Transcript Highlights:

• This legislation allows districts to finance the public infrastructure already required to be constructed
• With CFD, sort of the way this works is CFDs can't finance those; these districts can finance those.
• Thank you. ...financing mechanisms?
• So we clarified in this amendment that all of the construction contracts for the infrastructure financed
• So I've been told that a great benefit of this is that bond financing rates are municipal bond financing

Bills: HB2091, HB2140, HB2320, HB2384, HB2398, HB2502, HB2780, HB2918, HB2939, HB2950, HB2999, HB4020, HB4026, HB4029

Keywords: insurance, financial surveillance, regulations, assessments, Arizona Revised Statutes, investment, state treasurer, gold bullion, treasury management, financial regulations, school districts, bonds, financial advisors, elections, municipal advisors, cost of borrowing, lease agreements, school property, tax exemptions, impact aid revenue bonds

Summary: The Senate Finance Committee approved the minutes from March 16, 2026, then heard testimony on a series of bills, with the chair noting that testimony and votes would be handled in batches because members were coming and going. HB 2939 would raise the rural qualified facilities tax credit from $20,000 to $25,000 per job for certain projects with initial investment under $2 billion. Lucid Motors supported the change as a tool to attract manufacturing jobs to rural Arizona, while opponents questioned whether the higher credit would actually create new jobs and pointed to a fiscal note that could reach $48 million. The committee later passed the bill 5-2. HB 2950 would authorize municipalities and counties to form tourism improvement areas funded by lodging business assessments for marketing and tourism promotion. The Arizona Lodging and Tourism Association and Visit Phoenix supported the measure, describing TIAs as voluntary, locally controlled tools already used in other states and useful for rural destinations; senators pressed on whether the assessments were truly voluntary and how the districts would be formed and administered. The bill passed 5-2. HB 2780, a technical cleanup bill related to property tax lien foreclosure and excess proceeds sales, was described as conforming changes to a prior law creating a mechanism for delinquent taxpayers to recover equity; it passed 6-1. HB 2502 would allow certain ASRS members who are elected officials to retire at normal retirement age without resigning their elected office, with the employer paying the alternate contribution rate. ASRS said it was neutral, and the sponsor and a lobbyist argued the bill would create parity with non-elected members who can retire and return to work; the committee passed it 5-2. HB 2140, as amended by a striker, would let the state treasurer invest up to 10% of trust and treasury monies in physical gold or silver bullion held in secure U.S. depositories. The sponsor and Sound Money Defense League supported it as a diversification and inflation hedge, while opponents argued gold is volatile, costly to store, and not a better use of taxpayer funds; the committee adopted the striker and passed the bill 4-2. HB 2398 would require commercial liability insurance for watercraft rented or hired in Arizona, including peer-to-peer boat-sharing programs, while not affecting ordinary personal boat ownership. The sponsor, insurers, and rental operators said the bill responds to uninsured boats being rented through apps and to safety and liability problems; some members said training should also be addressed. The committee adopted an amendment and passed the bill 6-1. Finally, HB 2999 would create state affordable infrastructure districts to finance public infrastructure for housing through bonds, taxes, and assessments, with unanimous landowner consent and disclosure requirements. Home builders and contractors said the districts could lower upfront housing costs and improve financing, but contractors sought stronger payment protections and some senators worried the bill could add red tape and costs without guaranteeing savings to homebuyers. After adopting a large amendment, the committee passed HB 2999, though at least one member voted no and another passed on the vote.

Transcript Highlights:

• And that's to finance $18 million construction of a new indoor athletic facility. for up to 1.6 million
• And that's to finance $18 million construction of a new indoor athletic facility.
• It authorizes a local sales tax up to a half percent to finance $50 million for construction of a new
• It authorizes a local sales tax up to a half percent to finance $50 million for construction of a new
• It authorizes a local sales tax up to a half percent to finance $50 million for construction of a new

Keywords: 1187, senate, all

Transcript Highlights:

• increment financing. increment financing.
• financing financing um, um, um, maybe<00:04:56.280> I<00:04:56.480> I<00:04:56.600>
• for uh construction of Trunk Highway 71. for uh construction of Trunk Highway 71.
• That would be to impose a sales tax up to 1/2 of 1 cent, and that's to finance $18 million for construction
• It authorizes a local sales tax up to a half percent to finance $50 million for construction of a new

Keywords: 1187, senate, all

Transcript Highlights:

• Housing finance system.
• But the modern bottleneck we see with the finance, finance rates, interest rates, and everything in the
• You have a housing finance agency, which finances.
• Most developers themselves do not fully finance—very few fully finance the projects themselves.
• layers of financing.

