Transcript Highlights:

• authorized total debt capacity up to $50 million.
• authorized total debt capacity up to $50 million.
• authorized total debt capacity up to $50 million.
• authorized total debt capacity up to $50 million.
• authorized total debt capacity up to $50 million.

Keywords: 1183, house

Transcript Highlights:

• I just want to thank the author for the bill, and I'm proud to be a co-author of this bill.
• I just want to thank the author.
• by their debt situation.
• debt and COPE.
• I just want to thank the author.

Keywords: 988, house, all

Summary: The Assembly Committee on Human Services heard a long agenda focused largely on child welfare, child support, homelessness, and child care. Early items included AB 2083, which would authorize a regional child care special district for Marina Valley and Paris; AB 1579, which would expand the Children’s Crisis Continuum Pilot Program to allow additional CDSS-approved residential models; and AB 1628, which would extend California’s safe surrender window for infants from 72 hours to 30 days. AB 1579 drew strong support from county human services agencies and providers who said the current crisis residential model has been financially and operationally unworkable, and opposition from youth advocates who argued the bill would move away from the original small, community-based crisis model. AB 1628 was supported by fire chiefs and child abuse prevention advocates as a way to give parents more time to make safe decisions after childbirth. The committee also took up AB 1634 on the “Have a Heart, Be a Star, Help Our Kids” specialty license plate program, AB 1643 on automatic enrollment into child support services after a support order is finalized unless a parent opts out, and AB 1708 on the Homeless Housing, Assistance and Prevention (HHAP) program. AB 1634 sought to raise specialty plate fees and change the distribution formula to generate more funding for child safety and injury prevention; the chair raised concerns about reallocating money away from CDSS, and the bill received a no recommendation from the chair but still advanced on a 5-0 vote with some members not voting. AB 1643 was backed by child support agencies and anti-poverty advocates as a way to reduce barriers and increase participation, while opponents argued it could undermine parental choice and raise concerns for families with domestic violence or informal arrangements; it passed 6-0 as amended. AB 1708, supported by many cities, would require more meaningful engagement with smaller jurisdictions in HHAP planning and funding decisions; the committee emphasized that it does not guarantee funding but creates a process for smaller cities to be considered, and it passed 5-0. Later, the committee heard AB 2395, which would standardize and expand access to the state child support debt reduction program for low-income parents with government-owed arrears. Supporters said the current program is inconsistent across counties and leaves eligible parents unaware of relief options, while opponents, including receiving parents and child support officials, warned that reducing arrears could harm families who are owed support and that the program should remain case-by-case. Members discussed the tension between relieving uncollectible debt and protecting custodial parents; the bill advanced 4-0. The final item shown was AB 1914, which would require local governments to include child care in planning efforts, including general plans or separate child care plans. The author and witnesses argued that child care is essential infrastructure tied to workforce participation, economic development, and disaster planning, and the bill drew support from child care and planning advocates as the committee continued its hearing.

Transcript Highlights:

• Fund to pay for the debt service.
• Since this authority has been provided, the state has given UC authority to finance $4 billion in projects
• The debt service on these bonds, along with older debt that the state transferred onto the university's
• The debt service on these bonds, along with older debt that the state transferred onto the university's
• You reminded us about the authority you have a cap of 12% of debt, so to get financing to build projects

