Video & Transcript Research : 'volume cap'
Page 49 of 357
MN
Transcript Highlights:
- Where there is no guarantee of the volume or complexity of requests submitted, the ability to pay the
- Ultimately, it is unlikely that a specific or capped fee amount would cover the actual costs incurred
- Where there is no guarantee of the volume or complexity of requests submitted, the ability to pay the
- Ultimately, it is unlikely that a specific or capped fee amount would cover the actual costs incurred
- <00:08:28.479>
fee unlikely that a specific or capped fee unlikely that a specific or capped
Keywords:
individual income tax, retirement contributions, tax corrections, annuity contracts, tax year attribution, tax credit, economic development, community investment, data disclosure, Minnesota regulations, tax increment financing, municipal authority, job creation, transferred increment, public hearing, nonresident employees, income tax exemption, Minnesota taxation, employment duties, tax withholding
MA
Massachusetts 2025-2026 Regular Session
Senate Committee on Intergovernmental Affairs Jun 21st, 2026 at 01:00 pm
Senate Committee on Intergovernmental Affairs
Transcript Highlights:
- So that'll give you an idea of some of the volumes you're seeing.
- Importantly, we would retain the existing ownership caps. While improving safety.
- Importantly, we would retain the existing ownership caps, and the crews have already consolidated, so
- But it keeps the ownership caps, and I can tell you that our group is not comprised of private equity
Summary:
The joint hearing focused on the Atlantic sea scallop fishery, with particular attention to Massachusetts ports, federal scallop management, the proposed reopening of the Northern Edge on Georges Bank, and permit stacking/consolidation. The chair opened by noting the hearing would take written and oral testimony, that time was limited, and that the discussion was intended to inform legislative engagement with federal regulators rather than decide the issue directly. Dan McCarron of the Massachusetts Division of Marine Fisheries and Dr. Kate O’Keefe of the New England Fishery Management Council outlined the federal management structure under the Magnuson-Stevens Act, the role of annual catch limits and rotational closures, and the economic importance of scallops to New Bedford, Gloucester, and other Massachusetts ports. O’Keefe said the council’s current scallop framework is based on annual management, research surveys, and public input, and that recent environmental changes and uncertainty are affecting catch advice and biomass.
Dr. O’Keefe and later Dr. Kevin Stokesbury of UMass Dartmouth described the fishery’s recent condition: abundance has increased in some areas, but biomass has fallen because many scallops are still too small to harvest, and changing ocean conditions and natural mortality are affecting the stock. They said the Northern Edge action was considered as a joint scallop/habitat framework but was discontinued in 2024 because the council could not reconcile competing objectives involving scallop yield, habitat protection, and impacts on other species such as cod, lobster, and herring. Stokesbury emphasized the long-running collaborative survey work with industry, said the fishery remains highly productive, and argued that the science supports careful rotational management and that the Northern Edge could be highly productive for scallops, though he acknowledged habitat tradeoffs. Committee members pressed both witnesses on why the issue had remained unresolved for so long and whether the council could revisit it through a future framework.
Representatives of the Sustainable Scalloping Fund, including attorney Drew Kavage, John Lees, Sam Blasley, and Tony Alvernes, urged support for reopening the Northern Edge and for permit stacking, which would allow more than one scallop permit on a vessel while keeping ownership caps in place. They argued the fishery is a major economic driver, that industry-funded research has supported sustainable management, and that stacking would help family-owned operators reduce costs, improve safety, and avoid financial distress. They also stressed the need to protect working waterfront infrastructure in New Bedford and other ports. The chair said he was not opposed to stacking in principle but wanted to avoid a slippery slope toward excessive consolidation or private equity control; he noted that any stacking change would require an amendment to the fishery management plan or federal action. No votes were taken, and the hearing concluded with an invitation for continued engagement and future updates on the council process.
WA
Washington 2025-2026 Regular Session
House Health Care & Wellness Dec 5th, 2025
Transcript Highlights:
- and Ian and Dennis both spoke to this: maintaining access to services that are at the right patient volume
- credit are getting more, and more people are receiving the tax credit because they removed the income cap
- So, one in red, you see the two population groups: those over the income cap, now that the enhanced premium
- And the income cap is fairly modest. It's $62,000 and change for an individual per year.
