Transcript Highlights:

• The average sales price that we're currently seeing is about $253,000. Last year that was $246,000.
• So let's just, uh, for round numbers, let's say it's $300,000 sales price.
• Behind tab 16, R&D will cover our estimated funding for this next year.
• On the 2025 estimate available funding for housing, New Mexico program programs at 1.0 billion.
• Um, is an effective price.

Committee: House Mortgage Finance Authority Act Oversight Committee

Transcript Highlights:

• The Department of Licensing estimates $13,000... A partial fiscal note is available.
• We enjoy a 25% market share across all price points and 35% in the luxury space.
• Compass markets private exclusives as generating higher prices. The economics say otherwise.
• Restricting buyer access reduces competitive bidding, the mechanism that maximizes sale price.
• “This bill can ratchet down their risk premium baked into the eventual price of the home.

Bills: SB6091 , SB6096 , SB6153 , SB6200

Committee: Senate Housing

Keywords: SB 6091, Washington real estate, real estate broker, residential property, home listings, exclusive listing, limited marketing, open marketing, fair housing, brokerage law, consumer protection, housing access, MLS, seller disclosure, buyer representation, dual agency, designated broker, managing broker, short sale, real estate pamphlet

Transcript Highlights:

• </c><00:38:23.520><c> low</c> make sure that we can keep prices low make sure that we can keep prices
• We also think that 300% of the federal poverty level is kind of the minimum that the price should be
• They don't have to collect meal costs, meal prices, from fees from the parents.
• They don't have to collect meal costs, meal prices, from fees from the parents.
• </c> families apply for free reduced price families apply for free reduced price lunch<01:14:59.639><

Keywords: 910, house, all

Summary: The committee heard several education-related bills, with testimony largely in support. SB 1388 and SB 1393, both concerning the School Facilities Authority and Department of Education representation and land conveyances, received support from DOE and the School Facilities Authority, with no questions or action taken. SB 423, which would add Head Start representation to the Early Learning Board, was supported by the Early Learning Board and the Executive Office on Early Learning, which explained the bill would realign the board with federal Head Start Act requirements after the board was restructured in Act 170; EEL also requested an effective-date amendment. SB 422, allowing DOE to award diplomas to students whose education was disrupted by war, drew support from DOE, the Chamber of Commerce, the Military Council, and the Special Education Advisory Council, but also significant opposition from the Hawaii Patriot Republicans and many individuals; members asked questions about the bill, and DOE explained the measure’s purpose, but no vote was taken. The committee also took testimony on SB 532, which would expand who may administer certain medications in schools. DOE, the Department of Health, and the University of Hawaii supported the bill. Members asked detailed questions about oral, nasal, and topical medications and the process for prescription review and administration; DOE explained that parents request the medication, a school form is completed, a nurse reviews it, and either a trained school health assistant or a contracted nurse administers the medication. DOE said the measure could improve attendance and learning, especially for students with ADHD, asthma, and other chronic conditions. The committee then heard SB 659 on locally sourced food products and school meals, where DOE’s procurement office opposed the higher small-purchase threshold and DOE exemption from procurement rules, while Ulupono Initiative, Hawaii Farm Bureau, Hawaii Public Health Institute, and others supported the bill as a way to advance farm-to-school goals and the 30% local food target by 2030. Testimony and questioning focused on the proposed threshold increase, transparency, and whether an online bidding system would be preferable. Finally, the committee heard SB 1300 on subsidies for ALICE families’ school meals. DOE supported the bill but requested amendments: defining eligibility at 250% of the federal poverty level, delaying implementation until the 2026-2027 school year, and covering reduced-price lunch students in full for 2025-2026. HSTA, Hawaii Appleseed, Catholic Charities Hawaii, Pride at Work Hawaii, Hawaii Youth Services Network, and others supported the measure, emphasizing food insecurity, the burden of meal paperwork, and the educational importance of free meals. Hawaii Appleseed suggested replacing ALICE with a federal poverty level standard and removing a rulemaking requirement that could delay implementation. No votes or final committee actions were reported in the transcript.

