then to those that
• discuss further with policy and, you know, as you're aware, any situation where there might be a refund

Summary: The Joint Administrative Procedures Committee reviewed several agency rules and objections under Chapter 120. First, the committee revisited prior objections to Agency for Health Care Administration rules containing sunset provisions. AHCA’s general counsel said the agency amended 26 of the objected rules but declined to amend five others, arguing sunset provisions are lawful, are not themselves rules, and were consistent with a 2019 gubernatorial directive. Committee members questioned that position, especially for licensing and certificate-of-need rules, and urged the agency to consider legislative changes; no formal action was taken on that item during the discussion. The committee then considered an objection to Department of Management Services Rule 60G-1.001 defining the Governor’s Mansion grounds. Committee staff argued the rule is vague and improperly refers to future land acquisitions without updating the rule since 1998. DMS defended the rule as a general definition tied to publicly recorded property and a master lease, but said it would not object if the Legislature chose to codify the definition in statute. After discussion, the committee voted to file the objection. Members also received informational updates from the Department of Environmental Protection on the Solaris state lands inventory system, and from the Florida Gaming Control Commission on its response to the Tampa Bay Downs unadopted-rule litigation, in which the commission said it has stopped relying on the prior tax interpretation and will not promulgate a rule on that issue. The Department of Business and Professional Regulation said it would remove an unsupported cigar wholesale dealer permit reference, repeal an obsolete excise-tax deduction rule, and amend penalty guidelines and an affirmation in its alcohol, beverage, and tobacco rules. Finally, the Division of Administrative Hearings’ interim director discussed case-processing times, possible changes to ALJ status, and whether the Florida Rules of Evidence should apply in administrative proceedings, emphasizing the need to weigh costs, independence, and impacts on pro se litigants. The chair noted this was likely the committee’s final meeting of the year.

Transcript Highlights:

• We just refunded those probably about a year ago.
• So, so through a refunding that can, that can defeat the existing seal, but then there's a new one in
• Interest rates have lowered and so there might be a refunding or a refinancing of that previous debt
• Mandates transaction receipts with essential details and establishes a 72 hour refund policy for fraud
• However, Coin Coinflip does support re-examining, uh, the requirement for refunds.

Transcript Highlights:

• item is the report of the University of Kentucky issuance of $47.65465 million of general receipts refunding
• The 2026 Series A proceeds were used to refund the City of Ashland, Kentucky Medical Center revenue bonds
• This transaction funded certain refunded 2016 Series A, 2016 Series B, 2017 Series A, and 2021 Series
• c><00:29:19.080> uh This transaction funded certain uh This transaction funded certain uh refunded
• certain 2016 Series A refunded certain 2016 Series A 2016<00:29:24.840> Series<00:29:25.280><

Keywords: The live stream ended prematurely due to a network issue. A full recording will be uploaded as soon as possible, 958, all

Summary: The committee first discussed and approved a new airport-related project involving two 60-by-80 corporate hangars. Members asked about how the project would generate revenue, and staff explained that hangar rent and fuel sales would help repay the costs, with more than half of the funding coming from the FAA. The project was approved by roll call vote. The committee then approved two large capital pool projects: a $1,715,120 roof replacement and skylight project for the Libraries and Archives building in Frankfort, and a $2,105,400 exterior renovation project for several state buildings, including Health and Family Services, the Kentucky History Center, and the State Office Building. After that, the Kentucky Infrastructure Authority presented one loan increase and five grant reallocations. The loan increase was for Springfield’s wastewater treatment plant project, rising by $262,300 to just over $2.88 million because bids came in higher than estimated. Members asked about the delay between approval and bidding, and staff explained the design, environmental review, and state approval process can take one to two years. The committee approved the six action items, and then received informational updates on additional water projects that required no action. The Cabinet for Economic Development next presented one forgivable loan and 11 KPDI/KPDI EDF grant projects. The loan was a $1 million forgivable loan for the Perry County Economic Development Board to acquire the Coalfields Industrial Building, with repayment forgivable if a project creates at least 75 jobs. The grant projects included site-readiness and industrial development work in Pendleton, Elizabethtown/Hardin, McCreary, Floyd, Marion, Fleming, Graves, Eddyville/Lyon, Caldwell, Mercer, and Johnson counties. Members asked how local match percentages are set and were told they are based on county population and updated every two years; staff also explained that beneficiaries usually provide the match and are reimbursed after submitting costs. The committee approved the action items. Finally, the Office of Financial Management presented two new debt issues and three SFCC debt issues. The new debt items were a Kentucky Housing Corporation bond authorization of up to $600 million for single-family mortgage revenue bonds, including a $100 million initial transaction, and a $5.5 million multifamily conduit bond for 98 apartments in Lexington. Informational items covered University of Kentucky refunding bonds and Turnpike Authority refunding bonds, both of which produced savings. The three SFCC debt issues for Campbell, Edmonson, and Perry counties were then approved by roll call vote. The meeting ended with brief discussion of the upcoming calendar and scheduling before adjournment.

Transcript Highlights:

• Last year, we refunded nearly $67 million to people who entered the system and decided not to continue
• fund this way in the event that the the member ever comes forward, wants the benefit, or wants a refund
• $15,000 per year, and they're participating in that program, they are not required to make those non-refundable
• you waited out the one year, again, you could return to work as long as you're making those non-refundable
• In that program, both the member and the employer are required to make non-refundable contributions.

Transcript Highlights:

• These funds are not refundable.
• to the B in escrow fully refundable to the B higher<00:54:27.440> this<00:54:27.599> change
• Trying to correct here is that there's some miscommunication about what's deposit and what's refundable
• we have an addendum with non-refundable we have an addendum with your<01:12:35.480> signature
• and where that is unre is non-refundable and where that money<01:12:40.199> was<01:12:40.360>

Keywords: 1191, senate, all