Transcript Highlights:

• And that loans that I just mentioned.
• Is that going to help you get bank loans? Will banks in New Hampshire readily give you guys loans?
• Will going to help you get bank loans?
• </c> guys loans? And I'm not aware of that. guys loans?
• In practice, this means we loans.

Committee: Senate Judiciary

Transcript Highlights:

• So having a little bit of extra support through a loan guarantee would go a long way in accessing private
• Like Senator Cortese mentioned, this isn't loan guarantees. These are... care.
• So having a little bit of extra support through a loan guarantee would go a long way in accessing private
• Like Senator Corsese mentioned, this isn't loan guarantees These are. Housing across the state.
• Like Senator Cortese mentioned, loan guarantees aren't really a new concept to the state, and they have

Committee: House Housing and Community Development

Summary: The committee heard several housing-related bills, with the longest discussion on SB 79, which would allow more housing near major transit stops and on transit agency land. The author and supporters argued it would address California’s housing shortage, support transit ridership, and reduce vehicle miles traveled, while opponents from cities, housing advocates, and legal aid groups raised concerns about affordability requirements, demolition and displacement protections, and local control. After extensive debate and amendments, the committee approved SB 79 on a roll call vote of 8-1, with one member not voting, and sent it to the Assembly Local Government Committee. The committee also heard SB 21, which would allow limited reductions in unit count when converting deed-restricted SRO buildings into larger, more livable affordable units with kitchens, bathrooms, and supportive services. Supporters said the bill would preserve aging nonprofit-owned SRO housing and prevent building failures like the Skid Row Housing Trust portfolio, while no opposition witnesses testified. The bill was moved on a unanimous 8-0 vote to Local Government. SB 92 was heard next and would close a density bonus loophole by limiting how much commercial floor area can be increased through the law. The author said the bill responds to a proposed Pacific Beach project that would have used a small number of affordable units to justify a very large hotel tower; the City of San Diego and labor groups supported the fix, and some housing groups withdrew opposition after amendments. The committee passed SB 92 on a 7-0 vote, with the roll left open. Later, the committee took up SB 522, which would extend just-cause eviction protections to rebuilt units that were previously covered by the Tenant Protection Act after a disaster. The author and Los Angeles City Attorney Heidi Feldstein Soto said the bill would preserve tenant protections in rebuilt communities like Pacific Palisades, while apartment, realtor, and property owner groups opposed it, arguing it would add burdens and discourage rebuilding. Members questioned whether the bill was necessary given existing Housing Crisis Act right-of-return protections, and the discussion was still ongoing when the transcript ended.

Transcript Highlights:

• for a total minimum guarantee of $124.9 billion.
• minimum guarantee of $124.9 billion.
• for a total minimum guarantee of $124.9 billion.
• guarantee level of $125.1 billion.
• total minimum guarantee of $127.1 billion.

Transcript Highlights:

• They loan the money. So it's all a straight loan program. Follow up. Thank you, Mr. President.
• It's a traditional loan situation.
• Otherwise, the loan can't be granted.
• into this program so that now agricultural loans and affordable housing loans would have to, somehow
• So it Doesn't sound like a housing loan competes with the charter school loan, as they're in completely

Bills: HB2268 , HB3000 , HB3043 , HB3066 , HB3078 , HB3143 , HB3144 , HB3244 , HB3298 , HB3320 , HB3467 , HB3321 , HB3329 , HB3431 , HB3464 , HB3499 , HB3500 , HB3586 , HB3590 , HB3650 , HB3671 , HB3695 , HB3700 , HB3701 , HB3764 , HB3767 , HB3834 , HB3931 , HB3934 , HB3940 , HB3944 , HB3979 , HB3985 , HB4113 , HB4294 , HB4302 , HB4317 , HB4324 , HB4359 , HB4426 , HB4427 , HB4430 , HB4431 , HB4434 , HJR1077 , SR42 , SR35 , HJR1023 , HB1225 , HB1374 , HB1381 , HB1590 , HB1675 , HB2153

Keywords: HB2268, Oklahoma Health Care Authority, OHCA, appropriation, General Revenue Fund, PACE, Programs of All-Inclusive Care for the Elderly, elderly care, aging Oklahomans, long-term care, Medicaid, health care funding, provider reimbursement, rate increase, low-income seniors, senior services, integrated care, emergency measure, cosmetology, barbering

Transcript Highlights:

• loans and to make loans for down payment assistance to homebuyers.
• </p> <p>It removes a requirement that loans and mortgage loans issued by the commission must go through
• In the bill before you, a revolving loan fund is created in the Department of Commerce to provide loans
• Loans are to be proportional to the estimated value of affordable homeownership units.
• Any loan that we would make would be secured against the value of the property, but there are no guarantees

Bills: SB6256 , SB6275 , SB5868 , SB5954

Committee: Senate Ways & Means

Keywords: tax exemptions, affordable housing, nonprofit, unoccupied property, housing policy, community reinvestment, economic development, local investment, financial assistance, SB 5868, superior court, judge, judgeship, judicial vacancy, court administration, Skagit County, Yakima County, RCW 2.08.061, Washington courts, county judges

Transcript Highlights:

• They require soft loans.
• They require soft loans.
• We don't have rehabilitation loans, right?
• So this is because HCD loans are structured as permanent financing, long-term loans, meaning the money
• So this is because HCD loans are structured as permanent financing, long-term loans, meaning the money

Transcript Highlights:

• This is a forgivable loan.
• And we have corporate guarantees, not subsidiary, but we have corporate guarantees from the parents of
• </c> pro uh provisions that are in this loan pro uh provisions that are in this loan agreement.<00:42
• :42:16.640><c> that</c> both entities on the loan amounts that both entities on the loan amounts that
• </c> Elements to address some of those loans Elements to address some of those loans that<01:02:26.079

Summary: The committee received an informational presentation from the Kentucky Department of Education and the School Facilities Construction Commission on school facilities funding. Staff explained the main funding sources used for school construction and renovation, including the mandatory “nickel” property tax levy, growth and equalized growth nickels, the equalized facility funding nickel, the Fort Knox/BRAC-related nickel for Hardin County, and the recallable nickel that districts can adopt locally. They also described the state equalization formula, noting that local construction costs have risen and that state support is formula-driven rather than a dollar-for-dollar match. The SFCC outlined how unmet facility need is calculated through district facility plans, which are developed locally with community, staff, and board input and then reviewed by KDE staff for consistency and reasonableness. The commission said it will update the statewide unmet need report this fall, adopt it in December, and provide the figure to the committee in January 2026. It reported that the statewide unmet facility need was about $7 billion in 2023, with about $951 million in local revenue available, and said its offers of assistance are paid as debt service over eight years. The commission also said the most recent legislative offer of assistance was its smallest since SFCC’s creation in 1985, and requested an additional $60 million for the next biennium. Members asked about how districts use nickel tax levies, who determines facility need, whether the process includes physical inspections, and how bonding capacity affects offers of assistance. Staff said nickel levies are generally adopted with regular tax rates, that facility need is locally developed but reviewed by KDE, and that KDE project managers and district-hired architects review plans on paper rather than through in-person inspections. They also explained that bonding capacity can affect a district’s ability to use or receive assistance. Questions were also raised about federal funds tied to earlier KIX grants and about districts with zero remaining offers of assistance; staff said most grant-funded projects are underway or complete, and that a zero balance means a district has spent its available assistance. No votes or formal actions were taken.

Transcript Highlights:

• They require soft loans.
• They require soft loans.
• We don't have rehabilitation loans, right?
• And dispersing loan funds during construction.
• This is because HCD loans are structured as permanent financing, long-term loans, meaning the money doesn't

Summary: The committee heard testimony on several housing-related proposals and policy ideas. One speaker urged changes to the welfare property tax exemption for affordable housing, arguing that annual income recertifications are outdated and burdensome, and proposing a one-time qualification at move-in, streamlined monitoring through TCAC or HCD, and continued exemption protection for projects that remain in compliance. The witness said rising insurance costs and administrative burdens are hurting cash flow and threatening the viability of affordable housing operations. A major portion of the meeting focused on social housing and the SB 555 study. HCD described its ongoing study process, including public engagement with residents, practitioners, and experts, and noted that California already has many building blocks for social housing, such as public land tools, long-term affordability mechanisms, community land trusts, and tenant protections. Community land trust and housing policy witnesses argued that social housing will require legislative action, expanded public subsidy, tax abatements, public land, and simplified financing, and they emphasized the need to reframe the concept for the “missing middle” and middle-class households to build broader political support. Committee members discussed stigma around “social housing,” the need for a rebrand, and the possibility of a pilot program, especially on excess public land. The committee also heard a proposal for a certified professional plan-check system modeled on Vancouver, Canada. The presenter said California’s permitting delays, inconsistent reviews, and staffing shortages add cost and uncertainty even for streamlined projects, and proposed allowing state-certified private professionals to perform plan checks and inspections under state oversight while local governments retain zoning and enforcement authority. Members discussed local control concerns, infrastructure costs, and the need to reduce delays and uncertainty in the entitlement process. Finally, the committee heard testimony supporting changes to HCD loan disbursement so funds can be used during construction rather than only after completion. Witnesses said this would reduce interest costs, improve feasibility, and could produce additional affordable homes with existing funding. The discussion also referenced AB 1053 as the vehicle for implementing that approach.

Transcript Highlights:

• California students receive about $12 billion annually in student loans, Pell Grants, and other programs
• and they don't accept those loans.
• I can tell you that we did disperse 3.5 billion in financial aid, and of that, 176 million was loans.
• With loans, it's more around the $13,000 to $14,000.
• . education through part-time work and, if necessary, student loans.

Transcript Highlights:

• The Agricultural Loan Program shall establish a Certified Lender Program.
• Guarantee Program.
• For us to be able to support agriculture... loan guarantee program with a mere $50 million of our budget
• I am simply adding money to a program that exists called the Agricultural Loan Guarantee Program.
• , including those with an extension of credit guarantee.