Summary: The committee’s first major discussion focused on higher education facilities across UC, CSU, and the community colleges, with Chair Alvarez framing the issue as a final budget hearing before the May Revise. The LAO presented findings that campuses have grown substantially in buildings and square footage, while classroom and lab utilization remains below legislative standards and deferred maintenance backlogs continue to rise. The LAO also emphasized that the state and segments lack comprehensive data on capital renewal spending and recommended better reporting, clearer funding targets, and long-term planning for renewal and maintenance. UC, CSU, and community college representatives each described large five-year capital plans, aging facilities, seismic and deferred maintenance needs, and the role of student housing, while noting that construction costs are rising faster than inflation. Members questioned the segments about debt service, utilization rates, and how projects are prioritized. UC said its debt service tied to state support is about $665 million annually and described a $30 billion five-year capital financial plan, including housing, medical centers, and building renewal. CSU said it has about $31 billion in five-year needs and more than $8 billion in deferred maintenance, with funding coming from a mix of state-related and one-time sources since the state shifted capital responsibility to CSU. Community colleges said their unmet facilities needs total about $33.5 billion and explained their use of a scoring matrix and FUSION system to rank projects. The chair and members pressed all three systems to better distinguish between projects that are truly shovel-ready and those that are long-term needs, and discussed whether facilities condition data, total cost of ownership, and more standardized metrics should guide future bond proposals. The committee then turned to Proposition 2 and the Governor’s proposed community college capital outlay projects. The Department of Finance said Prop. 2 provides $1.5 billion for community colleges and that the Governor’s budget proposes 29 projects, with two continuing Prop. 51 projects also included. The LAO supported the overall use of the funds but raised concerns about the current 65/35 split between modernization and growth, the unusually large share of gymnasium projects, and some scoring metrics that favor larger campuses and certain regions. Community college officials said the scoring system was developed through participatory governance and would take one to two years to revise, but they supported the funding and agreed to follow up on questions about project categories and the rationale for the weighting. Members also suggested giving more weight to modernization, regional access, and intersegmental or collaborative projects. A final item addressed the CalKids program. The Department of Finance proposed $56,000 ongoing General Fund for three positions, while the LAO recommended approving two positions but rejecting a manager position until the current $7.5 million marketing campaign is evaluated. ScholarShare’s executive director said CalKids has enrolled more than 5 million children, with nearly 600,000 claims and over $45 million distributed, and argued that additional staff and outreach are needed to reach a goal of 1 million claimed scholarships by the end of 2025 and to implement AB 2808. Members asked about marketing effectiveness, data sharing, and eligibility rules, and the program said it is expanding partnerships with Cradle to Career and CSAC. No final vote was taken in the hearing, and the chair indicated the facilities item would be held open.

Transcript Highlights:

• Paul Port Authority 325,000 and uh St.
• So, about $1.205 billion in debt general fund debt service over the biennium for 2026-27, and about $1.23
• in debt general fund debt 205 billion uh in debt general fund debt service<00:09:57.519> over<
• On page 29, section 10 is a section that adds authority for MMB to refinance the debt that was issued
• authority for MMB to refinance the debt authority for MMB to refinance the debt that<00:15:17.120

Keywords: 1187, senate, all

Transcript Highlights:

• Prohibit creditors, debt collectors, or third party debt collectors from attempting to collect a consumer
• debt collectors to notify all parties involved with the debt when it is disputed and no longer collectible
• party debt collectors 7 business days to cease debt collection activities, and it would strike subsection
• They already have authorization to check.
• Questions of the author?

Bills: HB 431, HB 1522, HB 1922, HB 2467, HB 2468, HB 3228, HB 3229, HB 3306, HB 3803, HB 3804, HB 3805, HB 3806, HB 4219, HB 4238, HB 4344, HB 4386, HB 4739

Keywords: HB 431, Texas Property Code, Property Code Chapter 202, solar roof tiles, solar shingles, solar energy device, homeowners association, HOA, property owners' association, POA, renewable energy, residential solar, distributed solar, roof-mounted solar, homeowner rights, architectural control, open meetings, public notice, transparency, government efficiency

Transcript Highlights:

• debt.
• We see your percent of personal income for the debt outstanding, the debt authorized.
• We see your percent of personal income for the debt outstanding, the debt authorized.
• We see your percent of personal income for the debt outstanding, the debt authorized.
• Deb debt authorized we have we have the Deb debt authorized we have we have the standards<01:42:52.800

Keywords: 1187, senate, all

Transcript Highlights:

• Additional bond debt.
• This authorizes $1.5 billion in bonding authority for state road funds or the Highway Infrastructure
• that we're working with and the authority of the State Transportation Commission, this bonding authority
• debt at any one point in time.
• They're still paying those debts in DOT.