Transcript Highlights:

• Homeland Security Investigations estimates that the annual loss from cargo theft accounts for $15 to
• The Association of American Railroads estimates that over 65,000 thefts occurred in 2024, representing
• Perhaps you could describe to this committee how cargo theft also contributes to increases in prices
• And future price increases. Right, yeah, thank you.
• They also impact consumer prices, which are currently on the rise. Mr.

Committees: Senate Commerce, Science, and Transportation Committee , Senate Surface Transportation, Maritime, Freight, and Ports

Keywords: Committee, Transportation, aviation safety, confirmation, Lieutenant Commander, Deputy Secretary, Bradbury, Hafensteiner, aircraft incidents

Summary: The Senate Committee on Commerce, Science, and Transportation convened to consider the promotion of Coast Guard Lieutenant Samuel Hafensteiner to Lieutenant Commander and the nomination of Stephen Bradbury as Deputy Secretary of Transportation. The meeting highlighted ongoing concerns regarding aviation safety, especially in light of recent aircraft incidents. Members discussed the critical need for knowledgeable leadership within the Department of Transportation to address these safety challenges effectively. Mr. Bradbury's background as a former General Counsel of the Department was presented as a strong asset for the role he seeks.

Transcript Highlights:

• There are over price school meals, too.
• </c><00:32:44.559><c> were</c> When food, gas, and rent prices were When food, gas, and rent prices were
• </c> price of the left's open border agenda. price of the left's open border agenda.
• Speaker, their estimate is spending. Mr.
• Lower the price of living. Lower the price of health care."

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, May 6, 2025, 1012, house, all

Transcript Highlights:

• And when the WTI prices, the crude oil prices... ...more than us, and when the WTI prices, the crude
• to the prices.
• Next, we’d like to explore the use of pricing software, algorithmic pricing, surveillance pricing, dynamic
• prices.
• Next, we'd like to explore the use of pricing software, algorithmic pricing, surveillance pricing, dynamic

Summary: The Senate Committee on Energy, Utilities and Communications held an oversight hearing on managing the transportation fuels transition, fuel pricing, and supply reliability. Chair Allen opened by discussing prior legislation, including SB 1322 and special session measures, that expanded reporting to the California Energy Commission (CEC) and gave the state tools to study gasoline costs, refinery margins, inventories, and potential supply disruptions. He framed the hearing around refinery closures, rising imports, global conflict affecting crude markets, and the need to balance affordability, reliability, and the state’s long-term clean-fuels transition. CEC Vice Chair Siva Gunda, CDTFA Chief Deputy Director Gentian Droboniku, and DPMO Director Ty Miller presented data showing California’s growing dependence on imported crude and refined products, declining in-state refining capacity, and stable-to-tight inventories that are being supported by higher imports. They said the new transparency laws have improved understanding of the market and pointed to the proposed Gateway Pipeline, marine imports, and distribution constraints as important supply issues. CDTFA and DPMO emphasized that retail margins, especially for branded gasoline, have widened significantly, with large price gaps between branded stations and hypermarts/unbranded stations, and that some of the recent price increases were tied to the Iran conflict while earlier spikes were more consistent with localized market behavior and possible price gouging. DPMO also said it is investigating high-priced branded stations, monitoring algorithmic pricing under AB 325, and continuing to analyze diesel spot-market transparency. The CEC and CARB also discussed the Transportation Fuels Transition Plan and the SB 237 assessment, describing them as efforts to plan for a managed decline in fossil fuel demand while protecting workers, communities, and consumers. They said California’s climate goals remain centered on an 85% greenhouse gas reduction by 2045, with continued use of liquid fuels expected but with lower-carbon alternatives, more efficient vehicles, and alternative fuels playing a larger role. Committee members focused heavily on workforce impacts, the need for concrete transition planning, and whether the agencies could provide a clearer picture of what California’s fuel system will look like under the state’s long-term goals. No votes or formal actions were taken during the hearing.

Transcript Highlights:

• These starter homes will yield lower-priced homes.
• We estimate there'll be about $50,000 to $70,000 lower in price.
• We estimate there'll be about $50,000 to $70,000 lower in price.
• We estimate, finally, that these changes to SB...
• The builders price things out by the front foot.