Bills: SCR8 , SCR25 , SB1 , SB14 , SB24 , SB213 , SB251 , SB315 , SB371 , SB378 , SB379 , SB406 , SB413 , SB472 , SB487 , SB502 , SB502 , SB509 , SB513 , SB513 , SB565 , SB565 , SB583 , SB608 , SB621 , SB650 , SB686 , SB686 , SB707 , SB710 , SB710 , SB761 , SB761 , SB810 , SB815 , SB840 , SB856 , SB875 , SB875 , SB896 , SB896 , SB916 , SB925 , SB958 , SB958 , SB961 , SB965 , SB965 , SB973 , SB973 , SB987 , SB990 , SB995 , SB1018 , SB1019 , SB1146 , SB1146 , SB1198 , SB1252 , SB1252 , SB1253 , SB1253 , SB1330 , SB1343 , SB1362 , SB1499 , SB1499 , SB1532 , SB1532 , SB1547 , SB1547 , SB1555 , SB1596 , SB1596 , SJR36 , SJR12 , SJR57 , SCR25 , SCR22 , SCR12 , SCR8 , SB565 , SB765 , SB62 , SB666 , SB707 , SB888 , SB687 , SB847 , SB1248 , SB14 , SB1006 , SB504 , SB925 , SB995 , SB857 , SB305 , SB296 , SB284 , SB815 , SB1379 , SB1497 , SB1499 , SB1498 , SB241 , SB304 , SB621 , SB1023 , SB1024 , SB686 , SB112 , SB371 , SB204 , SB609 , SB670 , SB502 , SB850 , SB854 , SB413 , SB1555 , SB1362 , SB1346 , SB1033 , SB1220 , SB1073 , SB810 , SB987 , SB1539 , SB447 , SB875 , SB406 , SB985 , SB965 , SB1119 , SB1505 , SB24 , SB1194 , SB1253 , SB1215 , SB1532 , SB1302 , SB856 , SB650 , SB583 , SB673 , SB213 , SB681 , SB1172 , SB1252 , SB378 , SB1343 , SB608 , SB487 , SB955 , SB957 , SB988 , SB990 , SB1019 , SB1021 , SB1120 , SB251 , SB958 , SB761 , SB1 , SB541 , SB315 , SB379 , SB1018 , SB1737 , SB266 , SB1415 , SB1527 , SB125 , SB599 , SB1330 , SB53 , SB916 , SB896 , SB1352 , SB973 , SB785 , SB710 , SB472 , SB1450 , SB1502 , SB1566 , SB414 , SB1062 , SB1547 , SB961 , SB1038 , SB513 , SB578 , SB711 , SB746 , SB942 , SB1404 , SB1448 , SB1738 , SB108 , SB8 , SB318 , SB507 , SB533 , SB689 , SB1026 , SB1349 , SB1355 , SB1433 , SB1434 , SB1596 , SB1403 , SB1198 , SB1146 , SB763 , SB667 , SB1059 , SB617 , SB1567 , SB503 , SB1 , SB1555 , SR233 , SR307 , SR310 , SR318 , SR319 , SCR25 , SJR72 , SJR73 , SJR75 , SJR77 , SJR79 , SJR80 , SJR81 , SJR82 , SB2198 , SB2201 , SB2202 , SB2203 , SB2204 , SB2205 , SB2206 , SB2207 , SB2208 , SB2209 , SB2210 , SB2211 , SB2213 , SB2214 , SB2215 , SB2216 , SB2217 , SB2218 , SB2219 , SB2220 , SB2221 , SB2222 , SB2223 , SB2224 , SB2225 , SB2226 , SB2227 , SB2228 , SB2229 , SB2231 , SB2232 , SB2233 , SB2234 , SB2235 , SB2236 , SB2237 , SB2238 , SB2239 , SB2240 , SB2241 , SB2242 , SB2243 , SB2244 , SB2245 , SB2246 , SB2247 , SB2248 , SB2249 , SB2250 , SB2251 , SB2252 , SB2253 , SB2254 , SB2255 , SB2256 , SB2257 , SB2258 , SB2259 , SB2260 , SB2261 , SB2262 , SB2263 , SB2264 , SB2265 , SB2266 , SB2267 , SB2268 , SB2269 , SB2270 , SB2271 , SB2272 , SB2273 , SB2274 , SB2275 , SB2276 , SB2277 , SB2278 , SB2279 , SB2280 , SB2281 , SB2282 , SB2283 , SB2284 , SB2285 , SB2286 , SB2287 , SB2288 , SB2289 , SB2290 , SB2291 , SB2292 , SB2293 , SB2294 , SB2295 , SB2296 , SB2297 , SB2298 , SB2299 , SB2300 , SB2301 , SB2302 , SB2303 , SB2304 , SB2305 , SB2306 , SB2307 , SB2308 , SB2309 , SB2310 , SB2311 , SB2313 , SB2314 , SB2315 , SB2316 , SB2317 , SB2318 , SB2319 , SB2320 , SB2321 , SB2322 , SB2323 , SB2324 , SB2325 , SB2326 , SB2327 , SB2328 , SB2329 , SB2330 , SB2331 , SB2333 , SB2334 , SB2335 , SB2336 , SB2337 , SB2338 , SB2339 , SB2340 , SB2341 , SB2342 , SB2343 , SB2344 , SB2346 , SB2347 , SB2348 , SB2349 , SB2350 , SB2351 , SB2352 , SB2353 , SB2354 , SB2355 , SB2356 , SB2357 , SB2358 , SB2359 , SB2360 , SB2361 , SB2362 , SB2363 , SB2364 , SB2365 , SB2366 , SB2367 , SB2368 , SB2369 , SB2370 , SB2371 , SB2372 , SB2373 , SB2374 , SB2375 , SB2376 , SB2377 , SB2378 , SB2379 , SB2380 , SB2381 , SB2382 , SB2383 , SB2384 , SB2385 , SB2386 , SB2387 , SB2388 , SB2389 , SB2390 , SB2391 , SB2393 , SB2394 , SB2395 , SB2396 , SB2397 , SB2398 , SB2399 , SB2400 , SB2401 , SB2402 , SB2403 , SB2404 , SB2405 , SB2406 , SB2410 , SB2411 , SB2412 , SB2413 , SB2414 , SB2415 , SB2416 , SB2417 , SB2418 , SB2419 , SB2420 , SB2421 , SB2422 , SB2423 , SB2424 , SB2426 , SB2427 , SB2428 , SB2429 , SB2430 , SB2431 , SB2432 , SB2433 , SB2434 , SB2435 , SB2436 , SB2437 , SB2438 , SB2439 , SB2440 , SB2441 , SB2442 , SB2443 , SB2444 , SB2445 , SB2446 , SB2447 , SB2448 , SB2449 , SB2450 , SB2451 , SB2452 , SB2453 , SB2454 , SB2455 , SB2456 , SB2457 , SB2458 , SB2459 , SB2460 , SJR72 , SJR73 , SJR75 , SJR77 , SJR79 , SJR80 , SJR81 , SJR82 , SB2198 , SB2201 , SB2202 , SB2203 , SB2204 , SB2205 , SB2206 , SB2207 , SB2208 , SB2209 , SB2210 , SB2211 , SB2213 , SB2214 , SB2215 , SB2216 , SB2217 , SB2218 , SB2219 , SB2220 , SB2221 , SB2222 , SB2223 , SB2224 , SB2225 , SB2226 , SB2227 , SB2228 , SB2229 , SB2231 , SB2232 , SB2233 , SB2234 , SB2235 , SB2236 , SB2237 , SB2238 , SB2239 , SB2240 , SB2241 , SB2242 , SB2243 , SB2244 , SB2245 , SB2246 , SB2247 , SB2248 , SB2249 , SB2250 , SB2251 , SB2252 , SB2253 , SB2254 , SB2255 , SB2256 , SB2257 , SB2258 , SB2259 , SB2260 , SB2261 , SB2262 , SB2263 , SB2264 , SB2265 , SB2266 , SB2267 , SB2268 , SB2269 , SB2270 , SB2271 , SB2272 , SB2273 , SB2274 , SB2275 , SB2276 , SB2277 , SB2278 , SB2279 , SB2280 , SB2281 , SB2282 , SB2283 , SB2284 , SB2285 , SB2286 , SB2287 , SB2288 , SB2289 , SB2290 , SB2291 , SB2292 , SB2293 , SB2294 , SB2295 , SB2296 , SB2297 , SB2298 , SB2299 , SB2300 , SB2301 , SB2302 , SB2303 , SB2304 , SB2305 , SB2306 , SB2307 , SB2308 , SB2309 , SB2310 , SB2311 , SB2313 , SB2314 , SB2315 , SB2316 , SB2317 , SB2318 , SB2319 , SB2320 , SB2321 , SB2322 , SB2323 , SB2324 , SB2325 , SB2326 , SB2327 , SB2328 , SB2329 , SB2330 , SB2331 , SB2333 , SB2334 , SB2335 , SB2336 , SB2337 , SB2338 , SB2339 , SB2340 , SB2341 , SB2342 , SB2343 , SB2344 , SB2346 , SB2347 , SB2348 , SB2349 , SB2350 , SB2351 , SB2352 , SB2353 , SB2354 , SB2355 , SB2356 , SB2357 , SB2358 , SB2359 , SB2360 , SB2361 , SB2362 , SB2363 , SB2364 , SB2365 , SB2366 , SB2367 , SB2368 , SB2369 , SB2370 , SB2371 , SB2372 , SB2373 , SB2374 , SB2375 , SB2376 , SB2377 , SB2378 , SB2379 , SB2380 , SB2381 , SB2382 , SB2383 , SB2384 , SB2385 , SB2386 , SB2387 , SB2388 , SB2389 , SB2390 , SB2391 , SB2393 , SB2394 , SB2395 , SB2396 , SB2397 , SB2398 , SB2399 , SB2400 , SB2401 , SB2402 , SB2403 , SB2404 , SB2405 , SB2406 , SB2410 , SB2411 , SB2412 , SB2413 , SB2414 , SB2415 , SB2416 , SB2417 , SB2418 , SB2419 , SB2420 , SB2421 , SB2422 , SB2423 , SB2424 , SB2426 , SB2427 , SB2428 , SB2429 , SB2430 , SB2431 , SB2432 , SB2433 , SB2434 , SB2435 , SB2436 , SB2437 , SB2438 , SB2439 , SB2440 , SB2441 , SB2442 , SB2443 , SB2444 , SB2445 , SB2446 , SB2447 , SB2448 , SB2449 , SB2450 , SB2451 , SB2452 , SB2453 , SB2454 , SB2455 , SB2456 , SB2457 , SB2458 , SB2459 , SB2460

