Transcript Highlights:

• </c> section 5813. section 5813.
• I'm happy to along section by section.
• This section is about uh section one.
• Section 25 defines what an insured depository institution is in the context of a home loan escrow accounts
• Section 59 Mr. regarding um this area. Section 59 Mr.

Transcript Highlights:

• Because when I was reading Section 7, so I'm crossing them over, Section 7, subsection 3(B), where it
• So putting what's in Section 5 and then what's in Section 7, because the general obligation securities
• So in Section 7, line 39 through 44, because this reference is back to Section 5.
• My question has to go to section 29, page 26 at line 7, where we’re defining Tier 4 affordable housing
• It's Section 34, Section 35, Section 7. Section.

Committee: Senate Government Affairs

Transcript Highlights:

• So uh the first section would pertain to the loans for the out-state Greater Minnesota.
• So uh the first section would pertain to the loans for the out-state Greater Minnesota.
• So uh the first section would pertain to the loans for the out-state Greater Minnesota.
• So uh the first section would pertain to the loans for the out-state Greater Minnesota.
• So uh the first section would pertain to the loans for the out-state Greater Minnesota.

Committee: Senate Finance

Transcript Highlights:

• Please turn to page 7.
• Turn to section 2 on the next page.
• **Greg Owens.** Turn to section 2 on the next page.
• Section 3B provides information...
• The loan repayment program is $1.5 million.

Bills: SB1 , SB 1

Committee: Senate Finance

Transcript Highlights:

• coming from these MAG 7 stocks.
• So it really has not been a MAG 7 story. It's been a non-MAG 7 story.
• This is actually the outstanding match loans.
• The loan, I guess we looked at it as a package.
• It's not a revolving loan fund.

Summary: The Legacy Fund Committee received updates from the North Dakota Retirement Investment Office (RIO) on fund performance, liquidity, in-state investments, and internal management. Scott Anderson reported strong returns for the Legacy Fund across multiple time periods, with performance exceeding the policy benchmark and expectations, driven largely by strong equity markets and effective implementation. He also reviewed private market pacing, noting commitments were on plan but that unfunded obligations and distributions were lower than expected, and presented a new liquidity analysis showing the fund had substantial capacity to meet obligations even under stressed market scenarios. The committee also discussed RIO’s internal investment program and cost savings. Anderson explained how internal management of fixed income, equity, and cash overlay strategies has reduced fees and transaction costs, while improving flexibility and portfolio construction. Members asked about staffing needs, and RIO leadership said asset growth has outpaced current staffing, with a request for additional FTEs likely coming to support investment, operations, risk, and legal functions. The committee also reviewed the Legacy Fund’s in-state investment program, including 50 South Capital and infrastructure lending, and heard that one manager’s buildout is progressing more slowly because many opportunities are still early-stage. Adam Odison presented a preliminary estimate of the 2026 Legacy Fund earnings distribution, projecting about $894.8 million under current law, with roughly $237 million to the Highway Fund and $554 million to the Property Tax Relief Fund after the sinking and interest fund allocation. Jody Smith then gave a project update on a new standalone Legacy Fund website required by statute, intended to consolidate performance, holdings, governance, fees, and use-of-funds information for the public, with a planned launch around the October State Investment Board meeting. She also raised a possible future proposal to place the Legacy Earnings Fund back under State Investment Board management so the cash could remain invested longer before being transferred out, though members noted liquidity, accounting, and bank-deposit implications would need further review. Finally, Kelvin Holden of the Bank of North Dakota reviewed the match loan program, explaining how it supports large economic development projects by pairing Bank of North Dakota loans with State Investment Board CDs. He said the program currently has about $272 million outstanding and has supported projects such as Coal Creek Station and the MDU gas line to Gwinner. Members discussed whether the program’s return is appropriate and noted a prior moratorium on new investments so the committee can revisit the policy next session. The committee then elected Senator Klein as chair and Representative Hogan as vice chair, and the meeting ended with members thanking staff and partners for the fund’s progress.

Transcript Highlights:

• The A-7 is adopted. Representative Norris, to your bill as amended.
• I'd like to move forward with an amendment, which is an adjustment to page 3: delete section 7, renumber
• the sections in sequence, and correct the internal references.
• I'm just looking to delete section 10. Sorry, Mr.
• Chair, I'd like to bring forward page 5 and delete section 10.

