Transcript Highlights:

• Finance.
• Finance.
• Finance.
• Finance.
• Finance.

Keywords: 981, all

Summary: The Senate convened with a quorum, approved the journal, and received committee and House messages on a large number of bills. Committee reports advanced several measures, including House Bill 1335 from Health and Human Services, House Bills 1281, 1315, and 1255 from Judiciary, House Bills 1345 and 1417 and Senate Bill 139 from Education, Senate Bill 192 from Transportation and Energy, and a number of Appropriations recommendations. The chamber also received House-passed and revisor-transmitted bills, and later laid over the special-order second reading calendar until later in the day. A major floor action was adoption of Senate Resolution 26-009, which proclaimed May 2026 as ALS Awareness Month. The resolution described ALS as a fatal neurodegenerative disease, highlighted the need for research, multidisciplinary care, and support for patients and caregivers, and recognized Colorado ALS advocates and medical professionals. Senators spoke personally about the disease’s impact, including the minority leader’s remarks about his mother’s death from ALS. The resolution passed 35-0, and the current roll call was added as co-sponsors. The Senate then took up third-reading consent calendar bills and passed Senate Bill 186, Senate Bill 188, House Bill 1420, House Bill 1341, House Bill 1015, and House Bill 1423, with recorded no votes on Senate Bill 188 and House Bill 1015. Senate Bill 191, concerning gifts, grants, and donations for nursing-facility reimbursement, was amended on third reading to correct reporting language and then passed 32-3. Senate Bill 125, which would codify disability-rights protections in public schools in response to reduced federal enforcement capacity, generated debate over state responsibility and passed 24-11. Senate Bill 187, creating a commission to study Medicaid and adding managed care entities as stakeholders, passed 31-4 after supporters cited rising Medicaid costs, fraud concerns, and data problems. Senate Bill 189, concerning automated decision-making technology and consequential decisions, was introduced and discussed as an AI-regulation measure, but no final action is shown in the excerpt.

Transcript Highlights:

• Jessica Deichmann with the Department of Finance.
• Finance does note that the University of California recently did inform Finance, the Legislature, and
• Department of Finance.
• Hi, Jessica Dutchman, Department of Finance.
• Hi, Jessica Darchman, Department of Finance.

Summary: The Assembly Budget Subcommittee on Education Finance held an extended hearing focused primarily on University of California budget issues, enrollment, housing, and Title IX. Chair David Alvarez opened by noting the governor’s proposed 8% ongoing General Fund reduction to UC, the deferral of compact funding, and the College of the Law budget item, while emphasizing that no votes would be taken that day. Public commenters, including UC Davis employees and lecturers, urged restoration of UC funding and opposed the hiring freeze, saying cuts would worsen staffing shortages, reduce research capacity, and harm students and patients. On UC core operations, the Department of Finance said the governor’s budget maintains the compact but defers $240.8 million in ongoing support and continues a planned 7.95% reduction, while the LAO recommended rejecting the deferrals and instead making any changes in the budget year. UC San Diego’s chancellor and UC Office of the President argued the cuts and deferrals would create major campus shortfalls, force hiring freezes, larger class sizes, fewer course offerings, delayed projects, and possible layoffs. Committee members questioned whether cuts could be shifted away from students and toward administration, discussed UCOP reserves and bond debt, and noted that UC’s budget structure makes the campus-level impact larger than the headline reduction. The committee also reviewed enrollment trends and nonresident replacement. The LAO said UC resident enrollment has grown and recommended revisiting 2026-27 targets and pausing the nonresident replacement plan if state funding does not improve. UC said it has exceeded California undergraduate enrollment and nonresident replacement goals, but warned that continued growth without funding would force enrollment reductions and harm quality. Members discussed the role of nonresident and international students, tuition rates, and the value of UC as a pathway for California students and a source of talent for the state. A separate housing item covered the state’s Higher Education Student Housing Grant Program. UC reported that recent bond savings could support additional affordable beds at UC Davis and UC Santa Barbara, but the LAO and Finance noted the Legislature would need to decide how to use the $6.2 million in savings from the original projects. The committee also heard a Title IX update from UC’s systemwide civil rights office, which described campus Title IX structures, training, and policy enforcement, and said the system has been working to improve confidentiality guidance and streamline complaint processes after survey feedback showed confusion and lengthy procedures.

