Transcript Highlights:

• Okay, now whether it's a bond issue... that Senator Mays is talking about right on bonded debt whether
• is the real problem because once the you're going to pay those bonds come, you know, 30 years or 35,
• So, and we're trying to limit that by saying you can't bond for longer and 15 years or 20 years, but
• Alvarado, Betancourt, Bardwell, Bond, Booker. 30 ayes, no nays. The rule is suspended.
• of school district bonds taxes and bond related projects to Education K-16, Senate Bill 844 by Hughes

Bills: SJR2, SB4, SJR36, SJR2, SB4, SJR1, SJR5, SB9, SB40, SJR2, SB4, SR98, SJR40, SJR41, SJR42, SJR43, SJR44, SJR45, SJR46, SJR47, SCR13, SB6, SB13, SB21, SB826, SB827, SB828, SB829, SB830, SB831, SB832, SB833, SB834, SB835, SB836, SB837, SB838, SB839, SB840, SB841, SB842, SB843, SB844, SB845, SB846, SB847, SB848, SB849, SB850, SB851, SB853, SB854, SB855, SB856, SB857, SB858, SB859, SB860, SB861, SB862, SB863, SB864, SB865, SB866, SB867, SB868, SB869, SB870, SB871, SB872, SB873, SB874, SB875, SB876, SB877, SB878, SB879, SB880, SB881, SB882, SB883, SB884, SB885, SB886, SB887, SB888, SB889, SB890, SB891, SB892, SB893, SB894, SB895, SB896, SB897, SB898, SB899, SB900, SB901, SB902, SB903, SB904, SB905, SB906, SB907, SB908, SB909, SB910, SB911, SB912, SB913, SB914, SB915, SB916, SB917, SB918, SB919, SB920, SB921, SB922, SB923, SB924, SB925, SB926, SB927, SB928, SB929, SB930, SB931, SB932, SB933, SB934, SB935, SB936, SB937, SB938, SB939, SB940, SB941, SB942, SB943, SB944, SB945, SB946, SB947, SB948, SB949, SB950, SB951, SB952, SB953, SB954, SB955, SB956, SB957, SB958, SB959, SB960, SB961, SB962, SB963, SB964, SB965, SB966, SB967, SB968, SB969, SB970, SB971, SB972, SB973, SB974, SB975, SB976, SB977, SB978, SB979, SB980, SB981, SB982, SB983, SB984, SB985, SB986, SB987, SB988, SB989, SB990, SB991, SB992, SB993, SB994, SB995, SB996, SB997, SB998, SB999, SB1000, SJR40, SJR41, SJR42, SJR43, SJR44, SJR45, SJR46, SJR47, SCR13, SB6, SB13, SB21, SB826, SB827, SB828, SB829, SB830, SB831, SB832, SB833, SB834, SB835, SB836, SB837, SB838, SB839, SB840, SB841, SB842, SB843, SB844, SB845, SB846, SB847, SB848, SB849, SB850, SB851, SB853, SB854, SB855, SB856, SB857, SB858, SB859, SB860, SB861, SB862, SB863, SB864, SB865, SB866, SB867, SB868, SB869, SB870, SB871, SB872, SB873, SB874, SB875, SB876, SB877, SB878, SB879, SB880, SB881, SB882, SB883, SB884, SB885, SB886, SB887, SB888, SB889, SB890, SB891, SB892, SB893, SB894, SB895, SB896, SB897, SB898, SB899, SB900, SB901, SB902, SB903, SB904, SB905, SB906, SB907, SB908, SB909, SB910, SB911, SB912, SB913, SB914, SB915, SB916, SB917, SB918, SB919, SB920, SB921, SB922, SB923, SB924, SB925, SB926, SB927, SB928, SB929, SB930, SB931, SB932, SB933, SB934, SB935, SB936, SB937, SB938, SB939, SB940, SB941, SB942, SB943, SB944, SB945, SB946, SB947, SB948, SB949, SB950, SB951, SB952, SB953, SB954, SB955, SB956, SB957, SB958, SB959, SB960, SB961, SB962, SB963, SB964, SB965, SB966, SB967, SB968, SB969, SB970, SB971, SB972, SB973, SB974, SB975, SB976, SB977, SB978, SB979, SB980, SB981, SB982, SB983, SB984, SB985, SB986, SB987, SB988, SB989, SB990, SB991, SB992, SB993, SB994, SB995, SB996, SB997, SB998, SB999, SB1000

