Video & Transcript Research : 'loan programs'
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MN
Minnesota 2025-2026 Regular Session
House Workforce, Labor, and Economic Development Finance and Policy Committee 3/4/26
Workforce, Labor, and Economic Development Finance and Policy
Transcript Highlights:
- dollars between the loan program and the grant program.
- 20.800>
uh there was also a loan program created uh there was also a loan program created uh that - loan program and the dollars between the loan program and the grant<00:14:50.800>
program. - And then, just jumping to the Promise loan program, the Promise loan program has been a little slower
a the loan the loan program and starting a the loan the loan program and starting a business<
Summary:
The committee met on March 4, 2026, and focused almost entirely on an update and oversight discussion of the Promise Act, including its grant and loan programs. The chair opened by explaining that the committee wanted to better understand how the 2023 law was implemented, how funds are still being deployed in greater Minnesota and the metro, and whether adjustments made in 2024 and 2025 were working as intended. The minutes from March 3 were approved at the start of the meeting.
Deputy Commissioner Kevin McKinnon of DEED outlined the program’s legislative history, funding structure, eligibility rules, and oversight process. He said the grant side has about $94 million available, with $16 million going to the Minnesota Initiative Foundations and $86 million to the Neighborhood Development Center, plus administrative and technical assistance set-asides. He noted legislative changes over time, including shifting the revenue eligibility test to the prior year, adding a home-office deduction requirement for businesses using a home address, and maintaining a preference for applicants who had not received more than $10,000 in prior state assistance. McKinnon said about $22 million had been awarded to 35 businesses at the time of the update, and that the loan program has $30 million appropriated, with about $9.5 million lent so far. He also described the application, verification, audit, and payment process, emphasizing that partners handle intake and DEED conducts final review and random audits.
Shahir Ahmmed of the Neighborhood Development Center described the round-one and round-two grant process in more detail. He said NDC spent about nine months building the application platform, launched round one in June 2024, received more than 3,000 applications, and later paused awards while DEED and legislators clarified the law. He reported that 651 applications were approved in the first round for just under $9 million, and that round two launched in September 2025 with a goal of distributing up to $50 million in remaining grant funds. Ahmmed also explained the step-by-step applicant process, including email confirmation, eligibility screening, document upload, identity verification through Plaid, and final DEED review. He said applicants commonly use funds for payroll, equipment or inventory, rent, and utilities. The chair indicated there would be further testimony from other program partners and then member questions, but no votes or formal actions were taken on the Promise Act itself during this portion of the meeting.
MN
Minnesota 2025 1st Special Session
Cmte on Rules - Subcommittee on the Federal Impact on Minnesotans and Economic Stability - 11/13/25
Transcript Highlights:
- forgiven through this student loans forgiven through this program. program. program.
- <01:26:13.440>
programs financial aid and student loan programs financial aid and student - <01:29:28.480>
program After that time, the direct loan program After that time, the direct - c> not<01:30:13.840>
able federal loan program if they're not able federal loan program if - Um OHI than private loan programs.
NM
New Mexico 2025 Regular Session
IC - Legislative Health and Human Services Oct 7th, 2025
Legislative Health & Human Services Committee
Transcript Highlights:
- medical practitioner loan repayment programs.
- Loan repayment programs are in the state.
- and state loan repayment programs.
- And for our New Mexico State loan repayment program... loan repayment program, which supplements our
- We also have the CYFD E-Loan Repayment Program.
NM
New Mexico 2025 Regular Session
IC - New Mexico Finance Authority Oversight Jun 2nd, 2025
New Mexico Finance Authority Oversight Committee
Transcript Highlights:
- those loans.
- Um, that's that program. We are a AAA. Uh, bonded program.
- So we've been operating this program since 1994 when we made the first loan.
- lien, which allows us to fund new loans that don't typically meet our our standard program.
- So you'll see some, um, loan reports on those programs.
MN
Minnesota 2025 1st Special Session
House Higher Education Finance and Policy Committee 2/18/25
Higher Education Finance and Policy
Transcript Highlights:
- >
but <00:32:16.519>yeah our loan repayment programs um but yeah our loan repayment programs - So, the largest loan repayment program that we administer is the shortage loan repayment program.
