Transcript Highlights:

• Good morning, Co-Chairman Francis and Co-Chairman Lee, and to the members of the Capital Investment Committee
• amazing for greater Minnesota because we know, you know, it's a geographic spread on who can get to the capital
• who can<00:18:25.560> get<00:18:25.760> to<00:18:25.840> the<00:18:25.920> capital
• to<00:18:26.600> ask<00:18:26.840> for<00:18:27.000> funds can get to the capital
• to ask for funds can get to the capital to ask for funds for<00:18:27.480> their<00:18:27.640

Keywords: 1183, house

Transcript Highlights:

• Do this in 2025 with $191 million annual operating budget and a $276 million capital program.
• through a stagnant Public Water System Supervision, or PWSS, grant, and a decreasing base DWSS. capitalization
• states will experience major funding cuts and without full restoration of state revolving fund-based capital
• So as I said, we've worked with them since the 1990s and they've evolved every year looking at our capital
• plan, looking at the capital plan of other communities like Columbus.

Keywords: Infrastructure Investment and Jobs Act, water infrastructure, lead service lines, federal reauthorization, sustainability, cybersecurity

Summary: The meeting primarily focused on discussions surrounding the Infrastructure Investment and Jobs Act (IIJA) and its implications for local water systems. Various witnesses highlighted the transformative impact of the bipartisan infrastructure law, which has provided an unprecedented amount of funding to help address long-standing issues in drinking water infrastructure, particularly concerning lead service line replacements and sustainability in water management. The discussions emphasized the urgent need for federal reauthorization to continue supporting these initiatives, as many rural and disadvantaged communities still face substantial barriers in upgrading their water systems. Additionally, cybersecurity risks were noted, raising concerns over the vulnerability of water systems across the nation.

Transcript Highlights:

• So, all that to say, those are the two things: the equipment need and the quick loan, quick capital,
• particularly for the smaller MUNs or co-ops that need access to that capital to go build that $15 million
• … capital to go build that $15 million substation that said project needs, and they've got to come up
• It allowed and opened the door for research, development, and capital investment into a multi-billion
• a bare knuckle fight up in Arkansas for the last week, and so it was comforting to come back to a capital

Keywords: 923, senate, all

Transcript Highlights:

• So welcome to your capital, East Montgomery County. Today I celebrate you. Chair recognizes Mr.
• We have Alpha Phi Alpha Dei, Alpha Dei Capital Chairman, Mr.
• representative Ron Reynolds said and welcoming the brothers of Alpha Phi Alpha here at our state camp state capital
• so if you see one of these gentlemen, know that they're here not just as a... way to get to their capital
• committee on public education hb 688 by Thompson relating to the applicability of death penalty the capital

Keywords: 1184, house, all

Transcript Highlights:

• Watson,<00:03:40.840> one<00:03:40.960> of<00:03:41.040> our<00:03:41.240> capital
• <00:03:41.600> police >> David Watson, one of our capital police >> David Watson
• , one of our capital police officers,<00:03:42.160> he<00:03:42.280> brought<00:03:42.480

Keywords: MS House Floor - 3 April, 2026; 9:00 AM, 925, all

Transcript Highlights:

• Committee substitute for House Bill 398 would amend the Insurance Holding Company law to allow for group capital
• guidelines for DFA and state agencies to safeguard and manage fund disbursements to local entities of capital
• in determining whether or not to allow the entity to be able to move forward in managing its own capital

Transcript Highlights:

• something that got brought up at two of those events was, well, look at how big of a disaster the capital
• gains Well, look at how big of a disaster the capital gains, you know, situation was.
• Perhaps like it was with the capital gains tax, that modeling was simplistic.
• Was with the capital gains tax. That modeling was simplistic.

