Video & Transcript Research : 'loan programs'
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HI
Transcript Highlights:
- Moving on to HB 984 HD2, which updates the agricultural loan program by lowering interest rates, increasing
- HB 984 HD2 includes food hubs as an eligible entity for Class E loans, authorizes the loan program to
- <00:51:11.520>
programs reductions in federal loan programs reductions in federal loan programs - On HB 984, updating the loan program, the Chair's recommendation will be to pass with amendment to defer
- updating the a loan updating the a loan program<01:08:03.200>
uh <01:08:03.400>chair's
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 The Department of Agriculture urged the bill’s continuation and appropriations, citing rescinded federal grant programs and a planned $1.1 million application to support food banks and kalo production.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.
MN
Transcript Highlights:
- this is a RightWay acquisition program this is a RightWay acquisition Loan<00:14:36.079>
Fund - and these are Highway uh programs and these are generally<00:15:36.040>
uh <00:15:36.160>loan - costs to Metro Transit programs.
- > 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
- Chair, the program has ranged with a balance because it is a loan fund. It revolves.
Summary:
The Transportation Committee met on January 29, 2025, to hear the Metropolitan Council’s presentation on the Governor’s proposed agency budget requests. The Council outlined three main budget items: authorization to advance funds to MnDOT to help coordinate a highway project with arterial bus rapid transit construction; a proposal to make free regular-route transit rides permanent for eligible Metro Mobility riders, after a successful pilot that produced nearly 75,000 rides; and a reduction in general fund support for rail operations, which the Council said it could absorb in the near term. The Council also noted it was seeking $15 million in the bonding bill for bus rapid transit, including support for the H Line, and described other capital requests for an infill/infiltration program and regional parks.
Council leadership said the advance-funds proposal would let two projects move together more efficiently, reduce disruption, and potentially lower costs by avoiding repeated reconstruction and maintenance. On the Metro Mobility fare pilot, they said the lower fare increased rider freedom and spontaneity while saving state money because fixed-route service is cheaper than individual Metro Mobility trips. On the general fund reduction, they said the agency is expanding service, opening the Gold Line, B Line, and E Line, and can manage the cut because of its diversified revenue sources, though it could affect future expansion.
Senator Nelson raised concerns about the proposal to expand the Right-of-Way Acquisition Loan Fund to include regional parks and trails, warning that the legislation should clearly avoid creating condemnation authority for park or trail projects, especially where they are adjacent to MnDOT projects. Council staff responded that the program would finance local acquisitions rather than give the Met Council condemnation power, and said they would take the concern under advisement and ensure the legislation is carefully drafted. Members also discussed federal funding uncertainty; Council officials said federal transit operating support is about $30 million and that a pause or cut could affect future capital projects and some existing awards, while the region’s diversified funding base would help cushion operations. No votes or formal actions were taken at the meeting.
NM
New Mexico 2025 Regular Session
IC - New Mexico Finance Authority Oversight Jul 10th, 2025
New Mexico Finance Authority Oversight Committee
Transcript Highlights:
- programming.
- The program enjoys a AAA rating from S&P, making it a robust program.
- programs. ...programs throughout the country and other states for charter schools.
- So the NMFA loan program.
- Using the charter school cash-funded program to do the construction and then have them buy out that loan
KY
Kentucky 2025 Regular Session
Capital Projects and Bond Oversight Committee (2-25-25) - Reupload
Transcript Highlights:
- present on the items of 5A and six loans present on the items of 5A and six loans and<00:12:34.920
- meeting next under our fund a program meeting next under our fund a program the<00:15:45.040>
- <00:15:46.800>
in the city of scotsville fund a loan in the city of scotsville fund a loan - Moving to our Drinking Water State Revolving Fund program, Fund F, the City of Springfield's Fund F loan
- Moving to our Drinking Water State Revolving Fund program, Fund F, the City of Springfield's Fund F loan
Summary:
The committee first approved the January minutes and then received several informational reports on school district tax levies, revenue bonds, lease advertisements, and previously rejected lease transactions. Members were told that one rejected lease for the Cabinet for Health and Family Services in Hardin County would be canceled and rebid, while a Perry County lease modification for the Energy and Environment Cabinet would proceed. The Kentucky Communications Network Authority also submitted its quarterly capital projects report, and Eastern Kentucky University reported revisions to asset preservation projects.
