Video & Transcript Research : 'bonds'

Page 59 of 257
CA
Transcript Highlights:
  • And let's be clear about what this is: this is interest on bonds that the state has already issued.
  • So California bonds are primarily held by individuals.
  • Either the Legislature and the voters are going to stop issuing general obligation bonds—so that's no
  • housing bond, no support for Senator Hertzberg's bond, no future school facilities bonds—or the proponents
Summary: The Assembly Banking and Finance Committee met and first approved the consent calendar, which included AB 2028, AB 2425, and committee bill AB 2795, all sent to the Committee on Appropriations. The committee also noted that AB 2558 and AB 2746 had been pulled from the agenda. The chair reviewed hearing procedures, including acceptance of written testimony and rules against disruptive conduct. The committee then heard AB 2116, which would require registration and basic conduct standards for certain small-business financing providers, including merchant cash advance companies, and prohibit confessions of judgment and power-of-attorney provisions before default. Supporters argued the bill would close an oversight gap and improve transparency for small businesses; a small business owner testified that a purported 13% loan turned out to have a 235% APR. Opponents said the bill mixed consumer and commercial regulation and could restrict access to capital, though they supported banning confessions of judgment. The bill passed on a roll call vote and was sent to Appropriations. AB 2243, by Assembly Member Haney, proposed creating a state bank commission to study whether California should establish a state bank or other public financing tools. Supporters said a public banking model could reduce borrowing costs, keep more public money in-state, and better finance housing, infrastructure, and other public priorities; opponents from banking groups raised concerns about taxpayer exposure, deposit guarantees, and the use of public funds and existing lending structures. The bill passed and was sent to Appropriations. The committee also heard AB 2350, which would set guardrails on rent-now-pay-later products for rental housing; supporters said these products can lead to high fees, debt, and eviction risk, while industry groups opposed the bill unless amended. AB 2350 passed as amended and was sent to Appropriations. At the end of the meeting, the committee completed roll calls for absent members and adjourned.
HI

Hawaii 2025 Regular Session

FIN Info Briefing - Thu Jan 16, 2025 @ 9:00 AM HST

Hawaii House Floor Meeting

Transcript Highlights:
  • treasury as well as the state's uh Bond treasury as well as the state's uh Bond deals<00:05:17.720
  • may be appropriate for it to be Bond may be appropriate for it to be Bond funded<00:20:08.799>
  • We're looking at our own ability to issue bonds, you know, under our statutes we can issue bonds.
  • the our statutes we can issue bonds the our statutes we can issue bonds uh<01:48:23.639> we
  • bonds you know the capacity to issue bonds you know we're<01:48:32.239> exp<01:48:32.800>
Keywords: 910, house, all
NV
Transcript Highlights:
  • This bill allows bonds to be used for funding.
  • with the staff at the Treasurer's Office and have been assured that they can fit this into their bonding
  • with the staff at the treasurer's office and have been assured that they can fit this into their bonding
  • Their goal would be, if they got these funds through the bonds, to build a K-8 so that they would not
  • ... ...for a fund that we were going to set up, what it turns out is to be able to qualify for the bonds
MN

