Transcript Highlights:

• These are funds that will be moved from the authority's Public Project Revolving Fund.
• So we just require your authorization to move those funds to these three identified new funds.
• That fund will leverage approximately $31 million of federal funding.
• We own and operate our own facilities, and this fund provides vital funds.
• It relates to the public funds.

Keywords: 996, all

Transcript Highlights:

• and VAPAP funding.
• development that will, some of which, be offset by this fund.
• development that will, some of which, be offset by this fund.
• development that will, some of which, be offset by this fund.
• With the development that will, some of which, be offset by this fund. Thank you, Madam President.

Keywords: 993, senate, all

Summary: The Senate opened with the Pledge of Allegiance and an invocation, then approved the prior day’s Journal and moved into motions, resolutions, and budget-related business. Senator Gianaris called up Senate Print 5898A for reconsideration; the Senate voted 59 ayes to restore the bill to the third reading calendar. Several amendments were also received on third-reading bills, and the Finance Committee was called into session while the chamber proceeded with resolutions. The Senate adopted Resolution J.2106 recognizing Second Chance Month and the mental health impacts of incarceration, with Senator Brisport speaking in support and a guest from the community recognized in the chamber. The body also adopted Resolution J.1492 designating May 27, 2026, as Taiwan Heritage Day, with remarks from Senators Sepúlveda, Stavisky, and Liu highlighting Taiwanese contributions to New York and expressing support for Taiwan amid current geopolitical tensions. The Finance Committee then reported several budget bills, including Senate Prints 9003D, 9004D, 9007C, and 9009C, which were moved to third reading. The remainder of the session focused on the supplemental and controversial budget calendars, especially tax and spending provisions. Senators debated the “Protecting Our Wallets” energy rebate, with supporters describing it as a one-time check for eligible taxpayers and critics arguing it was too small and not tied directly to utility bills; the chamber accepted the message of necessity and laid the bills aside. Members also debated extensions and changes to tax provisions affecting corporations, alternative fuel exemptions, Broadway and theatrical production tax credits, charitable deductions for certain 501(c)(3)s, nicotine pouch taxes, a new New York City pied-à-terre tax, and a standardbred horse-racing testing fee. Several senators criticized the budget as raising costs or favoring certain industries, while supporters defended the measures as revenue-raising, affordability, or public-health policies. No final votes on the controversial budget bills are shown in the excerpt beyond procedural rulings, adoption of the resolution calendar, and acceptance of committee reports.

Transcript Highlights:

• here in the state of Florida, we are funded predominantly with state funds.
• of fund.
• opportunities, workforce development, as well as economic development.
• opportunities, workforce development, as well as economic development.
• And as mentioned, we're allocating some funds there for workforce development, as well as digital skills

Summary: The committee heard introductory remarks from Chair LaMarca and members, then received presentations on electric utility planning, transportation infrastructure, and broadband deployment. Public Service Commission staff explained how Florida’s utilities plan for reliability and cost through 10-year site plans, demand forecasting, and economic dispatch. The presentation emphasized Florida’s residential-heavy load, growing EV demand, expanding solar and battery storage, continued reliance on natural gas combined-cycle plants, and the role of nuclear power. Members asked about energy efficiency, rates, renewable options beyond solar, cybersecurity, grid resilience, data centers, and small modular nuclear reactors; the witness said efficiency programs are reviewed every five years, utilities must balance reliability and affordability, and large new loads like data centers generally must pay for their own infrastructure needs. Department of Transportation Secretary Jared Perdue described FDOT’s five-year work program, decentralized district structure, and funding mix, noting that the agency is predominantly state-funded and prioritizes maintenance and preservation before expansion. He highlighted record investment levels, major congestion-relief projects, toll-road revenues, seaport and airport partnerships, spaceport investments, workforce and equipment needs, and emerging technology such as advanced air mobility. Members asked about project timing, MPO planning, rail and ferry funding, airport governance, winter storm preparedness, and flooding/sea-level rise; Perdue said faster delivery depends on resources, local governments lead transit operations with FDOT as a capital partner, and coastal and drainage projects are designed around storm surge and resiliency. The Office of Broadband reported on six grant programs supporting infrastructure, community facilities, digital connectivity, and future digital capacity and broadband expansion. Director Leo Garcia said the office has awarded hundreds of millions of dollars across most counties, leveraged significant private investment, and focused heavily on rural areas. He noted that broadband efforts are intended to support telehealth, education, workforce development, and economic growth, and said the state has reduced the number of unserved locations from more than 400,000 to a projected 170,000 after current awards are completed. He also said the office needs additional budget authority for the upcoming digital capacity program and that the larger federal/state broadband deployment program will be used to reach remaining unserved and underserved areas.

