Transcript Highlights:

• funds and requiring capital funds and requiring capital recordkeeping<00:31:17.200> and<00
• capital markets. capital markets.
• America the crypto capital of the world. America the crypto capital of the world.
• capital and agricultural communities. capital and agricultural communities.
• subcommittee on capital markets. subcommittee on capital markets.

Keywords: U.S. House of Representatives Floor Proceedings on Thursday, July 17, 2025, 1012, house, all

Transcript Highlights:

• The Senate was using capital commission money.
• They used other capital commission money elsewhere in the budget.
• We went back to $73 million on the capital commission.
• They had $118 million out of capital commission.
• They had $118 million out of capital commission. They're 73 in this CCR.

Keywords: 959, house, all

Summary: The House convened with prayer, the Pledge of Allegiance, approval of the previous day’s journal, and a series of special guest introductions recognizing family members, interns, students, public servants, and community advocates. Committee reports and Senate messages followed, including Senate refusals to concur on a large number of amendments to Senate Bill 1421 and the appointment of a conference committee on House Bill 2818. The main floor action centered on the state budget, especially House Bill 2 (public education). The budget chair explained the conference report’s funding mix for K-12 schools, including $8.4 billion for public education, changes to the foundation formula, use of blind pension funds, and possible ARPA dollars later in the process. Members debated whether the report underfunded schools by $45 million or more, with opponents arguing the state was not fully funding the formula and supporters saying total school funding remained at record levels and that the issue was the source of funds rather than the total amount. A substitute motion to send HB 2 back to conference failed 62-89, and the conference report was then adopted 83-68; the bill was third read and passed 83-68. The House then took up House Bill 2003 on higher education, where the conference report largely restored the governor’s recommendation and directed the department to develop a new funding formula by the end of the year. Members discussed performance-based funding, scholarships, apprenticeships, and the need for a slower transition to any new model. The conference report passed 119-28, and the bill was third read and passed 109-32. House Bill 2004, covering Revenue and Transportation, included about $20 million for rural roads and other transportation funding; members discussed constitutional concerns, MoDOT projects, and a small local safety fix. The conference report passed 128-21, and the bill was third read and passed 127-27.

Transcript Highlights:

• includes one-time cost reductions of $7.4 million in economic stabilization funds and $390,000 in capital
• And of this amount, 80 million would be in capital expenditures for. property acquisitions surrounding
• And limitations to the GLO's capital authority were enacted in 2020, and your request restoration of
• authority and what it would be was if we have a capital authority item like this we just don't have
• From the department, non-law enforcement capital transportation vehicles on page four.

Keywords: 1184, house, all

Transcript Highlights:

• The price per unit when you talk about land and homes is so big in this work that the cost of capital
• The price per unit when you talk about land and homes is so big in this work that the cost of capital
• The price per unit when you talk about land and homes is so big in this work that the cost of capital
• The price per unit when you talk about land and homes is so big in this work that the cost of capital
• The price per unit when you talk about land and homes is so big in this work that the cost of capital

