Transcript Highlights:

• , make more additional loans.
• The waste management division has one small loan program, which is the Brownfields Loan Program, that
• Loan brownfields Loan program<04:32:09.080> that<04:32:09.279> is<04:32:09.760> at<
• loan.
• you'll see a theme here: these are all bank loans, private-sector loans to private entities.

Keywords: 928, house, all

Summary: The Department of Administrative Services presented an overview of its budget and operations, emphasizing that it is the lowest-spending agency in state government and that its general fund allocation has declined since 2019. Commissioner Arling House explained that DAS also handles back-office functions for several administratively attached boards, which has affected staffing and spending comparisons. He said the department’s current general fund spending is roughly split between retiree health and other operations, and that the presentation was based on adjusted authorized spending rather than the original budget figures. A major portion of the meeting focused on retiree health benefits and the long-term effort to control costs. Deputy Commissioner Cassie Keane described how the state moved from a projected deficit in retiree health to savings through a series of changes, including higher premium contributions, co-pay adjustments, and shifting Medicare retirees into Medicare Advantage arrangements to capture federal reimbursement. She said the state has about 12,500 retirees and spouses on the plan, with roughly 10,906 Medicare retirees and 1,580 non-Medicare retirees, and that the savings have depended heavily on federal funding and procurement decisions. She also noted that Medicare retirees pay Part B premiums and that the state has grandfathered older retirees from some premium contributions. Members asked about what the expenditures cover, why the state offers retiree health instead of simply giving retirees a payment to buy coverage themselves, and whether out-of-pocket costs changed under Medicare Advantage. Keane said the plan covers actual health claims or insurance premiums, that co-pays and maximum out-of-pocket limits remain in place, and that the state has no authority to change benefit details without legislative action. She explained that retiree health is a long-standing employee benefit that wraps around Medicare and is not collectively bargained in the usual sense, though its eligibility rules and cost-sharing have been tightened over time to better target the benefit to long-term state service. The discussion also covered vendor performance problems. Keane said Anthem recently won the contract back from Aetna, but its pharmacy subsidiary, Caroline, caused serious service disruptions. DAS responded by withholding payments, assessing more than $2 million in performance guarantees, and hiring a third-party auditor to review the pharmacy processes. The current contract runs through the end of calendar year 2026, and officials said they are watching federal Medicare Advantage reimbursement changes closely because future savings are uncertain.

Transcript Highlights:

• get a motion to roll the three KIA loans get a motion to roll the three KIA loans and<00:26:41.039
• The co-loan to this loan is the second City of Auburn project, a second lead service line loan in the
• Both loans will be 20-year loans with a 0.5% interest rate and were approved at the July 10 KIA board
• This will both loans um will be 20-year This will both loans um will be 20-year loans<00:29:47.760>
• Higher Education Student Loan Higher Education Student Loan Corporation<00:46:34.400> bonds.

Keywords: 00:01 Call to Order and Roll Call 00:49 Approval of Minutes 01:05 Information Items 02:39 Project Rpt from Finance and Admin Cabinet 23:40 Lease Rpt from Finance and Admin Cabinet 26:30 OFM Rpt – KY Infrastructure Authority 36:07 OFM Rpt – Econ Dev Cabinet 43:40 Office of Financial Mgmt 50:18 Remaining 2025 Mtg Dates 50:50 Adjournment, 958, all

Summary: The committee first handled routine business, including approval of the June meeting minutes and receipt of several correspondence and information reports. Those reports covered quarterly capital project status updates from state agencies and postsecondary institutions, lease modifications, asset preservation projects, school district debt issuances, and Kentucky Communications Network Authority budget history materials. Members also raised questions about a long-open stream mitigation account and were told the funds are fee-in-lieu stream mitigation monies administered through Fish and Wildlife, with staff promising to follow up on the specific project. The committee then reviewed and approved several capital project actions. These included a new Camp Oralis dining hall project for the Department of Fish and Wildlife Resources, explained as a reauthorization because the funding split changed to 64% federal and 36% agency funds; an appropriation increase for the Shelbyville armory addition due to higher construction costs and security requirements; and emergency repair projects for Fort Boonesboro flood remediation and the Kentucky State Police Supply Branch fire damage. Members also approved a tenant improvement fund request for parking garage safety improvements at the Mayo Underwood Building. The Office of Financial Management presented three Kentucky Infrastructure Authority items and one Cleaner Water Program reallocation. The loans included a Shepherdsville sewer/drainage project and two Auburn water and lead service line projects; the grant reallocation involved unused Cleaner Water Program funds, with staff emphasizing that all ARPA-funded cleaner water dollars must be spent by December 31, 2026 or returned. After discussion, the committee approved the package. The committee also approved six Economic Development Fund grants, and the Cabinet for Economic Development began presenting the first six KPDI projects, though the transcript cuts off before those project details were completed.