Minnesota 2025 1st Special Session

Committee on Finance - 01/23/25

Finance

Transcript Highlights:
  • world, even cash appropriations, um, still are required to follow the bonding rules.
  • These budget rules relate directly to our assumption about future bonding bills in our forecast, and
  • Bill uh even Assumption of a bonding Bill uh even though<00:50:38.559> it's<00:50:38.720>
  • to our assumption about future bonding to our assumption about future bonding bills<00:51:25.559
  • of a bonding of future bonding<00:51:46.640> bills<00:51:47.079> in<00:51:47.200> our
Keywords: 1187, senate, all
Summary: The Finance Committee met for its first 2025 meeting, with co-chairs Senator Marty and Senator Pratt opening the session and members and staff introducing themselves. No bills were heard; the meeting was focused on orientation and on reviewing the committee’s budget rules for the new biennium. Committee members and staff from both caucuses, Minnesota Management and Budget (MMB), and legislative fiscal offices were introduced before the presentation began. MMB fiscal staff Brian D. and committee fiscal staff explained that budget rules are a nonbinding agreement between MMB and House and Senate fiscal staff that guides how fiscal proposals are tracked and understood. They reviewed the history of the rules, noting that the current document reflects the most substantial update since the rules were first adopted in the early 2000s, and that the 2025 version was reorganized into eight sections after extensive interim work by House, Senate, and MMB staff. The presenters emphasized that the rules are updated annually, are intended to promote consistent fiscal tracking and transparent communication, and are used as guidance for budget bills rather than as law. The presentation highlighted several substantive rule areas: general tracking rules and comparison points for budget documents; appropriation drafting guidance; treatment of transfers, revenues, and inflation; planning estimates and “budget tails”; and rules for extending, canceling, or reappropriating existing appropriations. Staff also described new or revised provisions, including guidance on understanding current-law changes, using Department of Revenue estimates for tax revenue, and treating inflation in the forecast as a general pressure estimate rather than appropriated dollars. The committee was asked to review the updated rules, but no vote or formal action was taken during the portion of the meeting provided.
CA
Transcript Highlights:
  • My city and my county, in the last 10 years, we've passed bond measures.
  • If the state's putting a, you know, through the bond or through when we used to fund it in the budget
  • allocations, where the bond used to be sort of an over-the-counter process.
  • Okay, and the private activity bond program is going to be funded administratively. How?
  • the bond issuance.
Keywords: 987, senate, all
HI

Hawaii 2025 Regular Session

HWN-EIG, EIG-PSM, EIG Public Hearings 01-28-2025

Hawaiian Affairs

Transcript Highlights:
  • SB 585 is a no-risk opportunity for the state, utilizing special purpose revenue bonds that are repaid
  • SB 585 is a no-risk opportunity for the state, utilizing special purpose revenue bonds that are repaid
  • SB 585 is a no-risk opportunity for the state, utilizing special purpose revenue bonds that are repaid
  • SB 585 is a no-risk opportunity for the state, utilizing special purpose revenue bonds that are repaid
  • SB 585 is a no-risk opportunity for the state, utilizing special purpose revenue bonds that are repaid
Keywords: 912, senate, all
Summary: The committees first heard Senate Bill 151 relating to the Department of Hawaiian Home Lands and geothermal development on Hawaiian homelands. DHHL and Ulupono Initiative testified in strong support, saying the measure would help advance clean energy goals, create economic opportunities, and support DHHL’s mission. Fine Electric also supported the bill. Several members of the public testified in opposition, raising concerns about consultation with beneficiaries, water impacts, land issues, and the scale of the proposed spending. In response to questions, DHHL staff explained slimhole drilling, the permitting distinctions between water exploration and geothermal exploration, and said prior studies and geophysical testing had been done. The chair then recommended passage with amendments, including SMA technical amendments, a directive to establish a permitted interaction group to study geothermal options, removal of the appropriation language, and a new effective date. The committees adopted the recommendation and passed SB 151 with amendments, with one senator voting no and several excused. The joint committees then took up Senate Bill 371 on property damage to critical infrastructure facilities. The Department of the Attorney General supported the bill with amendments, recommending broader critical infrastructure language to cover systems such as transportation, gas, power, water, and oil, and suggesting additional changes to improve prosecution. Utility and other supporters also testified in favor. The chairs proposed adopting the AG’s amendments except one, and further expanding the bill to make manslaughter explicit when a death results from disruption of critical infrastructure, and to add water as a covered infrastructure category. The committees adopted the amended recommendation and passed SB 371 with amendments. Finally, the Energy and Intergovernmental Affairs committee heard Senate Bill 585 on special purpose revenue bonds for Bana Pacific. The Attorney General noted a possible issue with the company’s entity status and the bill title, but Bana Pacific stated it was in the process of converting from an LLC to a corporation and was satisfied with the title. The State Energy Office supported the concept, and Bana Pacific described the project as an integrated biogas and green hydrogen facility that would support energy security, create jobs, and reduce emissions. The committee then moved on to Senate Bill 964 on waste-to-energy, where the State Energy Office offered supportive comments but many testifiers opposed the measure, arguing incineration is costly, polluting, and inferior to recycling. Written testimony showed more opposition than support, and public testimony focused on environmental and cost concerns.
NM

