Video & Transcript : 'loan intermediaries' :
Page 37 of 273
ID
Transcript Highlights:
- We’re talking about the title loan companies, the payday loan companies. That is a problem.
- It ended up being about a 300% loan going on and on.
- They did a loan program with their vehicle, so a title loan, essentially.
- or payday loans or title loans, was that if the state put a cap on these things, everyone, as Representative
- or payday loans or title loans, was that if the state put a cap on these things, everyone, as Representative
Committee:
House Business
KY
Kentucky 2025 Regular Session
Capital Projects and Bond Oversight Committee (8-26-25)
Transcript Highlights:
- The emerging contaminants loan will be a 100% principal forgiveness loan.
- The emerging contaminants loan will be a 100% principal forgiveness loan.
- The emerging contaminants loan will be a 100% principal forgiveness loan.
- Um, on the fund B and the fund<00:34:00.000><c> F</c><00:34:00.240><c> loan</c> fund F loan fund F loan
- </c> would not um give loan proceeds to them. would not um give loan proceeds to them.
Summary:
The committee first handled routine business, including roll call, approval of the July minutes, and several informational reports. Those reports included a University of Kentucky restricted-fund medical equipment purchase for Chandler Hospital, debt issues for five school districts, Eastern Kentucky University’s planned model laboratory school using construction management risk delivery, a Division of Real Properties lease advertisement, Kentucky Communications Network Authority quarterly project reports, and EKU asset preservation revisions.
Members then heard and approved a new UK St. Clair Urgent Care Clinic lease in Morehead and an amendment expanding space for the UK Family and Community Medicine Clinic at Turflin Clinic. Testimony explained that both properties are privately owned, the Morehead lease predated the UK/St. Clair arrangement, and the Turflin Clinic is tight on space. The committee also approved three new projects and an appropriation increase: two Department of Military Affairs projects, a Window Ford Training Center underground electric project and a Williamsburg Readiness Center interior repair project, a Fish and Wildlife property acquisition adjoining Veterans Memorial Wildlife Management Area, and an $8.113 million increase for the Department of Revenue integrated tax system (DORIS). The DORIS increase was described as needed for change orders tied to legislation and to complete the unified tax system.
The committee next reviewed no-action items, including a $3 million emergency flood-damage repair project for the Bush Building and Vest-Lindsay House in Frankfort, and three pool projects over $1 million: a Kentucky Correctional Institute for Women window replacement phase 2 project, a Department of Criminal Justice Training interior refurbishment at Thompson Hall, and the Muddy Gut Branch stream mitigation project in Johnson County. The flood project was confirmed to be fully reimbursed by insurance proceeds.
Finally, the Kentucky Infrastructure Authority presented six loans and nine grants. Action items included water and sewer financing for Cumberland County, Lebanon, Northern Kentucky Water District, Lewisport, and Providence, plus a major Taylor Mill treatment plant project and several cleaner water grants and reallocations. Members asked about loan rates, local rate increases needed to repay debt, and the Providence emergency water interconnect; staff explained that Lewisport had begun a rate increase process, and that the Providence project would connect Webster County Water District and the city of Providence to stabilize pressure after a systemwide failure. All action items were approved.
NM
New Mexico 2025 Regular Session
IC - New Mexico Finance Authority Oversight Jul 10th, 2025
New Mexico Finance Authority Oversight Committee
Transcript Highlights:
- pay off the construction loan.
- Most of them are unsuccessful because they task an agency that doesn't make loans with making loans.
- So the NMFA loan program.
- , authorizers 80% loan-to-value.
- We talk about making a loan to a charter school. We're not.
CA
California 2025-2026 Regular Session
Assembly Military and Veterans Affairs Committee Jun 16th, 2026
Transcript Highlights:
- Unlike many conventional home loans, CalVet keeps and services its loans in-house, which gives the department
- The CalVet Home Loan Program is self-supported, with veterans repaying their loans through the mortgage
- Without new bond authority, the CalVet Home Loan Program could lose the ability to issue new loans, putting
- These veterans will come home, and we want that VA loan there, but we want a CalVet loan program there
- Then loans will cease and layoffs will begin.
