Transcript Highlights:

• And so if you loan yourself anything over $1,000, you must report it as a loan and must deposit that
• You just show that it's a loan.
• If you are, then it's just the cash you loaned yourself.
• The main thing this does is if we loan ourselves money.
• I put it in as a loan. If it's a... And then I can do that. I put it in as a loan.

Transcript Highlights:

• we close the loan.
• Nothing about a loan.
• It's not that they need the loan in order to do that.
• So we have a USDA loan-grant combination for $7.8 million. Four million of that is a loan.
• So we have a USDA loan grant combination for $7.8 million.

Summary: The Water Sector Commission met with a quorum and first approved the minutes from the prior meeting. Chairmen reminded members that no funding had yet been appropriated for future Water Sector awards, so any discussion of upcoming projects remained speculative until the legislature acts. The committee then moved through a series of deadline extension requests for phase two state-funded projects, including Delcambre, Faraday, Meyer Branch Water Corporation, and Waterworks District No. 1 of Pointe Coupee Parish. Each extension was approved after brief discussion, including testimony explaining local match timing, consolidation agreements, and project delays. The committee next considered several phase one ARPA-funded requests. St. Tammany Parish Project 845 received approval for a scope change to relocate an unmarked fiber optic line discovered during construction. Tallulah’s mayor gave an extended update on the city’s water rehabilitation project, explaining that the original project had been bid twice, that the state had already completed some emergency work, and that the city wanted to isolate the purchase of four permanent media filters and related electrical work from the original rehab plan. Members questioned whether the request was a scope change or a partial implementation of the original project, but ultimately approved it. The committee also approved additional funding for the City of Kaplan’s sewer project and for Ponchatoula’s sewer project, with Ponchatoula explaining that the increase covered emergency levee repair, miscellaneous equipment and safety items, and a force main reroute around unmarked fiber and other obstacles. St. Martin Parish Water Project 1001 was approved for additional funding after engineers explained that the final well site and related work cost more than originally estimated, though the project remained within the original consolidation plan. West Allen Water Works also received approval for additional funding after its new groundwater well encountered unexpected geologic problems; the contractor and engineers agreed to reduce their fees to preserve the project’s match structure, and members asked that the in-kind match be clearly documented for JLCB. By contrast, Tensaw Water Distribution Association’s large request for additional funding to complete a consolidation with Newelton drew significant concern over cost growth and timing. After discussion of the project’s scope, the need to serve Newelton, and the possibility of future reapplication or further value engineering, the committee voted to defer the Tensaw item to the next meeting for more review. At the end of the meeting, staff reported that 42.11% of ARPA funds remained and reviewed a list of high-risk projects, noting that the committee was trying to ensure ARPA dollars are drawn first and reconciled properly before deadlines. Members discussed the need to ground-truth self-reported project status and potentially adjust procedures to better track construction progress and final draws. The meeting concluded with no subfund or termination items and adjourned after a motion by Senator Bass.

Transcript Highlights:

• As a portfolio lender, we service all of those loans in-house.
• MassHousing also offers homeownership loans in-house.
• When MassHousing makes two different types of loans, it will make a construction loan, where it provides
• The loans perform exceptionally well.
• The loans perform exceptionally well.