Janice Thomas, Deputy State Budget Director, presented four capital project action items. These included a Kentucky State University Betty White Building renovation funded by USDA grant money, a Department of Education state schools dormitory and cottage renovation appropriation increase because bids exceeded estimates, a restricted-funds scope increase for the Elizabethtown CTC science building expansion, and a pool project report for the Department of Corrections’ KCIW kitchen drain line repair and replacement. Representative Petrie asked about how often the statutory authority for midstream project increases is used and whether bids are typically competitive; Thomas said the increases are used often when bids come in above estimates and that bids are generally competitive, though construction costs have been difficult to gauge. The committee unanimously approved the first three action items, and the KCIW project was reported with no action required.
H. Sandy Williams of the Kentucky Infrastructure Authority then presented six loans and one emergency grant. The items included loans for Frankfort’s East Frankfort Interceptor wet weather facility project, Sturgis wastewater improvements, Scottsville inflow and infiltration work, Morganfield wastewater treatment plant planning and design, Western Pulaski County Water District transmission improvements, and Springfield water system planning and replacement work, plus an emergency Kentucky Waters grant for Eddyville following a sewer treatment plant failure and local emergency declarations. After no questions, the committee unanimously approved the seven KIA transactions.
Chelsea Couch then presented a Kentucky Housing Corporation conduit issuance for $38.4 million to finance a multifamily rental project in Jefferson County; members asked how the committee participates and were told it was a conduit issuance rather than state debt. The committee approved that item. Finally, the committee heard an informational Turnpike Authority refunding issuance of about $53 million for present value savings, then approved four SFCC debt issues for Henderson, Pulaski, Scott, and Trimble counties to finance school renovations and construction. The meeting ended with notice of the next meeting date and location.
KY
Kentucky 2026 Regular Session
Senate Standing Committee on Appropriation and Revenue. (2-4-26)
Transcript Highlights:
- training program. training program.
- the KCTCS trains program. the KCTCS trains program.
- the KCTCS trains program. the KCTCS trains program.
- the trains program and the BSSC program. the trains program and the BSSC program.
- forgivable loan totaling $250 million. forgivable loan totaling $250 million.
Keywords:
Meeting Start 00:00:00
Roll Call 00:00:04
Economic Development Projects Funding 00:01:25
Blue Oval SK 00:05:20, 958, all
Summary:
The committee met with a quorum to hear a recap of the 2021 special session legislation, Senate Bill 5, and then receive testimony from the Secretary of Economic Development on the Blue Oval SK project and related economic development issues. Staff explained that Senate Bill 5 appropriated five amounts from the budget reserve trust fund for a project tied to a minimum $2 billion investment: $350 million for forgivable loans through the Kentucky Economic Development Finance Authority, $10,639,600 to pay off a Hardin County loan tied to 47 tracts of property, $20 million for Bluegrass State Skills Corporation training grants, $5 million for KCTCS training grants, and $25 million for a KCTCS on-site training center. Staff also noted there were no job-related requirements in the bill itself.
The secretary said the Blue Oval SK incentive was structured as a $250 million forgivable loan rather than the state’s usual pay-as-you-go incentives, with clawback provisions tied to jobs, wages, investment, and changes in ownership or operations. He said the project had already exceeded the $2 billion investment threshold, that corporate guarantees were required from SK On and Ford, and that the agreement’s compliance period begins in December 2026 with payments starting in March 2027 and running through 2038. He said the state’s goal after the joint venture dissolution was to protect taxpayers, support affected workers, and preserve future job creation, while also ensuring the money would be repaid if performance targets are not met.
Members asked about the workforce impact, the training programs, and whether the jobs targets would be revised. The secretary said the project had about 1,850 workers at the site, with both production and salaried employees affected, and described state-led job fairs, a job portal, and other rapid-response efforts to help displaced workers find new jobs or training. He said Ford had agreed to continue discussions, invest an additional $2 billion in the site for energy storage solutions, and pursue roughly 2,100 new jobs, while the state sought to keep the company accountable for the full repayment obligation if jobs are not created. One senator raised broader concerns about mega-projects displacing small businesses and creating infrastructure burdens in surrounding communities.