New Mexico 2026 Regular Session

Senate - Tax, Business and Transportation Feb 12th, 2026 at 06:05 pm

Senate Tax, Business & Transportation

Transcript Highlights:
  • Yes, we did just pass a bill for bonding, but that is to address projects from start to finish.
  • The bonding bill will help with construction.
  • So as the bonding package, I didn't like the bonding package because I didn't think the bonding package
  • Some of it comes from bonding. Some of it can come from general fund money that we have.
  • Some of it comes from bonding. Some of it can come from general fund money that we have.
CA
Transcript Highlights:
  • support for California Community Colleges to instead be financed through a statewide lease renewal bond
  • The Budget Act of 2024 included trailer bill language to ...establish a new lease revenue bond program
  • I believe they have a multi-billion dollar bond that was recently approved.
  • At the time of that Budget Act, it well preceded the state lease revenue bond structure and concept that
  • Santa Rosa Junior College, in particular, had originally started through a revenue bond at CSFA.
Keywords: 988, house, all
AL

Alabama 2025 Regular Session

Alabama House Commerce and Small Business Committee Apr 29th, 2025

Commerce and Small Business

Transcript Highlights:
  • look at that, we are in the process of doing that project, but we are also in the process of issuing bonds
  • Our plan is to issue bonds by the first week of June.
  • If we're not able to issue those bonds, this project is going to be delayed and ...this project is going
  • do this was yesterday." ...And there were letters that we received that created confusion about a bond
  • That's a bond schedule, and those things change on a regular basis.
Bills: SB330
MN

Minnesota 2025 1st Special Session

Committee on Taxes - 05/07/25

Taxes

Transcript Highlights:
  • bond school building<00:22:40.640> bond<00:22:40.960> agricultural<00:22:41.679> credit
  • <00:22:42.559> All Building bond agricultural credit.
  • Section 5, 7, and 9 all relate to the Minnesota Bond Allocation Act.
  • Section five bond allocation act.
  • clarifies that the act applies to bonds clarifies that the act applies to bonds issued<01:13:34.640
Keywords: 1187, senate, all
NM

New Mexico 2026 Regular Session

House - Chamber Meeting Feb 6th, 2026 at 11:19 am

New Mexico House Floor Meeting

Transcript Highlights:
  • But there are measures and triggers, whether it's a bond or fundraising or raising tuition fees; they
  • , in accordance with the Institutional Bond Act, property taxes, bonds in accordance with the Institutional
  • Bond Act, property taxes, levies, federal and tribal support, student fees, da-da-da-da-da-da-da.
  • Higher education construction projects cost grew 81%, while bond capacity increased by 12%.
  • While bond capacity increased by 12%. Thank you, Mr. Speaker, gentlelady.
KY
Transcript Highlights:
  • So if I had 50% in S&P 500 index funds, basically, and 50% in bonds, you know, did I beat an index fund
  • Um, we are no longer in the world where people have blue chip stocks and a few bonds.
  • you know did basically and 50% in bonds you know did I<00:11:45.680> beat<00:11:45.920> an
  • We have some really complicated bonds.
  • they have, you know, US equity and bonds they have, you know, US equity and bonds and<00:18:11.600
Summary: The committee met with a quorum, approved the prior meeting minutes, welcomed new staff member Sean Parks, and announced that it would not meet in November. The next meeting was scheduled for December 8 at 10:00 a.m., with the chair noting that pension bills would be heard then and emphasizing that all pension bills must go through the full process and include actuarial analysis. Brad Gross of the Public Pension Oversight Board presented a detailed review of Kentucky retirement systems’ investments and funding. He said fiscal year 2025 ended with about $50.5 billion in pension assets and $12.52 billion in retiree health assets, both up from the prior year. He reported strong investment performance across the systems, with all Kentucky public pension funds exceeding their policy benchmarks and the median peer return of 10.4%. He also discussed long-term return trends, asset allocation differences among the systems, fee levels, and cash flow, noting that cash flow remains a key monitoring issue and that supplemental appropriations have improved the cash position of some funds, especially the Kentucky State Police and TRS systems. Gross also explained that assumed rates of return have generally fallen over time, which increases unfunded liabilities and required contributions, and said the systems’ current assumptions range from 5.25% to 7.1%. He noted that the committee’s materials included peer comparisons and historical charts, and that all asset classes were within target ranges. In response to a question from Senator Funky From, Gross was asked about pension spiking and whether supplemental general fund contributions could create a false sense of security in cash flow analysis; the question was raised but not resolved in the portion of the transcript provided.
FL