Committee: Joint Joint Committee on Housing

Summary: The Joint Committee on Housing opened its second hearing of the session with remarks from Chairs Haggerty and Cyr emphasizing that the hearing was a broad look at Massachusetts’ housing crisis rather than a single bill. They highlighted topics including zoning, permitting, rental assistance, public housing, homelessness prevention, and housing production. The first witness, Housing and Livable Communities Secretary Augustus, reviewed implementation of the Affordable Homes Act and the state’s new housing plan, citing a 1.6% vacancy rate, a projected need for 222,000 new homes over 10 years, and ongoing efforts such as ADUs by right, fair housing enforcement, eviction record sealing, seasonal communities planning, and new funding for affordable housing, public housing, and the Momentum Fund. He also discussed infrastructure support for municipalities, technical assistance for ADUs, and concerns about possible federal funding cuts. Committee members questioned the secretary about ADU financing and technical assistance, the likely unit yield from the Affordable Homes Act, infrastructure barriers in suburban and rural communities, public housing waitlist management, supportive housing, and federal budget risks. MassNAHRO then testified that public housing authorities are facing rising operating and capital costs, a statewide waitlist nearing 300,000, and uncertainty over federal Section 8 and HUD funding. Witnesses described recent state support for operating subsidies, capital improvements, vacancy turnover teams, and resident service coordinators, while warning that proposed federal cuts could sharply affect voucher issuance and agency operations. CDAC’s executive director Roger Herzog described the agency’s role as a quasi-public source of early-stage financing and technical assistance for nonprofit housing developers, noting its loan capital, supportive housing bond programs, home modification loans, and preservation work under Chapter 40T. He said CDAC has helped produce or preserve more than 55,000 units and stressed the importance of patient capital and preservation tools. CHAPA CEO Rachel Heller urged the committee to focus on production, preservation, planning, and political will, supporting goals for affordability, supportive housing, and homeownership, and endorsing policy changes such as YIGBY, clearer site plan review rules, stronger fair housing funding, and more support for vouchers and public housing. MassHousing then outlined its financing role, including mortgage lending, down payment assistance, the Community Climate Bank, and the Momentum Fund, while noting that permitting delays, capital gaps, and possible federal changes could affect production. Members also asked about transparency, prevailing wage compliance, and a recent internal restructuring related to diversity and business engagement.

Transcript Highlights:

• </c> states that that manage uh loan states that that manage uh loan programs,<00:07:04.880><c> we</c
• </c><00:07:46.800><c> program</c> uh be able to develop the loan program uh be able to develop the loan
• She does our loans. We have Alandria. She does our loans.
• :10:19.120><c> about</c><00:10:19.440><c> five</c> loans and about what about five loans and about what
• So, some of them are Handsome loans.

Summary: The meeting opened with a quorum, approval of the September 18, 2025 minutes, and a staff update on recent tobacco settlement-funded agriculture activities. The agriculture side highlighted Commissioner Shell’s outreach, including school visits, farm visits, and speaking engagements in Kentucky and a trip to Tennessee to discuss program models. A representative also described a national conference in Iowa, where Kentucky’s agriculture finance program was praised as a $180 million loan program built with tobacco settlement funds. The board noted September approvals totaling $950,000 for the agriculture development board and $3.3 million for the finance corporation, along with staff activity such as site visits, program closures, and project reports. The board also announced that the KKMP report covering 2015-2022 would be distributed and that the annual report, marking the program’s 25th anniversary, was being prepared. The board then reviewed two featured projects. The Organic Association of Kentucky requested $425,000 for organic producer support, but the board approved only one year of funding at $29,000, with members noting concern about recurring applicants and the need to evaluate long-term funding. The second project, by Joseph Dale Bentley in Lewis County, sought $51,300 to expand a small ruminant facility for goat production and export. Members were particularly interested because the project was already operating and creating market opportunities for Kentucky goat producers; the board approved half the project cost to help expand infrastructure and potentially allow quarantining on site. The cabinet then presented its annual update on tobacco settlement fund use in public health. Julie Brooks, Sarah Johnson, and Andrea Day reported on the HANS home visitation program, tobacco prevention and cessation efforts, lung cancer screening, and early childhood oral health. HANS served more families in FY25, rising from 6,293 to 6,715, and increased services from 139,943 to over 143,000. Tobacco prevention and cessation programs continued to support Quit Now Kentucky and My Life, My Quit, though officials noted federal uncertainty and the loss of federal tobacco control infrastructure. They also reported a slight decline in student outreach and cessation requests, but continued demand from schools and communities for vaping and nicotine prevention support. Lung cancer screening expanded to 55 screens, with Kentucky cited as a model for other states due to improved incidence, survival, and early detection rates. Early oral health efforts continued through local health departments, with more trainings for public health nurses, continued varnish kits, and expanded support for dental graduates and hygiene teams.

Transcript Highlights:

• It authorizes the Metropolitan Transportation Commission to use the proceeds of the loan to offer loans
• the repayment of the loan with interest and secures the repayment of the loan with the State Transit
• So this is a loan from the TIRCP program that needs to be paid.
• It's only a loan, and it's very modest.
• It is a loan that is being paid back by interest.