Transcript Highlights:

• The proceeds from selling those loans are recycled into new loans.
• The proceeds from selling those loans are recycled into new loans.
• borrowers into higher-cost loans.
• Will the state do some state guarantees or backstop loans to make those to those people that are hard-to-serve
• Will the state do some state guarantees or backstop loans to those people that are hard-to-serve borrowers

Summary: The Assembly Banking and Finance Committee met to hear several bills, beginning with a consent calendar that included AB 665 and AB 866, both adopted on a do pass basis and referred to Appropriations. The committee then took up AB 801, which would create a California Community Reinvestment Act to require covered financial institutions, including state-chartered banks, credit unions, residential mortgage lenders, and money transmitters, to meet the financial needs of low- and moderate-income communities and communities of color. The author and supporters argued the bill would close gaps left by the federal CRA, address redlining and discriminatory lending, and expand investment in housing, small business, and community development. Support came from community groups, CDFIs, labor, and housing advocates, while opposition from mortgage bankers and credit unions argued the bill would impose costly new reporting and regulatory burdens, especially on institutions they said already serve underserved borrowers well. Committee members discussed the scope of the bill, the experience of other states with state CRA laws, and possible carve-outs or tiered treatment for smaller credit unions. AB 801 was passed as amended and referred to Appropriations, with the roll left open and later completed; one member voted no and others were not voting or voted aye as the roll was finalized. The committee also heard AB 743, which would require licensing and surety bonds for commercial lawsuit financing and bring those transactions under DFPI oversight. The author said the bill was aimed at a largely unregulated, multi-billion-dollar industry and was intended to increase transparency and address concerns about foreign interests, fraud, and abusive litigation funding practices, while not affecting consumer legal funding. Supporters, including Unified Patents, the Civil Justice Association of California, the California Chamber of Commerce, the California Trucking Association, and the American Property Casualty Insurance Association, said the bill was an important first step toward disclosure and regulation. There was no opposition testimony. AB 743 passed unanimously as amended and was referred to Appropriations, with the roll held open briefly for absent members before the committee adjourned.

Transcript Highlights:

• Yeah. support um title guarantee support um title guarantee Mike<00:16:15.519><c> pich</c><00:16:15.920
• <00:46:06.599><c> also</c><00:46:06.960><c> in</c> guarantee also in guarantee also in support<00:46:
• And how many loans do we have? I know we currently have 17 active loans.
• Okay, so these loans are for business expansion? Yes.
• Next up, Senate Bill 983, relating to small business loans.

Committee: Senate Economic Development and Tourism

Summary: The Senate Committee on Economic Development and Tourism heard testimony on several bills, with much of the discussion focused on Enterprise Zones and related economic development measures. On SB 125, the committee heard support from DBEDT, the Department of Taxation, the Tax Foundation of Hawaiʻi, the Hawaiʻi Farm Bureau, and the Farmers Union. Members questioned how the bill would affect job-creation requirements and learned that existing companies and new companies are treated differently under the program, with existing companies generally subject to a 15% annual employment increase and new companies to a 10% increase, while the bill would extend the program period from seven to nine years. DBEDT also said the program has been effective, citing 1,162 jobs created or maintained at a cost of about $1.2 million, and noted that agriculture, manufacturing, and wholesaling are the main sectors involved. The committee then took up SB 729, also relating to Enterprise Zones, which would expand eligibility to better accommodate local manufacturers and value-added businesses that sell directly to retail rather than only wholesale. Testifiers from the Holua Collaborative and Hawaiʻi Farm Bureau supported the measure, saying it would help small manufacturers and agricultural producers add value and adapt to internet-era sales patterns. A committee discussion clarified that the bill would add value-added processing as an allowable activity within the zones, and DBEDT explained that the current rules were written for a wholesale-dominated market. The Attorney General’s office also testified, raising a supremacy clause concern and recommending language changes to avoid conflict with federal law. On SB 129, relating to labeling requirements for fish, the Attorney General and the Department of Agriculture both raised concerns about federal preemption and enforcement. The AG explained that federal law governs fish labeling but includes an exception for processed fish, and recommended narrowing the bill to processed fish and defining that term to fit the federal carve-out. The Hawaii Longline Association supported the bill but suggested excluding canned tuna while including products such as poke, sashimi, and sushi. The Department of Agriculture said it does not currently enforce this kind of labeling requirement and would need to determine whether another agency should handle enforcement. The committee also heard SB 581, which would establish an aerospace and aeronautics development program within DBEDT. Testimony was generally supportive, but members pressed for a fiscal estimate, and the bill’s sponsor said a prior version of the office had operated on about $400,000 annually with a small staff. No votes or final committee actions were taken during the portion of the hearing provided.

Transcript Highlights:

• It also sets new student loan limits, capping Parent PLUS loans at $20,000 per year, and ending Grad
• PLUS loans altogether.
• The elimination of Grad PLUS loans removes an affordable loan option for more than 2,800 CSU graduate
• those loans.
• federal loans.

Summary: The Assembly Higher Education Committee held an oversight hearing on how federal actions are affecting California higher education, with opening remarks from the chair and members emphasizing the importance of state-federal shared governance and the need to protect access, affordability, and campus diversity. The first panel included leaders from the CSU, University of the Pacific, California Community Colleges, and UC, who described broad impacts from federal grant terminations, changes to student aid, loan limits, visa and immigration policy, and proposed reductions to research support. Testimony focused on the elimination of Grad PLUS loans, caps on Parent PLUS and Pell-related changes, the loss or suspension of hundreds of grants, and the resulting harm to student support services, research, workforce pipelines, food assistance, and health care training. UC and CSU representatives warned of major losses in research funding, indirect cost reimbursement, and student opportunities, while community college leaders highlighted uncertainty around federal grants and the need to maintain services for low-income, first-generation, undocumented, and other vulnerable students. Committee members asked how the state could respond, including through intersegmental partnerships, dual enrollment, transfer pathways, and support for basic needs and nutrition programs. Witnesses said California could help by sustaining financial aid, protecting minority-serving institution programs, and investing in research, housing, and workforce development. Several speakers stressed that federal changes were creating instability for students and campuses, and that the effects would likely be long-lasting, especially in health care, teaching, STEM, and social work pipelines. A second panel then focused on equitable access. The California Student Aid Commission described state efforts such as the $3.9 billion investment in aid programs, the Cal Grant system, the Dream Act, and possible reforms to better serve adult learners, foster youth, undocumented students, and students with dependents. The Los Angeles Community College District reported that federal cuts and policy shifts are discouraging students from applying for aid, threatening TRIO and MSI/HSI-funded services, and reducing support for basic needs, counseling, and workforce programs. The Association of Independent California Colleges and Universities and the CSU Academic Senate echoed concerns about FAFSA confusion, international student restrictions, grant losses, and the erosion of equity-focused programs. No formal votes or legislative actions were taken during the hearing; the committee primarily received testimony and discussed possible state responses.

