Transcript Highlights:

• , housing infrastructure bonds, and nonprofit housing bonds.
• um housing appropriation bonds um housing infrastructure<00:07:35.599> bonds<00:07:36.039>
• and<00:07:36.240> nonprofit infrastructure bonds and nonprofit infrastructure bonds and nonprofit
• housing<00:07:37.479> bonds<00:07:38.080> so<00:07:38.240> there's<00:07:38.400
• > a<00:07:38.560> lot<00:07:38.680> of housing bonds so there's a lot of housing

Keywords: 1183, house

Summary: The House Housing Finance and Policy Committee met for an informational session with no bills taken up and no votes or formal actions. Members and staff introduced themselves, and Chair Speno said the committee would focus on understanding housing policy and barriers to building more homes, noting Minnesota’s housing shortage and the need to support both single-family and multifamily construction. House Research analyst Mary Davis and House Fiscal analyst Katrina Heimark gave an overview of the committee’s jurisdiction and the Minnesota Housing Finance Agency’s programs and funding streams. Davis outlined areas the committee may hear about, including real estate law, landlord-tenant law, manufactured home parks, housing cooperatives, zoning, property taxes, and MHFA programs. Heimark described MHFA’s five main budget areas—development and redevelopment, housing stability, homeownership assistance, preservation, and resident/organization support—and reviewed recent appropriations, emphasizing that much of the large 2024–25 funding was one-time money and that ongoing base funding is lower in 2026–27. Members asked several questions about how prior appropriations were spent, whether unused funds return to the general fund, and whether funds can be repurposed. Heimark said transferred funds generally are not returned to the general fund if unspent, but are expected to be used for the purposes outlined in the appropriation; she also said she had requested more detailed expenditure information from the agency and would follow up. Questions also focused on who benefits from programs such as rental housing rehabilitation and the affordable rental investment fund, with the testifiers explaining that most MHFA programs are targeted to low- and moderate-income households and that income eligibility varies by program. The committee also discussed the new metro-area sales tax revenue dedicated to housing, with members requesting more detail on reporting, oversight, and allowable uses.

Transcript Highlights:

• This is reflected in the bond sale each year.
• So you can see there, and we talked about... ...in the bond sale each year.
• that bond sale, right?
• We spend money, and then the portion that is spent, we sell bonds, but guess what?
• You have to pay off the bonds to which it’s obligated.

Summary: The committee met for an informational hearing focused largely on the state capital outlay process and House Bill 2. Roger Husser and Matt Baker of the Division of Administration/Facility Planning and Control described how the office prepares and administers the capital outlay bill, said the bill has grown substantially over five years, and argued that recent changes in culture, staffing, project management, cash-flow analysis, and use of third-party support have more than doubled project expenditures and improved delivery. Members asked about the use and cost of third-party project managers, delegation of smaller projects to agencies, hiring difficulties, and whether the changes represented better interpretation of existing law versus statutory changes. Husser said some statutes were amended, some internal customs were removed, and the office would provide a list of those changes. He also explained that the office is trying to move away from overly rigid practices and toward faster project completion while still following public-bid and oversight rules. A major portion of the discussion centered on the size and structure of the capital outlay bill, especially the gap between Priority 1 cash capacity and the much larger Priority 5 backlog. Husser said the current annual Priority 1 limit is tied to construction inflation and is about $574 million, with additional surplus funds also available, but that the bill contains far more Priority 5 funding than can realistically move in a five-year plan. He and members discussed dormant projects, scope creep, legacy projects that have sat in the bill for years, and the problem of false expectations for non-state entities. Proposed solutions included limiting Priority 5 to five times Priority 1, requiring annual re-endorsement by members, setting district or project caps for non-state projects, requiring time limits and reporting for grant-like non-state projects, placing matches in escrow, requiring design readiness before submission, and consolidating the many existing reporting requirements into one clearer report. Members also discussed bundling multiple projects under one agency project, which the House had begun piloting for LSU, UL Lafayette, Southern, and DOTD, and which Husser said could improve flexibility, reduce overappropriation, and better reflect actual spending. Baker then explained cash-flow management and the commitment process, saying FPC now analyzes projects annually to estimate what can actually be spent in the next fiscal year and uses commitments to allow projects to proceed when future-year funding is expected. He said overappropriations can result from poor cash-flow estimates, delays, dormant projects, or projects coming in under budget, and that the office is already reworking cash-flow assumptions and reappropriating savings where possible. Members also raised concerns about change orders and low bids; staff said project managers review change orders closely, require concurrence on non-state projects, and sometimes reduce scope to keep projects within budget. After FPC’s presentation, the committee heard the beginning of Louisiana Economic Development’s capital outlay discussion, where LED explained that its projects generally fall into three categories, including the Economic Development Awards Program and Site Readiness Program, both used to support targeted economic development and job creation.