Summary: The Assembly Select Committee on Housing Finance and Affordability held its first hearing of 2025 to examine California’s housing finance system, with opening remarks emphasizing the state’s severe housing shortage, high costs, and the need for practical recommendations to the Legislature and Governor. Co-chairs described the committee as an educational and problem-solving forum focused on financing housing production, first-time homeownership, mixed-income developments, and affordability across the income spectrum. Witnesses from state agencies and the development sector were invited to explain how housing is financed and where the system is breaking down. Panelists from the California Housing Partnership, the Business, Consumer Services and Housing Agency, the Tax Credit Allocation Committee/State Treasurer’s Office, CalHFA, and Related outlined the “capital stack” used to finance affordable housing, stressing that projects typically rely on multiple public and private sources, including federal and state low-income housing tax credits, tax-exempt bonds, state subsidies, local funds, and rental income. Speakers noted that affordable housing rents generally cannot support full project costs without public subsidy, and that recent federal changes—especially the expansion of the 4% and 9% tax credit programs and the reduction of the bond financing threshold for 4% credits—should allow California to finance substantially more units. CalHFA also described its homeownership programs, including My Home, Dream For All, and disaster-related mortgage assistance, as well as its multifamily lending and bond issuance programs. Several witnesses and committee members emphasized that the system remains too complex, too slow, and underfunded. They pointed to the need for more state funding, a housing bond, a permanent funding source, and better coordination among agencies, while also citing recent streamlining efforts such as AB 434’s SuperNOFA, AB 519’s one-stop-shop working group, and the planned California Housing and Homeless Agency reorganization. Members raised concerns about equity, access, missing-middle housing, gender and racial disparities, and whether current programs adequately serve extremely low-income households and those at risk of homelessness. No formal votes or actions were taken during the hearing; the discussion ended with committee members and witnesses agreeing that both funding and administrative reform are needed to increase production and improve affordability.

Transcript Highlights:

• They stepped up and provided $19.9 million in construction financing.
• They stepped up and provided $19.9 million in construction financing.
• They stepped up and provided $19.9 million in construction financing.
• They stepped up and provided $19.9 million in construction financing.
• in order to finance primarily the construction construction construction in<01:30:52.800> that

Keywords: 910, house, all

Summary: The Act 279 working group met for an informational briefing with DHHL on its use of the $600 million appropriation and progress on the department’s implementation plan. The chair reviewed the working group’s oversight role, noting that it was created to monitor expenditures, project development, and progress toward reducing the Hawaiian Homes waitlist, and that the group must submit a progress report before the 2026 session and a final report before the 2027 session. DHHL said it had provided an updated booklet reflecting the Hawaiian Homes Commission’s February 2024 recommendations and a detailed accounting of encumbrances and project progress across the islands. DHHL highlighted several implementation themes: innovative financing and construction methods, land acquisitions and exchanges, technology, beneficiary services, and partnerships with counties and private entities. The department described a “project lease” model that gives beneficiaries access to a project rather than a specific lot, with options such as turnkey homes, owner-builder, self-help, or rent-to-purchase arrangements depending on financial qualification. Officials said this approach is intended to serve lower-income beneficiaries, expand access for people on the waitlist, and allow beneficiaries to receive support services such as financial literacy and down payment assistance. The department reported that roughly $511 million had been encumbered for infrastructure, about $152.8 million for acquisitions, financing, and beneficiary services, and about $36 million in other covered costs, with about $588.9 million encumbered as of December 31 and about $120 million expected to be spent by that date. Officials said the original implementation plan covered about 2,722 units, while the updated plan projects roughly 6,000 to 7,000 leases and 2,472 lots to be occupied. They also described phase-two needs for additional funding, including projects on Hawaiʻi, Maui, Kauaʻi, and Oʻahu, and said they would need continued legislative support, including possible bonding and private activity bond set-asides, to complete remaining projects. Members discussed the distinction between encumbered and spent funds, and DHHL explained that encumbrances reserve money for specific contracts while construction spending occurs over time through progress payments. The department also showcased examples of innovative projects, including a high-rise project in urban Honolulu financed through a mix of private activity bonds, tax credits, and state funds, and an acquisition-based project in Kapaʻa, Kauaʻi using multiple funding sources. DHHL emphasized partnerships with the City and County of Honolulu and Maui County, and said it is still assessing future projects to keep infrastructure costs manageable and ensure homes are safe and affordable for beneficiaries.

