Transcript Highlights:

• level is that using the State's bond level is that using the State's bond rating<00:28:44.880>
• or authorizing this bond?
• Bond no I think Bond or authorizing this Bond no I think for<00:59:40.839> us<00:59:41.119>
• So it would eat up the whole bond cap we have, so we would have no money under the bond cap for low-cost
• would have no money under in the bond would have no money under in the bond cap<01:01:46.039>

Keywords: 910, house, all

Summary: The joint committees heard testimony on HB 982 HD1, a wildfire-related measure aimed at creating a wildfire recovery fund and a financing structure to address future catastrophic wildfire liability. The Department of Commerce and Consumer Affairs, the Division of Consumer Advocacy, and the Public Utilities Commission submitted comments and were available for questions. Supporters included IBW Local 1260, Kauai Island Utility Cooperative, Clearway Energy Group, Hawaiian Electric, Par Hawaii, and others, while Charter Communications and the Hawaii Association for Justice opposed or raised concerns. Life of the Land supported the bill but urged changes to the definition of a catastrophic wildfire and noted concerns about prudency review language. IBW Local 1260 asked to restore language from the original draft, and Charter warned the bill could impair existing contract and indemnity rights unless amended. A major focus of the hearing was Hawaiian Electric’s position on the HD1 version. Hawaiian Electric strongly supported the original bill but objected to the HD1 requirement for an additional $500 million shareholder contribution, arguing it was not feasible and could delay or prevent the fund from operating. The company said the bill would help protect customers and improve credit ratings by creating a dedicated revenue stream and a bankruptcy-remote financing structure, which it said would lower borrowing costs over time. Members questioned how the $1 billion securitization amount was chosen, whether credit rating agencies had indicated it was sufficient, and how the bill would work in bankruptcy; Hawaiian Electric said the amount was a balance among interests, not based on a specific agency directive, and that it would follow up on bankruptcy questions. Opponents and skeptics raised concerns about liability caps, the new claims process, and unclear language on damages above the fund’s limits. The Hawaii Association for Justice argued the bill limits victims’ remedies and gives too much authority to the new entity without clear guardrails. Committee members also pressed Hawaiian Electric on comparisons to California, the feasibility of the shareholder contribution, and whether alternative capital-raising or divestiture options had been considered. No vote or final action was taken in the portion of the hearing provided; testimony and questioning continued with follow-up information requested from Hawaiian Electric and others.

Transcript Highlights:

• today for trunk highway bonds.
• today for trunk highway bonds.
• You can find some room in the bonding bill for some additional trunk highway bonds for Corridors of Commerce
• <00:10:49.720> and $400 million of Trunk Highway bonds and $400 million of Trunk Highway bonds
• and $1.88 million in geo highway bonds and $1.88 million in geo bonds.<01:36:57.400> This<01:

Keywords: 1187, senate, all

Transcript Highlights:

• because it would harm our State's bond because it would harm our State's bond rating<00:15:14.440
• When it comes to our ability to bond, our bond rating is important because that tells us what our capacity
• to our ability to bond uh our bond<00:53:16.799> rating<00:53:17.520> is<00:53:17.720>
• <00:53:38.920> which would impact our ability to bond which would impact our ability to bond
• bonding bonding perspective<00:53:52.720> thank<00:53:52.839> you<00:53:52.960> representative

Keywords: 1183, house

Transcript Highlights:

• Senate Bill 378 modernizes the Oklahoma multi-county bond bail has been statute by controlling flexibility
• Senate Bill 378 modernizes the Oklahoma multi-county bond bail bonds statute by controlling flexibility
• This is not 12 times the amount that somebody arrested has to put up to bond out.
• That somebody arrested has to put up to bond out, this is the bondsman.
• And there is a bond necessary for the that is commensurate with the level of the crime.

Bills: SB378, SB540, SB1061, SB1475, SB1531, SB1534, SB1684, SB1824, SB1826, SB2049

Keywords: bail bondsman, bondsman license, multicounty agent bondsman, surety bondsman, Insurance Commissioner, bail bond regulation, bond deposit, forfeiture, deposit ratio, writing capacity, license transfer, power of attorney, surety bond, bail industry, Oklahoma insurance law, financial solvency, administrative action, SB1061, Oklahoma Secure and Fair Enforcement for Mortgage Licensing Act, SAFE Act

Transcript Highlights:

• As I understand it, what you're changing is that to do a cash bond...
• or go get a bond.
• I mean, bonding companies can... ...judges can...
• So, effectively, they lower a bond when it just... can't.
• Okay, here's your percentage bond.

