Video & Transcript : 'lender cap' :

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CA

California 2025-2026 Regular Session

Senate Natural Resources and Water Committee Apr 7th, 2026

Natural Resources and Water

Transcript Highlights:
  • And that offers a credit enhancement to mitigate the risk of default, which enables participating lenders
  • lower rates... ...credit enhancement to mitigate the risk of default, which enables participating lenders
  • And remember, this is done by a private lender that's lending to an individual.
Summary: The committee heard SB 872, which would direct $300 million annually for 20 years to repair Central Valley subsidence damage and Delta levees to protect State Water Project deliveries. The author and supporters said the bill is needed to safeguard water for 27 million Californians, prevent threats to life and billions in infrastructure, and address long-standing levee and canal vulnerabilities. Testimony in support came from Restore the Delta, the Central Coast Water Authority, and a broad coalition of water agencies, environmental groups, local governments, and business interests; one organization, the California Chamber of Commerce, supported if amended to include federal conveyance infrastructure. No opposition witnesses appeared. Members from both parties praised the bipartisan coalition and discussed funding, beneficiary-pays concerns, and the need to prioritize water infrastructure. The committee voted 5-0 to pass SB 872 as amended to Appropriations, with the bill placed on call. The committee then heard SB 1305, a study bill on the feasibility of reintroducing the California grizzly bear. The author and tribal co-sponsors framed the measure as a science-based, consultation-driven roadmap that would not authorize reintroduction but would evaluate habitat, impacts, and implementation. Supporters, including tribal representatives, conservation groups, and animal welfare organizations, emphasized the grizzly’s cultural significance, ecological role, and the value of planning for coexistence. Opposition came from retired and current law enforcement, county officials, ranching and hunting groups, and rural representatives, who raised public safety, staffing, livestock, and wildlife-management concerns, arguing the Department of Fish and Wildlife lacks resources for another apex predator. Committee members debated whether risk, public safety, local control, and potential reintroduction areas should be addressed earlier in the process. The author agreed to consider amendments on those points and on funding and local authority. The committee voted 4-1 to pass SB 1305 as amended to Appropriations, with the bill held on call. The committee also heard SB 1079, which would create a Cal Fire Fire Innovation Unit to identify firefighter needs, test new technologies, and speed deployment of successful wildfire tools. The author said the bill would formalize a pipeline from pilot projects to statewide use and build on existing Cal Fire technology efforts. Support came from Megafire Action, Fireworks, Aurora Tech, and the Orange County Fire Authority; the California Association of Realtors supported if amended to allow nonprofits to administer grants directly to homeowners. With no opposition testimony, the bill was moved on a 2-0 vote and held on call pending additional members. The committee later took up SB 997, a district bill for the North Fork Kings Groundwater Sustainability Agency that would grant lien authority so it can enforce groundwater fees and sustainability plan requirements without relying on civil litigation. Support came from water contractors, rural counties, and county associations; members discussed whether similar authority should be extended to other GSAs. The bill was moved on a 2-0 vote to Judiciary and held on call.
ID

Idaho 2026 Regular Session

Feb 25th, 2026

Business

Transcript Highlights:
  • And it just grants authority or priority to the bank lenders in that situation.
  • Morgan Chase was the lender to Lehman Brothers, and also another division of J.P.
  • And then the bank that you're with then takes that and uses that as collateral to a lender.
Committee: House Business
AZ

Arizona 2026 Regular Session

02/18/2026 - Senate Judiciary and Elections

Judiciary and Elections

Transcript Highlights:
  • Child safety caps, the things normal pharmaceuticals require anyway.
  • Child safety caps, the things normal pharmaceuticals require anyway.
  • Madam Chair and members, the strike-everything amendment removes the $100,000 cap on restitution that
  • The amendment basically sets a range of 1% to 1,000, with a cap of no more than 10% for that district
  • Madam Chair and members, Senate Bill 1657 caps the amount of attorney fees that the court may assess
ND

