Transcript Highlights:

• bill for an act relating to housing, establishing a supplemental budget for the Minnesota Housing Finance
• President, members, the Housing Finance and Policy Conference Committee report before us today is somewhat
• President members,<00:01:13.680> the<00:01:13.800> Housing<00:01:14.160> Finance
• the Minnesota Housing Finance Agency. the Minnesota Housing Finance Agency.
• Minnesota Housing Finance Agency. Minnesota Housing Finance Agency.

Keywords: 1187, senate, all

Transcript Highlights:

• Senate Bill 472, introduced by the Committee on Finance, makes appropriations to the Nevada System of
• Senate Bill 478, introduced by the Committee on Finance, makes appropriations to the Supreme Court in
• appropriations made to the Office of Finance in the Office of the Governor.
• The date of a version of certain previous appropriations made to the Office of Finance in the Office
• Senate Bill 480, introduced by the Committee on Finance, makes an appropriation to the Office of Finance

Keywords: 909, all

Transcript Highlights:

• David Evans, Department of Finance.
• David Evans, Department of Finance.
• Eamon Nelbin, Department of Finance.
• I know the Department of Finance wants to weigh in.
• Department of Finance, right? David Evans, Department of Finance.

Keywords: 988, house, all

Transcript Highlights:

• For the governance and financing study, it examines the longer-term governance and financing models for
• For the governance and financing study, it examines the longer-term governance and financing models for
• Now we'll transition to the governance and finance study that evaluates long-term governance and financing
• Next, incentive mismatch in financing.
• Next, incentive mismatch in financing.

Summary: The Water Topics Overview Committee met with a quorum and received updates from the Department of Water Resources and the State Water Commission, followed by presentations from Deloitte on two legislative studies required by House Bill 1020. Director Reese Haas reviewed major project and budget updates, including the Northwest Area Water Supply and Southwest Pipeline projects, Resources Trust Fund balances, carryover spending, project prioritization, bid conditions, regional water system coverage, and department process improvements. Members also discussed how the commission prioritizes projects, maintenance expectations, and the impact of limited municipal water supply funding. No formal committee action was taken during the DWR update; the commission’s municipal funding decisions were described as pending its April 8 meeting. Deloitte then presented the cost-share policy study, which found that under current policy and forecasted revenues, North Dakota faces an estimated $1.3 billion shortfall over 14 years, with a near-term gap of about $1.8 billion through 2031. The firm outlined seven recommended options, including tighter definitions and a 25% cost share for eligible replacement projects, caps and financing strategies for the Mouse River and Red River Valley projects, aligning cost share with commission priority guidance, delaying lower-priority projects, using available lines of credit, and adjusting reimbursement timing for revolving loan funds. Committee members questioned inflation assumptions, affordability, user fees, and the use of legacy fund earnings for bonding, but no decisions were made. In the governance and finance study, Deloitte said final recommendations are still being refined, with a final report due May 29. The study examined the Southwest Pipeline, NAWS, and Red River Valley systems using governance and finance criteria such as decision authority, transparency, affordability, risk, and access to funding. For Southwest, Deloitte outlined options ranging from improved state-authority coordination to transferring ownership to the Southwest Water Authority; for NAWS, options focused on strengthening the authority’s role and potentially transitioning operations and maintenance; and for Red River, options ranged from enhanced facilitation to formal state oversight or state ownership. Members asked follow-up questions about ownership transfer, capital repayment streams, and why NAWS was not considered for transfer, and Deloitte said NAWS’s limited organizational maturity made that option less viable in the near term.

Transcript Highlights:

• So certainly 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 of the entire vehicle purchase.
• For clarification, normally what happens is if a customer decides they want to finance it...
• they would have a financing or a lien interest in the motor vehicle.