Bills: HF1143 , HF1548 , HF1340 , HF2549 , HF2559 , HF1673 , HF2740 , HF2507 , HF2461 , HF2381 , HF2695

Committee: House Housing Finance and Policy

Transcript Highlights:

• All right, section one.
• Sections 2, 3, 4, and 5? Section 2 is just a definition, right?
• Section one. Go ahead.
• We do have state revolving loan funds with some loan forgiveness, but loan forgiveness is typically based
• ><c> for</c><05:22:09.840><c> but</c><05:22:10.240><c> loan</c> some loan forgiveness for but loan some

Summary: The committee first took up a House Bill 2 amendment to remove a bail-related section that had already passed in another bill and was now considered duplicative. Members discussed the earlier change to how bail commissioners are reimbursed, concerns that the Judiciary was losing money collecting the fees, and whether the magistrate-related language would still be needed. They noted the bill had already crossed over to the Senate, that the section was obsolete, and that any remaining issue about magistrates’ five-year terms might need to be raised with the Criminal Justice Committee. Amendment 997H, deleting section one, was moved, seconded, and adopted unanimously. The committee then reviewed a package of HB 1 position transfers involving the Department of Environmental Services, Fish and Game, and the Department of Natural and Cultural Resources. Staff explained that several positions were being shuffled to correct position numbers and align permitting functions, including one Fish and Game position moving back to Fish and Game, one DEES position remaining funded after ARPA money ends, and adjustments to hours for permitting and environmental services positions. Members discussed whether the Fish and Game position had been intended to be temporary, but ultimately agreed to accept the first four Environmental Services items and the last two Natural and Cultural Resources items as a package; that motion passed unanimously. They then also accepted sections 2 through 8 of HB 1 with the related amendments and footnote language. The committee next turned to dredge-and-fill fee changes in section 11, where one member objected to a 50% fee increase for seasonal docks, arguing it could discourage permitted work and might apply to repairs that only require notification. Staff said the increase was intended to help cover the cost of additional positions in future biennia, but members decided to hold that section for more information, including how many seasonal dock repair fees are actually collected. Finally, the committee began discussing HB 215 and a proposed tipping-fee/surcharge structure to make a solid waste accounting unit self-funded, with members saying the fee could offset about $2.9 million in general fund costs and support the grant program, but no final action was taken on that item in the portion of the meeting provided.

Transcript Highlights:

• </c><00:06:41.840><c> the</c><00:06:42.080><c> amount</c> loan that uh increases the amount loan that
• But it's not a revolving loan fund in which this isn't that program, in which the state loans out the
• But it's not a revolving loan fund in which this isn't that program, in which the state loans out the
• </c> the state can provide in terms of loan the state can provide in terms of loan guarantees?
• </c> sections in HB2 now not be funded? sections in HB2 now not be funded?

Committee: House Finance

Transcript Highlights:

• So we made one loan.
• The loans can be prepaid, so there is no prepayment penalty for paying off the loans.
• To take on a loan.
• Madam Chair, we did a $50,000 loan in 2006, and now we know we've done about a $1.5 million loan.
• The other was on your section 7 of page 5.

Committee: House New Mexico Finance Authority Oversight Committee

Transcript Highlights:

• </c><00:09:35.040><c> 10,</c> actually on page 70, section 10, actually on page 70, section 10, uh,<00
• You'll see in section one that the loan amounts are increased there.
• Article five makes some modifications to the Promise Act loans, grants, and loans.
• You'll see in section one that the loan amounts are increased there.
• Article five makes some modifications to the Promise Act loans, grants, and loans.

Committee: Senate Jobs and Economic Development

Transcript Highlights:

• Turning to page three, section three.
• Section 5 includes items not included in recommendations. 7 and 8 contain items not included that total
• On page six section five.
• Turning to page 2 and sections 2 items A through G will be discussed in further detail in section 3.
• Section 5, items not included in recommendations, pages 10 through 14 contain 16 items and 7 writer requests

Bills: SB1 , SB 1

Committee: Senate Finance

Transcript Highlights:

• Both of these loans were approved at the August 7 KIA board meeting.
• Both of these loans were approved at the August 7 KIA board meeting.
• Both of these loans were approved at the August 7 KIA board meeting.
• Both of these loans were approved at the August 7 KIA board meeting.
• This 20-year loan will have a 2.75% interest rate and was approved at the August 7 KIA board meeting.