- :47:14.760>
provides <00:47:15.079>loan program this program provides loan program this - >
first other loan repayment programs uh first other loan repayment programs uh first being<00 - repayment program this student loan repayment program this provides<00:48:22.440>
loan <00:48:
NM
New Mexico 2025 Regular Session
IC - New Mexico Finance Authority Oversight Sep 10th, 2025
New Mexico Finance Authority Oversight Committee
Transcript Highlights:
- Now that we have real capital in the program, we can make larger loans.
- We can make bigger loans and not just cap it at $50,000, which was the earlier program that Marquita
- The loans may not exceed 20% of the total capital that's in the program.
- The loan application will be on the ECCD website and temporarily on our website just to get the program
- We've made loans to child care centers through our commercial lending program.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 3 on Education Finance Mar 25th, 2025
Transcript Highlights:
- Budget proposal for a brand new program: it's a hundred and fifty million dollar loan repayment program
- We recommend rejecting the loan repayment program proposal.
- Public Interest Attorney Loan Repayment Program.
- Public Interest Attorney Loan Repayment Program.
- We would call it a loan repayment program.
US
US Federal 2025-2026 Regular Session
Hearings to examine risk management, credit, and rural business views on the agricultural economy, focusing on views from the field. Mar 11th, 2025 at 01:30 pm
Agriculture, Nutrition, and Forestry Committee
Transcript Highlights:
- like crop insurance and the FSA loan guarantee program to mitigate risk.
- Second, the FSA loan guarantee program allows lenders to make loans to farmers who may not qualify for
- for pre-approved for direct farm ownership loans, and also pilot loan programs to help start-up costs
- limits for USDA loan programs.
- loans do not, some of the loan programs are still a barrier for young farmers to get into, like for
Keywords:
farm bill, rural economy, crop insurance, access to credit, young farmers, USDA funding freeze, agricultural policy, risk management
Summary:
The meeting of the agricultural committee focused on significant concerns regarding the current state of America's rural economy, highlighting the need for a strong five-year farm bill to address the challenges faced by farmers, particularly young and beginning farmers. Key testimony was given by multiple stakeholders including agricultural leaders and young farmers, emphasizing issues related to crop insurance, access to credit, and the adverse impact of recent USDA funding freezes. Various members discussed the necessity of risk management tools that farmers rely on to secure financing, which is crucial for sustaining agricultural operations and supporting rural communities. The importance of timely legislative action was underscored, as many farmers reported struggles in the current economic climate, raising urgency for reforms within the Farm Bill framework.
MN
Minnesota 2025 1st Special Session
Committee on Energy, Utilities, Environment and Climate - 03/03/25
Energy, Utilities, Environment, and Climate
Transcript Highlights:
- We also are partnering to leverage our state funding with the Loan Programs Office.
- We also are partnering to leverage our state funding with the Loan Programs Office.
- We also are partnering to leverage our state funding with the Loan Programs Office.
- Director: We also are partnering to leverage our state funding with the Loan Programs Office.
- Director: We would put up 20%, and the Loan Programs Office would put up 80%.
NM
New Mexico 2025 Regular Session
IC - New Mexico Finance Authority Oversight Sep 9th, 2025
New Mexico Finance Authority Oversight Committee
Transcript Highlights:
- the program.
- I sent mine to UNM for a program that I do every summer. It's a really great program.
- It can't exceed more than 10% of the loan. On an equipment loan, it can be 100%.
- program, and $5 million to a capital access program for very small businesses.
- So, that's kind of where we started with this program, and we'd like to continue to operate the loan
MN
Minnesota 2025-2026 Regular Session
Committee on Jobs and Economic Development - 02/26/25
Jobs and Economic Development
Transcript Highlights:
- Next, the bill aims to align with existing DEED small business loan programs by putting a hard limit
- Next, the bill aims to align with existing DEED small business loan programs by putting a hard limit
- Next, the bill aims to align with existing DEED small business loan programs by putting a hard limit
- The loan origination fee would be in addition to, and that is standard with all of the loan programs
- in the other loan programs that DEED offers.
HI
Hawaii 2025 Regular Session
CPN-PSM, CPN-EDT, CPN Public Hearing 02-05-2025
Commerce and Consumer Protection
Transcript Highlights:
- This measure establishes the condominium loan program and the condominium loan program special fund to
- <00:29:08.960>
program establishes the condominium Loan program establishes the condominium - Loan program and<00:29:09.600>
the <00:29:09.720>condominium <00:29:10.279>Loan - contract out the condominium Loan contract out the condominium Loan program<00:43:58.440>
to< - pay to support the this loan pay to support the this loan program<00:44:48.760>
you <00:44
Summary:
The committee opened by outlining testimony procedures and then heard SB 376 on tax credits, which would create a home fire safety improvement tax credit. Testimony from the Tax Foundation of Hawaiʻi urged that the concept would be better handled as a subsidy program and raised drafting concerns about unclear definitions and eligibility. Later, the committees agreed to pass SB 376 with amendments, including making the credit nonrefundable, clarifying third-party certification, deleting recapture-related language, and making technical changes.
