Transcript Highlights:

• the Chief Financial Officer to close out and remove the trust fund from the state's accounting and finance
• Next up, PCB JUB 26 - 02, Correctional Facilities Financing and capital improvements by Chairman Maney
• It also provides bonding authority to be used for new correctional facility construction and establishes
• for any new capital facility construction.
• Serving as clerk of the circuit court, most also serve as county treasurer, recorder, auditor, finance

Transcript Highlights:

• <01:14:44.800> companies and their uh, captive finance companies and their uh, captive finance
• <01:16:42.960> programs accessing innovative financing programs accessing innovative financing
• financing entity of Ford Motor Company. financing entity of Ford Motor Company.
• Uh providing consumers with financing.
• At this point before I turn financing.

Keywords: 1191, senate, all

Transcript Highlights:

• Thank you. financing and so that uh in this financing and so that uh in this particular<00:12:43.839>
• <01:00:46.400> as revolving fund to allow financing as revolving fund to allow financing as
• Finance, finance manager.
• the counties to provide grants to eligible homeowners or home buyers to finance construction costs,
• the counties to provide grants to eligible homeowners or home buyers to finance construction costs,

Keywords: 912, senate, all

Summary: The committee heard testimony on SB 834, which would change restrictions on transfers of real property under chapter 201H, HRS, and was discussed in the context of Hawaiian homelands and HHFDC-funded projects. Supporters, including HHFDC, DHHL, and individual testifiers, said the bill would clarify that Hawaiian homelands should not be subject to the 201H buyback and appreciation restrictions, while preserving affordability requirements tied to federal mortgage and tax credit programs. HHFDC explained that the main concern was the buyback/share-appreciation provisions, especially for DHHL projects using LIHTC or similar financing, and said aligning the statute with DHHL’s program goals would not be a problem. Members questioned whether removing the restrictions could weaken affordability protections, and whether the state could still prioritize beneficiaries and workforce housing, but no vote was taken in the portion provided. The committee then took up SB 759, which would add the DHHL chairperson or designee to the HHFDC board of directors and adjust quorum requirements. DHHL and several supporters argued the measure would give Hawaiian Homes a seat at the table, improve access to HHFDC funding sources such as tax credits, private activity bonds, and revolving funds, and help leverage limited resources to reduce the Hawaiian Homes waitlist. One testifier supported the bill but urged safeguards to prevent favoritism or abuse of power, and another raised concerns about whether a DHHL representative would need to recuse from voting on projects involving DHHL. HHFDC testified that DHHL projects still must compete under the same criteria and set-asides as other applicants, and that the board already includes multiple public and executive representatives. Members pressed on whether DHHL could achieve the same informational goals without a voting seat, and whether the added board role would create leverage or conflicts. The DHHL witness said a nonvoting role could provide information, but a voting seat would be more useful for decision-making and advocacy. The discussion also covered DHHL’s use of LIHTC, rent-to-own models, transitional housing, and other layered financing, as well as the broader need to coordinate state housing resources. The transcript ends during continued questioning, with no final committee action or vote shown.

Transcript Highlights:

• This bill excludes financing from notice requirements but includes revenue.
• closing of construction financing instead of at FID, giving the RCA the most accurate basis for evaluating
• 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 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:

• new housing construction. new housing construction.
• properties for this type of financing. properties for this type of financing.
• Section 6 of the bill expands financing Section 6 of the bill expands financing available<02:13:
• deference to the Vermont Housing Finance deference to the Vermont Housing Finance Agency.
• purchasing of off-site constructed purchasing of off-site constructed housing.

