Transcript Highlights:

• I'm glad to report, members, we also did put some of it through state gov and sent it to finance last
• pension commission would approve the bill, then it would go to state and local, then it would go to finance
• gov and sent it to finance last week. gov and sent it to finance last week.
• ,<00:02:13.760> and local, then it would go to finance, and local, then it would go to finance
• <00:02:33.360> Senator before we go to finance. Senator before we go to finance.

Keywords: 1187, senate, all

Transcript Highlights:

• This bill excludes financing from notice requirements but includes revenue.
• So we have passed this bill to allow the company to go get financing.
• I voted for—or rather, I voted against the House Finance version of the bill on June 12th.
• It's what gets projects financed even if they're not going to be paid off for 20 or 30 years.
• It would have shown progress to the finances, the investors.

Keywords: 905, all

Summary: The House met with a quorum, approved the journal, and received messages from the governor and Senate, including notice that the governor vetoed CSHB 16 and allowed HB 14 to become law without signature. The chamber then took up the conference committee report on HB 381, a major Alaska LNG-related bill that revises the project’s tax and regulatory structure. The conference report was explained as a compromise package that, among other things, changes required local contribution language, expands disclosure and notice requirements, adjusts foreign ownership reporting, extends the Phase 1 construction deadline, adds a $10 million workforce development/community impact fund, modifies project labor agreement provisions, and exempts the Alaska LNG project from the new pass-through entity tax while still requiring an informational tax return in 2027. The Speaker also announced the governor had issued a proclamation calling the legislature back into session on July 27, 2026, and said sine die would be moved after debate. Debate on HB 381 was sharply divided. Supporters argued the bill is necessary enabling legislation to improve the project’s financial viability, protect Alaska’s interests, and move the North Slope gas line toward final investment decision, while also adding transparency, foreign ownership safeguards, and labor and workforce provisions. Several members said the conference committee process was collaborative and that the bill reflects hard-fought compromise with the developer, AGDC, labor, and the administration. Opponents focused on the addition of the pass-through entity/S-corp income tax and related reporting requirements, arguing it is a separate tax policy issue that should have been considered in its own bill, creates uncertainty and litigation risk, could harm existing oil and gas and Cook Inlet production, and may discourage investment. Multiple members also criticized the process as rushed and insufficiently transparent, especially the limited opportunity for the minority and the absence of Department of Revenue testimony during conference. No final vote on the conference committee report is shown in the transcript excerpt. The debate continued with members alternating between support for the gas line project itself and opposition to the tax provisions and process used to advance HB 381.

Transcript Highlights:

• So if you have questions, that's the way to divide them: financing to finance and policy to the education
• S.159 — Finance. S.160 — Judiciary. S.161 — Education. S.162 — Health and Welfare.
• S.204 — Finance.
• >> finance >> finance >> s<00:41:49.359> 205 S.205 — Finance.
• Senate Finance will meet at 1:00.

Keywords: 927, senate, all

Transcript Highlights:

• <00:01:45.799> committee<00:01:46.680> he and chair of the finance committee he and
• chair of the finance committee he says<00:01:47.360> if<00:01:47.600> these<00:01:47.799
• For example, the Education Finance Committee will have to work through a more than $687 million drop
• We're going to have all-day Finance meetings. We're going to have all day on the floor.
• <00:03:38.400> meetings going to have all day Finance meetings going to have all day Finance

Keywords: 1187, senate, all

Transcript Highlights:

• Ida Lee Spettis with the Department of Finance.
• George Harris for the Department of Finance. George Harris, for the Department of Finance.
• Chaudet and area of the Department of Finance.
• Alex Ivelasquez with the Department of Finance.
• So, Finance, do you want to go first? Yes. Alex and I have Alaska's with the Department of Finance.

Keywords: 988, house, all

Transcript Highlights:

• Ida Lee Spettis with the Department of Finance.
• George Harris for the Department of Finance. George Harris for the Department of Finance.
• Chaudet Anarea from the Department of Finance.
• Alex Ivelasquez with the Department of Finance.
• So, Finance, do you want to go first? Yes. Alex and I have... with the Department of Finance.

