Transcript Highlights:

• There are quite often times where a purchaser, when they are going to finance a vehicle at a dealership
• , will ask the dealership about the possibility of financing their sales tax as part of the financing
• There will be a check in there that is made out to the Department of Finance and Administration to pay
• The purchaser would be the owner of the car, and then if there's financing in place for that vehicle,
• they would have a financing or a lien interest in the motor vehicle.

Keywords: 1204, all

Summary: The committee first approved special expenses incurred by the committee, then took up interim study proposals. The first, ISP 2025-069 by Representative Perry, would move collection of sales tax on motor vehicles from the current registration-based process to the point of sale at dealerships. Representative Eaton presented the proposal, and members questioned DFA about fiscal impact, dealer implementation costs, verification and audit issues, and whether the change would shift burdens to dealers or consumers. DFA said the overall tax amount would not change, but system programming and timing changes would be needed, and dealers would likely face process changes and possibly added costs. Despite concerns from some members and references to opposition from auto dealers, the committee voted to send the proposal to research and passed the ISP. The committee then considered ISP 2025-071, based on House Bill 1636 from the 2025 session, which would phase out Arkansas’s soda excise tax over five years if revenue triggers in the Medicaid Trust Fund were met. Representative Ray explained that the bill had passed committee but failed on the House floor in the prior session, and members discussed the tax’s annual revenue, its dedication to the Medicaid Trust Fund, and whether the proposal would replace lost revenue. Questions were also raised about who controls distributions from the trust fund and whether the legislature has oversight. DFA said it would follow up with DHS on the mechanics and provide additional information. The committee then voted to adopt the interim study proposal, and the meeting adjourned.

Transcript Highlights:

• by Eckhardt, relating to the repeal of the temporary tax reduction for certain high-cost gas, to Finance
• by Hughes, relating to sales and use tax exemptions and refunds for certain tangible property, to Finance
• taxable entities that purchased certain theft deterrent and property loss prevention equipment, to Finance
• Senate Bill 1250 by Hinojosa of Hidalgo, relating to the definition of a project financing backup system
• Senate Bill 1261 by Perry, relating to the financing of water supply projects included in the state water

Summary: The Senate met briefly to receive first-reading referrals of a large number of bills, resolutions, and joint resolutions. The measures covered a wide range of topics, including public education, health care, criminal justice, business regulation, transportation, water and natural resources, local government, taxation, elections, and public information. Many of the filings were by Senators Hughes, Perry, Alvarado, Creighton, Hancock, Parker, Zaffirini, Blanco, and others, and included proposals on school safety, health records and billing, election procedures, water planning, housing and rent issues, energy and environmental regulation, and criminal penalties. The chamber also read several concurrent and joint resolutions, including measures designating state symbols and local honors, a proposed constitutional amendment related to gaming by the Kickapoo Traditional Tribe of Texas, a proposal concerning special-session subjects, and resolutions on fiscal restraints and retirement obligations. No debate, testimony, or substantive action on the merits of the measures occurred in this portion of the transcript; the items were simply read and referred to committees. At the close of the proceedings, the Senate adjourned pursuant to a previously adopted motion and announced it would reconvene at 11 a.m. Tuesday, March 4.

Transcript Highlights:

• To finance, Senate Bill 3 by Bettencourt et al.
• Relating to outdoor warning sirens in flood-prone areas to finance.
• To finance, Senate Bill 6 by Perry et al., relating to the regulation of certain products.
• For advance notice pursuant to the rules by the Committee on Finance in room E1036: SB2 by Perry, SB3
• in the Finance Room immediately upon adjournment.

