Video & Transcript Research : 'venture capital'
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NM
Transcript Highlights:
- They get 1% off the capital. I know what Art in Public Places is, Mr. Chairman.
- We still had to put in our own capital, which has never happened before.
- We had to fund our own capital. We were left the fire and the reconciliation.
- Under our own capital.
- pay for the capital outlay package for higher ed.
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
Summary:
The committee reviewed drafting instructions and spending sheets for House Bill 2, focusing on both recurring and nonrecurring appropriations, reserve levels, and several late changes. Staff explained that the package would leave reserves around 28% under the current scenario, with the possibility of rising to about 30% if a separate natural disaster reform bill is enacted. Members discussed how disaster funding would be handled through a replacement Section 8 and the appropriation contingency fund, and whether the operating reserve could be tapped with explicit authorization. There was also clarification on fund types, including other state funds and interagency transfers, and on how line items were reflected in the spreadsheets.
A major point of debate was how to offset additions by reducing funding elsewhere. Members discussed shifting money from the state fair/multipurpose arena request, the Office of Natural Resources Trustee, and other capital items to accommodate changes. Several senators raised concerns about cutting the Office of Natural Resources Trustee too deeply and about the purpose of those funds, including possible land purchases and floodplain mitigation in Ruidoso. The committee also discussed whether the state fair money should be reduced, with some members supporting a $25 million restoration and others preferring to leave the executive’s request intact. Staff noted that some reductions were not true cuts but swaps or offsets, such as moving local road money and using excess capital outlay reserves.
Other corrections and policy items were addressed, including an increase for UNM and NMSU stadium funding, a correction to a project distribution on line 105, and funding for the Health Council. Members also noted that the public employee 1% raise was no longer funded because recurring capacity was used elsewhere, and that no COLA was included. After discussion, Senator Woods moved to adopt the drafting instructions, Senator Gonzalez seconded, and the motion passed without objection. The committee then directed staff to prepare a catch-up cleanup version of House Bill 2 for later review and said House Bill 8 would be taken up the next morning.
WA
Transcript Highlights:
- We’ll open the Capital Budget Committee meeting.
- budgeted entity of the state; therefore, there’s no impact estimated for either the operating or capital
- The estimated fiscal note shows capital budget impacts of $54,600 in total funds over the 2025-27 biennium
- Department of Commerce identified Department of Commerce identifies both operating and capital costs
- And then on the capital side, Commerce assumes about $107,000 a year beginning in fiscal year 27 to manage
Keywords:
embodied carbon, building materials, sustainability, construction, environment, broadband, infrastructure, loan assistance, economic development, technology access, HB 2353, predesign thresholds, capital construction, capital budget, major capital projects, Office of Financial Management, OFM, Washington state, state agencies, infrastructure planning
Summary:
The Capital Budget Committee heard public testimony on Substitute House Bill 2236, which would update the Washington State Housing Finance Commission’s statutes. Staff explained that the bill would authorize the commission to make direct mortgage loans for multifamily housing, clarify that it is not a retail mortgage lender, extend bond counsel terms, remove notice requirements before bond issuance, and repeal outdated provisions including the housing finance program and housing finance plan requirement. The sponsor and commission representatives said the changes would modernize the agency, improve efficiency, and give it more flexibility to provide gap financing for affordable housing without using state general funds. Testimony was generally supportive, with some questions focused on housing access for communities of color, the effect of higher interest rates, and the possible role of longer mortgage terms; the commission emphasized its down payment assistance programs and work with banks and developers. The hearing on SHB 2236 was then closed.
The committee then heard House Bill 2273 on reducing embodied carbon emissions in buildings and building materials. Staff described requirements for the State Building Code Council to adopt embodied-carbon reduction standards for large projects, phased implementation, reporting, a public database and website through the Department of Commerce, and random audits. The prime sponsor said the bill responds to rising energy demand and would help lower emissions and potentially reduce costs by encouraging innovation and allowing embodied-carbon savings to count in future energy-code tradeoffs. Supporters from environmental justice and architecture groups said the bill would address pollution upstream, align Washington with other jurisdictions, and could be cost-neutral on many projects. Opponents, including the Washington Aggregate and Concrete Association and Washington Citizens Against Unfair Taxes, argued the bill could raise costs, create sourcing and timeline problems, and questioned the school construction exemption. The hearing on HB 2273 was then closed.
