Transcript Highlights:

• And those committee and go to finance.
• </c> innovative community scale clean energy innovative community scale clean energy project<00:12:11.360
• ,</c><00:12:41.200><c> um</c><00:12:41.440><c> who</c> of Evergreen Energy, um who of Evergreen Energy
• </c> the discussions about an energy target. the discussions about an energy target.
• ><00:34:48.040><c> Utilities,</c> the Minnesota Senate Energy, Utilities, the Minnesota Senate Energy

Committee: Senate Energy, Utilities, Environment, and Climate

Keywords: 1187, senate, all

Transcript Highlights:

• creation of geothermal energy generation facilities in New York State.
• So this bill will be advanced to the Finance Committee.
• This bill will be advanced to the Finance Committee.
• This bill will be advanced to the Finance Committee.
• This bill will be advanced to the Finance Committee. Next.

Committee: Senate Energy And Telecommunications

Keywords: 993, senate, all

Summary: The Senate Standing Committee on Energy and Telecommunications met for its first March meeting, chaired by Senator Kevin Parker. Members discussed a short agenda of energy-related bills focused on grid modernization, interconnection studies, geothermal development, microgrids for extreme weather resilience, and a proposed Grid Modernization Commission. Senators Mattera and Walczyk were absent but had voting sheets submitted; Senator Kavanagh joined later in the meeting. The committee advanced several measures: S.1227A, directing the Department of Public Service to study deployment of the energy interconnection process into the electrical grid, was moved to third reading; S.2708, advancing grid enhancement technologies, was also sent to third reading. S.2486A, creating geothermal energy generation facilities, was advanced to the Finance Committee, as was S.4205 on microgrids for extreme weather and public security, and S.4590 establishing the New York State Grid Modernization Commission. During the votes, some members were recorded as voting without recommendation, including Senator Walczyk on multiple bills and Senator Hinchey on the geothermal bill. No testimony or substantive debate was presented beyond brief procedural questions, and the meeting concluded with a motion to adjourn.

Transcript Highlights:

• The second largest proportion of funding is going to clean energy and power.
• </c><00:37:27.520><c> energy</c> meet the state's clean energy energy meet the state's clean energy energy
• </c><00:53:24.520><c> public</c> governments to help them Finance public governments to help them Finance
• </c><01:15:48.880><c> that</c> impact would be on uh the financing that impact would be on uh the financing
• </c><01:23:30.000><c> for</c> well as least purchase financings for well as least purchase financings

Committee: House Capital Investment

Keywords: 1183, house

Transcript Highlights:

• Andrew March with the Department of Finance.
• Andrew March with the Department of Finance.
• Teresa Calvert with the Department of Finance.
• Teresa Calvert with the Department of Finance: proposals in the energy and transportation area that I
• I would also note on the energy side there are two General Fund solutions that are in the energy area

Summary: The Assembly Budget Subcommittee hearing focused on the governor’s May Revision, especially the proposed extension of the cap-and-trade program to 2045 as “cap-and-invest,” the related greenhouse gas reduction fund (GGRF) spending framework, and several trailer bill proposals. Department of Finance staff outlined budget solutions including a $1.5 billion annual General Fund-to-GGRF shift for Cal Fire that would grow to $1.9 billion by 2029-30, continued support for high-speed rail, climate bond implementation, and various environmental and water-related statutory changes. The administration also described proposals affecting the Delta Conveyance Project, water quality planning, groundwater bulletin timing, Exide cleanup funding, and other agency-specific items, though the chair repeatedly asked staff to keep the presentation high-level and save details for the next hearing. Members from both parties raised strong concerns about the cap-and-invest proposal, arguing that it could reduce or displace funding for transit, affordable housing, active transportation, wildfire prevention, zero-emission vehicles, and other previously committed programs. Several members questioned whether the administration was effectively shifting essential ongoing services like Cal Fire onto a temporary carbon market fund, how the General Fund backstop would work if auction revenues fall short, and whether the proposal would leave enough money for continuous appropriations and future awards. Members also criticized the inclusion of cap-and-invest reauthorization in the budget process and asked for clearer information on the impact to high-speed rail, transit, and other GGRF priorities. The Delta Conveyance Project and related trailer bill language drew significant opposition from members and public commenters, who argued the proposal would fast-track the project, weaken CEQA-related review, and authorize revenue bond financing without sufficient legislative oversight. Public testimony also included support for maintaining or expanding funding for transit, affordable housing, AB 617 community air protection, offshore wind infrastructure, and ignition interlock programs, while environmental and community groups opposed cuts to wildfire prevention, housing, and school climate-related programs. No votes were taken; the hearing was informational, and the chair said the committee would continue the discussion and receive more detailed responses at the follow-up hearing on Tuesday.

