Video & Transcript : 'index mutual fund' :

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WA

Washington 2025-2026 Regular Session

Senate Floor Session Feb 11th, 2026

Washington Senate Floor Meeting

Summary: The Senate convened with roll call, the colors presented by the Sons of the American Revolution Color Guard, the Pledge of Allegiance, and a prayer by Pastor Jesse Bradley. The journal was approved, and the chamber received House messages announcing passage of several bills, including House Bill 1687, Engrossed Substitute House Bill 1960, House Bill 102, and Substitute House Bill 1. The Senate then adopted Senate Resolution 8684, which honored Washingtonians with ties to Team USA at the 2026 Olympic and Paralympic Winter Games in Milano-Cortina. Senator Riccelli spoke in support, praising the athletes’ determination and Washington connections. The resolution passed by voice vote. The Senate next considered gubernatorial appointments. Brian C. Bennett was confirmed 49-0 as Director of the Washington State Lottery, with Senator Lovick speaking in support and highlighting Bennett’s public service and transition-team work. Angela Ramirez was then confirmed 49-0 as Secretary of the Department of Social and Health Services, with Senators Claire Wilson and Christian praising her experience, commitment, and attention to human services issues. After the confirmations, the Senate stood at ease for caucuses.
CA

California 2025-2026 Regular Session

Assembly Transportation Committee Sep 8th, 2025

Transcript Highlights:
  • It will be funded by a half-cent sales tax in four counties.
  • And up to 5% of that operator's funding could be withheld until the problem was resolved.
  • for other funding.
  • Otherwise, you know, everyone else is funding to improve, and then you don't have the funding to improve
  • Does the funding go back?
Summary: The Assembly Transportation Committee heard SB 63 by Senator Wiener, as amended and coauthored by Senator Arreguín, a Bay Area transit funding measure intended to avert major service cuts at BART, Muni, Caltrain, and AC Transit. The authors said the region faces a fiscal cliff and that without new revenue, BART could collapse and other systems could face severe reductions. They described the bill as the product of extensive negotiations among the five Bay Area counties and transit operators, with San Mateo and Santa Clara counties opting in during the process. Much of the discussion focused on accountability and governance. Supporters said the bill includes some of the strongest oversight provisions in recent memory, including a third-party efficiency review and ad hoc adjudication committees that can withhold a portion of funding if operators fail to correct problems. Assembly Member Papin and Assembly Member Lackey argued the measure amounts to a taxpayer bailout with insufficient representation and too much control left to MTC, while the authors responded that the bill gives affected counties direct complaint and enforcement authority and that MTC must follow the ad hoc committees’ recommendations. Several members asked about complaint procedures, withholding thresholds, opt-in/opt-out issues, and whether the funding would return to the source counties if withheld. Testimony in support came from SPUR, Caltrain, MTC, the Bay Area Council, BART, SamTrans, VTA, San Francisco MTA, transit coalitions, environmental groups, local governments, and labor. Supporters emphasized the risk of severe service cuts, the importance of preserving recent investments such as Caltrain electrification, and the need for regional self-help. There was no registered opposition witness, though some members spoke against the bill. The committee ultimately voted 11-5 to pass SB 63 as amended to the floor, with the committee amendments also removing urgency language.
WY

Wyoming 2026 Regular Session

Joint Corporations, Elections & Political Subdivisions, May 22, 2026 - AM

Corporations, Elections & Political Subdivisions

Transcript Highlights:
  • They have their issues, and districts are formed around mutual concerns and mutual issues.
  • They have their issues, and districts are formed around mutual concerns and mutual issues.
  • They have their issues, and districts are formed around mutual concerns and mutual issues.
  • mutual mutual concerns<03:57:51.279><c> and</c><03:57:51.600><c> mutual</c><03:57:52.160><c> issues.
  • </c> concerns and mutual issues. concerns and mutual issues.
NE

