Transcript Highlights:

• We have also kept them informed and are getting them up to speed on the significant major construction
• I'm not sure if a lawyer is the best person to answer financial and or construction questions.
• And then David Rep, as our CFO, can also address questions on finance. Let's bring them up. Sure.
• Address questions on finance, let's bring them up. Sure. Yeah, good morning.
• the project, we won't completely wrap up all of the construction costs.

Keywords: 1184, house, all

Transcript Highlights:

• usually we'd go on to the finance usually we'd go on to the finance report,<00:37:55.040> but
• I do not need it in finance and finance.
• ; non-FN bills approved for referral to Finance by today's FN report to the Committee on Finance; and
• the cost of construction by up to 20%. the cost of construction by up to 20%.
• So, finance.

Keywords: 1191, senate, all

Transcript Highlights:

• address offsite construction. address offsite construction.
• them to evaluate off-site construction. them to evaluate off-site construction.
• safety of our construction. safety of our construction.
• to match up with a construction? to match up with a construction?
• . construct. construct.

Keywords: 910, house, all

Transcript Highlights:

• would allow HECO to sell unpaid utility debt collections from broken or impacted Maui families to finance
• costs where the recovery other financing costs where the recovery charge<00:59:32.799> meaning
• broken or inp Maui families to finance broken or inp Maui families to finance this<00:59:47.880>
• for a category five construction for a category five building<01:11:04.600> and<01:11:04.719>
• maybe about two to cost construction maybe about two to four<01:11:11.040> times<01:11:11.360

Keywords: 910, house, all

Transcript Highlights:

• It does not mean that either PSFA nor the Council has looked at their finances and determined that a
• In buildings that are 90 years old, we get a bit of a reset with the new construction.
• My background for the last 30 years of my life is in construction.
• So, PSFA was to ensure that the new construction would not be connected to the new gym in a way that
• This is a position that would support me in finance with some of the higher. Level functions.

Transcript Highlights:

• <00:10:30.079> this reimbursement after construction this reimbursement after construction
• <00:11:06.519> underway so we get this um construction underway so we get this um construction
• I will move that this bill be referred to the Elections Finance and Government Operations.
• I will move that this bill be referred to the Elections Finance and Government Operations.
• I will move that this bill be referred to the Elections Finance and Government Operations.

Keywords: 1183, house

Transcript Highlights:

• <00:21:44.400> in in the late 1960s and Construction in in the late 1960s and Construction
• <00:59:39.559> costs so distant that the construction costs so distant that the construction
• Equipment Incorporated into construction Equipment Incorporated into construction Improvement<01
• not a single one for construction not a single one for construction purposes<01:42:06.000> um
• inadequate uh with cost of construction inadequate uh with cost of construction the<01:43:37.239

Keywords: 1187, senate, all

Transcript Highlights:

• and maintaining elected. ...to reducing the regulatory burden on utility companies when constructing
• Your Committee on Finance has had under consideration Engrossed Committee Substitute for House Bill 487
• Your Committee on Finance has had under consideration Engrossed Committee Substitute for House Bill 487
• Your Committee on Finance has had under consideration Engrossed Committee Substitute for House Bill 4245
• Your Committee on Finance has had under consideration Engrossed Committee Substitute for House Bill 4418

