Transcript Highlights:

• For certain auto loan interest.
• Auto loan interest, really small.
• Or is it, you know, it'll be a loan from the bank, I guess?
• So we include the status of all of the different loan authorizations.
• loan program.

Keywords: 908, all

Summary: The Budget Section Leadership Division met with a quorum and approved the March 18 minutes. The committee first heard an update from the Petroleum Council on oil and gas activity in North Dakota. Ron Ness said production is expected to remain relatively flat at just under 1.2 million barrels per day, with efficiency gains and longer laterals helping offset lower rig counts. He discussed oil and gas prices, gas taxation, flaring concerns, northward movement of drilling activity, and the importance of new infrastructure and enhanced oil recovery (EOR) pilots. Members asked about gas taxation, natural gas liquids, pipeline impacts, and the outlook for Continental and other operators. Ness said the industry is likely to remain steady rather than see a major ramp-up or decline. Matt Pearl of the State Tax Department then explained the federal “big beautiful bill” and its effect on North Dakota income tax collections. He said the law extends or makes permanent several federal provisions and creates temporary deductions for seniors, tips, overtime, and auto loan interest, with the biggest state impact coming from the standard deduction increase and business tax changes. He revised earlier estimates downward, saying the net cash impact on state collections is likely in the $30 million to $35 million range after accounting for business prepayments and one-time FY25 oilfield transaction effects. Committee members asked which provisions apply to standard versus itemized returns. OMB staff gave a detailed update on major capital projects and facility funding. Topics included Capitol grounds improvements such as 18th-floor renovations, wayfinding, seating, lighting, tree management, and restroom and lobby upgrades; security work at the governor’s residence, which has been delayed by the discovery of human remains; and space reconfiguration efforts in Bismarck-Mandan to reduce leases and create shared offices and conference rooms. They also reported on the State Facility Maintenance Fund, including roof, window, boiler, and kitchen projects at state facilities, and on the state hospital project in Jamestown, which remains on budget and on schedule for substantial completion in winter 2027 and opening in spring 2028. OMB also updated the committee on the Minot North Central State Office Building, the use of federal State Fiscal Recovery Funds, and the status of legislative intent and trust fund reports, including school aid turnback, the school construction loan program, the Foundation Aid Stabilization Fund, the Legacy Fund, and the Strategic Investment and Improvements Fund. The committee ended by discussing future agenda items, including government efficiency, cash management, Bank of North Dakota lines of credit, and the rural health transformation program, and then adjourned.

Transcript Highlights:

• It's not required, particularly if people take loans and banks.
• For residential, the residential loan and mortgage business is usually passed off to Freddie Mac and
• We'll turn the property... own significant commercial property and they often, of course, have loans.
• , car loans, that sort of thing.
• , car loans, that sort of thing.

Summary: The committee heard a work session on earthquake insurance, beginning with background from the Office of the Insurance Commissioner. OIC staff explained that earthquake and earth movement are generally excluded from standard property policies, that earthquake coverage is usually purchased through endorsements or standalone policies with high deductibles and relatively high premiums, and that surplus lines are a limited backstop market not covered by the state guarantee fund. They also described parametric insurance and captive insurance as more specialized products generally suited to commercial or governmental buyers rather than ordinary consumers. A second panel of insurance and banking experts focused on commercial earthquake exposure, especially for older buildings, collateralized loans, and potential knock-on effects to banks and consumers if a major quake caused widespread damage. Members asked about consumer impacts, mitigation incentives, inventories of vulnerable buildings, and whether legislation such as prior work on unreinforced masonry could help reduce risk. The Washington Bankers Association said earthquake insurance is expensive and that affordability is a major concern, while also noting banks participate in disaster-recovery planning and would be affected by major regional losses. No votes or formal actions were taken. The committee then received a presentation from the Washington State Institute for Public Policy on its cannabis and Initiative 502 research. WSIPP staff described the agency as a nonpartisan research institute that conducts legislative-directed studies and explained that its long-term I-502 assignment includes periodic reports leading to a final benefit-cost evaluation in 2032. Staff summarized findings from a 2023 report showing that cannabis possession convictions fell sharply after legalization, though some racial disproportionalities persisted, and that closer retail access was associated with higher reported adult cannabis use, more fatal traffic crashes involving drivers from nearby areas, and higher rates of cannabis use disorder diagnoses among Medicaid enrollees. A 2023 youth-focused report found that students attending schools near retailers were more likely to report cannabis use, had more unexcused absences, and were less likely to graduate on time. In the newest 2025 Medicaid study, staff said retail access was associated with higher probabilities of cannabis use disorder diagnoses, related hospitalizations, inpatient treatment, and co-occurring mental health diagnoses, with event-study analysis suggesting the increases appeared after retailers opened rather than before. Members asked about racial disproportionality, the meaning of cannabis use disorder diagnoses, THC and impairment, whether the findings reflected medical versus recreational use, and how the results should be interpreted in light of broader trends and data limitations. No formal committee action was taken.

