Transcript Highlights:

• I think the most important question anybody can ask in times like this is: How is our portfolio liquidity
• 00:17:39.920> is<00:17:40.040> our<00:17:40.160> portfolio<00:17:40.800> liquidity
• <00:17:41.640> Are<00:17:41.800> we how is our portfolio liquidity?
• Are we how is our portfolio liquidity?
• Um<00:17:48.920> we<00:17:49.160> stay We stay focused relentlessly on our liquidity

Keywords: 1187, senate, all

Transcript Highlights:

• So the only people who are currently operating right now are either very lucky or they already had liquid
• either very lucky or they already<00:36:13.280> were<00:36:13.520> had<00:36:13.760> liquid
• ><00:36:14.240> capital<00:36:14.560> to<00:36:14.800> work already were had liquid
• capital to work already were had liquid capital to work with.<00:36:16.240> So<00:36:16.560><

Keywords: 919, house, all

Summary: The House first took up Senate File 334, a bill to modernize county human services technology used to administer programs such as Medicaid and SNAP. The author and several members described the current systems as outdated “green screen” platforms that are slow, duplicative, and difficult for workers and applicants, and argued modernization would improve service, retention, and fraud prevention. The bill would create a technology modernization fund with about $90 million over time, capped at $50 million, route funds through Minute, establish an interagency group with county representation, create a legislative working group, and provide $15 million for Office of Inspector General technology. Members from several counties spoke in strong support, citing local system failures, cyberattacks, and the need for better tools; one member noted the bill was about 20 years overdue. The bill passed third reading by a vote of 134-0, and a title was agreed to. The House then considered Senate File 4401, the cannabis bill. The author described it as a maintenance and cleanup package developed with more than 80 stakeholders over months of meetings, including business owners, labor, tribal representatives, and medical cannabis interests. The bill was presented as making noncontroversial adjustments to support small businesses, clarify statutes, improve privacy protections, adjust event and transporter rules, address good-faith errors, strengthen enforcement against unlicensed operators, and support local governments and municipal cannabis dispensaries. It also included a first step toward a medical psilocybin program and changes intended to make the medical cannabis market more sustainable, including easing the grow-and-sale ratio issue. The transcript cuts off before final action on this bill, but members speaking in support emphasized collaboration and the need for practical regulatory fixes.

Transcript Highlights:

• We need something that's a liquid fuel that we can drop into fuel tanks, just like we do with... ...current
• We've got incentives that are kind of pushing liquid fuels into the heavy duty sector and away from the
• we might have e-fuels where we have super cheap electricity, where we can manufacture hydrocarbon liquid
• we might have e-fuels where we have super cheap electricity, where we can manufacture hydrocarbon liquid

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:

• just one of those things where it's a without FDIC insurance, all deposits must be backed 100% by liquid
• must be backed insurance all deposits must be backed 100%<00:29:02.159> by<00:29:02.399> liquid
• 03.520> Uh<00:29:03.840> the<00:29:04.240> laws<00:29:04.559> that 100% by liquid
• Uh the laws that 100% by liquid assets.

Bills: HB0116, HB0056

Keywords: water rights, beneficial use, industrial production, hydrogen, applications, public welfare, carbon capture, energy standards, public utilities, environmental regulation, state law, 916, all

Transcript Highlights:

• The liquid paint doesn't have much of a lifespan, right?
• house or on your building right<00:40:26.760> paint<00:40:26.960> the<00:40:27.319> liquid
• <00:40:27.520> paint<00:40:27.839> doesn't right paint the liquid paint doesn't right
• paint the liquid paint doesn't have<00:40:28.319> much<00:40:28.560> of<00:40:28.880><

Keywords: 1183, house

Transcript Highlights:

• an important strategy for reducing emissions, aviation remains a sector that currently relies on liquid
• an important strategy for reducing emissions, aviation remains a sector that currently relies on liquid
• With designs that prevent the refilling of vape liquid and the recharging of lithium-ion batteries, these

