Transcript Highlights:

• can see the salary and wages, the new and vacant FTE positions line item, the operating costs, the capital
• You get into the capital improvement projects with the bank.
• And you need capacity, then you need the capital, then you do the construction, then you've got a pipeline
• FERC permit, you need 100% capacity, and you need capacity, then you need the capital, then you do the
• “Purchase of property, expansion of facilities, working capital, and inventory.

Keywords: 908, all

Summary: The committee heard House Bill 2014, the budget for the Industrial Commission, with Representative Kempenich walking through the agency’s major components: the administrative office, Bank of North Dakota, housing finance, Department of Mineral Resources, and the State Mill and Elevator. He described mostly special-fund operations, including bond payments, economic development programs, the rail loan program, the Rebuilder’s Loan Program, housing incentive funding, abandoned well reclamation work, lignite research, litigation reserves, and a capacity purchase arrangement for a future natural gas pipeline. He also explained several one-time funding items, such as grid resiliency grants, housing-related transfers from the Strategic Investment Fund, and enhanced oil recovery funding repurposed from a prior salt cavern study. Members asked about the reduction in housing incentive funding from the Senate version, the use of one-time Strategic Investment Fund dollars for ongoing housing programs, and whether a trigger should be added to increase housing funding later. Kempenich said no trigger was discussed and emphasized that housing needs vary widely across the state. Another exchange focused on the enhanced oil recovery grant program, which he said would be driven largely by the Energy and Environmental Research Center and would use repurposed funds. A longer discussion covered the natural gas pipeline capacity purchase, including its purpose, possible routes, and the idea that the state would be buying capacity rather than immediately building a pipeline. The committee adopted Amendment 25.0181.0207 on a 21-1 vote, with one member absent and not voting. The committee then passed HB 2014 as amended on a 21-1 vote, with one member absent and not voting. Representative Kempenich was designated to carry the bill. The chair then noted this was the final budget hearing for the committee, with one bill remaining to be heard later.

Transcript Highlights:

• Representative Walz moves that House File 1642 be recalled from the Committee on Capital Investment and
• I have talked to both committee chairs that House File 1642 be recalled from the Committee on Capital
• under the Transportation Committee's jurisdiction, not general obligation bonds, which is under the Capital
• <00:19:51.400> the obligation bonds which is under the obligation bonds which is under the capital
• <00:19:51.960> investment<00:19:52.440> committee's capital investment committee's capital

Keywords: 1183, house

Transcript Highlights:

• the more mature side where and there's collateral involved and companies can leverage that kind of capital
• or in the market that to to access the kind of capital and to the other side where there's capital accelerators
• And it's about, you know, we're we hover right around 6 billion dollars of potential private capital
• You can see the just the a hefty amount of private capital.
• For those of us who live and work here, Florida is the nation's space capital.

Keywords: 999, senate, all

Transcript Highlights:

• CalHFA has the flexibility and access to private capital necessary to fulfill our mission, to deliver
• So while we think the initial fund capitalization of $56 million would support construction lending on
• So that would be, you know, say, 500 to 1,000 homeowners initially with the initial capitalization of
• Both of those interventions are intended to reduce the cost of capital through the reduction of risk,
• into this, targeted solution that's being brought forward to entice private capital into this market

Keywords: 987, senate, all

Transcript Highlights:

• There is an allocation in this year's budget for some capital outlay and some, I think, deferred.
• And then they become capital outlay projects? Inevitably, yes.
• How much is the backlog on capital outlay projects?
• We support the Governor's budget on the Prop. 2 capital outlay funding.
• We support the governor's budget on the prop to capital outlay funding.