Transcript Highlights:

• And so staff has developed a supplemental agenda for your review today.
• This increases an existing MOF to $5.9 million using a variety of funds.
• You'll see they use a variety of funding sources: state, federal, and other funding.
• They use a variety of funding sources: state, federal, and other funding.
• This is for fund management, Amendment 11 to an existing contract.

Summary: The committee met to review a supplemental agenda, procurement rule revisions, methods of finance, discretionary grants, contracts, and a member disclosure. The Office of State Procurement presented rule changes tied to 2025 legislative changes, including Act 782, with updates to sole-source definitions, unrealistic bids, protest requirements, debarment procedures, and recodification references; the committee voted to accept the supplemental agenda and approve the rules. Members also approved eight methods of finance covering university repairs, equipment replacement, property purchase, and capital projects, along with a large slate of discretionary grants for courts, health, DHS, historic preservation, and tobacco prevention programs. The committee then reviewed RFQs and six ratifications. The ratifications included a Workforce Connections payment to ACT WorkKeys, Department of Health costs from an ice-storm-related water leak, a large Department of Public Safety ratification for Motorola’s Arkansas Wireless Information Network upgrade, Veterans Affairs HVAC and medical-service payments, and a UA Little Rock painting contract. The Department of Public Safety ratification drew extended questioning about why the expired Motorola contract had not been renewed sooner and why the issue took months to reach the committee; agency officials said the project was bond-funded, had not been tracked in ASIS, and involved ongoing negotiations and system updates. Despite concerns, the committee approved the ratifications. Members also reviewed a long list of construction, intergovernmental, out-of-state, and in-state contracts, including numerous university, DHS, health, corrections, and state agency agreements. Several contracts were discussed in more detail, including an SAU custodial contract question about sales tax and transparency reporting, and Department of Corrections aerial application contracts for Tucker and Cummins farms, which officials said served separate facilities in different parts of the state. The committee approved the contract lists, reviewed reports, and accepted a disclosure from Representative Andrew Collins regarding his investment interest in a company leasing property to Arkansas Rehabilitation Services before adjourning.

Transcript Highlights:

• a strategy for the development of the park.
• a strategy for the development of the park.
• So today, the trust fund is in good health.
• state step in and fund them.
• And when we are insolvent or need funds, we've seen the state step in and fund them.

Bills: HB112, HB199, HCR9

Keywords: school district, bond issuance, election dates, voter approval, Texas Education Code, HCR 9, Texas State Cemetery, Hill Country flood, July 4 2025 flood, Guadalupe River, Camp Mystic, memorial, monument, concurrent resolution, disaster remembrance, natural disaster, flood victims, survivors, State Preservation Board, Texas secretary of state

Summary: The Committee on Trade, Workforce and Economic Development met with a quorum and moved quickly through a long agenda, hearing testimony and taking recorded votes on several bills. Early in the meeting, HB 2214 was laid out to exempt certain short-term residential leases and leaseback arrangements from flood-disclosure requirements; Texas Realtors supported the change, and the bill was left pending. The committee then voted out a series of pending measures, including HB 46, HB 186 (with a committee substitute), HB 431, HB 1147, HB 1154, HB 2468, HB 2488, HB 2788 (with a substitute), HB 2791 (with a substitute), HB 3260, and HCR 90, all reported favorably to the full House, with HB 1147 receiving two nays and the others passing unanimously or nearly so. A major portion of the hearing focused on HB 112, which would create a Texas Science Park district and commission to support advanced manufacturing and innovation sites. The bill’s author and supporters, including Samsung Austin Semiconductor, the Texas Association of Business, and the Governor’s economic development office, argued it would strengthen supply chains, attract investment, and support national security and workforce development. Testimony described interest from semiconductor and advanced manufacturing companies and referenced the model of foreign science parks such as Sinshu in Taiwan. HB 112 was left pending after testimony. The committee also heard HB 3698 and HB 3699, both related to unemployment insurance administration. HB 3698 would expand eligibility for the Reemployment Services and Eligibility Assessment program using federal funds, while HB 3699 would tighten the definition of “last work” to help the Texas Workforce Commission investigate UI fraud. Both bills were discussed with TWC resource witnesses and left pending after the committee withdrew the substitutes. HB 1349, which would extend HOA transparency and property-rights provisions to condominiums and refine HOA rules, and HB 621, which would require HOA meeting spaces to be available for residents to reserve for qualified political candidates or elected officials, were also heard and left pending. Finally, the committee heard HCR 9 to designate the first Saturday of each month as Small Business Saturday, HB 199 to index unemployment benefit duration to the state unemployment rate, and HB 3466 to exempt certain cancelable service contracts from Texas’s in-home sales cooling-off law; each drew supportive and opposing testimony and was left pending before adjournment.

