Transcript Highlights:

• There could be others that are direct federal programs.
• There could be others that are direct federal programs.
• Is it a loan that's what I'd call evergreen?
• The payoff of that loan will end in June, and so we won't be pulling any money off of this loan until
• This loan, this specific $4.7 million—what are you using those loan proceeds for?

Summary: The committee considered several appropriation and transfer requests, beginning with a $273,000 temporary appropriation for the Department of Labor and Licensing to cover administrative costs for its enterprise licensing platform, funded by license and application fees. It then reviewed two large Infrastructure Investment and Jobs Act requests: $280 million for the Department of Transportation for the final quarter of the fiscal year, and $195 million for the State Broadband Office to support the Arkansas BEAD broadband grant program, including an extra help position and grants to internet service providers. The broadband item drew extensive questions about awardees, contract amendments, accountability, build-out timelines, backup plans if providers default, the definition of broadband serviceable locations, and the cost per location. The State Broadband Director said no providers had requested amendments, the program would use milestone-based disbursements and a four-year build-out period, and the first tranche would serve 51,566 homes and businesses with $126.1 million in grants. Both Section B and Section C items were approved. In Section D, the committee approved a $458,000 transfer within the Department of Correction from the female work release program to the Tucker Unit water treatment plant, a $25 million transfer within the Department of Education to cover declining enrollment, teacher incentive, school recognition, and Easter Seals funding, and a $229,000 transfer for the Department of Shared Administrative Services to support two project management office positions. The education transfer prompted questions about how declining enrollment funding is calculated, how many districts receive it, and how long districts can continue to receive it; agency staff said 152 districts were on the preliminary list and the formula is based on the prior two-year average ADM compared with the previous year. The committee also gave favorable advice on a proposed $4.7 million loan for the Office of State Technology to implement ServiceNow and related IT modernization tools; agency officials said the loan would be repaid through cost recovery rates over five years and would replace an existing loan that is ending, with expected savings from consolidating applications but no precise savings estimate yet. The committee then reviewed cash fund and federal grant requests, including $200,000 for wage and hour claimant payments, $15 million for unclaimed property claims, $8,000 for a heritage program grant, and $1.1 million for a College and Career Coaches grant to expand services in rural districts. It also reviewed pay plan and budget manual items without objection. The most extensive report discussion focused on the Medicaid trust fund, where DHS and DFA officials said the balance has been declining and that the state may need to add capital back into the fund. Senators and representatives asked about the current balance, the projected year-end level, the role of the $100 million set-aside, the impact of outstanding Medicaid rules from the prior session, and whether future federal funding could help reduce long-term Medicaid costs. Officials said they are still working through more than 10 outstanding rules with CMS and do not yet have a final price tag for those changes. The meeting ended after the reports were reviewed and the committee adjourned.

Transcript Highlights:

• The emerging contaminants loan will be a 100% principal forgiveness loan.
• The emerging contaminants loan will be a 100% principal forgiveness loan.
• The emerging contaminants loan will be a 100% principal forgiveness loan.
• Um, on the fund B and the fund<00:34:00.000> F<00:34:00.240> loan fund F loan fund F loan
• would not um give loan proceeds to them. would not um give loan proceeds to them.

Keywords: 0:00:08 Call to Order and Roll Call 0:00:38 Approval of Minutes 0:01:02 Information Items 0:02:17 Lease Rpt from Postsecondary Institutions 0:06:42 Project Rpt from Finance and Administration Cabinet 0:15:03 Lease Rpt from Finance and Administration Cabinet 0:24:00 Rpt from OFM – KY Infrastructure Authority 0:42:55 Economic Development Fund Grants 0:53:38 Rpt from OFM – New Debt Issues 1:16:33 Remaining 2025 Meeting Dates 1:16:45 Adjournment, 958, all