Bills: SB2, SB3, SB4, SB5, SB6, SB7, SB8, SB9, SB10, SB11, SB12, SB13, SB14, SB15, SB16, SB18, SB34, SB2, SB3, SB4, SB5, SB6, SB7, SB8, SB9, SB10, SB11, SB12, SB13, SB14, SB15, SB16, SB18, SB34, SB 2, SB 3, SB 4, SB 5, SB 6, SB 7, SB 8, SB 9, SB 10, SB 11, SB 12, SB 13, SB 14, SB 15, SB 16, SB 17, SB 18, SB 34, SB2, SB3, SB4, SB5, SB6, SB7, SB8, SB9, SB10, SB11, SB12, SB13, SB14, SB15, SB16, SB17, SB18, SB34

Keywords: flooding, public safety, outdoor warning sirens, disaster preparedness, emergency response, flood warning, outdoor sirens, local government, safety measures, flood management, emergency preparedness, municipal safety, disaster response, disaster relief, emergency funding, Meteorological forecasting, local government assistance, training facilities, Texas congressional redistricting, U.S. House districts

Transcript Highlights:

• Department of Finance.
• So, as far as finance perspective, As far as finance perspective on the settle-up funds for next year
• So as far as finance perspective, in the next panel.
• Department of Finance, please. Alex Schope, Department of Finance.
• Alex Shope, Department of Finance.

Summary: The Assembly Budget Subcommittee on Education Finance held its first hearing of the year on Proposition 98, focusing on the Governor’s budget estimates for the three-year budget window, the Public School System Stabilization Account (PSSA), and repayment of education deferrals. The Department of Finance said the minimum guarantee would rise by about $21.7 billion over the 2025 Budget Act, with increases in each year, full repayment of the existing settle-up obligation in 2024-25, a new $5.6 billion settle-up obligation proposed for 2025-26, and a higher guarantee in 2026-27. Finance also noted revised downward estimates for transitional kindergarten attendance and Los Angeles County property tax reimbursements, and said community colleges would be funded above the split because of enrollment growth. The Legislative Analyst’s Office emphasized fiscal risk and volatility, warning that recent revenue gains are tied heavily to the stock market and tech sector and could reverse quickly. The LAO argued the Governor’s proposed $5.6 billion delay shifts risk into future years and recommended instead fully funding the current estimate, making a larger reserve deposit, considering advance payments or pension-related uses, and finding additional non-Prop 98 solutions to reduce the state’s structural deficit. On the reserve and deferral items, Finance described revised PSSA deposits and withdrawals that would leave about $4.1 billion in the reserve by 2026-27, and both Finance and the LAO supported paying off the remaining LCFF and SCFF deferrals as good fiscal practice. Committee members questioned the size of the settle-up amount, the degree of revenue volatility, the use of the reserve, and the ongoing K-12/community college split. Finance said the proposal is meant to avoid overappropriation if revenues fall, while the LAO said a buffer of roughly $3.5 billion would address typical forecasting risk. Public commenters, including school boards, county offices of education, teachers, and advocacy groups, largely opposed the $5.6 billion withholding or settle-up delay, calling it a manipulation of Prop. 98 and urging full funding and more stable revenue solutions. Several speakers also urged dedicated funding for students experiencing homelessness. The hearing ended with no vote, and the chair announced that broader program discussions would occur in later hearings.

Transcript Highlights:

• Welcome to the New Mexico Finance Authority. Thank you to the town of Socorro, New Mexico.
• I'm Ruby Lopez, I'm the Finance Director, and I do work with NMFA.
• New Mexico Finance Authority. The Finance Authority is the state's grantee.
• I wanted to start out and compliment the Finance Authority staff in Santa Fe.
• It's nice to have the Finance Authority there to help us out.

Transcript Highlights:

• Chair, today, um, before you, the Senate Finance Committee amendment for House Appropriation and Finance
• And lastly, the Senate Finance amendment also focuses on public safety.
• So you have before you the committee report with the Senate Finance amendment.
• Chairman, members of the Senate Finance Committee.
• We all work like a well-oiled machine and that's what Senate Finance should look like.