Transcript Highlights:

• . financing. financing.
• . financing. financing.
• Uh, bad financing, or bad credit report, they can't get financing.
• construction education. construction education.
• These delays can derail financing, inflate construction cost, and ultimately make housing more And ultimately

Keywords: Meeting Start 00:00:07 Roll Call 00:00:25 Discussion of Lexington’s Housing Affordability Partnership 00:02:26 Discussion of Northern Kentucky’s Housing Blueprint 00:30:12 Discussion of Religious Institution Land Use 00:57:33 Discussion of Free-Market Solutions to Kentucky’s Housing Crisis 01:04:18 Adjournment 01:26:37, 958, all

Summary: The committee met without a quorum and began informally, with members noting this was the final information-gathering meeting on housing before a November meeting to discuss findings and report back to the LRC. The main presentation focused on the Lexington Affordable Housing Partnership, a public-private effort supported by a $10 million state allocation. Presenters described Fayette County’s housing shortage, citing a gap of more than 22,000 units, rising home prices, and the challenge of assembling land and capital for affordable projects. The partnership explained that five local banks created a $3 million capital investment fund to buy and hold land at no interest, with deed restrictions keeping the site at 80% or below area median income and allowing the banks to seek Community Reinvestment Act credit. The first project is a 12.5-acre former Transylvania University baseball field, planned for about 242 units, including detached homes, townhouses, garden-style apartments, and senior housing. Speakers said the project required extensive neighborhood engagement and zoning/development approvals, but that the planning phase is now largely complete and infrastructure work should begin soon. Financing details included roughly $64 million in additional funding through tax credit equity, market-rate loans, city support, Kentucky Housing Corporation resources, and donations from nonprofit partners. Developers said the multifamily bond applications are due to Kentucky Housing Corporation the next day, and they expect the land purchase to be repaid into the revolving fund once the property is entitled and closed, allowing the original $3 million to be redeployed for future projects. They estimated rental units could be filled within about six months of completion, while for-sale units would come online over 12 to 36 months. In discussion, members asked about regulatory barriers and project timelines. Presenters pointed to rising construction costs tied to new federal and state requirements, and one member highlighted the need to continue reviewing planning and zoning reforms to speed development plan approvals and reduce delays. The group also endorsed a possible statewide $20 million housing fund, a residential infrastructure fund, and efforts to avoid additional regulatory burdens on housing development.

Transcript Highlights:

• Be referred to the Committee on Finance.
• Four in favor of moving the bill to Finance.
• with construction?
• It doesn't talk about the presence of any construction workers.
• It doesn't talk about presence of any construction workers.

Keywords: 994, senate, all

Summary: The Senate Infrastructure Committee took up several bills involving the West Virginia Parkways Authority and work-zone safety. On House Bill 4563, which would allow E-ZPass single-fee transponders to be used with multiple vehicles, members debated amendments that would have limited or codified restrictions on transferring transponders between vehicles. Testimony from Parkways Authority CFO Samuel indicated the current agreement already ties a transponder to one vehicle but allows users to update vehicle information online, and that the authority is considering a sticker-based system in the future. Delegate Daniel Linville also testified in support of the bill’s broader intent, arguing the revenue risk was limited and that the authority’s existing practices and bond obligations would not be harmed. The committee rejected the Wetzel amendment and then voted to report House Bill 4563 to the full Senate. The committee then considered House Bill 4419, which would require public hearings and notice before the Parkways Authority could raise tolls, rents, fees, or charges, and would subject related revenues and sinking funds to audit. Counsel noted possible constitutional and fiscal concerns, and Senator Randolph moved to send the bill to the Finance Committee for further review. That motion passed, and the committee then reported the bill to the Senate with a recommendation that it do pass, but first be referred to Finance. Finally, the committee heard House Bill 4538, which increases fines and penalties for speeding and other violations in highway construction work zones and adds penalties tied to distracted driving provisions. Jason Pizzatella of the Contractors Association testified in support, saying the bill was a safety measure in response to recent work-zone fatalities. Senators from Fayette, the 13th district, and Randolph also spoke in favor, emphasizing worker safety and the dangers of speeding through active construction areas. The committee reported the bill to the full Senate with a recommendation that it do pass, and the meeting adjourned.

Transcript Highlights:

• . construction. construction.
• sites were constructed uh in 1978. sites were constructed uh in 1978.
• And some of those things were property acquisition and site construction, and the Finance Cabinet, Real
• construction? construction?
• finance? finance?