Summary: The committee first handled routine business, including roll call, approval of the July minutes, and several informational reports. Those reports included a University of Kentucky restricted-fund medical equipment purchase for Chandler Hospital, debt issues for five school districts, Eastern Kentucky University’s planned model laboratory school using construction management risk delivery, a Division of Real Properties lease advertisement, Kentucky Communications Network Authority quarterly project reports, and EKU asset preservation revisions. Members then heard and approved a new UK St. Clair Urgent Care Clinic lease in Morehead and an amendment expanding space for the UK Family and Community Medicine Clinic at Turflin Clinic. Testimony explained that both properties are privately owned, the Morehead lease predated the UK/St. Clair arrangement, and the Turflin Clinic is tight on space. The committee also approved three new projects and an appropriation increase: two Department of Military Affairs projects, a Window Ford Training Center underground electric project and a Williamsburg Readiness Center interior repair project, a Fish and Wildlife property acquisition adjoining Veterans Memorial Wildlife Management Area, and an $8.113 million increase for the Department of Revenue integrated tax system (DORIS). The DORIS increase was described as needed for change orders tied to legislation and to complete the unified tax system. The committee next reviewed no-action items, including a $3 million emergency flood-damage repair project for the Bush Building and Vest-Lindsay House in Frankfort, and three pool projects over $1 million: a Kentucky Correctional Institute for Women window replacement phase 2 project, a Department of Criminal Justice Training interior refurbishment at Thompson Hall, and the Muddy Gut Branch stream mitigation project in Johnson County. The flood project was confirmed to be fully reimbursed by insurance proceeds. Finally, the Kentucky Infrastructure Authority presented six loans and nine grants. Action items included water and sewer financing for Cumberland County, Lebanon, Northern Kentucky Water District, Lewisport, and Providence, plus a major Taylor Mill treatment plant project and several cleaner water grants and reallocations. Members asked about loan rates, local rate increases needed to repay debt, and the Providence emergency water interconnect; staff explained that Lewisport had begun a rate increase process, and that the Providence project would connect Webster County Water District and the city of Providence to stabilize pressure after a systemwide failure. All action items were approved.

Bills: SB330, SB2069, SB2095, SB1721, SB1433, SB1316, SB1280, SB1455, SB1456, SB1457, SB1459, SB1461, SB1463, SB1465, SB1466, HJR1088, SB1684, SB378, SB1447, SB1920, SB1443, HR1047, SB1877, SB1884, SB1365, SB2174, SB1525, SB1810, SB1771, SB1805, SB1916, SB1530, SB1847, SB1990, SB2060, SB1992, SB1579, SB1778, SB2132, SB1623, SB2067, SB1589, SB1441, SB1224, SB372, SB1232, SB1264, SB1450, SB2011, SB2030, SB1980, SB1936, SB1477, SB1593, SB1725, SB1670, SB1480, SB1726, SB1633, SB1735, SB1632, SB1277, SB1217, SB1826, SB1824, SB1813, SB1326, SB1937, SB1641

Keywords: elk population, wildlife management, Oklahoma State University, veterinary medicine, ecosystem health, habitat assessment, waterfowl hunting, crane hunting, hunting guide, hunting outfitter, wildlife conservation, commercial hunting, outfitter license, guide license, hunting services, licensed guide, licensed outfitter, game and fish, hunting for compensation, waterfowl guide

Transcript Highlights:

• loan.
• I know for most of them these are going to be 10% loans, so these are not major loans.
• repay that loan.
• And without a loan.
• some of those programs and then alternative certification programs.

Transcript Highlights:

• KIA loan amount to 2,939,475.
• Planning and design loans are offered as five-year loans, and this loan has a 2.75% interest rate and
• This will bring their total KIA loan This will bring their total KIA loan amount<00:13:42.639>
• Uh their loan is in the Flatwoods.
• <00:23:35.039> single KHC home buyer program. Yeah. single KHC home buyer program.

Keywords: November 20, 2025 00:12 Call to Order and Roll Call 00:58 Information Items 06:50 Finance and Administration Cabinet 09:10 KY Infrastructure Authority 21:20 Office of Financial Management 29:14 Meeting Recessed 44:58 Reconvened 45:07 Approval of Minutes 46:35 Next Meeting Date 47:05 Adjournment, 958, all

Summary: The committee met without a quorum for much of the meeting, so several agenda items were initially heard only for information. Early updates included six informational reports, such as an Auditor of Public Accounts compliance examination with no findings, university equipment and allocation reports, school district bond issuances, Western Kentucky University’s planned public-private partnership housing redevelopment, and quarterly Kentucky Communications Network Authority reports. Members then questioned WKU officials about the P3 housing project, including the number of RFQ responses, property tax responsibility, ownership of the student life foundation, and the status of repairs to residence halls. WKU said the foundation has owned the property since 2000, one hall would be razed or demolished at the end of the academic year, and repairs to the other two were expected to be completed by fall 2027. The committee also heard a Department of Fish and Wildlife Resources acquisition project for Mount River Farms in Wayne County and a Department of Corrections roof replacement project at Luther Luckett Correctional Complex, but no votes were taken until a quorum was later established. The Kentucky Infrastructure Authority then presented six loans and four grant reallocations, including loan increases for Adair County Water District and the City of Harlan, new loans for Litchfield, Louisa, Southeastern Water Association, and Flatwoods, and grant reallocations under the Cleaner Water Program. Members asked about Harlan’s 30-year term and special condition requiring a revenue increase; KIA explained the longer term is reserved for disadvantaged communities and that the condition was meant to reinforce standard debt coverage requirements, while depreciation is reviewed but not included in cash-flow calculations. After a recess, Senator Thomas arrived and a quorum was reached. The committee approved the prior minutes and then took a consolidated vote on the action items, which passed. The final items included a Kentucky Economic Development Authority revenue bond refunding for CommonSpirit Health, several Kentucky Housing Corporation conduit and single-family bond issuances, a Western Kentucky University bond issuance, and SFCC debt issues. Members discussed the housing transactions, noting they are developer-financed and not subject to a traditional bidding process, and expressed concern about whether the process could produce more units for the same amount of money. The meeting adjourned after all information items were approved and the next meeting date was announced.

