Transcript Highlights:

• He's much more capital pools project.
• </c> Museum, also known as Capital Modern. Museum, also known as Capital Modern.
• And uh we have known as Capital Modern.
• So the funding capital pools project.
• And then lastly, update on Capital Pool's project.

Transcript Highlights:

• Third reading of the bill: An act authorizing the Commissioner of Capital Asset Management and Maintenance
• An act authorizing the Commissioner of Capital Asset Management and Maintenance to transfer certain parcels
• The bill also authorizes $120 million in capital spending to facilitate...
• is the next phase of a strategy that is already producing measurable results: companies growing, capital
• If we want to continue bringing in the much-needed capital and businesses to sustain our tax base, we

Transcript Highlights:

• He simply said that if a utility adds assets, it has a right to a fair return on the asset, but it can
• expected lifetime of the asset.
• In effect, the ratepayers are already paying for that asset.
• the total amount of assets.
• the asset amount.

Committee: House House Natural Resources, Energy & Water Committee of Reference

Summary: The committee heard and took action on several water, energy, housing, and natural resources measures. House Bill 2099, as amended, was advanced on a 6-3 vote after testimony from water utilities, CAP, ADWR, Phoenix, and agricultural interests about long-term storage credits, Colorado River shortages, and the need to preserve flexibility in underground storage. House Bill 2263, also amended, passed 6-3 despite concerns from CAP, Colorado River Indian Tribes, and others that it would restrict where Colorado River replenishment water could be stored and reduce operational flexibility. House Bill 2264, requiring the University of Arizona to promote Arizona history and the five Cs through the mining museum effort, passed 9-0. House Bills 2330 and 2341, both relating to power plant and transmission line siting criteria, passed 6-3 after the sponsor argued they would better account for an area’s character and for speculative projects lacking known off-takers. House Bill 2918, ending certain tax breaks for renewable energy and storage equipment after 2026, passed 6-3. House Bill 2889, appropriating $1 million for uranium contamination monitoring and a statewide registry, passed 9-0 after discussion of tribal health impacts and possible amendment to shift implementation to ADEQ. House Concurrent Resolution 2057 supporting geothermal permitting reform passed 9-0, and House Concurrent Resolution 2020 supporting certain housing developments outside designated provider service areas passed 6-2. The committee also heard House Bill 2843 on portable plug-in solar devices, with the sponsor and supporters arguing it would lower bills and expand access for renters and apartment dwellers. Electric co-ops and utilities raised safety, backfeed, inspection, and liability concerns, and the chair held the bill for further work rather than taking a vote. House Bill 2782, dealing with utility rate transparency and regulatory assets, drew testimony from the sponsor and constituents about alleged double-charging in Santan Valley; after a motion to suspend committee rules to consider a late amendment, the amended bill passed 5-3. House Bill 4025, creating a study committee on gasoline and petroleum refineries, passed 6-3 after the sponsor argued Arizona relies heavily on imported gasoline. House Bill 2912, requiring integrated resource plans and independent review for electric utilities, passed 6-2 after amendment. Finally, House Bill 4100, requiring notice to customers about potential rate impacts if CAP water is lost, drew opposition from municipal and private water providers who said the required estimates would be speculative and could not be prepared by the deadline; the bill was discussed with an amendment expanding its scope, but the transcript ends before a final vote is shown.

Transcript Highlights:

• Thank you for your work on the capital budget.
• Thank you for your work on the capital budget.
• The Model Toxics Control Capital Account.
• Senate capital budget as well.
• As the name suggests, CCA operating is for the operating budget and CCA capital is for the capital budget

