Video & Transcript Research : 'financing'
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CA
California 2025-2026 Regular Session
Assembly Appropriations Committee Jan 22nd, 2026
Transcript Highlights:
- Department of Finance. Hi, good morning, Madam Chair and members.
- Christian Belanchion with the Department of Finance. I was asked to come today just to...
- Chair and members, Christian Belanchion with the Department of Finance.
- as many of you know, in addition to the great work that you and your staff do, the Department of Finance
Summary:
The Assembly Appropriations Committee met on January 22, 2026, for its regular order hearing and suspense-file hearing. In regular order, the committee approved consent-calendar bills AB 683, AB 763, AB 1126, and AB 1278 on unanimous due-pass motions, and AB 34 and AB 442 on a second unanimous due-pass motion. The committee then heard and advanced several bills, including AB 35, which would create an APA exemption for Proposition 4-funded programs to speed implementation of water, wildfire, energy-storage, and grid-support projects; AB 748, establishing pre-approved housing programs for local agencies; AB 939, allowing immediate transfer of certain affordable homeownership units to qualified nonprofit housing organizations; AB 643, adding a narrow organic-waste-derived agricultural fertilizer product to SB 1383 procurement options; and AB 96, removing the high school diploma requirement for certified Medi-Cal peer support specialists. Testimony on these bills was largely supportive, with sponsors and coalition representatives emphasizing reduced delays, lower costs, and improved housing, environmental, or behavioral-health outcomes. The Department of Finance offered general budget comments but no bill-specific positions. The committee voted the bills out, with AB 643 and AB 96 receiving no recorded opposition in the transcript and AB 939 passing with some members noting support and interest in coauthoring.
The committee also received a presentation-only discussion of AB 1091, a proposal to authorize eight-letter specialty license plates, which the author said could generate revenue for rural programs such as the Williamson Act; the bill was not acted on at that time. After public comment, the committee moved to the suspense-file hearing on 53 bills. Using a substituted motion for due-pass and due-pass-with-amendments items, the committee held some bills and advanced many others, often with amendments that narrowed scope, deleted provisions, or required reports or studies. Bills held in committee included AB 405, AB 298, AB 333, AB 296, AB 1091, AB 1241, and AB 577, among others. The committee reported moving 43 bills to the Assembly floor, with several on A roll calls and others on B roll calls or with amendments, and noted that amendment language would be posted later online.
TX
Transcript Highlights:
- All right, the Senate Committee on Finance. We will call the roll later.
- Judge Villarreal. and Senate Finance Committee members.
- It will really make us the capital, I believe, of finance and capital market. markets in this country
- of certainty in place—a level of comfort that Texas is the place to do business when it comes to finance
Keywords:
hydraulic fracturing, sales tax exemption, oil and gas, environmental impact, water reuse, justice, judicial council, centers of excellence, court operations, recognition program, franchise tax, retail trade, tax classification, business regulation, economic impact, SB 2873, Texas Tax Code, electronic filing, e-filing, tax reports
KY
Kentucky 2026 Regular Session
Information Technology Oversight Committee (6-10-26)
Transcript Highlights:
- . >> Barbie Dickens, General Counsel of the Finance and Administration Cabinet. >> Very good.
- >> I am general counsel to the Finance and Administration Cabinet.
- >> I am general counsel to the Finance and Administration Cabinet.
- >> I I am general counsel to the Finance >> I I am general counsel to the Finance and
- Entering into financing can be.