Transcript Highlights:

• Board of Education tax levy to pay debt service, reported upcoming general obligation bond issues to finance
• They reported an upcoming revenue bond to finance new projects in Henderson County and Jessamine County
• On January 23rd, the Secretary of the Finance and Administration Cabinet notified the committee of their
• <00:01:37.079> new Revenue bond to finance new Revenue bond to finance new projects<00:01:
• <00:02:45.239> and secretary of the finance and secretary of the finance and administration

Keywords: 00:01 Call to Order and Roll Call 00:30 Approval of Minutes 00:59 Information Items 03:34 Finance and Admin Cabinet 12:31 KY Infrastructure Authority 21:47 Office of Financial Mgmt 23:27 Adjournment, 958, all

Summary: The committee first handled informational reports on several bond and lease matters, including school district and board of education debt-service items, upcoming revenue bond issues in Henderson and Jessamine counties, and three advertised lease-space requests for state agencies. Members also reviewed prior lease transactions that had not been approved in November and December; the Finance and Administration Cabinet later canceled and rebid the Harlan County lease and moved ahead with the Perry County lease modification. Additional information items included a Kentucky Communications Network Authority quarterly capital projects report and Eastern Kentucky University asset preservation revisions. The committee then heard from Deputy State Budget Director Janice Thomas on four action items. She reported a $2.85 million USDA-funded renovation at Kentucky State University’s Betty White Building, a $294,000 increase for the Kentucky School for the Deaf’s Middleton Hall renovation, and a $6.1 million restricted-funds scope increase for the KCTCS Science Building Expansion in Elizabethtown. Members asked about how often the statutory 15% increase authority is used for school dormitory and cottage projects and about the competitiveness of construction bids; Thomas said bids are typically competitive but recent estimates have been difficult because of higher material and equipment costs. The committee approved the three action items unanimously and also received a no-action report on a $3.918 million Corrections project to repair and replace the KCIW kitchen drain line. Next, the Kentucky Infrastructure Authority presented seven loans and grants, all of which the committee approved unanimously. The package included sewer and water projects for Frankfort, Sturgis, Scottsville, Morganfield, Western Pulaski County Water District, and Springfield, plus an emergency $5.487 million Kentucky Waters grant for Eddyville after a catastrophic sewer plant failure and weather-related emergency declarations. The projects covered wastewater interceptor and treatment upgrades, sewer collection rehabilitation, water transmission main installation, and planning/design work, with loan terms ranging from five to 30 years and interest rates from 0.5% to 2.25%. Finally, the committee considered a $38.4 million Kentucky Housing Corporation conduit issuance for a 322-unit multifamily rental project in Jefferson County. A member asked how the committee participates in the transaction, and staff explained that it is a conduit issuance and not state debt. The committee then moved to approve the issuance.

Transcript Highlights:

• SB 1180, DOR income tax informities, Finance.
• SB 1206, storm-related insurance claims, Finance.
• SB 1165, insurance cost of hearing breast exams, Finance.
• SB 1191, Medicare supplement insurance, ALS ERD, Finance.
• SB 2027, prior authorized gold card exemption, Finance.

Keywords: 1182, all

Summary: The Senate convened with prayer and the Pledge of Allegiance, recorded attendance, approved the journal, and welcomed several guests, including the Doctor of the Day, Dr. Tammy Penhollow, as well as visitors from Republic Services, Copper Valley Energy, and a young guest shadowing Senator Bolick. The President also announced deadline extensions for opening Senate folders and bill introduction preparation, and the chamber received communications from the Governor without reading them aloud. The main floor business was the reading and reference of a large number of Senate bills and resolutions to committees, covering topics such as education, taxation, water and natural resources, health care, behavioral health, public safety, elections, family law, immigration, transportation, and appropriations. The Senate also completed second reading of another extensive set of bills on issues including concealed weapons, nicotine products, rental housing, mental health, behavioral health, radiation protection, school safety, family courts, elections, and various appropriations and regulatory measures. No bills were debated or voted on during this transcript. Standing committee reports were waived from reading, and committee announcements were made for upcoming meetings of Government, Health and Human Services, Regulatory Affairs and Government Efficiency, Education, Judiciary and Elections, and Public Safety. The Senate then adjourned until Wednesday, January 21, 2026, at 1:15 p.m.

