Video & Transcript Research : 'bonding'

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MN

Minnesota 2025 1st Special Session

House Floor Session 5/14/25 - Part 2

Minnesota House Floor Meeting

Transcript Highlights:
  • for office, people would ask me, like the trades would ask me, 'Are you going to be in favor of a bonding
  • The bonding is critical in my region.
  • you going to be in favor of a bonding you going to be in favor of a bonding bill?"
  • The<00:19:53.600> bonding<00:19:53.919> is<00:19:54.320> critical<00:19:54.720><
  • in my in my The bonding is critical in my in my region
Keywords: 1183, house
TX

Texas 89th Regular

89th Legislative Session Apr 23rd, 2025

Texas House Floor Meeting

Transcript Highlights:
  • on share relaying the creation the Cedar Springs Improvement District providing authority to issue bonds
  • the creation of Alvarium Ranch, Municipal Managed District Number One, providing authority to issue bonds
  • Waller County Improvement District number three providing issue authority bonds providing authority to
  • Number three, managing, providing authority to issue bonds, providing authority to impose assessment
  • HB 1718 by Plescia relating to the definition of closing for purposes of certain private activity bonds
HI

Hawaii 2025 Regular Session

House Chamber - Wed Mar 12, 2025, 12:00PM HST - Day 30

Hawaii House Floor Meeting

Transcript Highlights:
  • House Bill 341, House Draft 1, Senate Draft 1, relating to the issuance of special purpose revenue bonds
  • our honorees from East Hawaii, uh, Denise Mazerik, and today we have her husband... purpose revenue bonds
  • to assist hav purpose revenue bonds to assist hav Island<00:15:29.560> Community<00:15:30.040
  • year's CIP budget includes about $1.9 billion in general obligation and general obligation revolving bonds
  • year's CIP budget includes about $1.9 billion in general obligation and general obligation revolving bonds
Keywords: 910, house, all
TX