Summary:
The committee heard a JLARC presentation on the Department of Health’s oversight of hospital inspections, complaints, and reporting. JLARC said DOH was late on 72% of acute care hospital inspections as of December 2024, had not verified that third-party accrediting standards were substantially equivalent to state standards, did not consistently require proof of those inspections, did not review adverse health event corrective plans, and could make hospital data more accessible. JLARC also raised a possible language-access barrier in the complaint system. Members asked about complaint filing by staff, the meaning of adverse health events, inspection outcomes, and whether the audit compared DOH to other agencies. JLARC said it had not reviewed inspection results or cross-agency comparisons, but noted inspectors were dedicated and working long hours. DOH later said it concurred with the recommendations and outlined a strategic plan with target dates for improving timeliness, verifying accreditation standards, expanding language access, reviewing adverse event laws, and improving public data access, with annual reporting to the Legislature expected.
The committee then heard a Department of Health presentation on certificate of need modernization. DOH described the current certificate of need process, which reviews need, financial feasibility, quality, and cost containment for certain facility changes and new services, and said the program has not been modernized since the 1980s. DOH proposed 10 statutory modernization recommendations, including clarifying the program’s purpose, creating a planning entity, adding flexibility, reducing legal costs, updating access-to-care standards, expanding oversight to freestanding emergency departments and urgent care, addressing equity, improving cost control coordination, strengthening long-term funding, and using better data systems. Members asked about oversight of freestanding urgent care and EDs, funding sources, and whether the process could be streamlined or made more responsive to complaints or other triggers.
A third panel discussed artificial intelligence in health care. Lucy O’Rourke of the Coalition for Health AI described CHAI’s work on responsible AI principles, technical standards, model cards or “nutrition labels,” testing and governance tools, and educational resources for providers. She said the group is focused on trust, transparency, fairness, safety, security, and privacy, and noted Washington’s AI-related policy work as among the more progressive in the country. No questions were asked.
The final portion focused on the financial impact of federal and state health care policy changes. The Washington State Hospital Association said hospitals are facing low or negative operating margins, service reductions, layoffs, and closures, and that state cuts and taxes enacted in 2025, combined with federal HR1 changes, will significantly worsen finances. Providence Swedish leaders described staffing reductions, service cuts, delayed capital investments, and pressure from denials, tariffs, and reimbursement changes, while emphasizing that frontline staffing cuts are tied to service reductions rather than nurse-to-patient ratio changes. The Washington Health Benefit Exchange then began a presentation on expiring federal ACA premium tax credits, state Cascade Care Savings assistance, and eligibility changes affecting lawfully present non-citizens, with examples showing large premium increases for customers if federal subsidies expire.
LA
Louisiana 2026 Regular Session
Natural Resources and Environment Apr 28th, 2026
Natural Resources & Environment
Transcript Highlights:
- department that includes, by the Department of Energy, that includes the number of active agreements, the volume
- did our license restructure, we diverted almost all the boat registration money into that fund and capped
- we do this, it ends up that once they spray and shock it, it takes them because that's such high volume
- get some good data on the reported amounts, but again, the auditing and the verification of that volume
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Jul 23rd, 2025
Transcript Highlights:
- minimal eligibility requirements to request and receive funding that contributes to increasing the volume
- On page 6 of this first presentation, it shows the statewide capped outlay funds, and that's the part
- One, reauthorizations have increased in volume significantly in recent years.
- COVID until now, nationally speaking, we have seen a significant amount of increased construction volume
HI
Hawaii 2026 Regular Session
TRN Public Hearing - Tue Feb 3, 2026 @ 10:30AM HST
Transcript Highlights:
- Caps a total credit of $20 million annually, with carryover provisions, and requires reporting to ensure
- Thanks for the opportunity. >> Thank you. >> Cap Chamber of Commerce in support.
- It's mainly because we just don't have the volumes that they're looking for.
- mainly because we just don't have the mainly because we just don't have the the<00:54:48.079>
volumes - the volumes that they're looking for. the volumes that they're looking for.