Committee: House Land & Resource Management

Keywords: 1184, house, all

Transcript Highlights:

• A fiscal note is available, and the bill is estimated to generate $9.9 million in sales tax revenue in
• Washingtonians use an estimated 2 billion plastic bags every single year.
• Washingtonians use an estimated 2 billion plastic bags every year, but we don't have to.
• Now, from a bag price standpoint, I can't talk about pricing because I and I trust with our members.
• Now, from a bag price standpoint, I can't talk about pricing because I and I trust with our members.

Summary: The committee held public hearings on several bills, beginning with SB 5965 on retail bags. Staff explained that the bill would prohibit single-use plastic and reusable film plastic carryout bags, raise the paper bag pass-through charge from 8 cents to 20 cents, exempt certain assistance-program customers from bag charges, and add manufacturer/distributor penalties. The sponsor and supporters, including environmental groups, Seattle Public Utilities, Tacoma, county solid waste representatives, and health advocates, argued the current law has led to thicker plastic bags and more plastic pollution, microplastics, and recycling contamination. Opponents from hospitality, grocery, retail, paper, and plastic bag industries said the bill would raise costs, create checkout confusion, burden food delivery and takeout operations, and amount to a de facto ban on paper bags as well; several urged waiting for more data on the current 12-cent fee. The hearing ended with a reported 1,240 non-testifiers on SB 5965, with 541 pro, 695 con, and 4 other. The committee then heard SB 6030 on plastic bags. Staff said the bill would allow film plastic and paper carryout bags if they meet recycled-content standards, keep the paper bag fee at 8 cents, reduce the plastic bag fee from 12 cents to 8 cents, and remove the minimum thickness standards for reusable film plastic bags while retaining recycled-content requirements and the SNAP exemption. No public testimony was taken on the bill, and the chair noted 208 non-testifiers, with 192 pro, 11 con, and 5 other. Finally, the committee heard SB 5975 on lead in cookware. Staff described it as a third-round update to the state’s cookware lead law, narrowing covered cookware, delaying the 10 ppm lead standard to 2030, and allowing compliance through FDA or European testing methods. Supporters, including some industry representatives, said the current law is unclear and difficult to enforce, that a workable test is still being developed, and that the bill would provide certainty and avoid unintended coverage of safe products. Opponents from Ecology, Health, environmental groups, and consumer advocates argued the bill would weaken Washington’s existing protections, create broad exemptions, and allow high-lead cookware to remain on the market; they also criticized shifting from total-content testing to leach testing. The hearing closed with 609 non-testifiers on SB 5975, with 54 pro and 552 con.

Transcript Highlights:

• Given the potential need for actuarial pricing this fall, if you'd like to learn more about Given the
• potential need for actuarial pricing this fall, if you'd like to learn more about asset smoothing after
• I estimated, and I talked to David Pringle a little while ago, that ours might be 6 tenths.
• So in terms of putting a cost estimate on this, So in terms of putting a cost estimate on this, I think
• So in terms of putting a cost estimate on this, I think we could break it up into a couple of pieces.

Committee: Joint Select Committee on Pension Policy

Summary: The Executive Committee of the State Committee on Pension Policy approved the June minutes and received updates from staff and counsel. The attorney reported on two class action matters: the Fowler/Probst Fowler teacher interest case, where a court ordered the state to pay $118 million and the state has appealed and sought a stay, and the Dawson case challenging last year’s HB 2034 related to the LEOFF 1 plan, where the complaint was amended and the state plans to move to dismiss. The actuary also provided a brief update on asset smoothing and offered to provide additional education on the topic. The committee then focused on interim work planning and the September agenda. Members discussed an ad hoc COLA for PERS and TRS Plan 1 retirees, with staff explaining options for making a COLA part of the base budget or otherwise structuring it. The committee agreed to move forward with a bill for a Plan 1 ad hoc COLA and to have it considered in October, with a request for fiscal analysis. The committee also heard from a Washington State Patrol Troopers Association representative about survivor medical benefits, and staff said a cost estimate could be prepared for October if the proposal included retroactive coverage. For September, the committee set the agenda to include PERS eligibility for animal control officers, a LEOFF 1 medical study update with possible action, and the Plan 1 ad hoc COLA item. Staff said the work plan would also add the ongoing Plan 1 COLA and survivor medical topics to October, along with preliminary 2027 meeting dates. The meeting ended with informal approval of the September agenda and adjournment.

