Transcript Highlights:

• We are actively developing nearly 30 land acquisition projects throughout the state.
• We are actively developing nearly 30 land acquisition projects throughout the state.
• As you know, they have a fairly long long. developing nearly 30 land acquisition projects throughout
• And particularly if we expand it into areas where the land acquisition is going to be very expensive
• per acre, ...the land acquisition is going to be very expensive per acre.

Summary: The subcommittee began by announcing a change in the agenda order, moving item 6 ahead of item 1 and then item 7, and noting there would be no votes taken on any items that day. Item 6 covered a proposed operational efficiencies control section for the Natural Resources Agency that would let multiple departments jointly fund landscape-scale or multi-jurisdictional projects and allow Finance to transfer climate bond funds to a lead state entity. The LAO said the proposal was reasonable but suggested the Legislature consider requiring summary notification on how it is used; Finance said it would consider that request. Item 7 focused on the 2026-27 biodiversity and nature-based solutions spending plan. Finance and the Wildlife Conservation Board described the climate bond funding for habitat restoration, wildlife crossings, public access, tribal nature-based solutions, and related work, including $111 million proposed for WCB and $30 million for Salton Sea habitat and public access projects. The LAO supported the overall approach but flagged the San Andreas Corridor Program as an area where the Legislature may want to specify geographic priorities. Members discussed the pace of Salton Sea work and whether the proposed projects would count toward disadvantaged community goals. Item 8 addressed Cal Fire’s aviation contract and staffing needs for wildfire response. Cal Fire said year-round fire activity, a larger and more complex aircraft fleet, and labor market pressures justified the proposed contract increase, including more mechanics, pilots, and maintenance support. The LAO recommended approval, saying the proposal addressed health and safety concerns. Members asked about contractor staffing, competition in the bidding process, and future technology for early fire detection and suppression. The committee then took up item 1 on golden mussel containment. Fish and Wildlife described the invasive species’ spread in the Delta, the task force and response framework, and a request for eight new positions funded by Prop. 4 to support control plans, outreach, monitoring, research, and coordination with partners and law enforcement. Members pressed the department on whether the state should fund more direct decontamination infrastructure and grants to local water managers, and on the realistic goal of containing the mussel. The chair and several members emphasized the urgency of the threat and requested an itemized breakdown of the $20 million request. The hearing then moved to a broader LAO overview of wildfire prevention and response funding, where the LAO summarized the state’s funding mix and warned that ongoing wildfire resilience funding will likely decline as one-time bond and GGRF funds are exhausted, prompting discussion of long-term funding options and the balance between prevention, suppression, and community hardening.

Transcript Highlights:

• fortunate to have such a strong presence of 4-H here and their participation at the National Western Stock
• 29.599><c> Western</c> participation at the National Western participation at the National Western Stock
• :37:31.920><c> ta</c><00:37:32.240><c> tagging</c><00:37:32.720><c> on</c><00:37:32.960><c> to</c> Stock
• Um, and ta tagging on to Stock Show.

Keywords: 981, all

Transcript Highlights:

• Then 13 new sites are pending acquisition.
• So</c><00:28:47.520><c> KSP</c><00:28:48.080><c> anticipates</c><00:28:48.640><c> bringing</c> acquisition
• So KSP anticipates bringing acquisition.
• That property acquisition, site construction, bringing those things online with the rest of the system
• So it is truly just as soon as we are able to complete land acquisition, we should be able to move forward

Keywords: Opening and Roll Call 00:28 Public safety Cabinet 01:09 Juvenile justice MH Facility: 04:30 Department of Corrections Repair and Replacement: 10:29 Department of Criminal Justice Flat Track 19:05 KSP : 27:02 Department of Public Advocacy : 37:35, 958, all

