Transcript Highlights:

• In order to facilitate the goal of this hearing as much as possible for the public, within the limits
• These products are often marketed to small businesses with limited options, but buried in the fine print
• And let's be clear about what this is: this is interest on bonds that the state has already issued.
• So California bonds are primarily held by individuals.
• housing bond, no support for Senator Hertzberg's bond, no future school facilities bonds—or the proponents

Summary: The Assembly Banking and Finance Committee met and first approved the consent calendar, which included AB 2028, AB 2425, and committee bill AB 2795, all sent to the Committee on Appropriations. The committee also noted that AB 2558 and AB 2746 had been pulled from the agenda. The chair reviewed hearing procedures, including acceptance of written testimony and rules against disruptive conduct. The committee then heard AB 2116, which would require registration and basic conduct standards for certain small-business financing providers, including merchant cash advance companies, and prohibit confessions of judgment and power-of-attorney provisions before default. Supporters argued the bill would close an oversight gap and improve transparency for small businesses; a small business owner testified that a purported 13% loan turned out to have a 235% APR. Opponents said the bill mixed consumer and commercial regulation and could restrict access to capital, though they supported banning confessions of judgment. The bill passed on a roll call vote and was sent to Appropriations. AB 2243, by Assembly Member Haney, proposed creating a state bank commission to study whether California should establish a state bank or other public financing tools. Supporters said a public banking model could reduce borrowing costs, keep more public money in-state, and better finance housing, infrastructure, and other public priorities; opponents from banking groups raised concerns about taxpayer exposure, deposit guarantees, and the use of public funds and existing lending structures. The bill passed and was sent to Appropriations. The committee also heard AB 2350, which would set guardrails on rent-now-pay-later products for rental housing; supporters said these products can lead to high fees, debt, and eviction risk, while industry groups opposed the bill unless amended. AB 2350 passed as amended and was sent to Appropriations. At the end of the meeting, the committee completed roll calls for absent members and adjourned.

Transcript Highlights:

• Within the limits of our time, we will not permit conduct that disrupts, disturbs, or otherwise impedes
• These products are often marketed to small businesses with limited options, but buried in the fine print
• And let's be clear about what this is: this is interest on bonds that the state has already issued.
• So California bonds are primarily held by individuals.
• housing bond, no support for Senator Hertzberg's bond, no future school facilities bonds—or the proponents

Committee: House Banking and Finance

Keywords: 988, house, all

Transcript Highlights:

• and revenue bonds.
• The maximum term of those bond issues under current law is 40 years.
• The financing is limited to a percentage of the cost of the total asset.
• Who in the world would ever think a 75-year transit bond was a good idea?
• And then there's the securitization of this bond.

Summary: The Senate Transportation Committee held public hearings on several bills. Substitute Senate Bill 5690 would require WSDOT to give utility owners advance notice of fish barrier removal and other projects, seek federal funding for those projects when available, and report back to the Legislature; supporters said it would help small utilities plan for costly relocations, while WSDOT said the bill would not achieve its intended effect and that federal reimbursement for these costs is limited. The committee also heard Engrossed Senate Bill 5746, which would create or continue an advisory process on EV charger infrastructure property crime; the sponsor and supporters said it would help address vandalism and theft affecting charging access, and testimony was overwhelmingly in favor. Senate Bill 5750 would authorize state facilities to charge fees for privately owned EVs using state charging stations and deposit the revenue into the motor vehicle fund; the sponsor said this would make charging costs fairer and recover expenses, with broad support and some questions about whether the policy could be implemented administratively without legislation. The committee then heard Senate Bill 6148, which would increase the maximum term for regional transit authority bonds from 40 years to 75 years, affecting Sound Transit. Sound Transit and transit advocates argued the longer term would better match debt to long-lived assets, help accelerate construction, and reduce near-term financial pressure without raising taxes, while opponents warned it would increase long-term costs and shift repayment burdens to future generations. Committee members asked about interest costs, asset values, and examples of eligible long-lived projects such as tunnels and bridges. No votes were taken during the hearing, and each bill closed with testimony counts recorded on the record.