Transcript Highlights:

• This bill gives protections to developers and gives more certainty for developers when you go through
• Once that development goes there.
• when a development when a uh development when a development plan<00:42:54.240> goes<00:42:54.480
• President, Senate Bill 224 is about giving developers certainty in the developing process.
• President, Senate Bill 224 is about giving developers certainty in the developing process.

Keywords: 958, all

Transcript Highlights:

• fund.
• fund.
• fund.
• fund.
• the use of the funds the dir funds will the use of the funds the dir funds will be<01:47:49.719>

Keywords: 910, house, all

Transcript Highlights:

• Development Fund and due to the ongoing Development Fund and due to the ongoing success<00:06:16.479>
• /c><00:18:31.640> be Development Fund we're going to be Development Fund we're going to be laying
• money instead of Workforce Development Fund.
• money instead of Workforce Development Fund.
• Fund for 20 Workforce Development Fund for 20 and<00:41:28.040> up<00:41:28.200> to<00

Keywords: 1187, senate, all

Transcript Highlights:

• funding to help them with the development, all you're going to do is just toss a problem onto the municipalities
• funding to help them with the development, all you're going to do is just toss a problem onto the municipalities
• funding to help them with the development, all you're going to do is just toss a problem onto the municipalities
• <02:11:25.840> promote those funds that help promote those funds that help promote development
• to help them with the funding to help them with the development.<02:12:10.560> All<02:12:10.719

Keywords: 1189, house, all

Transcript Highlights:

• OSP, in developing these rule changes, worked with CASO Consulting, who was hired by developing these
• You'll see they use a variety of funding sources: state, federal, and other funding.
• You'll see they use a variety of funding sources: state, federal, and other funding.
• This is for fund management, Amendment 11 to an existing contract.
• This is to develop the statewide strategic maternal health plan.

Keywords: 1204, all

Transcript Highlights:

• . funding. funding.
• These funds may help offset costs for developing, expanding, or implementing CTE programs.
• In a student-based model, states may develop reporting or accountability measures to ensure funds are
• . funding. funding.
• One is using an innovation fund, so being able to spur new programs of study being developed, to spur

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

Transcript Highlights:

• from jeopardizing federal funding.
• VoteCal was developed in response to a... VoteCal was developed in response to a federal mandate.
• The request before you is for one-time funding of $11.8 million in General Fund to support the continuation
• The request will provide one-time funding of $9.75 million Business Fees Fund for the continuation of
• , funding for temporary staff to backfill program positions redirected to the project, and funding for

Keywords: 988, house, all

Transcript Highlights:

• So, is there support to establish a perpetuity fund for the RHT funds?
• for the RHT funds?
• currently in the wildlife trust fund. currently in the wildlife trust fund.
• the authorization of the federal funds. the authorization of the federal funds.
• by the general fund.

Keywords: 916, all

Transcript Highlights:

• Delray Beach Downtown Development Authority.
• We call them LEAFERS, or local funding requests.
• We had developed. Yes, it would have run its course, but it’s not developed yet.
• prevention funds.
• That was over 10 years ago, when it received some community development block grant funds, which put