Transcript Highlights:

• <00:35:41.640> are comments in California cpce loans are comments in California cpce loans
• <00:35:53.280> and owner's ability to repay the loan and owner's ability to repay the loan
• > is<00:35:54.440> reasonable ensure the loan amount is reasonable ensure the loan amount
• and this hearing I spoke with a loan and this hearing I spoke with a loan originator<00:36:20.160
• > indicated originator for cace loans who indicated originator for cace loans who indicated that

Keywords: 910, house, all

Summary: The committee on Consumer Protection and Commerce met on February 5, 2025, and heard testimony on several bills. HB 918, relating to labeling, drew support from the Department of Health, INDA (the nonwoven fabrics industry), and Hawaii Realtors. INDA said the bill aligns with do-not-flush labeling laws in other states but raised a concern about the six-month compliance deadline tied to FIFRA approval. In response to committee questions, witnesses explained that the bill is aimed mainly at disinfecting wipes, that most products are already labeled nationally, and that the proposed timing issue could be addressed by using Oregon’s approach. No vote was taken on the measure during the portion shown. The committee also heard HB 1482, relating to controlled substances. HPD supported the bill, and Aloha Green Holdings and the Department of Health both said they supported the intent but recommended technical amendments. Their testimony focused on clarifying the treatment of Delta-8 THC, distinguishing synthetic or artificially derived cannabinoids from naturally occurring forms, and avoiding confusion in the hemp law. Members asked whether Delta-8 would show up on drug tests; witnesses said it would test positive for THC and would not be distinguished from Delta-9. The bill was then set aside as the committee moved on. HB 981, relating to attorney’s fees, drew opposition from a law firm representing homeowners and associations, which argued the bill would limit access to legal services, favor developers and contractors, and make settlement harder. The witness suggested instead using existing consumer-protection fee-shifting concepts, and committee members explored whether a capped fee award or a broader attorney-fee rule would be more appropriate. The committee then took up HB 807 and HB 336, both relating to condominiums. HB 807 received support from the Green Infrastructure Authority and the Hawaii Bankers Association, while one testifier urged deferral over unresolved questions about commercial PACE financing; the bank association asked for more time to work with HGIA, and the chair indicated decision-making could be deferred to allow that discussion. On HB 336, the Community Associations Institute opposed the bill as removing checks and balances, while the Hawaii Workers Center and others supported it as a step toward clearer enforcement of health and safety issues in condominiums and rental housing.

Transcript Highlights:

• There are also down payment assistance loans and a multi-family low-interest loan program for rental
• , our senior deferred loan program, HomeBetter Deferment Loan, down payment assistance loan, and the
• , our senior deferred loan program, HomeBetter Deferment Loan, down payment assistance loan, and the
• , our senior deferred loan program, HomeBetter Deferment Loan, down payment assistance loan, and the
• , our senior deferred loan program, HomeBetter Deferment Loan, down payment assistance loan, and the

Keywords: 1183, house

Transcript Highlights:

• Government's Fund A loan in the amount Government's Fund A loan in the amount of<00:31:40.799> $20
• This 20-year loan weather storage tank.
• c><00:33:55.840> approved principal forgiveness loan was approved principal forgiveness loan was
• And the last loan is for the Grayson County Water District’s Fund F loan in the amount of $7,848,000
• County Water District's uh fund F loan County Water District's uh fund F loan in<00:35:09.200>

Keywords: Reuploaded tor restore the roll call and minutes approval 0:00:01 Call to Order and Roll Call 0:00:20 Approval of Minutes 0:00:50 Information Items 0:01:39 Project Rpt from Eastern KY University 0:06:54 Lease Rpt from University of KY 0:11:33 Project Rpt from Finance and Admin Cabinet 0:18:50 Lease Rpt from Finance and Admin Cabinet 0:29:33 OFM – KY Infrastructure Authority 0:38:27 OFM – Debt Issues 0:46:27 Louisville Arena Authority 1:24:30 Adjournment, 958, all