Keywords:
Meeting Start 00:00:00
KCNA Request for Proposal Process 00:00:01
Overview of KWIC Board and Funding of Kentucky Wired Network Refresh 00:18:10
Zayo Network Services 00:34:40
Discussion of Broadband Equity Access and Deployment (BEAD) Funding 00:57:32, 958, all
Summary:
The committee first focused on a disputed KCNA procurement for a statewide network-related RFP. Members questioned why the RFP had been labeled non-technical, whether COT should have reviewed it, and whether the KCNA board could direct that it be withdrawn. Finance and Administration Cabinet counsel Barbie Dickens said the RFP was authorized by KCNA working with procurement services after termination of the prior contract and breach notices, was issued in November 2025, paused during a protest, later resumed, and remained an open procurement. She said the agency—not the board—directs the procurement process, though she acknowledged an agency and OPS could cancel or reissue an RFP if needed. Legislators pushed back, citing KRS 154 and House Bill 314 as evidence that the KCNA board controls contracts and operations, and one member said the board had requested the RFP be withdrawn. Dickens said she could not predict the outcome and was not KCNA’s counsel. The discussion also touched on whether the current director had asked to stop the RFP and whether that request had been denied, with no final action taken during the exchange.
The committee then turned to Kentucky Wired Infrastructure Corporation and the Kentucky Wired refresh project. Jim Barnhart described the structure of the nonprofit corporation, the role of Quick and Quack in the financing and operations arrangement, and the board membership, noting that the refresh funding had been approved in the 2024-26 capital budget. He said the equipment upgrade is necessary because of end-of-life hardware and software support issues, and that the refresh would expand capacity, lower risk, and reduce operating costs. Barnhart said some equipment had already been received, the rest would be purchased later, and the project should begin before September and take about a year to complete. When asked about contract disputes involving Ledcor and whether the vendor had an ongoing contract, Barnhart and the authority representative said they had not been notified of any issues and were not directly involved in that contract dispute.
Committee members also raised concerns about a prior market test and whether a lower-cost bidder had been blocked from a previous RFP process. Barnhart said he understood Quack could make that decision and that the Commonwealth did not have input so long as the network was maintained, but he was not involved at the time. A legislator then read from the KCNA statute and argued that the board, not agency staff, is supposed to direct KCNA contracts and operations, saying House Bill 314 did not change those duties. The chair agreed the committee’s intent was for the board to control KCNA and direct contracts, and the discussion ended with a transition away from the KCNA dispute toward future testimony, including a presentation from Zayo Networks on open access networks and broadband infrastructure.
MN
Transcript Highlights:
- Second reading of Senate Finance Erik Sandoval number 34 to.
- But there are things that we can and should be doing, serving on public safety and education finance.
- The Democrats would not pass a school safety bill out of our Education Finance Committee.
- Finance be given a second reading and be placed on the General Register.
- I happened to sit on Education Policy, Education Finance.
HI
Transcript Highlights:
- And right now, there's a concern about the financing, about the planning, about the accountability.
- , about the planning, about the financing, about the planning, about the accountability.<00:52:39.040
- else such as alternative financing else such as alternative financing mechanisms,<00:59:06.920><
- I think one of the initiatives I've been working on for a long time is tax increment financing, which
- is an alternative financing mechanism for infrastructure.
Summary:
The committee heard multiple governor’s messages for confirmation to the Agribusiness Development Corporation board and one appointment to the Aloha Stadium Authority. For GM 606, David Ige Hinazumi was supported by ADC and DBEDT, with testimony highlighting his private-sector experience, technology background, and ability to help with risk management and finances. He told senators he had attended board meetings since 2018, saw ADC as a state business arm for agriculture, and supported expanding land, facilities, and even aquaculture if resources allowed. Senators asked about ADC’s role relative to the Department of Agriculture, and he said the department’s strength is research/regulatory work while ADC should focus on business development, support, and facilities for farmers and aquaculture businesses.
For GM 607, Jason Watts was strongly supported by ADC leadership, DBEDT, and many agricultural and community groups, with one opposing testimony from Hawaii Farm Bureau. Supporters praised his governance, accountability, transparency, and frequent communication with the agency. In questioning, Watts said ADC’s top priority should be increasing land holdings, and he discussed ADC’s role in water systems, including preserving agricultural water sources and inventorying systems statewide. He also said ADC could potentially help small farmers comply with environmental permitting through a broader, regional approach if authorized by the Legislature. The committee also heard from Joshua Uyehara for GM 682, who was supported by ADC, county officials, and farm groups. He said his priorities would be accelerating ADC projects, expanding capacity, and possibly using ADC as a center of expertise for water systems and for helping farmers with environmental requirements; he also said biofuel crops and food production can be complementary, though food should be prioritized when water is constrained.
