Transcript Highlights:

• refined fuels in California come from California, but we still depend on 10% to 20% of imports on refined
• Would it be—it doesn't seem like it would be importing already refined gasoline.
• We refine the cleanest products in the world.
• Some of it's even refined in California.
• So my questions for you is, what is our state's refining capacity today?

Summary: The joint informational hearing focused on California’s transportation fuels sector, especially the risk of refinery closures, fuel supply stability, and how the state should manage a long transition to cleaner transportation. Committee chairs and agency leaders said California’s fuel market is becoming more fragile as demand declines, refinery capacity shrinks faster than demand, and the state relies more on imports and a smaller number of critical pipelines. Professor Emily Grubert framed the issue as a managed transition problem in which the public already bears much of the risk and should also capture benefits from any state intervention. CARB Chair Leanne Randolph reviewed California’s climate and air-quality framework, including AB 32, the low-carbon fuel standard, clean vehicle rules, and the state’s at-berth regulation for port vessels. She said these programs are intended to reduce fossil fuel demand while protecting public health, and she noted that California remains in litigation over federal attempts to block some waivers. CEC Vice Chair Sivagunda described the administration’s market-stabilization work, saying the state is trying to preserve fuel supply and investor confidence during a “mid-transition” period. He said the CEC’s recommendations fall into three broad areas: stabilizing the existing fuel system, aligning regulatory tools such as a possible pause on the CEC’s margin cap, and planning for worker and community impacts. Department of Conservation Director Jennifer Lucasey outlined the administration’s petroleum market stabilization proposal, centered on returning California crude production to a 125 million-barrel annual stabilization target to support pipeline throughput and domestic supply. The proposal would codify the ban on hydraulic fracturing, validate Kern County’s oil and gas permitting ordinance, create a temporary CEQA exemption for new wells in existing fields paired with a two-for-one plug-and-abandon requirement, and strengthen spill prevention and pipeline safety rules. Several members questioned the CEQA exemption, tribal consultation, environmental review, and whether the proposal would adequately protect communities and workers. Mayor Steve Young of Benicia testified that a Valero refinery closure would sharply reduce city revenue and jobs, while also creating redevelopment and remediation challenges; he said the city wants a cleaner future but needs time and support to manage the economic loss. No formal vote was taken at the hearing, though CEC officials said a vote on a margin-cap pause was expected at an upcoming business meeting.

Transcript Highlights:

• CURRENTLY THE PROJECT IS IN PHASE NUMBER TWO METHODOLOGY REFINEMENT.
• GROUPS OF CARE WERE REFINED.
• THE FIRST REFINEMENT FOR ONE MEETS THE REQUIREMENTS IN SENATE BILL 2502 BUT MOST IMPORTANTLY THE REFINEMENT
• WHAT WE DID IS IN THE REFINED MODEL IT WILL KEEP THE GROUPS OF CARE.
• THESE ADJUSTMENTS ARE APPLIED IN THE PREVIOUS MODEL AND WILL CONTINUE TO BE REFINED.

Transcript Highlights:

• Refined crude and gasoline to meet the demand of California drivers.
• We've lost 20% of our refining capacity in just the past couple of months.
• We've already lost 20% of our refining capacity.
• Because right now, the message to the last refiner...
• And so I would just urge the refiners: I get this.

Committee: Senate Environmental Quality

Transcript Highlights:

• Refined crude and gasoline to meet the demand of California drivers.
• We've lost 20% of our refining capacity in just the past couple of months.
• We've already lost 20% of our refining capacity.
• All these refining shutdowns. Is that effectively, am I understanding the contours?
• So I would just urge the refiners: I get this.

