Video & Transcript Research : 'premium structure'
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ND
North Dakota 2025-2026 Regular Session
Child Custody Review Task Force Apr 13th, 2026
Transcript Highlights:
- this draft reflects the creation of a committee to study during the next interim the feasibility, structure
- But I think it is part of this to start taking a look at how are you going to structure...
- The structure of a court is going to depend on what rules you think are going to apply to it.
- Because if you put different rules in place, it may not fit the structure.
- And now you've got incorrect structure.
Summary:
The Child Custody Review Task Force met to approve prior minutes and then worked through draft legislation related to a possible family court study committee. The group discussed the proposed 15-member committee’s makeup in detail, including whether to add parent representation, judges, family law section members, child support, clerks of court, domestic violence advocates, and other stakeholders. The task force ultimately agreed to keep the committee at 15 members, reduce the legislative membership from eight to six, add two judges from different districts, add two family law section members with rural and urban representation, include one parent subject to a custody order, and replace the mental health professional with a clerk of court representative appointed through the trial court administrator’s office. The draft was also revised to keep domestic violence advocacy representation and to clarify that the study could consider juvenile court issues as part of the family court umbrella. The committee voted to approve the revised draft and recommend it to Legislative Management, with one recorded “no” vote from Judge Hovey after the meeting resumed.
The task force then turned to a second draft dealing with requiring participation in a family transition program, which was renamed in discussion to a parenting education course. Members debated whether the bill should simply refer to an existing program like Parents Forever or instead specify broader education about the court process, parental rights, co-parenting, and related issues. Some members supported the requirement as a way to reduce conflict and improve understanding of the system, while others raised concerns about vague language, cost to parents, lack of exemptions, and whether the bill was too open-ended or potentially duplicative of other legislation. The discussion became lengthy and unresolved, with the drafter noting that more specific direction would be needed to revise the bill. The transcript cuts off before a final vote or action on this second draft is shown.
KY
Kentucky 2025 Regular Session
Senate Standing Committee on Agriculture (2-13-25)
Transcript Highlights:
- What we’re trying to do is provide a structure so an individual, when we talked about getting insurance
- So we’re trying to provide a structure. Just for a little bit of history, Mr.
- so an individual uh provide a structure so an individual uh when<00:07:39.479>
we <00:07:39.599 - weeding out a bad like the structure weeding out a bad veterinarian<00:07:50.599>
or <00:07:50.800 - <00:08:07.080>
and we're trying to provide a structure and we're trying to provide a structure
Summary:
The Senate Agriculture Committee met to continue discussion of a committee substitute for a bill dealing with non-veterinary equine dental practice. The chair first addressed a procedural issue, saying any handouts distributed without the chair’s approval were improper and would not be part of the official record. The committee then reintroduced and approved the committee substitute by motion and second, before moving into member questions rather than hearing additional public testimony that morning.
Senator Reed asked what testing would be required for state approval and about the bill’s timeline. The response said the bill would rely on an internationally recognized testing model, with education and continuing education requirements, and that the measure included an 18-month period to allow existing practitioners time to comply. Senator Deneen then raised concerns about the grandfather clause, the five-year lookback, and whether the bill could set a precedent that would further encroach on veterinary practice. In response, supporters said the bill was intended to create a structure for a practice that already exists, with training, insurance, a registry, and a grievance process to weed out bad actors while preserving access and affordability for horse owners, especially in rural areas where veterinarians may be scarce or unavailable.
The discussion also included historical context, with members noting the issue had been considered during earlier veterinary modernization efforts and had been worked on through open work groups, surveys, stakeholder meetings, and multiple drafts. Supporters argued that without a regulated framework, some horse owners might not be able to afford veterinary care, which could leave horses untreated. No final vote on the bill itself was described in this portion of the meeting beyond approval of the committee substitute.
MO
Missouri 2026 Regular Session
Higher Education and Workforce Development Jan 20th, 2026 at 12:00 pm
Higher Education and Workforce Development
Transcript Highlights:
- House Bill 2740 puts structure, transparency, and accountability around that mission.
- If the structure delivers value, the legislature, Evaluation point.
- If the structure delivers value, the legislature may renew it. If not, authority expires.
- We will have the balance of it and we'll have the structure to support it.
- And whatever structure you decide as appropriate, That's why you do this.