Summary:
The committee heard testimony on HB 1694, which would create a sustainable aviation fuel tax credit, and HB 1695, which would expand the state’s renewable fuels production tax credit. For HB 1694, supporters from the airlines, renewable fuels industry, business groups, and some environmental and youth representatives said sustainable aviation fuel is a practical near-term way to cut emissions in aviation, a hard-to-decarbonize sector, and argued the credit would send a market signal, support local production, and help meet state climate goals. Opponents, including Energy Justice Network and a taxpayer-focused testifier, argued the bill could subsidize expensive fuels that may not be truly clean, could duplicate benefits available under other tax provisions, and should not support transpacific aviation or technologies they said are unproven or harmful. The Department of Taxation stood on written testimony, and the chair later asked that all verbal testimony on remaining bills be limited to one minute because of time constraints.
HB 1695 drew similar support and opposition, but focused more broadly on renewable fuels for transportation, trucking, shipping, and other sectors. Supporters, including the Hawaii State Energy Office, airlines, PAR Hawaii, the Hawaii Renewable Fuels Coalition, Pacific Biodiesel, and the RNG Coalition, said the bill would help scale local fuel production, reduce greenhouse gas emissions, support jobs and agriculture, and advance the state’s climate and energy goals. Several supporters emphasized that the credit would help build a local industry and that life-cycle accounting should be used to measure emissions benefits. Opponents repeated concerns that some biofuels and waste-based fuels may not be climate-beneficial, may rely on flawed modeling, and could create costly infrastructure that would need to be replaced later. No votes or final committee action were taken in the portion of the meeting provided.
MN
Minnesota 2025-2026 Regular Session
Agriculture Committee Meeting - 2026-04-08
Agriculture Finance and Policy
Transcript Highlights:
- Premium genetics on both the bull and cow side increase both the volume and value of all the products
- <00:58:43.440>
and cow side increase both the volume and cow side increase both the volume - The farmers' contribution is capped at $500 per tractor.
- The farmers uh contribution<01:11:19.600>
is <01:11:19.840>capped <01:11:20.080>at - c><01:11:20.400>
$500 <01:11:21.120>per contribution is capped at $500 per contribution
Keywords:
energy, renewable energy, ammonia, hydrogen, certificate tracking, funding, environment, elk, cervidae, cervid importation, chronic wasting disease, CWD, animal health, livestock, wildlife disease, Minnesota Department of Natural Resources, state veterinarian, zoo, Association of Zoos and Aquariums, AZA
HI
Hawaii 2026 Regular Session
JHA Public Hearing - Wed Mar 18, 2026 @ 2:00 PM HST
Judiciary & Hawaiian Affairs
Transcript Highlights:
- Cap respectfully asks the committee to pass this bill and demonstrate Hawaii is going to protect her
- Cap respectfully asks the committee to pass this bill and demonstrate Hawaii is going to protect her
- Cap respectfully asks the committee to pass this bill and demonstrate Hawaii is going to protect her
- Cap respectfully asks the committee to pass this bill and demonstrate Hawaii is going to protect her
- um high potential to increase the volume um high potential to increase the volume of<00:30:01.920
Summary:
The committee heard testimony on Senate Bill 3123, which would treat free tuition or school-conditioned enrollment at private educational institutions as a conditional gift rather than a contractual obligation unless otherwise agreed in writing. The Office of the Governor supported the bill, and Kamehameha Schools and the Hawaii Association of Independent Schools strongly backed it, saying it would protect donor intent, preserve school-ohana relationships, and help maintain tuition assistance and educational access for families. A committee member commented favorably on the unity among school organizations, and there were no objections raised before the committee moved on.
The committee then took up Senate Bill 2438, which creates a civil cause of action for interference with constitutional and statutory rights through threats, intimidation, or coercion, with private and government enforcement options and protections for constitutionally protected speech. Testifiers from the Community Alliance on Prisons and a know-your-rights educator supported the measure as a civil rights protection grounded in the Hawaii Constitution. No opposition testimony was presented during the hearing, and the measure appeared to receive general support from those who testified.
