Video & Transcript Research : 'loan programs'

Page 46 of 500
FL

Florida 2025 Regular Session

Fiscal Policy Apr 22nd, 2025

Transcript Highlights:
  • It's because in other loan programs that exist consultation.
  • program, it will need seat funds so it will need funds to be injected into the loan program in order
  • program as we do with other similar loan programs. >> Yes, you're recognized president and thank you
  • Chairman. >> Is some his initial funding for this loan program in the Senate budget?
  • My assumption here is that is that the loans that would be that would be granted under this program.
Keywords: 999, senate, all
CA
Transcript Highlights:
  • Right, the first $300 million is a grant program—pardon me, is a loan, a no-interest loan program.
  • Right, the first $300 million is a grant program. Pardon me, is a loan, a no interest loan program.
  • The state has now implemented the loan program and is now implementing the grant program, and presumably
  • I think that we've had an opportunity to have this loan program in place.
  • With the initial loan program, a turnaround plan.
Summary: The Assembly Budget Subcommittee on Health held a May Revision hearing covering several health-related budget proposals and broader concerns about the state’s budget structure. The Chair opened by praising some May Revision changes, such as added health IT funding, county administration support tied to Medi-Cal changes, a delay in Medi-Cal cuts for some lawfully present immigrants, and additional support for Covered California subsidies, while criticizing proposed increases in Medi-Cal premiums, changes to senior eligibility, the lack of a Medi-Cal dental solution, and other reductions affecting counties, mobile crisis units, workforce incentives, and physician shortages. The Legislative Analyst’s Office said the state’s budget condition remains weak despite progress on the structural deficit, and the Department of Finance said the May Revision uses a mix of reductions, reforms, revenue proposals, and fund shifts to cut out-year deficits. The committee first heard Department of State Hospitals proposals, including adjustments to county bed billing authority, contract exemption language for online clinical/pharmacy subscriptions, reversion of unspent funds, a revised Metro Central Utility Plant replacement project, electronic health record implementation, and workforce development funded partly through Behavioral Health Services Act resources. DSH also described savings and realignments in incompetent-to-stand-trial and conditional release programs, including extending the independent placement panel program and shifting funds to support additional bed capacity and a mental health rehab center. Members asked about the use of BHSA funds for workforce programs, and the department said the proposal would replace General Fund support with BHSA reimbursements. The Emergency Medical Services Authority proposed funding for statewide behavioral health crisis response guidance and for enterprise system development, and the Department of Managed Health Care proposed modernization of its complaint system and claims-settlement data system to improve oversight and comply with AB 3275. The largest discussion centered on the administration’s BHSA spending plan under Proposition 1, including state-directed prevention, workforce, and other uses, plus General Fund offsets for existing programs. The LAO questioned whether some proposed offsets fit Proposition 1’s non-supplant and eligible-use requirements, while the administration argued the uses were consistent with the measure and that the state-directed share can be adjusted annually. The Commission for Behavioral Health’s proposals drew the most public and member concern. The administration proposed cutting the commission’s Innovation Partnership Fund from $20 million to $10 million and reducing the Community Advocacy Program by $6.7 million, while redirecting BHSA dollars to other state purposes and direct services. Commissioners, advocates, and several members argued the cuts would weaken community voice, reduce support for underserved populations, and disrupt grants already in process; they also objected to using BHSA funds to backfill General Fund commitments. Public commenters, including youth, disability, behavioral health, LGBTQ, tribal, veteran, immigrant, and community-based organization representatives, overwhelmingly opposed the cuts and urged preservation of prevention, advocacy, mobile crisis, and innovation funding. No votes or final actions were taken during the hearing.
MN