Transcript Highlights:

• Revenue bond to finance new projects in Henderson County and another county, pursuant to KRS 48.11, subsection
• On January 23rd, the Secretary of the Finance and Administration Cabinet notified the committee of their
• The Council on Postsecondary Education Finance Committee approved it on January 30, 2025.
• post-secondary education finance post-secondary education finance committee<00:05:19.880> approved
• <00:25:25.799> res amount of 21 million to finance res amount of 21 million to finance res

Keywords: 958, all

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.

Transcript Highlights:

• Um, it's going to add finance after this.
• >> Finance. >> Finance. >> Finance. >> Thank<00:32:01.279> you.
• I believe a fiscal finance after this.
• examined in education finance. examined in education finance.
• All those Education Finance Committee.

Keywords: 1183, house

Summary: The committee heard House File 3585, as amended, which would create an interagency council on student attendance and re-refer the bill to education finance. Representative Keeler moved the bill and an A1 amendment that corrected the council’s placement from the Department of Children, Youth, and Families to the Department of Education; the amendment was adopted. Keeler and Representative Bakeberg described the bill as the product of several years of bipartisan work on chronic absenteeism and truancy, emphasizing that attendance problems involve multiple systems and require ongoing coordination rather than a single-agency response. Testimony was strongly supportive. Matt Shaver of Allies cited statewide chronic absenteeism data and argued that schools cannot solve the problem alone because root causes such as housing, transportation, health, and economic instability lie outside school control. Assistant Commissioner Angela Mansfield of MDE said the task force and pilot districts showed coordination gaps and supported the council, while also noting MDE’s Compass staff would need permanent funding to carry out the work. Ashley High Totower of Hennepin County’s BEET program said attendance is a public health, child welfare, transportation, housing, and economic issue, and Kenneth Avon of the Minneapolis Foundation said absenteeism is an ecological problem requiring cross-sector coordination. Student witnesses also supported the bill but urged stronger youth representation. Henry Brick of Catalyst for Systems Change said students understand the causes of absenteeism best and proposed expanding student seats on the council from one to five. Ava Northrup of the Minnesota Youth Council said youth voices should be more than symbolic and suggested two youth representatives, one from the metro and one from greater Minnesota, plus additional youth task forces or panels. In member discussion, Representative Lawrence questioned whether the council duplicated existing MDE work, asked who would coordinate the group, and raised the lack of a sunset; Keeler and Bakeberg said the Department of Education would coordinate and that a sunset could be considered later. Other members asked about fiscal impact, and the chair said a fiscal note had been requested and the bill would move on to education finance.

Transcript Highlights:

• vice chair of ed finance. vice chair of ed finance.
• directors to establish a finance directors to establish a finance committee.<00:15:52.000> Uh
• So, thank you, Chair Kunes. thank you to our um our finance uh thank you to our um our finance uh chairs
• So, thank here in um education finance.
• There's a our education finance bill.

Keywords: 1187, senate, all

Transcript Highlights:

• We call that in our Legislative Finance Committee.
• We call that in our Legislative Finance Committee.
• So this amendment was requested by the Board of Finance within the Department of Finance and Administration
• I'm the director of the State Board of Finance. Okay.
• The Legislative Finance Committee.

Bills: SB190, HB247, HB8

Keywords: cancer treatment, revenue bonds, Gila Regional Medical Center, Nor-Lea General Hospital, healthcare funding, capital outlay, capital projects, appropriations, reversion, encumbrance, reauthorization, reappropriation, general fund, capital development and reserve fund, tribal infrastructure project fund, Department of Finance and Administration, DFA, state board of finance, severance tax bonds, tax-exempt bonds

Transcript Highlights:

• The bill is being referred to the Committee on Judiciary Finance and Civil Law.
• The bill is being referred to the Committee on Judiciary Finance and Civil Law.
• and Policy and be re-referred to the Committee on Workforce, Labor, and Economic Development Finance
• and Policy and be re-referred to the Committee on Judiciary Finance and Civil Law.
• and policy and be Safety finance and policy and be re-referred<00:10:08.640> to<00:10:08.720>

Keywords: 1183, house

Transcript Highlights:

• And two, members of the finance committee, uh, this is a finance committee, and you'll hear finance in
• > this<00:03:57.840> is<00:03:57.920> a<00:03:58.080> finance finance committee
• , uh this is a finance finance committee, uh this is a finance committee<00:03:58.640> and<00:
• c><00:03:59.680> a committee and you'll hear finance in a committee and you'll hear finance in
• would it we amend it here at the finance would it we amend it here at the finance committee<00:34

Bills: HF2438

Keywords: transportation finance, transportation policy, MnDOT, Minnesota Department of Transportation, Department of Public Safety, Metropolitan Council, highway funding, trunk highway fund, county state-aid highway fund, municipal state-aid street fund, state aid roads, local roads, bridge funding, road construction, transit funding, passenger rail, freight rail, aviation, airport development, safe routes to school

Transcript Highlights:

• Okay, we'll go ahead and call the Senate Finance Committee to order and ask the clerk to take a silent
• And call the Senate Finance Committee to order.
• This came to us from the House Committee on Finance, passed the House 94 to 1.
• Chairman, I move adoption of the strike and insert amendment from the Committee on Finance.
• The question on adoption and strike and insert amendment from the Committee on Finance.

Keywords: 994, senate, all

Summary: The Senate Finance Committee met with a quorum present, approved the prior meeting minutes, and then considered a series of House bills and committee substitutes. House Bill 5438, dealing with changes to Step 7 of the school aid formula and allowable uses of certain education allocations, was amended to adopt the Education Committee’s changes and then reported to the full Senate. House Bill 4087 creating the West Virginia-Ireland Education Alliance was also reported, as was House Bill 4191, which expands child care tax credit eligibility for employer-sponsored facilities and changes subsidy payments from attendance-based to enrollment-based reimbursement; senators emphasized its workforce and economic development benefits. House Bill 5074, which reallocates medical cannabis fund balances and future revenues, was amended to increase the Child Protective Commission pilot funding from $3 million to $5 million and remove proposed ibogaine research funding for Marshall and WVU before being reported. House Bill 5353, regulating virtual currency kiosks and money transmission licensure, and House Bill 5527, creating licensure and oversight for wellness reimbursement program administrators, both received strike-and-insert amendments and were reported. House Bill 5687, which phases down the metallurgical coal severance tax and adds a temporary oil and gas tax reduction with county/municipal revenue adjustments, was amended and reported. House Bill 4418, creating an electronic system for municipal business and occupation tax filing and collection with a 1% administrative fee and a participation threshold, was also reported. The committee then took up House Bill 4245, the Revenue Rules Bundle, which bundles 26 legislative rules from the Department of Revenue and related agencies. The bundle included alcohol, banking, insurance, racing, and tax rules, with several sunset extensions and repeals of outdated rules; the committee adopted a strike-and-insert amendment affecting a lottery consumer protection rule and a pre-need cemetery company rule, then reported the bill. House Bill 5168, providing a $12 million lottery-funded stream for emergency medical services, was amended to clarify the uses of the funds, rename one fund, require a 30% county match for mental health treatment spending, and create two additional county-based EMS funds; senators described it as a needed permanent funding source for EMS, and it was reported. Throughout the meeting, members generally supported the measures, with some discussion on technical details, funding allocations, and the impact of the bills on local services and workforce needs. At the end of the meeting, the chair announced that Senate House Bills 4004, 4006, and 4009 would not be taken up that day, and the committee adjourned.

Transcript Highlights:

• Bill 109, a bill providing criteria for prioritizing water projects pursuant to the Water Project Finance
• not printed, referred to the House Education Committee, and then to the House Appropriations and Finance
• not printed, referred to the House Education Committee, and then to the House Appropriations and Finance
• House Bill 237, introduced by Representative Gonzales, an act relating to public finance, creating the
• House Appropriations and Finance Committee will meet 15 minutes after the floor concludes.