Summary: The committee first handled routine business, including roll call, approval of the July minutes, and several informational reports. Those reports included a University of Kentucky restricted-fund medical equipment purchase for Chandler Hospital, debt issues for five school districts, Eastern Kentucky University’s planned model laboratory school using construction management risk delivery, a Division of Real Properties lease advertisement, Kentucky Communications Network Authority quarterly project reports, and EKU asset preservation revisions. Members then heard and approved a new UK St. Clair Urgent Care Clinic lease in Morehead and an amendment expanding space for the UK Family and Community Medicine Clinic at Turflin Clinic. Testimony explained that both properties are privately owned, the Morehead lease predated the UK/St. Clair arrangement, and the Turflin Clinic is tight on space. The committee also approved three new projects and an appropriation increase: two Department of Military Affairs projects, a Window Ford Training Center underground electric project and a Williamsburg Readiness Center interior repair project, a Fish and Wildlife property acquisition adjoining Veterans Memorial Wildlife Management Area, and an $8.113 million increase for the Department of Revenue integrated tax system (DORIS). The DORIS increase was described as needed for change orders tied to legislation and to complete the unified tax system. The committee next reviewed no-action items, including a $3 million emergency flood-damage repair project for the Bush Building and Vest-Lindsay House in Frankfort, and three pool projects over $1 million: a Kentucky Correctional Institute for Women window replacement phase 2 project, a Department of Criminal Justice Training interior refurbishment at Thompson Hall, and the Muddy Gut Branch stream mitigation project in Johnson County. The flood project was confirmed to be fully reimbursed by insurance proceeds. Finally, the Kentucky Infrastructure Authority presented six loans and nine grants. Action items included water and sewer financing for Cumberland County, Lebanon, Northern Kentucky Water District, Lewisport, and Providence, plus a major Taylor Mill treatment plant project and several cleaner water grants and reallocations. Members asked about loan rates, local rate increases needed to repay debt, and the Providence emergency water interconnect; staff explained that Lewisport had begun a rate increase process, and that the Providence project would connect Webster County Water District and the city of Providence to stabilize pressure after a systemwide failure. All action items were approved.

Transcript Highlights:

• You see where it says $7 million?
• That's in a section, Representative Hanson? Oh, it's a section.
• We'll go to the sections, page three.
• Section 7 is Lyft.
• And that's starting to be a revolving loan.

Bills: SB2018

Committee: House Appropriations - Education and Environment Division

Summary: The committee took up Senate Bill 2018, the Department of Commerce budget, and walked through the long sheet and a series of proposed changes. Members discussed restoring a vacant workforce FTE that Commerce said it could fill soon, monitoring federal funding delays but reporting no known cuts, and adjusting several one-time items including Operation Intern, the North Dakota Development Fund, the Global Talent Office, and tourism-related funding. The chair also proposed separating tourism marketing and Good Life funding again, rather than combining them, and members raised concerns about ensuring tourism dollars are used only for tourism purposes. A number of program amounts were reviewed or adjusted in discussion, including UAS grants, Vantus/Beyond Visual Line of Sight funding, Grand Sky, Grand Farm autonomous agriculture grants, base enhancement grants, Native American small business grants, regional workforce impact grants, technical skills training grants, and tribal college workforce grants. Commerce officials explained that some grant language would be changed to require competitive RFP processes, and they clarified that the housing opportunity and community property improvement items were handled in other bills or programs. The committee also discussed apprenticeship efforts across state agencies and Commerce’s role in workforce development. The committee reviewed carryover and exemption language for prior appropriations, including federal weatherization and energy funds, and Commerce said three one-time FTE tied to those federal programs should become ongoing because the federal dollars continue over several years. A motion to add $1.5 million for the North Dakota Safety Council failed for lack of a second. The committee then planned to return the next day to continue work on Commerce and take up the CTE budget, including a pending amendment related to CTE’s possible move from the 15th floor of the Capitol.