Transcript Highlights:

• <00:01:55.360> Uh<00:01:55.680> we<00:01:55.920> now We now have, uh, bond initiatives
• Clerk will read the bond initiatives. >> Number one, Senator King, Community Services for Adults and
• School of Maryland, Budget and Taxation. >> Majority Leader must be considered the reading of the bond
• an appointment made during the 2025 recess of the General Assembly. considered the reading of the bond
• considered the reading of the bond initiatives.<00:02:12.560> They<00:02:12.720> are<00

Keywords: Senate streaming session for Friday, January 30, 2026, 960, senate, all

Summary: The Senate convened for a brief pro forma session, with the clerk calling the roll and the presiding officer noting that three critical members were present and Maryland was back in session. There were a few light announcements, including a senator bringing his son to the chamber and a remark about the unusual week of multiple pro forma sessions. The presiding officer also welcomed the Senate pages and noted the historic nature of the week’s schedule. The chamber then processed calendar items without debate: Senate Bill 422, by Senator Kramer, concerning research and testing facilities that use animals and related adoption/reporting requirements, was read and ordered to its standing committee. A bond initiative sponsored by Senator King for Community Services for Adults and Children/Community School of Maryland was also read and sent to the capital budget subcommittee. The Senate received an executive message from Governor Wes Moore submitting a recess appointment for Senate confirmation under the Maryland Constitution. The message was read, journalized, and referred to the Executive Nominations Committee; the presiding officer identified it as a superintendent-related recess appointment. After a final quorum call, the Senate adjourned by unanimous consent until Monday evening at 8:00 p.m. for a regular session.

Transcript Highlights:

• What was the bond bill? What? Do they have drama about the bond bill? I hope not.
• Can we recognize our bond members really quickly who worked so hard to get this done?
• Where's our bond members? Nobody wants to take credit for this?
• It's a pleasure to serve on bond with you.
• And I'm going to thank Representative Gray and all the members of the Bond Bill Committee.

Summary: The House convened with quorum, offered prayers and moments of silence for community members who had recently died, and recognized several guests and family members in the chamber. After routine communications and passage of consent calendar 29, the chamber took up a series of measures on the main and colored agendas, with several bills and resolutions passing by voice vote or roll call. Among the measures approved were House Concurrent Resolution 157, which as amended requested a State Lottery report on options to support traditional lottery retailers; Senate Bill 53 on the Delaware Farm to Community Program; Senate Bill 307 on PSC authority for Lifeline telecommunications carriers; Senate Bill 339 clarifying health directive forms in mental health facilities; Senate Bill 235 on manufactured home community rent increases; Senate Bill 325, as amended, updating fire prevention and volunteer fire/EMS background check rules; Senate Bill 309 on inmate work and discharge of incarceration-related balances; Senate Bill 324 on deadly weapons and constable agency representatives; Senate Bill 293 on youth camp child care licensing; Senate Bill 94 on respiratory care practitioners and ECMO medication delivery; and Senate Substitute 2 for Senate Bill 100, proposing a constitutional amendment protecting the right to marry regardless of race or gender while preserving religious freedom. House Bill 188, changing Delaware primary elections to allow unaffiliated voters to choose a party primary, also passed after debate. Two measures drew extended discussion and amendments. Senate Bill 233, requiring snow and ice to be removed from vehicles, was tabled once, then later amended and passed after debate over whether the law was workable for truck drivers and other vehicle operators; a proposed truck-related exemption amendment failed. House Substitute 1 for House Bill 404, creating a pilot program for artificial intelligence and extended reality in schools, passed after testimony from the Department of Education emphasizing guardrails, privacy, and educator oversight, alongside concerns from members about data, bias, and long-term effects. Several items were tabled or reconsidered during the session, and the House adjourned after completing the day’s business.

