Transcript Highlights:

• Lines 1.16 to 1.18 change the annual reduction to LGA and CPA to $10 million instead of $20 million.
• to effectuate a $20 million reduction to CPA.
• <00:04:43.759> and<00:04:44.080> removing adjusting the L LGA and CPA and removing
• to 10 million reduction to LGA and CPA to 10 million instead<00:04:59.120> of<00:04:59.600>
• CPA aid gap percentage calculation<00:05:20.160> that<00:05:20.479> was<00:05:21.120><

Keywords: 1187, senate, all

Transcript Highlights:

• We deploy every tool—CPA, deed restrictions, lease-to-locals—but it's not enough.
• wide range of incomes, which requires access to funds far beyond what typical state funds and local CPA
• wide range of incomes, which requires access to funds far beyond what typical state funds and local CPA
• We also have a sole source Far beyond what typical state funds and local CPA funds can serve.
• So any way for the legislature to require certification for planning boards and zoning boards of appeal

Keywords: 995, all

Summary: The Joint Committee on Housing held its second introductory hearing to frame the session’s housing agenda. Chairs Cyr and Haggerty described the hearing as a chance to hear a wide range of perspectives on Massachusetts’ housing crisis, including underbuilding, zoning and permitting barriers, rising costs, and the need for both state and local action. The committee heard from court, municipal, advocacy, and regional housing leaders, with recurring themes of increasing supply, preserving existing housing, preventing displacement, and expanding resources for renters and homeowners. Chief Justice Diana Horan of the Housing Court said the court is handling more than 40,000 new filings annually with only 15 judges, and estimated the court would need about 21 judges to meet demand. She described complications from RAFT-related stays, mental health and guardianship issues, aging housing stock, and the new eviction sealing law, which she said was being implemented smoothly but may require additional resources if filings continue to rise. The Massachusetts Municipal Association and MAPC emphasized that municipalities need flexibility, funding, and better tools such as MassWorks, Housing Works, H-DIP, 40R reforms, inclusionary zoning changes, and a local option transfer fee; they also said local control concerns and long permitting timelines remain major barriers. MAPC and others stressed that supply growth alone will not solve the crisis and urged continued support for subsidized housing, access to counsel, and modular/off-site construction. Advocates and housing providers focused on displacement, preservation, and tenant protections. Homes for All Massachusetts and Mass Law Reform Institute called for rent stabilization, stronger tenant protections, foreclosure prevention, elimination of junk fees, continued funding for RAFT and HomeBASE, and expanded access to counsel. Mass Union of Public Housing Tenants said the state needs far more extremely low-income housing, more operating subsidy, and major investment to repair public housing, while also supporting tenant technical assistance during redevelopment. Franklin County’s housing authority warned that rural communities are being left out of many state programs and asked for a rural LIHTC set-aside, a permanent rural credit boost, and a review of housing choice programs. A Massachusetts Taxpayers Foundation researcher presented findings that communities that add housing generally see stronger municipal finances, and that housing growth can improve property tax and state aid outcomes. Seasonal community representatives from Cape Cod, Martha’s Vineyard, and Nantucket described extreme affordability pressures and the need for tailored tools. Nantucket’s housing trust chair said the island has made progress through local funding, inclusionary zoning, and deed-restricted units, but still needs a real estate transfer fee and faster ways to preserve year-round housing. Across the hearing, members and witnesses repeatedly returned to the need for a mix of production, preservation, tenant protections, and local flexibility, rather than relying on any single policy solution.

Transcript Highlights:

• The next meeting is—are the CPAs here? Certified public accountants?
• The next meeting is—are the CPAs here? Certified public accountants?
• The next meeting—are the CPAs here? Certified public accountants?
• >> Um so we need more CPAs. >> Um so we need more CPAs.
• Representative Singh and David Pope of the CPAs. Anybody here to talk about that?