Transcript Highlights:

• The Assembly Banking and Finance Committee is now called to order.
• options before the financing provider is ready to present a specific offer.
• That were not regulated under the department's existing financing laws.
• The Assembly Banking and Finance Committee has adjourned.
• Assembly Banking and Finance Committee has adjourned. Banking and Finance Committee has adjourned.

Summary: The Assembly Banking and Finance Committee met to hear several bills focused on consumer and small business financial protections. SB 97, by Senator Grayson, would update and clarify California’s digital financial assets law; supporters from the blockchain industry and consumer groups said it would improve compliance clarity while preserving room to align with possible federal action. The committee passed SB 97 on a due-pass motion to the Privacy and Consumer Protection Committee, with the roll left open for absent members. The committee also heard SB 362, which would strengthen disclosure rules for small business financing by requiring clearer pricing information throughout the marketing process. Supporters said the bill would help small businesses compare offers and avoid harmful financing, while some industry groups objected to the bill’s treatment of communications and APR disclosures during negotiations. After discussion, the committee passed SB 362 to the Judiciary Committee, with several members voting aye and the roll left open. SB 784, a bill addressing predatory home-improvement and solar financing practices, drew extensive testimony. The author and supporters described scams targeting seniors, low-income homeowners, and non-English speakers, and said the bill would add safeguards such as confirmation calls, document access, fee transparency, and longer cancellation periods. Solar industry groups moved to neutral after amendments, while banks and other lenders raised concerns about overbreadth and impacts on legitimate lending. The committee passed SB 784 to Judiciary, with some members not voting or changing votes during the roll call. Finally, SB 825 sought to give the Department of Financial Protection and Innovation clearer authority to enforce existing consumer financial protection laws against its licensees, especially in light of reduced federal CFPB enforcement. Supporters argued California needs independent state enforcement tools, while banking and mortgage groups opposed the bill as duplicative and unnecessary, urging coordination with federal regulators and proposing narrower amendments. The committee passed SB 825 to Appropriations on a due-pass vote, and then adjourned after completing the agenda.

Transcript Highlights:

• Hawaii Housing Finance LLC in support. Hawaii Housing Finance LLC in support.
• you know on the financing and the you know on the financing and the development<00:35:40.480>
• They provide the financing development.
• <00:41:06.079> could that financing could that financing could um<00:41:08.480> as<
• <00:45:27.119> and with reforming some of the financing and with reforming some of the financing

Keywords: 912, senate, all

Summary: The joint committees heard HCR 66, which asks the State Building Code Council to update the state building code to allow point access block construction for residential buildings up to six stories. Testimony was generally in support, including from Housing Hawaii’s Future, the Grassroot Institute of Hawaii, and OPSD, with one registered opponent. No questions were raised, and the joint committee later adopted a recommendation to pass the resolution as is. Because the housing committee lacked quorum at that time, final action on the resolution was deferred to the housing-only agenda. On the housing-only agenda, the committee first heard HTR 78, which states the intent that housing projects qualifying for credits under Act 31 remain eligible for those credits after the act’s repeal. Testimony was in support from HHFTC and the DIY chapter, and there were no questions or opposition noted. The committee then took up Governor’s Message 592, confirming Lisa Darcy to the HPHA board. Support came from HPHA board members and several individuals, and Darcy said she accepted the nomination and emphasized her experience and interest in HPHA’s work. Members questioned her about the HPHA board’s oversight role, the 10,000-unit RFQ, and media coverage of Kuhio Park Terrace relocations; she said she supports the project, values transparency, and would push for better context and accountability, though some members felt she had not directly answered concerns about on-the-ground oversight. The committee also heard Governor’s Message 736, confirming Grant Chun to the HHFDC board. Support testimony highlighted his experience in nonprofit housing, real estate, and leadership roles, and Chun said he was pleased to serve the state. Members asked about his residence and his perspective on senior care at Hali Makua, where he said his family found the care compassionate and thorough, while noting staffing shortages. The transcript ends before any final vote on the housing-only items is shown.