Keywords: 987, senate, all

Transcript Highlights:

• have their money tied up in business interests so that they're able to make claims and have the liquidity
• have their money tied up in business interests so that they're able to make claims, to have the liquidity
• to make payments on these claims by limiting some of their specials. ...make claims, to have the liquidity

Bills: HR188, HR189, HR190, HR191, HR179, HR180, HR181, HR182, HR183, HR185, HR186, HR187, HCR75, HCR76, HCR77, HCR78, HCR79, SCR24, SCR36, SCR39, SB64, SB107, SB152, SB185, SB217, SB232, SB278, SB290, SB294, SB320, SB321, SB419, SB424, SB436, SB440, SB468, SB470, SB476, SB482, SB489, HCR32, SCR11, HB12, HB42, HB205, HB222, HB267, HB324, HB325, HB350, HB478, HB610, HB617, HB679, HB745, HB749, HB797, HB807, HB821, HB896, HB979, HB992, HB1000, HB1024, HB1050, HB1166, HB1172, HB1173, HB1193, HB1207, HB1218, HB1223, SB256, SB180, HR1, HR17, HCR5, HCR4, HCR47, HB59, HB74, HB159, HB330, HB364, HB414, HB458, HB525, HB568, HB786, HB1008, HB1033, HB1034, HB1041, HB1062, HB1070, HB1079, HB1112, HB1118, HB1139, HB1151, HB1176, HB1182, HB1196, HB1214, HB1241, HB87, HB115, HB162, HB368, HB433, HB441, HB447, HB466, HB481, HB741, HB1242, HB362, HB893, HB990, HB1007, HB1153, HB1243, SB162, SB349, SB350, SB382, SB383, SB127, SB244, HB615, HB864, HB1103, HB1175, HB31, HB225, HB608, HB664, HB897, HB977, HB1003, HB1160, HB1180, HB911, HB306, HB366, HB1161, HB1230, HB181, HB901, HR20, HR74, HB284, HB393, HB459, HB577, HB582, HB605, HB614, HB682, HB733, HB772, HB773, HB996, HB1035, HB1058, HB1082, HB1113, HB1189, HB1234, HB1240

Keywords: hunting dogs, field trials, working dogs, dog training, greyhound protection, Farm Bill, federal overreach, sportsmen, sportswomen, wildlife management, conservation, rural communities, Louisiana hunting, hunting tradition, animal welfare, dog breeders, dog owners, outdoor recreation, Kathy Taylor, musical achievements

Transcript Highlights:

• One is the extension of liquidation of $430,000 for the Early Psychosis Intervention Plus program.
• The second reappropriation proposal is to do a two-year extension for the liquidation of $7,768,000 for
• The second reappropriation proposal is to do a two-year extension for the liquidation of $7,768,000 for

Summary: The Assembly Budget Subcommittee on Health held an informational hearing on the Governor’s May Revision, focusing first on the Commission on Behavioral Health, then EMSA, and then the California Department of Public Health (CDPH). The Department of Finance said the state faces a third consecutive deficit and that the May Revision includes difficult trade-offs, including proposed eliminations or reversions of some behavioral health and public health funds. The LAO echoed concern about the structural deficit and said it was still awaiting some budget details before offering a full analysis. For the Commission on Behavioral Health, Finance proposed eliminating $20 million in Mental Health Wellness Act funds, arguing the money would help offset General Fund costs and noting future Proposition 1 innovation funding. The commission strongly opposed the cut, saying it would eliminate or delay launch-ready grants for early childhood supports, full-service partnerships, and peer respite, and would eventually end ongoing grant programming. Several advocates and commissioners testified that the funds support underserved communities and that Proposition 1 is not a substitute for the existing programs. The chair asked Finance to look for alternatives, but no vote was taken. EMSA presented mostly technical budget adjustments: increased authority for the California Poison Control System, a correction to EMSIS funding, and a reappropriation for enterprise services and data management. CDPH then reviewed a broader set of May Revision proposals, including reversions from the California Reducing Disparities Project, workforce development, STD prevention, hepatitis C prevention, hospice, and extreme heat funding, as well as a new generative AI pilot for health facility survey reporting. Members raised concerns about cuts to CRDP and gender health equity programs, especially because many grants are mid-contract and serve underserved communities; CDPH said the reversions were part of solving the deficit and that CRDP had been successful, while also clarifying that abortion.ca.gov would not be eliminated. Public comment was overwhelmingly opposed to the CRDP and related cuts, with many speakers describing the programs as life-saving and cost-effective. No formal votes or actions were taken during the hearing.