Transcript Highlights:

• The state appropriation limit and the cap tend to be the two primary reasons that limited our ability
• So we not only hit the cap, but we also hit the limit for the state appropriations limit.
• The appropriations limit limits the growth in spending to population...
• The appropriations limit limits the growth in spending to population growth and income growth, which
• Not, you know, the bond markets.

Committee: Senate Budget and Fiscal Review

Summary: The Senate Budget and Fiscal Review Committee held an informational hearing on California’s Budget Stabilization Account, or Rainy Day Fund, with presentations from the Legislative Analyst’s Office, the Department of Finance, Practical Idealism Economics, and the California Budget and Policy Center. The LAO explained that California’s revenue volatility is driven largely by the personal income tax and high-income capital gains, and described how Proposition 2 deposits work, the 10% cap on the BSA, and the LAO’s evaluation that the current policy would cover only about 30% of funding shortfalls over 50 years in an unfavorable benchmark scenario. The LAO recommended raising the cap to 50% over time and either adopting broader deposit rules or depositing all excess capital gains. Finance said the administration had proposed raising the cap to 20% and excluding reserve deposits and withdrawals from the state appropriations limit. The Budget Center supported reserve reform but stressed balancing savings with current service needs and noted other tools such as revenue changes, borrowing from special funds, and the new Projected Surplus Temporary Holding Account. Committee members debated the purpose and adequacy of reserves, the role of the state appropriations limit, and whether reserves should be paired with broader fiscal reforms. Several senators argued that reserves are needed to preserve core services during downturns and that the current system is too complicated and too small, while others emphasized the need to protect spending on health care, child care, and other services for working Californians. There was also discussion of infrastructure spending as a possible countercyclical tool and whether deposits for infrastructure should be treated differently under reserve and SAL rules. The LAO said the Legislature has flexibility in defining infrastructure spending and suggested an infrastructure fund could function as a separate reserve-like mechanism. A significant portion of the hearing turned to broader tax and budget policy, including repeated references to Proposition 13, the state’s revenue structure, business departures, unemployment insurance financing, and the impact of inequality on California’s fiscal resilience. Some members argued Prop. 13 was driven by affordability concerns for homeowners, while others said it created loopholes that benefit corporations and constrain local revenue. The hearing did not take any vote or formal action; it remained informational, with the chair indicating the committee would continue questions and public comment after the panel discussion.

Transcript Highlights:

• I'm in that first tab because you have to go down to look at the expansion, and the CHIP is all aggregated
• /c><00:07:16.240><c> chip</c><00:07:16.960><c> is</c><00:07:17.280><c> all</c><00:07:17.599><c> aggregated
• </c> expansion and the chip is all aggregated expansion and the chip is all aggregated on<00:07:18.479
• And if you've never been to Lee Specialty Clinic, seen the smiles, the bonds between the staff and the

Keywords: During the committee meeting live stream, portion of the video was lost due to network issues. There were also some technical difficulties with content and the incorrect background image being used. The lost footage was recovered from backup, and the other issues corrected in post production editing. 1. 00:00:41 Call to Order 2. 00:01:02 Roll Call 3. 00:02:54 Approval of Minutes 4. 00:05:06 Statutory Reports and Data Requests 5. 00:35:14 2025 and 2026 Session Update 6. 01:03:10 Board Structure Updates and Subcommittees 7. 01:05:20 Public Comment 8. 02:23:14 Adjournment, 958, all

