Transcript Highlights:

• It is a controlled substance.
• They are controlled substances under the DEA Act.
• We’ve never been able to control anything based on age.
• To be clear, it is still a controlled substance federally and statewide.
• But SB5 is not about protecting consumers; it's about controlling them.

Bills: SB5, SB11, SB12, SB 5, SB 11, SB 12

Keywords: hemp regulation, consumable products, cannabinoids, occupational licenses, criminal offenses, SB 11, Texas attorney general, election crimes, election law enforcement, criminal prosecution, Election Code, Government Code Chapter 402, local prosecutors, county attorney, district attorney, grand jury, probable cause reports, state election offenses, voter fraud, election integrity

Transcript Highlights:

• Uh, I maybe think of ask: do we have an inventory of projects that were not funded during the moratorium
• >> Well, let me say another way: inventory of projects that were completed by school districts during
• of projects that were um an inventory of projects that were um not<01:30:31.920> funded<01:30
• Inventory<01:30:37.360> of<01:30:37.600> projects<01:30:38.000> that<01:30:38.320
• > were Inventory of projects that were completed by school districts during the moratorium years

Keywords: 928, house, all

Summary: The subcommittee began its first meeting on retained education funding bills, focusing on HB 366, which concerns school building aid for eligible projects, and HB 295, which would make school building aid program funds non-lapsing. The chair framed the discussion around broader questions about how school building aid should work, noting the state’s limited available funding, the existing debt service obligations, and whether the current formula should continue or be changed. He also raised concerns about the state’s overall revenue constraints and the need to consider renovation, new construction, and possibly leasing within any future program. Members and the Department of Education representative discussed whether school building aid is a state or local responsibility, the current backlog of projects, and the condition of school facilities statewide. Tim Carney of the Bureau of School Facilities described his background and answered technical questions about current programs. Representative Luno argued that under the ConVal decision the state has responsibility for school buildings, including construction and renovation, and that the program also serves an equity function by helping districts with less property-tax capacity. Representative Papich urged the committee to focus on policy structure and fairness rather than just available dollars, saying the current system creates winners and losers and suggesting a simpler per-capita or similar allocation model, while acknowledging a possible transition for projects already in the pipeline. The discussion also covered CTE facilities and leasing. Carney explained that charter schools, and possibly CTE centers, can receive limited leasing aid, and that CTE capital requests are funded through a state capital process, while federal Carl Perkins funds cannot be used for construction. He and others described a separate rotational funding approach for CTE centers, but several members said that model can leave programs waiting too long and may not match changing workforce needs. The chair and others noted that a report from a related study group on CTE policy and funding was still pending, and that its absence could affect legislation for FY28. No votes were taken and no bill was acted on in the portion of the meeting provided; the discussion ended with interest in modeling alternatives, reviewing the waiting list, and examining the tradeoffs of reducing upfront state aid versus funding more projects overall.

Transcript Highlights:

• Our inventory process began in January.
• They also support local water resource district local control.
• That's what was stated in the 1984 Flood Control Act.
• We have created more than 700 flood control structures.
• We have created more than 700 flood control structures.

Summary: The Water Topics Overview Committee met with a quorum and received updates from the Department of Water Resources and the State Water Commission, followed by presentations from Deloitte on two legislative studies required by House Bill 1020. Director Reese Haas reviewed major project and budget updates, including the Northwest Area Water Supply and Southwest Pipeline projects, Resources Trust Fund balances, carryover spending, project prioritization, bid conditions, regional water system coverage, and department process improvements. Members also discussed how the commission prioritizes projects, maintenance expectations, and the impact of limited municipal water supply funding. No formal committee action was taken during the DWR update; the commission’s municipal funding decisions were described as pending its April 8 meeting. Deloitte then presented the cost-share policy study, which found that under current policy and forecasted revenues, North Dakota faces an estimated $1.3 billion shortfall over 14 years, with a near-term gap of about $1.8 billion through 2031. The firm outlined seven recommended options, including tighter definitions and a 25% cost share for eligible replacement projects, caps and financing strategies for the Mouse River and Red River Valley projects, aligning cost share with commission priority guidance, delaying lower-priority projects, using available lines of credit, and adjusting reimbursement timing for revolving loan funds. Committee members questioned inflation assumptions, affordability, user fees, and the use of legacy fund earnings for bonding, but no decisions were made. In the governance and finance study, Deloitte said final recommendations are still being refined, with a final report due May 29. The study examined the Southwest Pipeline, NAWS, and Red River Valley systems using governance and finance criteria such as decision authority, transparency, affordability, risk, and access to funding. For Southwest, Deloitte outlined options ranging from improved state-authority coordination to transferring ownership to the Southwest Water Authority; for NAWS, options focused on strengthening the authority’s role and potentially transitioning operations and maintenance; and for Red River, options ranged from enhanced facilitation to formal state oversight or state ownership. Members asked follow-up questions about ownership transfer, capital repayment streams, and why NAWS was not considered for transfer, and Deloitte said NAWS’s limited organizational maturity made that option less viable in the near term.