Summary:
The Assembly Committee on Military and Veteran Affairs heard several veteran-focused measures, with extensive testimony in support from veterans’ organizations and individual veterans. SB 888 would exclude VA service-connected disability compensation from household income calculations for the low-income disabled veterans’ property tax exemption, addressing a situation where disability benefits can disqualify veterans from tax relief. SB 1354 would prohibit military personnel from another state, territory, or district from entering California to perform military or law enforcement functions without the Governor’s express permission, while preserving Title X activity, training, and mutual aid arrangements. SB 623 would place the Veterans Bond Act of 2026 on the ballot to authorize a $1.25 billion general obligation bond for the CalVet Home Loan Program, which supporters said is nearing depletion of bond authority and remains a critical path to homeownership for veterans and military families. SB 1407 would increase the state income tax exclusion for military retirement pay and surviving spouse benefits to the first $40,000, subject to income caps, as a retention measure to keep military retirees in California.
Supporters for the bills emphasized housing stability, affordability, retention of veterans in California, and the economic benefits of keeping military retirees and their income in the state. SB 888 and SB 623 drew broad support from veterans’ groups, county veterans service officers, and related organizations, with no opposition testimony. SB 1354 also received support from veterans’ advocates, while committee members sought clarification on training, mutual aid, and the bill’s scope, and the author agreed to work on amendments. SB 1407 drew strong support from veterans and military organizations, but also formal opposition from the California Tax Reform Association, which argued the state already provides generous veteran benefits and that the tax break would be unfair to other public servants.
The committee voted to advance all four measures. SB 888 was approved and re-referred to Revenue and Taxation; SB 1354 was approved as amended and re-referred to Public Safety; SB 623 was approved as amended, given urgency, and re-referred to Housing and Community Development; and SB 1407 was approved and re-referred to Revenue and Taxation. The consent item, SCR 143, was adopted unanimously. After the initial votes, the committee later took add-on votes to confirm passage of SB 888 and SB 1354, and the meeting adjourned.
NM
New Mexico 2025 Regular Session
IC - New Mexico Finance Authority Oversight Jul 9th, 2025
New Mexico Finance Authority Oversight Committee
Transcript Highlights:
- loan.
- I know for most of them these are going to be 10% loans, so these are not major loans.
- repay that loan.
- It didn't require another loan component.
- And without a loan.
ND
North Dakota 2026 1st Special Session
Senate Floor Session Jan 22nd, 2026 at 08:30 am
North Dakota Senate Floor Meeting
Transcript Highlights:
- new loan program.
- Subsection 3 ...a new loan program. The bill draft we have is just that.
- Now, this amount that would be loaned out is now part of that medical facility infrastructure loan.
- So the expiration date is to handle a loan up for the 11 years.
- So that's necessary so that the bank can continue the loan process.
Summary:
The Senate convened with prayer, the Pledge of Allegiance, and a quorum present. It adopted the procedural employment committee report naming Senate staff for the special session. The chamber then took up several health-care and appropriations measures, first adopting amendments to Senate Bills 2401, 2402, and 2403 before moving them to final passage.
Senate Bill 2401 passed 44-2 and requires physicians to complete at least one hour of continuing education in nutrition and metabolic health, part of a broader rural health care package. Senate Bill 2402 passed 46-0 after major amendments negotiated between the medical and pharmacy boards; as amended, it expands pharmacists’ prescriptive authority and therapeutic substitution in limited areas while excluding categories such as antidepressants, antipsychotics, chemotherapy agents, Schedule II drugs, biological products, and narrow therapeutic index drugs. Supporters said it would improve rural access and help secure rural health transformation funding, while questions focused on how pharmacist competence would be measured and enforced.