NH
TX
Transcript Highlights:
- Of the structures themselves.
- than we do in the traditional dual-staircase structures.
- Have there been any studies of the safety of these structures? There have.
- And empirically, did that study find that there were actually fewer deaths in these structures?
- It's essentially different structures, but they very clearly showed that there was...
Bills:
SB208, SB628, SB777, SB1042, SB2354, SB2477, SB2521, SB2523, SB2608, SB2703, SB2778, SB2835, SB2965, SB2367, SB3044
Keywords:
workforce housing, capital investment fund, affordable housing, housing development, Texas housing laws, loan programs, community development, Texas housing, zero-interest loans, low-income housing, nonprofit organizations, construction, economic stability, housing affordability, capital investment, Texas housing policy, county fire code, fire marshal, local government code, interlocal agreement
Summary:
The Senate Committee on Local Government met with a quorum at the start, adopted a two-minute limit for public testimony, and heard a series of housing, local government, fire code, and district-governance bills. Several measures were laid out with committee substitutes, including SB 628 on county fire code administration through interlocal agreements with emergency service districts; SB 208 creating a Workforce Housing Capital Investment Fund for zero-interest loans to nonprofit builders; SB 2835 allowing cities to opt into single-stair apartment buildings; and SB 2477 easing office-to-residential conversions in certain cities. Other bills addressed ESD spending thresholds (SB 2778), hospital district updates (SB 1042), subdivision/platting issues (SB 1708), public housing tax credit eligibility (SB 2608), groundwater district representation for Marfa and Presidio (SB 3044), park board authority in Waller County (SB 2367), ETJ removal procedures (SB 2523), and reporting death certificates to appraisal districts to help address squatting and homestead issues (SB 2521).
Testimony was largely supportive on the housing bills. Supporters of SB 208, including Habitat for Humanity affiliates, a Brownsville nonprofit developer, Texans for Housing, and an educator, said the revolving fund would help nonprofit builders finance land, infrastructure, and development costs for affordable homes, especially for families earning 30% to 80% of area median income. SB 2835 drew support from architects, planners, and housing advocates who argued that single-stair buildings can be safe, more efficient, and better suited to missing-middle housing, though the Texas APA registered qualified opposition, saying the proposal bypasses the usual code-development process and may not be sufficiently studied. SB 2477 also received broad support from housing groups and policy organizations, who said office conversions could help address vacancy and housing shortages, though Corpus Christi raised a concern about fee recovery and local cost reimbursement.
The committee also heard support for SB 628 from a county fire marshal and an ESD representative, who said the bill would reduce duplicate fire-code enforcement and costs. SB 2778 was backed by a Bexar County ESD fire chief, who said the current $2,000 expenditure approval threshold is outdated and slows emergency purchases and repairs. SB 2608 was supported by the El Paso housing authority, which said adding certain Section 8 projects to the at-risk LIHTC set-aside would help renovate aging subsidized housing. SB 3044 was presented as a way to give Marfa and Presidio representation on the groundwater district board while preserving permitting authority. Each bill heard public testimony was left pending subject to the call of the chair, and the committee recessed to reconvene after the Senate adjourns.
NH
New Hampshire 2025 Regular Session
Committee to Study Reducing the Number of School Administrative Units in the State (10/30/25)
Transcript Highlights:
- . >> So, I guess maybe under structure. >> Well, you have cross county law. >> We have about three. >
- "Where is this one education funding structure of..." "The previous sentence."
- "It says the structure of education funding is inequitable because of its basis on... maybe it should
- c> of<00:24:51.360>
education before the structure of education before the structure of education - >> Sure. >> In front of this structure of education. Okay.
Summary:
The committee first reviewed and approved the prior day’s minutes after making several corrections, including changing references to the “majority report,” fixing wording and spelling in the special education section, clarifying language about NAPE scores, and correcting a funding figure from 2,000 to 20,000. Members also agreed to add a sentence noting that the conclusions of the special education study commission should be considered in any consolidation plan. The minutes were then adopted unanimously.
The committee then worked through the minority report, making edits to soften or clarify language. Changes included replacing “partisan” with “participation,” revising a statement about test scores so it reflected that “the minority believes” some committee members lacked a complete understanding, and adding “the minority believes” before a statement that the structure of education funding is inequitable because of its reliance on local property taxes. Members also discussed whether some wording was factual or opinion-based, and agreed to leave some comments in place or make minor wording adjustments.