Summary: The committee first heard a briefing on the proposed Senate capital budget, Substitute Senate Bill 6003, which would spend about $723 million total using debt-limit bonds, Climate Commitment Act funds, and other cash resources. Staff described major investments in housing and homelessness, human services, local infrastructure, flood response, water conservation and clean energy, K-12 school modernization and seismic work, and higher education projects. Members then took public testimony from a wide range of advocates and project sponsors, most of whom urged the Senate to preserve or increase funding for specific projects in the final budget, including affordable housing, permanent supportive housing, child care facilities, food banks, behavioral health and substance use treatment centers, tribal courthouse relocation, school modernization, community colleges, university projects, floodplain restoration, community forests, and local civic or cultural facilities. Several witnesses also asked the Senate to match or approach House funding levels on items such as the Housing Trust Fund, permanent supportive housing, the Community Forest Program, Floodplains by Design, and CCA-supported clean energy and water projects. The chair noted that amendments to the capital budget were due the next day at noon. The committee then received a briefing on Engrossed Second Substitute House Bill 2251, which would restructure Climate Commitment Act accounts by repealing three existing accounts and replacing them with two new accounts: a CCA operating account and a CCA capital account. Staff explained that the bill would preserve most existing uses while changing revenue distribution formulas, capping Ecology administrative costs, expanding allowable uses for EV-related costs, housing, and carbon capture/sequestration, and changing reporting and tribal consultation provisions. The bill also shifts some reporting from annual to biannual and modifies the thresholds for tribal-supported and overburdened-community investments. The fiscal note was described as relatively small, with the main impact being the revised revenue allocation structure. Public testimony on the CCA bill was mixed. Supporters, including the League of Women Voters, said the restructuring better aligns spending with the intent of the CCA and could improve investments for tribes and overburdened communities. Critics, including the Washington Policy Center, argued the bill still lacks strong requirements to ensure CCA spending is effective and objected to reducing the frequency of the state’s climate-spending report. No votes were taken during the portion of the meeting provided.

Transcript Highlights:

• </c> class to be able to take these assets class to be able to take these assets and<01:30:52.920><c>
• The financial services firms in this state do not have the assets; the assets are held at a higher level
• The financial services firms in this state do not have the assets; the assets are held at a higher level
• The financial services firms in this state do not have the assets; the assets are held at a higher level
• The financial services firms in this state do not have the assets; the assets are held at a higher level

Summary: The committee first heard testimony on House Bill 167, which would add ski, snowboard, and boat wax containing PFAS to the state’s consumer-product restrictions. The sponsor argued the product is already banned in many places, has PFAS-free alternatives, and is used in ways that can directly contaminate water rather than landfills. She cited high PFAS levels in several New Hampshire lakes and said the bill was a simple extension of prior PFAS legislation. A witness also described a personal experience where a liquid ski wax disappeared from the market and later returned, likely because of PFAS concerns. The chair then closed the hearing on HB 167 without a vote. The committee then opened a hearing on House Bill 312, dealing with college athletes’ name, image, and likeness (NIL) rights. Representative Moffett said the bill was modeled on New Jersey law and intended to let student-athletes earn compensation from NIL without losing institutional scholarships, while also requiring licensed representation and setting limits on certain endorsements. He described the measure as proactive because NIL rules are evolving and could create conflicts among schools and future lawsuits. Members questioned whether the bill should apply to two-year institutions, whether it should exclude firearms and weapons, and whether the scholarship protections would cover need-based or academic aid as well as athletic scholarships. Moffett said the scholarship language was intended to protect scholarships generally, but not need-based aid specifically, and he acknowledged discomfort with some of the endorsement restrictions. Public testimony on HB 312 was mixed. One supporter, a former Division III athlete and coach, backed the bill but urged removal of a section allowing institutions or athletic bodies to use an athlete’s NIL without compensation, arguing most New Hampshire athletes do not receive NIL money and should not have to work extra jobs to cover basic expenses. The chair also raised concerns about the bill’s contractual and identity-rights implications, referencing prior committee work on a J.D. Salinger-related identity case and noting the committee had previously declined to get involved in similar contractual disputes. No vote was taken during the hearing.

Transcript Highlights:

• How do we justify adding an asset limit?
• And in the case of EAEDC and the asset limit, one, this is one that the asset limit was sort of changed
• So, you know, it's human capital.
• So we're trying to expand the human capital.
• I need more human capital there.

