Transcript Highlights:

• My name is Seth Colby, Director of Budget and Finance.
• Uh the department of budget and finance.
• > this<00:12:47.600> this and finance supports this this and finance supports this this
• Seth Colby from the Department of Budget and Finance in support.
• Seth Colby from the Department of Budget and Finance in support.

Bills: SB2119, SB3131, SB3069, SB3180, SB2137, SB2993, SB2778, SB2672, SB2014, SB2967

Keywords: reimbursement, public employees, travel costs, government travel policy, finance management, job title, administrative assistant, executive assistant, state personnel, civil service, modernization, employment standards, DAGS, Department of Accounting and General Services, comptroller, civil service exemption, collective bargaining exemption, public works special project branch, specialized public works, information technology modernization

Transcript Highlights:

• We're not working to make the development richer; what we're trying to do is simply get it to a financeable
• So the GPLET allows its rate of return to increase by 1% to 2%, which lets financing take place.
• That allows its rate of return to increase by 1% to 2%, which lets financing take place and lets these
• The other states use a tool called tax increment financing to cause redevelopment to happen.
• I think as it relates to their contribution feeding into all the other various silos and school finances

Bills: SB1090, SB1293, SB1414, SB1429, SB1503, SB1536, SB1633, SB1724, SB1764

Keywords: savings and loan, technical correction, Arizona Revised Statutes, financial institutions, prohibitions, GPLET, abatement, tax incentives, local government, property improvement, central business district, insurance, settlement demands, time limits, third-party claims, regulatory compliance, initiative, referendum, ballot measures, petition circulators

Summary: The committee first approved the February 2, 2026 minutes and held Senate Bill 1090. It then heard Senate Bill 1503, which would require pension fiduciaries and proxy advisory firms to act solely in the economic interest of plan participants and beneficiaries, prohibit ESG- or ideology-based voting, require disclosures and economic analyses in certain cases, and authorize attorney general enforcement. The sponsor said the bill was meant to protect investors and align with federal action. Testimony was mixed: a policy witness supported the bill, while representatives of ASRS and PSPRS said they were neutral but raised concerns about added costs, operational burdens, reporting requirements, possible conflicts with existing fiduciary duties, and increased litigation risk. After debate, the committee voted 4-3 to give SB 1503 a do-pass recommendation. The committee then considered Senate Bill 1293, which would prohibit GPLET school-district revenues from being abated during the eight-year abatement period. Supporters argued the bill would protect school funding and reduce state aid backfill costs, and a Goldwater Institute witness said it would also reduce gift-clause concerns by limiting subsidies that shift costs to other taxpayers. City and economic development representatives from Phoenix, Mesa, and the Greater Phoenix Economic Council opposed the bill, saying GPLET is an important redevelopment tool that helps finance projects in urban cores and that the change would reduce its effectiveness and slow revitalization. The committee adopted an amendment and then passed SB 1293 on a 4-3 vote. Next, the committee heard Senate Bill 1414, which gives insurers 30 days to review and respond to third-party settlement demands in bodily injury claims. Insurance representatives supported the bill as a commercially reasonable timeframe, while the Arizona Trial Lawyers Association opposed it, arguing that 30 days would become a minimum and could delay settlements for injured claimants; members discussed a possible 15-day compromise. The committee passed SB 1414 by a 5-2 vote. It also passed Senate Bill 1633, which creates an income tax subtraction for capital gains from the sale of a primary residence after a five-year residency; opponents warned it would mainly benefit wealthy homeowners and cost the state tens of millions annually, while the sponsor said it could help housing turnover. Finally, the committee passed SB 1429, as amended, allowing Senate and House leaders to designate board members for the Arizona Commerce Authority, SB 1536, which lets municipalities consolidate multiple street-light improvement districts, and heard SB 1724, which clarifies when property splits or consolidations trigger a limited property value recalculation to prevent tax-base manipulation.