Minnesota 2025-2026 Regular Session

Committee on Capital Investment - 02/19/26

Capital Investment

Transcript Highlights:
  • The Rural Finance Authority offers low-interest loan programs for a variety of farm activities, including
  • We offer low-interest loan programs for a variety of farm activities, including land purchases, farm
  • And TED is a statewide program. infrastructure program or TED we're also infrastructure program or TED
  • uh on this program. uh on this program.
  • . program. program.
Keywords: 1187, senate, all
FL
Transcript Highlights:
  • We partner with them to provide that loan. We also will back and guarantee the loan.
  • Another program I want to highlight is a rural community investment program. This is...
  • Another program I want to highlight is a Rural Community Investment Program.
  • A couple to highlight: the Emergency Bridge Loan Program provides 0 percent interest loans to small businesses
  • But all of our programs really are loan-focused. Any further questions?
Summary: The committee heard two informational presentations: one from the Department of Commerce and one from the Florida Department of Transportation. Jason Mahon of Commerce outlined the state’s economic development strategy and tools, emphasizing Florida’s GDP growth, business formation, and strengths in manufacturing, high-tech, defense, life sciences, and international trade. He described programs such as the State Small Business Credit Initiative, the Rural Community Investment Program, the Florida Opportunity Fund, the Rural Infrastructure Fund, the Job Growth Grant Fund, performance-based tax credits, and disaster recovery loans, and cited examples including ServiceNow, Williams International, NeoCity, and Point Blank Enterprises. Members asked about small-business grants, foreign investment interest, workforce needs, and whether additional tools are needed; Mahon said most Commerce programs are loan-focused and noted ongoing workforce and site-readiness challenges. Jennifer Marshall of FDOT then reviewed major transportation projects and the Moving Florida Forward initiative, highlighting congestion relief, express lanes, bridge and interchange work, and accelerated delivery methods. She cited projects such as Golden Glades, I-95 improvements, the NASA Causeway Bridge, the DuPont Bridge, I-4 corridor work, the First Coast Expressway, the Howard Frankland Bridge, A1A seawall work, and Turnpike projects, along with examples of cost savings and schedule acceleration. Senators asked about how express lane locations are chosen, toll revenue use in South Florida, the status and cost of the I-395 downtown Miami project, and whether EV and rideshare access to express lanes should be preserved. FDOT said it would follow up on several of those questions, and the committee adjourned without taking any legislative action.
FL

Florida 2026 Regular Session

Appropriations Committee on Higher Education Feb 12th, 2025

Appropriations Committee on Higher Education

Transcript Highlights:
  • When we look at our RN programs, I'm going to present the RN programs divided by program type.
  • , the ADN programs, and the BSN programs, statewide BSN programs have a higher faculty vacancy rate.
  • approved programs.
  • You know, a couple of them— you know, we were talking earlier about the loan forgiveness program that
  • You know, a couple of them— we were talking earlier about the loan forgiveness program that they had
Summary: The Appropriations Committee on Higher Education met to focus on nursing education funding, workforce supply, and Florida’s low NCLEX pass rates. The chair emphasized that Florida ranks last nationally in nursing exam pass rates and said the committee wants to use budget decisions and a forthcoming nursing bill to improve outcomes. The Florida Center for Nursing at USF presented preliminary workforce and education data showing RN supply is moving toward equilibrium with demand through 2037, while LPN shortages are projected to worsen, especially in some regions. The center also reported on enrollment, retention, faculty vacancies, and NCLEX trends, noting Florida still underperforms the national average but has shown some recent improvement, including higher RN pass rates in 2024 despite fewer test takers. The center highlighted that students who test sooner after graduation tend to pass at higher rates. A panel of nursing education leaders from public universities, state colleges, technical colleges, and private institutions described how prior state pipeline and line-item funding helped expand enrollment, simulation labs, faculty hiring, student support services, and partnerships with hospitals. UNF, Galen College, College of Central Florida, Keiser University, and Lorenzo Walker Technical College each reported strategies such as expanded simulation, mental health and social work support, test-prep and remediation, and efforts to grow faculty pipelines. Several speakers said faculty recruitment and retention remain major barriers because of salary competition with hospitals, faculty debt, and aging faculty. Technical college representatives also stressed the need to strengthen LPN pathways, English-language support, and LPN-to-RN bridge programs. Members asked for ideas to improve NCLEX outcomes and discussed possible policy options, including student loan forgiveness, critical shortage supplements for faculty, incentives for students to test soon after graduation, and possible changes to timing or regulation around NCLEX eligibility. Several witnesses supported more flexible or recurring funding, while noting that one-time line funding has been useful for simulation, scholarships, and faculty support but is harder to sustain. The committee adjourned after the discussion, with the chair saying the ideas would be considered in future funding and policy decisions.
CA
Transcript Highlights:
  • The homeowners believe they're signing up for a quote or a public program.
  • and loan terms established by the lender.
  • It ensures consumers can access their loan and project documents.
  • products, not just home improvement loan products.
  • They effectuate the loan themselves on their own device. It's okay.
Summary: The Assembly Banking and Finance Committee met to hear several bills focused on consumer and small business financial protections. SB 97, by Senator Grayson, would update and clarify California’s digital financial assets law; supporters from the blockchain industry and consumer groups said it would improve compliance clarity while preserving room to align with possible federal action. The committee passed SB 97 on a due-pass motion to the Privacy and Consumer Protection Committee, with the roll left open for absent members. The committee also heard SB 362, which would strengthen disclosure rules for small business financing by requiring clearer pricing information throughout the marketing process. Supporters said the bill would help small businesses compare offers and avoid harmful financing, while some industry groups objected to the bill’s treatment of communications and APR disclosures during negotiations. After discussion, the committee passed SB 362 to the Judiciary Committee, with several members voting aye and the roll left open. SB 784, a bill addressing predatory home-improvement and solar financing practices, drew extensive testimony. The author and supporters described scams targeting seniors, low-income homeowners, and non-English speakers, and said the bill would add safeguards such as confirmation calls, document access, fee transparency, and longer cancellation periods. Solar industry groups moved to neutral after amendments, while banks and other lenders raised concerns about overbreadth and impacts on legitimate lending. The committee passed SB 784 to Judiciary, with some members not voting or changing votes during the roll call. Finally, SB 825 sought to give the Department of Financial Protection and Innovation clearer authority to enforce existing consumer financial protection laws against its licensees, especially in light of reduced federal CFPB enforcement. Supporters argued California needs independent state enforcement tools, while banking and mortgage groups opposed the bill as duplicative and unnecessary, urging coordination with federal regulators and proposing narrower amendments. The committee passed SB 825 to Appropriations on a due-pass vote, and then adjourned after completing the agenda.
HI