Summary: The committee first approved special expenses incurred by the committee, then took up interim study proposals. ISP 2025-069, sponsored by Representative Perry and presented by Representative Eaton, would move collection of sales tax on motor vehicles from the current post-purchase registration process to the point of sale at dealerships. Committee members and DFA discussed the current 60-day registration/tax payment window, possible fiscal and programming impacts on DFA, the added administrative burden on dealers, verification and audit issues, and concerns about whether the change would improve or complicate tax collection. After questions, the committee voted to send the proposal to research/interim study. The committee then considered ISP 2025-071, from Representative Ray, based on House Bill 1636, which would phase out the state excise tax on soda over five years if revenue triggers were met. Representative Ray explained the tax revenue supports the Medicaid trust fund and said the proposal was intended to continue discussion after the bill failed on the House floor in the regular session. Members asked about the annual revenue generated, the trust fund’s other revenue sources, and whether the revenue would be replaced. DFA was asked to provide additional information on how withdrawals from the Medicaid trust fund are authorized and whether the legislature has oversight. The committee then approved the proposal for interim study and adjourned.

Transcript Highlights:

• And then on page six is the third section of the finance, 'The Road Ahead'.
• We think we did something it goes to Senate Finance.
• That it's just the finance side of it.
• Because I mean, we saw that, you know, from the finance, it's hard to track. And so.
• , particularly how finance connects to that capital outlay.

Transcript Highlights:

• for uh with finance with UK Healthcare. for uh with finance with UK Healthcare.
• <00:18:11.920> and project report from the finance and project report from the finance and
• Both of these are with the Finance and Administration Cabinet, Finance Facilities and Support Services
• /c><00:28:56.520> Finance and Administration Cabinet, Finance and Administration Cabinet, Finance
• <00:54:09.720> the The bonds will be issued to finance the The bonds will be issued to finance

Keywords: 0:00:01 Call to Order and Roll Call 0:00:54 Approval of Minutes 0:01:08 Information Items 0:03:18 Postsecondary Institutions - UK 0:18:10 Finance and Administration Cabinet 0:30:13 KY Infrastructure Authority 0:37:30 Cabinet for Economic Development 0:52:11 Office of Financial Management 0:59:20 Remaining 2026 Mtg Dates 1:00:49 Adjournment, 958, all

Summary: The committee first approved the April 27 minutes and then received several informational reports, including University of Kentucky medical equipment purchases, UK’s use of $200 million in Ever funds for a public-private partnership, school district debt issuances, UK’s planned use of construction manager-at-risk delivery on five projects, Kentucky Communications Network Authority capital projects under House Bill 6, and 14 UK lease improvements. Members were told the House Bill 6 item was also being discussed in the Information Technology Oversight Committee and could return later if needed. The main action item was University of Kentucky’s request to approve a $600 million public-private partnership for central plants and utility infrastructure tied to the Chandler expansion. UK said it would shift $200 million from previously authorized restricted funds into the P3, leaving the project financed through private equity and nonprofit debt with no UK or Commonwealth debt. UK representatives said the project is necessary to support 24/7 hospital operations, expand and modernize utility systems, improve redundancy and efficiency, and reduce long-term operating risk. Members asked about the source of the availability payments, which UK said would come from UK Healthcare revenues, and the committee approved the P3 agreement unanimously. The committee also approved a UK lease renewal for a 20,000-square-foot College of Medicine annex near the Bowling Green Medical Center. UK said the lease costs $38 per square foot, or $912,000 annually, and supports medical education expansion in the region, including growth from 120 to 160 students over four years. Members voiced support for the local impact, and the lease passed unanimously. Later, the committee approved a Transportation Cabinet aviation project for two medium box hangars at Capital City Airport, funded by $1,153,000 in federal money and $950,000 from the Aviation Economic Development Fund, which is supported by a 6% jet fuel tax with a $1 million annual cap per company. Members asked about the fund balance, the cap, and airport revenue sources, and staff said the airport also receives entitlement and federal infrastructure funds and earns revenue from hangar rent and fuel sales. The committee then approved two Finance and Administration Cabinet pool projects: a roof and skylight replacement at the Libraries and Archives building and exterior repairs at several state buildings. Finally, the committee approved six Kentucky Infrastructure Authority action items after hearing about one loan increase for the Springfield Wastewater Treatment Plant and five grant reallocations tied to Cleaner Water Program and county allocation pool funds. Members asked why one project approved in 2024 was only now increasing, and KIA explained that design, water division review, environmental review, and bidding can take one to two years. KIA also reported additional no-action items, including a Brandenburg water grant split among two projects and 17 Kentucky Waters projects provided for information. The meeting ended with approval of the action items and no further action on the informational grants.