Keywords: Call to Order and Roll Call- 00:00:23 Approve Minutes from January 15, 2026- 00:01:03 Kentucky State Police Update on SERVS- 00:01:47 Adjournment- 00:54:18, 958, all

Summary: The committee received an update from Kentucky State Police on the SERVE radio system project, with David Barker and consultant Brandon Marshall explaining progress across multiple phases. They reported that Mayfield PD fire/EMS and Graves County Sheriff are fully operational on the system, Phase 2 is 77% complete with 48 existing sites finished and 13 new sites pending acquisition, and Phase 3A remains funded but not yet complete. They also said router upgrades are complete, radio dispatch positions and mobile/portable rollout are complete, and microwave replacement is nearly finished, with one remaining site delayed by weather. A major part of the discussion focused on why the project has taken so long and why equipment is being purchased before some sites are built. KSP said the project began as a radio system upgrade but expanded as they discovered additional infrastructure needs, including routers and microwave links that were not in the original scope. They explained that equipment must be purchased in advance to match versions and preserve warranty coverage, and that older existing tower sites are being refurbished rather than replaced to make use of existing public-safety infrastructure. They also said all expenditures are tracked in inventory and accounting records and that the project remains transparent. Members pressed for a master plan and timeline, with Representative Smith arguing the project needs clearer structure and fewer layers of decision-making. KSP acknowledged the need for a timeline, said they had plans but not a full timeline earlier, and stated that if the remaining funding is approved they expect to complete the remaining existing sites and 25 new sites by June 30, 2027. They said 56 new-build sites remain, identified as the yellow-dot sites on the maps, and that some sites may be able to use existing Demar/National Guard tower locations. The committee did not take a vote on the project during this portion of the meeting.

Transcript Highlights:

• This is again a bill that we reported to Finance in each of the last two years.
• So we're talking about the state energy and conservation construction code.
• ...and conservation construction code?
• We'd be looking for a motion to report to the Finance Committee.
• We'd be looking for a motion to report to the Finance Committee.

Keywords: 993, senate, all

Summary: The Senate Housing, Construction and Community Development Committee met with quorum present and considered a full agenda of housing, code enforcement, and rent regulation bills, many of which had passed the Senate in prior years. Early measures included a statewide residential rental registry (S.912), penalties and reporting for vacant and abandoned properties (S.925), and extending tenant response time for major capital improvement rent increase applications (S.1461). The committee also advanced several code-enforcement and fire/building-code bills, including measures to expand remedies for Uniform Fire Prevention and Building Code violations (S.3406), increase the Secretary of State’s code enforcement powers (S.4165 and S.4534), and authorize investigations into code administration and enforcement (S.4535). Members raised concerns about local fiscal impacts, the scope of state authority, contractor use, and whether the bills adequately define or limit “imminent threat” and related enforcement powers. A substantial portion of the meeting focused on S.4852, which would require the Codes Council to review and act on updates to international model codes within 18 months. Senators debated whether the bill would speed up code adoption or, as some feared, weaken economic reasonableness considerations by striking the word “economically” from the statutory standard. Supporters said the bill was intended to ensure prompt review of widely used model codes and noted other statutory safeguards remain in place; opponents worried about reduced attention to cost and practical impacts, especially amid housing and utility capacity constraints. The committee also discussed S.6368A, requiring complainants to receive copies of compliance orders issued after code complaints, and S.6600B, mandating inspections of certain non-fireproof buildings in New York City. Additional bills advanced included standards for all-gender bathroom design and construction (S.7131A), compensation for required code-enforcement personnel training (S.7159), and audits of individual apartment improvements in rent-regulated units (S.8046A). Several measures were reported to Finance, while others were reported to the floor. Throughout the meeting, votes were largely along expected lines, with some members voting negative or “without recommendation” on the more expansive code-enforcement bills. No bill was defeated, and all items on the agenda were reported out of committee.

Transcript Highlights:

• <00:19:24.720> or activity toward constructing or activity toward constructing or financing
• a<00:19:26.880> couple financing the construction of a couple financing the construction of
• for construction. for construction.
• and financing costs.
• and financing costs.

Keywords: 1187, senate, all

Transcript Highlights:

• So for new construction, the vast majority of our dollars are going to new construction.
• For the governance and financing study, it examines the longer-term governance and financing models for
• Now we'll transition to the governance and finance study that evaluates long-term governance and financing
• Next, incentive mismatch in financing.
• Next, incentive mismatch in financing.

