Transcript Highlights:

• So the use of state bond-financed property, there are restrictions that attach to a state bond-financed
• So the use of state bond-financed property, there are restrictions that attach to a state bond-financed
• So the use of state bond-financed property, there are restrictions that attach to a state bond-financed
• The use of state bond-financed property, there are restrictions that attach to a state bond-financed
• Sales of state bond-financed property do have some requirements that they need to go through.

Keywords: 1183, house

Summary: The Capital Investment Committee met on January 16 for an informational overview on state bonding and capital investment. House Research analyst Chelsea Griffin and House Fiscal analyst Andrew Lee explained the nonpartisan roles of their offices and then walked members through the basics of Minnesota bonding: how bonds are issued and repaid, how they are categorized, and the main legal authorities governing state general obligation bonds, including the state constitution, Minnesota statutes, and federal tax law. Griffin emphasized that state GO bond proceeds must be used for a public purpose, for a purpose authorized in the constitution, as specifically described in law, and must mature within 20 years. She also noted that state GO bonding is typically originated in the House and that capital projects financed with state GO bonds generally require a three-fifths vote in each chamber. The presentation also covered practical limits and requirements on bonding projects, including the distinction between state and local GO bonding, the role of bond counsel, restrictions on bond-financed property, the prohibition on reimbursing already-paid costs, and the full funding and non-state match requirements. In response to member questions, Griffin clarified that the full funding requirement in section 16A.502 means a project must be fully funded before the appropriation is available, while section 16A.86 reflects an expectation that local governments provide about half the financing for local projects, though the legislature can choose to fund more than half or waive a local match. She also said she did not believe a bill to make the 50 percent match requirement statutory passed last session. Lee then began a spreadsheet-based overview of the 2023 capital budget laws, explaining how capital investment spreadsheets are organized and how different fund types appear in the documents. He highlighted examples such as University of Minnesota projects funded with GO bonds and Minnesota State projects using user financing, where the system contributes a share of project costs from non-state sources such as tuition or system revenues. The committee did not take any votes or formal actions during this informational meeting.

Transcript Highlights:

• <00:12:55.440> is status the ability to obain financing is status the ability to obain financing
• <00:14:06.040> at financing um or to obtain financing at financing um or to obtain financing
• for unavoidable increases in financing for unavoidable increases in financing costs<00:24:00.000
• <01:22:52.920> of Cesspool conversion on Bill financing of Cesspool conversion on Bill financing
• House Bill 1421, relating to financing.

Keywords: 910, house, all

Summary: The committee heard several energy and environmental bills. On HB 974, which would authorize state step-in agreements for certain power purchase agreements and create a trust fund/reserve mechanism, the Attorney General’s office raised concern that the state should not incur liability beyond the trust fund. The Division of Consumer Advocacy said it had comments but did not take a position, while the Public Utilities Commission, Ameresco, Hawaiian Electric, and other industry groups supported the measure, saying it would help developers secure financing for renewable projects and improve reliability. Hawaiian Electric said the bill would not use state funds and that its proposed reserve account would be held in trust and returned to customers if unused. Committee members questioned whether the reserve would raise customer costs; Hawaiian Electric said the amount would be small and would be offset by avoiding higher financing costs, while Consumer Advocacy suggested the language should be strengthened to ensure unused funds are fully returned. The committee then heard HB 338, which would clarify that premium interest-rate adjustments for non-fossil fuel generation are just and reasonable and allow the PUC to include them in rates. DCCA and the State Energy Office supported the bill, and the PUC also supported it. Hawaiian Electric opposed unless amended, arguing the PUC already has discretion and warning the bill could weaken competitive procurement by encouraging higher bids tied to the utility’s credit rating. DCCA said the concern was that developers might not seek the best financing if premium rates are recoverable, but said Hawaiian Electric’s suggested amendment requiring clear and convincing evidence of unavoidable financing-cost increases would help. Members also asked about refinancing and whether developers could later lower debt costs after locking in a premium rate; DCCA said that ability exists and suggested a time limit or review mechanism. For HB 337, which would direct the PUC to establish standards requiring utilities to remove certain fossil-fuel costs from the rate base when adding renewable resources, the Department of Hawaiian Home Lands, Hawaii Clean Power Alliance, and the State Energy Office supported the measure. Hawaiian Electric opposed it, saying it misunderstood utility cost recovery and could threaten grid reliability because fossil plants provide ancillary services such as voltage regulation and balancing, not just energy. Hawaiian Electric pointed to its integrated grid plan and recent fossil-unit retirements as evidence of ongoing transition, and asked the committee to defer the bill and leave oversight to the PUC. The committee also heard HB 879 on cesspool conversions, which would raise the maximum grant from $20,000 to $30,000 and add DOH positions; DHHL, DOH, environmental groups, Hawaii Realtors, and others supported it, while DOH discussed staffing needs and the practical effect of the higher grant cap. The committee also began HB 379 on requiring denitrification capacity for certain wastewater systems near shorelines or groundwater, with DLNR testifying in support.