Keywords: 994, senate, all

Summary: The Senate took up a long second-reading calendar of House bills, mostly advancing them to third reading after brief explanations of committee strike-and-insert amendments. Measures discussed included property transfer tax language for quick claim deeds, an FDA drug development trial grant program, aggravated vehicular homicide as a qualifying offense, 529 account definitions, Opportunity Zones, a barber apprentice program, municipal/county expenditures, criminal-record disqualification for professions, civil remedies for unauthorized disclosure of intimate images, online training for estate executors, contempt penalties, PEIA treatment flexibility, PANS/PANDAS, the Respiratory Care Interstate Compact, peer support services, the Youth Summer Employment and Career Readiness Program, cybersecurity program authority, and several others. Several amendments were adopted, including technical or clarifying changes and substantive revisions such as raising contempt fines, adjusting compact background-check language, and adding employer immunity for the youth employment program. The chamber also concurred in House amendments to Senate Bill 945 on pay for Adjutant General employees during a federal shutdown or furlough and Senate Bill 1042 on underground mine ventilation standards. Both bills then passed 32-0, and SB 1042 was made effective from passage by a 32-0 vote. The Senate received and advanced several House-passed supplemental appropriations for Homeland Security, the Adjutant General, Health, the State Road Fund, and Tourism/Revenue. Committee reports moved a number of bills forward, including resolutions to study the eastern gray fox decline and an upland game bird stamp, utility regulation changes, civil service and personnel reform, constitutional carry for 18- to 20-year-olds, E-Verify safe harbor, special education classroom cameras, a camping ban on certain public property, child care, tax efficiency, DUI-causing-death penalties, food regulation, mine subsidence, Medicare supplement guaranteed issue rights, medical cannabis fund allocations, domestic violence prevention, EMS funding, virtual currency kiosk regulation, metallurgical coal tax reduction, foundation allowance changes, workers’ compensation updates, wellness reimbursement programs, education code cleanup, school choice scholarship participation, and virtual instruction for foster students in temporary placement. The Senate then adjourned until 11 a.m. the next day, with committee meeting announcements following.

Transcript Highlights:

• The $15 million is not direct construction costs.
• financing and capital stack. financing and capital stack.
• It's equity to be construction costs.
• applied against the construction loan. applied against the construction loan.
• <00:27:37.600> by So it's so the rest of it financed by So it's so the rest of it financed

Keywords: 912, senate, all

Summary: The joint hearing covered several housing-related measures. On SB 2068, which would create an affordable housing land inventory task force within the Office of Planning and Sustainable Development to study how to maximize housing on transit-oriented development and other state and county lands, testimony was mostly supportive from agencies and housing groups, with one opposition witness. In response to questions, OPSD said it was already working on a list of potential parcels but could not yet identify unit counts or a timeline, and estimated about $250,000 would be needed for staffing and contractual support. The committees also heard SB 2227 on rental assistance, which would require HPHA to make monthly rent supplement payments, prioritize certain tenants including kupuna, allow agreements with counties and nonprofits, and create a special fund supported by a transaction fee on recordings. HPHA supported the bill, and the Department of the Attorney General said it recommended amending the measure to describe the fee as a tax. Additional testimony included support from elder and community organizations and one opposition witness. For SB 2061, relating to residential condominiums and the 99-year leasehold program, HCDA and the project developer testified in support of amendments intended to preserve owner-occupant requirements while making the project more marketable and financially feasible. Members focused heavily on parking, affordability, and financing. HCDA and the developer said the parking stalls would be unbundled from the units, that the project would be a 99-year leasehold with 60% of units reserved for buyers at or below 140% AMI and 40% market-rate, and that the state’s $15 million equity contribution would cover only part of the parking garage and commercial component. The hearing then moved on to SB 3327, relating to HCDA and complete communities, but the transcript cuts off before that measure was fully discussed.

Transcript Highlights:

• It also uses tax abatement and use of tax increment financing districts.
• I'm here to tell you that tax increment finance districts don't work in Missouri.
• It also uses tax abatement and use of tax increment financing districts.
• I'm here to tell you that tax increment finance districts don't work in Missouri.
• In my opinion, this bill is financing on the taxpayer dime.

Keywords: 959, house, all

Transcript Highlights:

• It would be construction." "Vacant property adjacent.
• versus existing construction resulted in the need.
• The Attorney General opinion says you specifically can construct.
• We didn't bring finance people with us today.
• The grocery store is not finished, resulting in significant construction delays.