The committee then considered GM 513, Tracy Lester Smith’s appointment to the Aloha Stadium Authority. The stadium authority and DBEDT supported her, citing her experience in NASCAR, boxing, and Bellator MMA as useful for marketing, attracting events, and commercializing the stadium. Smith said she was eager to serve and would bring experience from both the landlord and tenant perspectives, helping the board think about venue operations, sponsorships, and event attraction. Senators asked about improving public perception and execution, and she emphasized accountability, timelines, and building a venue that can draw major sports and entertainment events. No votes or final actions were taken in the portion of the hearing provided.
HI
Transcript Highlights:
- I have over 20 years of different finance and accounting experience.
- Uh, currently I've been lucky to uh be on the performance management and finance committee.
- I have over 20 years of different finance and accounting experience.
- <00:48:00.960>
and over 20 years of different finance and over 20 years of different finance - <00:48:07.119>
I management and finance committee. I management and finance committee.
Summary:
The Senate Committee on Labor and Technology met on February 25, 2026, to consider gubernatorial nominees to the Hawaii Workforce Development Council under GM 630, GM 628, and GM 631. The chair explained hearing procedures, noted backup reconvening plans in case of technical failure, and said decision-making would occur after testimony if time permitted. Testimony on all three nominees was overwhelmingly supportive, including from Department of Labor and Industrial Relations officials, Workforce Development Council representatives, and various outside supporters.
For GM 630, Carrie Miro described decades of work on career pathways and emphasized applied learning, internships, and stronger links between education and employers. Senators questioned how to restore hands-on trade and career education and how to connect students to real workforce opportunities; Miro said businesses should help shape training and that students need both credit and employment incentives. For GM 628, Rona Fukumoto said her experience leading Lanakila Pacific and working in homeless services would help the council better understand the needs of people with disabilities, older adults, and other vulnerable populations, and she stressed educating employers and the public. She also said youth programs, apprenticeships, and early intervention for “opportunity youth” are important, and noted that college-based programs like those at HCC can still provide effective hands-on pathways.
For GM 631, Keith Dlo, who is seeking reappointment, said the Workforce Development Council should help create a future in Hawaii for younger generations by aligning schools, agencies, employers, and communities. He said his work on American Job Centers and the council’s convening power show it is an active body, not just a reporting mechanism. Senators pressed him on how to measure success beyond federal compliance, and Dlo said the council needs Hawaii-specific metrics focused on participation, completion, job placement, and retention of young residents, while also adapting to changes like AI. No votes or final confirmations were taken during the portion of the hearing provided.
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Jan 22nd, 2026 at 02:01 pm
House Appropriations & Finance
Transcript Highlights:
- I'm with the Legislative Finance Committee and with the Department of Health.
- We spoke to the chair of Senate Finance. He said he would help us. So we're doing that.
- I'm Ruby Ann Iskebel with the Legislative Finance Committee.
- LFC recommended the language through the Board of Finance to allow TRD to pull up to $3 million.
- I work with the Legislative Finance Committee. As the chairman said, we are now moving on to PRC.
Bills:
HB1
Keywords:
feed bill, legislative appropriations, legislative branch, New Mexico Legislature, general fund, legislative council service, legislative finance committee, legislative education study committee, house chief clerk, senate chief clerk, per diem, mileage, session expenses, interim committees, district staff, capitol complex, capital outlay data system, legislative processing system, redistricting, census redistricting
MN
Transcript Highlights:
- Thank you for attending this, our Legacy Finance Committee, for today.
- members of the Legacy Finance Committee. members of the Legacy Finance Committee.
- We view this as the Legacy Finance Bill.
- And um to the members of the legacy and finance committee.
- And um to the members of the legacy and finance committee.