Transcript Highlights:

• And that would increase the Proposition 98 guarantee.
• And that would increase the Proposition 98 guarantee.
• And that would increase the Proposition 98 guarantee.
• That's the loaning and lending program for the state.
• Is there any way to guarantee that that’s—” When the repayments come due, is there any way to guarantee

Summary: The committee heard the May Revision presentation for the Assembly Budget Subcommittee on Education Finance, with public comment focused heavily on K-12 priorities such as universal school meals, kitchen infrastructure, food service and custodial support, youth leadership grants, Special Olympics funding, English learner support, universal pre-K, literacy investments, and concerns about community college funding shifts. Speakers also urged support for expanded learning, teacher recruitment and training, and maintaining or increasing funding for community colleges and student support programs. Finance and the LAO then reviewed the Proposition 98 outlook. Finance said the May Revision lowers the 2025-26 Prop. 98 guarantee to $114.6 billion, about $4.3 billion below January, due mainly to lower revenue estimates, with smaller effects from attendance and property tax changes. The administration also described rebenching for universal transitional kindergarten and a one-time rebench tied to Los Angeles fire-related property tax losses, along with changes to the Public School System Stabilization Account, deferrals, and updated COLA assumptions. The LAO said the budget relies too much on deferrals and one-time funds, creates a structural shortfall, and should instead align ongoing spending with the guarantee and preserve a reserve buffer. Members questioned the TK rebench and the shift of funding from community colleges to K-12, asking why it was being applied retroactively and how colleges would be held harmless. Finance said the changes align funding with where TK costs are being incurred and that reappropriation funding and other adjustments would offset impacts on community colleges. The LAO argued the historical split formula is outdated and should be abandoned in favor of budgeting around current priorities rather than fixed percentages. Members also raised concerns about draining the rainy day reserve and using deferrals, while the LAO said preserving reserves would better protect against future volatility. The committee then moved to specific K-12 and education proposals. Finance outlined May Revision changes including state operations adjustments for the Department of Education, technical trailer bill changes, a $100 million student teacher stipend program administered by Kern County, and updates to the charter school facility grant program. The LAO recommended rejecting the proposed increases for expanded learning, literacy coaches, and the student teacher stipend as currently structured, while supporting the minimum grant increase for expanded learning. Members expressed support for teacher recruitment efforts but questioned whether one-time funding can sustain ongoing programs and whether the student teacher stipend should be targeted to shortage areas or low-income communities.

Transcript Highlights:

• We have to somehow get loan guarantees.
• We have to somehow get loan guarantees.
• We have to somehow get loan guarantees.
• We have to somehow get loan guarantees.
• We have to somehow get loan guarantees.

Summary: The committee met with a quorum, approved the minutes from the previous meeting, and then heard a presentation from LG&E and KU representatives Caroline Clark and John Bevington on economic development, energy demand, and the utility’s role in supporting Kentucky’s growth. Bevington described the company’s service territory, generation fleet, and recent economic development activity, including 76 projects supported in 2024, more than $2.8 billion in private investment, and over 3,000 new jobs. He emphasized that data centers are now the dominant driver in the pipeline, with 22 data center projects representing about 8.7 of the 9.7 gigawatts of potential demand, alongside other manufacturing and commercial projects. A major focus was how data centers choose sites and how utilities respond. Bevington explained that hyperscale data centers typically approach utilities first because they need transmission-level access, and that utilities then conduct internal analyses, estimate infrastructure needs, and require financial security before proceeding. He said the company is working through formal transmission studies and long-lead infrastructure planning, and noted that Kentucky’s sales tax exemption for data centers helped attract interest. He also outlined the economic benefits of data centers, citing an announced Louisville project of 525 megawatts and about $11 billion in investment, with an estimated $500 million in new tax revenue over 10 years, plus broader job and GDP impacts. Members asked about whether data centers could generate their own power, the reliability of the pipeline numbers given confidentiality and nondisclosure agreements, and cybersecurity concerns. Bevington said the company does not assume all pipeline projects will materialize in Kentucky and instead assigns probabilities to avoid overbuilding. He also said he was not the right person to address cybersecurity in detail but offered to return to a committee focused on IT or security. In response to questions about future supply, he said LG&E and KU are adding generation through a 120-megawatt solar facility in Mercer County, a 120-megawatt solar purchase in Marion County, and a 645-megawatt natural gas combined-cycle plant in Louisville, with PSC approval recently granted for additional generation and related system upgrades.

Transcript Highlights:

• It would be encumbered for that loan, and it would be on hold, basically, as collateral for the loan.
• c><00:31:18.679><c> flow</c><00:31:19.039><c> out</c><00:31:19.200><c> of</c> loans uh the loans don't
• flow out of loans uh the loans don't flow out of grent<00:31:20.240><c> revolving</c><00:31:20.600><
• Title guarantee Mana up Hawaii Gas hbn Title guarantee Mana up Hawaii Gas hbn building<00:51:51.319><
• If I'm mistaken, that's like $200,000 each, just to manage who can get a loan.