Keywords: SJR 2, Senate Joint Resolution 2, constitutional amendment, homestead exemption, property tax relief, school property tax, ad valorem tax, residence homestead, school district taxes, Texas Constitution Article VIII, public school finance, homeowner exemption, elderly exemption, senior tax relief, disabled exemption, tax year 2025, voter approval, November 2025 ballot, local government, Ways & Means

Transcript Highlights:

• Senate Bill 1169 by Hinojosa relating to the public utility agencies providing authority to issue bonds
• May be held after bond is posted. To recognize Ms. Bowers to explain the bill. Thank you, Mr.
• HB2697 by Anchia, relating to certain procedures in connection with the bond forfeiture.
• HB3483 by Gomez relates to the authority of a special utility district to issue revenue bonds.
• SB 2245 by Birdwell links intelligence databases for combinations of criminal street gangs, signs, and

Bills: HB200, HB541, HB1803, HB30, HB175, HB249, HB721, HB851, HB897, HB 1128, HB1904, HB1916, HB5560, HB3071, HB5627, HB5435, HB3913, HB2921, HB2695, HB2688, HB3045, HB3483, HB3673, HB4213, HB4226, HB783, HB4373, HB4735, HB5155, HB5057, HB4984, HB4944, HB4813, HB5339, HB5196, HB5033, HB4853, HB3486, HB4211, HB74, HB4670, HB4730, HB4743, HB4603, HB4463, HB3892, HB4139, HB4752, HB4520, HB4517, HB4486, HB4437, HB4426, HB4396, HB4263, HB3487, HB3418, HB2284, HB2266, HB2229, HB4912, HB2189, HB4506, HB5269, HB5224, HB5195, HB3317, HB4166, HB3947, HB3358, HB3370, HB4438, HB3745, HB3602, HB3697, HB2001, HB1968, HB3371, HB3909, HCR7, SB1744, SB1364, SB1316, HB2026, HB3302, HB3368, HB1639, HB5652, HB4655, HB5654, HB5658, HB5656, HB4894, HB4996, HB5088, HB5650, HB4464, HB3751, HB5665, HB5661, HB 1237, HB2802, HB5437, HB2703, HB5666, HB5667, HCR113, HCR86, SB2196, SB463, SB856, SB1245, SB1169, SB509, SB985, SB305, SB552, HB1535, HB 123, HB1804, HB426, HB1773, HB1871, HB2035, HB2492, HB1411, HB4753, HB4666, HB4529, HB1499, HB1610, HB2028, HB1506, HB886, HB3546, HB796, HB223, HB3556, HB2448, HB4638, HB 111, HB180, HB 1027, HB 1178, HB610, HB 1277, HB1615, HB1620, HB5342, HB4885, HB4751, HB4530, HB4488, HB2149, HB2071, HB2282, HB2248, HB2243, HB2522, HB2310, HB2513, HB2300, HB1902, HB1813, HB3719, HB4284, HB3743, HB3778, HB5153, HB5147, HB4877, HB4850, HB3261, HB3005, HB3033, HB2849, HB2967, HB3531, HB1768, HB333, HB2914, HB2613, HB3717, HB3704, HB2697, HB3801, HB3099, HB3488, HB3477, HB3466, HB3396, HB3469, HB2594, HB2776, HB2564, HB2298, HB5331, HB5646, HB5247, HB5323, HB4384, HB3896, HB4014, HB3627, HB3594, HB2524, HB510, HB561, HB5111, HB5446, HB 1181, HB3963, HB2785, HB1661, HB2460, HB200, HB541, HB1803, HB30, HB175, HB249, HB721, HB851, HB897, HB 1128, HB1904, HB1916, HB5560, HB3071, HB5627, HB5435, HB3913, HB2921, HB2695, HB2688, HB3045, HB3483, HB3673, HB4213, HB4226, HB783, HB4373, HB4735, HB5155, HB5057, HB4984, HB4944, HB4813, HB5339, HB5196, HB5033, HB4853, HB3486, HB4211, HB74, HB4670, HB4730, HB4743, HB4603, HB4463, HB3892, HB4139, HB4752, HB4520, HB4517, HB4486, HB4437, HB4426, HB4396, HB4263, HB3487, HB3418, HB2284, HB2266, HB2229, HB4912, HB2189, HB4506, HB5269, HB5224, HB5195, HB3317, HB4166, HB3947, HB3358, HB3370, HB4438, HB3745, HB3602, HB3697, HB2001, HB1968, HB3371, HB3909, HCR98, HCR92, HCR126, HCR7