Senate Bill 2403, also passed 46-0, creates a short-term medical facility emergency operating loan program through the Bank of North Dakota, reduced by amendment from $10 million to $5 million, to help a financially distressed rural hospital. Senators discussed the hospital’s mismanagement, the need for a bridge loan, and safeguards including a limited application window and expiration in 2027. Senate Bill 2404 passed 46-0 and provides supplemental appropriations to the Information Technology Department for ADA-related website accessibility compliance and to the Public Service Commission for additional legal costs in federal energy-rate litigation. The Senate then made announcements about a Highway Patrol safety presentation and filing deadlines, excused an absent member, and adjourned until the next morning.
WA
Washington 2025-2026 Regular Session
House Consumer Protection & Business Jan 13th, 2026
Transcript Highlights:
- I mean, sometimes they do turn into loans. It depends.
- a BNPL loan and then you buy something on Wednesday, the loans are on different schedules, and it can
- totaling $45 billion, average loan $135.
- So they do have loans with interest, installment loans, and they’re beginning to move into other product
- So they do have loans with interest, installment loans, who they're beginning to move into other product
Summary:
The Consumer Protection and Business Committee held a work session on buy now, pay later (BNPL) transactions, focusing on how the products work, how they are used in Washington, and whether existing state law adequately protects consumers. Department of Financial Institutions staff described BNPL as short-term, usually no-interest installment financing offered at checkout, often with automatic payments, late fees, and varying credit-reporting practices. Members asked how BNPL compares with payday lending and earned wage access, whether it is effectively a loan or credit product, and whether Washington law already covers it. DFI explained that some BNPL structures may fall into a legal gray area under the Retail Installment Sales of Goods and Services Act because pay-in-four products may not meet the statute’s “more than four installments” language, while other structures may be covered; they also noted the Attorney General can enforce the act. DFI and committee members discussed consumer risks such as overextension, automatic debits, and lack of standardized disclosures, and DFI said it would follow up with additional data on defaults and related issues.
Molly Gallagher of the Poverty Action Network and Nadine Chabrier of the Center for Responsible Lending argued that BNPL can help consumers but also poses significant risks, especially for lower-income consumers and consumers of color who already carry debt or use other alternative financial products. They said BNPL use has grown rapidly, often involves multiple simultaneous loans across providers, and can lead to overdrafts, late fees, and difficulty tracking obligations because payments are spread across different schedules. They emphasized concerns about weak disclosures, limited dispute protections, automatic payment structures, credit reporting inconsistencies, consumer overextension, and data privacy/dark-pattern marketing. They also described federal retrenchment, including the CFPB’s withdrawal of an interpretive rule that would have treated BNPL like a digital credit card, and pointed to state responses in places like New York, California, and Maryland. Committee members signaled interest in possible Washington legislation and stronger state oversight.
Retail and business witnesses offered a more favorable view of BNPL as a cash-flow and sales tool. A Washington Retail Association representative described BNPL as an evolution of layaway and credit-card-style installment purchasing, noting that merchants receive payment up front minus fees while consumers get goods or services immediately and repay over time. A representative from a business using deferred-payment financing said the tool helps customers obtain equipment and helps the business manage inventory and cash flow, while NFIB said small businesses also use BNPL to bridge expenses and avoid higher-interest credit card debt. Members asked about merchant fees, consumer education, and whether BNPL is being used for impulse purchases or essential expenses like rent, car repairs, medical care, and travel. The chair concluded by saying the committee intends to pursue regulatory language and continue working with stakeholders, while also hearing from retailers to avoid eliminating legitimate financing tools.
WY
Wyoming 2026 Regular Session
Joint Minerals, Business & Economic Development Committee, June 5, 2026
Minerals, Business & Economic Development
Transcript Highlights:
- </c> of funds from these loans. of funds from these loans.
- or renovated with the loan.
- </c> the loan program to this committee. the loan program to this committee.
- Director, would these loans be actual loans, or are we just going to guarantee the loans, or is there
- </c> currently to be uh loaned out. currently to be uh loaned out.
HI
Transcript Highlights:
- That's to a construction loan.