Keywords: 908, all

Transcript Highlights:

• I move that this bill be referred to the Committee on Finance.
• Four in favor of moving the bill to Finance.
• Ask for a second reference to the Committee on Finance.
• with construction?
• It doesn't talk about presence of any construction workers.

Keywords: 994, senate, all

Summary: The Senate Infrastructure Committee first returned to engrossed House Bill 4419, which would require the West Virginia Parkways Authority to hold public hearings and give notice before increasing tolls, rents, fees, or charges, and would allow legislative auditing of related revenues and sinking funds. The committee debated two amendments related to E-ZPass transponders: one from the Senator from Jefferson to clarify that the Parkway Authority would not be required to read every plate failed on a 4-4 tie, and one from the Senator from Wetzel to codify a restriction on transferring single-fee transponders between vehicles was rejected after discussion with counsel and the Parkways Authority about current policy, convenience for users, and possible effects on the bill. The committee then approved a motion to send HB 4419 to the full Senate with a recommendation that it do pass, but first be referred to Finance, and a separate motion to send it to Finance passed. The committee also considered engrossed House Bill 4563, on which Senator Randolph moved for a second reference to Finance because of fiscal concerns. After discussion of the newly filed fiscal note and the bill’s potential revenue impact, that motion failed by a 4-5 division vote. The committee then voted to report HB 4563 to the full Senate with a recommendation that it do pass. Finally, the committee took up House Bill 4538, which increases fines and penalties for failing to obey traffic control instructions or speeding in construction and work zones, and also references penalties tied to distracted driving provisions. Counsel noted the bill’s possible overlap with existing vehicular homicide penalties and that it had no fiscal note. Jason Pizzitella of the Contractors Association testified in support, emphasizing work-zone safety and recent fatalities, while senators from Fayette, Randolph, and Jefferson also supported the bill and discussed the need to protect workers and drivers. The committee adopted a motion to report HB 4538 to the full Senate with a recommendation that it do pass, and then adjourned.

Transcript Highlights:

• finance cabinet. finance cabinet.
• <00:25:09.840> construction awarded with construction construction awarded with construction
• . construction. construction.
• Of the construction is underway.
• We need money for construction."

Keywords: 00:02 Call to Order and Roll Call 01:44 Approval of Minutes 01:56 Tourism, Arts and Heritage Cabinet 54:59 Adjournment, 958, all

Summary: The House Budget Review Subcommittee on Economic Development, Public Protection, Tourism, and Energy received an update from Kentucky State Parks and the Finance Cabinet on the status of major capital projects funded through recent legislative appropriations. Commissioner Mark Keelin, Deputy Commissioner Chris Perry, and Finance Cabinet/DECA representatives described progress on campground upgrades, utility and broadband improvements, building systems repairs, life-safety work, accommodations and hospitality renovations, pool and beach projects, playgrounds, golf course improvements, marina work, and wastewater upgrades across the state park system. They emphasized that Kentucky has 44 state parks and that the funding has supported completed work and projects still under construction or in design. The presentation highlighted funding tied to House Joint Resolution 76, House Joint Resolution 56, and House Bill 6. Parks reported roughly $72 million invested to date, with 66 projects completed and 17 under construction, including campground renovations at sites such as My Old Kentucky Home, Kin Lake, Carter Caves, Cumberland Falls, and others; broadband projects at several campgrounds; electrical grid resilience work at parks including Kentucky Dam Village and Kin Lake; and completed life-safety upgrades such as lock systems. Officials also noted pool and beach work, ADA improvements, lodge and guest room renovations, marina replacements, and wastewater plant upgrades. DECA said it currently manages 1,335 active capital projects statewide, including 149 for Parks, and credited additional project management capacity and regular coordination meetings for accelerating delivery. Committee members asked for a copy of the presentation and pressed the department for more detailed accounting of House Joint Resolution 56, including how much money remains, which projects are complete, and whether current appropriations are sufficient to finish the listed work. The department also requested a larger maintenance pool appropriation of $40 million for the next budget, arguing that routine and emergency maintenance needs across 44 parks exceed current resources and that preventative maintenance would reduce long-term costs. No votes were taken during the meeting.