Transcript Highlights:

• The ask is to move attack surface management, governance, and risk control risk assessment and state-local
• The ask is to move attack surface management, governance, and risk control.
• For that Process, we need to do a scan or an understanding of what they currently have in their inventory
• Madam Chair, Representative, we don't control that.
• Another one was our internal controls because we're trying to rewrite our policies that back in 2017

Keywords: 996, all

Transcript Highlights:

• program offered by utilities on energy efficiency is more demand-side management, which is a load-control
• program where utilities, based on the customer voluntarily giving it, getting a credit every month, can control
• We have a very robust inventory of assets in terms of our investment portfolio.
• The population is getting out of control.
• Our transportation issues are also getting out of control. When it comes to our rail investments...

Summary: The committee heard introductory remarks from Chair LaMarca and members, then received presentations on electric utility planning, transportation infrastructure, and broadband deployment. Public Service Commission staff explained how Florida’s utilities plan for reliability and cost through 10-year site plans, demand forecasting, and economic dispatch. The presentation emphasized Florida’s residential-heavy load, growing EV demand, expanding solar and battery storage, continued reliance on natural gas combined-cycle plants, and the role of nuclear power. Members asked about energy efficiency, rates, renewable options beyond solar, cybersecurity, grid resilience, data centers, and small modular nuclear reactors; the witness said efficiency programs are reviewed every five years, utilities must balance reliability and affordability, and large new loads like data centers generally must pay for their own infrastructure needs. Department of Transportation Secretary Jared Perdue described FDOT’s five-year work program, decentralized district structure, and funding mix, noting that the agency is predominantly state-funded and prioritizes maintenance and preservation before expansion. He highlighted record investment levels, major congestion-relief projects, toll-road revenues, seaport and airport partnerships, spaceport investments, workforce and equipment needs, and emerging technology such as advanced air mobility. Members asked about project timing, MPO planning, rail and ferry funding, airport governance, winter storm preparedness, and flooding/sea-level rise; Perdue said faster delivery depends on resources, local governments lead transit operations with FDOT as a capital partner, and coastal and drainage projects are designed around storm surge and resiliency. The Office of Broadband reported on six grant programs supporting infrastructure, community facilities, digital connectivity, and future digital capacity and broadband expansion. Director Leo Garcia said the office has awarded hundreds of millions of dollars across most counties, leveraged significant private investment, and focused heavily on rural areas. He noted that broadband efforts are intended to support telehealth, education, workforce development, and economic growth, and said the state has reduced the number of unserved locations from more than 400,000 to a projected 170,000 after current awards are completed. He also said the office needs additional budget authority for the upcoming digital capacity program and that the larger federal/state broadband deployment program will be used to reach remaining unserved and underserved areas.

Transcript Highlights:

• any amount is controlled.
• not be... ...be a controlled substance.
• They went to 99.9% seizure control.
• It helps control nematodes and aids with weed control the following year.
• These sorts of controls already exist at the federal level, like, controlled substance regulations, right

Bills: HB5

Keywords: hemp, cannabinoids, regulation, occupational licenses, consumable products, marketing, criminal offenses, labeling requirements, health and safety, 997, house, all

Transcript Highlights:

• Right, they didn't just turn off all their environmental controls; they just had some discretion and
• If the decision-maker of a governmental entity has... ...control of the decision and they have their
• If it's outside of the owner's control, then they don't have to pay for it. So this is not...
• It's inventory, right?
• So there are already a lot of controls in place on that, but we don't have anything specific.