Summary: The Joint Legislative Auditing Committee met to consider several audit requests and enforcement items involving local governments and special districts. The committee approved operational audits of the City of Miami Beach, the Delray Beach Downtown Development Authority, and the City of Daytona Beach. In each case, the requesting member described concerns about transparency, financial management, or internal controls, while local officials or representatives generally said they were willing to cooperate and, in Delray Beach’s case, noted that an internal audit had already been completed and that some issues were being corrected. The committee also received a presentation on the statewide review of neighborhood improvement districts. The reviewers reported that 15 of 21 districts were active and six inactive, with common findings including outdated or missing performance plans, weak web presence, inadequate meeting notices, and limited management mechanisms. They said staffing levels often correlated with the ability to meet statutory requirements, and they recommended updates to district governance and transparency practices. On enforcement, staff reviewed local governments and special districts that had failed to file required financial reports or had submitted audit reports missing required information. The committee approved staff recommendations to proceed under the statutory enforcement process for the noncompliant entities, with flexibility for the chair and vice chair to delay action if additional information is provided in good faith. The committee also voted to send a letter to the Union County Legislative Delegation encouraging a local bill to dissolve the Town of Rayford, based on staff’s view that the town lacked employees, services, debt, and a clear reason to continue existing as an incorporated municipality.

Transcript Highlights:

• up general fund revenues, but to put like tax credits with the same funding stream.
• Public safety is funded typically through a city's general fund.
• that fund that.
• We have building fund, public safety or safety and whatever funds.
• We've got road funds, extension funds.

Keywords: 908, all

Summary: The committee met to continue its tax reform and relief study agenda, approved the December 3, 2025 minutes, and announced a new subcommittee to examine property tax statement issues with counties, auditors, and the tax office. Representative Headland was named chair, Senator Rummel vice chair, and Representatives Dressler and Dr. Dr. and Senator Patton were also assigned. The chair noted the group may need an additional meeting and thanked staff and attendees. A major portion of the meeting focused on economic development incentives. The Department of Commerce presented on the Renaissance Zone program and TIF districts, describing Renaissance Zones as locally tailored tools that combine local property tax relief with state income tax incentives. Commerce said the program has supported thousands of projects since 1999 and cited examples from Beach and Mandan showing increases in property and taxable value, business retention, housing, and downtown revitalization. Committee members raised concerns that smaller rural communities often lack the staff and expertise to apply, and Commerce said it provides outreach through conferences, office hours, and one-on-one assistance. League of Cities and local officials from Bismarck and Ellendale echoed the capacity issue, discussed how the programs have worked in their communities, and suggested possible reforms or more targeted support for small towns. Ellendale’s mayor also described two TIF districts, one for industrial infrastructure in Oaks and one for housing infrastructure tied to a data center project in Ellendale. The committee then turned to stripper oil taxation. The Tax Department gave a comparison of oil and gas tax structures in selected states, noting that most have some form of stripper or marginal well provision, while Alaska does not appear to have a specific stripper-well exemption. Members asked for more detail on definitions and North Dakota’s annual adjusted rate. The Department of Mineral Resources followed with a detailed presentation on North Dakota stripper wells, explaining the statutory thresholds, the 12-consecutive-month production test, and the fact that once a well qualifies it remains on stripper status even if production later rises. DMR said about 11,332 stripper wells are active, representing roughly 54% of wells and about 16% of state production, and emphasized that stripper status can extend well life, preserve tax revenue, and reduce orphaned wells. Committee members and industry witnesses discussed refracs, the economics of keeping marginal wells active, and the competitive disadvantage created by North Dakota’s oil price discount. No votes were taken on these informational items.

Transcript Highlights:

• The tax system was already funded and is... Was already funded? Correct. Okay.
• of revenue that's dedicated to low-income housing development.
• of revenue that's dedicated to low-income housing development.
• only expense those funds in the years that the home sells.
• It is providing tax relief and helps developers to build homes.