Summary: The committee heard several bills focused on environmental quality, climate planning, transparency, water affordability, plastics, recycling, and refinery transition planning. SB 1087, by Senator Cabaldon, would modernize SB 375 regional climate and transportation planning by extending planning cycles, clarifying target-setting and review processes, and reducing time and cost burdens; metropolitan planning organizations strongly supported it, while environmental groups and industry raised concerns about VMT, GHG metrics, CEQA, and implementation details. Committee members generally agreed the process is too costly and complex, but urged the author to keep the bill focused on simpler, less expensive planning and better progress reporting. The bill was moved as amended to Senate Transportation and kept on call. SB 1239, by Senator Jones, would require CARB to update its standardized regulatory impact assessment when a major regulation is materially changed; supporters framed it as a transparency and affordability measure, while the chair argued it could slow rulemaking and discourage agencies from incorporating public feedback. The bill failed on the committee vote and was kept on call. SB 1125, by Senator Menjivar, would create a statewide low-income water rate assistance program, contingent on funding, to help households facing rising water bills; public water agencies, environmental justice groups, local governments, and community members from rural areas testified in support, emphasizing affordability and the lack of statewide assistance. The chair and members expressed support for the need for such a program, and the bill passed 3-1 and was kept on call. SB 1180, by Senator Allen, would establish implementation rules for the plastic pollution mitigation fund created by SB 54, including eligibility, reporting, transparency, and technical assistance for smaller organizations and tribes; environmental justice, conservation, and local government groups supported it, while producer and industry groups opposed unless amended, seeking tighter links to measurable mitigation outcomes and the covered products under SB 54. The bill passed 3-0 and was kept on call. SB 1161, by Senator Valadares, would require CARB to provide clearer, plain-language economic analysis of regulations and their impacts on households; supporters described it as a transparency and affordability measure, while some environmental groups offered respectful or qualified opposition. The chair said she could support it as amended, and the bill passed 4-0 and was kept on call. The committee also heard SB 955, by Senator Blakespear, to update California’s beverage container recycling program so major sellers participate and consumers have convenient return options; supporters said it would improve redemption access and program effectiveness, and the bill passed 5-0 and was kept on call. Finally, SB 1259, also by Senator Blakespear, would require refineries to provide earlier disclosure of cleanup liabilities and closure planning information so the state and communities can plan for refinery site remediation and reuse; the author framed it as a transparency and transition-planning measure, and testimony began in support as the transcript ended.

Transcript Highlights:

• In terms of refined product, you're also correct.
• In terms of refined product, you're also correct.
• Normal refining margins are 50 or 70 cents.
• higher refining margin.
• I respect the relationships you have with refiners.

Committee: Senate Rules

Transcript Highlights:

• Demand has not disappeared, but refining capacity has.
• Demand has not disappeared, but refining capacity has.
• Refiners, oil and gas, submit. to industrial feedback we heard from across the sector, refiners, oil
• of the refined product here.
• Since the inception of cap-and-trade, refiners have received over $6 billion.

Transcript Highlights:

• This isn't about creating redundant busy work for refiners.
• In the city of Hercules, the Pacific Refining Company closed a refinery in 1995.
• However, currently, refiners choose to do so only after they declare their intent to retire.
• We've learned better practices from the refiners and how to make a cleaner, safer fuel.
• You just lost 20% of refining capacity this past year.