MN
Minnesota 2025-2026 Regular Session
Committee on Jobs and Economic Development - 02/17/25
Jobs and Economic Development
Transcript Highlights:
- I think in some programs it's been useful to have a dashboard that shows how many loans have gone out
- I think in some programs it's been useful to have a dashboard that shows how many loans have gone out
- My concern is that every time we see a forgivable loan program come through, it's the state money that's
- <01:25:15.119>
program <01:25:15.480>come <01:25:15.639>through forgivable loan - program come through forgivable loan program come through it's<01:25:15.960>
the <01:25:16.119
MN
Transcript Highlights:
- And we're going to start today with Senate File 4535, Senator Champion's business recovery loan program
- And we're going to start today with Senate File 4535, Senator Champion's business recovery loan program
- 2026 Business Recovery Loan Program. 2026 Business Recovery Loan Program.
- Economic relief program. $5 million in fiscal year 21 forgivable loan program for remote recreational
- Economic relief program. $5 million in fiscal year 21 forgivable loan program for remote recreational
CA
California 2025-2026 Regular Session
Assembly Budget Committee Apr 10th, 2025
Transcript Highlights:
- So the Medi-Cal program, unlike many other of our programs, runs on a cash basis, and so dollars that
- I would say that Medi-Cal is one of those programs, and we are looking at several programs that are also
- Those are costs for the program at this point, and so we will have to pay back that loan.
- Those are costs for the program at this point, and so we will have to pay back that loan.
- And so we will have to pay back that loan. Is this allocation paying back that loan?
Summary:
The Assembly Budget Committee held an informational hearing on SB 100/AB 100, the early action budget bills, with a focus on Medi-Cal funding, wildfire recovery, and several smaller budget adjustments. The Department of Finance explained that the bill would add $2.8 billion General Fund and $8.3 billion federal funds for Medi-Cal, along with other items including wildfire-related local assistance for Los Angeles County, property tax backfills for fire-damaged local agencies, Cal OES wildfire monitoring authority, nonprofit security grants, the Property Tax Postponement Fund, FARMER and Clean Cars for All funding, foster family home insurance claims, Proposition 98 technical assistance for LA wildfire-impacted schools, teacher credentialing authority, and Proposition 4 climate bond appropriations for wildfire and forest resilience projects.
Much of the member discussion centered on rising Medi-Cal costs, the recent $3.4 billion cash-flow loan, and whether the new appropriation would cover payments through June. Finance said the new funds were for program costs and cash flow, not repayment of the loan, and that no additional loan authority remained. Members also debated the causes of higher Medi-Cal spending, including expanded eligibility, higher enrollment, pharmacy costs, and federal policy changes. The LAO noted that forecasting errors are not unusual but that current revisions are somewhat higher than typical, though not unprecedented. Several members emphasized that Medi-Cal supports access to care and hospital stability, while others raised concerns about sustainability and future federal cuts.
Public commenters largely supported the bill, especially the Medi-Cal funding and wildfire-related provisions. Health and labor advocates argued that the program is functioning as intended by covering more low-income Californians and preventing uncompensated care. Representatives of special districts and the Altadena Library District supported the property tax backfill provisions tied to the Eaton fire. The hearing ended without a vote, with the chair noting that the committee would adjourn for floor session and that the Assembly would vote on one of the early action bills later that morning.
KY
Kentucky 2026 Regular Session
Capital Projects and Bond Oversight Committee (2-19-26)
Transcript Highlights:
- Thank you, Senator Thomas. federal PPP loan or or something that uh federal PPP loan or or something
- The base loan will be a 30-year loan with a 1% interest rate.
- be a 30-year loan The base loan will be a 30-year loan with<00:43:21.920>
a <00:43:22.079> - The base loan will be a 20-year loan with a 1.75% interest rate.
- is a really good program when program is a really good program when used<00:58:30.880>
and <00
Keywords:
0:00:02 Call to Order and Roll Call
0:00:30 Approval of Minutes
0:00:49 Information Items
0:01:54 Louisville Arena Authority
0:24:50 Project Rpt from Postsecondary Institutions - MSU
0:26:35 Project Rpt from Finance and Admin. Cabinet
0:37:52 Lease Rpt from Finance and Admin. Cabinet
0:40:13 Rpt from OFM – KIA
0:56:00 Rpt from OFM – EDF Grants
0:58:45 Rpt from OFM – OFM
1:01:46 Adjournment, 958, all
Summary:
The committee first handled routine business, including a roll call, approval of the prior meeting minutes, and a set of informational reports. Those reports covered University of Louisville research equipment purchases, a Kent County school district debt issue for elementary school renovations, the University of Kentucky’s planned use of construction management risk for a new engineering building, APA certification reports for underwriter and bond counsel selection committees, and a KCNA status report on infrastructure upgrades and purchases.