Transcript Highlights:

• bonding bonding committee<00:20:32.760> with<00:20:32.960> half<00:20:33.200> of
• My question is, does this extend further than bonding projects?
• this extend further than bonding this extend further than bonding projects?
• I believe this only applies to bonding.
• To cuz capital investment GO bonding.

Keywords: 1187, senate, all

Transcript Highlights:

• I appreciate you. affirmative, the bond initiative will be affirmative, the bond initiative will be introduced
• The clerk will read the bond introduced.
• >> Introductory House Bond Initiatives >> Introductory House Bond Initiatives number
• Introduction of bond >> All right.
• >> Introductory House Bond Initiatives >> Introductory House Bond Initiatives number

Keywords: House streaming session for Thursday, March 12, 2026, 957, house, all

Summary: The House met in Annapolis on February 27, 2026, with 128 members present. After a prayer, the chamber adopted the previous day’s journal and recognized a resolution honoring Brunswick High School’s first Tech Challenge team, Minerva’s Mechanics, for winning the FTC Regional Championships and qualifying for the World Championship in Houston. The resolution was read and adopted with applause. The main legislative item was House Bill 355, concerning the Education, Sexual Abuse and Assault Awareness and Prevention Program and human and sex trafficking; the House adopted the favorable committee report and ordered the bill printed for third reading. The next bill, House Bill 534 on nonpublic school transcripts and prohibiting punitive measures related to student debt, also received a favorable report. Debate then centered on an amendment offered to HB 534 that would have tied school funding to student choice for students in repeatedly one-star-rated schools and allowed parents of habitually violent or disruptive students to consider military boarding school options. The sponsor argued Maryland’s public schools, especially in Baltimore City, were failing students despite heavy spending, citing low literacy, violence, and the book Failure Factory; several members echoed concerns about school performance, bureaucracy, and the need for educational freedom. Opponents and procedural speakers said the amendment was not germane to HB 534, which they described as a narrow bill about transcript access for students leaving nonpublic schools with unpaid fees, often students with disabilities. The floor leader urged the body to resist the amendment and stick to the bill’s actual subject. Despite multiple members explaining their votes in support of school choice and criticizing the Blueprint and school outcomes, the House ultimately took a roll call on the amendment after a voice vote was challenged. The transcript cuts off during the roll call and does not show the final recorded result on the amendment.

Transcript Highlights:

• also help us maintain our AAA bond also help us maintain our AAA bond ratings<00:32:38.080> and
• Um, we have the AAA bond rating.
• What we don't want is to be held hostage on the bonding bill, and we won't.
• big of a bonding bill as we can get. big of a bonding bill as we can get.
• hostage on the bonding bill and we<01:43:07.679> won't.

Keywords: 1187, senate, all

Transcript Highlights:

• interpreting that bonds are never interpreting that bonds are never subject<00:45:51.680> to<
• When you start working on a bond, first of all, the prior year you get estimates from the Bond Bank in
• year you get estimates from the Bond year you get estimates from the Bond Bank<01:07:59.920>
• <01:44:00.280> school important topics such as bonds school important topics such as bonds
• Bonds require public hearings.

Keywords: 1189, house, all

Transcript Highlights:

• We also referred this to the prosecutor and the attorney general, and it was also certified to the bond
• This finding was referred to the prosecutor, the attorney general, and was also certified to the bond
• finding was referred to the Prosecutor Attorney, the Attorney General, and was also certified to the bond
• was referred to the prosecuting attorney and the Attorney General, and it was also certified to the bond
• was referred to the prosecuting attorney and the Attorney General, and it was also certified to the bond

Keywords: 1204, all

Transcript Highlights:

• Well, I mean, we received $40 million in bonding at the local level. Bonding at the local level.
• Their bonding capacity. Is that a factor in what the offer is? Yes.
• there is my old middle school, Bond there is my old middle school, Bond Middle<00:24:31.840>
• <00:28:51.039> in<00:28:51.279> order bond in order bond in order to<00:28:53.120> build
• assistance because their bonding assistance because their bonding potential<00:29:05.600> overall