Keywords: 926, house, all

Summary: The House resumed consideration of H.606 on firearm procedures and first took up Section 3 and its effective dates. A member from Northfield spoke at length in support, arguing the provision is narrowly tailored, based on actual dangerousness rather than mental illness alone, and is more limited than federal law because it applies only to specific court findings and is temporary, with rights restorable upon recovery. The House then approved Section 3 and its effective dates, approved the remainder of the Judiciary Committee report, and ordered third reading. The chamber then moved through third readings and passed H.385 on remedies and protections for victims of coerced debt, H.556 on exceptions to the state minimum wage, H.559 on the parole board, H.723 on posting of land, and H.757 on manufactured homes and limited equity cooperatives. On H.814, relating to neurological rights and AI in health and human services, the House adopted an amendment offered by the member from Burlington that required the advisory council to include proposed definitions for neurotechnology, artificial intelligence, and related terms in its report; the House Health Care Committee reported the amendment favorable 11-0-0, and the bill then passed. H.816, regulating the use of artificial intelligence in the provision of mental health services, also passed, as did H.927, technical corrections for the 2026 session. The House then took up H.930 on chronic absenteeism. The committee member from Manchester described the bill as an AOE proposal responding to high post-pandemic absenteeism rates and their impact on learning, and outlined provisions adding definitions, updating compulsory attendance language, requiring a state model policy, strengthening notification and truancy procedures, and preserving existing penalties. The member said the Education Committee heard from a wide range of education and child welfare witnesses and passed the bill 11-0. After a brief clarification on the absences section, the House proceeded toward third reading of H.930.

Transcript Highlights:

• 23:10.640> we<00:23:10.960> actually looking at finances, uh we actually looking at finances
• Construction is funded with a refined.
• <01:07:30.720> funds appropriated school construction funds appropriated school construction
• <01:20:28.159> of funding request include construction of funding request include construction
• <02:05:03.520> to had to work with budget and finance to had to work with budget and finance

Keywords: 910, house, all

Transcript Highlights:

• I will tell you the genesis of that statutory construction is pretty wild... ...of that statutory construction
• We’re looking at two years for design, three years for construction. That’s the amendment.
• All financing terms have to be disclosed.
• Number one, does Petland offer financing, and if someone were to default on the financing, what happens
• Does Petland offer financing, and if someone were to default on the financing, what happens to the pet

Bills: S0050, S0054, S0176, S0178, S0198, S0290, S0420, S0502, S0538, S0706, S0834, S0936, S0962, S1004, S1080, S7022

Keywords: veterans, treatment court, nonviolent felony, probation, mental health, cognitive function, psychotropic drugs, violent offenders, autopsy procedures, medical records, school safety, campus safety, higher education, university safety, college safety, student safety, threat assessment, violence prevention, credible threat, campus security

Summary: The committee heard and advanced several bills, beginning with CS for CS for SB 54, which requires district medical examiners to perform toxicology screenings for psychotropic drugs and intoxicating substances in autopsies of violent offenders and report findings to state agencies. It was reported favorably after brief discussion about how the data would be used. CS for SB 176 also passed, requiring public postsecondary institutions to make campus safety reporting and response procedures clearer and more accessible for students, faculty, and staff who receive threats. Both bills were approved without opposition in the meeting. The committee then took up the large Florida Farm Bill, CS for CS for CS for SB 290, which drew extensive testimony and multiple amendments. The bill includes changes to fair associations, a preemption on local restrictions affecting gas- and diesel-powered farm equipment, surplus of certain state-owned lands for agricultural use, a food animal veterinary loan repayment program, permanent authorization for Farmers Feeding Florida, expanded Florida Forest Service training, a ban on signal jamming devices, tougher CDL English-proficiency penalties, protections for food safety inspectors, biosolids provisions, and contractor payment enforcement. Amendments expanded veterinary loan eligibility to equine veterinarians, merged citrus research entities, made technical corrections, and revised contractor payment language; a late-filed amendment removed the bill’s disparagement clause after significant First Amendment concerns and public testimony. A separate amendment delayed biosolids compliance deadlines. The bill was reported favorably as amended. Also approved were CS for CS for SB 834, which repeals a restriction on health care sharing ministries partnering with licensed insurance agents, while adding a disclaimer requirement; SB 936, allowing temporary door locking devices at any height above the floor and directing the Building Commission to add standards to the code; and CS for SB 50, expanding veterans’ courts statewide. Later, CS for CS for SB 1004 advanced with a strike-all regulating dog and cat sales, requiring disclosure of medical records and financing terms, a three-day waiting period for financed purchases, and consumer protections against deceptive pet sales; an amendment removed an appropriation section. The committee also approved CS for CS for SB 178, which directs the FHSAA to adopt rules allowing coaches to provide limited good-faith support to student-athletes, and CS for CS for SB 198, regulating virtual currency kiosks with registration, warnings, transaction limits, receipts, and refund protections. Each of these bills was reported favorably by recorded vote.