Bills: SB75, SB715, SB776, SB1299, SB1405, SB1968, SB2021, SB2077, SB2148, SB2321, SB2330, SB2411

Keywords: electric generation, reliability, ERCOT, Public Utility Commission, penalties, performance requirements, energy policy, construction contracts, compensatory damages, government delays, contractor, legislation, nonprofit donor privacy, membership lists, supporter confidentiality, volunteer privacy, association rights, public records exemption, Texas Public Information Act, government transparency

Transcript Highlights:

• So we don't know what that inventory would look like with this bill.
• They don't exist without the out-of-control gambler.
• They don't exist without the out-of-control gambler.
• They don't exist without the out-of-control gambler.
• Even home builders are not sitting on inventory that long, well, hopefully not.

Keywords: 910, house, all

Transcript Highlights:

• We have many roads in inventory that haven’t been paved for 20 years.” the more rural counties, they
• We have many roads in inventory that haven’t been paved for 20 years.” for our road fund um it goes it's
• We have many roads<01:06:20.160> in<01:06:20.319> inventory<01:06:21.039> that<01
• :06:21.359> haven't<01:06:21.599> been roads in inventory that haven't been roads in inventory

Keywords: 00:00:39 Roll Call 00:02:57 Severe Weather Damage 00:39:00 Work Zone Safety 00:47:12 Local Assistance Road Program 01:10:18 Admin. Regs 01:15:37 Aviation Impact Study, 958, all

Summary: The committee’s first interim meeting opened with roll call, a quorum, and a briefing from Transportation Cabinet officials on the Cabinet’s response to severe weather and tornadoes in Kentucky, especially the May 16–17 storms that caused deaths and widespread damage in Pulaski and Laurel counties, with an additional tornado noted in Washington County. Secretary Jim Gray, State Highway Engineer James Ballinger, and District 11 engineer Chris Jones described how crews in all 120 counties were placed on alert, how roads were cleared of debris, and how KYTC coordinated with emergency management, law enforcement, local governments, and utilities to restore access and power. They reported major impacts on roads, signals, and other infrastructure, including the EF4 tornado path through Pulaski and Laurel counties, and said KYTC also helped with debris hauling, airport cleanup, and delivery of water and meals. The officials gave specific recovery figures for Laurel County, including 1,800 loads of construction and demolition debris hauled, about 11,000 tons and 22,000 cubic yards removed, with roughly 50% of vegetative debris cleared at that point. They said all state roadways in Laurel County were reopened, the London-Corbin Airport was returned to flight operations by Sunday, and a transition plan was underway for Laurel County Fiscal Court’s contractor to take over debris operations. Gray also noted that KYTC had helped issue replacement IDs, licenses, registrations, and titles at no cost in disaster areas, and said the Team Kentucky Storm Relief Fund had raised nearly $1.5 million from more than 6,000 donors. Members praised KYTC staff as first responders and thanked them for their quick response and coordination. Several legislators recounted local impacts in Washington, Pulaski, and Laurel counties, including blocked roads, rescue challenges, looting concerns, and the scale of property damage. One member asked how KYTC inspects bridges and infrastructure after disasters to check for hidden damage, and officials said the process depends on the event and can include bridge inspections and checks of tall infrastructure such as light poles. No votes or formal committee actions were taken during the discussion.

