Transcript Highlights:

• In New Mexico, there are some specific requirements bonds, new requirements come into place.
• Ours relates to the bond issuance.
• As a bond issuer, that's what we look at. It's relatively technical in nature.
• So we'll get closer to the bond issuance, which is very typical in a TID bond; you may get the authorization
• About the bond indemnification process. Is that the way it? Yeah.

Transcript Highlights:

• one-time money was allocated to one-time costs.
• How much of that is allocated? Sorry, where are those?
• funds exactly allocated when it comes to children with IDD?
• Almost all of our programs are eligible for Texas water fund allocations.
• That was a one-time allocation.

Keywords: infrastructure, water supply, flood mitigation, Texas Water Fund, community projects, funding allocations

Summary: During this committee meeting, the focus was on discussing critical infrastructure funding, especially related to water supply and flood mitigation projects. Chairwoman Stepney and the Water Development Board presented extensive details regarding the Texas Water Fund, which included $1 billion appropriated to assist various financial programs and tackle pressing water and wastewater issues. Additionally, funding allocations aimed at compromising the state's flood risk and improving water conservation were hotly debated, emphasizing collaboration among committee members and the necessity of addressing community needs in such projects.

Transcript Highlights:

• the state's outlook from stable to positive, uh, with the potential for an actual increase in our bond
• Formula grants that are allocated based on criteria set by the Congress.
• Uh, a little bit more detail, um, some notable federal allocations for the FY 26 budget, uh, which was
• Both the state at the PED level and school districts get allocation Title II allocations, and they're
• Um, Significant rate increases were allocated in the last two years.

Transcript Highlights:

• We were forced to allocate the money the minute they signed that development agreement.
• allocating that money without the direction from the governor's office moving forward.
• Can we recognize our bond members really quickly who worked so hard to get this done?
• Where's our bond members? Nobody wants to take credit for this?
• It's a pleasure to serve on bond with you.

Keywords: 1064, all

Transcript Highlights:

• The agency bond portion of the plan includes $30 million for leverage bonds for each year of our two
• The agency bond portion of the plan includes $30 million for leverage bonds for each year of our two
• The agency bond portion of the plan includes $30 million for leverage bonds for each year of our two
• for leverage bonds includes $30 million for leverage bonds for<00:30:12.000> each<00:30:12.320
• These bonds will assisted loan programs.

Keywords: Meeting Start 00:00:00 Attendance Roll Call 00:00:09 Approval of Minutes 00:01:10 Welcome New Members 00:01:26 Information Items 00:01:49 COT Special Report 00:02:38 Review of Executive Branch Agency Plans 00:07:41 A. Department of Military Affairs 00:08:07 B. Department of Veterans’ Affairs 00:20:34 C. Kentucky Infrastructure Authority 00:25:54 D. Tourism, Arts, and Heritage Cabinet 00:35:05 E. Transportation Cabinet 00:55:53, 958, all

Summary: The Capital Planning Advisory Board met with a quorum, approved the May 21 minutes, and welcomed a new executive branch member, Secretary Keith Jackson of the Justice and Public Safety Cabinet. The board also received two informational items: agency responses to prior questions and amendments made to capital plans after the last meeting. It then heard the Commonwealth Office of Technology’s report on executive branch IT capital project scoring, which reviewed 16 IT requests totaling about $330.5 million. COOT said projects were ranked through an independent panel using standardized criteria focused on feasibility, statewide alignment, readiness, impact, and risk; the CIO recommended moving an enterprise application and artificial intelligence inventory system from rank 11 to rank 4 because of its enterprise-wide impact and connection to Senate Bill 4. The Department of Military Affairs presented its capital plan, describing 43 million in projects for the current period and 13 projects totaling $65 million for 2026–2028, with most funding coming from federal sources and restricted agency funds and no general fund request in the latter period. Its projects included maintenance pool adjustments, a statewide Army master plan, the Somerset readiness center, Shelbyville and Ashland armories, a future home for the Kentucky Army National Guard band, and other facility upgrades. Members asked about the Somerset project’s cost growth and federal delay; the department said the project remains in conceptual design, is awaiting federal MILCON action, and would require a state match of about $9.8 million against $29.6 million federal funding if it is approved. Members also asked about staffing levels, and the department said state employee and Title 32 numbers have been relatively steady, while technician positions have declined. The Department of Veterans Affairs outlined seven projects for 2026–2028, led by a Radcliff Veterans Center HVAC replacement that needs an estimated additional $16 million to finish phase two after phase one was already funded. Other requests included a maintenance pool increase, renovations and exterior upgrades at Eastern and Western Kentucky veterans facilities, a cooling tower replacement at Thompson Hood, and parking lot and lighting improvements. The department said some projects were already in the six-year plan and that the Radcliff phase two could be bid in June 2026 if funded. Members confirmed that a columbarium wall project at Grayson is federally funded. The Kentucky Infrastructure Authority presented its six-year capital plan, citing more than $3 billion in loan commitments since 1988 and over $5 billion in supported infrastructure projects. KIA requested $298.439 million in the first biennium, including $27.742 million in state match for federal clean water and drinking water revolving funds, $25 million for its state Infrastructure Revolving Fund, $185.697 million in federal capitalization grants, and $30 million in leverage bond authorization for each year of the two federally assisted loan programs. Members asked about drinking-water quality, and KIA said that function is handled by the Energy and Environment Cabinet’s Division of Water, not KIA. KIA also said its loan rates currently range from 0.5% to 2.25%, averaging just under 1%, and that its revolving loan programs have had no defaults. The Tourism, Arts, and Heritage Cabinet began its presentation at the end of the transcript, with staff identifying themselves, but no project details or board action from that presentation were included in the excerpt.