Summary: The Medicaid Oversight Board meeting opened with quorum, approval of the March 9 and March 16, 2026 minutes, and a welcome to new member Representative Willner. The board then heard a presentation from the Department of Medicaid Services on several statutory reports: the quarterly budget analysis (LRC) report, the quarterly MCO report, the provider tax and assessment report, the enrollee demographic report, the annual behavioral health/substance use disorder utilization report, and the Medicaid pharmaceutical rebate fund. Commissioner Lisa Lee and CFO Steve Bechal explained the reports and answered questions. On spending, DMS said the quarterly budget analysis report should be read using the summary tabs because the first tab reflects only traditional Medicaid and does not include all populations. Lee said the first three quarters of fiscal year 2026 showed about $191 million more in waiver spending than the same period last year, about $250 million more in other categories such as nursing facilities, CCBHCs, and FQHCs, and roughly $450 million more in total fee-for-service spending. She also noted that Medicare Part D premiums are 100% state funds and estimated the state-fund increase at about $140 million. For managed care, DMS said pharmacy, inpatient hospital, and outpatient hospital spending made up about 66% of MCO payments so far this fiscal year. Members asked about administrative costs, provider tax impacts, citizenship-status categories, medical loss ratio, and whether the reports could be expanded to show recoupments and citizenship-based spending. DMS clarified that the spending figures discussed were benefit costs only, not administrative costs, and said administrative match rates vary. On the provider tax and directed payments report, Lee said the new CMS proposed rule would allow separate payment terms to continue through the grandfathering period, but that the impact would be substantial for providers even if the administrative effect was minimal. She also said DMS was still reviewing unusual citizenship categories such as “other” and “unspecified,” and would provide more information on medical loss ratio and recoupments if available. Auditor Ball raised concerns about alleged waste, duplicate Social Security numbers, ineligible enrollees, and high error rates in other programs. Lee responded that Medicaid focuses on fraud, waste, and abuse, but said the cited $800 million figure was not factual because it did not account for people enrolled in more than one Medicaid program at the same time. She said DMS is reviewing eligibility systems, including changes tied to community engagement requirements, and is working with the cabinet’s eligibility staff and ombudsman division on error rates. No additional votes or formal actions were taken beyond approving the minutes.

Transcript Highlights:

• reminder, the bill defines an emerging large energy use facility as a facility that has a maximum aggregate
• Also, the scope is intentionally limited to high-risk media formats.
• So we're talking about Intentionally limited to high-risk media formats.
• I want to emphasize the need for protecting the ability for utilities to limit, mitigate, and curtail
• Yes, courts have allowed limited disclosure requirements in commercial advertising, and only when the

Bills: HB2338 , HB2367 , HB2426 , HB2606

Committee: Senate Environment, Energy & Technology

Keywords: weatherization, energy efficiency, community projects, sustainability, environment, coal-fired plant, preferential treatment, energy policy, electric generation, regulatory reform, pollution control, efficiency, appeals process, environmental regulation, hearing board, data protection, privacy, performance measures, reporting requirements, office of privacy

Transcript Highlights:

• Senate Bill 1620 appropriately restores balance by limiting the misuse of these agreements.
• The bill does not tie access to matters within the scope of the board's duties, does not limit requests
• Does not limit request to items pending board action. and... of the board's duties, does not limit request
• You have the authority to limit it to who’s in those closed-door sessions.
• It requires compliance with parents' notice requirements prior to installation, limits a parent to one

Summary: The committee first heard SJR 1104, a proposed constitutional amendment on voluntary religious expression in public schools. Senator Massullo said the measure would protect students and school personnel from discrimination for lawful religious expression, while not requiring prayer or religious activity. Questions focused on whether the proposal would change existing law, whether it could be used to protect coercive conduct by school officials, and whether the staff summary accurately reflected the bill. Public testimony included support from religious-freedom advocates and opposition from American Atheists and some senators who said the measure could make minority-faith students uncomfortable. The committee voted to report SJR 1104 favorably. The committee then took up SB 1738 on educational facilities, which directs state education offices to review facility requirements and recommend design and construction practices to improve safety and accountability. Senator Yarborough offered and the committee adopted an amendment removing crime-prevention-through-environmental-design language and adjusting the bill to preserve safe spaces during emergencies. The bill was reported favorably after brief discussion about balancing transparency, access control, and emergency safety. The committee also adopted a delete-all amendment to SB 824 on charter schools, replacing it with a transparency measure requiring districts to submit annual reports on unimproved land holdings to the Department of Education, which would publish a statewide report; the amended bill was then reported favorably. The committee next approved confirmation recommendations for appointees on tabs 7 and 8, then took up SPB 7036, a committee bill sponsored by Chair Simon. The package included school turnaround and early literacy changes, updates to school safety and health policies, early learning revisions, instructional changes, and educator pipeline provisions. The most contentious part was a proposal to let the state develop instructional materials; several senators questioned costs, guardrails, and whether the state should enter the textbook business. Simon said that portion was still being considered and that the bill would need safeguards if it moved forward. The committee adopted a motion to submit the bill as a committee bill and reported it favorably. Finally, the committee heard SB 1620 on public education, described by Senator Leak as a “school board members’ bill of rights.” The bill would give individual board members direct access to district documents and staff, limit district attorneys’ ability to represent both the board and administration, strengthen nepotism rules, and prohibit nondisclosure agreements for employees. Testimony from Volusia County board members, educators, and advocates was sharply divided: supporters argued the bill would improve transparency and protect minority board members, while opponents warned it could undermine superintendent authority, expose confidential student or personnel information, and create confusion in district operations. After debate, the committee voted to report SB 1620 favorably. The committee then heard SB 1170 on cameras in self-contained special education classrooms, with an amendment changing the proposal from a statewide mandate to a district policy allowing parents of students with disabilities to request cameras. Testimony was overwhelmingly supportive, centered on protecting non-speaking and vulnerable students and documenting abuse; one witness opposed the bill as an unfunded mandate. The committee was still in debate on the bill when the transcript ended.

