Transcript Highlights:

• So I don't at this moment have a capital need.
• Right now, we're having to use this funding capital outlay to do that.
• I think that is our greatest asset in terms of retaining employees.
• Secured capital awards from PSCOC, and that's a non-C.
• So capital should be able to be applied here.

Committee: House New Mexico Finance Authority Oversight Committee

Transcript Highlights:

• When hedge funds turn lawsuits into financial assets, cases take longer, they cost more, and everyone
• When hedge funds turn lawsuits into financial assets, cases take longer, they cost more, and everyone
• Again, we exist because these are capital-intensive cases that wouldn't be brought forward.
• , combinations, and conspiracies, restraint of trade, monopolization, and acquisition of stock or assets
• Second, HB 2548 requires other important transactions, including significant asset sales, to be reported

Summary: The committee held public hearings on House Bill 2255, House Bill 2548, and House Bill 2320. HB 2255 would regulate third-party litigation funding by requiring disclosure of funders and agreements, prohibiting funder control over litigation, capping funder recovery at 25%, and creating enforcement remedies. Supporters, including the sponsor, insurance groups, and liability reform advocates, described it as a transparency and consumer-protection measure that could improve court efficiency and reduce costs. Opponents, including the Washington State Association for Justice and the commercial litigation funding industry, argued it would burden plaintiffs, reveal protected work product, chill access to justice, and create satellite litigation. No vote was taken; the chair closed the hearing and asked testifiers to submit written comments. HB 2548 would expand state oversight of health care market transactions by broadening the types of mergers, acquisitions, asset sales, and ownership/control changes that trigger notice to the Attorney General, pausing transactions until information requests are substantially complied with, expanding interagency data sharing, and revoking nonprofit status in certain transactions. Supporters, including patient advocates, nurses, the Office of the Insurance Commissioner, the Attorney General’s office, physicians, and individual health care workers, said private equity and consolidation are driving higher costs, reduced access, and lower quality. Opponents from the Washington State Hospital Association and MultiCare said the bill is unclear, may contain drafting errors, does not adequately target private equity structures, and could create problems around nonprofit status and charitable assets. The hearing ended with the committee moving on to the next bill. HB 2320 would update Washington’s ghost gun laws to address 3D-printed firearms, CNC manufacturing, digital firearm manufacturing code, and the sale of machines marketed for firearm production, and would make certain violations per se Consumer Protection Act violations. The sponsor and supporters, including school officials, gun violence prevention advocates, a trauma survivor, a 3D-printing industry representative, and others, said the bill closes a public safety loophole and responds to the growing availability of untraceable weapons. Opponents, including the NRA, makerspace representatives, and some industry witnesses, argued the bill is overbroad, may sweep in lawful 3D-printing and CNC activity, raises First, Second, and Fifth Amendment concerns, and could create uncertainty through rebuttable presumptions and the CPA provisions. The transcript ends during the HB 2320 hearing, with additional testimony panels still to come and no final committee action recorded.

Transcript Highlights:

• their<00:30:08.320><c> date</c><00:30:08.480><c> of</c><00:30:08.640><c> the</c><00:30:08.760><c> capital
• so thank you their date of the capital so thank you for<00:30:09.519><c> being</c><00:30:09.760><c>
• </c> is just independently from a uh Capital is just independently from a uh Capital cost<00:38:17.839
• cost but can make significant capital cost but can make significant changes<00:38:22.839><c> in</c><
• costs of Highway bus rpid capital costs of Highway bus rpid transit<01:32:34.400><c> projects</c><01

Committee: House Transportation Finance and Policy

Transcript Highlights:

• .than $50 million in private capital in order to advance the projects.
• They're going to utilize that increased revenue to P&A their own assets.
• They're going to utilize that increased revenue to P&A their own assets.
• If you sell an asset, you're still on the chain of title. You're contending that...
• If you sell an asset, you're still on the chain of title.