Hawaii 2025 Regular Session

CPC Public Hearing- Wed Feb 5, 2025 @ 2:00 PM HST

Consumer Protection & Commerce

Transcript Highlights:
  • The bill establishes a state-backed loan program as well as a credit enhancement program that involves
  • <00:35:41.640> are comments in California cpce loans are comments in California cpce loans
  • <00:35:53.280> and owner's ability to repay the loan and owner's ability to repay the loan
  • > is<00:35:54.440> reasonable ensure the loan amount is reasonable ensure the loan amount
  • and this hearing I spoke with a loan and this hearing I spoke with a loan originator<00:36:20.160
Keywords: 910, house, all
Summary: The committee on Consumer Protection and Commerce met on February 5, 2025, and heard testimony on several bills. HB 918, relating to labeling, drew support from the Department of Health, INDA (the nonwoven fabrics industry), and Hawaii Realtors. INDA said the bill aligns with do-not-flush labeling laws in other states but raised a concern about the six-month compliance deadline tied to FIFRA approval. In response to committee questions, witnesses explained that the bill is aimed mainly at disinfecting wipes, that most products are already labeled nationally, and that the proposed timing issue could be addressed by using Oregon’s approach. No vote was taken on the measure during the portion shown. The committee also heard HB 1482, relating to controlled substances. HPD supported the bill, and Aloha Green Holdings and the Department of Health both said they supported the intent but recommended technical amendments. Their testimony focused on clarifying the treatment of Delta-8 THC, distinguishing synthetic or artificially derived cannabinoids from naturally occurring forms, and avoiding confusion in the hemp law. Members asked whether Delta-8 would show up on drug tests; witnesses said it would test positive for THC and would not be distinguished from Delta-9. The bill was then set aside as the committee moved on. HB 981, relating to attorney’s fees, drew opposition from a law firm representing homeowners and associations, which argued the bill would limit access to legal services, favor developers and contractors, and make settlement harder. The witness suggested instead using existing consumer-protection fee-shifting concepts, and committee members explored whether a capped fee award or a broader attorney-fee rule would be more appropriate. The committee then took up HB 807 and HB 336, both relating to condominiums. HB 807 received support from the Green Infrastructure Authority and the Hawaii Bankers Association, while one testifier urged deferral over unresolved questions about commercial PACE financing; the bank association asked for more time to work with HGIA, and the chair indicated decision-making could be deferred to allow that discussion. On HB 336, the Community Associations Institute opposed the bill as removing checks and balances, while the Hawaii Workers Center and others supported it as a step toward clearer enforcement of health and safety issues in condominiums and rental housing.
NH

New Hampshire 2025 Regular Session

House Finance Division III (03/04/2025)