Summary: The subcommittee heard capital project requests from the Justice and Public Safety Cabinet for fiscal years 2026-28. The cabinet described its large statewide footprint and said its facilities face significant deferred maintenance, with the governor’s budget proposing full funding for maintenance pool requests, including an additional $60 million for the Department of Corrections’ maintenance pool and cash funding through investment income. Officials said the projects were based on facility assessments and were presented as necessary public safety investments rather than wish-list items. For the Department of Juvenile Justice, the main requests were $35 million for a high-acuity mental health treatment facility and $45 million each for two new female detention facilities. Officials said the mental health facility would fill a gap for youth needing psychiatric care, while the female facilities were needed to support a regional detention model and address overcrowding; they noted the current female population has grown by 50% since July 2024. Members asked about locations, and staff said they were considering western Kentucky abandoned mine land and available land in Fayette and Jefferson counties, with current female placements in Boyd County and Warren County. For the Department of Corrections, officials requested funding for critical mechanical, electrical, plumbing, roof, and structural repairs, including $15.78 million for Kentucky State Penitentiary utilities infrastructure and additional funding for North Point Training Center projects. They also highlighted two re-entry initiatives: a KCTCS partnership for a re-entry campus at North Point and the East Kentucky Applied Manufacturing Institute at Eastern Kentucky Correctional Complex, both aimed at reducing recidivism through intensive training and job preparation. Members asked about the KCTCS re-entry model, and DOC explained it would be a more immersive, campus-style program than current prison-based vocational classes. The Department of Criminal Justice Training discussed projects at its Richmond campus and the planned Western Kentucky Training Center, including a replacement flat track and campus access road at Richmond and added training features in Madisonville. Officials said the Richmond changes were needed because EKU construction had removed the existing flat track and would affect access, while the Western Kentucky project would expand training capacity and reduce travel for law enforcement agencies. The Kentucky State Police then outlined the final phase of the statewide emergency radio system replacement, estimated at about $17.5 million, and said the system is being built in geographic phases; members asked how long completion would take, and staff estimated roughly four years after funding, assuming no major inflation spikes. No votes were taken, and the meeting remained informational with member questions and staff responses.

Transcript Highlights:

• A division of land that's caused by the acquisition of a portion of an existing lot or tract by a regional
• So having the permitting process move forward while that land acquisition takes place...
• So having the permitting process move forward while that land acquisition takes place concurrently helps

Summary: The committee held public hearings on several bills related to transportation, utilities, housing permitting, and port financing. Substitute Senate Bill 6309 would give regional transit authorities, such as Sound Transit, more flexibility to apply for permits before acquiring property, exceed certain local height/setback limits when needed for rail systems, and use development agreements to vary local standards; the sponsor and Sound Transit testified that the bill would speed delivery of light rail and bus rapid transit, and an amendment was described to allow permits on property not yet owned if the transit authority remains responsible for obtaining property rights. Substitute Senate Bill 6076 would streamline procurement rules for public utility districts on clean energy, storage, transmission, and distribution projects by raising self-performance and contract thresholds, allowing limited noncompetitive procurement in certain reliability or specialized-technology situations, and extending some provisions until 2045; supporters from PUDs, labor, and industry said the changes are needed because of rising costs, long lead times, and grid reliability demands, while committee members asked about the size of the threshold increases and the scope of the bidding waivers. Substitute Senate Bill 5729 would prohibit local governments from charging applicants for third-party plan review when a licensed local staff professional of the same discipline has already reviewed the materials, while still allowing third-party review at the applicant’s cost in certain cases; the sponsor said the bill was narrowed from a broader version and was intended to prevent duplicative fees, and builders supported it as a permitting streamlining measure. Senate Bill 6132 would create a narrow debt-limit exception for the Port of Moses Lake to support a rail project and preserve federal funding eligibility; the port and economic development supporters said the project is ready to bid and needs additional borrowing capacity because of inflation, and the sponsor clarified that the bill is intended to apply only to that port. Engrossed Second Substitute Senate Bill 5374 would require tribal governments to be included in transportation planning coordination under the Growth Management Act and create a tribal traffic safety coordinator grant program; the sponsor emphasized severe pedestrian fatality disparities for Native people and said the bill is about consultation and safety, while county representatives supported the policy goal but asked for clearer cross-references to existing GMA consultation and dispute-resolution processes. The committee also took up Substitute Senate Bill 6070/6076-related testimony and, at the end of the hearing, announced that bills would be executed the next day and amendment requests should be submitted as soon as possible.

