Transcript Highlights:

• Different sources.
• The second source of funding is from the Water Trust Fund.
• The USDA debt will be a major impediment to the ability to close a loan.
• Regardless of its size, they're all major water projects.
• That a major part of those small systems are volunteers.

Committee: House New Mexico Finance Authority Oversight Committee

Transcript Highlights:

• A majority of that was for production of agriculture, but some of it was for other uses, like structural
• County agricultural commissioners need to be involved early in this process, not after a major policy
• How do we do the safer program for water is one major problem right now that the state is facing?
• How do we do the safer program for water is one major problem right now that the state is facing?
• There are some great people within DPR, I'm sure, but as an institution it needs major reform.

Summary: The joint Assembly and Senate hearing examined whether California’s pesticide program is meeting its public-protection goals, with opening remarks from committee chairs emphasizing the state’s large pesticide use, the need to transition toward sustainable pest management, and ongoing oversight including a state audit of DPR and county agricultural commissioner enforcement. The hearing also referenced recent concerns in Ladera Ranch about childhood cancer cases and the need for transparent investigation and community access to information. Panel one focused on human health and the regulatory framework. Dr. Anna Maria Mora described long-running CHAMACOS research showing widespread pesticide exposure in farmworker families, links to neurodevelopmental, respiratory, liver, and cardiometabolic harms, and greater impacts on children facing social adversity. She urged biomonitoring, better linkage of exposure data to health outcomes, regulation of chemical classes and mixtures, stronger buffers around homes and schools, and more community-based research. Professor Tim Malloy explained California’s two-tier system of DPR registration and county permitting, said the state’s program is strong but falls short on cumulative exposure analysis and alternatives assessment, and argued that DPR and counties need better tools, training, and funding to implement legally required protections. Committee members asked about biomonitoring, class-based regulation, and how to make pesticide data more usable for the public. Panel two brought testimony from environmental justice and farmworker advocates, who argued that California remains behind other jurisdictions by allowing highly hazardous pesticides, including 1,3-dichloropropene and paraquat, and by relying on a funding structure tied to pesticide sales. Witnesses said DPR often moves too slowly on reevaluations, rarely assesses combined exposures, and does not adequately account for health, environmental, and social costs or conflicts of interest involving pest control advisors. They also described inconsistent county-level implementation, weak outreach, and confusion over whether DPR or county agricultural commissioners are responsible for enforcement, and urged faster phaseouts, tiered fees, stronger local protections, and clearer accountability. Panel three represented regulated entities and agricultural stakeholders, who supported the goals of safer pest management but stressed that California’s registration process must be more predictable, transparent, and timely. They said AB 2113’s staffing and timeline reforms were important, but backlog and delays still hinder access to newer, lower-risk products and can hurt both consumer and agricultural uses. Agricultural witnesses also emphasized the need to invest more in pest prevention, invasive species detection, extension support, farmer training, and practical incentives for sustainable pest management. No votes were taken; the hearing was informational, with members pressing witnesses on timelines, implementation, funding, and the division of responsibility between DPR and county agencies.

Transcript Highlights:

• A majority of that was for production of agriculture, but some of it was for other uses, like structural
• of air monitoring sites, even though new... ...increased at a majority of air monitoring sites, even
• The majority of my family is still in the problem of respiration due to pesticides.
• How do we do the safer program for water is one major problem right now that the state is facing?
• There's some great people within DPR, I'm sure, but as an institution, it needs major reform.

Transcript Highlights:

• And would that also be Chuck Schumer, then the Senate Majority Leader?
• In the public, would that cause sources to be killed?
• I've run resources and sources at the FBI. I've run sources overseas. It takes months.
• The political nominee of both major parties—Guinness Book of World Records.
• And it matters to us because he's playing such a major role in the government.

Committee: Senate Senate Judiciary

Transcript Highlights:

• </c><00:12:53.519><c> of</c> highlight the two primary sources of highlight the two primary sources of
• </c><01:48:50.800><c> of</c> we have a number of different sources of we have a number of different sources
• </c> increased operating income for the major increased operating income for the major manufacturers<
• And Tina will take you through the history of the revenue sources. Thank you. Good afternoon.
• On page 20, you'll see the breakdown of our revenue sources. We have beer tax and permits.

