Video & Transcript : 'event subsidies' :

Page 76 of 500
CA
Transcript Highlights:
  • to the chair's questioning, how can CARB ensure the recipients of the MDI are actually using the subsidy
  • Number one, Cal Fire should be 100% funded by the General Fund, and if we're not making... subsidies
  • We urge CARB to abandon the recent changes that open more market and facilities, subsidies to biogas
  • We are looking for, the proposal gives billions of dollars of subsidies to the oil and gas industry,
  • program, and, two, slashes affordability benefits at the expense of Californians to provide more subsidies
Keywords: 988, house, all
NM

New Mexico 2026 Regular Session

House - Appropriations and Finance Jan 15th, 2026 at 01:36 pm

House Appropriations & Finance

Transcript Highlights:
  • This particular subsidy is super important for all public safety agencies throughout the state of New
  • , and tribes throughout the state, require a robust public information campaign to ensure we hold events
  • We provided the necessary guidance on what needs to be done in terms of sequence of events and whom to
  • But more than that, in the event of a disaster, they would work together.
Keywords: 996, all
TX

Texas 89th 2nd C.S.

Agriculture & Livestock Mar 4th, 2025

Agriculture & Livestock

Transcript Highlights:
  • And, uh, and so when we're packing lunches for kids, taxpayer subsidy lunches, Um, should we not be able
  • Uh, unfortunately, in, in, uh, March of 24, we had a spillover event that went into lactating dairy cattle
  • Um, but yes, Mexico usually uses a hurricane or a major water event, but, uh, two years ago.
  • Um, they had that, that water event and they didn't release it.
CA

California 2025-2026 Regular Session

Assembly Budget Committee Feb 10th, 2025

Budget

Transcript Highlights:
  • echoed, you know, that if there's or what are we doing to prepare if we see, whether it's a black swan event
  • I would say if there are the types of events that you mentioned occurring, then we would have to make
  • Because just like there is a downside risk, if you prepare for the worst-case scenario, the black swan event
  • making co-payments between $100 and $400 or more every month to cover the difference between what the subsidy
Committee: House Budget
Keywords: 988, house, all
HI

Hawaii 2025 Regular Session

HSH Info Briefing - Fri Nov 7, 2025 @ 1:30 PM HST

Hawaii House Floor Meeting

Transcript Highlights:
  • At that same time, there were the Maui wildfires, so this dual event: we took this three-month pause.
  • If you don't meet the work requirements here, you get no subsidies there.
  • If you don't meet the work requirements here, you get no subsidies there.
  • If you don't meet the work requirements here, you get no subsidies there.
  • If you don't meet the work requirements here, you get no subsidies there.
Keywords: 910, house, all
Summary: The House Committee on Human Services held an informational briefing on the impacts of federal funding cuts, inflation, labor shortages, and chronic underfunding on Hawaii’s nonprofit social safety net. Hawaii Community Foundation opened with a story about a federal worker family relying on food pantry support, then described a “perfect storm” facing human services nonprofits: historically high demand, rising costs, staffing challenges, federal cuts, and state and county contracts that do not cover true service costs. The foundation said it has reactivated its Hawaii Resilience Fund, launched strengthened service grants, and is tracking policy changes and data to help nonprofits respond. Trey Gordner of UHERO presented research on the vulnerability of Hawaii’s nonprofit sector, explaining a framework that assessed political, financial, and structural risk. He said about 8,200 501(c)(3) nonprofits are active in Hawaii, but only about 200 receive direct federal funds; 74 grants to 59 organizations were flagged as politically at risk, totaling about $126 million in unpaid obligations. He said about 68 of the direct-funding recipients rely on federal funds for more than 20% of annual revenue, and that human services nonprofits are among the most exposed subsectors because they serve vulnerable populations and depend heavily on federal support. Catholic Charities Hawaii and the Hawaii True Cost Coalition said community-based organizations were already under strain before the current crisis, with most contracts not covering full costs and many groups depending on private philanthropy to fill gaps. They reported that half of surveyed organizations expect to reduce programs, more than a third may decline future contracts, and some are waiting months for reimbursements. Examples included reduced shelter admissions, fewer case management hours, and cutbacks in kūpuna services. The coalition urged higher contract rates, regular inflation and cost-of-living reviews, and timely reimbursement; no votes or formal actions were taken. Partners in Development Foundation described the loss of Native Hawaiian education funding as especially damaging, saying the federal Department of Education has zeroed out support that creates a roughly $46 million gap, including about $20 million for early childhood programs. The speaker shared a family story from the Nā Pono program to illustrate how early learning services support both children and parents, and warned that the organization’s federal funds make up 72% of its budget. The briefing ended with a call for continued emergency funding and longer-term structural changes to sustain nonprofits statewide.
CA