Transcript Highlights:

• components of the education finance components of the education finance system<00:09:03.280>
• It's not about current law financing.
• <00:32:18.000> We It's not about current law financing.
• We It's not about current law financing.
• current finance system. current finance system.

Keywords: 926, house, all

Summary: The caucus of the whole received an update from Representative Kornheiser on House Bill 955, focusing on the Ways and Means amendment and how it aligns with Act 73 and the House Education Committee’s broader education transformation work. She said the amendment was assembled from separate pieces developed earlier in the session and covers three main areas: planned property tax updates, steps needed for the future education finance system and foundation formula, and policy changes to support collaborative education service agencies and district mergers. She emphasized that the bill is aimed at the future state of the system, with many provisions tied to later effective dates and pending reports. Kornheiser described the property tax provisions as further defining the new non-homestead/second-home classification so the Tax Department can continue form development and data collection before rates are set, and she said the bill also advances regional assessment districts and a more regular reappraisal cycle. On education finance, she said the amendment adds school construction and school debt provisions, reserve guidance, pre-K funding study language, special education funding protections, and transportation-related follow-up work so those pieces can fit the foundation formula. She also framed the bill as reducing cost drivers in the system, citing health care savings, reference-based pricing, mental health coordination, special education scale, deferred maintenance, and larger-scale school organization. During questions, members asked about merger support funding, transportation timelines, private equity ownership of school transportation, tuition restrictions for approved independent and public schools, and the timing and finality of the second-home tax definitions. Staff explained that merger support would be reimbursed through AOE for committee expenses and would not count against excess spending thresholds, that transportation and other grant categories will be addressed in future reports and decisions, and that the transportation study does not explicitly name private equity but could encompass staffing and cost issues. They also confirmed that the tuition-related provisions apply to approved independent, in-state public, and out-of-state public schools receiving tuition, but only when the foundation formula takes effect. No votes were taken during the caucus; the update was informational, with the bill noted as having been referred to Appropriations and expected to come up for action later in the week.

Transcript Highlights:

• notified the secretary of the finance notified the secretary of the finance administration<00:02
• The school to finance new projects.
• Um and financially the financing term.
• On the student side, I'd be financing.
• Secretary of the Cabinet of Finance.

Keywords: 958, all

Summary: The committee first approved the February minutes and noted there had been no March meeting. Staff then provided a series of information items, including quarterly capital project status reports from state agencies and postsecondary institutions, a University of Kentucky equipment purchase report, notice that the committee took no action on certain March transactions, school district debt notices for Fayette and Jessamine counties, lease-space advertisements due to building conditions, a Kentucky Asset/Liability Commission report, and asset preservation project reports from KCTCS and Eastern Kentucky University. The committee then heard and unanimously approved Murray State University’s request for interim authorization to use institutional revenues for a $1.5 million roof replacement at the Curs Center student center. University of Kentucky also received unanimous approval for a $115 million public-private partnership project to expand Parking Structure 7 and the Johnson Center recreation space; testimony emphasized the loss of parking from hospital expansion, increased student enrollment, a planned $21 per semester recreation fee increase, and the goal of improving student retention and campus capacity. Next, the committee received a report on a Kentucky State Police Post 11 renovation in London funded at $1.138 million, with members asking how long the repairs would extend the building’s useful life; KSP said the work was a long-term investment and replacement was still many years away. The committee also approved multiple real property lease actions, including a new CHFS lease in Scott County, several lease renewals for the Commonwealth’s Attorney, CHFS, Transportation Cabinet, and a Secretary of State relocation lease tied to a capital renovation project. Members questioned one Jefferson County lease rate and the witness said it had been in place since 2007. Finally, the Kentucky Infrastructure Authority presented three water loan items, which were rolled and then approved: an $841,383 East Clark County Water District loan for waterline upgrades, a roughly $6.13 million Oldham County Water District loan for US 42 improvements, and a $619,180 increase for Canonsburg Water District’s Schopes Road project due to higher-than-expected bids. The committee then approved eight K-12 school facility issuances, including projects in Clinton, Franklin, Fulton, Lincoln, McLean, Paris, Somerset, and Spencer counties, covering early childhood, new school construction, HVAC, energy conservation, and renovations. The meeting ended with notice of the next meeting date and adjournment.