Summary: The Assembly Committee on Utilities and Energy heard SB 1259, which would require refineries to provide advance closure and remediation planning information, and SB 1425, which would authorize the High-Speed Rail Authority to create a permit process for encroachments in its right of way. The committee also held an informational hearing on California electricity reliability and the future of the Strategic Reliability Reserve. The chair opened by noting the hearing room change, testimony limits, and that the committee would proceed without a quorum at first, then later established quorum for votes. On SB 1259, Senator Blake Spear argued the bill would give communities and state agencies needed information to plan for refinery closures, cleanup, and land reuse, comparing the requirement to estate planning. Supporters, including Benicia City Councilmember Carrie Birdseye and UC Santa Barbara professor Ranjit Schmook, said the bill would help communities facing refinery closures avoid being left without information and better prepare for redevelopment and remediation. Opponents, including the Western States Petroleum Association, the State Building and Construction Trades Council, and business groups, argued the bill could send negative market signals, create conflicts with federal reporting, and potentially accelerate refinery closures. The committee passed SB 1259 on a 7-3 vote, later reopening the roll and recording additional votes before moving it out as amended to Appropriations. On SB 1425, Senator Cortese and sponsor Robert Pearsall said the bill would help the High-Speed Rail Authority manage utility, broadband, drainage, and vegetation encroachments along the project corridor and reduce delays. Labor and construction groups supported the measure as a way to add certainty and speed project delivery. Utilities and local agencies, including LADWP, Southern California Gas, Southern California Edison, PG&E, and others, opposed unless amended, saying the bill needed clearer language on emergencies, existing agreements, and potential impacts on their own rights of way and service obligations. After discussion about emergency language and utility coordination, the committee passed SB 1425 as amended to Appropriations on a 10-3 vote. In the oversight hearing, CEC, CPUC, CAISO, and DWR officials reported that California’s summer reliability outlook is better than in prior years, with substantial new procurement, storage, and demand-response resources added since 2020. They said the state is projected to meet its summer reliability standard and has not needed a flex alert for three straight years, but cautioned that extreme heat, fire, hydro conditions, and federal policy uncertainty still pose risks. Officials emphasized that the current Strategic Reliability Reserve remains important as a backstop, while longer-term planning must address rising demand from electrification and data centers and the eventual retirement of emergency resources.

Transcript Highlights:

• This isn't about creating redundant busy work for refiners.
• In the city of Hercules, the Pacific Refining Company closed a refinery in 1995.
• We've learned better practices from the refiners and how to make a cleaner, safer fuel.
• You just lost 20% of refining capacity this past year.
• Bringing in large ships of refined product.

Committee: House Utilities and Energy

Transcript Highlights:

• Refined crude and gasoline to meet the demand of California drivers.
• We've lost 20% of our refining capacity in just the past couple of months.
• We've already lost 20% of our refining capacity.
• All these refining shutdowns. Is that effectively, am I understanding the contours?
• And so I would just urge the refiners: I get this.

Committee: Senate Environmental Quality

Summary: The committee heard several bills focused on environmental, climate, transparency, water affordability, recycling, and refinery transition issues. SB 1087 would modernize SB 375 regional climate and transportation planning by extending planning cycles, clarifying target-setting and review processes, and reducing time spent on modeling and CEQA-related work; it drew strong support from MPOs and environmental groups with some opposition from clean air, housing, and industry advocates concerned about VMT, housing impacts, and agency authority. SB 1239 would require CARB to update its standardized regulatory impact assessment when major regulations are materially changed; manufacturers and business groups supported the transparency measure, while the chair opposed it as adding delay and inefficiency to rulemaking. SB 1125 would create the framework for a statewide low-income water rate assistance program; it received broad support from utilities, environmental justice groups, local governments, and community members, and the committee advanced it on a 3-1 vote. SB 1180 would set rules for spending from the plastic pollution mitigation fund created by SB 54, with broad support from environmental justice and conservation groups and opposed-unless-amended positions from industry groups seeking tighter limits and more oversight; it advanced on a 3-0 vote. SB 1161 would require CARB to present household-level cost impacts of regulations in plain language, and it advanced on a 4-0 vote despite late opposition from environmental groups. SB 955, updating beverage container recycling and redemption requirements, passed 5-0, and SB 1259, requiring refineries to disclose cleanup liabilities and decommissioning information to aid long-term planning, drew strong support from environmental and local government witnesses but firm opposition from petroleum, labor, and business groups; the committee began discussion but the transcript cuts off before a final vote on that bill.