Texas 89th Regular

89th Legislative Session May 12th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • Standing bonds, then dissolution would have to wait until you've amortized all the bonds?
  • Voters to approve for a bond, yes.
  • have the authority to issue the bonds and impose assessment fees and taxes.
  • Once that time is served, they must be released on a pretrial bond.
  • So if you cannot afford to bail, to bond out... think about that.
Bills: HB46, HJR35, HJR47, HJR182, HB 113, HB983, HB4847, HB1449, HB3833, HB5151, HB265, HB1845, HB782, HB 108, HB1960, HB158, HB1954, HB1955, HB2512, HB605, HB2581, HB2803, HB627, HB2667, HB1738, HB636, HB3679, HB2638, HB2655, HB871, HB2438, HB 1107, HB1765, HB1822, HB2153, HB4099, HB3732, HB3171, HB3178, HB3182, HB3749, HB2814, HB3977, HB4204, HB4207, HB4449, HB1820, HB1876, HB1939, HB1347, HB2593, HB2136, HB2132, HB2658, HB2413, HB2757, HB2080, HB3154, HB3063, HB3009, HB3448, HB3006, HB2844, HB3241, HB3680, HB3169, HB2078, HB2507, HB4559, HB3946, HB3460, HB3405, HB475, HB3463, HB3441, HB3520, HB2060, HB4731, HB4991, HB1991, HB5596, HB2014, HB2142, HB2673, HB2731, HB2417, HB2399, HB2301, HB3335, HB3234, HB3320, HB5573, HB4848, HB4748, HB4769, HB4795, HB2086, HB2234, HB2203, HB4916, HB5624, HB4505, HB139, HB5093, HB5302, HB5402, HB5606, HB2333, HB4630, HB4701, HB2583, HB2983, HB4924, HB3339, HB3793, HB3631, HB4882, HB5509, HB5499, HB5430, HB5561, HB5611, HB5043, HB5064, HB3733, HB3781, HB3219, HB32, HB4515, HB5348, HR559, HB4506, HB1646, HB3185, HB3388, HB2761, HB3233, HB1534, HB5129, HB5394, HB3619, HB2867, HB3672, HB2434, HB4903, HB3687, HB3675, HB4609, HB4582, HB3866, HB4534, HB2446, HB3984, HB700, HB4088, HB229, SB2419, SB842, SB1257, SB2550, SB996, HB 1186, HB4327, HB3221, HB2588, SB552, HB4870, HB2494, HB3940, HB4838, HB3177, HB1441, SB1841, HB3962, HB2225, HJR112, HB897, HB2695, HB4670, HB3602, HB3317, HB3717, HB3138, HB3704, HB1403, HJR218, HB4921, SJR37, HJR138, HJR144, HB3892, HB4, HB46, HJR35, HJR47, HJR182, HB4234, HB722, HB4136, HB4105, HB4413, HB170, HB551, HB2858, HB3053, HB3142, HB3180, HB3722, HB2200, HB1794, HB1784, HB1581, HB2530, HB4308, HB1896, HB2974, HB3359, HB4580, HB2458, HB2215, HB3332, HB2278, HB3015, HB3151, HB1368, HB40, HB 101, HB 112, HB146, HB168, HB214, HB413, HB1523, HB493, HB521, HB594, HB557, HB305, HB549, HB854, HB 1057, HB 1052, HB842, HB3174, HB3311, HB2486, HB3196, HB824, HB 1039, HB2529, HB2713, HB4936, HB4995, HB4830, HB4864, HB5219, HB5263, HB5154, HB2674, HB5525, HB5623, HB2545, HB2587, HB2625, HB5520, HB5436, HB4926, HB1573, HB5165, HB4811, HB5081, HB4755, HB3179, HB4310, HB4611, HB2159, HB4626, HB3637, HB3153, HB3066, HB2786, HB2966, HB638, HB640, HB876, HB497, HB5539, HB4809, HB5308, HB4687, HB4070, HB4421, HB4412, HB3284, HB3369, HB3420, HB3449, HB4098, HB4281, HB4120, HB4504, HB4370, HB 1106, HB2370, HB2404, HB3863, HB2407, HB2253, HB2273, HB2040, HB1586, HB3788, HB3993, HB4690, HB4309, HB4696, HB2308, HB 1142, HB1533, HB1621, HB2242, HB2012, HB2193, HB2442, HB2464, HB2348, HB2313, HB2289, HB1942, HB2011, HB1629, HB2993, HB3592, HB3824, HB4076, HB4535, HB4623, HB4773, HB 1091, HB5115, HB5515, HB3372, HB5659, HB 127, HB386, HB 115, HB2868, HB 1249, HB4766, HB3720, HB4656, HB4879, HB 105, HB5383, HB4621, HB5431, HB5678, HB5534, HB4174, HB4212, HB3954, HB3966, HB3636, HB3918, HB1422, HB4765, HB4732, HB4742, HB5122, HB4518, HB5084, HB3986, HB4045, HB4144, HB3911, HB3976, HB4473, HB3425, HB3641, HB3642, HB3475, HB3509, HB3424, HB3383, HB4744, HB4531, HB4539, HB3159, HB5228, HB5370, HB4359, HB4398, HB4443, HB4466, HB3861, HB3849, HB4240, HB4706, HB4685, HB5354, HB5141, HB5686, HB3629, HB3554, HB3567, HB2015, HB3575, HB5381, HB1431, HB3514, HB4614, HB4546, HB4683, HB5681, HB5673, HB5663, HB4271, HB4350, HB4035, HB3807, HB3812, HB3552, HB3540, HB3715, HB3710, HB3664, HB4196, HB4233, HB4173, HB1998, HB3333, HB3510, HB4222, HB2070, HB2854, HB2347, HB 113, HB983, HB4847, HB1449, HB3833, HB5151, HB265, HB1845, HB782, HB 108, HB1960, HB158, HB1954, HB1955, HB2512, HB605, HB2581, HB2803, HB627, HB2667, HB1738, HB636, HB3679, HB2638, HB2655, HB871, HB2438, HB 1107, HB1765, HB1822, HB2153, HB4099, HB3732, HB3171, HB3178, HB3182, HB3749, HB2814, HB3977, HB4204, HB4207, HB4449, HB1820, HB1876, HB1939, HB1347, HB2593, HB2136, HB2132, HB2658, HB2413, HB2757, HB2080, HB3154, HB3063, HB3009, HB3448, HB3006, HB2844, HB3241, HB3680, HB3169, HB2078, HB2507, HB4559, HB3946, HB3460, HB3405, HB475, HB3463, HB3441, HB3520, HB2060, HB4731, HB4991, HB1991, HB5596, HB2014, HB2142, HB2673, HB2731, HB2417, HB2399, HB2301, HB3335, HB3234, HB3320, HB5573, HB4848, HB4748, HB4769, HB4795, HB2086, HB2234, HB2203, HB4916, HB5624, HB4505, HB139, HB5093, HB5302, HB5402, HB5606, HB2333, HB4630, HB4701, HB2583, HB2983, HB4924, HB3339, HB3793, HB3631, HB4882, HB5509, HB5499, HB5430, HB5561, HB5611, HB5043, HB5064, HB3733, HB3781, HB3219, HB32, HB4515, HB5348, HCR76, HCR127, HCR9, HCR40, HCR118, HR559
NH