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:

• compensate projects for their full value to the grid and ratepayers and relies entirely on external sources
• Due to the extended delays in implementing AB 2316, key sources of federal and state money are no longer
• So it's including the author's own district, our majority CCA.
• Renewable sources of power are more abundant than ever, and both public and private entities continue
• Nuclear power, a low-carbon electricity source, can meet those needs 24/7.

Committee: House Utilities and Energy

Transcript Highlights:

• A majority of participating lead or independent LEAs have completed the administrative onboarding steps
• This dedicated funding source gives California a chance to deliver on the promise of 988.
• Another major goal of AB 988 and the five-year plan is diversion of calls from 911 to 988.
• So we were asked to briefly cover some of the context around the volatility of the revenue source, as
• And you can see that the ability to manage the fund source at a net positive is much smoother on the

Summary: The hearing focused first on behavioral health, especially serious mental illness and anosognosia, a condition described by witnesses as a neurological symptom that prevents people from recognizing they are ill. The chair framed the issue around families cycling through emergency rooms, jails, conservatorships, and short-term stabilization without lasting treatment, and warned that federal changes under H.R. 1 could reduce Medi-Cal funding and worsen access. Dawn Marie Anderson gave a personal account of her son’s long history of psychosis, homelessness, arrests, repeated jail and state hospital stays, and eventual stability when he received sustained medication and coordinated support. She argued that the system often treats the problem as criminal rather than medical and that voluntary programs and short-term services are not enough for people who lack insight into their illness. Other panelists, including representatives from the California Behavioral Health Association, Santa Barbara County Behavioral Health, and the County Behavioral Health Directors Association, agreed that anosognosia is not denial or noncompliance and said the system needs long-term, coordinated care, including assertive community treatment, mobile crisis, supportive housing, medication support, and stronger handoffs between county and managed care systems. They said CalAIM and other reforms have improved some coordination, but significant gaps remain, especially for people with serious mental illness, for those in jail or locked settings, and for people with private insurance, which witnesses said often offers little meaningful coverage for early psychosis or intensive behavioral health services. Several witnesses urged the Legislature to protect Medi-Cal, shore up county safety-net services, and invest in training and family engagement. The committee then turned to the Children and Youth Behavioral Health Initiative, with a focus on the virtual services platforms BrightLife Kids and Soluna and the CYBHI fee schedule. DHCS reported strong growth in app registrations, coaching sessions, referrals, and positive user outcomes, saying the platforms provide free, culturally responsive, early-intervention support statewide and help connect users to higher levels of care when needed. On the fee schedule, DHCS said more than 500 LEAs, colleges, universities, and school-linked providers are participating, 181 LEAs have submitted claims, and $9.6 million has been reimbursed to date, with 41,556 students represented in claims. The chair and several members criticized the pace of implementation and the amount of money spent relative to reimbursement levels, saying the Legislature had requested data earlier and that the return on investment still appeared low. DHCS responded that many claims are still being submitted, that 70% of denials are correctable, that $400 million in capacity grants has been distributed locally, and that reimbursement is increasing rapidly as more districts come online. Public comment included a rural county behavioral health director who said private insurance denials leave counties with significant uncompensated work, especially for unlicensed staff providing case management and mobile crisis services.

Transcript Highlights:

• But I do want to be clear: the vast majority of that budget was completely unspent because we had no
• So as a rule of thumb, about 50% of imports of gasoline into California come from domestic sources.
• And the rest is imported from foreign sources.
• For the Public Advocates Office, the vast majority is in-house expertise.
• We're sole source to 42 different districts, and those are really good jobs.

Transcript Highlights:

• I believe that they even had a funding source at that time.
• I believe that they even had a funding source at that time.
• We appreciated Majority Leader Carbone's willingness to dialogue on this issue.
• I appreciate the majority leader. Mr. Carbone comes from one of the best...
• I appreciate the majority leader. Mr.