Transcript Highlights:

• So for new construction, the vast majority of our dollars are going to new construction.
• For the governance and financing study, it examines the longer-term governance and financing models for
• For the governance and financing study, it examines the longer-term governance and financing models for
• Now we'll transition to the governance and finance study that evaluates long-term governance and financing
• At such time as the improvements are constructed and FEMA can certify that they were constructed meeting

Summary: The Water Topics Overview Committee met with a quorum and received updates from the Department of Water Resources and the State Water Commission, followed by presentations from Deloitte on two legislative studies required by House Bill 1020. Director Reese Haas reviewed major project and budget updates, including the Northwest Area Water Supply and Southwest Pipeline projects, Resources Trust Fund balances, carryover spending, project prioritization, bid conditions, regional water system coverage, and department process improvements. Members also discussed how the commission prioritizes projects, maintenance expectations, and the impact of limited municipal water supply funding. No formal committee action was taken during the DWR update; the commission’s municipal funding decisions were described as pending its April 8 meeting. Deloitte then presented the cost-share policy study, which found that under current policy and forecasted revenues, North Dakota faces an estimated $1.3 billion shortfall over 14 years, with a near-term gap of about $1.8 billion through 2031. The firm outlined seven recommended options, including tighter definitions and a 25% cost share for eligible replacement projects, caps and financing strategies for the Mouse River and Red River Valley projects, aligning cost share with commission priority guidance, delaying lower-priority projects, using available lines of credit, and adjusting reimbursement timing for revolving loan funds. Committee members questioned inflation assumptions, affordability, user fees, and the use of legacy fund earnings for bonding, but no decisions were made. In the governance and finance study, Deloitte said final recommendations are still being refined, with a final report due May 29. The study examined the Southwest Pipeline, NAWS, and Red River Valley systems using governance and finance criteria such as decision authority, transparency, affordability, risk, and access to funding. For Southwest, Deloitte outlined options ranging from improved state-authority coordination to transferring ownership to the Southwest Water Authority; for NAWS, options focused on strengthening the authority’s role and potentially transitioning operations and maintenance; and for Red River, options ranged from enhanced facilitation to formal state oversight or state ownership. Members asked follow-up questions about ownership transfer, capital repayment streams, and why NAWS was not considered for transfer, and Deloitte said NAWS’s limited organizational maturity made that option less viable in the near term.

Transcript Highlights:

• I'm a finance consultant at MRSC. So I'm here today to talk about tax increment financing.
• , construction, and operations.
• In addition to also assuming that traditional construction financing would be a part of the capital stack
• In addition to also assuming that traditional construction financing would be a part of the capital stack
• It would be managed by the Housing Finance Commission and the Co-op mortgage financing.

Summary: The Senate Housing Committee heard presentations on a range of housing finance, permitting, and affordability tools. Chattanooga described its affordable housing PILOT program, which uses a per-unit property tax abatement tied to the rent loss from providing affordable units, with a 15-year term and annual compliance monitoring. Committee members asked about the program’s structure, whether it had been used elsewhere, and who was participating; the presenter said the first mixed-income project would bring 278 units with 42 affordable units and that the model was attracting private market-rate developers. Shoreline then described its MFTE and inclusionary zoning approach, emphasizing that longer tax exemption periods and station-area zoning changes had helped spur development, with most current pipeline projects concentrated near light rail stations. The committee also heard from the Municipal Research Services Center and the Department of Commerce on tax increment financing, proportional impact fees, and permit timelines. Commerce explained that TIF can fund public improvements such as roads, utilities, broadband, and some affordable housing or child care facilities, while proportional impact fee guidance is intended to help jurisdictions charge fees more closely aligned with actual project impacts. On permit timelines, Commerce presented its first annual report under recent law changes, using 2024 as a baseline year and noting that reported timelines were generally longer than statutory goals; members asked about outliers, paper versus electronic processing, and whether back-and-forth between applicants and staff was driving delays. Commerce said it would follow up with more data, including on CHIP funding and permit reform practices. Several local governments then shared permitting process improvements. Auburn reported relatively short review cycles and described its move to fully electronic permitting, internal performance standards, and a stock plan program that speeds review for repeated home designs. Bellevue described an AI permitting pilot with a local startup to help with pre-application questions, document triage, and plan review, aiming to reduce incomplete applications and revision cycles. Seattle presented a pilot for accessory dwelling unit co-development in which a mission-driven partner would help homeowners split lots, finance, build, and manage ADUs, with the homeowner eventually buying out the partner and retaining ownership; committee members asked about rent setting, management fees, and default risk, and staff said they would follow up. The committee also heard brief overviews of community land trusts and limited equity cooperatives as permanent affordability models, with presenters urging continued state and local funding support and policy recognition for these approaches.