The main presentation was an informational update from the Louisville Arena Authority. Board representatives said the arena was created to drive economic development and reported about $1.4 billion in economic impact from 2010 to 2013. They explained the authority’s financial structure, including arena operating revenues, TIF revenues, debt service, and a long-term capital plan for major repairs and replacements. Members questioned the low net revenue figures, the long timeline before TIF revenues are projected to exceed debt service, the size of capital expenditure spikes, and the University of Louisville revenue-sharing arrangement. The authority said the $2.42 million annual UL payment is fixed under a 2017 refinancing agreement, while other amounts vary with ticket sales and related revenues. They also said the COVID-era state and Metro funds, combined with authority cash, were used to prepay debt and reduce interest, lowering the debt service schedule.
The committee then considered and approved a new capital project for a new HVAC system for the student wellness center pool area. The project, presented by university staff, was approved by the board and required committee action. The committee took a roll call vote, and the project passed unanimously.
Finally, Janice Thomas of the state budget office presented two tourism, arts, and heritage cabinet grid resilience projects at Kincaid Lake State Resort Park and Kentucky Down Village State Resort Park. Each project costs $7,834,600 and is funded mostly by a federal grid resilience grant, with the remainder from state utility infrastructure replacement funds and energy policy funds. Staff explained that the projects will move park electrical service ownership and maintenance to regional utilities, allowing the state to exit the infrastructure-management role while continuing to pay utility bills through normal metering. The committee approved the action item by voice vote.
MS
Mississippi 2026 Regular Session
MS Senate Floor - 24 March, 2026; 10:00 AM
Mississippi Senate Floor Meeting
Transcript Highlights:
- program act, to define terms, to establish the local government disaster recovery emergency loan program
- loan program act, to recovery emergency loan program act, to define<00:05:35.960>
terms, <00:05 - <00:05:41.760>
by <00:05:41.880>the loan program to be administered by the loan program - <00:10:08.760>
Program Recoveries Re-Emergency Loan Program Recoveries Re-Emergency Loan Program - stand up an emergency revolving loan stand up an emergency revolving loan program<00:16:33.640><
Summary:
The Senate convened with a quorum present, opened with an invocation and the Pledge of Allegiance, and then dispensed with the reading of the journal and committee report titles. The main business was a lengthy exchange over Senate Bill 2632, the local governments disaster recovery emergency loan program bill. The governor’s veto message argued that the enrolled bill had been materially altered after conference adoption, specifically over the interest-rate language, and called for an investigation. Senate leaders responded that the veto message was inaccurate, saying the word “monthly” had been removed earlier by unanimous consent to avoid an unintended 12% rate and that the bill was intended to provide disaster relief financing for local governments affected by Winter Storm Erin. Senators McCaughn and others defended the process, criticized the governor’s accusations as false and offensive, and emphasized that the legislation was meant to help struggling cities and counties with no interest until FEMA reimbursement, followed by a 1% rate.
After the veto discussion, Senator McCaughn moved to refer the bill back to the committee from which it began, and the motion carried. The Senate then moved through routine business, including introductions and recognition of guests. Visitors included the Mississippi Farm Bureau Federation Peanut Committee, the Mississippi School for the Deaf and Blind, the doctor of the day, and an NCSL representative, along with a National Ag Day milking champions presentation and a large group of junior pages.
The chamber also honored the Starkville Oktibbeha County School District’s varsity boys and girls basketball teams. Senate Resolutions 64 and 65 were called up to commend the Starkville High School girls and boys teams for winning the 2026 Class 7A state championships, and both coaches addressed the Senate briefly to thank members for the recognition.
CA
California 2025-2026 Regular Session
Assembly Military and Veterans Affairs Committee Jun 16th, 2026
Transcript Highlights:
- So, here in California, we have a special home loan program for our veterans.
- 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
- The CalVet Home Loan Program exemplifies fiscal responsibility.
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.
HI
Hawaii 2026 Regular Session
HOU, HOU-HHS, HOU DEFER Public Hearings 02-10-2026
Transcript Highlights:
- <00:31:59.120>
It payment loan assistance program. It payment loan assistance program. - <00:32:00.520>
program amends the down payment loan program amends the down payment loan program - >> There are federal programs that allow higher loan-to-value ratios than 100%.