Committee: House Housing

Summary: The House Committee on Housing held a public hearing and moved quickly through a long agenda, beginning with HB 606 on the Department of Hawaiian Homelands. DHHL and several community testifiers strongly supported the bill, describing it as a way to fulfill long-standing promises to Native Hawaiians, reduce the DHHL waitlist, keep families in Hawaii, and support housing production and the broader economy. Testifiers emphasized the cultural and economic importance of stable housing and noted the large number of people still waiting for DHHL homes. The committee then heard HB 1086, also relating to DHHL, which would allow the department to use a $75 million appropriation from the dwelling unit revolving fund as collateral for loans. DHHL, HHFDC, and other supporters said the measure would help DHHL obtain better loan terms and preserve trust funds for other uses. Members asked detailed questions about how the collateral would work, whether other agencies use similar structures, and what would happen if the collateral were drawn upon; staff explained that the funds would be encumbered for the loan and that a similar model had been used for a HUD-backed project. The committee also heard HB 739, which would create the COM homes program to fund counties to buy voluntary deed restrictions from eligible homeowners or buyers. Supporters said the program could help keep local workers in Hawaii by using existing housing stock and cited examples from places like Aspen and Vail. The Attorney General’s office recommended amendments to remove duration requirements to avoid right-to-travel concerns, and the Tax Foundation suggested clarifying the conveyance tax exemption so it also covers the instrument imposing the restriction. Members asked whether tax dollars would be used to buy homes, who would be eligible, and how enforcement would work; supporters said the program is voluntary and income-blind, with restrictions tied to living and working in the state. No votes were taken during the hearing.

Transcript Highlights:

• I will provide just an overview of changes to the Proposition 98 minimum guarantee.
• Within the three-year budget window, the May Revision projects that the calculated minimum guarantee
• for a total minimum guarantee of $124.9 billion.
• total minimum guarantee of $127.1 billion.
• Important clarification: this would not at all change the Proposition 98 guarantee.

Summary: The committee heard presentations on the Governor’s May Revision TK-12 education proposals, beginning with Proposition 98. The Department of Finance explained that the minimum guarantee rises by about $6.4 billion relative to the January budget across the three-year window, with a total of $124.9 billion in 2024-25, $125.1 billion in 2025-26, and $127.1 billion in 2026-27. Finance also described revised settle-up and reserve actions, including maintaining a $3.9 billion settle-up balance, increasing discretionary deposits into the Prop. 98 reserve, and ending with a projected reserve balance of about $10.3 billion. The Legislative Analyst’s Office said the overall estimates were reasonable but urged the state to fully fund the guarantee and use other budget actions or reserves to manage volatility rather than delay settle-up payments. Members questioned the rationale for leaving the $3.9 billion unsettled, and Finance said the amount reflects revenue uncertainty and the risk of overappropriating Prop. 98 if revenues later fall. The committee then reviewed the Department of Education portion of the May Revision. Finance said the budget adds positions and state operations funding for CDE and includes trailer bill changes affecting community schools, preschool, literacy, special education, charter accountability, and other programs. The LAO highlighted concerns and recommendations on several proposals, including the size and structure of the LCFF increase, the special education base-rate increase, additional one-time community schools funding, literacy coach and math professional development augmentations, the multilingual screener, inclusive college grants, homelessness grants, and the proposed paid pregnancy disability leave mandate. CDE supported the special education increase, paid pregnancy leave, community schools, homelessness funding, literacy and math investments, and preschool parity, while urging more support for county offices of education and clearer definitions and implementation details for some programs. Finance said the paid pregnancy leave proposal would cost an estimated $218 million annually and is intended as a recruitment and retention measure. In the Commission on Teacher Credentialing item, Finance proposed funding for legal staffing tied to SB 848 and educator misconduct cases, plus funding and fee changes to support a statewide transcript review platform for subject matter competency and additional support for the residency technical assistance center. The LAO said it had no concerns with the staffing for misconduct and SB 848, recommended the transcript review platform and related fee increase if the platform moves forward, and recommended rejecting the residency technical assistance center expansion because current funding lasts through 2029. CTC said the misconduct workload has grown over the last five to six years and that AI would be used only as a backstop to human review in the transcript system. Public commenters were split, with unions and education groups supporting special education, paid pregnancy leave, community schools, homelessness funding, and literacy investments, while opposing the $3.9 billion settle-up delay and the reduction to preschool COLA.

Transcript Highlights:

• But in this state, and in this case, we've given these people a customer, and we've guaranteed them a
• , and the special assessment comes in after the fact as a repayment method for the loan, okay?
• , and the special assessment comes in after the fact as a repayment method for the loan.
• So sometimes associations aren't able to get loans.
• They have a guaranteed path to citizenship.