Transcript Highlights:

• So on the construction workforce, as we don't have a mature end, On the construction workforce, as we
• And then ultimately, once you have revenue certainty, you can get into construction financing.
• It's the Energy Dominance Financing Office.
• So that's another option in the financing structure.
• In addition to new nuclear construction projects, EDF can also provide financing for supply chain investments

Keywords: 908, all

Transcript Highlights:

• These uncertainties increase the risk of default and delinquency, making construction financing more
• financing for disaster survivors, and to do that by reducing the risk and cost of construction financing
• It's to increase the access to and availability of construction financing for disaster survivors.
• And to do that by reducing the risk and cost of construction financing for those eligible homeowners.
• financing for folks who might not otherwise be able to afford or access construction financing on their

Summary: The committee opened with the State Controller’s Office May Revision requests, including funding for Fiscal book-of-record stabilization, a Broadcom IDMS licensing adjustment, the California State Payroll System, ACFR reporting automation, and $3 million for unclaimed property outreach. Testimony emphasized progress on Fiscal becoming the state’s accounting book of record in July, faster ACFR publication, and the move to electronic unclaimed property claims. Members asked about the size of the unclaimed property fund and how quickly money is transferred to the General Fund; the Controller’s office said about $15 billion is held, with most excess transferred regularly, and the LAO noted the fund is the General Fund’s fourth-largest revenue source. No concerns were raised by Finance or the LAO, and the item was closed after no public comment. The committee then heard the administration’s proposal to tax prewritten digital software and software-as-a-service, with Finance saying it would modernize sales tax treatment and raise an estimated $450 million General Fund and $560 million local revenue in 2026-27. The LAO supported modernizing the tax but suggested broader digital goods coverage and a business-use exemption; industry and taxpayer groups opposed the proposal, warning of higher costs for consumers and businesses. Members also heard CDTFA’s administrative request tied to the proposal, plus a separate CDTFA budget reduction reflecting lower operational needs; that reduction was presented as a savings item and drew positive reactions. Next, the committee considered federal conformity for “Trump accounts,” which would align California tax treatment with federal rules for tax-deferred children’s accounts and avoid tracking burdens for families. The LAO recommended approval, and the item drew no opposition. The committee also heard a proposal to cut the first-year $800 annual business tax to $400 for LLCs, LPs, and LLPs; Finance argued it would lower startup costs and encourage new business formation, while the LAO said the benefit was not well targeted and could subsidize entities that would form anyway. Members discussed the policy tradeoff, and public commenters split between support for small business relief and concern about revenue loss. The final major revenue item was a permanent business tax credit limitation, capping credits at the greater of $5 million per corporation or 50% of pre-credit liability, while excluding the low-income housing tax credit and personal income tax credits. Finance said it would raise significant revenue from large profitable corporations, and the LAO said it was a reasonable option but noted it would mainly affect the R&D credit and could have future implications for programs like California Competes. Public testimony was sharply divided, with business groups opposing the cap and anti-poverty advocates supporting it as a way to recapture revenue. The committee also heard FTB’s CalFile realignment request, which would return most of the direct-file-related resources to the General Fund while retaining a smaller staff to improve CalFile, and the California Arts Council’s request to reauthorize the Keep Arts in Schools voluntary contribution fund, which members and advocates supported despite relatively modest annual donations. The hearing continued with GoBiz proposals on civic media funding, CA RISE reappropriation, and a semiconductor facility reversion, with the LAO supporting the latter two and members raising questions about the civic media program’s scope, outreach, and inclusion of broadcast and ethnic media.

Transcript Highlights:

• increment financing. increment financing.
• Thank you very finance. So, thank you.
• sales tax exemption for construction sales tax exemption for construction materials<00:16:18.800
• One construction company for the water facility and one construction company for the water main work.
• construction projects. construction projects. Um,<00:42:35.119> okay.

Keywords: 1187, senate, all

Transcript Highlights:

• post-secondary education finance post-secondary education finance committee<00:05:19.880> approved
• Bond proceeds will be used to finance the acquisition, construction, and equipping of a multifamily residential
• Next, I have Scott County general obligation bonds with a par amount of $40 million to finance the construction
• <00:25:25.799> res amount of 21 million to finance res amount of 21 million to finance res
• a million to finance the construction of a million to finance the construction of a new<00:25