- Currently, we're offering 4% of the purchase loan amount as an optional down payment assistance program
- Okay, our next bill is Senate Bill 3089, relating to the down payment loan assistance program. focusing
Summary:
The Committee on Housing, meeting jointly with the Committee on Health and Human Services, heard testimony on Senate Bill 2787, which would expand use of the rental housing revolving fund to provide loans or grants for purchasing rental units, and Senate Bill 2957, which addresses tenant displacement and relocation protections, as well as Senate Bill 2866, which would make the state rent supplement program for kupuna permanent and appropriate funds for it. Testimony on SB 2787 included support from DHHL, HHFDC, AARP Hawaii, and others, while the Attorney General recommended clarifying language and standards for grants, and the Tax Foundation questioned whether grants fit the revolving-fund structure. On SB 2957, supporters including OHA, PACT, medical-legal advocates, and tenant representatives emphasized relocation hardships from the KPT redevelopment, language access, and the need for clearer minimum safeguards; the Attorney General suggested defining “comparable units” and correcting a drafting error. On SB 2866, HPHA, Catholic Charities, AARP, the Executive Office on Aging, and others supported making the kupuna rent supplement program permanent to prevent homelessness among low-income seniors.
During discussion on SB 2957, members questioned HPHA and tenant counsel about the KPT low-rise relocation process and what “comparable housing” meant in practice. HPHA said all tenants were relocated, but counsel described disputes over comparability, disability and family-size issues, and at least one offered unit that was not livable. For SB 2787, members questioned DHHL about why it sought funding from the rental housing revolving fund rather than other sources; DHHL said it was still exploring options and had mostly used its funds for infrastructure, with only a small portion used as revolving funds. The chair expressed concern about relying on scarce housing funds and urged more efficient use of DHHL’s existing resources.
In decision-making, the committees voted to pass SB 2957 with amendments and SB 2866 with amendments. For SB 2957, the amendments would replace the bill with a working group on tenant displacement and relocation, include a blank appropriation and defective date, and request $75,000 for the working group; the motion was adopted unanimously by the members present, with Senator Favela excused. For SB 2866, the amended version would include a blank appropriation, defective date, and committee report language noting requests for $110,160 for two HPHA public housing specialist positions and $2.16 million for the state rent supplement program; this motion was also adopted, with Senator Favela excused. After the joint hearing adjourned, the committee returned to the housing-only agenda and continued discussion of SB 2787 before moving on to SB 3089, which would amend the down payment loan assistance program for low- and moderate-income first-time homebuyers; testimony on SB 3089 was beginning when the transcript ended.
HI
Hawaii 2026 Regular Session
HOU, EIG-HOU Public Hearings 04-16-2026
Transcript Highlights:
- <00:17:25.439>
that touching all of these programs that touching all of these programs that - So, these are for pre-development loans, So, these are for pre-development loans, is<00:23:02.400>
- ,<00:23:07.480>
does <00:23:08.080>HHDC loan, does HHDC loan, does HHDC have<00:23:09.760 - pre-development loans. pre-development loans.
- No, we do have the authority to provide pre-development loans.
Summary:
The Committee on Housing heard and acted on three measures related to the Hawaii Housing Finance and Development Corporation (HHFDC) and affordable housing policy. First, it considered GM 681, the nomination of Garth Yamanaka to the HHFDC Board of Directors. Yamanaka testified that he supports using all available tools to increase housing production, including open space and park dedication where feasible, more revenue-neutral and workforce housing, and a broad mix of housing types. Senators questioned him on priorities such as perpetual affordability, state- and county-owned projects, and whether HHFDC should focus more on revenue-neutral housing; he generally supported greater flexibility and more options, while emphasizing the need to consider feasibility and local market needs. The committee recommended GM 681 for advise and consent and adopted that recommendation unanimously, with Senator Fevella excused.
The committee then heard GM 764, the nomination of Susan Coons to the HHFDC Board. Coons said she supports prioritizing state and government lands for affordable housing but stressed that the government cannot solve the housing shortage alone and should continue to engage private and nonprofit partners. In response to questions, she said HHFDC should give greater priority to perpetual affordability and could potentially devote more resources to revenue-neutral, income-blind housing, but she cautioned against blanket policies and said decisions should be guided by data, community needs, and project readiness. She also supported the idea of a 100,000-unit housing plan and said HHFDC should focus on more specific policies and projects. The committee recommended GM 764 for advise and consent and adopted the recommendation.