North Dakota 2026 1st Special Session

Tax Reform and Relief Advisory Committee Aug 26th, 2026 at 10:00 am

Tax Reform and Relief Advisory Committee

Transcript Highlights:
  • That 75% carryover is the cap.
  • I can pull it up, but the 3% cap does have, the cap is applied to either the adjusted year levy, which
  • And so I will just say that that calculation of how to account for those caps, cap allowances separately
  • But definitely, we zero in on the cap calculation piece.
  • And the tax is capped at $600 million.
Summary: The Tax Reform and Relief Advisory Committee met with a quorum and approved the prior minutes. Staff reviewed the interim work schedule, noting that most assigned studies were complete and that the final meeting would be September 29, with remaining work focused on economic development tax incentives, the stripper well exemption, and property tax reform items such as the primary residence credit. The committee then took up a referral on political subdivision compliance with state law, especially reserve limits and levy calculations. State Auditor Josh Gallion explained the audit standards used for local governments, the state auditor’s limited authority to force compliance, and the practical challenges created by a shortage of auditors. He used Stark County and Mountrail County examples to show how reserve balances affect levy calculations, including Stark County’s 2023 general fund levy issue and Mountrail County’s zero-levy approach. Stark County Commission Chair Neil Messer defended his county’s decision to keep reserves for major projects and volatility in oil-related revenues, while acknowledging the county remained out of compliance with the 75% reserve rule. Committee members and staff discussed possible enforcement mechanisms, the role of county auditors, and whether the law should be changed to better fit current fiscal conditions. Linda from the Association of Counties and Matt Gardner from the League of Cities said both organizations have been heavily training local officials on the new tax cap and reserve rules. Linda said counties and cities are using standardized worksheets for the 3% cap and levy limitations, and suggested that an affidavit certifying compliance could be attached to levy submissions. She also clarified that the primary residence credit does not reduce mill levies; it only reduces the taxpayer’s bill. Gardner said city auditors receive required finance training and that his organization was unaware of current city reserve noncompliance. The committee did not take action on the issue and planned to revisit it at the September 29 meeting. The final portion of the meeting moved into a subcommittee report on the property tax statement, where Representative Headland introduced a bill draft to remove the legislative property tax relief line from the statement for further committee discussion.
MN

Minnesota 2025-2026 Regular Session

Committee on Health and Human Services - 03/11/25

Health and Human Services

Transcript Highlights:
  • Enrollment caps were instituted to address the concerns of the insurers left in the market, many of whom
  • Enrollment caps were instituted to address the concerns of the insurers left in the market, many of whom
  • Um, just one data point in the early part of this year, farmer lender mediations, farmers facing the
  • 01:21:33.120><c> this</c><01:21:33.280><c> year,</c><01:21:33.520><c> farmer</c><01:21:33.920><c> lender
  • </c> early part of this year, farmer lender early part of this year, farmer lender mediations,<01:21:
MN