Keywords: juvenile offenders, parole eligibility, youth justice, criminal justice reform, inmate rehabilitation, direct patient care, healthcare, physicians, medical services, insurance regulation, dentist, dental hygienist, interstate practice, licensure, compact privilege, public health, military members, disaster relief, tax rates, local government

Transcript Highlights:

• Failure to settle will result in the following actions: recording the violation in the state database
• Failure to settle will result in the following actions: recording the violation in the state database
• In terms of the higher education process and with the resources for the general obligation bond, for

Bills: HB30, HB120, HJR1, SB210, SB306

Keywords: teacher residency, Teacher Residency Act, public schools, teacher preparation, educator pipeline, teacher recruitment, teacher retention, student teachers, apprenticeship, co-teaching, mentor teachers, residency stipend, teacher salary, level one teacher, charter schools, school districts, New Mexico education, teacher workforce, principal stipend, cohort model

Transcript Highlights:

• not to issue a bond, you will go to an immigration judge called a bond hearing, and that's where you
• had to have a bond agent willing to post a bond before you showed up at the immigration judge.
• <00:51:49.760> agent where you had to have a bond agent where you had to have a bond agent
• typically in such cases you got bonded typically in such cases you got bonded out<00:51:57.760><
• to grant any bonds. to grant any bonds.

Keywords: 1187, senate, all

Transcript Highlights:

• <02:42:33.200> for guys can take on revenue bonds for guys can take on revenue bonds for paying
• And we're not asking for revenue bonds.
• , not issue revenue bonds without revenue, right?
• Um but that we asked for considerably more in revenue bonds or geo bonds last year and we're not awarded
• It is a very large database.

Keywords: 912, senate, all

Transcript Highlights:

• That means they were a revenue bond, a water and sewer that relies solely on revenue bonds.
• So if you go to issue, um, say revenue bonds or water bonds.
• The bonds are for 30 years.
• It's about private activity bonds, uh, the easier of the bonds that we're gonna hear today.
• I have data from the Texas Bond Review Board database that shows ISDs proposing identical bonds in May

Transcript Highlights:

• May their work strengthen the bonds of community and help Maryland remain a home where every person can
• 00:02:37.200> work<00:02:37.360> strengthen<00:02:37.840> the<00:02:38.000> bonds
• <00:02:38.319> of May their work strengthen the bonds of May their work strengthen the bonds
• We have Senate bond initiatives, calendar 26.
• That move so be considered the reading of bond initiatives.

Keywords: Senate streaming session for Thursday, February 19, 2026, 960, senate, all