Transcript Highlights:

• When a student chooses to take out loans or make personal sacrifices to pay for college, they should
• Um, and they would be taking out loans.
• And loans. There's other ways to get your degree. I, um, I, I just want to be clear.
• go to the bank and try to get a loan for school that wouldn't get it.
• So they would still be paying the loan. If they needed it beforehand.

Transcript Highlights:

• Your child would be required to pay this 15%, and they would be taking out loans.
• It's that everyone has to go to college and get a Pell Grant and get a loan.
• There are very limited options is when you're a student, beyond Pell Grant, loans, you know, different
• There are other avenues. loans.
• Correct. but still be paying the loan if they needed it beforehand.

Bills: HB3032, HB3434, HB3574, HB5339, HB5646

Keywords: nursing education, clinical sites, health facilities, Texas Higher Education Coordinating Board, legislative study, healthcare training, tuition, financial assistance, higher education, public institutions, student support, nonresident students, Texas Education Code, resident tuition, scholarships, regenerative agriculture, grants, sustainable farming, soil health, bioremediation

Transcript Highlights:

• Then we'll close out with federal student loan implications.
• The other thing is our loan repayment program.
• We went from 22 applicants to now over 1,200 medical professionals on our loan repayment program.
• and pay back their loans that are going to be increasingly high.
• their loan is not paid off.

Transcript Highlights:

• , and we use them to make new loans.
• <00:21:45.240> um and we use them to make new loans um and we use them to make new loans um
• loan out?
• something that is Grant and Loan something that is Grant and Loan and<00:43:42.119> the<00
• the Loan program the revolving<00:49:33.160> Loan<00:49:33.559> program<00:49:34.000><

Keywords: 1187, senate, all

Transcript Highlights:

• First item on the agenda is HB 2270 HD1 SD1, relating to the down payment loan assistance program.
• This bill amends the down payment loan assistance program by removing the prohibition on combined loan-to-value
• This bill amends the down payment loan This bill amends the down payment loan assistance<00:11:32.200
• prohibition on combined loan-to-value prohibition on combined loan-to-value ratios,<00:11:35.839
• reserves to purchase the residential property for which the down payment loan is provided.

Bills: SB2057, SB2109, SB2400, HB1752, SB2599, SB2930

Keywords: immigration enforcement, sanctuary policy, detainer, ICE, federal immigration authorities, 8 U.S.C. 1357(g), 8 U.S.C. 1373, 8 U.S.C. 1644, deportation, undocumented immigrants, noncitizen, migrant rights, local police cooperation, law enforcement cooperation, hold request, judicial warrant, probable cause, civil immigration enforcement, county police, state police

Transcript Highlights:

• They make loans to businesses, and they can do them to residences and commercial power, but it's for
• We make, we won't do 100% of the loan; we'll only do 50%.
• The partner in each of those loans will minimize the risk as well. **Chair**: Okay.
• Is this like, is this like small loans, really, really small loans, like to put solar in a home, or is
• Chair, these are all loans, they're not grants, right?