Transcript Highlights:

• But we know that refiners can make these estimates and the communities want to know them.
• So we have to encourage our refiners to stay. Encourage our refiners to stay.
• It costs a lot of money to each of these refiners.
• So for us on the refining sector, we have seen a contraction, consolidation...
• So for us on the refining sector, we have seen a contraction, consolidation... ...refining sector, we

Summary: The Assembly Environmental Safety and Toxic Materials Committee heard three main bills after initially lacking a quorum and deferring the consent calendar. SB 501 by Senator Allen would expand California’s battery extended producer responsibility program to include medium-format batteries, such as those used in e-bikes, lawn equipment, and portable power systems. Supporters from local governments, recycling groups, environmental organizations, and battery stewardship interests said the bill would reduce fire risks, improve collection and recycling, and close a gap in existing law. One industry witness sought clarification about off-highway vehicles and a battery association requested guardrails for mixed battery formats; the California Retailers Association moved from opposition to neutral after discussions with the author. SB 1125 by Senator Menjivar would create a statewide, state-funded low-income drinking water rate assistance program administered by the State Water Resources Control Board, contingent on funding. The author and supporters said many Californians face water debt and that the bill would help address affordability while working around Proposition 218 limits on local ratepayer-funded assistance. Water districts, local governments, environmental justice groups, and conservation organizations testified in support, and there was no opposition. SB 1259 by Senator Blakespear, as amended, would require refineries to provide advance information on closure, cleanup costs, and timelines to help communities plan for refinery transitions and remediation. Supporters, including the City of Benicia, environmental justice groups, and advocacy organizations, argued that communities need transparency before closures occur and that other energy sectors already provide similar planning information. Opponents from labor, petroleum, and business groups argued the bill was unnecessary, burdensome, and could discourage refinery investment or signal premature decline of the industry. After extensive debate, the committee voted to pass SB 1259 as amended to the Assembly Utilities and Energy Committee, and also approved SB 501 and SB 1125; the consent calendar items SB 1253 and SJR 13 were adopted.

Transcript Highlights:

• In terms of refined product, you're also correct.
• There's nothing normal about refining margins that are a dollar.
• Normal refining margins are 50 or 70 cents.
• higher refining margin.
• I respect the relationships you have with refiners.

Summary: The Senate Committee on Rules first handled several routine actions, including approving three governor’s appointments not required to appear: Anthony Surich as Executive Director of the California Housing Finance Agency, Craig Snelling J.D. to the Workers’ Compensation Appeals Board, and Nicholas Mueller to the Off-Highway Motor Vehicle Recreation Commission. The committee also approved referral of bills to committees, all by 4-0 votes. It then took up appointments requiring testimony, beginning with Jereen DiAdamo to the State Water Resources Control Board. DiAdamo focused her remarks on safe drinking water, groundwater sustainability, conservation, and Bay-Delta restoration. She said the number of Californians without safe drinking water has fallen from 1.6 million to 800,000 since 2019, credited the SAFER program, technical assistance, and mandatory consolidation authority, and described ongoing work on failing and at-risk systems, domestic well mitigation, SGMA implementation, and the Bay-Delta Plan. Senators pressed her on audit follow-up, measurable goals for reducing the remaining unsafe systems, funding uncertainty, and concerns from environmental and tribal groups that the board has favored water users over ecosystem protections. Supporters from water, agriculture, business, and local agencies praised her collaborative style and consensus-building, while opponents argued she had not done enough to protect the Delta and called for new leadership. The committee ultimately voted 4-0 to advance her appointment to the full Senate. The committee then heard from Sivagunda Gunda for reappointment to the California Energy Commission. He highlighted progress on grid reliability, zero-carbon generation, and planning for California’s energy transition, including transportation fuels, building electrification, and the eventual retirement of Diablo Canyon. Senators questioned him about the future of Kern Energy and small refineries, the state’s transportation fuels plan, fuel imports and costs, and whether California can retire Diablo Canyon by 2030 without harming reliability. Gunda said the state is planning as if Diablo Canyon retires in 2030, that current resource additions make reliability manageable, and that affordability and market coordination remain key issues. The committee then voted 4-0 to advance his appointment to the full Senate, and the hearing recessed afterward.