Transcript Highlights:

• In part due to this, over the last decade fossil fuel stocks have dramatically underperformed the broad
• The orange line is the global stock market return of the last decade of 116%.
• It's 96% of the global stock market cap.
• It's missed roughly 90% of the overall global stock market return of the last decade.
• The state pension plan owns a significant amount of stocks and securities in many corporations who are

Committee: Joint Joint Committee on Public Service

Keywords: 995, all

Summary: The Joint Committee on Public Service held a hearing focused first on teacher retirement legislation, especially H. 2932 and S. 1884, which would give long-serving educators a one-time opportunity to enroll in Retirement Plus after the program’s 2001 rollout was described as confusing and inconsistently communicated. Legislators, union leaders, and many teachers testified that some educators missed the opt-in window because of faulty notices, leave status, transfers, or misinformation about payroll deductions, and that many have had to work several extra years as a result. Supporters said the bills would correct an unfair administrative error, provide a buyback option with interest, and could also save local school districts money by allowing earlier retirements. Representative Mark Sylvia also testified for H. 4234, a Fairhaven-specific bill to raise the age limit for special police officers from 65 to 70 and clarify appointing authority, citing experience and budget needs. The committee then heard testimony on several pension investment and divestment bills. Supporters of H. 2811 and related climate-risk measures argued that PRIM should assess, disclose, and address climate-related financial risk in the state pension fund, warning that fossil fuel investments could threaten long-term returns and public finances. Environmental advocates and financial experts said climate risk is systemic and urged transparency, divestment planning, and alignment with the Commonwealth’s climate goals. Another set of speakers supported H. 2984, which would divest pension investments from companies selling weapons to Israel; they argued the state should not be complicit in violence in Gaza and cited humanitarian and human rights concerns. Additional testimony supported H. 2900 and S. 1869 to divest from the firearm industry, with speakers saying pension investments should not undermine Massachusetts gun laws. No votes were taken during the hearing. The chairs repeatedly thanked speakers, limited testimony time, and noted that written testimony could be submitted later. The hearing concluded with the committee moving through the sign-up list and hearing extensive public testimony on the teacher retirement and divestment proposals.

Transcript Highlights:

• And the goal of having more housing stock and affordable housing is admirable and important.
• And the goal of having more housing stock and affordable housing is admirable and important.
• It discourages landlords from investing in aging housing stock. It incentivizes new development.
• We've tripled our subsidized housing stock.
• As a result, 65% of our housing stock is multifamily.

Committee: Joint Joint Committee on Municipalities and Regional Government

Keywords: 995, all

Summary: The Joint Committee on Municipalities and Regional Government held a long public hearing focused mainly on two sets of issues: proposals to amend or repeal the MBTA Communities Act, and bills to allow local rent stabilization. Committee chairs opened by explaining the hearing would be tightly managed because of the very large number of speakers, with testimony limited to two minutes per person and written testimony still accepted by email. Members and witnesses were called in a mix of in-person and virtual order throughout the hearing. On the MBTA Communities Act, several legislators and local officials argued the law is too rigid and should be revised to account for local conditions. Speakers from small, rural, or infrastructure-limited communities such as Hanson, Halifax, Marshfield, Winthrop, Dracut, Carver, Rehoboth, and others said the law’s one-size-fits-all approach does not fit towns with limited water, sewer, transit access, or buildable land. Some filed bills would repeal the law, exempt certain communities, or create appeals processes based on infrastructure, environmental, or historical constraints. Supporters of the law’s changes emphasized local control and the need to avoid forcing development where communities believe it is impractical or inconsistent with town character. A large portion of the hearing was devoted to rent stabilization legislation, especially S. 1447 and related House bills. Supporters included legislators, city councilors, tenant advocates, labor leaders, housing nonprofits, public health organizations, and residents who described sharp rent increases, displacement, homelessness risk, and the strain on working families, seniors, students, and people with disabilities. They argued local-option rent stabilization would let municipalities cap excessive increases and prevent no-fault evictions while preserving flexibility for local conditions. Opponents, including small landlords and property owners, said rent control would discourage investment, worsen housing quality, burden responsible owners, and drive small landlords out of the market. Some witnesses also supported a Cape Cod/Island transfer fee bill and a suburban infrastructure fund, arguing those would provide local revenue for housing or roads. No votes or formal committee actions were taken during the hearing.

