Transcript Highlights:

• Adding to the anticipated two and a half million dollars plus Ms.
• But, you know, I think the offered tool is SBA loans.
• And none of them were a direct hit.
• So once again, we were spared a direct hit as we were for Hurricane Ian.
• We did see some issues with our 55 plus communities.

Transcript Highlights:

• </c><00:31:43.720><c> Capital</c> additional $8 million in loan Capital additional $8 million in loan
• Part of how we raise our loan capital is, of course, looking at what our loan volume is coming in.
• </c> will imagine 400 500 ughs that's plus will imagine 400 500 ughs that's plus our<01:11:27.320><c>
• > assist</c> received direct direct funding to assist received direct direct funding to assist lwi<01
• </c> funders emerges seeking a direct funders emerges seeking a direct appropriation<01:40:51.400><c>

Committee: Senate Jobs and Economic Development

Transcript Highlights:

• local tax deduction to $40,000 from the current $10,000, and the deduction of interest on new car loans
• The only thing we didn't do is a loan provision, and I can talk about that temporary provision and why
• So, you know, it's only for purchases of new cars with loans.
• “Try to additionally direct the DOR? When it comes to tax. Madam Whip, Mr.
• “The governor put out in November because it’s a press release, it’s a direction, it’s a wish list.

Summary: The caucus focused on HB 2153, a tax conformity bill that would align Arizona tax law with the Internal Revenue Code as of January 1, 2026, including retroactive provisions for tax year 2025. Staff explained that the bill excludes three federal provisions: the additional $6,000 senior deduction, the higher SALT deduction, and the deduction for interest on new car loans. It also adds several Arizona-specific changes, including a $6,000 deduction for certain retirement distributions for taxpayers 65 and older, a $6,000 deduction for Roth IRA contributions, an increase in the dependent tax credit from $100 to $125, and a deduction for child and dependent care expenses above the federal credit. JLBC estimated a negative fiscal impact of $441.3 million in the first year, declining over the next two years. Chairman Livingston argued the bill was needed immediately because the Department of Revenue had already issued tentative forms assuming full conformity, creating confusion for taxpayers and businesses. He said the governor’s earlier direction and the department’s forms were not coordinated with the legislature’s approach, and warned taxpayers and businesses not to file until the issue was resolved. He also said the bill would help small businesses by preventing mismatched state and federal rules, especially on deductions and vehicle expensing, and emphasized that many Arizona businesses would otherwise face two sets of books. Members asked about the practical impact on small businesses and the department’s forms. Livingston and staff said Arizona has about 700,000 small businesses, most with 19 or fewer employees, and that the department’s forms largely reflected full conformity except for a worksheet tied to the governor’s requested changes. Staff explained the difference between “simple conformity” and “full conformity,” noting that some federal provisions occur “below the line” and require explicit state law. The committee also discussed the child care provisions as a new Arizona deduction and a separate increase in the child care credit. No vote was taken, and the meeting adjourned before floor session.

Transcript Highlights:

• week for 10 years, their loan is forgiven.
• So then if the loan is forgiven, Madam Chair, then if the loan is forgiven, that doesn't—the anti-donation
• If they're staying for 10 years, the loan is forgiven.
• So then if the loan is forgiven, Madam Chair, then if the loan is forgiven, that doesn't, the anti-donation
• So they would get the 2.5% plus a 2% we call it a bonus for two years.