Summary: The Senate first took up two budget-related transportation trailer bills. AB 107 was described as a budget junior bill making technical corrections, updating federal appropriations by about $15 million, and exempting certain Proposition 4 appropriations from the Administrative Procedures Act to speed spending; Senator Niello objected to the transparency implications, but the bill passed 28-10. AB 117 then authorized a $590 million state loan from the Transit and Intercity Rail Capital Program to the Metropolitan Transportation Commission to provide operating support to Bay Area transit agencies, with repayment secured by transit assistance revenues and interest; supporters called it an emergency bridge to prevent major service cuts at BART, Muni, AC Transit, and Caltrain, while critics questioned ridership recovery, governance, and accountability. The measure passed 28-9 after extensive debate, with several senators emphasizing both Bay Area urgency and the need for broader statewide transit funding and reform. The Senate then confirmed two California Air Resources Board appointees. Linda Hopkins, Sonoma County supervisor and air district chair, was confirmed after brief support from Senator Becker highlighting her rural North Bay perspective. Patricia Locke Dawson, Riverside mayor and South Bay air district representative, was also confirmed, with Senator Becker again praising her academic and practical background. Both confirmations passed on largely party-line votes with broad support from the majority and opposition from a small group of Republicans. The chamber next considered SCR 89, a resolution by Senator Smallwood-Cuevas condemning federal attacks on diversity, equity, and inclusion programs under President Trump. Supporters from both parties and multiple caucuses framed DEI as essential to civil rights, education, workforce development, national defense, and inclusion for marginalized communities, while the author argued California must resist federal rollbacks. The resolution passed after a lengthy debate and roll call, with several senators also using the discussion to share personal experiences with educational access and discrimination. Finally, the Senate took up SCR 78, authored by Senator Cabaldon, commemorating the forced incarceration of Japanese Americans during World War II and warning against repeating such abuses. Senators from across the chamber spoke in support, citing the injustice of Executive Order 9066, the resilience and military service of Japanese Americans, and the importance of museums and historic sites such as Manzanar and the Japanese American National Museum. The resolution was presented as both remembrance and a caution against fear-driven policies and erosion of due process.

Transcript Highlights:

• It authorizes the Metropolitan Transportation Commission to use the proceeds of the loan to offer loans
• the repayment of the loan with interest and secures the repayment of the loan with the State Transit
• So this is a loan from the TIRCP program that needs to be paid.
• If they can't pay this loan, it's another debt for them. Thank you.
• It is a loan that is being paid back by interest.

Transcript Highlights:

• </c> requirement for the any initial loan requirement for the any initial loan they<00:06:04.280><c>
• </c><00:26:40.679><c> and</c> apply for the for the loans and apply for the for the loans and everything
• Our first testifier for this measure is HHFDC in support. loans in the form of unit Equity through loans
• What are the loan terms?
• So it's a 10-year loan, and then the loan would be repaid at that time.

Summary: The committee heard testimony on SB 834, which would change restrictions on transfers of real property under chapter 201H, HRS, and was discussed in the context of Hawaiian homelands and HHFDC-funded projects. Supporters, including HHFDC, DHHL, and individual testifiers, said the bill would clarify that Hawaiian homelands should not be subject to the 201H buyback and appreciation restrictions, while preserving affordability requirements tied to federal mortgage and tax credit programs. HHFDC explained that the main concern was the buyback/share-appreciation provisions, especially for DHHL projects using LIHTC or similar financing, and said aligning the statute with DHHL’s program goals would not be a problem. Members questioned whether removing the restrictions could weaken affordability protections, and whether the state could still prioritize beneficiaries and workforce housing, but no vote was taken in the portion provided. The committee then took up SB 759, which would add the DHHL chairperson or designee to the HHFDC board of directors and adjust quorum requirements. DHHL and several supporters argued the measure would give Hawaiian Homes a seat at the table, improve access to HHFDC funding sources such as tax credits, private activity bonds, and revolving funds, and help leverage limited resources to reduce the Hawaiian Homes waitlist. One testifier supported the bill but urged safeguards to prevent favoritism or abuse of power, and another raised concerns about whether a DHHL representative would need to recuse from voting on projects involving DHHL. HHFDC testified that DHHL projects still must compete under the same criteria and set-asides as other applicants, and that the board already includes multiple public and executive representatives. Members pressed on whether DHHL could achieve the same informational goals without a voting seat, and whether the added board role would create leverage or conflicts. The DHHL witness said a nonvoting role could provide information, but a voting seat would be more useful for decision-making and advocacy. The discussion also covered DHHL’s use of LIHTC, rent-to-own models, transitional housing, and other layered financing, as well as the broader need to coordinate state housing resources. The transcript ends during continued questioning, with no final committee action or vote shown.