Transcript Highlights:

• Well, in section three, which describes 4772E, I believe, illegal acquisition of property by a foreign
• </c><00:57:30.319><c> believe,</c> 4772E, I believe, 4772E, I believe, illegal<00:57:32.799><c> acquisition
• <c> of</c><00:57:33.680><c> property</c><00:57:34.079><c> by</c><00:57:34.319><c> a</c> illegal acquisition
• of property by a illegal acquisition of property by a foreign<00:57:34.880><c> principal.
• of farmland and the the acquisition of farmland and the America,<01:01:44.400><c> according</c><01:01

Keywords: 928, house, all

Summary: The committee took up an amended bill, sponsored by Rep. Lily Walsh, aimed at requiring certain foreign principals involved in New Hampshire real estate transactions to file an affidavit electronically with the Department of Justice. Walsh explained that she revised the proposal after the first hearing by limiting it to leases longer than 14 days, removing notarization, allowing electronic filing, shortening notification timelines, and clarifying that lessors or agents would not have to verify the affidavit’s truthfulness. She asked the committee to recommend the bill ought to pass with amendment and also noted a technical correction to use “real estate licensee” rather than “realtor.” The main opposition came from a real estate practitioner on the committee, who argued the bill was burdensome, could create discrimination concerns, and would place real estate professionals in an improper enforcement role. He also questioned the bill’s practical effect and pointed to existing federal CFIUS procedures as a better mechanism for handling foreign investment concerns. Several members echoed concerns about whether the state had authority to regulate in this area, whether the bill would actually stop bad actors, and whether it could be enforced without discriminatory impacts. Representatives from New Boston Space Force Station testified in support, saying the legislation was critical to national security because proximity to the installation could allow adversaries to observe operations or interfere with radio frequency communications. They argued federal processes were too slow or ineffective and that state action could better push hostile actors away from the base. Committee members questioned the technical basis for the 10-mile buffer, whether it would really help, and why federal agencies were not handling the issue. No vote was taken during the exchange shown in the transcript.

Transcript Highlights:

• This measure, this bill, seems like it's almost similar to the bill we had last year on the acquisition
• This measure, this bill, seems like it's almost similar to the bill we had last year on the acquisition
• But this one here is acquisition on this bill is for office space, then.
• But, this one<01:00:32.240><c> here</c><01:00:32.640><c> is</c> one here is one here is acquisition<01
• on this bill is for office acquisition on this bill is for office space,<01:00:37.760><c> then.

Keywords: 912, senate, all

Summary: The committee first heard HB 649, which would create a small boat harbor commercial vessel special fund and raise mortgage fees on commercial vessels to fund harbor improvements. DLNR stood on written testimony in support, while the Ocean Tourism Coalition, Activity and Attractions Association of Hawaii, Calypso Charters, and a local commercial operator all opposed the bill, arguing that the fee increase would burden thin-margin businesses without fixing procurement and staffing problems and that the bill’s fee language and fund allocations were too vague. A DLNR witness also noted a prior bill, HB 2477, had sought to broaden the fee base to more ocean operators statewide rather than increase the percentage. No vote was taken on HB 649 during the portion shown. The committee then heard HB 2599 on aquatic protection, which would prioritize ecosystem integrity and use of best available science in managing aquatic resources and set coral reef resilience goals. DLNR supported the measure, and a testifier from the public urged stronger coral goals for Oahu and a broader framework including water quality, herbivore management, fishery management, enforcement, and coral restoration. There was no opposition or vote shown on HB 2599 before the committee recessed to a joint hearing. In the joint Economic Development and Tourism / Water, Land, Culture, and the Arts hearing, members heard HB 2118 on transferring the State Foundation on Culture and the Arts and the King Kamehameha Celebration Commission from DAGS to DBED, HB 2474 on authorizing non-binding international cooperative agreements, HB 1863 on creating an honorary ambassador to Canada, HB 1943 on out-of-state DBED offices and export promotion, and HB 2604 on a performing arts ticket surcharge. Testimony was generally supportive for HB 2118, HB 2474, HB 1863, and HB 1943, with questions focused on agency placement, sister-state relationships, and the rationale for overseas offices. HB 2604 drew opposition from the Tax Foundation and others, who argued the surcharge functioned as a tax and would make arts participation more expensive; the chair recommended deferring it. During decision-making, both committees passed HB 2118, HB 2474, HB 1863, and HB 1943 with amendments, including technical changes and revised effective dates. For HB 2474, the amendments were described as clarifying definitions for sister-state and international cooperative agreements, allowing relationships with national governments, and preserving legislative approval and transparency. HB 1943 was amended to require an office in Laoag City, Philippines, rather than a non-existent DBED Philippines office. HB 2604 was deferred. After the joint session, the Water, Land, Culture, and the Arts committee resumed and heard HB 2395 on permits for taking marine deposits and HB 2361 on administrative support for the Kahului Bay Regional Council, both of which drew only DLNR written testimony and no further action in the excerpt. The committee then began HB 1823 on Coastal Zone Management Act exemptions, with the Office of Hawaiian Affairs testifying first, but the transcript cuts off before further testimony or action.