Minnesota 2025-2026 Regular Session

House Commerce Finance and Policy Committee 3/27/25

Commerce Finance and Policy

Transcript Highlights:
  • Every month, the department publishes the maximum interest rate that lenders can charge for certain types
  • publishes the maximum interest<00:03:18.720><c> rate</c><00:03:18.959><c> that</c><00:03:19.080><c> lenders
  • </c><00:03:19.599><c> can</c><00:03:19.760><c> charge</c> interest rate that lenders can charge interest
  • rate that lenders can charge for<00:03:20.280><c> certain</c><00:03:20.560><c> types</c><00:03:20.799
Bills: HF2601 , HF2607 , HF2027 , HF2608
HI
Transcript Highlights:
  • Lenders will understand it. Appraisers will understand it. Escrow will understand it.
  • maybe a few programs but we can explain maybe a few programs but we can explain it<00:44:11.520><c> lenders
  • will</c><00:44:12.559><c> understand</c><00:44:12.760><c> it</c><00:44:13.400><c> appraisals</c> it lenders
  • will understand it appraisals it lenders will understand it appraisals will<00:44:14.520><c> understand
Committee: House Housing
Summary: The House Committee on Housing held a public hearing on a series of housing bills. HB 1432 and HB 1428 drew support from HHFDC, and HB 1428 also received testimony from Hawaiian Community Assets, which said housing counseling funding is needed to meet demand for financial education tied to affordable housing, and that such counseling can help reduce evictions, prevent foreclosure, and stabilize households. HB 833 on community land trusts received broad support from HHFDC, county housing officials, community land trust representatives, and a local developer; testimony emphasized keeping housing affordable in perpetuity, but also asked for clearer access to financing, longer repayment terms, and inclusion of additional land trusts in the bill. Peter Savio argued that community land trusts are the best way to control demand and keep housing tied to local incomes. The committee also heard HB 19 on the Dwelling Unit Revolving Fund, which HHFDC said should be made permanent because the pilot has been successful, with 81 units in the program and $7.4 million of the $10 million allocation already committed. HHFDC said the fund helps stalled for-sale projects by providing state equity that revolved back when homes are sold. HB 529 and HB 432 were also heard; HB 432 would create a subaccount in the rental housing revolving fund for projects above 60% AMI, and HHFDC said this would help finance housing for households at 65% and 80% AMI. The bill drew support from several housing, business, and industry groups. Several other housing measures were discussed with mixed testimony. HB 419 had HHFDC support, Limby Hawaiʻi opposition, and support from the Grassroot Institute and others; members asked about whether councils approve these projects in one or multiple readings. HB 527 and HB 416 also drew a mix of support and opposition, with questions focused on county approval timelines and whether state-financed projects would still go through normal local review. HB 417 on the rental housing revolving fund prompted questions about how it differs from the Dwelling Unit Revolving Fund and whether it should be more flexible for mixed rental and for-sale projects. HB 418’s proposed working group was noted as potentially unnecessary because HHFDC said a public working group was already being formed. HB 1411 on housing preference raised questions about what happens if a recipient changes jobs, and HB 374 drew an Attorney General’s Office recommendation to remove a duration requirement to avoid possible constitutional travel issues. HB 373 and HB 1492 were also heard, with strong testimony from Peter Savio in favor of a broader trust-based model for affordable housing. No votes or final actions were taken during the hearing.
CA

California 2025-2026 Regular Session

Senate Housing Committee Jun 16th, 2026

Transcript Highlights:
  • Also, many lenders are now refusing to write mortgages for condominiums if associations have underfunded
  • Previous version of the bill had no cap on the reserve special assessment that was originally in the
  • The amendments place a 5% cap on that reserve special assessment, same as the special assessment currently
Summary: The committee heard several housing-related bills. AB 2002 would clarify and extend the REAP 1.0 regional housing planning grant program, with the author and regional planning groups arguing it provides needed technical assistance for housing elements and RHNA compliance; the California Building Industry Association opposed unless amended over concerns about local constraints. The committee discussed accepted amendments on regulations, suballocation to subregions, and spending deadlines, and then passed the bill on a do pass as amended motion to Senate Appropriations. AB 1684 would prohibit HOAs from restricting homeowners’ ability to install or replace cooling systems, with supporters citing heat safety and opponents focusing on building integrity, electrical capacity, permits, and common-area placement; the committee adopted amendments on licensed electrical contractors, disclosure, and permit requirements, and passed the bill to Senate Judiciary. AB 1710 would extend SB 330-style vesting protections to state and regional agencies so housing projects are not subject to later regulatory changes, with supporters emphasizing predictability and opponents warning it could conflict with later state, regional, and federal requirements, especially for water and environmental rules; the bill was passed as amended to Senate Local Government. The committee also heard AB 2263, which would authorize the Santa Clara Valley Transportation Authority to provide employee housing on its land with a preference for VTA workers while keeping units open to the public and compliant with fair housing law. VTA said the bill would help employees facing long commutes and high housing costs, and the committee discussed financing through transit-oriented development partnerships and existing land holdings; the bill was passed as amended to Senate Appropriations. AB 2270 would require the state tax credit committee to account for rural realities when scoring farmworker housing projects for low-income housing tax credits; supporters said current amenity-based scoring disadvantages rural farmworker developments, and the bill was passed as amended to Senate Appropriations. Later, AB 2118 would refine AB 2011 by limiting local objective standards that can block mixed-use and affordable housing projects, with supporters saying cities still use loopholes to delay projects; the committee discussed possible state mandate reimbursement issues and passed the bill to Local Government. Finally, AB 2050 would require HOA reserve funding based on reserve studies, add notice and safeguards for reserve transfers, and phase in funding over six years; supporters argued it would prevent large special assessments and protect homeowners, while opponents said enforcement remains weak and the bill could still burden owners. The committee did not take a final recorded vote on AB 2050 in the portion provided, but members discussed the need for stronger enforcement and the balance between reserve funding and affordability.
CA