Summary: The Budget Committee met in executive session and took up Senate Bill 1470, as amended by a House committee substitute. The bill would update statutes governing the Joint Committee on Legislative Research and its oversight functions. The chair and sponsor described several changes, including reducing the committee from 20 members to 12, adding chamber leadership and minority leaders, allowing electronic delivery of reports, updating references to public colleges and universities, and clarifying that the committee’s role is focused on revision bills rather than general bill drafting. A major point of discussion was a new provision allowing legislative oversight staff to access certain Department of Revenue tax-return information for fiscal note work, subject to confidentiality rules and criminal penalties for misuse. Supporters said this would let staff independently verify tax-policy assumptions and improve the accuracy of fiscal notes, citing past large errors in fiscal estimates. Members raised concerns about protecting taxpayer privacy and asked how the information would be used; the sponsor said only the director and authorized employees would have access, not committee members, and that existing confidentiality oaths and penalties would apply. The committee also discussed post-implementation fiscal notes, which would review whether earlier fiscal estimates matched actual results after two years. Members asked how those reports would be shared, and the sponsor said the bill leaves that to the committee to work out. Another section striking language about staff opposing or urging legislation was explained as cleanup, since the committee no longer drafts general legislation and would only draft revision bills. The committee adopted the House committee substitute and then voted the bill do pass by a roll call of 25 yes and 1 no.

Transcript Highlights:

• Representative Anderson moves that House File 770 be recalled from the Committee on Capital Investment
• 770 be recalled from the<00:10:14.399> committee<00:10:14.760> on<00:10:15.000> capital
• <00:10:15.519> investment<00:10:16.320> and the committee on capital investment and
• the committee on capital investment and be<00:10:16.680> re-referred<00:10:17.399> to<

Keywords: 1183, house

Transcript Highlights:

• I'm always proud to receive them here at our capital.
• How many of you know what the capital of the Republic of Texas was? Anybody?
• Okay, well it was Harrisburg and it was made the capital in 1835.
• Occupational Therapists, Occupational Therapy Assistants, and Occupational from across Texas to your capital

Bills: SB2, SJR36, SB2, SR19, SR27, SR30, SR32, SCR11

Keywords: Houston East End, Chamber of Commerce, East End Day, economic development, community involvement, scholarships, business events, McAllen, celebration, community pride, cultural events, economic growth, McAllen Day, community recognition, South Texas, local pride, Wise County Day, Texas Senate, Wise County, state recognition

Transcript Highlights:

• Dave Nicholas here in the capital city. Mike Shaw, president, in the Annex.
• <00:00:52.239> the okay Dave Nicholas uh here in the okay Dave Nicholas uh here in the capital
• 54.440> Shaw<00:00:55.440> president<00:00:55.760> in<00:00:55.879> the capital
• city Mike Shaw president in the capital city Mike Shaw president in the annex<00:00:57.160> Marie

Keywords: 958, all

Summary: The Kentucky Legislative Ethics Commission met on January 14, 2025, with a quorum present in person and by Zoom. The commission swore in new member Representative Jeff Greer, with Judge Willhoit administering the oath. Members then approved the minutes from the November 19, 2024 meeting without changes. Staff reported that the commission remained within budget for the year to date, noting a refund related to an earlier overcharge for record center storage fees. The commission approved the financial report. Emily also introduced new general counsel Steven Pum, who began work on December 16 and is handling financial disclosures and informal staff opinions. Staff gave updates on recent training, including the December 3 new legislator orientation and the January 8 current issues seminar, which featured former U.S. Attorney David Devillers discussing the House Bill 6 scandal. Donita reported on technology and communications improvements, including the new Zoom-capable conference room setup and the Constant Contact email system now being used for newsletters and reminder emails to employers, lobbyists, and the media. She said both systems were working well, and that the office was busy with financial and lobbyist forms. The commission noted that several informal opinions were available in the binder and could be discussed in closed session if needed. The members then voted to enter executive session under KRS 61.810(1)(c) and (k) to discuss confidential complaints and informal opinions.