Transcript Highlights:

• With that, I move to concur on Senate Bill 7.
• 23 of the House Amendments, amending Section 14.103 Government Code, and substitutes therefore Section
• 20 of the Senate version of the bill amending Section 8.
• Section 20 of the Senate version.
• Section 23.

Bills: SJR27 , SB7 , SB27 , SB57 , SB66 , SB140 , SB293 , SB413 , SB437 , SB467 , SB506 , SB510 , SB512 , SB571 , SB710 , SB785 , SB800 , SB850 , SB863 , SB865 , SB904 , SB905 , SB973 , SB974 , SB1191 , SB1281 , SB1300 , SB1362 , SB1494 , SB1504 , SB1522 , SB1567 , SB1579 , SB1580 , SB1723 , SB1760 , SB1838 , SB1923 , SB1946 , SB1957 , SB1964 , SB2121 , SB2167 , SB2221 , SB2321 , SB2368 , SB2373 , SB2407 , SB2431 , SB2477 , SB2587 , SB2615 , SB2807 , SB2965 , SB2986 , SB3039 , SB3047 , SB3070 , SB1 , SB8 , SB12 , SB13 , SB15 , SB17 , SB21 , SB30 , SB37 , SB260 , SB268 , SB331 , SB379 , SB441 , SB447 , SB457 , SB509 , SB568 , SB650 , SB763 , SB1198 , SB1405 , SB1506 , SB1540 , SB1566 , SB1610 , SB1637 , SB1660 , SB1833 , SB2018 , SB2024 , SB2155 , SB2217 , SB2308 , SB2337 , SB2601 , SB2753 , SB2778 , SB2878 , SB2900 , SB2972 , SB3059 , HB4 , HB145 , HB300 , HB493 , HB2011 , HB2067 , HB2516 , HB2525 , HB2885 , HB2974 , HB3071 , HB3372 , HB3556 , HB3595 , HB5138 , HB5246 , HB40 , HB46 , HB 119 , HB705 , HB1545 , HB2017 , HB2963 , HB3642 , HB3909 , SJR36 , SJR50 , SJR63 , SCR12 , SCR39 , SB2023 , SB62 , SB666 , SB847 , SB284 , SB854 , SB810 , SB1505 , SB583 , SB507 , SB1434 , SB1772 , SB2016 , SB1122 , SB731 , SB397 , SB508 , SB1436 , SB287 , SB1882 , SB393 , SB1791 , SB209 , SB2429 , SB1085 , SB1975 , SB2717 , SB1262 , SB636 , SB2056 , SB884 , SB1200 , SB1845 , SB2458 , SB801 , SB3014 , SB3013 , SB758 , SB2797 , SB2076 , SB2876 , SB1640 , SB1449 , SB1181 , SB1234 , SB2926 , SB2841 , SB1528 , SB1854 , SB317 , SB1250 , SB2082 , SB1237 , SB2819 , SB629 , SB2608 , SB1602 , SB2009 , SB867 , SB640 , SB1698 , SB2680 , SB913 , SB1071 , SB1086 , SB1087 , SB1483 , SB1444 , SB1553 , SB1556 , SB1703 , SB2133 , SB2297 , SB2298 , SB2622 , SB2955 , SB2334 , SB1367 , SB2044 , SB2363 , SB2565 , SB1888 , SB3036 , SB3057 , SB3043 , SB3063 , SB3035 , SB203 , SB2688 , SB2522 , SB2459 , SB2655 , SB2251 , SB1884 , SB2928 , SB2566 , SB2549 , SB2553 , SB2919 , SB1944 , SB1232 , SB1798 , SB2603 , SB2607 , SB2683 , SB1319 , SB3045 , SB3071 , HB796 , HB1523 , HB5294 , HB748 , HB3395 , HB180 , HB3171 , HB146 , HB5596 , HB5694 , HB 1135 , HB3225 , HB186 , HB1449 , HB3793 , HB 112 , HB 104 , HB3336 , HB3520 , HB3320 , HB5663 , HB2399 , HB 111 , HB3483 , HB4580 , HB3748 , HB632 , HB4730 , HB5690 , HB5689 , HB3385 , HB4359 , HB5381 , HB 123 , HB5606 , HB 1057 , HB3664 , HCR141 , HCR40 , HCR59 , SR695 , SCR54 , HCR153 , HCR166 , HCR168 , SJR27 , SB7 , SB57 , SB66 , SB140 , SB293 , SB413 , SB437 , SB467 , SB506 , SB510 , SB512 , SB571 , SB710 , SB785 , SB800 , SB850 , SB863 , SB865 , SB904 , SB905 , SB973 , SB974 , SB1191 , SB1281 , SB1300 , SB1362 , SB1504 , SB1522 , SB1567 , SB1579 , SB1580 , SB1723 , SB1760 , SB1838 , SB1923 , SB1946 , SB1957 , SB1964 , SB2167 , SB2221 , SB2321 , SB2368 , SB2407 , SB2477 , SB2587 , SB2615 , SB2807 , SB2965 , SB2986 , SB3039 , SB3047 , SB3070 , HB40 , HB 119 , HB705 , HB1545 , HB2017 , HB2963 , HB3642 , HB3909 , SB17 , SB21 , SB509 , SB1198 , SB1506 , SB1833 , SB2155 , SB2601 , SB2778 , HB300 , HB2011