Keywords: 910, house, all

Summary: The House Committee on Housing held a public hearing on a series of housing bills. HB 1432 and HB 1428 drew support from HHFDC, and HB 1428 also received testimony from Hawaiian Community Assets, which said housing counseling funding is needed to meet demand for financial education tied to affordable housing, and that such counseling can help reduce evictions, prevent foreclosure, and stabilize households. HB 833 on community land trusts received broad support from HHFDC, county housing officials, community land trust representatives, and a local developer; testimony emphasized keeping housing affordable in perpetuity, but also asked for clearer access to financing, longer repayment terms, and inclusion of additional land trusts in the bill. Peter Savio argued that community land trusts are the best way to control demand and keep housing tied to local incomes. The committee also heard HB 19 on the Dwelling Unit Revolving Fund, which HHFDC said should be made permanent because the pilot has been successful, with 81 units in the program and $7.4 million of the $10 million allocation already committed. HHFDC said the fund helps stalled for-sale projects by providing state equity that revolved back when homes are sold. HB 529 and HB 432 were also heard; HB 432 would create a subaccount in the rental housing revolving fund for projects above 60% AMI, and HHFDC said this would help finance housing for households at 65% and 80% AMI. The bill drew support from several housing, business, and industry groups. Several other housing measures were discussed with mixed testimony. HB 419 had HHFDC support, Limby Hawaiʻi opposition, and support from the Grassroot Institute and others; members asked about whether councils approve these projects in one or multiple readings. HB 527 and HB 416 also drew a mix of support and opposition, with questions focused on county approval timelines and whether state-financed projects would still go through normal local review. HB 417 on the rental housing revolving fund prompted questions about how it differs from the Dwelling Unit Revolving Fund and whether it should be more flexible for mixed rental and for-sale projects. HB 418’s proposed working group was noted as potentially unnecessary because HHFDC said a public working group was already being formed. HB 1411 on housing preference raised questions about what happens if a recipient changes jobs, and HB 374 drew an Attorney General’s Office recommendation to remove a duration requirement to avoid possible constitutional travel issues. HB 373 and HB 1492 were also heard, with strong testimony from Peter Savio in favor of a broader trust-based model for affordable housing. No votes or final actions were taken during the hearing.

Transcript Highlights:

• program to continuously renew Capital program to continuously renew our<00:07:00.479> and<00:
• capital.
• capital.
• gain of units receiving state capital gain of units receiving state capital<01:00:58.400> alternatively
• alternatively other ways for the capital alternatively other ways for the state<01:01:00.119> to<

Keywords: 912, senate, all

Summary: The joint hearing focused primarily on Senate Bill 1409, which would cap county user fees charged to Department of Hawaiian Home Lands beneficiaries. Department of Hawaiian Home Lands supported the measure, arguing it would reduce monthly housing-related costs for lower-income beneficiaries and help make homesteading more affordable. Several testifiers, including the Tax Foundation of Hawaii and some individuals, also submitted comments or support. County and city water and sewer agencies, including the County of Kauai Department of Water, the City and County of Honolulu Department of Facility Maintenance, the Honolulu Board of Water Supply, and the City and County Department of Environmental Services, strongly opposed the bill, saying it would shift substantial costs to other ratepayers, create lost revenue, and could force fee increases for everyone else. They also raised concerns about the bill’s cap structure and potential misuse, while noting their systems are funded by user fees rather than taxes. During committee discussion, Honolulu Board of Water Supply officials estimated about 4,500 DHHL customers on Oʻahu and projected lost revenue of roughly $30 million to $36 million over five years, with larger cumulative impacts over time; they said any waiver would be absorbed by other customers. The County of Hawaiʻi representative estimated nearly 2,000 DHHL customers on the Big Island and about $2.4 million in annual lost revenue. DHHL responded that it is pursuing revenue-generating projects on unused lands, but members questioned whether the department should do more to generate its own revenue and suggested looking at other affordability mechanisms, including market rent on commercial properties or a similar cap on other beneficiary fees. After hearing the testimony and discussion, the committee chair announced the recommendation to defer SB 1409 indefinitely, and the Committee on Energy and Intergovernmental Affairs agreed with that decision. The hearing then moved to Senate Bill 1408, a housekeeping measure. DHHL testified in support, saying the bill was part of an effort to lower housing costs through a modular manufacturing approach. DHHL described plans to use an unused hangar at Kalaeloa for a potential modular housing manufacturing plant, including discussions with the University of Hawaiʻi and a Denver-based company, and said it was also exploring a pilot project with Habitat for Humanity on Maui. No vote or final action on SB 1408 was taken in the portion of the transcript provided.