Summary: The committee heard a series of natural resources bills, with several measures accepted on committee amendments and moved forward on party-line or near-unanimous votes. AB 2461 on oil and gas bonding and well-closure financial assurance drew strong support from environmental groups and some legislators, while an industry representative was neutral and warned about unintended consequences and reduced transfers. Senators Laird and Cabaldon supported the bill as a clarification of AB 1167, and the committee voted do pass as amended to Appropriations, with the bill placed on call. The committee also approved a consent calendar of 10 bills, which was moved and held on call. AB 53 by Assemblymember Ramos, as amended, would expand tribal eligibility for conservation grants and loans and express legislative intent to create a process for returning ancestral lands to federally recognized tribes. Tribal and environmental supporters argued the bill recognizes tribal stewardship and helps remove barriers to conservation participation, while county, farm bureau, and habitat league witnesses raised concerns about long-term land management, public accountability, easements, and jurisdiction if lands are transferred. Committee members emphasized the importance of preserving conservation protections and continuing work on the land-return framework; the bill was moved do pass as amended to Appropriations and held on call. AB 2679 on Lake Tahoe corridor safety and access was supported by local officials and the Tahoe Regional Planning Agency, who described dangerous parking, pedestrian conflicts, and a successful shuttle pilot, and the bill was moved do pass as amended to Appropriations. AB 1666, creating biomass innovation parks and other incentives for non-combustion uses of forest and agricultural biomass, received broad support from business, conservation, and local government witnesses, with senators framing it as a way to address wildfire debris and create rural jobs; it also advanced do pass as amended to Appropriations. AB 2494, which would modernize the demonstration state forest system and elevate biodiversity, recreation, carbon storage, and tribal stewardship over maximum sustained production, drew strong support from environmental and tribal advocates but significant opposition from forest industry, county, and research witnesses who warned it could undermine research, sustainable forestry, and local economies; the author said he would continue negotiations, and the bill was moved do pass to Appropriations. The committee also heard AB 2234, which updates the definition of geothermal exploratory projects, and AB 2521, which seeks to use the California Council on Science and Technology for watershed-wide water availability analyses to help identify excess water for groundwater recharge. Both bills had support from sponsors and some stakeholders, while AB 2521 drew concerns from agricultural water interests about agency reliance, public trust considerations, and funding. Both measures were moved do pass as amended to Appropriations. Finally, AB 2410 would extend a CEQA exemption for certain fuels-reduction projects in high fire-risk areas; local government groups supported it as a wildfire-prevention tool, while environmental and other opponents argued the remaining exemption still weakens habitat protections and public review, and one witness sought to remove conventional herbicides from the exemption.

Transcript Highlights:

• Administration 418, Capital Architecture Board 6.29. Minnesota Management and Budget is on 3.31.
• Administration<00:03:08.440><c> 418,</c><00:03:09.440><c> Capital</c><00:03:10.080><c> Architecture</
• c> Administration 418, Capital Architecture Administration 418, Capital Architecture Board<00:03:11.440
• </c><00:05:00.400><c> mall</c> 2023 and that is for the capital mall 2023 and that is for the capital
• Uh today we're here to um assets.

Bills: HF2783

Committee: House State Government Finance and Policy

Transcript Highlights:

• Under the definition of capital improvement, I'll give me an example, under the definition of capital
• Under the definition of capital improvements in the bill, it basically is a capital improvement that
• So then our concern then is specifically addressing the 50% on equipment rather than capital assets,
• Rather than capital assets, such as a building or something along those lines. Mr.
• asset that is being impacted by the growth of our communities.

Committee: House Local Government

Transcript Highlights:

• He would be a really good asset to the Board of Agriculture and Biosecurity.
• to the Board of Agriculture and asset to the Board of Agriculture and Biosecurity.<00:08:16.080><c>
• They're afraid to ask for that capital. They're afraid to ask for operating expenses.
• They're afraid to ask for that capital.
• </c><00:37:37.440><c> this</c> considered the most valuable asset this considered the most valuable asset