Summary: The Maryland Senate convened with an invocation by Rabbi David Hland, followed by a series of introductions and recognitions for visiting groups and guests, including Delta Sigma Theta members for Delta Day in Annapolis, Towson High School students, the Maryland Pharmacy Coalition, interns, and other visitors. The Senate adopted a resolution honoring Delta Sigma Theta Sorority, Incorporated Maryland chapters for service, scholarship, sisterhood, and social action, and also journalized the rabbi’s invocation. Several committee and delegation announcements were made, including upcoming bill hearings and voting sessions. On legislation, the chamber handled a number of special-order and third-reading bills. Senate Bill 56 and Senate Bill 99 were both delayed for further amendment work, with SB 99 ultimately amended and ordered printed for third reading. The Senate also received and referred a bond initiative and heard an executive nominations report, with the nominations set for consideration in open session at a later time. During third reading, the Senate passed numerous bills, including measures on mail and service animal program disqualifications, police promotion pay restrictions, counterfeit lease penalties, Motor Vehicle Administration identification card requirements, environmental health specialist board sunset extension, used vehicle bill of sale requirements, collective bargaining for ATC cannabis police officers, transfer-on-death designations for vehicles and vessels, heavy-weight port corridor permits, controllable electronic records, lead paint abatement bonding and insurance, civic excellence in public schools, child pornography penalties, cemetery sale/transfer requirements, tobacco licenses for electronic smoking devices, legal services board membership, Baltimore County Public Library supervisory bargaining, money transmitter definitions, scalp cooling insurance coverage, prosthesis and orthosis coverage, elevator inspection database access, tax increment financing in noncontiguous areas, professional liability disclosure for certain care facilities and midwives, immunity for donation of pet supplies, massage therapy board revisions, and others. One bill drew floor debate: Senate Bill 82, which would increase penalties for counterfeit lease of real property, was opposed by a senator who argued it would disproportionately impact renters and conflict with justice reform goals. Despite that objection, the bill passed. The Senate also changed one recorded vote on Senate Bill 252 from red to green by unanimous consent. Overall, the session was marked by routine passage of a large slate of bills, a few postponements for amendment negotiation, and several ceremonial recognitions and announcements.

Transcript Highlights:

• Supermajority requirements already exist for constitutional amendments, for bond authorizations, for
• requiring a supermajority that we use in other places, and we require supermajorities for towns to bond
• requiring a supermajority that we use in other places, and we require supermajorities for towns to bond
• requiring a supermajority that we use in other places, and we require supermajorities for towns to bond
• think that we have with the KMA database think that we have with the KMA database is<01:55:43.280

Keywords: 1189, house, all

Transcript Highlights:

• So it's a $200,000 bond? Paid to whom? East Valley Fiduciary.
• Susan and I put 924 probate cases into a database, and I performed analytics on this.
• Susan and I put 924 probate cases into a database, and I performed analytics on them.
• I'm happy to go through that database in detail.

Keywords: 1182, all

Transcript Highlights:

• So it's $200,000 is a bond? Yeah. Paid to whom? East Valley Fiduciary.
• Susan and I put 924 probate cases into a database, and I performed analytics on this.
• Susan and I put 924 probate cases into a database, and I performed analytics on them.
• I'm happy to go through that database and detail.

Summary: The Senate Ad Hoc Committee on Elder Abuse opened by explaining it was gathering testimony on elder abuse, especially alleged misconduct involving court-appointed systems such as guardians ad litem and fiduciaries, to identify gaps in law and oversight and develop legislative fixes. The chair limited each witness’s time, asked for names and contact information for follow-up, and repeatedly noted that some allegations might warrant referral to law enforcement, the attorney general, or county attorneys if basic criminal elements were present. Several witnesses described alleged abuse in guardianship, conservatorship, and fiduciary cases. Dr. Holly Lauder said her mother, who had Alzheimer’s disease, was subjected to allegedly deficient psychological capacity evaluations that ignored treating doctors and family input, leading to a fiduciary arrangement that later resulted in neglect. Kevin Axson described his mother’s probate case, saying a guardian ad litem and conservator were appointed after a family financial dispute, that the guardian ad litem and fiduciary had little contact with his mother, and that the estate was burdened with substantial fees and a $200,000 bond requirement. Frieda Alvarado testified about a 94-year-old client, Samuel Armento, saying he was isolated, medicated without his request, and treated without dignity after a fiduciary and care team took control. Bill Chalmers, Johnny Hamilton, and Kathy Hamilton also testified about Sam Armento’s case, alleging isolation, excessive fees, conflicts of interest, and poor oversight by fiduciaries and caregivers. Other witnesses raised broader concerns about Arizona probate practices. David Redkey said he has been under a long-running conservatorship despite earning degrees and maintaining capacity, and alleged that court-appointed professionals and fiduciaries overcharged his estate and blocked efforts to terminate the arrangement. Susan Wolfe described the Peyton case, alleging that a wife’s conservatorship and related court actions led to the loss of assets, exclusion of witnesses, and large fees for a relatively small monthly care bill. Dr. Lewis Heller, an OB-GYN and disciplinary committee member, said the medical evaluations he reviewed showed the people involved were competent and that the conduct he observed was unethical and possibly criminal. Renee Self testified that she lost her role as trustee and spent large sums defending her father’s estate, alleging that the probate process stripped her father of assets and limited her access to him despite APS findings that her actions were in his best interests. No formal committee votes or legislative actions were taken in the excerpt, but members repeatedly expressed concern, asked for documents and transcripts, and indicated they would follow up with witnesses and consider stakeholder meetings to craft legislation addressing oversight, transparency, and accountability in guardianship and fiduciary systems.