Summary: The committee heard an overview of the California Community Colleges budget proposal, including Proposition 98 funding, a 2.41% COLA for apportionments, enrollment growth funding, repayment of an apportionment deferral, and one-time investments for a student support block grant and deferred maintenance. The Department of Finance described the Governor’s package as providing significant new resources, while the LAO recommended prioritizing COLA and enrollment growth within available funds but raised concerns about some smaller proposals, including making the Healthy School Food Pathways Program ongoing and adding more funding for credit for prior learning before outcomes are known. The Chancellor’s Office supported the COLA, enrollment growth, and one-time investments, and said current projections suggest enrollment growth closer to 3%, with about $85 million to $90 million in ongoing costs if fully funded. Members focused heavily on enrollment growth, the 10% district cap, and whether the state should continue funding growth in the current year and budget year. The Chancellor’s Office said some districts, especially in the Inland Empire and Central Valley, are growing rapidly and that about seven districts are above the cap, with roughly 1,563 FTES and about $30 million in ongoing costs tied to that issue. Members also discussed hold-harmless districts and whether declining campuses should be required to produce turnaround or right-sizing plans. The Chancellor’s Office said districts are already having local conversations and that state funding provides time to adjust, but no formal plan requirement was proposed. The committee then took up common course numbering, where the Chancellor’s Office said all 115 community colleges have implemented the first phase and more than 550,000 students enrolled in the first six commonly numbered courses. The office argued that CCN improves clarity but does not yet guarantee that credits will transfer with full value across UC and CSU, because articulation is still handled campus by campus and can require more than 3,500 separate reviews. Members expressed concern that students can still be forced to retake courses such as calculus or ethnic studies even when they have the same common number, and urged the systems to develop a stronger statewide articulation mechanism tied to outcomes and transparency. The item was left open. Finally, the committee heard the Governor’s proposal to make Calbright College’s funding ongoing at $53.1 million. The LAO recommended instead transitioning Calbright to the student-centered funding formula, with one-time bridge funding in the meantime, arguing the Governor’s proposal lacks a clear enrollment-based rationale and performance expectations. Calbright’s leadership defended the college’s competency-based, flexible model for adult learners, citing more than 6,800 students served, over 2,200 certificates awarded, and wage gains for graduates; they said enrollment is expected to grow from about 7,000 students now to roughly 8,000 to 9,000 next year and around 10,000 over the next couple of years. Members pressed for clearer enrollment and funding data before deciding how Calbright should be funded going forward.

Transcript Highlights:

• He's also an organizer that's going to be helping us with the capital connection.
• going to be helping us with the capital going to be helping us with the capital connection.<00:25
• They are here for a history day competition and they included the capital today along with the judiciary
• <00:26:31.600> today<00:26:31.840> along<00:26:32.159> with included the capital
• today along with included the capital today along with the<00:26:32.480> judiciary<00:26:32.960

Keywords: 910, house, all

Transcript Highlights:

• It's important to note that the funds cannot be used for capital and construction projects.
• :57.000> for note that the funds cannot be used for note that the funds cannot be used for Capital
• and<00:03:57.760> construction<00:03:58.439> projects<00:03:59.439> each Capital
• and construction projects each Capital and construction projects each year<00:04:00.280> bya<
• <00:29:23.799> projects the progress of our capital projects the progress of our capital projects

Keywords: Reuploaded to restore full meeting 00:13 Call to Order and Roll Call 01:14 Approval of Minutes 01:40 Tourism, Arts, and Heritage Cabinet 27:44 Department of Parks 59:23 Adjournment, 958, all