Bills: SB2

Keywords: SB 2, State Highway Project Bonds, highway funding, transportation bonds, state road fund, motor vehicle fees, vehicle registration fees, electric vehicle fee, EV surcharge, plug-in hybrid fee, weight distance tax, road construction, infrastructure financing, Department of Transportation, State Transportation Commission, bonding authority, county road funds, municipal road funds, transportation improvement program, state highways

Transcript Highlights:

• forgiven coerced debt may not be counted forgiven coerced debt may not be counted as<00:41:30.839>
• are then faced with this crushing debt are then faced with this crushing debt and<00:43:24.880><
• <00:45:32.319> and bill a definition of coerced debt and bill a definition of coerced debt
• Thank you. person to incur debt that they did not person to incur debt that they did not invol<00:46:
• <00:46:45.520> I'm invol incur debt involuntarily sorry I'm invol incur debt involuntarily

Keywords: 1187, senate, all

Transcript Highlights:

• Every time the legislature authorizes additional HIBs, the long-term debt service obligations of the
• the statutory appropriation and debt the statutory appropriation and debt service<00:07:00.840><
• So, the debt service is significant. So, the debt service is significant.
• HIBs, the long-term debt additional HIBs, the long-term debt service<00:07:53.480> obligations
• the author? the author?

Keywords: 1187, senate, all

Transcript Highlights:

• That law says that the legislature is prohibited from authorizing any additional debt that exceeds the
• That law says that the legislature is prohibited from authorizing any additional debt that exceeds the
• That law says that the legislature is prohibited from authorizing any additional debt that exceeds the
• That law says that the legislature is prohibited from authorizing any additional debt that exceeds the
• That law says that the legislature is prohibited from authorizing any additional debt that exceeds the

Keywords: 1191, senate, all

Transcript Highlights:

• This authorizes the **New Mexico Department of Transportation** for $1.5 billion in additional bond debt
• But given the existing statutory authority that we're working with and the authority of the State Transportation
• The existing bonding authority that's in law has a cap of $1.12 billion of outstanding debt at any one
• Current debt is being retired.
• They're still paying those debts in D.O.T.

Bills: SB2

Keywords: SB 2, State Highway Project Bonds, highway funding, transportation bonds, state road fund, motor vehicle fees, vehicle registration fees, electric vehicle fee, EV surcharge, plug-in hybrid fee, weight distance tax, road construction, infrastructure financing, Department of Transportation, State Transportation Commission, bonding authority, county road funds, municipal road funds, transportation improvement program, state highways

Transcript Highlights:

• to stop debt collections is complex and cost prohibitive.
• Just to say it simply, coerced debt is when an abusive partner amasses debt in a victim of domestic violence's
• Texas has led the way in supporting victims of coerced debt.
• Husband incurs the debt, it's solely in his name, but technically people would consider it marital debt
• assets to pay their coerced debt.

Bills: HB3803, HB3804, HB3805, HB3806, HB3833, HB4134, HB4233, HB4238, HB4243

Keywords: HB 3803, Texas Health and Safety Code, Chapter 712, perpetual care cemetery, perpetual care trust fund, cemetery regulation, financial confidentiality, confidential records, regulatory examination, Texas Department of Banking, commissioner disclosure, interagency information sharing, state agency enforcement, federal agency disclosure, trust fund oversight, burial services, cemetery trust, consumer protection, state banks, Texas Finance Code

Transcript Highlights:

• Thank you to the author.
• The next is the cost of debt.
• You'd have a public entity like a state transmission authority that would issue low-cost tax-exempt debt
• An additional point on the financing: there's the cost of the debt and the amount of debt in a project
• Given the debt is cheaper, you know, if you're de-risking the project, it can sustain more debt, so you

