Video & Transcript Research : 'performance bond'

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OK

Oklahoma 2026 Regular Session

Economic Development, Workforce and Tourism REVISED Apr 21st, 2026

Economic Development, Workforce and Tourism

Transcript Highlights:
  • The bonds can be tax-exempt if federal law allows.
  • The opportunity to utilize such bonds ends June 30, 2032.
  • It's patterned off the economic development bond pool.
  • It's patterned off the economic development bond pool.
  • Existing confidentiality language restricts the OESC from sharing performance and wage outcome data with
Summary: The Senate Economic Development, Workforce, and Tourism Committee met for a work session focused largely on executive nominations and several House bills. The committee advanced nominations for Jared Lundry and Norville Ritter to the Oklahoma Tourism and Recreation Commission, Amy Blackburn as Executive Director of the Oklahoma Department of Tourism and Recreation, and Jason Kays to the Oklahoma Employment Security Commission, with each nominee describing their background and priorities and receiving favorable roll-call votes. Members also considered and advanced a series of bills affecting housing, tourism, workforce, and related programs. HB 1823 would require the Oklahoma Housing Finance Agency to provide advance notice of HOME program changes, limit retroactive rule changes, and give preference to nonprofit grant recipients; it passed 8-1. HB 4476 created a revolving fund related to a music industry rebate program and passed 7-2 after an amendment raising a threshold from 25,000 to 28,000. HB 3880 updated tourism advertising law to include digital media and allowed the Oklahoma Today magazine to move online, with an amendment making publication permissive rather than mandatory; it passed 8-1. HB 3031 created a revolving fund for workforce development tied to skilled trades and the North Point Workforce Development Initiative, and HB 3378 staggered terms on the Oklahoma Science and Technology Research and Development Board; both passed. The committee also passed HB 3369, which aligned LP gas and fire-suppression rules for mobile food vendors and required annual fire safety training, HB 3429, which authorized up to $50 million in bonds for CareerTech-related economic development projects, HB 3657, which clarified agricultural labor reporting and allowed OESC to share workforce data with the Workforce Commission, and HB 4215, which lowered the minimum spend threshold for Oklahoma film post-production incentives from $50,000 to $20,000. Finally, HB 3624, a controversial bill changing how county lines are determined along shifting waterways, drew extensive debate over taxation, property records, and rural impacts before passing 6-5. The chair noted the committee likely had one more meeting remaining and invited further suggested language on the county-line issue.
LA

Louisiana 2026 Regular Session

Transportation, Highways and Public Works May 26th, 2026

Transportation, Highways & Public Works

Transcript Highlights:
  • There's also the surety bond market, wherein a performance bond is issued to a winning contractor.
  • And if that contractor fails to actually complete the contract, that surety bond then actually pays to
Summary: The House Transportation Committee met on May 26 with a quorum present and took up several resolutions and one Senate bill. SCR 64 created a task force to study construction management at risk (CMAR) in Louisiana public works; an amendment added representatives from the Louisiana Associated General Contractors and Associated Builders and Contractors, and the resolution was reported with amendments. HR 282 created a task force to study utility terrain vehicles with state agencies; an amendment added the State Fire Marshal, and it was also reported with amendments. The committee then considered SB 513 on public works project delivery methods. The bill originally included an average-bid award method for certain pilot projects, along with airport design-build provisions. Testimony from a Reason Foundation analyst and from the Louisiana Associated General Contractors raised concerns that average-bid contracting could encourage collusion, raise costs, and lacked supporting data or use by U.S. transportation departments, while airport design-build was supported. The committee adopted an amendment in concept to strike the average-bid provisions, leaving the airport-related design-build language in place, and SB 513 was reported with amendments by a vote of 11 yeas and 4 nays. The committee also reported SCR 62 favorably, which urges DOTD to evaluate school zones on state highways in response to safety concerns and near misses, including a fatal incident referenced by the author. HCR 112 was reported favorably to study flooding on Louisiana Highway 1 in Shreveport, and HR 275 was reported favorably to study an interstate highway signage maintenance and reporting program. The meeting concluded after all items were disposed of and the committee adjourned.
CA