Transcript Highlights:

• viewpoint they express, in order to facilitate the goal of hearing as much from the public within the limits
• Any additional witnesses will be limited to name, position on the bill, and the organization they represent
• in person, for those who can't leave their jobs or can't find child care, and for people who have limited
• There is in this legislation a limit to how much the executive officer can make as handling CAMTC.
• We are requesting that the bill has written severely limits the potential impact of this legislation.

Summary: The Assembly Business and Professions Committee heard a full agenda of bills focused on reproductive health, professional licensing and sunset reviews, consumer protection, and business regulation. Early testimony centered on AB 260, which would protect access to medication abortion, mifepristone, and telehealth reproductive care in California; supporters emphasized state protections against federal restrictions, while an opponent argued the bill removed safety safeguards. The committee also heard AB 714 on closing a loophole in regulation of low-cost commercial driving schools, AB 968 on allowing pharmacists to prescribe non-hormonal contraception, AB 671 on streamlining restaurant permitting, AB 1027 on strengthening cannabis product testing oversight, AB 1271 on broadband pricing and speed transparency, and AB 1332 on narrowly allowing medicinal cannabis shipments for seriously ill patients. Several sunset bills were also taken up, including AB 1482 on animal shelter and breeder transparency, AB 1501 on the Podiatric Medical Board and Physician Assistant Board, AB 1502 on the Veterinary Medical Board, AB 1503 on the Board of Pharmacy, and AB 1504 on the Massage Therapy Council. Testimony was largely in support of the measures, with many bills drawing co-sponsors or support from industry, consumer, or professional groups. AB 1503 generated the most sustained opposition, with nurses, physicians, and drug industry representatives objecting to expanded pharmacy technician ratios, standard-of-care language, and therapeutic interchange authority; supporters argued the bill would modernize pharmacy practice and expand access. AB 1504 also drew mixed testimony, with massage therapy groups supporting continuation of the council but raising concerns about proposed public records and governance provisions. AB 1271 drew a policy dispute over whether broadband reporting requirements duplicated federal FCC processes, while supporters argued California needed its own consumer-facing data and complaint system. After quorum was established later in the hearing, the committee began taking roll-call votes. AB 1271, AB 1332, AB 1482, AB 1501, and AB 1502 were all reported out on due-pass motions, with AB 1271 amended and the others generally amended or as introduced as noted. Earlier bills including AB 260, AB 671, AB 714, AB 968, and AB 1027 also received motions and were approved once the quorum was present. The chair repeatedly noted the lack of quorum during the hearing, but once one was secured, the committee completed votes on the agenda items and advanced the measures to Appropriations.

Transcript Highlights:

• , the bonds that you’re talking about, and just general revenue bonds.”
• “I mean, we’ve got all different kinds of bonds.
• But you’re telling us bonding is one way to get state funds.
• And our plan that we're putting together will be using bonding.
• That we're putting together, we'll be using bonding. Mr.