Transcript Highlights:

• <00:14:16.519> problem into where the campaign Finance problem into where the campaign Finance
• <00:31:16.000> campaign<00:31:16.360> finances campaign Finance campaign finances campaign
• Finance campaign finances involved<00:31:17.639> in<00:31:17.880> this<00:31:18.519>
• cases roll through the campaign Finance cases roll through the campaign Finance is<00:31:24.480>
• because you know he chairs the finance because you know he chairs the finance committee<00:46:02.280

Keywords: 1187, senate, all

Transcript Highlights:

• Phillip Osborne, Department of Finance.
• Again, Phil Osborne, partner to Finance.
• So Anita Lee with the Department of Finance...
• “Audrey Bezos, Department of Finance.
• So the Department of Finance recognizes that.

Keywords: 987, senate, all

Summary: The Senate Budget Subcommittee on Education heard May Revision proposals covering higher education, including the Bureau for Private Postsecondary Education, the University of California, California Community Colleges, the California Student Aid Commission, UC College of the Law, San Francisco, and trailer bill reporting changes. For the Bureau for Private Postsecondary Education, the administration proposed a one-time $10 million General Fund backfill to repay a special fund loan taken to cover litigation costs, plus provisional language to adjust for a pending legal expense and to repay the loan without interest. The LAO opposed shifting costs to the General Fund and raised legal concerns about an interest-free loan under Proposition 26. Senators asked about whether the $10 million would cover the litigation and about the estimated $245,000 in interest savings. For UC, the May Revision maintained the Governor’s ongoing support and included budget language requiring campuses to grow by 2,968 California undergraduates in 2026-27. UC also sought $1.5 million in one-time General Fund support for the First Star foster youth program. UC described strong outcomes for the UCLA program, while the LAO recommended rejecting the new spending because UC already has overlapping outreach programs, including the Early Academic Outreach Program, and because the need for new state funding was not clear. Senators debated whether the proposal duplicated existing services and discussed the program’s reported college-going and completion rates. The committee also heard a request for $1 million ongoing General Fund for UC College of the Law, San Francisco, to maintain campus safety services; the college described its shared-campus model and public-interest mission, while the LAO noted the college was also raising tuition and that the proposal would maintain, rather than expand, current security spending. The committee then reviewed community college proposals. Finance outlined a larger May Revision package centered on a 4.31% SCFF COLA, enrollment growth funding, categorical COLAs, a one-time Adult Learner Demonstration Project allocation, deferred maintenance, and other ongoing and one-time items. The Chancellor’s Office supported the package but asked for more enrollment growth funding, a higher growth rate, and additional policy changes. The LAO recommended at least funding the statutory 2.87% COLA, then considering whether to redirect remaining funds to enrollment growth, categorical COLAs, or one-time priorities; it recommended rejecting the Adult Learner Demonstration Project. Senators questioned the use of the discretionary COLA to cover paid pregnancy disability leave, the impact on hold harmless and basic aid districts, and whether the state should instead create a separate categorical. The Chancellor’s Office and Finance said the COLA approach was intended to provide flexibility, though Finance said it was open to further discussion about districts that would not receive direct funding. For student aid, Finance described May Revision changes to Cal Grant and the Middle Class Scholarship, including a one-time reduction tied to lower estimated costs and a later true-up, as well as proposals for the Golden State Teacher Grant Program and implementation of the federal Workforce Pell program. CSAC supported the financial aid investments but urged more time and clearer implementation planning for Workforce Pell, noting the need for state approval processes, data linkages, and likely ongoing administrative workload. The LAO recommended rejecting additional Golden State Teacher Grant funding and cautioned that the Workforce Pell trailer bill and one-time funding were premature given the new federal rules and unclear workload. Senators also raised concerns about the Middle Class Scholarship reduction, the need to support students facing higher living costs, and the decline in CADA/DREAM Act applications, with CSAC saying the drop did not reflect reduced need and that outreach should be strengthened. The final item was a set of technical trailer bill changes to shift some UC, CSU, and community college reporting from annual to biennial and consolidate reports; Finance said there were no programmatic changes.