Committee: Joint Joint Committee on Ways and Means

Summary: The hearing opened the FY27 budget process with remarks from the Senate and House Ways and Means chairs and testimony from Governor Healey and Administration and Finance Secretary Matthew Gorzkowicz. The chairs emphasized fiscal caution amid choppy revenue growth, rising health care and education costs, and federal uncertainty, while the governor framed House 2 as a $62.8 billion budget that grows spending by about 1% without new taxes or fees and aims to protect core services while advancing affordability. The administration said the budget uses efficiencies, program integrity, and Fair Share surtax revenue to support education, transportation, housing, child care, health care, and public safety, and it also filed a supplemental Fair Share bill using surplus FY25 funds. Much of the questioning focused on the federal “OB3” tax law and the administration’s separate proposal to delay or phase in certain corporate tax changes, especially research and experimental deductions, to avoid in-year budget shocks. Members also pressed the administration on Fair Share allocations, with the governor and secretary explaining that operating-budget surtax spending is weighted more toward education while supplemental spending is more transportation-focused, and that combined spending is roughly balanced overall. The administration highlighted Chapter 70 aid, special education circuit breaker funding, rural school aid, local aid, child care, the MBTA deficit, regional transit authorities, and a new HHS transportation line item as part of the broader transportation strategy. Several members raised concerns about Chapter 70 equity, rural districts, municipal overrides, out-migration, housing affordability, public housing repairs, and the MBTA Communities Act. The governor and secretary said they are open to further discussion on school funding formulas, PILOT, and municipal aid, and stressed housing production, energy affordability, and workforce development as key responses to out-migration. On energy, the governor defended an all-of-the-above approach, including renewables, gas, and exploration of nuclear, while saying she would continue pushing utilities and regulators to reduce ratepayer costs. The governor also said fire safety grants would not be withheld for noncompliance with the MBTA Communities Act, and members discussed public safety, housing, and local grant impacts in that context. Other topics included the Bright Act and higher education capital investments, with the administration saying it is preparing to support campus infrastructure across the public higher education system and that the bill is intended to strengthen Massachusetts’ competitiveness and retain graduates. Members also questioned cuts to the PCA program and EAEDC, and the governor responded that the state’s PCA program remains strong but is under pressure from large federal health care reductions. No votes were taken; the session was a hearing on the governor’s budget proposal and related policy bills, with the administration taking questions and offering explanations of its recommendations.

Transcript Highlights:

• Entertainment capital of southern Minnesota<00:03:38.319><c> senator</c><00:03:38.720><c> Pratt's</c
• Is it just what I would consider cash or money and not assets?
• There are some existing rules related to capital investment. We can highlight...
• Capital projects may have a positive or negative impact on future state agency operating costs.
• This is in relation to how a capital project would affect operating budgets.

Committee: Senate Finance

Transcript Highlights:

• We manage about $32.5 billion in assets.
• The question about speculative assets: yes, that's kind of a what's-happening-today kind of question.
• I think there's a number of assets that are out there now, not necessarily alternative assets, but just
• traditional assets that may be considered very speculative because of the nature of the capitalization
• Right now, the LGP has $7.8 billion in assets under management.

Committee: House House Appropriations Committee of Reference

Summary: The Appropriations Committee met on January 28 and heard several bills, beginning with introductions of members and staff. The committee first considered HB 2056, which would appropriate $100,000 to the Arizona Department of Water Resources for a feasibility study of brackish groundwater desalination sites. Sponsor Rep. Gail Griffin argued the state should explore use of large brackish groundwater reserves amid Colorado River concerns, while one speaker opposed the bill on aquifer-protection grounds. The committee voted 11-6-1 to give HB 2056 a due pass recommendation. The committee then took up HB 2798, as amended, which appropriates $100,000 to the Arizona Geological Survey to compile data on materials relevant to nuclear energy, including thorium and other non-uranium fuels. Rep. Carbone and others framed the bill as an economic development and national security measure, while opponents questioned whether Arizona has meaningful deposits and whether the state should fund the research. The University of Arizona testified that the Geological Survey could do the work. The committee adopted the Livingston amendment and then approved the bill 11-5-1. Next, the committee considered HB 2303, which codifies investment standards for the State Treasurer, emphasizing safety and principal preservation and prohibiting speculative investments and insider misuse. The Treasurer’s Office supported the bill, saying it reflects existing policy and ethics rules, though members asked for clearer definitions of “speculative” and how the bill would interact with other statutes. The committee passed HB 2303 15-0 with two members present and one not voting. HB 2344, which directs the Treasurer to manage the local government investment pool internally and allows a third-party contract only for emergency backup, also passed after questions about local control and whether the bill was necessary; the vote was 12-2-3 with one not voting. The committee later heard HB 2759, a $500,000 appropriation to the Department of Veterans’ Services to partner with an educational institution in Yavapai County for veterans programs. Retired Navy SEAL Chief Richard Rodriguez testified about Embry-Riddle’s veteran population and emergency assistance needs for housing, travel, and equipment, while opponents objected to using state funds for a private institution and argued veterans services should be broader and statewide. The bill received a due pass recommendation 11-6-1. The committee also approved HB 2207, which funds the prison Braille transcription program at $300,000 and was described as a successful rehabilitation and service program, and HB 2224, as amended to $1 million, which funds the Double Up Food Bucks produce incentive program through SNAP; supporters said it helps families, farmers, and local economies, and the committee adopted the amendment and passed the bill.