Transcript Highlights:

• If future rate reductions occur, we will be able to refinance to get lower rates.
• , bring those loans in, those bonds in, and refinance them.
• , bring those loans in, those bonds in, and refinance them.
• The TIFIA program has a tremendous advantage that you can refinance bringing the loan at any point in
• So by giving us that 75 years, Can refinance, bringing the loan at any point in time.

Bills: SB6148

Committee: House Transportation

Keywords: regional transit authority, RTA, transit bonds, general obligation bonds, revenue bonds, bond maturity, debt limit, 25-year cap, regional mobility grant program, public transit financing, transportation funding, Washington RCW, bond issuance, municipal finance, infrastructure finance

Transcript Highlights:

• But we know that refiners can make these estimates and the communities want to know them.
• So we have to encourage our refiners to stay. I think this sends a wrong message.
• So we have to encourage our refiners to stay. encourage our refiners to stay.
• It costs a lot of money to each of these refiners.
• So for us on the refining sector, we have seen a contraction, consolidation, refining sector, we have

Committee: House Environmental Safety and Toxic Materials

Transcript Highlights:

• Approximately $6.94 million would be new money for capital projects, and $470,000 will refinance the
• the 2010A bonds and not exceeding $31.5 million to refinance 2016A bonds.
• the 2010A bonds and not exceeding $31.5 million to refinance 2016A bonds.
• The bonds will refinance loans and reimburse Crescent City Schools Foundation, Inc. for expenditures
• The bonds will refinance loans and reimburse Crescent City Schools Foundation, Inc. for expenditures

Summary: The State Bond Commission met on May 21 with a quorum present and approved the April 16 minutes. The commission then reviewed and approved a large slate of local government and public authority financing requests, including election propositions for the November ballot, water and sewer infrastructure projects, fire protection and recreation district bonds, school board financing, and several refunding transactions. Most items were found to meet technical requirements and were approved on motions by Speaker DeVillier and seconded by Senator Talbot. Among the more notable items were the East Baton Rouge City-Parish refunding bonds for the Greater Baton Rouge Airport District, the City of Kenner’s retroactive approval request tied to a convention center agreement with GMB Basketball LLC, a Louisiana Housing Corporation financing increase for the Federal City Building 10 affordable housing project, and preliminary approval for the Northwest Louisiana Finance Authority’s Petro Tower redevelopment in Shreveport. The commission also approved financing for Southern University’s Scott’s Bluff student housing project and the Crescent City Schools/Harriet Tubman Charter School project. The Crescent City Schools item prompted questions about how MFP funds are used; staff explained that lease payments would support the bonds and that MFP funds are generally split between educational expenses and facilities-related costs. The commission received six monthly cost-of-issuance reports, which required no action, and a status update on the state debt schedule. It also approved Resolution No. 2 authorizing up to $425 million in general obligation refunding bonds to refund the Series 2016 bonds and tender other outstanding bonds for savings, with pricing tentatively set for June 16 and closing for June 30. During other business, New Orleans City Council President J.P. Morel thanked the commission for its role in helping address the city’s fiscal crisis and for approving a charter amendment election item aimed at strengthening budget oversight. The meeting adjourned after no further business.

Transcript Highlights:

• So we'll continue to refine those things. Next slide.
• So we are trying to refine days of work.
• </c><01:09:43.120><c> We're</c> continuing to refine the work. We're continuing to refine the work.
• 53.280><c> in</c><01:15:53.440><c> that</c> we're refining the analytics in that we're refining the analytics
• </c><01:34:50.080><c> the</c> continued to fix it as you refined the continued to fix it as you refined

Bills: HF3378

Committee: House Human Services Finance and Policy

Keywords: human services, Optum reports, data privacy, transparency, legislative oversight

Transcript Highlights:

• I get that that's uncomfortable to bring potentially refined gasoline in from Texas or refiners in Arizona
• "That's not to our standard, not refined under California environmental laws or labor laws.
• Would California refiners be able to produce non-CARBOB fuels?
• California refiners be able to produce non-CARBOB fuels.
• I would love to see our refining sector favor domestic producers more.