Finally, the committee considered HCR 83, which supports using the dwelling unit revolving fund for pre-development costs through interim loans for government affordable housing projects. HHFDC testified in support and explained that it already has authority to make pre-development loans, but the resolution would provide policy support and comfort to the board. Members asked about loan security and default; HHFDC said such loans would typically be secured by land collateral and that it would not expect to forgive the loans. The committee agreed to pass the resolution with amendments, including adding committee report language about default and collateral and noting HHFDC’s existing authority. In a joint portion with the Committee on Energy and Intergovernmental Affairs, the committees also took up HCR 98 HD1 and recommended it pass with amendments to clarify that the countywide housing pattern book applies only to the City and County of Honolulu and involves collaboration between Honolulu housing and planning agencies. All recommendations were adopted, and the hearing adjourned.
MN
Minnesota 2025-2026 Regular Session
Department of Agriculture update 2/18/26
Minnesota House Floor Meeting
Transcript Highlights:
- So we offer low-interest loan programs for a variety of farm activities, and you'll see a list there.
- So we offer low-interest loan programs for a variety of farm activities, and you'll see a list there.
- So we offer low-interest loan programs for a variety of farm activities, and you'll see a list there.
- So we offer low-interest loan programs for a variety of farm activities, and you'll see a list there.
- So we offer low-interest loan programs for a variety of farm activities, and you'll see a list there.
Summary:
The Minnesota Department of Agriculture presented an overview of its budget, staffing, and major program areas, including protection services, marketing, and administration. Commissioners also highlighted concerns about federal funding uncertainty after a January letter suspending active and future USDA awards to the department. They said the issue affected about 13% of the agency’s budget, created confusion for farmers, and briefly disrupted poultry lab testing and HPAI-related work, though they later received assurances from USDA leadership that existing programs would continue processing. The department also described its anti-fraud efforts, including internal controls, a compliance coordinator, a grants administrator, review committees, site visits, and participation in the state’s Inspector General Coordinating Council.
The committee then discussed several agriculture support programs. For dairy margin coverage, the department said Minnesota’s sign-up is open and supported a bill to extend assistance to farmers who began operations in 2023-2025 and were not covered under the earlier production-based formula. The renamed Farm to Food Security program, formerly LFPA, was described as a state-created local food purchasing effort funded at $700,000 per year. The down payment assistance grant for first-time farm buyers was also reviewed; the department said it has supported 112 farmers so far, with additional awards pending, but noted timing problems when purchase agreements fall through. Members asked whether priority should be given to applicants with signed purchase agreements, and the department said that was under consideration.
The grain indemnity account update focused on the Hansen-Mueller facility failure and related claims. The department said the account holds about $10.7 million, has received 19 claims totaling $1.1 million, and that $842,000 of those claims were tied specifically to Minnesota transactions. It explained the difference by noting that some claims involved Minnesota farmers selling in North Dakota and Wisconsin, and that the indemnity account covers grains sold in Minnesota. The committee also heard updates on elk and wolf depredation payments, with the department projecting shortfalls in both funds and noting that payments are being delayed into later months. The agriculture response fund balance was said to be about $2.5 million.
Finally, the Rural Finance Authority and the East Grand Forks potato facility were discussed. The RFA reported strong demand for low-interest loans, about $26 million remaining from the prior $50 million authorization, and a new $50 million bonding request in the governor’s proposal to avoid a funding gap. The department said the program has issued 3,951 loans totaling about $390.3 million with very low defaults. It also requested $1.38 million in bonding for building improvements at the East Grand Forks potato facility, which it said is the department’s only owned building and supports a significant potato industry. In response to a question from Rep. Bang, the commissioner said recent ICE activity had affected farms, processing plants, immigrant workers, and some rural food businesses, and that the department had relayed those concerns to the governor’s office and congressional delegation.
NH
Transcript Highlights:
- <00:14:34.399>
to the new revenue stabilization loan to the new revenue stabilization loan - of be that if you were in this program, um, be that if you were in this program, um, LBA<00:16:26.000
- . program would be passed on to program would be passed on to taxpayers<00:21:14.159>
statewide. - The pro the the program is already open. The pro the the program is already open.