Transcript Highlights:

• or bond obligations that they may have.
• Or bond obligations that they may have.
• For them to not default on some of these loans or some of these bonds.
• You know, of bonds.
• We do know that it's going to have an impact on our bonds.

Keywords: 999, senate, all

Transcript Highlights:

• You know, how many of our residents own stocks and bonds, municipal bonds, or, you know, this is projected
• You know how many of our residents own stocks and bonds, municipal bonds, or, you know, this is projected
• The bonding companies.
• <01:19:49.920> company's portfolio that that bonding company's portfolio that that bonding
• Even bond strategies have not been immune, since investing in Treasury bonds would have still seen a

Keywords: 928, house, all

Summary: The House Commerce Committee opened a public hearing on House Bill 310, sponsored by Representative Keith Ammon, which would create a study commission to develop a legal framework for stable tokens and tokenized real-world assets. Ammon described stable tokens as blockchain-based digital tokens backed by U.S. dollars or treasuries, and tokenized real-world assets as representations of ownership in items such as gold, real estate, or artwork. He said the bill is intended to help New Hampshire get ahead of emerging financial markets while waiting to see how federal legislation develops. Committee members asked about the purpose of the bill, the difference between this proposal and Bitcoin, whether state regulation could be preempted by federal law, and whether the commission could be balanced and avoid becoming a vehicle for fraud or money laundering. Ammon said the proposal is blockchain-agnostic, could apply to multiple networks, and is meant to regulate asset-backed tokens rather than create a state-issued coin. He emphasized that the state would not be guaranteeing the underlying assets, but would set rules requiring audits, proof of reserves, and honest representation of backing, with the Secretary of State’s securities office involved in oversight. Several members raised concerns about the risks of stablecoins, including money laundering, tax evasion, and possible harm to the dollar or confusion about whether the state was endorsing a new currency. Ammon responded that the bill would not undermine the dollar and argued that tokenization could actually expand demand for U.S. currency by making it easier to use globally. He also said the state would not be in the business of weighing assets or directly valuing them, only ensuring a valid audit trail and one-to-one backing. The discussion ended with general agreement that the subject is complex and that a commission could help develop future legislation, but no vote or final action was taken in the hearing.

Transcript Highlights:

• The district had to bond for the other $16 million, and that is why we're here.
• We had originally came to both the House and the Senate for some bonding, and we fully understand that
• The district had to bond for the other $16 million, and that is why we're here.
• The district had to bond for the other $16 million, and that is why we're here.
• We had originally came to both the House and the Senate for some bonding, and we fully understand that

Keywords: 1187, senate, all

Transcript Highlights:

• SB 895, California Science and Health Research Bond Act.
• SB 895, California Science and Health Research Bond Act.
• SB 895, California Science and Health Research Bond Act.
• SB 895, California Science and Health Research Bond Act.
• AB 736, Affordable Housing Bond Act of 2026. AB 736, Affordable Housing Bond Act of 2026.