Committee: Senate Senate Natural Resources Committee of Reference

Summary: The committee first heard House Bill 2787, which would bar the state and its political subdivisions from using personnel or financial resources to enforce or cooperate with the federal Mexican wolf reintroduction program, while exempting the Livestock Loss Board’s livestock loss program. Sierra Club and animal welfare advocates opposed the bill as harmful to wolf recovery and unnecessary given the livestock loss reimbursement data. The committee approved HB 2787 on a 4-3 vote. Members then considered House Bill 255, which would create a Brackish Groundwater Recovery Program Fund and authorize the Water Infrastructure Finance Authority to administer projects using long-term water augmentation funds. Opponents argued brackish groundwater is still groundwater and pumping it could cause localized impacts and land subsidence, while supporters framed it as a water-supply solution. The bill failed on a 2-4 vote. The committee next advanced House Bill 2782, requiring disclosure rules for regulatory assets included in utility rates, and House Bill 2781, which would impose financial assurance, insurance, decommissioning, and site-restoration requirements on solar energy power plants. HB 2781 drew stakeholder testimony from solar industry, utilities, and local-government interests; an amendment to revise financial assurance and remove a remediation fund was adopted, but the bill itself then failed on a 4-4 vote. The committee also approved House Bill 2975, which would suspend State Land Department solar scoring maps and require new mining and housing resource maps, despite opposition that it would reduce transparency and favor certain land uses over solar. Later, the committee approved House Bill 2696, as amended, directing the Arizona Commerce Authority to prioritize fuel and gas price reduction and create a fuel resiliency task force, after debate over whether the bill should focus more broadly on energy resilience and whether the ACA was the right agency. The committee also passed HCM 2009, urging Congress to streamline mining access, compensate states for subsurface mineral rights, and require legislative approval for new national monuments, and HB 2889, which would fund ADEQ monitoring of uranium contamination and create a statewide registry and tribal-partnered monitoring program. Finally, the committee heard HB 2763, which would require a legislative joint resolution before the Game and Fish Commission could close a shooting range; Game and Fish said it would add another step to the closure process and mainly affect the Ben Avery facility, but no vote was taken in the portion provided.

Transcript Highlights:

• the Department of Energy since the enactment of the Energy Act of 2020 have been far too often a source
• Hopefully I can contribute to the development of this important energy source.
• As someone who strongly supported permitting reform, and a majority of the members on this committee
• In addition to that, we have to look for other sources of financing and even grants in some cases.
• sources?

Committee: Senate Energy and Natural Resources Committee

Transcript Highlights:

• That is the major aquifer system.
• It's a very important major water supply within this region.
• And so I highlight that as obviously a major concern.
• A majority of Texas?
• McCarthy, if you know if there's other sources of recharge, the rainfall is the primary source.

Committee: House Natural Resources

Summary: The committee held a hearing on high-capacity groundwater wells proposed in Anderson, Henderson, and Houston counties, with members framing the issue as one of local water supply, fairness, and the need to modernize groundwater law while protecting private property rights. Opening remarks focused on the scale of the proposed Redtown Ranch and Pine Bliss projects, the potential export of tens of thousands of acre-feet of groundwater annually, and concerns that the applications lacked sufficient technical detail and could harm nearby landowners, cities, agriculture, and manufacturing. Members also noted the broader context of the recent flooding tragedy in central Texas and the Legislature’s intent to address water-related loss of life in the upcoming special session. Witnesses from the Texas Alliance of Groundwater Districts and the Texas Water Development Board explained the current groundwater management framework. They described groundwater conservation districts as the state’s preferred management method, the role of groundwater management areas and desired future conditions, and how the Water Development Board uses those conditions to calculate modeled available groundwater. They emphasized that districts rely on local data, monitoring wells, and planning processes, but that information is often more limited in areas without a district, where the rule of capture applies. Members pressed witnesses on recharge rates, export permits, subsidence, the effect of pumping on nearby wells, the age and real-time availability of model data, and whether the proposed project would exceed modeled available groundwater in some counties. TCEQ explained its limited oversight role over groundwater conservation districts, including inquiries, compliance actions, and, in extreme cases, dissolution authority. Water Development Board staff also outlined funding programs, saying the New Water Supply for Texas Fund is limited to projects such as brackish desalination, reuse, ASR, and other new-supply projects, and does not fund fresh groundwater exports alone. They said the project at issue had not applied for board funding. A water lawyer then testified on the rule of capture, ownership in place, and district regulation, arguing that districts must use permitting and other tools to manage production within modeled available groundwater and that the Legislature could consider additional authority over groundwater exports under current law.