Keywords: Meeting start 00:00:00 Discussion of Nickels and School Facility Funding 00:02:13 Economic Development Projects in Elizabethtown and Hopkinsville 00:29:33 Correspondence and Reports Received 01:09:25, 958, all

Summary: The committee received an informational presentation from the Kentucky Department of Education and the School Facilities Construction Commission on school facilities funding. Staff explained the main funding sources used for school construction and renovation, including the mandatory “nickel” property tax levy, growth and equalized growth nickels, the equalized facility funding nickel, the Fort Knox/BRAC-related nickel for Hardin County, and the recallable nickel that districts can adopt locally. They also described the state equalization formula, noting that local construction costs have risen and that state support is formula-driven rather than a dollar-for-dollar match. The SFCC outlined how unmet facility need is calculated through district facility plans, which are developed locally with community, staff, and board input and then reviewed by KDE staff for consistency and reasonableness. The commission said it will update the statewide unmet need report this fall, adopt it in December, and provide the figure to the committee in January 2026. It reported that the statewide unmet facility need was about $7 billion in 2023, with about $951 million in local revenue available, and said its offers of assistance are paid as debt service over eight years. The commission also said the most recent legislative offer of assistance was its smallest since SFCC’s creation in 1985, and requested an additional $60 million for the next biennium. Members asked about how districts use nickel tax levies, who determines facility need, whether the process includes physical inspections, and how bonding capacity affects offers of assistance. Staff said nickel levies are generally adopted with regular tax rates, that facility need is locally developed but reviewed by KDE, and that KDE project managers and district-hired architects review plans on paper rather than through in-person inspections. They also explained that bonding capacity can affect a district’s ability to use or receive assistance. Questions were also raised about federal funds tied to earlier KIX grants and about districts with zero remaining offers of assistance; staff said most grant-funded projects are underway or complete, and that a zero balance means a district has spent its available assistance. No votes or formal actions were taken.

Transcript Highlights:

• Let's move on to SB 1483 relating to highway revenue bonds, which restores the revenue bond authorization
• Let's move on to SB 1483 relating to highway revenue bonds, which restores the revenue bond authorization
• Let's move on to SB 1483 relating to highway revenue bonds, which restores the revenue bond authorization
• Let's move on to SB 1483 relating to highway revenue bonds, which restores the revenue bond authorization
• Moving on to Senate Bill 1483, relating to Highway Revenue Bonds.

Keywords: 912, senate, all

Summary: The joint committees heard testimony on several measures, beginning with SB 1480 on transportation and road usage charging. Supporters included the Department of Transportation, the Hawaii State Energy Office, county representatives, and the Tax Foundation, while an automotive industry witness opposed the bill, arguing it would be unfair to rural drivers and those with longer commutes. Committee discussion focused on equity, rural impacts, and whether the measure should be tied to future rail funding. The committees ultimately recommended SB 1480 pass with amendments, including broadening allowable uses of funds, clarifying language on infrastructure and safety, addressing motor scooters, and striking a proposed new subaccount; the recommendation was adopted by both committees, with one no vote in TCA. For SB 970 on taxation, the Tax Foundation said the employer transit tax credit would be more efficient as a direct subsidy program, and the Department of Taxation recommended several changes, including a sunset date of December 31, 2030, anti-double-benefit language, deletion of certain reporting requirements, and an effective date of December 31, 2025. The department estimated the bill would reduce revenues by about $11.6 million over the four-year period it would be in effect. The committees moved SB 970 forward with amendments to include bike share in the credit and add a defective date, leaving the department’s suggested changes for later consideration; the recommendation was adopted. The committees also advanced SB 1008 on parking and SB 1088 on electric vehicle charging infrastructure without amendments. DCAB strongly supported SB 1008, saying it would help counties enforce accessible parking design requirements, and noted a related bill without the EV portion. SB 1088 drew broad support from the Public Utilities Commission, State Energy Office, county and advocacy groups, and individuals; one question raised whether the bill should sunset, but the response was that Hawaii still lacks sufficient EV charging infrastructure and the measure expands eligibility for affordable housing. Both bills were recommended to pass unamended and the recommendations were adopted. The Transportation and Culture and Arts committee then heard SB 1011 on the Hawaii Leadership Awards Program, with testimony in strong support from individuals and the State Archivist, who suggested preserving award recipients’ archives, photos, oral histories, and clippings. The committee also heard SB 441 on the Hawaii Symphony Orchestra, with support from the Democratic Party of Hawaiʻi, the Hawaii Theatre Center, musicians, and others emphasizing cultural value, workforce stability, and statewide access to the arts. The transcript then moved to SB 1581 on the Hawaii Japan Pacific Peace Monument and SB 1577 relating to the State Foundation on the Arts; on SB 1577, the Attorney General warned that using the Works of Special Art Fund for operating purposes could jeopardize the tax-exempt status of related bonds and recommended deleting section five, while also pointing to the Performing Arts Special Fund as an alternative.