Bills: SB210, SB225, HB280, HB287, HB94, HB88, SB157, HB7, HB8, HB42

Keywords: hospital liens, medical billing, government healthcare, insurance claims, patient rights, blood tests, DUI, law enforcement, traffic offenses, chemical analysis, public nuisance, event liability, local government, community health, legal action, transparency, reporting, public safety, regulation, accountability

Transcript Highlights:

• particularly in relation to the bonding particularly in relation to the bonding bill<00:05:13.240
• bonding bill could address?
• So the minority has one say, and this is it, the bonding bill.
• <00:07:30.479> I and then we can do the bonding bill.
• I and then we can do the bonding bill.

Keywords: 1187, senate, all

Transcript Highlights:

• these bonds, to review how good of these bonds, to review how good of stewards<00:00:53.840> we
• sold<00:33:07.279> on<00:33:07.519> a bond issue is being sold on a bond issue
• asked for your approval of this bond asked for your approval of this bond issuance. weather.<00:
• And we did ask bond council on this one.
• facility construction commission bonds. facility construction commission bonds.

Keywords: 00:01 Call to Order and Roll Call 01:49 Approval of Minutes 02:06 Information Items 03:48 Project Rpt from Finance and Admin Cabinet 14:38 Lease Rpt from Finance and Admin Cabinet 18:50 OFM – Ky Infrastructure Authority 26:40 OFM – Cabinet for Economic Development 31:50 Office of Financial Management 40:40 Remaining 2025 Meeting Dates 41:25 Adjournment, 958, all

Summary: The meeting opened with prayer and a quorum call, then the committee approved the prior meeting minutes. Staff reported several informational items, including University of Kentucky medical and research equipment purchases, school district debt issues, leasehold improvements, and Kentucky Community and Technical College System bond allocations. The committee then approved a line-item appropriation increase of $350,000 in federal funds for the Department of Fish and Wildlife Resources’ Cumberland Forest Conservation Program, along with two Department of Military Affairs projects: the Ashland Readiness Center window replacement and the MATES HVAC replacement at Fort Knox. It also approved four larger maintenance-pool projects without further action: HVAC and smoke evacuation work at the Kentucky State Penitentiary, HVAC and hot water tank replacements at Oakwood, a Green Bank energy-savings performance project across state facilities, and roof replacement at Lake Barkley Lodge. Members asked about the prison project, the roof procurement process, and whether minority-owned firms receive special bidding preference; staff said capital projects are awarded through open low-bid procurement with qualification and warranty requirements, and that minority participation is preferred but not a bidding criterion. Two lease modifications were approved for Franklin County agencies: an expansion and renovation for the Auditor of Public Accounts and a downsizing and renovation for the Kentucky Workers Compensation Funding Commission. The committee also approved Kentucky Infrastructure Authority items, including a Monticello sewer loan, several Cleaner Water Program grants and reallocations, and a House Bill 1 water grant that required no action. Members questioned engineering costs and were told the KIA board reviews technical details and anomalies before approval. Finally, the committee approved six economic development grants: one EDF grant for V Simple in Jefferson County and five KPDI EDF grants for projects in Breckinridge, Erlanger, Todd, and Washington counties. The last action item was approval of Western Kentucky University’s up-to-$10 million general receipts revenue bond issue for athletic facilities. An informational Kentucky Housing Corporation multifamily bond item prompted concern from members about rising per-unit costs for affordable housing, and they requested further explanation from the housing corporation at a future meeting.

Transcript Highlights:

• He said he farms, owns a small business, and became interested in bonding and public infrastructure after
• He said he saw firsthand the importance of bonding and its impact on outstate communities.
• <00:45:43.680> dollars state so uh and then our bonding dollars state so uh and then our bonding
• that you know if we could get a bonding that you know if we could get a bonding Bill<00:47:43.720
• The request is for $3 million for bond money for the design of new hangers for these aircraft.

