Transcript Highlights:

• In Kansas City, we did not bond.
• for repayment for those bonds.
• Half of the project was bonded for, so there was one— Half of the project was bonded for.
• The one thing I will add is that we have not been able to issue those bonds yet because bond counsel
• We talk to highway patrol.

Committee: House Budget

Keywords: 959, house, all

Transcript Highlights:

• called conduit bonds.
• called conduit bonds.
• </c> that would be called conduit bonds. that would be called conduit bonds.
• </c> to the highway patrol. to the highway patrol.
• </c> Highway Patrol. Highway Patrol.

Keywords: MS House Floor - 5 March, 2026; 10:00 AM, 925, all

Transcript Highlights:

• </c> The state highway system is 2700 miles. The state highway system is 2700 miles.
• This budget has a 2.7% increase for town highway aid, so that's the town highway aid piece in public
• Transportation infrastructure bonds are just what they sound like: bonds from which the proceeds are
• </c> bonds for FY 2028 and 2032. bonds for FY 2028 and 2032.
• </c> bond fund is only um is a single bond bond fund is only um is a single bond fund<02:09:14.000><c

Keywords: 927, senate, all

Transcript Highlights:

• Ability to have improvement bonds.
• And the Clean Water Program has about 70% revenue bonds and 30% improvement bonds.
• Now, understand that you have to raise the highway before the water gets to the highway because you've
• don’t have federal dollars to do stuff off the highway to protect the highway.
• we don't have federal dollars to do stuff off the highway to protect the highway.

Committee: Joint Water Topics Overview Committee

Keywords: 908, all

Transcript Highlights:

• When the acquisition and construction costs have been paid and all bonds are either retired or fully
• they seek to reconfigure a highway when they want to come in and add toll lanes.
• Um, this would be legalized highway robbery in our view and double taxation.
• Highways are becoming cost prohibitive to expand and maintain.
• Additionally, investments in highway infrastructure yield high return.

Committee: House S/C on Transportation Funding

Transcript Highlights:

• debt service as a result of $100 million in additional trunk highway bond authorization on the Senate
• </c> and that's from the trunk highway fund. and that's from the trunk highway fund.
• </c> amount to the county state aid highway amount to the county state aid highway fund.<00:25:12.640
• highway bonds for state million in trunk highway bonds for state road<00:36:27.800><c> construction</
• </c> jurisdiction of a of a trunk highway. jurisdiction of a of a trunk highway.

Keywords: 1187, senate, all

Transcript Highlights:

• And this bonding package, we've seen other bonding, or not bonding, I'm sorry, we've seen other trust
• We just did a great job of passing a bonding bill, $1.5 billion.
• We are required by Federal Highway to have this certification program.
• We're talking striping miles of highway.
• Chair, Representative, is that these highway projects are so crucial to our state, These highway projects

Summary: The committee first took up HB 322, as amended, which would create a transportation trust fund and transportation program fund. The sponsor explained that the amendment removed a proposed 1% gross receipts tax on electricity sales, while leaving the broader financing structure in place, including a $400 million seed appropriation and future transfers from motor vehicle excise tax revenues into the new funds and related road accounts. Associated Contractors of New Mexico and the Asphalt Pavement Association testified in support, and there was no opposition. The committee adopted the amendment and then passed the bill on a do-pass vote. The committee then heard HB 270, a public works/apprenticeship bill that would require contributions to approved apprenticeship and training programs or the Public Works Apprentice and Training Fund for certain public works projects, while preserving a zero contribution rate where no approved program exists for a classification. Supporters, including union carpenters, electrical workers, and building trades representatives, argued the bill would close loopholes, expand training opportunities, and strengthen the workforce. Opponents, including utility contractors, highway contractors, and Associated Contractors of New Mexico, argued it would raise project costs, duplicate existing federally approved training programs such as TTCP, and unfairly require payments from contractors who already train workers in-house or cannot access approved programs. Members debated whether the bill would affect existing in-house programs, rural access to training, and whether the language conflicted with existing law. An amendment to limit the bill to projects of $50 million or less was tabled, and the committee then passed HB 270 on a 6-5 do-pass vote. After the bill vote, the committee received a District 3 New Mexico Department of Transportation presentation covering project status, funding, and equipment needs in Bernalillo, Valencia, and parts of Sandoval and Socorro counties. DOT staff reviewed completed and upcoming maintenance and STIP projects, local government and school district cooperative projects, and equipment requests. Members asked about delays on the Rio Bravo Bridge project, which DOT said were caused by utility coordination issues, and about the I-25/Gibson interchange, which remains in design and development with later-year funding anticipated. The presentation also addressed specific local projects such as Paseo del Norte and Paseo del Volcán.