Transcript Highlights:

• The new EVP of finance, his name is Mr. Goldman.
• The new EVP of finance, his name is Mr. Goldman.
• The new EVP of finance, his name is Mr. Goldman.
• The new EVP of finance, his name is Mr. Goldman.
• The new EVP of finance, his name is Mr. Goldman.

Keywords: 1183, house

Transcript Highlights:

• Alex Schope with the Department of Finance.
• Okay, I'll show up Department of Finance.
• Hugo Solis Galena with the Department of Finance.
• We'll start with the Department of Finance.
• Chair, Alex Schope, Department of Finance.

Summary: The Assembly Budget Subcommittee on Education Finance met for its annual Proposition 98 overview, with Chair Alvarez outlining the committee’s focus on K-12 funding, student outcomes, and use of one-time funds. Superintendent Tony Thurmond gave an update on education issues, including wildfire recovery support for affected school communities, ongoing concerns about federal threats to education funding and immigration enforcement, progress on literacy and math, dual-language immersion, educator housing, and support for dual enrollment. Members broadly expressed support for these priorities, while also raising concerns about implementation, funding stability, and the need for schools to remain safe places for students. The committee then reviewed the Governor’s Proposition 98 proposal. The Department of Finance said the 2025-26 Proposition 98 guarantee is projected at $118.9 billion, with higher revenues and TK-related rebenching driving the increase. The LAO said the budget adds about $7.5 billion over two years and discussed the volatility of the guarantee, especially in 2024-25, when changes in revenue could have an outsized effect on school funding. Members questioned the proposed $1.6 billion delayed settle-up payment, the legal basis for delaying it, and the impact of possible federal funding freezes. The LAO presented alternatives such as a reserve deposit or delayed disbursement, while Finance said the proposal is intended to manage uncertainty. Members also raised concerns that ethnic studies implementation was not funded in the January budget, and Finance said the administration was not proposing funding for it. The committee next heard on the Proposition 98 rainy day fund and education deferrals. Finance said the reserve would receive a mandatory deposit of about $1.2 billion in 2024-25 and a discretionary deposit of $376 million in 2025-26, leaving a balance of about $1.5 billion. The LAO supported rebuilding the reserve as a way to manage volatility. On deferrals, Finance described the Governor’s plan to eliminate remaining deferrals by 2025-26, and the LAO said paying them off improves cash flow and budget resilience. Members generally supported eliminating deferrals and rebuilding reserves, though some asked about acting earlier if revenues allow. The committee also reviewed the proposed $1.8 billion student support and professional development block grant; Finance said it would fund professional development, recruitment and retention, and dual enrollment, while the LAO recommended clearer language on local discretion and use for one-time costs. Members were divided, with some supporting flexibility and others warning that one-time block grants can create instability and confusion for districts.

Transcript Highlights:

• 00:33:18.159> about financing and beneficiary services about financing and beneficiary services
• <01:16:34.800> uh<01:16:34.960> so finance and all that in place. uh so finance and
• And that also is being in part financed And that also is being in part financed by<01:25:51.120>
• been able to put the financing together. been able to put the financing together.
• Um, and also create a financing.