Summary: The committee met on December 3, 2025, with a quorum present and approved the September 17 minutes. Members first voted to suspend the 2026 JLARC lodging tax expenditure report for one year, based on staff’s explanation that the report is self-reported, not verified, and less useful than State Auditor accountability audits; the motion passed. The committee also approved renaming the JLARC I-900 subcommittee to the “Committee to Hear SAO Performance Audits,” while keeping the opening script noting that the performance audit process exists under Initiative 900. The committee then heard follow-up updates on two prior performance audits. The Department of Health presented a draft strategic management plan in response to findings on hospital inspections, complaints, adverse event review, and hospital data access. JLARC staff reiterated that 72% of hospital inspections were late, that DOH did not verify third-party inspection standards or review adverse event reports, and that complaint data suggested possible language-access barriers. DOH said it concurred with the recommendations, had improved on-time inspection compliance to about 49%, planned annual updates starting in July 2026, and would work on accreditation oversight, complaint-language access, and data accessibility, though members pressed for firmer deadlines and questioned the three-year timeline for language access improvements. The Liquor and Cannabis Board also reported on its cannabis market study recommendation. JLARC staff said the agency’s data were incomplete and unreliable, limiting oversight of production, recalls, tax collection, and diversion. LCB said it had improved its current CCRS system but still relied on self-reported data, and it presented a decision package for a new traceability system estimated at about $9 million over three fiscal years. LCB described a plant-tagging and serialization approach tied to production, processing, testing, and retail, but acknowledged it did not currently have sufficient staff to fully implement the system without additional funding. The committee also received briefings on JLARC’s recommendation-tracking tools and the 2024 public records reporting summary, including a high-level review of agency response rates, request volumes, costs, and litigation. Finally, JLARC presented the proposed final report on the Office of Privacy and Data Protection, concluding that OPDP meets its statutory responsibilities and has high user satisfaction, but that its mandate should be updated to better match its current capacity and focus; the committee adopted the report for distribution. The meeting then moved into the 2025 tax preference performance reviews, where JLARC staff summarized nine reviews and noted that the Citizens Commission on Tax Preference and Performance Measurement endorsed all 17 legislative auditor recommendations, with comments on seven. Early reviews discussed included natural gas transportation fuel preferences, travel agent and tour operator B&O rates, nonprofit low-income housing development, multipurpose senior centers, disabled veteran adaptive housing, and trade convention attendance, with staff and commissioners generally recommending continuation of some preferences, modification of others, and improved objectives or performance measures where needed.

Transcript Highlights:

• There are fees to be had when you issue bonds or fees to be had when you join in developers and developer
• And I think funding could be available.
• Development.
• , Partner with other utilities, state agencies, and developers; develop and participate in energy projects
• Develop and participate in energy projects that promote economic development, energy reliability, and

Summary: The meeting focused on finalizing recommendations from the Delaware Nuclear Energy Task Force, with most of the discussion centered on how the state should organize itself to evaluate and potentially pursue nuclear power. Public commenters strongly supported nuclear energy, emphasizing energy reliability, economic competitiveness, data center demand, and the need for Delaware to act quickly. Several speakers argued that Delaware is falling behind neighboring states and should not delay if it wants to attract developers and preserve access to federal tax incentives. Members then worked through revisions to the recommendations, especially the section on state actions moving forward. There was broad agreement that Delaware needs a clearly empowered leadership structure, but disagreement over the best form: a cabinet-level energy agency, an expanded existing agency such as DENREC, a dedicated coordinator, an expanded Sustainable Energy Utility, or a separate quasi-independent authority. Some members favored a nimble, one-off entity with bonding and financing authority; others cautioned against creating a new body outside state government and stressed the need for coordination with existing agencies, public oversight, and cost discipline. The group also discussed adding responsibilities such as site identification, public engagement, coordination with PJM and federal agencies, and financing tools, while removing or folding in items that seemed duplicative or too broad. The committee also revised earlier modules to broaden the focus from small modular reactors to nuclear power more generally, while keeping the task force’s original SMR work in view. Members agreed to keep recommendations on state and local regulatory readiness, financial mechanisms, permitting coordination, and public engagement, and to add a recommendation for Delaware to participate as an observer in the Advanced Nuclear First Mover Initiative through NASEO and NARUC. The committee approved the revised Module Four recommendations by vote, with one abstention from Tom Noyes. Minutes from the prior meeting were also approved with minor corrections.

Transcript Highlights:

• should have been funded.
• They are funding with counties just putting additional county funds by over 25% of what the state is
• Funding is unlikely at this time.
• or a little over $41 million in general fund in order to fully fund that methodology.
• Therefore, we strongly urge funding for this program and we would urge that it be ongoing funding.

Keywords: 988, house, all

Transcript Highlights:

• <00:29:50.159> to potentially use some of that funding to potentially use some of that funding
• Often the CIP funding is much lower than the actual contract amounts, so when they get to the funding
• <00:42:54.559> shall Constitution that no public funds shall Constitution that no public funds
• For large landowners and developers, or the rights of landowners and developers.
• <01:57:20.880> the okay no I don't think it's to fund the okay no I don't think it's to fund