The committee also heard Senate Bill 5188, which would allow the Public Works Board to issue loans for broadband infrastructure repair and replacement under the broadband service expansion program, with priority for areas that would become unserved without the work. Staff noted operating and capital costs in the fiscal note and said an updated note had been requested. The Association of Washington Cities testified with concerns that expanding the program could signal further sweeps from the Public Works Assistance Account and undermine confidence in funding for other infrastructure needs, while a committee member raised whether the program should instead be handled through the Curb Board. The hearing was closed after no further testifiers appeared.
In executive session, the committee reviewed House Bill 2353, House Bill 2420, and House Bill 2470. HB 2353, which raises the predesigned threshold for capital construction projects from $10 million to $15 million and indexes it to inflation, was passed out of committee by voice vote with an 18-0-1 result. The committee then adopted a proposed substitute for HB 2420, which increases the small works roster contract limit to $530,000 and changes the effective date to January 1, 2027; it also passed 18-0-1. Staff also briefed HB 2470, including a proposed substitute that would increase state funding assistance for on-base school construction projects by 15% and remove a federal-funding offset requirement, but no vote on that bill occurred in the transcript. The chair announced another hearing and executive session for Friday and asked members to submit amendments by 10 a.m. the next day.
WA
Transcript Highlights:
- Signed in other on the Senate capital budget. I'll start...
- Thank you for your work on the capital budget.
- Senate capital budget as well.
- CCA Capital is for the capital budget.
- Currently, it's capital and transportation, but historically only capital has spent out of this particular
Keywords:
capital budget, funding, infrastructure, state projects, budget allocation, HB 2353, predesign thresholds, capital construction, major capital projects, Office of Financial Management, OFM, Washington state, state agencies, infrastructure planning, construction costs, inflation adjustment, capital facilities, project review, allotments, lease approval
MN
Transcript Highlights:
- Investment and continued Capital Investment for maintenance purposes.
- Investment and continued Capital Investment for maintenance purposes.
- Investment and continued Capital Investment for maintenance purposes.
- show up as a potential earmark in a future capital budget bill.
- show up as a potential earmark in a future capital budget bill.
Keywords:
HF4470, Melissa Hortman, memorial, statue, memorial garden, State Office Building, Capitol Mall Design Framework, capital investment, appropriation, Capitol Area Architectural and Planning Board, Department of Administration, public art, commemorative monument, landscaping, artist selection, family consultation, Minnesota legislature, state building site, capital appropriation, political subdivisions
WA
Transcript Highlights:
- Thank you for joining us today for the Capital Committee.
- It reflects both operating costs for the Department of Labor and Industries as well as capital costs.
- I will skip over the operating costs unless anybody has questions, but I'll say on the capital side,
- projects, as you know, because many of our capital projects are not large.
- We have one more session for the Capital Budget Committee.
Bills:
HB2295
Keywords:
Washington capital budget, supplemental capital budget, capital appropriations, state building construction account, taxable building construction account, climate commitment account, natural climate solutions, housing trust fund, affordable housing, supportive housing, homelessness, manufactured home communities, mobile home parks, school construction, school modernization, school seismic safety, healthy schools, school electrification, SCAP, behavioral health facilities
WA
Transcript Highlights:
- Welcome to the Capital Budget Committee.
- Today we're going to hear HB 2295, which is our supplemental capital budget.
- construction projects, $69.5 million for capital and $69.5 million for K-12 capital construction projects
- I strongly urge you to fully fund the capital budget request.
- The capital budget committee is adjourned.
Bills:
HB2295
Keywords:
Washington capital budget, supplemental capital budget, capital appropriations, state building construction account, taxable building construction account, climate commitment account, natural climate solutions, housing trust fund, affordable housing, supportive housing, homelessness, manufactured home communities, mobile home parks, school construction, school modernization, school seismic safety, healthy schools, school electrification, SCAP, behavioral health facilities
NM
New Mexico 2026 Regular Session
House - Taxation and Revenue Feb 14th, 2026 at 10:35 am
House Taxation & Revenue
Transcript Highlights:
- Then they go through the statewide capital outlay process through the LFC in the fall.
- The Higher Education Department and the Capital Outlay Committee through the Higher Education Department
- So with bonding like this, will it be able to hit the ground a lot quicker than sometimes our capital
- This, will it be able to hit the ground a lot quicker than sometimes our capital outlay was able to get
- So with this, the bonds, that's different than capital outlay.
