Transcript Highlights:

• Currently school bond questions are excluded from being placed on the general election ballot.
• NMSA stands in support to allow school bond and/or mill levy elections to be included in the general
• Currently, schools are limited and can only place these bond levy elections on a regular local election
• Should this resolution be approved, districts can place bond and/or mail questions on partisan elections
• This allows us then to join in with lots of options to get the GO bonds and the mill levies for districts

Keywords: 996, all

Transcript Highlights:

• aware that instruction and general facilities are currently funded through our general obligation bond
• and our severance tax bond package, but our university certainly has struggled in terms of how we can
• There's public schools in our district that are 70 years old and can't get to the required bonding capacity
• Section E talks about affording the match with institutional reserves, institutional bonds in accordance
• with the Institution Bond Act, property tax levies, federal or tribal support.

Keywords: 996, all

Transcript Highlights:

• It really is during our bond sales that our bonds become more competitive, so the more competitive we
• <02:30:32.359> Bank Bond Bank um the municipal Bond Bank Bond Bank um the municipal Bond Bank
• That drives up our bond rating.
• That bond rating will help us with future bonds by keeping our interest charge lower.
• That drives up our bond rating.

Keywords: 928, house, all

Summary: The committee meeting began with an overview from the Legislative Budget Assistant Office on how Ways and Means will work with agencies and leadership during the budget and revenue-estimating process. Staff explained that the governor’s budget is still being developed, agencies are cautious about going on record early, and the committee will use worksheets and updated fiscal reports to track estimates. The presentation emphasized that the fiscal year 2025 budget status is a point-in-time snapshot and remains fluid because the annual comprehensive financial report has been delayed, which could change the beginning balances for both the general fund and education trust fund. The budget update highlighted that the general fund is currently stronger than originally assumed, while the education trust fund is weaker. The speaker said the general fund began FY25 with a much larger balance than expected, while the education trust fund came in lower due to higher-than-budgeted adequacy spending and weaker business tax performance. Revenue trends showed the general fund slightly ahead year to date, but the education trust fund down significantly. The committee also discussed unbudgeted appropriations, including attorney general litigation, legal settlements, abandoned property claims, adequacy true-ups, and education freedom accounts, as well as the role of lapses and off-budget items in the final balance. Members asked about the delayed liquor commission audit and whether it could affect revenue forecasts. Staff said the delay was mainly caused by the commission’s switch in point-of-sale systems and staffing losses, but did not expect major ongoing reporting issues. They also noted that liquor fund variances are more likely tied to Medicaid expansion costs than to commission operations. The governor’s office was said to be working on possible budget reductions, but no January request to the fiscal committee was expected. Commissioner Lindsay Stepp of the Department of Revenue Administration then presented an overview of state revenue sources, focusing first on the meals and rentals tax. She explained that DRA administers 14 taxes that account for most state revenue, and that meals and rentals tax growth has slowed after strong post-pandemic gains. She described factors affecting the tax, including employment, inflation, fuel and food prices, wages, and weather, and noted that online platforms like Airbnb have improved compliance by collecting and remitting tax on behalf of hosts. Members asked about short-term rental compliance and how DRA identifies unlicensed rentals; Stepp said referrals, anonymous tips, and platform data help enforcement.

Transcript Highlights:

• Now issue a bond that yields 2 and 1/2%.
• So, again, a bond repayment program.
• about a bond issuance. about a bond issuance.
• <02:52:18.280> issue the bond issue the bond issue where<02:52:19.640> we<02:52:19.760
• an investment strategy like using a bond an investment strategy like using a bond and<02:58:09.880

Keywords: 916, all

Transcript Highlights:

• We have bonding authority, so we have proceeds from agency bond issuances.
• We have bonding authority. So, we does. We have bonding authority.
• have pro proceeds from agency bond have pro proceeds from agency bond issuances. issuances. issuances
• infrastructure, and geo bond proceeds. infrastructure, and geo bond proceeds.
• And we do bond issuances and a lot of, like I say, banky things to make that happen.