- </c> require long ter longer loan require long ter longer loan amortization<00:15:23.800><c> periods<
- Is a Tier 2 loan term. What is the typical term of a Tier 2 loan?
- </c><00:19:09.799><c> from</c> housing built that utilizes loans from housing built that utilizes loans
- </c><00:33:22.200><c> when</c> subsidized Federal loans when subsidized Federal loans when affordability
Committee:
Senate Housing
Summary:
The committee heard testimony on a series of housing measures focused on streamlining approvals, reshaping financing programs, and expanding affordability requirements. SB 27 would exempt state-financed housing developments from County Council approval; SB 38 would bar county legislative bodies from changing housing proposals in ways that increase project costs; SB 25 would let counties reduce housing capacity in one area only if they offset it elsewhere with no net loss; and SB 379 would require perpetual affordability covenants for HHFDC projects and prohibit affordable housing in special flood hazard areas. SB 378 would create an HHFDC working group to identify mixed-use Maui properties for possible acquisition, SB 414 would authorize condemnation proceedings for a new Lānaʻi access road tied to disaster recovery, and SB 13 would eliminate the state income tax mortgage interest deduction for second homes. Testimony was mixed across the bills, with state agencies and housing advocates generally supporting faster permitting and more production, while county planners, NAIOP, Catholic Charities, and others raised concerns about local control, marketability, financing feasibility, and long-term affordability enforcement.
A major portion of the hearing centered on the rental housing revolving fund. SB 70 would limit eligible applicants to government agencies or organizations that reinvest all surplus into additional housing; HHFDC said most developers would not object in principle but questioned how the surplus requirement would be enforced, while NAIOP and Catholic Charities opposed it as too restrictive and difficult to monitor. SB 71 would amend the fund’s preference criteria and eligibility rules, and SB 163 would require HHFDC to prioritize projects with the shortest repayment terms and highest unit production per dollar per year. HHFDC and some advocates supported the goal of faster recycling of funds, but NAIOP and Catholic Charities warned that shorter loan terms and narrowed preferences could burden developers and disincentivize projects, especially for lower-income tenants. The chair indicated SB 163 would be deferred and its concerns folded into amendments to SB 71.
In decision-making, the committee voted to pass SB 27, SB 38, SB 70, and SB 71 with amendments, and SB 25 unamended. The chair said SB 27 would be amended to include projects with a state financing commitment and a report note that such projects still undergo 21-38 review; SB 38 would receive technical changes and language preventing county bodies from imposing cost-increasing conditions; SB 70 would add language addressing enforcement of the surplus requirement and a preamble citing the need to recycle taxpayer-financed housing value; and SB 71 would be amended to incorporate concerns raised in SB 163, including a broader preamble and revised priority criteria. SB 163 was deferred, while the other measures on the agenda were heard but no final action was described in the transcript excerpt.
MO
Transcript Highlights:
- They will take out loans before they understand interest.
- student loan industry.
- loan industry is that in my previous life before I got elected, I used to work in the student loan industry
- Well, one of them is number five: understanding credit, loans, and interest.
- Looking at car loans, taking a car loan for 84 months—what does that really cost you?
Committee:
House Financial Institutions
WA
Washington 2025-2026 Regular Session
House Consumer Protection & Business Jan 13th, 2026 at 01:30 pm
Consumer Protection & Business
Transcript Highlights:
- I mean, sometimes they do turn into loans. It depends.
- Providers have consumer loan lending licenses with us.
- a BNPL loan and then you buy something on Wednesday, the loans are on different schedules—and it can
- , average loan $135.
- So they do have loans with interest, installment loans, who they're beginning to move into other product
Committee:
House Consumer Protection & Business
MN
Minnesota 2025-2026 Regular Session
House Energy Finance and Policy Committee 3/17/26
Energy Finance and Policy
Transcript Highlights:
- </c> or loaned out? Miss Gwan. or loaned out? Miss Gwan.