Transcript Highlights:

• So are you getting all your water from the ground source, or were you...
• But there's a couple of other major issues in here.
• So it's another source of opportunity for us.
• construction companies, could be potential sources of employers.
• So it is actually a majority of private sector that are engaged in that side of it.

Summary: The committee met for its final meeting and approved the June 16 minutes. The main focus was policy development for advanced nuclear energy, including used fuel disposition, community engagement, and Wyoming’s legislative framework for nuclear development. Rod McCullum of the Nuclear Energy Institute briefed members on DOE’s “innovation campus” initiative for used nuclear fuel, explaining that DOE has narrowed responses to five states—Utah, Tennessee, Oklahoma, Idaho, and Louisiana—and is seeking host agreements by September 30. He said the effort likely requires both federal and state legislation, and industry disputes DOE’s proposal to restart the nuclear waste fee, arguing the Nuclear Waste Fund should instead be used through appropriations for disposal-related work. He also answered questions about Yucca Mountain’s failure, deep seabed disposal, and international approaches to spent fuel, emphasizing consent-based siting and collaboration with states, localities, and tribes. Envoy Public Labs/GAIN presenters Chase Blazer and Austin Blanche described state-led community engagement models for advanced nuclear projects. They highlighted examples from Kentucky, Indiana, New York, Illinois, Nebraska, Wyoming, Utah, and Connecticut, noting that successful siting depends on early public education, local government support, workforce planning, and, in some cases, state funding for early site permitting. Committee members asked how broad engagement should be, whether it should be countywide or regional, and how small modular reactors differ in public outreach; the presenters said the approach should match the project footprint and local concerns, but that even SMRs still require broad education and stakeholder involvement. Wyoming Senator K.L. Case and Wyoming Energy Futures CEO Rita Meyer then described Wyoming’s legislative history and TerraPower’s Natrium project in Kemmerer. They reviewed Wyoming’s earlier 1995 high-level waste law, which effectively froze nuclear development until reforms in 2022 allowed on-site storage of waste from an active in-state reactor and removed much of the state-level permitting burden. Meyer said the project is now in construction, with a sodium-cooled fast reactor and molten-salt storage system, but faces major supply-chain challenges—especially HALEU fuel—and relies on private investment plus a federal ARDP grant rather than state dollars. Members asked about water supply, investor motives, supply-chain bottlenecks, and state revenue; the presenters said water comes from a PacifiCorp surface-water contract, investors are seeking long-term returns, and Wyoming expects benefits through property and sales taxes and a per-megawatt-hour fee rather than direct state investment.

Transcript Highlights:

• </c> fuel source. fuel source.
• </c><00:49:07.320><c> to</c> is still not a complete uh source to is still not a complete uh source to
• They are proposing a major data center in my district.
• ><c> electricity</c> Wyckoff, cheapest source of electricity Wyckoff, cheapest source of electricity
• </c> come from our previous majority leader. come from our previous majority leader.

Committee: Senate Energy, Utilities, Environment, and Climate

Transcript Highlights:

• Key revenue sources expire, expiring date to fail referendums.
• None of these major infrastructure projects are eight years.
• That's one of our major industries. And everyone keeps talking about property taxes.
• And tourism is a major part.
• We're going to have to look at sales tax, and tourism is a major part of that.