California 2025-2026 Regular Session

Assembly Banking and Finance Committee Apr 28th, 2025

Banking and Finance

Transcript Highlights:
  • This bond bill will drive targeted investments into small development, affordable housing, and climate
  • This strong performance was achieved without CRA mandates.
  • This bill would require a licensee who is a lawsuit financer to maintain a surety bond.
  • The surety bond, we hope, will help protect those who might be impacted by unscrupulous financing companies
Keywords: 988, house, all
ND

North Dakota 2026 1st Special Session

Water Topics Overview Committee Jun 10th, 2026 at 09:00 am

Water Topics Overview Committee

Transcript Highlights:
  • Ability to have improvement bonds.
  • And it has to be there for the life of the bond.
  • The Drinking Water Program has revenue bonds making up about 79% of that portfolio, and improvement bonds
  • And the Clean Water Program has about 70% revenue bonds and 30% improvement bonds.
  • The ratio had been higher on the revenue bonds.
Keywords: 908, all
MN

Minnesota 2025 1st Special Session

Committee on Transportation - 04/07/25

Transportation

Transcript Highlights:
  • <00:04:18.479> and competitive as possible for bonding and competitive as possible for bonding
  • In article two, we'll see that there is a bond authorization, trunk highway bond authorization in the
  • 07:51.440> in<01:07:51.599> the trunk highway bond authorization in the trunk highway bond
  • Article two is the $100 million authorization of trunk highway bonds and the bond sale expenses related
  • <01:38:16.800> standards<01:38:17.119> and adopt performance standards and adopt performance
Keywords: 1187, senate, all
MN

Minnesota 2025-2026 Regular Session

House Ways and Means Committee 3/24/25

Ways and Means

Transcript Highlights:
  • So you have state and local tax bonds.
  • So that you tax status for those bonds.
  • market you know uh you know in the bond market you know for<00:10:46.160> state<00:10:46.320>
  • U that's it for the the slide and bonds.
  • perform work or have community service. perform work or have community service.
Keywords: 1183, house
CA

California 2025-2026 Regular Session

Senate Floor Session Jun 25th, 2026

California Senate Floor Meeting

Transcript Highlights:
  • The title of this bond is the Veterans and Affordable Housing Bond.
  • This is not a veterans housing bond. It's a veterans bait bond.
  • youth housing bond.
  • Revenue bond versus GO bond. We can put a revenue bond.
  • I think we might even... ...bond versus GO bond. We could put a revenue bond.
Keywords: 987, senate, all
NH

New Hampshire 2026 Regular Session

House Session (01/07/2026)

New Hampshire House Floor Meeting

Transcript Highlights:
  • Children the protection of family bonds.
  • <05:30:06.280> surgeries<05:30:07.040> or include performing surgeries or include performing
  • will understand exactly who's performing will understand exactly who's performing the<07:39:20.520
  • c> Allowing optometrists perform procedures Allowing optometrists perform procedures with<07:41:09.920
  • are prohibited by law for performing are prohibited by law for performing laser<07:41:55.040>
Keywords: 1189, house, all
WA