Bills: SF2434

Keywords: housing, development fund, affordable housing, Minnesota Housing Finance Agency, expenditure provisions

Transcript Highlights:

• The bottom line is that state bonds allow projects to get done.
• The 2025 bonding bill appropriated $31 million in general obligation bonds for this program, with $11
• million in state bridge bonds. million in state bridge bonds.
• We really appreciate the level of funding for transportation and past bonding bills.
• So again, we really urge you to pass a bonding bill this year.

Keywords: 1183, house

Transcript Highlights:

• She drove all the way from Moorhead, so I appreciate having us. bonding is there also potentially a bonding
• Hussein us yes they'll be asking bonding Hussein us yes they'll be asking bonding for<00:53:13.880
• Co-Chair McDonald: ...but more so in bonding. Oh, I don't think these can be bonded. I can ask.
• Co-Chair McDonald: ...but more so in bonding. Oh, I don't think these can be bonded. I can ask.
• Co-Chair McDonald: ...but more so in bonding. Oh, I don't think these can be bonded. I can ask.

Keywords: 1183, house

Transcript Highlights:

• Um, bonds are basically a credit card.
• Some of these revenue bonds are credit cards are being used to pay off general obligation bonds that
• Um bonds are a basically >> Please proceed.
• bonds that were<00:46:31.040> issued<00:46:31.440> previously.
• debt services on a hund00 million bond debt services on a hund00 million bond um<00:46:49.119>

Bills: HB2246, HB2119, HB1929, HB1953, HB1572, HB2549, HB2594, HB2551, HB2595, HB2548, HB2459, HB1931, HB1604, HB1616, HB1736, HB2233, HB2241, HB1891, HB1803, HB2567, HB2534, HB2399, HB2172, HB1595, HB1811, HB2168, HB1780, HB1781, HB1785, HB2122, HB2012, HB2398, HB1779, HB2296, HB1894, HB1925, HB2019, HB1896, HB2294, HB2298, HB2300, HB2344, HB2345, HB2391, HB2037, HB2201, HB1941, HB1635, HB1943, HB2325, HB1926, HB2490, HB1710, HB2545, HB1976, HB2173, HB1804, HB1563, HB2015, HB1619, HB2475, HB1889, HB2367, HB2187, HB1765, HB1452, HB2231, HB1700, HB1705, HB1626, HB1897, HB1642, HB1523, HB2593, HB815, HB1655, HB1596, HB1732, HB1842, HB2476, HB2478, HB2022, HB1588, HB2575, HB1163, HB2153, HB772, HB1519, HB2050, HB2309, HB2147, HB2329, HB2274, HB2280, HB2547, HB2275, HB2452, HB2306, HB2148, HB2088, HB1764, HB2438, HB2117, HB1860, HB2604, HB2118, HB2017, HB2155, HB1832, HB2216, HB1601, HB1934, HB2297, HB2397, HB1893, HB2533, HB1890, HB2454, HB2004, HB2427, HB2207, HB1810, HB1840, HB1644, HB1645, HB1946, HB1648, HB2324, HB2323, HB1509, HB1514, HB1515, HB2164, HB2165, HB2283, HB1691, HB2386, HB2423, HB2121, HB1984, HB1593, HB1671, HB2619, HB1481, HB2314, HB2319, HB1643, HB2558, HB1864, HB1898, HB2214, HB2167, HB2488, HB2009, HB2007, HB322, HB1964, HB2218, HB2616, HB1535, HB1574, HB1977, HB2054, HB2046, HB146, HB2094, HB2181, HB2250, HB2515, HB2444, HB2385, HB1740, HB1724, HB1733, HB1799, HB1725, HB2049, HB2161, HB1970, HB2519, HB1790, HB2416, HB1873, HB2001, HB2151, HB1603, HB1880, HB1753, HB2198, HB1511, HB1991, HB2546, HB1615, HB1939, HB2140, HB2429, HB1870, HB1850, HB1782, HB2137

Keywords: agriculture, federal grants, Hawaii, grant administration, revolving fund, department of agriculture and biosecurity, grant compliance, financial support, coffee, pest control, subsidy program, coffee berry borer, coffee leaf rust, economy, biosecurity, invasive species, Molokai, advisory board, quarantine, environmental protection

Transcript Highlights:

• The bond built in this chamber... The laughter, the conversations, and the loyalty.
• So all of this amendment does is it removes the part about tax levies and bond issues.
• Even to plan how much they're asking for a bond issue or a tax levy.
• But we want those taxpayers who are paying those bonds and putting those...
• Who are paying those bonds and putting those school board people.

