Transcript Highlights:

• , at least a portion of it, changes because sometimes we use the general fund and sometimes we use bonds
• So when we're using bonds, you know there's a certain percentage you have to spend, and there's a little
• If the project's funded by severance tax or bonds themselves, but if it's a straight general fund, you
• I will say that the process, to your point about the bonding, like the TIF funding versus the general
• In the bonding IG, it usually includes more language regarding the bonds and the expenditures, but the

Committee: House House Government, Elections & Indian Affairs

Transcript Highlights:

• It is the case that, in order to pass a bonding bill, you need a majority of votes.
• I mean, you said a couple weeks ago bonding was pretty much dead.
• And we find our way back to that again in order to get the budget done and to get a bonding bill done
• And we find our way back to that again in order to get the budget done and to get a bonding bill done
• And we find our way back to that again in order to get the budget done and to get a bonding bill done

Keywords: 1187, senate, all

Transcript Highlights:

• schools and local community college public education facilities modernization, repair, and safety bond
• Proposition 2 was approved by California voters in November 2024 to authorize $10 billion in bonds for
• Historically, our office has been funded through statewide school facilities bonds.
• Another statewide school facilities bond to be considered by the voters and/or budget act appropriations
• Bond authority even after August, but the reservation by the board of remaining general fund authority

Summary: The subcommittee held an informational budget hearing covering several GovOps, CDT, CPPA, and DGS items. GovOps reported that most deliverables under the Governor’s generative AI executive order have been completed, including guidelines, procurement tools, community-impact guidance, and a new project delivery lifecycle for Gen AI projects; one workforce-related deliverable remains. Members and public commenters raised concerns about privacy, labor impacts, and how the state will explain and oversee Gen AI use. The committee also heard a proposal to create a California Education Interagency Council with $5 million ongoing and 16 positions to coordinate workforce and education systems; LAO questioned duplication and recommended limited-term funding, while supporters said a neutral convening body is needed to improve coordination and student outcomes. GoServe presented the College Corps budget proposals, describing the program as a paid service and career-development opportunity for undergraduate students that helps reduce college costs while supporting communities through tutoring, food insecurity work, climate and disaster response, and other service. The administration sought one-time and ongoing funding to expand the program to more campuses and students, while LAO objected to the high administrative costs and recommended rejection. Several students and alumni testified that College Corps provided financial support, professional experience, and career pathways. The committee also heard a $5 million proposal for a Belonging Campaign to address loneliness and social isolation through research, outreach, and local grants; LAO said the proposal lacked clear goals and measures, while supporters said the effort is needed for youth, seniors, and community resilience. The Department of Technology updated the Middle Mile Broadband Initiative, saying construction is underway on the statewide open-access network and the project remains on track for the 2026 deadline, though LAO noted a required business plan had not yet been submitted. The California Privacy Protection Agency presented its Delete Act implementation request for the DROP platform, which will let consumers request deletion of personal information held by data brokers; LAO flagged oversight concerns because CDT is both developing the system and involved in project support. Public commenters from business groups urged caution on CPPA’s rulemakings, warning of compliance costs and job impacts. The Department of General Services then discussed implementation of Proposition 2 school facilities bonds, requesting staffing and administrative funding to manage the new bond program and continue school facility work. Officials said the program can also help districts affected by the January wildfires, including interim site funding and expedited assistance. Finally, DGS requested authority and positions to operate Building 18 for labor-agency tenants relocating from older Capitol Mall space; SEIU Local 1000 criticized the state’s four-day return-to-office policy and said telework has improved productivity and retention. No formal votes were taken; the hearing concluded after public testimony and member questions on each item.