After discussion, the committee voted on the final report of the majority of the committee, with edits and appendices, and approved it by a 5-2 vote. Representatives Damon and Bricky voted no. Members noted that a minority report would also be included in the final materials. Finally, the committee authorized the committee assistant to make technical corrections, fix remaining typos, and include the minutes of the meeting, and then adjourned.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 2 on Human Services Apr 15th, 2026
Transcript Highlights:
- because I understand there's a structural deficit that the governor wants to solve for.
- And as a result of this 90-10 structure, kind of being more of a penalty structure, it makes qualification
- While structure is important, many grievances are urgent and cannot wait.
- Now, while structure is important, many grievances are urgent and cannot wait.
- We think these will improve the governance structure that is trying to be created under this.
Summary:
The Assembly Budget Subcommittee on Human Services heard testimony on Department of Developmental Services (DDS) and related budget and trailer bill proposals, with a major focus on the impacts of H.R. 1 on people with intellectual and developmental disabilities (IDD). DDS and the Department of Social Services (DSS) said H.R. 1 could affect Medi-Cal and CalFresh access, but that people with disabilities and caregivers are exempt from the work requirements; the administration is working on data matching and automation through the statewide eligibility system to identify exemptions, with June 1, 2026 as the implementation date for CalFresh changes. Witnesses and advocates warned that any loss of Medi-Cal could create fiscal pressure on regional centers and households, while public commenters described the real-life consequences of losing services. Committee members repeatedly expressed concern about cost shifts to counties and asked for harm-mitigation strategies before the May Revision.
The committee also reviewed the governor’s IHSS-related proposals. DSS said the budget would set a baseline for authorized hours, align IHSS disenrollment/reinstatement with Medi-Cal eligibility processes, and eliminate the IHSS backup provider system, while emphasizing that individual service hours would still be based on assessed need. DDS said if a person loses IHSS or Medi-Cal, regional centers may have to step in as payer of last resort for some services, potentially at higher state cost. Members and the Legislative Analyst’s Office questioned whether counties could absorb the proposed shifts without reducing services, and asked for more detail on implementation, data quality controls, and how regional centers could help families navigate disruptions.
A separate trailer bill on DDS rate reform and the Quality Incentive Program drew mixed reactions. DDS proposed extending a contract exemption and delaying final rate reform regulations to 2030, saying the changes are budget-neutral and needed for implementation. DDS reported that about 81% of providers had completed the current Quality Incentive Program requirements, but providers and advocates argued the 90-10 structure can function like a penalty and may destabilize services if providers lose 10% of funding. Committee members asked for clearer assistance to providers, possible flexibility for good-faith efforts, and a redlined version of the language before the May Revision.
The committee also heard DDS’s proposed trailer bill on regional center governance and provider capacity. DDS said the language would consolidate regional center contracts and performance measures, strengthen board training and oversight, require consumer advisory committees, expand independent legal support, raise the threshold for board approval of contracts, and remove barriers such as physical-office requirements and duplicate vendorization. DDS said the goal is to improve accountability and efficiency while preserving person-centered services, and members indicated they wanted further refinement and stakeholder input before moving forward.
MN
Minnesota 2025-2026 Regular Session
House Higher Education Finance and Policy Committee 4/16/26
Higher Education Finance and Policy
Transcript Highlights:
- We have a structural imbalance.
- We've got a massive structural deficit.
- And we do need to fix the structural And we do need to fix the structural part<01:18:09.120>
- <01:39:45.680>
imbalance the structural imbalance the structural imbalance now,<01:39:48.360 - structurally to fix the imbalance. structurally to fix the imbalance.
Bills:
HF4252
Keywords:
higher education, student aid, financial aid, grant programs, scholarships, Office of Higher Education, Minnesota State, University of Minnesota, community college, technical college, postsecondary institution, college affordability, student fees, athletic facilities, competitive athletics, developmental education, remedial courses, pregnant students, parenting students, priority registration
NH
New Hampshire 2025 Regular Session
Commission to Study Stable Tokens (11/12/2025)
Transcript Highlights:
- It's structural clarity.
- Hampshire with our current structure. Hampshire with our current structure. >> Yeah.
