Transcript Highlights:

• settlement fund.
• for extraordinary litigation expenses, also from the consumer settlement fund.
• for extraordinary litigation expenses, also from the consumer settlement fund.
• So if we go back to 134, irrigation works and construction fund—how much is in that fund? Mr.
• Yes, and that's, there's not funding for that because there's funding else.

Bills: SB193, SB132, SB35, SB145

Keywords: SB193, acequia, community ditch, irrigation works construction fund, water infrastructure, ditch infrastructure, irrigation, New Mexico water law, agricultural water, farmers, Rio Grande, acequia association, forest land protection revolving fund, state fund transfer, irrigation projects, SB132, DOIT, Department of Information Technology, software replacement, equipment replacement

Transcript Highlights:

• of state funds.
• the fund every biennium?
• We have a rainy day fund, and it's inevitable that at some point we will need to use that fund.
• we can only be 10% of a fund.
• fund already without it.

Bills: HB 104, HB2054, HB3459, HB3745, HB4486, HB4488, HB4601, HB104

Keywords: Texas Future Fund, investment review board, economic stabilization, innovative technology, national defense, HB 2054, Texas volunteer fire department assistance fund, Rural Volunteer Fire Department Assistance Program, volunteer fire departments, wildfire mitigation, wildland fire, rural fire protection, insurer assessment, insurance premium tax, state appropriations, firefighting grants, emergency services, high-risk wildfire areas, Texas Comptroller, Texas Government Code

Transcript Highlights:

• Fund, once that fund is exhausted, it can now reach the appropriation contingency fund.
• And if that fund is exhausted...
• I like the idea of a fund.
• I mean, we need to fund this.
• fund.

Bills: HB2, SB193, SB132, SB35, SB145

Keywords: general appropriation, budget, Medicaid, education funding, public safety, SB193, acequia, community ditch, irrigation works construction fund, water infrastructure, ditch infrastructure, irrigation, New Mexico water law, agricultural water, farmers, Rio Grande, acequia association, forest land protection revolving fund, state fund transfer, irrigation projects

Transcript Highlights:

• the capital grant program, the ENT fund, another fund, or any other fund.
• ,<00:23:12.640> then dedicated school safety funding, then dedicated school safety funding
• funding that through the legislature. funding that through the legislature.
• <00:23:29.360> So, the annual dedicated funding. So, the annual dedicated funding.
• uh funding mechanism for that. uh funding mechanism for that.

Bills: HB187, HB341, HB4, HB175, HB326

Keywords: HB187, court fees, docket fee, sheriff's fund, sheriff's office, jail operations, law enforcement, county sheriff, court filing fees, Alabama Code 12-19-312, solicitor's fund, clerk's fund, forensic services trust fund, budget flexibility, public safety, municipal court, district court, circuit court, cosmetology, makeup application

Transcript Highlights:

• <00:10:14.200> must that distributions from the fund must that distributions from the fund
• education funding in perpetuity. education funding in perpetuity.
• similar to the Permanent School Fund. similar to the Permanent School Fund.
• actually distributed from the fund. actually distributed from the fund.
• overseas to fund a terrorist group. overseas to fund a terrorist group.

Bills: HF3900, HF1849

Keywords: permanent school fund, school endowment fund, Minnesota constitutional amendment, school aid, public school funding, State Board of Investment, investment income, distributable amount, school districts, property taxes, income taxes, voter approval, ballot question, constitutional amendment 2026, education finance, fund perpetuity, purchasing power, trust lands, swamp lands, internal improvement land fund

Transcript Highlights:

• And allowing fund managers to actively pursue outside funding.
• :18.080> funding.
• actively pursue outside funding. actively pursue outside funding.
• funding.
• reliance on state funding. reliance on state funding.

Bills: HB1618

Keywords: cesspool conversion, cesspool replacement, wastewater, sewer connection, sewerage systems, septic system, pollution control, water pollution control revolving fund, Hawaii Green Infrastructure Authority, HGIA, low-interest loans, forgivable loans, homeowner financing, environmental infrastructure, public health, wastewater treatment, low- and moderate-income households, revolving loan fund, Department of Health, memorandum of agreement