Transcript Highlights:

• assumed rate of return of 6.75% over the long term while at the same time managing risk, return, and liquidity
• assumed rate of return of 6.75% over the long term while at the same time managing risk, return, and liquidity
• managing risk<00:18:03.400> return<00:18:03.679> and risk return and risk return and liquidity
• 06.000> all<00:18:06.240> know<00:18:06.520> there's<00:18:06.799> been liquidity
• as you all know there's been liquidity as you all know there's been many<00:18:07.280> bills<

Keywords: 928, house, all

Summary: The committee first reviewed House Bill 1, focusing on the legislative branch budget, especially the Senate and House lines. Members discussed that the Senate’s fiscal year 2025 adjusted authorized amount was higher than 2024 actual spending, largely due to personnel, benefits, and travel, and one member proposed a $500,000 annual cut. Staff explained that any reduction would need to be allocated across specific line items such as personnel, benefits, and travel, and noted that the Senate budget is entirely General Funds. After discussion of how the adjusted authorized figures were calculated and why the branch no longer staffs some joint committees as it once did, the committee moved on without taking a vote on that section. The committee then heard a detailed presentation from the New Hampshire Retirement System. NHRS officials described their statutory administrative budget, which is funded through the retirement trust rather than the General Fund, and said the FY 2026-2027 increase is driven by IT modernization, cybersecurity, a new strategic plan, and additional staff positions. They also reviewed the system’s funding progress, clean audit opinions, investment performance, and changes to asset allocation, while noting that several recent pension-related laws required major database changes. Members questioned the large increase in salaries and benefits, the need for new employees versus contractors, the purpose of training costs, and the source of the Group Two benefit funding. NHRS said the governor’s budget includes General Funds for Group Two benefit changes, with $5 million in FY 2026 and $27.9 million in FY 2027, and that the figures reflect the governor’s recommendation and related HB 2 provisions. Committee members also asked about employer and employee contribution rates for Group Two police and fire members, which NHRS said were not included in the budget document but were about 31.2% for police and 30.35% for fire, with employee shares around 11.55% and 11.8%. The committee did not make a decision on the NHRS budget during this exchange and indicated it would review the details further before returning to it later. The committee then heard from the Community Development Finance Authority on the State Treasury Department budget line for the required state match to administer the federal Community Development Block Grant program. CDFA explained that its $280,000 annual request for FY 2026 and FY 2027, totaling $560,000, supports administration, technical assistance, contracting, and monitoring of roughly $19 million in annual federal CDBG funds. Members asked about the leverage of the state match, oversight of projects, staffing, and grant prioritization. CDFA said it has 18 employees, uses public hearings and a scoring system to prioritize awards, and conducts both desk and on-site monitoring, with annual audits to ensure compliance. No vote was taken on the CDFA item in the portion provided.

Transcript Highlights:

• Besides that, there are also liquid metals, which could be sodium or lead, that can be used to transfer
• Oklo is one of the liquid metal reactor technologies that is using uranium as a fuel. Thank you.

Keywords: 908, all

Transcript Highlights:

• those funds, if you will, is September 30 of this year, and then the last day to pay invoices or liquidate
• Invoices or liquidate those funds would be December 31 of this year.

Transcript Highlights:

• And again, it's always important to know, 600 cubic feet of natural gas makes 1 liquid cubic foot of
• That's a lot of conversion for gas' product into liquid product.