Committee: House Utilities and Energy

Transcript Highlights:

• But we have to refine it.
• But we have to refine it.
• Refine it. Fix it. Make it better.
• Let us refine these great pieces that the legislature brought to us.
• Let us refine it and fix it and make it work.

Summary: The meeting was the third public session of the Special Commission on Correctional Consolidation and Collaboration. Members introduced themselves, and the commission approved the prior meeting minutes. The main presentation came from the Massachusetts Sheriffs’ Association, led by several sheriffs, who described the role of sheriffs’ offices as independently elected county institutions that operate jails and houses of correction, regional lockups, civil process, 911 communications in some counties, school resource officers, and investigative units. They emphasized that most of their population is pretrial, that admissions and releases are far higher than the Department of Correction’s, and that their facilities now house more people overall than DOC despite having a smaller budget. The sheriffs argued that their work has shifted toward rehabilitation, reentry, and public health, highlighting extensive programming in mental health, substance use treatment, medication-assisted treatment, education, vocational training, and gender-specific, trauma-informed services. They said standardized risk/needs assessments and better funding would help make services more consistent across counties. They also described specialized units and models such as regional evaluation and stabilization units, older-adult housing, emerging adult and gang-intervention programs, and reentry centers that connect people to housing, employment, family support, and community services. Several examples were cited, including Suffolk’s Project Evolve, Middlesex’s older-adult unit, Hampden’s MAGIC program, Worcester’s STOP program, and county reentry centers across the state. A major theme was that these programs are expensive but, in the sheriffs’ view, reduce recidivism and improve safety by stabilizing people before release and supporting them afterward. They pointed to COVID-19 as a period when sheriffs adapted facilities for quarantine and medical care, and said they continue to work with public health partners. They also stressed that their facilities are heavily audited by state and federal agencies and that maintaining humane, safe conditions requires significant staffing and operating costs. Commission members responded favorably at points, noting the importance of the turnover in sheriff populations and the need to understand the different correctional mission compared with DOC. The meeting ended with discussion of future commission dates and a note that the presentation materials would be shared electronically.

Transcript Highlights:

• whether there will be a surplus or a deficit, and then the February forecast is really nice because it refines
• So the February forecast, like I said, we think of it as the refining forecast.
• think of<00:02:48.480><c> it</c><00:02:48.640><c> as</c><00:02:48.800><c> the</c><00:02:48.959><c> refining
• </c><00:02:50.560><c> Um,</c><00:02:50.879><c> and</c> of it as the refining forecast.
• Um, and of it as the refining forecast.

Transcript Highlights:

• So if we shut down refinement, And California becomes increasingly dependent on foreign imports.
• Demand has not disappeared, but refining capacity has.
• the refined product here.
• Since the inception of cap-and-trade, refiners have received over $6 billion.
• The state's biggest emission reduction program would go beyond letting refiners off the hook.