Florida 2026 5th Special Session

Community Affairs Mar 31st, 2025

Transcript Highlights:
  • This is Tab 13, SB 1674 on unrated bonds by Senator Fein.
  • additional rating requirements that conflict with state law, making it harder to invest in Israel bonds
  • do not override this exception, and there is still the opportunity to continue purchasing Israeli bonds
  • This amendment further clarifies that the bill's language only applies to Israel bonds.
  • , Miami Gardens to not be responsible for any pipes, any bond commitments, but we'll leave it on the
Summary: The committee first took up CS/SB 1730, a Live Local Act bill on affordable housing. The sponsor described it as a set of technical and policy adjustments to strengthen implementation, including changes to zoning, height, parking, moratoriums, attorney fees, and related land-use rules. An amendment by Senator Claudio was adopted, adding provisions such as a 10-story height limit near single-family neighborhoods, exclusions for certain protected areas, and changes to fee and use definitions. The committee then reported the bill favorably. Members next considered CS/SB 1674 on unrated bonds for Israel bonds, with a clarifying amendment adopted to make clear the bill applied only to Israel bonds. CS/SB 140 on charter schools was also approved after debate over parent-led conversion of public schools, municipal job-engine charter schools, and surplus school property; opponents warned about local control and impacts on teachers and communities, while the sponsor said the bill preserved district authority and created new school-choice and economic-development options. The committee also passed SB 96, a claims bill for Jacob Rogers, and CS/SB 954 on recovery residences, after strike-all amendments that addressed zoning, ADA concerns, bed caps, staffing ratios, and limits on operation in certain multifamily settings. Senators expressed support for expanding treatment housing but also raised neighborhood and staffing concerns. The committee then approved CS/SB 1714 on local housing assistance plans, which would allow SHIP funds for limited lot-rental assistance for mobile-home owners and require local plans to address mobile-home park closures. SB 658 on standardized construction lien release forms was reported favorably despite testimony from contractors and lawyers warning about possible effects on lien rights and the separate House proposal. The committee also reconsidered and then approved CS/SB 482 after a late-filed amendment addressing local government art fees and a key issue over defining “extraordinary circumstances,” with counties and cities saying more work remained. Finally, the committee passed SB 24 and CS/SB 4, both local claims bills, CS/SB 712 on synthetic turf and related construction rules, SB 952 repealing the emergency firearms/ammunition restriction, CS/SB 1164 allowing email notice delivery in landlord-tenant matters with opt-in safeguards, and SB 202 on municipal water and sewer rates, which drew extensive opposition from North Miami Beach and Miami Gardens officials over utility surcharges and revenue impacts. The meeting ended with SB 202 still under heavy questioning and testimony about the fairness and financial consequences of the surcharge structure.
VT

Vermont 2025-2026 Regular Session

Senate Session - 2026-05-28 - 10:00AM

Vermont Senate Floor Meeting

Transcript Highlights:
  • Um, in the transportation program, we utilized $1.75 million in additional TID bond funds.
  • if the um... ...if the General Assembly authorizes the use of transportation infrastructure bonds in
  • So the tool that is bonding, we keep as an option in the mileage-based user fee. What is in this?
  • We advance um um the bonding We advance the bonding that we had proposed in the Senate.
  • Senator Bond, yes.
Keywords: 927, senate, all
MD