Keywords: 916, all

Summary: The chairman opened by explaining that the committee would hear proposed interim topics and then rank them by written submissions rather than debating them one by one. The Public Service Commission presented two topics: an educational session on small water utilities, citing maintenance needs, water-quality compliance, and difficulty accessing capital, and a review of civil penalties for pipeline safety violations because Wyoming’s statutory penalties are far below federal levels and could affect compliance and funding. Members and outside presenters then outlined a range of additional topics. Representative Campbell proposed work on fire protection districts and EMS districts, focusing on financial stability, mill levies, and possible county authority to combine districts and levies. He also raised public records at meetings, corporate filing fees, and fraudulent corporate filings. The Community College Commission proposed updating annexation statutes so communities can join community college districts more easily, especially where current mill-levy rules create funding issues. Senator Crago supported the fraudulent corporate filings topic and noted related technology-based solutions and overlap with blockchain issues. Other proposals included CPA “Pathways” licensing changes to address a shortage of accountants, a review of public meetings and public records laws, continuation of the electricity study with emphasis on grid reliability and large-load capacity constraints, and a broader review of the public meetings and records act. Ashley Harpstreith of the Wyoming Association of Municipalities supported extending municipal audit deadlines and described a statewide shortage of auditors and CPAs. Healthy Wyoming proposed studying health coverage options for low-income working adults, including state-sponsored or cooperative models. Representative Chestek proposed making most nonpartisan county offices elected on a nonpartisan basis. No votes or final selections were taken in the portion provided; the committee mainly heard testimony and discussed whether topics should be assigned to this committee or another one.

Transcript Highlights:

• have advised me attorneys and our CPA have advised me not<00:23:51.280> to<00:23:51.440> do
• There's no certification. There's no testing for contaminants.
• There's<00:51:01.440> no<00:51:01.599> certification.
• <00:51:02.400> There's<00:51:02.640> no There's no certification.
• There's no There's no certification.

Keywords: 1191, senate, all

Transcript Highlights:

• fundamental swcds who we task with a fundamental part<00:19:49.640> of<00:19:49.760> certification
• of these lands in part of certification of these lands in this<00:19:51.400> act<00:19:51.840
• I am a CPA and landowner in the city of Independence, Minnesota.
• and<00:54:13.559> land<00:54:13.799> owner<00:54:14.240> in today um I am a CPA
• and land owner in today um I am a CPA and land owner in the<00:54:14.480> city<00:54:14.680><

Keywords: 1187, senate, all

Transcript Highlights:

• We've talked with some CPAs who have taken a look at what the department has issued to date.
• It does help the CPAs. It does help everybody to work on it.
• It does help everybody, it does help the CPAs, it does help everybody to work on it.
• We heard from the representatives of the Society of CPAs that that's how the CPA community interprets
• We heard from the representatives of the Society of CPAs that that's how the CPA community interprets

Keywords: 1182, all

Summary: The joint House Ways and Means and Senate Finance committees met to hear identical conformity bills, HB 2153 and SB 1106, which would align Arizona tax law with the federal Internal Revenue Code as of Jan. 1, 2026, including some retroactive provisions for tax year 2025. Staff explained that the bills would exclude three federal provisions: the higher federal SALT deduction, the new senior deduction as written in H.R. 1, and the deduction for interest on new car loans. They would instead include a $6,000 retirement-income deduction for taxpayers age 60 and older, a $6,000 Roth IRA contribution deduction, a higher dependent tax credit, and a deduction for child and dependent care expenses above the federal credit. JLBC estimated the package would reduce general fund income tax revenue by about $441.3 million in FY 2026. Members also discussed that the Department of Revenue’s forms had been issued assuming full conformity, and staff and supporters argued the bills were needed quickly to avoid confusion and amended returns during filing season. Committee members and sponsors largely framed the bills as tax relief and a way to provide certainty for taxpayers and preparers. Supporters said the package would help families, seniors, and workers, and noted that the Arizona version was negotiated to keep the overall tax relief roughly comparable to full conformity while shifting benefits away from the SALT deduction and toward child credits, retirement income, and child care. The sponsors also criticized the governor’s executive action and urged prompt passage so taxpayers would know how to file. Opponents argued the bills would reduce state revenue, worsen the budget outlook, and disproportionately benefit higher-income taxpayers and corporations. Several witnesses and members also raised concerns about the child care deduction, the retirement-income deduction, and the business expensing provisions, while supporters responded that the bill was designed to help working families and encourage saving and investment. Public testimony was mixed. The Arizona Society of Certified Public Accountants and the Arizona Free Enterprise Club supported the bills, emphasizing early conformity, filing certainty, and reduced confusion for taxpayers and software providers. Opponents included Save Our Schools Arizona, the Arizona Center for Economic Progress, Opportunity Arizona, and several individuals, who argued the package would deepen budget problems and favor the wealthy. One witness objected to a federal school-choice-related provision she said was being tied to the bill, though committee members said the measure before them was a tax conformity bill and not a school finance bill. The hearing included extended debate over the fiscal impact, the governor’s prior requests for some of the same tax changes, and whether taxpayers would need to file amended returns if the legislature later changed course. The transcript ends during testimony from NFIB, with no final committee vote or action shown in the excerpt.