Transcript Highlights:

• 03:54.439><c> AAA</c> still delivering services keeps us AAA still delivering services keeps us AAA Bond
• 55.720><c> keeps</c><00:03:55.959><c> the</c><00:03:56.120><c> growth</c><00:03:56.439><c> that</c> Bond
• rated it keeps the growth that Bond rated it keeps the growth that we're<00:03:56.680><c> seeing</c>
• lives</c><00:04:20.000><c> and</c> When we do so, we end up year after year balancing budgets, AAA bond
• meaning we do the biennial budgets and then we come back and we do basically off-year policy and bonding

Keywords: 1183, house

Transcript Highlights:

• </c><01:20:22.560><c> The</c> I wanted to touch on the bond issue.
• The I wanted to touch on the bond issue.
• So, a bond consistent revenue stream.
• So, a bond wouldn't<01:20:26.719><c> specifically</c><01:20:27.280><c> help.
• I still think that maybe the bonding issue would have to be voted on.

Bills: SF0082

Committee: House Corporations, Elections & Political Subdivisions

Keywords: registered agents, corporate governance, entity ownership, business regulations, transparency, 916, all

Transcript Highlights:

• That's roughly what we think of as sort of the equilibrium on the 10-year bond rate.
• That is the calculated amount of principal and interest on all bonds issued and outstanding, all bonds
• authorized and unissued, and all bonds being proposed in the executive budget.
• c> presentation with a bond sitting around presentation with a bond sitting around 10%<01:59:04.520><
• We do not issue bonds based upon the projects that you do; we issue bonds based upon how the state spends

Keywords: 910, house, all

Summary: The Committee on Finance held its first informational briefing for 2025, beginning with member introductions and then hearing an economic outlook presentation from Dr. Eugene Tian of the Department of Business, Economic Development and Tourism. Dr. Tian said Hawaii’s economy was in relatively good shape in several areas, especially construction, which he described as at a historical high, with construction employment above 40,000 monthly and building permit values and contracting tax base both up sharply. He also noted real estate sales had rebounded in 2024, the labor market had stabilized with unemployment around 2.9%, and initial unemployment claims were below 2019 levels. At the same time, he highlighted challenges including inflation running above the national rate, a shrinking labor force, lower employment compared with 2023, and continued weakness in visitor spending and arrivals. He said future growth would likely come from health care, professional services, construction, tourism recovery, and diversified sectors such as renewable energy, aquaculture, creative industries, and technology. Dr. Tian also discussed Hawaii’s economic structure and recovery, saying the state remains more concentrated in a few industries than the U.S. overall, with government and hospitality making up larger shares of the economy. He said non-tourism sectors had recovered, but tourism-related jobs and output were still below pre-pandemic levels, with Maui and the visitor industry still affected by the wildfire and COVID-19 impacts. He projected tourism and non-agricultural wage and salary jobs would not fully recover until 2027, and said population trends remain a concern because of aging, the likelihood of deaths outpacing births in coming years, and reliance on in-migration. After his presentation, the chair said questions would be taken later and the committee took a short break. After the break, Dr. Carano of the Hawaii Executive Director’s office presented a second outlook, saying Hawaii’s economy in 2025 looked better than 2024 overall, though he emphasized substantial uncertainty tied to the incoming federal administration. He said possible changes to tariffs, tax policy, immigration, and federal spending could raise inflation and keep interest rates higher than previously expected, which would affect housing, consumer debt, the dollar, and Hawaii’s visitor industry. He noted that U.S. visitors account for roughly three-quarters of visitor spending in the state, making federal policy especially important. He also said deregulation could be a long-term positive but would not likely have much effect in 2025 or 2026. As an additional risk, he pointed to bird flu and its effect on livestock, poultry, and egg prices. No votes or formal actions were taken during the briefing.