New Hampshire 2025 Regular Session

House Finance Division I (02/26/2025)

Transcript Highlights:
  • <03:21:15.920> that also The Debt Service on the bonds that also The Debt Service on the bonds
  • And those amounts are given to us by Treasury based on the bond schedule that they issued.
  • And the reason that these bond numbers are so much bigger than last is because some of these bonds have
  • So they issue the bonds, my understanding is that they issue the bonds in a timely manner to make the
  • We have more bonds that are requiring principal and interest this year than last. Thank you.
Keywords: 928, house, all
Summary: The meeting began with testimony from Charlotte Harding of the Conservation Land Stewardship Program, who explained that the office protects the state’s interests in conservation lands by monitoring conservation easements and related stewardship obligations. She described the program’s funding sources: a land conservation endowment held at the State Treasury and administered by the Council on Resources and Development, plus transfers from Fish and Game for easements not covered by the endowment. Members discussed how the endowment is funded when new easements are created, the program’s staffing, the loss of a state vehicle, and the need to increase in-state travel so staff can use personal vehicles for field monitoring. Harding said the office has two full-time positions and a seasonal employee, that the work is mostly monitoring rather than hands-on land management, and that enforcement issues are referred to the grantee agencies or, if needed, to the Council on Resources and Development. She also noted that the office works directly with landowners to resolve smaller issues and that stewardship has become a greater focus in the conservation community because ongoing oversight requires funding. Members asked about examples of properties under the program, including LCIP lands such as Musquash Headwaters, Hidden Valley Boy Scout Camp, and Nash Stream, and the committee did not take a motion before moving on. The committee then heard from Paul Breen and Susie Anzelone of the Pease Development Authority regarding the Division of Ports and Harbors operating budget. They explained that the authority provides finance, legal, environmental, and engineering support to the division, which operates New Hampshire’s only deep-water berth at Market Street, as well as facilities in Hampton, Rye, the Portsmouth Fish Pier, and navigational waters in the Piscataqua and Great Bay. They described the authority’s history after the closure of Pease Air Force Base, the transfer of roughly 2,400 acres, and the creation of a self-sustaining enterprise fund tied to airport and port operations. They emphasized that the division does not draw on the general fund because revenues from wharfage, dockage, parking, registration, and mooring fees cover operating costs, with any surplus retained for capital improvements and replacement. Members questioned several budget lines, including a sharp increase in overtime and workers’ compensation. Breen said overtime is driven largely by security needs at the deep-water port and fluctuates with vessel traffic, such as salt shipments, while workers’ comp is a DAS-set cost and not something the division controls. He said the budget is conservative and that if revenues fall short, capital projects would be the first items scaled back. The discussion also covered fee-setting, with Breen saying rates are reviewed against the local market and infrastructure constraints, and that some smaller facility fees had recently been increased after being stagnant for years.
FL