Transcript Highlights:

• IN A RECENT FILING WITH PENNSYLVANIA PC THE PRESIDENT AND PPL ELECTRIC NOTE OF THE COMPANY ESTIMATES
• EARLIER THIS YEAR PG AND E MAJOR INVESTOR AND UTILITY ESTIMATED THAT TEN GIGAWATTS OF LOAD GROWTH COULD
• REPORT CONDUCTED BY LAWRENCE BURTON NATIONAL LABS IN STUDYING THE NATIONAL AVERAGE OF ELECTRICITY PRICES
• FROM 2019 TO 2024 PRIMARILY TRACKING INFLATION AND STATE LEVEL RETAIL ELECTRICITY PRICE TRENDS VARYING
• THE STUDY ALSO FOUND STATES WITH HIGHER LOAD GROWTH AND LOWER PRICES OVERALL.

Transcript Highlights:

• </c><00:04:44.840><c> $4,000</c> that $1,000 increase is pricing $4,000 that $1,000 increase is pricing
• </c><00:30:33.200><c> we</c> force and at that time they estimated we force and at that time they estimated
• </c><00:38:06.839><c> a</c> available at a new starter home price a available at a new starter home price
• In fact, our average purchase price of a home went up 60% in this past year.
• </c> shortage with housing and home prices shortage with housing and home prices are<00:54:39.200><c>

Committee: House Housing Finance and Policy

Keywords: 1183, house

Transcript Highlights:

• SCR 64 by Senator Price creates a task force on construction management at risk to set a historical purpose

Bills: HB410 , HR310 , HR314 , HR316 , HR317 , HR321 , HR275 , HR276 , HR279 , HR282 , HR286 , HR289 , HR292 , HR295 , HR302 , HR319 , HR307 , HR273 , SCR59 , SCR61 , SCR62 , SCR68 , SCR69 , SCR70 , SCR54 , SCR55 , SCR64 , SCR75 , HCR32 , HB776 , HB42 , HB119 , HB159 , HB302 , HB1017 , HB1028 , SB217 , SB283 , HB953 , SB208 , HR74 , HB998 , HB901 , HR20 , HCR65 , HCR71 , HCR98 , HB284 , HB306 , HB341 , HB366 , HB393 , HB458 , HB577 , HB603 , HB605 , HB614 , HB625 , HB646 , HB733 , HB752 , HB773 , HB798 , HB911 , HB955 , HB996 , HB1035 , HB1069 , HB1113 , HB1140 , HB1180 , HB1191 , HB1240 , HB1255 , SB82 , SB89 , SB97 , SB123 , SB237 , HB36 , HB74 , HB75 , HB258 , HB259 , HB414 , HB459 , HB784 , HB848 , HB956 , HB1095 , HB1220 , HB1252 , SB469 , SB479

Keywords: recording, privacy, notification, direct conversation, law enforcement, first responder, penalties, oil and gas, orphan wells, inactive wells, shut-in wells, marginal wells, plugging and abandonment, well decommissioning, site remediation, site restoration, Oilfield Site Restoration, OSR program, financial security, bonding