Committee: House Appropriations - Government Operations Division

Keywords: 908, all

Summary: The House Appropriations Government Operations section met with a full committee present and took up discussion of the Department of Transportation budget and a House funding package. Members described a proposal to simplify DOT funding by eliminating the Prairie Dog bucket, consolidating money into three main buckets/funds, and using DOT expertise to select projects while giving counties, cities, and townships more certainty. They said the plan would also restore 100% of the motor vehicle excise tax to the general fund and use other existing funds, including SIF and the legacy earnings fund, to support DOT and local road distributions. A major part of the discussion focused on how to cover Highway 85 and other road needs. Members and DOT Director Ron Hankey said federal highway formula funding for the next biennium should continue as long as the federal highway bill remains unchanged, but that the six-mile Highway 85 segment is unlikely to receive a federal grant because of benefit-cost issues. The committee discussed bonding for the $155 million set aside for Highway 85, with members noting Garvey bonds as one option but wanting flexibility to use the best available rate. They also discussed a possible five-cent gas tax to support the highway distribution fund; several members raised concerns about the policy and political difficulty, while others argued it was needed because oil revenues are down and the state needs a sustainable funding source. Members repeatedly asked for a clearer visual or flow chart showing how the money would move through the new structure, and the chair and sponsors said staff would prepare a pictorial and amendment language. There was general support for the concept, but some members wanted caucus education before floor action. No formal vote was taken during this discussion, and the chair indicated the committee would move quickly, with amendments to follow and the bill expected to continue in conference committee.

Transcript Highlights:

• Due to the number of measures before the committee and our time limit for testifiers, we're limited to
• Due to the number of measures before the committee and our time limit for testifiers, we're limited to
• So the what the bond amount is.
• >> Yes, performance bonds.
• </c> have a limit? have a limit?

Bills: SB2024 , SB896 , SB2613 , SB494 , SB2391 , SB2125 , SB2614 , SB2615 , SB3262 , SB3325 , SB3118

Committee: Senate Education

Keywords: charter schools, public-private partnership, school facilities, education funding, community need, education, capital improvement, reporting, transparency, technical expertise, public school land transfer, Department of Education, DOE, land conveyance, fee simple title, tax map key, TMK, Act 307, Session Laws of Hawaii 2022, Act 139

Transcript Highlights:

• liability companies, limited partnerships, and... ...the annual tax paid by limited liability companies
• , limited partnerships, and limited liability partnerships in their first year of existence.
• This credit limitation is a more modest version of prior credit limitations that have historically been
• We would expect very limited impact.
• The bond program has become so large and complex, so any bond cancellation will quickly consume that

Keywords: 988, house, all

Transcript Highlights:

• Senator Luneau said he was trying to protect whoever is filing the bond.
• He noted the time-sensitive nature of the jury bond.
• Well, we can limit it to that circumstance, because that seems to be.
• I confessed last week that my knowledge of computers is very limited.
• Technology in general is pretty limited.