Transcript Highlights:

• And in construction of additional ADUs.
• <04:04:13.439> or ability to maintain, construct or ability to maintain, construct or improve
• But if you just look at new construction, newly constructed manufactured housing has been built since
• So if you look at new construction.
• > housing, newly constructed manufactured housing, newly constructed manufactured housing, those

Keywords: 928, house, all

Summary: The subcommittee first took up House Bill 1598 and an amendment, 2026-0463H. Elliott Barry and Nick Norman testified that the amendment reflected a hard-fought compromise balancing concerns from all sides, and they urged no further changes. With no questions from members, the subcommittee voted unanimously to recommend the bill with the amendment to the full committee, 3-0, and closed the subcommittee. The housing committee then moved through several executive session bills. HB 1010 was amended with 2026-0274H, described as clarifying and implementing prior housing law (HB 631) governing residential units above office and retail space; the amendment was adopted unanimously and the bill was reported ought to pass as amended on a 17-0 vote and placed on consent. HB 65 was then voted ought to pass and also placed on consent, with members saying it was duplicative of the compromise reached on HB 1010. HB 1349 was reconsidered for a clarifying vote and again received unanimous support for its prior disposition, 17-0, and was placed on consent. The committee next took up HB 1523, which concerned homeowners associations. An amendment, 2026-0380H, removed Section 5’s Attorney General enforcement mechanism, added HOA conflict-of-interest approval language, and delayed the effective date to give stakeholders more time; it was adopted unanimously. The bill then passed 18-0 as amended and was put on consent. The committee also voted ITL on CACR 16, a constitutional amendment related to sleeping or homelessness issues, after debate over unintended consequences and whether it protected a basic right; the vote was 10-8, with a majority report assigned and a minority report to be written. Later, HB 108, dealing with inclusionary zoning, was voted ITL 10-8 after members argued the bill imposed unrealistic burdens and could halt development; a minority report was noted with amendment 0149H. HB 7, concerning ADUs and restrictive covenants, was also voted ITL 10-8 after discussion of unintended consequences and a proposed amendment to encourage second ADUs; it was sent to the regular calendar with a minority report and amendment 0289H. HB 1120, on water-related subdivision requirements, was ITL’d 17-1 and placed on consent, with one member noting a study amendment had been offered. HB 1143, addressing housing-provider obligations and municipal enforcement powers, was ITL’d 17-1 and placed on consent. Finally, HB 1145, a fee/tax proposal tied to housing development, was ITL’d 11-7; members debated whether it would discourage development, and a minority report was assigned.

Transcript Highlights:

• Waiting Construction Waiting Construction another<00:15:00.079> 468<00:15:00.959> units
• projects financed by the city, so we're trying to help developers mitigate those upfront costs.
• projects financed by the city, so we're trying to help developers mitigate those upfront costs.
• Clark. financed over a 15-year period like a financed over a 15-year period like a road<00:18:21.080>
• <01:25:30.560> company roofs it was the construction company roofs it was the construction

Keywords: 1187, senate, all

Transcript Highlights:

• Um, he couldn't find the additional financing to, he owned a place, but he couldn't have the financing
• :47:50.599> to but he couldn't have the financing to but he couldn't have the financing to fix
• re seller financing seller financing re seller financing contracts<00:52:54.799> renewal<00:52
• to a 3 or 4% finance charge?
• <01:08:24.799> the business helping to finance the business helping to finance the construction

Keywords: 1187, senate, all

Transcript Highlights:

• It will have the chairman of Finance, the chairman of Appropriations, two people appointed by the President
• It will have the chairman of Finance, the chairman of Appropriations, two people appointed by the President
• It will have the chairman of Finance, the chairman of Appropriations, two people appointed by the President
• This provides relative to the Healthy Food Retail Act to expand and enhance the healthy food financing
• Title 18, relative to the Campaign Finance Disclosure Act, to provide for definitions.