Summary: The House convened with a quorum, opened with prayer, the pledge, and a national anthem performance, then moved through several personal privileges and recognitions. Members welcomed a student cancer survivor and entrepreneur, Bella of Brave Bella Bead Company, and also recognized a new legislative assistant, a page leaving for college, and a resolution honoring National Mississippi River Day. The chamber also received conference committee reports and enrollment reports, and returned some previously failed measures to the calendar, including H.R. 119 and H.B. 410. The main floor action centered on a series of Senate concurrent resolutions, most of which were adopted overwhelmingly. These included SCR 59 on re-evaluating flood maps and insurance rates tied to the Comite River Diversion Canal, SCR 61 urging higher reimbursement for behavioral health crisis centers, SCR 62 calling for review of school-zone safety and speed limits, SCR 68 creating a blockchain and digital innovation task force, SCR 69 encouraging continued research to reduce sugarcane burning, SCR 70 supporting the Major Richard Star Act for medically retired combat-wounded veterans, SCR 54 supporting the Mississippi River Basin Fishery Commission Act, SCR 55 designating the Peggy Martin Rose as the official state rose, SCR 64 creating a construction manager-at-risk task force, SCR 75 studying a Louisiana maneuvers museum and trail, and SCR 80 creating a task force on the minimum foundation program and long-term teacher pay funding. Most passed with little or no opposition, with SCR 84 on earthquake seismic activity in several parishes amended to adjust task force membership before final adoption. The House also heard a personal privilege statement honoring the late Ponder P.C. Clinton Jr., a noted Black farmer, cattleman, and community leader in Shreveport’s Cedar Grove neighborhood, and expressed condolences to his family. Later, members received a hurricane-season reminder from Rep. Jay Galle about disaster response procedures and the need to work through parish emergency offices. The transcript ends as the House moves into additional concurrent resolutions returned from the Senate with amendments.

Transcript Highlights:

• SCR 64 by Senator Price to create and provide for a task force on construction manager at risk to study

Bills: HB410 , HR310 , HR314 , HR316 , HR317 , HR321 , HR275 , HR276 , HR279 , HR282 , HR286 , HR289 , HR292 , HR295 , HR302 , HR319 , HR307 , HR273 , SCR59 , SCR61 , SCR62 , SCR68 , SCR69 , SCR70 , SCR54 , SCR55 , SCR64 , SCR75 , HCR32 , HB776 , HB42 , HB119 , HB159 , HB302 , HB1017 , HB1028 , SB217 , SB283 , HB953 , SB208 , HR74 , HB998 , HB901 , HR20 , HCR65 , HCR71 , HCR98 , HB284 , HB306 , HB341 , HB366 , HB393 , HB458 , HB577 , HB603 , HB605 , HB614 , HB625 , HB646 , HB733 , HB752 , HB773 , HB798 , HB911 , HB955 , HB996 , HB1035 , HB1069 , HB1113 , HB1140 , HB1180 , HB1191 , HB1240 , HB1255 , SB82 , SB89 , SB97 , SB123 , SB237 , HB36 , HB74 , HB75 , HB258 , HB259 , HB414 , HB459 , HB784 , HB848 , HB956 , HB1095 , HB1220 , HB1252 , SB469 , SB479

Keywords: recording, privacy, notification, direct conversation, law enforcement, first responder, penalties, oil and gas, orphan wells, inactive wells, shut-in wells, marginal wells, plugging and abandonment, well decommissioning, site remediation, site restoration, Oilfield Site Restoration, OSR program, financial security, bonding

Transcript Highlights:

• One of the first folks who ever said "price and volume, price and volume" for what comes into the coffers
• The other first person to say "price and volume"...
• revenue estimate, how we're looking through FY50.
• These projections are based on the consensus revenue group's estimates.
• That led to that $11 billion differential estimate that Brinton provided.

Transcript Highlights:

• It doesn't stop price increases.
• It doesn't stop price increases.
• Does that count as a price increase? It's a self-imposed price increase.
• Amendment 10 defines price-setting algorithm, substantial factor, and surveillance-based price.”
• I don't know. a different price.

Committee: House Commerce, Consumer Protection, and International Affairs

Summary: The House Committee on Commerce met on Wednesday, April 22, with a quorum present and heard several bills. HB 1195, relating to the Louisiana State Athletic Commission, was amended with technical changes and a fee-related amendment tied to student athlete agents, then reported favorably. Members asked about criminal penalties and whether the bill would affect prison athletic events; the author said he would follow up on those questions. HB 798, the Broadband and Cable Price Notice Act, was amended to clarify definitions, federal compliance, notice requirements, and severability, then reported favorably after extensive debate over whether providers already give adequate notice, whether a separate notice is necessary, and whether the bill would be preempted by federal law. Charter Communications testified in opposition, saying the bill was duplicative and would add costs, while the author argued it was needed to ensure clear, conspicuous notice of price increases and cancellation rights.