California 2025-2026 Regular Session

Senate Housing Committee Apr 15th, 2026

Housing

Transcript Highlights:
  • Hey, we’re no longer going to build this range of housing that we can’t afford to build because the subsidy
  • order to support what you know from your own financial analysis here requires a substantial public subsidy
  • that is... ...from your own financial analysis here requires a substantial public subsidy that is out
  • The biggest barrier we have to creating permanent housing in California is really the subsidy that's
Committee: Senate Housing
Summary: The committee heard SB 866, which would require jurisdictions that do not receive HAP grants to include homelessness data, strategies, and regional coordination in their housing elements. The author and supporters said the bill would close a gap in planning and create more consistent, data-driven local responses to homelessness. Opponents, including the League of California Cities and several cities, argued the bill would impose costly and duplicative reporting requirements on small jurisdictions, require data cities cannot control, and should instead be aligned with existing regional planning processes. Members raised concerns about burden on small cities, but also emphasized the need for statewide, standardized homelessness planning. The committee then heard SB 967, which would allow jurisdictions to count qualifying interim housing toward a portion of their acutely low-income RHNA obligations, with safeguards against double counting and reporting requirements for moved units. Supporters said interim housing is a faster, less expensive way to get people indoors and should be incentivized as a bridge from encampments to permanent housing. Opponents, including housing law experts and advocacy groups, argued the bill would blur the line between temporary shelter and permanent housing, weaken obligations to build deeply affordable housing, and create a two-tier system for the lowest-income Californians. After discussion, the committee passed SB 967 on a due pass motion to Appropriations, with several members voting aye and the bill held on call for absent members. The committee also considered SCR 131, a resolution calling for a coordinated state effort to end unsheltered homelessness and prioritize a broader set of interventions, including interim housing, prevention, and permanent supportive housing. Supporters described unsheltered homelessness as a moral and public health crisis and urged stronger state alignment and funding. One member explained an abstention based on concerns that the resolution’s language could be read as endorsing more funding without clear metrics or evidence of effectiveness. The author said amendments had already narrowed the language and was open to further changes. The resolution was adopted on a motion, with the roll held open for absent members. Finally, the committee heard SB 1238, which would strengthen oversight and transparency for homeowners associations and HOA management companies, including disclosures, reserve-fund protections, and a fiduciary-duty provision. The author and supporters said the bill would protect homeowners from mismanagement and improve financial clarity in common interest developments. Opponents from community manager and HOA groups said managers are administrative agents, not decision-makers, and objected especially to imposing a fiduciary duty to individual homeowners. Members generally supported the bill but flagged the fiduciary-duty issue and reserve-fund language as areas for further review, noting that some amendments had been agreed to and others would be addressed later in the process.
CA

California 2025-2026 Regular Session

Senate Housing Committee Apr 15th, 2026

Transcript Highlights:
  • hey, we're no longer going to build this range of housing that we can't afford to build because the subsidy
  • order to support what you know from your own financial analysis here requires a substantial public subsidy
  • From your own financial analysis here requires a substantial public subsidy that is out of the range
  • The biggest barrier we have to creating permanent housing in California is really the subsidy that's
Summary: The committee heard several housing-related measures. SB 866 by Senator Blakespear would require jurisdictions that do not receive HAP homelessness grants to include homelessness data strategies and regional coordination in their housing elements. Supporters said the bill would close a planning gap and improve transparency and accountability; opponents, including the League of California Cities and several cities, argued it would impose costly, duplicative reporting requirements and ask cities to collect data outside their control. Members raised concerns about burden on small cities and possible amendments for lower-population or low-homelessness jurisdictions, but no final vote was taken because the committee initially lacked a quorum. SB 967, also by Senator Blakespear, would allow qualifying interim housing units to count toward a portion of a jurisdiction’s RHNA obligation for acutely low-income housing, with safeguards against double counting and reporting requirements. Supporters said the bill would incentivize rapid, dignified interim housing and help move people out of encampments; opponents warned it would blur the line between temporary shelter and permanent housing and could reduce pressure to build deeply affordable permanent units. After extensive debate, the committee reached quorum and voted the bill out on a due pass basis to the Senate Appropriations Committee, with members noting continued work on amendments. The committee also considered SCR 131, a resolution calling for a coordinated state effort to end unsheltered homelessness and prioritize a broad range of interventions, including interim housing, permanent supportive housing, and prevention. Supporters emphasized the scale and urgency of unsheltered homelessness and the need for clearer state goals and funding. One member said the resolution’s language was too broad and abstained, but the author agreed to consider wording changes. The resolution was adopted on a roll call vote and held on call for absent members. Finally, SB 1238 by Senator Wahab would increase oversight and transparency for homeowners associations and HOA managers, including disclosures, reserve-fund rules, and a proposed fiduciary-duty standard. Realtors and homeowner supporters backed the bill as a way to improve accountability, while community-manager groups opposed the fiduciary-duty provision and raised concerns about litigation and insurance costs. Members discussed the reserve-fund language and fiduciary-duty issue, noting that further changes would be considered in the Judiciary Committee; the bill was not yet voted on in this hearing.
CA