Summary: The Ways and Means Committee met on March 20, 2025, and first approved HB 4025, creating the Duke Farm Stewardship District in Lee County, on a 17-0 vote. The committee then advanced HJR 1215, which proposes a constitutional amendment to exempt agricultural tangible personal property from property tax, after extended debate about the fiscal impact on counties, especially rural and fiscally constrained ones; it passed 16-1. HB 411 also passed unanimously after an amendment, extending affordable housing tax exemption treatment to certain nonprofit projects on leased land, including Habitat for Humanity projects. The committee likewise approved CS/HB 669, allowing local governments to purchase certain unrated bonds, and CS/HB 4017, codifying the Vermont Drainage District charter in Charlotte County, both without opposition. The committee also approved HJR 1039, which would let the Legislature prevent assessed-value increases for homestead properties that are improved to mitigate flood damage, and the related implementing bill HB 1041; both passed 17-0. Public testimony on these items included some opposition to the flood-related amendment, but no floor debate changed the outcome. The final major item was CS/HB 1221 by Rep. Miller, which would require local option taxes to be renewed by voter referendum every eight years, with longer terms allowed for bonded projects. That bill drew the most extensive testimony and debate, with counties, tourism groups, and local officials warning about impacts on tourism funding, infrastructure, schools, and public safety, while supporters argued for taxpayer accountability and periodic review. After debate, the committee reported the bill favorably on a 13-4 vote.

Transcript Highlights:

• Assistant Majority Leader Garcia moves, and Mr.
• Assistant Majority Leader Garcia, you are recognized for your proceedings.
• Assistant Majority Leader Garcia, you are recognized for your procedural motions. Mr.
• Because it's a great source of renewable energy. You don't need wind.
• And then what happens is, let's say you do find a great source of geothermal steam.

Summary: The Assembly met in session, established a quorum, and opened with a prayer and the Pledge of Allegiance. Members then moved through guest introductions, including students and fellows from California Lutheran University, UC Merced’s CAPE program, the Maddy Institute, and Madera High School’s Madtown Robotics Team 1323, which was recognized for multiple robotics world championships. The chamber also adopted an adjournment in memory and took up the daily file. Several bills and resolutions were considered and passed, including AB 1390 on school board compensation thresholds, AB 1338 on air district cost recovery for fence-line air monitoring, AB 648 on community college housing, AB 1207 on cap-and-trade price ceilings, ACR 66 recognizing Skin Cancer Awareness Month, AB 49 on keeping ICE out of public schools, AB 317 on a CEQA exemption for certain single-family homes, AB 527 on geothermal exploratory wells, AB 665 on the Department of Financial Protection and Innovation ombudsman report, AB 940 creating quantum innovation zones, AB 1021 on workforce housing for education agencies, AB 1112 on property tax apportionment in Rancho Mirage, AB 1318 on nonprofit eligibility for public funding, and AB 1470 on using student housing loan funds for affordable housing in downtowns and commercial districts. Most measures passed with broad support; AB 49 and AB 1318 were urgency bills and passed with the required higher vote threshold. The floor also adopted H.R. 40, declaring May 25 as Rosenda’s Day to honor a teen killed by a drunk driver, and H.R. 42, recognizing May as Behavioral Health Awareness Month. Both drew extensive personal testimony from members about mental health, suicide, substance use, and the need to reduce stigma and expand access to care. Additional health-related bills passed, including AB 408 creating a physician health and wellness program, AB 546 requiring coverage for HEPA purifiers for certain enrollees after wildfire disasters, AB 967 expediting licenses for out-of-state physicians, and AB 968 expanding pharmacist authority to provide non-hormonal contraception. The Assembly also debated AB 1056 on phasing out gill net fishing and AB 1376 on limiting juvenile probation terms, with supporters framing both as conservation or rehabilitation measures and opponents warning about economic harm or public safety concerns. Both bills ultimately passed. Throughout the session, members repeatedly emphasized public safety, education, housing, climate, health care access, and support for immigrant and youth communities, with recorded roll-call votes and voice votes taken on each measure.

Transcript Highlights:

• There are four major areas I want to highlight that reflect how the department has been implementing
• Effective management of hazardous waste means, at a minimum, source reduction, permitting protections
• First, I'll talk a little bit about household hazardous waste and source reduction.
• But it’s not enough to simply acknowledge source reduction’s importance.
• Next, I’d like to discuss some of the past and current source reduction activities at DTSC.