Transcript Highlights:

• And if you've seen in the news the last few years, fertilizer prices have been a real burden and other
• And if you've seen in the news the last few years, fertilizer prices have been a real burden in other
• So in a region that should only grow 2 or 3 tons, somebody coming in with an 8-ton estimate sends up
• That's per ton, which means about 33 to $35 per bale Of hay, and really current market price because
• That price point is going to be somewhere about $30 per ton in just nitrogen value.

Committee: House Agriculture

Summary: The meeting focused on the use of biosolids on farm and ranch land, with testimony from Oklahoma State University experts, a conservation official, and an engineering representative about the benefits, risks, and regulatory implications. Dr. Lusk described OSU’s long history of soil fertility research and said biosolids can provide nutrients and organic matter, but also may carry contaminants such as PFAS, heavy metals, pharmaceuticals, microplastics, and pathogens. He emphasized that many questions remain unanswered, especially about contaminant uptake into soil, crops, livestock, and humans, and said existing EPA and Oklahoma DEQ regulations address some treatment and application standards but may not fully cover PFAS. Dr. Arnell expanded on nutrient management, explaining that biosolids can function similarly to manure as a fertilizer source, especially for nitrogen and phosphorus, but should be tested, incorporated into soil, and applied under permit conditions to reduce runoff and other losses. He said PFAS testing methods are not yet standardized and that more research is needed to determine sampling protocols, movement in soil, and long-term effects. Committee members asked whether farmers and ranchers should be notified of risks, whether PFAS is currently tested, how many counties use biosolids, and what research would be needed for a dissertation-level study. The witnesses generally agreed that landowners should be informed of known risks and uncertainties, but said the science is still developing. Dr. Arnell said a unified testing method is needed before reliable PFAS monitoring can be done, and suggested that a multi-year study would be required to understand soil movement, crop uptake, and livestock impacts. Greg Scott of the Oklahoma Conservation Commission framed the issue as a waste-management problem, noting that human waste streams contain contaminants and that soil type affects how pollutants move; he said sandy soils pose greater movement risks than clay soils and that current best practice is incorporation, careful timing, and avoiding steep or sensitive sites. He also said PFAS are widespread and not naturally occurring in the way some other compounds are, and that liability and cleanup costs are major concerns. Mary Elizabeth Mock of Garver Engineering focused on the practical and financial consequences of a possible moratorium on land application, saying most of Oklahoma’s biosolids are currently land applied and would otherwise have to go to landfills. She warned that many landfills are nearing capacity, tipping fees could rise sharply, and cities such as Tulsa and Norman could face large increases in disposal costs, which would ultimately be borne by ratepayers and taxpayers. She also said septic system maintenance costs could rise if land application options shrink, potentially leading to deferred maintenance and system failures. Mock urged a tiered, data-driven approach to PFAS regulation and said advanced treatment technologies may help in the future, but they are still emerging and expensive. No votes were taken; the session consisted of presentations and member questions.

Transcript Highlights:

• Lower the prices and save lives.
• Lower the prices and health care system. Lower the prices and save<00:29:47.760><c> lives.
• Gas prices, oil prices, and the cost of nearly everything else are skyrocketing.
• </c> estimable community asset. estimable community asset.
• prosecutors now estimate federal prosecutors now estimate Medicaid<03:43:22.640><c> fraud</c><03:43:

Keywords: U.S. House of Representatives Floor Proceedings on Wednesday, March 18, 2026, 1012, house, all

Transcript Highlights:

• to estimates of other tax changes.
• It's just very difficult for us to put a confident estimate, a confident estimate, on revenue gains from
• It's just very difficult for us to put a confident estimate, a confident estimate on revenue gains from
• And so these estimates are credible. They're not guaranteed.
• And so these estimates are credible. They're not guaranteed.