Summary: The committee heard testimony on three education budget items: the Expanded Learning Opportunities Program (ELOP), differentiated assistance/statewide system of support, and universal school meals plus kitchen infrastructure grants. For ELOP, the Department of Finance described the Governor’s proposal to provide $4.7 billion ongoing Proposition 98 funding and $62.4 million to set a minimum Tier 2 rate of $1,800 per pupil. The LAO recommended instead fixing the Tier 2 rate at $1,579, and committee members questioned how the rate was determined, how much funding is actually spent, and whether overlapping funding from ELOP, ACEs, and 21st Century programs is being tracked. CDE said ELOP is showing positive attendance and math outcomes, but some requested data will not be available until mid-2027; members also raised concerns about double-funding, transparency, and whether middle and high school students are being equitably served. On differentiated assistance, CCEE outlined the statewide system of support and the various tiers of universal, targeted, supplemental, and intensive assistance. Finance explained the Governor’s proposal to replace the current DA structure with a more stable universal and targeted assistance model, funded at $131.9 million ongoing, with a three-year support cycle aligned to LCAP and ESSA timelines and broader State Board authority to revise eligibility criteria. The LAO objected to considering the proposal before the State Board finalizes the new performance criteria, and committee members expressed concern that moving to a three-year cycle could delay support for LEAs that newly fall into need mid-cycle. There was also discussion about whether the proposal would weaken subgroup-based equity guardrails or give the State Board too much discretion over who qualifies for support. For school meals and kitchen infrastructure, Finance proposed $1.8 billion ongoing for universal meals and an additional $100 million ongoing plus $100 million one-time for a fourth round of kitchen infrastructure and training grants. The LAO recommended rejecting the new kitchen grant round because prior rounds are still being spent and the unmet need is not yet clear. CDE said prior investments have improved meal participation, efficiency, and menu variety, but many schools still lack the facilities for scratch cooking and face construction, electrical, and procurement barriers. Members asked for more data on how prior grants were used, which schools are benefiting, and whether funds could also support lower-cost food access strategies such as pantries, while noting federal restrictions on some meal-service innovations.

Transcript Highlights:

• Many Californians like affordable financing for fire-hardening retrofits.
• Matt Klopfenstein on behalf of Home Run Financing in support. Thank you.
• That makes projects more expensive and harder to finance.
• Financing ADUs is already one of the biggest challenges in the space.
• Financing ADUs is already one of the biggest challenges in the space.

Keywords: 987, senate, all

Transcript Highlights:

• Andrew Hall at the Department of Finance.
• Manisha Kapasuela, Department of Finance.
• Manish Kaposville, Department of Finance.
• Amartia Kumar, Department of Finance.
• Amartia Kumar, Department of Finance.

Summary: The subcommittee began by announcing a change in the agenda order, moving item 6 ahead of item 1 and then item 7, and noting there would be no votes taken on any items that day. Item 6 covered a proposed operational efficiencies control section for the Natural Resources Agency that would let multiple departments jointly fund landscape-scale or multi-jurisdictional projects and allow Finance to transfer climate bond funds to a lead state entity. The LAO said the proposal was reasonable but suggested the Legislature consider requiring summary notification on how it is used; Finance said it would consider that request. Item 7 focused on the 2026-27 biodiversity and nature-based solutions spending plan. Finance and the Wildlife Conservation Board described the climate bond funding for habitat restoration, wildlife crossings, public access, tribal nature-based solutions, and related work, including $111 million proposed for WCB and $30 million for Salton Sea habitat and public access projects. The LAO supported the overall approach but flagged the San Andreas Corridor Program as an area where the Legislature may want to specify geographic priorities. Members discussed the pace of Salton Sea work and whether the proposed projects would count toward disadvantaged community goals. Item 8 addressed Cal Fire’s aviation contract and staffing needs for wildfire response. Cal Fire said year-round fire activity, a larger and more complex aircraft fleet, and labor market pressures justified the proposed contract increase, including more mechanics, pilots, and maintenance support. The LAO recommended approval, saying the proposal addressed health and safety concerns. Members asked about contractor staffing, competition in the bidding process, and future technology for early fire detection and suppression. The committee then took up item 1 on golden mussel containment. Fish and Wildlife described the invasive species’ spread in the Delta, the task force and response framework, and a request for eight new positions funded by Prop. 4 to support control plans, outreach, monitoring, research, and coordination with partners and law enforcement. Members pressed the department on whether the state should fund more direct decontamination infrastructure and grants to local water managers, and on the realistic goal of containing the mussel. The chair and several members emphasized the urgency of the threat and requested an itemized breakdown of the $20 million request. The hearing then moved to a broader LAO overview of wildfire prevention and response funding, where the LAO summarized the state’s funding mix and warned that ongoing wildfire resilience funding will likely decline as one-time bond and GGRF funds are exhausted, prompting discussion of long-term funding options and the balance between prevention, suppression, and community hardening.