- Uh this one backing payment structure.
- want to let people use the AP structure want to let people use the AP structure cynically.<01:17
- >
that <01:22:06.560>the sufficiently well structured that the sufficiently well structured
Summary:
The commission met on November 12 and first approved the September 17 and October 15 draft minutes unanimously after brief discussion. Members also identified themselves for the record, including a new member from Bumpsk Bank, a staff attorney from the Secretary of State’s Bureau of Securities Regulation, a prior crypto commission participant, and a uniform law commissioner involved in tokenization projects.
The main presentation was by UNH law professor Seth Orinberg, who discussed the federal GENIUS Act and the pending Clarity Act and how they affect New Hampshire’s options in the digital asset space. He described the GENIUS Act as governing payment stablecoins/stable tokens, defining them as blockchain-based assets used primarily for payments, redeemable for a fixed amount of national currency, and required to maintain stable value. He said the law creates three possible state roles: hosting federally qualified issuers, becoming a state qualifier for issuers up to a $10 billion threshold, or exploring state-backed issuance as a sovereign. He noted that the state-qualification path would require conforming legislation, examination capacity, and coordination with Treasury, while the sovereign-issuer theory is legally uncertain and may become a test case.
Orinberg also outlined the core compliance framework he said applies to covered issuers: 100% reserve backing in high-quality liquid assets, monthly public reserve reporting, no yield or interest-like rewards, segregation of reserve assets, immediate redemption at face value, and anti-money-laundering/know-your-customer obligations. He then turned to the Clarity Act, describing it as a broader market-structure bill that would create categories such as digital asset, digital commodity, digital security, and ancillary asset, with self-certification procedures for issuers. He said the two federal laws together would separate payments from investments, preempt inconsistent state standards for covered payment stablecoins, and likely reshape the boundaries of state authority over digital assets.
TX
Transcript Highlights:
- Well, here's my structural concern. There are two structural concerns.
- Well, here's my structural concern. There are two structural concerns.
- Well, here's my structural concern. There are two structural concerns.
- Well, here's my structural concern. There are two structural concerns.
- Well, here's my structural concern. There are two structural concerns.
Keywords:
minors, sexually explicit materials, public libraries, age verification, civil penalties, library collection review, alcohol storage, airline permits, beverage regulations, airport, commercial flights, alcoholic beverages, local option election, zoning regulations, municipality control, land use, state law, social media, bot accounts, misinformation
Summary:
The Committee on State Affairs heard several bills, mostly on alcohol regulation, ethics procedures, the Alamo, and free speech in professional associations. SB 2633 would let the City of Garland hold local option elections on alcohol sales within designated zones and use zoning/land-use rules for alcohol-selling businesses; Senator Johnson and Garland officials said it would reduce the burden of the petition process and support economic development. SB 2637 would require social media platforms to disclose when posts are made by bot accounts and allow Attorney General enforcement; supporters framed it as consumer protection against misleading automated content, while members raised questions about how platforms would identify bots and how enforcement would work. SB 2334 would allow airlines with passenger transportation permits to store sealed alcoholic beverages within five miles of an airport in the same county, which the sponsor and an American Airlines witness said would improve logistics without changing permits, taxes, or alcohol sourcing.
The committee also heard SB 2781 and SB 2782, both related to Texas Ethics Commission procedures. SB 2781 would cap civil penalties tied to certain campaign contribution violations by former legislators who later lobby, and SB 2782 would require TEC to adopt discovery control plans and align discovery rules more closely with the Texas Rules of Civil Procedure to limit costly, open-ended discovery. Both bills were left pending after no public testimony. SB 3059 would transfer oversight of the Alamo from the General Land Office to a new Alamo Commission beginning in 2027; Senator Campbell said it would provide long-term stewardship and transparency, while Senator Birdwell questioned the need for a change and the commission’s structure, and GLO witnesses said they were not aware of any problem prompting the shift. HB 1130, a House companion to a previously passed Senate bill, would provide liability protections for cavern entities that post warning signs, and it was also left pending.