Washington 2025-2026 Regular Session

House Transportation Jul 8th, 2025

Transcript Highlights:
  • We own the performance of the vessel. We’ve provided a concept.
  • We own the performance of the vessel. We’ve provided a concept.
  • And then it says that we own the vessel performance and the design.
  • There's really no change in the performance in terms of weight.
  • We will be performing over To help support that wing wall into the future.
Summary: The committee met to hear an update from Washington State Ferries on capital projects and workforce issues, beginning with a briefing on the agency’s long-term fleet and terminal needs. WSF officials described the history of underinvestment after the late 1990s, the current fleet reduction from 25 to 21 vessels, and the need to keep older boats in service while moving toward a 26-vessel long-range fleet and hybrid-electric operations. They said the agency is transitioning to a new vessel procurement strategy, with Eastern Shipbuilding selected to build up to three 160-car hybrid-electric ferries, and outlined a schedule that includes contract execution, about a year of design work, steel cutting in fall 2026, and several years of construction. Members raised concerns about the higher cost of electrified vessels, the length of the schedule, the adequacy of liquidated damages and incentives, the risks of building in Florida and transporting vessels to Washington, and whether the contract sufficiently protects the state from cost overruns and design problems. The committee also received an update on the Wenatchee conversion, which officials said is days away from entering service as the first large hybrid-electric ferry conversion. WSF explained that the conversion combined required midlife preservation work with propulsion upgrades and battery installation, and that the project took longer and cost more than originally expected because it was a prototype with significant lessons learned. Officials said the Tacoma and Puyallup conversions would follow later, but those decisions were being delayed until after the World Cup to avoid service disruptions. Members asked about the cost-effectiveness of the conversion, the expected fuel and emissions reductions, and what happens to engine crews during long conversion periods; WSF said crews were embedded in the project and that the conversions should reduce diesel use substantially once terminal charging is available. The meeting then shifted to workforce development, with Siegel consultants reviewing their 2021 and 2024 studies of ferry staffing, overtime, recruitment, and workplace culture. They said the earlier problems stemmed from seasonal staffing practices, low winter hours, limited career progression, a narrow maritime recruiting pipeline, and a culture that made retention difficult. Since then, they reported major improvements: staffing has increased from about 1,500 to 1,900, turnover has fallen, captain and engineer shortages have eased, and recruitment has broadened beyond the traditional maritime pool, including more women and other underrepresented workers. They credited new programs such as guaranteed hours, paid pilotage, AB-to-mate pathways, and the “Turning of the Tide” culture campaign, while noting remaining issues with communication, HR access, accountability, and quality of life. Members generally acknowledged the progress but asked whether staffing levels are now sufficient and how interchangeable crews are across vessels and routes. Finally, terminal engineering staff began a presentation on capital terminal work, starting with the Fauntleroy Ferry Terminal. They described the terminal’s age, low elevation, vulnerability to sea level rise and earthquakes, and the need for replacement piles, beams, and improved vehicle circulation. The agency said it has completed a planning and environmental linkage study, is moving into NEPA/state environmental review, and has been working with the community to balance the needs of Southworth and Vashon riders with neighborhood concerns in Fauntleroy. The preferred alternative is a larger offshore dock footprint that would improve capacity and reliability while reducing impacts to eelgrass habitat. The meeting ended before the terminal discussion was complete.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Ways and Means Jun 21st, 2026 at 10:00 am

Joint Committee on Ways and Means

Transcript Highlights:
  • Eventually, the federal judge ordered a bond hearing for Francisco, and he was released and reunited
  • Eventually or later, the federal judge ordered a bond hearing for Francisco, and he was released and
  • There never was a real essential need for that because people were getting bonds.
  • The GI Jams were joined by Berkeley music students, who performed a duet alongside our music therapist
  • Federal funding for SNAP has been reduced, while performance expectations have become more stringent,
Keywords: 995, all
Summary: The hearing was a FY27 budget session on Health and Human Services held in Mattapan, hosted by the Joint Committee on Ways and Means. Opening remarks from Senator Lydia Edwards, Representative Brandy Fluker-Reed, Representative Russell Holmes, and Boston Public Library President David Leonard emphasized the significance of holding the first Ways and Means hearing in Mattapan, the importance of community access, and the role of libraries as human services institutions. Committee members and attendees introduced themselves before agency testimony began. MassAbility testified first, describing its mission to support people with disabilities through employment, independent living, and disability determination services. The agency highlighted federal funding uncertainty, a modest FY27 budget reduction, and a proposed reworking of its home care program, which it said is outdated and should better target those most in need. Members questioned the home care cut, staffing reductions, and federal coordination. MassAbility also shared a participant story about recovery and community support to illustrate the impact of its services. The Massachusetts Commission for the Deaf and Hard of Hearing then presented its FY27 request, focusing on interpreter and captioning access, workforce development, emergency communication, aging-related hearing loss, and transition services for deaf and hard-of-hearing youth. Members asked about interpreter shortages, after-hours emergency coverage, ASL education, and community training; the commission said it is expanding mentorship and referral systems but still faces staffing and vendor challenges. The Massachusetts Commission for the Blind followed with a $30.8 million request, describing services for nearly 9,000 consumers, peer support groups, vocational rehabilitation, and Turning 22 services, while noting federal funding uncertainty and a 7% budget cut. Members raised concerns about maintaining services with fewer resources, and the commissioner said the agency had trimmed overhead and could manage the proposal. The Office for Refugees and Immigrants closed the segment, outlining expanded legal, housing, workforce, citizenship, and financial literacy supports for immigrants and refugees, including Know Your Rights trainings, legal defense initiatives, and the Massachusetts Access to Counsel Initiative. Members discussed the effects of federal policy changes, the loss of refugee resettlement funding, and the need for state support to fill gaps. No votes were taken in the portion provided; the hearing consisted of agency presentations and committee questioning.
CA