Bills: SCR12, HB1259, HB221, HB509, HCR117, HCR58, SCR29, SCR33, SB295, SB312, SB326, SB348, SB485, SCR9, SCR58, SB35, SB65, SB215, SB246, SB249, SB269, SB282, SB296, SB323, SB363, SB369, SB474, SB490, SB492, SB500, SB514, HCR32, HCR5, HCR95, HB75, HB198, HB244, HB302, HB325, HB623, HB719, HB749, HB755, HB761, HB797, HB823, HB1028, HB1049, HB1194, HB1199, HB1201, HB1222, HB17, HB27, HB36, HB41, HB73, HB140, HB166, HB181, HB211, HB223, HB226, HB271, HB308, HB337, HB399, HB410, HB487, HB690, HB712, HB730, HB750, HB759, HB762, HB775, HB906, HB966, HB968, HB1006, HB1009, HB1018, HB1036, HB1062, HB1081, HB1086, HB1098, HB1107, HB1112, HB1203, HB1215, HB1220, HB1242, HB1252, HB1256, SB208, SB217, SB274, SB283, SB300, SB341, SB382, SB387, SB389, SB401, SB408, SB449, SB469, HB74, HB119, HB134, HB368, HB414, HB552, HB732, HB776, HB848, HB870, HB953, HB956, HB1117, HB1236, SB29, SB42, SB43, SB78, SB149, SB441, HB210, HB258, HB359, HB468, HB784

Keywords: logging, recognition, John Keith, environment, safety, HB1259, mask penalty, masked felony, face covering, conceal identity, evade identification, sentencing enhancement, enhanced penalty, felony sentencing, crime deterrence, public safety, Louisiana criminal law, R.S. 14:313.2, R.S. 14:313, R.S. 14:329.7

Transcript Highlights:

• Your Committee on Finance has had under consideration Engrossed Committee Substitute for House Bill 4007
• Your Committee on Finance has had under consideration Engrossed Committee Substitute for House Bill 2010
• Your Committee on Finance has had under consideration Engrossed House Joint Resolution 42, Homestead
• Senate concurrent, Resolution 8 by Senator Fuller requesting Joint Committee on Government and Finance
• Finance will meet at 3:15 in 451M, and the Committee on Judiciary will meet at 3:15 in 208 West.

Keywords: 994, senate, all

Summary: The Senate convened with prayer and the Pledge of Allegiance, approved the journal, and spent much of the day recognizing pages, guests, school groups, and civic organizations visiting the chamber. Several communications from the House and committee reports were received, and a petition on support for new electric transmission lines was referred to the Committee on Energy, Industry, and Mining. Senate Resolution 61, urging the U.S. Supreme Court to reverse Obergefell, was referred to the Committee on Rules, while other resolutions and bills were held over or referred as required. The chamber then acted on a large number of measures, including concurrence in House amendments to Senate Bill 137 on parole eligibility for second-degree murder and voluntary manslaughter, and a conference committee was appointed on House Bill 4026 regarding integrated resource plans. Numerous House bills were advanced or passed after committee reports, covering topics such as industrial access roads, local airport hangar financing, college campus safety, youth and handicapped hunting, missing persons records, driver’s licenses, adjudicatory alternative dispositions, chronic absenteeism, party-switching deadlines for candidates, teacher/school personnel/state police pay raises, election official trainees, political committee filing notices, security personnel for the State Treasurer, post-secondary financial aid, legal practice rules, overseas voting, public officials’ residential information, homestead exemption, military juvenile jurisdiction, military interpersonal violence, kinship care subsidies, statewide prevention planning, contraband smuggling into federal prisons, forestry equipment taxation, microgrid and data center certification, transcript acceptance for students, emeritus medical licenses, higher education rule authorizations, board and commission reforms, managed care organization taxes, and deputy sheriff vacation carryover. Most of these measures passed with little or no opposition, and several received title amendments. The Senate also passed a series of supplemental appropriations, many with immediate-effect motions adopted by the required two-thirds vote. These included funding for the Department of Commerce, Workforce West Virginia, Homeland Security divisions, Health Facilities, Administration, Human Services, the Governor’s Civil Contingent Fund, the Department of Agriculture, and the Bureau of Senior Services. Votes were overwhelmingly in favor, with only a few measures drawing one or more dissenting votes. One bill on tourism appropriations was referred to the Committee on Rules, and several second-reading bills were advanced, including measures on the West Virginia Collaboratory, business-ready sites, volunteer fire companies, religious organization eminent domain restrictions, electric load forecasting, and funeral service licensure.