Summary: The committees held a joint hearing on HB 1618 HD1, which would create and fund a cesspool conversion revolving loan fund administered by the Hawaii Green Infrastructure Authority to help homeowners upgrade, convert, or connect cesspools. Testimony was overwhelmingly in support from state agencies and advocacy groups, with witnesses emphasizing that cost is the main barrier to cesspool conversion and that recent Kona flooding underscored the public health and pollution risks of cesspools. One testifier suggested the fund should actively pursue outside funding sources, and another urged an effective date that would allow counties to contribute sooner. A member raised concerns about whether loans would be affordable and whether other financing tools, such as tax credits, should also be considered; another member opposed the bill as not adequately addressing district-level sewer and septic issues. The committees ultimately recommended passage with amendments, including changing the effective date to July 1, 2050, and the motion was adopted. The joint Judiciary and Ways and Means committees then considered HB 2592 on the Mauna Kea Stewardship and Oversight Authority. The chair outlined amendments to clarify that the authority would assume property and liability associated with transferred assets, preserve existing liability rules, transfer conditional use permits if not already transferred, allow lease extensions before transfer, and set reversion triggers if the authority fails to adopt a management plan by June 30, 2028, or administrative rules by December 31, 2029. Members asked about preserving the public trust and whether the amendments would keep the Board of Land and Natural Resources’ role intact; the chair confirmed the fee and board role would remain unchanged. The committees voted to pass the bill with amendments, and the recommendation was adopted. The committees also took up HB 2033, making further amendments to clarify the definition of state, delay certain effective dates, allow rental and U-Drive lessors to avoid liability by identifying renters, delete one section, and add administrative hearing language and bus-camera clarifications. HB 1888 was amended to expand protections for educational workers to include sports officials, define sports official, make intentional bodily harm a felony with enhanced penalties for repeat offenses, and authorize the attorney general to assist with restraining orders. Both measures were recommended for passage with amendments and adopted. Later, several bills were moved with little or no discussion: HB 1515, HB 1713, HB 1718, HB 2022, and HB 2385 were recommended for passage unamended; HB 2375 was deferred; and HB 1741 was amended to reflect Honolulu’s concerns, narrow study requirements, add exemptions and a delayed implementation date, and was recommended for passage with amendments. The committees adopted the recommendations on these measures, with some members noting reservations or prior opposition on certain bills.

Keywords: KY LRC YouTube, https://www.youtube.com/watch?v=kD2JmqG4nH8, 2026-06-21T07:17:05+00:00, 2.2.24, Data collected via generic collector engine, Meeting Start – 00:00:00 Remarks about Dr. Frank O’Connor – 00:00:28 Introduction slides – 00:06:21 National and State Economic Outlook – 00:09:08 Return to Introduction Slides – 00:32:08 General Fund Revenue Forecast Slides – 01:04:30 Break – 02:03:45 Return to General Fund Revenue Forecast Slides – 02:13:28 General Fund Revenue Forecast Spreadsheet – 02:45:15 Road Fund Revenue Forecast Slides – 03:01:05 Road Fund Revenue Forecast Discussion – 03:18:57 Master Settlement Agreement Slides – 03:19:47, 958, all, 2.2.42, 2.1.47

Transcript Highlights:

• If you turn to the fourth page, you'll see the clean water fund, and the clean water fund is largely
• Fund.
• . fund.
• The DE1 amendment would shift funding to the Parks and Trails Fund, which presents a number of challenges
• It's tough for us to fund everybody.

Bills: HF2563

Keywords: HF2563, legacy finance bill, Legacy Amendment, outdoor heritage fund, clean water fund, parks and trails fund, arts and cultural heritage fund, Lessard-Sams Outdoor Heritage Council, Clean Water Council, Minnesota legacy funds, habitat conservation, prairie restoration, wetland restoration, forest conservation, riparian buffers, water quality, groundwater protection, drinking water, septic systems, watershed planning

Transcript Highlights:

• This is the Parks and Trails Fund.
• This is the Parks and Trails Fund.
• Uh in of those each of those funds.
• Fund.
• funding for can reconsider the funding for children's<00:35:32.960> museums<00:35:33.760>

Bills: HF2563

Keywords: HF2563, legacy finance bill, Legacy Amendment, outdoor heritage fund, clean water fund, parks and trails fund, arts and cultural heritage fund, Lessard-Sams Outdoor Heritage Council, Clean Water Council, Minnesota legacy funds, habitat conservation, prairie restoration, wetland restoration, forest conservation, riparian buffers, water quality, groundwater protection, drinking water, septic systems, watershed planning