Transcript Highlights:

• In section, page four, section 8, it talks about it doesn't create a state guarantee.
• And what it does is it modernizes the Louisiana Consumer Loan framework by raising the loan amount thresholds
• This is for new loans moving forward.
• Right now, those same consumers with a 500, 600 credit score, they're not getting a 6 and 7% loan at
• This loan ends. And so—thank you. This loan ends.

Committee: House Commerce, Consumer Protection, and International Affairs

Summary: The House Committee on Commerce met on March 17, 2026, adopted its rules again because they had not been properly posted, and voluntarily deferred several bills before taking up the day’s agenda. The committee then moved through a series of commerce and financial services measures, with members repeatedly noting the bills had been worked on jointly by authors and stakeholders. HB 489, on transfer-on-death securities, was amended to make the transfer requirements mandatory and to remove a liability limitation for registering entities, then reported favorable. HB 545, which narrowed a consumer-loan bill to origination fees only, was amended and reported favorable. HB 555, expanding protections for eligible adults from financial exploitation, was amended with technical changes and an amendment from Rep. Boyd, then reported favorable after testimony from bankers and advocates describing scams targeting seniors and the need for delayed transactions, trusted contacts, and training. HB 797, creating the Bayou Gold Program, was amended to clarify electronic payment platforms and reported favorable after questions about state involvement, insurance, and consumer protections. HB 952, modernizing the consumer loan framework, was amended to a three-tier rate structure and to add ability-to-repay and disaster-relief provisions, then reported favorable. The committee also considered two economic development bills from Rep. Owen. HB 672 would encourage brick manufacturing in Louisiana; after an amendment changed LED’s role from directing a priority industry to allowing support through existing programs and guidance, the bill was reported favorable. Testimony emphasized Louisiana’s clay deposits, limited in-state brick production, and potential benefits for housing costs and jobs. HB 670, on wood pellet manufacturing, received a similar amendment limiting LED to support and guidance rather than mandates, and was also reported favorable. A consultant testified that a proposed North Louisiana pellet facility could generate significant payroll, local spending, and revenue from timber that is currently underused, while LED described the sector as part of the state’s agribusiness and energy strategy and discussed global demand, carbon footprint requirements, and the role of CCUS in attracting large projects. The discussion on HB 670 continued at the end of the transcript, with members probing how the industry works and how Louisiana could benefit from it.

Transcript Highlights:

• To raise a point of order pursuant to Rule 4, Section 40; Rule 11, Sections 2 and 3. Mr.
• Mortgage loan originators.
• to be a mortgage loan originator.
• Doesn't require everybody that has a hand in the loan to be a mortgage loan originator.
• HCR 7, clerk, read the resolution.