Transcript Highlights:

• calendar days, delete the exception for medical waste transfer stations, include up to two-acre construction
• calendar days, delete the exception for medical waste transfer stations, include up to two-acre construction
• Matt Ross, Associate Commissioner in the Office of Finance and Operations.
• /c><00:14:38.079> the<00:14:38.160> office<00:14:38.360> of<00:14:38.440> finance
• commissioner in the office of finance commissioner in the office of finance and<00:14:39.279>

Keywords: 958, all

Summary: The Administrative Regulation Review Subcommittee met on February 10 with a quorum present, approved the minutes, and then reviewed a long agenda of agency regulations, most of which were accompanied by staff-suggested amendments for drafting conformity under KRS Chapter 13A. The Department of Financial Institutions’ 808 KAR 9:10, the Secretary of State’s 030 KAR 2:11, the Office of the Attorney General’s 04 KAR 5:10, the Board of Speech-Language Pathology and Audiology’s emergency 201 KAR 17:120, the Department of Fish and Wildlife Resources’ 301 KAR 2:41, the Department for Environmental Protection’s 401 KAR 47:110 and 48:320, the State Police regulations 502 KAR 1:012 and 1:121, the Department for Public Health’s 902 KAR 4:15, the Department for Medicaid Services’ 907 KAR 1:15, and the Department for Community Based Services’ 921 KAR 1:400 were all discussed and, where applicable, staff amendments were approved without objection. The Workplace Standards emergency regulation 803 KAR 2:320E was also presented without amendment, and the Department of Insurance’s 806 KAR 9:360 was taken up but ultimately deferred at the agency’s request. Several regulations drew brief substantive discussion. The Fish and Wildlife rule on foxhound training enclosures was explained as expanding both commercial and non-commercial provisions for training with dogs involving red fox and coyotes, with enclosure standards intended to protect wildlife inside and outside the facilities. The environmental protection rules were tied to House Bill 478 and addressed permit-by-rule timelines, reporting, and operating standards for certain construction and demolition debris landfills, including sites up to two acres; members asked whether these facilities were private or municipal, and staff said they were a mix, often tied to private demolition contractors or single projects. The State Police fee increase for hazardous materials endorsements was described as reflecting a federal TSA fee change, and the witness estimated the new fee at about $23. The most extended debate concerned the Board of Education’s 704 KAR 3:535 on full-time virtual and remote learning programs. The agency amendment would cap enrollment in such programs at 10% above a district’s prior-year in-person enrollment, while also clarifying accountability, staffing, and monitoring requirements. Education officials said the cap was intended to address concerns about district capacity and student performance, and they cited Cloverport as an example of a district with high virtual participation and participation-rate issues. Members expressed concern that the amendment was too open-ended for regulation and suggested the issue might be better addressed in statute; no motion was made to adopt the agency amendment, so the regulation was left to proceed to the committee of jurisdiction. The Department of Insurance also discussed implementation of Senate Bill 188, saying it had received more than 3,000 complaints since the law took effect and was still working through enforcement and complaint processing before asking to defer its PBM licensing regulation.

Transcript Highlights:

• Red tape, they will lead to fewer construction, some delays or cost overruns.
• , affecting the overall construction costs for housing in California.
• freezing the standards by which people need to meet to construct their home.
• Now one in five new homes constructed in the state are ADUs.
• Tax increment financing tools like enhanced infrastructure financing districts or EIFCs.

Keywords: 988, house, all

Transcript Highlights:

• Over the last several years, the Legislature has worked diligently to reduce barriers to ADU construction
• California's ADU reforms lead the nation, having spurred the construction of tens of thousands of new
• more units, we know that one of the reasons we don't see this huge run is, number one, you have to finance
• And for a good amount of time financing these for, say, a couple in their 50s or... ...of time financing
• AB 1165 requires HCD to create the financing plan toward solutions right at a time when the new agency