Bills: HB 535, HB 2120, HB 2822, HB 3243, HB 3457, HB 3544, HB 4089, HB 4192, HB 4669, HB 4868, HB 4955, HB 5253, HB 5669, SB 1371, SB 1919, SB 2001

Keywords: motor vehicle, pedestrian, bicycle, traffic safety, municipality, criminal offense, pedestrian safety, traffic regulations, municipal law, bicycle regulations, motor vehicle passing, traffic law, municipalities, bicycle operation, traffic laws, municipal regulations, port commission, Corpus Christi, Nueces County, San Patricio County

Transcript Highlights:

• And again, it's always important to know that 600 cubic feet of natural gas makes one liquid cubic foot
• That's a lot of conversion for gas products into liquid products, serving that environment.

Bills: HB535, HB2120, HB2822, HB3243, HB3457, HB3544, HB4089, HB4192, HB4669, HB4868, HB4955, HB5253, HB5669, SB1371, SB1919, SB2001

Keywords: motor vehicle, pedestrian, bicycle, traffic safety, municipality, criminal offense, pedestrian safety, traffic regulations, municipal law, bicycle regulations, motor vehicle passing, traffic law, municipalities, bicycle operation, traffic laws, municipal regulations, port commission, Corpus Christi, Nueces County, San Patricio County

Transcript Highlights:

• gives us the advantage of saying you can, we could have some money set aside and be ready, have that liquidity
• Uh, that gives us the liquidity that we need for $500 million.

Transcript Highlights:

• However, 91% of all the water, so vapor, liquid, and ice that traverses the continental United States
• Cloud seeding takes existing clouds with lots of liquid water in them and induces precipitation based

Summary: The committee considered and reported favorably several bills, most of them sponsored by Senator Rodriguez. CS/SB 164 on vessel accountability was presented as a measure to help law enforcement identify vessel owners, create a free long-term anchoring permit program, increase penalties for derelict vessel violations, and authorize grants for local governments in FWC’s prevention program; it passed without amendment. SB 388, dealing with FWC trust funds, was also reported favorably after Senator Berman asked whether non-game wildlife funds would support immigration enforcement; Senator Rodriguez said they would not. CS/SB 1320 was amended to recreate the Resilient Florida Trust Fund and then passed favorably. CS/CS/SB 344 modernizing the Telecommunications Access System was amended to define new terms and reduce the maximum surcharge from 25 cents to 15 cents, then reported favorably. CS/SB 86 on peer support for first responders expanded eligibility to support personnel and passed with broad support from law enforcement and related groups. The committee also took up CS/CS/SB 92, a hit-and-run accountability bill by Senator Gruters. The adopted amendment added a front license plate requirement, lowered the damage threshold from $5,000 to $2,500, and retained reporting requirements for repair shops. NFIB testified in opposition to parts of the bill, citing concerns about the lower threshold, short reporting deadlines, and potential license revocation, while supporters argued the bill would improve accountability and help solve hit-and-run cases. The bill was reported favorably after debate. The final and most contentious measure was CS/SB 56 by Senator Garcia, which would prohibit geoengineering and weather modification activities in Florida, repeal older weather-modification statutes, create a public reporting system at DEP, and impose penalties for violations. Supporters, including individuals identifying with weather-watch and anti-geoengineering concerns, argued that the bill would address public fears and environmental risks. A cloud-seeding company representative testified that cloud seeding is distinct from solar radiation management and said permitting should exist for responsible weather modification, while warning the bill could hinder beneficial precipitation enhancement. Despite skepticism from some members about the bill’s premise and scope, the committee reported it favorably. The meeting then concluded after members recorded missed votes and the committee adjourned.

Transcript Highlights:

• basically, the Reddit really is is a summer concert that we had before the financial consequences, liquidated
• before the financial consequences, liquidated damages for failing to meet your negotiated targets.