Committee: Senate Judiciary A

Summary: The Senate Judiciary A Committee met on May 5, 2026, with five members present and adopted the April 28 minutes. The committee then heard and favorably reported several measures, including HCR 31, which asks the Louisiana Law Institute to study replacing or clarifying the term “foreign” in state law; HB 263, allowing the 14th JDC magistrate judge to handle certain specialty court felony matters; HB 299, clarifying paper filing rules for jury bonds and related payment issues; HB 535, simplifying hospital-based acknowledgments of paternity by removing the two-witness requirement while keeping notarization; HB 571, codifying the 19th JDC’s complex litigation section program; and HB 538, increasing the East Baton Rouge Parish Juvenile Court fee cap from $15 to $75 to help offset court costs. The committee also reported HB 215, raising the small succession affidavit threshold from $125,000 to $200,000, and HB 226, adding a 10.1 conference requirement before requests for admissions are deemed admitted, with discussion about discovery fairness and default judgment exceptions. The committee also took up HB 324, which makes judicial stipend increases permanent and adds a 2.7% salary increase for judges effective July 1, 2027; an amendment restoring the second year of the COLA was adopted, and the bill was reported with amendments. HB 1043, raising the jurisdictional amount in Jefferson Parish first and second parish courts, was amended to increase the amount from $35,000 to $50,000 and then reported with amendments. HCR 6, directing the Law Institute to study forced heirship and disinherison issues, was amended to add reporting language and related Civil Code references and then reported with amendments. HB 1006, changing summary judgment deadlines to give opponents more time to respond, was amended and reported by a 3-2 vote after roll call. Two more substantive bills drew extended debate. HB 1239 would strengthen the presumption that parents share physical custody equally unless a court finds that arrangement infeasible or not in the child’s best interest; supporters framed it as a parental-rights measure, while an attorney in opposition warned it would increase litigation, reduce stability for children, and be used as leverage in child support disputes. Despite the opposition, the committee reported the bill favorably. HB 190, as amended, would create a duty of reasonable care for certain software/app providers toward minors and require expert testimony, while excluding manufacturers; supporters said it was aimed at protecting children from harmful platform design, but opponents argued the proposal was unnecessary because existing tort law already covers negligence and warned it could create new causes of action and uncertainty over whether software is a “product.” The committee heard testimony from the Louisiana State Law Institute, the sponsor, and outside witnesses, but the transcript ends before final action on HB 190 is shown.

Transcript Highlights:

• The proposal before you relies on available debt limit bond capacity, CCA account money, The proposal
• before you relies on available debt limit bond capacity, CCA account money, and other cash resources
• The total proposal will spend $382.6 million in debt limit bonds, $219 million in CCA funds, and $723
• to a blend of general obligation bonds and CCA. ...a blend of general obligation bonds and CCA.
• Turning to the bill, the limitation is increased from 15 to 50 days each year.

Summary: The committee first heard a briefing on the proposed Senate capital budget, Substitute Senate Bill 6003, which would spend about $723 million total using debt-limit bonds, Climate Commitment Act funds, and other cash resources. Staff described major investments in housing and homelessness, human services, local infrastructure, flood response, water conservation and clean energy, K-12 school modernization and seismic work, and higher education projects. Members then took public testimony from a wide range of advocates and project sponsors, most of whom urged the Senate to preserve or increase funding for specific projects in the final budget, including affordable housing, permanent supportive housing, child care facilities, food banks, behavioral health and substance use treatment centers, tribal courthouse relocation, school modernization, community colleges, university projects, floodplain restoration, community forests, and local civic or cultural facilities. Several witnesses also asked the Senate to match or approach House funding levels on items such as the Housing Trust Fund, permanent supportive housing, the Community Forest Program, Floodplains by Design, and CCA-supported clean energy and water projects. The chair noted that amendments to the capital budget were due the next day at noon. The committee then received a briefing on Engrossed Second Substitute House Bill 2251, which would restructure Climate Commitment Act accounts by repealing three existing accounts and replacing them with two new accounts: a CCA operating account and a CCA capital account. Staff explained that the bill would preserve most existing uses while changing revenue distribution formulas, capping Ecology administrative costs, expanding allowable uses for EV-related costs, housing, and carbon capture/sequestration, and changing reporting and tribal consultation provisions. The bill also shifts some reporting from annual to biannual and modifies the thresholds for tribal-supported and overburdened-community investments. The fiscal note was described as relatively small, with the main impact being the revised revenue allocation structure. Public testimony on the CCA bill was mixed. Supporters, including the League of Women Voters, said the restructuring better aligns spending with the intent of the CCA and could improve investments for tribes and overburdened communities. Critics, including the Washington Policy Center, argued the bill still lacks strong requirements to ensure CCA spending is effective and objected to reducing the frequency of the state’s climate-spending report. No votes were taken during the portion of the meeting provided.