Transcript Highlights:

• Department of Finance? Justin Adelman, Department of Finance.
• As now we move to Department of Finance. Alyssa Cervantes, Department of Finance.
• Garcia, Department of Finance, and Phil Osborne, Department of... of Finance.
• Department of Finance? Lenny Shimoto, Department of Finance.
• Department of Finance. Alyssa Cervantes, Department of Finance.

Keywords: 988, house, all

Transcript Highlights:

• <00:03:38.480> like happen but for the use of financing like happen but for the use of financing
• own, and then they’re reimbursed over time for the cost that they finance.
• <00:18:38.000> the the note holder or the um finances the the note holder or the um finances
• anticipated and and what the financing anticipated and and what the financing is<00:29:16.399>
• <00:43:12.599> uh<00:43:13.359> light finance uh light finance uh light correction<00:43

Keywords: 1187, senate, all

Summary: The Minnesota Senate Taxes Committee met on February 6, 2025, and first approved the February 5 minutes. The main item was the Office of the State Auditor’s annual report on tax increment financing (TIF), presented by Jason Nord in place of Auditor Blaha, who was ill. Nord explained how TIF captures new property value to finance development, and reviewed statewide data for 2023 reported in 2024. The report said TIF was used by 382 authorities statewide, with 378 authorities reporting on 1,678 districts. Redevelopment and housing/economic development districts made up the vast majority of districts, with housing districts becoming especially common in Greater Minnesota. Of the $238 million in tax increment generated in 2023, 78% came from the metro area, and most dollars came from redevelopment districts. The report also noted $7.4 million in increment returned to counties, cities, and school districts, and described long-term trends showing early growth in TIF use, reforms in the 1980s and 1990s, a drop after 2002 property tax changes, and another decline after many older districts reached maximum duration. Committee members asked about uncodified districts, the location of the remaining pre-1979 district, whether the same cities continue using TIF over time, and how Minnesota compares with other states. Nord said the uncodified districts include housing replacement and special-law districts, the pre-1979 district is in Princeton, and the number of authorities starting or stopping use each year is usually small. He also said Minnesota differs from many states, including by allowing pooling. The presentation highlighted that TIF debt statewide is a little over $1.8 billion, mostly in pay-as-you-go notes rather than general obligation bonds, and that many districts decertify early—often years before their maximum term—supporting the chair’s interest in legislation to shorten redevelopment district duration and repeal renewal and renovation districts. No votes were taken on the report.

Transcript Highlights:

• They're focused on marketing, finance, hospitality, and management.
• Senate Bill 62, do pass, thence referred to the Finance Committee.
• Senate Bill 99, do pass, thence referred to the Finance Committee.
• Finance Committee. Respectfully submitted, Senator Shannon D. Pinto, Chair. Senator Soules.
• Senate Bill 55, do pass, thence referred to the Finance Committee.

Keywords: 996, all

Transcript Highlights:

• Then it comes over to the Finance Authority for the underwriting and loan administration.
• Then, the loans will be administered by the Finance Authority staff.
• Finance Authority offers below market financing in its programs; that's one of the reasons we exist.
• We provide the financing that our.
• Authority, and then the Finance Authority will evaluate it for the ability...

Transcript Highlights:

• It does not remove the personal finance graduation requirement.
• It does not remove the personal finance graduation requirement.
• When a state allows embedding personal finance, only 39% do.
• I only have knowledge of AP Business with Personal Finance, and yes, AP Business with Personal Finance
• course as well as our full-year personal finance course.