Summary: The committee first approved the November minutes and received information items on University of Kentucky medical and research equipment purchases, five school districts reporting upcoming bond issues with no additional tax levies needed, and a School Facilities Construction Commission list of prior debt issues for fiscal year 2026. It then considered an appropriation increase for a University of Kentucky project at the Central Kentucky Regional Airport in Richmond. University officials said the project is 100% federally funded and will construct a terminal building tied to EKU’s airport operations and planned flight school. Members asked about the relationship to aviation expansion and whether the flight school would be publicly operated; the witnesses said EKU would operate it, public appropriations had already been applied, and student revenue would help offset costs. The committee approved the item by roll call vote. Next, the committee approved a University of Kentucky lease purchase for property at 415 West Sun Street in Morehead, Rowan County, for $6.4 million. UK said the property, which includes an 85,000-square-foot facility on 9.6 acres, is directly across from UK St. Clair and was offered by the Rowan County Board of Education after it moved to a new location. Members questioned why the payment schedule was structured as quarterly installments and why the price was below two appraisals; UK said the board requested the arrangement and did not want the full amount upfront, and there was no interest on the purchase price. The committee also approved this item. The deputy state budget director then reported three appropriation increases in the Tourism, Arts and Heritage Cabinet: a Ballard Wildlife Management Area pump station project, Lake Barkley State Resort Park emergency repairs, and Lake Barkley lodge wing exterior repairs. After questions, staff explained the Lake Barkley increases were mainly to cover construction contingencies because bids came in close to available funding. The committee approved the action items, then heard four no-action pool projects: HVAC upgrades at the FFA leadership training center in Hardinsburg, Kentucky School for the Blind’s McDaniel Scoggin building, KSD’s Brett Brady Hall, and a Kentucky State University Shanty Hall renovation for the School of Engineering Technology. Finally, the committee heard two real property items: a new CHFS lease in Wayne County and a Transportation Cabinet lease modification in Christian County. The Wayne County lease drew the most discussion, with members questioning the high per-square-foot cost and whether another county location could be used; CHFS said it maintains offices in every county seat, this lease would replace an existing 1977 office, and the new construction was negotiated down from a higher initial bid. The Christian County item was described as a replacement site for driver licensing space, with renovation costs partly absorbed by the lessor and the remainder amortized over the lease term.

Transcript Highlights:

• Our traditional state revolving loan fund is just that: it's a loan with potentially a certain amount
• taken out by the water system, they were connected to the time of the loan or loan origination.
• <01:02:47.400> or loan or loan or origination<01:02:50.160> so<01:02:50.400> there's
• I mean, the terms of this loan, wouldn't it be cheaper for these folks to go out and get a loan to just
• <02:08:34.199> and a person in terms of original loan and a person in terms of original loan

Keywords: 1191, senate, all

Transcript Highlights:

• So if they're asking for a short-term loan, then they'll get more points than for a long-term loan.
• From a loan term perspective, the maximum loan term is $15 million.
• The loan term is typically 15 to 30 years.
• Same with the rental housing; even if they've paid off the loan, our collateral minimum loan-to-value
• That's a $3.4 million loan for $26 million in total costs.

Transcript Highlights:

• The mass layoffs and restructuring within the Department of Education's Office of Special Education have
• The mass layoffs and restructuring within the Department of Education's Office of Special Education have

Keywords: U.S. House of Representatives Floor Proceedings on Tuesday, January 13, 2026, 1012, house, all

Transcript Highlights:

• They are not loans.
• Those were loans, revolving loans. Chair Schwertner: No, they were not all loans.
• We had $7.2 billion of the $10 billion, or... ...loans.
• We had $7.2 billion of the $10 billion, or low-cost loans, right?
• But the majority of that money was structured as low-interest loans, 3% loans for entities that qualified