Keywords: 910, house, all

Summary: The Committee on Water and Land met on March 13, 2025, and first announced that SB 1456 would be deferred to the end of the agenda and ultimately worked on later, with the chair indicating the bill would be deferred and revisited in a future measure. The committee then heard SB 841 on marine life conservation districts. DLNR supported the bill, saying it would fund carrying capacity studies to inform rules and policies. Testimony noted a pilot study already underway at the Puka Marine Life Conservation District and another nearing completion at the old Kona Airport MLCD. Members discussed costs, with DLNR estimating about $300,000 per year for one user-experience study, potentially more for ecological analysis, and also discussed possible funding from the Mālama Kai special fund. DLNR said it had no objection to consulting current operators and other users, and explained the program would be a new, ongoing adaptive-management tool. The committee next heard SB 411 on capital improvement projects at small boat harbors. DLNR supported the intent, saying the bill would help expedite use of special funds for CIP work, while the Department of Budget and Finance opposed it, arguing the draft could conflict with constitutional limits on appropriations. Public testimony from an industry representative supported the bill and urged more collaboration with commercial operators, while committee discussion focused on whether DLNR could already use special funds for repairs, how much engineering and bidding work is required before projects go out to bid, and whether the current process creates bottlenecks when bids exceed initial estimates. DLNR said it can do some repairs and maintenance within existing authority and funding ceilings, but that the bill as drafted could be too broad. The committee also heard SB 5 on historic preservation, where DLNR supported the measure and NAOP Hawaii opposed it, saying the bill’s broader definition could expand the scope beyond the stated goal of narrowing reviews and reducing backlog. The committee then took up SB 1462 on the state historic preservation income tax credit. The Department of Taxation said the revenue estimate assumes the cap would be reached each year the credit is available, and DLNR supported the bill. SHPD said the prior credit had sunset, outreach had previously been done in targeted communities such as Chinatown, and owners of eligible historic properties are notified during review. Finally, the committee heard SB 268 on island burial councils. DLNR supported the bill, and OHA strongly supported it, saying the councils have struggled with quorum and expertise and that the measure would restore the original intent of having lineal descendants and cultural practitioners as decision makers, while still allowing landowners and developers to testify and participate. OHA also said it would help provide technical support and urged continued involvement from SHPD and the Attorney General’s office.

Transcript Highlights:

• . development. development.
• c> the they those fund funds flow through the they those fund funds flow through the government<00
• The funds would be repaid by the developer and redeployed.
• The funds would be repaid by the developer and redeployed.
• The funds would be repaid by the developer and redeployed.

Keywords: Meeting Start 00:00:07 Roll Call 00:00:14 Discussion of Pro-Growth Housing Policies 00:02:01 Discussion of Historic Rehabilitation Tax Credit 01:11:13 Adjournment 01:40:27, 958, all

Summary: The Kentucky Housing Task Force met and heard first from the Kentucky Chamber of Commerce, which presented findings from a housing study done with the Home Builders Association. The chamber said housing is now a major economic-development issue, citing survey results that 90% of community leaders said their region could not absorb a major job announcement and 66% said housing is holding back Kentucky’s economy. The chamber described Kentucky’s housing shortage, rising home prices, declining permits since 2008, and the need for more production to support growth. It urged policy changes including zoning and land-use reform, tax incentives, regional approaches, and especially a residential infrastructure fund modeled on Indiana’s low-interest loan program to help communities finance roads and other infrastructure needed for new housing. Members asked about the severity of the problem, workforce shortages in permitting and construction, the loan interest rate, repayment, and whether Kentucky could replicate Indiana’s results; the witness said the issue is a crisis and that the program would be a revolving public-private partnership, likely around 3% interest, with implementation details still to be worked out. The Kentucky Bankers Association then testified that the housing gap is especially acute for households at 80% of area median income and below, which it said represents about 70% of Kentucky’s housing need. It emphasized that the shortage affects both urban and rural counties and pointed to examples such as Rowan County, where workers at major employers must commute long distances because local housing is unavailable or unaffordable. The bankers said high interest rates remain a major barrier and proposed a $20 million bank commitment for a revolving fund tied to tax credits to finance new housing, not refinances. They cited Hope of the Midwest as an example of a successful tax-credit housing model with a long track record and no defaults, and said the proposal would leverage public-private partnerships to create new units. Committee members questioned how the proposed fund would compare with industrial revenue bonds and whether it could be structured like Kentucky’s tobacco settlement fund, with seed money, a review board, scoring criteria, and possible population thresholds to ensure smaller communities benefit. The bankers said the proposal would be another tool for cities and counties, specifically tied to residential infrastructure, and that larger cities should not be able to capture all of the resources. No formal votes or actions were taken during this portion of the meeting.