Transcript Highlights:

• build more housing and provide subsidies for existing housing to strengthen the quality of our housing stock
• build more housing and provide subsidies for existing housing to strengthen the quality of our housing stock
• property owners from actually providing housing and affordable housing, and releasing the housing stock

Committee: Senate Housing, Construction, and Community Development

Keywords: 993, senate, all

Summary: The Senate Standing Committee on Housing, Construction and Community Development met to open the 2006 session and discussed the governor’s executive budget, housing affordability, housing supply, and barriers to construction. Chair Brian Kavanaugh emphasized efforts to lower barriers to building housing and expand rental assistance and SCRIE/DRIE-related eligibility, while Ranking Member Jack Martins called for rolling back regulations that impede housing production. Senator Helming stressed that, especially in upstate New York, lack of electrical capacity is a major obstacle to new housing and urged attention to utility infrastructure; the chair responded that the budget includes a $3.75 billion proposal for water and sewer capacity and noted that electrical transmission and generation issues fall outside the committee’s direct jurisdiction. The committee also noted a joint Senate-Assembly budget hearing on housing scheduled for February 25. The committee then took up a 10-bill agenda, largely consisting of measures previously reported by the committee and many of which had passed the Senate in prior sessions. Bills addressed tenant registration statements for LLCs (S.119), leasing to business and other entities (S.240), notice requirements for SCRIE/DRIE rent increase exemptions (S.561), housing production reporting to the Department of State (S.919A), creation of a New York Main Street Development Center (S.1851), retroactive benefit calculations for SCRIE/DRIE (S.2534), a common application and web portal for housing funding and incentives (S.2707), tenant access to complete rent histories (S.3569), continuation of SCRIE benefits after temporary income increases (S.4252), and eligibility requirements for disability rent increase exemptions (S.6510). Several members raised questions or comments on specific bills, including the absence of an Assembly sponsor on S.2707 and the need for technical alignment with Assembly versions. All ten bills were reported out of committee, with some advanced to the floor and others to the Finance Committee. Senator Walchick voted in the negative on several measures, while Senators Helming and Martins occasionally voted “without recommendation” on selected bills. No bill was defeated, and the meeting adjourned with notice that another housing committee meeting was expected the following week.

Transcript Highlights:

• This has been a stock that has been completely off-limits for over 25 years.
• And the hatchery is keeping those once-mighty salmon stocks in the Feather from completely disappearing
• I use models to estimate biomass status and appropriate management measures for fish stocks.
• And appropriate management measures for fish stocks.
• And in addition, the most recent stock assessment estimates Pacific bluefin tuna spawning stock biomass