Summary: The Senate Committee on Business and Commerce met with a quorum and took up a long list of House bills as pending business, voting to report many of them favorably to the full Senate. Bills reported favorably included HB 705, 1094, 2037, 3005, 3112, 3320, 3388, 3516, 3923, 4134, 4214, 4233, 4350, 4559, 4748, 4765, 5093, 5129, and 5196, with several also recommended for the local and uncontested calendar. Some measures were reported with committee substitutes, including HB 3516, HB 3848, HB 4211, and HB 14. HB 2488 and HB 3320 had some dissenting votes, while most other bills were approved unanimously or near-unanimously. The committee spent the most time on HB 14, which Senator Schwertner explained would create the Texas Advanced Nuclear Energy Office in the governor’s office and the Texas Advanced Nuclear Development Fund. The substitute would appropriate $350 million this biennium for reimbursement-based grants to support nuclear generation, supply chain development, pre-construction work, and construction-stage costs, with approval from the lieutenant governor, speaker, and governor. Senators Menendez and Nichols asked clarifying questions about whether the program involved grants rather than loans, how reimbursable grants would work, and who would evaluate applications; Schwertner said the program was modeled on the Enterprise Fund and that the grants would not be loans. After the committee had recessed, Senator Zaffirini asked to change her no votes on HB 4211 and HB 4233 to ayes so those bills could be placed on the local and uncontested calendar, while still registering no votes there. Senator Kolkhorst similarly asked to change her vote on HB 2488 to an aye for calendar purposes, while preserving her no vote. The committee then recessed again after completing its actions on the bills before it.

Transcript Highlights:

• Instead, buyers are left with personal property loans that are honestly more akin to auto loan financing
• These loans were provided at substantially below-market rates to complement first mortgage loans from
• <00:46:45.559> that left with personal property loans that left with personal property loans
• are honestly more akin to auto loan are honestly more akin to auto loan financing<00:46:48.280><
• for single family uh these are loans for single family uh these are loans<01:43:16.000> up<01

Keywords: 1187, senate, all

Transcript Highlights:

• On SB 1367, SD1, relating to installment loans. Oh, lots of testifiers for this one.
• I did have one installment loans I did have one question<00:24:49.279> for dcca<00:24:53.640>
• I would imagine a normal loan payment might be 100 bucks.
• is inserted they could loan language is inserted they could loan funds<00:30:19.960> to funds
• Members moving on to SB 1367, SD1, relating to installment loans.

Keywords: 910, house, all

Summary: The Committee on Consumer Protection and Commerce met on March 12, 2025, and heard testimony on several bills, with most measures drawing support from state boards, agencies, and industry groups. SB 102 (restaurants) had one supportive testifier and no questions. SB 1367 SD1 (installment loans) drew support from DCCA and other boards, but the chair raised concerns about a proposed $5 debit-card convenience fee, saying it seemed high and suggesting it might be amended downward; DCCA said it would check with industry on the likely impact. SB 1373 SD2 (administrative licensure action against sex offenders) received broad support from DCCA and multiple professional licensing boards, including psychology, physical therapy, naturopathic medicine, chiropractic, dentistry, massage therapy, nursing, optometry, barbering and cosmetology, the Hawaii Medical Board, and HPD. The committee then heard SB 1142 SD1 (insurance proceeds), which was supported by DCCA, the Council for Native Hawaiian Advancement, AARP, Hawaiʻi Realtors, and the Hawaiʻi Insurers Council, while State Farm offered comments and the Hawaii Bankers Association opposed. Testimony focused on insurance access after the Lahaina wildfires and the need to address underinsured homeowners. The committee also discussed SB 144 SD2 (stabilization of property insurance), with support from the Hawaii Green Infrastructure Authority, AARP, Hawaiʻi Realtors, and the Hawaiʻi Insurers Council, and comments from the Attorney General and DCCA Insurance Division about revising the financing structure and correcting bill language. Opponents and reservationed supporters argued the bill may not help if applicants can still obtain coverage at very high prices, while supporters said it would expand market capacity and provide a safety net as climate-related losses continue. Finally, SB 253 SD2 (condominium reserves) received support from Hawaiʻi Realtors, CI, and several individual testifiers. Supporters said it would enforce existing disclosure requirements under Act 199 and improve reserve funding transparency, while one individual argued stronger enforcement and an ombudsman-style office would be more effective. The chair reminded testifiers to stay on the bill at hand. No votes or final committee actions were taken during the portion of the meeting reflected in the transcript.