Finally, the committee heard Senate Bill 3142, which establishes offenses for dangerous and habitual dangerous intoxication and allows civil protective custody and emergency examination in lieu of arrest in certain cases. The Attorney General, Department of Corrections and Rehabilitation, Department of Health, and Department of Human Services supported the bill as a treatment-oriented diversion tool for people who are dangerously intoxicated and at risk to themselves or the public. The Office of the Public Defender opposed the measure, warning it could expand police discretion, burden emergency rooms, and function as a loss of liberty without sufficient treatment resources, while committee members questioned whether the bill would simply cycle people through emergency rooms and back onto the street. No vote or final action was taken in the portion provided; the chair said decision-making would occur at the end of the agenda.
MN
Minnesota 2025-2026 Regular Session
Committee on State and Local Government - 04/08/25
State and Local Government
Transcript Highlights:
- And so it’s a matter of volume that’s the reason why the money is going up.
- And so it's a matter of volume<01:19:05.280>
that's <01:19:05.600>the <01:19:05.760> - reason<01:19:05.920>
why <01:19:06.080>the <01:19:06.320>money volume that's - the reason why the money volume that's the reason why the money is<01:19:06.560>
going <01:19: - Uh, there is a $24,000 biennial operating adjustment for the CAP board.
TX
Transcript Highlights:
- It also does not provide any caps.
- Now there's a cap on the time period.
- They did pull out hard caps at the end of the bill, but it's still a caps bill due to the, due to what
- It doesn't cap damages.
- And I know there's a lot of dispute about whether this is a cap, isn't a cap, whatever it is, wherever
TX
Texas 89th 2nd C.S.
Senate Committee on Health and Human Services Apr 8th, 2026
Health & Human Services
Transcript Highlights:
- As I mentioned, Texas caps our admin. They cap our profits. We share back savings to the state.
- The other information that I have to share with you is the cap rate.
- So if that’s not caught, then they’re paid way over their excess cap.
- What’s your… …then they’re paid way over their excess cap.
- What’s your billing cap in Brazos Valley? Oh, we’re well below.
FL
Florida 2026 5th Special Session
Senate in Special Session F Jun 2nd, 2026
Florida Senate Floor Meeting
Transcript Highlights:
- Those making $60,000 or less would have their assessments capped at 4% of their income.
- And $150,000 would have property taxes capped at 6% of their income.
- This bill lowers the assessment cap on non-homestead properties from 10% to 5%.
- This bill lowers the assessment cap on non-homestead properties from 10% to 5%.
- This bill lowers the assessment cap on non-homestead properties from 10% to 5%.
Summary:
The Senate took up Committee Substitute for Senate Joint Resolution 2F, a proposed constitutional amendment to expand homestead property tax relief, lower the assessment cap on non-homestead property from 10% to 5%, and limit county and municipal ad valorem tax revenues to specified uses. Senator Avila presented the measure as a major property tax reform intended to provide relief to homeowners and restrain local government spending, while opponents argued it would shift costs to fees, services, and state appropriations and could harm local budgets, public safety, schools, and other services. Several senators also raised concerns about the ballot language and the lack of a completed fiscal analysis.
The chamber considered and rejected multiple amendments. Senator Sharif’s income-based “circuit breaker” amendment failed, as did Senator Smith’s sunset clause amendment and Senator Berman’s amendment to rewrite the ballot statement for greater accuracy. During questioning, Avila said the revised language was meant to preserve flexibility for local governments and that future legislatures could set implementing procedures and, if necessary, prohibit certain local expenditures by general law. He also confirmed that the proposal would not affect refinancing or portability, and said the measure would not prevent local governments from continuing to fund many services such as libraries, parks, animal control, code enforcement, mosquito control, public housing, county health departments, and elections.
Debate on final passage was extensive. Supporters described the proposal as overdue relief for homeowners and a way to force local governments to prioritize spending, while critics called it a risky tax shift that could reduce local revenue by billions and force cuts or higher fees. Some senators emphasized concerns about public safety funding, mental health and social services, and the accuracy of the ballot summary; others argued the measure would give voters a chance to decide on property tax reform. After debate, the resolution was rolled over for third reading and the Senate continued discussion, but the transcript provided does not include a final vote on the joint resolution.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on State Administration and Regulatory Oversight Jun 21st, 2026 at 01:00 pm
Joint Committee on State Administration and Regulatory Oversight
Transcript Highlights:
- H. 3436 and S. 2165 would increase the cap for all municipal purchases that fall under Chapter 30B.