California 2025-2026 Regular Session

Senate Housing Committee Apr 15th, 2026

Housing

Transcript Highlights:
  • hey, we're no longer going to build this range of housing that we can't afford to build because the subsidy
  • order to support what you know from your own financial analysis here requires a substantial public subsidy
  • that is... ...from your own financial analysis here requires a substantial public subsidy that is out
  • The biggest barrier we have to creating permanent housing in California is really the subsidy that's
Committee: Senate Housing
Keywords: 987, senate, all
AZ

Arizona 2026 Regular Session

01/21/2026 - House Appropriations

House Appropriations Committee of Reference

Transcript Highlights:
  • On the state employee subsidy, there it is, of $195 million. Is that just bringing it to now?
  • Does that include what proposed subsidy we might do this year? So, Mr.
  • They're not part of the Obamacare subsidy, and they're subsidizing state employees. They're...
  • They're paying that through their taxes and the Obamacare subsidy.
Summary: The Committee of Appropriations met on January 21, 2026, and first considered House Bill 2116, which would appropriate $1 million in fiscal year 2027 to the Colorado River Litigation Fund. The sponsor and Arizona Department of Water Resources both supported the bill, describing it as a backup measure to protect Arizona’s Colorado River entitlements if post-2026 negotiations among the basin states fail. Members discussed how the bill relates to the governor’s separate Colorado River Protection Fund proposal, and staff clarified the two funds serve different purposes. The committee approved HB 2116 on a 17-1 roll call vote. The committee then took up House Bill 2053, which would provide $100,000 for updated stormwater recharge mapping and expand the work beyond state trust lands to private lands. An amendment in the chair’s name was adopted to extend the coordination timeline, broaden the agencies involved, and revise language about mapped sites and appropriable surface water. The sponsor said the bill is intended to identify more places to capture stormwater for recharge rather than letting most rainfall evaporate. ADWR testified neutrally, supporting the mapping effort but raising a concern about language that could be read as requiring the department to determine whether water is appropriable, which it said is a legal question for the courts. The amended bill passed 11-7. House Bill 2148, as amended, was then heard and approved 11-7. The bill would give the legislature authority to appropriate non-custodial federal monies and set requirements for those appropriations. The chair’s amendment excluded federal research grants to universities, university employees, and the Arizona Board of Regents. The sponsor framed the bill as a transparency measure, saying the legislature should know how federal funds are being spent. No outside testimony was offered, and the committee approved the measure after debate about legislative oversight of federal funds. After the bills, the committee received a lengthy JLBC presentation comparing the executive budget with the JLBC baseline. Discussion focused on revenue forecasts, tax conformity, sports betting, lottery and tourism revenue assumptions, SNAP administrative costs and error-rate penalties, developmental disability and Access caseload growth, and K-12 enrollment and ESA spending. Members repeatedly questioned the executive budget’s use of one-time funding for ongoing costs, especially for SNAP administration and DES staffing, and expressed concern about rising supplemental needs and the lack of long-term budget capacity. No votes were taken on the presentation.
AZ