Bills: HB200 , HB541 , HB1803 , HB30 , HB175 , HB249 , HB721 , HB851 , HB897 , HB 1128 , HB1904 , HB1916 , HB5560 , HB3071 , HB5627 , HB5435 , HB3913 , HB2921 , HB2695 , HB2688 , HB3045 , HB3483 , HB3673 , HB4213 , HB4226 , HB783 , HB4373 , HB4735 , HB5155 , HB5057 , HB4984 , HB4944 , HB4813 , HB5339 , HB5196 , HB5033 , HB4853 , HB3486 , HB4211 , HB74 , HB4670 , HB4730 , HB4743 , HB4603 , HB4463 , HB3892 , HB4139 , HB4752 , HB4520 , HB4517 , HB4486 , HB4437 , HB4426 , HB4396 , HB4263 , HB3487 , HB3418 , HB2284 , HB2266 , HB2229 , HB4912 , HB2189 , HB4506 , HB5269 , HB5224 , HB5195 , HB3317 , HB4166 , HB3947 , HB3358 , HB3370 , HB4438 , HB3745 , HB3602 , HB3697 , HB2001 , HB1968 , HB3371 , HB3909 , HCR7 , SB1744 , SB1364 , SB1316 , HB2026 , HB3302 , HB3368 , HB1639 , HB5652 , HB4655 , HB5654 , HB5658 , HB5656 , HB4894 , HB4996 , HB5088 , HB5650 , HB4464 , HB3751 , HB5665 , HB5661 , HB 1237 , HB2802 , HB5437 , HB2703 , HB5666 , HB5667 , HCR113 , HCR86 , SB2196 , SB463 , SB856 , SB1245 , SB1169 , SB509 , SB985 , SB305 , SB552 , HB1535 , HB 123 , HB1804 , HB426 , HB1773 , HB1871 , HB2035 , HB2492 , HB1411 , HB4753 , HB4666 , HB4529 , HB1499 , HB1610 , HB2028 , HB1506 , HB886 , HB3546 , HB796 , HB223 , HB3556 , HB2448 , HB4638 , HB 111 , HB180 , HB 1027 , HB 1178 , HB610 , HB 1277 , HB1615 , HB1620 , HB5342 , HB4885 , HB4751 , HB4530 , HB4488 , HB2149 , HB2071 , HB2282 , HB2248 , HB2243 , HB2522 , HB2310 , HB2513 , HB2300 , HB1902 , HB1813 , HB3719 , HB4284 , HB3743 , HB3778 , HB5153 , HB5147 , HB4877 , HB4850 , HB3261 , HB3005 , HB3033 , HB2849 , HB2967 , HB3531 , HB1768 , HB333 , HB2914 , HB2613 , HB3717 , HB3704 , HB2697 , HB3801 , HB3099 , HB3488 , HB3477 , HB3466 , HB3396 , HB3469 , HB2594 , HB2776 , HB2564 , HB2298 , HB5331 , HB5646 , HB5247 , HB5323 , HB4384 , HB3896 , HB4014 , HB3627 , HB3594 , HB2524 , HB510 , HB561 , HB5111 , HB5446 , HB 1181 , HB3963 , HB2785 , HB1661 , HB2460 , HB200 , HB541 , HB1803 , HB30 , HB175 , HB249 , HB721 , HB851 , HB897 , HB 1128 , HB1904 , HB1916 , HB5560 , HB3071 , HB5627 , HB5435 , HB3913 , HB2921 , HB2695 , HB2688 , HB3045 , HB3483 , HB3673 , HB4213 , HB4226 , HB783 , HB4373 , HB4735 , HB5155 , HB5057 , HB4984 , HB4944 , HB4813 , HB5339 , HB5196 , HB5033 , HB4853 , HB3486 , HB4211 , HB74 , HB4670 , HB4730 , HB4743 , HB4603 , HB4463 , HB3892 , HB4139 , HB4752 , HB4520 , HB4517 , HB4486 , HB4437 , HB4426 , HB4396 , HB4263 , HB3487 , HB3418 , HB2284 , HB2266 , HB2229 , HB4912 , HB2189 , HB4506 , HB5269 , HB5224 , HB5195 , HB3317 , HB4166 , HB3947 , HB3358 , HB3370 , HB4438 , HB3745 , HB3602 , HB3697 , HB2001 , HB1968 , HB3371 , HB3909 , HCR98 , HCR92 , HCR126 , HCR7

Keywords: juvenile offenders, parole eligibility, youth justice, criminal justice reform, inmate rehabilitation, direct patient care, healthcare, physicians, medical services, insurance regulation, dentist, dental hygienist, interstate practice, licensure, compact privilege, public health, military members, disaster relief, tax rates, local government

Transcript Highlights:

• We had a savings and loan debacle in the 1980s. We had a meltdown in 2008.
• Section 6-700I specifically mentions a depository bank. A depository bank accepts deposits.
• Okay, that's out on a 7-0 vote. And referred to...
• Okay, that's out on a 7-0 vote. File item number five, AB 2745, Fong...
• And that's out on a 7-0 vote. And then the consent calendar... Aye. Petrie-Norris: Aye.