Transcript Highlights:

• That was an investment our community made. ...a bond program focused on safety and security to replace
• The dealer-issued license plate database is a security measure.
• If the dealer fraudulently issues license plates or uses the database inappropriately, that authority
• To the database for access. It would all want us to do this stuff. OK. I just have one question.

Bills: SB249, SB546, SB744, SB927, SB1227, SB1229, SB1353, SB1365, SB1366, SB1394, SB1464, SB1709, SB1729, SB1733, SB1744, SB1745, SB1746, SB1772, SB1816, SB1841, SB1939

Keywords: memorial markers, law enforcement, officer memorials, killed in the line of duty, highway signage, school bus, school district, student transportation, child safety, seat belts, three-point seat belt, two-point seat belt, bus retrofit, bus warranty, Texas Education Agency, TEA, transportation code, school activity bus, multifunction school activity bus, school-chartered bus

Transcript Highlights:

• Again, they have, they, they have databases, they have intelligence, they have intelligence officers,
• The funds are through the sale of state general obligation bonds.
• you hire a peace officer or, or a person for a license is you have to check that, that national database
• And then in October of 2025 coming up is our anticipated completion of the confidential database where

Transcript Highlights:

• If we notify ICE at 3 o'clock in the afternoon, this person's bonded and ICE comes and picks them up
• The statewide voter database often cross-references with the Department of Highway Safety and Motor Vehicles
• database on determination of citizenship.
• When you cross-reference that with a state database for driver's licenses, people think that we have

Summary: The Appropriations Committee took up SB 2B, a major immigration bill by Senator Gruters, described by supporters as a Trump-aligned package to strengthen Florida’s role in immigration enforcement. The bill would create a grant program for local law enforcement, expand jail-ICE agreements beyond sheriff-operated jails, establish a chief immigration officer and a state immigration enforcement council, require more coordination on E-Verify and detention-bed reporting, allow immigration status to be considered in bail decisions, increase penalties for certain offenses tied to illegal reentry and voting, and repeal in-state tuition waivers for undocumented students. Much of the sponsor’s presentation and debate emphasized focusing on criminal offenders, improving coordination with federal authorities, and using state resources to support detention and enforcement. Committee questioning focused heavily on the tuition-waiver repeal, reimbursement for jail costs, E-Verify coverage, and whether the bill could lead to street-level immigration enforcement in schools or churches. Senator Smith, Senator Pizzo, Senator Polsky, Senator Sharief, and others challenged the tuition repeal as unfair to students who were brought to Florida as children and argued for grandfathering current students or studying the fiscal impact first. Senator Fine defended the repeal as ending a state subsidy for people who are not lawfully present and argued the change would save tens of millions of dollars. Sheriff Bob Gualtieri testified that the bill was limited to jail-based enforcement, said there was no current street-level 287(g) program in Florida, and stated he did not believe the bill raised concerns for law enforcement or schools/churches. A representative of the Florida Supervisors of Elections supported the voting-related section, while a Florida Highway Patrol representative said state agencies would need additional funding if they were expected to take on more enforcement duties. The committee adopted Senator Gruters’ late-filed amendment correcting a drafting error. Senator Smith’s amendment to require an OPAGA study on the tuition-waiver policy was withdrawn after discussion, and his handwritten amendment to delete the repeal of in-state tuition for undocumented students failed on a roll-call vote. The bill then advanced as amended, with several members speaking in debate both for and against it. Supporters framed it as a focused public-safety and enforcement measure; opponents criticized the special-session process, the cost, and the tuition repeal’s impact on students already enrolled.