Transcript Highlights:

• But we control those capital... ...and waterways back in order.
• But we control those capital spending by the so-called CIP, or the plans that we put together for capital
• We in this budget make a payment of $150 million from excess capital gains as per schedule to address
• This budget further capitalizes the State Disaster Relief and Resiliency Fund that...
• This budget further capitalizes the State Disaster Relief and Resiliency Fund that the Senate helped

Keywords: 995, all

Summary: The Senate opened with the Pledge of Allegiance, adopted two commendatory resolutions honoring the Plimpton Historical Society’s Deborah Sampson Day recognition and Megan’s Light’s Cystic Fibrosis Awareness Month observance, and suspended Joint Rule 12 to refer several House petitions to committee. The chamber also briefly recognized Diane Talk of the South Shore Regional Emergency Communication Center on her retirement after 30 years of dispatch service. Later, the Senate passed two local bills to enactment: House No. 4006, authorizing Dartmouth to grant an additional all-alcoholic beverages license, and House No. 473, relating to the charter of Westwood. The main business was the Senate Ways and Means presentation of the fiscal year 2027 budget, totaling about $63.3 billion. The chair described the budget as balanced, with no new taxes or tax cuts, based on a consensus revenue estimate of $986 million in growth over FY26 (2.4%), and including about $15.8 billion in federal financial participation and roughly $2.7 billion from the Fair Share surtax. The budget emphasized record local aid, including $1.376 billion in unrestricted general government aid, $7.66 billion for Chapter 70 education aid, increased minimum school aid, higher regional school transportation reimbursement, rural aid, and the revival of the Foundation Budget Review Commission. It also highlighted major investments in MassEducate free community college, food security, housing, and support for vulnerable residents. Members then engaged in extended colloquy on the budget’s major cost drivers and policy choices. Questions focused on debt service, pension and OPEB liabilities, MassHealth caseload and rising per-enrollee costs, child care funding, and program integrity in DTA and other benefit programs. The chair said debt service would be about $2.67 billion, pension payments would be $5.1 billion, OPEB would receive a $150 million payment, and MassHealth enrollment was projected at about 2 million with costs driven by acuity and medical inflation. He also said the budget includes no collective bargaining agreements and no state tax changes. Senators supporting the budget praised its investments in education, local aid, homelessness prevention, public health, libraries, and housing, while minority leaders and others stressed the need for fiscal discipline, transparency, and further work on affordability and municipal support. The Senate also received a House message on House No. 5316, which the House had nonconcurred in, and a conference committee was appointed on the disagreement.

Transcript Highlights:

• Engrossed House Bill 5022, relating to expanding the programs to be included in the annual capitation
• The Secretary of Tourism is to submit a list of proposed capital improvements to the Governor on or before
• The Governor may certify to the authority a revised list of capital improvements for the State Culture
• improvements to the paid to, a list of capital improvements to the paid for by the funds received from
• The governor may certify to the authority a revised list of capital improvements for the state culture

Keywords: 994, senate, all

Transcript Highlights:

• our 2029 Shoreline Master Program update, because of course these things all relate to each other, capital
• extensions, inflation risk, and the opportunity cost, which is a big one because it locks up their capital
• cities, counties, and school districts work really hard and work really well together in terms of capital
• So when a county or city is updating its comprehensive plan, it incorporates the school district capital
• So when a county or city is updating its comprehensive plan, it incorporates the school district capital