Members then heard SB 417, which would make unlicensed contractor work during or within five years after an emergency or disaster a class B felony. The Contractors License Board was listed for comments, and the Subcontractors Association supported the measure. The committees ultimately recommended passage with technical, non-substantive amendments and an adjusted effective date, and the measure was adopted.
A substantial portion of the meeting focused on SB 782, which would require free and accessible voice communication services for incarcerated people and prohibit state agencies from profiting from those services, while also directing the PUC to set standards and providing funding for the SAVIN victim notification program. Supporters, including the Public Defender, ACLU of Hawaiʻi, Worth Rises, and others, argued the bill would reduce costs for families, improve reentry, and align adult corrections with the juvenile system. Opponents, including the Department of Corrections and Rehabilitation, the Hawaiʻi Paroling Authority, and SAVIN-related witnesses, warned that changing the funding structure could weaken victim notification and safety services. The committees deferred SB 782.
The committee also heard SB 999 on fireworks, which would repeal permissible consumer fireworks uses, impose civil penalties and forfeiture remedies, and create a forfeiture special fund for safety education. The Department of Law Enforcement and Honolulu Police Department supported the bill, while fireworks industry representatives and others opposed it, arguing prohibition would be ineffective and urging stronger enforcement and education instead. The committees deferred SB 999 for further consideration, and SB 1136 on insurance was also deferred after insurers and the Department of Commerce and Consumer Affairs opposed it. In the later joint session with the Committee on Economic Development and Tourism, SB 744 on condominium loans was heard with support from the Hawaii Green Infrastructure Authority and banking groups, while one testifier raised concerns that the program could function like C-PACE financing and add risky debt to condominium associations; testimony and discussion continued on that measure.
ND
North Dakota 2025-2026 Regular Session
Senate Appropriations - Human Resources Division Apr 10th, 2025 at 02:00 pm
Appropriations - Human Resources Division
Transcript Highlights:
- And then we had just talked about changing it into a loan fund, a low-interest loan fund.
- Changing it into a loan fund, a low-interest loan fund.
- We have the Clean Water SRF program, which does provide loans for wastewater projects.
- We have the Clean Water SRF program, which does provide loans for wastewater projects.
- And the way the—it's a federally funded program with a revolving loan fund program that's been in the
Bills:
SB2015
Keywords:
corrections, rehabilitation, prison budget, department of corrections, adult services, youth services, correctional facilities, Heart River correctional center, Missouri River correctional center, James River correctional center, minimum security facility, county jails, regional jails, deferred maintenance, capital construction, strategic investment and improvements fund, Bank of North Dakota, line of credit, tasers, body cameras
Summary:
The committee first discussed a wastewater infrastructure bill, centered on whether state support should be provided as a grant or through the existing Clean Water State Revolving Fund as a low-interest loan program. Department of Environmental Quality official David Brushwine explained that the SRF already finances wastewater projects, can leverage federal funds with state bond proceeds, and could accommodate the Washburn, Lincoln, and Peasant projects if they are ready to proceed. Members noted that losing federal grant support would make projects harder for local residents to afford because costs would be recovered through utility rates or special assessments, but the projects would still be eligible for loans. Senator Magrum indicated he would likely concur with the budget after this discussion, and the bill was set aside for later consideration.
The committee then turned to a proposed amendment for a four-plex housing project for people with disabilities or other special needs. Senator Mathern described Sections 7 and 8 as creating a design consultation appropriation and a revolving loan fund modeled on existing hospital and nursing home loan programs, while Section 9 would transfer $3.3 million from the state infrastructure fund. Members debated ownership, rent subsidies, repayment terms, and whether the state should finance the project directly or leave it to a private developer with Department of Human Services oversight. Concerns were raised that the state should not own the housing and that the proposal needed more work to be workable, but the committee ultimately reached consensus to adopt Sections 7 and 8 and leave out Section 9 for further conference committee discussion.