Summary: The joint hearing focused on CARB’s proposed April amendments to California’s cap-and-invest regulations, adopted under AB 1207 and SB 840. Committee members repeatedly framed the issue as a balance between climate ambition, affordability, leakage prevention, and the Legislature’s budget priorities. Several senators argued the proposal would weaken the Greenhouse Gas Reduction Fund (GGRF), reduce funding for transit, affordable housing, drinking water, wildfire prevention, and other programs, and potentially undermine the Legislature’s intent in last year’s reauthorization. Others emphasized that the program’s core purpose is to reduce greenhouse gas emissions and that any changes should preserve the cap’s integrity and the state’s climate targets. CARB Chair Lauren Sanchez said the amendments were designed to implement legislative direction while responding to public comment and economic uncertainty. She described four main changes: increasing electric bill credits, expanding the manufacturing decarbonization incentive (MDI) to $4 billion, adding about $800 million in additional compliance support for industry, and removing post-2030 allowance allocations from the current rulemaking. CARB said the proposal would still maintain declining caps aligned with 2030 and 2045 targets, provide near-term affordability relief, and support businesses and jobs while reducing emissions. In response to questions, CARB said the MDI has guardrails, is limited to emissions-reducing projects, and would require reporting and repayment if projects do not materialize. The Legislative Analyst’s Office said the amendments are significant and could affect several legislative priorities. LAO highlighted that the MDI would add allowances above the cap, creating uncertainty about environmental ambition and 2030 compliance, while also shifting more allowances to industry and fewer to the GGRF. LAO said the proposal could significantly reduce GGRF revenues and noted that, if revenues fall to CARB’s estimated level, some tiered programs could go unfunded. The Department of Finance explained that GGRF revenue estimates are updated three times a year and are difficult to predict because they depend on auction outcomes and market conditions. Senators pressed both agencies on whether the proposal would raise consumer costs, whether industry savings would be passed through, and whether the Legislature should receive updated revenue estimates before voting on the budget.

Transcript Highlights:

• Approximately $6.94 million would be new money for capital projects, and $470,000 will refinance the
• The East Baton Rouge City-Parish is seeking approval of not exceeding $3.5 million of bonds to refinance
• the 2010A bonds and not exceeding $31.5 million to refinance 2016A bonds.
• The bonds will refinance loans and reimburse Crescent City Schools Foundation, Inc. for expenditures
• The bonds will refinance loans and reimburse Crescent City Schools Foundation, Inc. for expenditures

Summary: The State Bond Commission met on May 21, established a quorum, approved the April 16 minutes, and then considered a long agenda of bond, refunding, and election-related requests. Items 3 through 10 were election propositions for the November 3 ballot involving ad valorem taxes, parcel fees, and charter amendments for purposes such as fire protection, agricultural centers, neighborhood security, recreation, aging services, drainage, and roads and bridges; staff said they met technical and legal requirements, and the commission approved them. The commission also approved several local financings, including water and sewer projects, fire district equipment and facility improvements, school board and parish bonds, and refunding transactions for the East Baton Rouge City-Parish and St. James Parish School Board. A retroactive approval request from the City of Kenner related to a CEA with GMB Basketball LLC was discussed; staff made no recommendation because it was retroactive, but noted it appeared to be an oversight, and item 22, the related airport district agreement, was approved. The commission approved additional financing for the Louisiana Housing Corporation’s Federal City Building 10 affordable housing project, a preliminary approval for the Northwest Louisiana Finance Authority’s Petro Tower redevelopment in Shreveport, and two Louisiana Public Facilities Authority projects: Southern University’s Scott’s Bluff student housing project and the Crescent City Schools project for Harriet Tubman Charter School. During discussion of the Crescent City Schools financing, a commissioner asked about the use of MFP funds; staff explained that lease payments would be the repayment source and that MFP dollars are generally split between educational expenses and facilities costs, with the school’s typical split around 72% instructional and 28% administrative/facilities-related. Both items were approved. The commission then received six cost-of-issuance reports for previously approved bond issues, with various fee adjustments but no motions required. It also reviewed a debt schedule update and adopted Resolution No. 2 authorizing up to $425 million in general obligation refunding bonds to refund Series 2016 bonds and tender other outstanding bonds for savings, with pricing tentatively set for June 16 and closing for June 30. In other business, the commission heard a brief public comment from New Orleans City Council President J.P. Morrell thanking the commission for helping place a charter amendment on the ballot to improve New Orleans budgeting transparency and oversight. The meeting ended after monthly reports were noted and no further business was raised.