Bills: HB20, HB463, HB469, HB649, HB963, HB1163, HB1334, HB1481, HB1509, HB1511, HB1514, HB1515, HB1516, HB1518, HB1519, HB1523, HB1524, HB1546, HB1548, HB1550, HB1553, HB1573, HB1574, HB1576, HB1588, HB1591, HB1618, HB1619, HB1628, HB1642, HB1643, HB1656, HB1658, HB1664, HB1667, HB1679, HB1682, HB1688, HB1692, HB1696, HB1700, HB1705, HB1707, HB1710, HB1711, HB1713, HB1716, HB1718, HB1721, HB1728, HB1737, HB1740, HB1741, HB1749, HB1752, HB1753, HB1768, HB1782, HB1800, HB1804, HB1810, HB1823, HB1839, HB1842, HB1854, HB1858, HB1864, HB1870, HB1875, HB1881, HB1886, HB1888, HB1890, HB1894, HB1897, HB1898, HB1920, HB1929, HB1946, HB1959, HB1961, HB1962, HB1973, HB1974, HB2001, HB2005, HB2020, HB2021, HB2022, HB2023, HB2062, HB2078, HB2093, HB2095, HB2096, HB2097, HB2101, HB2137, HB2152, HB2207, HCR137, HCR181

Keywords: lava insurance, homeowners, insurance market, subsidy, Hawaii, eviction, housing access, tenant rights, judicial reporting, disassociation, disability, parking, travel placard, accessibility, mobility, small boat harbors, moorage, harbor permits, commercial use permit, commercial fishing

Bills: HB20, HB463, HB469, HB649, HB963, HB1163, HB1334, HB1481, HB1509, HB1511, HB1514, HB1515, HB1516, HB1518, HB1519, HB1523, HB1524, HB1546, HB1548, HB1550, HB1553, HB1573, HB1574, HB1576, HB1588, HB1591, HB1618, HB1619, HB1628, HB1642, HB1643, HB1656, HB1658, HB1664, HB1667, HB1679, HB1682, HB1688, HB1692, HB1696, HB1700, HB1705, HB1707, HB1710, HB1711, HB1713, HB1716, HB1718, HB1721, HB1728, HB1737, HB1740, HB1741, HB1749, HB1752, HB1753, HB1768, HB1782, HB1800, HB1804, HB1810, HB1823, HB1839, HB1842, HB1854, HB1858, HB1864, HB1870, HB1875, HB1881, HB1886, HB1888, HB1890, HB1894, HB1897, HB1898, HB1920, HB1929, HB1946, HB1959, HB1961, HB1962, HB1973, HB1974, HB2001, HB2005, HB2020, HB2021, HB2022, HB2023, HB2062, HB2078, HB2093, HB2095, HB2096, HB2097, HB2101, HB2137, HB2152, HB2207, HCR137, HCR181

Keywords: lava insurance, homeowners, insurance market, subsidy, Hawaii, eviction, housing access, tenant rights, judicial reporting, disassociation, disability, parking, travel placard, accessibility, mobility, small boat harbors, moorage, harbor permits, commercial use permit, commercial fishing

Transcript Highlights:

• So, members, on February 13 and 14, a private company that controls Donald Trump's intellectual property
• CS for SB 824, on inventory of unimproved real property owned by school districts.
• SB 1134 would take that control away. Well, DEI has been increasingly...
• SB 1134 would take that control away.
• It gives communities more control to limit data center construction.