A major portion of the meeting focused on SB 2713, which would bar professional or trade associations from denying membership or access based on protected characteristics or lawful speech and assembly. Senator Middleton and invited witnesses described disciplinary actions by realtor associations against members for social media posts, sermons, or political speech, arguing that the National Association of Realtors’ ethics rules were being used to punish private expression and threaten livelihoods through loss of MLS access. Committee members and witnesses discussed whether the bill should be narrowed to avoid affecting religious organizations, how association discipline works, and whether the measure should address existing penalties or only future conduct. The bill was left pending after extensive invited testimony and committee discussion.
MN
Minnesota 2025-2026 Regular Session
Committee on Health and Human Services - 04/14/26
Health and Human Services
Transcript Highlights:
- pieces of that structure. pieces of that structure.
- <01:08:25.000>
financial long-standing structural financial long-standing structural financial - And uh just talk briefly about uh the capital structure.
- When we say capital, capital structure.
- And on top of that, way it's structured?
MN
Transcript Highlights:
- >
mutual <00:18:28.320>accountability structure and the mutual accountability structure - <00:37:22.359>
really uh that horizontal structure really uh that horizontal structure really - So that's structuring the deal, but you also need to structure the cooperative.
- <00:46:07.120>
So, positively to a structure phase. So, positively to a structure phase. - also need to structure the but you also need to structure the cooperative.<00:46:26.960>
And <
MN
Transcript Highlights:
- structured literacy. structured literacy.
- <00:19:51.840>
for support building support structure for support building support structure - strong implementation structures. strong implementation structures.
- <01:03:43.120>
literacy evidence-based structured literacy evidence-based structured literacy - reading, evidence-based, structured reading, evidence-based, structured literacy<01:09:54.360>
NH
New Hampshire 2026 Regular Session
House Public Works and Highways (02/03/2026)
Public Works and Highways
Transcript Highlights:
- It is a structurally deficient bridge.
- :46.400>
are <00:21:46.559>these how structurally efficient are these how structurally - <00:22:33.039>
So considered structurally deficient. - So considered structurally deficient.
- <00:23:00.720>
There's structurally deficient list. There's structurally deficient list.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 4 on Climate Crisis, Resources, Energy, and Transportation Feb 26th, 2025
Transcript Highlights:
- I'm going to build on the comments we made in our committee hearing last week on the overall structure
- Do you want the funding to go deep and have fewer structures that are protected but have more of them
- If we wanted to prioritize structure risk mitigation as compared to watershed.
- And you or anybody else that wants to, the proximity to the structure that, the structures that we're
- Many buildings are old and inefficient, lacking operational and structural efficiencies.
FL
Transcript Highlights:
- The second issue addressed in the strike-all concerns an emerging fee structure imposed by developers
- Because of this ownership structure, they have continuously occupied the entire board, including two
- Because of this ownership structure, they have continuously occupied the entire board, including two
- Without this bill, homeowners in the small, structurally imbalanced HOA have no meaningful remedy.
- Without this bill, homeowners in the small, structurally imbalanced HOA have no meaningful remedy.
Keywords:
temporary door locking device, emergency safety, building code, training programs, fire exit security, utility services, municipal agreements, public meetings, rates and fees, public service commission, municipal utility, water service, wastewater service, property owners, annexation, civil action, community associations, condominium, homeowners associations, structural integrity
Summary:
The Committee on Regulated Industries met with a quorum and took up four bills. First, it considered SB 1724 on municipal utility services. Senator Martin offered a late-filed delete-everything amendment that would require annual customer meetings for extraterritorial utility customers, cap use of gross utility revenues for general government at 10%, eliminate a 25% surcharge on customers outside city limits, reduce the rate differential cap from 50% to 25%, remove municipal natural gas utilities from the bill, and preserve certain existing bond-related surcharges until debt is retired or refinanced. The League of Cities raised implementation concerns about the July 1, 2026 effective date and the need for rate studies and budget adjustments. The amendment was adopted and the committee reported CS/SB 1724 favorably.
The committee then heard SB 936 on temporary door locking devices from Senator McLean. The bill would define temporary door locking devices, allow them to be installed at any height, require the Florida Building Commission to add standards to the Florida Building Code, and require their use to be incorporated into safety plans, drills, and training. With no opposition or amendments, SB 936 was reported favorably.