Committee: House House Government, Elections & Indian Affairs

Transcript Highlights:

• The industry supports over a hundred thousand direct and indirect jobs.
• It also provides 100,000-plus jobs for New Mexicans.
• Speaker, I'm directed... Clerk to read. Message from the Senate. Mr.
• public schools, and 9,000-plus teachers.
• students across New Mexico, 400 plus public schools, and that is, across New Mexico, 400 plus public

Bills: HM3 , HM11 , HM14 , HM15 , HM18 , HM21 , HB10 , HB11 , HB12 , HB13 , HB14 , HB31 , HB50

Keywords: nurses, health care workers, healthcare workers, frontline workers, hospital staff, clinicians, allied health professionals, support staff, public health, workforce shortage, nursing shortage, safe staffing, patient safety, rural health care, frontier communities, behavioral health, mental health, substance use disorder, substance abuse, health care memorial

Transcript Highlights:

• The state of Utah has done cloud seeding for 50-plus years, and they have been tracking this.
• You may find this hard to believe, but when offered between grants and loans, applicants prefer grants
• I'm sorry, my apologies: loans to grants, 60% loans, 40% grants.
• Through this fund, a water provider can ask for up to $3 million in a loan and up to $2 million in a
• There could be a direct conveyance, but that's going to be something that we continue to investigate:

Bills: HB2024 , HB2053 , HB2097 , HB2116 , HB2117

Committees: House Natural Resources, Energy & Water , House House Natural Resources, Energy & Water Committee of Reference

Keywords: water infrastructure finance authority, WIFA, water supply development, snowpack augmentation, cloud seeding, water augmentation, water financing, water infrastructure, Arizona water law, water conservation, groundwater recharge, stormwater recharge, reclamation and reuse, water rights, water supply projects, public-private partnership, long-term water augmentation fund, water provider, desalination, drought mitigation

Transcript Highlights:

• Bill 545 by Representative Riser, maximum charges by lenders, maximum origination fees on consumer loans
• ensure that those who are worshipping are free from disturbance and from other criminal activity directed
• ensure that those who are worshipping are free from disturbance and from other criminal activity directed
• circumstances outlined in the bill, which requires violent, tumultuous, or threatening behavior directed
• But it does seem, not seems, there is a direct connection from immigration protest in Minneapolis to

Bills: HR58 , HR59 , HR60 , HR61 , HR62 , HR63 , HR64 , HCR32 , HB43 , HB447 , HB573 , HB1000 , HB1001 , HB1002 , HB1003 , HB1004 , HB1005 , HR46 , HR48 , HR50 , HR51 , HR52 , HR53 , HR54 , HR55 , HR56 , HR57 , HCR31 , HB20 , HB21 , HB166 , HB494 , HB710 , HB795 , HB985 , HB986 , HB987 , HB988 , HB989 , HB990 , HB991 , HB992 , HB993 , HB994 , HB995 , HB996 , HB997 , HB998 , SB128 , SB149 , SB174 , SB191 , SB205 , SB213 , SB218 , SB220 , SB229 , SB238 , SB243 , SB375 , SB379 , HB8 , HB9 , HB10 , HB15 , HB16 , HB17 , HB18 , HB19 , HB22 , HB33 , HB34 , HB35 , HB44 , HB46 , HB47 , HB48 , HB61 , HB101 , HB126 , HB135 , HB142 , HB164 , HB185 , HB215 , HB226 , HB232 , HB233 , HB242 , HB284 , HB292 , HB297 , HB301 , HB334 , HB436 , HB468 , HB548 , HB571 , HB582 , HB593 , HB594 , HB609 , HB613 , HB712 , HB722 , HB732 , HB746 , HB781 , HB827 , HB845 , HB848 , HB921 , HB923 , HB951 , HB953 , HB999 , HB129 , HB130 , HB287 , HB489 , HB545 , HB553 , HB555 , HB570 , HB854 , HB952 , HB28 , HB36 , HB50 , HB52 , HB56 , HB62 , HB68 , HB92 , HB110 , HB117 , HB119 , HB124 , HB140 , HB147 , HB171 , HB182 , HB193 , HB196 , HB203 , HB228 , HB234 , HB260 , HB268 , HB271 , HB285 , HB289 , HB351 , HB400 , HB413 , HB469 , HB534 , HB551 , HB552 , HB574 , HB576 , HB634 , HB649 , HB677 , HB735 , HB739 , HB779 , HB784 , HB796 , HB842 , HB850 , HB919 , HB149 , HB733 , HB875 , HB868 , HB901