Summary: The committee took up a long agenda of retained bills and several new measures, with most receiving favorable reports after amendments. Major debate centered on CS/SB 706, which preempts airport naming to the state and designates Palm Beach International Airport as the Donald J. Trump International Airport subject to FAA and trademark-related conditions. Senator Jones offered amendments to avoid private royalty benefits, but both failed. Senators Berman, Osgood, Jones, and Pizzo spoke against the bill, raising concerns about naming an airport after a sitting president, lack of local input, and ethical issues; Senator Mayfield defended the bill as cost-free to the airport and noted the naming agreement. The committee ultimately voted the bill favorably. The committee also approved CS/SB 546 on conservation land notice requirements and CS/SB 1014 on municipal utility service to properties outside city limits, both with amendments and some opposition from the Florida League of Cities on the utility bill. Several other bills were heard and reported favorably with little controversy. CS/SB 1500 would streamline uncontested probate proceedings; SB 962 would exclude farms and farm operations from certain zoning definitions tied to affordable housing preemption; CS/SB 820 would strengthen reporting for problem-solving courts; SB 840 would revise portions of last year’s hurricane-related land-use law to narrow its scope and sunset temporary restrictions; and SB 856 would require online property listings to show estimated ad valorem taxes, with an amendment excluding social media platforms and broadening liability protections. SB 110 would clarify homestead exemption eligibility for 98-year or longer residential leases. SB 394 would exempt certain underwriting managers handling limited facultative reinsurance from licensure requirements, and SB 434 would prevent wind-hardening improvements from increasing assessed value for residential property tax purposes. The committee also advanced several public-safety and transparency measures. CS/CS/SB 658 and 608, a combined water-safety bill, would require safety features for rental properties with pools or nearby water bodies and authorize DBPR enforcement; supporters framed it as a response to Florida’s high child-drowning rates, and Airbnb waived in support. SB 748 would place constitutional language on restoration of voting rights on sentencing score sheets, with broad support from voting-rights and civil-rights groups. CS/SB 824 would require annual reporting of unimproved school-district land inventories, and CS/SB 848 would create a framework for off-site stormwater treatment and related credits, with support from builders and mitigation bankers. The committee also heard CS/SB 1036 on school counselors, which clarifies certification requirements and performance criteria after a delete-all amendment.

Transcript Highlights:

• That is the provision that already... ...control over decisions regarding the management of assets.
• Now, it's my understanding Given the state control over the local public utility.
• Lucie County Mosquito Control District, St. Lucie County.
• Lucie County Mosquito Control District, St. Lucie County.
• Yes, it gives us an outward look on what inventory we have.

Summary: The Senate convened with a quorum, opened with prayer and the Pledge of Allegiance, and included several member introductions recognizing guests, interns, firefighters, and a doctor of the day. The chamber then moved to the special order calendar and began taking up a series of bills, often substituting House companions for Senate measures before final passage. The first major bill, health care patient protection, required hospitals with emergency departments to adopt pediatric emergency care policies, training, a pediatric emergency care coordinator, and readiness assessments; it passed 36-0. A public records bill protecting victim identities and temporarily exempting the name of a law enforcement officer who is a victim also passed after questions about access for victims of police misconduct, with a 33-4 vote. The Senate next approved a local government cybersecurity bill creating a state-administered program through Florida Digital Service to help counties and cities strengthen cyber defenses, with priority for rural and fiscally constrained governments; after amendments, it passed 37-0. A clerks of court bill allowing clerks to retain all revenue above projections and, through a House amendment, revising legal notice and traffic citation distribution provisions, passed 38-0 despite debate over impacts on municipalities and law enforcement. The chamber also passed a trademark modernization bill and a septic system permit bill intended to reduce delays for builders; the septic bill was amended to align the House and Senate versions and passed 38-0. The longest and most contested item was the elections bill, which updated citizenship verification procedures using REAL ID and state databases, changed candidate qualification rules, and altered election administration provisions. Numerous amendments were offered and rejected, including proposals to exempt certain seniors, preserve student and retirement-center IDs, allow attestations in place of documentary proof of citizenship, and require human review over automated systems. One amendment to delay implementation until July 1, 2027, was also debated. The transcript ends while debate is still underway on the elections measure, with no final vote shown in the excerpt.

Transcript Highlights:

• And we're going to need to do more to control those costs for all kinds of insurance, and we're going
• And we're going to need to do more to control those costs for all kinds of insurance, and we're going
• And the idea is it's something that helps them provide something for inventory, get the business started
• And the idea is it's something that helps them provide something for inventory, get the business started
• And the idea is it's something that helps them provide something for inventory, get the business started

Keywords: Meeting Start 00:00:00 Call to Order and Roll Call 00:00:15 Department of Insurance Update 00:01:39 Department of Financial Institutions Update 00:37:07 Insurance Industry Update 00:54:50 Credit Union Industry Update 01:10:53, 958, all