Summary: The committee first heard AB 13, which would restructure the CPUC to increase legislative oversight, add legislative liaisons, require more detailed and timely reporting on rate-setting decisions, and add a public advocate member. The author and supporters argued the bill would improve transparency, accountability, and geographic diversity in CPUC decision-making amid rising utility rates. Witnesses from TURN, San Joaquin County, SDG&E, and former CPUC Commissioner Loretta Lynch offered support or support-in-principle, while no opposition testimony was presented. Members generally praised the bill’s transparency goals, and AB 13 passed 10-0 to Appropriations, with the roll left open for absent members. The committee then adopted the 2025-2026 committee rules and approved three consent items: AB 61, AB 365, and AB 406. The next bill, AB 99, would cap investor-owned utility rate increases above inflation except for specified costs such as safety, modernization, and fuel/commodity costs. The author and supporters, including a representative of the California Senior Legislature, said the bill was needed to protect ratepayers, especially seniors and low-income customers, from repeated rate hikes. Opposition came from utility labor, utilities, the Chamber of Commerce, and others, who argued the bill was too simplistic, could suppress labor costs, and did not account for major cost drivers such as wildfire mitigation, mandates, and net metering. Several members supported moving the bill forward as a starting point on affordability, while others criticized it as overly blunt. AB 99 passed 11-0 to Appropriations, with the roll left open. The hearing then shifted to an informational panel on strategies to reduce California transmission costs. A Public Advocates Office staffer described a growing backlog of approved-but-unbuilt transmission projects, rising transmission access charges, and long project timelines driven largely by utility pre-application and construction periods. Panelists from Net Zero California and consulting firms presented research suggesting that public financing or public-private partnership lease models could reduce transmission costs by lowering financing, tax, and capital costs, with estimated savings of up to 57% and as much as $123 billion over 40 years. PG&E’s representative said the utility is already pursuing federal loan guarantees, grants, and a public-private partnership with Citizens Energy, but warned that state ownership could create tax, wildfire-liability, and governance risks. Members asked about the CPUC’s role, the causes of delays, and whether public financing could complement existing competitive solicitation processes.

Transcript Highlights:

• of this involuntary debt.
• collection on coerced debt.
• The creditor told her it was her responsibility and sold the debt to a debt collector.
• of debt.
• If they can pursue their survivor for the debt, they can pursue the abuser for the debt.

Keywords: 995, all

Summary: The Joint Committee on the Judiciary held a lengthy public hearing on a wide range of civil actions, labor, consumer protection, and animal welfare bills. Chair Lydia Edwards and Representative Michael Day opened with strict testimony rules and time limits, then heard from legislators and advocates on measures including animal-abuser pet ownership bans (S. 1207/H. 1914), a name-change privacy bill (S. 1045/H. 1973), tort claims reform (H. 1724), law enforcement council coverage under the Tort Claims Act (S. 1199), civil rights and qualified immunity-related proposals (H. 1641), employee free speech/captive audience restrictions (S. 1078/H. 1653), consumer protection and civil rights jurisdiction expansion (S. 1041), private right of action for wage theft (H. 1916), gun-owner liability insurance (H. 1836), pseudoephedrine sales tracking (S. 1243/H. 1581), prepaid legal services plans (H. 1612), structured settlement protections (H. 1863), third-party litigation financing disclosure (H. 1861), antitrust reform for small businesses and workers (S. 1038/H. 1982), legal notices in online-only newspapers (S. 1279/H. 1632), and several animal cruelty and protection bills including H. 1938, H. 1949, S. 1277/H. 1934, and H. 1764. Testimony was largely supportive from bill sponsors and advocacy groups, with repeated themes of protecting vulnerable people and animals, improving access to justice, and updating outdated laws. Supporters of the animal bills argued for stronger possession bans, broader cruelty citations, and civil removal tools to prevent repeat abuse; opponents or conditional supporters raised due process and enforcement concerns, especially around warrantless seizures and requiring retail or shelter staff to check registries. On the labor and consumer side, supporters said the antitrust bill would curb monopoly power and help small businesses and workers, while opponents warned it could destabilize competition and burden successful firms. The employee free speech bill was backed as a response to captive audience meetings, and the wage-theft bill was presented as a way to let workers or organizations pursue claims when individual employees are afraid to come forward. Several public officials and association representatives testified on the law enforcement and civil rights bills. Chiefs of police supported adding law enforcement councils to the Tort Claims Act, saying it would close a liability gap for regional mutual-aid collaborations. But police representatives opposed changes to the Massachusetts Civil Rights Act and qualified immunity-related provisions, arguing the federal system already provides a workable forum and that expanding liability could increase costs, reduce morale, and worsen recruitment and retention. On the consumer/civil rights bill, Senator Collins and a veteran described an out-of-state assault case that they said showed the need for Massachusetts to let residents seek redress at home when rights are violated elsewhere. No votes or formal committee actions were taken during the hearing itself; the committee mainly received testimony and questions. Several witnesses indicated they had submitted written testimony or proposed amendments, and some bills drew requests for favorable reports while others were explicitly opposed unless amended.