Transcript Highlights:

• Um, we work again work with industry and in those areas we make sure that we are limiting the volumes
• Are you limiting permits, new permits, or are you just trying to focus on, The, the already permitted
• We're limiting pressures. We're limiting volumes. Vice Chairman Morales. Thank you, Mr. Chairman.
• By the way, because some of these wells didn't have bonds, some of the wells that have bonds are smaller
• And, and I think we're, we're certainly supportive of, of, of, of putting some reasonable limitations

Committee: House Energy Resources

Transcript Highlights:

• We struggled with doing a climate bond and an education bond of 20 billion total in this last legislative
• On the bonding authority, so the bonding authority is not a general obligation bond.
• This is a bond that is done on behalf of the state water project, and it's a revenue bond that DWR would
• bonds.
• Yes, it's a revenue bond, but typically a revenue bond repayment structure doesn't start until after

Keywords: 988, house, all

Transcript Highlights:

• This RS updates Idaho's small claims court limit from $5,000 to $15,000.
• Raising the limit will allow individuals and small businesses to resolve common disputes like repairs
• This RS updates Idaho's small claims court limit from $5,000 to $15,000.
• Reduced contact weakens bonds; weakened bonds later become evidence supporting termination.
• I believe in limited government.

Committee: Senate Judiciary and Rules

Keywords: 989, all

Transcript Highlights:

• So the G.C. has a limited scope of insurance.
• So because bonded projects are on the public prompt pay, private projects are not bonded.
• The bonding capacity, I wouldn't want to, all the... ...in opposition.
• We have another bill to hear today. is because they're posting bonds.
• Could we limit our testimony to three minutes, please? Okay.

Committee: House Joint Committee on Rural Economic Development

Summary: The committee first met in executive session and voted several bills do pass. House Bill 2409 was approved 14-0, House Bill 2654 was approved 15-0, and House Bill 2747 was approved after adoption of a House committee amendment and substitute, also by a 14-0 vote. The committee then moved into public hearing on House Bill 1915, which would regulate payment practices in private construction contracts. Representative David Castile, the sponsor, said the bill was intended to ensure timely payment to contractors, subcontractors, and suppliers, limit abusive contract clauses, and require written notice before withholding payment. He emphasized that it was aimed at larger private projects and not owner-occupied residential work. Testimony on HB 1915 was mixed. Supporters, including electrical, mechanical, and subcontractor associations, said delayed payment is common, especially for smaller firms, and argued the bill would improve cash flow and reduce the need for liens. Opponents, including general contractors and home builders, said the bill as filed was too restrictive, especially the seven-day downstream payment deadline and the limits on withholding and termination rights, and warned it could increase costs and burden small builders. Several witnesses said they were working with the sponsor on a committee substitute to more closely mirror Missouri’s public prompt pay law and to clarify the residential exemption. The committee then heard House Bill 2151, which would raise income eligibility limits for the Fast Track Workforce Incentive Grant from $40,000 to $50,000 for single filers and from $80,000 to $100,000 for joint filers. Representative Travis Wilson said the change was meant to reflect inflation and expand access for adults changing careers, apprentices, and other eligible students. Supporters from community colleges, chambers of commerce, and workforce groups said the program is working well, is budgeted, and helps fill workforce needs; one witness cited strong completion and retention rates among recipients. No opposition was presented, and the hearing concluded with adjournment of the committee.

Transcript Highlights:

• But the general obligation bond funds will still be available.
• , which would limit the GSI availability for... ...graduate students, which would limit the GSI availability
• funds, bond fund proceeds, we need that budget bill language in order to claim the funds.
• funds, bond fund proceeds.
• However, for the UC Santa Barbara project, no bonds have been issued.

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

Transcript Highlights:

• We will be limiting testimony to 2 minutes. Uh, where's the clock? Please show the clock. OK.
• Both investors in and issuers of sovereign debt want a stable legal regime for these bonds.
• Moderating content or limiting the speech.
• Now, may I continue or you limit my time? Well, everybody's limited to 2 minutes.
• So everyone limited it to 2 minutes and from now on, no receptions. OK, thank you.

Bills: HB74 , HB175

Committee: House Trade, Workforce & Economic Development

Keywords: environmental project, public money, political subdivision, greenhouse gas emissions, federal law compliance, renewable energy, water conservation, retroactive child support, child conception, paternity, family law, health care expenses

Transcript Highlights:

• did have a really good dialogue if one of the testifiers was from LexisNexis, those types of data aggregators
• If one of the testifiers was from LexisNexis, those types of data aggregators in the financial world

Keywords: 1187, senate, all