Transcript Highlights:
  • This is where you see our state loan repayment program, something that we often talk about, where we
  • > that<04:06:55.880> we loan repayment program something that we loan repayment program
  • <04:14:00.040> repayment<04:14:00.640> program about the state loan repayment program
  • about the state loan repayment program and<04:14:02.159> um<04:14:02.319> shows<04:14:
  • So the loan program, for example, is that if you attract a nurse from another location who had the loans
Keywords: 928, house, all
Summary: The Finance Division III work session focused on the Department of Health and Human Services’ Division of Public Health Services budget. Department staff said Public Health has a relatively small budget compared with other DHHS divisions, is supported mostly by federal and other non-General funds, and contains nearly 100 accounting units and more than 50 federal grants. They emphasized that the governor’s budget did not include significant cuts, but that federal funding uncertainty and the winding down of pandemic-era resources were major factors affecting the division. The division also explained that some apparent budget growth reflects reorganizations, including moving the Bureau of Emergency Preparedness, Response, and Recovery and some programs from other DHHS divisions into Public Health. The presentation described Public Health’s mission as serving the entire state through food and water safety, disease surveillance, emergency response, maternal and child health, chronic disease prevention, WIC, community health center support, and public health data collection. Members asked about bird flu, and staff explained that human-health response would involve Public Health’s lab, infectious disease, and emergency preparedness units, while animal-health issues are handled with the Department of Agriculture; they also noted ongoing milk testing requested by FDA and USDA. The division said its organizational structure includes bureaus for Family Health and Nutrition, Infectious Disease Control, Public Health Protection, Emergency Preparedness, Prevention and Wellness, Statistics and Informatics, and Public Health Laboratories, with about a 15% vacancy rate. Committee members questioned whether the division’s budget and staffing had really grown since pre-COVID, and staff responded that full-time authorized staffing is about the same as in 2018, with the increase largely due to federal pandemic funding that has since receded and to program transfers between divisions. They said Public Health’s General Fund share is about $24 million out of roughly $1.1 billion in DHHS General Fund spending, or about 2.2% of the department total. Members also asked about the 3,000-position cap and unfunded positions; staff explained that the cap remains in chapter law through June 30, 2025, that 394 positions were unfunded in the governor’s budget, and that the division expects flexibility to move money from personnel lines and fill unfunded positions to manage changing needs. No votes or formal actions were taken in this portion of the work session.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Thursday, May 21, 2026)

US Federal House Floor Meeting

Transcript Highlights:
  • This bill will not eliminate or harm the VA home loan program. should be promises Congress can keep and
  • VA home loan programs to include guard VA home loan programs to include guard and<04:31:10.880> reserve
  • They are also eligible to use the veteran home loan to buy a home and also the program to refinance a
  • They canled the program. after VASP. They canled the program.
  • are people who have used a home loan. are people who have used a home loan.
WY

Wyoming 2026 Regular Session

House Agriculture, State and Public Lands & Water Resources Committee, February 24, 2026

Agriculture, State and Public Lands & Water Resources

Transcript Highlights:
  • Um, for ag, there is no equivalent loan program.
  • projects, we do not do any loans projects, we do not do any loans anymore.<00:17:36.559> Um,<
  • <00:19:13.280> associated there's any kind of a loan associated there's any kind of a loan
  • and ensure that they can make their loan and ensure that they can make their loan payments<00:19
  • program kind of started in the state. program kind of started in the state.
TX

Texas 89th Regular

Pensions, Investments & Financial Services Mar 24th, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • There's also a 9% program; there's 4%... 9%, we mostly do 4% deals.
  • Our focus is the private activity bond and 4% tax credit program.
  • They are not being loaned funds based on projected wages.
  • They include a pawn loan where fees average $150, a high-cost installment loan, or the average fee in
  • those fees. to look like a pawn shop loan type.
NH

New Hampshire 2026 Regular Session

House Finance (01/30/2026)

Finance

Transcript Highlights:
  • But it's not a revolving loan fund in which this isn't that program, in which the state loans out the
  • But it's not a revolving loan fund in which this isn't that program, in which the state loans out the
  • Again, if this was a fly-by-night loan program where people could go on and get money instantly, I would
  • meal programs. meal programs.
  • A program that uses the EFA program? A program that uses taxpayer<02:19:20.240> money?
Keywords: 1189, house, all
NH

New Hampshire 2025 Regular Session

Senate Finance (02/04/2025)

Finance

Transcript Highlights:
  • Our traditional state revolving loan fund is just that: it's a loan with potentially a certain amount
  • taken out by the water system, they were connected to the time of the loan or loan origination.
  • <01:02:47.400> or loan or loan or origination<01:02:50.160> so<01:02:50.400> there's
  • <01:08:06.039> to will essentially allow the program to will essentially allow the program
  • part of the housing Champions program part of the housing Champions program there's<01:08:25.279
Keywords: 1191, senate, all
FL