Keywords:
general obligation bonds, GO bonds, capital projects, bond election, property tax levy, state debt, state finance, capital outlay, senior centers, senior citizen facilities, aging services, long-term services, libraries, library acquisitions, broadband for libraries, higher education, university capital projects, community colleges, tribal schools, special schools
NM
New Mexico 2026 Regular Session
House - Taxation and Revenue Feb 13th, 2026 at 08:35 am
House Taxation & Revenue
Transcript Highlights:
- underlying science, Hypersonics, advanced energy, the underlying science for these programs is complex, capital
- My name is Alex Coglund, founder of New Mexico Venture Studios, a venture studio focusing on supporting
Keywords:
general obligation bonds, GO bonds, capital projects, bond election, property tax levy, state debt, state finance, capital outlay, senior centers, senior citizen facilities, aging services, long-term services, libraries, library acquisitions, broadband for libraries, higher education, university capital projects, community colleges, tribal schools, special schools
LA
Transcript Highlights:
- Members, House Bill 2 provides for the comprehensive capital outlay budget.
- And what we're doing today is State General Fund Direct, so you are appropriating money to capital projects
- You're appropriating money to capital projects in recurring funds.
Bills:
HB2
Keywords:
capital outlay, budget, infrastructure, appropriation, general obligation bonds, 965, house, all
MS
Mississippi 2025 Regular Session
Capital City Revitalization - Room 113, Dec. 11, 2025; 9:30 AM
US
US Federal 2025-2026 Regular Session
Hearings to examine the nomination of William Briggs, of Texas, to be Deputy Administrator, and Casey Mulligan, of Illinois, to be Chief Counsel for Advocacy, both of the Small Business Administration. Mar 12th, 2025 at 01:30 pm
Small Business and Entrepreneurship Committee
Transcript Highlights:
- The Small Business Administration is intended to support small businesses by providing capital, contracts
- Previously, he served as the Acting Associated Administrator in the SBA's Office of Capital Access and
- Independent Bankers Association of Texas, Texas Venture Alliance, Economic and Community Development
- Access to capital, contracting, and counseling small businesses to grow.
- . and IP, securing IP and things like that for entrepreneurial ventures.
Keywords:
SBA, small business, nominations, Bill Briggs, Casey Mulligan, regulations, capital access, public support
Summary:
The Committee on Small Business and Entrepreneurship convened to consider the nominations of Bill Briggs for Deputy Administrator of the SBA and Dr. Casey Mulligan for Chief Counsel for Advocacy. The discussions highlighted the critical role of the SBA in promoting small businesses, with emphasis on overcoming challenges posed by excessive regulations and the need for improved access to capital. Several committee members expressed their concerns over recent layoffs within the SBA and the closure of district offices, which they believe undermine support for small businesses across the nation. The committee meeting saw extensive dialogue about the implications of regulations on small business operations and how the nominees plan to address these issues if confirmed. Public support for the nominees was acknowledged through letters from various stakeholders who advocate for small business interests.
NM
Transcript Highlights:
- Any of her capital to fund this? No, actually, Mr.
- I mean, if you're taking capital monies because you're, it's capital bonding, right?
- Capital outlay changes. So. House Bill 247, which we'll hear tomorrow, capital outlay changes.
- Capital Outly changes. So. House Bill 247, which is, we'll hear tomorrow, capital out late changes.
- else's capital outlay.
Keywords:
telecommunications, low-income assistance, lifeline, broadband, rural broadband, universal service fund, public regulation commission, PRC, 911 surcharge, telecommunications relay service, VoIP, mobile service, internet affordability, digital equity, digital inclusion, rural internet, broadband infrastructure, eligible telecommunications carrier, ETC, tribal consent
NM
Transcript Highlights:
- Their audits are the only thing we require in their audits is that they have audits for capital outlay
- So plugging all these costs in and accounting for the $74 million in capital that we needed to put in
- The House should have put all the capital in and then begun. I can't believe LFC let them do that.
- And we do have the capital bill here. We'll probably hear that this afternoon. Mr.
- And we do have the capital bill here. We'll probably hear that this afternoon. Mr.
Keywords:
telecommunications, low-income assistance, lifeline, broadband, rural broadband, universal service fund, public regulation commission, PRC, 911 surcharge, telecommunications relay service, VoIP, mobile service, internet affordability, digital equity, digital inclusion, rural internet, broadband infrastructure, eligible telecommunications carrier, ETC, tribal consent
TX
Transcript Highlights:
- Members, this resolution seeks to reaffirm Poteet, Texas, as the official strawberry capital of Texas
- This resolution will redesignate the town of Dripping Springs as the Wedding Capital of Texas for the
- As such, House Concurrent Resolution 74 designates Carthage as the official Country Music Capital of
- It basically designates Port Aransas as the fishing capital of Texas. Any questions? Members?
- HCR 50 designates Galveston as the Mardi Gras Capital of Texas for a 10-year period ending in 2035.