Transcript Highlights:

• The RFA beginning farmer loan program helped us kind of fill the gap there.
• Loan program which was beginning farmer Loan program which was one<00:04:24.400> of<00:04:24.520
• <00:04:44.120> of<00:04:44.400> fill<00:04:44.720> the Loan program helped us
• kind of fill the Loan program helped us kind of fill the Gap<00:04:45.240> there<00:04:46.160
• The RFA's loan programs, including the beginning farmer loan program and restructuring loan program,

Keywords: 1183, house

Transcript Highlights:

• repayment program.
• repayment program.
• repayment program.
• loan repayment program.<00:03:59.280> On<00:03:59.519> line<00:03:59.760> 34,<00
• To reduce the appropriation for the rural veterinarian loan repayment program by $100,000 per biennium

Keywords: 1183, house

Transcript Highlights:

• open<00:13:25.120> to have a loan program that is open to have a loan program that is open
• And just to is the access loan program.
• So we've loan program uh that we have.
• <00:40:28.720> that of our loan program and uh others that of our loan program and uh others
• I um uh companion state loan program.

Keywords: 958, all

Summary: The committee heard testimony focused on barriers facing minority-owned businesses and on local programs intended to improve access to capital and contracting opportunities. A representative from the U.S. Black Chambers described disparities in minority spending, argued for more intentional and transparent investment in Black communities, and emphasized the need to disaggregate data, hold officials accountable, and expand tools such as the byBlack certification directory. He also stressed that businesses need technical assistance, resources, and opportunities to grow through mergers, consortiums, and joint ventures. The main presentation then came from Larry Forester and Tyrone of Commerce Lexington, who outlined what they called eight major barriers for minority businesses, including limited access to capital, weak mentorship networks, discrimination and bias, bureaucratic hurdles, branding and visibility challenges, stereotyping, generational knowledge gaps, and limited financial literacy. They described several Commerce Lexington initiatives: the Access Loan Program, which brings small businesses before a pool of 26 lenders; a Minority Business Accelerator to help firms scale and connect with prime contractors; and an Opportunity Exchange for business owners to share experiences and lessons learned. They said the Access Loan Program has funded nearly $26 million in loans with an average loan size of about $62,000. Members asked about bias in lending and how to make contracting and certification easier for minority firms. Forester said applications are vetted by a subcommittee before reaching the full lender group, with attention to completeness and readiness, and that only one lender needs to say yes. On contracting, the witnesses said certification can be burdensome and suggested more hands-on help from the state, relationship-building events that include decision-makers, and incentives rather than mandates. They also relayed policy ideas from a business owner, including culturally informed underwriting, public-private matching grants, supplier diversity enforcement, and mentorship tied to capital access. No votes or formal committee actions were taken in the portion provided.

Transcript Highlights:

• service coverage ratio loan.
• , family loans, household loans from the fee cap.
• <00:41:48.800> That's service cover ratio loan. That's service cover ratio loan.
• loans, household loans from the fee cap. loans, household loans from the fee cap.
• the program?

Keywords: 1187, senate, all

Transcript Highlights:

• Uh, this is the transfer bill that creates the Gulf Coast Restoration Revolving Loan Program, especially
• What will happen in this program is this will be a low-interest loan for eligible projects.
• I think you're familiar that they have a program that's already called the MDA small business loan program
• The School District Emerging Bridge Loan Program is $625,000. The State General Fund is $44,876.
• The GCRF Loan Revolving Loan Program Fund is $14,729,000.