Maryland 2026 Regular Session

Senate Floor Session, 3/25/2026 #1

Maryland Senate Floor Meeting

Transcript Highlights:
  • Senate Bill 283, the President, Maryland Consolidated Capital Bond Loan of 2026, Budget and Taxation.
  • <00:14:48.920> Loan<00:14:49.200> of<00:14:49.360> 2026, Consolidated Capital Bond
  • Loan of 2026, Consolidated Capital Bond Loan of 2026, Budget<00:14:50.800> and<00:14:50.880><
  • uh Senate Bill 283, the<00:14:55.200> annual<00:14:55.520> capital<00:14:55.839> bond
  • program of the the annual capital bond program of the year,<00:14:57.760> uh<00:14:58.280>
Summary: The Senate convened on March 25, 2026, with an invocation by Father Frank Crumble III, who was introduced as the guest of the Senator from the 36th District. The chamber also recognized several guests and groups, including leaders from Cherry Hill on the occasion of the community’s 80th anniversary, Doctor of the Day Maryam Diallo, the Prince George’s County Democratic Central Committee, students from Andrew Jackson Academy, and several women honored for Women’s History Month. Additional recognitions included the Greater Baltimore Committee, Boy Scouts, Tarbiyah Academy, and a Senate intern. The main floor action was a special resolution congratulating the Cherry Hill community on the 80th anniversary of Cherry Hill Homes, a purpose-built community for African Americans returning from World War II. Senators spoke about Cherry Hill’s history, resilience, and recent community investments such as new schools and a recreation center. The resolution was read in full and adopted unanimously. Senate Bill 890, concerning an insurance premium tax receipts exemption for captive insurance procured by nonprofit hospitals and health care systems, was special ordered for another day at the sponsor’s request. The Senate also took up Senate Bill 283, the Maryland Consolidated Capital Bond Loan of 2026. After brief remarks praising the committee’s work and the statewide investment program, the bill passed third reading by unanimous vote. Committee and delegation announcements followed, including Finance, Triple E, and Judicial Proceedings holding House bill hearings at 1:00 p.m., and the Prince George’s County delegation meeting later that day. The Senate then remained in session long enough to confirm a quorum and adjourned until March 26, 2026, at 10:00 a.m.
MS

Mississippi 2026 Regular Session

MS Senate Floor - 19 March, 2026; 10:00 AM

Mississippi Senate Floor Meeting

Transcript Highlights:
  • Senate Bill 3229, bonds authorize revenue bonds to be issued to pay for damage to electric utilities
  • >> Senate<00:15:53.920> bill<00:15:54.159> 3229,<00:15:55.120> bonds<00:15
  • :55.440> authorize >> Senate bill 3229, bonds authorize >> Senate bill 3229, bonds
  • authorize revenue<00:15:56.239> bonds<00:15:56.560> to<00:15:56.719> be<00:15:56.880
  • > issued<00:15:57.199> to<00:15:57.360> pay<00:15:57.520> for revenue bonds
Summary: The Senate considered a series of local and private bills, mostly extending repealer dates or authorizing small local taxes and contributions. These included measures for the City of Laurel, City of Clinton, City of Moss Point, and City of Hattiesburg to continue hotel/motel or restaurant taxes for tourism, parks, and recreation; a Marshall County bill allowing a $7,500 annual contribution to the Bahyia Area Arts Council; a Jackson County bill extending a $5,000 contribution to Friends of Arts, Culture, and Education; a City of Philadelphia bill authorizing a one-time $10,000 contribution to Philadelphia Transit; and a Dotto County bill allowing golf carts and low-speed vehicles on certain public roads. The chamber also approved a Jackson County bill revising the powers and duties of the county fair board. Most of these local bills were passed by voice vote and then by the morning roll call, with no questions raised. The Senate also took up several conference-related matters and House amendments. On Senate Bill 2676, the Proxy Advance of Transparency Act, the Senate voted not to concur and to invite conference. On Senate Bill 2882, dealing with homestead exemption eligibility, members discussed a House amendment clarifying that property owners who deed property but reserve a life estate do not have to reapply for homestead exemption; the Senate concurred and sent the bill to the governor. Additional items later in the calendar included nonconcurrence and conference invitations on bills involving a rural hospital pilot program, dependent care tax credits, health reimbursement arrangement tax credits, state park land lease tax treatment, rural hospital contributions, electronic payment processing fees, storm-related utility revenue bonds, agriculture and logging sales tax exemptions, and revisions to the Pregnancy Resource Act. Near the end of the calendar, senators chose to pass and retain several remaining items rather than take final action, and leadership noted the need to move bills off the calendar in the next session. The Senate then moved to announcements, including committee meetings and a bipartisan social event, and several members requested that the journal reflect adjournment in memory of named individuals. The chamber ultimately agreed to recess until later that day or until the last committee report was filed, with the journal to reflect adjournment until the next morning.
CA