Transcript Highlights:

• Percent, roughly, of APRNs come out of their bachelor's program, get their APRN certification off the
• I have to be mentored for two years under an existing CPA to get that broad brush of everything you can
• And I'm not an online certificate kind of guy. That's not what I'm talking about.
• As a CPA, I can study things fairly analytically and understand what...

Bills: SB128, SB640, SB672, SB904, SB1141, SB1263, SB1525, SB1528, SB2041, SB2306, SB2308, SB2357, SB2446, SB2695, SB2857, SB2891, SB2583

Keywords: hospital reporting, child abuse, neglect, administrative penalty, medical ethics, child protection, SB 640, Texas Family Code, Department of Family and Protective Services, DFPS, child welfare, foster care, managing conservatorship, suicide attempt, youth suicide, mental health, child protective services, state custody, annual report, reporting requirements

Transcript Highlights:

• In 2005, that county received $800,000 in CPA.
• They're getting their CPA out potentially wiped out.
• $1.1 Million Filmore County's CPA $1.1 Million Filmore County's CPA increase<00:30:15.080> in
• <00:30:20.760> out they're getting their CPA out they're getting their CPA out potentially
• Thank you for bringing up the issue regarding CPA again.

Keywords: 1183, house

Transcript Highlights:

• JASON HARRELL, FLORIDA INSTITUTE OF CPAS IS AN OPPONENT. DO YOU WISH TO SPEAK? COME ON DOWN.
• JASON HARRELL REPRESENTING FLORIDA CPA.
• WE WANT EVERYONE TO KNOW THE CPA PROFESSION TO SUPPORT EFFICIENCIES.
• JEANETTE LEE THIS PROPOSAL WOULD PUT FLORIDA CPA AT A DISADVANTAGE IN OUT ALIGN WITH OTHER STATES AND
• THIS WILL KEEP PUT FORWARD A CPA IN A WORSE POSITION.

Bills: S0212, S0218, S0442, S0460, S0532, S0554, S0644, S0686, S0692, S1054, S1106, S1128, S1134, S1138, S1338, S1434, S1506, S1620, S1748

Keywords: sexual offender, sexual predator, sex offender registry, child protection, residency restriction, loitering, proximity restriction, public swimming pool, school safety, child care facility, day care center, park, playground, conditional release, probation, community control, warrantless arrest, background check, registry screening, minor victims