Transcript Highlights:

• Uh, we would close on the loan.
• They include a pawn loan where fees average $150 a high, high cost installment loan where the average
• Title loans are uncapped. Now we're seeing earned wage access.
• We don't want those fees to look like a, a pawnshop loan type, right?
• If you do credit reporting, then you look a lot more like a loan, so you should be regulated in the loan

Transcript Highlights:

• on their loans.
• or the loan was discharged in bankruptcy.
• or the loan was discharged in bankruptcy.
• She and her husband purchased their home in the early 2000s with an 80-20 loan.
• Some of them have one loan. Some of them bought five loans.

Keywords: 995, all

Summary: The Joint Committee on the Judiciary heard testimony on a wide range of bills, with much of the discussion focused on housing stability and maternal mental health. On H. 1924/S. 1171, supporters including Sen. Joan Lovely, Rep. Jim O’Day, physicians, advocates, and people with lived experience urged the committee to create legal protections and treatment pathways for defendants who experienced postpartum psychosis or other perinatal mood disorders within 12 months of giving birth. Testimony emphasized that these conditions are rare but severe, often treatable, and can lead to tragic outcomes if criminalized rather than addressed through screening, expert evaluation, treatment, and, in some cases, resentencing or mitigation. Committee members asked about diagnosis years after the fact and how the Illinois law has worked; witnesses said retrospective diagnosis is possible and that the Illinois model has led to some successful resentencing petitions and broader awareness. Housing-related bills drew substantial testimony. On H. 1983/S. 1071, witnesses described “zombie” subordinate mortgages that were sold years after borrowers believed they had been resolved, then resurfaced with large balances and foreclosure threats. Supporters said the bill would require disclosures and court review to prevent unlawful servicing and foreclosure practices. On H. 1952, advocates from the Massachusetts Law Reform Institute, tenants, and legal services providers backed a permanent statewide right to counsel in eviction cases, citing data showing strong tenant outcomes and the importance of quality control, multilingual outreach, and full representation. On H. 1895/S. 1184, testimony supported codifying a two-tier summary process in eviction court and prohibiting defaults at the initial case-management stage. On H. 1883, a small property owner supported rent escrow as a way to protect landlords from bad-faith nonpayment while preserving tenant rights. The committee also heard testimony on bills addressing discriminatory housing covenants, tenant oversight, and homelessness. On H. 1762/S. 1080, a housing advocate supported removing void restrictive covenants from deeds, describing the Dirty Deeds Project and the lingering harm of racist language in property records. On H. 1814, tenants and advocates described harassment, retaliation, security problems, and lack of accountability in subsidized housing, arguing for an Office of the Tenant Advocate within the Attorney General’s Office. On S. 1120, multiple witnesses supported a bill of rights for people experiencing homelessness, saying it would affirm the right to rest and seek shelter, reduce criminalization, and extend anti-discrimination protections. No votes or final actions were taken during the hearing; the committee primarily received testimony and questions on the bills.

Transcript Highlights:

• So then, since this is a loan program rather than a grant program, they can qualify for the loan and
• then the payment back of the loan would be taxation or how would they be able to pay the loan back?
• When you say OWRB is going to do this, on these loans, are we going to back the loan?
• Are we going to guarantee the loan?
• I mean, they are going to go to the bank and get a loan, and OWRD backs that loan?

Bills: SB1346, SB1509, SB1928, SB2028, SB2071, SB2110, SB2117, SB2127, SB2134, SB722, SB3

Keywords: water infrastructure, wastewater, investment program, loans, local government, SB1509, groundwater, water wells, well spacing, water rights, Oklahoma Water Resources Board, OWRB, basin, subbasin, maximum annual yield, aquifer management, water allocation, water permits, temporary permits, irrigation

Transcript Highlights:

• have a negative impact on our ability to get affordable financing here in New York State, you know, loans
• I mean, you start talking about big things like car loans, mortgages, and we're telling them that you
• We can't do everything about the world, but we can't say, when you go in there for your loan, for your
• This loan, but then they also are incorporating a human, so they're using that combination system.
• In some cases, it becomes a sort of runaway train: the home is stolen, then a loan is taken out, not