Next, the committee considered SB 1014 by Senator Mayfield, which would prohibit municipalities from refusing water or wastewater service solely because a property owner will not annex, and would require service expansion when a property is near a municipal main line, not served by another utility, and the utility has capacity. A committee amendment narrowed the bill to properties near a main line and reduced the distance threshold from 2,000 meters to one-half mile. The Florida League of Cities opposed the bill as amended, citing concerns about property size, annexation conflicts, enclave creation, and possible revenue impacts, but the bill was reported favorably.
Finally, the committee heard SB 1498 on community associations from Chair Bradley. A strike-all amendment revised technical provisions on video conference recordings, turnover inspection reports, SIRS references, and electronic voting, and added two major policy changes: requiring associations to provide records to law enforcement and prosecutors and creating a second-degree misdemeanor for willful refusal, and prohibiting mandatory club or amenity fee schemes controlled by developers or third parties that generate profit beyond proportional expenses. Testimony in support described homeowner disputes involving concentrated board control, lack of transparency, and mandatory fees in communities such as Rosedale. The amendment was adopted and CS/SB 1498 was reported favorably. At the end of the meeting, Senator Bracey Davis asked to be recorded voting in the affirmative on tabs 1, 2, and 3, and the committee adjourned.
TX
Transcript Highlights:
- Additionally the state board works to ensure that to that the state flood control structures are in good
- Structure and urban expansion increased the need for repair.
- And I'd add that's TCEQ that's identified those structures just not meeting the standards.
- You may not have a structure in your county, but look above you, and you're relying on these structures
- The $150 million with our current structure and our current staffing is appropriate to what we believe
Keywords:
food production, property owners' association, home gardening, cottage food, urban agriculture, livestock, community standards, renewable energy, ethanol, biodiesel, incentives, agriculture, grants, honey production, beekeeping, food safety, local regulation, energy efficiency, tax exemption, residential properties
NH
Transcript Highlights:
- So, it doesn't look like structure.
- We need structural and pervasive.
- >
of structure. - That existing structure of structure.
- end quote means a structure structure end quote means a structure existing<05:14:48.160>
on <05
Summary:
The committee heard public testimony on HB 1065, a housing bill that would clarify when multifamily and mixed-use housing may be allowed on commercially zoned land, define infrastructure standards, and preserve municipal discretion over where such development can occur. Prime sponsor Representative David Priest said the bill is intended to help address the housing shortage by using already developed commercial areas without overriding local planning. The New Hampshire Municipal Association, through Brody Dees, said it supports the bill and views it as a priority, but noted it is still discussing related language with stakeholders and wants clearer definitions for multifamily development, infrastructure, and adaptive reuse while preserving local control over commercial land use.
Testimony was mixed. Ivy Van, a certified planner, opposed the bill because she said the infrastructure language is too restrictive and could exclude properties served by private utilities or septic systems. Chris Freeman, a housing provider, was generally supportive but recommended technical changes, arguing the infrastructure definition may be too broad and that the adaptive reuse language could unintentionally block useful building modifications. He said the bill should be clarified so it does not discourage reuse projects.
The committee then moved to discussion of an accessory dwelling unit bill, with Representative Turkot describing changes that would shift some ADU approvals from a matter of right to conditional use or special exception, allow municipalities more control over attached versus detached units, set parking standards tied to single-family dwellings, and adjust size limits. He argued the bill would restore local discretion and prevent ADUs from becoming primarily rental units. Representative Reed pushed back, saying detached ADUs can help meet housing needs and provide opportunities for small landlords, while other members questioned how the bill would affect existing detached structures and breezeways. No votes were taken in the excerpt, and the chair also noted a recess and time limits for later testimony.
MN
Minnesota 2025-2026 Regular Session
Grant for lender serving underserved entrepreneurs 3/3/26
Minnesota House Floor Meeting
Transcript Highlights:
- And to them, every loan we structure represents a business stabilized, jobs created or retained, wealth
- We<00:04:08.480>
structure <00:04:08.879>flexible <00:04:09.760>debt <00:04:10.080 - >
products, We structure flexible debt products, We structure flexible debt products, leverage - >
business structure represents a business structure represents a business stabilized,<00:04:27.600 - ,<00:05:02.400>
expand <00:05:02.960>partnerships structures, expand partnerships structures
Summary:
House File 2581 was presented as a request for a $1 million state investment in Fortis Capital, a Minnesota nonprofit economic development lender. The bill was described as supporting entrepreneurship and wealth-building by expanding access to capital for businesses that are underserved by traditional lending, especially in rural areas, communities of color, immigrant communities, and low-wealth areas. Testifiers argued that conventional underwriting standards leave viable businesses without financing and that Fortis provides flexible gap financing to help deals close, complementing rather than replacing banks and CDFIs.