Nebraska 2025-2026 Regular Session

Legislative Morning Session Apr 17th, 2026

Nebraska Unicameral Floor Meeting

Transcript Highlights:
  • On recipients of Affordable Housing Trust Fund grants: this fund is taxpayer dollars that have an obligation
  • When you get in a capital stack, we're using federal funds, and the large projects use federal funds.
  • When you get in a capital stack, we're using federal funds, and the large projects use federal funds;
  • from the Environmental Trust, the Board of Education lands and funds, veterans, and other trust funds
  • that first year, to the point where with the ARPA funding and the federal funding, we had $2 billion
Bills: LR509 , LR510 , LR511
FL
Transcript Highlights:
  • THE FUNDING FOR THAT PROGRAM HAS CONSISTENTLY BEEN $4 MILLION ANNUALLY THROUGH THE GA.
  • THE PROGRAM WAS STARTED IN 2020 AND WAS ORIGINALLY FUNDED THROUGH CARES FUNDING AND SINCE 2023 THERE
  • WHEN WE GIVE THEM FUNDING AND I AND WHERE THEY WERE FOCUSED.
  • SO WHEN WE GIVE THE FUNDING, ARE WE NOT THEN DIRECTING THE FUNDING WHERE THE GREATEST NEED OR WHERE WE
  • SO THE USE OF THE FUNDS, THESE FUNDS ARE USED FOR TUTORING, LITERACY AND MATH TUTORING.
CA

California 2025-2026 Regular Session

Senate Judiciary Committee Apr 14th, 2026

Transcript Highlights:
  • Importantly, this does not create a general fund cost.
  • Public pension funds invest the retirement savings of workers, and those funds should be subject to clear
  • And it might be interesting to ask who funded those studies. Sure.
  • Who funded the studies?
  • In order to, for example, fund the wildfire fund, a certain amount of money needs to be collected.
Summary: The committee heard several bills and took action on a number of them. SB 1234 by Senator Alvarado-Gil would require fentanyl to be included in drug tests ordered by juvenile courts for parents or guardians in dependency cases; there was no opposition, a committee member confirmed it would apply to caregivers rather than children, and the bill was supported for moving forward. SB 1257 by Senator Arreguín would require the Attorney General to publish an annual public report on immigration enforcement incidents at designated safe locations such as schools, hospitals, courthouses, and places of worship; supporters from immigrant advocacy and health groups testified about fear and chilling effects in communities, while questions focused on how data would be collected and concerns were raised about sanctuary policies. SB 1176 by Senator Choi would bar foreign adversary entities from buying California agricultural land; supporters cited national security concerns, but committee members pressed on enforcement, straw buyers, and who would be responsible for identifying prohibited purchasers, and the bill was held on a 2-4 vote after debate. The committee also heard SB 1146 by Senator Gonzalez, which would require clear disclosure when AI-generated or altered images, audio, or video are used in health-related advertisements depicting health care providers. The California Medical Association and California Dental Association supported the bill, describing deepfake health ads as deceptive and harmful; it passed the committee 7-0 to Appropriations. SB 988 by Senator Grayson would regulate auto glass insurance practices by restricting assignment of benefits, requiring claim numbers and itemized estimates, and addressing steering and billing practices; supporters said it would curb fraud and stabilize premiums, while independent glass businesses worried about steering and market concentration. After discussion of consumer choice and small-business impacts, the bill passed 7-0 to Appropriations. SB 1288, presented by Senator Grayson on behalf of Senator Laird, would require financial institutions