Keywords: 987, senate, all

Summary: The committee heard SB 1067, which would require annual math screening for students in kindergarten through second grade beginning in 2028-29 to identify early numeracy difficulties and connect students to evidence-based support. Senator Weber and supporters, including EdVoice and UC Davis researcher Dr. Charles Wilkes, argued that California’s math outcomes are too low and that early screening is a quick, developmentally appropriate tool that would not mandate curriculum or high-stakes testing. Opponents, including the California Mathematics Council, county superintendents, and CTA, said the bill adds a mandate without funding, could narrow instruction, and may lead to premature labeling or deficit-based thinking. Committee members discussed how the screeners would work and whether they would identify disabilities or simply flag students needing further assessment; the bill was left on call due to lack of quorum at the time of the hearing. SB 1110 was also presented as a child care subsidy administration measure that would stabilize funding for alternative payment programs and better distinguish administrative overhead from direct family services. Senator Becker and witnesses from the Child Care Resource Center and Every Child California said the bill would help providers manage enrollment, compliance, staffing, and payment timelines as the state transitions to enrollment-based funding. No opposition testimony was offered, and the bill received a favorable committee comment, but no vote was taken because quorum had not yet been established. The committee then heard SB 1374, which would allow public higher education institutions to seek temporary restraining orders on their own behalf when they face credible threats of violence not directed at a specific person. CSU and San Diego State University representatives described incidents where threats against a campus could not be addressed through current restraining-order law, and said the bill would close that gap and improve campus safety. There was no opposition testimony, and the bill was left on call pending quorum. Later, the committee discussed SB 1321, which would direct the State Auditor to review remedial education and student preparedness at selected UC and CSU campuses after a UC San Diego report showed a sharp decline in incoming students’ math preparation. Supporters, including the author and a community college union representative, said the audit would help identify the scope of basic-skills gaps and inform policy. Some members raised concerns about bypassing the usual audit-request process, but the bill was placed on hold for absent members. The committee also heard SB 1086 on microschools, which would direct model ordinances and statutory definitions for these small learning settings; after extensive questioning about definitions, oversight, and local land-use issues, the bill was moved on a do-pass motion to Senate Appropriations and placed on call. Finally, SB 1181 was presented as a limited pilot program to allow Central Valley schools to communicate with regional threat assessment centers about credible safety concerns, with the author and a victim’s mother describing it as a prevention tool after a student homicide; committee members expressed support for stronger coordination and guardrails, and the bill was discussed further as the hearing continued.

Transcript Highlights:

• What is TLF, or third-party litigation financing?
• So what litigation financing is, is it just finances the litigation.
• <00:46:29.440> the is it it is just that it finances the is it it is just that it finances
• <00:50:10.960> you're so um you're really financing you're so um you're really financing you're
• those legal fees excuse me financing those legal fees excuse me financing fees<01:01:23.039>

Keywords: 928, house, all

Summary: The committee heard testimony on HB 733-FN, a bill concerning third-party litigation financing (TPLF). Representative Cole, the prime sponsor, described TPLF as outside investors funding lawsuits in which they have no personal stake, arguing that the practice is largely unregulated, can involve foreign entities, increases litigation abuse, and contributes to higher insurance and consumer costs. He said the bill is modeled on an NCOIL proposal and would require disclosure of TPLF agreements, with guardrails and reporting requirements on specified pages of the bill. He also noted a couple of drafting fixes, including adding the word “knowingly” and incorporating a missing section later. Members raised questions about the bill’s foreign-entity language, especially the provision allowing a governor or the Department of Safety to designate a country as a threat to critical infrastructure. Representative Cole said he would have lawyers review that issue. Another member asked whether the bill would prohibit a party from obtaining outside funding for a lawsuit; Cole clarified that the bill is intended as a reporting measure, not a ban, and that disclosure would be required. He also said the bill is aimed at American citizens rather than foreign-backed financing, and that some states had considered caps on such arrangements, though this bill does not. Brandon Gratz of the Attorney General’s office testified that the enforcement language appears too limited, because it would allow only civil penalties and not broader Consumer Protection Act remedies such as injunctions or restitution. He suggested the Attorney General may not have meaningful authority under the bill as written and raised possible insurance-law issues. Commissioner D.J. Benton-Court of the Insurance Department said the disclosure could help insurers better assess risk and potentially soften the hard insurance market by improving transparency, competition, underwriting, innovation, and claims management. He also said the bill likely needs further work on jurisdiction and enforcement, and that the committee may need to coordinate with the Attorney General, Insurance Department, and possibly banking regulators. No vote was taken in the portion provided.