Florida 2026 Regular Session

Regulated Industries Feb 3rd, 2026

Regulated Industries

Transcript Highlights:
  • customers outside the municipal boundaries only to the extent necessary to comply with the terms of bond
  • With the terms of bond covenants that are in effect as of July 1, 2024, and then those surcharges must
  • be phased out upon retirement of the bonds, expiration, or refinancing of the applicable debt obligations
  • We're doing that just to make sure that the bond market stays stable.
Bills: S0936, S1724, S1014, S1498
Summary: The Committee on Regulated Industries met with a quorum and took up four bills. First, it considered SB 1724 on municipal utility services. Senator Martin offered a late-filed delete-everything amendment that would require annual customer meetings for extraterritorial utility customers, cap use of gross utility revenues for general government at 10%, eliminate a 25% surcharge on customers outside city limits, reduce the rate differential cap from 50% to 25%, remove municipal natural gas utilities from the bill, and preserve certain existing bond-related surcharges until debt is retired or refinanced. The League of Cities raised implementation concerns about the July 1, 2026 effective date and the need for rate studies and budget adjustments. The amendment was adopted and the committee reported CS/SB 1724 favorably. The committee then heard SB 936 on temporary door locking devices from Senator McLean. The bill would define temporary door locking devices, allow them to be installed at any height, require the Florida Building Commission to add standards to the Florida Building Code, and require their use to be incorporated into safety plans, drills, and training. With no opposition or amendments, SB 936 was reported favorably. Next, the committee considered SB 1014 by Senator Mayfield, which would prohibit municipalities from refusing water or wastewater service solely because a property owner will not annex, and would require service expansion when a property is near a municipal main line, not served by another utility, and the utility has capacity. A committee amendment narrowed the bill to properties near a main line and reduced the distance threshold from 2,000 meters to one-half mile. The Florida League of Cities opposed the bill as amended, citing concerns about property size, annexation conflicts, enclave creation, and possible revenue impacts, but the bill was reported favorably. Finally, the committee heard SB 1498 on community associations from Chair Bradley. A strike-all amendment revised technical provisions on video conference recordings, turnover inspection reports, SIRS references, and electronic voting, and added two major policy changes: requiring associations to provide records to law enforcement and prosecutors and creating a second-degree misdemeanor for willful refusal, and prohibiting mandatory club or amenity fee schemes controlled by developers or third parties that generate profit beyond proportional expenses. Testimony in support described homeowner disputes involving concentrated board control, lack of transparency, and mandatory fees in communities such as Rosedale. The amendment was adopted and CS/SB 1498 was reported favorably. At the end of the meeting, Senator Bracey Davis asked to be recorded voting in the affirmative on tabs 1, 2, and 3, and the committee adjourned.
MN
Transcript Highlights:
  • Are there discussions about bonding? Yeah, discussions on bonding are still ongoing.
  • Again, that's a $700 million bonding bill, which is what has been proposed and talked about from the
  • But if we do come together with a good, solid bonding bill, that leaves the leeway to potentially get
Keywords: 1187, senate, all
TX

Texas 89th Regular

Transportation May 19th, 2025

Transportation

Transcript Highlights:
  • This occurs most frequently with bond titles and instances where someone is fraudulently attempting to
  • Current law allows individuals to apply for a bonded title when no regular title is available.
  • vehicle but lacks the official title document proving ownership, an applicant must obtain a surety bond
  • This bond and title process can be reviewed by the Texas DMV.
NM