Keywords: 999, senate, all

Transcript Highlights:

• to take it, waste haulers want it to be filled with kitty litter or sand so that it is no longer liquid
• to take it, waste haulers want it to be filled with kitty litter or sand so that it is no longer liquid
• program, I think what you're looking at really is the state-of-the-art for a stewardship program for a liquid
• Paint being a liquid formulated product, we can't collect it unless it's in a container, so we absolutely
• containers paint being a liquid containers paint being a liquid formulated<00:54:54.319> product

Keywords: 928, house, all

Summary: The committee held a public hearing on House Bill 451, which would create a postconsumer paint stewardship program in New Hampshire. Prime sponsor Representative Karen Ebel described the bill as a bipartisan, broadly supported model based on PaintCare programs used in other states. She said consumers and businesses could drop off leftover paint at participating retailers or municipal household hazardous waste sites, with the paint then collected and recycled by the stewardship organization. She emphasized that the program is intended to reduce landfill disposal, improper dumping, and contamination of groundwater and soil, while also helping municipalities save on hazardous waste handling costs. Members asked several questions about how the program would work and how it would be funded. Ebel explained that the program would be financed by a small fee charged at the point of sale on paint products, not a general sales tax, and that retailers could either list it separately or roll it into the price. She said the fee would cover the Department of Environmental Services’ administrative costs, which were described as minimal, and that the program’s structure was developed with DES and industry input. Questions also addressed whether cans would be recycled and how collected paint would be processed; Ebel said the ACA and PaintCare representatives could provide more detail, but that the paint and containers would be handled through recycling or other approved disposal methods rather than landfilled. Representative Judy Aron, a co-sponsor and chair of the House Environment and Agriculture Committee, testified in support, saying the bill had been developed over several years with stakeholders and would keep toxic paint out of landfills while saving municipalities and taxpayers money. Representative Peter Bixby, the ranking member of Environment and Agriculture, also supported the bill, saying his committee had heard it many times and that it had strong bipartisan enthusiasm. No vote was taken during the hearing.

Transcript Highlights:

• would amend the Insurance Holding Company law to allow for group capital calculation reports and and liquidity

Transcript Highlights:

• Because of that, HPIA liquidates a portion of its investment portfolio every year to cover operating
• c><00:32:19.799> of<00:32:19.960> that<00:32:20.159> hpia<00:32:21.159> liquidates
• <00:32:21.880> a years because of that hpia liquidates a years because of that hpia liquidates
• She had mentioned that last year we had to liquidate our assets basically, and that was just to pay the

Keywords: 910, house, all

Transcript Highlights:

• congratulating the town of Auburn on its 100th anniversary of the historic launching of the world's first liquid-fueled

Keywords: 995, all

Summary: The House opened with the Pledge of Allegiance and then took up several Rules Committee reports. Members adopted resolutions congratulating Auburn on the 100th anniversary of the world’s first liquid-fueled rocket launch and welcoming Boston’s new National Women’s Soccer League team, the Boston Legacy, to Massachusetts. The House also adopted orders extending the reporting deadlines for the Committee on Revenue on two House documents into 2026. The chamber suspended joint rules to allow several petitions to proceed, including proposals on social media regulation for minors, a sick leave bank for a Department of Children and Families employee, retirement credit for a probation employee, taxation of certain foreign government pension benefits, and naming the American lobster the official crustacean of the Commonwealth. The Steering, Policy and Schedule Committee then listed bills for consideration, including measures on private road maintenance in Gloucester, property valuation and assessment fairness, municipal tax collectors, preservation of historic resource information in community preservation funds, and Salem liquor license changes. The House advanced those bills through second and third readings, then passed to be enacted local bills involving compensation for a Revere widow, a Wellesley senior tax deferment change, and a Hopkinton library trustees charter amendment. It also engrossed a bill directing the Boston Police Department to waive the maximum age requirement for a specific applicant, Edney Joseph. The session ended with a moment of silent tribute to Adrian Dolan of South Boston and an order to adjourn until the next Thursday morning in informal session.