Transcript Highlights:

• This is the loan program. Thank you, Mr. Chairman. You're now recognized.
• Chairman Caldwell, is this a loan or a grant? I may have misspoke.
• loan, low being as in 0% interest.
• Chairman Caldwell, is this a loan or a grant? I may have misspoke.
• interest loan, lobe being a state essentially offer a loan, low interest loan, low being as in 0% interest

Bills: HB4030, HB4031, HB4032, HB4033, HB4034, HB4035, HB4036, HB4037, HB4038, HB4039, HB4040, HB4041, HB4042, HB4043, HB4044, HB4045, HB4046, HB4047, HB4048, HB4049, HB4050, HB4051, HB4052, HB4053, HB4054, HB4056, HB4057, HB4065, HB4067, HB4071, HB4072, SB1144, SB1145, SB1146, SB1147, SB1148, SB1149, SB1156, SB1157, SB1158, SB1159, SB1161, SB1162, SB1163, SB1164, SB1165, SB1166, SB1167, SB1174, SB1175, SB1176, HB4030, HB4031, HB4032, HB4033, HB4034, HB4035, HB4036, HB4037, HB4038, HB4039, HB4040, HB4041, HB4042, HB4043, HB4044, HB4045, HB4046, HB4047, HB4048, HB4049, HB4050, HB4051, HB4052, HB4053, HB4054, HB4056, HB4057, HB4065, HB4067, HB4071, HB4072, SB1144, SB1145, SB1146, SB1147, SB1148, SB1149, SB1156, SB1157, SB1158, SB1159, SB1161, SB1162, SB1163, SB1164, SB1165, SB1166, SB1167, SB1174, SB1175, SB1176

Keywords: education funding, budget appropriations, public schools, teachers' retirement, early childhood education, aeronautics, infrastructure, funding, sustainability, Oklahoma, mining, operator fees, coal production, noncoal mining, department of mines, revenue, state budget, budgetary reform, financial legislation, fiscal accountability

Transcript Highlights:

• House Bill 66, introduced by Representative Chandler, an act relating to health care professional loan
• repayment, creating the Health Professions Advisory Committee to select recipients of loan repayment
• definitions, allowing fees to be assessed upon breach of contract, amending the Health Professional Loan
• Repayment Fund, continuing the provision of loans made pursuant to the Allied Health Student Loan for
• organization affiliated with a charter school, authorizing the New Mexico Finance Authority to make loans

Keywords: 996, all

Transcript Highlights:

• you are paid twice a month and you're a weekend and you need some money and you don't want to get a loan
• It is not a loan. There are no fees, there's no recourse.
• viewed residents of these neighborhoods as hazardous or too risky. ...and would not issue them home loans
• on a loan application that asks who I'm voting for.
• I certainly can't answer for any individual bank on what they may or may not do about a loan decision

Keywords: 923, senate, all

Transcript Highlights:

• And the loans lender per year.
• The state only faces exposure if a loan fails and the borrower defaults on a loan.
• and guarantors like the state compared to housing loan guarantees, primarily because business loans are
• > often<04:10:58.640> less because business loans are often less because business loans
• Business loans may be recourse.

Keywords: 1189, house, all

Transcript Highlights:

• Our facility is eligible for clean water loan and a PSIG grant.
• Our facility is eligible for clean water loan and a PSIG grant.
• <01:21:16.160> and<01:21:16.640> a loan and a loan and a um<01:21:17.680> PSIG<01
• Well, you know, our city did have to get a loan for radium.
• our my city did have to get a loan our my city did have to get a loan for<01:29:36.960> radium

Bills: HF4710, HF4055, HF3848, HF3989, HF4599, HF3767, HF3592, HF3575, HF3574, HF3543, HF4606, HF4489, HF3891, HF3438, HF3811, HF3400

Keywords: capital investment, water infrastructure, sewer systems, public funding, municipal development, Eveleth, wastewater treatment, state bonds, environmental compliance, infrastructure, bonds, economic development, local government, transportation, intersection improvements, Lake Elmo, HF4599, St. Joseph, Minnesota bonding bill, bond proceeds fund