- real low interest loan for screwing up. real low interest loan for screwing up.
MN
Transcript Highlights:
- A few other competitive grant programs include the JNR Justice student loan repayment program, which
- as well as our self-loan program.
- provides student loan repayment program provides student loan repayment<01:08:25.199>
assist < - loan repayment programs obviously the loan repayment programs obviously and<01:09:05.759>
so <01 - loan repayment programs as those being loan repayment programs as well<01:09:13.839>
as <01:09
MN
Minnesota 2025-2026 Regular Session
House Agriculture Finance and Policy Committee 2/24/25
Agriculture Finance and Policy
Transcript Highlights:
- The programs that would be affected are the Beginning Farmer Loan Program, Seller-Sponsored Loan Program
- , Agricultural Improvement Loan Program, Livestock Expansion Loan Program, and the restructured 2 Loan
- each<00:40:55.319>
these loan programs at $50,000 each these loan programs at $50,000 each - >
Loan Loan program seller sponsored Loan Loan program seller sponsored Loan program<00:41:11.640 - a improvement loan program program a improvement loan program livestock<00:41:13.200>
expension
Bills:
HF1063
Keywords:
grain buyers, grain dealer, grain elevator, agriculture, financial reporting, audit, CPA review, independent accountant, financial statement, balance sheet, cash flow, nonpublic data, licensee oversight, Minnesota Department of Agriculture, grain purchase volume, insolvency, nonpayment, warehouse chain, fiduciary duties, producer protection
KY
Kentucky 2026 Regular Session
Capital Projects and Bond Oversight Committee - (3-19-26) - Upon Adjournment of Both Chambers
Transcript Highlights:
- <00:27:33.760>
and To a roll call, the four KIA loans and the six Cleaner Water Program grant - Also from our Fund B loan program, the City of Eminence has a Fund B loan in the amount of $622,617 for
- The city of Mount fund B program.
- Also, from our FundB uh loan program,<00:30:43.919>
the <00:30:44.080>city <00:30:44.240 - , the city of Eminence has a fund program, the city of Eminence has a fund B<00:30:46.640>
loan
Keywords:
00:02 Call to Order and Roll Call
00:45 Approval of Minutes
01:01 Information Items
06:25 Project Rpt from Postsecondary Institutions-KCTCS
10:50 Project Rpt from Finance and Admin Cabinet
18:08 Lease Rpt from Finance and Admin Cabinet
27:12 Rpt from OFM – KY Infrastructure Authority
33:56 Rpt from OFM – CED EDF Grants
47:20 Rpt from OFM – Office of Financial Mgmt
56:53 Adjournment, 958, all
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.
KY
Kentucky 2025 Regular Session
Capital Planning Advisory Board (6-11-25)
Transcript Highlights:
- In addition to our loan and grant programs, we also manage the Water Resource Information System, which
- We are also requesting consideration of an additional $25 million to capitalize KIA's state loan program
- We are also requesting consideration of an additional $25 million to capitalize KIA's state loan program
- These bonds will assisted loan programs.
- eligible expense under the loan program. eligible expense under the loan program.
Keywords:
Meeting Start 00:00:00
Attendance Roll Call 00:00:09
Approval of Minutes 00:01:10
Welcome New Members 00:01:26
Information Items 00:01:49
COT Special Report 00:02:38
Review of Executive Branch Agency Plans 00:07:41
A. Department of Military Affairs 00:08:07
B. Department of Veterans’ Affairs 00:20:34
C. Kentucky Infrastructure Authority 00:25:54
D. Tourism, Arts, and Heritage Cabinet 00:35:05
E. Transportation Cabinet 00:55:53, 958, all
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.
US
US Federal 2025-2026 Regular Session
Hearings to examine the nomination of Kelly Loeffler, of Georgia, to be Administrator of the Small Business Administration. Jan 29th, 2025 at 02:30 pm
Small Business and Entrepreneurship Committee
Transcript Highlights:
- We know that the core 7(a) loan program is in need of oversight in terms of understanding the rising
- The SBA Disaster Loan Program, you know, it's critical in supporting small businesses, as you mentioned
- program.
- Chair Ernst has pointed out rising delinquencies in the 7(a) loan program and rising delayed payments
- Because let's face it, the 7(a) loan program, the bread-and-butter loans, That small businesses use to