New Mexico 2025 Regular Session

House - Taxation and Revenue Mar 21st, 2025

House Taxation & Revenue

Transcript Highlights:
  • It also created bonding authority to allow the community to bond against those revenues from that increment
  • Representative Duncan, just a quick question, would this then require Um, the issuance of, uh, long-term, uh, bonds
  • Representative Duncan, um, I believe in the bill, I, I don't believe that the increment is required to be bonded
AL
Transcript Highlights:
  • Okay, how does that relate to the amount of money we appropriated through the bond issue?
  • we did not fully execute what... wrong, but we did not fully execute what's available through the bond
  • And talking about the bonds, that is certainly one of the things we told the bond community when we was
Keywords: 924, joint, all
MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 03/26/26

Taxes

Transcript Highlights:
  • Subdivision three provides the city with the authority to issue bonds for a principal amount up to $65.6
  • Subdivision 3 is to be able to issue the bonds.
  • Subdivision 4 states that the bonds are 20-year bonds, and that they may be defeased earlier than 20
  • . bonds. bonds.
  • c> and uh that the bonds are 20-year bonds, and uh that the bonds are 20-year bonds, and that<00:
Keywords: 1187, senate, all
NM

New Mexico 2026 Regular Session

House - Chamber Meeting Feb 9th, 2026 at 11:52 am

New Mexico House Floor Meeting

Transcript Highlights:
  • Speaker and kind gentleman, it's obvious with the governor's initiative, the bonding initiative that's
  • And the reason that I like it so much is because of the bonding that we talked about, and, you know,
  • And I guess the thing that I think about is we have this bonding, we have roads that need to be worked
  • Madam Speaker and generally, no, it's actually a severance tax bond earmark.
  • Where would... ...severance tax bond earmark.
MN

Minnesota 2025-2026 Regular Session

Review of the Minnesota Senate’s 2026 Session | Senator Mark Johnson May 22nd, 2026

Minnesota Senate Floor Meeting

Transcript Highlights:
  • And one of the things we were able to do at the end of session was leverage a bonding bill to reduce
  • So, we were able to do that and provide a bonding bill of one point two billion dollars to invest in
  • we were able to do that and<00:06:30.120> provide<00:06:30.680> a<00:06:30.840> bonding
  • bill<00:06:31.480> of<00:06:31.640> one<00:06:31.800> point and provide a bonding
  • bill of one point and provide a bonding bill of one point two<00:06:32.240> billion<00:06:32.520
Keywords: 918, senate, all
Summary: The interview reviewed the Minnesota Senate session with a focus on bipartisan accomplishments and the challenges of a divided chamber. The senator highlighted the creation of an independent Office of the Inspector General as a major fraud-fighting win, along with the “Take It Back Act,” which would require fraudsters to forfeit 100% of stolen proceeds. He said lawmakers also refined fraud-response measures so legitimate service providers, including those serving Minnesotans with disabilities, would not be unnecessarily cut off while investigations proceed. Another bipartisan measure discussed was a consumer protection bill for homeowners associations and common interest communities, intended to give property owners more protection against overzealous enforcement while preserving community rules. The senator said these bills reflected growing working relationships across the aisle and noted the importance of trust-building, especially with many retirements ahead in the Senate. The conversation also covered affordability and tax relief. The senator said the caucus helped secure a one-year reduction in vehicle tab fees, worth about $254 million to taxpayers, alongside a $1.2 billion bonding bill, and also backed other tax relief items such as pass-through entity tax changes, Section 179-related business tax relief, and property tax relief. He said these were negotiated at the end of session and did not reduce funding for roads and bridges. On contentious issues like gun violence prevention and immigration enforcement, he said some broad packages contained useful bipartisan elements but were derailed by controversial provisions and party-line politics. He described the session overall as “50/50,” saying Republicans wanted more emphasis on taxpayers, education, public safety, and economic growth, and argued that Minnesota’s education performance needs urgent improvement. He closed by stressing that the main lesson of the session was the value of relationships and service, and he encouraged incoming senators to focus on constituents rather than themselves.
CA
Transcript Highlights:
  • done in Europe and Japan, allows us to finance future expansion through tools like revenue-backed bonding
  • We are funding a portion of that through the Prop 1A bonds that were going towards the bookend project
  • ways to do it: one, that we can find some internal instrument, that we can advance the cash through bonds
  • , instrument that we can advance the cash through bonds and loans, and there are many other ways to do
  • It was originally going to be like the bonds were going to be, you know, a third, the feds were going
Keywords: 987, senate, all
Summary: The Senate Budget Subcommittee No. 5 heard an update from the California High-Speed Rail Authority on its 2026 draft business plan and related budget proposals. The Authority said work in the Central Valley is advancing, with 59 of 92 major structures complete, 80 of 119 miles under construction finished, utility relocations 93% complete, and track-laying expected to begin later this year. It said the revised plan targets completion of the Merced-to-Bakersfield early operating segment in 2032-33, and it highlighted a new strategy focused on ancillary revenues, public-private partnerships, and possible value-capture tools such as real estate, energy, broadband, logistics, and tax increment financing. The Authority also asked for reappropriation of $423 million in Prop 1A funds for the Link Union Station project and $246 million in federal trust funds to avoid expiration. The Legislative Analyst’s Office said it had no specific concerns with the two budget change proposals but raised broader concerns about the draft business plan and the project’s finances. LAO said the plan appears to assume optimistic cost savings, immediate approval of major statutory changes, and reliable future cap-and-invest revenues, while actual funding may be insufficient even for the revised Central Valley segment once borrowing costs are included. LAO also said the draft business plan was missing several required elements identified by the Office of the Inspector General, and it suggested the Legislature could wait until the plan is finalized before acting. Department of Finance had no additional comment. Members questioned the Authority about whether all proposed financing and policy changes are necessary, how tax increment financing would affect local governments and school districts, and what authority the Authority has to enter public-private partnerships without further legislative approval. The Authority said utility relocation authority is its top legislative priority, that value capture is a longer-term tool not needed to complete Merced-to-Bakersfield, and that any state backstop beyond the current $20 billion commitment would require returning to the Legislature. It said a private partner is expected to be selected around June 1, with more detailed financing analysis to follow over six to eight months. Public testimony was split: labor groups and project supporters backed the budget request and urged action on utility relocation and job creation, while local government and special district representatives strongly opposed tax increment financing and related land-use proposals without local consent. The hearing ended with no vote taken and the committee adjourned.
AZ