Transcript Highlights:

• none of which needed additional tax levies to pay debt service, reported upcoming debt issues to finance
• new upcoming debt issues to finance new projects.<00:02:30.800> The<00:02:30.959> school
• Next is the Finance and Administration Cabinet, Finance Facility Support, Green Bank Energy Savings Performance
• Next is the finance and administration Next is the finance and administration cabinet<00:08:02.720>
• uh finance facility support cabinet uh finance facility support green<00:08:04.560> bank<00:08

Keywords: 00:01 Call to Order and Roll Call 01:49 Approval of Minutes 02:06 Information Items 03:48 Project Rpt from Finance and Admin Cabinet 14:38 Lease Rpt from Finance and Admin Cabinet 18:50 OFM – Ky Infrastructure Authority 26:40 OFM – Cabinet for Economic Development 31:50 Office of Financial Management 40:40 Remaining 2025 Meeting Dates 41:25 Adjournment, 958, all

Summary: The meeting opened with prayer and a quorum call, then the committee approved the prior meeting minutes. Staff reported several informational items, including University of Kentucky medical and research equipment purchases, school district debt issues, leasehold improvements, and Kentucky Community and Technical College System bond allocations. The committee then approved a line-item appropriation increase of $350,000 in federal funds for the Department of Fish and Wildlife Resources’ Cumberland Forest Conservation Program, along with two Department of Military Affairs projects: the Ashland Readiness Center window replacement and the MATES HVAC replacement at Fort Knox. It also approved four larger maintenance-pool projects without further action: HVAC and smoke evacuation work at the Kentucky State Penitentiary, HVAC and hot water tank replacements at Oakwood, a Green Bank energy-savings performance project across state facilities, and roof replacement at Lake Barkley Lodge. Members asked about the prison project, the roof procurement process, and whether minority-owned firms receive special bidding preference; staff said capital projects are awarded through open low-bid procurement with qualification and warranty requirements, and that minority participation is preferred but not a bidding criterion. Two lease modifications were approved for Franklin County agencies: an expansion and renovation for the Auditor of Public Accounts and a downsizing and renovation for the Kentucky Workers Compensation Funding Commission. The committee also approved Kentucky Infrastructure Authority items, including a Monticello sewer loan, several Cleaner Water Program grants and reallocations, and a House Bill 1 water grant that required no action. Members questioned engineering costs and were told the KIA board reviews technical details and anomalies before approval. Finally, the committee approved six economic development grants: one EDF grant for V Simple in Jefferson County and five KPDI EDF grants for projects in Breckinridge, Erlanger, Todd, and Washington counties. The last action item was approval of Western Kentucky University’s up-to-$10 million general receipts revenue bond issue for athletic facilities. An informational Kentucky Housing Corporation multifamily bond item prompted concern from members about rising per-unit costs for affordable housing, and they requested further explanation from the housing corporation at a future meeting.

Transcript Highlights:

• We will begin with the spreadsheet for the state government finance.
• through the campaign finance article. through the campaign finance article.
• Next we have the A8, which is the campaign finance board technical fix and date changes.
• board at the governor's finance board at the governor's recommended<00:38:44.160> level.
• There is a $760,000 one-time appropriation to the Campaign Finance Board for litigation expenses.

Keywords: 1183, house

Transcript Highlights:

• At that time, New Hampshire Housing Finance Authority was the buyer.
• <00:36:10.760> Authority Hampshire Housing Finance Authority Hampshire Housing Finance Authority
• . ...the town of Effingham and the New Hampshire Housing Finance Authority will be first offered the
• The town of Mount Vernon and the New Hampshire Housing Finance Authority will be offered the property
• Authority will be offered the Finance Authority will be offered the property first<00:42:03.599>