Committee: Senate Agriculture and Environment

Summary: The committee heard gubernatorial nominations for the Advisory Committee on Pesticides and the Board of Agriculture and Biosecurity. For GM 615, Matthew Liam was nominated to the Advisory Committee on Pesticides. The Department of Agriculture and Biosecurity, CGAPS, and the Hawaii Farm Bureau testified in strong support, citing his landscape industry leadership, pesticide training background, and prior service. Members asked about his experience in Australia and his approach to restricted-use pesticides; he said he avoided using restricted-use pesticides in his landscaping business but applied related safety and recordkeeping practices. Testimony was unanimous in support, with no opposition or comments. For GM 616, N. Young was nominated to the Board of Agriculture and Biosecurity. Support testimony from the Department of Agriculture and Biosecurity, Hawaii Farm Bureau, and Hawaii Cattlemen's Council highlighted his experience with Lanai agriculture, Sensei, the Food Basket, Pacific Gateway Center, Kamehameha Schools, and institutional purchasing. In response to questions, he discussed balancing public and private funding, the need for adequate capitalization of agricultural projects, and using financial tools to help farmers and accelerate agricultural income streams. He also said the board should focus on making agricultural land productive and strengthening food security. The nomination drew strong support, with no opposition or comments. For GM 617, Jason Moniz was nominated to the Board of Agriculture and Biosecurity. The Department of Agriculture and Biosecurity, Hawaii Farm Bureau, and Hawaii Cattlemen's Council supported him, emphasizing his decades of veterinary and animal disease control experience, ranching background, and knowledge of biosecurity, leases, and livestock issues. Moniz said his priorities would be preserving agricultural land and water resources, improving biosecurity, supporting farmers and ranchers, and increasing food production in Hawaii. He also said he would be willing to speak up for agriculture and not let the department be sidelined. The nomination received 29 written and oral supports, with no opposition or comments.

Transcript Highlights:

• There would be no way to raise capital for the projects.
• We can't securitize the volumes of capital that are required.
• Cover conductors are still a capital project.
• These chargers are at risk of becoming stranded assets.
• And as I said, we don't want them to be stranded assets.

Summary: The committee heard several energy and utilities bills, with testimony largely focused on wildfire mitigation, affordability, clean energy planning, and utility accountability. AB 706, by Assembly Member Aguiar-Curry, would create a fund to support projects that use forest biomass waste from wildfire mitigation and forest restoration; supporters said it would reduce open burning and emissions while providing reliable renewable power, and the bill later passed 13-0. AB 39, by Assembly Member Zbur, would require larger cities and counties to adopt electrification planning strategies for transportation and buildings; it drew broad support from clean energy, labor, environmental, and local government advocates and passed 9-0. AB 1167, by Assembly Member Berman, would restrict investor-owned utilities from charging ratepayers for lobbying, promotional advertising, and similar shareholder-benefit expenses; supporters framed it as an affordability and transparency measure, while utilities argued the bill was overly broad and already covered by existing rules. It passed 7-0, with some members not voting and the roll left open. The committee also considered AB 1417 on offshore wind community funding transparency, which was amended to remove new fees and instead require reporting on developer support for local and tribal community capacity-building; opposition was withdrawn and the bill passed 9-0. AB 367, by Assembly Member Bennett, would require water districts in high fire-risk areas of Ventura County to have backup power, full tanks during red flag warnings, and hardened facilities; water agencies opposed unless amended due to cost and liability concerns, but the bill passed 10-0. The consent calendar, including multiple additional measures, was approved 11-0. Other bills drew more divided testimony. AB 745 would allow securitization to finance utility undergrounding and prohibit a return on equity for undergrounding projects; supporters said it would lower ratepayer costs, while utilities warned it would effectively discourage undergrounding and could raise other rates. The bill passed 7-4 and was left on call. AB 1423 would apply reliability standards to publicly funded EV chargers installed before 2024; supporters said taxpayers should get functioning chargers, while charging-network representatives objected to retroactive requirements and possible conflicts with existing agreements. It passed 13-0. AB 388 would create a narrow exception to utility regulation to facilitate green hydrogen projects using private power lines; supporters said it would unlock low-cost renewable hydrogen and jobs, while utilities raised concerns about customer protections and grid planning. It passed 12-0. The committee also began hearing AB 825, which the author said would address the high cost of financing major transmission and generation buildout, but the transcript cuts off before the full presentation and action on that bill.

Transcript Highlights:

• In counties like Placer, agricultural land is not just an economic asset.
• for ensuring beneficiaries are notified or connected to the asset.
• I'm not exactly sure what you're referring to around the Capital NX project.
• The Capital Annex project...
• But it failed to identify those assets.