Keywords: 1183, house

Summary: The committee met with a quorum and began with introductions from members and staff, who shared brief personal facts. Chair Franson then announced that the committee would hear the governor’s bonding request for state agencies, starting with the Department of Public Safety. Commissioner Bob Jacobson, BCA Superintendent Drew Evans, and State Patrol Colonel Christina Boich were introduced as the presenters. The Department of Public Safety focused on three capital projects: a new Southern BCA regional office and laboratory, an expansion of the BCA regional office and laboratory in northern Minnesota, and a new Minnesota State Patrol headquarters funded with trunk highway cash. Evans said the BCA’s St. Paul headquarters is severely overcrowded and that demand has grown because of sexual assault kit testing, digital evidence work, drug evidence, and a sharp rise in cybercrime and child exploitation cases. He said the regional facilities would improve turnaround times, reduce travel for testimony and evidence drop-off, expand training access for local law enforcement, and allow the BCA to serve southern and northern Minnesota more efficiently. Members questioned the high cost of the projects, including Representative Skraba’s concern about the per-square-foot cost. Evans responded that the facilities are expensive because they are specialized laboratories, not office buildings, and must include costly equipment, HVAC systems, redundant power, and other lab-specific features; he said retrofitting existing buildings would cost about the same as new construction. He also said the Southern Minnesota project had increased from about $48 million to $68.1 million due to final design changes, larger space needs, and rising construction costs. Representative Sexton asked about training availability, and Evans said the new facility would include a classroom for 40 to 60 students and could be used by other agencies at low or no cost. Representative Hansen asked about regional training centers, and Evans said the BCA uses them for specialized training but still needs this classroom-based regional space. No votes or formal actions were taken in the portion provided.

Transcript Highlights:

• bond are when you issue bonds through a state agency.
• definition of bond. Mhm. definition of bond. Mhm.
• This definition of bond is only specific to the bonds issued by the New Hampshire BFA and combined with
• It's called a conduit bond. May I follow up?
• Um, since we passed that definition of bond, uh, we actually passed that exact definition.

Keywords: 1191, senate, all

Transcript Highlights:

• Division of Bond Finance to secure a bond to finance the building of the 550-bed inpatient mental health
• But it came in above the bond, and so immediately It came in, but it came in above the bond.
• Currently, the balance of the bond is $145 million.
• The other thing is that the bond money was already issued.
• What was it that caused the initial design to go above the bond?

Summary: The committee first heard an update from the Florida Department of Corrections on the proposed Lake Correctional Institution mental health project in Clermont. Tim Fitzgerald explained the project’s history, including the 2016 Disability Rights Florida litigation, the 2018 consent decree, and the original plan for a 550-bed inpatient mental health facility. He said inflation and design changes pushed the project above the bond amount, leading the department to shift to a “continuum of care” alternative with 572 beds total: 92 inpatient beds and 480 residential treatment beds in three special housing units. Fitzgerald said the project is currently paused pending House concurrence, while the Senate has already agreed to the alternate plan, and noted the bond balance, prior expenditures, and the need to spend down the tax-exempt bond by August 2026. Members questioned how the new plan differs from the original facility, whether it satisfies the consent decree, and what caused the cost increases. Fitzgerald said the department believes it has already met the consent decree through systemwide improvements to housing, staffing, programming, and out-of-cell time, though he said he would confirm the court documentation. He also said the original scope grew from 275,000 to 350,000 square feet as treatment, nursing, security, and programming needs were refined, and that inflation, fees, permitting, and contingencies contributed to the higher cost. Several members asked for follow-up information on Senate approval, consent decree documentation, and the project’s impact on crisis-stabilization capacity. The committee then received a joint court-system presentation from State Courts Administrator Eric McClure and Clerks Corporation Executive Director Jason Welty on caseload trends, case tracking, and staffing. McClure described statewide filing trends, the use of weighted caseload studies to certify judicial need, and recent Supreme Court rule changes aimed at active civil case management, including differentiated case tracks, stricter deadlines, and proportional discovery. He said the latest workload study led the Supreme Court to certify a need for 23 circuit judges and 25 county judges. Welty reviewed clerk workload trends, the statewide case maintenance and CCIS systems, and declining clerk FTE despite rising case volumes, and said clerks are seeking additional funding for injunctions, Baker Act/Marchman Act/sexually violent predator work, and juror management. In questions, members pressed both presenters on data quality, case-weight calculations, filing fees, and whether current resources are enough to reduce delays. McClure clarified that the workload weights are based on judge time studies and that a capital murder case averaged 3,177 minutes, while other examples such as auto negligence and dissolution cases were much lower. Welty said the Legislature could help by increasing funding or potentially revisiting filing fees, and noted that many clerk services are unfunded or underfunded, especially indigent and protective filings. The chair and members also raised concerns about backlog, inconsistent case reporting across circuits, and enforcement of judicial time standards; McClure said there is no direct sanction in the rules, and compliance is largely managed through chief judges and the Supreme Court. The meeting ended with no votes taken and adjournment by motion.