Transcript Highlights:

• going to mention, is — [Bell] — is the fact our students are facing serious cuts in their student loan
• students can continue their education without worrying about not being able to pay off their student loans
• heard from the EDUCATION WITHOUT -- WITHOUT WORRYING ABOUT NOT BEING ABLE TO PAY OFF THEIR STUDENT LOANS
• partnership between the state, private lenders, and higher education institutions to provide student loans
• PARTNERSHIP BETWEEN STATE, PRIVATE LENDERS AND HAGER EDUCATION AND INSTITUTIONS TO PROVIDE STUDENT LOANS

Keywords: 993, senate, all

Summary: The Higher Education Conference Committee met to discuss budget priorities for SUNY, CUNY, community colleges, TAP, student aid, and capital funding. Chair Toby Ann Stavisky emphasized the need for increased operating and capital support, protection against enrollment-based funding losses, no tuition increases, a review of TAP because it has not kept pace with living costs, and action on student loan access and research funding cuts. Assembly Chair Alicia Hyndman outlined the Assembly’s higher education proposal, including $475.7 million to expand TAP eligibility, raising income thresholds for TAP and the Excelsior Scholarship, creating a graduate tuition assistance program, adding community college operating aid, expanding the Opportunity Promise Scholarship, forgiving SUNY hospital debt service, increasing CUNY operating support, restoring opportunity program funding, creating a $110 million student loan support program called New York Rises, and funding five-year capital plans for SUNY and CUNY plus additional ECAP grants. Members broadly supported making higher education more affordable and accessible, while highlighting district-specific needs. Senator May praised SUNY Reconnect, community college workforce programs, hospital debt service relief, and a five-year SUNY capital plan. Senator Gonzalez framed the budget as an investment in economic mobility. Senator Griffo supported affordability, operating and capital aid, and additional support for medical schools and hospitals. Assembly Members Walker, Colton, and Fall backed TAP expansion, opportunity programs, disability supports, SUNY Downstate’s transformation, and capital needs at CUNY and SUNY campuses. Assembly Member Smullen, speaking for the minority conference, urged a five-way budget process, said TAP has not kept pace with inflation, and called for a more stable long-term funding model for community colleges. He also stressed aligning higher education with workforce needs. Assembly Member Pirozzolo pointed to the College of Staten Island as an example of the benefits of investment and warned that employers recruiting students directly from high school could weaken higher education unless colleges continue strengthening trade and career training. The meeting ended with no vote on the budget items, and the chairs adjourned the conference committee after concluding remarks.

Transcript Highlights:

• And so what this bill does is it provides loan assistance to home builders who would be creating these
• And it's almost like a down payment, except it's in The form of a loan that would then be rolled back
• If somebody passes away, the loan can be assumable.
• Madam Chair, Representatives, we do know that even though we're subsidizing these loans, there will be
• a lot of them that will default. on their loan payments.

Keywords: 996, all

Transcript Highlights:

• Uh the city of Lexington has a loans.
• I think that's the revolving loan.
• Loan rates will be renovations.
• <00:38:01.359> rather will be made as secured loans rather will be made as secured loans rather
• , Reinvestment Act motivated bank loans, Reinvestment Act motivated bank loans, philanthropic<00:

Keywords: Meeting Start 00:00:07 Roll Call 00:00:25 Discussion of Lexington’s Housing Affordability Partnership 00:02:26 Discussion of Northern Kentucky’s Housing Blueprint 00:30:12 Discussion of Religious Institution Land Use 00:57:33 Discussion of Free-Market Solutions to Kentucky’s Housing Crisis 01:04:18 Adjournment 01:26:37, 958, all