Transcript Highlights:

• If we want to reinvigorate, redefine our school system, we have to be able to fund capital construction
• If we want to reinvigorate, redefine our school system, we have to be able to fund capital construction
• If we want to reinvigorate, redefine our school system, we have to be able to fund capital construction
• If we want to reinvigorate, redefine our school system, we have to be able to fund capital construction
• <01:41:22.400> investments and we talk about capital investments and we talk about capital

Keywords: 927, senate, all

Transcript Highlights:

• committee and they receive quarterly reports on all the capital projects.
• on all the capital projects.
• The member said the capital project reports are done line by line and are multiple pages.
• <01:21:17.040> Not in your capital budget requests? Not in your capital budget requests?
• there that are really large capital there that are really large capital expenditures.<01:23:04.239

Keywords: 928, house, all

Summary: The committee took up House Bill 74, which would require agencies issuing certain real-property-related permits to track and report how many permits they issue and how long the process takes. Representative Carol McGuire introduced the bill and said the goal is to gather data on permit timing and fees, especially for DES and DOT permits involving wetlands, alteration of terrain, driveway permits, and similar approvals. Supporters argued the state needs better visibility into permitting delays and whether statutory deadlines are realistic; they also noted the bill had passed the House on a voice vote with no debate. Adam Crapo of the Department of Environmental Services said DES is generally supportive of the reporting concept but warned that the agency’s data are spread across many separate, partly manual databases. He said DES can already do this for some land resources permits through its new system, but not across all of its more than 90 permit types without additional help. DES estimated it would need two part-time positions to compile the reports, especially for waste management and water programs, and said otherwise existing permitting staff would have to do the work, potentially slowing permit processing. He also said the agency is already working to simplify rules and move more permits onto a new online platform, but could not meet the bill’s 2026 reporting deadline with current staffing and systems. Committee members questioned whether delays are often caused by incomplete applications rather than agency inaction, and Crapo said that is frequently the case. He said DES already tracks timelines to some extent for management and statutory compliance, but not at the individual-permit detail the bill would require. He also said some letters and records are captured in One Stop, but not all are. Members expressed support for the bill’s transparency goals while also worrying about added workload and possible slowdowns. The discussion then moved to DOT, where Susan Clawson said DOT is neutral on the bill because it recently implemented Salesforce and now has good data for reporting; DOT’s fiscal note reflects software-related costs, but the agency can already track the required information in its system.

Transcript Highlights:

• There are agricultural capital investment, education, energy, natural resources, housing, and veterans
• So if you have a wage income or a capital gain or something, that will also be included, kind of all
• Businesses can have exemptions for certain capital equipment, farm machinery, and certain inputs.
• <00:51:37.319> Equipment exemptions for certain Capital Equipment exemptions for certain Capital
• And these taxes usually fund specific capital projects, but may not sunset.

Keywords: 1183, house

Summary: The House Tax Committee met for an organizational and orientation session. Members and staff introduced themselves, with several lawmakers noting their districts, business backgrounds, and interest in tax policy. Chair Greg Davids then opened the committee’s first substantive item: a presentation from House Research and House Fiscal staff on how the committee works and on basic tax concepts. House Research staff Sean Williams and Chris Clayman explained their roles in drafting bills and amendments, writing bill summaries, answering legal and policy questions, and modeling tax proposals. They also described the committee’s key documents, including partisan and nonpartisan bill summaries, revenue estimates, fiscal notes, and supporting materials. Their presentation covered core tax concepts such as tax bases, rates, deductions, exemptions, credits, tax revenues, and tax expenditures, emphasizing that tax expenditures function like spending through the tax code and are reviewed by a legislative commission. The staff then reviewed Minnesota’s major taxes, focusing on the individual income tax and business taxation. They explained that Minnesota’s individual income tax starts with federal adjusted gross income, then applies state additions, deductions, subtractions, and credits, and that the state’s income tax brackets and rates are set separately from federal law. They also outlined the difference between corporate franchise taxes for C corporations and individual income tax treatment for pass-through entities, and discussed how the federal SALT cap led Minnesota and other states to adopt pass-through entity taxes so businesses could preserve federal deductibility of state taxes. Members asked questions about a duplicate “marriage penalty” entry on a slide, the purpose of Minnesota’s marriage penalty credit, comparisons with other states, and the timing and effect of the pass-through entity tax; staff answered that the duplicate was a mistake, the credit offsets bracket-related marriage penalties, and the pass-through entity tax was adopted in response to the federal SALT cap.