Transcript Highlights:

• Wouldn't that have we issued trunk participation or highway appropriation bonds?
• I got way highway appropriation bonds?
• So, general fund-supported general obligation bonds, trunk highway fund general obligation bonds, and
• So, general fund-supported general obligation bonds, trunk highway fund general obligation bonds, and
• So, general fund-supported general obligation bonds, trunk highway fund general obligation bonds, and

Committee: Senate Capital Investment

Keywords: 1187, senate, all

Transcript Highlights:

• bonds, 21%.
• And the Clean Water Program has about 70% revenue bonds and 30% improvement bonds.
• And the clean water program has about 70% are revenue bonds and 30% are improvement bonds.
• Now, understand that you have to raise the highway before the water gets to the highway because you've
• we don't have federal dollars to do stuff off the highway to protect the highway.

Summary: The Water Topics Overview Committee met to receive interim status updates on several water-related studies and Department of Water Resources projects. The committee approved the March 26, 2026 minutes, observed a moment of silence for the late Representative Conmy, and then heard updates on the watershed management study and the stormwater/wastewater study. Staff reported that the committee had already received the testimony contemplated in the study plans, including input from state agencies, local governments, and out-of-state entities, and that any further action would be at the committee’s discretion. The Department of Water Resources then provided project and budget updates on NAWS and the Southwest Pipeline Project. Reese reported NAWS is expected to serve about 81,000 users, with a total projected cost of about $571 million and about $96 million remaining, while the Southwest Pipeline Project is estimated at $1.06 billion total with about $409 million remaining. Members asked about funding sources, capacity needs, and whether current and future construction is being designed for increased demand; department staff said current work is designed for ultimate capacity, but some future components may need redesign based on new requests. The committee also discussed local cost shares, Minot’s role in NAWS funding, and whether the system is adequate for peak demand. A major portion of the meeting focused on the department’s cash management, carryover, and long-term water funding outlook. The department said Resources Trust Fund revenues are tied to oil extraction taxes and are affected by stripper well exemptions and future oil price declines. Members expressed concern about large carryover balances and whether the state is obligating more money than can realistically be spent in a biennium. The department reported about $340.6 million in remaining carryover and said it is trying to reduce that through a two-tier pre-construction/construction process and closer project vetting. The department also summarized the Deloitte studies on regional governance and finance and on cost-share policy. Stakeholders generally favored keeping the current governance structures for NAWS and Southwest with improvements, while Red River stakeholders leaned toward a different option; the department said it will bring an implementation plan back in September. On cost share, Deloitte’s recommendations would reduce some percentages, prioritize projects differently, and use other measures to close a projected long-term funding gap. Members debated affordability, local burden, deferred maintenance, and whether statutory changes may be needed to allow the commission more flexibility in prioritizing and funding projects. No formal votes or final actions were taken beyond approving the minutes and receiving the updates.

Transcript Highlights:

• Trunk highway projects could easily eat up the $700 million bonding maximum capacity authority.
• 10 on Highway 65.
• The highway don't care if you're alone. The highway won't dry your tears.
• The highway don't need you here." The highway don't care if you're coming home.
• And so some people might not like the highways, because the highway don't care.

Transcript Highlights:

• In fiscal year 2025, the Bond Commission managed 55 series of bonds, totaling $6.5 to $6.6 billion in
• In fiscal year 25, the bond commission managed 55 series of bonds, totaling $6.5,6.6 billion in principal
• Um, Amedee, just one quick question in regard to the bond rating.
• And so, but Highway 80 had been 19 years.
• litter... a donation to pick up a segment of highway litter along a segment of highway.