Bills: HM3, HM11, HM14, HM15, HM21

Keywords: nurses, health care workers, healthcare workers, frontline workers, hospital staff, clinicians, allied health professionals, support staff, public health, workforce shortage, nursing shortage, safe staffing, patient safety, rural health care, frontier communities, behavioral health, mental health, substance use disorder, substance abuse, health care memorial

Transcript Highlights:

• Colby White, Department of Finance. Yes. And.
• Colby White, Department of Finance.
• First with the Department of Finance.
• Of course, we'll always look to our colleagues at finance Is that DGS?
• Gomato, Department of Finance, and Alexander Bentz, LAO.

Keywords: 988, house, all

Transcript Highlights:

• e e e It being 1:00 p.m. on April 4th, I will call the House Finance Committee meeting to order, and
• House Finance proposal same beginning balance 73855.
• Both the Governor and House Finance begin with no balance.
• House Finance and the House Ways and Means Committee assumed revenues of about $1.715 billion.
• and inclusion was brought to the finance and inclusion was brought to the finance committee<00:26

Keywords: 928, house, all

Summary: The House Finance Committee met for final approval of HB 1 and HB 2, with legislative budget staff Michael Kain reviewing the final amendment documents and surplus statements. Kain explained that HB 1474H and HB 1484H incorporated the committee’s prior votes and the Governor’s recommended sections, and he walked through the budget math for the general fund, education trust fund, Highway Fund, and Fish and Game Fund. He said the committee’s proposal remained balanced overall, though the current-year general fund showed a projected deficit that HB 2 would address by allowing a possible rainy day fund transfer if needed. He also noted that the committee’s revenue estimates were below the Governor’s, requiring reductions and adjustments to appropriations and lapse assumptions. Members discussed the rainy day fund provisions, including a section in HB 2 that suspends existing restrictions so a transfer can be made if the deficit materializes. Kain said the committee’s approach differed from the Governor’s because the state was not below the overall revenue plan, and the fiscal committee would retain a role in determining any transfer. He also summarized that the Highway Fund would end with about a $13 million balance and Fish and Game with about $3 million, both without additional general fund support. The committee then adopted two amendments to HB 2 unanimously: Amendment 1473H, a technical cleanup to the Group 2 retirement seven-year rule, and Amendment 1482H, a technical correction to the recreational services language. Amendment 1484H, which incorporated those changes into HB 2, was adopted on a 14-1 vote after minority members objected to the bill’s broader cuts and policy changes, including reductions to state agencies, health and human services, and education-related provisions. The committee also adopted Amendment 1474H to HB 1A on a 14-1 vote after similar debate over budget reductions, vacancies, university funding, and school spending limits. Finally, the committee voted 14-1 to report HB 1A and HB 2 as amended as ought to pass, with the minority voting no and the committee planning a full House presentation the following week.

Transcript Highlights:

• . financing. financing.
• . financing. financing.
• <00:13:23.760> that's $10 million of state financing that's $10 million of state financing
• /c><00:33:40.720> supporting expertise in financing and supporting expertise in financing and
• Uh, bad financing, or bad credit report, they can't get financing.

Keywords: Meeting Start 00:00:07 Roll Call 00:00:25 Discussion of Lexington’s Housing Affordability Partnership 00:02:26 Discussion of Northern Kentucky’s Housing Blueprint 00:30:12 Discussion of Religious Institution Land Use 00:57:33 Discussion of Free-Market Solutions to Kentucky’s Housing Crisis 01:04:18 Adjournment 01:26:37, 958, all