Transcript Highlights:

• And then finally, the Clean Sustainable Energy Authority.
• will be replaced with Department of Energy funding.
• solutions that provide lower-cost energy access... ...to develop energy solutions that provide lower-cost
• So the State Energy Research Center Fund is number 490.
• and outreach related to the state's energy resources.

Summary: The committee received a compliance and budget update on Industrial Commission agencies and programs, including the Industrial Commission administrative office, the Oil and Gas Research Program, the Clean Sustainable Energy Authority, the State Energy Research Center, the Research Technology Park grant program, and related funds. Staff reviewed spending and balances for items such as electric grid resiliency grants, lignite research, enhanced oil recovery, the salt cavern business case study, and the new NDSU research and technology park grant. Members also discussed timing, carryover balances, matching requirements, and how some programs are structured to reimburse projects over several years rather than spend funds immediately. Karen Tyler of the Industrial Commission described the agency’s administrative budget, the grant management system nearing completion, and the transition to standalone audits and staffing after separating from other agencies. She also outlined the status of active grant rounds across lignite, oil and gas, renewable energy, outdoor heritage, and clean sustainable energy programs. Members asked about the length of active grants, demand for clean energy funding, and the possibility of future grant rounds. Tyler and members also discussed the salt cavern study, the need to better define its commercial value, and the research technology park grant’s cash-match requirement. Ron Ness then testified on enhanced oil recovery and broader oil and gas market conditions. He said North Dakota production remained steady, but future growth depends on infrastructure, longer laterals, and better use of natural gas and carbon dioxide for EOR. He described the state’s EOR grant round, the use of federal DOE funding to replace part of a state-funded project, and the expectation of additional grant rounds. Members asked about CO2 supply, storage, and the economics of using legacy fields and pipelines to extend oil production and support agriculture and industrial uses. The committee also heard from Bank of North Dakota President Don Morgan, who reviewed the bank’s mission, governance, lending verticals, disaster programs, and new initiatives. He said the bank is seeing deposit growth flatten and is responding to fintech competition by focusing on liquidity, risk management, and a new payment infrastructure initiative called Rough Rider Coin, which he emphasized is not crypto and not a public coin, but a banking payment rail for North Dakota institutions. Members asked about student loan rates, disaster lending, and how the bank’s lines of credit and balance sheet capacity are affected by deposit trends. Morgan said the bank remains profitable and continues to support agriculture, commerce, and industry through participation loans, student lending, and state-directed programs.

Transcript Highlights:

• And then second is energy, which is—we are required to put renewable clean energy grid in our system.
• We see it in a lot of clean energy. Texas and Florida produce more clean energy than California.
• So any incremental financing means that the property tax added is all part of a financing, which takes
• We are talking about green energy.
• We are talking about green energy.