Arizona 2026 Regular Session

01/21/2026 - House Appropriations

Appropriations

Transcript Highlights:
  • On the state employee subsidy, there it is, of $195 million, is that just bringing it to now?
  • Does that include what proposed subsidy we might do this year? So, Mr. Chairman, the base...
  • They're not part of the Obamacare subsidy, and they're subsidizing state employees.
  • They're paying that through their taxes and the Obamacare subsidy.
Bills: HB2053 , HB2116 , HB2148
CA
Transcript Highlights:
  • variety of serious health conditions such as respiratory illnesses, cancers, cardiac and neurological events
  • stability gap, earning between 80% and 120% of the area median income, which leaves them with few subsidies
  • to access the affordability and clean air benefits of driving electric and not allow government subsidies
  • constructing housing already allowed under state or local law, permitting and managing temporary events
  • , bike lanes... ...including mixed-use projects, housing, building expansions, long-term events, bike
Summary: The committee heard a long housing agenda with several bills presented before quorum was established. AB 1725, as amended, would require disclosure of nearby oil wells and methane monitoring issues in a specific district; the author and community witnesses described serious health and safety risks in Vista Hermosa Heights, while the California Apartment Association, California Building Industry Association, and California Chamber of Commerce opposed, arguing the bill targeted the wrong industry and that the state should instead fix abandoned wells directly. AB 2110, a local finance tool to create tax increment districts for workforce housing for education, health care, manufacturing, and public safety workers, drew no witnesses in support or opposition and was presented as a way to help workers live closer to jobs. AB 1732 would expand CEQA streamlining for public university and college housing projects; UC and several housing and labor groups supported it, while housing advocates raised concerns about amendments affecting existing 100% affordable housing exemptions. AB 1771, amended into a study bill, would direct HCD to report on the long-standing resident manager requirement for apartment buildings with 16 or more units; the rental housing industry supported studying the issue, while the chair emphasized the need to consider tenant protections and the impact on current resident managers before changing the law. The committee also heard AB 2185, which would direct state affordable housing programs to update guidelines to better support factory-built housing; it drew broad support from housing, labor, technology, and local government groups, with no opposition. AB 2748 would delay new EV-readiness requirements for 100% affordable housing developments, keeping the prior 40% standard through 2035; supporters said the higher standard would add significant costs and threaten project feasibility, while clean air and transportation advocates argued the code changes are modest, important for equity, and should not be rolled back. Members split along those lines, with some emphasizing housing production and others urging more public subsidy for EV infrastructure rather than delaying the code. SB 417, a proposed $10 billion affordable housing bond for the November ballot, received extensive support from housing organizations, local governments, labor, and business groups, but Habitat for Humanity and the Los Angeles mayor’s office asked for specific allocations for CalHome and interim housing; the bill was ultimately moved to Appropriations on an 8-0 vote, with members noting ongoing negotiations over funding priorities. Finally, AB 1740 would create an urban multimodal community designation for Santa Monica, allowing local approval of certain low-impact coastal-zone activities—such as some housing, bike and bus lanes, outdoor dining, and building changes—without Coastal Commission review. The author and Santa Monica officials said the bill would reduce delays and uncertainty for infill housing and local economic recovery while preserving protections for sensitive coastal resources; supporters included housing, business, and city groups. The Coastal Commission and environmental organizations opposed, saying the bill would carve out broad exemptions, weaken public access and appeal rights, and bypass the local coastal program process that Santa Monica has not completed. Committee members debated the Commission’s role, with some criticizing it for opposing legislation and others arguing the bill was a common-sense way to modernize coastal permitting. A motion and second were made on AB 1740, and the bill was left pending with the committee’s action to be taken when appropriate.
CA

California 2025-2026 Regular Session

Assembly Housing and Community Development Committee Apr 22nd, 2026

Housing and Community Development

Transcript Highlights:
  • variety of serious health conditions such as respiratory illnesses, cancers, cardiac and neurological events
  • stability gap, earning between 80% and 120% of the area median income, which leaves them with few subsidies
  • to access the affordability and clean air benefits of driving electric and not allow government subsidies
  • constructing housing already allowed under state or local law, permitting and managing temporary events
  • , bike lanes... ...including mixed-use projects, housing, building expansions, long-term events, bike
Keywords: 988, house, all
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Cannabis Policy Jun 21st, 2026 at 10:30 am