Brian Smith, co-founder and CEO of Fortis Capital, said the organization was established in 2019 and has deployed 37 loans totaling over $4 million since 2021, leveraging an additional $29.5 million through partnerships. He said Fortis seeks to increase lending capacity, reduce risk in innovative capital structures, expand statewide partnerships, and accelerate small business growth and job creation. In response to questions, he said Fortis typically charges about 6.12% on average, has had two defaults, and operates as a revolving loan fund. He also explained that Fortis already participates in some Department of Employment and Economic Development programs, but is not eligible for certain grant programs because those grants go directly to borrowers.
Committee members asked how the proposal fits with existing state economic development efforts and whether competitive grant programs exist for this kind of work. A DED representative said he would need more detail to compare the proposal to agency programs, though he mentioned the emerging entrepreneur loan program as a possible fit. Members also discussed broader concerns about direct appropriations versus competitive grants. No public testimony was offered. Chair Frasier closed by saying the bill addresses a real need and laid House File 2581 over for possible inclusion in a budget bill.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 4 on Climate Crisis, Resources, Energy, and Transportation Apr 22nd, 2026
Transcript Highlights:
- So if the goal of eliminating positions is to help address the structural budget I think.
- I'm sorry, we've been able to read that structure in advance. I'm going to ask you to move quicker.
- Ontario had most of their structures funded in phases.
- So Ontario had most of their structures funded in phases.
- Are we going to be removing things when we go to do the underground parking structure as a result?
Summary:
The meeting began with a lengthy opening discussion with Secretary Karen Ross of the Department of Food and Agriculture, who reviewed the department’s proposed budget, emphasized California agriculture’s record output, and highlighted major priorities including climate-smart agriculture, groundwater management, local food systems, farm-to-school, food hubs, invasive pest prevention, bird flu response, and food safety. She also warned about federal budget cuts, especially at USDA and FDA, and discussed market access challenges abroad, rising input costs, labor shortages, and the need for automation and workforce training. Members raised questions about the future of Farm to School, the California Nutrition Incentive Program/Market Match, local food procurement, and how to better connect farmers to schools, food banks, and food hubs; Ross said the department had strong evidence the program benefits small farms and Title I schools and noted continued interest in building out local food infrastructure.
The committee then took up item one on eliminating vacant positions at the Departments of Fish and Wildlife, Parks and Recreation, and Food and Agriculture. The Legislative Analyst’s Office explained that the Governor proposed eliminating 6,000 vacant positions statewide, with the Joint Legislative Budget Committee previously rejecting 650 of them, including 174 in these three departments. LAO and Finance said the vacancies represented a source of budget flexibility, but warned that eliminating them could create program impacts; LAO recommended retaining the special-funded positions at Fish and Wildlife and Food and Agriculture, while weighing the General Fund positions against other priorities. Finance argued the reductions were part of a broader budget-resiliency exercise and that departments could reclassify or shift vacancies to higher priorities.
Members focused heavily on the practical impacts of the cuts. Assemblymember Petrie-Norris argued that Fish and Wildlife staffing shortages were already slowing permits needed for housing, clean energy, water, and transportation projects, and questioned the value of saving relatively small amounts of money. Fish and Wildlife officials said the department had prioritized mission-critical work and could still meet permitting obligations, but acknowledged limited-term staffing constraints. State Parks said the proposed ranger and maintenance cuts would not have immediate effects but could slow maintenance and eventually worsen deferred maintenance. Food and Agriculture said some of the eliminated positions supported early pest detection and eradication, but that the department believed it could still meet its mandate and reclassify positions if needed. The chair and several members signaled concern about the Fish and Wildlife and Parks cuts, while also noting the broader need for budget reductions.
The committee then moved to item six, hearing an overview from the Governor’s Office of Land Use and Climate Innovation. Staff described the office’s role in CEQA implementation and said the budget requests were baseline funding to maintain existing functions, including IT services and administrative/legislative support, rather than new programs. The chair asked the presenters to move quickly through background material so the committee could get to questions, and the item began with no votes taken during the meeting.