Bills: HB1800, HB2095

Keywords: supplemental appropriations, state budget, Hawaii budget, biennial budget, capital improvement projects, CIP, general fund, special fund, green fee, special land and development fund, clean energy revolving loan fund, agricultural development revolving fund, community grants, nonprofit grants, Office of Community Services, housing, affordable housing, homelessness, health care, mental health

Bills: SB334

Keywords: SB334, Lauderdale County, Florence, Shoals Economic Development Fund, sales tax, use tax, local tax, economic development, county commission, municipal revenue, tax proceeds, special revenue fund, Colbert County, local legislation, Alabama Code 45-39-245.47, 923, senate, all

Transcript Highlights:

• It requires the state treasurer to create the fund and allows additional funding from grants, donations
• It just standardizes the language in the fund to make it conform to other funds in the statutes.
• allocations are made, to be deposited in the new fund.
• allocations are made, to be deposited in the new fund.
• The bill creates a fund.

Bills: SB143, SB367, SB388, SB398

Keywords: bulletproof vests, body armor, peace officers, law enforcement funding, police equipment, officer safety, local police, sheriff's office, municipal police, parish law enforcement, grant fund, special fund, Louisiana Commission on Law Enforcement, criminal justice, protective gear, NIJ standards, USMCA, small agencies, public safety, Act 739

Summary: The House Committee on Appropriations met on May 18, 2026, and considered four Senate bills. SB 143 would create a special protective equipment fund for bulletproof vests for peace officers, with the Louisiana Commission on Law Enforcement to regulate distribution; an amendment was adopted to standardize fund language, and the bill was reported favorably as amended. SB 367 would create the Watershed Restoration and Conservation Fund and direct remaining severance tax revenue from sand and stone mining into it; an amendment was adopted to align it with HB 802, and the bill was reported favorably as amended. Members discussed the bill as a way to support watershed and flood-related restoration efforts, including the Amite River Basin. SB 388 would authorize review of state contracts involving foreign adversary nations or terrorist organizations and remove a trigger clause from a prior law; members noted it carried no fiscal note and that the Division of Administration said the review could be done at no cost. The bill was reported favorably. SB 398 would reorganize manufactured housing regulation by moving oversight from the fire marshal’s office to the Contractors Board, consolidating residential housing oversight, moving licensees to Title 37, and increasing inspection rates statewide; an amendment was adopted to conform fund language, and the bill was reported favorably as amended. The committee then adjourned.

Transcript Highlights:

• But from our reading of the bill, under current law, this fund goes away.
• The Commerce Authority and this fund have a litany of issues going back decades.
• Beyond that, specifically with the Competes fund, we see it as essentially a slush fund to hand out grants
• We'd like to see the fund repealed, or at the very least, real statutory guardrails put in place, like
• This continues the fund, but with oversight from the legislature. If we don't do this, it elapses.

Bills: HB2746, HB2751, HB2752, HB2753

Keywords: trade offices, committee, Arizona commerce authority, stakeholder input, efficiency, Arizona competes fund, economic development, fund repeal, state finances, state appropriations, Arizona Commerce Authority, job creation, business incentives, commerce authority, public-private partnership, business regulation, Arizona governance, 1182, all

Summary: The Committee on International Trade heard a presentation from Alan Renteria of the Puerto Peñasco Chamber of Commerce, who promoted Rocky Point as a major tourism and investment destination for Arizonans. He highlighted tourism growth, cross-border ties, safety coordination, the importance of fishing and shrimp to the local economy, and potential commercial opportunities such as improved border infrastructure and a possible cargo or cruise port. Members responded with personal comments about travel, geology, medical volunteer work, and the city’s appeal, and Renteria said he wanted to serve as a liaison to improve communication between Arizona offices and Puerto Peñasco. The committee then considered three bills related to the Arizona Commerce Authority (ACA). HB 2751 would continue the Arizona Competes fund indefinitely and subject use of the fund to legislative appropriations; HB 2752 would shift oversight of trade offices from the ACA board to legislative appropriation and require annual reporting to JLBC; and HB 2753 would add legislative ex-officio members to the ACA board, including committee chairs and, under an amendment, minority party ranking members. Supporters argued the bills would give the legislature more oversight and a seat at the table, while Greg Blackie of the Arizona Free Enterprise Club opposed HB 2751, calling for repeal or stronger guardrails and citing past audit concerns. All three bills advanced on due pass recommendations. HB 2751 passed 7-1 with one member present and one absent; HB 2752 passed 9-0 with one absent; and HB 2753 passed 9-0 after the Austin amendment was adopted, adding minority party representation. The committee also removed HB 2746 from the agenda before taking up the ACA measures.