Transcript Highlights:

• They should be held accountable through this bond, and they're not right now.
• I think, if anything, bonds are quite simple to enter into. And although it doesn't.
• Testimony, it's bigger contractors; it's easier to get bonds, it is more secure.
• to project managers, which long-standing in construction are not bonded.
• Taxpayers are going to have to pay more money, even though it was a bond.

Bills: HB178, HB178, HB1551, HB1939, HB2040, HB2354, HB2674, HB3029, HB3460, HB3631, HB3662, HB5201, HB5381

Keywords: efficiency audit, political subdivision, tax rate, fiscal management, government accountability, Texas education, public schools, curriculum, social studies, high school graduation requirements, State Board of Education, Education Code, ethnic studies, world history, world geography, U.S. history, government, economics, personal financial literacy, free enterprise

Transcript Highlights:

• I was curious about the P5 bond.
• Just one more. 350 I was, I was curious, um, About the P5 bond, why are we not utilizing the bonding
• that company has a bond that is, um, by statute the amount, but that bond then comes to us and we use
• Well, if a bond, if one well costs $57,000 to plug and we're only requiring a $25,000 bond for up to
• Well, if a bond, if a, if one well costs 359 $57,000 to plug and we're only requiring a $25,000 bond.

Summary: The committee met with a quorum present to hear Article VI Natural Resources agency budget recommendations, beginning with the Railroad Commission. LBB staff summarized the commission’s 2026-27 base recommendation at $458.7 million, down from the prior biennium, with an increased FTE cap. The presentation highlighted reduced federal IIJA funding, volatility in oil and gas regulation account 5155, continued support for IT modernization, and rider changes. The commission’s major exceptional items were then presented, including requests for produced water and injection data reporting, an authorized pit registration system, regulatory filing/permitting upgrades, an underground injection well investigation team, site remediation support, and especially $100 million for orphan well plugging. Members asked about biennium-to-biennium comparisons, salary biennialization, the scale of orphan well risks, federal funding delays, bonding, and whether the state should rely more on industry or general revenue for plugging costs. Commission leadership explained that orphan wells can threaten water and public safety, that plugging costs have risen sharply, and that current funding is insufficient to keep up with emergency wells and the backlog; they also said the agency is moving to cloud-based systems with cybersecurity protections and that the proposed performance measure may need adjustment if funding does not increase. The Railroad Commission testimony was followed by LBB and agency testimony for the Texas Animal Health Commission. LBB described a $42 million recommendation for 2026-27, an increase overall, but with a reduced FTE cap due to turnover and salary reallocation. The recommendation maintained funding for cattle fever tick work, chronic wasting disease, lab testing through an MOU with Texas A&M’s veterinary diagnostic lab, and a new $5 million spay-and-neuter pilot program, while deleting a capital budget rider and adjusting riders tied to entry point inspection stations and clinical trials. Agency leadership then outlined the commission’s mission to protect livestock health and the state’s $22 billion animal industry, and described major disease threats including highly pathogenic avian influenza, cattle fever ticks, New World screwworm, and chronic wasting disease. Their exceptional items focused on recruiting and retaining veterinarians, replacing fleet vehicles, creating an ectoparasite identification lab, adding field staff and IT support, improving records and epidemiology reporting, strengthening central administration, supporting secure food supply planning, expanding chronic wasting disease work, and staffing the new spay-and-neuter program. Members asked about field identification of ticks, the use of disinfectants and PPE, fleet management, the scale of cattle fever tick risk, and chronic wasting disease; the agency explained its current inspection and lab-confirmation process, its reliance on field disinfecting and biosecurity, and the need for more staff and better data systems to keep pace with growing workloads and disease threats.