California 2025-2026 Regular Session

Senate Housing Committee Jun 16th, 2026

Housing

Transcript Highlights:
  • Also, many lenders are now refusing to write mortgages for condominiums if associations have underfunded
  • Previous version of the bill had no cap on the reserve special assessment that was originally in the
  • The amendments place a 5% cap on that reserve special assessment, same as the special assessment currently
Committee: Senate Housing
WA

Washington 2025-2026 Regular Session

Senate Local Government Feb 19th, 2026 at 01:30 pm

Local Government

Transcript Highlights:
  • It seems to me, I'm not a financier, but the lender would see these as risky investments.
  • So is there any challenge in terms of finding lenders, or is the rate higher? Thank you for that.
ID

Idaho 2026 Regular Session

Feb 3rd, 2026

Agricultural Affairs

Transcript Highlights:
  • They do an ag credit survey of lenders across a variety of different regions.
  • expiration and also needing more time to do so or to get data in or to have conversations with their lenders
WA

Washington 2025-2026 Regular Session

House Local Government Jan 16th, 2026

Transcript Highlights:
  • further exacerbate our housing crisis today by adding undue risk to project proponents and their lenders
  • Furthermore, project size has nothing... ...undue risk to project proponents and their lenders.
Summary: The committee heard public testimony on several housing, building code, and permitting bills. HB 2228 would direct the State Building Code Council to convene a technical advisory group to recommend code amendments allowing scissor stairs in buildings with more than two dwelling units. Supporters, including architects, builders, and housing advocates, said scissor stairs could improve safety, reduce corridor and stair footprint, lower costs, and allow more efficient and denser housing layouts. The bill was then closed to public hearing. HB 2381 would create a performance-based code pathway for low-rise residential buildings and allow recognition of third-party certifications. The chair described it as a move from prescriptive to performance-based standards, with flexibility for builders and potential alignment with clean building goals. The Building Industry Association of Washington opposed the bill as written, saying the main need is a performance pathway in the energy code rather than the IBC, while FutureWise supported the concept but urged caution about the complexity and timeline of converting code to performance-based standards. The public hearing on HB 2381 was closed after testimony. HB 2418 would change permit review processes, including vesting rules for residential project permits in urban growth areas, pausing review clocks in certain circumstances, extending timelines to other fee-charging reviewing entities, and requiring a single permit responsible official and point of contact by 2027. Builders, developers, and housing advocates generally supported the bill’s coordination and timeline provisions, saying they would reduce delays and costs, though several groups raised concerns about the vesting section and completeness definitions. FutureWise and county representatives warned the vesting changes could create litigation or records issues, while the sponsor said the vesting portion might be reconsidered. The committee also heard HB 2273, which would require embodied carbon reduction standards for larger building projects through reuse, product-based reductions, or whole-building life-cycle assessment. Support came from architects, Commerce, and environmental justice advocates, who said the bill would reduce climate impacts and encourage innovation; opponents from the concrete and aggregate industry and a taxpayer group raised concerns about costs, supply-chain issues, conflicts with other legislation, and exemptions such as for schools. No votes were taken, and the committee adjourned after closing the public hearings.
CA