- In most of our loans, we are in a first position. Our loans average a four- to seven-year duration.
- We take collateral on every one of our loans. Every loan is a little bespoke.
- You loan it out, you get it again. You loan it out, you get it again.
- You loan it out, you get it again.
Committee:
House Energy Finance and Policy
Keywords:
climate change, greenhouse gas emissions, financing, sustainability, environmental policy, renewable energy, Minnesota Climate Innovation Financing Authority, earned incentive release credit, release credits, supervised release, corrections, Minnesota Department of Corrections, sentence reduction, good time, prison time, incarceration, violent offenses, murder, criminal sexual conduct, sex offenses
CA
Transcript Highlights:
- And if you look at the small business loan guarantees that you have, how do you make sure there's some
- Andy Nakahata responded that creditworthy means having enough revenue coverage to repay the loan.
- He then asked how effectiveness is measured and whether I-Bank has a good track record for its loans.
- You do track loan activity by region or by county, right?” Andy Nakahata answered, “Yes.”
- , and the agency guarantees those loans.
Committee:
Senate Rules
Summary:
The Senate Rules Committee met to consider several governor’s appointments and procedural items. The committee approved, largely on unanimous or near-unanimous votes, the appointments of Gina Castro Rodriguez to the Board of State and Community Corrections, Richard Stein to the California Arts Council, and Nicholas Hardiman to the California Housing Finance Agency Board of Directors. It also approved references to bills, committee appointments, subcommittee ratifications, joint committee appointments, and floor acknowledgments. A motion to grant rule waivers for Senators Perez and Padilla to introduce additional measures under SR 22.5 drew opposition from Senator Grove and ultimately passed on a 3-2 vote in the final tally.
The committee then heard testimony on the appointment of Andy Nakahata as executive director of the California Infrastructure and Economic Development Bank (IBank). Nakahata described his background in finance and infrastructure lending and said he would focus on expanding access to IBank programs statewide, especially in underserved and rural areas. Members questioned him about outreach equity, county-by-county loan activity, creditworthiness standards, the California Transmission Accelerator, and financing for public hospitals and other infrastructure projects. He said IBank works through financial development corporations, municipal advisors, and other partners, monitors geographic reach, and can work with applicants to adjust loan size or identify additional funding sources when projects are not fully creditworthy.
Public witnesses spoke in support of Nakahata, including representatives from Siebert William Shank and O’Melveny/other public finance firms, who praised his expertise and leadership. No opposition testimony was offered. The committee voted 5-0 to move Nakahata’s appointment to the full Senate for confirmation. After completing a final roll call on the earlier agenda items, the committee adjourned its public session and announced it would move into executive session.
MN
Transcript Highlights:
- A loan you generally have to pay back.
- > between a grant and a loan a loan you uh between a grant and a loan a loan you uh generally<00:59:27.520
- </c> rightaway Loan rightaway Loan Fund<01:03:55.319><c> which</c><01:03:55.559><c> which</c><01:03:55.760
- Fund it revolves because it is a Loan Fund it revolves words<01:04:47.559><c> loans</c><01:04:48.559
- </c> sources come in place and these loans sources come in place and these loans are<01:05:41.359><c>
Committee:
Senate Transportation
MN
Minnesota 2025-2026 Regular Session
Conference Committee on S.F. 1832 - Jobs and Labor Omnibus - 05/15/25
Transcript Highlights:
- </c><00:26:41.039><c> cap</c> uh including increasing the loan cap uh including increasing the loan cap
- </c> program because it is a revolving loan program because it is a revolving loan fund.<00:30:39.679
- </c> need for two loan programs? need for two loan programs?
- receive another loan.
- </c><00:37:10.400><c> and</c><00:37:10.800><c> some</c> other um loan limitations and some other um loan
CA
California 2025-2026 Regular Session
Assembly Select Committee on Housing Finance and Affordability May 11th, 2026
Transcript Highlights:
- They require soft loans.
- They require soft loans.
- We don't have rehabilitation loans, right?