Transcript Highlights:

• we're talking about, which is a PR bond. we're talking about, which is a PR bond.
• a discretion, to require monetary bond a discretion, to require monetary bond after<01:27:01.920
• uh to issue or require a monetary bond uh to issue or require a monetary bond where<01:31:30.960
• , a monetary bond.
• to impose a uh a monetary bond. to impose a uh a monetary bond.

Keywords: 981, all

Summary: The Senate convened, established a quorum, approved the journal, and received several routine messages, including House-passed bills transmitted to the governor and the revisor. During moments of personal privilege, senators welcomed guests including members of the Persian Cultural Circle for the annual Naruse breakfast, a niece shadowing Senator Judah, and leadership from the Netherland Public Library. A tribute recognizing March 20, 2026 as Naruse Day was read into the record, celebrating the Persian New Year and the Iranian-American community. On the consent calendar, House Bill 1191 passed 33-0. The bill concerns audits of school districts receiving state education fund money for capital construction projects for qualified charter schools, making the state auditor’s examination discretionary rather than mandatory. The Senate then laid over third reading of bills until March 24, 2026, pulled House Bill 1098 off consent for later consideration, and authorized the Joint Budget Committee to conduct business while the Senate was in session. The chamber then resolved into Committee of the Whole and adopted House Bills 1180 and 1189 on second reading. HB 1180 continues the Business Intelligence Center Advisory Board sunset process by repealing the board, while HB 1189 addresses property held by a community property spouse under the Uniform Community Property Disposition at Death Act. The committee report was adopted 33-0 and the bills were ordered revised and placed on the third-reading calendar. The committee also took up Senate Bill 112, concerning defendants who fail to appear in court and allowing certain pretrial release conditions for repeat failures to appear. Sponsor testimony emphasized that the bill was amended to use language from prior legislation and now focuses on repeated, willful failures to appear in the same case, with safeguards for municipal courts and situations where counsel is present. Supporters, including Senator Carson, argued the measure gives local courts a narrow tool to address repeated nonappearance and reduce burdens on judges, law enforcement, victims, and taxpayers; the discussion continued as the transcript ended.

Transcript Highlights:

• What it does is, one, clarify some stuff around community revenue bonds and revenue bonds that inland
• Okay, and so conduit bonding—that's that conduit bonding that...
• issue a bond, at some point you've got to pay the bill, right?
• The ability to issue bonds make sense for everybody, but maybe for some. But the bond.
• Can you tell me how that is different than the conduit bonds versus the community revenue bonds?

Bills: LB815A, LB838A, LB912A, LB972A, LB1126A, LB962A, LB1114, LB921, LB937, LB803, LB803A, LB1032, LB1032A, LB1075, LB1075A, LB889, LB878, LB933, LB304, LB304A, LB1096, LB1096A, LB1165, LB1165A, LB958, LB958A, LB762, LB1187, LB966, LB929, LB962, LB753, LB788, LB913, LB1055, LB1195, LB429, LB721, LB722, LB727, LB743, LB745, LB749, LB778, LB787

Keywords: LB815A, LB815, appropriation, appropriations bill, Nebraska Department of Revenue, Motor Fuel Tax Enforcement and Collection Cash Fund, motor fuel tax, gas tax, fuel tax, tax enforcement, tax collection, cash fund, budget, state spending, per diem, salaries, fiscal year, enrollment and review, final reading, Nebraska

Transcript Highlights:

• activity bonds activity bonds are<00:05:17.200> capped.
• , or $22 million in bonds.
• million worth of bonds. million worth of bonds.
• cap on the maximum bond um limitation. cap on the maximum bond um limitation.
• talking with all of the uh bond users. talking with all of the uh bond users.