Summary: The committee met for its second Budget Review on Economic Development, Public Protection, Tourism, and Energy and first approved the minutes from the prior meeting. Members then heard a presentation from the Tourism, Arts, and Heritage Cabinet and the Kentucky Department of Tourism on the 1% tourism marketing fund. Witnesses explained that the fund supports statewide tourism promotion, advertising, research, regional marketing, and matching grants to local tourism commissions, and that it cannot be used for capital construction. They reported that the General Assembly and governor increased appropriations in the 2024 session, adding $3 million in FY25 and $7 million in FY26, and set aside funding for the Kentucky Mountain Regional Recreation Authority, the National Quilt Museum, and the Southern Kentucky Tourism Initiative. Tourism officials emphasized that Kentucky tourism is a major economic driver, citing 2023 figures of $13.8 billion in economic impact, 79.3 million visitors, $9.7 billion in direct spending, more than 95,000 jobs supported, and nearly $1 billion in state and local tax revenue. They said the department now uses targeted digital and over-the-top advertising in selected domestic and international markets, with 62% of media placements digital and 80% of the budget spent out of state. Members asked about market selection, how the department measures return on investment, and what attracts visitors from places such as Dallas, Orlando, Toronto, and Washington, D.C.; officials said research shows a mix of family visits, outdoor recreation, and varied Kentucky offerings, and that 81% of overnight visitors are repeat visitors. They also discussed the potential impact of tariffs and trade tensions on bourbon-related tourism and international visitation, especially from Canada, and officials said they were monitoring the situation with U.S. Travel Association and Brand USA. The committee then heard from Kentucky State Parks officials on capital projects funded through HJR 76, HJR 56, and House Bill 6. They said they are providing quarterly project reports and have been meeting regularly with the Finance Cabinet’s engineering and contract staff. The presentation focused on campground utilities, broadband, and structural upgrades, including $40 million for campground improvements across the park system, with completed bathhouse renovations at Barren River and Nolin Lake and additional projects underway or in planning. Officials said the work is based on camper survey feedback, such as requests for better Wi-Fi, sewer and electric upgrades, frost-free spigots, and improved site layouts, and noted that the My Old Kentucky Home campground project is under construction and expected to be completed by spring 2026.

Transcript Highlights:

• Um, what I think I will say is for both of these care settings, they require a lot of capital updates
• And so we're finding that a lot of our members who want to replace a roof or who want to make capital
• <00:31:17.120> updates they require a lot of capital updates they require a lot of capital
• be more interested in taking a capital be more interested in taking a capital offer<00:31:48.480
• capital to do the updates? capital to do the updates?

Keywords: 1187, senate, all

Transcript Highlights:

• So let's see this year what is the cost of our capital outlay project budget.
• Lowrider capital license plate.
• Uh, Senate Bill 327 is creating the low rider capital license plate, um, competing with, um.
• And then how much capital is in this year, this year's capital outlay fund.
• These are capital reauthorizations.

Transcript Highlights:

• badge, troop members are asked to explore national monuments, historic landmarks, and their state capital
• Notably in the Bay Area Toll Bridge Capital Improvement Program.
• Moving to announcements, following committee please meet this afternoon, natural resources at 2.30 in capital
• In capital room 126, banking and finance at 3.30 p.m.
• Capital room 444, session schedule is as follows. Tuesday, July 8th. Check-in session.

Keywords: 988, house, all

Transcript Highlights:

• He's a partner at Capital City Consulting.
• And they say Capital City Consulting offers, quote, exceptional influence, connection, and expertise
• for his quote-unquote steadfast support, claiming, quote, Florida remains the fishing and boating capital
• for his quote-unquote steadfast support, claiming, quote, Florida remains the fishing and boating capital
• for his quote-unquote steadfast support, claiming, quote, Florida remains the fishing and boating capital

Summary: The Committee on Environment and Natural Resources met to consider confirmation appointments, beginning with Rodney Barreto’s reappointment to the Fish and Wildlife Conservation Commission (FWC). Barreto described his background and defended his record, saying the commission has expanded public access, conserved land, supported youth conservation programs, and maintained strong law enforcement and wildlife management. Senators questioned him about public opposition to his confirmation, his role in supporting Amendment 2, a proposed use of submerged land near Singer Island, the Split Oak land swap, and whether FWC may reopen a bear hunt. Barreto said he saw no conflict in his Amendment 2 involvement, denied that any condo application existed for the Singer Island property, defended the Split Oak deal as a conservation and land-acquisition tradeoff, and said bear-hunt options would be presented later by staff and biologists. Several members of the public spoke against Barreto’s reconfirmation, arguing that FWC needs reform, term limits, and more scientific leadership, and criticizing his real estate and lobbying ties as conflicts of interest. Speakers also objected to his positions on development, habitat protection, trap use, herbicide spraying, and the handling of bear management and public notice at FWC meetings. Senator Avila spoke in strong support of Barreto, citing FWC’s role in Biscayne Bay restoration, juvenile redfish releases, invasive species control, and community involvement. The committee then voted to recommend Barreto’s confirmation favorably, with Senator Smith voting no. The committee next considered tabs 2 and 3, the reappointments of Kathy Chapman and Michael Kennedy to the Florida Inland Navigation District. With no separate vote requested and no public opposition, the committee recommended both confirmations favorably by voice roll call. The meeting concluded with thanks to staff and adjournment.