Summary: The committee met with a quorum, approved the September 16 minutes, and then received an update from Insurance Commissioner Sharon Clark and staff on the Department of Insurance. Clark reviewed department activity, including growth in premium volume and licensing, consumer complaints and recoveries, and a rise in fraud referrals. She said the department has 66 open fraud cases and described common schemes such as staged auto accidents, inflated repair or cleanup charges, and roofing scams. She also said the department’s investigators often prepare strong cases but face reluctance from local prosecutors, especially in Fayette and Jefferson counties, to pursue them. Clark reported favorable workers’ compensation news, saying rates will decrease 9.7% next year for the 20th straight year. She contrasted that with a difficult property insurance market driven by storms, reinsurance costs, inflation, labor shortages, and litigation, but said Kentucky’s market remains relatively stable, citing the Kentucky Fair Plan’s small number of policies. She then warned of significant 2026 health insurance premium increases on the exchange: 16.1% for Molina, 23% for Anthem, and 37% for WCare, after CareSource withdrew. She said the rates were reviewed by actuaries and found fair, but that the biggest pressure point is the scheduled expiration of enhanced premium tax credits, which she said could leave about 90% of exchange enrollees facing a compounded increase. Members questioned Clark about fraud prosecution, the number of people in commercial versus public coverage, and the impact of expiring subsidies. Clark said the prosecution issue is mainly with Commonwealth attorneys and that rural counties are more cooperative than urban ones. She also said the health market is individually rated and that older enrollees would be hit harder, while the loss of tax credits could push some people out of the marketplace. One member asked about the attorney general’s recent opinion on SB 188, the PBM bill; staff said attorneys were still reviewing it. Clark closed by noting that Kentucky’s fraud and towing/storage legislation has become a model for other states.

Transcript Highlights:

• <00:49:53.280> Uh,<00:49:53.520> because the tobacco control program.
• Uh, because the tobacco control program.
• , for every dollar in tobacco control, for every dollar in tobacco control, that's<00:49:57.280><
• <00:50:21.119> You the tobacco control program. You the tobacco control program.
• They fail on improve housing inventory. They fail on all<02:13:36.480> counts.

Keywords: 928, house, all

Summary: The committee heard testimony on House Bill 1596, which would raise New Hampshire’s cigarette excise tax from $1.78 per pack to about $2.80, using an inflation-based adjustment since the rate was last set in 2008. Representative Jerry Stringham, the bill’s sponsor, said the measure would keep New Hampshire competitive with neighboring states, generate revenue, and help offset other budget pressures. He also described the bill as repealing an income-based premium charge in Medicaid/CHIP-related programs and restoring cuts to the University System of New Hampshire, arguing that the combined package would still leave the state in a positive fiscal position. He said the tobacco tax increase would likely have some cessation effect but would remain low relative to other New England states, and he cited prior testimony from health groups supporting a larger increase. Members questioned the sponsor about how the new rate was calculated, the prior tobacco tax reduction and restoration, whether tobacco companies would absorb or pass on the tax, and the fiscal note’s estimates for Medicaid premium revenue and UNH funding. Stringham said he used Bureau of Labor Statistics inflation data, that the earlier 10-cent reduction did not produce the expected sales increase, and that the current bill would eliminate the premium charges now in the budget. He later clarified that the Department of Medicaid Services had updated the revenue estimate, but said the bill still showed a surplus overall. He also said the federal government already imposes a $1-per-pack tax and that New Hampshire would remain below neighboring states even after the increase. Two public witnesses testified in opposition to the tax increase. Anna Bettincourt, a tobacco category manager, argued that higher tobacco taxes would unfairly target smokers, reduce New Hampshire’s tax advantage, and likely shift purchases to other states or illicit markets rather than reduce use. She said tobacco companies generally do not lower prices and that Massachusetts’ flavor restrictions had not eliminated sales. In response to questions, she maintained that a smaller increase would still be harmful and that enforcement problems make bans ineffective. The sponsor and some members countered that smokers impose higher health costs and that tobacco taxes are a policy tool for both revenue and public health. No vote or final committee action was taken in the portion of the meeting provided.

Transcript Highlights:

• I want them controlled.
• There's three or four down there that called me, and they self-imposed controls.
• Just a couple questions on some other controlled substances that are out there.
• You can't tell me that poison control has been called for marijuana.
• I'm not out of control.