Keywords: 1187, senate, all

Transcript Highlights:

• We've never been a barrier to bonding bill.
• Are you expecting any strings attached to passing a bonding bill?
• And we need to do a bonding bill this And we need to do a bonding bill this year.<00:02:42.800> So
• Um, Senate Democrats have announced their bonding target of 1.35.
• October. any of these bonding October. any of these bonding discussions,<00:09:27.920> has

Keywords: 1183, house

Transcript Highlights:

• This is bond authorization, so it's capital.
• treat it like a traditional bond bill.
• bill but I ask you to treat it like a traditional bond bill traditional bond bills are a mix of authorizations
• We know that bonding alone is not enough in this moment.
• We know that bonding alone is not enough in this moment.

Keywords: 995, all

Summary: The committee heard testimony on House Bill 4987, the administration’s transportation bond bill centered on Chapter 90 roadway funding and related capital programs. Administration officials described the bill as a roughly $5.5 billion package that would continue $300 million per year for Chapter 90 over four years, with part of the funding distributed by the traditional formula and an additional $100 million based solely on road miles to better support rural and smaller communities. They also highlighted authorizations for municipal pavement work, Shared Streets and Spaces grants, accelerated bridge and pavement repairs, MBTA rail modernization and reliability, housing-related transportation improvements, and a new DCR-focused PRISM program for parkways and related infrastructure. Officials emphasized that the bill is financed through the Commonwealth Transportation Fund and Fair Share revenues, and said it would help municipalities plan more predictably, speed project delivery, and support housing, safety, and climate goals. Committee members and witnesses discussed the bill’s broader scope beyond traditional Chapter 90, especially the $200 million for transportation projects that support housing development and the $200 million for MBTA modernization and rail reliability. Members asked about the rationale for a four-year authorization amid fiscal uncertainty, federal funding volatility, and the status of commuter rail electrification. Administration officials responded that the capital authorization is backed by dedicated transportation revenues rather than the operating budget, and said multi-year certainty helps cities and towns make better long-term repair decisions. They also said the MBTA’s rail modernization funds would support locomotive procurements, including battery-electric and Tier 4 diesel locomotives, as part of a longer-term regional rail and electrification strategy. Municipal officials and regional advocates strongly supported the bill. The Massachusetts Municipal Association, along with town and city officials from Sherborn, Conway, and Yarmouth, said the increased Chapter 90 funding and road-mile-based distribution are especially important for small and rural communities with limited local revenue capacity, and that multi-year funding would let them bundle projects, bid at better prices, and address backlogs more proactively. A Better City and MAPC also supported the bill but urged the committee to treat it like a traditional bond bill by adding policy provisions and considering new transportation revenue tools, such as TNC fee changes, road pricing, parking taxes, and other mechanisms. The committee took no vote during the hearing and adjourned after testimony concluded.

Transcript Highlights:

• President, whenever we talk about bonding, even when we're restricting the basis for that bonding to
• President, whenever we talk about bonding, even when we're restricting the basis for that bonding to
• Tarr, bond covenant requirements. The question comes up on the amendment.
• Rush, MSBCA bonding. Senator Comerford. Thank you, Mr.
• These amendments eliminate archaic language and align bonding requirements with other bonding authorities

Keywords: 995, all

Summary: The Senate took up a higher education capital bond bill, House 4769, and considered a long series of amendments focused largely on campus facilities, housing, and related policy issues. Many amendments were adopted, including funding or project language for MassBay Community College HVAC and window replacement, Massachusetts Maritime Academy, Springfield Technical Community College, Cape Cod Community College nursing/allied health expansion and housing-related land use, Worcester State University and Quinsigamond Community College, Middlesex Community College, Salem State’s Sullivan Building, Roxbury Community College’s Center for Economic and Social Justice, UMass Boston’s Manning College of Nursing and Health Sciences, and several Massachusetts State College Building Authority updates. Some amendments were rejected, including proposals on a sustainable hand hygiene incentive program, unlocking housing on surplus land, a Senator Bill Owen Center designation, Urban College of Boston, and a board membership change. A number of amendments were held or withdrawn during the process. A major debate centered on an amendment by Senator Tarr to dedicate $300 million of surtax revenue to K-12 education, framed as a response to Chapter 70 funding concerns and the need to modernize school aid. Supporters argued that local districts face rising costs and that the state should set aside fair share revenue for school funding and future school building investments. Opponents said the bill was the wrong vehicle and noted the Commonwealth already dedicates substantial surtax revenue to K-12 programs. The amendment was defeated by roll call. Tarr also offered amendments on a safety valve for surtax revenue declines, equity analysis of surtax allocations, bond covenant requirements, and Chapter 62F taxpayer protections; those were not adopted. The Senate also adopted a separate amendment on AP credit policies at public higher education institutions, though the transcript reflects some procedural confusion around that vote. After completing amendments, the Senate ordered the bill to a third reading and then passed it to be engrossed by a recorded vote of 38-0. Senators then adopted several extension orders giving committees additional time to report on pending bills, including Environment and Natural Resources and Municipalities and Regional Government. The chamber also adopted an order to meet again the following Monday at 11 a.m. The session concluded with a unanimous memorial adjournment in honor of Bolton Police Chief Luke Hamburger, followed by a brief statement recognizing Rare Disease Day and the challenges faced by patients seeking diagnosis and treatment.