Transcript Highlights:

• So we'll look for a motion to report to finance.
• We'll have a motion to finance. I've got a motion from Senator Jackson.
• For a motion to report to finance. Any questions or discussion?
• to finance.
• This bill is reported to finance in 2004 and 2025 but once again be looking for a motion report to finance

Keywords: 993, senate, all

Summary: The Senate Housing, Construction, and Community Development Committee met on February 25 and took up a series of housing-related bills, many of which had previously passed the Senate or been reported by the committee in prior sessions. Measures advanced included bills on NYCHA utility accountability, a small rental housing development initiative, uniform waiting list priorities for domestic violence survivors, protections for dependent children named in eviction papers, expansion of veterans’ housing preferences, inclusion of illegal conversions in the definition of harassment, repeal of obsolete rent formula language, inspection of major capital improvement rent increases and rent stabilization extensions, a community land trust acquisition fund, and an affordable independent senior housing assistance program. Most were reported to finance, Codes, or the floor, typically with some minority negative or “without recommendation” votes noted. The committee then returned to Senate Bill 6718B, sponsored by Senator Jackson, which would eliminate certain surcharges landlords may charge when tenants install appliances in rent-regulated housing. A guest speaker, Mr. Umberto Lopez, argued the bill would further squeeze landlords, especially small property owners, and warned that rising costs and regulation could lead to more units being taken off the market or “warehoused.” Committee members asked about the bill’s practical effect, including whether tenants could install appliances only with landlord approval and how current surcharge amounts are calculated for air conditioners, washers, dryers, and dishwashers. The chair explained that the bill would remove the ability to charge those existing fees, which are intended to cover wear and tear and utility-related costs. After the discussion, the committee voted to report S6718B, with minority negative votes recorded. The chair also noted an upcoming housing budget hearing later that day and repeatedly emphasized time limits during the meeting.

Transcript Highlights:

• I think we all know we have significant public financing entities. We have...
• I think we all know we have significant public financing entities.
• The financing structure.
• First, continuing to increase the availability of financing.
• Second, continuing to streamline regulation and financing.

Summary: The committee heard testimony on several housing-related proposals and policy ideas. One speaker urged changes to the welfare property tax exemption for affordable housing, arguing that annual income recertifications are outdated and burdensome, and proposing a one-time qualification at move-in, streamlined monitoring through TCAC or HCD, and continued exemption protection for projects that remain in compliance. The witness said rising insurance costs and administrative burdens are hurting cash flow and threatening the viability of affordable housing operations. A major portion of the meeting focused on social housing and the SB 555 study. HCD described its ongoing study process, including public engagement with residents, practitioners, and experts, and noted that California already has many building blocks for social housing, such as public land tools, long-term affordability mechanisms, community land trusts, and tenant protections. Community land trust and housing policy witnesses argued that social housing will require legislative action, expanded public subsidy, tax abatements, public land, and simplified financing, and they emphasized the need to reframe the concept for the “missing middle” and middle-class households to build broader political support. Committee members discussed stigma around “social housing,” the need for a rebrand, and the possibility of a pilot program, especially on excess public land. The committee also heard a proposal for a certified professional plan-check system modeled on Vancouver, Canada. The presenter said California’s permitting delays, inconsistent reviews, and staffing shortages add cost and uncertainty even for streamlined projects, and proposed allowing state-certified private professionals to perform plan checks and inspections under state oversight while local governments retain zoning and enforcement authority. Members discussed local control concerns, infrastructure costs, and the need to reduce delays and uncertainty in the entitlement process. Finally, the committee heard testimony supporting changes to HCD loan disbursement so funds can be used during construction rather than only after completion. Witnesses said this would reduce interest costs, improve feasibility, and could produce additional affordable homes with existing funding. The discussion also referenced AB 1053 as the vehicle for implementing that approach.