Keywords: 910, house, all

Summary: The Act 279 working group met for an informational briefing with DHHL on its use of the $600 million appropriation and progress on the department’s implementation plan. The chair reviewed the working group’s oversight role, noting that it was created to monitor expenditures, project development, and progress toward reducing the Hawaiian Homes waitlist, and that the group must submit a progress report before the 2026 session and a final report before the 2027 session. DHHL said it had provided an updated booklet reflecting the Hawaiian Homes Commission’s February 2024 recommendations and a detailed accounting of encumbrances and project progress across the islands. DHHL highlighted several implementation themes: innovative financing and construction methods, land acquisitions and exchanges, technology, beneficiary services, and partnerships with counties and private entities. The department described a “project lease” model that gives beneficiaries access to a project rather than a specific lot, with options such as turnkey homes, owner-builder, self-help, or rent-to-purchase arrangements depending on financial qualification. Officials said this approach is intended to serve lower-income beneficiaries, expand access for people on the waitlist, and allow beneficiaries to receive support services such as financial literacy and down payment assistance. The department reported that roughly $511 million had been encumbered for infrastructure, about $152.8 million for acquisitions, financing, and beneficiary services, and about $36 million in other covered costs, with about $588.9 million encumbered as of December 31 and about $120 million expected to be spent by that date. Officials said the original implementation plan covered about 2,722 units, while the updated plan projects roughly 6,000 to 7,000 leases and 2,472 lots to be occupied. They also described phase-two needs for additional funding, including projects on Hawaiʻi, Maui, Kauaʻi, and Oʻahu, and said they would need continued legislative support, including possible bonding and private activity bond set-asides, to complete remaining projects. Members discussed the distinction between encumbered and spent funds, and DHHL explained that encumbrances reserve money for specific contracts while construction spending occurs over time through progress payments. The department also showcased examples of innovative projects, including a high-rise project in urban Honolulu financed through a mix of private activity bonds, tax credits, and state funds, and an acquisition-based project in Kapaʻa, Kauaʻi using multiple funding sources. DHHL emphasized partnerships with the City and County of Honolulu and Maui County, and said it is still assessing future projects to keep infrastructure costs manageable and ensure homes are safe and affordable for beneficiaries.

Transcript Highlights:

• Chair<00:03:40.880> of<00:03:40.920> Finance. Chair of Finance. Chair of Finance.
• Finance Committee moves not to concur. Finance Committee moves not to concur.
• , Fair Campaign Financing Fund.
• All right, this is going to be out of Finance. These are Senate bills out of Finance.
• chair finance. Um thank you, Mr. chair finance. Um thank you, Mr.

Keywords: Senate streaming session for Thursday, April 9, 2026, 960, senate, all

Summary: The Senate first outlined its plan to clear pending concurrence items, focusing on Senate bills with House amendments and not taking up unamended House bills. Members then approved several motions not to concur with House amendments, including Senate Bills 514, 626, and 866, with the clerk reading the formal Senate messages in each case. The chamber also addressed an excused-vote question, with the presiding officer explaining that excused votes do not count as missed votes. The Senate then concurred in House amendments and passed a series of Senate bills, including SB 11 on campaign finance reporting and the Fair Campaign Financing Fund, SB 164 on the Pamela J. Kelly Tree Maryland program, SB 266 on local regulation of invasive trees, SB 509 on workforce Pell Grant implementation, SB 553 reestablishing the lithium-ion battery safety commission, SB 581 on statewide technology master plan reporting, SB 670 on polling-place authority, SB 848 on municipal election reporting, and SB 940 on water quality testing. Most of these House amendments were described as technical, clarifying, or conforming changes, and each bill received the required constitutional majority on final passage. The chamber also took up House Bill 862, a rail safety bill requiring certain freight trains to have crews of at least two under specified interstate conditions. After questions from the minority leader about the bill’s trigger conditions and effect on an Eastern Shore rail line, a senator explained support for the measure and the bill passed with 33 affirmative votes. Additional special-order House bills passed as well, including HB 497 on protective order durations, HB 552 establishing a commission on the House of Reformation and Instruction for Colored Children, and HB 573 on fair housing and discriminatory effect standards. Later, the Senate continued with more concurrence items from Finance, including SB 22 on Department of Disabilities housing programs, SB 412 on forensic review boards and community forensic aftercare, SB 413 on morticians and funeral directors board operations, SB 496 on Medicaid coverage for obesity treatment, SB 555 on dementia services and brain health resources, and SB 579 on no-cost preventive cancer screening for retired volunteer firefighters. These bills were generally amended in the House with clarifying or conforming changes, and the Senate adopted the amendments and passed the bills by constitutional majority.