to make a good-faith effort to notify beneficiaries of non-probate assets and would reduce barriers to claiming those assets, especially for nonprofits. Nonprofit witnesses described long delays and burdensome account-opening requirements, while SIFMA and bankers opposed the bill unless amended, citing conflicts with federal and industry obligations and concerns about retroactivity and verification. The bill passed 8-0 to call. The committee also heard SB 941 by Senator Padilla, which would cap commissary markups in private immigration detention facilities at 35% above vendor cost; the Attorney General’s office and immigrant advocates supported it as a response to exploitative pricing and poor conditions, and it passed 8-0 to call. Finally, SB 909 by Senator Smallwood-Cuevas would raise and index public works contractor fees and penalties and dedicate more penalty revenue to enforcement; labor supporters said stronger funding is needed to address wage theft and backlogs, while contractors opposed the fee and penalty structure as uncapped and costly. The bill was moved forward on a vote and remained on call after committee discussion.
CA
Transcript Highlights:
  • This bill also ties future adjustments to the California Consumer Price Index to ensure the cap stays
  • 137 has allowed for SVTAP contracts to have security regardless of a continuous stream of federal funds
  • to proactively shore up the state's technical assistance network in light of the evolving federal funding
  • SB 769 creates a flexible, revolving fund to support the financing of large infrastructure projects by
  • SB 769 creates the Golden State Infrastructure Fund, a new financing mechanism that allows the state
Summary: The Assembly Committee on Economic Development, Growth, and Household Impact met on July 11, 2025, and heard six measures focused on small business contracting, ports and trade, local economic development, clean energy transition, tariff impacts, and infrastructure finance. SB 70 would raise the Small Business Procurement and Contract Act contract cap from $250,000 to $350,000 and index it to inflation; supporters said it would reflect current economic conditions, while opponents argued it could reduce transparency, favor larger firms, and strain small businesses’ ability to carry inventory and wait for payment. The bill was approved 7-0 to Appropriations. AJR 14 urged federal agencies to consider the effects of tariff policy on California ports, with testimony emphasizing impacts on cargo volumes, jobs, supply chains, and infrastructure needs; it passed 7-0. SB 781 would require cities and counties to adopt small business utilization plans and strengthen the California Small Business Technical Assistance Program; chambers of commerce and committee members supported it as a way to expand procurement opportunities and technical assistance, and it passed 7-0 to Local Government. SB 227 would extend and expand the Green Empowerment Zone in Contra Costa County, add environmental justice representatives, and extend authorization to 2040; it passed 7-0 to the floor. SB 263 would direct the California Transportation Agency to study the statewide impacts of tariffs, with supporters from the ports, retail, and trucking sectors arguing that better data is needed to guide budgeting and policy responses; it passed 7-0 to Appropriations. SB 769 would create the Golden State Infrastructure Fund to finance major infrastructure projects through a revolving public-private investment model; supporters said it would help address long-term infrastructure needs and prepare for major events, and the bill passed 6-0 to Appropriations after opposition was withdrawn. All measures were reported out of committee, and the meeting adjourned at 10:39 a.m.
MO