Keywords: 987, senate, all

Summary: The Senate Committee on Housing met without a quorum at first and operated as a subcommittee, then later established a quorum and took up several housing-related bills. Early presentations focused on AB 2390, a cleanup measure to clarify streamlined housing approvals and how modifications are reviewed; AB 1890, which would increase state matching funds for Napa County farmworker housing centers; and AB 956, which would clarify accessory dwelling unit law by allowing more flexibility in how ADUs are built and by clarifying application of ADU protections in common interest developments. Supporters for these bills emphasized predictability, farmworker housing stability, and expanded housing options for multigenerational families, while opponents of AB 956 raised concerns about neighborhood density, infrastructure, and local control. AB 956 drew the most extensive debate. Committee members discussed whether it was a clarification or expansion of ADU law, the potential for triggering density bonus rules, and possible local government costs. The author accepted committee amendments to avoid allowing a third ADU/JADU combination that could trigger density bonus implications. The committee then voted to do pass AB 956 as amended to the Senate Committee on Local Government, with one no vote recorded and the bill held on call for absent members. The committee also took votes on the consent calendar and on AB 2390 and AB 1890, but those measures were likewise held on call for absent members after favorable motions. The committee also heard AB 939, which would let developers transfer income-restricted ownership units to qualified nonprofit affordable housing organizations without waiting 180 days after certificate of occupancy. Supporters, including Habitat for Humanity and California YIMBY, said the bill would reduce vacancy, carrying costs, and help preserve long-term affordability. The California Association of Realtors opposed the bill unless amended, arguing it could limit buyer choice, codify first-right-of-refusal practices, and reduce wealth-building opportunities for families. After discussion, the bill was moved to the Senate Appropriations Committee on a do pass motion and held on call. Later bills included AB 1165, which would require state housing agencies to create a fiscal analysis and financial plan for ending homelessness; AB 1184, which would add transparency and open-meeting style requirements for homeowners associations; and AB 2035, a narrowly tailored measure to help Laguna Woods Village update outdated CC&Rs by lowering the vote threshold needed to seek court approval. AB 1165 and AB 2035 both received broad support and were moved forward on do pass motions, while AB 1184 also advanced despite late opposition from the California Association of Realtors. The committee then began hearing AB 1573, which would add survivors of domestic violence, sexual assault, and human trafficking to local housing element target populations, but the transcript cuts off before that bill’s testimony or any vote.

Transcript Highlights:

• rules; and two, approved waiver requests from school districts for cooperative purchasing and construction
• rules, and two, approved waiver requests from school districts for cooperative purchasing and construction
• The subcommittee heard testimony from the Arkansas State Crime Lab regarding construction and the timeline
• for the new crime lab that is under construction.
• , discretionary grants, RFQ, request. the Office of State Procurement, Methods of Finance, Discretionary

Summary: The meeting began with a quorum call, prayer, and approval of the previous minutes. Members then adopted a resolution honoring Lori McDonald of the Department of Human Services for nearly 28 years of state service, with remarks praising her legislative work, constituent services, leadership, and emergency response roles. McDonald thanked the committee, and the Senate also presented her with a citation, flag, and commemorative coin. The committee received the May 2026 revenue report, which showed gross adjusted collections of $7.76 billion year-to-date, up 4.4% from the prior year, and a projected surplus of $585.8 million. The executive subcommittee report was adopted, covering emergency rules for DHS and the Department of Education, school district waiver requests, committee fund allocations, cancellation of the July ALC meeting, and authorization for subcommittees to meet in July on urgent matters. The administrative rules report was also adopted after members noted that most rules were approved, with a few pulled by agencies or held. Members then heard a lengthy exchange on the Arkansas Education Department’s ClassWallet contract and delays in expense review for education savings account payments. Department officials said they were meeting regularly with ClassWallet, enforcing contract standards, keeping some reviews in-house, and adding staff and technology improvements to speed processing while maintaining oversight. The committee also adopted reports from Game and Fish and State Police, Hospital/Medicaid/Developmental Disabilities, Lottery Oversight, Occupational Licensing Review, Peer Review, Review, State Insurance Programs Oversight, and Personnel, including a Department of Commerce reallocation tied to a broader shared-services realignment. Under review of communications, members filed several retirement system investment items as reviewed, approved rural community grant funding, gave favorable advice for state park additions, approved special maintenance funding for state parks, and filed Office of State Technology service-rate changes as reviewed. The meeting concluded with no new business and adjournment.

Transcript Highlights:

• Article 11 to provide an additional funding source that helps municipal and governmental entities finance
• bill would increase general revenue funding for the Department of Transportation strategy and construction
• concerns related to toll roads in Texas that continue collecting tolls long after the original construction
• When the acquisition and construction costs have been paid and all bonds are either retired or fully
• Who's paying for the construction, the operation, the maintenance and all of this stuff?

Transcript Highlights:

• Department of Finance.
• Department of Finance. Anthony France with the Department of Finance.
• Department of Finance: Anthony Franzoid, Department of Finance.
• Department of Finance. Thank you so much. Department of Finance or L.A.O.
• Department of Finance. Department of Finance. Matthew Perky, Department of Finance.