Summary: The committee met without a quorum and began informally, with members noting this was the final information-gathering meeting on housing before a November meeting to discuss findings and report back to the LRC. The main presentation focused on the Lexington Affordable Housing Partnership, a public-private effort supported by a $10 million state allocation. Presenters described Fayette County’s housing shortage, citing a gap of more than 22,000 units, rising home prices, and the challenge of assembling land and capital for affordable projects. The partnership explained that five local banks created a $3 million capital investment fund to buy and hold land at no interest, with deed restrictions keeping the site at 80% or below area median income and allowing the banks to seek Community Reinvestment Act credit. The first project is a 12.5-acre former Transylvania University baseball field, planned for about 242 units, including detached homes, townhouses, garden-style apartments, and senior housing. Speakers said the project required extensive neighborhood engagement and zoning/development approvals, but that the planning phase is now largely complete and infrastructure work should begin soon. Financing details included roughly $64 million in additional funding through tax credit equity, market-rate loans, city support, Kentucky Housing Corporation resources, and donations from nonprofit partners. Developers said the multifamily bond applications are due to Kentucky Housing Corporation the next day, and they expect the land purchase to be repaid into the revolving fund once the property is entitled and closed, allowing the original $3 million to be redeployed for future projects. They estimated rental units could be filled within about six months of completion, while for-sale units would come online over 12 to 36 months. In discussion, members asked about regulatory barriers and project timelines. Presenters pointed to rising construction costs tied to new federal and state requirements, and one member highlighted the need to continue reviewing planning and zoning reforms to speed development plan approvals and reduce delays. The group also endorsed a possible statewide $20 million housing fund, a residential infrastructure fund, and efforts to avoid additional regulatory burdens on housing development.

Transcript Highlights:

• industrial bank or industrial loan industrial bank or industrial loan company<00:42:03.040> has
• emergency loan program. emergency loan program.
• We call it a revolving loan fund because even while those loans are going to be pushed out and pushed
• out and file on a UCC on small loans. out and file on a UCC on small loans.
• Loan, places like that? Loan, places like that?

Keywords: MS Senate Floor - 12 February, 2026; 9:30 AM, 925, all

Summary: The Senate convened with a quorum present, dispensed with the reading of the journal, committee reports, and bill titles, and heard an invocation and pledge. The early portion of the meeting focused on recognizing recipients of the 2026 Governor’s Arts Awards. The Senate adopted resolutions honoring Greg Harkins for excellence in traditional craft, Jesse Robinson for lifetime achievement in blues music, Heather Christian for excellence in music composition, the Mississippi Symphony Orchestra for excellence in performing arts, and Dorothy “Dottie” Armstrong for excellence in art education. The executive director of the Mississippi Arts Commission briefly thanked the senators and invited them to the evening awards ceremony. The chamber also received several announcements and introductions, including recognition of the Mississippi Society of Radiologic Technologists’ Capitol Day and visiting students from several radiologic science programs. There was also mention of an out-of-order resolution commemorating the 155th anniversary of Alcorn State University, though no action on it was detailed in the excerpt. On the calendar, the Senate took up Senate Bill 2915, which concerns alcoholic beverages, native wine retail permits, and festival permits. The bill was explained as a measure to support Mississippi’s native wineries by allowing free-standing tasting rooms in different parts of the state while maintaining tax collection; a committee substitute and a friendly amendment were adopted, and the bill passed by use of the morning roll call. The Senate then began consideration of Senate Bill 2828, the Money Transmission Modernization Act, which would impose transaction fees, create a Law Enforcement 287G Program Fund, provide an income tax credit for fees paid, and revise licensing and control definitions. After objections to the usual motion, the bill was read at length, but the excerpt ends before final action on that measure.

Transcript Highlights:

• and support the new information technology solution, HCD Connect, for monitoring and management of loan
• tell us how the public can access that program on student loans?
• As I know, most of us have constituents that are really struggling with student loans, and any type of
• Student loans and any type of support could mean a lot to them.
• Thank you so much. student loans and any type of support could mean a lot to them.