Transcript Highlights:

• and bond financing, right?
• So that's the aggregate and the nature of housing finance, and that's why we talk about gap financing
• The California Housing Financing Agency which will focus on continuing providing financing tools for
• which will be focused on affordable housing finance for the state and a housing development finance
• Finance Committee as well.

Keywords: 988, house, all

Transcript Highlights:

• Jessica Deitchman with the Department of Finance.
• Alex Anablaskis with the Department of Finance.
• Finance does note that the University of California recently did inform finance, the legislature, and
• Department of Finance?
• But we remain optimistic that the Department of Finance will proactively seek solutions. final finance

Keywords: 988, house, all

Transcript Highlights:

• Melody Jimenez with the Department of Finance.
• Melody Jimenez with the Department of Finance.
• Melody Jimenez with the Department of Finance.
• Shadi Narrate, Department of Finance.
• Ethan Strider with the Department of Finance.

Summary: The committee heard an update on the administration’s Career Education Master Plan and the new California Education Interagency Council. Administration and agency staff described efforts to better connect K-12, higher education, workforce, and data systems, including the California Cradle to Career Data System, e-Transcript California, and a proposed career passport. They emphasized regional coordination with workforce boards and community colleges, and said the new council’s immediate tasks are to hold its first meeting by the end of June, enter into a data-sharing MOU, and complete a strategic plan by the end of November. Members asked about the council’s authority, reporting requirements, and how it would relate to the broader Master Plan for Higher Education; staff said the council will make recommendations but does not have implementation authority. The committee then took up the Governor’s proposed $100 million one-time expansion of dual enrollment grants and related changes to instructional minute requirements. Finance and the Department of Education said the proposal would support middle college, early college, and CCAP programs, add technical assistance, prioritize high-need LEAs, and reduce the minimum instructional day for certain dual enrollment students from 240 to 180 minutes to ease scheduling barriers. The Chancellor’s Office strongly supported the investment, citing access, acceleration, and equity benefits, while the LAO recommended rejecting the funding, arguing the state already provides ongoing support and that the proposal does not address major barriers. Members raised questions about adult learners, A-G alignment, reporting on outcomes and expenditures, rural access, transportation, staffing, and whether the funding would create lasting program capacity. The item was left open after discussion. The committee also considered trailer bill language to align the definition of long-term English learners across data systems. Finance and CDE said the change would simplify identification by defining LTELs as students who have not attained English proficiency within seven years and RTELs as students not proficient within six years, matching the dashboard and research-based timelines. CDE said the current mismatch between dashboard and assessment definitions creates confusion and delays, while some members and advocates worried the change could reduce earlier intervention or should be handled through policy committees rather than the budget process. The committee voted to reject the proposal and refer it to policy, though the administration said it still supports the budget language. Finally, the committee heard a proposal to extend the Supporting Inclusive Practices project by one year, through June 30, 2027. CDE said the project is promising but raised concerns about the contract structure and fiscal management, while Marysville Joint Unified School District testified that SIP had helped expand inclusive preschool and district-wide practices and reduce reliance on more restrictive placements. Members questioned why funds had not been fully encumbered and whether the remaining money should be redirected to areas with greater implementation need. The item was discussed but no final action was described in the excerpt.

Transcript Highlights:

• The bill is reported to finance. Senate Bill 699-31A by Senator Harcum.
• The bill is reported to finance. Senate Bill E2 and 91 by Senator Sanders.
• Bill is reported to finance. Finally, our last bill is Senate Bill 9855 pay by Senator Mayor.
• Okay, the bill is reported to finance. This concludes the legislative business of our meeting.
• Bill is reported to finance. Finally. Our last bill is Senate bill 9855 pay by Senator Mayor.