Arizona 2026 Regular Session

04/09/2026 - Senate Floor Session

Arizona Senate Floor Meeting

Transcript Highlights:
  • House Bill 4033, relating to education bond elections.
  • President, your Committee on Education, under consideration of House Bill 4033, relating to school bonding
  • Relating to education bond elections for the third reading. House Bill 4033.
  • House Bill 2320, relating to school bond elections.
  • the Committee on Finance, having under consideration House Bill 2320, relating to school district bonds
Keywords: 1182, all
Summary: The Senate convened with prayer and the Pledge of Allegiance, recorded attendance, approved the journal, and announced a recess at 11:30 a.m. for a proclamation honoring the University of Arizona men’s basketball team. The chamber then moved into Committee of the Whole to consider several bills, mostly on education and finance topics, including school assessment accountability, mental health instruction, public education, accumulated sick leave payments, tax administration, depository state money, dental board regulation, environmental quality, and competitive bidding. On the education calendar, HB 2032 and HB 2033 dealt with school assessment accountability. An Angius amendment to HB 2032 changed a testing timeline from four to six weeks and was adopted; HB 2032 later passed 26-0. A Diaz amendment to HB 2033 would have limited written statewide assessments to grades 3-8, but after debate over testing uniformity and local control it failed 15-10, and HB 2033 passed without it. HB 293, relating to mental health instruction requirements, drew extended floor debate, with senators arguing it was important for student well-being and social-emotional learning; the bill passed 16-10. HB 4033, relating to education bond elections, also passed. On the finance and regulatory calendar, HB 2812 on accumulated sick leave payments was amended and recommended do pass in committee, but later failed final passage on the floor 15-11 after concerns were raised about a provision affecting Attorney General representation. HB 2016 and HB 2140 were amended and recommended do pass in Committee of the Whole, HB 2308 and HB 2439 also received do-pass recommendations, and HB 2320 was retained on the calendar. HB 2873, a competitive bidding bill, became the subject of extensive debate over an emergency clause and a strike-everything amendment tied by opponents to a Marana data-center referendum; supporters argued it restored the ability to withdraw referendum petitions. The amended bill ultimately received a do-pass recommendation. The Senate then adopted the Committee of the Whole report, heard the University of Arizona proclamation, and adjourned until Monday, April 13, 2026.
OK