Transcript Highlights:

• I call this meeting of the House Housing Finance and Policy Committee to order.
• Minnesota Housing Finance Assembly would Minnesota Housing Finance Assembly would give<00:01:42.880><
• I'm not sure if you've talked with the Housing Finance Agency yet.
• I know they they finance agency yet.
• <00:08:45.200> Agency the the Minnesota Housing Finance Agency the the Minnesota Housing Finance

Bills: HF3600, HF3809, HF3608

Keywords: housing, community land trusts, competitive development, development programs, Minnesota, HF3809, Minnesota eviction law, landlord-tenant, residential lease, minor child, children in eviction, eviction complaint, defendant prohibition, expedited eviction, expedited hearing, summary eviction, tenant protections, housing policy, civil penalty, nonwaivable lease terms

Transcript Highlights:

• prohibiting a taxing entity from issuing certificates of obligation and tax anticipation notes to finance
• I was also the finance director for the town of North Lake and town of Trophy Club, um, and even way
• And so, uh, we're going to finance the project over 53 to 5 years. We were going to use tax notes.
• SB 1024 would further restrict public finance tools.
• Then it provides 1/4 1 to finance the cleanup, mitigation or remediation of a natural disaster.

Transcript Highlights:

• Welcome to this meeting of the New York State Finance Committee.
• Next item, Print Number 8851 by Senator Kruey: an act to amend the state finance law.
• And act to amend the state finance law. Thank you.
• This meeting of the Finance Committee is adjourned.
• This meeting of the Finance Committee is adjourned. The Finance Committee is adjourned.

Keywords: 993, senate, all

Summary: The New York State Senate Finance Committee met with Senator John Liu presiding for Chair Liz Krueger, joined by members of the majority and minority. The committee considered a broad agenda of bills covering agriculture, public health, technology, taxation, corrections, education, housing, transportation, and civil rights. Among the measures discussed were a youth agriculture entrepreneurship summer employment program, a Bronx asthma study commission, a statewide multi-factor authentication requirement for governmental entities, a tax on noise emissions from certain helicopter and seaplane flights, a requirement that state events serving alcohol include New York-produced alcohol, a veterans and service members alternative resolution program, packaging reduction and recycling infrastructure legislation, limits on certain debt-collection practices involving foreign sovereign debt, commissary rules in correctional institutions, school energy performance contract recovery periods, a senior rent cap tied to income, a dental health demonstration project, farm succession planning, Operation SNUG gun violence prevention grants, expanded breast cancer screening coverage, direct Medicaid billing for creative arts therapists, a vacant storefront registry, academic credit for volunteer firefighters and EMTs, a plan to expand wheelchair-accessible vehicles outside New York City, STAR exemption notification, restrictions on certain tropical hardwoods in state contracts, a PSC guidebook on gas and electric rate making, gender-affirming care coverage and anti-discrimination provisions, and state leave for Civil Air Patrol members on airport-assigned missions. Most of the meeting focused on the packaging reduction and recycling infrastructure bill, which drew extended debate. Supporters said the bill had been revised after months of discussion with industry, included waivers for food safety and federal-law conflicts, and could save local governments money through producer responsibility funding. Opponents argued it would raise costs, harm food packaging flexibility, threaten food safety, and hurt manufacturers and small businesses, citing examples from dairy, meat, and coffee businesses. The sponsor’s representative said the bill had been updated and that some small businesses would be exempt, while acknowledging not all concerns were resolved. The committee also discussed the fiscal impact, with testimony that upfront state costs would be reimbursed and localities could see savings. Several other bills prompted brief policy discussion, including the helicopter/seaplane noise tax, where staff explained it would be assessed per ticket or up to $200 per flight and exempt quieter aircraft meeting DOT standards, and the sovereign debt/claims bill, where a senator warned it could drive financial activity out of New York. The committee also heard concerns about the packaging bill’s effect on New York food manufacturers and the availability of waivers. After discussion, the committee voted to report the bills; the transcript indicates the measures passed, generally with some members recorded as without recommendation or opposed, and all listed bills were moved to the floor before the meeting adjourned.