Summary: The committee heard a series of presentations on comprehensive plan updates, permitting reform, special purpose district coordination, and subdivision reform. Pierce County and the City of Redmond described their recent comprehensive plan updates, emphasizing housing production, transit-oriented development, middle housing, preservation of affordable housing, and the need for technical assistance and clearer state guidance. Both jurisdictions said the planning process took years and was complicated by overlapping state requirements, changing legislative mandates, and multiple review authorities. Redmond in particular said mid-course legislative changes forced supplemental environmental review and added significant cost and delay, and both local governments asked for more stability, clearer statutes, and better-aligned timelines. Presenters from the architecture, building official, and development sectors focused on permitting delays and proposed ways to speed housing delivery. Dave Boucher of AIA Washington argued for a provisional construction permit process for projects stamped by licensed professionals, along with mandatory deadlines and fewer stalled review cycles. Tim Woodard of WABO described existing tools such as pre-application meetings and phased approvals, noting they can improve certainty but also require staff time and careful coordination. Representatives from Master Builders and D.R. Horton said permit and subdivision delays add substantial cost to housing, citing studies showing months of delay and tens of thousands of dollars added per home, and urged administrative approvals, concurrent review, self-certification, and limits on repeated review cycles. The committee also reviewed a Commerce-led task force report on integrating special purpose districts into Growth Management Act planning. The task force recommended early invitation and notice to water, sewer, school, port, and other service providers during countywide planning policy and comprehensive plan updates, better coordination on grants and capital projects, updated water system coordination plans, and improved school siting and funding alignment in fast-growing areas. Speakers stressed that the recommendations were intended to be light-touch and focused on better communication rather than major statutory overhaul, while also noting that rural and slow-growing areas should not be burdened with the same requirements as rapidly growing jurisdictions. On subdivision reform, FutureWise and the City of Spokane discussed making more subdivision decisions administrative, preserving vesting, clarifying exemptions, and reducing unnecessary notice and appeal steps. Spokane described local reforms such as smaller minimum lot sizes, unit lot subdivisions, and reduced-process “minor engineering review” for simple plats, while raising concerns about new notice requirements and appeals to city councils for technical plat decisions. Across the hearing, members repeatedly returned to the theme that local governments, builders, and state agencies need clearer, more coordinated rules to reduce delay and uncertainty while still protecting safety and planning goals.

Transcript Highlights:

• Uh, I also work at Northstar Capital.
• on any plant equipment or capital on any plant equipment or capital improvement<02:11:37.760>
• It can incentivize utilities to goldplate, i.e., overinvest in capital projects, to undertake large capital-intensive
• traditional capital Under the traditional capital expenditure<02:47:06.880> cost<02:47:07.120
• <02:47:15.680> This other capital expenditures. This other capital expenditures.

Keywords: 1191, senate, all

Transcript Highlights:

• over what we saw before the pandemic would be $1 to $200 billion just in the cost of repairs from capital
• So if we just bring 30% of the capital expenditure that the California utilities, private utilities,
• over what we saw before the pandemic would be $1 to $200 billion just in the cost of repairs from capital
• So if we just bring 30% of the capital expenditure that the California utilities, private utilities,
• I was actually born in Guadalajara, which is the capital of the state of Jalisco.

Keywords: 988, house, all

Transcript Highlights:

• . >> How about uh capital security?
• >> How<00:04:39.919> about<00:04:40.320> uh<00:04:40.479> capital<00:04:40.960
• <00:04:41.840> Um,<00:04:42.240> would >> How about uh capital security?
• Um, would >> How about uh capital security?
• So you go to the question of capital security. Uh, there's a concern.

Keywords: 1187, senate, all

Transcript Highlights:

• Capital Architecture Board 6.29. Minnesota Management and Budget is on 3.31. Revenue 7.4.
• This appropriation funds the known costs of operations and maintenance around the capital area for entities
• These include capital grounds, legislative facilities, and space for veterans and service organizations
• Additionally, extending capital mall design framework funding will allow for the completion of the first
• phase that is currently underway on the capital complex.

Bills: HF2783

Keywords: state government finance, biennial budget, appropriations, Minnesota Management and Budget, Healthy Aging Subcabinet, Office of Healthy Aging, older adults, aging policy, long-term care, caregivers, public health, Medicaid fraud, medical assistance fraud, attorney general subpoena power, fraud enforcement, business filing fraud, Secretary of State, deceptive mailings, consumer protection, certified public accountant

Transcript Highlights:

• Uh, finally, agencies submit capital project requests.
• These are for projects that require authorization through the capital budget.
• In the chart for capital expenses, the spending is averaged over an 11-year period.
• That is because capital expenses period.
• that do not provide uh capital that do not provide uh capital construction<01:24:52.600> funding