- The previous increase to the cap was in 2016, and that created an increase from $25,000 to $50,000.
- The previous increase to the cap was in 2016, and that created an increase from $25,000 to $50,000.
- An increased cap for all municipal purchases would help streamline the process, reduce inefficiencies
- An increased cap for all municipal purchases would help streamline the process, reduce inefficiencies
Summary:
The Joint Committee on State Administration and Regulatory Oversight heard testimony on several procurement-related bills. Senator Lovely and steel industry witnesses supported S. 2167/H. 3411, which would require preference for U.S. manufacturers on public construction projects using steel and other materials. They argued that Canadian and other foreign fabricators underbid Massachusetts firms because of exchange rates, subsidies, and different labor-cost structures, causing local job losses and economic leakage. Committee members asked about tariffs, market share, and whether the bill should be folded into broader municipal legislation; the witnesses said public work should stay in Massachusetts and that the bill would help preserve local industry and jobs.
The committee also heard strong support for S. 2107, a bill to increase employment opportunities for people with disabilities in state and municipal contracting. Work Inc. testified that a preference for contractors employing people with disabilities would expand competitive employment, reduce reliance on public assistance, and generate net savings for taxpayers. Members asked about the estimated savings and whether recent federal changes to benefits would affect the numbers; the witness said the figures may need updating but that the underlying employment opportunity remains important. Another bill, H. 3339/S. 2187, would prohibit state and municipal contracts for new artificial turf fields containing zinc, plastic, or intentionally added PFAS. Sponsors and supporters cited health risks, heat retention, injuries, and PFAS contamination, while committee members discussed local bans, disposal problems, and whether indoor facilities or alternative materials could be used.
Inspector General Jeffrey Shapiro testified in favor of H. 12 and H. 13, which would update Chapter 30B procurement thresholds and allow municipalities to bundle snow hauling and removal with plowing contracts. He said the changes would give local governments more flexibility, reduce confusion between school and municipal procurement rules, and make snow contracts more attractive to vendors. Members questioned whether quasi-public agencies and state entities should also be subject to 30B, and Shapiro said many public entities have their own procedures but that transparency and fairness should apply across the board. The committee also heard support for S. 2150, a software licensing bill aimed at preventing vendor lock-in by ensuring state agencies can run purchased software in the infrastructure that best fits their needs; the witness said restrictive licensing can drive up costs and create cybersecurity and modernization problems, and that similar laws have already passed in several other states.
ND
North Dakota 2026 1st Special Session
Budget Section Regulatory Division Jun 24th, 2026 at 01:00 pm
Transcript Highlights:
- So we did cap it off.
- It is the first time in the bank's history that we have capped off a disaster program due to size.
- And so that was also, in terms of the Industrial Commission members and decision-making around capping
- Chairman and Don, going back to the $500 million cap, that was put in place based on the reserves that
- But as much to put a cap on it, as would, here's my cash, this is our lines of credit.
Summary:
The committee received a compliance and status update on Industrial Commission programs and the Bank of North Dakota. Staff reviewed appropriations and spending for several Industrial Commission funds and grant programs, including lignite research, oil and gas research, clean sustainable energy, grid resiliency, salt cavern analysis, and the new NDSU research and technology park grant. Members discussed the timing of reimbursements, uncommitted balances, and the structure of the pipeline capacity and enhanced oil recovery funding. The Industrial Commission also reported on its administrative budget, grant management system project, and recent leadership transitions across several agencies.
Karen Tyler of the Industrial Commission described active grant rounds and the status of major projects. She said the Clean Sustainable Energy Authority approved three projects in its sixth round, with remaining uncommitted cash and loan capacity still available, though no new funding was appropriated this session. She also said the Oil and Gas Research Council approved six enhanced oil recovery projects and expects additional funding after a federal Department of Energy award replaces one project’s state funding. For grid resiliency grants, she said some projects have been funded, some commitments were returned or reallocated, and some DOE funds remain pending. She also updated the committee on the salt cavern business case study, which replaced an earlier larger development proposal, and on the NDSU research park grant, where the nonmatching portion was paid and the matching portion has moved slowly because the match must be in cash.