Florida 2025 Regular Session

February 4, 2025 - 09:00 AM

Transcript Highlights:
  • This legislature, after Idalia, put in the loan program for Had dollars left over.
  • This legislature, after Idalia, put in the loan program, first time in the history of the state that
  • Through this loan program at zero percent, they can afford to clear. Family business.
  • Through this loan program at zero percent, they can afford to clear and put up a new building.
  • So that's the criticalness of the loan program.
Summary: The committee received an overview from Agriculture Commissioner Wilton Simpson on the Department of Agriculture and Consumer Services, including staffing, licensing, forestry, law enforcement, and consumer services. He emphasized agriculture as a major economic driver and a national security issue, arguing that Florida should protect farmland, aquifer recharge areas, and the wildlife corridor through the Rural and Family Lands program. He said the program is cost-effective because the state buys development rights rather than land outright, keeps land on local tax rolls, and helps preserve farmland in perpetuity. He also highlighted the Fresh From Florida marketing program, increased social media reach, and the department’s efforts to reduce vacancies and improve pay and efficiency. Members asked about nutrient management, citrus disease, housing, disaster recovery, wildfire prevention, interdiction stations, and concealed carry permitting. Simpson said SB 1000 and updated best management practice manuals, informed by University of Florida research, are helping agriculture use less water and fertilizer, and he described citrus greening as having devastated the industry while noting research, replanting programs, and CUPS as possible paths to recovery. On housing, he argued that allowing H-2A farmworker housing on farms would ease pressure on the broader housing market, and on disasters he described a zero-interest loan program for farmers affected by hurricanes and other events. He also detailed wildfire preparedness improvements, including upgraded helicopters, dozers, drones, and prescribed burns. The commissioner said ag interdiction stations are catching stolen semis, drugs, human trafficking, and other illegal activity, and that the department wants more technology, including X-ray scanning, to inspect more trucks. He also discussed concealed carry administration, saying the department cleared a large backlog and that constitutional carry reduced but did not eliminate permit demand because permits still provide reciprocity and other benefits. Members generally praised the department’s work, expressed support for rural land protection, Fresh From Florida, water-quality improvements, and foreign-interference concerns, and the meeting ended with no formal votes or other committee action beyond adjournment.
MN

Minnesota 2025-2026 Regular Session

Committee on Commerce and Consumer Protection - 03/18/25

Commerce and Consumer Protection

Transcript Highlights:
  • source for the reinsurance program source for the reinsurance program without<00:03:15.159> this
  • consider these products to be loans consider these products to be loans given<00:05:16.960> their
  • Nations have medical cannabis programs Nations have medical cannabis programs uh<00:16:04.839>
  • Thank you. current medical program under 152 and current medical program under 152 and the<00:25:16.720
  • the future medical program under the future medical program under 342<00:25:20.039> and<00:25:
Keywords: 1187, senate, all
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Racial Equity, Civil Rights, and Inclusion Jun 21st, 2026 at 01:00 pm

Joint Committee on Racial Equity, Civil Rights, and Inclusion

Transcript Highlights:
  • And now I'll end with some changes to the student loan and repayment programs.
  • It eliminates Grad PLUS loans. It caps borrowing below actual program costs.
  • A second would be creating an enhanced Massachusetts loan program for grad students, and a third would
  • eligible for loans, meaning that students enrolling in programs such as early education, social services
  • For Black students, we've heard today how changes affecting the federal loan programs and policies, including
Keywords: 995, all
Summary: The Joint Committee on Racial Equity, Civil Rights, and Inclusion held an informational hearing on “Protecting Equity in Higher Education” and emphasized that no bills were being heard. Members and witnesses focused on the effects of recent federal actions on DEI, admissions, financial aid, student loans, international students, and campus equity efforts in Massachusetts. Opening remarks from the co-chairs and the chair of Higher Education highlighted Massachusetts’ investments in free community college, expanded financial aid, and early college programs, while warning that federal policy changes could undermine those gains. Testimony from BU law professor Jonathan Feingold argued that many DEI practices remain legally defensible after Students for Fair Admissions v. Harvard, and that the decision did not end all race-conscious or equity-oriented efforts. He said the Trump administration’s anti-DEI actions and funding threats were legally suspect and had created confusion and a chilling effect. Bahar Akman-in-Boden of the Hildreth Institute testified that proposed federal cuts to TRIO, Gear Up, Pell Grants, SEOG, work-study, and student loan programs would disproportionately harm low-income, first-generation, Black, Latino, and other underserved students, and urged the state to prepare hold-harmless and advising supports using Fair Share revenue. Commissioner Noe Ortega described Massachusetts’ long history of equity in higher education and said the state has expanded aid, success programs, and early college, but still has work to do on attainment and completion. He said the state responded to SFFA by creating ACARE and continuing to defend equity practices, while also warning that federal disruptions and “dear colleague” letters have created uncertainty. In the second panel, state university leaders and campus officials said federal threats to Pell, DEI grants, Medicaid, and international student policies could affect access, campus operations, and the economy; they stressed that most state university graduates stay in Massachusetts and that institutions are continuing their equity practices despite federal pressure. Roxbury Community College’s president said RCC remains committed to open access and inclusion, noted enrollment growth, and said executive orders do not change existing law or the college’s obligations.
NM