Committee: Senate Judiciary

Summary: The committee heard several bills, with testimony largely focused on child safety, immigrant community transparency, agricultural land security, consumer protection, estate transfers, detention commissary pricing, and public works wage enforcement. SB 1234 would require fentanyl to be included in drug tests ordered by juvenile courts for parents or guardians in dependency cases; the author said it was a narrow child-safety measure, and there was no opposition. SB 1257 would require the Attorney General to publish annual reports on immigration enforcement incidents at designated safe locations; supporters said it would improve accountability and document fear in immigrant communities, while questions centered on how the data would be collected and concerns were raised about sanctuary policies. SB 1176 would bar foreign adversary entities from buying or controlling California agricultural land; supporters framed it as a national security measure, while committee members pressed the author on enforcement, who would verify buyers, and possible discriminatory application. The bill was moved on a 2-4 vote and placed on call after the author said he would work on clarifying responsibility and nondiscrimination concerns. The committee also heard SB 1146, which would require clear disclosure when AI-generated or altered images, audio, or video are used in health-related advertisements depicting health care providers. The California Medical Association and California Dental Association supported the bill, saying it would curb deceptive deepfake ads and protect consumers; it passed unanimously, 7-0. SB 988 would restrict assignment of benefits in auto glass claims, require claim numbers and itemized estimates, and update repair disclosure rules to curb overbilling and steering; supporters said it would protect consumers and stabilize insurance costs, while independent glass shop concerns about steering and market concentration were discussed. The bill passed 7-0, with one member abstaining because of a conflict. SB 1288, presented on behalf of Senator Laird, would require financial institutions to make good-faith efforts to notify beneficiaries of non-probate assets and would simplify access requirements, especially for nonprofits. Supporters described long delays and burdensome account-opening requirements; SIFMA and the California Bankers Association opposed the bill unless amended, citing conflicts with federal and industry obligations and concerns about retroactive burdens. The bill passed 8-0. SB 941 would cap commissary markups in private immigration detention facilities at 35% above vendor cost; supporters said detainees often pay excessive prices for basic necessities, and the bill passed 8-0. Finally, SB 909 would raise and index public works contractor fees and penalties and dedicate more penalty revenue to enforcement; labor supporters said stronger funding is needed to address wage theft and backlogs, while contractors warned of uncapped costs and reduced transparency. The discussion continued with questions about enforcement and whether stronger penalties or license restrictions would better deter repeat violators.

Transcript Highlights:

• And it's entirely asset-based. It's not programmatic.
• And it's entirely asset base. It's not programmatic.
• If you are trying to build your capital stock, if you're trying to invest in a substantial asset, you
• So there's... ...and assets and liabilities are on the other side of the ledger.
• It also provides an asset and a resource.

Summary: The committee heard several housing-related measures, beginning with SB 222 by Senator Wiener, the Heat Pump Access Act. The bill would streamline permitting for heat pump water heaters and HVAC systems, allow virtual contractor participation during inspections, and limit HOA barriers to installation. Supporters, including Spur, a contractor, and several clean-energy and environmental groups, said the measure would lower costs, reduce pollution, and speed replacements. The League of California Cities opposed the bill over the permit fee cap and concerns about virtual inspections, while committee members raised questions about HOA authority, electrical panel upgrades, and whether the bill could create unintended costs for local governments. SB 222 was approved 10-0 and sent to Local Government. The committee then considered SB 677, a follow-up to SB 79. The author announced the bill had been narrowed to two items: mobile home exemption language and a future SB 79 cleanup bill in the next session, with the larger set of implementation issues to be handled separately. Local governments and counties said the reduced bill still needed clearer definitions and more implementation guidance, while several housing and transit advocates supported the narrowing and the decision to revisit the broader cleanup later. After the amendments were accepted, SB 677 passed 10-1 and was sent to Local Government. The main debate centered on SB 417, a proposed $10 billion affordable housing bond for the 2026 ballot. Supporters, including the California Housing Consortium, labor, housing nonprofits, local governments, and many advocacy groups, argued that the state’s existing housing bond funds were exhausted, that thousands of shovel-ready projects were waiting for financing, and that the bond would leverage federal tax credits and private capital to produce and preserve affordable homes. Opponents and skeptics focused on state debt levels, the cost of housing production, and whether another bond was the right approach, with Habitat for Humanity asking for a dedicated CalHome allocation. Committee members discussed debt capacity, affordability, homeownership, and the need to keep funding flowing to existing programs. SB 417 passed 8-1 to Appropriations. The committee also heard SB 492, a youth housing and youth center bond proposal, which the author said was intended to be folded into the larger housing bond package; testimony from Covenant House California emphasized the need to house transition-age youth and prevent long-term homelessness. No vote on SB 492 was shown in the transcript excerpt.