Transcript Highlights:

• </c><00:51:01.440><c> for</c> the department offers direct loans for the department offers direct loans
• </c> through loans. through loans.
• And are these loans for home improvements or for stuff like that, or what are the loans primarily used
• Any mortgage loans?
• Any mortgage loans?

Summary: The Act 279 working group met for an informational briefing with DHHL on its use of the $600 million appropriation and progress on the department’s implementation plan. The chair reviewed the working group’s oversight role, noting that it was created to monitor expenditures, project development, and progress toward reducing the Hawaiian Homes waitlist, and that the group must submit a progress report before the 2026 session and a final report before the 2027 session. DHHL said it had provided an updated booklet reflecting the Hawaiian Homes Commission’s February 2024 recommendations and a detailed accounting of encumbrances and project progress across the islands. DHHL highlighted several implementation themes: innovative financing and construction methods, land acquisitions and exchanges, technology, beneficiary services, and partnerships with counties and private entities. The department described a “project lease” model that gives beneficiaries access to a project rather than a specific lot, with options such as turnkey homes, owner-builder, self-help, or rent-to-purchase arrangements depending on financial qualification. Officials said this approach is intended to serve lower-income beneficiaries, expand access for people on the waitlist, and allow beneficiaries to receive support services such as financial literacy and down payment assistance. The department reported that roughly $511 million had been encumbered for infrastructure, about $152.8 million for acquisitions, financing, and beneficiary services, and about $36 million in other covered costs, with about $588.9 million encumbered as of December 31 and about $120 million expected to be spent by that date. Officials said the original implementation plan covered about 2,722 units, while the updated plan projects roughly 6,000 to 7,000 leases and 2,472 lots to be occupied. They also described phase-two needs for additional funding, including projects on Hawaiʻi, Maui, Kauaʻi, and Oʻahu, and said they would need continued legislative support, including possible bonding and private activity bond set-asides, to complete remaining projects. Members discussed the distinction between encumbered and spent funds, and DHHL explained that encumbrances reserve money for specific contracts while construction spending occurs over time through progress payments. The department also showcased examples of innovative projects, including a high-rise project in urban Honolulu financed through a mix of private activity bonds, tax credits, and state funds, and an acquisition-based project in Kapaʻa, Kauaʻi using multiple funding sources. DHHL emphasized partnerships with the City and County of Honolulu and Maui County, and said it is still assessing future projects to keep infrastructure costs manageable and ensure homes are safe and affordable for beneficiaries.

Transcript Highlights:

• Private student loans or work study.
• For example, some offers would use loans and not even call them loans and make it seem like the student
• and not even call them would use loans and not even call them loans<00:49:01.760><c> and</c><00:49:02.000
• </c><01:09:32.000><c> could</c> scholarships, and loans could scholarships, and loans could dramatically
• Convey prices, scholarships, loans, plus work-study.

Committee: Senate Higher Education

Transcript Highlights:

• They are not loans.
• Those were loans, revolving loans. Chair Schwertner: No, they were not all loans.
• We had $7.2 billion of the $10 billion, or... ...loans.
• We had $7.2 billion of the $10 billion, or low-cost loans, right?
• But the majority of that money was structured as low-interest loans, 3% loans for entities that qualified