Summary: The Assembly Budget Subcommittee No. 5 on State Administration heard a series of budget change proposals and trailer bill items, beginning with Housing and Community Development (HCD) requests. HCD sought permanent authority for seven existing temporary positions to support the HCD Connect IT system, and a separate proposal to fund implementation of eight 2025 housing-related laws with $4.2 million General Fund and 16 positions, plus $470,000 one-time General Fund. Members asked about how HCD Connect would interact with programs moving to the new Housing Development Finance Committee, and HCD also explained that the estimated cost to implement AB 1053 had been revised downward from about $6 million to $1.9 million because of shared implementation with CalHFA and the new committee structure. The committee also heard a Cal ICH proposal for $339,000 one-time General Fund to implement AB 678 on LGBTQ+ inclusive and culturally competent homelessness services, with testimony emphasizing data gaps and the need for a contract-based approach because HMIS cannot be changed unilaterally. The Department of Financial Protection and Innovation presented three continuation proposals: $15.34 million and 53 positions for the California Consumer Financial Protection Law program, $13.5 million and 51 positions for the Debt Collector Licensing Act program, and $49,000 ongoing for two positions in the broker-dealer/investment adviser education program. Members and the public raised concerns about the size and fairness of debt collector assessments and licensing fees, while DFPI explained the pro rata fee structure, the current license count, and how larger assessments fall on larger firms. Public testimony also supported retaining funding for the Student Loan Empowerment Network and requested funding for a franchise broker registration program. The committee also considered a mandate item involving suspension of a disclosure requirement related to property taxation, and trailer bill language from the Government Operations Agency to amend AB 91 on MENA demographic data collection, with the administration emphasizing data nondisclosure, protection of federal funding, and delayed implementation. The Secretary of State’s office then presented Help America Vote Act funding requests: $10.3 million for VoteCal maintenance and operations and $4.492 million for HAVA spending plans supporting voter education, training, accessibility, auditing, and county assistance. The office also requested $660,000 General Fund to implement AB 1392, which would make voter registration information for elected officials and candidates confidential, and explained the need to modify VoteCal and county election systems. The committee also heard requests to continue the Cal-Access Replacement System with $11.8 million General Fund and to continue the Notary Automation Program Replacement Project with $9.75 million from the Business Fees Fund. Members asked about total project costs, testing, data migration, and the expected November 2026 go-live date for Cal-Access replacement. Votes were taken on the vote-only items once quorum was established, and the committee approved the items considered. The final informational item was an overview from the California Arts Council, which highlighted the agency’s 50th anniversary, its statewide grantmaking, and the economic impact of arts funding. Council staff described Creative Corps, cultural districts, and the role of arts funding in local economies, while members and public witnesses urged increased support, including a request to raise local assistance grant funding to $50 million and to provide additional funding for cultural districts. Testimony emphasized the arts as economic infrastructure, community infrastructure, and a source of civic and cultural vitality across California.

Transcript Highlights:

• Established in 1996, the charter school revolving loan fund provided low interest loans up to $250,000
• The loan program does not encourage or discourage charter schools.
• The loan program does engage and whether a charter school should exist. Excuse me, does not.
• from the Charter School Revolving Loan Fund.
• What amount of disbursement was there through the loan fund in the last two years?

Keywords: 988, house, all

Transcript Highlights:

• members, Senate Bill 845 relates to the eligibility of social workers for the Homes for Texas Heroes Loan
• This program provides down payment assistance as a grant or as a forgivable second lien loan to eligible
• Therefore, they would need to meet the qualifications for a mortgage loan.
• A standalone loan election to sell or repurpose this parkland is costly to our citizens.
• Well, like we noted, stock values of insurance companies and savings and loan associations.

Bills: SB250, SB375, SB536, SB845, SB1633, SB1944, SB1957, SB2081, SB2137, SB2262, SB2299, SB2419, SB2452, SB2522, SB2549, SB2594, SB2605, SB2631, SB2639, SB2675, SB3029, SJR60, HB22, HB1392, HB2525, HB22

Keywords: municipal annexation, railroad, adjacent areas, local government, property rights, healthcare provider, Harris County Hospital District, hospital funding, healthcare services, public health program, home loans, nurses, veterans, public servants, Texas Heroes program, low-interest loans, social workers, housing assistance, SB 1633, Texas Tax Code