Keywords: 987, senate, all

Summary: The Senate Appropriations Committee met for a suspense-file hearing, which the chair noted was vote-only with no public testimony. The committee moved quickly through a large number of bills, mostly Senate bills with a few Assembly measures at the end, and repeatedly announced amendments that narrowed scope, made bills contingent on appropriation, removed certain provisions, or otherwise reduced fiscal impact. Topics covered included wildfire resilience and recovery, housing and homelessness, energy and utilities, health care and Medi-Cal, education, criminal justice, elections, labor and workforce issues, transportation, environmental regulation, insurance, privacy and technology, and several public safety measures. Most bills were approved, many on unanimous 7-0 votes or 5-0/6-0 votes, while a substantial number passed on 5-2 or 5-1 votes with Republicans generally voting no. A few measures drew more specific discussion: Senator Richardson said he would vote for SB 1203 on security services but expressed concern that it would impose different and doubled training requirements compared with last year’s law; SB 904 on wildfire recovery passed 6-1; SB 1135 on the California Wildfire Coexistence Act passed 6-1; and SB 1241 on skilled and trained workforce requirements passed 6-1 after amendments. The committee also took a reconsideration vote on one previously favorable action, which passed 5-0. No testimony was taken and no bills were held for further discussion during the hearing; the chair repeatedly noted that items not called were held under submission. At the end of the meeting, the committee announced that results would be posted online and that addendum analyses would follow for amended bills, then adjourned.

Transcript Highlights:

• When we did the last reform, we actually were bonded for quite a bit of money, and we're still paying
• those bonds.
• Cities across Arizona bonded $1.84 billion to pay off their debt.
• They bonded at 2% to 2.5%. So basically, they save the taxpayers that difference there.
• The original bill, which I was not involved in a couple years ago, allocated $2 million to DPS.

Bills: SB1041, SB1050, SB1131, SB1138, SB1249, SB1267, SB1272, SB1317, SB1461, SB1488, SB1504, SB1517, SB1523, SB1580, SB1582, SB1584, SB1585, SB1602, SB1630, SB1654, SB1672, SB1673, SB1718, SB1761, SB1819, SB1826, SB1827

Keywords: electronic monitoring, nursing care, assisted living, resident rights, privacy, consent, surveillance, veterans, lifetime pass, state parks, Arizona, access, disabled veterans, cardiac arrest, defibrillators, school safety, emergency response, CPR training, Arizona education funding, automated license plate readers

Summary: The committee first considered Senate Bill 1630, which would direct AHCCCS to seek federal approval for a home- and community-based services program for adults determined to be seriously mentally ill, with quarterly implementation updates, stakeholder input, and a cap on enrollment. The sponsor and advocates from Arizona Mad Moms argued the bill would create an assisted-living-style Medicaid option for the most disabled SMI individuals, improve continuity of care, and reduce state general fund costs by shifting some expenses to federal Medicaid funding. Access testified neutral, estimating a total fiscal impact of $27.7 million, including $5.83 million general fund, and explained the need for CMS approval. The committee adopted an amendment reducing the initial cap to 250 members, changing reporting frequency, and adjusting eligibility and expansion conditions, then passed SB 1630 as amended on a 10-0 vote. The committee next heard Senate Bill 1131, which originally required school districts and charter schools to adopt cardiac emergency response plans and appropriated $1 million for implementation. An amendment replaced the mandate with a reporting requirement on AED counts, CPR/AED-trained staff, and whether schools have a plan, while keeping a grant component for AEDs and prioritizing rural schools. The American Heart Association supported the amended approach as a way to gather baseline data and target resources, and members discussed AED training, school preparedness, and whether the funding should favor rural or high-population schools. The committee adopted the amendment and passed SB 1131 as amended on a 9-1 vote, with Senator Kuby voting no and several members explaining concerns about funding and priorities. The committee then took up Senate Bill 1582, which concerned the school safety interoperability fund. An amendment shifted the appropriation from the Department of Education to the Department of Administration and allocated funds to specific county sheriff offices for continuing operation and maintenance of existing interoperability systems, while narrowing the program to public safety agencies and school districts and requiring twice-yearly testing. Sheriffs, a county school superintendent, and the Arizona Sheriffs Association described the systems as useful for drills and real emergencies, improving communication between schools and first responders; one speaker noted the program had been used in drills and at least one live deployment. Some members questioned the audit findings, the focus on rural counties, and whether the program was a good use of funds, while supporters emphasized its value for school safety. The committee adopted the amendment and passed SB 1582 as amended on a 6-4 vote. Finally, the committee began hearing Senate Bill 1504, which would change retirement rules for Tier 2 and Tier 3 public safety personnel by allowing earlier normal retirement and shortening the COLA waiting period, with an amendment exempting the changes from the statutory pre-funding requirement. Supporters from firefighter and police groups said the bill would improve recruitment and retention and let employees receive earned benefits sooner, while city, county, and taxpayer representatives warned it would add substantial unfunded liabilities and undermine the 2016 pension reforms. Actuarial testimony estimated significant costs, including tens of millions in annual or upfront impacts depending on how the change is funded, and members debated whether the amendment would shift costs onto future taxpayers or simply spread them over time. The transcript ends during continued testimony and discussion on SB 1504, before a final vote is reached.