California 2025-2026 Regular Session

Assembly Appropriations Committee May 23rd, 2025

Transcript Highlights:
  • AB 48, Alvarez, state health and safety bond: do pass out on a B roll call.
  • AB 357, Alvarez, state health and safety bond: do pass out on a B roll call.
  • AB 905, Pacheco, bond requirements: holding committee.
  • AB 782, Quirk-Silva, double bonding: do pass out on an A roll call.
  • AB 736, Wicks, Affordable Housing Bond Act: do pass.
Summary: The Assembly Appropriations Committee held its May 23, 2025 suspense hearing and opened by emphasizing the difficult budget environment, rising costs for constituents, and the need to make tough choices. The chair said many bills would be held, amended to reduce costs, or made two-year bills because the state could not afford broad program expansions this year. The committee also noted the agenda was organized alphabetically by author and that results would be posted later that day. The committee then acted on a large suspense file, taking up hundreds of Assembly bills across topics including housing, health care, education, labor, public safety, climate, water, transportation, elections, and technology. Many bills were held in committee, while many others were approved with cost-saving, clarifying, or author’s amendments. Examples included measures on CalABLE, Covered California enrollment, wildfire and insurance issues, reproductive health, school and college programs, prison and juvenile justice matters, AI and data privacy, and local government and utility regulation. Several bills were converted to two-year bills to continue discussion. Throughout the hearing, the committee repeatedly voted on bills by A roll call or B roll call, often with Republicans not voting on amended measures. Some bills were advanced with notable amendments, such as narrowing scope, removing appropriations, delaying implementation, or striking costly provisions. The committee also approved a number of committee bills and omnibus measures, including emergency management, judiciary, insurance, and water-related bills. At the end of the hearing, the chair stated that the committee had moved 435 bills to the Assembly floor, either as do pass or do pass as amended, and adjourned the meeting.
FL