Committee: Senate Business & Commerce

Summary: The Senate Committee on Business and Commerce met with a quorum and took up a long list of House bills as pending business, voting to report many of them favorably to the full Senate. Bills reported favorably included HB 705, 1094, 2037, 3005, 3112, 3320, 3388, 3516, 3923, 4134, 4214, 4233, 4350, 4559, 4748, 4765, 5093, 5129, and 5196, with several also recommended for the local and uncontested calendar. Some measures were reported with committee substitutes, including HB 3516, HB 3848, HB 4211, and HB 14. HB 2488 and HB 3320 had some dissenting votes, while most other bills were approved unanimously or near-unanimously. The committee spent the most time on HB 14, which Senator Schwertner explained would create the Texas Advanced Nuclear Energy Office in the governor’s office and the Texas Advanced Nuclear Development Fund. The substitute would appropriate $350 million this biennium for reimbursement-based grants to support nuclear generation, supply chain development, pre-construction work, and construction-stage costs, with approval from the lieutenant governor, speaker, and governor. Senators Menendez and Nichols asked clarifying questions about whether the program involved grants rather than loans, how reimbursable grants would work, and who would evaluate applications; Schwertner said the program was modeled on the Enterprise Fund and that the grants would not be loans. After the committee had recessed, Senator Zaffirini asked to change her no votes on HB 4211 and HB 4233 to ayes so those bills could be placed on the local and uncontested calendar, while still registering no votes there. Senator Kolkhorst similarly asked to change her vote on HB 2488 to an aye for calendar purposes, while preserving her no vote. The committee then recessed again after completing its actions on the bills before it.

Transcript Highlights:

• Nothing about a loan.
• Now we're using loan funds, which has extended the period of time.
• It's not that they need the loan in order to do that.
• So we have a USDA loan-grant combination for $7.8 million.
• So we have a USDA loan-grant combination for $7.8 million.

Summary: The Water Sector Commission met with a quorum and opened with a reminder that no funding had yet been appropriated for future project awards, so any discussion of upcoming grants was speculative until the legislature acts. The committee then approved the December 10 minutes and moved through a series of deadline extensions for Phase Two state-funded projects, including Delcambre, Faraday, Meyer Branch, and Waterworks District No. 1 of Pointe Coupee Parish. Members also approved a scope change for St. Tammany Parish Project 845 to relocate an unmarked fiber optic line discovered during construction. The committee spent substantial time on Tallulah’s water rehabilitation project, where Mayor Yubon Lewis explained that the city is trying to isolate and fund the purchase of four permanent media filters, plus related electrical work, from the original approved project scope. Members questioned whether the request was a true scope change or a way to use existing funds while the city continues to rely on temporary filtration and state-led triage. After discussion, the committee approved the request and asked to be kept informed as the state continues seeking additional support for the system. The committee also approved additional funding requests for Kaplan, Ponchatoula, St. Martin Parish, and West Allen Water Works. Ponchatoula’s request included multiple change orders tied to sewer and force main work, including emergency levee repair, equipment changes, and rerouting around unmarked fiber. St. Martin Parish’s increase was tied to land acquisition and added costs for a new well site in a multi-phase consolidation project. West Allen’s increase stemmed from a failed well drilling effort and was supported by cost reductions from the contractor and engineers, which members treated as in-kind match. In contrast, Tensaw Water Association’s very large request to consolidate Newellton drew significant concern over cost growth, scope, and timing; after extensive questioning, the committee deferred that item to the next meeting for further review. The meeting ended with an update that about 42.11% of ARPA funds remain, 16 projects are now considered high risk, and staff will continue ground-truthing project status and pushing ARPA dollars out first before adjournment.

Transcript Highlights:

• The next item, number seven, is House Bill 2361, the maximum amount of small loans.
• The next item number seven, House Bill 2361, the maximum amount of small loans.
• It requires the inflation adjustment to the maximum loan amount. This makes several changes.
• One thing we haven't seen increase is the maximum amount allowed for a payday loan.
• One thing we haven't seen increase is the maximum amount allowed for a payday loan.