Transcript Highlights:

• He is the new Deputy Director of Capital Operations. Welcome, Mr. Murray.
• Public School Capital Outlay, another piece is teacher housing appropriations.
• So I'm not sure how that works, but are you talking about capital outlay in general or from the fund?
• and assets.
• year, we want to hand the ownership over to the district for them to start maintaining their own assets

Transcript Highlights:

• </c> asset protection lens. asset protection lens.
• The building is the state's asset and the place for the people.
• The building is the state's asset and The building is the state's asset and the<00:07:01.520><c> place
• You know you don't use government assets this way.
• You know you don't use government assets this way.

Transcript Highlights:

• been highly successful at targeting sophisticated financial crimes and scams, and will am... up civil asset
• Chairman, 1498. aims to expand law enforcement's asset forfeiture capabilities to encompass digital.
• assets.
• Currently, there's a gap in Chapter 59 that provides that asset forfeiture is to be seized and is to
• But, if victims know that reporting could help to recover assets that could be used to compensate them

Bills: SB1281 , SB1300 , SB1379 , SB1451 , SB1497 , SB1498 , SB1499

Committee: Senate Criminal Justice

Transcript Highlights:

• And the third finding: while performing an observation of assets from a current capital asset listing
• presented for observation had no identifying tag number and/or serial number documented on the AIS fixed asset
• discovered having been transferred to marketing redistribution; however, the item remained on the fixed asset
• During our review of asset acquisitions, deletions, and observation, we also noted the following: two
• items were not capitalized at the correct amount; one item that was still on hand was removed from AIS

Committee: All LEGISLATIVE JOINT AUDITING-STATE AGENCIES

Summary: The committee met with prayer and approved the January minutes, then heard a series of Arkansas Legislative Audit reports. Reports with findings were presented for the Department of Human Services, Department of Parks, Heritage, and Tourism, Department of Corrections, and Department of Veterans Affairs, along with a special report on law enforcement racial profiling policy compliance. Several reports without findings were also filed without objection. For DHS, auditors reported apparent thefts involving false benefit claims in disaster nutrition assistance and Medicaid, a nearly $610,000 altered warrant cashed by a California auto body shop, and multiple asset-control issues, including missing equipment, inventory discrepancies, and improper sales tax paid on exempt vehicle purchases. Members questioned DHS about the warrant fraud and whether other agencies or California officials had been notified. For Parks, Heritage, and Tourism, auditors cited missing museum receipts and problems with change funds at Daisy State Park and War Memorial Stadium; department officials said they are considering cashless payment options and provided an update on the museum loss investigation. For Corrections, auditors reported unauthorized personal fuel-card purchases totaling about $4,500 and a delayed disaster recovery test for critical IT systems. Department officials said staffing has been increased for fuel-card oversight and that a full production disaster recovery test is scheduled soon. For Veterans Affairs, auditors found improper pay for employees who were not working, duplicate vendor payment, and numerous overtime approvals that were not properly authorized; the department said it has tightened overtime approval procedures. The special report said only 203 of 383 law enforcement agencies had responded regarding racial profiling policies, and the Attorney General had notified the remaining agencies that they were not in compliance. The committee requested a list of nonresponding agencies and adjourned, with the next meeting scheduled for March 12.

Transcript Highlights:

• The Committee on Ways and Means, to whom was referred the bill authorizing the Division of Capital Asset
• The Committee on Ways and Means, to whom was referred the bill authorizing the Division of Capital Asset
• Second reading of the bill: An Act authorizing the Division of Capital Asset Management and Maintenance
• An act authorizing the Division of Capital Asset Management and Maintenance to dispose of certain parcels
• Third reading of the bill: An act authorizing the Division of Capital Asset Management and Maintenance

Transcript Highlights:

• PG&E, for example, through 2030 is projecting $73 billion in capital expenditures, 9% annual increase
• some portion of these future capital investments.
• There is not an unlimited amount of capital that can come to California.
• There is not an unlimited amount of capital that can come to California.
• And my only issue is water is... ...water is our most important asset.