Transcript Highlights:

• Training Fund.
• Fund.
• Fund.
• fund.
• fund.

Bills: HB2063, HB2271, HB2416, HB2478, HB2593, HB2692, HB2813, HB2992, HB2993, HB4044

Keywords: corrections oversight, appropriation, independent office, public safety, funding, firefighters, insurance rates, workers' compensation, firefighter cancer reimbursement, rate deviations, cost analysis, premiums, border security, drug trafficking, human smuggling, law enforcement funding, Arizona, immigration, education reform, K-12

Summary: The committee heard several appropriations and policy bills, with testimony often focused on public safety, education, and procurement. HB 263 would appropriate $1.5 million in FY2027 to the Independent Correctional Oversight Office; the sponsor and supportive testimony argued the office is needed to address serious problems in the corrections system, and the bill received a due pass recommendation, 17-1. HB 2993, as amended, would allow DPS to spend on legal services independent of the Attorney General and redirect $5 million from the Consumer Protection/Consumer Fraud Revolving Fund to the Gang and Immigration Intelligence Team Enforcement Mission Fund; the Speaker framed it as supporting law enforcement and public safety, and it passed 17-0. HB 2271 dealt with firefighter cancer coverage and insurance rates. The bill would allow an insurer covering firefighters and fire investigators to file a uniform rate deviation only if it is not reimbursed by the municipal firefighter cancer reimbursement fund. Testimony described the measure as a temporary shell pending a broader consensus agreement to bring fire districts into the reimbursement system; members stressed that firefighters should not see changes in claim handling, but several said the bill still needed work. It received a due pass recommendation on a 16-1-1 vote. HB 2416 would appropriate $20 million to DPS for local border support, including law enforcement positions, prosecution and detention costs, and equipment; sheriffs and the Arizona Sheriffs Association supported it as a continuation of existing funding for drug interdiction and border-related crime, and it passed 11-6-1. The committee also advanced HB 2692, which revises public construction procurement rules and authorizes progressive design-build and one-step competition for certain federally funded projects. Construction and procurement stakeholders said the bill was the product of a long consensus process, while some members worried about taxpayer impacts and the move away from standard procurement; it passed 10-7-1. HB 2478, as amended, creates the Arizona Commission on Student Outcomes to study K-12 accountability, standards, graduation requirements, early childhood education, and a trade pathways diploma, funded by Classroom Site Fund dollars; members debated whether the work should instead be done by ADE or the State Board, and the bill passed 11-7. The committee also heard HB 4044, which would create a Public Safety Parity Fund to support DPS and corrections salaries using investment earnings from the Budget Stabilization Fund and proceeds from forfeited digital assets; the sponsor and a troopers association witness argued it would provide a stable long-term funding source to address chronic vacancies and pay gaps.

Transcript Highlights:

• Everybody looked at the funding sheet questions on the funding sheets.
• OSF is other state funds.
• The general fund.
• contingency fund.
• day fund, yes.

Bills: SB190, HB247, HB8

Keywords: cancer treatment, revenue bonds, Gila Regional Medical Center, Nor-Lea General Hospital, healthcare funding, capital outlay, capital projects, appropriations, reversion, encumbrance, reauthorization, reappropriation, general fund, capital development and reserve fund, tribal infrastructure project fund, Department of Finance and Administration, DFA, state board of finance, severance tax bonds, tax-exempt bonds

Transcript Highlights:

• And specifically for any of those projects that were funded with severance tax bonds, Specifically, for
• any of those projects that were funded with severance tax bonds, the Board of Finance wanted to ensure
• And reappropriating those funds, the legislature would still have to make a decision to do that.
• The legislative decision would be to reappropriate those funds.
• And essentially, on the administrative side, the executive did not have authority to freeze those funds

Bills: SB190, HB247, HB8

Keywords: cancer treatment, revenue bonds, Gila Regional Medical Center, Nor-Lea General Hospital, healthcare funding, capital outlay, capital projects, appropriations, reversion, encumbrance, reauthorization, reappropriation, general fund, capital development and reserve fund, tribal infrastructure project fund, Department of Finance and Administration, DFA, state board of finance, severance tax bonds, tax-exempt bonds

Transcript Highlights:

• And that becomes the issue of who's not going to get funded if we fund this? Mr.
• The Public Service Commission request relates to having the commission access funds to support litigation
• fund.
• fund.
• This is the funding that would be available, gap funding.