Florida 2026 Regular Session

Finance and Tax Apr 15th, 2025

Finance and Tax

Transcript Highlights:
  • Taxes pledged for revenue bonds do not have to be reapproved until the bond ends, unless the bonds are
  • If the tax will be levied in order to pay revenue bonds, then the maximum duration of that tax, if approved
  • In this case, the ballot must inform voters of the intent to bond the revenues and explain what the bond
  • The bill is retroactive relating to the bonds, but it would, well, I shouldn't say, but it would, well
  • Relating to the bonds, but it would, well, I shouldn't say retroactive.
Summary: The Finance and Tax Committee met and first heard SB 674, which would allow county property appraisers, like tax collectors already can, to budget for and pay hiring or retention bonuses if approved in their Department of Revenue budget. Support came from property appraiser representatives, who said the bill would help them compete for specialized staff without requiring new funding. The bill was reported favorably. The committee then considered SJR 318, a proposed constitutional amendment on tangible personal property used on agricultural land, along with an amendment clarifying the exemption’s scope and allowing the Legislature to set conditions by general law. Farm Bureau and the Florida Chamber supported the measure, and the committee adopted the amendment and reported the joint resolution favorably. Members also took up CS for SB 1664, which would require voter reapproval of local discretionary taxes when they expire; an amendment changed the bill to require expiration dates and tied reapproval to tax expiration rather than a fixed eight-year cycle. Local government and tourism groups raised concerns about impacts on tourist development taxes, transportation surtaxes, beaches funding, and long-term financing, while supporters argued voters should periodically affirm local taxes. The committee adopted the amendment and reported the bill favorably. Next, the committee considered SJR 1510 and its implementing bill SB 1512, both dealing with a homestead-style property tax benefit for certain long-term leased residential properties. After multiple amendments narrowed the proposal substantially, limiting it to one qualifying property and then to single-family homes, mobile homes, and condominium units, counties and cities still opposed the measures as a tax shift to other taxpayers. The sponsor said the changes reduced the scope and fiscal impact, and both measures were reported favorably. Finally, the committee heard SPB 7034, the Senate tax package, which includes permanent sales tax exemptions, multiple tax holidays, motor vehicle fee reductions, a property tax study, rural investment tax credits, a freeze on local communications services tax rates, and other tax changes, with an estimated $2.1 billion revenue reduction. Testimony was mixed: property appraisers supported the property tax study, while many public commenters opposed the firearm and ammunition tax holiday and urged inclusion of gun safes and locks instead. County, city, tourism, and lodging representatives raised concerns about tourist development tax limits and other local revenue impacts, while supporters emphasized tax relief and the study’s value. After debate, the committee adopted a motion to submit SPB 7034 as a committee bill and reported it favorably.
AL

Alabama 2025 Regular Session

Alabama House Judiciary Committee Apr 9th, 2025

Judiciary

Transcript Highlights:
  • So it's not like if she could get arrested, she's required to be on bond.
  • They would have to be on bond until the...
  • They would have to be on bond until the sentencing aspect of it.
  • The bond people can come off of your bond if you want to.
  • The judge can revoke your bond at that point. Um, that's really the discretion for the judge.
NM
Transcript Highlights:
  • And this bonding package, we've seen other bonding—or not bonding, I'm sorry— we've seen other trust
  • We just did a great job of passing a bonding bill, $1.5 billion.
  • We just did a great job of passing a bonding bill, $1.5 billion.
  • We just did a great job of passing a bonding bill, $1.5 billion.
  • But it is identified as a priority for the bonding program.
Keywords: 996, all
Summary: The committee first took up HB 322, which would create a transportation trust fund and transportation program fund. The sponsor offered and the committee adopted an amendment striking the section that would have imposed a 1% gross receipts tax on electricity sales. After a recap of the bill’s remaining provisions, including a $400 million seed amount and future transfers from motor vehicle excise tax revenue, the committee heard brief support from Associated Contractors of New Mexico and the Asphalt Pavement Association and no opposition. The amended bill then passed on a roll-call vote. The committee then heard HB 270, a public works/apprenticeship bill that would require contributions to approved apprenticeship and training programs or to the Public Works Apprentice and Training Fund for public works construction projects, while eliminating an exemption for certain road, highway, utility, and maintenance work. Supporters, including union carpenters, electrical workers, the building trades council, and apprenticeship advocates, argued the bill would expand training, help address labor shortages, and provide a return on public investment. Opponents from utility contractors, highway contractors, and Associated Contractors of New Mexico said they already operate federally approved in-house training programs, warned the bill would raise project costs, and argued some trades have no accessible approved programs. Members questioned how the bill would interact with existing in-house programs, whether rural contractors and nonunion firms would be affected, and whether the state-approved fund and federal highway training requirements could conflict. A proposed amendment to exempt projects of $50 million or less was introduced but tabled. After extensive debate, the committee voted 6-5 to pass HB 270. The meeting also included discussion of a prior procedural error in which HB 270 had been heard before being properly assigned, which the chair said rendered that earlier action void. At the end of the meeting, the committee received a brief New Mexico Department of Transportation District 3 presentation on district projects, budget, and construction status.