Summary: The Consumer Protection and Business Committee held a public hearing on House Bill 2291, the Kratom Consumer Protection Act, and then moved into executive session on several bills. Staff explained that HB 2291 would license kratom retailers and processors, set age 21 purchase limits, require labeling, child-resistant packaging, independent testing, an LCB-approved product directory, and an 11% excise tax, while banning certain synthetic or adulterated kratom products and restricting online/mail sales and public consumption. The prime sponsor said the bill was intended to regulate natural kratom while banning the synthetic or chemically altered forms, and several witnesses supported stronger youth protections and product standards. Others opposed the bill’s licensing fee, statewide preemption of local bans, or the regulatory approach, while some testified that natural kratom helps with pain or recovery. The hearing on HB 2291 was then closed without action. In executive session, the committee took action on multiple bills. HB 2439, dealing with cigarette, vapor product, and tobacco product policy, was amended and reported out with a do pass recommendation; the adopted amendments limited Consumer Protection Act enforcement to the Attorney General, adjusted coupon language, and restored state preemption over local retail regulation. HB 1078 on pet insurance, HB 1701 on shared liquor-license premises, HB 2207 on bonded beer warehousing, and HB 2501 on real estate oil-tank disclosure were all reported out with do pass recommendations, with HB 1701’s substitute removing a Public Records Act exemption and HB 2207’s substitute aligning beer warehousing more closely with spirits warehouse rules. HB 2361, which raises the maximum small loan amount, was amended to make inflation adjustments biennial and to change publication requirements, then passed out of committee. The committee also approved HB 1932, which would authorize cannabis consumption events in regulated environments. The substitute bill would create a cannabis consumption event organizer license, allow limited adult-use events subject to local approval, and establish permit and budtender training requirements; members discussed the bill as a way to provide lawful consumption spaces while others objected to expanding cannabis access. In the final votes, HB 2439 passed 12-3, HB 1078 passed unanimously, HB 1701 passed 14-1, HB 2207 passed 14-1, HB 2501 passed unanimously, HB 2361 passed 13-2, and HB 1932 passed 11-4, all with do pass recommendations.

Transcript Highlights:

• SB 1367, relating to installment loans.
• It replaces the term consumer loan with the defined term installment loan for consistency throughout
• fees once the loan is paid off.
• </c> laws it replaces the term consumer loan laws it replaces the term consumer loan with<00:37:49.079
• </c> with the defined term installment loan with the defined term installment loan for<00:37:52.680><

Committee: Senate Commerce and Consumer Protection

Summary: The committee heard several insurance and condominium-related bills. SB 1137 would require insurers to notify policyholders of approved rate changes within 30 days and at least 30 days before the effective date. The Insurance Division supported the bill, while testimony focused on condominium master policies and whether the notice period would be enough for associations to respond to rate increases. The division said the bill would mainly affect admitted carriers, not surplus lines insurers that write many condominium master policies, and warned against limiting the nonadmitted market. SB 293, requiring sellers to disclose when USPS cannot deliver mail or packages to a residential property, was also heard with HAAI Realtors commenting. SB 752 would extend notice periods for cancellation or nonrenewal of property-casualty policies; the Attorney General’s Office raised concerns about contractual impairment and retroactive application. The committee also heard SB 575, which would allow authorized insurers to offer building and hurricane damage coverage for condominium buildings at a lower rate than prior surplus lines coverage. The Insurance Division stood on written testimony, and a condominium owner urged amendments to require a membership vote before such coverage changes, citing concerns about condominium self-governance. SP 1046 would require managing agents to notify unit owners and the Real Estate Commission when a condominium association fails budget and reserve reporting requirements. The Real Estate Commission said the bill was administratively workable as drafted but noted ambiguity over who counts as the “managing agent”; several testifiers opposed the measure, arguing it could disrupt the principal-agent relationship and impose legal judgment on nonlawyers, while others supported it. SP 150, dealing with captive insurance companies seeking exemption from examinations, drew the most detailed discussion. The Captive Insurance Council supported the bill as a way to reduce duplicative oversight and improve Hawaii’s competitiveness, while the Insurance Division opposed it as drafted, citing concerns about broad commissioner discretion, possible missed issues between exams, staffing shortages, and the need to preserve oversight. A committee member asked about a possible middle ground, including a shorter exemption period or limiting the bill to self-attestation companies; the division said it would need more information and that annual filings and approval requirements would still provide oversight. The committee also heard SP 212, which would require at least two Real Estate Commission members to be licensed engineers or architects; testimony included support and a concern about conflicts of interest among people who serve in multiple roles in the condominium and real estate sectors. No votes or final actions were taken in the portion provided, and the chair moved from one measure to the next after testimony and questions.

Transcript Highlights:

• And the beauty of loan financing is that when the loan cycle is over—if we have a five-year loan cycle
• The grants and loans is a significant part of that, and the low-interest-rate loans that can generate
• If it's a $15,000 loan with a loan loss reserve, that might mean that the state only needs $1,250 for
• If it's a $15,000 loan with a loan loss reserve, that might mean that the state only needs $1,250 for
• for $1 in a loan loss reserve for low-interest loans.