Bills:
SB2959, HB3096, HCR29, HCR56, HCR12, HCR55, HCR74, HCR78, HCR116, HCR117, HCR6, HCR50, HCR107, HCR80, HCR58, HCR70, HCR71, HCR72, HCR75, HCR93
Keywords:
firearm safety, awareness month, public safety, responsible ownership, storage, recreational use, profound autism, awareness day, caregiver, disabilities, support, counseling, mental health, awareness, support services, community health, necrotizing enterocolitis, premature infants, breastfeeding, health awareness
Summary:
The Senate Committee on Administration met with a quorum and took up a series of pending resolutions, bills, and the local uncontested calendar. The committee first reported HCR 80 favorably and placed it on the May 9, 2025 local and uncontested calendar. It then heard and approved several commemorative resolutions, including HCR 12 designating September as Deaf Awareness Month for 10 years, HCR 55 reaffirming Poteet as the Strawberry Capital of Texas, HCR 56 designating May as NEC and Breastfeeding Awareness Month, and HB 3096 creating Profound Autism Awareness Day on March 17. Each of these measures was reported favorably to the full Senate, with no opposition in testimony except HB 3096, which included supportive testimony from Tara Duval describing the needs of individuals with profound autism and their families.
The committee also approved HCR 58 redesignating Dripping Springs as the Wedding Capital of Texas, SB 2959 designating August as Firearm Safety Month, HCR 74 naming Carthage the Country Music Capital of Texas, HCR 78 establishing Lone Star Santa’s Charities Day, HCR 116 redesignating Brownsville as the Bicycling Capital of the Rio Grande Valley, and HCR 117 designating Port Aransas as the Fishing Capital of Texas. SB 2959 drew supportive testimony from Stephen Price, who emphasized gun safety, suicide prevention, and public awareness, while other measures received no public testimony. All were reported favorably and recommended for the May 9 local and uncontested calendar.
Later, the committee approved HCR 6 naming Galveston the Juneteenth Capital of Texas, HCR 50 naming Galveston the Mardi Gras Capital of Texas, HCR 107 making the Texas Almanac the official State Book of Texas, HCR 70 designating Jim Hogg County as the Vaquero Capital of Texas, HCR 71 recognizing LaSalle County for wild hog hunting and related traditions, and HCR 29 designating April as Counseling Awareness Month. HCR 6 received testimony from a Galveston city representative in support of the Juneteenth designation, and HCR 29 received testimony from the Texas Counseling Association supporting recognition of counselors. Finally, the committee certified the May 9, 2025 local and uncontested calendar after removing 32 bills for reasons including penalties, fiscal notes, or opposition, specifically noting SB 317 was removed due to criminal and civil penalties, and then recessed.
MS
Mississippi 2025 Regular Session
Capital City Revitalization Committee - Room 113, August 27, 2025; 10:00 AM
NM
Transcript Highlights:
- And this may be from last year's capital.
- Chair, you do have the capital outlay bill.
- I mean, if you're taking capital monies, because you're, it's capital bonding, right?
- else's capital outlay.
- else's capital outlay.
Keywords:
telecommunications, low-income assistance, lifeline, broadband, rural broadband, universal service fund, public regulation commission, PRC, 911 surcharge, telecommunications relay service, VoIP, mobile service, internet affordability, digital equity, digital inclusion, rural internet, broadband infrastructure, eligible telecommunications carrier, ETC, tribal consent
Summary:
The committee first set aside Senate Bill 247 because the Attorney General and bill sponsor were not present. It then heard Senate Bill 190, which would authorize bonding to help Healer Regional Medical Center in rural southwest New Mexico replace an aging linear accelerator used for cancer radiation treatment. The sponsor and hospital representatives said the equipment is at end of life and that replacing it would keep patients from having to travel long distances for care. The committee adopted a friendly amendment adding an emergency clause, but members then questioned the financing, noting the $5.7 million cost, the lack of local matching funds, and the fact that the equipment’s useful life is only about 10 years while the proposed bonds would run for 30 years.
After extended discussion about interest costs and timing, committee members explored alternatives to reduce the state’s borrowing burden, including using existing rural health care funds, federal grant money, or structuring a county lease arrangement rather than issuing bonds. The bill was left pending while staff and the sponsor were asked to look into those options and report back. The committee also briefly heard from the Department of Justice about concerns raised by the Public Education Department regarding Gallup-McKinley and online learning companies; DOJ said investigations were ongoing but it could not say whether a lawsuit would be filed. Members expressed concern about possible large liabilities and discussed bringing the Attorney General and PED Secretary back in executive session.