Transcript Highlights:

• We also work with the Statewide Economic Finance Act.
• The New Mexico Finance Authority, we also.
• It's come up in a lot of the Finance Authority Oversight Committee meetings across the state.
• To be able to create a program within the finance authority that does project oversight.
• And my counterpart, Lori Tsuyaka, from the Department of Finance and Administration.

Keywords: 996, all

Transcript Highlights:

• Amen Nalban, Department of Finance.
• Department of Finance.
• Steve Wells, Department of Finance.
• All right, Finance, someone from Finance is here. That's right.
• David Evans, Department of Finance.

Summary: The hearing opened with budget framing from the chair and the LAO, who said the May Revision addresses roughly a $14 billion budget problem and that the environment and transportation subcommittee’s proposals account for about $1.9 billion of the solution. The LAO urged members to focus on solutions that do not worsen out-year deficits, to preserve reserves, and to defer major policy changes that are not necessary to pass the budget, including the newly introduced water-related trailer bills. Members also raised concern about a late-dropped Olympic-related trailer bill, which the LAO likewise suggested should be deferred for fuller review. The first major item was the Delta Conveyance Project and related water quality control plan trailer bills. The administration argued the proposals would streamline permitting, water rights proceedings, judicial review, and land acquisition, and would clarify DWR’s bond authority for the project. DWR said the project is needed to protect water supply reliability against drought, earthquakes, sea level rise, and other climate-related disruptions, and that the tunnel would help move water when conditions are wet and safer for the environment. Committee members from both parties questioned the timing, the use of budget trailer bills for major policy changes, the scope of the CEQA and water-rights changes, the lack of a bond cap, cost growth, and eminent domain protections. The LAO recommended deferring both water trailer bills without prejudice. Public comment was sharply divided, with labor, water agencies, and some business groups supporting the project as climate adaptation and reliability infrastructure, while environmental, tribal, fishing, county, and community groups opposed it as an attempt to bypass public process and weaken protections. The committee then briefly heard the DMV’s Digital Experience Platform fee trailer bill, which would reinstate a $1 system improvement fee to help fund the vehicle-registration phase of the project. DMV said the fee would raise about $7 million annually and offset roughly $59 million to $60 million of project costs, while the LAO noted it would help but would not solve the Motor Vehicle Account’s broader structural gap. The hearing then moved to California High-Speed Rail, where the new CEO presented an updated plan and said the project remains a major climate and infrastructure investment. He reported a revised Merced-to-Bakersfield cost range of $34.9 billion to $38.5 billion, said the agency is trying to reduce risk through direct procurement of materials, and argued that stable annual funding is needed to avoid higher costs from delays.

Transcript Highlights:

• Let's say this is established, and now this is a vehicle that can be used for the financing, a financing
• mechanism or part of a financing mechanism for that kind of a new project.
• Let's say this is established, and now this is a vehicle that can be used for the financing, a financing
• mechanism or part. is a vehicle that can be used for the financing, a financing mechanism or part of
• a financing mechanism for that kind of a new project.