California 2025-2026 Regular Session

Senate Education Committee Jun 24th, 2026

Education

Transcript Highlights:
  • I've been a performer, a supporting character on the stage of this...
  • All public schools must provide a 50% local match to access state bond funds.
  • Charter schools can't raise local bond funding.
  • They're excluded from local bond funds in most cases.
  • That would be performance in algebra for our students.
Keywords: 987, senate, all
TX

Texas 89th Regular

89th Legislative Session Mar 24th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • HB 3475 by Joe Moody relates to the evaluation and reporting of investment practices and performances
  • HB 3484 by Vikki Goodwin relates to the authority of Special Utility Districts to issue revenue bonds
  • HB 3525 by John McQueen relating to fiscal transparency for bonds issued by local governmental entities
Keywords: 1184, house, all
AZ

Arizona 2026 Regular Session

03/09/2026 - Senate Floor Session

Arizona Senate Floor Meeting

Transcript Highlights:
  • HB 2926, housing contracts bonds taxes — Government.
  • HB 2289, truth and taxation bonds notices — Finance.
  • HB 2289, truth and taxation bonds notices — Finance.
  • HB 4033, school bonding ballot language — Education.
  • HB 2320, school districts bond financial advisors.
Keywords: 1182, all
Summary: The meeting opened with prayer, the Pledge of Allegiance, attendance, and several guest introductions, including the Doctor of the Day, realtors visiting for Realtor Day, and a representative from Home of Hope. The Senate then handled a large number of bill referrals and second-reading items before moving into Committee of the Whole on multiple calendars. Several bills were advanced with committee and floor amendments, including SB 1494, SB 1497, SB 1503, SB 1535, SB 1544, SB 1580, SB 1582, SB 1584, SB 1585, SB 1602, SB 1632, SB 1723, and SB 1798. Many of the amendments were described as technical cleanups, but some made substantive changes, such as SB 1535’s provisions on sealing records for sex-trafficking victims and SB 1723’s domestic-violence release and monitoring provisions. The Committee of the Whole also adopted a report recommending several bills do pass as amended. The chamber adopted House Concurrent Resolution 264 honoring former Senator Barbara Leff, followed by a moment of silence and remarks from her family. The Senate then returned to Committee of the Whole for Calendar 1, where it retained SB 1332 and advanced SB 1654, SB 1711, SB 1743, SCR 1047, and HB 2993. HB 2993 drew the most debate: opponents argued it had a single-subject problem, relied on funding from the Attorney General’s Consumer Protection Fraud Fund, and could create unnecessary outside-counsel costs for DPS, while supporters cited the need for the supplemental and defended the funding approach. The motion to report HB 2993 do pass carried by division, 16-13. In third reading, the Senate passed HB 4115 and a series of Senate bills, including SB 1012, SB 1213, SB 1416, SB 1474, SB 1511, SB 1549, SB 1573, SB 1634, SB 1647, and SB 1649, with several passing on close 16-13 votes. Debate centered heavily on immigration enforcement, concealed carry in businesses serving alcohol, CDL and driver-license issues, campaign finance disclosure, and a digital asset reserve fund. Members on both sides repeatedly explained votes on constitutional, public safety, fiscal, and civil-rights grounds. The session ended with bills transmitted to the House after passage.
TX

Texas 89th Regular

89th Legislative Session Mar 12th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • Bush, the band performed at Inaugural Ball in Washington, D.C.
  • to that's been near and dear to my heart is all the young people that you guys have touched for performing
  • Development, HB 1519 by Schofield, willing to the election date for the authorization of the issues of the bonds
  • by Canales relating to a special bill to review of reform a final judgment of forfeiture of a bail bond
Keywords: 1184, house, all
TX

Texas 89th 2nd C.S.