Summary: Assembly Budget Subcommittee No. 6 heard the Governor’s May Revision proposals for the judicial branch, the Board of State and Community Corrections, the Department of Justice, and the California Department of Corrections and Rehabilitation. The Legislative Analyst’s Office opened with a warning that the state budget remains structurally imbalanced and urged the Legislature to avoid new ongoing spending unless offset by reductions elsewhere. In the judicial branch discussion, the Judicial Council highlighted language access funding, appellate court security, a backfill for the state court facilities construction fund, and an extension of the lactation room mandate; Finance supported most items but suggested reporting language on interpreter costs and reducing the General Fund backfill. Members raised concerns about judicial vacancies, long-term salary freezes, remote hearings, and the lack of progress on court staffing in some counties. For the Board of State and Community Corrections, the administration proposed $10 million one-time each for the Missing and Murdered Indigenous People grant program and a human trafficking vertical prosecution grant program. The LAO said both should be weighed against other priorities and suggested the Legislature consider whether the Tribal Nations Grant Fund could support MMIP work, while Finance said it preferred General Fund support and wanted more review before any fund swap. Members strongly supported MMIP funding and asked whether ongoing support would be considered. On the human trafficking grant, Finance said BSC was a good fit because of its grant administration experience and prior vertical prosecution work, while legislators asked why the program was not placed with the Office of Emergency Services as originally contemplated in prior legislation. The Department of Justice presented antitrust litigation funding, Medi-Cal Fraud and Elder Abuse staffing, completion of organized retail criminal enterprise cases, and trailer bill language for a continuous appropriation from the Victims of Consumer Fraud Restitution Fund. The LAO supported the antitrust account use but questioned the Unfair Competition Law Fund’s ability to cover the full request without General Fund repayment, and recommended against a continuous appropriation for the restitution fund in favor of a more limited mechanism with legislative oversight. Finance said the fund would remain solvent and defended the continuous appropriation as necessary to pay victims promptly. In the CDCR portion, the largest discussion centered on the Boston Consulting Group efficiency review and sharply reduced savings estimates; LAO said the department had not fully explained the proposed position eliminations or future $100 million savings target, while Finance said the work reflected deeper analysis and ongoing efforts to find savings. Members repeatedly pressed CDCR and Finance on the gap between earlier promised savings and the revised figures. CDCR also outlined population projections showing continued declines in prison and parole populations, while LAO again urged the state to close an additional prison to save ongoing costs. The department then walked through several May Revision items, including workers’ compensation funding, a Corcoran honor housing dorm, incarcerated firefighter pay implementation, an incarcerated menopause program, mental health receiver staffing, mental health resource teams and crisis intervention teams, medical classification staffing changes, and AI note-taking for the electronic health record. LAO generally recommended limiting-term funding and more reporting for many of these proposals, while Finance defended them as necessary ongoing investments or court-ordered obligations. Members questioned the cost of workers’ compensation, the need for more prison closures, the lack of funding for women’s facility violence prevention, and the timing and transparency of the BCG savings process. No votes were taken.

Transcript Highlights:

• Referred to Finance.
• Referred to Finance.
• Referred to Finance.
• Referred to Finance.
• Today we have Senate Finance at 1 p.m. in Room A.B. And then Monday at 10:30 a.m. in Room A.B.