- So this is because HCD loans are structured as permanent financing, long-term loans, meaning the money
- So this is because HCD loans are structured as permanent financing, long-term loans, meaning the money
KY
Kentucky 2025 Regular Session
Capital Planning Advisory Board (6-11-25)
Transcript Highlights:
- When we make a lowinterest loan, loan, loan, we<00:26:57.120><c> subsequently</c><00:26:58.080><c> receive
- </c><00:26:58.480><c> a</c><00:26:58.720><c> loan</c> we subsequently receive a loan we subsequently
- </c> zero loan defaults. zero loan defaults.
- So make loans to governmental agencies.
- </c> eligible expense under the loan program. eligible expense under the loan program.
Summary:
The Capital Planning Advisory Board met with a quorum, approved the May 21 minutes, and welcomed a new executive branch member, Secretary Keith Jackson of the Justice and Public Safety Cabinet. The board also received two informational items: agency responses to prior questions and amendments made to capital plans after the last meeting. It then heard the Commonwealth Office of Technology’s report on executive branch IT capital project scoring, which reviewed 16 IT requests totaling about $330.5 million. COOT said projects were ranked through an independent panel using standardized criteria focused on feasibility, statewide alignment, readiness, impact, and risk; the CIO recommended moving an enterprise application and artificial intelligence inventory system from rank 11 to rank 4 because of its enterprise-wide impact and connection to Senate Bill 4.
The Department of Military Affairs presented its capital plan, describing 43 million in projects for the current period and 13 projects totaling $65 million for 2026–2028, with most funding coming from federal sources and restricted agency funds and no general fund request in the latter period. Its projects included maintenance pool adjustments, a statewide Army master plan, the Somerset readiness center, Shelbyville and Ashland armories, a future home for the Kentucky Army National Guard band, and other facility upgrades. Members asked about the Somerset project’s cost growth and federal delay; the department said the project remains in conceptual design, is awaiting federal MILCON action, and would require a state match of about $9.8 million against $29.6 million federal funding if it is approved. Members also asked about staffing levels, and the department said state employee and Title 32 numbers have been relatively steady, while technician positions have declined.
The Department of Veterans Affairs outlined seven projects for 2026–2028, led by a Radcliff Veterans Center HVAC replacement that needs an estimated additional $16 million to finish phase two after phase one was already funded. Other requests included a maintenance pool increase, renovations and exterior upgrades at Eastern and Western Kentucky veterans facilities, a cooling tower replacement at Thompson Hood, and parking lot and lighting improvements. The department said some projects were already in the six-year plan and that the Radcliff phase two could be bid in June 2026 if funded. Members confirmed that a columbarium wall project at Grayson is federally funded.
The Kentucky Infrastructure Authority presented its six-year capital plan, citing more than $3 billion in loan commitments since 1988 and over $5 billion in supported infrastructure projects. KIA requested $298.439 million in the first biennium, including $27.742 million in state match for federal clean water and drinking water revolving funds, $25 million for its state Infrastructure Revolving Fund, $185.697 million in federal capitalization grants, and $30 million in leverage bond authorization for each year of the two federally assisted loan programs. Members asked about drinking-water quality, and KIA said that function is handled by the Energy and Environment Cabinet’s Division of Water, not KIA. KIA also said its loan rates currently range from 0.5% to 2.25%, averaging just under 1%, and that its revolving loan programs have had no defaults. The Tourism, Arts, and Heritage Cabinet began its presentation at the end of the transcript, with staff identifying themselves, but no project details or board action from that presentation were included in the excerpt.
HI
Transcript Highlights:
- HB 984 HD2 includes food hubs as an eligible entity for Class E loans, authorizes the loan program to
- How long are the loans? Our operating loans can go up to 10 years.
- </c><00:54:14.799><c> or</c> because they canot get on bank loan or because they canot get on bank loan
- loans.