Committee: House Joint Committee on Fisheries and Aquaculture

Summary: The Joint Committee on Fisheries and Aquaculture held its annual Zeke Grader Fisheries Forum, focusing on the state of California fisheries and the environment. Secretary Wade Crowfoot and CDFW Marine Region Manager Dr. Craig Schumann described the sector as economically important but under pressure from drought, climate change, wildfire, warm oceans, and federal uncertainty. They highlighted progress under the state salmon strategy, including barrier removal, habitat restoration, flow protections, hatchery modernization, and technology improvements, while noting that salmon closures in recent years reflected the state’s driest period on record. Schumann reported 2025 commercial landings of about 217 million pounds worth $212 million, led by market squid, Dungeness crab, groundfish, and spiny lobster, and said the state’s marine protected area network had received international recognition. He also discussed salmon season openings, in-season management, hatchery release strategies, parentage-based tagging, kelp restoration planning, domoic acid closures, and expected future opportunities for rebuilt groundfish stocks such as yelloweye rockfish and cow cod. A major portion of the hearing was devoted to the Klamath River dam removal and salmon recovery. CDFW’s Crystal Robinson reviewed the project timeline, from the 2002 fish kill through dam decommissioning and full barrier removal in October 2024, and said fish returned to historic habitat within days. Yurok Chairman Joseph James, Karuk Chairman Russell “Buster” Attebery, and Dr. Craig Tucker described the dam removal as a historic tribal and state partnership and emphasized that salmon are central to tribal culture, food, and sovereignty. They said the river is already showing recovery, including the return of spring-run Chinook above Upper Klamath Lake for the first time in over a century, but stressed that continued restoration, funding, and protection of cold-water tributaries like the Scott and Shasta Rivers are still needed. Speakers also raised concerns about federal efforts to reinterpret the Endangered Species Act and rewrite the Klamath irrigation biological opinion, and urged the state to remain actively involved. The committee discussed AB 263 and AB 2218, which relate to minimum stream flows and Indigenous water rights, respectively. Members also questioned the agencies about Sacramento River salmon management, Shasta Reservoir cold-water releases, enforcement capacity, and federal disaster funding delays. Crowfoot and Schumann said the Sacramento remains the state’s most important salmon river and that the Bay-Delta Plan update and hatchery and flow actions are critical to recovery. They said marine enforcement remains limited, with about 50 officers covering the 1,100-mile coastline, and relies on technology, federal partnerships, and public tips. The committee indicated it would follow up on the federal biological opinion rewrite and on salmon-related policy issues. The final panel addressed the 2026–27 Dungeness crab season outlook. CDFW’s Joanna Grable said the season will be shaped by the “four horsemen” of whales, domoic acid, meat quality, and fleet dynamics, and warned that warm ocean conditions and a possible strong El Niño could increase domoic acid risk and whale entanglement concerns. She said the department will likely take a conservative approach, including possible season delays or gear reductions, while using new tools such as crab evisceration authority. PCFFA Executive Director Lisa Damrosch argued that the fishery has been built too much on fear and litigation, but acknowledged that RAMP now provides a framework to avoid a repeat of the 2016 crisis while still protecting whales and supporting fishing communities.

Transcript Highlights:

• This has been a stock that has been completely off-limits for over 25 years.
• And the hatchery is keeping those once-mighty salmon stocks in the Feather from completely disappearing
• I use models to estimate biomass status and appropriate management measures for fish stocks.
• And appropriate management measures for fished stocks.
• And in addition, the most recent stock assessment estimates Pacific bluefin tuna spawning stock biomass

Committee: Senate Joint Committee on Fisheries and Aquaculture

Keywords: 987, senate, all

Transcript Highlights:

• main risk I think we’ve been trying to highlight... ...I want to highlight is around the risks of a stock
• market downturn, since our revenues are so dependent on the stock market.
• We do think that there are some reliable indicators that often precede a stock market downturn.
• our revenue forecasts have tried to incorporate some of that risk, but they don’t incorporate a full stock

Summary: The Assembly Budget Committee held an informational hearing on two early-action budget bills. AB 107 would make mostly technical corrections to prior budget acts, including extending deadlines, fixing fiscal language, moving $20 million for California travel and tourism promotion from Visit California to GoBiz, and making changes related to Proposition 4 climate bond funding. A key provision would exempt development of program guidelines and selection criteria for certain 2025 climate bond appropriations from the Administrative Procedure Act, which supporters said would speed implementation of wildfire prevention and other projects. Members raised concerns about oversight, competitive bidding, and whether vendors and safeguards were sufficient, while public commenters from water, climate, and conservation groups strongly supported the APA exemption and urged similar treatment for future allocations. AB 117 would authorize up to $590 million in short-term loans for four Bay Area transit agencies: BART, Muni, Caltrain, and AC Transit. Finance explained that the loan would be administered through MTC using Bay Area TIRCP funds that have been awarded but not yet allocated, making the structure cost-neutral to the state. The loan would run 12 years, with the first two years interest-only, and repayment would be secured through state transit assistance funds if needed. Several members questioned whether the proposal amounted to a bailout, whether it was fair to prioritize the Bay Area, and whether the structure adequately protected other projects, especially BART to Silicon Valley Phase 2; Finance and committee staff said safeguards and monitoring provisions were included and that no state funds were at risk. Public testimony was largely supportive of both bills. Transit agencies and local officials said the loan would provide bridge financing as ridership remains below pre-pandemic levels, while allowing service improvements and major events to continue. San Jose representatives and some members asked for possible cleanup language to better protect large regional capital projects. The chair said the committee anticipated hearing the bills on the floor later in the week, and the hearing was adjourned after public comment.