Transcript Highlights:

• Minnesota already has a permitting process that ensures responsible siting while balancing environmental
• Minnesota already has a permitting process that ensures responsible siting while balancing environmental
• <00:23:27.279><c> and</c><00:23:27.400><c> land</c><00:23:27.640><c> use</c> environmental and land use
• of continued environmental impacts of continued emissions<00:52:28.599><c> from</c><00:52:28.799><c>
• <01:19:51.800><c> performance</c><01:19:52.400><c> this</c><01:19:52.560><c> metric</c> environmental

Committee: House Energy Finance and Policy

Keywords: 1183, house

Transcript Highlights:

• the Amendments to the Constitution, recommending legislation relative to providing terms of certain bonds
• the Amendments to the Constitution, recommending legislation relative to providing terms of certain bonds
• Under Rule 30, the message from Her Excellency the Governor will be referred to the Committee on Bonding

Summary: The House received two gubernatorial messages: one recommending legislation on terms for certain Commonwealth bonds, referred to the Committee on Bonding, Capital Expenditures and State Assets, and another exempting George Petrinos from the maximum retirement age for firefighter service in Dudley, referred to the Committee on Public Service. The Committee on Rules also reported favorably on resolutions commending the Town of Plymouth for its commemoration of the 250th anniversary of the Declaration of Independence, and the House suspended the rules and adopted the resolution. The House then took up Senate Bill 2577, further regulating parking fines in Scituate. After suspending Rule 7A, the bill was ordered to a third reading. The House also passed to be enacted two engrossed bills: House 4141, authorizing North Adams to appoint retired police officers as special police officers for paid detail assignments, and House 3929, regulating the maximum age for original appointment as a police officer in Worcester. Later, the House passed to be engrossed Senate Bill 2908, establishing a sick leave bank for Shannon Manning of the Trial Court, Senate Bill 3031, establishing a sick leave bank for Stephanie Rivera of the Worcester County Sheriff's Office, House Bill 4443, changing the maximum age requirement for original appointment as a firefighter or police officer in Haverhill, and House Bill 5379, relating to the transfer of interest in land in West Brookfield. The House adopted an order to adjourn until Wednesday at 11 a.m., and then adjourned to meet then in informal session.

Transcript Highlights:

• the amendments of the Constitution recommending legislation relative to providing terms of certain bonds
• the amendments of the Constitution recommending legislation relative to providing terms of certain bonds
• Under Rule 30, the message from Her Excellency the Governor will be referred to the Committee on Bonding

Keywords: 1212, all

Transcript Highlights:

• commissions, institutions, and certain activities of the Commonwealth, for interest, sinking funds, serial bond
• , institutions, and certain activities of the Commonwealth, for interest, sinking fund, and serial bond
• commissions, institutions, and certain activities of the Commonwealth for interest, sinking fund, and serial bond

Keywords: 995, all

Summary: The House opened with the Pledge of Allegiance and then took up several ceremonial resolutions. On the Committee on Rules report, members adopted resolutions commemorating the Armenian Genocide and the 50th anniversary of Black April after suspending the rules. Representative Howard also recognized April 17 as the 50th anniversary of the Cambodian genocide, noting the Legislature’s prior designation of Cambodian Genocide Remembrance Day and observing a moment of silence for victims and survivors. The House also welcomed visiting student athletes from Weston High School, including the boys’ indoor track and field team and the boys’ fencing team, both state champions. Later, the Committee on Ways and Means reported House 1, the fiscal year 2026 state budget bill, with a total appropriation of about $61.4 billion. The bill was read a second time and, on motion of Representative Mikelowitz, further consideration was postponed until April 28, with the matter laid on the table. Finally, the House adopted an order to adjourn today to meet again Tuesday at 11 a.m. The chamber then adjourned.

Transcript Highlights:

• We commend the students for taking an active interest in environmental and coastal issues, public service
• We commend the students for taking an active interest in environmental and coastal issues, public service

Keywords: 1212, all

Transcript Highlights:

• But this budget forecast and the work that we've done, whether it's being AAA bond rating or being able
• /c><00:04:47.759><c> it's</c><00:04:47.919><c> being</c><00:04:48.320><c> AAA</c><00:04:48.560><c> bond
• </c><00:04:48.880><c> rating</c> done, whether it's being AAA bond rating done, whether it's being AAA
• bond rating or<00:04:49.840><c> being</c><00:04:50.080><c> able</c><00:04:50.240><c> to</c><00:04:50.400
• Make sure we're able bonding bill done.