Transcript Highlights:

• </c> companies no longer needed those assets. companies no longer needed those assets.
• </c> benefit for maintaining those assets. benefit for maintaining those assets.
• </c> heard today about increasing capital heard today about increasing capital costs<01:06:51.200><c>
• and likely still be looking at capital and likely still be looking at capital funds<01:10:59.280><c>
• transfer their personnel time to capital expenses when they're working on capital projects.

Summary: The committee first heard testimony from State Treasurer Monica Misipelli on House Bill 1042, which would increase the contingent credit limit for the BFA. She explained that under RSA 66 the state’s debt capacity is capped at 10% of unrestricted revenue, and that guaranteed debt counts in the calculation even though it is not direct debt. She said the state currently has about 65% of its capacity used, roughly $120 million of remaining room, and that raising the BFA contingent credit limit from $200 million to $450 million would reduce that capacity. She noted the state’s debt-to-revenue ratio is about 4.2%, that the state’s credit rating is not immediately affected by the guarantee program unless the state actually has to assume the liability, and suggested unused guarantee authorizations, such as one for the Peace Development Authority, could be reviewed in the future. Members asked whether a credit guarantee affects bonding ability like actual debt, what the usual debt level is relative to the statutory cap, and whether the increase would crowd out future capital borrowing. Misipelli answered that guarantees are included in the formula and do affect available capacity, though the current ratio remains manageable. She also said she had been using a $120 million benchmark for capital budget planning and was now modeling $130 million in future state debt. When asked whether the full $250 million increase was necessary, she deferred to the BFA, saying the question should be answered by the agency. James Key Wallace, executive director of the New Hampshire BFA and interim commissioner of Business and Economic Affairs, then testified in support of the bill. He said the request was driven by larger project costs over the last several decades, with construction inflation causing guarantees to be used up in bigger chunks, and by the fact that the BFA has been close to its current cap. He said the agency does not use taxpayer funds, has never had a payout on a guarantee in nearly 35 years, and requires collateral, reserves, and an 80% loan-to-value buffer. He told members the Senate had a similar bill to raise the limit to $400 million and that the BFA considered that range acceptable. In response to questions, he said a smaller increase such as $150 million would cover known transactions but might not provide enough runway for future opportunities, and he confirmed the bill was brought at the BFA’s request. He also said businesses consider housing availability when deciding whether to locate in New Hampshire, since housing and workforce are key location factors. At the end of the work session, the chair closed House Bill 1042 and opened House Bill 241, a bill on health insurance coverage of pain management services for chronic pain. Representative Nagel began introducing the bill and asked for copies of the treasurer’s debt-capacity report, but the transcript cuts off before any further action on HB 241.

Transcript Highlights:

• </c><03:24:27.200><c> and</c> unions must be well capitalized and unions must be well capitalized and
• ,</c><03:50:06.160><c> well-managed</c> well capitalized, well-managed well capitalized, well-managed
• billion for well capitalized and to six billion for well capitalized and well-managed<03:52:05.040><
• </c><03:55:09.199><c> to</c> takes nearly $6 billion in assets to takes nearly $6 billion in assets to
• </c> our nation's capital, Washington, DC. our nation's capital, Washington, DC.