Bills:
HF2563
Keywords:
HF2563, legacy finance bill, Legacy Amendment, outdoor heritage fund, clean water fund, parks and trails fund, arts and cultural heritage fund, Lessard-Sams Outdoor Heritage Council, Clean Water Council, Minnesota legacy funds, habitat conservation, prairie restoration, wetland restoration, forest conservation, riparian buffers, water quality, groundwater protection, drinking water, septic systems, watershed planning
MN
Minnesota 2025-2026 Regular Session
Committee on State and Local Government - 03/19/26
State and Local Government
Transcript Highlights:
- I was on Ed Finance when we heard the bill, which I totally agree with and I think is wonderful.
- Senate File 3593 to send it to finance instead of rules.
- Senate File 3593 is recommended to pass and referred to finance.
- to finance. to finance.
- . finance. finance.
HI
Hawaii 2025 Regular Session
EEP Public Hearing - Tue Feb 4, 2025 @ 9:00 AM HST
Energy & Environmental Protection
Transcript Highlights:
- I just want to say that we need to finance this stuff now or we're going to pay later.
- <00:21:09.080>
this want to say that we need to finance this want to say that we need to finance - Deina Aami, Hawaiʻi Housing Finance and Development Corporation.
- How are you planning to finance the implementation of the wildfire mitigation plan?
- <01:49:41.760>
the are you planning to finance the are you planning to finance the implementation
Summary:
The committee heard testimony on House Bill 1077, a governor’s administration bill to increase transient accommodations tax revenue and split it between two new special funds: a climate mitigation and resiliency special fund and an economic development and revitalization special fund for tourism/resort areas. Supporters, including the Governor’s Office, recovery and resilience staff, climate and conservation groups, and several state agencies, said the bill would create a dedicated, more reliable funding stream for wildfire mitigation, coastal resilience, land clearing, infrastructure, and community-led projects. Some supporters also urged changes to the bill, including moving the fund to DLNR, adding DHHL and OHA representation, clarifying community grants, and ensuring the fund can support both state-led and community-led resilience work.
The Attorney General’s office flagged a drafting issue, noting that the bill references fees deposited into the new fund even though the new chapter does not authorize fee collection, and recommended deleting that language or adding fee authority. The Climate Advisory Team representative also suggested adding DHHL to the decision-making body and requiring at-large members to have climate, resilience, conservation, or infrastructure expertise. The Tax Foundation of Hawaii and the Kohala Coast Resort Association opposed the measure, arguing that the special fund structure does not meet statutory criteria, that the bill functions as a tax increase, and that the transient accommodations tax is not being collected equitably across all lodging types before any increase is imposed.
Other opponents, including tourism and lodging interests, warned that hotels and timeshares already bear most of the tax burden and that raising the TAT could hurt an already struggling visitor industry and drive tourists away. Supporters countered that current funding is far short of what is needed and that a dedicated revenue stream is necessary to address climate impacts now. Committee members questioned why the Legislature should cede spending decisions to a separate executive-branch process, and the administration responded that the bill is intended to create a transparent, recurring mechanism for funding priorities that can be adjusted over time. No vote or final action was taken in the portion of the hearing provided.
HI
Hawaii 2026 Regular Session
EDN Info Briefing - Fri Jan 9, 2026 @ 2:00 PM HST
Hawaii House Floor Meeting
Transcript Highlights:
- Uh, I'm here with Deputy Director PJ4, our finance and administration director, Don Sales, Jr., and our
- When we're looking at finances, we actually determined the commission determined that risk is a more
- appropriate measurement for finances and for fiscal matters.
- 23:10.640>
we <00:23:10.960>actually looking at finances, uh we actually looking at finances - <02:05:03.520>
to had to work with budget and finance to had to work with budget and finance
NY
New York 2025-2026 Regular Session
Senate Standing Committee on Housing, Construction, and Community Development - 05/04/2026
Housing, Construction, and Community Development
Transcript Highlights:
- let's read the first bill: Senate Bill 6263 by Senator Griffo, an act to amend the private housing finance
- This is a bill with a lengthy title that we previously reported to Finance in 2024 and 2025 when it was
- So this is a bill with a lengthy title that we previously reported to Finance in 2024 and 2025 when it
Summary:
The New York State Senate Committee on Housing, Construction, and Community Development met on May 4 under Chair Brian Kavanagh and considered an eight-bill agenda, much of it consisting of measures previously sponsored by former Senator Brad Hoylman-Sigal and now carried by other senators. Kavanagh noted the committee was in the first full week of May, with 32 days left in session and ongoing budget negotiations that include housing issues. The committee moved through the agenda without substantive debate on most bills.