Keywords: waterfowl conservation, wetlands preservation, Ducks Unlimited, environmental stewardship, Louisiana, tennis, athlete recognition, family legacy, sports achievements, coaching, student parents, higher education, academic support, family stability, workforce equity, Homeland Security, federal funding, public safety, emergency services, TSA

Transcript Highlights:

• God, we ask You to give us wisdom, discernment, and direction, that in everything that we do, we represent

Bills: HR46 , HR47 , HR48 , HR49 , HR50 , HR51 , HR52 , HR53 , HR54 , HR55 , HR56 , HR57 , HCR31 , HB20 , HB21 , HB166 , HB494 , HB710 , HB795 , HB985 , HB986 , HB987 , HB988 , HB989 , HB990 , HB991 , HB992 , HB993 , HB994 , HB995 , HB996 , HB997 , HB998 , HR42 , HR43 , HR44 , HR45 , HCR22 , HCR23 , HCR24 , HCR25 , HCR26 , HCR27 , HCR28 , HCR29 , HCR30 , SCR13 , HB894 , HB983 , HB984 , SB19 , SB23 , SB26 , SB30 , SB39 , SB45 , SB46 , SB50 , SB51 , SB55 , SB69 , SB71 , SB73 , SB84 , SB85 , SB89 , SB96 , SB98 , SB101 , SB110 , SB148 , SB150 , SB160 , SB164 , SB303 , SB340 , HB28 , HB36 , HB50 , HB52 , HB56 , HB62 , HB68 , HB92 , HB110 , HB117 , HB119 , HB124 , HB140 , HB147 , HB160 , HB171 , HB174 , HB182 , HB193 , HB196 , HB198 , HB203 , HB228 , HB234 , HB237 , HB260 , HB268 , HB271 , HB285 , HB289 , HB316 , HB351 , HB393 , HB400 , HB413 , HB446 , HB469 , HB486 , HB534 , HB551 , HB552 , HB574 , HB576 , HB634 , HB649 , HB677 , HB735 , HB739 , HB779 , HB784 , HB796 , HB807 , HB842 , HB850 , HB919 , HB474 , HB487 , HB503 , HB606 , HB633 , HB707 , HB720 , HB728 , HB733 , HB846 , HB852 , HB856 , HB868 , HB875 , HB129 , HB130 , HB287 , HB489 , HB545 , HB553 , HB555 , HB570 , HB854 , HB952 , HB221 , HB148 , HB331 , HB149 , HB901

Keywords: HR 46, House Resolution 46, water well drillers, water wells, well drilling, driller licensure, licensing requirements, Department of Conservation and Energy, R.S. 38:3098.1, LAC 46.LXXXIX.507, professional references, two years drilling experience, workforce development, barriers to entry, water infrastructure, natural resources, groundwater, public health, state water resources, occupational licensing

Transcript Highlights:

• , I think it's in the chair's prerogatives that any discussion on the measure, members should be directed
• to the chairs here if be directed to the chairs here if there's<00:01:23.600><c> a</c><00:01:24.119>
• Failure to do so would be the homeowner's loan or mortgage at risk.
• Failure to do so would be the homeowner's loan or mortgage at risk.
• </c><00:20:58.200><c> that</c> south go in a direction that south go in a direction that um um um um<