Keywords: 1183, house

Transcript Highlights:

• So currently the school bond questions are excluded from being placed on the general election ballot
• In Santa Fe, we just had a bond initiative on our ballot, and it was for our local elections, and it
• , and not all bonds are on that schedule, they have to pay for a special election.
• Our general election will be in November, so how are we differentiating bonding time?
• Bonding is in June, correct? Or as soon as we finish our session?

Keywords: 996, all

Summary: The committee first heard House Memorial 54, which would create a stakeholder working group to study utility-service problems in manufactured and mobile home parks and recommend solutions. The sponsor described repeated water and utility outages in large parks, said current law places maintenance responsibility on park owners, and argued that the state needs clearer standards and alternatives to costly attorney general lawsuits. Supporters from PNM and the New Mexico Center on Law and Poverty backed the memorial as a step toward better oversight and protections for residents. The committee asked about existing landlord obligations and whether rent withholding is available; the sponsor said current law does not clearly provide that remedy. HM 54 was reported out with a due pass. The committee then considered House Bill 166, which would create a statewide permitting framework for battery-charged electric fences used by commercial businesses while preserving local zoning authority. The sponsor and an industry witness said businesses face inconsistent local permitting, delays, and added costs, and that the bill would provide uniform standards and security options. Several members raised concerns that the bill appeared to favor a specific product type, could override local code differences, and might not address mixed-use areas, historic districts, or homeowners associations. After debate, the bill passed on a 4-3 vote, with one member explaining support but urging further work with local government experts before floor consideration. House Bill 20, a bipartisan measure, would allow Native American applicants to request a voluntary Native American designation on state driver’s licenses and ID cards, without naming a specific tribe, and with documentation requirements tied to tribal cards, certificates of Indian blood, or affidavits of birth. Supporters said it would recognize tribal political status, help with law enforcement and Turquoise Alert verification, and assist with education, health, and child welfare matters; tribal representatives and State Police testified in favor. Several members expressed concern about racial profiling, privacy, and possible unintended consequences of marking IDs, while others noted the designation is optional and tied to political status rather than race. Members also flagged drafting language that appeared to require multiple documents, and the sponsor agreed to clarify it. The bill ultimately passed, with some members explaining their votes and asking for continued discussion with tribes. The committee also approved Senate Joint Resolution 1, which would amend the state constitution to allow school bond and mill levy questions to appear on the general election ballot rather than being limited to separate school elections. Sponsors said the change would reduce special-election costs, increase turnout, and remove outdated language dating to 1910; school board and education groups supported it. Members asked about ballot crowding and local election timing, and sponsors emphasized that the measure gives school districts a choice rather than a mandate. Finally, the committee heard House Bill 295, which would create an Office of Accessibility to centralize reporting, provide technical assistance, and produce annual reports on accessibility of state buildings and websites. Disability advocates largely supported the bill as a way to improve compliance and consistency, while one webcast commenter opposed it, arguing that without enforcement authority it would not produce meaningful change. The transcript ends during testimony on HB 295, before final committee action is shown.