Keywords: 959, house, all

Transcript Highlights:

• It's just the financing or the color of money would be general obligation bond funds.
• Also, the May revision proposes to use interest earnings from previous bond issuance to support $5.8
• These funds are interest earnings from very old bonds and will not increase the state's debt burden.
• And there's a whole other conversation. about that through the measure that a bond measure that we've
• funds bond fund proceeds we need that budget bill language in order to claim the funds so you needed

Keywords: 988, house, all

Transcript Highlights:

• Up next is House Bill 1168, HD1 ST1, relating to the University of Hawaii revenue bonds.
• Uh for the House, myself revenue bonds.
• Next bill: House Bill 1168, HD1, SD1, relating to the University of Hawaii revenue bonds.
• Next bill: House Bill 1168, HD1, SD1, relating to the University of Hawaii revenue bonds.
• House Bill 1168, HD1, SD1, relating to the University of Hawaii revenue bonds.

Keywords: 912, senate, all

Summary: The conference committees met repeatedly on Friday, April 25, 2025, mostly to wait for finance releases and to roll bills to later times. Several measures were deferred or continued, including HB 1007 on HCDA, HB 987 on procurement, HB 620, HB 961, HB 1293, HB 1320, SB 1252, HB 1168, and others, with members often agreeing to reconvene later in the day when releases might be available. One higher education bill, HB 549 on an early learning apprenticeship grant program, was deferred because the requested expenditure of about $12.5 million could not be approved, and HB 563 on the UH Space Science and Engineering Initiative was also deferred after conferees could not reach agreement in time. Several bills were successfully amended and passed. HB 329 appropriated $2 million for the Mililani work-for-housing project and $2 million for Maui Central Middle School. HB 736 established a wastewater system technology testing pilot program at the UH Water Resources Research Center and included a $745,325 FY26 appropriation. SB 865 created a full-time permanent CTAHR extension position, funded at $76,570 in each of FY26 and FY27 through the Agribusiness Development Corporation. HB 442 funded two pre-nursing pathway positions at UH with $215,552 each year for two fiscal years, and HB 1146 funded UH graduate assistant positions and planning work for Ala Wai Canal debris management and water quality control, with the conferees correcting the FY26 amount during discussion before approving it. Later, HB 1168 on UH revenue bonds was approved with amendments, setting the bond amount at $30,750,000 and a July 1, 2025 effective date. HB 961, the librarian pilot program, was ultimately approved with a CD1 restoring the original $132,308 appropriation and two FTE librarian positions for a two-year pilot serving one Oahu complex area and one neighbor island complex area. HB 1293 on Department of Education procurement was also approved with amendments to support the DOE’s farm-to-school goals by exempting certain local food purchases under $250,000 from the electronic procurement system and requiring at least three written quotes instead, effective July 1, 2025, with repeal on June 30, 2028. SB 1252 on dementia was later approved with a CD1 funding two full-time positions in UH Mānoa’s John A. Burns School of Medicine Department of Geriatric Medicine at $525,000 each in FY26 and FY27.

Transcript Highlights:

• Um How much do bonds factor into Um, Let's start with the rate.
• If if you were going to divide the rate between the bonds.
• Between the bonds and the Of what it costs. It used to be that Austin Energy would fund everything.
• OK, again, I want to go back to the bonds. Let's do the, let's do the spending side.
• Versus the bonds of the city.

Transcript Highlights:

• Um, how much do bonds factor into? Um, let's start with the right.
• If you were going to divide the rate between the bonds...
• Can you divide the dollar between the bonds?
• Okay, again I want to go back to the bonds. Let's do the spending side.
• I can't say general revenue, just the maintenance and operation versus the bonds of the city.