Transcript Highlights:

• That is not very long for planning and implementing capital projects.
• get-go, which we did, you're losing about five years from the onset just to acquire these kinds of capital
• because the time required to comply with these rules because the time required to put these kinds of capital
• questions about the impacts on the ability of water management districts to levy ad valorem taxes for capital
• Basically, in other words, does it give them a new tool to fund projects, or is it limiting them to fund capital

Summary: The Committee on Environment and Natural Resources met to hear a panel discussion on implementation of Senate Bill 64 (2021), which requires elimination of non-beneficial wastewater discharges to surface waters by 2032. Department of Environmental Protection staff reported that utility plans have been approved, about 570 million gallons per day are expected to be eliminated under the plans, and roughly 176 million gallons per day have already been eliminated. The department emphasized ongoing annual reporting, continued coordination with utilities, and the need for projects such as reuse, indirect potable reuse, wet-weather backup discharges, groundwater recharge, and other beneficial uses to meet the law’s 90% reuse requirement in applicable cases. Representatives from Flagler Beach, Atlantic Beach, JEA, and Hillsborough County described how the law affects different utilities. Smaller and coastal systems said they face major cost, space, salinity, and infrastructure constraints, with limited reuse opportunities and expensive alternatives such as deep well injection or regional transfer. Larger systems described substantial capital programs already underway, including public access reuse, indirect potable reuse, regional recharge projects, and saltwater intrusion barrier wells, with costs ranging from tens of millions to billions of dollars. Members and witnesses discussed the need for flexibility, regional solutions, and case-by-case permitting, and the Florida Rural Water Association asked the committee to consider hardship provisions and funding or exemption adjustments for smaller systems. The committee then took up SPB 7002, a proposed bill by the Environment and Natural Resources Committee relating to water management districts. Senator Broder explained that the bill would increase transparency, improve planning and budgeting oversight, create a gift ban, support local referendum authority for certain ad valorem funding, and provide record-level funding for Everglades restoration. After a question from Senator Smith about whether the ad valorem language was expansive or restrictive, Senator Broder said it would add a new funding tool for districts. The committee adopted a motion to submit SPB 7002 as a committee bill, and it was reported favorably by roll call vote. The meeting then adjourned.

Transcript Highlights:

• Paul and the discouragement of capital flowing to our markets because of rent control.
• It damages Minnesota in the capital markets. Thank you, Madam Chair.
• rank control is damaging to the Capital rank control is damaging to the Capital Market<01:35:01.360
• Market damages Minnesota in the capital Market damages Minnesota in the capital markets<01:35:03.800
• That could be an individual who engages in the act of raising capital.

Keywords: 1187, senate, all

Transcript Highlights:

• gains revenue collection and also income tax, income, I'm sorry. ...capital gains revenue collection
• I can tell you that in our non-withheld revenue, i.e., capital gains and fair share, that capital gains
• We did allow the administration to use up to $375 million of excess capital gains to balance the FY25
• So we have approximately $500 million excess capital gains.
• So that's good news on the excess capital gains.