The committee reported several bills to the floor, including S.6263 (requiring certain out-of-state affordable housing owners to maintain escrow accounts for New York affordable units), S.8956 (transferring the Potsdam Housing Authority to the Canton Housing Authority), S.9571 (allowing multiple transfers of low-income housing tax credits), S.9677 (the City of Buffalo Historic Preservation Receivership Act), S.9716 (expanding the definition of family members in public housing law), S.9907 (marshals’ filing requirements for eviction notices), S.9908 (calculating rent reductions from the date services were actually diminished), and S.9914 (requiring replacement units to retain the same protected status after demolition or major renovation). Several of these bills had previously passed the Senate in earlier sessions.
Most measures were advanced by motion and second, with some recorded negative votes or votes to advance without recommendation from minority members, but no bill was defeated. The transcript includes some repetition of bill readings, but the final action on each listed bill was reporting it out of committee, generally to the floor and, for S.9914, to Cities 1.
NY
Transcript Highlights:
- The bill is passed and is reported to the Finance Committee.
- income verification process for the senior citizen tax exemption, filing the Department of Tax and Finance
- assessor, who often does not have the same level of access to information as the Department of Tax and Finance
Summary:
The Senate Aging Committee met on March 10, 2026, with a quorum present and considered 10 bills focused on services and supports for older New Yorkers. The agenda included measures on dementia information access through New York Connects (S.118A), expanded informal caregiver training (S.903), elder abuse prevention training (S.3180), creation of an Office of Older Adult Workforce Development (S.3750), state handling of income verification for the senior citizen tax exemption (S.4805), a filing extension for the enhanced STAR exemption (S.5069), language access services for senior and disability-related tax abatement programs (S.5280), and sustainability planning for senior centers (S.7160). Committee members and sponsors described these bills as recurring priorities that had passed in prior years, with several aimed at improving access, administration, and outreach.
The committee also advanced S.9091, which would establish a state master plan on aging dashboard to improve transparency, accountability, and public tracking of implementation; supporters cited backing from the Statewide Senior Action Council and Livable New York. The final bill, S.9165, would require the Office for the Aging to issue an annual report on budget expenditures for the senior population, with the sponsor saying it would help identify whether resources are adequately reaching older adults across agencies. Several bills were noted as having previously passed the committee and/or floor, and one was described as having been vetoed in prior years despite agreement on the policy goal.
All 10 bills were approved by the committee, with most reported to the floor and S.3750 reported to the Finance Committee. No opposition or substantive amendments were recorded during the meeting.
NY
New York 2025-2026 Regular Session
Senate Standing Committee on Investigations and Government Operations - 02/10/2026
Investigations And Government Operations
Transcript Highlights:
- And I'll also acknowledge the central staff members who are here from IGO and finance.
- And I'll also acknowledge the central staff members who are here from IGO and finance.
- The bill is referred to finance. Next, S.1787. Sponsor: Senator Hinchey.
Summary:
The committee met with a light attendance and acknowledged committee members, clerk Joyce Andrea, and central staff from IGO and finance. The chair noted an 18-bill agenda, with 17 repasses and one new bill, S.8555, described as a local tax extender for Suffolk County that had been overlooked the prior year. Once three members were present, the committee proceeded with normal motions and seconds.
The agenda included a range of measures on alcohol and cannabis regulation, public officers law, executive law, tax law, state law, and highway naming. Bills reported included S.315 on a temporary New York craft beverage permit, S.349 on expanding the definition of agency, S.566 on Address Confidentiality Program eligibility for election officials, S.1130 on renter protections tied to housing subsidies or public assistance, S.1787 on a veteran suicide awareness flag, S.2640 on including veterans in the definition of military status for discrimination purposes, and several cannabis-related bills including S.3261, S.5277, S.6181, and S.6283. S.1418A, concerning attorney’s fees in certain proceedings, was referred to finance.