Missouri 2026 Regular Session

Special Committee on Property Tax Reform Feb 3rd, 2026 at 12:00 pm

Special Committee on Property Tax Reform

Transcript Highlights:
  • And I think it's going to go up every year because of the cost, the Midwest cost of living index.
  • The Midwest cost of living index, what is it, the CPI, labor is going to continue to go up, supplies
  • That's the first time in 60 years now that we will have funding dedicated to capital improvements.
  • Missouri is one of, he believes, eight states that does not offer any sort of state-funded fund to assist
  • He said that is why there needs to be funding available and a buffer for when the levy rolls back.
CA

California 2025-2026 Regular Session

Senate Insurance Committee Jun 24th, 2026

Insurance

Transcript Highlights:
  • Brandon May, Chief Medical Officer at Northwestern Mutual Life Insurance Company.
  • As I said, I'm the Chief Medical Officer for Northwestern Mutual Life Insurance, and my background's
  • Built into our name, Northwestern Mutual is a mutual company, which means we operate for the benefit
  • Our company believes in fairness and mutuality.
  • Patrick McNulty, Northwestern Mutual, similar to my colleagues here, opposed and less amended.
Committee: Senate Insurance
MN

Minnesota 2025-2026 Regular Session

Senate Floor Session - 05/05/25

Minnesota Senate Floor Meeting

Transcript Highlights:
  • Taiwan and the state of Minnesota have enjoyed a long and mutually beneficial relationship with the prospect
  • enjoyed<00:11:37.440><c> a</c><00:11:37.760><c> long</c><00:11:38.240><c> and</c><00:11:38.560><c> mutually
  • </c><00:11:39.120><c> beneficial</c> enjoyed a long and mutually beneficial enjoyed a long and mutually
ND
Transcript Highlights:
  • SIF or other funds.
  • Investment and Improvement Fund, and $500,000 from the Lignite Research Fund.
  • funds.
  • The special funds and the federal funds are at the discretion of the funding agencies.
  • And really, a portion of us are general funds, state appropriated general fund.
Summary: The committee first reviewed the 2024-25 tuition waiver report for the North Dakota University System. Staff explained that waivers were reported for degree-seeking students and broken out by residency, institution, and waiver type. Members asked about partial versus full waivers, institutional discretion, athletic waivers, and whether campuses have published guardrails or transparency requirements. Staff said most waivers are set by institutions, with some statutory and board-required categories, and that athletic waivers are a small share of total waiver dollars. The report showed total gross tuition of $354.5 million, tuition waived of $38.9 million, and 11,193 of 42,040 students receiving some waiver. Members also discussed how waivers affect net tuition revenue, housing and food collections, and whether campuses are using waivers strategically compared with scholarships and other funding sources. The committee then heard a presentation on tuition rates by campus and State Board policy. Staff explained the board’s tuition factors for resident, Minnesota reciprocity, contiguous-state/U.S. nonresident, and international students, and noted that campuses often seek exceptions based on program-specific competition and enrollment goals. Members asked whether rates are based on cost or competition, and staff said campuses typically bring forward estimates and market comparisons when requesting special rates. The presentation also reviewed general fund appropriations versus net tuition revenue by campus, and members discussed how local tuition decisions and waivers do not directly affect the state funding formula, though they do affect institutional revenue and reserves. Questions were also raised about the Higher Learning Commission’s financial composite indicator and how it differs from the more intuitive reserve and revenue figures. The committee next received a broad overview of non-higher-education entities affiliated with the State Board of Higher Education, beginning with NDSU agriculture-related units. Dr. Greg Lardy described the State Board of Agricultural Research and Education, the NDSU Extension Service, the Agricultural Experiment Station, and the branch research centers, emphasizing their statewide role in crop and livestock research, extension education, and county-based outreach. He outlined funding mixes for extension, the experiment station, and branch stations, noting that grants and contracts support both research and education, while the agronomy seed farm is self-funded through seed sales. Members asked about the new and vacant FTE pool, R1 research status, matching requirements for grants, and whether state appropriations count toward research expenditures. Dr. Lardy also highlighted major research impacts, including crop varieties, virtual fencing, AI-assisted weed control, and NDAWN weather data. The Northern Crops Institute and the Upper Great Plains Transportation Institute also presented. NCI described its role in market development, technical services, and education for regional agriculture, its governance through the Northern Crops Council, and its funding from state appropriations, other states, and earned revenue. Members asked about the source of out-of-state funding, intellectual property, and the institute’s international reach. UGPTI then outlined its transportation research, federal and state funding structure, and work on road and bridge condition assessments, travel demand modeling, and workforce training. No votes were taken during the portion of the meeting reflected in the transcript.
NM

New Mexico 2026 Regular Session

House - Chamber Meeting Feb 9th, 2026 at 11:52 am

New Mexico House Floor Meeting

Transcript Highlights:
  • Reserve Fund.
  • Fund?
  • General Fund—we'll call it the capital outlay development fund, I guess—the reserve fund, excuse me—that
  • Fund, Local Community Capital Funds, Colonial Infrastructure Fund, Water Project Fund, Tribal Infrastructure
  • Project Fund, Higher Ed Capital Fund.
Bills: HB111 , HB61 , HB43 , HB156 , HB70 , SB3 , HB103 , HB109 , HB128 , HB247 , HJM2 , HJM3 , HM7 , HM17 , HM4 , HM22 , HM23 , HM24 , HM26 , HM2 , HM16 , HM32 , HM11 , HM14 , HM21 , HM34 , HM50
MN