Keywords: MS Senate Floor - 2 April, 2026; 10:00 AM, 925, all

Transcript Highlights:

• We conduct file audits on 10% of closed loans for program compliance and review all closed loan files
• Representative B, um, out of the 600 participants that took advantage of the loan program, how much money
• Loan program how much advantage of the Loan program how much money<01:16:15.520> was<01:16:15.719
• So why not do this program differently instead of a forgivable loan?
• That is what this program does. It is a forgivable loan, so they do have to meet requirements.

Keywords: 1183, house

Transcript Highlights:

• designed program in our estimation. designed program in our estimation.
• language of this program predated MnDOT's program.
• of this program predated MnDOT's program.
• to our construction program. to our construction program.
• program?

Keywords: 1187, senate, all

Transcript Highlights:

• It prohibits the use of federal direct student loans to enroll students in an education program with
• It prohibits the use of federal direct student loans to enroll students in an education program with
• In the 2023–24 fiscal year, UC students received $223 million through the Graduate PLUS Loan Program.
• In the 2023–24 fiscal year, UC students received $223 million through the Graduate PLUS Loan Program.
• They'll have to go to unsubsidized loans. It'll make the programs more expensive.

Summary: The Assembly Budget Subcommittee on Accountability and Oversight held its fifth hearing of the year to examine the newly enacted federal H.R. 1 and its effects on California. Members and the chair described the law as a major threat to state health, food, education, and climate programs, and emphasized that California would not be able to fully backfill the federal cuts. Several members also highlighted the bill’s tax provisions, including temporary deductions for tips, overtime, seniors, and auto loan interest, while warning that the largest benefits flow to higher-income taxpayers and that major cuts to Medi-Cal, CalFresh, and clean-energy incentives are delayed or phased in over time. The Legislative Analyst’s Office and the Department of Finance presented detailed overviews of the bill’s likely impacts and implementation timelines. They identified the main affected areas as health care coverage and financing, food assistance, higher education, personal income taxes, and clean-energy/electric-vehicle credits. They explained that H.R. 1 limits provider taxes used to finance Medi-Cal, adds work and redetermination requirements, restricts CalFresh eligibility and increases state costs, changes student loan and Pell Grant rules, extends and modifies federal tax provisions, and phases out many clean-energy credits. Finance also noted major rescissions of Inflation Reduction Act funds, new border and immigration enforcement spending, and the possibility of PAYGO sequestration if Congress does not act to offset the deficit increase. During member questions, the committee focused on likely enrollment losses, administrative burdens, and fiscal exposure for the state and counties. Witnesses said many details still depend on federal guidance, but they estimated significant impacts on Medi-Cal, CalFresh, and graduate/professional student borrowing, and noted that California’s high CalFresh error rate could increase state costs. UC testified that the elimination of Graduate PLUS loans would affect thousands of professional students, especially in health, law, and other high-cost programs. Members asked for follow-up data on county, health, and tax impacts, and staff agreed to provide additional tables and estimates as implementation guidance becomes clearer. Public commenters from counties, early childhood advocates, health coalitions, disability rights groups, immigrant-rights organizations, and other stakeholders urged the Legislature to mitigate the law’s effects. They warned of higher county costs, reduced access to health care and food assistance, increased administrative burdens, and harm to children, immigrants, people with disabilities, and low-income families. Several urged new state revenue solutions and stronger protections for Medi-Cal, CalFresh, child care, and home- and community-based services. No votes were taken; the hearing was informational and ended with a commitment to continue monitoring federal guidance and to work on state responses in the budget process.

Transcript Highlights:

• project and then we'd look for The Loan project and then we'd look for The Loan program<00:25:48.279
• <00:26:21.679> program just be another ask of the Loan program just be another ask of the
• the next year so and we see the Loan the next year so and we see the Loan program<00:26:54.760><
• Loan program office staff on both the Loan program office staff on both the solar<00:27:50.519> for
• <00:29:53.320> so<00:29:53.760> key the the loans program office is so key the the loans

Bills: HF1013, HF1598, HF1656, HF2162

Keywords: energy, economic development, funding, renewable resources, Clean Energy Economy Minnesota, air ventilation, geothermal, school financing, Minnesota Climate Innovative Finance Authority, geothermal energy, renewable energy, construction funding, Como Zoo, energy efficiency, HF2162, Minnesota, planning grants, renewable development account, clean energy, Department of Commerce

Transcript Highlights:

• loans with very few grants.
• mature, there'll be more programming coming back to replenish that program.
• the loan and if it's possible to make the loan or to administer the grant.
• Development Program.
• program, our Destination Forward program, and our Clean and Beautiful program.