Summary: The committee first considered SB 1434 on infill redevelopment. A late-filed strike-all amendment narrowed eligibility criteria, including environmental and adjacency requirements, density and intensity limits, and exclusions for certain lands and military areas. The amendment was adopted without opposition, and the bill then passed favorably on an 8-0 vote, with testimony both for and against from advocacy groups. Members then heard several bills related to criminal justice, land use, and local government operations. SB 212 on sexual offenders and sexual predators was amended to add public swimming pools and related restricted-location provisions; the committee heard extensive opposition testimony arguing the bill lacked empirical support and could worsen homelessness and burden families, while supporters said it would reduce temptation and improve safety. The amended bill passed 8-1. SB 686 on agricultural enclaves also received a strike-all amendment clarifying development allowances near interstates and protected-area non-preemption; after opposition from a county Republican committee and support from housing and business groups, it passed 10-0. SB 554 updating nonprofit corporation law, SB 1338 on charitable giving and endowment restrictions, SB 532 on court fee retention by clerks, and SB 218 on land use regulations after hurricanes all passed favorably, each with little or no opposition. The committee also approved SB 692 on cybersecurity standards and liability after debate over whether the bill created enough compliance incentives and whether its liability presumption should apply retroactively; supporters said it would encourage adoption of cybersecurity frameworks, while opponents warned it could weaken local standards and create litigation issues. The bill passed 9-2. SB 1138 on qualified contractors was amended to preserve local government authority while allowing licensed professionals to conduct limited pre-application reviews, and it passed 11-0. Finally, SJR 1104 on religious expression in public schools passed 8-3 after extensive public testimony and debate, with supporters saying it would enshrine existing protections in the Constitution and opponents warning it would favor majority religions and increase bullying and litigation. The committee then took up SB 1106 on requiring state agencies and instructional materials to use “Judea and Samaria” instead of “West Bank,” with the sponsor arguing it reflected historical truth and opponents saying it erased Palestinian identity and inserted the state into an international naming dispute; the transcript ends during public testimony on that bill before any vote is shown.

Transcript Highlights:

• In the second year, these fire marshals must provide proof of certification of basic fire marshal training
• ensures those appointed as fire marshals in unincorporated counties meet professional, consistent certification

Bills: SB3038, SB3045, SB3065, SB3069, SB3071, HB2025, HB2149, HB3370, HB4205, HB4506, HB5424, HB5652, HB24, HB3687, HB24

Keywords: Fort Bend County, Municipal Utility District, MUD, special district, Rosenberg, Texas Commission on Environmental Quality, TCEQ, ad valorem tax, bond issuance, assessments, fees, taxes, eminent domain, road district, storm drainage, infrastructure financing, development agreement, municipal consent, temporary directors, public utility district

Bills: HB24, SB3038, SB3045, SB3065, SB3069, SB3071, HB2025, HB2149, HB3370, HB4205, HB4506, HB5424, HB5652, HB24, HB3687

Keywords: groundwater, conservation, water permits, sustainability, resource management, Fort Bend County, Municipal Utility District, MUD, special district, Rosenberg, Texas Commission on Environmental Quality, TCEQ, ad valorem tax, bond issuance, assessments, fees, taxes, eminent domain, road district, storm drainage

Transcript Highlights:

• model will also assist lobbyists in fulfilling their training duty, which is part of the lobbyist certification
• doesn’t block it, especially if you are a current elected official; you are required to show your certificate
• doesn’t block it, especially if you are a current elected official; you are required to show your certificate
• And then I realized it was a very specific training that you needed, like not anybody who was a CPA or
• Specific training that you needed, like not anybody who was a CPA or new finance could just do this.

Summary: The Assembly Elections Committee met as a subcommittee until quorum was established, then heard a series of election- and public-trust-related bills. Early items included AB 2592, which would move lobbyist training from legislative ethics committees to the FPPC starting in 2029 and make it available online on demand; it drew support from the FPPC and an oppose-unless-amended request to make the training public and ensure lobbyists pay fees. AB 2573 would refine California’s confidential voter registration protections for candidates and elected officials, with support from the Secretary of State and county election officials after amendments narrowed some family-member coverage. AB 2753 would bar registered sex offenders from running for or holding local or state office; it prompted extended debate about public trust, second chances, and where to draw the line, but was ultimately advanced on a 5-0 vote with one member not voting. AB 2691 similarly would expand disqualifying felony convictions to include sexual assault and human trafficking, and it also passed 5-0 after testimony from victim advocates and discussion about survivors, restorative justice, and the power dynamics involved in public office. The committee also advanced AB 2413, which would prohibit public funds from being used for large-format ads featuring elected officials, and AB 2281, which would direct the Office of Election Cybersecurity to assess replacement resources after federal cybersecurity support cuts and allow consultation with academic researchers. AB 1664 would require local election officials to notify the Secretary of State and Attorney General within one business day of warrants, subpoenas, or investigations involving election records or voting systems; supporters said it would help the state respond quickly to improper seizure of election materials, and it passed 5-0. AB 2484, concerning San Diego MTS, would let voters authorize a local sales tax initiative for transit funding and exempt it from an existing cap; it drew support from transit leaders and labor, opposition from the Realtors, and a lengthy exchange over Prop. 13, Prop. 218, and whether the measure created a special deal, before passing 6-1. The committee then heard AB 2230, which would create buffer zones around voting centers and child care facilities to keep immigration enforcement away from those locations. The author said the bill was meant to reduce fear and intimidation for voters and families, while the opposition argued it was unenforceable, lacked evidence of a problem, and would interfere with federal officers doing their jobs. Members supporting the bill cited reported ICE profiling and intimidation in California communities, while others raised jurisdictional and practical concerns. The transcript ends during this debate, with no final vote shown for AB 2230.