- </c> updating the a loan updating the a loan program<01:08:03.200><c> uh</c><01:08:03.400><c> chair's
Committee:
Senate Agriculture and Environment
Summary:
The committee heard testimony on HB 1294 HD2, which would create a workforce housing working group within the Department of Agriculture to address agricultural workforce housing shortages. The Department of Agriculture supported the bill’s intent but emphasized that the first step should be a study to determine actual housing demand, noting many farmers have very low incomes and may not be able to support housing costs. A DHHL representative said the department supports the measure as a first step but does not currently plan to expand housing on its agricultural lands; members also discussed the distinction between agricultural and pastoral leases and asked for follow-up information on lease numbers and ranchers growing feed.
Testimony on HB 1294 was overwhelmingly supportive, with farm and farmers’ organizations saying housing is critical to sustaining agriculture and should be located near farm operations when possible. Members questioned how housing eligibility would be enforced and whether federal housing funds could be used. The committee reported 38 testimonies in support, none opposed, and two comments, then voted to pass HB 1294 HD2 with amendments, including a date defect to July 1, 2050; the motion carried with five in favor and the recommendations were adopted.
The committee then took up HB 428 HD1, establishing the Hawaii Farm to Families Program to address food shortages and requiring reports before the 2026 regular session. The Department of Agriculture urged the bill’s continuation and appropriations, citing rescinded federal grant programs and a planned $1.1 million application to support food banks and kalo production. Food banks, the Hawaii Farm Bureau, the Hawaii Farmers Union, and other groups strongly supported the measure, describing rising demand for charitable food assistance, especially for fresh produce and protein, and noting that many families are struggling despite working multiple jobs. Witnesses also described school pantry and backpack programs, food rescue partnerships with retailers, and the need for more stable state support; one witness asked for at least $5 million in funding for farm families.
Committee members asked about food insecurity levels, food safety, abuse of food assistance, and how the program would connect farmers with schools and food banks. Food bank representatives said they already work with DOE school pantry programs and inspect all donated food for safety, and they suggested a grant or escrow-style payment model could help farmers by reducing reimbursement delays. The transcript does not show a final vote on HB 428 before the excerpt ends.
TX
Transcript Highlights:
- This adds another $1,000 to a just $4,500 loan. That is insanely expensive.
- Those online loans unregulated cost Texans, $12.9 billion.
- They have home loans. They have auto loans.
- But, you know, the same bank that will loan you $300,000 for a house isn't designed to loan you $15,000
- That servicing arm is why these loans are so successful.
Bills:
SB1113 , SB1117 , SB1206 , SB1460 , SB1802 , SB1906 , SB1917 , SB2340 , SB2455 , SB2680 , SB2690 , SB705 , SB748
Committee:
Senate Business & Commerce
Summary:
The committee took up pending business first and reported several bills favorably, including SB 2139, SB 2610, SB 1856, SB 2530, SB 2401, SB 2858, and SB 3016, with most of those measures moving out on committee substitutes and being sent to the local and uncontested calendar or to the full Senate. The committee also heard SB 1906 on expanding Chapter 342E consumer lending rates; supporters argued it would modernize Texas law and expand access to safe, regulated credit, while opponents from Texas Appleseed and AARP warned it would raise costs on already expensive loans and worsen debt burdens. SB 1906 was left pending after testimony. The committee also reconsidered and re-voted SB 1856 after a procedural issue, with the substitute ultimately adopted and the bill reported favorably.
The committee then heard SB 1113, which would clarify that certain vehicle converters, including a Texarkana business, do not need an additional dealer license to sell converted vehicles. The bill’s supporters described a long-standing business model and said the new metal license plate rules had created problems, while the Texas Automobile Dealers Association opposed the bill in its current form and said it could be resolved through DMV action or narrower changes. DMV said it was still researching a possible administrative fix, and SB 1113 was left pending. The committee also heard SB 2680, a Public Information Act cleanup bill dealing with emergency deadlines, business-day exclusions, and litigation timing; broadcasters and other open-government advocates argued the issues were already addressed by prior law and court rulings, while the Attorney General’s office said the bill would help with catastrophe notices and timing conflicts. SB 2680 was left pending.