Committee: Senate Senate Government Committee of Reference

Summary: The committee first considered SB 1825, which would shift the precinct committeeman vacancy application and nomination process from county party chairs to legislative district chairs where established, and require applicants to submit to the authorized chair within five days. Supporters said the change would streamline appointments, reduce bottlenecks in large counties, and strengthen grassroots, bottom-up party organization. County supervisors’ association staff said they had no objection to the district-chair process but raised concern that the five-day deadline for boards to act was too short. The committee adopted a do pass recommendation on SB 1825, with members noting the five-day issue should be worked out later. The committee then heard SB 1566, as amended, which targets malicious delays by municipalities, counties, the state, or state agencies in licensing and permit decisions, with a civil penalty and Attorney General enforcement. The amendment narrowed the bill to statutory licensing timeframes for single-family residential construction and clarified definitions and certificate-of-occupancy authority. The sponsor and home builders argued the bill would deter intentional delays that add to housing costs, while questions focused on how malice would be proven and whether the language was too broad. The committee adopted the amendment and gave SB 1566 a do pass as amended recommendation. Next, SB 1571, as amended, would bar monopoly utilities from passing marketing, sponsorship, community relations, and similar costs through to ratepayers, require annual reporting and attestation, and define the covered utilities. Supporters said ratepayers should not fund utility advertising or sponsorships, especially amid rising rates, while opponents from municipal and public-power utilities warned the language could sweep too broadly and interfere with legitimate customer communications, especially for smaller not-for-profit systems. The committee adopted the strike-everything amendment and gave the bill a do pass as amended recommendation. The committee also advanced SB 1501, expanding Administrative Rules Oversight Committee review to include whether agency actions exceed statutory authority, and SB 1805, requiring county recorders to verify the notary status on quitclaim deeds before recording them; both received do pass recommendations despite some concerns about scope and administrative burden.

Transcript Highlights:

• The operating thing here is they get a loan on it.
• And then that makes the property subject to the loan.
• or banks loaning money on quitclaim deeds.
• So I can't guarantee that.
• But I can guarantee that you would save the family a little bit more money.

Summary: The House met after a quorum was established and began with several introductions of special guests, including job shadows, 4-H participants, and interns. The chamber then moved to House Bills for Perfection, taking up HB 1707, which would stop sales tax from being imposed on credit card processing fees charged to vendors. Members asked for clarification about the bill’s scope and the title amendment, and the bill sponsor explained that the measure simply prevents tax from being charged on those fees. HB 1707 was then ordered perfected and printed. The House next considered HB 2819, a bill responding to the end of penny minting by authorizing rounding of cash sales to the nearest five cents. Supporters said the bill would give businesses a clear legal framework and reduce compliance risk. The chamber adopted the committee substitute and ordered the bill perfected and printed. Members then took up HB 2103, a property-fraud and notary-fraud bill aimed at strengthening penalties, requiring warning signs in recorder of deeds offices, and speeding court review for alleged victims. Supporters said it was needed to deter fraudulent deed filings and protect homeowners, while opponents argued it focused too much on notaries and recorders rather than the people committing the fraud. The committee substitute was adopted and the bill was ordered perfected and printed. The House also debated HB 1800, which would lower the inflationary cap on certain property-tax revenue growth from 5% to 3%. The discussion centered on whether the change would protect taxpayers or reduce funding for schools, fire districts, libraries, and other local services. An amendment was adopted that broadened the title and added property-assessment language, and the bill was then ordered perfected and printed. Finally, the House considered HB 2600, dealing with ambulance district consolidation and governance. The bill was described as a response to struggling rural EMS systems, with provisions for consolidation plans, public hearings, and voter involvement. An amendment modified the process for subdistricts, at-large districts, timing, and merger procedures, and the committee substitute as amended was adopted and ordered perfected and printed. The House then moved to announcements and adjourned until the next scheduled meeting.

Transcript Highlights:

• themselves to pay the loan back.
• themselves to pay the loan back.
• , I think in 2027, potential state student loan assistance.
• But they're still accessible for federal student loans.
• But we're not talking about loans here. Yeah, yeah.

Committee: House Higher Education and Workforce Development

Summary: The Committee on Higher Education and Workforce Development heard two bills. House Bill 3221, sponsored by Rep. Castile, would bar state funds from supporting higher education degree programs that the federal government designates as low-earning, with the Coordinating Board for Higher Education reviewing the federal list and reporting impacts. The sponsor framed it as taxpayer accountability and return on investment, while many committee members and witnesses argued it was premature, lacked data, and could harm essential but lower-paid fields such as education, social work, early childhood education, counseling, and the arts. Supporters said the bill would mirror federal policy and affect only a small number of programs; opponents warned it could discourage universities from offering needed programs and would not account for long-term career outcomes or transferable skills. No vote was taken, and the sponsor said the bill was still a work in progress. Testimony in support of HB 3221 came from a lobbyist for FGA Action and others who said federal law is already moving in this direction and cited a small number of affected programs. Opposition came from representatives of independent colleges, community colleges, and other witnesses who said the federal rules are still being developed, the earnings test is based on a limited snapshot, and some low-wage programs serve important workforce needs or lead to later advancement. Several members asked for more information on the federal list, the number and demographics of affected students, and possible unintended consequences for rural schools and workforce development. The committee then heard House Bill 3416, sponsored by Rep. Bosley, which would create the Strengthening HBCUs Fund and direct a portion of gaming and classroom trust revenues to Lincoln University and Harris-Stowe State University for capital improvements and related support. The sponsor said the bill is intended to address historic underfunding of HBCUs and align Missouri with similar efforts in other states and at the federal level. Lincoln University President John Mosley testified in support, describing recent growth, major campus projects, and the need for additional infrastructure funding without increasing debt. Committee members asked about the funding amounts, whether Lincoln receives any special state support, and how the money would be distributed. No opposition testimony was heard, and the committee adjourned after the HB 3416 hearing without taking a vote.