Transcript Highlights:

• We have two previous debt issues, two new debt issues, and three SFCC debt issues requiring action, and
• um, two new debt issues and three SFCC um, two new debt issues and three SFCC debt<00:35:33.200> issues
• <00:35:37.680> issues debt issue and two previous debt issues debt issue and two previous
• Um, could you please continue with the Turnpike Authority debt issue requiring no action?
• Um, could you please continue with the Turnpike Authority debt issue requiring no action?

Keywords: 958, all

Summary: The committee first approved the December meeting minutes and received several information items, including quarterly capital project status reports, University of Kentucky medical and equipment purchases, school district bond issue notices, and a University of Kentucky RFP for an enterprise services partner. Members also briefly discussed a University of Kentucky public-private partnership for student housing and dining, with comments that such arrangements may improve efficiency and use of taxpayer dollars during a difficult budget year. The main substantive discussion centered on a new CHFS lease in Harlan County for the Department for Community Based Services. Members questioned the proposed annual cost of $25.62 per square foot, which was far above the county average cited in the meeting, and raised concerns about the one responsive bid, the long lease term through 2033, and whether a nearby hospital or other entity might have been interested. CHFS staff said the current office space is in poor condition, that the new lease includes needed construction and 60 parking spaces, and that the office is limited to considering only actual bidders. After debate over whether to rebid or negotiate, the committee voted to approve the lease, with some members supporting it because of the current facility’s condition and others recording reservations. The committee then approved the remaining 10 lease renewals as a group. These included one renewal for the Commonwealth’s prosecutorial system and renewals for several CHFS offices, the Department of Corrections, the Department of Juvenile Justice, and the Department of Natural Resources. One member noted that seven of the 10 renewals were at or below the county average rate and said the overall package was substantially in line with local market conditions.

Transcript Highlights:

• Yes or no does Treasury have the legal authority to stop payments authorized by Congress?
• And I just applaud that, because as we know, home mortgages, student loan debt, credit card debt, student
• So I'm worried that we're going to add to the federal debt.
• That will result in runaway national debt.
• I asked you about the President's authority to impound congressionally-authorized expenditures, because

Keywords: nomination, Deputy Secretary of Treasury, economic policy, inflation, tariffs, tribal nations, government relations

Summary: The meeting convened to consider the nomination of Mike Falkender for the position of Deputy Secretary of the Treasury. During the session, multiple members voiced concerns regarding current economic policies under the Trump administration, particularly around inflation, tariffs, and the impact on small businesses. Discussions frequently centered on the administration's approach to tariffs and taxation, and how these factors contribute to the rising cost of living and potential job losses. Additionally, the importance of bolstering government-to-government relationships with tribal nations was emphasized, highlighting the need for specialized offices focused on tribal affairs within the Treasury Department.