Committee: House Appropriations

Summary: The committee first heard the House Fiscal Division’s FY 2027 budget presentations for the State Treasury, Public Service Commission, Department of Civil Service, and Department of Agriculture and Forestry. Treasury’s recommended budget was about $15 million with 74 positions, funded largely by self-generated revenue. Treasury staff highlighted strong investment returns, record unclaimed property recoveries, a new ACH option to speed and reduce the cost of payments, a School Transparency portal that helped uncover questionable school spending, and a new online portal that has sped up processing of cooperative endeavor agreements and related payments. Members praised the transparency work and faster payments, and asked about bond ratings, CEA oversight, and the public accessibility of the transparency site. The Public Service Commission’s FY 2027 budget was presented at $11.5 million, entirely self-generated, with most spending on personnel; commissioners said salary and market adjustments were needed to address heavy attorney and auditor turnover. Civil Service’s FY 2027 budget was presented at $28.7 million, with major funding from interagency transfers and general fund, and officials explained recent pay-plan and special entrance rate changes intended to improve recruitment and retention across state agencies. Members asked how those compensation changes were developed and whether market studies supported them. The Agriculture and Forestry budget was presented at $91.4 million, with major funding from statutory dedications, general fund, and federal dollars, and the commissioner described severe pressure on farmers from low commodity prices, drought, freezes, wildfires, storm damage, and labor shortages. The Agriculture and Forestry discussion was the longest and most detailed. The commissioner said the state is working to expand markets, reduce costs, and help farmers through federal assistance, while also seeking more equipment and fuel for wildfire response after a severe fire weekend and ongoing drought conditions. Members raised concerns about storm-damaged timber, soil and water conservation funding, and the loss of federal dollars that depend on local technicians. The commissioner explained the wildfire suppression subfund, the role of severance taxes, and the limits of current firefighting equipment and staffing. He also discussed the seafood sector, especially shrimp and crawfish, saying imported seafood, currency changes, tariffs, and H-2B worker shortages are hurting Louisiana producers and processors. He said the department is testing imported seafood for antibiotics, wants more authority to hold contaminated product, and is pursuing legislation to support seafood promotion and testing. Members also asked about wood chips, rail transport, timber severance reporting, and incentives for wood pellet use, and the commissioner said the department is exploring new markets, including overseas buyers for wood and agricultural products. No formal votes or bill actions were taken in the portion provided; the meeting consisted of budget presentations, agency testimony, and member questions and comments. The tone throughout was supportive of the agencies’ work, with repeated praise for Treasury’s transparency efforts, Civil Service’s compensation reforms, and Agriculture and Forestry’s advocacy for farmers, foresters, and seafood producers.

Transcript Highlights:

• We've got about 30 almost 31,000 lane miles of highway.
• We've got to have a highway system statewide.
• So, we're going to have to have a new highway bill.
• What percentage of solicitations do you send out that need to be bonded with a performance bond?
• That's where you get into the performance bond, if you would.

Committee: House Appropriations and Budget

Keywords: 914, all

Transcript Highlights:

• It's approved by the Federal Highway Administration and by NMDOT.
• Like, would you have the bonding capacity for House Bill 145 if this bill does not pass?
• Okay, we just had a discussion on bonding. And I'm sure everybody in the room understands bonding.
• What I'm proposing with this bill is to Cash app deal, to use cash to build highways.
• How important is it for you to have your highways? How important could we do this?

Committee: Senate Senate Tax, Business & Transportation

Transcript Highlights:

• Senate Bill 2 is amended, the State Highway Project Bonds, Senator Gonzalez and Senator Munoz.
• So on a $350 million bond package, the payment on a 20-year bond is $53 million a year.
• the bonds that we already have, and the bond market was at 2%.
• So you can buy 10- or 20-year bonds, five-year bonds.
• You can buy 10- or 20-year bonds, five-year bonds, and you can sell that in the market.

Keywords: 996, all

Transcript Highlights:

• Another $157 million is made up of other funds such as appropriation bonds, trunk highway bonds, trunk
• funds. highway bonds, trunk highway cash, and highway bonds, trunk highway cash, and general<00:20:04.080
• </c> bond debt service for future bonding bond debt service for future bonding bills<00:25:28.159><c>
• </c> eligible for bonding. eligible for bonding.
• a bonding bill.

Committee: Senate Capital Investment

Keywords: 1187, senate, all

Transcript Highlights:

• The budget package this year consists of three bills: the supplemental budget bill, bond proposal, and
• On preservation, we are focused both on preservation and maintenance of our state highways and our state
• On safety, we're focused on making sure that we reduce fatalities on Washington's highways.
• , new bonding, and $1.1 billion.
• and the safety of our highways.

Summary: Senate Transportation Committee Chair Marko Liias and Ranking Member Curtis King presented the Senate transportation budget package, describing three bills: a supplemental transportation budget, a bond proposal, and a resources bill with technical updates to last year’s law. They said the package prioritizes preservation and maintenance of highways, bridges, ferries, and flood-damaged infrastructure, along with safety investments such as additional funding for preservation-related safety work, State Patrol staffing, and tribal traffic safety. They also emphasized job creation from infrastructure spending and said the plan uses no new taxes, relying instead on bonding and existing revenue changes. The senators highlighted several major elements, including about $1.7 billion for preservation over six years, $1.1 billion in bonding, a $400 million reserve for cost increases, funding to complete the first three new ferries, disaster relief loans for local transportation agencies, Columbia River dredging, and funding for the Fairfax Bridge and related alternate routes. The resources bill would create a mobile driver’s license program, dedicate a portion of future sales tax revenue to ferry operations, and repeal the luxury aircraft tax while replacing it with higher aviation fuel taxes and annual registration fees. They said the ferry system still needs more vessels beyond the first three, but they want more study before committing to a longer-term procurement plan. In response to questions, the senators said WSDOT will determine specific preservation project priorities, including paving and bridge work, and that the budget does not add new passenger-only ferry operating money now that domestic ferry service has largely been restored. They also said the package includes studies on leasing hydrogen ferries and updating the in-state shipyard bid credit, and that flood recovery funding was structured to help local governments repair roads now while waiting for possible federal FEMA reimbursement. No votes were taken in the transcript; the discussion was a budget rollout and question-and-answer session.