Joint Committee on Cannabis Policy

Transcript Highlights:
  • From these two events, an utterly brazen category of consumables was born.
  • It deals with crop subsidies; it's thousands of pages.
  • improved warning labels, improved data collection, and establishing a minimum age for cannabis-related events
  • First, we’ve seen a lot of cannabis events in Franklin County, and they have been marketed as family
  • Kaine’s H-156 to establish a minimum age for cannabis event entry.
Keywords: 995, all
Summary: The Joint Committee on Cannabis Policy held a hearing on a broad set of cannabis and hemp bills, with the chairs opening by emphasizing unfinished work on equity, public health, safety, and market stability. The committee heard testimony on House Bill 146, which would create more efficient cannabis testing standards by increasing batch sizes, reducing or eliminating some environmental testing, standardizing lab reporting, and requiring annual scientific review and public data reporting. Industry witnesses, including a representative of the Massachusetts Cannabis Coalition, cultivators, and a testing lab owner, said current testing rules are overly burdensome, costly, and inconsistent, and argued the bill would lower compliance costs while preserving consumer safety. A testing lab witness also said some operators switch labs to obtain higher THC results or pass contaminated batches, and urged greater transparency and better sampling protocols. A major portion of the hearing focused on intoxicating hemp and related bills that would bring hemp-derived intoxicating products under a stronger regulatory framework. Legislators and industry witnesses described products sold in gas stations, smoke shops, and convenience stores as often untested, not age-gated, and sometimes mislabeled or far above the federal hemp THC threshold. Testimony from attorneys and cannabis business leaders said states can regulate these products more strictly under the Farm Bill’s non-preemption language, and pointed to New Jersey and other states as possible models. Some witnesses and committee members stressed that any new rules should avoid harming non-intoxicating CBD businesses or lawful hemp farmers, while others argued that the products are effectively cannabis and should be regulated like cannabis for licensing, testing, age limits, and taxation. The committee also heard extensive public-health testimony in support of bills S. 95, S. 96, S. 97 and their House counterparts H. 191, H. 192, and H. 193. Parents, advocates, and public health professionals urged stronger warning labels, THC potency caps, and improved data collection on cannabis-related harms, citing cannabis-induced psychosis, addiction, anxiety, and youth exposure to high-potency products. Several witnesses said Massachusetts has not done enough to track health outcomes or warn consumers, and referenced other jurisdictions such as Connecticut, Vermont, Colorado, Canada, and Quebec as examples of stronger limits or warnings. No votes or formal actions were taken during the hearing; the committee primarily received testimony and questions.
CA

California 2025-2026 Regular Session

Joint Committee on the Arts May 14th, 2026

Joint Committee on the Arts

Transcript Highlights:
  • in this very room, had a great hearing yesterday on LA 28 and the upcoming international sporting events
  • that increasingly calls on artists to start serving as second responders in times of acute climate events
  • that increasingly calls on artists to start serving as second responders in times of acute climate events
  • platform for career seekers and has, to date, hosted three large-scale careers and entertainment events
  • But while corporations like Amazon and General Motors receive millions in public subsidies, arts organizations
Keywords: 987, senate, all
WA

Washington 2025-2026 Regular Session

Senate Environment, Energy & Technology Feb 24th, 2026 at 01:30 pm

Environment, Energy & Technology

Transcript Highlights:
  • The next bill before you is engrossed second subsidy house bill 2115, an act relating to addressing emergency
  • gross second subsidy house bill 2115, an act relating to addressing emergency emerging large energy
Keywords: 904, all
WA

Washington 2025-2026 Regular Session

House Agriculture & Natural Resources Feb 24th, 2026 at 10:30 am

Agriculture & Natural Resources

Transcript Highlights:
  • recommendations on the design of such a program, including recommendations on reimbursement and subsidies
  • recommendations on the design of such a program, including recommendations on reimbursement and subsidies
Bills: SB5919 , SB5816
WA