Transcript Highlights:

• Communications Network Authority Communications Network Authority submitted<00:01:50.720> its
• Authority pursuant to KRS224A KRS224A KRS224A 100.<00:09:58.080> The<00:09:58.240> authority
• debt issues requiring no action.
• number 5B and 5C a new debt issuance and five<00:21:33.039> SFCC<00:21:34.080> debt<00:
• and three previous debt issues action and three previous debt issues requiring<00:21:39.440> no

Keywords: November 20, 2025 00:12 Call to Order and Roll Call 00:58 Information Items 06:50 Finance and Administration Cabinet 09:10 KY Infrastructure Authority 21:20 Office of Financial Management 29:14 Meeting Recessed 44:58 Reconvened 45:07 Approval of Minutes 46:35 Next Meeting Date 47:05 Adjournment, 958, all

Summary: The committee met without a quorum for much of the meeting, so several agenda items were initially heard only for information. Early updates included six informational reports, such as an Auditor of Public Accounts compliance examination with no findings, university equipment and allocation reports, school district bond issuances, Western Kentucky University’s planned public-private partnership housing redevelopment, and quarterly Kentucky Communications Network Authority reports. Members then questioned WKU officials about the P3 housing project, including the number of RFQ responses, property tax responsibility, ownership of the student life foundation, and the status of repairs to residence halls. WKU said the foundation has owned the property since 2000, one hall would be razed or demolished at the end of the academic year, and repairs to the other two were expected to be completed by fall 2027. The committee also heard a Department of Fish and Wildlife Resources acquisition project for Mount River Farms in Wayne County and a Department of Corrections roof replacement project at Luther Luckett Correctional Complex, but no votes were taken until a quorum was later established. The Kentucky Infrastructure Authority then presented six loans and four grant reallocations, including loan increases for Adair County Water District and the City of Harlan, new loans for Litchfield, Louisa, Southeastern Water Association, and Flatwoods, and grant reallocations under the Cleaner Water Program. Members asked about Harlan’s 30-year term and special condition requiring a revenue increase; KIA explained the longer term is reserved for disadvantaged communities and that the condition was meant to reinforce standard debt coverage requirements, while depreciation is reviewed but not included in cash-flow calculations. After a recess, Senator Thomas arrived and a quorum was reached. The committee approved the prior minutes and then took a consolidated vote on the action items, which passed. The final items included a Kentucky Economic Development Authority revenue bond refunding for CommonSpirit Health, several Kentucky Housing Corporation conduit and single-family bond issuances, a Western Kentucky University bond issuance, and SFCC debt issues. Members discussed the housing transactions, noting they are developer-financed and not subject to a traditional bidding process, and expressed concern about whether the process could produce more units for the same amount of money. The meeting adjourned after all information items were approved and the next meeting date was announced.

Transcript Highlights:

• Starkweather is here in person to present agenda items 6C and 6D, a new debt issue, and four SFCC debt
• debt issue requiring no action. Mr. debt issue requiring no action. Mr.
• the new debt issue? the new debt issue? >> Motion. >> Motion. >> Motion.
• The new debt issue was approved. Please continue with the previous debt issue requiring no action.
• The four SFCC debt issues do require action.

Keywords: 00:01 Call to Order and Roll Call 01:49 Approval of Minutes 02:06 Information Items 03:48 Project Rpt from Finance and Admin Cabinet 14:38 Lease Rpt from Finance and Admin Cabinet 18:50 OFM – Ky Infrastructure Authority 26:40 OFM – Cabinet for Economic Development 31:50 Office of Financial Management 40:40 Remaining 2025 Meeting Dates 41:25 Adjournment, 958, all