Transcript Highlights:

• Florida needs more licensed CPAs to help support a strong and growing economy.
• Above all, the bill seeks to modernize CPA licensure in Florida, strengthening the profession and securing
• components of this bill are first that the Public Service Commission would be expanded to include a CPA
• So, well, these are assessing, literally, I mean, President Gates is asking for a CPA and a financial
• analyst, of which the utility companies have CPAs and financial analysts.

Summary: The Committee on Regulated Industries met with a quorum and took up four bills. SB 288 on rural electric cooperatives was presented as a negotiated glitch bill to narrow statutory language so co-ops can choose generation and power purchases based on cost and reliability without exposure to special-interest litigation, while preserving consumer protections. A representative from the Florida Electric Cooperatives Association waived in support, and the bill was reported favorably. The committee then considered SB 364 on public accountancy, which was described as a modernization and efficiency measure to expand CPA licensure pathways without lowering standards. An amendment correcting a drafting error and restoring automatic mobility language was adopted without objection. Jason Harrell of FICPA waived in support, while one speaker appeared to discuss a utility issue unrelated to the bill. CS for SB 364 was reported favorably. Chair Bradley’s SB 200 on utilities addressed utility-scale solar decommissioning and storm protection plans. The bill would authorize counties to adopt solar decommissioning ordinances, direct DEP to develop best practices, and require the PSC to consider whether storm protection plan benefits exceed costs. County and AARP representatives waived in support, and the Small County Coalition spoke favorably, saying the bill was a needed step that did not restrict solar development. SB 200 was considered favorably. The committee also heard SB 126 on the Florida Public Service Commission, a strike-all bill focused on PSC reform and utility affordability. The amendment would add CPA and financial analyst expertise, require stronger PSC order support, tighten intervention standards, set return-on-equity and review criteria, require consideration of executive compensation and affordability, and direct the PSC to weigh risk from storm and cost-recovery mechanisms. PSC staff answered extensive questions about utility hardening, storm recovery, and rate-setting. Supporters said the bill would improve accountability and affordability, while others urged stronger enforceable affordability standards and restoration of the return-on-equity cap. Despite concerns, the bill was reported favorably as CS for SB 126.

Transcript Highlights:

• Professional service providers—the CPAs, contractors, maintenance workers—they lose steady clients.
• Well, there is no credentialing program across the country yet, but there are certifications that have
• My focus today is on supporting Bill H.100, which would provide certification for our digital navigators
• Certification builds a statewide network of skilled professionals who are equipped to close digital equity
• Thanks to CPA funding, Billerica Town Meeting support, and BATV's capital investment, Thanks to CPA funding