Transcript Highlights:

• order to shift a refinery from renewable diesel to produce sustainable aviation fuel, significant capital
• order to shift a refinery from renewable diesel to produce sustainable aviation fuel, significant capital
• But they don't have the capital to invest in infrastructure and equipment to do that.
• legislature to appropriate the planned $230 million in GGRF funding for the zero-emission transit capital
• program and establish funding certainty for the transit and inter-city rail capital program and the

Summary: The meeting began with a budget subcommittee hearing on a proposed sustainable aviation fuel (SAF) tax credit trailer bill. Assembly Members Ávila Farías and another member spoke in support, emphasizing union jobs, refinery investments, and the need to decarbonize aviation. The Department of Finance said the Governor’s proposal would provide a $1 to $2 per gallon credit against the diesel excise tax for SAF sold in California from 2026 to 2036. The Legislative Analyst’s Office recommended rejecting the proposal, arguing it is a relatively expensive way to reduce emissions, has uncertain environmental benefits, could significantly reduce transportation revenues, and conflicts with the spirit of voter restrictions on transportation taxes. Committee members questioned whether the credit would mainly benefit out-of-state producers, whether firms would have diesel tax liability to use the credit, and whether the proposal would shift production away from renewable diesel and raise fuel prices. Administration and CARB staff said the credit is intended to support aviation decarbonization, preserve jobs, and help keep California on track toward its 2045 climate goals. LAO and UC Berkeley testimony countered that the policy could mostly subsidize existing technologies, that feedstock supply is limited, and that the net emissions benefit may be small relative to the cost. Members also asked about the effect on local streets and roads, SHOP, and trade corridor funding; Finance estimated a $165 million annual revenue impact would reduce those programs, while LAO said the reductions would mean fewer projects over time. No vote was taken, and the chair said the issue would remain open for further discussion. The committee then moved to a zero-emission vehicle incentive trailer bill proposing a one-time $200 million appropriation to CARB for a new point-of-sale incentive program focused on first-time buyers and leases of new and used light-duty ZEVs. Supporters said the program would help offset the loss of the federal EV tax credit, maintain momentum in California’s ZEV transition, and use a one-to-one match with participating automakers to double the state’s investment. LAO recommended rejection, saying the proposal does not meet the high budget bar this year, lacks enough program detail to evaluate, is unlikely to move sales significantly given the size of the appropriation, and could duplicate existing state and utility programs. Members asked about current incentives across light-, medium-, and heavy-duty sectors, the recent decline in ZEV sales, and whether the program would help lower-income buyers rather than subsidize purchases that would have happened anyway. CARB said the proposal is meant to fill a gap in the light-duty market, where sales fell sharply after the federal credit expired, and noted existing programs for other vehicle classes. The Department of Finance also addressed a separate question about the Motor Vehicle Account, saying a previously planned GGRF transfer was no longer needed because updated forecasts showed the fund had sufficient balances, though LAO said the account still has a structural long-term imbalance. The discussion ended before any vote or action on the ZEV proposal.

Transcript Highlights:

• the motion prevails, and Senate File 1339 is recommended to pass and referred to the Committee on Capital
• <00:36:51.960> the<00:36:52.040> committee<00:36:52.359> on<00:36:52.560> capital
• <00:36:52.920> investment to the committee on capital investment to the committee on capital
• <00:37:02.920> the<00:37:03.000> committee<00:37:03.280> on<00:37:03.440> capital
• referred to the committee on capital referred to the committee on capital investment<00:37:04.720

Keywords: 1187, senate, all

Transcript Highlights:

• Some of the other highlights include a new fund for major higher education capital projects.
• And then you've continued your capital outlay reform with limits on reauthorizations and how you'll
• take up New capital outlay appropriations.
• Historically large investments in direct economic development as opposed to human capital investments
• Capital outlay is about 2.1 billion between statewide GOB and member share through a mix of different

Transcript Highlights:

• Reducing capital cost now has reached about $35.66 billion for the Merced to Bakersfield early operating
• It also enables meaningful public-private partnerships where private capital can take on risks, bring
• If you're able to raise a lot of that private capital, we talked about that earlier.
• When you go into private capital, they're going to ask you the point-blank question: How long will it
• That obviously takes significant capital up front, as we’ve talked about.