Summary: The committee first took up SB 534, a measure concerning development in Kakaʻako Makai involving the Hawaii Community Development Authority and the Office of Hawaiian Affairs. The chairs explained that the hearing was decision-making only and no testimony would be accepted, though members could ask clarifying questions. The chair outlined amendments to clarify HCDA’s approval process, require an environmental impact statement before residential development proposals are submitted, require Department of Health documentation on hazardous substances, and specify that only OHA-owned parcels would be eligible for certain residential development with a 400-foot height limit and maximum floor area ratio of 10.0. The amendments also addressed affordability, owner-occupancy, association fees, and a special fund, while noting Attorney General concerns that the fee could be construed as a tax and suggesting further review by Judiciary and Ways and Means. Members discussed the affordability threshold, with one senator suggesting 160% AMI instead of 140% due to high housing costs and concern that essential workers could be priced out. Others raised concerns about Native Hawaiian affordability, the long-term effect of perpetuity restrictions, and whether the process would protect OHA’s interests. An HCDA representative said 140% AMI was used in existing reserve housing rules and that lower thresholds could make development economically infeasible. OHA and other supporters said the proposal was still early in planning and emphasized the need for public hearings, community input, and compliance with environmental and remediation standards. The committees voted to pass SB 534 with amendments: Water and Land approved it 4-1, and Hawaiian Affairs also adopted the chair’s recommendation, with one member excused and one voting no. The meeting then moved to SB 3, relating to water resource management. The bill would authorize the Commission on Water Resource Management to retain independent legal counsel, create an executive director position, allow challenges to emergency orders under certain conditions, establish fines for water use offenses, and revise emergency and shortage declaration procedures; Red Hill-related provisions were noted as removed from this version. Testimony was largely supportive, including from DLNR, the Board of Water Supply, OHA, and Sierra Club, with OHA stressing the measure’s importance to Native Hawaiian water rights and past litigation. A Department of Hawaiian Home Lands representative supported the bill with amendments and recommended explicit language directing the commission chair or designee to advocate for water rights and reservations for homelands. The chair indicated the committees would use the prior Senate-passed version as the basis for further action, and the discussion then moved on to SB 130, a search-and-rescue reimbursement bill.

Transcript Highlights:

• Proposition 98, settle-up obligations,... ...clarify that the Rainy Day Fund can be used for budget loans
• The ACA amendment does not make any direct changes.
• Well, it's 1.5 percent of the General Fund plus capital gains in excess of 8 percent of total General
• the main reason why I think that is because if we were going to pay for the unemployment insurance loan
• Well, I understand, if that was directed to me, I understand where that's going.

Transcript Highlights:

• HELP II loan program, which offers 0% loan financing.
• and every opportunity to repay their loans.
• loans are likely going to need to come in for loan modification.
• So as a reminder, the HCARF has provided three loans to the general fund: a $600 million loan that has
• There's also a $62 million loan that's projected to be repaid in 2027-28, and a $109 million loan that

Transcript Highlights:

• And that was our directive from the governor.
• And that was our directive from the governor in the very beginning, to make sure that prosperity wasn't
• green card holders, but we have direct relationships with lending institutions that will provide loans
• It was initially developed as a direct response to changes in employment law, specifically AB5, which
• Typically, we get 100, 100-plus applications. The significant majority—” “100-plus applications.

Summary: The subcommittee heard an informational update from the Governor’s Office of Business and Economic Development on the state’s Jobs First economic development strategy and related budget requests. Go-Biz described its regional planning process, priority sectors such as ag-tech, space defense, life sciences, and semiconductors, and requests including an extension of the CalCompetes tax credit, support for export promotion, additional film commission staff, innovation and emerging technology capacity, and a California brand campaign. Members questioned the campaign’s purpose, with some supporting efforts to counter misinformation about California and others warning it should not obscure regulatory and business-climate concerns. Go-Biz said the campaign would be nationally focused, could include business attraction efforts, and was intended to complement—not replace—policy work on permitting and workforce development. The item was informational only. The committee then heard from the California Office of the Small Business Advocate on the California RISE program, the Performing Arts Equitable Payroll Fund, and the Technical Assistance Program/Capital Infusion Program. CalOSBA reported that California RISE’s first round awarded $16.9 million to 61 employment social enterprises, which collectively increased revenue, secured contracts, and employed thousands of people facing barriers to work; a second round is being launched with a new administrator and expanded services. For the performing arts payroll fund, the office said all 100 awardees had been paid, but demand far exceeded available funding, and the program was oversubscribed within days. California for the Arts testified that the sector remains fragile after COVID and urged statutory changes to simplify eligibility and stretch dollars further. SBDC representatives described TAP/SIP as a statewide network supporting small businesses, capital access, and disaster recovery, emphasizing their role in underserved communities and the leverage of federal matching funds. Committee members focused on whether these programs produce durable outcomes and reach smaller or disadvantaged businesses. Questions centered on long-term job retention in California RISE, outreach to ethnic and community media in the civic media program, and whether TAP/SIP are accessible to entrepreneurs with limited capital or capacity. CalOSBA and its partners said they rely heavily on local community organizations for outreach, provide one-on-one counseling and training, and are working to collect more longitudinal data. The committee also discussed the film and television tax credit program, for which Go-Biz requested funding for three permanent positions and ongoing program support. Film Commission staff said the expanded program is tracking demographic and career-pathway data, with most productions opting into new diversity provisions, and that a formal report to the Legislature is expected in 2027. The item concluded without a vote, as the hearing was for oversight and budget discussion.