Ron Ness then gave an extended presentation on enhanced oil recovery and North Dakota oil and gas trends. He said production remains steady, but future growth depends on infrastructure, especially gas takeaway and projects like the Bakken East pipeline. He argued that enhanced oil recovery using CO2, natural gas, surfactants, and other methods could extend Bakken production for decades, but that the state needs more CO2 supply, better storage, and updated tax and regulatory incentives. Members asked about lateral lengths, CO2 availability, pipeline impacts, and the role of the Strategic Petroleum Reserve, and Ness emphasized that the projects are intended to share technical learning across operators and attract follow-on investment.
The Bank of North Dakota then presented its compliance report and strategic update. President Don Morgan said the bank’s mission remains to support North Dakota agriculture, commerce, and industry while cooperating with the state’s financial sector. He reviewed the bank’s main business lines: participation lending with community institutions, student loans, disaster lending, mission-based programs, and a new fintech-focused effort. Morgan said deposits are flattening, so the bank is managing balance sheet growth carefully, while still reporting improved net income and strong efficiency. He also introduced Rough Rider Coin as a bank-to-bank payment rail, not a public cryptocurrency, intended to speed and modernize payments within North Dakota’s banking and credit union system. Committee members asked about student loan eligibility, disaster program use, and how credit lines and liquidity would be affected if deposits shrink.
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Jan 27th, 2026 at 04:11 pm
House Appropriations & Finance
Transcript Highlights:
- I had mentioned the deficits in the scholarship programs and the tuition caps.
- The LFC recommendation caps tuition at the level charged in fall of 2025 and says that the lottery and
- They've got the strict caps. They've got no punitive damages.
- The reason for the cap is because right now we think in FY 27 there's going to be about a $10 million
- If you're looking for that breakout, it's on volume 3, page 111.
Keywords:
high-quality literacy instruction, science of reading, structured literacy, reading instruction, literacy assessment, dyslexia screening, phonics, phonemic awareness, fluency, vocabulary, comprehension, biliteracy, English language learner, ELL, bilingual education, dual language program, reading intervention, reading difficulty, reading improvement plan, literacy coach
ND
North Dakota 2026 1st Special Session
Tax Reform and Relief Advisory Property Tax Div. Jun 24th, 2026 at 09:00 am
Transcript Highlights:
- The cap calculations last year— The cap calculations, last year was the first year, as you know.
- And the 3% cap specifically, how that's determined?
- Because the 3% cap on a county right now, do we need to have the caps in place? So go ahead, Mr.
- We have a cap.
- I mean, the cap is going to do that.
Summary:
The subcommittee of the Tax Reform and Relief Committee met with a quorum to begin its study of whether the content of North Dakota real estate tax statements should be revised to improve transparency. Legislative Council staff reviewed the background for the study, including House Bill 1176, current statutory requirements for tax statements, and recent changes such as separate line items for bonded debt, primary residence credit, and legacy fund-related amounts. The Tax Department then explained the current statement format and noted that the form is prescribed and approved by the tax commissioner, with changes typically driven by statute and implemented collaboratively with counties and vendors.
County officials from the North Dakota Association of Counties described the full annual process for preparing budgets, setting levies, calculating taxable values, and issuing notices and tax statements. They said counties spend significant time coordinating with taxing districts, neighboring counties, and software vendors, and that the new budget hearing notices and valuation notices have not generated much public response. Members raised concerns about the usefulness and clarity of certain line items, especially the legislative tax relief calculation and the primary residence credit, and discussed whether the current statement creates confusion rather than transparency. Testimony also addressed the 3% cap, mill levy worksheets, assessment cycles, and the role of county auditors and tax directors in maintaining accurate values.
The committee also heard from software vendors CPT and Tyler Technologies about how legislative changes are programmed into tax systems and how online taxpayer portals can provide more detailed breakdowns of tax bills. Vendors said changes required by law are generally absorbed in contracts rather than billed directly to counties, and they demonstrated web tools and pie-chart style breakdowns that show where tax dollars go. NDACO presented a survey of eight counties estimating tax statement preparation and mailing costs, concluding that outsourced printing tends to be cheaper on average and that total statewide tax statement costs may be roughly $600,000, though the estimate was based on limited data. No votes were taken; the meeting was informational and focused on gathering testimony and identifying issues for possible future recommendations or bill drafts.