Summary: The Assembly Committee on Arts, Entertainment, Sports, and Tourism heard several bills focused on California’s creative economy, sports development, and cultural preservation. SB 226 by Senator Cabaldon would clarify that infrastructure revitalization financing districts may be used for entertainment and sports facilities, with testimony from West Sacramento officials emphasizing that the tool would rely only on project-generated city tax increment and would not affect school districts, counties, or the General Fund. Members discussed the relationship between IRFDs and EIFDs and the distinction between infrastructure financing and direct subsidy of private sports teams or stadiums. SB 865 by Senator Ashby proposed support for destination music festivals, citing the economic impact of events such as Aftershock and Golden Sky in Sacramento and similar festivals elsewhere in the state. Supporters from Visit Sacramento and Danny Wimmer Presents said festivals generate substantial jobs, tax revenue, and tourism spending while promoters bear the financial risk. Several committee members and public witnesses supported the bill as a way to sustain the creative economy, local businesses, and opportunities for artists. The bill passed the committee on a unanimous vote and was sent to Appropriations. SB 1050 by Senator Ashby would require disclosures when synthetic performers are used in advertisements, including audio ads, to inform consumers and protect human performers from displacement. SAG-AFTRA and voice actor advocates argued that consumers deserve to know when an ad uses AI-generated likenesses or voices, while TechNet, the Motion Picture Association, broadcasters, and other industry groups opposed unless amended, raising concerns about overbreadth, audio-only implementation, private enforcement, and the need for clearer exemptions and definitions. Members generally supported the bill’s goal but noted technical issues to refine; it passed unanimously to Judiciary. SB 1073 by Senator Smallwood-Cuevas would create a voluntary tax checkoff to support the South Los Angeles Black Cultural District. Supporters described the district’s historic and cultural significance and framed the measure as a way to help preserve Black cultural assets amid limited public funding. Members discussed how the checkoff would appear on tax forms statewide, its voluntary nature, and whether it could serve as a model for other districts. The bill also passed unanimously to Appropriations, and the committee later adopted the consent calendar unanimously as well.

Transcript Highlights:

• The chair moves that House File 957 be re-referred to the Education Finance Committee.
• But these will have further discussion again; this is going to Education Finance.
• But these will have further discussion again; this is going to Education Finance.
• But these will have further discussion again; this is going to Education Finance.
• Okay, the motion prevails and the bill is on its way to Education Finance.

Keywords: 919, house, all

Summary: The committee took up House File 957, with Representative Bakeberg presenting the bill on behalf of Representative Caw. The bill would give school districts funding flexibility through the 2028-2029 school year and allow them to stagger implementation of certain recently enacted education mandates to fit local needs, except where federal law requires otherwise. An A1 author’s amendment was adopted to clarify that any provision restricted or mandated by federal law would not be delayed. Representative Jordan questioned whether the proposal would let districts opt out of unemployment insurance for hourly workers, raised constitutional concerns about districts choosing which laws to follow, and asked whether opting out of a policy would also mean opting out of associated funding. Bakeberg responded that federal-law conflicts would remain in force, that districts already have substantial local control, and that public school funding generally follows a per-pupil formula, with grant programs remaining optional. He also said the bill is intended to help districts facing financial strain and budget reductions. Jordan argued that the so-called mandates are actually education policies developed through community input, including measures related to mental health support and student protections, and urged a no vote. Bakeberg closed by saying districts need more flexibility to avoid continued budget cuts. The committee then voted to re-refer House File 957, as amended, to the Education Finance Committee, and the motion prevailed.

Transcript Highlights:

• financing is basically the market norm. financing is basically the market norm.
• being as strong a backup for a financing being as strong a backup for a financing application<02
• term for financing. term for financing. Representative<02:47:25.120> Schneller.
• term of these financing term of these financing uh<02:51:57.359> packages uh packages uh
• <04:25:58.080> So go to finance or somebody. So go to finance or somebody.