Other bills heard included SB 1117, which would allow any Texas-licensed dentist to administer botulinum toxin neuromodulators for aesthetic purposes in the oral and maxillofacial region; the author and dental witnesses said it would clarify scope and improve access, and the bill was left pending. SB 2340 would clarify the Attorney General’s investigative authority over Texas corporations, including pre-suit depositions and sworn written questions; opponents raised due process and separation-of-powers concerns, and the bill was left pending. The committee also heard SB 705 and SB 748, both TDLR cleanup bills, and SB 1206, which would impose timelines and notice requirements on municipalities reviewing transmission projects; SB 1206 was supported by an electric cooperative and left pending. SB 1460, creating an ethics violation registry tied to licensing consequences, drew constitutional and due-process objections from several witnesses and was also left pending. After a recess, the committee heard SB 1802 on landlord duties to repair mobility assistance devices like elevators and ramps in rental housing, with the author describing prolonged outages affecting seniors; the bill was left pending. Finally, SB 2455, creating an Energy Waste Advisory Committee to coordinate efficiency and demand-response programs, drew support from energy-efficiency and environmental witnesses and was left pending, and SB 2690, targeting deceptive business-certification solicitations, was laid out and opened to testimony before the transcript ended.
KY
Kentucky 2026 Regular Session
Capital Projects and Bond Oversight Committee - (3-19-26) - Upon Adjournment of Both Chambers
Transcript Highlights:
- Also from our Fund B loan program, the City of Eminence has a Fund B loan in the amount of $622,617 for
- This 20-year loan has an systems.
- Also, from our FundB uh loan meeting.
- This 20-year loan has community growth.
- </c><00:43:39.599><c> or</c> be provided by either a bank loan or be provided by either a bank loan or
Summary:
The committee first handled routine business, including approval of the February meeting minutes and several information items. Those items covered university equipment purchases, school district and transportation-related debt issuances, Northern Kentucky University’s planned construction-manager/general-contractor delivery method for the medical examiner/crime lab relocation project, a lease-space advertisement, postsecondary asset preservation allocations, and lease-law compliance reports. Members then discussed the Northern Kentucky crime lab project in more detail; staff explained that the memorandum of agreement would cover the construction portion while the lease would cover operations, and members were told the project should move forward without procurement problems.
The committee approved a Kentucky Community and Technical College System project to modify the fire academy maintenance building after the related dormitory project was set aside because of major cost overruns. KCTCS said the dormitory would be about $3 million over budget, so it would not be bid; instead, the maintenance building would be expanded to add showers and restroom/locker facilities, bringing that project from $2 million to about $3.2 million. The committee also approved a Transportation Cabinet project for the Hardin County I-65 southbound commercial motor vehicle station relocation, with members asking about the estimate, the lack of a direct prior example, and the fact that the loadometer equipment itself would be purchased separately and was not included in the construction estimate.
Finance and Administration Cabinet lease items were then considered. The committee approved a Department of Public Advocacy lease in Christian County and a Transportation Cabinet vehicle regulation lease in Kenton County, both negotiated down from initial asking prices and both including utilities. Two lease modifications were reported without action: a Department of Revenue fit-up in Jefferson County and an expanded vehicle regulation lease in Adair County. Members also approved a package of Kentucky Infrastructure Authority items, including four loans and six Cleaner Water Program grant reallocations, covering sewer and water projects such as MSD’s Patty’s Run flood pumping station, Paducah-McCracken County’s wastewater treatment plant, Mount Washington’s lift station replacement, and Eminence’s wastewater plant expansion.
Finally, the committee heard a batch of Kentucky Product Development Initiative economic development grants and approved the action items in one vote. The projects included due diligence and infrastructure work for industrial and site-development projects in multiple counties, with local match requirements and KEDFA approvals described for each. The committee also received three line-item water grants from House Bill 1 that required no action, and the meeting ended after the grant presentations and approvals.