Transcript Highlights:

• The State Highway 302 at Ector County of the Trooper Calvin Ramirez Vasquez Memorial Highway to the Committee
• Johnson Memorial Highway for the Subcommittee on Defense and Veterans Affairs.
• HB 2041 by King relating to the criminal offense of passing certain vehicles on a highway.
• HB 2053 by Buckley relating to Texas Education Agency database of school district bonds, taxes, and bond-related
• HB 2061 by Holt relating to the designation of State Highway 242 bridge intersecting State Highway 59

Transcript Highlights:

• Um, but when we have 300 miles of state highway and we're 3,000 and we should be doing 300 a year and
• Um, so we agreed to put that additional money from the TIP bond fund over into paving section.
• aid is going to go into town highway aid is going to go into state<00:04:22.720><c> paving.
• <00:04:33.800><c> and</c><00:04:33.919><c> we're</c> highway and we're highway and we're 3,000<00:04:
• fund over into money from the tip bond fund over into um um um paving<00:04:47.480><c> section.

Keywords: 926, house, all

Transcript Highlights:

• It is for the Transportation Cabinet, Department of Highways.
• </c> funds from the national highway funds from the national highway performance<00:07:34.479><c> program
• Highway 127 South.
• I have three KHC multifamily conduit revenue bonds.
• I have three KHC multifamily conduit revenue bonds.

Keywords: 00:13 Call to Order and Roll Call 01:00 Election of Co-Chairs 03:38 Approval of Minutes 04:09 Information Items 05:55 Project Rpt from Finance and Admin Cab 12:13 Lease Rpt from Finance and Admin Cab 17:48 Ky Infrastructure Authority 28:50 Economic Development - EDF Grants 32:50 Ofc of Financial Mgmt 36:30 SFCC Debt Issues 40:50 Adjournment, 958, all

Summary: The committee first reorganized by electing new co-chairs for the Capital Projects and Bond Oversight Committee: Senator Fanny Fromom? as Senate co-chair and Representative McPherson as House co-chair, both by acclamation. The committee then approved the minutes from the prior meeting and received quarterly capital project status reports from the Administrative Office of the Courts, Finance and Administration Cabinet, and postsecondary institutions. Those reports noted University of Kentucky equipment purchases, several school districts planning general obligation and revenue bond issues, a notification of non-approval for PR 3567, and Kentucky Community and Technical College System asset preservation projects. Kevin Cardwell of the Finance and Administration Cabinet reported two action items: a $5,100 federal-funded Transportation Cabinet renovation of the Rowan County east and westbound rest areas, and a $1 million federal fund increase for the Capitol City Airport terminal building project, bringing the total federal support to $10 million and reducing the need for restricted funds. The committee also received a no-action report on a $1,363,000 Kentucky State University exterior repairs project funded through the 2024 asset preservation pool. Both action items were approved unanimously after roll call votes. The committee approved four lease renewals presented by Natalie Bronner for Cabinet for Health and Family Services locations in Bell, Lee, and Clay counties, plus a parking lease for the Department of Corrections in Jefferson County. Members asked about lease pricing and were told renewals must remain at existing terms and conditions. The committee then approved a $57,000 Kentucky WATS emergency grant for Wood Creek Water District to cover part of arrears tied to the City of Livingston; members discussed the city’s audit delinquency, possible regional water/sewer solutions, and concerns about rates and private involvement, but the grant was approved. Finally, the committee approved a $1 million line-item water grant to the City of Williamsburg with no action required, three Economic Development Fund grants for Bell, Franklin, and Shelby counties totaling $8 million in state support for site acquisition and infrastructure work, and five SFCC-supported school debt issues for Elizabethtown Independent, Erlanger Independent, Boyd County, Henderson County, and Union County. The school projects included middle school, high school, and vocational school renovations or new construction, and members requested a breakdown of the space funded by the debt. All action items were approved, and the meeting adjourned.

Transcript Highlights:

• have sold some of the bonding packages and some of those bond proceeds for.
• and use that new revenue to pay back bonds.
• or sponge bond capacity at all.
• Called the border highway connector. Right.
• Yeah, the border highway connector, right? Mr.