Summary: The joint oversight hearing focused on DTSC’s implementation of SB 158 reforms, including enforcement, community engagement, fee stability, the hazardous waste management plan, permitting backlogs, and the Safer Consumer Products program. Senators and Assembly members emphasized protecting overburdened communities and asked how DTSC and the Board of Environmental Safety are using their authority to improve accountability, reduce delays, and address hazardous waste facilities and consumer product chemicals. The hearing also included discussion of extended producer responsibility programs and whether DTSC can support them more efficiently, including through coordination with CalRecycle. DTSC Director Katie Butler said the department is now more transparent, accountable, and fiscally stable, citing stronger enforcement actions, an interactive inspections map, expanded community outreach, and emergency response work on the Los Angeles wildfire cleanup. She said DTSC has made progress on fee reform, the hazardous waste management plan, cleanup grants, permit renewals, and safer consumer products rulemaking, including adding microplastics to the candidate chemical list. Board Chair Andrew Rakestraw said the board has held multiple public meetings and hearings, is working on fee rates and performance metrics, and is revising the hazardous waste management plan after public comment, including removing a proposal to send certain contaminated soil to municipal landfills. He also noted remaining concerns about fee structure, permit delays, and the pace of the safer consumer products program. Public witnesses offered sharply different views. A representative of the California Council for Environmental and Economic Balance said SB 158 reforms have improved permitting and transparency, but urged more attention to risk-based decision-making, reduced duplication, and possible General Fund support for plan implementation rather than relying only on fees. Earthjustice argued DTSC remains too slow and that communities continue to suffer from long-delayed permits and weak protections, urging the Legislature to take a more active role and to prioritize eliminating hazardous substances rather than minimizing costs. Committee members pressed the witnesses on permit renewals, community impacts, and the pace of the safer consumer products program, while DTSC defended its progress and said further legislative collaboration may be needed on hazardous waste management and emerging waste streams.

Transcript Highlights:

• And is it going to take into account how districts purchase curriculum as well and how funding sources
• Source awareness down to the district level means those county offices of education are working with
• To support schools in procuring more locally sourced, whole, or minimally processed foods for freshly
• We all know that school meals are a vital source of nutrition and complete meals, and universal access
• So everybody received some amount as long as they opted in, and it sounds like the vast majority did

Transcript Highlights:

• It saves our clean water sources, it saves industry money in the long run, and makes industry's impact
• Well, not $500 billion, but... a lot of money towards transmission and creating new sources of water
• conservation, and this is just one more opportunity for us to protect our clean water sources.
• So here are some of the major issues: there are no minimum construction standards when waste is buried
• Generally in those situations, only one major interest is the one that does all the negotiating.

Bills: HB3619 , HB3652 , HB4572 , HB4891 , HB4941 , HB5103 , HB5105 , HB5106 , HB5224 , HB5600

Committee: House Energy Resources

Keywords: surface estate, well plugging, Railroad Commission, landowner rights, liability, strategic reserve, gas supply, petroleum products, disaster response, Railroad Commission of Texas, energy security, emergency planning, oil and gas waste, environmental regulation, waste management, mining pits, groundwater monitoring, regulation, commercial disposal facilities, environmental standards

Transcript Highlights:

• And the way I always think of it is, I even wrote an essay for a major university once: real estate is
• In the world of money, if you look at contracts or joint ventures or combined sources of funding, this
• I believe that the legacy fund cannot be a majority owner of any economic, any commercial enterprise.
• You would have to, if you really wanted to be the majority owner of a large project, you'd have to go
• But you also, the revenue sources, the only way you grow is bring it from outside and bring it in.