Transcript Highlights:

• That section also includes a broad surety bond mandate.
• That section also includes a broad surety bond mandate.
• . bonds. bonds.
• <00:51:03.680> These securing a surety bond. These securing a surety bond.
• sections and I'm seeing the surety bond sections and I'm seeing the surety bond part<00:58:59.760

Keywords: 1187, senate, all

Transcript Highlights:

• <00:01:37.920> council five underwriter and bond council five underwriter and bond council
• but perhaps it was that it was bonded but perhaps it was bonded<00:32:11.840> and<00:32:12.000
• Um so bonded and then drawn from that.
• how are we going to repay the bond? how are we going to repay the bond? >> Yeah.
• It's the It's the uh bond phase two. It's the It's the uh bond pool. pool. pool.

Keywords: 0:00:02 Call to Order and Roll Call 0:00:30 Approval of Minutes 0:00:49 Information Items 0:01:54 Louisville Arena Authority 0:24:50 Project Rpt from Postsecondary Institutions - MSU 0:26:35 Project Rpt from Finance and Admin. Cabinet 0:37:52 Lease Rpt from Finance and Admin. Cabinet 0:40:13 Rpt from OFM – KIA 0:56:00 Rpt from OFM – EDF Grants 0:58:45 Rpt from OFM – OFM 1:01:46 Adjournment, 958, all

Summary: The committee first handled routine business, including a roll call, approval of the prior meeting minutes, and a set of informational reports. Those reports covered University of Louisville research equipment purchases, a Kent County school district debt issue for elementary school renovations, the University of Kentucky’s planned use of construction management risk for a new engineering building, APA certification reports for underwriter and bond counsel selection committees, and a KCNA status report on infrastructure upgrades and purchases. The main presentation was an informational update from the Louisville Arena Authority. Board representatives said the arena was created to drive economic development and reported about $1.4 billion in economic impact from 2010 to 2013. They explained the authority’s financial structure, including arena operating revenues, TIF revenues, debt service, and a long-term capital plan for major repairs and replacements. Members questioned the low net revenue figures, the long timeline before TIF revenues are projected to exceed debt service, the size of capital expenditure spikes, and the University of Louisville revenue-sharing arrangement. The authority said the $2.42 million annual UL payment is fixed under a 2017 refinancing agreement, while other amounts vary with ticket sales and related revenues. They also said the COVID-era state and Metro funds, combined with authority cash, were used to prepay debt and reduce interest, lowering the debt service schedule. The committee then considered and approved a new capital project for a new HVAC system for the student wellness center pool area. The project, presented by university staff, was approved by the board and required committee action. The committee took a roll call vote, and the project passed unanimously. Finally, Janice Thomas of the state budget office presented two tourism, arts, and heritage cabinet grid resilience projects at Kincaid Lake State Resort Park and Kentucky Down Village State Resort Park. Each project costs $7,834,600 and is funded mostly by a federal grid resilience grant, with the remainder from state utility infrastructure replacement funds and energy policy funds. Staff explained that the projects will move park electrical service ownership and maintenance to regional utilities, allowing the state to exit the infrastructure-management role while continuing to pay utility bills through normal metering. The committee approved the action item by voice vote.