Keywords: 995, all

Summary: The committee held its second hearing on a large docket of technology, internet, cybersecurity, broadband, and media bills. Early testimony focused on community media funding legislation, with lawmakers and local access advocates arguing that as cable subscriptions decline and streaming grows, revenue tied to cable franchises no longer supports community television and PEG programming. Supporters said community media remains a key source of local news, government meeting coverage, and civic transparency as newspapers disappear or consolidate. A related bill on cable contract oversight also drew support, with testimony that the Department of Telecommunications and Cable is backlogged and should more actively review municipal-provider agreements and report its workload to the committee. Another major topic was a proposal to create a Massachusetts Innovation Fund for state IT modernization. The Alliance for Digital Innovation backed the bill, saying agencies need flexible upfront capital to replace outdated systems and improve cybersecurity, and pointing to the federal Technology Modernization Fund as a model. The witness noted that funding for the state program still needs to be identified. The committee also heard strong support for a bill requiring free broadband in public housing, with Rep. Emmela Goodwin and MAPC describing internet access as essential for jobs, school, telehealth, and civic participation. They said the digital divide in Massachusetts is driven largely by affordability rather than infrastructure, though questions were raised about costs, wiring, and whether all housing sites already have broadband access available at the curb. A substantial portion of the hearing centered on bills to limit addictive social media feeds for minors. Supporters, including lawmakers, parents, teens, and advocacy groups, argued that algorithmic feeds contribute to addiction, anxiety, body image problems, and other harms, and said the bills would restrict surveillance-based curation and overnight notifications while leaving search and followed accounts available. Opponents, including FIRE, CCIA, and the Taxpayers Protection Alliance, argued the bills would require invasive age verification, threaten privacy and cybersecurity, burden adults’ anonymity, and likely face First Amendment challenges. They also warned the measures could disadvantage smaller businesses and may be unconstitutional based on recent court rulings in other states. The committee also heard support for blockchain-related bills creating a commission, a pilot program, and consumer education efforts, with testimony that Massachusetts has the talent but needs a coordinated state strategy. No votes or final actions were taken during the hearing.

Transcript Highlights:

• Florida needs more licensed CPAs to help support a strong and growing economy.
• Above all, the bill seeks to modernize CPA licensure in Florida, strengthening the profession and securing
• Commission would be expanded to include a CPA and financial analyst skills and credentials not present
• So, well, these are assessing, literally, I mean, President Gates is asking for a CPA and a financial
• analyst, of which the utility companies have CPAs and financial analysts.

Summary: The Committee on Regulated Industries met with a quorum and considered four bills, all of which were reported favorably. SB 288 on rural electric cooperatives was presented as a negotiated “glitch bill” to narrow statutory language so co-ops can choose generation and power purchases based on cost and reliability without exposure to lawsuits aimed at banning fuel sources; it was supported by the Florida Electric Cooperatives Association and passed without debate. SB 364 on public accountancy was described as a modernization and licensure-efficiency bill to increase the supply of CPAs; an amendment correcting a drafting error and restoring automatic mobility language was adopted without objection, and the bill as amended was reported favorably. A public comment on the bill was briefly redirected after it appeared to address a different subject. The committee then took up SB 200 on utilities, which addresses solar decommissioning and storm protection plans. Chair Bradley said the bill would authorize counties to require decommissioning plans for utility-scale solar facilities at the end of their useful life, direct DEP to develop best management practices, and require the Public Service Commission to consider whether storm protection plan costs are reasonable relative to expected customer benefits. County and consumer groups spoke in support, and the Small County Coalition said the bill was a needed step that did not restrict solar development; the bill was reported favorably. Finally, the committee considered SB 126 on the Florida Public Service Commission, which was presented as a reform and “glitch” bill and amended to add CPA and financial analyst expertise, require stronger PSC order explanations, tighten intervention requirements, cap returns on equity at the national average for comparable utilities, set periodic ROE review schedules, and require affordability to be considered in rate-related proceedings. The PSC staff deputy executive director answered extensive questions about storm hardening, cost recovery, risk, and affordability. Several members and public speakers supported the bill’s goals but raised concerns about the affordability standard, the ROE cap, and comparisons to other states; others said the bill would improve transparency and accountability. The amendment was adopted, and CS for SB 126 was reported favorably. The committee then adjourned.

Transcript Highlights:

• Larger grain buyers, yes, you still need to do the full CPA audit.
• I don't, you know, I don't make enough money to cover an $18,000 CPA bill."
• yes, you still need to do the full CPA yes, you still need to do the full CPA audit.<00:25:49.440
• I don't, you know, I $18,000 CPA bill.
• So, that was one of $18,000 CPA bill.

Keywords: 1187, senate, all

Transcript Highlights:

• $6.94 million would be new money for capital projects, and $470,000 will refinance the Series 2015 certificates
• There was an addition of $2,708 for an accounting CPA fee.