Transcript Highlights:

• One thing to notice: the allocation basically starts at the beginning of the biennium.
• . ...our housing unit to pay for those bonds.
• of a CFO while you're in a bonding process can impact that funding.
• We should be sure that we're allocating resources in a way that we can prioritize students.
• So of $610 million, about $120 million is allocated based on economies of scale.

Keywords: 908, all

Bills: HR208, HR50, HCR54, HR102, HCR110, HR103, HCR111, HR114, HCR122, HR152, HCR162, HR20, HCR19, HR98, HCR106, HR49, HCR53, HR53, HCR57, HR93, HCR101, SB3225

Keywords: Boys & Girls Club of Hawaiʻi, Youth of the Year, Military Youth of the Year, House Resolution, HR 208, keiki, youth recognition, student achievement, leadership award, community service, youth development, after-school programs, teen center, military families, Oʻahu, Hawaiʻi Legislature, commendation, congratulation, positive youth development, Boys & Girls Clubs of America

Bills: HB62, HB124, HB182, HB193, HB198, HB203, HB223, HB237, HB469, HB486, HB574, HB779, HB796, HB919, SCR2, SB4, SB36, SB38, SB109, SB152, SB168, SB195, SB216, SB221, SB236, SB404

Keywords: Louisiana Women's Policy, gender equality, policy research, commission membership, women's representation, Domestic Violence, judicial experience, legislation, criminal law, family law, HB182, sexual assault, rape kit, forensic examination, forensic medical exam, sexual assault survivor, sexual assault nurse examiner, SANE, emergency department, hospital staffing

Bills: HB186, HB185, HB182, HB183, HB184, HB312, HB460, HB405, HB186, HB185, HB182, HB183, HB184, HB312, HB405

Keywords: Alabama budget, general fund appropriations, fiscal year 2026, state budget, appropriations act, HB186, executive branch funding, legislative branch funding, judicial branch funding, debt service, capital outlay, corrections, Medicaid, public health, mental health, transportation, education, law enforcement, tourism, veterans affairs

Transcript Highlights:

• with this particular program, there are certainly challenges that still persist within the capital allocation
• There's statutory requirements that often prevent the effective and equitable access of capital allocation
• And some of the capital allocations, oftentimes the facilities will have HVAC systems or kitchens or
• And here you see that we analyzed the past 10 years of bonds and levies, and we could see a trend of
• So we did analyze at least the last 10 years of bond and levy data to try and figure out what is that

Summary: The Capital Budget Committee heard presentations from the Department of Commerce, the Recreation and Conservation Office (RCO), and a consultant on the School Construction Assistance Program (SCAP) study. Commerce officials described their agency’s role in housing, energy, local government, broadband, and other capital programs, and reported on a $5 million pilot under Senate Bill 5200 that used trusted community messengers and technical assistance to help historically excluded organizations prepare for capital funding. They said 18 organizations received direct support and 79 smaller projects were also funded, but emphasized that statutory match rules, reimbursement-based payments, site-control requirements, insurance and audit costs, and extensive contracting rules remain major barriers. Commerce outlined efforts to expand outreach, digital modernization, internal contracting improvements, tribal MOUs, and innovation centers, and members asked about small business support, housing program placement, and outreach to Eastern Washington and communities of color. RCO described its grant programs for recreation, conservation, education, and salmon/orca recovery, and reviewed equity work done before and after a 2021-23 proviso. The agency had already created a small-communities carve-out in youth athletic facilities, piloted stipends for advisory committee members, and reduced match requirements where allowed. Under the proviso, RCO completed an equity review and a planning program that funded 54 projects across 34 counties, with many applicants being new or long-absent grantees. Staff said the review led to changes in scoring criteria, clearer application guidance, more objective data measures, expanded technical assistance, and targeted community engagement. Members asked about application burden, project sizes, outreach, and how the agency is broadening participation and representation on advisory committees. The final presentation summarized a planning study on SCAP, which examined rising construction costs, fragmented grant programs, local funding barriers, and uneven district capacity. The report recommended nine major changes, including stronger planning support, a new minor-modernization category, a mechanism to use unused funds more quickly, an education-specification prototype, a SCAP enhancement program for low-capacity districts, acceptance of non-SCAP funds, phased modernization, streamlined D-form and reimbursement processes, and revisions to the SCAP formula to better account for grade-band differences, enrollment projections, and regional cost factors. Additional recommendations included ongoing monitoring and evaluation, facilities-impact reviews, matching SCAP increases to construction-cost inflation, earlier locking of funding estimates, flexible program spaces, and updated statewide building-condition assessments. No votes were taken during the meeting.