Keywords: 959, house, all

Transcript Highlights:

• I'm speaking on what I can control. by two stores. OK.
• TACA is the oldest and largest animal control... Association in the nation.
• That regulation is going to fall to animal control officers.
• The Texas Animal Control Association, so is that a government entity, city agency, or non-profit?
• Every one of our members works for an animal control department or an animal shelter.

Bills: HB74, HB175, HB460, HB576, HB2271, HB2294, HB2874, HB3016, HB3133, HB3191, HB3458, HB3929, HB4063, HB4115, HB4394, HB74, HB175

Keywords: Puerto Verde, Port Authority, eminent domain, bonds, tax assessments, economic development, infrastructure, transportation, public welfare, child care, certifications, Texas Rising Star Program, grant program, disability inclusion, family income, affordability, economic impact, state study, cost analysis, government support

Transcript Highlights:

• Our inventory process began in January.
• Funding would be conditional on two controls.
• Next, aging asset risk… controls the build-out of decisions.
• That's what was stated in the 1984 Flood Control Act.
• We have created more than 700 flood control structures.

Keywords: 908, all

Transcript Highlights:

• Does that include building safety inspections, code enforcement, animal control?
• of impact it's going to have on them, and we need to know the impact it could have on the housing inventory
• of impact it's going to have on them, and we need to know the impact it could have on the housing inventory

Keywords: 998, house, all

Transcript Highlights:

• again, assuming that the guarantee programs work and the BFA continue to have their own process and controls
• And so the state took over ownership in the 1960s and found that with this large inventory of dams, there
• 05:26.400> large and found found that with this large and found found that with this large inventory
• :05:28.079> needed<01:05:28.319> to<01:05:28.480> be<01:05:28.559> a inventory
• of dams, there needed to be a inventory of dams, there needed to be a mechanism<01:05:29.200> for

Keywords: 1189, house, all

Summary: The committee first heard testimony from State Treasurer Monica Misipelli on House Bill 1042, which would increase the contingent credit limit for the BFA. She explained that under RSA 66 the state’s debt capacity is capped at 10% of unrestricted revenue, and that guaranteed debt counts in the calculation even though it is not direct debt. She said the state currently has about 65% of its capacity used, roughly $120 million of remaining room, and that raising the BFA contingent credit limit from $200 million to $450 million would reduce that capacity. She noted the state’s debt-to-revenue ratio is about 4.2%, that the state’s credit rating is not immediately affected by the guarantee program unless the state actually has to assume the liability, and suggested unused guarantee authorizations, such as one for the Peace Development Authority, could be reviewed in the future. Members asked whether a credit guarantee affects bonding ability like actual debt, what the usual debt level is relative to the statutory cap, and whether the increase would crowd out future capital borrowing. Misipelli answered that guarantees are included in the formula and do affect available capacity, though the current ratio remains manageable. She also said she had been using a $120 million benchmark for capital budget planning and was now modeling $130 million in future state debt. When asked whether the full $250 million increase was necessary, she deferred to the BFA, saying the question should be answered by the agency. James Key Wallace, executive director of the New Hampshire BFA and interim commissioner of Business and Economic Affairs, then testified in support of the bill. He said the request was driven by larger project costs over the last several decades, with construction inflation causing guarantees to be used up in bigger chunks, and by the fact that the BFA has been close to its current cap. He said the agency does not use taxpayer funds, has never had a payout on a guarantee in nearly 35 years, and requires collateral, reserves, and an 80% loan-to-value buffer. He told members the Senate had a similar bill to raise the limit to $400 million and that the BFA considered that range acceptable. In response to questions, he said a smaller increase such as $150 million would cover known transactions but might not provide enough runway for future opportunities, and he confirmed the bill was brought at the BFA’s request. He also said businesses consider housing availability when deciding whether to locate in New Hampshire, since housing and workforce are key location factors. At the end of the work session, the chair closed House Bill 1042 and opened House Bill 241, a bill on health insurance coverage of pain management services for chronic pain. Representative Nagel began introducing the bill and asked for copies of the treasurer’s debt-capacity report, but the transcript cuts off before any further action on HB 241.