ND
North Dakota 2026 1st Special Session
Budget Section Regulatory Division Mar 18th, 2026 at 01:00 pm
Transcript Highlights:
- There is a bit of a shift from smaller, small-cap E&P companies or private-equity-backed companies to
- This is the pricing and volume forecast.
- operating arms can't run their economics typically; I've never been allowed to run economics on hedged volumes
Summary:
The committee met as the Regulatory Division of the budget section and received updates on several Industrial Commission-related agencies and programs. Legislative Council first reviewed base budget materials, then the North Dakota Housing Finance Agency reported on its current appropriation and staffing, noting that its new FTEs were being filled gradually and that it remained largely funded through special and federal funds. Agency leaders described homeownership lending, loan servicing, and housing incentive fund activity, including below-market mortgage rates, down payment assistance, and a growing servicing portfolio that has increased workload but not yet required additional FTEs.
Housing Finance also detailed use of the Housing Incentive Fund and homeless grant dollars. Officials said the multifamily HIF round drew more than $73 million in requests and awarded $25 million, while the single-family program supported rural development and community land trusts. Homeless grant funding was split between emergency shelter, prevention, and rapid rehousing, with performance-based scoring used to renew or reallocate awards. Members discussed housing affordability, aging households, rental assistance, and the need to coordinate housing and site-preparation messaging with Commerce. The agency asked that HIF, single-family, and homeless funding be maintained or increased in the next session.
The Department of Mineral Resources then presented its budget and operations update. Staff said the agency was on track financially, had filled most of its new reclamation FTEs, and was not expecting major litigation costs beyond normal late-biennium invoices. The director reviewed agency initiatives including Project North Star IT modernization, organizational restructuring, succession planning, rulemaking, and implementation of the development incentive well tax program and critical minerals rules. He also discussed oil and gas activity, explaining that longer laterals, especially three- and four-mile wells and the first five-mile spacing case, are helping keep production relatively flat even as rig counts ease. Members asked about gas capture, hedging, break-even prices, and the effects of Iran and Venezuela on oil markets.
The committee also heard about enhanced oil recovery grants and the Pipeline Authority. The EOR program’s $25 million appropriation was fully allocated to six projects, with total awards reaching about $45.1 million when other fund balances were included, subject to a possible 5% reduction if federal DOE money does not materialize. Officials said the projects are public, reimbursement-based, and will produce results over the next several years. Finally, the Pipeline Authority outlined natural gas transmission projects, including the imminent Bakken Express line and the proposed Bakken East project, which WBI was selected to advance after an Industrial Commission RFI process. The project is moving through open season, survey permission, and regulatory work, with in-service dates projected for 2029 and 2030.
ND
North Dakota 2025-2026 Regular Session
Budget Section Regulatory Division Mar 18th, 2026
Transcript Highlights:
- There is a bit of a shift from smaller, small cap E&P companies or private equity-backed companies to
- This is the pricing and volume forecast.
- I've never been allowed to run economics on hedged volumes because I would just, you know, if I was in
Summary:
The committee met as the Regulatory Division budget section and first reviewed the North Dakota Housing Finance Agency’s budget and program update. Legislative Council outlined the agency’s base budget and historical funding, and Housing Finance staff reported on homeownership lending, housing incentive fund (HIF) awards, and homeless grant spending. Agency officials said the five new FTEs approved last session are mostly filled, with one homeless program manager still open. They described strong demand for HIF, noting that September 2025 multifamily requests exceeded $73 million while only $25 million was available, and that single-family and homeless programs are also heavily subscribed. Members discussed the agency’s local loan servicing workload, interest-rate benefits, down payment assistance, and the need to coordinate housing discussions with Commerce and site-preparation efforts. The agency asked that HIF, single-family, and homeless funding be maintained or increased, and committee members emphasized accountability and statewide access for homeless prevention and rapid rehousing funds.