Keywords: 993, senate, all

Summary: The Senate Banking Committee met with Chair James Sanders Jr. and reviewed a full agenda of banking-related bills. Early action included approval of a bill requiring licensed check cashers to file suspicious activity reports, and a bill on civil penalties for fraud or misrepresentation in financial products or services, though several members objected to removing the intentionality standard and warned it could broaden enforcement too far and discourage lending in New York. The committee also advanced a bill prohibiting fees for periodic paper statements, a bill on asset-based lending transactions, and a bill requiring reporting of suspected financial exploitation. Members spent substantial time on a bill regulating automated lending decision tools. The sponsor and chair said the measure would allow AI use but require a human review or appeal if a borrower is denied, while some senators raised concerns about competitiveness for state-chartered banks and possible overlap with existing human oversight. The bill was reported out and referred to the Internet and Technology Committee for further review. The committee also approved a DFS study bill on the financial stability and licensing of the check-cashing industry, with a suggestion that the study also examine risks of expanding the industry. A major discussion centered on the “Deep Protection Act,” aimed at preventing foreclosures tied to deed theft. The sponsor described cases involving elderly homeowners and fraudulent transfers, while opponents argued the bill was vague, could create unintended consequences or private litigation, and might affect only a small share of mortgages because it applies to state-chartered institutions. The sponsor said the bill would be amended and noted interest in related county clerk reforms. The committee ultimately sent the bill to Judiciary. The final bills addressed mortgage payment schedule fees and unsolicited mail loan checks; both were approved. The meeting ended after the chair emphasized open debate and committee review as part of improving legislation.

Transcript Highlights:

• Total loans decreased.
• Total loans of those institutions.
• Again, all pretty stable. student loan servicesers. That's because student loan servicesers.
• It industrial loan again about the same.
• Those again like eb and payday loans.

Keywords: Meeting Start 00:00:00 Call to Order and Roll Call 00:00:15 Department of Insurance Update 00:01:39 Department of Financial Institutions Update 00:37:07 Insurance Industry Update 00:54:50 Credit Union Industry Update 01:10:53, 958, all

Summary: The committee met with a quorum, approved the September 16 minutes, and then received an update from Insurance Commissioner Sharon Clark and staff on the Department of Insurance. Clark reviewed department activity, including growth in premium volume and licensing, consumer complaints and recoveries, and a rise in fraud referrals. She said the department has 66 open fraud cases and described common schemes such as staged auto accidents, inflated repair or cleanup charges, and roofing scams. She also said the department’s investigators often prepare strong cases but face reluctance from local prosecutors, especially in Fayette and Jefferson counties, to pursue them. Clark reported favorable workers’ compensation news, saying rates will decrease 9.7% next year for the 20th straight year. She contrasted that with a difficult property insurance market driven by storms, reinsurance costs, inflation, labor shortages, and litigation, but said Kentucky’s market remains relatively stable, citing the Kentucky Fair Plan’s small number of policies. She then warned of significant 2026 health insurance premium increases on the exchange: 16.1% for Molina, 23% for Anthem, and 37% for WCare, after CareSource withdrew. She said the rates were reviewed by actuaries and found fair, but that the biggest pressure point is the scheduled expiration of enhanced premium tax credits, which she said could leave about 90% of exchange enrollees facing a compounded increase. Members questioned Clark about fraud prosecution, the number of people in commercial versus public coverage, and the impact of expiring subsidies. Clark said the prosecution issue is mainly with Commonwealth attorneys and that rural counties are more cooperative than urban ones. She also said the health market is individually rated and that older enrollees would be hit harder, while the loss of tax credits could push some people out of the marketplace. One member asked about the attorney general’s recent opinion on SB 188, the PBM bill; staff said attorneys were still reviewing it. Clark closed by noting that Kentucky’s fraud and towing/storage legislation has become a model for other states.

Transcript Highlights:

• It was called the Loans to Lender Program.
• The dotted red line is loans with bonds.
• Mexico loans.
• And And the loans made by Housing New Mexico are below that red line and borrowed at the gray line.
• So we never engaged in what used to be called liar loans. are actually very careful about, because by

Transcript Highlights:

• Our loan application.
• , or loan forgiveness.
• And once we've determined that they're eligible for loan forgiveness, then we give them a loan forgiveness
• And so these loans do need to be repaid.
• How do you determine the loan forgiveness?