Transcript Highlights:

• The State Highway Project Bonds bill will also be on our docket.
• Is the bonding Senate Bill 2? Thank you. Mr.
• Chair, the money's been—so number 351, the Secretary said of the bonding package, it's done.
• was a bond, and now it's bond plus tax plus fees, plus this, plus that.
• in that bond are out, and there are 17 projects in there through 33.

Keywords: 996, all

Transcript Highlights:

• More and more, almost like a bond proposition, right?
• When we have bond elections, the bond election says it now has to say this is a tax increase, right?
• That you can use with bonds, but you can't pay personnel with that.
• We're minimizing that debt when we do go to bond elections.
• Our partners over in Frisco ISD had a failed bond last year.

Bills: HB17, HB23, SB 10

Keywords: property tax, school funding, enrollment changes, inflation adjustment, tax rate notice, property tax exemption, ad valorem tax, Texas Tax Code, nonprofit corporation, charitable organization, educational nonprofit, scientific nonprofit, agriculture support, youth programs, community education, county population threshold, large county, local government revenue, leasehold interest, possessory interest

Transcript Highlights:

• On line 45 is a negligible interaction with the school building bond agricultural credit resulting from
• Section Two makes clear that the bond allocation act applies to bonds issued by an economic development
• > um<00:40:28.920> that<00:40:29.160> the<00:40:29.359> bond<00:40:29.640
• > allocation clear clear um that the bond allocation clear clear um that the bond allocation act
• <00:40:31.720> by<00:40:31.880> an act applies to bond issued by an act applies to

Keywords: 1187, senate, all

Transcript Highlights:

• Our state's permanent school fund also guarantees almost $5 billion. in outstanding debt or bonds for
• Who approves the bonds and puts the PSF's income in?
• corpus on the line to guarantee the bond in the case of default. So again, that comes to us.
• And have you received a notice of a fault on a guaranteed bond?
• PSF guaranteed bonds for the one that closed, A.W. Brown. Thank you. Representative Tipper?

Keywords: 1184, house, all

Transcript Highlights:

• Um, section 11 pertains to the state agricultural society bonding authority.
• It increases the bonding authority limit.
• It increases the bonding authority limit.
• It increases the bonding authority limit.
• It increases the bonding authority limit.

Bills: HF9

Keywords: energy policy, renewable energy standard, carbon-free standard, solar standard, hydroelectric, hydropower, electric utility, Public Utilities Commission, PUC, renewable portfolio standard, carbon capture and sequestration, CCS, greenhouse gas emissions, climate policy, nuclear power plant, certificate of need, fossil fuel plant demolition, utility compliance delay, beneficial electrification, sales tax exemption

Transcript Highlights:

• House Bill 143, Representative Elliot, an act relating to fiduciary bonds.
• House Bill relating to fiduciary bonds.
• >> To communicate with the body. >> Yes, sir. >> The capital bonds and capital projects and bond oversight
• The capital bonds and and capital >> Yes.
• The capital bonds and and capital projects<00:25:51.440> and<00:25:51.600> bond<00:25:51.840

Keywords: Convene 00:00 Senate Message 04:45 Calendar/2nd Readings 05:20 Report of Committees 07:05 Orders of the Day 08:23 HB 214 08:33 HB 416 12:26 HB 281 16:20 HB 134 18:13 Motions, Petitions, and Communications 21:08 Introduction of New Bills and Resolutions 37:01 Recess for ConC/Rules Meeting 39:15 ConC/Rules Report 42:29 Floor Amendments 44:27 Correction to Introduction of New Bills and Resolutions 46:14 Adjournment 46:40, 958, all