Keywords: 974, senate, all

Summary: The State Bond Commission met on May 21 with a quorum present and approved the April 16 minutes. The commission then reviewed and approved a large slate of local government and public authority financing requests, including election propositions for the November ballot, water and sewer infrastructure projects, fire protection and recreation district bonds, school board financing, and several refunding transactions. Most items were found to meet technical requirements and were approved on motions by Speaker DeVillier and seconded by Senator Talbot. Among the more notable items were the East Baton Rouge City-Parish refunding bonds for the Greater Baton Rouge Airport District, the City of Kenner’s retroactive approval request tied to a convention center agreement with GMB Basketball LLC, a Louisiana Housing Corporation financing increase for the Federal City Building 10 affordable housing project, and preliminary approval for the Northwest Louisiana Finance Authority’s Petro Tower redevelopment in Shreveport. The commission also approved financing for Southern University’s Scott’s Bluff student housing project and the Crescent City Schools/Harriet Tubman Charter School project. The Crescent City Schools item prompted questions about how MFP funds are used; staff explained that lease payments would support the bonds and that MFP funds are generally split between educational expenses and facilities-related costs. The commission received six monthly cost-of-issuance reports, which required no action, and a status update on the state debt schedule. It also approved Resolution No. 2 authorizing up to $425 million in general obligation refunding bonds to refund the Series 2016 bonds and tender other outstanding bonds for savings, with pricing tentatively set for June 16 and closing for June 30. During other business, New Orleans City Council President J.P. Morel thanked the commission for its role in helping address the city’s fiscal crisis and for approving a charter amendment election item aimed at strengthening budget oversight. The meeting adjourned after no further business.

Transcript Highlights:

• $6.94 million would be new money for capital projects, and $470,000 will refinance the Series 2015 certificates
• There was an addition of $2,708 for an accounting CPA fee.

Summary: The State Bond Commission met on May 21, established a quorum, approved the April 16 minutes, and then considered a long agenda of bond, refunding, and election-related requests. Items 3 through 10 were election propositions for the November 3 ballot involving ad valorem taxes, parcel fees, and charter amendments for purposes such as fire protection, agricultural centers, neighborhood security, recreation, aging services, drainage, and roads and bridges; staff said they met technical and legal requirements, and the commission approved them. The commission also approved several local financings, including water and sewer projects, fire district equipment and facility improvements, school board and parish bonds, and refunding transactions for the East Baton Rouge City-Parish and St. James Parish School Board. A retroactive approval request from the City of Kenner related to a CEA with GMB Basketball LLC was discussed; staff made no recommendation because it was retroactive, but noted it appeared to be an oversight, and item 22, the related airport district agreement, was approved. The commission approved additional financing for the Louisiana Housing Corporation’s Federal City Building 10 affordable housing project, a preliminary approval for the Northwest Louisiana Finance Authority’s Petro Tower redevelopment in Shreveport, and two Louisiana Public Facilities Authority projects: Southern University’s Scott’s Bluff student housing project and the Crescent City Schools project for Harriet Tubman Charter School. During discussion of the Crescent City Schools financing, a commissioner asked about the use of MFP funds; staff explained that lease payments would be the repayment source and that MFP dollars are generally split between educational expenses and facilities costs, with the school’s typical split around 72% instructional and 28% administrative/facilities-related. Both items were approved. The commission then received six cost-of-issuance reports for previously approved bond issues, with various fee adjustments but no motions required. It also reviewed a debt schedule update and adopted Resolution No. 2 authorizing up to $425 million in general obligation refunding bonds to refund Series 2016 bonds and tender other outstanding bonds for savings, with pricing tentatively set for June 16 and closing for June 30. In other business, the commission heard a brief public comment from New Orleans City Council President J.P. Morrell thanking the commission for helping place a charter amendment on the ballot to improve New Orleans budgeting transparency and oversight. The meeting ended after monthly reports were noted and no further business was raised.

Transcript Highlights:

• Those are professional engineers, attorneys. attorneys, CPAs, that type of thing.
• related to both electricity and water rates of various types. types, and certificates of convenience

Keywords: 1184, house, all