Transcript Highlights:

• Um, yes, we presented the bill in the Senate Finance Committee.
• committee of finance. committee of finance.
• the Senate bill um of the finance the Senate bill um of the finance committee<00:52:48.079> report
• The finance committee >> All oppose. No.
• The Finance Committee meeting at 2 o'clock today.

Keywords: 981, all

Summary: The Senate met with a quorum, approved the February 23, 2026 journal, and received several committee reports. Education recommended Senate Bill 67 be amended and sent to Appropriations, and Judiciary recommended Senate Bill 70 be amended and sent to Appropriations. The Education Committee also recommended confirmation of several Institute of Cannabis Research Governing Board appointments, and later the chamber confirmed a consent calendar of governor’s appointments, including members of the GOCO Trust Fund board, the Colorado Agriculture Development Authority, and the Wildlife Habitat Stamp Committee. On the floor, the Senate passed several bills. Senate Bill 85 and Senate Bill 25, both on the consent calendar, passed unanimously. Senate Bill 5, concerning state court remedies for violations of federal constitutional rights during immigration enforcement, passed on a 20-11 vote after a brief reconsideration mix-up and was then repassed. Senate Bill 18, concerning legal protections for a minor and sealing a related name-change record, passed 20-11. Senate Bill 31, concerning lawful use of a prescription drug product containing a Schedule I controlled substance, passed 29-2. The chamber then resolved into Committee of the Whole and took up Senate Bill 46, a property tax administration cleanup bill. After a Finance Committee report and adoption of amendment L003, the bill passed second reading and was ordered engrossed. The committee also laid over Senate Bills 53, 43, and 84 until February 25. Later, the Senate concurred with House amendments to Senate Bill 52, concerning coal transition communities and just transition money, and then repassed it. The Senate adopted the Committee of the Whole report and recessed until 11:00 a.m. after announcements and personal privilege remarks recognizing the Scientific and Cultural Facilities District and Musical Therapist Day.

Transcript Highlights:

• I will tell you a story, and I told it this morning in Senate Finance.
• Senate Bill 8, do pass, thence referred to the Finance Committee.
• Committee's committee, then Senate Judiciary Committee, then Senate Finance Committee.
• Senate Finance will go in probably about 1:30 o'clock. We are going to hear two bills.
• Senate Finance will go in, let's just say, at 2 o'clock today. We'll have two bills to hear.

Keywords: 996, all

Transcript Highlights:

• release of funds with budget and finance release of funds with budget and finance and<00:49:05.000
• <01:07:06.559> with budget and finance with budget and finance with comments<01:07:08.839>
• used for any type of housing financing used for any type of housing financing including<01:27:54.239
• Our next bill is HB 529, relating to state finances. HB 529, relating to state finances.
• <01:34:17.480> other investment enabling it to finance other investment enabling it to finance

Keywords: 912, senate, all

Summary: The joint Housing and Public Safety/Water and Land hearing first took up HB 1096, which would repeal statutory tenant-selection preferences for disabled veterans and spouses of deceased veterans in state low-income housing. HPHA testified in support, saying the change was a housekeeping measure because the same preferences already exist in administrative rules and could be adjusted later to align with other local preferences, while also noting the federal VASH program provides stronger veteran housing support. Several members questioned why the preference should be removed at all, emphasizing that veterans have long been underserved and asking for a stronger justification; the committees ultimately deferred HB 1096. The later Housing/Hawaiian Affairs agenda heard HB 606 HD1, a measure to extend Act 279 funding and related exemptions for the Department of Hawaiian Home Lands. Supporters argued the bill would give DHHL more time to use the $600 million appropriation to acquire land, work with developers, and address a wait list of about 29,000 applicants, while also helping restore Hawaiian communities and reduce the Hawaiian diaspora. Opponents focused on accountability and oversight, saying DHHL needs clearer plans, measurable goals, and stronger safeguards before receiving more money, and warning that prior spending and strategic-plan changes had reduced the number of applicants served. The committee also heard testimony that the bill would help DHHL fulfill long-standing obligations to Native Hawaiians and that the housing need affects the broader state, not only Hawaiian Home Lands beneficiaries.

Transcript Highlights:

• and Civil Law and be re-referred to the Committee on Commerce, Finance, and Policy.
• Civil Law and be re-referred to the Committee on Commerce, Finance, and Policy.
• Judiciary, Finance, and Civil Law and be re-referred to the Committee on Commerce, Finance, and Policy
• and Policy and be re-referred to the Committee on Health, Finance, and Policy.
• . finance. finance.