Summary: The House convened, heard an invocation focused on recovery from a recent storm, and recited the Pledge of Allegiance. A quorum was established with 94 members present, absent members were excused, and the rules were suspended to allow co-sponsorships and vote modifications. The journal was approved, and the clerk reported a Senate message transmitting Senate Joint Resolution 23 for concurrence. The chamber then received second-reading reports on a wide range of bills covering pharmacist reimbursements, grooming a minor, local government liability, water fluoridation, solid waste, highway markings, fiduciary bonds, motor vehicle titles, hearing aid coverage, eating disorder coverage, public safety, pedestrians, cigar bars, backyard chickens, and county law libraries. Committee reports also advanced several bills, including measures on elections, local government, state-operated mental health facilities, prescription drugs, Alzheimer’s services, electric generating unit decommissioning costs, reemployment of retired police officers, and the Kentucky Communications Network Authority. Those favorable reports were treated as first readings and placed on the calendar. The House passed several bills unanimously by roll call, including House Bill 214 on a program to help disabled veterans obtain and install home wheelchair ramps, House Bill 416 on educator preparation and early assessments, House Bill 281 on streamlining food donations by churches and nonprofits for shelters and disaster victims, and House Bill 134 on sexual assault nurse examiners, creating a statewide coordinator, registry, and regional access plan. In each case, sponsors explained the bills and members voiced support; floor amendment 1 to House Bill 416 was adopted before passage. Clinchers were applied after passage of the bills. The House also adopted House Resolution 33 recognizing cancer patients, survivors, and families and designating January 29, 2026 as Suits and Sneakers Day, and adopted House Resolution 43 recognizing the economic and cultural partnership between Kentucky and Japan. Members offered additional citations honoring Newport Central Catholic High School and the YMCA, and the chamber observed a moment of silence for Boone County Sheriff Michael Helmig after a citation honoring his service and legacy. Announcements included committee meetings after adjournment, birthday wishes, and the introduction of numerous new bills and resolutions, including measures on kindergarten, bridges, revenue, retirement benefits, concealed deadly weapons, local taxes, motor vehicles, fiscal reporting, SNAP, families and children, vision testing, and a balanced budget amendment application.

Transcript Highlights:

• The money on the pension side was then replaced with a series of bonds the Commonwealth issued and paid
• <00:04:16.359> the replaced with a series of bonds the replaced with a series of bonds the
• That could adversely impact the ledger sheets of the districts and cause their bond rating to change,
• and even cause bonds to cost more for the districts and they pay more on interest unnecessarily.
• rating to change and even their bond rating to change and even cause<00:21:11.360> bonds<00:21

Keywords: Meeting Start 00:00:00 Roll Call 00:00:05 HB 545Discussion 00:00:40 HB 545 Vote 00:01:35 HJR 54 Discussion 00:02:25 HJR 54 Vote 00:03:10 HB 694 Discussion 00:03:42 HB 694 Vote 00:28:25, 958, all

Summary: The committee met with a quorum and first took up House Bill 545, a routine claims bill. Representative Tim Truett explained it as a measure to pay debts the Commonwealth owes. The bill received a motion, a second, and a roll call vote, and passed with favorable expression and no nay votes. Members then considered House Joint Resolution 54, which related to the Kentucky State Fair Board’s expansion plan. The chair explained that the resolution simply acknowledged receipt and approval of the plan so previously appropriated funds could be released. The resolution passed by roll call with no nay votes and was reported favorably to the floor. The main discussion centered on House Bill 694, concerning the Kentucky Teachers Retirement System medical insurance fund and the 2010 “shared responsibility” agreement. The bill would redirect employer contributions from local districts from the health side to the pension side once the plan reaches 100% funded. The chair and Senator Givens argued the bill was a continuation of the state’s long-term commitment to TRS and taxpayer responsibility, while Senator Neal raised concerns about fairness, the timing of the change, and whether the original agreement and statutory trigger for TRS board recommendations had been honored. Testimony from KEA President Eddie Campbell and former Jefferson County Teachers Association president Brent McMahan supported the 2010 agreement but urged the committee to pause the bill, saying the parties should return to the table and that the current proposal could conflict with the original understanding, create actuarial and legal issues, and potentially affect school district finances and bond ratings. Despite those concerns, the committee voted 8-1 to pass House Bill 694 with favorable expression, with Senator Neal voting no and explaining his objection as a process and good-faith concern.