Land & Resource Management Mar 6th, 2025

Land & Resource Management

Transcript Highlights:
  • and manages more than 3,400 miles of Texas coastline by implementing storm mitigation strategies, performing
  • building schools that match the population that was coming, which meant we had to then pre-plan a bond
  • issue, which meant we had to get a bond approved.
  • Are we going to have the applicants having to go to lawsuits to get the cities to perform?
NH

New Hampshire 2025 Regular Session

House Finance Division II (03/05/2025)

Transcript Highlights:
  • We continue to perform and continue to do more with less.
  • We continue to perform and continue to do more with less.
  • We continue to perform and continue to do more with less.
  • here depends really on Treasury bonding here depends really on Treasury bonding and<01:11:46.800
  • to local communities it the performance to local communities it the performance um<04:47:33.958>
Keywords: 928, house, all
Summary: The committee met with New Hampshire DOT Commissioner Bill Cass and Finance Director Danielle Shandra to review the agency’s FY 2026 budget. Cass gave a high-level overview of DOT’s mission, organization, funding structure, and staffing trends, noting the agency has about 650 employees across five divisions. He said the Governor’s recommended FY 2026 budget totals $95.99 million, essentially flat from FY 2025, with funding primarily from Turnpike funds, Highway funds, federal sources, and a small General Fund share for non-highway units. Members asked about how Turnpike and Highway funds are treated in state accounting, and DOT explained that while they are enterprise funds restricted to their purposes, they are considered unrestricted from the statewide perspective and are appropriated through the budget process. A major topic was staffing and budget targets. DOT said its full-time staffing level has remained relatively flat since 2014 even as vehicle miles traveled increased and vacancies rose. To meet budget targets, the department unfunded seven permanent positions and nine temporary full-time positions, and later noted additional reductions in Finance, including the elimination of two full-time positions, reduced print shop equipment purchases, and deeper cuts to overtime, temporary help, equipment, and supplies in FY 2027. DOT also explained that it shifted funding for one unmanned aerial system position from General Funds to Highway Funds, saying the change was workable because the position supports highway-related work and federal-aid-eligible activities. Members asked for clarification on the state transit operating match, and DOT explained that the Legislature had previously provided about $1.8 million annually in General Funds to help local transit agencies meet federal match requirements, but that funding was not included in this budget. DOT said that could reduce the ability to draw down some federal transit funds, though the impact may not be immediate because those funds can be used over several years. The department also described its unmanned aerial system program, saying it has been used for about five years for mapping, survey work, construction oversight, and storm damage assessment, and that it now has about five drones and two full-time positions supporting the program. DOT said it is expanding cross-training so more employees can operate drones without adding positions. No votes or formal actions were taken in the portion provided.
MN