Keywords: 1183, house

Transcript Highlights:

• Day two of our New Mexico Finance Authority Oversight Committee is beginning.
• They're outside, but you know one thing I love about the New Mexico Finance Authority is they have a
• Of that, $7.6 million was authorized by the New Mexico Finance Authority for funding.
• It depends on the project and how they want to go about their financing.
• Mission Driven Finance, which is a debt company...

Transcript Highlights:

• The board cannot just continue approving financings to infinity.
• That's just because they withdrew their applications before the board approved the financing.
• The board has not met since 2022, I believe, and therefore doesn't have any additional financing that
• No, in all seriousness, what's the time frame for the financing that these schools have?
• Most of those financings mature around the year 2050.

Keywords: 1182, all

Summary: The Senate Education Committee of Reference met for sunset reviews and first heard a presentation on the Credit Enhancement Eligibility Board from the Governor’s Office. The presenter explained that the board, created in 2016, has no dedicated staff or administrative budget and is supported by existing budget and policy staff and the Treasurer’s Office. The board’s purpose is to lower borrowing costs for qualifying schools by using a guarantee fund to enhance credit ratings, and it has largely been used by charter schools. Because the board has reached its statutory leverage cap and has not met since 2022, it is currently in a monitoring role, but it must remain in place to honor guarantees if any approved financing defaults. The committee asked about financing maturities, demand from schools, and whether a shorter continuation period would make sense. No public testimony was offered, and the committee voted to recommend continuing the board for 10 years, until July 1, 2036. The committee then reviewed the Western Interstate Commission for Higher Education (WICHE). WICHE’s president described the interstate compact, its regional role in higher education access, workforce development, and data services, and its major student programs: the Western Undergraduate Exchange, the Western Regional Graduate Program, and the Professional Student Exchange Program. She highlighted tuition savings for Arizona students and the state, the return of many PSEP graduates to practice in Arizona, and additional cost savings through cooperative purchasing and technology contracts. The committee asked no substantive questions, and it voted to recommend continuing WICHE for 10 years, until July 1, 2036. The final major item was the Arizona Department of Education School Safety Program performance audit, followed by testimony from the department. The Auditor General reported that the program has grown substantially, especially after expansion to counselors and social workers and increased appropriations, but that ADE did not consistently ensure schools complied with program requirements. In a sample of 16 schools, most had issues such as missing or incomplete operational plans, inadequate safety team activity, incomplete required training, missing activity logs, or reimbursement requests lacking expenditure reports. The audit said these problems reduced the program’s effectiveness and increased the risk of improper spending, and it recommended stronger monitoring, written procedures, and better documentation review. ADE accepted the findings and said it is implementing the recommendations through more direct staff oversight, training requirements tied to funding, encrypted submission of emergency plans, site visits, and representative desk reviews. The discussion then shifted to whether emergency plans should address federal law enforcement actions; the director said the plans are designed for campus safety threats generally and do not specifically contemplate ICE enforcement. The committee took no vote on the audit presentation and adjourned after discussion.

Transcript Highlights:

• All right, we'll move on to STR 6D1, urging the Hawaii Housing Finance and Development Corporation to
• <00:02:45.680> and urging the Hawaii Housing Finance and urging the Hawaii Housing Finance
• The next measure, STR 6D1, urging the Hawaii Housing Finance and Development Corporation to develop a
• <00:11:16.880> and urging the Hawaii Housing Finance and urging the Hawaii Housing Finance
• market namely rental units financed market namely rental units financed using<00:11:41.920> low

Keywords: 910, house, all

Summary: The Committee on Housing heard two resolutions. STR 48 SD 1 called for a comprehensive strategy to adopt updated building codes, with testimony listed from several groups but no one appeared to testify. The committee later deferred the measure, noting it was very similar to House Concurrent Resolution 67 House Draft 1. The committee then took up STR 6D1, which urges the Hawaii Housing Finance and Development Corporation to develop a plan to produce enough housing to meet state demand. HHFDC testified that the resolution misstated the scope of low-income housing tax credit units and emphasized that the state’s housing need is much larger than previously cited, with a recent study showing about 33,000 units needed for households at or below 60% AMI statewide. HHFDC supported planning but said any plan must be realistic and account for private land constraints. A member raised concerns about rising leasehold costs and affordability for homeowners, and HHFDC responded that rental affordability can be maintained more readily than for-sale housing. The committee adopted HHFDC’s proposed amendments to STR 6D1, including deleting a clause about overbuilding, revising the shortage figures, and adding language referencing Senate Bill 26 and the affordable housing land inventory task force. The committee also amended the resolution to focus on density and timing of development for projects identified by that task force. The measure passed with amendments, and the meeting adjourned.