Transcript Highlights:

• discuss further when presenting the conforming bill, the Legislature has approved $50 million in bonding
• In bonding to build a 600-bed prison hospital.
• we're trying to do in this budget is move towards new infrastructure, which is why we have decided to bond
• the fixed capital A and have a recurring fund for bonding a new 600-bed hospital and $56 million of
• by up to 10,000 annually. ...includes reducing the number of samples submitted to the state DNA database

Keywords: 999, senate, all

Transcript Highlights:

• And in 2024-25 and 2025-26, an increasing amount came from Proposition 4, the climate bond passed by
• wildfire prevention grant funds that we made available last week, $70 million through the climate bond
• We started with a California-wide, what we call industry exposure database, and then modeled that and
• and what it does is it bases the funding for this on future property tax revenues and generates a bond
• So the county, for example, is basing their bond off of projected property tax revenues 45 years into

Keywords: 987, senate, all

Summary: The joint Senate hearing of the Natural Resources and Water Committee and the Emergency Management Committee focused on wildfire resilience, with members discussing the SB 254 report on enhancing California’s response to natural catastrophes. Opening remarks emphasized the scale of wildfire damage, the need for prevention and preparedness, and concerns about the affordability and insurability crisis. Senators repeatedly contrasted the relatively small share of funding going to community hardening with the much larger amounts spent on utility wildfire mitigation and landscape-scale projects, and several members raised concerns about CEQA delays, one-time funding, and the need for more sustainable, ongoing financing. The Legislative Analyst’s Office presented an overview showing about $4.7 billion in state wildfire resilience appropriations from 2018-19 through 2025-26, with funding shifting from the Greenhouse Gas Reduction Fund to the General Fund and then to Proposition 4. LAO noted that only about $65 million had been specifically targeted to community hardening, while most funding went to forest health, fuels, research, and related programs. LAO also said one-time funding will decline in coming years and that future GGRF support is uncertain, though General Fund use is not legally precluded. Members asked about maintenance costs, polluter-pays ideas, and whether performance metrics should focus more on property and community risk reduction than acres treated. Cal Fire’s State Fire Marshal described the state’s community wildfire preparedness strategy, centered on home hardening, defensible space, and neighborhood-scale mitigation. He said roughly 4 million homes are in the wildland-urban interface, most built before modern fire-resistant standards, and argued that the state must move from response to prevention. He said Cal Fire is incorporating the SB 254 recommendations into its updated action plan, has streamlined some fuel-reduction projects under a recent executive proclamation, and is shifting some grant funding toward maintenance of existing treatments. Cal OES described the AB 38 pilot and FEMA hazard mitigation work, saying the pilot helped build tools and standards for home hardening but that federal approval delays remain a major barrier; the agency reported 155 hardened properties, 19 under construction, and 370 assessed and waiting. The Wildfire and Forest Resilience Task Force said it has coordinated more than $6 billion in state and federal investments, is moving toward regional block grants and better data-driven prioritization, and is developing separate community and landscape strategies. The hearing ended with discussion of modeling, data gaps, utility coordination, contractor capacity, and possible legislative or budget changes to better align funding and metrics with community safety outcomes.

Transcript Highlights:

• addresses this critical gap by requiring the FPS Director to establish and maintain a centralized database
• Why was this criminal let out without bond by a liberal judge?
• WHY WAS THIS CRIMINAL LET OUT WITHOUT BOND BY A LIBERAL JUDGE IN THIS REFLECTS A BROADER CRISIS ACROSS
• The person who skipped bond on three occasions in the past.
• Skipping bond, a Democrat judge released him back into the streets after his arrest in January.

Keywords: U.S. House of Representatives Floor Proceedings on Monday, September 8, 2025, 1012, house, all

Transcript Highlights:

• That will be separate with the climate bond.
• And has done for previous bonds.
• But know that this bond, we aim to be accountable. We want it to be the most accessible bond ever.
• Now you may wonder why is urban ag part of a climate bond?
• It's only 7% of the bond. About 200 of it, as Ms.