Washington 2025-2026 Regular Session

House Appropriations Feb 18th, 2026

Transcript Highlights:
  • state-funded program administered by the Department of Children, Youth, and Families that provides subsidies
  • Child care subsidy-based rates are currently set at the 85th percentile of the 2024 MRS for licensed
Summary: The Appropriations Committee held a public hearing on several bills. Senate Bill 5109 would raise the mortgage lending fraud prosecution surcharge on recorded deeds of trust from $1 to $5 and remove the 2027 sunset on the surcharge and account. Committee staff said the change would generate additional revenue for county auditors and the Department of Financial Institutions to contract with prosecutors; King County and the Washington Association of Prosecuting Attorneys testified in strong support, saying the current funding has eroded and the bill would better sustain mortgage fraud prosecutions. A question was raised about whether other budget funding could serve a similar purpose, but supporters said the dedicated surcharge/account structure was the best fit. No vote was taken. The committee also heard Engrossed Substitute Senate Bill 5500, which would require DCYF’s biennial child care report to include a current cost-of-quality study in addition to the market rate survey. Testifiers from Child Care Aware of Washington, child care providers, and the early education design team supported the bill, saying the market rate survey alone does not capture the true cost of providing quality care. Staff said the bill would have a small fiscal impact for DCYF. The committee then heard Substitute Senate Bill 5834 and Senate Bill 5835, both Department of Retirement Systems request bills: one would broaden use of pension fund interest earnings for fund-protection expenses beyond the 2025-27 biennium, and the other would raise the threshold for lump-sum payment of small monthly benefits from $50 to $250. Neither bill drew public testimony, and staff said the fiscal impacts were minimal. Later, the committee heard Engrossed Senate Bill 5872, which would create the Pre-K Promise Account for ECAP funding and allow gifts, grants, and donations to be used solely to expand the program. Supporters including rural health coalitions, the Balmer Group, and Snohomish County said the account would help expand access to early learning, especially in child care deserts; DCYF estimated staffing costs to administer the account. Substitute Senate Bill 6007 would direct WSIPP to study DCYF’s child welfare screening tools and their effects on outcomes, with a reported cost of about $234,000; there was no public testimony. Engrossed Substitute Senate Bill 6019 would clarify home care agency rate-setting and require that no more than 20% of Medicaid home care rates go to administrative costs, with DSHS saying there would be no fiscal impact. Labor and caregiver witnesses supported it as a parity and accountability measure. Finally, Senate Bill 6065 would allow school districts in binding conditions or enhanced financial oversight to use transportation vehicle funds more flexibly, including temporary loans or permanent transfers with approval; a rural education representative supported the bill, and staff said OSPI would incur only modest administrative costs. The committee took no final action and adjourned after the hearings.
OK

Oklahoma 2026 Regular Session

General Government REVISED: Links added Feb 3rd, 2026 at 01:30 pm

General Government

Transcript Highlights:
  • responds directly to the decades of criticism that blight has become a legal fiction used to justify subsidies
  • I don't think anything when a company comes to The public and asks for a tax subsidy, they ought to have
Bills: HB3310 , HB4311 , HB3841 , HB3024 , HB3075
WA

Washington 2025-2026 Regular Session

House Housing Jan 13th, 2026

Transcript Highlights:
  • So you're basically getting a little federal subsidy because they're foregoing their taxes, and that
  • That's what I would say that the state has, the state is getting this federal subsidy.
Summary: The Housing Committee held public hearings on two bills. HB 2118 would limit homeowners associations’ ability to adopt or enforce new covenant restrictions on the use of a unit that are more onerous than those in place when the owner bought the property, unless the owner agrees in writing. The sponsor said the bill is meant to protect buyers from having the rug pulled out from under them on things like chickens or renting part of a home. Staff explained the bill’s grandfathering and recording provisions, and that it excludes rules required by law. Testimony was split: supporters emphasized fairness, certainty, and protecting relied-upon uses, while opponents from HOA and management groups argued it would create fragmented enforcement, higher costs, administrative complexity, and conflict within communities, and that existing law and court decisions already address these issues. The committee closed the hearing without taking a vote. HB 2236 would update Washington Housing Finance Commission statutes. The bill would allow the commission to make direct mortgage loans, extend the term of the commission attorney, remove advance notice to the state finance committee before bond issuance, repeal the housing finance program and housing finance plan requirements, and revise the commission’s purpose language. The sponsor and commission said the changes would modernize outdated statutes, improve efficiency, and give the commission more flexibility to use its revenues and financing tools for affordable housing, gap financing, preservation, and starter homes. Committee members asked about the commission’s bond structure, default risk, and the meaning of “public funds,” and the commission said the transactions remain third-party and tax-exempt, with no state credit risk. Banking industry witnesses said they generally support the commission’s mission but wanted clearer limits on direct lending and the use of public funds, and they were working with the commission on amendment language. Committee members expressed support for the collaboration and the goal of increasing housing production. No votes were taken; both hearings were closed and the committee adjourned.