Transcript Highlights:

• ><c> family</c> condominiums or 15 plus single family condominiums or 15 plus single family homes<00:
• It's called a participation loan or a participant in a loan.
• </c><01:09:46.239><c> And</c> loan or a participant in a loan. And loan or a participant in a loan.
• Uh, many banks will have loan committees and loan review.
• . loans. loans.

Summary: The committee first held a public hearing on Senate Bill 25, which would allow state-chartered credit unions to compensate board members if the membership approves it. Prime sponsor Senator Dan Innis said the bill is enabling only, intended to help credit unions recruit and retain qualified directors and align New Hampshire with other states that already allow such compensation. Credit union representatives from the Cooperative Credit Union Association and St. Mary’s Bank supported the bill, saying board service has become more complex because of cybersecurity, asset-liability management, and other regulatory demands, and that compensation could be modest and take forms such as meeting fees or educational reimbursement. In response to committee questions, they said compensation would be set by the membership, disclosed in advance, and subject to bylaws and internal policies; they also noted that board members must be credit union members and that voting procedures vary by institution, with some using mailed ballots rather than proxy voting. Members raised questions about why credit union boards were historically excluded, what kinds of compensation were contemplated, whether there would be a cap, and how voting and confidentiality would work. Testimony explained that the historical rationale was the nonprofit, volunteer mission of credit unions, but witnesses argued that the modern environment and competition for talent justify a change. They also said the bill would not mandate compensation and would not create a salary structure comparable to banks, but would allow members to approve modest compensation or reimbursements. After no further testimony, the chair closed the public hearing on Senate Bill 25. The committee then opened a public hearing on Senate Bill 26, sponsored by Senator Howard Pearl, concerning the definition of deposits in land sales and escrowed accounts. Pearl said the bill would clarify that buyer funds for upgrades and luxury items in new-home construction are not treated as refundable deposits that must be held in escrow, arguing that the current Attorney General interpretation raises builder costs, increases home prices, and can limit buyer choices. He said the proposal would allow those upgrade funds to be paid directly to builders for construction, with signed disclosures making clear that the buyer requested the items and bears the risk if financing falls through. The hearing on Senate Bill 26 had just begun when the transcript ended.

Transcript Highlights:

• Or somehow incentivize code-plus building.
• Protecting the loans they've made.
• We are the largest state for Ginnie Mae loans.
• all of our costs, direct and indirect.
• Once the hook is set, the criminals direct the victim to a nearby CVC kiosk, but not before directing

Committee: Senate Business & Commerce

Transcript Highlights:

• And that was a direct request from the chair for staff to come up with a scenario.
• How does line 184, the rural infrastructure revolving loan fund for loan-to-zones water, how does that
• How does line 184 to the rural infrastructure revolving loan fund for loan to zones?
• Chair and Madam Presenter, I'd like to direct your attention to page 22, line 295.
• tax plus fees, plus this, plus that.