Summary: The Joint Legislative Auditing Committee first heard a long-running audit finding involving Daytona Beach’s unexpended building permit funds, which have exceeded the statutory limit for several years and were reported at $10.8 million in the most recent audit. Mayor Derek Henry and city staff said the city has analyzed the fund, adopted a corrective action plan, waived more than $5.5 million in permit and inspection fees over several periods, and used some excess funds for a training facility rehabilitation and a proposed City Hall expansion. Committee members repeatedly questioned whether the city was simply trying to spend down the money, raised concerns about the legality and necessity of proposed expenditures, and asked about interest earnings, truck purchases, and the lack of detailed tracking for training-facility use. The city said an Attorney General opinion allows construction of a new building for building-code functions but not purchase of an existing building, and that if the city cannot comply through permissible construction it would have to return the funds. No vote was taken, but members expressed strong frustration and urged the city to resolve the issue quickly and lawfully. The committee then received the Auditor General’s presentation on the Town of Greenville, which found 31 findings and described pervasive control failures, possible fraud, waste, and abuse. The findings covered elections and quorum issues, conflicts of interest, late or missing financial disclosure forms, related-party transactions, poor meeting notices and minutes, council involvement in day-to-day operations, missing ethics training, budget and accounting deficiencies, weak bank reconciliations, improper utility billing and rates, grant compliance problems tied to a grocery store project, personnel and compensation issues involving the town manager, late vendor payments, weak procurement and P-card controls, vehicle-use and property-control problems, public records issues, and IT/fraud-policy weaknesses. The auditor said the review focused mainly on October 2022 through February 2024 but went back further for some grant-related matters. Greenville’s mayor and staff said the audit reflected actions of a previous administration and that the current council and staff have already adopted seven new policies to improve procurement, financial controls, inventory management, grant oversight, and ethics. They said the town has a new manager and clerk, that the former manager was terminated, and that the town referred matters to FDLE, which is investigating. Committee members asked about the manager’s salary increase, severance, P-card use, and whether the town should consider consolidation or dissolution. The mayor said the town is on a better path, that most of the prior leadership has been voted out, and that the town is working with auditors and an outside accounting firm to correct the problems.

Transcript Highlights:

• Department of Finance.
• Department of Finance.
• Department of Finance.
• Department of Finance. Department of Finance. Matthew Perky, Department of Finance.
• Department of Finance. Matthew Perky, Department of Finance.

Keywords: 988, house, all

Summary: The subcommittee met to review May Revision proposals for several departments and emphasized that no votes would be taken that day. The Legislative Analyst’s Office opened with a warning that the state budget is balanced only through one-time resources and still has structural deficits, recommending that the Legislature avoid new ongoing spending and instead preserve reserves and other solutions. The Judicial Council then presented proposals for language access and interpreter services, appellate court security, a backfill to the state court facilities construction fund, and an extension of the lactation-room mandate; Finance supported the language access item with reporting language and supported keeping the court facilities backfill. Members raised concerns about judicial pay freezes, judge vacancies, and uneven judge allocations across counties, and also asked about the cost and completion of courthouse lactation rooms and remote-hearing infrastructure. The Board of State and Community Corrections items focused on $10 million one-time grants for missing and murdered Indigenous people and for a human trafficking vertical prosecution program. The LAO suggested the Legislature consider whether the Tribal Nations Grant Fund could support the MMIP work, while Finance said it preferred General Fund support and wanted more review before any fund swap. On the human trafficking grant, Finance said the need was clear based on reported cases and California’s share of hotline reports. Members strongly supported MMIP funding and discussed whether ongoing funding would be needed beyond the one-time proposal, while also debating whether BSEC or OES should administer the prosecution grants. The Department of Justice presented antitrust litigation funding, Medi-Cal fraud and elder abuse staffing, organized retail criminal enterprise case completion, and a continuous appropriation for the Victims of Consumer Fraud Restitution Fund. The LAO raised concerns about the Unfair Competition Law Fund’s solvency and recommended rejecting that portion unless DOJ could show the fund could support it without General Fund repayment, and it opposed the continuous appropriation in favor of more legislative oversight. Finance said the fund would remain solvent under current projections and defended the continuous appropriation as necessary to pay victims promptly. Members also clarified that the Medi-Cal fraud unit targets providers, not beneficiaries, and asked about delays in restitution payments. A lengthy portion of the hearing covered CDCR’s May Revision package and the Boston Consulting Group cost-savings effort. CDCR described revised savings from workforce optimization, workers’ compensation, and procurement, but members repeatedly expressed frustration that the promised savings had fallen far short of earlier estimates. The LAO recommended deeper cuts to some parole positions, more detail on proposed eliminations and contract changes, and caution about counting unallocated future savings. CDCR also presented population projections showing continued declines and the LAO again urged the administration to close a prison to reduce ongoing costs. The committee also heard proposals on workers’ compensation, Corcoran honor housing, incarcerated firefighter pay, agricultural food purchasing requirements, menopause care, mental health receiver staffing, resource teams, crisis intervention teams, medical classification staffing, and AI note-taking in electronic health records, with the LAO generally recommending limited-term approvals and reporting requirements while Finance defended ongoing funding and said it was open to additional reporting language.