The meeting then shifted to House Bill 2 and related budget matters. Staff walked members through numerous line items, flagging some as potentially duplicative, unspent, or in need of further review, including attorney general litigation funds, rural health, education, transportation, tourism, energy, and economic development items. The committee adopted the “grow” spreadsheet after members said they had reviewed it, and then discussed reserve targets. Staff presented several scenarios to raise reserves from about 26.7% toward the 27.5% target, including cuts to natural resource, environmental, higher education, and transportation appropriations. Members generally favored a flexible “scenario five” approach and were reluctant to sweep older capital outlay projects immediately, preferring to wait until the capital outlay changes bill is resolved. The committee planned to continue the budget discussion the next morning.
TX
Transcript Highlights:
- This resolution names Pflugerville as the Trail Capital of Texas.
- Senate Concurrent Resolution 43 would designate Port Aransas, Texas, as the official fishing capital
- In the early 1900s, it was known as the tarpon capital of the world, drawing anglers from across the
Keywords:
Pflugerville, Trail Capital, health and wellness, outdoor recreation, community connectivity, patriotism, town designation, community engagement, Trophy Club, Texas Town of Patriotism, Mineola, Sweets Capital, Texas, local economy, cultural identity, community events, Port Aransas, Mustang Island, Fishing Capital of Texas, Texas fishing
Summary:
The Senate Committee on Administration met with a quorum and heard several Senate Concurrent Resolutions recognizing Texas places and traditions. SCR 46, by Senator Sparks, proposed renaming the New York strip steak as the Texas strip steak to honor Texas cattle production and the state’s beef industry. No public testimony was offered, and the committee voted 4 ayes and 1 present not voting to report it favorably to the full Senate.
The committee also heard SCR 18, by Senator Parker, designating Trophy Club as a symbol of Texas patriotism, SCR 4, by Senator Eckhardt, naming Pflugerville the Trail Capital of Texas, and SCR 43, by Senator Hinojosa, designating Port Aransas as the official fishing capital of Texas for 10 years. Each resolution received no public testimony, was reported favorably by unanimous or near-unanimous committee vote, and was placed on the local and uncontested calendar for April 24, 2025.
Afterward, the committee reviewed the April 24 local and uncontested calendar, noting several bills removed because of penalties, fiscal notes, or significant opposition, with SB 1727 specifically raised by a member. The committee then certified the April 24, 2025 list by a 6-0 vote and recessed. SCR 31 was left pending.
TX
Keywords:
Pflugerville, Trail Capital, health and wellness, outdoor recreation, community connectivity, patriotism, town designation, community engagement, Trophy Club, Texas Town of Patriotism, Mineola, Sweets Capital, Texas, local economy, cultural identity, community events, Port Aransas, Mustang Island, Fishing Capital of Texas, Texas fishing
MN
Transcript Highlights:
- These funds support long-term planning, such as capital projects, facility and equipment improvements
- These funds support long-term planning, such as capital projects, facility and equipment improvements
- These funds support long-term planning, such as capital projects, facility and equipment improvements
Keywords:
education, literacy, science of reading, school performance, funding flexibility, innovation zones, equity and inclusion, HF52, New Germany, wastewater treatment, wastewater facility, sewer infrastructure, capital investment, bonding bill, state bonds, Public Facilities Authority, municipal infrastructure, water quality, sanitation, sewage treatment
ND
North Dakota 2025-2026 Regular Session
House Appropriations - Education and Environment Division Apr 15th, 2025 at 03:30 pm
Appropriations - Education and Environment Division
Bills:
SB2003
Keywords:
higher education, student loans, scholarships, capital projects, workforce development, funding, North Dakota university system, 908, all
Summary:
The committee reconvened to act on Senate Bill 2003, the higher education budget. Members first replaced prior intent language related to the University of North Dakota School of Medicine and Health Sciences with new language stating it is the intent of the 69th Legislative Assembly that an Allied Health Facility expansion be completed, and that the 70th Legislative Assembly consider supporting completion of the project. The chair explained the change was meant to avoid binding the next legislature to a specific $50 million commitment while still helping UND with fundraising. The amendment was moved, seconded, and adopted unanimously.
The committee then addressed funding for Minot State University’s “Advancing Students Toward Education and Employment” program. After some discussion about the amount already in the bill and what had been previously agreed to, the committee approved adding $1 million, bringing the total appropriation for that line to $1.5 million. Members referenced prior testimony in support of the program. That amendment also passed unanimously.
After approving the amendments, the committee adopted a do-pass recommendation on Senate Bill 2003 as amended, with Representative Sanford designated as the bill carrier. The chair noted the bill would likely be taken up on the floor later in the week. The committee also said it would return to commerce-related work the next day and then adjourned for the day.