Keywords: 988, house, all

Transcript Highlights:

• to make sure that the—and I understand that you're shaking your head because we cannot count on the bond
• run through the California Department of Justice, there's a federal component that uses the FBI database
• It's my understanding that, in order to continue being able to utilize those federal databases, the federal
• I am not able to comment beyond the Governor's interest in supporting the housing bond. Okay.
• Sacramento, where young musicians... ...where young musicians can come, play live, build family-like bonds

Summary: The subcommittee first heard an informational presentation on the May Revision’s proposed reorganization of the Business, Consumer Services and Housing Agency into separate housing-focused and consumer/business-focused entities. Administration officials said the split would improve oversight, streamline decision-making, and create a dedicated California Housing and Homelessness Agency with a new housing development and finance committee. The Department of Finance said funding was needed in 2025-26 to begin implementation, while the LAO recommended rejecting the proposal without prejudice because the Little Hoover Commission review was still pending and the plan would require ongoing General Fund costs. Members raised concerns about the timing, the lack of alignment with the budget process, and whether the reorganization would improve accountability for homelessness spending; several public witnesses supported the concept but stressed it could not substitute for new housing and homelessness dollars. The committee then took up the Department of Veterans Affairs. CalVet requested funding for phase three of its electronic health care record project and a trailer bill to preserve authority for federal background checks, but the May Revision withdrew requests for deferred maintenance and additional administrative support. The LAO noted deferred maintenance can prevent larger future costs, and the chair criticized the withdrawal of less than $1 million for veterans’ homes as short-sighted given existing repair needs. No vote was taken. Next, the Department of Housing and Community Development presented its budget. HCD said the May Revision provides no new affordable housing or homelessness funding, but does retain existing rounds of funding and proposes a $31.7 million reversion from undersubscribed housing programs. Members from both parties expressed concern about zeroing out ongoing housing and homelessness investments, especially for LIHTC, the Multifamily Housing Program, and HAP. HCD also defended its homelessness accountability and compliance work, saying the unit includes about 30 program staff and six attorneys, with three additional attorneys requested mainly to handle public records and litigation workload. Public commenters largely opposed the lack of new funding and urged continued support for housing and homelessness programs, while some supported the reorganization and accountability efforts. Finally, the committee heard Go-Biz proposals. The administration requested authority to increase funding for a federal trade program match if needed, plus reappropriations for administrative funds tied to the Containerized Ports Interoperability Grant Program, zero-emission vehicle operations, and the Women’s Business Center Enhancement Program. It also proposed withdrawing the Cal Competes grant request and reverting remaining funds from the Performing Arts Equitable Payroll Fund. The LAO said Cal Competes is generally effective but could be cut as a budget solution, while warning that the performing arts fund was close to awards and should be considered carefully. Members objected to pulling back committed funds for performing arts organizations and questioned why the state would withdraw support after applications had already been submitted.

Transcript Highlights:

• They have to have a surety bond and those big overweights.
• Xdot on a routine basis does surety type bonds on other areas and so.
• Senate Bill 995, relating to the approved of a surety bond for a contract authorizing an oversized or
• Senate Bill 995. to the approval of a surety bond for a contract authorizing an oversized or overweight
• So it's not part, it's not stored anywhere on the database.

Bills: SJR57, SCR8, SB8, SB14, SB24, SB108, SB112, SB125, SB213, SB251, SB315, SB318, SB371, SB378, SB379, SB472, SB487, SB502, SB513, SB565, SB621, SB650, SB689, SB707, SB710, SB761, SB763, SB815, SB854, SB875, SB896, SB916, SB925, SB958, SB961, SB965, SB973, SB987, SB990, SB995, SB1006, SB1018, SB1019, SB1024, SB1026, SB1146, SB1194, SB1198, SB1253, SB1330, SB1343, SB1362, SB1379, SB1497, SB1498, SB1527, SB1532, SB1547, SB1596, SJR36, SJR12, SJR57, SCR22, SCR12, SCR8, SB565, SB765, SB62, SB666, SB707, SB888, SB687, SB847, SB1248, SB14, SB1006, SB504, SB925, SB995, SB857, SB305, SB296, SB284, SB815, SB1379, SB1497, SB1499, SB1498, SB241, SB304, SB621, SB1023, SB1024, SB686, SB112, SB371, SB204, SB609, SB670, SB502, SB850, SB854, SB413, SB1362, SB1346, SB1033, SB1220, SB1073, SB810, SB987, SB1539, SB447, SB875, SB406, SB985, SB965, SB1119, SB1505, SB24, SB1194, SB1253, SB1215, SB1532, SB1302, SB856, SB650, SB583, SB673, SB213, SB681, SB1172, SB1252, SB378, SB1343, SB608, SB487, SB955, SB957, SB988, SB990, SB1019, SB1021, SB1120, SB251, SB958, SB761, SB541, SB315, SB379, SB1018, SB1737, SB266, SB1415, SB1527, SB125, SB599, SB1330, SB53, SB916, SB896, SB1352, SB973, SB785, SB710, SB472, SB1450, SB1502, SB1566, SB414, SB1062, SB1547, SB961, SB1038, SB513, SB578, SB711, SB746, SB942, SB1404, SB1448, SB1738, SB108, SB8, SB318, SB507, SB533, SB689, SB1026, SB1349, SB1355, SB1433, SB1434, SB1596, SB1403, SB1198, SB1146, SB763, SB667, SB1059, SB617, SB1567, SB503, SJR37, SB16, SB310, SB311, SB396, SB505, SB1209, SB1210, SB1470, SB264, SB924, SB1029, SB1185, SB1202, SB1358, SB1364, SB1569, SB1697, SB1376, SB1228, SB519, SB878, SB1350, SB462, SB1535, SB827, SB1585, SB207, SB1207, SB1619, SB1396, SB920, SB1484, SB1273, SB1741