Keywords: 995, all

Summary: The Senate first debated and advanced Senate Bill 2561, an act to promote student learning and mental health, centered on a statewide bell-to-bell restriction on student cell phone use in schools. Supporters argued the bill would reduce distraction, improve academic performance and mental health, and encourage social interaction, while preserving flexibility for districts and exceptions for emergencies, special education, health needs, and instructional uses. Several senators emphasized local control and the need for public input, and a number of amendments were considered: some were withdrawn, some were rejected, and others were adopted, including an amendment requiring consistent and necessary exceptions and another requiring public hearings and local public input. The bill was then ordered to a third reading and passed to be engrossed by a roll call vote of 38-2. The Senate also took up a conference committee report on a $259 million FY2025 supplemental appropriations bill. The report funded EMS costs, home care, the Healthy Incentives Program, DTA chip card technology, veterans benefits, the state police crime lab, the SSI state supplement, the Fair Housing Fund, and the National Guard, and included major indigent defense provisions: $40 million for 320 new CPCS staff attorneys, rate increases for private bar advocates, guardrails to reduce future work stoppages, and an independent review of the indigent defense system. Senators questioned the timing of the report, the inclusion of items not previously voted on by either branch, and the funding sources, including use of the transitional escrow fund and excess revenues. The report was accepted, the emergency preamble was adopted, and the supplemental budget was enacted. In addition, the Senate passed other measures, including a bill authorizing the Massachusetts Water Resources Authority to supply water to the Linfield Center Water District and a municipal roads and bridges financing bill, both by roll call vote. The chamber also enacted a health care protections bill, and it concurred in referrals on a governor’s municipal empowerment legislation. The session included a brief memorial tribute and adjournment in memory of Harry C. Christensen.

Transcript Highlights:

• It makes it clear that it's CEDAC, which is the Capital Debt Affordability Advisory Committee, would
• a grant created to implement the regional communications system upgrade, and this will enable the capital
• liked to have been a part of this, and how did the committee come to a determination for just the capital
• , one other question: there were shovel-ready, there was no other region that was as ready as the capital
• That's why we have a capital budget.

Keywords: 927, senate, all

Transcript Highlights:

• There was a mention in there in the bill about the capital out there.
• So on page 6 at line 23, there's a reference to the Capital Projects Fund.
• And it was just yesterday, I believe, the Capital Projects Fund.
• So if some money is not spent, it reverts to this Capital Projects Fund.
• It was capitalized with general fund dollars, $300 million.

Keywords: 996, all

Summary: The committee heard a District 5 New Mexico Department of Transportation presentation from Rhonda Lopez, who reviewed the district’s FY26 budget, staffing vacancies, and the status of special appropriations from 2020 through 2025. She described numerous completed and ongoing projects across the district, including roadway overlays, bridge work, intersection improvements, ADA upgrades, and maintenance projects, and also summarized STIP, TPF, LGRF, and equipment needs. Members asked about a guardrail issue near U.S. 64 in Hogback, the 5% local match for TPF projects, and the status of the New Mexico 371/U.S. 36 intersection funding agreement with the Navajo Nation; DOT said the match is secured or waived where applicable and that the Navajo agreement is nearly finalized. The committee then heard House Bill 270, which would amend the Public Works Apprentice Training Act to require contributions to apprenticeship and training programs for certain public works contracts, including highway-related work, while creating an exception where no approved apprenticeship program exists for a trade classification. The sponsor said the bill was intended to strengthen workforce development and support apprenticeship training. Contractors and asphalt industry representatives opposed the bill, arguing it would raise road project costs and duplicate existing training contributions. A motion to table failed on a tie, and a later motion to pass also failed on a tie, leaving the bill in committee. Next, the committee heard House Bill 322, which would create a transportation trust fund and transportation program fund, dedicate additional revenue sources including a portion of electricity GRT and motor vehicle excise tax, and begin annual distributions for federal matching funds in 2029. The sponsor and supporters said the bill would help address a multi-billion-dollar road funding gap, improve maintenance, and provide a stable source for matching federal dollars. Some members raised concerns about the electricity tax component, its effect on utility bills, and overlap with recently enacted transportation financing measures; others supported the concept but questioned timing and funding priorities. A motion on the bill resulted in a tie and failed, leaving the bill in committee. The meeting concluded with a District 4 NMDOT legislative presentation. The district outlined its geography, budget, staffing vacancy rate, completed special appropriations, active construction and maintenance projects, wildfire-related recovery work, local government funding allocations, and equipment replacement needs. Members asked about school district uses of local funding and the impact of aging equipment and weather on maintenance costs. The presentation ended without any formal action on District 4 items, and the committee adjourned.