Bills: SB525, SR112, SR109, SCR61, SCR62, SCR12, HB175, HB276, HB437, HB456, HB457, HB459, HB488, HB579, HB656, HB804, HB818, HB841, HB981, HB1052, HB1089, HB1101, HB1154, HB1166, HB1193, HB1194, HB1203, HB1209, HB1244, HB1249, HB221, HCR69, HCR58, SB57, SB405, SB414, HB62, HB193, HB203, HB205, HB210, HB220, HB222, HB228, HB246, HB420, HB475, HB486, HB574, HB584, HB750, HB799, HB813, HB815, HB826, HB870, HB949, HB953, HB1045, HB1092, HB1151, HB1162, HB1176, HB1177, HB1196, HB1214, HB1236, HB1241, SB106, SB206, SB248, SB441, SR86, SCR30, SB83, SB135, SB143, SB155, SB157, SB202, SB237, SB276, SB295, SB388, SB450, SB465, SB35, SB65, SB215, SB246, SB249, SB269, SB282, SB296, SB323, SB363, SB369, SB474, SB484, SB490, SB492, SB500, SB501, SB513, HCR31, HB301, HB358, HB359, HB384, HB413, HB428, HB450, HB462, HB547, HB613, HB631, HB657, HB669, HB675, HB680, HB691, HB712, HB716, HB720, HB723, HB727, HB728, HB735, HB747, HB759, HB825, HB845, HB846, HB903, HB904, HB907, HB923, HB929, HB941, HB962, HB965, HB1036, HB287, HB370, HB515, HB521, HB570, HB1200, HB29, HB39, HB58, HB67, HB73, HB76, HB77, HB82, HB112, HB121, HB125, HB132, HB134, HB151, HB154, HB155, HB161, HB166, HB187, HB191, HB207, HB211, HB224, HB238, HB241, HB242, HB250, HB260, HB265, HB275, HB300, HB320, HB338, HB339, HB349, HB379, HB399, HB427, HB463, HB464, HB468, HB545, HB550, HB551, HB565, HB588, HB639, HB725, HB782, HB805, HB808, HB834, HB847, HB853, HB858, HB861, HB883, HB916, HB937, HB977, HB1012, HB1027, HB1044, HB1054, HB1091, HB1117, HB90, HB127, HB138, HB150, HB201, HB268, HB273, HB285, HB315, HB354, HB355, HB360, HB376, HB445, HB506, HB606, HB649, HB665, HB681, HB721, HB746, HB757, HB781, HB835, HB844, HB857, HB872, HB886, HB889, HB892, HB972, HB982, HB987, HB1037, HB1068, HB1072, HB1078, HB1085, HB1132, HB1137, HB1167, HB1174, HB1232, HB1238, HB23, HB136, HB36, HB119, HB126, HB129, HB245, HB271, HB280, HB337, HB351, HB677, HB726, HB789, HB850, HB956, HB966, SB149, SB382

Keywords: unclaimed property, abandoned property, escheat, state treasurer, administrator, claimant, purchase agreement, assignment, property recovery, owner verification, documentation requirements, fraud prevention, bankruptcy, bankruptcy court, court order, Uniform Unclaimed Property Act, Louisiana Revised Statutes, R.S. 9:167.1, Chennault International Airport, 40th anniversary

Transcript Highlights:

• The Assembly Banking and Finance Committee is now called to order.
• Nico Molina, on behalf of Capitas and Rapid Finance, with the tweener position.
• Terrell and Veal Hunter, on behalf of the Revenue-Based Finance Coalition.
• Housing construction costs continue to rise.
• It's an amazing wonder of our finance system.

Keywords: 988, house, all

Summary: The Assembly Banking and Finance Committee met and first approved the consent calendar, sending AB 2028, AB 2425, and AB 2795 to the Assembly Appropriations Committee. The committee also announced that AB 2558 and AB 2746 had been pulled from the agenda. The chair reviewed committee rules on written testimony and decorum before proceeding through the file order. AB 2116, which would regulate merchant cash advance and related small-business financing products under the California Consumer Financial Protection Law, drew strong support from the author and advocates who said it would close oversight gaps, require registration, prohibit confessions of judgment and power-of-attorney provisions before default, and improve transparency for small businesses. Supporters included small business advocates, consumer groups, local officials, and community organizations. Opposition from the Revenue-Based Finance Coalition argued the bill mixed consumer and commercial regulation, used inconsistent definitions of small business, and could restrict access to capital; they said amendments were being discussed. The committee passed AB 2116 to Appropriations. AB 2243, by Assembly Member Haney, would create a state bank commission to study whether California should establish a state bank or other public financing tools. Supporters said the state pays billions in interest to private lenders and could better use public funds for housing, infrastructure, climate, and small business lending. Opponents from the banking and credit union sectors raised concerns about taxpayer exposure, deposit guarantees, use of public funds, and the bill’s implications for existing financing structures. After discussion, the committee passed AB 2243 to Appropriations on a roll call vote, with some members voting no. AB 2350, as amended, would set guardrails on rent-now-pay-later products tied to rental housing to prevent predatory fees, high interest, and eviction risk for renters. The author and supporters emphasized the bill’s consumer protection goals, while industry representatives opposed it unless amended, saying they had not seen final language and wanted the bill narrowed to avoid broader impacts on the financial services sector. The committee passed AB 2350 as amended to Appropriations. At the end of the meeting, the committee completed roll calls for absent members and then adjourned.