Keywords: 987, senate, all

Transcript Highlights:

• Reducing capital cost now has reached about $35.66 billion for the Merced to Bakersfield early operating
• It also enables meaningful public-private partnerships where private capital can take on risks, bring
• If you're able to raise a lot of that private capital, we talked about that earlier.
• When you go into private capital, they're going to ask you the point-blank question: how long will it
• That obviously takes significant capital up front, as we’ve talked about.

Summary: The Senate Transportation Committee held an informational hearing on the California High-Speed Rail Authority’s 2026 draft business plan and next steps for the project. Chair Cortese opened by noting major changes since the 2024 plan, including new leadership, a bottoms-up review, scope changes in the Central Valley, loss of federal funds, and renewed interest in private investment and value capture. The Authority’s CEO, Ian Chaudhary, presented the project as moving into a construction and track-laying phase, citing progress on Central Valley structures, right-of-way acquisition, utility relocations, and a new procurement for track and systems. He said the plan reflects a more disciplined, optimized approach, with the Merced-to-Bakersfield segment targeted for revenue service around 2033 and the broader Phase 1 corridor envisioned as commercially viable through ancillary revenues, public-private partnerships, and future private financing. Committee members questioned the Authority about station relocations, single-tracking, tax increment financing, utility relocation authority, transparency, and the feasibility of private financing. Chaudhary said the Merced and Bakersfield station locations were still under discussion with local governments and that no contracts had been finalized. He defended the reduced scope and single-track approach as a just-in-time strategy to avoid overbuilding, while maintaining high-speed standards. He also said the Authority was exploring land value capture, broadband, energy, and other corridor-based revenue sources, but acknowledged that some tools would require legislative action and that private financing options were still being evaluated. Several senators expressed support for the project but raised concerns about permitting delays, local opposition, constitutional and statutory limits, and the need for stronger accountability. The Legislative Analyst’s Office and the High-Speed Rail Inspector General then gave critical assessments of the draft plan. LAO staff said the plan assumes major statutory changes, understates risk, lacks transparency about scope changes, and may not fully fund even the smaller Merced-to-Bakersfield segment once borrowing costs and other uncertainties are considered. Inspector General Ben Belknap said the draft plan does not comply with newer statutory requirements in SB 198 and AB 377, citing three main deficiencies: unauthorized scope changes to the Merced-to-Bakersfield segment, an inadequate funding plan that omits financing costs, and missing procurement milestone dates. He said the Authority’s presentation obscures the true cost and schedule impacts of the project changes, and that incomplete reporting limits legislative oversight. The Authority responded that it would address the OIG’s findings in the final business plan, and committee members indicated they expected a written response on compliance issues.

Transcript Highlights:

• The agency requested to increase their capital budget.
• The agency requested to increase their capital budget authority by using student loan funds notwithstanding
• The Available University Fund, or AUF, is a constitutional fund that provides capital funding for certain
• which represents a decrease of $1.4 billion, primarily tied to one-time funding and a decrease in capital
• page 12 of your document, you talk about Texas Tech University Health Science Center at El Paso's capital

Bills: SB1, SB 1

Keywords: appropriations, budget, state funding, education, healthcare, infrastructure, campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards, 1185, senate, all

Transcript Highlights:

• Adra O'Corel with United Way California Capital Region, covering Amador, Placer, Yolo, and Sacramento
• Chris Strong with Capital Avese on behalf of ChargePoint in opposition. Thanks.
• Thank you, Chair and members Chris Strong with Capital Avese on behalf of Charge Point in Opposition.
• So by implication, it's putting them in a position where they have to now put into their capital plan
• I worry we're going to chase away capital at a time when, again, we have 7% penetration.

Keywords: 987, senate, all