Transcript Highlights:

• That cannot become Texas' long-term financing strategy.
• construction general permit.
• Of course, our employees, our construction managers, are on site.
• 10,000 construction jobs. Are those permanent jobs?
• I want to talk about water during construction.

Keywords: 1184, house, all

Transcript Highlights:

• <01:09:41.920> a<01:09:42.239> capital<01:09:42.799> construction construction a
• capital construction construction a capital construction projects<01:09:44.560> that<01:09:44.679
• all have to go towards the construction all have to go towards the construction and<01:17:37.080
• our finance a portion of our our finance our finance a portion of our our finance Bureau<01:17:59.719
• applications um for our construction applications um for our construction projects<01:38:58.719>

Keywords: 928, house, all

Summary: The Department of Safety presented an overview of highway fund and unrestricted revenue collections, focusing on the Division of Administration, the Road Toll Bureau, and the Division of Motor Vehicles. Amy Newbery explained that the main unrestricted funding sources are highway funds and general funds, with highway fund revenue of about $263 million in FY 2024 and a FY 2025 projection of $261.2 million. She said revenue growth has been modest and has not kept pace with costs, creating structural deficits that required general fund transfers of $50 million in FY 2022-23 and another $10 million in FY 2024-25 to balance the fund. Jennifer Hall described Road Toll operations, including motor fuel tax collection at the distributor level, compliance enforcement, and licensing for fuel distributors, transporters, IFTA carriers, and oil discharge/pollution control. Members asked about IFTA, dyed-fuel enforcement, the possibility of using the state forensic lab for dyed-fuel testing, and whether audit positions had been filled; the department said it recently hired a part-time fuel enforcement officer, still uses IRS testing, could explore lab testing, and had no audit vacancies. Hall also discussed factors affecting fuel-tax revenue, including gas prices, crude oil forecasts, weather, tourism, GDP, and inflation, and said FY 2024 road toll revenue was $127.5 million, above plan, with FY 2025 projected at $127.71 million. The committee then turned to DMV-related revenues. Newbery said motor vehicle registration revenue was $93.1 million in FY 2024 and is projected at $90.4 million in FY 2025, with the state share going directly to the highway fund. Members asked about the state/town fee split, the five-year registration cycle dip, the distribution of registration revenue by vehicle weight category, and the impact of electric-vehicle surcharges; the department said the five-year dip is still occurring and will fade over time, and it would follow up on the weight-category breakdown. The presentation also noted that driver-license revenues have stabilized, inspection revenues remain steady, plea-by-mail revenue was added to the highway fund in FY 2024, and general fund revenues tied to the department are relatively small and have declined as some functions moved to OPLC. No votes or formal actions were taken.

Transcript Highlights:

• So that puts this into being regulated by the Mortgage Finance Authority Housing New Mexico.
• Madam Chair and Representative, so is the 85, how does Mortgage Finance Authority ensure that?
• And the Mortgage Finance Authority regulates that.
• By tying the tax credit to both redevelopment and affordability, this bill helps reduce construction.
• Thank you. construction, you just can't do more of that.