Transcript Highlights:

• These programs that we funded programs.
• We do many programs, and WOS is part of four programs that we do.
• And as they go through programs, you know, we do have a detailed loan policy as a community development
• 260 loans.
• improve their programming. improve their programming.

Keywords: 1187, senate, all

Transcript Highlights:

• The first program that I'll go over is the Rural Infrastructure Program.
• So, rather than giving them one loan for $151 million, we're giving them three loans.
• At the DOE Loan Programs Office (LPO), there is a new category of loans that they started giving out.
• Together, the state and the developer go to the loans program office to seek below-market rate loans
• We are in talks with the geothermal developer for one of these loans. Those loans.

Transcript Highlights:

• actually also hold a distressed hospital loan from the Distressed Hospital Loan program.
• But something like the Distressed Hospital Loan Program considered a wider array of measures.
• But comparing this program to the existing Distressed Hospital Loan Program, the intention is for this
• You know, some of the same ratios that we used in the distressed hospital loan program.
• The department's current general fund loan authority has remained flat for all programs except IHSS.

Keywords: 987, senate, all

Summary: The hearing opened with Department of Finance and Legislative Analyst’s Office remarks on the May Revision, which both described efforts to reduce large out-year operating deficits through a mix of revenue increases, spending reductions, and reserve use. Finance said the May Revision more than halves projected deficits in later years, while LAO stressed that revenues are at unprecedented levels yet the state still faces a significant structural deficit and is drawing down reserves; LAO urged maintaining at least the administration’s level of budget solutions and adding to reserves rather than new ongoing commitments. The chair echoed concern about cuts to vulnerable populations and noted the tension between service reductions and requests for additional administrative positions. The committee then heard a series of California Health and Human Services and HCAI proposals, including additional legal support for CalHHS to respond to federal HR1 changes; a net-zero transfer of positions for a centralized eligibility/data-sharing platform; 988 crisis line implementation funding and continued work with the Trevor Project to train crisis centers to better serve LGBTQ youth; EMS data system maintenance funding; HCAI implementation of AB 1312 hospital charity care screening; SB 660 data exchange framework funding; CalRx biosimilar insulin reappropriation; and a diaper access initiative that would provide free diapers to newborns in participating hospitals and support a future direct-to-consumer purchasing option. Members questioned the diaper program’s universal design, the use of a Public Contract Code exemption, and the selection of Baby2Baby, with the chair expressing concern about optics and the lack of an income threshold. The committee also discussed distressed hospital funding, with HCAI requesting up to $50 million for another round of grants to hospitals in immediate financial distress. HCAI said it receives annual and quarterly financial reports but the data lag limits real-time monitoring, and the LAO recommended stronger program parameters and turnaround plans. Members argued the repeated need for distressed hospital aid reflects a structural problem, not a short-term gap, and raised broader concerns about hospital reimbursement and patient flow. Other items included reverting $19.6 million in unused opioid settlement funds from HCAI to DHCS for General Fund offset, and a Rural Health Transformation Program request to increase HCAI spending authority to cover the full federal award. Later, DMHC presented funding requests to implement PBM licensing and financial review requirements under AB 116, modernize the managed care complaint system, and build an electronic claims settlement data system under AB 3275. The final major discussion focused on the Behavioral Health Services Oversight and Accountability Commission, which opposed the May Revision’s proposed reduction of its Innovation Partnership Fund from $20 million to $10 million and a $6.7 million cut to community advocacy grants. The Commission argued these programs are core to Proposition 1’s goals of statewide innovation and community accountability, while Finance said the proposal is consistent with Proposition 1’s maximum funding levels and reflects a broader effort to prioritize direct services and use unspent prior-year funds; members pressed for more information and questioned whether the cuts would undermine the new behavioral health framework.

Transcript Highlights:

• , largely for graduate students, and it also creates new federal student loan repayment programs and
• The changes to Pell grants, student loans, and loan repayment program would take effect next year, and
• It prohibits the use of federal direct student loans to enroll students in an education program with
• In 23-24. fiscal year, UC students received $223 million through the Graduate Plus Loan Program.
• They'll have to go to the unsubsidized loans. It'll make the programs more expensive.

Keywords: 988, house, all

Transcript Highlights:

• Creates the construction impact relief revolving loan program under the Department of Commerce to provide
• So we don't have a program that gives grants currently under the program Ridge.
• So I understand that how does or how would commerce contemplate giving out this loan program in the situation
• where your giving out this loan program in the situation where your downtown public works, projects
• Partnership program must include a strategy for providing program funds to mobile home owners including

Keywords: 999, senate, all