Oklahoma 2026 Regular Session

Appropriations and Budget Education Subcommittee Feb 9th, 2026 at 10:30 am

A&B Education Subcommittee

Transcript Highlights:
  • us about adding an amendment that disallows the statutory waiver for a school district that is 80% bonded
  • One of those is gonna be shell don't have any outstanding bond debtness and they have to have financial
  • They're going to a private bond. They're borrowing money from a private lender.
  • And the reason that's beneficial for Oklahomans is that the money to pay these private bonds that charter
  • You don't have a district that Would you vote like a bond issue? So, it's only five board members.
HI

Hawaii 2025 Regular Session

Room 224 Conference AM - 04-23-2025

Hawaii Senate Floor Meeting

Transcript Highlights:
  • This bill would authorize the Hawaii Housing Finance and Development Corporation to secure revenue bonds
  • as a line of credit or other instrument of indebtedness for the bond volume recycling program.
  • The proposed draft would change the language on page one from “may secure revenue bonds as a line of
  • credit” to “may utilize revenue bonds when obtaining a line of credit,” and then it fills in the blank
  • The amendment on page one that you identified—“may utilize revenue bonds when obtaining a line of credit
Keywords: 912, senate, all
NM

New Mexico 2025 Regular Session

House - Appropriations and Finance Mar 20th, 2025

House Appropriations & Finance

Transcript Highlights:
  • We'll have bonding authority up to a half a billion dollars.
  • I've got an economist and A bond attorney who wants to do it.
  • And, of course, you know, we can also start bonding authority.
  • Chair, are more gaming-related businesses expected to possibly operate in the business to pay for the bonds
  • It has several tax bonding amendments, rulemaking, and then there's a sunset.
MN
Transcript Highlights:
  • This would allow for emergency appropriations with a supermajority vote, similar to bonding, coupled
  • This would allow for emergency appropriations with a supermajority vote, similar to bonding, coupled
  • This would allow for emergency appropriations with a supermajority vote, similar to bonding, coupled
  • This would allow for emergency appropriations with a supermajority vote, similar to bonding, coupled
  • This would allow for emergency appropriations with a supermajority vote, similar to bonding, coupled
Keywords: 1183, house
Summary: The committee took up House File 4, first adopting the H004A1 amendment without objection. The author described the bill as a constitutional amendment intended to create a tax relief account funded from projected budget surpluses, defined as revenues exceeding 105% of projected expenditures based on the November forecast. Supporters framed the proposal as a way to return excess taxpayer money to families, homeowners, and seniors rather than allowing the state to retain or redirect it. Testimony in support came from Ranna Lee of Americans for Prosperity, who praised the bill’s clarity and argued that taxpayers are overburdened and should receive surplus funds back; she also suggested broader tax and budget reforms, including rate reductions and tighter spending limits. Nan Madden of the Minnesota Budget Project testified in opposition, saying the legislature already has authority to use surpluses for rebates or tax cuts and warning that constitutionalizing tax policy would reduce flexibility, weaken accountability, and make it harder to respond to changing conditions, emergencies, or recessions. Members then briefly commented, with Republicans expressing support for returning money to taxpayers and citing cost-of-living pressures and fixed incomes. The committee did not hear a formal department position. At the end of the hearing, Representative Johnson renewed the motion that House File 4, as amended, be recommended to pass and sent to the Ways and Means Committee; the motion prevailed on a voice vote.