Transcript Highlights:

• And I see this in what we just did with bonding for our roads. We just...
• I see this in what we just did with bonding for our roads.
• We just passed a bonding bill, but it doesn't address local road projects.
• And all of that last year, when that first bonding bill for the roads came through, there was nothing
• One, the revenues, their recurring revenues that come through an earmark on the severance tax bonding

Summary: The committee first heard House Bill 103, which would prevent a homeowner from losing the 3% valuation cap solely because of a zoning change. The sponsor and supporters, including the New Mexico Business Coalition, Realtors, and the City of Albuquerque, said the bill would protect homeowners from unexpected tax increases when the property’s use has not changed. There was no opposition, and the committee approved HB 103 with a due pass recommendation by voice vote. The committee then considered House Bill 145, which extends the high-wage job tax credit sunset from 2026 to 2036. The sponsor and the Economic Development Secretary said the credit has been effective in attracting and retaining higher-wage jobs, especially because employers need long-term certainty. Business and economic development groups testified in support, while no one spoke in opposition. Members discussed the wage thresholds, the value of keeping a sunset for review, and the bill’s fiscal impact. The committee passed HB 145 on a 7-2 roll call vote. House Bill 247, a major capital outlay modernization bill, generated the most extensive discussion. The sponsor described the bill as a response to billions in unspent capital outlay balances and repeated reauthorizations, and proposed amendments to require ICIP inclusion for larger appropriations, limit reauthorizations, and change how water projects are handled. Public testimony was mixed: some rural and tribal representatives supported modernization but warned that the water provisions could harm small communities, fire suppression systems, flood-control dams, and other local projects. After debate, the committee adopted an amendment striking the water-related Section 2, then later passed the bill as twice amended with a due pass recommendation.

Transcript Highlights:

• not only chaired Ways and Means, but had a lot of interaction with Jay Gonzalez when I was chair bonding
• on the employer community in addition to the surcharge they are already paying for some of the UI bonding
• on the employer community in addition to the surcharge they are already paying for some of the UI bonding
• We would say, you touch this, beyond this point, your bond rate is going down.
• Oh, because you're worried about bond rating. Because I don't think there's an objective line.

Committee: Senate Senate Committee on Intergovernmental Affairs

Keywords: 1212, all

Transcript Highlights:

• There's a bond for putting in those things, but there's no bond for maintenance, and there's nothing
• </c><00:17:00.320><c> There's</c><00:17:00.560><c> a</c><00:17:00.800><c> bond</c> is in there, what
• There's a bond is in there, what isn't.
• There's a bond for<00:17:01.360><c> the</c><00:17:02.800><c> u</c><00:17:03.120><c> putting</c><00:17
• for maintenance and there's no bond for maintenance and there's<00:17:06.559><c> no</c><00:17:07.120

Committee: Senate Transportation

Keywords: 1191, senate, all

Transcript Highlights:

• Uh, next we have bond initiatives.
• Clerk will read the bond initiatives. >> Senate Bond Initiative Number One, Senator Beidle: Linthicum
• Um, get those bills and those bond initiatives in. We're going to have a busy week this week.
• Um get those get those bills<00:06:56.000><c> in</c><00:06:56.319><c> those</c><00:06:56.560><c> bond
• </c> bills in those bond initiatives in. bills in those bond initiatives in.

Keywords: Senate streaming session for Monday, January 19, 2026, 960, senate, all

Transcript Highlights:

• So a constitutional amendment was passed that allowed the land board to issue bonds to back loans to
• Um, well, I mentioned that we have bonds.
• So what we do is we, we issue bonds, and these are not general revenue bonds.
• We use proceeds to pay off the bonds.
• Everybody's, you know, there's just that instant bond and friendship.

Committee: House S/C on Defense & Veterans' Affairs

Transcript Highlights:

• bond multiple times.
• then a bond for phase three.
• bond multiple times.
• then a bond for phase three.
• then a bond for phase three.

Committee: House Municipal and County Government

Keywords: 1189, house, all

Transcript Highlights:

• , That security, either stocks, bonds, exchange-traded funds, any kind of securities.
• You paid for the stock or the bond or the treasury, but you no longer have primary ownership interest
• They still talk in terms of securities or tax and bonds like you own them.
• They still talk in terms of securities or tax and bonds like you own them.
• And so, and the wording in there is they no longer use stockholder or bond holder.

Committee: House Business

Keywords: 989, all