Bills: HB2853 , HB2071 , HR1259 , HB8352 , HB2267 , HR1252 , HR1251 , HB4478 , HB3709 , HB4437

Keywords: organized retail crime, retail theft, cargo theft, supply chain crime, shoplifting, organized theft groups, cargo diversion, stolen goods, fencing, online marketplace, e-commerce, gift cards, prepaid cards, money laundering, Homeland Security Investigations, HSI, Department of Homeland Security, DHS, interstate theft, transnational crime

Transcript Highlights:

• The state funds 100% of upfront capital, and the system repays the state for the perpetual capital repayment
• Next, aging asset risk... for the perpetual capital repayment stream collected via user fees, and the
• Next, aging asset risk. Least-cost build-out strategies. Next, aging asset risk.
• Option two: keep the current governance structure and leverage the capital repayment stream.
• Those identified $435 million in future capital improvement needs just in those 11 cities.

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:

• to generate the capital needed for continued build-out.
• If you're able to raise a lot of that private capital, we talked about that earlier.
• , and so now... ...assets within that community that there was a vision of them being served.
• And also you have the risk of potential stranded assets, right?
• That obviously takes significant capital up front, as we've talked about.

Committee: Senate Transportation

Summary: The Senate Transportation Committee held an informational hearing on the California High-Speed Rail Authority’s 2026 draft business plan, with testimony from the authority, the Legislative Analyst’s Office, and the High-Speed Rail Inspector General. Chair Cortese framed the hearing around the project’s recent changes: a new CEO, revised delivery strategy, loss of federal funds, renewed interest in private financing and value capture, and proposed adjustments to the Merced-to-Bakersfield segment. He also raised concerns about statutory compliance, transparency, and whether the draft plan fully reflects required elements and true costs and timelines. Authority CEO Ian Chaudhry said the project has made substantial construction progress in the Central Valley and is moving toward track installation, with the state’s $1 billion annual cap-and-invest funding providing a stable base. He argued the plan uses design optimization, direct procurement of materials, and revised sequencing to reduce costs and support an early operating segment by about 2032-33. He also promoted broader commercialization of the corridor through real estate, energy, broadband, logistics, and public-private partnerships, saying private sector interest is now real. Several senators pressed him on station locations, tax increment financing, utility relocation authority, permitting delays, transparency, and whether the project can realistically reach Los Angeles and San Francisco on the current timeline and budget. The LAO and Inspector General were more skeptical. LAO analyst Helen Kirstine said the draft plan assumes major scope changes, including a shorter segment, a Merced station outside downtown, more single-tracking, and several statutory changes that have not yet been enacted. She warned that the plan may not comply with recent legislative requirements, that funding may still be insufficient even for the reduced segment, and that borrowing against future cap-and-invest revenues is risky because those revenues are uncertain and volatile. Inspector General Ben Belknap said the draft plan fails to comply with newer statutory requirements, especially regarding the Merced-to-Bakersfield scope, the funding plan, and missing procurement milestone dates. He said the presentation obscures cost increases and schedule delays and limits the Legislature’s ability to compare current estimates with prior reports. Committee members generally supported continued oversight and some form of project delivery reform, but several expressed concern that the plan relies on legislative changes that have not been approved and on private financing that may not materialize. Chaudhry said the authority would address the Inspector General’s findings in the final business plan and continue to pursue federal grants, private capital, and corridor commercialization. No vote was taken at the hearing.

Transcript Highlights:

• They would have to verify their assets and show that their home equity value does not exceed $1 million
• And this is H.R. 1, or this is part of the asset test that... It's H.R. 1. This is H.R. 1.
• They have higher assets than others depending on what programs they like.
• So you have middle-class families that are depleting all their assets and becoming IHSS recipients.
• in effect, the Capital Expansion Program and the Preservation Program.