Bills: HB1623

Keywords: HB 1623, North Dakota, rural health, rural health transformation program, medical facility infrastructure loan fund, medical facility infrastructure loan program, rural health loan program, Bank of North Dakota, Department of Health and Human Services, HHS, federal grant, health care infrastructure, rural hospitals, critical access hospitals, nonprofit health care providers, gap financing, loan fund, public health funding, healthcare financing, Medicaid

Summary: The committee first heard House Bill 1624, the “Universal Lunch Bill,” from Rep. Mike Nathie. He argued the proposal should be placed in Century Code rather than the Constitution so future legislatures can adjust it if state finances tighten, and said the bill would start the program a year earlier with a $65 million appropriation for one school year. DPI testified that the estimate did not include nonpublic schools that do not participate, and members questioned the impact on Title I, free-and-reduced applications, private-school accountability, breakfast mandates for schools that do not currently serve breakfast, and whether the funding could come from the DPI budget or other sources. Supporters, including North Dakota United, the North Dakota Catholic Conference, a pediatrician, and the American Heart Association, said universal meals improve student health and learning, reduce family costs, and are better handled in statute than by constitutional amendment. No opposition testimony was offered, and the chair closed the hearing for later work-session action. The committee then took up House Bill 1627, introduced by Rep. Tye Dressler, which would raise the income threshold for the state-funded school lunch program from 225% to 300% of poverty, with an estimated cost of about $7 million for 2026-27. Dressler said the bill is intended as a targeted, budget-friendly alternative to the ballot measure and emphasized that the state should maximize federal meal dollars while improving participation in the current program. Members questioned whether raising the threshold would actually increase utilization, whether a dollar amount would be clearer than a percentage, and how the change would affect federal reimbursements and application rates. DPI said it could quickly calculate additional percentage levels, and the chair closed the hearing, directing DPI to prepare more numbers for the work session. Finally, the committee opened Senate Bill 2403, presented by Sen. Schiable, to create a short-term bridge-loan program for financially distressed hospitals, centered on Jacobson Memorial Hospital in Elgin. The bill would authorize up to $5 million per loan, with a $10 million appropriation available on a first-come, first-served basis, and would run only through June 30, 2027. Schiable said the hospital’s debt and operating problems threaten local health care, ambulance service, and the community’s economy, and that the proposal was designed narrowly with Bank of North Dakota review to avoid creating a broad precedent. Committee members asked whether the appropriation could be reduced and whether the bank would still apply commercial feasibility and repayment standards; Schiable said yes, the bank would still evaluate the loan and could reject it if it was not sound.

Transcript Highlights:

• matching funds.
• matching funds.
• And those are key to funding.
• And we funded it. We had to plan for a billion dollars of funding, $200 million a year.
• Grant funds.

Bills: HB1623

Keywords: HB 1623, North Dakota, rural health, rural health transformation program, medical facility infrastructure loan fund, medical facility infrastructure loan program, rural health loan program, Bank of North Dakota, Department of Health and Human Services, HHS, federal grant, health care infrastructure, rural hospitals, critical access hospitals, nonprofit health care providers, gap financing, loan fund, public health funding, healthcare financing, Medicaid

Summary: The committee heard House Bill 1623, the appropriations bill tied to North Dakota’s Rural Health Transformation Program, which is funded through a new federal rural health care grant. Senator Bekkedahl explained the bill’s background, the interim committee process that developed it, and the federal conditions attached to the award, including spending deadlines, administrative cost limits, and restrictions on uses such as new construction, supplanting existing funding, and certain other costs. Legislative staff then walked through the seven sections of the bill, including appropriation authority, transfer authority, contingent appropriations for pass-through grants, procurement and public improvement exemptions, recipient reporting, legislative reporting, and immediate effective date. Commissioner Traynor and HHS staff described how the department plans to implement the program, emphasizing that the funding is intended to improve rural access, workforce recruitment and retention, technology and data connectivity, and community health initiatives. They said the department will rely on local applications, technical assistance, templates, listening sessions, and partnerships with providers, schools, public health units, tribal entities, and other community groups. Members asked about reimbursement timing, upfront costs, administrative expenses, sustainability after the five-year grant period, and whether CTE centers, public health units, gyms, grocery stores, and other community partners could participate; the department said yes, within program rules and with a focus on measurable outcomes and sustainability. Several supporters testified in favor. Mental Health America of North Dakota and the Mental Health Advocacy Network supported the bill and urged investment in community-based mental health, crisis response, children’s services, peer support, and mobile crisis teams. HIA Health described the grant as a chance to expand home-based and hospice care, noting that rural providers already have workable models but need funding to scale them. A cybersecurity representative also supported the bill, warning that the large amount of health data and AI-related tools will require strong data protection and professional support. The hearing was closed with no opposition testimony, and the committee announced it would return later in the day for further work on the bill and other measures.