Minnesota 2025-2026 Regular Session

House Capital Investment Committee 3/10/26

Capital Investment

Transcript Highlights:
  • Um it is in last year's bonding bill.
  • Um, 1 million in GEO bonds for highway rail grade crossings and 1 million GEO bonds for Minnesota rail
  • <00:48:54.960> for funding for of trunk highway bonds for funding for of trunk highway bonds
  • projects,<01:25:03.760> we priorities for bonding projects, we priorities for bonding
  • <01:30:03.120> and<01:30:03.760> 650,000 being geo bonds and 650,000 being geo bonds
Keywords: 1183, house
Summary: The committee first approved the March 5 minutes, then heard a presentation from Balig Engineering on cost drivers for drinking water and wastewater infrastructure in small Minnesota communities. The testifier said most Minnesota communities are small, and that limited local staff, complex funding requirements, and the need to combine multiple funding sources make projects expensive and labor-intensive. He cited examples of aging infrastructure, including a Tracy street collapse and failing water mains, and said federal funding can help but often requires extensive reports that can cost tens of thousands of dollars and hundreds of staff hours. He also pointed to inflation, supply-chain disruptions, colder climate requirements, higher material and labor costs, limited competition among contractors and suppliers, and newer treatment requirements such as PFAS removal and cybersecurity controls as major cost drivers. Members asked whether reduced bonding or less frequent state funding would lower prices, whether annual bonding bills provide market certainty, how regionalization could be encouraged, and whether tightening specifications adds costs. The testifier said stopping work would likely drive contractors out of the market and reduce competition, which could raise prices later, and that consistent funding helps keep contractors in Minnesota. He said regional water systems such as Red Rock Rural Water and Lincoln Pipestone Rural Water are already helping lower costs and that legislators could encourage more regionalization through incentives. He also said some specifications and federal requirements, especially around treatment plant controls and cybersecurity, increase costs, though some standards like deeper water-main burial are necessary. The committee then moved on to the Minnesota Department of Veterans Affairs, where John Kelly began presenting the governor’s 2026 capital budget recommendations and described the department’s mission, statewide network of veterans homes and cemeteries, and service to nearly 300,000 veterans and dependents.
HI
Transcript Highlights:
  • contractors and assessors to perform contractors and assessors to perform work<00:16:26.560>
  • bonds, the first bond is issued, the first dollar... corner at least in our conversations no corner
  • talking about the $180 million bond talking about the $180 million bond ceiling<00:52:18.240>
  • <00:52:39.440> first<00:52:39.680> bond<00:52:40.000> is as soon as bonds the
  • first bond is as soon as bonds the first bond is issued<00:52:40.640> the<00:52:40.800> first
Keywords: 912, senate, all
Summary: The committee took up Senate Bill 3019, which would cap ticket resale prices at face value for events in Hawaii and authorize DCCA to enforce violations. DCCA’s Office of Consumer Protection opposed the bill and said it preferred a ticket transparency approach focused on upfront disclosure of fees, while supporters argued the measure would curb scalping, bots, and extreme markups. Testimony from the National Independent Venue Association and a concert promoter emphasized that resale does not add inventory and said the bill would protect consumers; committee members questioned DCCA about enforcement and cited examples of very high resale prices for local concerts. No vote was taken in the excerpt, and the chair said the measure would be moved along for further consideration. The committee then heard Senate Bill 3311, which would create the Strengthen Hawaii Homes Program within DLNR to fund fire-mitigation grants for residential property owners. DLNR supported the bill, saying the need is immediate and that the program is modeled on successful mainland efforts, though the department said it ultimately belongs under the State Fire Marshal once that office has capacity. DCCA’s Insurance Division submitted written comments only. The measure was received without further action in the excerpt. Senate Bill 2979, authorizing DLNR and community-based organizations to enter community co-management agreements for state lands, drew broad support from OHA, community groups, and several individuals, who said the bill would formalize partnerships, strengthen shared responsibility, and help community stewardship efforts. Testifiers clarified that the bill does not require 65-year agreements and said the term should be left to DLNR’s discretion. The committee then moved on without questions or a vote shown in the excerpt. Finally, the committee heard Senate Bill 2351 on the state park special fund, which would allow DLNR to use fund monies for environmental protection programs. DLNR’s state parks administrator opposed the bill, saying the special fund is already fully committed to urgent maintenance and infrastructure needs across an aging park system, and warned that diverting money would weaken the fund’s ability to support parks. The Tax Foundation also submitted written testimony, and a community witness opposed the measure for similar reasons. The excerpt ends as the committee begins Senate Bill 2918, which would require HCDA to establish a community action center in Chinatown; HCDA’s executive director expressed concern about jurisdiction and said the city and county should continue leading that work.
NH

New Hampshire 2025 Regular Session

House Finance Division I (01/22/2025)