Transcript Highlights:

• Maybe some low-interest loans, if we can get them to turn on their programs that help people in loans
• Maybe some low-interest loans, if we can get them to turn on their programs that help people in loans
• Maybe some low-interest loans, if we can get them to turn on their programs that help people in loans
• Maybe some low-interest loans, if we can get them to turn on their programs that help people in loans
• Maybe some low-interest loans, if we can get them to turn on their programs that help people in loans

Summary: The committee received a budget and program update from Kentucky Emergency Management on the state’s urban search and rescue buildout. Eric Gibson and Doug Hargrave said the legislature’s funding was used to create FEMA-type urban search and rescue capacity, including Kentucky Task Force 1 and 2, the incident support team, and the helicopter aquatic rescue/hoist team. They emphasized that the effort is not just equipment purchases but also training, credentialing, warehouse and training-facility development, canine program expansion, and coordination with local search and rescue agencies across the Commonwealth. Gibson reported that the agency executed 99.4% of the $16.175 million appropriation by the end of the fiscal year and said the team met its readiness target ahead of schedule, with equipment already being deployed in recent flood response operations. He also said $500,000 per year was set aside for local search and rescue grants, with about $482,000 awarded to 29 teams in one year and $490,000 to 36 teams in the next, averaging about $20,000 per grant. Several members urged the committee to consider increasing support for local responders in future budgets, noting rising equipment costs and the importance of local teams as first on scene. Members asked about staffing, coverage, and benefits. Gibson explained that the task force is a mixed workforce of full-time fire personnel loaned from local departments, professional service staff such as doctors and engineers, and temporary deployment staff, with workers’ compensation coverage provided through KYEM and/or home agencies depending on the arrangement. He also said local search and rescue members are not currently included in line-of-duty death benefits. In response to questions about coverage and deployment, he described the two task force locations as designed to keep resources within roughly 100 miles of every Kentuckian. The discussion also turned to recent flood response and disaster recovery. Gibson said the state had mobilized up to 24 teams over the weekend, documented roughly 60 to 80 water rescues or assisted evacuations, and was seeing significant damage in counties such as Cumberland, Clinton, and Metcalfe, including agricultural losses. He said several counties were meeting FEMA public assistance thresholds and that the state was preparing a broader relief request that could include FEMA, SBA, and USDA assistance. He also updated members on efforts to claw back and reallocate unused “strained fiscal liquidity” funds by the statutory deadline, saying notices were sent and funds were redirected where possible to unmet local needs.

Transcript Highlights:

• Cancellation of loan programs, changes in overall limits on loans provided, and changes to the Pell Grants
• It also sets new student loan limits, capping Parent PLUS loans at $20,000 per year and ending Grad PLUS
• loans altogether.
• The elimination of Grad PLUS loans removes an affordable loan option for more than 2,800 CSU graduate
• federal loans.

Committee: House Higher Education

Summary: The Assembly Higher Education Committee held an oversight hearing on the impact of federal actions on California higher education, with opening remarks from the chair and members emphasizing shared governance, student access, and the importance of protecting California’s public systems. The first panel included leaders from CSU, UC, California Community Colleges, and the University of the Pacific, who described major disruptions from federal policy changes, including grant terminations, changes to Pell and loan programs, the elimination of Grad PLUS loans, tighter loan limits, and uncertainty around immigration, CalFresh/SNAP, and Medicaid-related rules. UC and CSU leaders said federal research and student-support cuts threaten research capacity, workforce pipelines, and services for low-income, first-generation, undocumented, and international students, while the community colleges highlighted uncertainty around TRIO, HSI/MSI/AANAPISI grants and the need to preserve student services and economic mobility. Members asked about the scale of funding losses, intersegmental partnerships, workforce impacts, indirect cost caps, H-1B hiring costs, and the effect of federal changes on health care and research. Witnesses said the federal environment has created instability, delayed planning, and could reduce access to graduate and professional education, especially in health fields and other high-need professions. Several witnesses urged the Legislature to support research bonds, housing and capital outlay, and continued state investment to offset federal retrenchment. The committee also discussed how cuts could affect student debt, food insecurity, and the diversity of future cohorts, with witnesses warning that the changes could narrow access and weaken California’s workforce pipeline for years. The second panel focused on equitable access. The California Student Aid Commission described state efforts such as Cal Grant, the Middle Class Scholarship, the Golden State Teacher Grant, and a proposed state FAFSA alternative for students who cannot access federal aid, while urging reforms to Cal Grant, better integration with CalFresh, and more support for foster youth and adult learners. The Los Angeles Community College District reported that federal cuts and policy uncertainty are discouraging students from applying for aid, threatening TRIO and MSI/HSI-funded services, and putting basic needs, transfer support, and workforce programs at risk. The Association of Independent California Colleges and Universities said federal loan caps, research cuts, and attacks on DEI and HSI funding are harming access and retention, especially for first-generation and low-income students, and called for stronger state support, including transfer aid and a state-backed loan option. The CSU Academic Senate also testified that abrupt federal changes to MSI and related programs have disrupted student research, summer programs, and equity-focused initiatives, with one campus example losing $2.7 million in student-centered funding on short notice.