Summary: The meeting opened with prayer and a quorum call, then the committee approved the prior meeting minutes. Staff reported several informational items, including University of Kentucky medical and research equipment purchases, school district debt issues, leasehold improvements, and Kentucky Community and Technical College System bond allocations. The committee then approved a line-item appropriation increase of $350,000 in federal funds for the Department of Fish and Wildlife Resources’ Cumberland Forest Conservation Program, along with two Department of Military Affairs projects: the Ashland Readiness Center window replacement and the MATES HVAC replacement at Fort Knox. It also approved four larger maintenance-pool projects without further action: HVAC and smoke evacuation work at the Kentucky State Penitentiary, HVAC and hot water tank replacements at Oakwood, a Green Bank energy-savings performance project across state facilities, and roof replacement at Lake Barkley Lodge. Members asked about the prison project, the roof procurement process, and whether minority-owned firms receive special bidding preference; staff said capital projects are awarded through open low-bid procurement with qualification and warranty requirements, and that minority participation is preferred but not a bidding criterion. Two lease modifications were approved for Franklin County agencies: an expansion and renovation for the Auditor of Public Accounts and a downsizing and renovation for the Kentucky Workers Compensation Funding Commission. The committee also approved Kentucky Infrastructure Authority items, including a Monticello sewer loan, several Cleaner Water Program grants and reallocations, and a House Bill 1 water grant that required no action. Members questioned engineering costs and were told the KIA board reviews technical details and anomalies before approval. Finally, the committee approved six economic development grants: one EDF grant for V Simple in Jefferson County and five KPDI EDF grants for projects in Breckinridge, Erlanger, Todd, and Washington counties. The last action item was approval of Western Kentucky University’s up-to-$10 million general receipts revenue bond issue for athletic facilities. An informational Kentucky Housing Corporation multifamily bond item prompted concern from members about rising per-unit costs for affordable housing, and they requested further explanation from the housing corporation at a future meeting.

Transcript Highlights:

• We call this coerced debt.
• to stop debt collections is complex and cost prohibitive.
• people would consider it marital debt.
• debt at the time they divorced were awarded assets to pay their coerced debt, for example.
• This bill is not about erasing debt irresponsibly.

Transcript Highlights:

• debt issuing authorities, including post-secondary institutions.
• debt issuing authorities, including post-secondary institutions.
• Um, and she will be touching on agenda items number 5B and 5C, a new debt issue, and five SFCC debt issues
• Um, and she will be touching on agenda items number 5B and 5C, a new debt issue, and five SFCC debt issues
• The new debt issue was approved.

Keywords: 00:09 Call to Order and Roll Call 00:42 Approval of Minutes 01:07 Information Items 04:05 Lease Rpt - Finance and Administration Cabinet 18:59 OFM - Economic Development Fund Grants 25:42 OFM – KY Housing Authority 31:30 Remaining 2025 Meetings 33:26 Adjournment, 958, all

Summary: The committee met with quorum, approved the September meeting minutes, and received a set of information reports on capital projects, debt, school district bond issues, UK and KCTCS asset preservation projects, and the Louisville Arena Authority’s financial report, with the latter noted as lengthy and expected to be discussed further in person in December. The committee also heard a Finance and Administration Cabinet lease report covering three leases: a temporary lease for the Cabinet for Health and Family Services in Louisville due to ongoing maintenance and safety issues at its current site, a Department of Juvenile Justice lease in Hardin County for a day-treatment/alternative school program, and a Warren County lease renewal. Members questioned the Hardin County lease about the higher rate and limited competition; agency staff explained the specialized school setting, transportation and program requirements, and the difficulty of attracting bidders for alternative-school space. The lease package was approved after roll call. The committee then considered seven economic development grants: four EDF grants and three KPDI grants. The projects included infrastructure for Allen County’s industrial park, flood-related repairs for Weddington Plaza in the Big Sandy area, an Owensboro manufacturing expansion for Mscan America, a new Louisville manufacturing facility for Anthro Energy, a Henderson due-diligence study, a Paducah spec building, and utility extensions for the Riverbend site in Carrollton. Staff said the projects had been approved by KEFA and recommended by the relevant cabinet leadership, and the committee approved them by roll call. Finally, the committee reviewed a new Kentucky Housing Corporation conduit bond issue for about $43 million for 233 Louisville housing units, which was approved. It then took up five SFCC debt issues together: new money for an Edmonson County elementary school and Knox County middle school gym improvements, plus refundings for Callaway, Hardin, and McCracken counties. Members raised concerns that the refundings were bundled together and that some did not appear to meet a newly referenced 3% net present value savings guideline, but the package was still approved on a 5-2 vote. The meeting ended with calendar updates, including a November 20 meeting at noon and a December 16 meeting featuring the Yum Arena presentation, followed by adjournment.