Keywords: 928, house, all

Summary: The Long Range Capital Planning and Utilization Committee met in organizational session and first elected Representative John Cluder as clerk. A nomination of Senator Mark Makoni as vice chair was made but not voted on because he was absent; it was carried over to the next meeting. The committee also reviewed its guidelines and procedures, including how it handles property-disposal requests, late items, and informational materials, and then approved the November 12, 2024 minutes with one abstention from a member who had been absent. The committee then considered several state property and lease requests. It approved a 50-year, $1-per-year ground lease for about 5.66 acres at Berlin Regional Airport in Milan for a New Hampshire Army National Guard hangar/support facility, after hearing that the project is federally funded, intended for training and search-and-rescue support, and would have no permanent full-time staffing. The committee also approved a 30-year lease for the Department of Justice to move the chief medical examiner’s offices, morgue, and autopsy suite to 279 Pleasant Street in Concord, with testimony that the current Concord Hospital space is inadequate and that the new site would double body-storage capacity. Several Department of Safety and Department of Transportation property items were approved as well. Safety received approval for a 10-year lease, with renewal options, for the State Police aircraft hangar at 91 Airport Road in Concord. Transportation was authorized to continue disposal efforts for remnant parcels in Concord, Conway, Lisbon, Effingham, and Mount Vernon, with testimony explaining market conditions, appraisals, access limits, and easements; members asked questions about access and buildability, but each item was approved. During the Berlin lease item, the committee was told the FAA objects to any lease longer than 50 years at that airport, so the request was revised from 55 years to 50 years on the record before approval.

Transcript Highlights:

• The Committee on Ways and Means, to whom was referred House Bill 5279, an act financing long-term improvements
• Second reading of the bill: An act financing long-term improvements to municipal roads and bridges, House
• The clerk will read the third reading of the bill: An Act Financing Long-Term Improvements to Municipal
• members, I rise in support of the Transportation Funding Bill before you today, House 5375, An Act Financing
• We use our tools wisely, we align our financing structures with long-term stability, and we make choices

Keywords: 995, all

Summary: The House received a Governor’s message on fiscal year 2026 supplemental appropriations, which was referred to the Committee on Ways and Means. The Committee on Rules reported several resolutions, including honors for Abby Goodman, a resolution reaffirming Massachusetts-Taiwan friendship, recognition of the Cambodian-American community’s Khmer New Year celebration, and Elks National Youth Week; the House suspended the rules and approved them. The House also concurred with Senate petitions on assisted living residences and medication administration in rest homes, sending them to the Committee on Aging and Independence. The main legislative business was House Bill 5279/5375, the transportation bond bill financing long-term improvements to municipal roads and bridges. Ways and Means recommended a substitute bill, House 5375, with a $2.737 billion general obligation bond authorization, and the House adopted the amendment and ordered the bill to a third reading. Later, the House took up House 5375 directly, heard support from members emphasizing Chapter 90 road funding, municipal flexibility, rural road mileage distribution, and broader transportation investments, and then passed the bill to be engrossed by roll call vote, 155-0. The House also passed House Bill 5371, authorizing grants of easements or takings of certain parcels of land to the city of Boston, to be engrossed. In addition, the chamber received and filed the Secretary of the Commonwealth’s report on the March 31, 2026 special election for the 5th Essex District, adopted an order to escort the Governor and Executive Council into the chamber, and administered the oaths of office to Representative-elect Andrew Tarr. The session ended with an order to adjourn until the next day at 11 a.m. in informal session.

Transcript Highlights:

• Chairman and members, Judah Weissbaum, Chief of Government Affairs for the Water Infrastructure Finance
• for and receive financial assistance, including forgivable principal, from the Water Infrastructure Finance
• largely capitalized by the federal government and administered by the state's Water Infrastructure Finance
• Authority, and does provide low-cost financing. ...administered by the state's Water Infrastructure
• Finance Authority and does provide low-cost financing for a number of purposes, including decentralized

Bills: HB2029, HB2096, HB2116

Keywords: water conservation, grants, infrastructure, environmental protection, sustainability, cesspool remediation, cesspool replacement, forgivable principal, forgivable loan, wifa, water infrastructure finance authority, clean water revolving fund, drinking water revolving fund, wastewater infrastructure, on-site wastewater system, septic system, groundwater protection, public health, nonpoint source pollution, county water projects