Transcript Highlights:

• It's the Energy Dominance Financing Office.
• So that's another option in the financing structure.
• And that's really challenging for anyone looking at doing traditional finance.
• And so we're starting to see these companies devise ways to self-finance some of this.
• And that's really challenging for anyone looking at doing traditional finance.

Summary: The Advanced Nuclear Energy Committee met to hear a series of presentations on the economics, financing, workforce, and community impacts of advanced nuclear deployment in North Dakota. William Bridge of Nucleon Energy presented the committee’s economic impacts and private-sector financing report, estimating construction and operating job impacts, local spending, and state/local tax effects for hypothetical SMR projects. He said the report assumes first-of-a-kind costs are still high, used a $6 million per megawatt nth-of-a-kind proxy, and estimated peak construction workforces of about 500 for a 200-MW plant and 1,000 for a larger facility, with roughly 100 operating jobs for a 200-MW plant. Committee members questioned security costs, capital cost assumptions, water and transmission siting constraints, and whether the model included fuel and waste; Bridge said the report included initial fuel in capital cost and that waste disposal is funded through existing federal mechanisms. Lori Brady of the Nuclear Energy Institute then outlined national nuclear workforce needs and NEI’s strategic workforce planning efforts. She described declining labor-force participation, retirements, and the need for a much larger future workforce, and said NEI has organized recommendations around career awareness, pipelines, training and qualification, policy support, retention, and nontraditional recruitment. She highlighted tools such as the Nuclear Works career website, the Nuclear Energy Academic Roadmap, the new federal Energy and Natural Resources career cluster, and the Nuclear Uniform Curriculum Program for community colleges. Members asked about AI, timing for training relative to plant development, and whether advanced manufacturing would reduce staffing needs; Brady said AI is not expected to replace workers and that training timelines depend on the specific project and staffing plan. The committee also heard from Gary Yaco, mayor of Red Wing, Minnesota, who described Prairie Island’s role in his community. He said the plant provides a large share of local property tax revenue, supports well-paid jobs, contributes to emergency preparedness funding and training, and is broadly supported by the city despite periodic protests and public concerns. He emphasized the plant’s security, regular drills with local and federal responders, and the absence of problems with dry cask storage. Later, Benton Arnett of NEI discussed the current financing landscape for advanced nuclear, explaining how tax credits, federal loan support, off-take agreements, and new business models are helping projects move forward. He said early projects face high upfront costs and long lead-time procurement, but that investor confidence is improving as federal policy and regulatory streamlining continue. The committee asked about waste funding, comparisons with natural gas, the effect of political shifts on investor confidence, and whether the market will narrow to a few winning technologies; Arnett said the industry is still sorting that out, but expects clearer winners in the late 2020s and early 2030s. The meeting concluded with an introductory presentation from Julie Kazeraki of DOE’s Office of Energy Dominance Financing, who said the office is focused on accelerating nuclear deployment through financing support.

Transcript Highlights:

• We are going to start the Finance Committee report over.
• President, your Finance Committee, to whom has been referred... Mr.
• We've heard a different finance plan than what we heard a few days ago.
• Senate Finance will meet Monday morning at 9:00 a.m. in Room 22.
• This week in Senate Finance, we're going to start hearing budgets.

Keywords: 996, all

Transcript Highlights:

• creativity especially in the financing creativity especially in the financing of<00:23:41.600>
• traditional Capital stack for financing traditional Capital stack for financing a<00:23:58.720><
• and therefore makes the early financing and therefore makes the early financing more<00:24:07.120
• <00:51:41.880> committee's support the finance committee's support the finance committee's
• This bill is going to Finance.

Keywords: 1191, senate, all