Summary: The joint informational hearing examined California’s taxation of multinational corporations, especially the state’s water’s-edge election versus worldwide combined reporting. The LAO and Franchise Tax Board explained the basic mechanics of unitary taxation, apportionment, and how water’s-edge generally excludes most foreign subsidiaries while worldwide reporting includes the full unitary group. FTB officials said water’s-edge filers are a small share of corporate filers but account for a large share of tax liability, and they described filing trends, industry mix, and the administrative steps needed to administer either system. Members and witnesses debated the policy trade-offs. Supporters of moving away from water’s-edge argued that it enables profit shifting, especially for large multinational and IP-heavy firms, and that eliminating it could raise significant revenue and improve fairness for smaller domestic businesses. They cited estimates of billions in potential revenue and said California already has the audit and reporting infrastructure to handle worldwide reporting, though some transition time would be needed. Opponents argued that worldwide reporting would tax foreign activity unrelated to California, create double taxation, increase compliance burdens and litigation, and could be difficult for foreign-based multinationals to document. They also warned that some of the revenue estimates are highly uncertain because foreign affiliate income is not directly observable. Committee members asked about foreign government pushback, the risk of companies leaving California, the effect on intellectual property shifting, and whether federal or Supreme Court action could block a change. Witnesses generally said major firms would be unlikely to leave because California taxes sales rather than physical presence, but some costs could be passed on to consumers. The panel also discussed alternatives such as conforming to federal international tax rules like NCTI/GILTI and adding anti-abuse rules. No vote or bill action was taken; the hearing was informational only.

Transcript Highlights:

• The increase is due to bids coming in higher than estimated, and no additional work will be performed
• , and no additional work will estimated, and no additional work will be<00:04:43.760><c> performed.
• The transaction was approved by the KHC board on August 28, 2025, and is expected to price on June 17
• on June 17th, and is expected to price on June 17th, 2026. 2026. 2026.
• The $102,515,000 transaction priced on March 4, 2026, and closed on April 2, 2026, with a TIC of 2.58%

Keywords: The live stream ended prematurely due to a network issue. A full recording will be uploaded as soon as possible, 958, all

Summary: The committee first discussed and approved a new airport-related project involving two 60-by-80 corporate hangars. Members asked about how the project would generate revenue, and staff explained that hangar rent and fuel sales would help repay the costs, with more than half of the funding coming from the FAA. The project was approved by roll call vote. The committee then approved two large capital pool projects: a $1,715,120 roof replacement and skylight project for the Libraries and Archives building in Frankfort, and a $2,105,400 exterior renovation project for several state buildings, including Health and Family Services, the Kentucky History Center, and the State Office Building. After that, the Kentucky Infrastructure Authority presented one loan increase and five grant reallocations. The loan increase was for Springfield’s wastewater treatment plant project, rising by $262,300 to just over $2.88 million because bids came in higher than estimated. Members asked about the delay between approval and bidding, and staff explained the design, environmental review, and state approval process can take one to two years. The committee approved the six action items, and then received informational updates on additional water projects that required no action. The Cabinet for Economic Development next presented one forgivable loan and 11 KPDI/KPDI EDF grant projects. The loan was a $1 million forgivable loan for the Perry County Economic Development Board to acquire the Coalfields Industrial Building, with repayment forgivable if a project creates at least 75 jobs. The grant projects included site-readiness and industrial development work in Pendleton, Elizabethtown/Hardin, McCreary, Floyd, Marion, Fleming, Graves, Eddyville/Lyon, Caldwell, Mercer, and Johnson counties. Members asked how local match percentages are set and were told they are based on county population and updated every two years; staff also explained that beneficiaries usually provide the match and are reimbursed after submitting costs. The committee approved the action items. Finally, the Office of Financial Management presented two new debt issues and three SFCC debt issues. The new debt items were a Kentucky Housing Corporation bond authorization of up to $600 million for single-family mortgage revenue bonds, including a $100 million initial transaction, and a $5.5 million multifamily conduit bond for 98 apartments in Lexington. Informational items covered University of Kentucky refunding bonds and Turnpike Authority refunding bonds, both of which produced savings. The three SFCC debt issues for Campbell, Edmonson, and Perry counties were then approved by roll call vote. The meeting ended with brief discussion of the upcoming calendar and scheduling before adjournment.

Transcript Highlights:

• And then we could directly influence those who are complaining right now about gas prices, the price
• is a House staff estimate at about $8 billion.
• Property taxes are the price. At risk.
• There's some estimates. They're in dispute. There are some estimates. They're in dispute.
• This is an estimation. This is a possibility.

Keywords: 999, senate, all