Transcript Highlights:

• We've had in schools computers and things that last 3 or 4 years go into 30 year bonds.
• So what the The bill says is that the lifespan of the personal property that's put into a bond or CO
• It's not bonds, right?
• We're not talking about long term bonds, but we're using capital instruments to purchase gas and coal
• , whereas there's plenty of reason to bond for things that that last that long or last nearly that long

Transcript Highlights:

• <00:57:42.320> to University of Kentucky issued bonds to University of Kentucky issued bonds
• at a TIC of 4.2 bonds at a TIC of 4.2 7%. 7%. 7%.
• Uh so a large bond issuance.
• that'll be going out on a bond issue. that'll be going out on a bond issue.
• Uh so a large uh bond issuance. It >> Okay. Uh so a large uh bond issuance.

Keywords: 0:00:01 Call to Order and Roll Call 0:00:28 Approval of Minutes 0:00:40 Information Items 0:01:13 Rpt from Postsecondary Institutions 0:26:46 Project Rpt from Finance and Admin Cabinet 0:30:53 Lease Rpt from Finance and Admin Cabinet 0:39:20 Rpt from OFM – KIA 0:52:42 Econ Development – EDF Grants 0:55:15 OFM Debt Issues 0:58:43 Informational Discussion 1:44:36 Adjournment, 958, all

Summary: The committee first handled routine business, including a quorum call, approval of minutes, and informational items on school district financing and KCTCS equipment purchases. It then considered two KCTCS capital projects after initially rolling them together and later unrolling them: a Fire Commission Fire Academy maintenance building project that had grown from an original $2 million authorization to $4.7 million because of design changes, soil issues, and higher mechanical costs, and a $1.5 million renovation of the Blake Lee building at Somerset Community College for a health science simulation lab. Members questioned the large cost increase on the fire academy project and the adequacy of front-end due diligence, while KCTCS said the project was bid and ready to proceed and that a 15% contingency had been included. Both projects were approved by roll call vote, with the Blake Lee project ultimately approved after the committee unrolled the items and took them separately. The committee next heard and approved a University of Kentucky public-private partnership for the Hamburg East Medical Office Building, a five-story, 220,000-square-foot facility with a not-to-exceed budget of $275 million. UK said the project is intended to expand outpatient access, consolidate some services, and support projected growth in patient volume; the building will house multiple specialties, urgent care, therapy, imaging, and a retail pharmacy. Members asked about possible community uses, consolidation of services, and whether the project would free up other space, and UK said it hopes to consolidate some services and free campus space. The project was approved by roll call vote. The committee then approved three UK lease renegotiations: a specialty pharmacy and infusion services lease at Wellington Way in Lexington, a Department of Ophthalmology and Visual Sciences lease at Conte Terrace, and a College of Social Work lease at McGrath Park Way. Members asked about rising lease rates, occupancy, and whether space needs should be reduced; UK and the lessor’s representative said the pharmacy space remains busy, the ophthalmology lease was lower than before, and the social work lease had been negotiated down from a higher request. The committee also approved a Department of Military Affairs project amendment for a Mutual Field Maintenance Shop Restoration project, increasing federal funding by $1 million to $4.5 million because of higher construction costs, and approved a Kentucky State University Shanty Hall renovation project funded by bond and HBCU Title III funds. Finally, it approved a new lease for the Office of Mines and Minerals in Pike County, a new lease for the Cabinet for Health and Family Services in Pulaski County, and a lease renewal for the Cabinet for Health and Family Services in Kenton County after questions about rent increases and office utilization; the cabinet said the Kenton County space still has limited vacancy and remains in use by field staff. The meeting ended as the Kentucky Infrastructure Authority began presenting six sewer and water loans and six cleaner water program grant reallocations, with members agreeing to roll those items for later consideration.