Minnesota 2025-2026 Regular Session

Committee on Human Services - 02/17/25

Human Services

Transcript Highlights:
  • health fund the behavioral health<00:15:45.920><c> fund</c><00:15:46.160><c> was</c><00:15:46.319><c
  • was established in 1986 to health fund was established in 1986 to provide<00:15:48.160><c> funding</
  • </c><00:16:27.800><c> that</c> versus the behavioral health fund that versus the behavioral health fund
  • </c> program you authorize state funded program you authorize state funded grants<00:35:07.920><c> um
  • </c><00:35:37.200><c> for</c> proposal that would shift funding for proposal that would shift funding
NH
Transcript Highlights:
  • </c> scholarship fund. scholarship fund.
  • ed state aid funding.
  • funded with the IDEA funds.
  • So that we're going out, we're using funds to go, um, we give funds to pick, we give funds to place,
  • </c> we're using funds to go um we give funds we're using funds to go um we give funds to<00:40:42.000
Summary: The commission met to review and amend the minutes from its previous meeting, correcting the date, several spelling and wording errors, and clarifying references to a scholarship fund and a member’s title. The minutes were then approved as amended, with some members abstaining because they were not present at the prior meeting. The chair then turned to the commission’s work plan under SB 57, emphasizing the need to prioritize the statutory topics and identify which issues require additional research, documentation, and possible spreadsheets. Members discussed a broad range of special education cost drivers and policy questions, including student referral rates, why students are classified as other health impaired, whether referrals increased after COVID school closures, intervention processes before referral, the cost of services required under IEPs and 504 plans, differences between federal law, state law, and DOE rules, reporting of special education costs, out-of-district and residential placements, district sharing of resources, dispute resolution, graduation rates, and adult learning outcomes. Several members raised concerns that school environments, mental health, bullying, and possible overidentification may be contributing to rising special education numbers and costs, while others cautioned that some reported district percentages may be inflated or unclear because of how the data are counted. A major portion of the meeting focused on HB 742, which would eliminate prorated special education aid when state appropriations are insufficient and require the governor to draw a warrant to cover shortfalls. Representative Ames explained that the bill had been recommended for interim study because the commission is already examining special education costing, and he highlighted the gap between FY24 special education costs of about $977.1 million and state aid of $33.9 million for catastrophic aid, $67.4 million for differentiated aid, and $50.8 million in federal IDEA funds, leaving local districts to cover about $825.1 million. He argued the commission should ultimately make clear that both the federal government and the state should contribute more. The Department of Education, through Melissa White, answered questions about data and oversight. She said special education counts come from IEPs entered into the state system using SASIDs, that DOE monitors districts through both desk audits and on-site visits, and that billing is checked against the services listed in each student’s IEP. She also said DOE’s special education work is largely federally funded, with roughly $56.7 million received through IDEA this year and about $49.1 million flowing through to LEAs, while the department retains a small amount for administration and statewide support activities. Members also discussed how adequacy calculations use special education counts from the state system and how those figures are reported.
MN

Minnesota 2025-2026 Regular Session

Task Force on Homeowners and Commercial Property Insurance 12/3/25

Minnesota House Floor Meeting

Transcript Highlights:
  • Now that is a Mutual Insurance Company.
  • </c><00:26:54.080><c> The</c> about a state uh reinsurance fund.
  • The about a state uh reinsurance fund.
  • </c> when you talk about the guarantee fund when you talk about the guarantee fund and<01:41:19.520><
  • loan funds.
HI

Hawaii 2025 Regular Session

CPN-PSM, CPN-EDT, CPN Public Hearing 02-05-2025

Commerce and Consumer Protection

Transcript Highlights:
  • The special fund was created specifically to ensure that there was a long-term stable funding source.
  • The special fund was created specifically to ensure that there was a long-term stable funding source.
  • </c> there was a long-term stable funding there was a long-term stable funding source<00:08:07.919><c
  • Hawaiʻi must secure alternative funding by January 1st, and this bill does secure that funding.
  • loan revolving fund.
Summary: The committee opened by outlining testimony procedures and then heard SB 376 on tax credits, which would create a home fire safety improvement tax credit. Testimony from the Tax Foundation of Hawaiʻi urged that the concept would be better handled as a subsidy program and raised drafting concerns about unclear definitions and eligibility. Later, the committees agreed to pass SB 376 with amendments, including making the credit nonrefundable, clarifying third-party certification, deleting recapture-related language, and making technical changes. Members then heard SB 417, which would make unlicensed contractor work during or within five years after an emergency or disaster a class B felony. The Contractors License Board was listed for comments, and the Subcontractors Association supported the measure. The committees ultimately recommended passage with technical, non-substantive amendments and an adjusted effective date, and the measure was adopted. A substantial portion of the meeting focused on SB 782, which would require free and accessible voice communication services for incarcerated people and prohibit state agencies from profiting from those services, while also directing the PUC to set standards and providing funding for the SAVIN victim notification program. Supporters, including the Public Defender, ACLU of Hawaiʻi, Worth Rises, and others, argued the bill would reduce costs for families, improve reentry, and align adult corrections with the juvenile system. Opponents, including the Department of Corrections and Rehabilitation, the Hawaiʻi Paroling Authority, and SAVIN-related witnesses, warned that changing the funding structure could weaken victim notification and safety services. The committees deferred SB 782. The committee also heard SB 999 on fireworks, which would repeal permissible consumer fireworks uses, impose civil penalties and forfeiture remedies, and create a forfeiture special fund for safety education. The Department of Law Enforcement and Honolulu Police Department supported the bill, while fireworks industry representatives and others opposed it, arguing prohibition would be ineffective and urging stronger enforcement and education instead. The committees deferred SB 999 for further consideration, and SB 1136 on insurance was also deferred after insurers and the Department of Commerce and Consumer Affairs opposed it. In the later joint session with the Committee on Economic Development and Tourism, SB 744 on condominium loans was heard with support from the Hawaii Green Infrastructure Authority and banking groups, while one testifier raised concerns that the program could function like C-PACE financing and add risky debt to condominium associations; testimony and discussion continued on that measure.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Environment and Natural Resources Jul 1st, 2026