Transcript Highlights:

• The second finding relates to the finance director.
• The second finding relates to the finance director.
• We are working on the standard operating procedures, which we did have some in the finance department
• , but since everything in other departments involving money flows up to the finance department...
• Involving money, flows up to the finance department.

Keywords: 1204, all

Transcript Highlights:

• by Parker relating to transparency review and report on attendance credit under the public school finance
• Bill 1901 by Huffman relating to the administration of the Texas Opioid Abatement Fund Council to Finance
• 1907 by Creighton relating to the exemption of certain gas and electric from sales and use taxes to Finance
• revenue received from certain oversized or overweight vehicle permits to the State Highway Fund to Finance
• Senate Bill 2002 by Hughes relating to the issuance of gold and silver specie to Finance.

Transcript Highlights:

• Report saying with recommendation that it do pass and hence referred to the Appropriations and Finance
• Speaker, your Appropriations and Finance Committee, to whom has been referred House Bill 15, has had
• Finances or things like that.
• are oversight and governance over the finances of the school. Mr.
• Appropriations and Finance Committee. Respectfully submitted, D. Wanda Johnson, Chair.

Transcript Highlights:

• the Senate Tax Committee for the opportunity to present my bill, Senate File 3552, a tax increment financing
• of increment after the expiration of the 5-year period to 11 years for the Aladdus tax increment financing
• generated from tax increment financing generated from tax increment financing for<00:08:10.800><
• financing on the following<00:08:42.080> projects.
• increment financing district for them. increment financing district for them.

Keywords: 1187, senate, all

Transcript Highlights:

• healthcare policy and financing healthcare policy and financing transfers<01:07:16.640> to
• healthcare policy and financing healthcare policy and financing transfers<01:14:20.400> to
• Transfers to other state financing.
• Healthcare policy and financing Healthcare policy and financing transfers<01:35:40.560> to
• healthcare policy and financing. healthcare policy and financing.

Keywords: 981, all

Transcript Highlights:

• I move House Bill 1326 in the finance and appropriations report. >> To the finance report in... >> Thank
• The finance report is adopted. >> Thank you, Mr. Chair.
• finance report. >> Uh, thank you, Mr.
• finance report.
• finance report.

Keywords: 981, all

Transcript Highlights:

• This bill is critical for financing parties for all existing projects and to ensure financing is available
• It would be amortized over whatever remaining financing term we have.
• and finance who submitted commentary Thank you, Mr.
• <00:49:13.000> at may not be able to obtain financing at may not be able to obtain financing
• that uh is approved for a financing that uh is approved for a financing order<01:08:41.319> upon