Summary: The Natural Resources Committee heard three bills, all of which received do pass recommendations. House Bill 2029 would require additional disclosure from applicants to the Water Conservation Grant Fund, including plans for how saved water will be used; an amendment broadened the disclosure requirement from only certain applicants to all eligible entities. WIFA testified neutral on the bill and amendment, noting it already collects much of the information. The amendment and the bill as amended both passed 8-0, with the sponsor indicating he may reoffer the amendment on the floor. House Bill 2096 would authorize counties to seek WIFA financial assistance, including forgivable principal, to remediate, close, or replace cesspools that threaten water quality or public health, and would clarify county authority to accept such loans without voter approval. WIFA was neutral and said the bill resolves ambiguity in the statutes. Supporters from the County Supervisors Association and Gila County described widespread cesspool problems in rural counties, especially Gila County, where thousands of cesspools remain and flooding caused sewage contamination and major cleanup costs. The committee approved the bill 8-0. House Bill 2116 would appropriate $1 million from the General Fund in FY 2027 to the Colorado River Litigation Fund. Supporters said the money is needed to prepare for possible legal challenges over Colorado River cuts, while several members emphasized they hope litigation will not be necessary and described the amount as a placeholder for future budget discussions. The bill passed 8-0 and was sent to Appropriations before the committee adjourned.

Transcript Highlights:

• We have Senator Kunes here and um others... education finance bill that came to the education finance
• <01:02:33.920> It a finance bill. Um not at this point. It a finance bill.
• Energy finance. Any amendments in this section? Renewable development finance.
• Energy finance. Any amendments in this section? Renewable development finance.
• 18, campaign finance, Article 18, campaign finance, no<01:36:49.760> amendments.

Keywords: 1187, senate, all

Transcript Highlights:

• So it's really, um, um, as you can tell, it's really neutral when it comes with finances.
• So it's really, um, um, as you can tell, it's really neutral when it comes with finances.
• So it's really, um, um, as you can tell, it's really neutral when it comes with finances.
• So it's really, um, um, as you can tell, it's really neutral when it comes with finances.
• So it's really, um, um, as you can tell, it's really neutral when it comes with finances.

Keywords: 1183, house

Transcript Highlights:

• Hearing **Erika Lee** at the Department of Finance will present the bills.
• All right, we are moving along at a brisk pace here, so we will now open up to the Department of Finance
• . ...and members of the Budget Committee, **Erika Lee** with the Department of Finance to present on
• What I would ask is how confident is the Department of Finance that no additional loans or emergency
• I believe that is accurately the deadline unless finance has a different thing to jump in.

Keywords: 988, house, all

Transcript Highlights:

• I chair uh with HCR, HR, HCR 1, HR 11, urging the Hawaii Housing Finance and Development Corporation
• credits after the repeal of that act if the housing projects were approved by the Hawaiʻi Housing Finance
• We have the Hawaiʻi Housing Finance and Development Corporation, Dean Minomi, in support.
• <00:22:41.919> and this we have hoi Housing Finance and this we have hoi Housing Finance and
• Um, first up, HCR 1 / HR 1, urging the Hawaii Housing Finance and Development Corporation to continue

Keywords: 910, house, all

Summary: The House Committee on Housing met on March 21, 2025, first taking testimony on several resolutions related to housing policy and building codes. HCR 1/HR 1 urged HHFDC to continue working with the City and County of Honolulu to transfer roads in the Villages of Kapolei; the committee noted one supportive testimony from HHFDC. HCR 66/HR 60 sought action by the State Building Code Council to authorize point access block, or single-stair, residential construction up to six stories; testimony included support from Housing Hawaiʻi Future and the Grassroots Institute of Hawaiʻi, and opposition from the AIA Hawaiʻi State Council. HCR 67 asked state and county officials to develop a comprehensive strategy for updated building codes; Grassroots Institute testimony was in support and AIA Hawaiʻi State Council was in opposition. HCR 78 addressed housing credits under Act 31, clarifying that qualifying projects approved before July 1, 2031, would remain eligible after repeal; HHFDC and Na Uho testified in support. HR 147 proposed a legislative working group to oversee DHHL’s use of Act 279 funds; DHHL supported the measure, along with one individual supporter who was not present. No public testimony was offered beyond those submissions, and the committee moved to decision-making after a short recess. In decision-making, the committee adopted the chair’s recommendation to pass HCR 1/HR 1 as is, with several members excused. HCR 66/HR 60 was also passed as is after discussion emphasizing the potential for lower construction costs, more design flexibility, and better ventilation from single-stair buildings. HCR 67 was passed with amendments, including removing the housing committee chairs from the recipient list and adding language calling for reinstating and adequately funding the State Building Code Council so it can carry out its mandate. HCR 78 was passed as is, and HR 147 was passed as is after brief supportive comments about DHHL accountability. The meeting then adjourned.