The Department of Mineral Resources then presented its budget and agency initiatives. Staff reported that the department is on track financially, that most of the five new reclamation-related FTEs are hired, and that litigation costs tied to oil and gas matters are expected to continue appearing late in the biennium. The director reviewed ongoing modernization and organizational efforts, including the North Star IT project, succession planning, training, and rulemaking for oil and gas and critical minerals. Members asked about longer laterals, spacing, and production trends; the department said operators are increasingly drilling three-, four-, and even an initial five-mile lateral, which is helping keep North Dakota oil production relatively flat even as rig counts ease. The director also discussed oil price volatility tied to Middle East conflict, hedging practices among producers, gas capture remaining around 95%, and the likelihood that current production levels will stay near flat unless prices or geopolitical conditions change significantly.
An update on the enhanced oil recovery grant program followed. The Industrial Commission’s grant administrator said the full $25 million appropriation was allocated in the fall to six projects, and because the oil and gas research fund also had carryover and biennial tax revenue, total awards reached about $45.1 million. The projects are expected to run two to four years, with meaningful results not likely until mid-2026 or later. Members questioned whether the public would have access to the research findings and how accountability would be maintained; staff said the grants are reimbursement-based, require regular status reports, and will culminate in public final reports. The committee also heard from the North Dakota Pipeline Authority, which updated members on natural gas transmission projects, especially WBI Energy’s proposed Bakken East pipeline. The authority said the project has advanced through a nonbinding and then binding open season, with WBI now securing survey permissions and moving through regulatory and landowner processes, while other related gas transmission projects near Minot and Epping are also in development.
CA
California 2025-2026 Regular Session
Assembly Select Committee on Regulatory Authority Nov 6th, 2025
Transcript Highlights:
- have seven recommendations for the Legislature to consider as a part of this work: to set a binding cap
- One, we want to ensure adequate clean water for the people of California in an adequate volume of that
- One, we want to ensure adequate clean water for the people of California in an adequate volume of that
Summary:
The Assembly Select Committee on Regulatory Authority held its first hearing to examine how California’s regulatory framework affects housing production, affordability, and timelines. Chair Pacheco and Assemblymember Haney framed the discussion around the state’s housing shortage and the need to reduce costs while maintaining environmental, safety, and community protections. The first panel featured housing experts and industry representatives who argued that state regulations, code complexity, utility constraints, and agency review processes add substantial cost and delay to development. Bill Fulton described overlapping state and local land-use authorities and the tension among housing, coastal protection, climate, and wildfire goals. CBIA’s Chris Ochoa and California Apartment Association representative Bob Raymer said building codes, energy mandates, and agency processes have materially increased per-home costs, and they urged more centralized affordability analysis and greater scrutiny of regulatory impacts. The Bay Area Council’s Louis Marante called for a statewide cost target for housing and stronger timelines and accountability for state agency reviews.
The second panel brought in state agencies to explain their roles. HCD said its housing element enforcement, streamlining laws, and technical assistance have helped increase production, shorten entitlement timelines, and improve compliance by local governments. CARB said SB 375 is a planning law that does not directly regulate land use, and argued that regional housing assumptions in sustainable communities strategies are not being fully implemented on the ground. The Coastal Commission said it works with local governments to balance coastal protection, sea-level-rise risk, and housing, and noted recent guidance and pilot efforts to streamline housing approvals in the coastal zone. The Energy Commission said its building energy standards are designed to be cost-effective and save consumers money over time, though they can add some design and documentation complexity. Fish and Wildlife and DTSC both emphasized early engagement and collaboration to reduce delays while protecting natural resources and public health; DTSC said it is refining vapor intrusion guidance and using brownfield grants to support redevelopment.
The State Water Resources Control Board said it uses general orders and basin planning to provide predictable permitting while balancing water quality, water rights, and housing needs, and noted billions in grants and loans for water infrastructure and site remediation that can support housing affordability. In response to questions from Assemblymember Haney, several agencies described ongoing coordination across departments, including regular meetings among HCD, CARB, the Coastal Commission, and transportation agencies, as well as broader interagency efforts to reduce redundancies and identify pinch points in project delivery. No formal votes or legislative actions were taken during the hearing; the main outcome was informational testimony and discussion of possible future reforms to improve coordination, predictability, and affordability in state regulatory processes.
CA