California 2025-2026 Regular Session

Assembly Floor Session May 11th, 2026

California House Floor Meeting

Transcript Highlights:
  • Without this, many lenders will not write mortgages for condos in these associations.
  • I rise to present AB 2568, which addresses an outdated statutory cap on compensation for those serving
  • Under current law, members of the governing boards of water districts are generally capped at receiving
  • AB 2568 provides permissive authority for these districts to increase that monthly cap to 15 days, ensuring
Summary: The Assembly met in session after a quorum call and opened with prayer, the Pledge of Allegiance, and a ceremonial observance for Asian American and Pacific Islander Heritage Month. Members from multiple caucuses spoke in support of House Resolution 107, which designates May as AAPI Heritage Month, emphasizing the community’s contributions, resilience, and the need to confront discrimination and hate. The resolution was adopted, and the chamber then recognized 13 honorees for the 2026 AAPI Heritage Month celebration, highlighting leaders in education, business, labor, media, cultural preservation, and public service. After guest introductions, the Assembly took up a series of bills. Measures discussed included HOA reserve funding for common interest developments (AB 2050), professional review requirements for lawsuits against design professionals (AB 2106), direct home delivery of enteral formula (AB 1794), expanded CalWORKs-related support for student parents (AB 1829), longer insurance moratoriums for wildfire survivors (AB 2038), election cybersecurity (AB 2281), medical privacy protections for reproductive and gender-affirming care (AB 2448), water district board compensation (AB 2568), county public contract change-order authority (AB 1658), and several other education, health, and licensing bills. Most measures passed with broad support; AB 2050 passed 44-6, AB 2038 passed 45-8, AB 2448 passed 49-13, and AB 1658 passed 61-2, while several others passed unanimously or near-unanimously. The Assembly also adopted AJR 29, a resolution opposing a federal executive order affecting vote-by-mail and affirming California’s mail voting system. The resolution prompted extended debate over election integrity, voter access, and federal versus state authority, with supporters arguing mail voting is secure and accessible and opponents calling for stronger voter list maintenance and verification. The resolution passed 47-13. In addition, ACR 141 and ACR 123 were adopted by voice vote after co-author roll calls, and the chamber continued or passed on numerous other file items as it worked through the daily file.
NH

New Hampshire 2026 Regular Session

House Municipal and County Government (01/16/2026)