Transcript Highlights:

• Vassin who is the city's finance Vassin who is the city's finance director<00:54:58.480> um
• Jeremy Msina, finance director for the city of Baxter.
• So that has been helpful in the city's financing of it.
• <01:31:49.360> And tax increment financing. And tax increment financing.
• relates to this tax increment financing relates to this tax increment financing district.<01:33:

Keywords: 1187, senate, all

Transcript Highlights:

• <00:56:30.640> as<00:56:30.760> we struggle to secure that financing as we struggle
• to secure that financing as we all<00:56:31.039> know<00:56:31.280> and<00:56:31.400><
• <00:58:50.480> from unable to find secure financing from unable to find secure financing from
• I'm James Key Wallace, the Executive Director of the Business Finance Authority.
• I'm James Key Wallace, the Executive Director of the Business Finance Authority.

Keywords: 1191, senate, all

Transcript Highlights:

• honored to be a part of, and of course want to thank our friends at the LAO and the Department of Finance
• That's not how families manage their finances. That's not how Californians manage their finances.
• Lisa Rosenzweig with the Department of Finance.
• And when I would, as being the finance and accounting person as a part of my job, and I would talk to
• Their state finances are, you know, detailed and we need experts here to help us translate that.

Summary: The Assembly Budget Subcommittee on Accountability and Oversight heard ACA 20, the Safe for California Futures Act, a constitutional amendment to strengthen the state’s Budget Stabilization Account (rainy day fund). The authors, Assembly Members Gabriel and Valencia, said the measure would raise the reserve cap from 10% to 20% of General Fund revenues, change how reserve deposits are treated under the Gann limit so deposits would not count against the spending cap until withdrawn, and update eligible debt repayments to include items such as budget loans, Proposition 98 settle-up obligations, and unemployment insurance debt. They emphasized that the proposal was intended to protect schools and core public services and to help California better withstand revenue volatility and future downturns. Committee discussion focused heavily on the technical effects of the measure, especially its interaction with Proposition 98 and the Gann limit. LAO and Department of Finance staff explained that Prop. 98 funding would not be changed directly, that the reserve deposits would be treated as exclusions from the appropriations limit, and that withdrawals would count when spent. Members asked about current reserve levels, mandatory deposits, and whether the measure would create more room for discretionary spending; supporters argued it would simply allow the state to save more in good years, while one member expressed concern that it could function as a slush fund and expand spending opportunities. Several members cited recent budget volatility, record revenues, and the need for stronger reserves, while others stressed that the measure should be understood as a future-oriented savings reform rather than a response to this year’s budget choices. Public testimony was uniformly supportive. California Forward, Elevate California, and the California Chamber of Commerce all backed the proposal, with the Chamber noting support for the policy and highlighting the importance of addressing unemployment insurance debt for small businesses. The chair concluded by thanking the authors, staff, and witnesses, and said ACA 20 was expected to move to the Assembly floor the next day.

Transcript Highlights:

• The Committee on Finance moved to amend the title of the resolution.
• The Committee on Finance moved to amend the bill on page 3, Section 3. Yes, sir.
• The Committee on Finance moved to amend the bill on page 3, Section 3.
• The amendment from the Committee on Finance raised the per-qualifying-employer cap to $100,000. Mr.
• The Committee on Finance moved to amend the bill by striking... Further amendments to the bill?