Keywords: 958, all

Summary: The committee first approved the January minutes and then received several informational reports on school district tax levies, revenue bonds, lease advertisements, and previously rejected lease transactions. Members were told that one rejected lease for the Cabinet for Health and Family Services in Hardin County would be canceled and rebid, while a Perry County lease modification for the Energy and Environment Cabinet would proceed. The Kentucky Communications Network Authority also submitted its quarterly capital projects report, and Eastern Kentucky University reported revisions to asset preservation projects. Janice Thomas, Deputy State Budget Director, presented four capital project action items. These included a Kentucky State University Betty White Building renovation funded by USDA grant money, a Department of Education state schools dormitory and cottage renovation appropriation increase because bids exceeded estimates, a restricted-funds scope increase for the Elizabethtown CTC science building expansion, and a pool project report for the Department of Corrections’ KCIW kitchen drain line repair and replacement. Representative Petrie asked about how often the statutory authority for midstream project increases is used and whether bids are typically competitive; Thomas said the increases are used often when bids come in above estimates and that bids are generally competitive, though construction costs have been difficult to gauge. The committee unanimously approved the first three action items, and the KCIW project was reported with no action required. H. Sandy Williams of the Kentucky Infrastructure Authority then presented six loans and one emergency grant. The items included loans for Frankfort’s East Frankfort Interceptor wet weather facility project, Sturgis wastewater improvements, Scottsville inflow and infiltration work, Morganfield wastewater treatment plant planning and design, Western Pulaski County Water District transmission improvements, and Springfield water system planning and replacement work, plus an emergency Kentucky Waters grant for Eddyville following a sewer treatment plant failure and local emergency declarations. After no questions, the committee unanimously approved the seven KIA transactions. Chelsea Couch then presented a Kentucky Housing Corporation conduit issuance for $38.4 million to finance a multifamily rental project in Jefferson County; members asked how the committee participates and were told it was a conduit issuance rather than state debt. The committee approved that item. Finally, the committee heard an informational Turnpike Authority refunding issuance of about $53 million for present value savings, then approved four SFCC debt issues for Henderson, Pulaski, Scott, and Trimble counties to finance school renovations and construction. The meeting ended with notice of the next meeting date and location.

Transcript Highlights:

• And then for construction, if this line of credit is used to construct a home, the money would be taken
• And then for construction, if this line of credit is used to construct a home, the money would be taken
• And then for construction, if this line of credit is used to construct a home, the money would be taken
• And then for construction, if this line of credit is used to construct a home, the money would be taken
• <00:23:55.440> with budget and finance with budget and finance with comments<00:23:57.520>

Keywords: 910, house, all

Summary: The House Committee on Housing held a public hearing on a series of housing bills. HB 1432 and HB 1428 drew support from HHFDC, and HB 1428 also received testimony from Hawaiian Community Assets, which said housing counseling funding is needed to meet demand for financial education tied to affordable housing, and that such counseling can help reduce evictions, prevent foreclosure, and stabilize households. HB 833 on community land trusts received broad support from HHFDC, county housing officials, community land trust representatives, and a local developer; testimony emphasized keeping housing affordable in perpetuity, but also asked for clearer access to financing, longer repayment terms, and inclusion of additional land trusts in the bill. Peter Savio argued that community land trusts are the best way to control demand and keep housing tied to local incomes. The committee also heard HB 19 on the Dwelling Unit Revolving Fund, which HHFDC said should be made permanent because the pilot has been successful, with 81 units in the program and $7.4 million of the $10 million allocation already committed. HHFDC said the fund helps stalled for-sale projects by providing state equity that revolved back when homes are sold. HB 529 and HB 432 were also heard; HB 432 would create a subaccount in the rental housing revolving fund for projects above 60% AMI, and HHFDC said this would help finance housing for households at 65% and 80% AMI. The bill drew support from several housing, business, and industry groups. Several other housing measures were discussed with mixed testimony. HB 419 had HHFDC support, Limby Hawaiʻi opposition, and support from the Grassroot Institute and others; members asked about whether councils approve these projects in one or multiple readings. HB 527 and HB 416 also drew a mix of support and opposition, with questions focused on county approval timelines and whether state-financed projects would still go through normal local review. HB 417 on the rental housing revolving fund prompted questions about how it differs from the Dwelling Unit Revolving Fund and whether it should be more flexible for mixed rental and for-sale projects. HB 418’s proposed working group was noted as potentially unnecessary because HHFDC said a public working group was already being formed. HB 1411 on housing preference raised questions about what happens if a recipient changes jobs, and HB 374 drew an Attorney General’s Office recommendation to remove a duration requirement to avoid possible constitutional travel issues. HB 373 and HB 1492 were also heard, with strong testimony from Peter Savio in favor of a broader trust-based model for affordable housing. No votes or final actions were taken during the hearing.