Transcript Highlights:

• been trying to highlight... ...the main risk we've been trying to highlight is around the risks of a stock
• market downturn, since our revenues are so dependent on the stock market.
• We do think that there are some reliable indicators that often precede a stock market downturn.
• our revenue forecasts have tried to incorporate some of that risk, but they don't incorporate a full stock

Committee: House Budget

Keywords: 988, house, all

Transcript Highlights:

• tax-exempt; and 9% taxable for the purpose of providing funds to the beneficiary to finance the acquisition
• exceeding 8%, tax exempt, 9% taxable for the purpose to provide funds to the beneficiary to finance the acquisition

Keywords: 974, senate, all

Summary: The State Bond Commission met on May 21 with a quorum present and approved the April 16 minutes. The commission then reviewed and approved a large slate of local government and public authority financing requests, including election propositions for the November ballot, water and sewer infrastructure projects, fire protection and recreation district bonds, school board financing, and several refunding transactions. Most items were found to meet technical requirements and were approved on motions by Speaker DeVillier and seconded by Senator Talbot. Among the more notable items were the East Baton Rouge City-Parish refunding bonds for the Greater Baton Rouge Airport District, the City of Kenner’s retroactive approval request tied to a convention center agreement with GMB Basketball LLC, a Louisiana Housing Corporation financing increase for the Federal City Building 10 affordable housing project, and preliminary approval for the Northwest Louisiana Finance Authority’s Petro Tower redevelopment in Shreveport. The commission also approved financing for Southern University’s Scott’s Bluff student housing project and the Crescent City Schools/Harriet Tubman Charter School project. The Crescent City Schools item prompted questions about how MFP funds are used; staff explained that lease payments would support the bonds and that MFP funds are generally split between educational expenses and facilities-related costs. The commission received six monthly cost-of-issuance reports, which required no action, and a status update on the state debt schedule. It also approved Resolution No. 2 authorizing up to $425 million in general obligation refunding bonds to refund the Series 2016 bonds and tender other outstanding bonds for savings, with pricing tentatively set for June 16 and closing for June 30. During other business, New Orleans City Council President J.P. Morel thanked the commission for its role in helping address the city’s fiscal crisis and for approving a charter amendment election item aimed at strengthening budget oversight. The meeting adjourned after no further business.

Transcript Highlights:

• tax-exempt; and 9% taxable for the purpose of providing funds to the beneficiary to finance the acquisition
• exceeding 8%, tax exempt, 9% taxable for the purpose to provide funds to the beneficiary to finance the acquisition

Summary: The State Bond Commission met on May 21, established a quorum, approved the April 16 minutes, and then considered a long agenda of bond, refunding, and election-related requests. Items 3 through 10 were election propositions for the November 3 ballot involving ad valorem taxes, parcel fees, and charter amendments for purposes such as fire protection, agricultural centers, neighborhood security, recreation, aging services, drainage, and roads and bridges; staff said they met technical and legal requirements, and the commission approved them. The commission also approved several local financings, including water and sewer projects, fire district equipment and facility improvements, school board and parish bonds, and refunding transactions for the East Baton Rouge City-Parish and St. James Parish School Board. A retroactive approval request from the City of Kenner related to a CEA with GMB Basketball LLC was discussed; staff made no recommendation because it was retroactive, but noted it appeared to be an oversight, and item 22, the related airport district agreement, was approved. The commission approved additional financing for the Louisiana Housing Corporation’s Federal City Building 10 affordable housing project, a preliminary approval for the Northwest Louisiana Finance Authority’s Petro Tower redevelopment in Shreveport, and two Louisiana Public Facilities Authority projects: Southern University’s Scott’s Bluff student housing project and the Crescent City Schools project for Harriet Tubman Charter School. During discussion of the Crescent City Schools financing, a commissioner asked about the use of MFP funds; staff explained that lease payments would be the repayment source and that MFP dollars are generally split between educational expenses and facilities costs, with the school’s typical split around 72% instructional and 28% administrative/facilities-related. Both items were approved. The commission then received six cost-of-issuance reports for previously approved bond issues, with various fee adjustments but no motions required. It also reviewed a debt schedule update and adopted Resolution No. 2 authorizing up to $425 million in general obligation refunding bonds to refund Series 2016 bonds and tender other outstanding bonds for savings, with pricing tentatively set for June 16 and closing for June 30. In other business, the commission heard a brief public comment from New Orleans City Council President J.P. Morrell thanking the commission for helping place a charter amendment on the ballot to improve New Orleans budgeting transparency and oversight. The meeting ended after monthly reports were noted and no further business was raised.