Committee: House Economic Development, Growth, and Household Impact

Transcript Highlights:

• So if they're asking for a short-term loan, then they'll get more points than for a long-term loan.
• From a loan term perspective, the maximum loan term is $15 million.
• The loan term is typically 15 to 30 years.
• Same with the rental housing; even if they've paid off the loan, our collateral minimum loan-to-value
• And I'm interested in your section 52.

Committee: House Public School Capital Outlay Oversight Task Force

Transcript Highlights:

• Removing the repeal of HRS 237-24.9 on page 60, section 17; HRS 237-24.31 on page 20, section 6; and
• Removing the repeal of HRS 237-24.9 on page 60, section 17; HRS 237-24.31 on page 20, section 6; and
• Removing the repeal of HRS 237-24.9 on page 60, section 17; HRS 237-24.31 on page 20, section 6; and
• removing</c><00:23:49.120><c> sections</c><00:23:49.600><c> three</c> section two and removing sections
• </c> on lands acquired through this section. on lands acquired through this section.

Summary: The committee heard testimony and then took up House Bill 1369, which would repeal several tax credits and exemptions, including the renewable fuels production tax credit. Testimony was overwhelmingly opposed: Hawaii Gas, the Hawaii Renewable Fuels Coalition, and the Tax Foundation all raised concerns, with opponents arguing the renewable fuels credit has supported major local investment, cleaner fuel production, and energy resilience, while Hawaii Gas warned repeal would raise costs for customers. The Department of Taxation said it did not take a position but provided revenue estimates, saying the bill would increase revenues by about $33.8 million in FY 2026 and $121.7 million in FY 2027; DBEDT said it would follow up on broader economic impacts. The chair proposed a series of amendments that removed some repeals, added five-year sunsets to certain exemptions, narrowed or conditioned others, and tied the renewable fuels exemption to a dollar-for-dollar match for renewable fuel production certified by the state energy officer. The committee recommended passage with amendments, and the motion was adopted with multiple members voting with reservations. The committee then moved through a series of other measures. HB 159, HB 244, HB 280, HB 316, HB 716, HB 1298, and HB 1295 were recommended for passage, with HB 1295 amended to change a date to 2050. HB 455 was amended to remove the Hawaii Startup Business Loan Program language and instead fund DBEDT contracting for startup financing and support, excluding businesses already eligible for the community-based economic development loan program. HB 504 was amended to add non-recurring appropriations for the Hawaii Tourism Authority, conditioned on formal commitments to purchase local products under the HRS 27-8 timeline; members discussed the cruise passenger tax and where the revenue would go, and the bill was passed with amendments. HB 606 was amended to recognize DHHL authority over mercantile projects licenses, remove some reporting requirements, and replace the appropriation with $25 million for mercantile projects and $25 million for repair and maintenance. HB 1378 was amended to allow the foundation to enter public-private partnerships, adjust appropriation language, and cap a proposed limit at $15 million, with the committee noting the changes addressed concerns raised in testimony from BNF and the attorney general. HB 974 was deferred indefinitely because the House had already passed SB 1501. Finally, HB 1007 was amended to rename the transit-oriented development infrastructure district program as the transit-oriented community improvement program, consolidate the boards into one, expand board membership, add conflict-of-interest provisions, and allow legislative designation of areas; after discussion about HCDA’s role and the stadium district, the measure was adopted with one reservation.

Transcript Highlights:

• </c><00:03:38.720><c> became</c> interest rates under this section became interest rates under this section
• um if you go to page six page 7 page um if you go to page six page 7 page eight<00:08:08.720><c> page
• , like an auto loan or unsecured loan or credit cards and different things.
• like an auto kind of consumer-based loan like an auto loan<00:10:42.959><c> or</c><00:10:43.160><c>
• <c> credit</c> loan or unsecured loan or or credit loan or unsecured loan or or credit cards<00:10:45.639

Bills: HF2601 , HF2607 , HF2027 , HF2608

Committee: House Commerce Finance and Policy