Summary: The committee met to approve prior minutes and receive updates on the Legacy Fund transparency website and fund performance. Staff reported the website procurement was in contract negotiations, with a planned go-live around November 1, and that the site would provide downloadable, more transparent information on fund holdings, allocations, history, and legislative appropriations while protecting confidential data. The investment office then reviewed performance through January 2026, describing strong returns relative to benchmarks, noting real estate and fixed income as weaker areas, and explaining that the fund’s diversification and internal management had helped offset market volatility, including recent geopolitical impacts. Members also discussed the in-state investment program, especially the Bank of North Dakota’s CD-match allocation. Several members questioned whether the program had been static for years and whether the uncommitted balance should remain parked there if it was not being used. The committee voted to pause further transfers into the program until the Bank provides a report and the committee can consider possible statutory changes; the motion also requested a cost-benefit analysis from RVK, and it passed by roll call vote. In the afternoon, RVK presented its review of the investment policy statement as it relates to the in-state investment program. The consultant said it found no major policy impediments, and that implementers and stakeholders generally felt the program was proceeding as intended. RVK emphasized best practices such as third-party due diligence, competitive risk-adjusted returns, diversification, pacing, and exit strategies, while cautioning that required lower-return investments or spending commitments can create pressure on the fund’s long-term real value. The consultant also raised ancillary concerns about state-level concentration risk, the need to distinguish between public and commercial infrastructure, and the lack of a central repository for all state funding commitments to the same projects.

Transcript Highlights:

• H.R. 1, enacted in July 2025, makes major long-term changes to CalFresh by reducing eligibility, H.R.
• 1, enacted in July 2025, makes major long-term changes to CalFresh by reducing eligibility, lowering
• And for more than half of this group, 56%, in any given month, CalFresh is their only recorded source
• The reality is that people experiencing hunger often need help from multiple sources.
• The reality is that people that are experiencing hunger often need help from multiple sources.

Summary: The joint informational hearing focused on CalFresh enrollment, food insecurity in California, the recent federal shutdown’s disruption of SNAP benefits, and the long-term effects of H.R. 1 on eligibility, benefits, and state and county costs. Opening remarks emphasized that millions of Californians rely on CalFresh, that the shutdown briefly delayed benefits for the first time in the program’s history, and that state and local governments, including Alameda County, stepped in with emergency food aid and funding. Members also framed the issue as both a hunger and affordability problem, with several noting that California’s agricultural abundance contrasts sharply with persistent food insecurity. The first panel presented research and advocacy perspectives on food hardship. PPIC’s Tess Thorman described food insecurity rates, disparities affecting households with children and Black and Latino households, and the role of nutrition programs in reducing poverty. Nourish California’s Betzabel Estudio argued that hunger is a policy choice and highlighted campaigns to expand state-funded food assistance for immigrants, support reentry populations, and continue the CalFresh fruit-and-vegetable incentive program. The California Association of Food Banks’ Josh Wright said food banks are seeing sustained high demand, lower federal food supplies, and cannot replace CalFresh, while urging more state support for food purchasing, school meals, and SunBucks. The second panel reviewed CalFresh operations and participation. The California Department of Social Services reported that CalFresh participation has risen over the past decade, with the state closing much of the participation gap through outreach, simplified applications, and demonstration projects such as the Elderly Simplified Application Project and a minimum nutrition benefit pilot. Alameda County Social Services described local caseloads, application trends, and emergency food distributions during the shutdown, while also warning that H.R. 1’s work requirements, immigrant eligibility restrictions, and possible cost-sharing could reduce enrollment. A student CalFresh ambassador testified about the burdensome application and recertification process and urged more funding for campus basic-needs centers and outreach to reduce stigma and administrative friction. In the final panel, county, food bank, and policy witnesses described the shutdown response and the expected impact of H.R. 1. Alameda County Community Food Bank and the County Welfare Directors Association said counties, food banks, and community partners mobilized emergency funds, pop-up pantries, and food purchasing to bridge the shutdown gap, but warned that hundreds of thousands of Californians could lose benefits under the new federal rules. The California Budget and Policy Center began outlining the scale of federal cuts, noting that H.R. 1 will significantly reduce SNAP funding and shift costs to states. No votes or formal committee actions were taken; the hearing was informational and concluded with discussion of possible state responses, including backfilling benefits, preserving outreach funding, and improving administrative systems to protect enrollment.