Municipal and County Government

Transcript Highlights:
  • </c> cap on this as well? cap on this as well?
  • . cap. cap.
  • So once we hit that cap, every my cap.
  • </c> even for a tax cap. even for a tax cap.
  • </c> have a locally adopted tax cap. have a locally adopted tax cap.
CA
Transcript Highlights:
  • if you cap fees and that's what it costs to do it, it doesn't go away.
  • if you cap fees and that's what it costs to do it, it doesn't go away.
  • Had you thought about that as you were contemplating the cap?
  • So I think just to clarify, this is, I would call it a soft cap.
  • So it's not a hard cap; it's not limiting local... So it's not a hard cap.
Summary: The committee heard several local government-related bills, with testimony focused on permitting, transportation funding, EV infrastructure, and commercial revitalization. AB 1578 by Assembly Member Jackson would require elected local and state officials to take anti-hate speech training through existing sexual harassment training. Supporters said elected officials should understand the impact of their words on hate and democracy; opponents argued the bill lacked a definition of hate speech and could chill protected speech, especially around sex-based issues. AB 2083, also by Jackson, would authorize a regional child care special district serving Moreno Valley and Paris to expand child care facilities and programs for five years. The California Association of Local Agency Formation Commissions opposed the bill’s mechanism but said it was working with the author. AB 1693 by Assembly Member Suber would streamline retail tenant improvement permits by extending a process similar to a prior restaurant permitting law, with qualified professional certification and tighter local review timelines. It drew broad support from retail, business, and property groups and no opposition. Assembly Member Gonzalez presented AB 1679, which would create a temporary commercial activation permit for pop-up businesses to operate in vacant storefronts for up to 120 days. Supporters said it would help fill vacancies and lower barriers for small businesses; there was no opposition, and the bill advanced. Gonzalez also presented AB 2418, which would set timelines for nonresidential plan checks and inspections and allow private plan checkers after excessive delay. Business groups supported it as a way to reduce costly delays, while local government groups had no position but continued discussions with the author; the bill advanced with amendments. Assembly Member Shevlin presented AB 1820, which would cap local permit fees for EV charging installations and create a statewide fee schedule. Supporters said fees vary too widely and can deter charger deployment, while cities and counties argued existing law already requires reasonable cost recovery and that the bill could undercut local budgets and public safety review. Assembly Member DeMaio presented AB 1783, which would prohibit state and local mileage taxes or road user charges. Supporters framed it as a defense against a new tax burden, while opponents said studying road user charges is necessary to address declining gas tax revenue and future transportation funding needs. AB 1693, AB 1679, and AB 2418 were moved forward with motions and roll calls; AB 1783 was taken up with a motion and roll call left open, and AB 1820 remained under discussion at the end of the excerpt.
CA
Transcript Highlights:
  • And then within these EOs, there are targets on state climate policies like California's cap-and-invest
  • Lenders and investors ask whether a project can predictably reach operation on a known schedule.
Summary: The Assembly Committee on Utilities and Energy held an oversight hearing on accelerating clean energy development and helping projects capture expiring federal tax credits. The chair framed the hearing around federal actions under HR 1, which sharply shortens the timeline for wind and solar projects to qualify for tax credits, and Governor Newsom’s Executive Order N-3325, which directs state agencies to speed siting, permitting, and construction. Sarah Fitzsimmons of the Independent Energy Producers Association explained the federal deadlines, the shift from the 5% safe-harbor test to a physical-work test, and the main bottlenecks California projects face, especially interconnection delays, environmental review, and limited transparency around self-build options for network upgrades. Panelists from the Union of Concerned Scientists, Southern California Edison, and EDF Power Solutions largely agreed that transmission constraints, permitting, and queue management remain the biggest barriers. UCS emphasized long-standing transmission delays, the need for more accountability and standardized reporting, and the importance of keeping reforms focused on the projects most likely to reach completion. SCE said it has increased interconnection throughput through process changes, digital tools, and coordination with regulators, while noting that developers and utilities must work closely together on project-specific issues. EDF described how overlapping permitting, interconnection, and procurement timelines create risk, and argued that clearer policies on self-builds, equipment standards, and affected-system studies could help reduce delays. State agency representatives from the CPUC, CAISO, and Go-Biz reported strong recent clean energy progress, including record levels of new capacity and battery storage coming online, and described ongoing efforts such as the Integrated Resource Planning process, General Order 131-E updates, the Transmission Project Review Process, the Transmission Development Forum, and the TED Task Force. They said these efforts are helping identify delays, improve transparency, and coordinate solutions, including possible self-build arrangements and local permitting reforms. Committee members pressed the agencies on who is ultimately in charge of the effort, whether the state has quantified the ratepayer impact of losing federal tax credits, and whether the 90-day report required by the executive order is complete; the agencies said the report is still in development. Public commenters echoed the need to move beyond monitoring toward stronger prioritization and accountability to meet the 2029 and 2030 project deadlines.
CA

California 2025-2026 Regular Session

Assembly Utilities and Energy Committee Feb 18th, 2026

Utilities and Energy

Transcript Highlights:
  • And then within these EOs, there are targets on state climate policies like California's cap-and-invest
  • Lenders and investors ask whether a project can predictably reach operation on a known schedule.