Bills: HB386, HB1449, HB1701, HB2142, HB2675, HB2857, HB3063, HB3171, HB3641, HB3732, HB4045, HB4370, HB4491, HB4505, HB4626, HB5267, HB5356

Keywords: construction contracts, change orders, local government, budget limits, Texas legislation, HB 1449, mobile food vendors, food trucks, mobile food service establishments, permits, county health permit, municipal permitting, Health and Safety Code Chapter 437A, Chapter 437, inspection agreements, permit reciprocity, fee cap, preemption, large counties, population over one million

Transcript Highlights:

• .) is here today to ask the legislature for permission to apply their skills and low-cost capital bonding
• And last year, thanks to your work and the legislature, our bonding capacity was expanded from $1.3 to
• We're basically allowing this group to... ...a bond for allowing non-profits to use bonding authority
• So would they have to... ...in order to take advantage of this bonding authority, or how would that work
• I know you said this is not the state's bonding authority, so it is not anything...

Transcript Highlights:

• Committee sub adds a bonding option for the cost of plugging each each inactive well according to the
• It also provides for a way to. bond for each well, which we don't do right now.
• That option, that money follows the well with that plugging bond, which is good.
• And, you know, there's a blanket bond provision in that and it's really not, honestly, that meaningful
• Doing things we've never done before, like look at the bonding cost on each well.

Bills: SB1150, SB763, SB1061, SB1146, SB1198, HB279, HB310

Keywords: concrete plants, environmental regulation, permit process, air quality, Texas Commission on Environmental Quality, SB 1061, uranium mining, production area authorization, TCEQ, Water Code, groundwater, groundwater conservation district, restoration table value, restoration values, contested case hearing, Chapter 2001, mineral rights, surface owners, notice requirements, environmental permitting

Transcript Highlights:

• Like, would you have the bonding capacity for House Bill 145 if this bill does not pass?
• Okay, we just had a discussion on bonding. And I'm sure everybody in the room understands bonding.
• What I am proposing with this bill is putting enough money up that we don't have to bond.
• Well, first of all, I don't see any problem with bonding out. I don't know what the rate is for.
• We get a bunch of other information, like whether it's ISEP and whether there's been bonding to pay for

Transcript Highlights:

• These bonds historically have had a high interest rate and must be repaid by our policyholders over a
• We will likely have to collect a surcharge from our policyholders to pay the bond debt service.
• I believe the Hurricane Harvey bonds were like 9 percent or something like that.
• We will likely have to collect a surcharge from our policyholders to pay the bond debt service.
• I believe the Hurricane Harvey bonds were like 9% or something like that.

Keywords: 1185, senate, all

Transcript Highlights:

• What we're trying to do in this specific instance is allow those bonds to be paid off by that school
• State and federal funds have nothing to do with your capacity to bond.
• when you take a district the size of Geronimo and shrink that out of their budget, if they're at bonding
• we going to make every single school district whole when their valuations plummet and most of them bond
• To the districts, and she'll keep a like a triple-A rating for the bonds. Yes. Further questions?

Bills: HB3044, HB3465, HB3625, HB3704, HB3759, HB3920, HB3972, HB4191, HB4311, HB4426

Keywords: veterans, tax refund, Oklahoma Department of Veterans Affairs, capital improvement, donations, Oklahoma Emission Reduction, incentive, taxation, environment, revenue, investment, school funds, treasurer, education funding, financial policy, income tax, scholarship, tax credit, Oklahoma Tax Commission, school funding

Transcript Highlights:

• the pledge of funds from excess lottery and add two new provisions to the code to authorize revenue bonds
• would authorize up to $12 million from excess lottery funds to be used to pay debt service for revenue bonds
• The revenue bonds are to be issued for the purpose of providing funding for paying for all or a portion
• The principal amount of the bonds issued under the new sections may not exceed $150 million for a term
• Development Authority a list of capital improvements to be paid for by the funds received from the revenue bonds

Keywords: 994, senate, all

Transcript Highlights:

• Um, we got AAA bond rating from all the bond houses, which is the best rating you can get, suggesting
• Um, we got AAA bond rating from all the bond houses, which is the best rating you can get, suggesting
• Um, we got AAA bond rating from all the bond houses, which is the best rating you can get, suggesting

Keywords: 1187, senate, all