Transcript Highlights:

• Sometimes there's acquisitions of. not-so-well-run utilities or, you know, something might happen, another
• ability to raise rates, is that correct, that's part of the transition embedded in their, I guess, acquisition

Committee: House Appropriations - S/C on Articles VI, VII, & VIII

Keywords: 1184, house, all

Transcript Highlights:

• pathway for some of that, I would say, underutilized space, to be a part of the increased housing stock
• And this is one avenue in which we can transform vacant, underutilized space into housing stock.
• As I introduced in my opening of the bill, we want to increase the amount of housing stock.
• again, this is just to try to make sure that we can continue to find ways to increase our housing stock
• That would give us more housing stock. And it would be smaller, and it's going to be smaller homes.

Committee: Senate Community Affairs

Keywords: 999, senate, all

Summary: The committee took up a broad agenda of local government, land use, housing, and public notice bills. It reported favorably SB 984 on firefighter cancer benefits, SB 1612 requiring local governments to accept electronic payments, SB 1180 creating a recall process for community development district board members and adding related CDD provisions on synthetic turf and compact urban mixed-use districts, SB 936 on temporary door locking devices, CS/SB 380 expanding options for publishing legal notices, SB 962 clarifying that the Live Local zoning preemption does not unintentionally capture farms and farm operations, SB 1444 on state preemption involving religious gatherings, private clubs, and certain permitting issues, SB 218 narrowing hurricane-related land-use protections to affected counties, SB 1020 regulating chickee huts, and SB 1434 creating a redevelopment framework for environmentally impacted parcels in certain urban counties. Several of these bills were amended before passage, including SB 1180, SB 380, and SB 948. Testimony was mixed on the more controversial measures. Supporters of SB 984 said the bill clarifies benefits for firefighters diagnosed with occupational cancer. On SB 380, the Florida Press Association and Common Cause opposed shifting legal notices away from newspapers and warned that publication would become more fragmented and harder to find, while the sponsor argued the bill would save money and reflect digital practices. SB 1444 drew support from Florida Family Voice on religious freedom grounds, but the Florida League of Cities and Florida Association of Counties warned that the bill was broad, undefined in places, and could create unintended consequences for local zoning, parking, and permitting. SB 1434 on redevelopment of environmentally impacted land drew support from housing advocates but opposition from counties and cities, which said it would bypass local development review and could allow overdevelopment. The committee also heard substantial testimony on SB 948, which would create a statewide framework for starter-home and lot-split regulations in residential areas. Supporters, including housing advocates, a Gainesville city commissioner, and an urban economist, said local regulations have constrained housing supply and that the bill would help produce more starter homes. Opponents, including the Florida Association of Counties, 1,000 Friends of Florida, and the Florida League of Cities, argued it would function as a statewide zoning code, reduce local planning authority, and create infrastructure and litigation concerns. The bill was amended and then laid over for further consideration after extensive debate and public comment.

Transcript Highlights:

• So, think in particular, stocks We are running out of money in the 300s this fiscal year, and we need
• If, for example, we were to put all of our money into the stock market and the stock market took an 18%
• And nobody invests all their money in the stock market. I mean, we all.
• Under long-term targets, we aim to maintain 20 percent of each of those funds in the U.S. stock markets
• The issue is that we're just not expecting the stock market over the next 10 years to return what it

Committee: House House Appropriations & Finance

Keywords: 996, all

Transcript Highlights:

• It talks about winter stock water.
• Chairman, Senator Hart, oftentimes the stock water is part of the water right, but it doesn't increase
• So if your diversion rate was one CFS for irrigation, you can water stock out of that.
• Hart, you can water stock... Okay. What are you saying? Mr. Chairman, Mr.
• Hart, you can water stock out of your water right.

Committee: Senate Resources and Environment

Keywords: 989, all

Transcript Highlights:

• A lot of this depends on how we invest our funds into the stock market, so those swings can affect it
• It's all COVID related with investments in the stocks from the stock market. There's trouble there.
• all the surplus that we've had, and it's still there, a lot of it's still being invested, and the stock
• If the stock market tanks, all bets are off. But we’ve held to that plan now 34, 40 years.

Committee: Senate Finance

Keywords: 994, senate, all