Transcript Highlights:

• And I came to think of it as bonding.
• um would come in and ask for bonding um would come in and ask for bonding projects<00:28:18.240>
• My favorite Mary Murphy speech was one I think she did in favor of a bonding bill.
• She said, "We cannot just build a vanilla bonding bill.
• We need to have some flavor to the bonding bill."

Keywords: 1183, house

Transcript Highlights:

• <00:02:48.959> Uh<00:02:49.200> which housing infrastructure bonds.
• Uh which housing infrastructure bonds.
• Yes, we are allocating $6 million for construction for greater Minnesota.
• 00:10:28.160> construction allocating $6 million for construction allocating $6 million for construction
• bonds, workforce home ownership<00:27:07.760> challenge.

Keywords: 1183, house

Transcript Highlights:

• That's roughly what we think of as sort of the equilibrium on the 10-year bond rate.
• That is the calculated amount of principal and interest on all bonds issued and outstanding, all bonds
• authorized and unissued, and all bonds being proposed in the executive budget.
• c> presentation with a bond sitting around presentation with a bond sitting around 10%<01:59:04.520><
• We do not issue bonds based upon the projects that you do; we issue bonds based upon how the state spends

Keywords: 910, house, all

Summary: The Committee on Finance held its first informational briefing for 2025, beginning with member introductions and then hearing an economic outlook presentation from Dr. Eugene Tian of the Department of Business, Economic Development and Tourism. Dr. Tian said Hawaii’s economy was in relatively good shape in several areas, especially construction, which he described as at a historical high, with construction employment above 40,000 monthly and building permit values and contracting tax base both up sharply. He also noted real estate sales had rebounded in 2024, the labor market had stabilized with unemployment around 2.9%, and initial unemployment claims were below 2019 levels. At the same time, he highlighted challenges including inflation running above the national rate, a shrinking labor force, lower employment compared with 2023, and continued weakness in visitor spending and arrivals. He said future growth would likely come from health care, professional services, construction, tourism recovery, and diversified sectors such as renewable energy, aquaculture, creative industries, and technology. Dr. Tian also discussed Hawaii’s economic structure and recovery, saying the state remains more concentrated in a few industries than the U.S. overall, with government and hospitality making up larger shares of the economy. He said non-tourism sectors had recovered, but tourism-related jobs and output were still below pre-pandemic levels, with Maui and the visitor industry still affected by the wildfire and COVID-19 impacts. He projected tourism and non-agricultural wage and salary jobs would not fully recover until 2027, and said population trends remain a concern because of aging, the likelihood of deaths outpacing births in coming years, and reliance on in-migration. After his presentation, the chair said questions would be taken later and the committee took a short break. After the break, Dr. Carano of the Hawaii Executive Director’s office presented a second outlook, saying Hawaii’s economy in 2025 looked better than 2024 overall, though he emphasized substantial uncertainty tied to the incoming federal administration. He said possible changes to tariffs, tax policy, immigration, and federal spending could raise inflation and keep interest rates higher than previously expected, which would affect housing, consumer debt, the dollar, and Hawaii’s visitor industry. He noted that U.S. visitors account for roughly three-quarters of visitor spending in the state, making federal policy especially important. He also said deregulation could be a long-term positive but would not likely have much effect in 2025 or 2026. As an additional risk, he pointed to bird flu and its effect on livestock, poultry, and egg prices. No votes or formal actions were taken during the briefing.

Transcript Highlights:

• That often meant going out to the broader national bond market.
• We used money from bond proceeds, and we expected the payments to ultimately make those bonds whole.
• The funding that they receive is different; they can't go out for GEO bonds.
• Obviously, the $10 million that was allocated can only handle a portion of those needs.
• NMFA funds is that they can bond. They can go out to the public for a bond.

Transcript Highlights:

• These are things that are already allocated in there, and this is basically how we're going to focus.
• That doesn't mean that the full billion dollars will be allocated right off the bat.
• Typically, they're funded in larger amounts in general obligation bond years.
• Under the funding from the RFC framework, where you have $164.5 million in tax bonds for wildfire, can
• Technology bonding. And we had not. We did.