Summary: The committee met without a quorum and began informally, with members noting this was the final information-gathering meeting on housing before a November meeting to discuss findings and report back to the LRC. The main presentation focused on the Lexington Affordable Housing Partnership, a public-private effort supported by a $10 million state allocation. Presenters described Fayette County’s housing shortage, citing a gap of more than 22,000 units, rising home prices, and the challenge of assembling land and capital for affordable projects. The partnership explained that five local banks created a $3 million capital investment fund to buy and hold land at no interest, with deed restrictions keeping the site at 80% or below area median income and allowing the banks to seek Community Reinvestment Act credit. The first project is a 12.5-acre former Transylvania University baseball field, planned for about 242 units, including detached homes, townhouses, garden-style apartments, and senior housing. Speakers said the project required extensive neighborhood engagement and zoning/development approvals, but that the planning phase is now largely complete and infrastructure work should begin soon. Financing details included roughly $64 million in additional funding through tax credit equity, market-rate loans, city support, Kentucky Housing Corporation resources, and donations from nonprofit partners. Developers said the multifamily bond applications are due to Kentucky Housing Corporation the next day, and they expect the land purchase to be repaid into the revolving fund once the property is entitled and closed, allowing the original $3 million to be redeployed for future projects. They estimated rental units could be filled within about six months of completion, while for-sale units would come online over 12 to 36 months. In discussion, members asked about regulatory barriers and project timelines. Presenters pointed to rising construction costs tied to new federal and state requirements, and one member highlighted the need to continue reviewing planning and zoning reforms to speed development plan approvals and reduce delays. The group also endorsed a possible statewide $20 million housing fund, a residential infrastructure fund, and efforts to avoid additional regulatory burdens on housing development.

Transcript Highlights:

• the Senate Finance Committee on this, and that Senate Finance does not go down and try to stay up on
• here<01:26:30.600> so the opposition Senate Finance is here so the opposition Senate Finance
• place to do it or whether the finance place to do it or whether the finance committees<01:31:57.159
• member of Finance member of Finance three<01:33:20.320> Finance<01:33:20.800> en<01
• three Finance en of Finance entirely how three Finance en of Finance entirely how about<01:33:23.239

Keywords: 928, house, all

Summary: The Health and Human Services Oversight Committee met on February 2 and first approved the draft minutes from the prior meeting, with minor corrections to the meeting date and attendance notation. DHHS Associate Commissioner Patricia Tilly then gave a department update, describing the current uncertainty around federal priorities and funding, and provided two substantive reports: progress on the new Hampstead Youth Development Center and an update on the department’s review of an ALS registry proposal. She said the YDC project is underway with tree clearing, fencing, stormwater and site-prep work, and remains on track for completion by June 30, 2026 and operation by August 30, 2026. The center currently has 12 youth, and the new design is intended to provide flexibility for fluctuating census levels. On ALS, Tilly explained that HB 576 had prompted the department to examine whether a registry could be built, but the estimated cost of a HIPAA-compliant system was about $750,000. She said DHHS is reviewing whether existing data sources, such as hospital discharge data and CHIS claims data, could provide useful information, but noted both are incomplete for registry purposes. Committee members discussed whether the Rare Disease Advisory Council, Dartmouth, or existing cancer registry infrastructure could help reduce costs. DHHS said it is neutral and willing to continue exploring alternatives, while members emphasized the value of a registry and the need to consider shared infrastructure and funding. The committee also heard from Jenny Horan of the Alzheimer’s Association, who presented the subcommittee’s report on Alzheimer’s disease and related dementias. She said the subcommittee spent the past year gathering information on dementia care, abuse and exploitation issues, caregiver strain, and available services, and is now moving into a second phase focused on identifying gaps and developing a state plan. Members asked about geriatric psychiatric capacity and long-term care availability; Horan said the state has limited capacity and that the plan will help clarify where needs are greatest. She offered to return for follow-up questions at a later meeting. Finally, Olivia May of DHHS presented the quarterly report on the 12-month postpartum Medicaid coverage extension. She said New Hampshire implemented the extension after federal and state action, and the first claims data are still emerging because of reporting lags. In the initial cohort studied, 95% received some medical services during the extended period, 52.4% received mental health or substance use disorder treatment, 26.7% received preventive visits, and 3.2% received heart or hypertension services. Members asked about return on investment and whether higher federal matching rates are being used appropriately; DHHS said it claims the highest possible match based on eligibility group and will return with more data over time. The committee then heard the annual therapeutic cannabis program report from Michael Holt, who said the program had 1,475 registered patients as of June 30, 2024 and that growth has slowed, with New Hampshire having the lowest per-capita medical cannabis enrollment nationally.