Keywords: 993, senate, all

Summary: The Senate Committee on Procurement and Contracts met for its second meeting of the 2026 session, with Chair Jeremy Zellner noting a quorum and welcoming members. The committee took up a series of procurement- and contracting-related bills, including measures on reciprocal MWBE certification, liability and design professionals, minority and women participation in state contracts, waste diversion planning by state agencies, breaking public contracts into smaller sizes to increase small business participation, expanded construction mentorship opportunities, service-disabled veteran-owned business participation goals, and contract fee/requirements for agreements between state agencies and nonprofit organizations. The discussion in the transcript was brief, with no substantive debate recorded. Members generally moved each bill and seconded the motions, and the chair called for votes. Most bills were reported out of committee either to the calendar or to finance, with members voting in favor and a few recorded as “without rec” or individual ayes noted. No bills were defeated. At the end of the meeting, the chair reminded members to complete their voting sheets and then entertained a motion to adjourn. The committee approved adjournment and the meeting concluded.

Transcript Highlights:

• Policy and be re-referred to the Committee on Elections, Finance and Government Operations.
• Finance and Government Operations.
• and be re-referred to the Committee on Human Services, Finance and Policy.
• re-referred to the Committee on Children and Families Finance and Policy.
• This bill is an appropriation to the Campaign Finance Board, so it should be within the Election Finance

Transcript Highlights:

• germane to the following Senate committee substitute for committee substitute for House Bill 381, Finance
• And our House Finance Committee did some great work, and I think it's really important to this body.
• amended, thus adopting Senate committee substitute for House Bill 381, finance amended?
• Committee substitute for Committee substitute for House Bill 381 Finance amended Senate.
• It will also be referred to the Finance Committee.

Summary: The House convened with a quorum, opened with prayer and the Pledge of Allegiance, and approved the journal and the prayer for the record. The clerk read gubernatorial messages calling the legislature into a third special session and describing the call around House Bill 381, a major natural gas project bill addressing property taxes, municipal taxes, AGDC, reporting requirements, contract approval, an alternative volumetric tax, municipal impact grants, and related provisions. Messages from the Senate reported passage of a Senate-amended version of HB 381 and transmission of Senate Concurrent Resolution 203 to suspend certain rules related to the bill. The House introduced HCR 301 and HCR 302. HCR 301, which suspends rules on carryover of bills into a special session, passed 40-0. The House then took up the Senate amendments to HB 381. The Majority Leader outlined the Senate changes, including new school funding provisions, reorganization and oversight of AGDC funds, a public project dashboard, stricter bond approval requirements, a heating fuel assistance fund, changes to the alternative volumetric tax structure and distribution of revenues, a permanent rather than sunsetted tax break, new deadlines tied to final investment decision and construction, and a new graduated income tax on certain pass-through entities. He urged members to vote no on concurrence, and the House rejected concurrence 12-28. Because the House did not concur, the Speaker appointed a conference committee on HB 381 consisting of Representative Schrage, the Majority Leader, Representative Edgmon, and Representative Ruffridge. HCR 302, authorizing the House and Senate to recess for more than three days, passed 40-0 after members stated the recess was intended to allow conference negotiations to continue and that the body would return on a time certain. The House also received two governor-request bills, HB 3001 and HB 3002, both referred to the Finance Committee. The House then excused several members for specified absences and adjourned until July 1 at 10:30 a.m.

Transcript Highlights:

• The Early Banking and Finance Committee is now called to order.
• options before the financing provider is ready to present a specific offer.
• Smith on behalf of the Secured Finance Network.
• Regulated under the department's existing finance licensing laws.
• The Assembly Banking and Finance Committee has adjourned.

Keywords: 988, house, all

Transcript Highlights:

• I move that this bill will be referred to the Committee on Finance.
• So, I'm from Randolph. second reference of this bill to finance.
• Be referred to the Committee on Finance.
• Four in favor of moving the bill to Finance.
• Senator from Randolph moves to have a second reference of House Bill 4419 to Finance.

Keywords: 994, senate, all