The committee also reviewed provider inflation and long-term care rate issues, with members discussing whether to support a 2% and 1.5% inflation adjustment and how to handle the $5-per-day basic care rate. Staff explained that the $5 payment was already in the base budget, but members debated whether it should remain ongoing or be treated as one-time funding and paired with a study of rate rebasing. The committee agreed to have draft language prepared to remove the $5 from the base budget and add study language, then moved the bill forward for drafting.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 1 on Health Mar 3rd, 2025
Transcript Highlights:
- We have one bond program, four loan programs, and four grant programs.
- Loan Program for health facilities.
- We have been very busy approving loans, which shows the success of our programs.
- As Treasurer Ma mentioned, we developed the FIRE loan program, a sub-program designed after our small
- HELP II loan program, which offers 0% loan financing.
KY
Kentucky 2025 Regular Session
Capital Projects and Bond Oversight Committee (2-25-25) - Upon Adjournment of both Chambers
Transcript Highlights:
- Next, under our fund-a program, the City of Scottsville fund-a loan is in the amount of $6,387,000.
- Next, under our Fund A program, the City of Springfield's Fund A loan is in the amount of $4,522,000.
- Moving to our Drinking Water State Revolving Fund Program Fund F, the City of Springfield's Fund F loan
- Moving to our Drinking Water State Revolving Fund Program Fund F, the City of Springfield's Fund F loan
- Moving to our Drinking Water State Revolving Fund Program Fund F, the City of Springfield's Fund F loan
Keywords:
00:01 Call to Order and Roll Call
00:30 Approval of Minutes
00:59 Information Items
03:34 Finance and Admin Cabinet
12:31 KY Infrastructure Authority
21:47 Office of Financial Mgmt
23:27 Adjournment, 958, all
Summary:
The committee first handled informational reports on several bond and lease matters, including school district and board of education debt-service items, upcoming revenue bond issues in Henderson and Jessamine counties, and three advertised lease-space requests for state agencies. Members also reviewed prior lease transactions that had not been approved in November and December; the Finance and Administration Cabinet later canceled and rebid the Harlan County lease and moved ahead with the Perry County lease modification. Additional information items included a Kentucky Communications Network Authority quarterly capital projects report and Eastern Kentucky University asset preservation revisions.
The committee then heard from Deputy State Budget Director Janice Thomas on four action items. She reported a $2.85 million USDA-funded renovation at Kentucky State University’s Betty White Building, a $294,000 increase for the Kentucky School for the Deaf’s Middleton Hall renovation, and a $6.1 million restricted-funds scope increase for the KCTCS Science Building Expansion in Elizabethtown. Members asked about how often the statutory 15% increase authority is used for school dormitory and cottage projects and about the competitiveness of construction bids; Thomas said bids are typically competitive but recent estimates have been difficult because of higher material and equipment costs. The committee approved the three action items unanimously and also received a no-action report on a $3.918 million Corrections project to repair and replace the KCIW kitchen drain line.
Next, the Kentucky Infrastructure Authority presented seven loans and grants, all of which the committee approved unanimously. The package included sewer and water projects for Frankfort, Sturgis, Scottsville, Morganfield, Western Pulaski County Water District, and Springfield, plus an emergency $5.487 million Kentucky Waters grant for Eddyville after a catastrophic sewer plant failure and weather-related emergency declarations. The projects covered wastewater interceptor and treatment upgrades, sewer collection rehabilitation, water transmission main installation, and planning/design work, with loan terms ranging from five to 30 years and interest rates from 0.5% to 2.25%.
Finally, the committee considered a $38.4 million Kentucky Housing Corporation conduit issuance for a 322-unit multifamily rental project in Jefferson County. A member asked how the committee participates in the transaction, and staff explained that it is a conduit issuance and not state debt. The committee then moved to approve the issuance.
NM
New Mexico 2025 Regular Session
House - Rural Development, Land Grants And Cultural Affairs Jan 23rd, 2025
House Rural Development, Land Grants And Cultural Affairs
Transcript Highlights:
- Market for venture capital, but we have both a flexible loan program that's being offered through that
- There were no fees for the NMFA loan programs.
- One is a loan participation program, which we operated 15 years ago, 10 years ago, with the same federal
- The other program here is a partner's program.