Keywords: 996, all

Transcript Highlights:

• Also through this department, the HRA has set up a revolving construction financing program for small
• has set up a revolving construction has set up a revolving construction financing<00:29:07.519><
• guys guys and gas um and construction guys guys and gas um and construction however<00:45:47.040
• construction persons there um anyway so construction persons there um anyway so that's<00:46:25.400><
• <00:54:56.119> proess those Construction proess those Construction proess M<00:54:58.440><

Keywords: 1187, senate, all

Summary: The committee on Housing and Homelessness Prevention heard presentations focused on public housing and related funding needs, with testimony from Minnesota NAHRO and several local housing authorities. Melissa Taphorn described the role of housing authorities statewide, including public housing, vouchers, CDBG/HOME funds, Bridges, and HEAT, and emphasized that public housing serves over 36,000 low-income Minnesotans, many of whom are seniors, people with disabilities, or children. She said federal operating and capital funds are insufficient, creating deferred maintenance backlogs, and noted that Minnesota’s public housing capital needs over a five-year period were about $500 million, with nearly $200 million unmet. She also discussed federal uncertainty, including a recent HUD funding freeze notice, possible changes to fair housing requirements, RAD repositioning options, and Build America, Buy America costs. Committee members asked about tenant rent calculations and the populations served. Testimony clarified that public housing residents generally pay 30% of monthly income, with utility allowances factored in, and that the average tenant rent in Minnesota is about $399. Members also heard that about 65% of public housing households are seniors or people with disabilities, while about 35% are families. The committee then heard examples of how state POP grants have been used to preserve public housing stock. Kurt Kina of the Red Wing HRA described multiple POP-funded projects that replaced windows, upgraded heating and cooling, and modernized electrical systems in a 100-resident high-rise, saying the work was essential to keep the building viable. Louise Siba of the St. Paul PHA testified that St. Paul’s authority serves nearly 22,000 people through more than 4,200 public housing units and over 5,200 vouchers, with most townhomes and high-rises serving elderly or disabled residents. She said St. Paul PHA has received nearly $16 million in POP funding since 2012, including about $8.5 million last year, and that those funds enabled major life-safety and modernization projects such as the Denan Terrace renovation and boiler, plumbing, and interior upgrades in high-rises. Jill Keers of the Duluth HRA described a broader set of housing programs, including vouchers, rehab loans, emergency repair funds, construction training, and development. She said Duluth HRA is adding 128 housing units between 2023 and 2025, including mixed-income rentals, senior housing, and family townhomes, and stressed that state investment through POP and other programs is necessary to keep housing affordable and safe.

Transcript Highlights:

• Thank you for your time. and using it in construction materials and using it in construction materials
• this year, and would create hundreds of construction jobs.
• Paul city finance<01:40:41.280> director.
• He's going to testify finance director.
• finance director for the city of St. finance director for the city of St.

Keywords: 1187, senate, all

Transcript Highlights:

• . single construction contract that they have.
• doesn't cover the full construction.
• Doesn't cover the full construction.
• Influx of money to finish out the construction.
• So they started the construction; they got another allocation of money from the state to finish the construction

Transcript Highlights:

• <00:04:26.840> and Jr he's our Director of Finance and Jr he's our Director of Finance and
• “We’ve been working with budget and finance and with you all, as well as House Finance, on this for a
• process construction in the construction process construction in the construction process yeah<00
• You got KH to Alamana Construction, KH to Alamana Land, Leeward Construction, or charter.
• You got KH to Alamana Construction, KH to Alamana Land, Leeward Construction, or charter.

Keywords: 912, senate, all

Transcript Highlights:

• Any new construction or reconstruction of a tall public structure in the state of Minnesota ought to
• Any new construction or reconstruction of a tall public structure in the state of Minnesota ought to
• , and post-construction of the land bridge.
• , and post-construction of the land bridge.
• and in the development construction and postc<01:50:25.840> construction<01:50:26.280> of<

Bills: HF192, HF268, HF1214, HF494

Keywords: Minnesota income tax, dependent exemption, personal income tax, tax relief, family tax relief, children, dependents, tax deduction, tax exemption, state revenue, inflation indexing, tax year 2025, taxable income, household tax policy, family tax credit, HF268, Joshua Schmidt Memorial Highway, memorial highway, highway naming, road designation