Keywords: 1189, house, all

Transcript Highlights:

• I'm here representing the Department of Finance.
• I'm here representing the Department of Finance.
• Similarly, the bill requires the Department of Finance to examine loan or financing options that might
• Does the Department of Finance agree with that analysis? So Jessica Holmes, Department of Finance.
• Andrew Hull with the Department of Finance.

Summary: The Assembly Budget Committee held an informational hearing on the September budget package, which included SB 105 and a series of trailer bills covering health, human services, education, resources, child care, transportation, labor, public safety, housing, revenue, background checks, collective bargaining, and a special election. The Department of Finance described the package as largely technical and clarifying, but also responsive to state and federal changes, especially H.R. 1. Key items included roughly $3.3 billion in Proposition 4 climate and environmental spending, $540 million in discretionary greenhouse gas reduction funds, and major responses to H.R. 1 such as CalFresh error-rate mitigation, food bank support, and Medicaid-related changes. Other notable provisions included vaccine policy flexibility, an Abortion Access Fund, a gender-affirming care program, community college basic-needs and aid changes, CEQA and coastal permit exemptions tied to the 2028 Olympics, invasive mussel prevention funding, a civic media program, labor and pension-related provisions, and special election administration changes. Members raised questions and concerns about several parts of the package. There was support for climate, water, transit, offshore wind, food security, and health investments, but also significant criticism of the lack of cleanup language for SB 131 and its advanced manufacturing exemptions, with multiple members saying promised fixes had not materialized and expressing concerns about tribal consultation, labor standards, and environmental protections. Members also questioned the scale and timing of some Proposition 4 allocations, including fairground upgrades, regional conveyance, and a UC Davis alternative protein research center. The Department of Finance said some programs would roll out over time and that certain funding levels reflected current implementation capacity. The hearing also featured discussion of Bay Area transit financing, with Finance saying SB 105 directs the department and CalSTA to examine loan or other financing options rather than immediately providing loans. Members and public commenters also discussed the state’s response to H.R. 1, with advocates supporting food bank, health care, and immunization provisions while warning of ongoing harm to immigrants, foster youth, and other vulnerable groups. Public testimony broadly supported the health, food, water, offshore wind, and golden mussel provisions, while many speakers echoed legislative concerns about SB 131 and urged cleanup action in the next session. No votes were taken because the hearing was informational only, though the chair noted votes on the bills were expected later that night or the next morning.

Transcript Highlights:

• Senate Bill 201, do pass, then be referred to the Finance Committee.
• , is referred to the Senate Finance Committee.
• , is referred to the Senate Finance Committee.
• for prioritizing water projects pursuant to the Water Project Finance Act, allowing the New Mexico Finance
• Senator, did you make an announcement on Senate Finance? I did.

Keywords: 996, all

Transcript Highlights:

• And for the Committee on Finance.
• <00:32:37.880> Committee reason this is in the Finance Committee reason this is in the Finance
• Are you of the Committee on Finance.
• all of the members of finance all of the members of finance um um um uh<00:36:33.480> so<
• So, um, the, uh, Finance most fees do.

Keywords: 927, senate, all

Transcript Highlights:

• We also did some things like adding the finance director to the board and the workforce secretary to
• We also did some things like adding the finance director to the board and the workforce secretary to
• We also did some things like adding the finance director to the board and the workforce secretary to
• We also did some things like adding the finance director to the board and the workforce secretary to
• director to the adding uh the finance director to the board<00:11:26.880> and<00:11:27.120>

Bills: SB86, SB196, SB228, SB231, HB73, HB407, HB435, SB86, SB196, SB228, SB231, HB73, HB407, HB435

Keywords: independent contractors, portable benefits, employee benefits, tax deductions, employment relationship, education, high school, community college, dual enrollment, secondary credit, Move on When Ready, financial services, discrimination, social credit score, religious freedom, transparency, consumer rights, Alabama, wastewater management, public service commission

Transcript Highlights:

• But DMR and housing finances is probably the only place here to find general fund money in this.
• The biggest one is actually public finance is probably the biggest one in this.
• We've got housing and finance, and this we spent some time on and stuff on it.
• part of the five FTEs... ...finance.
• Covered the housing finance to a certain degree.