- So this is one of our programs where, if we have small businesses who are looking for a loan or trying
MN
Minnesota 2025-2026 Regular Session
Committee on Jobs and Economic Development - 03/05/25
Jobs and Economic Development
Transcript Highlights:
- Loan program overall The term for the Loan program overall The Loan<01:04:49.440>
program <01:04 - <01:04:51.160>
have Loan program and the grants program have Loan program and the grants program - Echo<01:08:05.760>
what off our Loan program and I'll Echo what off our Loan program and - loan programs that the Northwest loan programs that the Northwest Minnesota<01:08:11.279>
Foundation - loan programs are restricted promise act loan programs are restricted generally<01:08:52.560>
to<
AL
Alabama 2026 1st Special Session
Alabama House County and Municipal Government Committee Feb 4th, 2026
County and Municipal Government
Transcript Highlights:
- This program is done in over 35 program.
- We do that by participating in programs that help us provide preferential loan terms or approve loans
- We do that by participating in programs that help us provide preferential loan terms or approve loans
- We do that by participating in programs that help us provide preferential loan terms or approve loans
- , Our public deposits fund home loans, emergency loans, small business loans, and commercial loans
KY
Kentucky 2025 Regular Session
Tobacco Settlement Agreement Fund Oversight committee (9-18-25)
Transcript Highlights:
- I'm now a loan programs manager, and I really enjoy it.
- about $650,000, one agriculture processing loan, $150,000, and then 12 beginning farmer loan programs
- about $650,000, one agriculture processing loan, $150,000, and then 12 beginning farmer loan programs
- beginning farmer loan programs over $2 million, one horticulture incentives loan program at $250,000
- loan program at $250,000. loan program at $250,000.
Keywords:
Meeting Start 00:00
Attendance Roll Call 00:08
Approval of Minutes 00:43
KOAP Report 00:59
KY Office of Drug Control Policy 23:04, 958, all
Summary:
The committee met on September 18, 2025, approved the July 10 minutes, and received Brandon Reid’s monthly report on Kentucky agriculture development and finance activity for July and August. Reid emphasized the long-running structure created under House Bill 611 and Senate Bill 28, the role of county agriculture development councils in all 120 counties, and the importance of the program as a national model for supporting Kentucky agriculture. He also introduced new staff and interns, including a new loan programs manager, Rachel Coward, and project manager Kylie Davis.
For July, the development board reported $3.4 million invested in agriculture and the finance corporation reported $3.1 million in loans. Highlights included 11 county council meetings, site visits, program reviews, and 18 project reports. July approvals included county agriculture incentive programs, deceased farm animal removal programs, youth incentive programs, county/state projects, infrastructure loans, an agriculture processing loan, and beginning farmer loans. Staff also noted that all 120 counties had submitted their required five-year comprehensive plans on schedule.
Bill McCloskey then highlighted several funded projects, including Dino’s Farm LLC in Jefferson County, which received support to purchase a meat processing facility and equipment, with the goal of creating market opportunities for goat, sheep, and cattle producers and establishing Kentucky’s first halal meat processing facility. Other projects included a veterinarian facility project to address large animal vet shortages and Grow Appalachia at Berea College, which provides technical assistance and market support for small-scale and eastern Kentucky producers. Members discussed the need for programs such as high tunnels and other small-scale opportunities in rural areas, and staff noted related resources such as CAPE and NRCS funding.
For August, the board reported $500,000 in development board investments and just over $3 million in finance corporation loans, along with fewer staff activities than July but continued county council, site visit, and project review work. August approvals included county agriculture incentive programs, deceased animal removal programs, youth incentive programs, county/state projects, agriculture infrastructure loans, beginning farmer loans, and a horticulture incentives loan. Additional project updates included another veterinary equipment purchase, emergency safety equipment in Graves County, and a food safety and efficiency incentive for Jared Cornet.
MN
Minnesota 2025-2026 Regular Session
House Energy Finance and Policy Committee 2/24/26
Energy Finance and Policy
Transcript Highlights:
- We loan out money, we get it back, we loan it out again.
- the close of those loans.
- Once those neglo loans are those loans.
- door once the loans are repaid. door once the loans are repaid.
- So, um, are you making loans to entities that can't get loans from any other?
Keywords:
virtual power plant, VPP, distributed energy resources, DER, demand response, load management, grid modernization, peak demand, peak shaving, battery storage, energy storage, solar photovoltaic, solar panels, electric vehicles, smart thermostats, heat pumps, aggregator, public utilities commission, PUC, rate recovery