Transcript Highlights:

• funds versus committed funds.
• account and appropriates funds. account and appropriates funds.
• and there so no additional funding. and there so no additional funding.
• :51.280> funding, of the funding, of the funding, >> right?
• requesting new funding. requesting new funding. >> That's<00:42:54.160> right.

Bills: SB2060, SB2063, SB2062, SB2069, SB2070

Keywords: rental housing revolving fund, HHFDC, Hawaii Housing Finance and Development Corporation, mixed-income housing, mixed-income rental project, affordable housing, low-income housing, housing finance, housing development, preservation, rehabilitation, pre-development, construction financing, equity investment, credit enhancement, collateral, gap financing, area median income, AMI, perpetual affordability

Summary: The committee heard five housing measures, with the chair announcing that SB 2060, SB 2063, SB 2062, and SB 2069 were works in progress and that decision-making would be deferred to February 3. SB 2060 would allow HHFDC, with Finance approval, to transfer money within the rental housing revolving fund and its subaccounts without further legislative authorization, including a transfer to the mixed-income subaccount for FY 2026-2027. HHFDC and other supporters said the change would give the agency more flexibility to move projects forward, while Catholic Charities Hawaii and a testifier from Roars and Cares supported the bill but warned that shifting money away from lower-income housing could weaken efforts to serve households under 80% of area median income and people at risk of homelessness. HHFDC said the fund’s uncommitted balance was about $100 million and that demand exceeded available resources. SB 2063 would revise the mixed-income subaccount by changing project priorities, adding new criteria, allowing transfers within the subaccount without legislative approval, and directing conveyance tax revenues into the subaccount. HHFDC, OPSD, LURF, Hawaii Appleseed, Housing Hawaii’s Future, Stanford Carr Development, and Roars and Cares supported the measure, while Catholic Charities urged the committee to keep rental and for-sale housing policy separate and to use other mechanisms for homeownership. Catholic Charities said the rental housing revolving fund should remain focused on rentals, and that for-sale initiatives should be addressed separately. The chair indicated an intent to defer the bill for further edits. SB 2062 would make the dwelling unit revolving fund equity pilot a permanent HHFDC program, allowing the agency to buy equity in for-sale developments to lower initial purchase prices and require repayment through shared appreciation. HHFDC said the pilot had been successful, with 83 units committed and $7.6 million of the $10 million program cap already committed, and said permanence would let the agency pair the program with DERF loans earlier in project financing. The chair said SB 2069 would be used as the vehicle for amendments to the DERF equity program and related changes. SB 2069 would authorize HHFDC to use existing dwelling unit revolving fund balances for the equity pilot; it drew support from HHFDC and several housing organizations. SB 2070 would create a permanently affordable for-sale housing program by replacing the current 10-year buyback restriction with a resale price cap tied to an appreciation index, which HHFDC said would preserve affordability while allowing owners to build equity. In questioning, senators pressed HHFDC on whether the bill was necessary, whether it would remove first-time homebuyer and other ownership restrictions, and whether the new program was truly “permanently affordable” if not tied to AMI. HHFDC said the current statutory restrictions limit flexibility, that the proposal would expand access to local residents, and that the price cap would be based on about 4.5% annual appreciation. Supporters said the approach would help buyers move up the housing ladder, while some senators expressed concern that it could open the program to owners of multiple properties and that the committee should see sales-velocity data on existing restricted units before proceeding.

Transcript Highlights:

• talking about sources and uses of funds. talking about sources and uses of funds.
• funds including funds that uh sources of funds including funds that you<00:06:20.400> give<00
• application for those funds. application for those funds.
• It's not the dollars of your funds. It's the taxpayers' funds.
• funding. We're we're fresh out of money. funding. We're we're fresh out of money.

Bills: SF2434

Keywords: housing, development fund, affordable housing, Minnesota Housing Finance Agency, expenditure provisions