Keywords: 908, all

Summary: The committee heard House Bill 2014, the budget for the Industrial Commission, with Representative Kempenich walking through the agency’s major components: the administrative office, Bank of North Dakota, housing finance, Department of Mineral Resources, and the State Mill and Elevator. He described mostly special-fund operations, including bond payments, economic development programs, the rail loan program, the Rebuilder’s Loan Program, housing incentive funding, abandoned well reclamation work, lignite research, litigation reserves, and a capacity purchase arrangement for a future natural gas pipeline. He also explained several one-time funding items, such as grid resiliency grants, housing-related transfers from the Strategic Investment Fund, and enhanced oil recovery funding repurposed from a prior salt cavern study. Members asked about the reduction in housing incentive funding from the Senate version, the use of one-time Strategic Investment Fund dollars for ongoing housing programs, and whether a trigger should be added to increase housing funding later. Kempenich said no trigger was discussed and emphasized that housing needs vary widely across the state. Another exchange focused on the enhanced oil recovery grant program, which he said would be driven largely by the Energy and Environmental Research Center and would use repurposed funds. A longer discussion covered the natural gas pipeline capacity purchase, including its purpose, possible routes, and the idea that the state would be buying capacity rather than immediately building a pipeline. The committee adopted Amendment 25.0181.0207 on a 21-1 vote, with one member absent and not voting. The committee then passed HB 2014 as amended on a 21-1 vote, with one member absent and not voting. Representative Kempenich was designated to carry the bill. The chair then noted this was the final budget hearing for the committee, with one bill remaining to be heard later.

Transcript Highlights:

• Alex Shope with the Department of Finance.
• A last question for the Department of Finance.
• We'll start with the Department of Finance. Alex Shope, Department of Finance.
• And I have one more for finance.
• We'll start with the Department of Finance once again. Alex Shope, Department of Finance.

Keywords: 988, house, all

Transcript Highlights:

• The Assembly Banking and Finance Committee is now called to order.
• We like to be as efficient as possible in banking and finance.
• We like to be as efficient as possible in banking and finance.
• That is what's happening right now in small business finance. Research shows that.
• Hi, Indira McDonald, on behalf of Forward Financing, which is also a small business financing provider

Summary: The Assembly Banking and Finance Committee met as a subcommittee at first because a quorum was not yet present, then proceeded with bill presentations and later formal votes once enough members arrived. The chair reviewed committee procedures, including how to submit written testimony and rules for witnesses and conduct. The agenda included AB 771, AB 1507 on the consent calendar, and AB 1166. AB 771 by Assemblymember Massetto was presented as a technical fix to California’s Uniform Commercial Code. Supporters said it would allow a mortgage or deed of trust to serve as a fixture filing without requiring an exact match to the debtor’s ID, reducing duplicate filings, fees, and administrative burdens. There was no formal opposition, and the committee voted due pass. AB 1507 was then adopted on the consent calendar with a due pass recommendation. AB 1166 by Chair Valencia addressed debt settlement protections for small business commercial financing recipients by extending existing California debt settlement standards from consumer loans to business loans. Supporters, including the Responsible Business Lending Coalition and several financing providers, said the bill would curb harmful practices and align incentives, while still allowing debt settlement services. Members asked about the private right of action and statutory damages, and the bill was approved due pass. The committee later reopened the rolls for absent members, recorded additional aye votes, and adjourned after completing the agenda.

Transcript Highlights:

• to the Committee on State Government, Finance, and Policy.
• on Health Finance and Policy.
• I've spoken to both of the chairs of State Government and Health Finance and Policy.
• and Policy and be re-referred to the Committee on Energy Finance and Policy.
• Policy, and be re-referred to the Committee on Health, Finance and Policy.