Keywords: Meeting Start 00:00:00 Budget Process 00:02:28 Allotment Process 00:10:30 School Facilities Construction Commission 00:29:10 Role of KDE in School Facilities Funding 00:47:00 Kentucky School Boards Association 01:13:25 Elementary and Secondary School Construction 01:20:40 Perkins V Funding 01:35:32, 958, all

Transcript Highlights:

• Texas Water Capital Needs Survey is that utilities are facing rising operating costs, increasing capital
• And again, according to our 2024 Texas Water Capital Needs Survey, only 57% of systems reported that
• Most cities maintain multi-year capital improvement plans that identify and prioritize infrastructure
• Most cities maintain multi-year capital improvement plans that identify and prioritize infrastructure
• Using exclusively private capital.

Keywords: 1185, senate, all

Transcript Highlights:

• House Bill 111, State Funded Capital Construction, engrossed an act relating to state funded capital
• House Bill 111, State Funded Capital Construction, engrossed an act relating to state funded capital
• 111, state funded capital construction. 111, state funded capital construction.
• If like I said, capital construction.
• I have not followed state capital I have not followed state capital construction<00:23:17.679>

Keywords: 916, all

Transcript Highlights:

• We pay a capitated payment every month. Each member gets a payment.
• Through the capitation payments that we have set for that, we project out that addresses the higher capitation
• So, the MCOs are aware that there's capitation payments going up in calendar year 26.
• We set the new capitations every January.
• We made adjustments to the capitation payments all the way back in 2014. Thank you so much.

Keywords: 996, all

Transcript Highlights:

• As a result, Texas will attract billions in private capital investments and create tens of thousands
• This ensures Texans have the final say in how their capital is governed.
• Mississippi has a capital district for their capital. Um, it slowly grew.
• Um, the city of Deer Park is, is not the, the capital, capital seat. Um, it.
• The capital city should be representative of the, of the capital of Texas.

Bills: HB 14, HB 106, HB 146, HB 267, HB 274, HB 1127, HB 1359, HB 1393, HB 1584, HB 1640, HB 1710, HB 2152, HCR 101, HJR 8, HR 51

Keywords: nuclear energy, advanced reactors, energy security, grant programs, Texas Advanced Nuclear Energy Office, HB 106, oil and gas, Railroad Commission of Texas, overhead electrical lines, electrical distribution system, power line maintenance, administrative penalty, Natural Resources Code, oil and gas lease, well operator, energy safety, utility infrastructure, regulatory compliance, cleanup fund, oil and gas regulation and cleanup fund

Transcript Highlights:

• <00:48:01.200> infusion use that as kind of a capital infusion use that as kind of a capital
• So, it's not a capital request because we don't get capital. It's just fees.
• no I did not put it in a capital no I did not put it in a capital request.<00:52:11.200> Again
• <00:52:46.480> So, don't get capital. It's just fees. So, don't get capital.
• million um delay in the capitation million um delay in the capitation payments<01:31:42.800>

Keywords: 1191, senate, all

Transcript Highlights:

• credit rating they cannot access Capital credit rating they cannot access Capital at<01:20:47.600
• <01:21:45.000> and for capital capital to be accessed and for capital capital to be accessed
• I just want to clarify that capital gains are a tax on capital goods that have been held for more than
• I just want to clarify that capital gains are a tax on capital goods that have been held for more than
• gains are a tax to clarify that capital gains are a tax on on on um<03:19:50.720> capital<03:

Keywords: 910, house, all

Transcript Highlights:

• A, capital B, capital C.
• <00:31:54.080> A,<00:31:54.399> capital<00:31:54.720> B,<00:31:55.039> capital
• <00:31:56.320> You capital A, capital B, capital C. You capital A, capital B, capital C.
• some really big upfront um capital some really big upfront um capital costs.<02:43:36.080> So
• <03:13:44.560> um our capital city enjoys right now. um our capital city enjoys right now.

Keywords: 916, all