Keywords: 912, senate, all

Summary: The joint Senate hearing focused primarily on SB 1201, a wildfire measure that would create a wildfire recovery fund and allow securitization for electric utilities. Hawaiian Electric strongly supported the bill, saying it would help protect customers, property owners, insurers, and the broader economy from future catastrophic wildfire liability while improving the utility’s credit profile and lowering financing costs. Support also came from DCCA Consumer Advocacy, the Attorney General’s office on written comments, Ulupono Initiative, Clearway Energy Group, IBEW Local 1260, Par Hawaii, KIUC, the Chamber of Commerce Hawaiʻi, Plus Power, and numerous organizations and individuals. Opponents or commenters raised concerns about the liability cap, victim compensation process, and fund structure, including the Hawaiʻi Association for Justice, the Hawaiʻi Regional Council of Carpenters, and the Hawaiʻi Insurance Council; Henry Curtis of Life of the Land supported the concept of a fund but questioned the catastrophe threshold and whether the fund would be empty without a prudency finding. Much of the discussion centered on whether the proposed fund would actually help restore Hawaiian Electric to investment grade, with senators comparing the proposal to California’s wildfire fund. Hawaiian Electric said the bill was only one part of a broader process, alongside physical risk reduction and settlement finalization, and argued that without the bill the utility would not regain investment grade. Senators also questioned the proposed $1 billion fund size, the fairness of ratepayer contributions versus shareholder contributions, and whether customers should pay for consulting and administrative costs; Hawaiian Electric said its proposed amendment would remove those consulting-related charges. The company also said the fund would accrue interest and, if unused, could be returned to customers, and that there would be replenishment and supplemental contribution mechanisms if the fund were exhausted. The Attorney General’s office said it still had further amendments to discuss, and the departments had not yet resolved where the fund should reside administratively, though Hawaiian Electric said it believed DCCA was the appropriate place but was open to alternatives. KIUC requested two amendments. No vote or final committee action was taken during the hearing, and the measure remained under discussion with questions and proposed amendments still outstanding.

Transcript Highlights:

• the head of the state Housing Finance the head of the state Housing Finance Agency<00:04:47.440>
• <00:08:40.719> Agency things that a a Housing Finance Agency things that a a Housing Finance
• <00:09:34.760> of<00:09:34.920> new support the financing of new support the financing
• <00:09:37.600> of construction we support the financing of construction we support the financing
• always came in with housing financing always came in with housing financing after<01:05:06.440><

Keywords: 1183, house

Summary: The committee met for an agency overview from Minnesota Housing Commissioner Jennifer Ho. After member and staff introductions, Ho described Minnesota Housing’s mission, structure, and role as a mission-driven financial institution that issues bonds, uses earnings to support operations, and works across the housing continuum from homelessness prevention to homeownership and preservation. She emphasized that the agency is not a builder or regulator, but funds and partners with developers, local governments, nonprofits, and lenders. She also noted the agency’s four divisions, including a new local government housing programs division created after the 2023 legislative session expanded the agency’s responsibilities. Ho reviewed funding and program activity, saying Minnesota Housing spent $1.96 billion in fiscal year 2024 and helped more than 73,000 households. She highlighted that the agency’s work is heavily competitive and often oversubscribed, with many projects selected through RFPs and grants but more applications than available resources. She discussed 2023 and 2024 investments, including homeownership, rental, and manufactured housing projects, and said roughly half of competitive dollars have gone to Greater Minnesota over the last several years. She also explained the difference between funds committed and funds actually disbursed, noting that construction and rehabilitation projects can take many months to close and draw down funds. The commissioner also updated members on new programs created in 2023 and 2024, including first-generation down payment assistance, the Greater Minnesota Workforce Housing Development Program, public housing rehabilitation, state housing tax credits, and other local and regional initiatives. She said some programs are already closed out, while others remain in early implementation or are still accepting applications. Ho mentioned a forthcoming technical amendment to adjust a high-rise sprinkler program after eligibility issues limited participation. She closed with examples of projects preserved or funded, including a St. Louis Park preservation deal, public housing preservation in Greater Minnesota, a St. Cloud challenge project, and the first-generation down payment assistance program, which distributed $50 million to about 1,450 first-time buyers, most of whom were Black, Indigenous, or people of color. No votes or formal committee actions were taken.

Transcript Highlights:

• Hi, Jessica Holmes, Department of Finance.
• Hi, Jessica Holmes Department of Finance.
• Paula Tang, Department of Finance.
• Yeah, Shaday and Area, Department of Finance. So... Yeah, Shaday and Area, Department of Finance.
• Liz May with the Department of Finance.

Keywords: 987, senate, all