Keywords: 994, senate, all

Summary: The Senate considered and passed a series of House bills and one constitutional resolution, with several measures receiving title amendments and some taking effect immediately or on a specified date. Early action included moving House Bill 5438, concerning the foundation allowance for instructional programs, to the foot of third-reading bills. House Bill 5441, reforming the state personnel system, was amended with a Judiciary strike-and-insert technical fix, then passed 28-6 and was set to take effect July 1, 2026. House Bill 5462 on mine subsidence insurance passed unanimously, with a title amendment adopted. House Bill 5484, creating felony offenses related to denying medical treatment to sexual offense victims, also passed unanimously with a title amendment. House Bill 5515 modernizing workers’ compensation statutes passed unanimously with a title amendment, and House Bill 5527 establishing licensure and regulation for wellness reimbursement programs passed unanimously. House Bill 5528, protecting personal residential information of certain public officials, passed unanimously with a title amendment. The most extended debate centered on House Bill 5537, an education-related bill that was amended to add a child-protection provision later referred to as “Rayleigh’s law.” The amendment would bar approval of home instruction requests in certain child abuse or neglect cases until the Department of Human Services confirms the investigation is unfounded, closed, or not substantiated, or until 10 days pass without a response. Senators argued the measure was intended to protect children and not target homeschooling. After a point of order, the chair initially ruled the amended language not germane; that ruling was challenged and ultimately overruled by a 24-7 vote, allowing the amendment to remain. The bill then passed 24-7, and a title amendment was adopted. Other measures passed with little or no opposition. House Bill 5582 removed the sunset on the TANF applicant drug-screening program and passed 28-3 after a technical committee amendment. House Bill 5687 reduced the metallurgical coal severance tax over time and adjusted oil and gas tax allocations, passing 31-3. Several supplemental appropriations also passed and were made effective from passage, including funds for Homeland Security/corrections, the Adjutant General, Health, the State Road Fund, and Tourism/Culture and History. The Senate also adopted House Joint Resolution 42, which would place on the ballot a constitutional amendment increasing the homestead exemption from $20,000 to $40,000 and allowing future changes by general law. In second reading, the Senate advanced bills on workforce training reimbursements, aerospace and advanced manufacturing incentives, portable benefit accounts, literacy and science-of-reading training, school aid formula changes, and wedding venue regulation, with amendments adopted on several of them before advancement to third reading.

Transcript Highlights:

• There's been quite a few things going on at finance at PSFA, including our FY27 budget requests, FY25
• Board of finance level of our bonds and working our way down.
• The Board of Finance currently has 33 active SSTBs listed for the PSCOC, totaling $3 billion in sales
• These are our resolution and reconciliation worksheets that we provide to the Board of Finance when we
• They've done great work with the Board of Finance in the past, so we use their current platform, and

Transcript Highlights:

• So, we don't have finance release on this, and I'm assuming you don't have words and means, right?
• But anyways, we don't have finance release on any of these on our measure today.
• But anyways, we don't have finance release on any of these on our measure today.
• But anyways, we don't have finance release on any of these on our measure today.
• So we have agreement on a proposed CD1, yet we are still waiting for finance release.

Keywords: 912, senate, all

Summary: The conference committees met on April 25 in Room 229 and handled several bills, often by rolling them over when finance or budget releases were still pending. HB 1007 HD2 SD2 on HCDA was simply continued to 1:00 p.m. in the same room. HB 1316 HD2 SD1 on DLNR rental vessels and registration was later taken up, with members noting a proposed CD1 based on the Senate draft; after quorum was confirmed, both chambers voted yes and the measure was approved. SB 465 HD1 on Kiki Aola small boat harbor was rolled to 4:00 p.m. in Room 441 because the required release had not yet been received. HB 86 on Makai Watch was also deferred for lack of quorum, and HB 800 HD1 SD2 on government real property and land transfer was eventually voted out after the missing House member arrived, with both House and Senate voting yes. SB 1221 SD2/HD3 on water safety and retention/detention ponds was described as requiring county ordinances and surveys of existing ponds; the conference draft added “Sharky’s Law,” set a January 1, 2027 start date for county ordinances, and was approved unanimously by both chambers. The committees also discussed SB 223 SD2/HD1 on wildfire prevention and forest reserve fire protection. The measure would create an independent DNR wildfire prevention program, authorize forestry and wildlife facilities for fire protection and related work, allow the State Fire Council to strengthen fire code requirements in hazardous fire areas, establish a community fuels reduction project, require legislative reporting, and provide funding. The conferees explained that section 3, which sought an additional appropriation for fiscal years 2025-2026 and 2026-2027, was removed because the money was already included in the budget. The bill’s effective dates were set for July 1, 2025, and it was rolled over to 4:00 p.m. in Room 411 rather than voted on at that time. Later, HB 1220 HD1 SD1 on invasive species in Kaneohe Bay was taken up and passed after quorum was confirmed, with both House and Senate members voting yes. HB 778 HD2 SD1 on the integrated land use office and land use study, SB 739 HD1 on land exchange, and HB 830 HD2 SD2 on historic preservation reviews were all agreed to in principle but rolled over to later meetings because finance or WAM releases were still outstanding. Throughout the meeting, members repeatedly noted absences, excused members, and the need to reschedule items to later in the afternoon.