New Mexico 2026 Regular Session

Senate - Finance Feb 2nd, 2026 at 03:25 pm

Senate Finance

Transcript Highlights:
  • support program.
  • Programs that we have.
  • are mainly loans.
  • We recently developed a program called the ZIP program.
  • ZIP program: zero interest home buyer loans. So there's basically...
Bills: SB48, SB64, SB100
MN

Minnesota 2025-2026 Regular Session

Committee on Energy, Utilities, Environment and Climate - 03/16/26

Energy, Utilities, Environment, and Climate

Transcript Highlights:
  • In some cases, we may get what's called a program-related investment, where that is a low-cost loan,
  • In some cases, we may get what's called a program-related investment, where that is a low-cost loan,
  • guarantee of that loan, then uh suppose guarantee of that loan, then uh suppose that<00:35:42.400
  • go to the back of the house for loan go to the back of the house for loan servicing,<00:37:05.920
  • The proposed legislation would clarify MnSEFA's authority to accept loans and secure loans in order to
Keywords: 1187, senate, all
KY
Transcript Highlights:
  • The next loan is a Fund B loan to the city of Bardstown.
  • The third loan is a Fund B loan to the city of Everett.
  • 01:15:10.320> the The next loan is a fund B loan to the The next loan is a fund B loan to the
  • This is very prescribed by HUD, and our program is an IRS program, a Treasury program, that prescribes
  • <01:27:34.239> um HUD and our program is an IRS program um HUD and our program is an IRS program
Summary: The meeting began with routine business, including welcoming new committee member Senator Reginald Thomas, approving the minutes, and receiving a correspondence report on several information items. Those items included University of Kentucky research equipment funding, UK capital project funding using federal/private funds, debt issues from McGoffin County and Owen County school districts, lease modifications by the Division of Real Properties, asset preservation project revisions at Eastern Kentucky University and Northern Kentucky University, and Kentucky Communications Network Authority (KCNA) information on Kentucky Wired critical infrastructure. The main discussion focused on a dispute over the Kentucky Wired communication shelters, or “huts,” and related payments under KCNA’s agreement with Asellicom/Excel. Brad Kilby of Asellicom testified that KCNA had not paid for the huts, that Asellicom had not received the alleged $8 million or any later payment, and that Asellicom remained the legal owner. Committee members pressed him on whether payment had been received, whether anyone else might have received it, and whether the lawsuit or dispute resolution process clarified the issue. Kilby said no payment had been received and that the matter was part of ongoing litigation. KCNA Executive Director Doug Hendricks and General Counsel Adam Atkins then testified. They said a certified check for $8.5 million was mailed in July, based on the Finance and Administration Cabinet secretary’s determination that $8.5 million was due under the model procurement code, even though KCNA had initially requested about $12 million to cover a worst-case estimate. They said the contract allowed payment in full or in tranches, that the huts were completed and operational, and that KCNA had not received documentation supporting Asellicom’s higher $10.1 million claim. Members expressed frustration over the missing check and the broader implications for Kentucky Wired, and one member requested that the committee obtain all agency requests related to KCNA/Kentucky Wired since inception; the co-chairs said they would look into making that information available. No formal vote was taken on the dispute during the portion provided.
CA

California 2025-2026 Regular Session

Assembly Banking and Finance Committee Jul 7th, 2025

Banking and Finance

Transcript Highlights:
  • The homeowners believe they're signing now for a quote or a public program.
  • and loan terms established by the lender.
  • It ensures consumers can access their loan and project documents.
  • The loan also has to be one where the funds are released directly to the contractor.
  • They effectuate the loan themselves on their own device.
Keywords: 988, house, all