Most bills were reported unanimously, though several had one nay or one without recommendation, including S.2271, S.234, S.2447, S.3261, S.5277, S.6181, and S.8555. The committee also reported S.2364 designating the Honor and Remember flag as an official state flag, S.55 renaming a highway in New York City, and S.8276 regarding qualifications for an assistant county attorney in Rockland County. The chair closed by thanking members and staff and noting the committee would meet again in a few weeks.
NM
New Mexico 2026 Regular Session
IC - Legislative Council Jan 19th, 2026 at 01:39 pm
Legislative Council
Transcript Highlights:
- legislative council service To pay mileage and per diem to members of the House Appropriations and Finance
- Committee and the Senate Finance Committee for their attendance at meetings of those standing committees
- Is there a motion to approve the per diem and mileage for the two finance committees?
AR
Arkansas 2026 1st Special Session
ALC-STATE INSURANCE PROGRAMS OVERSIGHT SUBCOMMITTEE Jan 14th, 2026
ALC-STATE INSURANCE PROGRAMS OVERSIGHT SUBCOMMITTEE
Transcript Highlights:
- Once we have a winner selected, it will go to the State Board of Finance, and then it will come to this
- this may be an RFQ, it still has to be approved by this subcommittee, full ALC, the State Board of Finance
- know for a fact that we've got a very active state agency that does a lot of things in the area of finance
Summary:
The State Insurance Programs Oversight Subcommittee of the Arkansas Legislative Council met to consider a request from the Office of Property Risk to use a request for qualifications (RFQ) process to procure auditing services for the state captive insurance program. Grant Wallace, Director of the Employee Benefits Division and Office of Property Risk, explained that the captive insurance statute requires an independent audit and that an RFQ was appropriate because of the program’s specialized nature and the need for auditors familiar with FASB standards and insurance-company audits.
Members asked about the requirement to include a projected cost in the request, how the market research was conducted, and whether Arkansas firms could receive preference. Wallace said the cost estimate is required for approval, that the market research was nationwide, and that the solicitation could be written to give some preference or advantage to local firms if desired. Members emphasized that professional auditing standards still require qualified auditors and noted that the process should not ignore cost.
Senator Hickey confirmed the contract would cover a four-year term and that the projected amount was for the full term, not annually. Wallace also clarified that the RFQ process was only the first step; any selected firm would still need approval from the State Board of Finance, the subcommittee, and the full Arkansas Legislative Council before the contract could be finalized. The subcommittee then approved the request by motion, and the meeting adjourned.
AR
Arkansas 2026 Regular Session
ALC-STATE INSURANCE PROGRAMS OVERSIGHT SUBCOMMITTEE Jan 14th, 2026
ALC-STATE INSURANCE PROGRAMS OVERSIGHT SUBCOMMITTEE
Transcript Highlights:
- Once we have a winner selected, it will go to the State Board of Finance, and then it will come to this
- this may be an RFQ, it still has to be approved by this subcommittee, full ALC, the State Board of Finance
- know for a fact that we've got a very active state agency that does a lot of things in the area of finance
Summary:
The State Insurance Programs Oversight Subcommittee of the Arkansas Legislative Council met to consider one item: a request from the Office of Property Risk to use a request for qualifications (RFQ) process to procure auditing services for the state captive insurance program. Grant Wallace, Director of the Employee Benefits Division and Office of Property Risk, explained that the captive insurance statute requires an independent audit and that an RFQ was appropriate because of the program’s unusual nature and the need for auditors familiar with FASB standards and insurance-company auditing.
Members asked about the requirement to include a projected cost, the basis for the market research used to estimate the contract value, and whether Arkansas firms could receive preference. Wallace said an amount must be included in the procurement request, that the market research was nationwide, and that the solicitation could be written to give local firms some advantage if desired. Members also clarified that the proposed contract would cover four years and that the total projected cost was for the full term, not annually.