Transcript Highlights:

• I call the House Higher Education Finance and Policy Committee to order.
• I'm the Vice President of Finance and Treasury for CentraCare. Thank you for having us.
• President of Finance and Treasury for CentraCare. Thank you for having us.
• Rural Health Academic Affiliation Finance Subcommittee.
• If we can't, then we take it to the finance subcommittee with the other two members.

Transcript Highlights:

• I'm Peterson from the Department of Finance.
• Pollack from the Department of Finance. Benjamin Pollack, Department of Finance.
• Certainly, thank you, Assemblymember, and I'll also defer to the Department of Finance if they wish to
• Oh, Deferred Department of Finance, but I believe that's correct. Right, it could be.
• This essentially becomes state funding and is just a financing mechanism.

Keywords: 988, house, all

Transcript Highlights:

• It’s all means of finance, result in those expenditures.
• But I have to head over to Senate Finance. I just wanted to put this out as well.
• Under the cash means of finance.
• It's part of that cash means of financing.
• The way it was requested, it was a NERDA line item in there for cash means of finance.

Summary: The committee met for an informational hearing focused largely on the state capital outlay process and House Bill 2. Roger Husser and Matt Baker of the Division of Administration/Facility Planning and Control described how the office prepares and administers the capital outlay bill, said the bill has grown substantially over five years, and argued that recent changes in culture, staffing, project management, cash-flow analysis, and use of third-party support have more than doubled project expenditures and improved delivery. Members asked about the use and cost of third-party project managers, delegation of smaller projects to agencies, hiring difficulties, and whether the changes represented better interpretation of existing law versus statutory changes. Husser said some statutes were amended, some internal customs were removed, and the office would provide a list of those changes. He also explained that the office is trying to move away from overly rigid practices and toward faster project completion while still following public-bid and oversight rules. A major portion of the discussion centered on the size and structure of the capital outlay bill, especially the gap between Priority 1 cash capacity and the much larger Priority 5 backlog. Husser said the current annual Priority 1 limit is tied to construction inflation and is about $574 million, with additional surplus funds also available, but that the bill contains far more Priority 5 funding than can realistically move in a five-year plan. He and members discussed dormant projects, scope creep, legacy projects that have sat in the bill for years, and the problem of false expectations for non-state entities. Proposed solutions included limiting Priority 5 to five times Priority 1, requiring annual re-endorsement by members, setting district or project caps for non-state projects, requiring time limits and reporting for grant-like non-state projects, placing matches in escrow, requiring design readiness before submission, and consolidating the many existing reporting requirements into one clearer report. Members also discussed bundling multiple projects under one agency project, which the House had begun piloting for LSU, UL Lafayette, Southern, and DOTD, and which Husser said could improve flexibility, reduce overappropriation, and better reflect actual spending. Baker then explained cash-flow management and the commitment process, saying FPC now analyzes projects annually to estimate what can actually be spent in the next fiscal year and uses commitments to allow projects to proceed when future-year funding is expected. He said overappropriations can result from poor cash-flow estimates, delays, dormant projects, or projects coming in under budget, and that the office is already reworking cash-flow assumptions and reappropriating savings where possible. Members also raised concerns about change orders and low bids; staff said project managers review change orders closely, require concurrence on non-state projects, and sometimes reduce scope to keep projects within budget. After FPC’s presentation, the committee heard the beginning of Louisiana Economic Development’s capital outlay discussion, where LED explained that its projects generally fall into three categories, including the Economic Development Awards Program and Site Readiness Program, both used to support targeted economic development and job creation.