Transcript Highlights:

• A conventional loan is a loan under the federal conforming loan limit that is not insured by the VA or
• loan amount.
• A conventional loan is a loan under the federal conforming loan limit that is not insured by the VA or
• loan amount.
• originating loans.

Committee: Senate Commerce and Consumer Protection

Transcript Highlights:

• Florida Housing loan program stacked with Live Local.
• The loan is for 30 years, but it's zero percent interest and there's no payments.
• Prepayment speeds on first mortgage loans usually run about seven years.
• And all of the first mortgage loans we make are fully underwritten.
• As you heard, the state loan program provides low-interest competitive loans to developers to construct

Committee: Senate Community Affairs

Summary: The Committee on Community Affairs held its first meeting and heard presentations focused on affordable housing implementation under the Live Local Act. Florida Housing Finance Corporation described its role in administering rental and homeownership programs, including SAIL, SHIP, the Low-Income Housing Tax Credit program, disaster recovery efforts, supportive housing, and the Live Local funding and tax incentives. Officials said the first year’s $150 million Live Local rental allocation was fully committed to 23 developments producing 3,171 units with mixed-income set-asides, and they outlined how projects were selected through competitive solicitations tied to statutory priorities such as mixed-use development, publicly owned land, foster youth, rural areas of opportunity, redevelopment, and housing near military installations. They also discussed the tax credit contribution program, the missing-middle property tax exemption, sales tax rebates, and the year-one ad valorem exemption for qualifying affordable projects. Members asked detailed questions about the data and program design, including the use of area median income figures, per-unit subsidy levels, county targeting, tenant relocation during redevelopment, and whether the programs were helping lower-income households. Florida Housing said it uses competitive scoring and data from the Schimberg Center and that redevelopment projects are supposed to include tenant relocation plans. The homeownership portion of the presentation covered the Hometown Heroes program, which provides down payment and closing cost assistance to first-time homebuyers, with exceptions for active-duty military and veterans. Staff said the program has assisted more than 21,000 families and leveraged over $6.5 billion in first mortgages, and members asked about repayment rates, credit scores, and whether participants were staying in homes long enough to show the program was serving intended buyers. The committee then heard from OPAGA on two required Live Local evaluations: affordable housing strategies in other states and affordable housing policies in Florida. OPAGA reported that Florida has a high share of cost-burdened households, with 1.5 million households cost burdened and 1.4 million severely cost burdened, and that Florida’s counties and municipalities reported more than $1.4 billion in affordable housing expenditures in fiscal year 2023-24. The report identified 13 innovative out-of-state programs, with three considered high-potential for Florida implementation, and summarized Florida local government practices such as SHIP-funded homeownership and rental assistance, expedited permitting, mixed-income zoning, rehabilitation programs, and interlocal cooperation. No votes were taken, and the meeting adjourned after the presentations and questions.

Transcript Highlights:

• As you've heard, the Bureau has already received a special fund loan that addresses its costs through
• Loan with the $10 million from the General Fund.
• The second item is the UI loan interest.
• This loan would be repaid once the November allocation is received, creating a clean solution.
• This loan would be repaid once the November allocation is received, creating a clean solution.

Transcript Highlights:

• repay the loans taken in 2025-26.
• would then have to be cut because while we're getting a loan to repay the original loan, the funds would
• would then have to be cut because while we're getting a loan to repay the original loan, the funds would
• Oh, the 3% loan, yes.
• The Governor's budget offers us another loan to repay the state treasury for that loan, which would .