Summary: The Water Topics Overview Committee met to review several interim studies and receive updates from the Department of Water Resources. The committee approved the March 26, 2026 minutes, observed a moment of silence for the late Representative Conmy, and welcomed Representative Hansen to the committee. Staff then reported that the watershed management study and the stormwater/wastewater study had both satisfied the presentation requirements in their study directives, with no further required testimony unless members wanted additional information. The department’s main presentation focused on major water projects and agency operations. Reese Haas and staff updated members on the NAWS project, the Southwest Pipeline Project, Devils Lake outlet operations, low-head dam safety work, floodplain management repository implementation, data center water use, and the 2027 Water Development Plan. Members asked detailed questions about NAWS funding sources, remaining project costs, capacity concerns for All Seasons and other users, and whether current construction is being designed for future demand. The department said NAWS remains on track for substantial completion by October, that remaining NAWS funding will come from a mix of federal, state, and local sources, and that current construction is designed for ultimate capacity while some future components will be adjusted for increased demand. A large portion of the meeting was devoted to the department’s cash management, Resources Trust Fund revenues, carryover balances, and the State Water Commission’s cost-share program. The department reported $340.6 million in carryover remaining, explained that much of it is already obligated to long-term projects, and noted that oil price forecasts and stripper-well exemptions will affect future revenues. Members raised concerns about large carryovers, affordability for local sponsors, and whether the state should continue obligating money multiple bienniums ahead. The department said it is working with the commission on a revised prioritization framework, including high/moderate/low project categories and a two-tier pre-construction/construction approach, to better manage obligations and affordability. The committee also reviewed Deloitte’s finalized studies on regional governance/finance and cost-share policy. Deloitte presented options for Southwest, NAWS, and Red River governance, with stakeholders generally favoring keeping NAWS largely as is, using the current Southwest model with improvements, and pursuing a more structured governance option for Red River. On cost share, the department said Deloitte’s recommended package would cover projected needs through the 2030s, but would require policy changes such as lower percentages for some project types, a 25% replacement-project rate with a cap, and possible bonding or delayed reimbursement strategies. No votes were taken on these policy questions, and the chair indicated the committee would continue the discussion at future basin meetings and the September Water Topics meeting.

Transcript Highlights:

• <00:43:29.200> and programs including the self- loan and programs including the self- loan
• Financial Aid Services Grants and loan Financial Aid Services Grants and loan repayment<00:45:08.720>
• :10.680> self- repayment programs self- loans and self- repayment programs self- loans and self
• lower interest rate, like the SELF Loan Program.
• lower interest rate, like the SELF Loan Program.

Keywords: 1183, house

Summary: The Higher Ed Finance and Policy Committee met to begin a budget overview for higher education. The chair noted quorum, committee member introductions, and that Democratic members were absent. The chair also said the Office of Higher Education would not be appearing for the planned budget deep dive, so nonpartisan fiscal staff would present instead. Ken Savory, the committee’s nonpartisan fiscal analyst, introduced a presentation on the higher education finance structure and timeline. Savory explained the state budget cycle, the difference between direct appropriations, statutory appropriations, open appropriations, base funding, tails, and one-time appropriations, and how those concepts apply to higher education. He described the committee’s usual budget areas: the Office of Higher Education, Minnesota State, the University of Minnesota, and the Mayo Foundation. He also reviewed historical spending charts showing higher education’s share of the general fund over time, the 2/3-1/3 funding policy in statute, and how tuition and general fund support have shifted. He noted that the FY 26-27 base for the Office of Higher Education area is about $725 million, including roughly $450 million for the State Grant program and about $99 million for North Star Promise. Members asked about comparing the current budget to earlier biennia, and staff responded that they would need to calculate the percentage difference. The chair then summarized prior budget growth, saying the previous budget was about $650 million over base and the current budget/tail was about $450 million over base. Staff also reviewed the 2024 omnibus higher education bill, including a roughly $5 million reduction to North Star Promise that was redirected to the Fostering Independence Grant program and a $500,000 appropriation for Minnesota State’s Kids on Campus program. The committee did not take any formal votes or actions during this portion of the meeting.

Transcript Highlights:

• off their student loan off their student loan try<00:55:57.640> to<00:55:58.039> and
• $30,000 in loans?
• <01:01:29.960> or<01:01:30.520> a submit their loan like a loan stub or a submit their
• loan like a loan stub or a you<01:01:30.920> know<01:01:31.359> for<01:01:32.359> to
• c> getting they think hm some loans are getting they think hm some loans are getting forgiven<01:

Keywords: 1191, senate, all