Keywords: central bank digital currency, CBDC, Federal Reserve, digital dollar, digital currency, cashless payments, financial privacy, cybersecurity, government surveillance, financial surveillance, money laundering, terrorism financing, illicit finance, banking policy, monetary policy, payments system, commercial banks, Texas Legislature, concurrent resolution, federal reserve digital currency

Transcript Highlights:

• about 71% of campus budgets are for salaries and benefits, with another 13% for financial aid, 6% for bond
• For example, we have been refinancing very old bonds, trying to get better rates for them, trying to
• When we discuss available core funds, we're taking out things like financial aid, bond payments, and
• measure for deferred maintenance, an affordable housing bond to support student housing projects at
• measure for the deferred maintenance, affordable housing bond to support student housing projects at

Summary: The Assembly Budget Subcommittee on Education Finance, chaired by Assemblymember Alvarez, held a hearing focused on University of California budget issues. The committee reviewed UC core operations funding, enrollment trends, federal funding threats, Title IX implementation, and basic needs support. Major themes included the end of the Governor’s multi-year UC compact, the state’s fiscal outlook, UC’s enrollment growth, and the potential impacts of federal policy changes on research, health care, and student aid. On core funding, the Department of Finance described the Governor’s proposal to continue compact-related support, defer some payments, and authorize a cash-flow loan. The LAO recommended a smaller or no base increase, earmarking some funds for capital renewal, retiring deferrals when possible, avoiding new compact commitments, and funding UC annually rather than through compacts. UC argued that the compact has supported enrollment growth, student services, and operating costs, but said campuses face rising expenses, structural deficits, and limited reserves. Members questioned the effects of deferrals on students and discussed the need to prioritize less harmful reductions if cuts become necessary. The enrollment panel focused on UC’s growth in California resident enrollment and the nonresident replacement plan at Berkeley, UCLA, and UC San Diego. The LAO recommended maintaining the current enrollment target, funding enrollment separately from base increases, pausing the nonresident replacement plan, and holding enrollment flat in 2027-28. UC said it has already met compact enrollment goals, grown California undergraduate enrollment by about 18,800 students, and that further growth depends on ongoing state support. The committee also discussed the cost of enrollment growth, possible differential nonresident tuition, and a reporting request for UC to analyze the nonresident replacement approach; the motion to adopt supplemental reporting language passed. The hearing also covered federal funding risks, with the LAO and UC warning that federal changes could affect research grants, medical center reimbursement, and student financial aid. UC said research cancellations and suspensions are disrupting labs and graduate student support, while federal health policy changes could increase uncompensated care at UC hospitals. In the Title IX update, UC described its systemwide civil rights structure, annual student training, and campus support offices, and members praised the work while asking about ongoing concerns and intersegmental collaboration. The final basic-needs item began with Finance stating the Governor’s budget does not change ongoing support, but the transcript cuts off before further discussion or action.