Transcript Highlights:

• We are leading in deploying clean energy in Minnesota, so let's capitalize on that to create an energy
• It's working to help exciting new clean energy technology. let's capitalize on that to create an let's
• capitalize on that to create an energy<00:02:11.080><c> Innovation</c><00:02:11.879><c> ecosystem</c
• asset asset preservations<00:42:08.280><c> um</c><00:42:08.800><c> asset</c><00:42:09.160><c> preservation
• </c><00:42:09.760><c> that</c> preservations um asset preservation that preservations um asset preservation

Bills: HF1013 , HF1598 , HF1656 , HF2162

Committee: House Energy Finance and Policy

Keywords: energy, economic development, funding, renewable resources, Clean Energy Economy Minnesota, air ventilation, geothermal, school financing, Minnesota Climate Innovative Finance Authority, geothermal energy, renewable energy, construction funding, Como Zoo, energy efficiency, HF2162, Minnesota, planning grants, renewable development account, clean energy, Department of Commerce

Transcript Highlights:

• Just our, you know, our academic assets rebranding, you know, Humboldt to a Cal Poly, but the, you...
• Know, the geographic assets.
• Additionally, salaries for Capital Fellows are not adjusted annually for a rising cost of living.
• When looking at programs that the Center notes are competitors to Capital Fellows, the salaries for Capital
• Okay, so it's the Capital Fellows that—that's, I was thinking Capital was Executive, but it's the Assembly

Transcript Highlights:

• We brought you an Oklahoma pillow that has a heart to capitalize the eye.
• House Bill 3372 creates a revolving loan fund program for charters charter School capital expenditures
• to allow Charter schools who do not have the ability to access ad/lom or bonding capacity to make capital
• Just those improvements tend to take a lot More time because there's no capital available to school districts
• When we use bond funds locally We, when we use redbud funds on our public school districts, those assets

Bills: HB3327 , HB3711 , HB4104 , HJR1077 , HB3329 , HB4322 , HB4202 , HB4203 , HB4457 , HB3983 , HB3660 , HB3802 , HB2933 , HB2955 , HB2956 , HB3781 , HB3521 , HB3794 , HB3796 , HB3800 , HB3183 , HB4316 , HB4484 , HB3469 , HB3464 , HB3173 , HB3989 , HB3016 , HB2979 , HB2988 , HB2288 , HB3062 , HB3315 , HB3372 , HB3530 , HB3622 , HB3755 , HB4266

Keywords: State Board of Education, Oklahoma education board, board appointments, school governance, education reform, governor appointments, legislative appointments, speaker of the house, president pro tempore, senate confirmation, board vacancies, removal for cause, public education, state superintendent, school board training, board member qualifications, emergency clause, Oklahoma statutes 70 O.S. 3-101, school funding, transparency

Transcript Highlights:

• The Davis campus is just minutes from Sacramento, the state capital.
• It requires aligning what farmers are supported to grow, how crops are processed, where capital flows
• Is there a reason that maybe venture capital or traditional lending markets aren't helping farmers in
• We have the infrastructure, the workforce, the logistics and supply chain assets for very large-scale
• This came up a little bit already today in conversation, but access to capital, commercialization of

Summary: The hearing of the Select Committee on Alternative Protein Innovation was held at UC Davis and focused on how alternative proteins can support California agriculture, the bioeconomy, and farmers. Opening remarks from UC Davis leaders and committee members emphasized the university’s food science, fermentation, and sustainability strengths, and the state’s prior investments of $5 million for UC alternative protein research and an additional $1 million for ICAMP. Members framed the topic as a way to grow new markets, keep more value in-state, and address climate, food security, and commercialization challenges. The first panel featured Sana Beg of the Plant-Based Foods Institute, who argued that California agriculture and alternative proteins are complementary, not competing, and stressed that farmers are essential to the sector. She highlighted the need for ingredient processing capacity, technical assistance for growers, and predictable demand through public procurement, including schools, hospitals, and state facilities. Committee members asked about financing and market development, and Beg said guaranteed loans, grants, and state- and USDA-backed support could help de-risk investment and build the supply chain. The second panel focused on research and development. Beam Circular described the circular bioeconomy in the San Joaquin Valley, including efforts to turn agricultural residues into higher-value products, build shared infrastructure, and expand workforce training. ICAMP and UC ANR described UC Davis-centered research, pilot facilities, and a proposed plant innovation center to bridge lab-scale work to commercial manufacturing. USDA researchers discussed using byproducts such as brewer’s spent grain, tomato pomace, lima beans, and chickpeas for new food ingredients. Members repeatedly emphasized the importance of public R&D funding, consumer acceptance, and food-grade scale-up facilities. The final panel highlighted company perspectives from Optimized Foods and Blue Diamond Growers. Optimized Foods described using fungi fermentation to convert almond hulls, cocoa waste, and tomato pomace into protein-rich ingredients and stabilized nutrients. Blue Diamond outlined its grower cooperative model, sustainability practices, almond ingredient portfolio, and the Sacramento almond innovation center. No formal votes were taken; the hearing was informational, with discussion centered on research, commercialization, infrastructure, and market-building for California-grown alternative protein products.