Committee: House Utilities and Energy

Transcript Highlights:

• </c><00:41:59.440><c> on</c> we have to be able to capitalize on we have to be able to capitalize on
• Uh we sometimes become the only<00:42:54.880><c> asset</c><00:42:55.200><c> that</c><00:42:55.440><c>
• </c><00:46:40.400><c> that</c> you're not managing the asset that you're not managing the asset that
• They've taken the WRS and they've moved from that to asset management, and they've developed robust asset
• </c><01:15:31.600><c> projects</c> planning process for capital projects planning process for capital

Summary: The Information Technology Oversight Committee met with a quorum, approved the prior meeting minutes, and then heard a presentation from Leadcore representatives Jimmy Bird, Mike Murray, and Rebecca Moss on the Kentucky Wired network. Leadcore described its role as the design-builder and service provider under the KCNA contract, saying the network was built with roughly 13,200 feet of fiber, mostly aerial, and that the use of non-armored cable was a Kentucky-side decision made to reduce cost. They also said aerial construction and non-armored cable increase maintenance challenges, including storm damage and squirrel-related damage, and reported FY25 service activity of 104 break-fix events, 30 maintenance replacements, 64 storm-damage events, and nearly 13,000 feet of fiber replaced to date. Committee members questioned whether the original project anticipated this level of replacement and whether any forecast existed for maintenance under non-armored cable. Leadcore said it did not do a formal forecast and could not say whether the replacement rate was above or below norms, though it acknowledged the decision not to use armored cable came from the Kentucky side of the contract. Members also asked about whether replacements caused network degradation; Leadcore said it tries to replace cable at existing splice points to avoid degradation and, where needed, uses armored cable for replacement sections going forward. The committee then explored Leadcore’s relationship with Excel and KCNA. Leadcore said it has a service-level agreement for KCNA-related fibers but not for dark fibers used by Excel, and that Kentucky Wired fibers get priority on service requests. It said outages are reported through a 1-800 number and that it was not aware of any access problems to the huts. On the tech refresh, Leadcore said its understanding is that maintaining the network is its responsibility, but the technology refresh is not; it said only a very limited amount of refresh has occurred and that this did not match the original contract intent. Leadcore also said it had not been asked to defer maintenance. The chair closed by saying the testimony would inform a committee report and that he intended to recommend clawing back or withholding some previously authorized Kentucky Wired and refresh funding until an audit is complete, with the committee to vote on a report later.

Transcript Highlights:

• We haven't made a draw on our legacy capital yet.
• And I said I crew an asset through the operations side of that.
• So, it is a cash asset we spend as we need.
• So that would return some asset, but it's a kind of a pay up front.
• It's really a fee for service. cash asset. So, I wanna make that happen.

Committee: House A&B Health Subcommittee

Transcript Highlights:

• To serve the capital needs of these firms, investment funds and business development companies have originated
• Among our 600-plus members are approximately 250 asset managers who collectively extend hundreds of billions
• Asset managers operating through multiple affiliated lending vehicles must complete duplicative licensing
• Consequently, the administrative burden for both asset managers and the DFPI would be lightened, while
• in California's commercial lending markets, SB 972 would substantially increase the amount of loan capital

Committee: Senate Banking and Financial Institutions

Summary: The Senate Committee on Banking and Financial Institutions met on SB 972 and a consent calendar item, initially without a quorum. SB 972 was presented by Senator Grayson as a bill to modernize the California Financing Law for non-bank lenders by creating a streamlined umbrella licensing process for SEC-registered investment advisers and their advised lending vehicles. The sponsor, LSTA, testified in support, saying the current process creates duplicative licensing, long delays, and reduced access to capital for California companies, while the bill would preserve DFPI oversight and increase fee revenue. No one testified in opposition. After quorum was established, the committee voted 4-0 to move SB 972 forward, with the motion later recorded as a due pass to the Senate Judiciary Committee. The committee also took up the consent calendar, which was adopted after additional members arrived, with a final recorded vote of 6-0. The committee then adjourned.

Transcript Highlights:

• To serve the capital needs of these firms, investment funds and business development companies have originated
• Among our 600-plus members are approximately 250 asset managers who collectively extend hundreds of billions
• Asset managers operating through multiple affiliated lending vehicles must complete duplicative licensing
• Consequently, the administrative burden for both asset managers and the DFPI would be lightened, while
• in California's commercial lending markets, SB 972 would substantially increase the amount of loan capital

Committee: Senate Banking and Financial Institutions