Joint Committee on Environment and Natural Resources

Transcript Highlights:
  • My organization helped fund necropsies for a nine-month period last year, from 2024 to 2025.
  • Public health protection and environmental stewardship are not mutually exclusive.
  • Public health protection and environmental stewardship are not mutually exclusive.
  • Topsfield wants to control what is used within its own Mutually exclusive.
Bills: H5432 , H5433 , S3093 , H5363 , H5137 , H5247
Summary: The Joint Committee on Environment and Natural Resources held a hybrid hearing on late-file bills, with testimony focused first on multiple home rule petitions seeking local authority to restrict anticoagulant rodenticides in towns including Andover, Topsfield, North Andover, Williamstown, Georgetown, Lexington, and others. Municipal officials, residents, wildlife advocates, and conservation groups described documented harm to hawks, owls, foxes, turtles, pets, and other wildlife, and argued that towns should be able to regulate these poisons locally. Several speakers said their towns had already voted to support restrictions and were using integrated pest management and other alternatives. Committee members noted that statewide rodenticide legislation had already advanced out of committee in both chambers and that the environmental bond bill was in conference committee, but no votes were taken during the hearing itself. The committee then heard testimony on H. 5137, a bill to prohibit the retail sale of parrots. Supporters, including animal welfare groups, veterinarians, rescue operators, and advocates, said parrots are often sourced from large breeding facilities with poor conditions, that many birds are surrendered because they are difficult long-term pets, and that rescues are overwhelmed. They argued the bill would encourage adoption, reduce demand for commercial breeding and trafficking, and improve bird welfare and public health. Opponents, including breeders, pet retailers, aviculture representatives, and rescue operators, said the bill would harm small businesses, reduce consumer access and transparency, and push sales to unregulated markets without improving welfare. Several speakers said the bill should instead focus on stronger standards and enforcement rather than banning sales. A separate bill, S. 310, designating the Marion Stoddard River Walk, was also briefly discussed in testimony supporting Marion Stoddard’s environmental work. The hearing ended after the committee finished taking testimony and adjourned; no roll-call votes or formal actions were taken in the transcript.
CA