Transcript Highlights:

• And so when it comes to public transportation, the capital cost to deploy it is an order of magnitude
• And so when it comes to public transportation, the capital cost to deploy it is an order of magnitude
• A lot of that was done with in-house crews and asset maintenance contractors who, it’s their everyday
• Logistical assets to go up, they’re mostly like either a one-way street or two-way streets, you know,
• to go up, they're mostly like, logistical assets to go up, they're mostly like either a one-way street

Committee: Senate Transportation

Summary: The Committee on Transportation received a presentation from the Department of Highway Safety and Motor Vehicles on Florida’s camera-based traffic enforcement programs: red light cameras, school bus stop-arm cameras, and school zone speed cameras. The department explained how each program works, the distinction between a civil notice of violation and a uniform traffic citation, and the fee distribution for each type of violation. It also reported preliminary data showing 42 jurisdictions operating red light cameras, with 496 cameras at 302 intersections and 923,133 notices of violation in fiscal year 2024-2025; for the newer school bus and school zone programs, the department said preliminary figures showed five active school bus programs and 40 active school zone programs, with prior-year totals of 61,150 school bus notices and 26,300 school zone notices. Senators asked about camera placement, school zone requirements, review procedures, and whether law enforcement or third parties are involved in reviewing violations. The committee then received an update from FDOT Secretary Jared Perdue on the Moving Florida Forward Infrastructure Initiative, which used $4 billion in general revenue to advance a $7 billion package of 20 major congestion-relief projects. He said the department has used innovative delivery methods, including modified phased design-build, voluntary acceleration, and structured acceleration, to move projects forward faster and control costs. He highlighted progress on projects including I-4 congestion relief lanes, the Golden Glades Interchange, I-95 at US-1, I-75 auxiliary lanes, I-75 at Pine Ridge Road, and I-275 in Tampa, and said 80% of the plan is expected to be underway by the end of 2026, with four projects remaining in 2027. Members asked about temporary traffic patterns at Golden Glades, subcontractor opportunities, public transportation planning, contractor safety and OSHA issues, bridge strikes, logistics hubs near airports and seaports, aggregate and material supply, local government coordination, and federal transportation funding. Secretary Perdue said FDOT continuously reevaluates traffic management plans, works with small businesses and local subs, and monitors contractor safety closely, including corrective action plans after incidents. He emphasized that Florida’s transportation revenues are flat, that the state remains largely state-funded, and that additional resources are the main thing the Legislature can provide to support future infrastructure delivery. The committee adjourned after the chair requested FDOT staff provide senators with district-specific project updates.

Transcript Highlights:

• It's no longer a capital efficiency retrofit project.
• Any time you tap into an asset that's subterranean, what comes out of the ground is some mix of oil.
• Not only do we have good rock, but we're the energy capital.
• The only thing holding us back is access to capital, so in conclusion...
• With these assets, Texas is key to this industry.

Committee: House Energy Resources

Transcript Highlights:

• </c> the players are in this asset class. the players are in this asset class.
• And in our in this single family asset.
• for investment, development, or disposure of specific assets.
• for investment, development, or disposition of specific assets.
• for investment, development, or disposition of specific assets.

Bills: HF3806 , HF2687 , HF497

Committee: House Housing Finance and Policy

Keywords: housing, infrastructure bonds, funding, appropriation, Minnesota Statutes, HF2687, single-family homes, corporate landlords, corporate ownership, real estate investment trust, REIT, landlord registry, landlord database, tenant transparency, housing affordability, homeownership, deed tax, transfer tax, property tax, affordable housing