Committee: House House Appropriations & Finance

Transcript Highlights:

• They also had a direct appropriation for this project.
• They also had a direct appropriation for this project. well fund.
• And they also had a direct appropriation for this project.
• There are no direct capital costs.
• There are no direct capital costs.

Bills: HB2330 , HB2338

Committee: House Capital Budget

Keywords: energy systems, capital funding, state campus, school infrastructure, sustainability, weatherization, energy efficiency, community projects, environment

Transcript Highlights:

• </c> industrial bank or industrial loan industrial bank or industrial loan company<00:42:03.040><c> has
• </c> the coins will sell at a at a cost plus the coins will sell at a at a cost plus premium. premium
• </c> emergency loan program. emergency loan program.
• </c> out and file on a UCC on small loans. out and file on a UCC on small loans.
• </c> Loan, places like that? Loan, places like that?

Transcript Highlights:

• And we have approved a loan program for some struggling hospitals in California—loans, not grants.
• How did you folks determine the fact that grants would be available for these clinics, but not a loan
• How did you folks determine that these hospitals with these closing maternity wards are getting loans
• But why a grant and not a loan, per se?
• They're getting loans. That would have otherwise received any kind of federal funding.

Committee: Senate Budget and Fiscal Review

Transcript Highlights:

• The state could have a fund, a revolving loan fund where we offer zero-interest loans to people to get
• ... ...a revolving loan fund where we offer zero-interest loans to people to get through these emergencies
• But I'm a direct product of this.
• I'm a direct product of this.
• And if we are going to go the loan route, it needs to be low-interest loans.

Summary: The joint Senate and Assembly labor committees held a hearing on the Los Angeles wildfires and their impact on workers, employers, and recovery efforts. Chairs and members emphasized that rebuilding should prioritize worker safety, equity, local hiring, and strong labor standards rather than simply moving quickly or relying on the lowest bidder. They also stressed the need to learn from past disasters and to create a more coordinated state response for future emergencies. Worker advocates described how domestic workers, day laborers, firefighters, and other frontline workers were affected by the fires. Testimony focused on workers being trapped in evacuation zones, lacking timely information in Spanish, losing jobs and income, and facing exposure to toxic debris without adequate PPE. Speakers called for expanded outreach and education, stronger Cal/OSHA enforcement, broader occupational safety coverage for domestic workers and day laborers, recall and transfer rights, childcare and transportation support, and a centralized disaster relief system that can quickly deliver cash aid and equipment regardless of immigration status. Firefighter Derek Irwin said California firefighters face serious carcinogenic exposure and urged continued funding for the firefighter cancer prevention and research program, along with a long-term state health monitoring and research effort similar to the World Trade Center Health Program. Building trades and labor representatives argued that cleanup and rebuilding should be done through community workforce agreements, prevailing wage, apprenticeship requirements, and local hire provisions, and said the state already has trained workers available. They also said federal debris-removal work through the Army Corps has limited the state’s ability to impose some standards, but that state and local funding or subsidies should trigger labor requirements. Employer and business representatives described major losses to property, inventory, revenue, and jobs, especially in Altadena and nearby areas. The Altadena Chamber said it is coordinating recovery resources, while a construction business owner said small local firms are being shut out of disaster contracts and proposed a more accessible procurement process for local and minority businesses. LAEDC presented preliminary estimates of billions in property damage and business disruption, tens of thousands of potential job losses, and a recovery timeline of five to ten years, warning that low-income communities will be disproportionately affected and that workforce retraining and upskilling will be needed alongside the broader economic recovery.

Transcript Highlights:

• Established in 1996, the charter school revolving loan fund provided low interest loans up to $250,000
• The loan program does not encourage or discourage charter schools.
• from the Charter School Revolving Loan Fund.
• The word inhumanity is a direct quote actually, you got the Ed.
• I think it's definitely a step in the right direction.

Committee: House Education