Transcript Highlights:
  • <00:11:35.399> uh allocation of tax credits and bond uh allocation of tax credits and bond
  • > lot compliance and performance we have a lot compliance and performance we have a lot of<00:
  • So the capital budget of $3,160,000 includes $6 million of general fund bonds and $24.16 million of bonds
  • honestly struggle with um how we perform honestly struggle with um how we perform maintenance<03
  • H for LBA do we have any performance H for LBA do we have any performance audit<03:05:30.040>
Keywords: 928, house, all
Summary: New Hampshire Housing Finance Authority officials, led by Executive Director Rob Dapice, briefed legislators on the agency’s structure and funding. They explained that the authority is created by state law but is not a state agency, its debt is not state debt, and it is governed by a board appointed by the governor and approved by the Executive Council. The discussion focused on the Affordable Housing Fund and the lead paint hazard remediation fund, including how state appropriations and federal resources are combined to finance affordable rental housing and lead abatement work. Dapice said the Affordable Housing Fund is used as gap financing for multifamily affordable housing projects, typically alongside federal tax credits and tax-exempt bonds, and that state dollars leverage roughly 2:1 to 10:1 in additional federal and private investment, averaging about 4:1. He said the fund has received historic appropriations in recent budgets, including $30 million over the last two biennial budgets and an annual $5 million set-aside from the real estate transfer tax. He also said the fund is usually structured as 0% interest, deferred loans rather than grants, with repayments returning to the fund if projects generate cash flow. Members asked about rents, oversight, staffing, revenues, and whether the programs had added positions. Dapice said affordability restrictions generally last 30 to 99 years, rents are tied to income limits and capped so tenants pay no more than 30% of income, and compliance staff inspect properties regularly to verify income eligibility and rent limits. He said the organization has about 130 to 135 employees, down from about 145, with no new positions added because of the appropriations. He estimated total revenues at roughly $300 million, with administrative budget around $22 million, much of it pass-through grant money. On lead paint remediation, he said the state first appropriated $6 million in 2019, plus $1 million in ARPA funds, and that the program has cleared more than 500 units. He said the federal grant program is not annual or predictable, with a recent award of about $7.75 million, and that the maximum federal grant per unit is $177,000, typically paired with up to $100,000 in state loan support. He also noted that the program can address homes before a child is poisoned if lead hazards are identified, but that cases involving an already exposed child are a higher priority. No votes or formal actions were taken.
MS

Mississippi 2026 Regular Session

Appropriations - Room 216, 28 January, 2026; 8:15 AM

Appropriations

Transcript Highlights:
  • So whichever way you would through bond.
  • Um, let me just address the performance of MDA south of Hattiesburg.
  • <00:19:55.520> of<00:19:55.760> MDA aren't happy with the performance of MDA aren't
  • happy with the performance of MDA down<00:19:57.200> on<00:19:57.440> the<00:19:57.600
  • performance of MDA south of Hattisburg. performance of MDA south of Hattisburg.
Summary: The committee heard a budget presentation from the Mississippi Development Authority (MDA), including its consolidated tourism and agency request. MDA said it has had strong recent results, citing about $65 billion in capital investment since 2020, roughly 25,000 jobs, record tourism, clean audits, and oversubscribed incentive programs. For FY27, the agency requested $26.4 million in general funds, level special-fund operating support, restoration of eight pins reduced in the LBR process, and several general-fund increases for a career ladder, a new HR system, training, and operating costs. MDA also discussed a $1.25 million request for America 250 activities, including a Mississippi event and participation in the National Mall “Great America State Fair,” plus an energy accelerator program tied to the governor’s energy initiative and a broader three-tier energy preparedness strategy. MDA also explained its incentive refill requests, saying it was not seeking additional funding for the ACE grant program this year and had shifted that support toward the governor’s port/rail/road investment fund and energy-ready sites. The agency highlighted a renewed request to restart funding for the small municipal and limited population counties grant program, which it said had previously helped smaller communities with water, sewer, downtown, and other projects. On tourism, MDA presented a breakout showing what the budget would look like if tourism were separated into its own department; officials said the current tourism budget within MDA is about $5.7 million in general funds and $7.9 million total, and estimated about $1.3 million in additional cost would be needed to stand up a separate tourism agency. A significant portion of the discussion focused on criticism from Senator Wiggins that MDA has not delivered enough economic development for the Mississippi Gulf Coast. He argued that constituents believe MDA does little for the coast and objected to the agency’s role in the GCRF and coastal projects, saying the coast has not seen meaningful results in years. MDA officials responded that complaints about uneven distribution are common across the state, that MDA works with local economic development partners rather than dictating project locations, and that it has helped support major coastal projects such as Relativity Space, Lockheed Martin expansions, PCC Gulf Chem, BWC Terminals, and AWS. The exchange also touched on the Port of Pascagoula and local leadership disputes, with both sides disagreeing over whether the port and the coast have been adequately supported. No votes or formal actions were taken in the excerpt.