Transcript Highlights:

• approximately $4.5 million. billion dollars supporting both ongoing operations and our extensive capital
• So the number one, and you can all see it across the Street here is a capital complex phase one and phase
• I think a great addition to our capital.
• cost of capital environment, that that was the major gating item for getting projects online, right?
• Anything on market design so that even if low cost of capital was the gating item. for some segment of

Keywords: 1184, house, all

Transcript Highlights:

• They did not because the fund was self-capitalizing.
• They did not because the fund was self-capitalizing.
• Um, we do these types of sort of unrealized income or capital gains taxes generally, and we do it for
• Um, we do these types of sort of unrealized income or capital gains taxes generally, and we do it for
• shall be approved institution's capital shall be approved by<01:25:56.280> the<01:25:56.440><

Keywords: 927, senate, all

Transcript Highlights:

• So, turning our attention to the future, our 2026 capital request focuses on three high-impact priorities
• We are launching a system-wide capital investment initiative to aggressively tackle our deferred renewal
• That partnership has previously included support for major capital investments like the 2018 Como Harbor
• Thank you for the invitation to speak about transit in greater Minnesota and our capital investment needs
• needs, the infrastructure, which capital needs, the infrastructure, which then<00:59:34.600> can<

Keywords: 1187, senate, all

Transcript Highlights:

• We had capital projects that were omitted. Agency requests were not approved and included.
• We had capital<00:07:11.039> projects<00:07:11.440> that<00:07:11.680> were<00:07
• capital projects that were omitted. capital projects that were omitted.
• authorize veterans capital projects authorize veterans capital projects totaling<00:30:12.399>
• <00:33:37.600> investments, maintenance and capital investments, maintenance and capital investments

Keywords: 958, all

Summary: The meeting opened with prayer and the Pledge of Allegiance, then moved into committee and floor reports. Several measures received favorable committee reports and were ordered to first reading and placed on the calendar, including Current Resolution 9, Senate Joint Resolution 23, House Bill 145, House Bill 567, and House Bill 506 with House Committee Substitute 1. The chamber also noted that House Bills 500 and 504 had already received two readings and were sent to the Rules Committee before House Bill 500 was brought up for final consideration. Most of the discussion focused on House Bill 500, the executive branch budget bill. Members described it as a “good first draft” and emphasized a budget process they said was more transparent than in prior years. The bill was presented as a restrained two-year operating budget with spending growth kept at a little under 2% annually, while setting aside about 2% of projected revenues, or roughly $614 million, in the Budget Reserve Trust Fund for future needs. The budget also used base reductions in some areas while exempting others such as Medicaid benefits, SEEK, corrections, behavioral health, and veterans programs. Subcommittee chairs then outlined major spending areas. Education provisions included a 2% annual increase in base SEEK funding, transportation funding held flat, equalization for recallable nickel funding, continued retirement contributions, and major support for postsecondary access, dual credit, asset preservation, and workforce training. Health and family services provisions held Medicaid steady while adding waiver slots, behavioral health and substance use support, public health investments, and funding for rural health and laboratory capacity. Other sections covered personnel and pensions, veterans services, infrastructure, public safety, economic development, tourism, and environmental projects. The only recorded action on the floor was adoption of House Committee Substitute 1 to House Bill 500, followed by a motion for final passage of the bill as amended. The transcript ends as discussion on final passage begins, before any final vote is shown.