The committee discussed that the RFQ process would still require later approvals from the State Board of Finance, the subcommittee, and the full Arkansas Legislative Council before any contract could be finalized. After discussion, a motion was made and approved by voice vote, and the meeting adjourned.
ND
North Dakota 2026 1st Special Session
Water Topics Overview Committee Jun 10th, 2026
Water Topics Overview Committee
Transcript Highlights:
- ...counties, townships, water resource districts, the Department of Environmental Quality, Public Finance
- So we did and executed a financing agreement with them.
- I'll start with regional governance and finance.
- So just as a reminder, what was in I'll start with regional governance and finance.
- Obviously, most of our discussion today is on budgeting, cost share, governance, and finance.
Summary:
The Water Topics Overview Committee met to review several interim studies and receive updates from the Department of Water Resources. The committee approved the March 26, 2026 minutes, observed a moment of silence for the late Representative Conmy, and welcomed Representative Hansen to the committee. Staff then reported that the watershed management study and the stormwater/wastewater study had both satisfied the presentation requirements in their study directives, with no further required testimony unless members wanted additional information.
The department’s main presentation focused on major water projects and agency operations. Reese Haas and staff updated members on the NAWS project, the Southwest Pipeline Project, Devils Lake outlet operations, low-head dam safety work, floodplain management repository implementation, data center water use, and the 2027 Water Development Plan. Members asked detailed questions about NAWS funding sources, remaining project costs, capacity concerns for All Seasons and other users, and whether current construction is being designed for future demand. The department said NAWS remains on track for substantial completion by October, that remaining NAWS funding will come from a mix of federal, state, and local sources, and that current construction is designed for ultimate capacity while some future components will be adjusted for increased demand.
A large portion of the meeting was devoted to the department’s cash management, Resources Trust Fund revenues, carryover balances, and the State Water Commission’s cost-share program. The department reported $340.6 million in carryover remaining, explained that much of it is already obligated to long-term projects, and noted that oil price forecasts and stripper-well exemptions will affect future revenues. Members raised concerns about large carryovers, affordability for local sponsors, and whether the state should continue obligating money multiple bienniums ahead. The department said it is working with the commission on a revised prioritization framework, including high/moderate/low project categories and a two-tier pre-construction/construction approach, to better manage obligations and affordability.
The committee also reviewed Deloitte’s finalized studies on regional governance/finance and cost-share policy. Deloitte presented options for Southwest, NAWS, and Red River governance, with stakeholders generally favoring keeping NAWS largely as is, using the current Southwest model with improvements, and pursuing a more structured governance option for Red River. On cost share, the department said Deloitte’s recommended package would cover projected needs through the 2030s, but would require policy changes such as lower percentages for some project types, a 25% replacement-project rate with a cap, and possible bonding or delayed reimbursement strategies. No votes were taken on these policy questions, and the chair indicated the committee would continue the discussion at future basin meetings and the September Water Topics meeting.
NH
Transcript Highlights:
- And that again, you know, if it comes down to finances for the state, that is something we'd be happy
- So whatever we can do to help get it to be something that's more amenable and fits into the finances
- And that again, you know, if it comes down to finances for the state, that is something we'd be happy
- So whatever we can do to help get it to be something that's more amenable and fits into the finances
- discussion at the most recent um finance discussion at the most recent um finance committee<01:15
HI
Hawaii 2025 Regular Session
House Chamber - Tue Apr 8, 2025, 9:00 AM HST - Day 47
Hawaii House Floor Meeting
Transcript Highlights:
- to allow a higher level finance to allow a higher level oversight<00:39:33.680>
and oversight - I just want to correct the record that the testimony from the Hawaii Housing and Finance Development
- <01:09:02.960>
and <01:09:03.279>Development Hawaii Housing Finance and Development - Hawaii Housing Finance and Development Corporation<01:09:05.359>
which <01:09:05.679>this< - from the um Hawaii Housing and Finance from the um Hawaii Housing and Finance um<01:09:50.159>