California 2025-2026 Regular Session

Assembly Arts, Entertainment, Sports, and Tourism Committee Jun 23rd, 2026

Arts, Entertainment, Sports, and Tourism

Transcript Highlights:
  • tax revenue that the projects on them will generate without drawing on the general fund or burdening
  • And when a community is put... ...general fund or burden existing taxpayers, and when a community is
  • So, in other words, there's no outside property tax funding coming into this.
  • There's no risk to our general fund.
  • It helps our general fund, and so it's worth the squeeze.
CA
Transcript Highlights:
  • trust fund.
  • Half of their funding is special funds, mostly fish and game preservation funds, which are paid for by
  • Fund.
  • Fund.
  • Control Fund to the Cannabis Tax Fund.
Summary: The subcommittee first heard an informational presentation on the May Revision’s proposed reorganization of the Business, Consumer Services and Housing Agency into separate housing-focused and consumer/business-focused entities. Administration officials said the split would improve oversight, streamline decision-making, and create a dedicated California Housing and Homelessness Agency with a new housing development and finance committee. The Department of Finance said funding was needed in 2025-26 to begin implementation, while the LAO recommended rejecting the proposal without prejudice because the Little Hoover Commission review was still pending and the plan would require ongoing General Fund costs. Members raised concerns about the timing, the lack of alignment with the budget process, and whether the reorganization would improve accountability for homelessness spending; several public witnesses supported the concept but stressed it could not substitute for new housing and homelessness dollars. The committee then took up the Department of Veterans Affairs. CalVet requested funding for phase three of its electronic health care record project and a trailer bill to preserve authority for federal background checks, but the May Revision withdrew requests for deferred maintenance and additional administrative support. The LAO noted deferred maintenance can prevent larger future costs, and the chair criticized the withdrawal of less than $1 million for veterans’ homes as short-sighted given existing repair needs. No vote was taken. Next, the Department of Housing and Community Development presented its budget. HCD said the May Revision provides no new affordable housing or homelessness funding, but does retain existing rounds of funding and proposes a $31.7 million reversion from undersubscribed housing programs. Members from both parties expressed concern about zeroing out ongoing housing and homelessness investments, especially for LIHTC, the Multifamily Housing Program, and HAP. HCD also defended its homelessness accountability and compliance work, saying the unit includes about 30 program staff and six attorneys, with three additional attorneys requested mainly to handle public records and litigation workload. Public commenters largely opposed the lack of new funding and urged continued support for housing and homelessness programs, while some supported the reorganization and accountability efforts. Finally, the committee heard Go-Biz proposals. The administration requested authority to increase funding for a federal trade program match if needed, plus reappropriations for administrative funds tied to the Containerized Ports Interoperability Grant Program, zero-emission vehicle operations, and the Women’s Business Center Enhancement Program. It also proposed withdrawing the Cal Competes grant request and reverting remaining funds from the Performing Arts Equitable Payroll Fund. The LAO said Cal Competes is generally effective but could be cut as a budget solution, while warning that the performing arts fund was close to awards and should be considered carefully. Members objected to pulling back committed funds for performing arts organizations and questioned why the state would withdraw support after applications had already been submitted.
MN

Minnesota 2025-2026 Regular Session

Energy Committee Meeting - 2026-04-09

Energy Finance and Policy

Transcript Highlights:
  • , but because of the proximity to Shuro we were able to put together a very interesting and very mutually
  • </c><00:04:03.120><c> beneficial</c> interesting and very mutually beneficial interesting and very mutually
  • We're asking for some funds to do the study and demonstrate which of these processes is capable.
  • We're asking for some funds to do the study and demonstrate which of these processes is capable.
  • um to with secure the matching funds um to with Demcom<00:08:59.440><c> to</c><00:08:59.680><c> get<
Bills: HF4770
Summary: The committee approved the March 26 minutes and then took up House File 4770, as amended by an A1 technical amendment. The bill was presented as a proposal to help Liberty Diversified International and Liberty Paper in Becker plan for replacement steam and energy supply as the Shuro facility closure approaches in 2030. Testimony described Liberty Paper’s current closed-loop steam arrangement with Shuro, the need to study future fuel and technology options, and the potential use of anaerobic digestion, biomass, construction and demolition waste, and food waste to produce steam and possibly power. Members asked about feedstock availability, the need for a feasibility study, possible backup natural gas use, and whether waste heat or wastewater heat could be useful. The bill was laid over as amended. The committee then heard a presentation from CenterPoint Energy on Minnesota heating demand and electrification. CenterPoint staff said affordability and reliability are central concerns and outlined how the utility manages customer costs through energy efficiency, contracting, storage, peak shaving, and conservation. Dr. Joel Lynch presented research on peak heating with natural gas and the “missing piece” in Minnesota’s electrification puzzle, explaining that Minnesota’s cold climate makes winter heating demand especially challenging and that replacing natural gas would require substantial new electric capacity and renewable resources. He compared his work with prior national and state studies and said the analysis used Minnesota-specific gas throughput, COP assumptions across several electrification scenarios, and January renewable capacity data. Lynch summarized preliminary findings that Minnesota’s peak gas heating throughput could be up to 40 gigawatts, with electric resistance heating implying roughly 36 gigawatts of new demand, and lower but still substantial demand under heat-pump scenarios. The presentation was informational only; no vote was taken on the CenterPoint presentation. The meeting ended with House File 4770 laid over and the energy demand presentation continuing.