Summary: The Senate Transportation Committee held an informational hearing on the California High-Speed Rail Authority’s 2026 draft business plan, with testimony from the authority, the Legislative Analyst’s Office, and the High-Speed Rail Inspector General. Chair Cortese framed the hearing around the project’s recent changes: a new CEO, revised delivery strategy, proposed station and scope changes in the Merced-to-Bakersfield segment, the loss of major federal funds, and the authority’s push for private investment and ancillary revenue. He also raised concerns about financing risks, the proposed changes to the initial operating segment, and the Inspector General’s finding that the draft plan may be missing required statutory elements. Authority CEO Ian Chaudhry said the project is now in a more disciplined phase, citing major construction progress in the Central Valley, near-completion of right-of-way and utility work, and plans to begin track and systems procurement. He said the authority expects the Merced-to-Bakersfield segment to be completed around 2032-33, with broader Phase 1 service later, and argued that design optimization, direct procurement, and public-private partnerships could reduce costs and attract private capital. He also described plans for ancillary revenue from real estate, broadband, energy, and logistics, and said the authority is discussing station locations and value-capture tools with local governments rather than locking them in yet. Several senators questioned the legality and practicality of tax increment financing, utility relocation authority, transparency, and whether the project’s revised scope still meets high-speed rail standards and public expectations. The Legislative Analyst’s Office said the draft plan assumes major statutory changes, including changes to station locations and scope, and warned that the plan’s cost and schedule estimates depend on assumptions that may not materialize. LAO said the plan lacks transparency because it does not clearly disclose the assumed station changes, and it questioned whether even the shorter segment can be delivered within existing funding once borrowing costs and other risks are included. The office also noted uncertainty around future greenhouse gas reduction fund revenues and said ancillary revenues are not yet credit-worthy for financing. The Inspector General’s office said the draft business plan does not appear to meet several statutory requirements, including requirements added in AB 377, and reiterated that the final plan must address those omissions. Chaudhry said the authority would respond to the OIG’s findings in the final business plan and committed to resolving the compliance issues before final adoption.

Transcript Highlights:

• Energy Facilities.
• Energy Facilities. Energy Facilities.
• <c> Inventory</c> And then Energy Planning Inventory And then Energy Planning Inventory Commission.
• Debt service was moved to finance.
• </c> Debt service was moved to finance. Debt service was moved to finance.

Keywords: 958, all

Summary: The Free Conference Committee on the 2026 General Assembly budget met to reconcile differences between the House and Senate versions of House Bill 500. Leaders opened by thanking the other chamber’s work, asking members to turn microphones on and off to avoid feedback, and stressing the need to clearly note decision points so both chambers record the same actions. Staff then walked through the bill page by page, explaining that the committee was comparing only House and Senate differences, not the governor’s proposed budget. The discussion covered a wide range of appropriations and language items, including next generation non-911 services, school safety reporting tools, restored funding for brain injury, epilepsy, veteran service, homeless veterans, and rocket docket programs, debt service changes, rural infrastructure, disaster aid caps, Attorney General and Medicaid fraud funding, agriculture and county fair grants, auditor and pension-related appropriations, school facilities and SEEK funding, and numerous education programs. Members also discussed charter-related funding such as Star Academy, Dolly Parton Imagination Library, school resource officers, school-based mental health providers, AP/IB exams, Governor’s Scholars and Entrepreneurs, and several pilot or initiative programs in economic development, energy, and labor. Several items were described as technical corrections or restorations of language and funding, while others reflected differences in amounts or how funds would be distributed. There were several questions and comments from members about wording such as “implement and carry out,” the absence of the governor’s budget from the comparison document, and whether SEEK funding should be tied to teacher raises. The chair and other members emphasized that the committee’s role was to reconcile the two chambers’ budgets, not to adopt the governor’s proposal. Members also raised concerns about opioid settlement funds and the Dolly Parton Imagination Library match rate, with one senator urging restoration of the House language. No final vote or formal action was taken in the portion provided; the meeting primarily consisted of explanation, questions, and discussion of proposed budget differences.

Transcript Highlights:

• </c> resiliency and um pursue the energy resiliency and um pursue the energy policy<00:37:59.839><c>
• </c> investors as one of the largest energy investors as one of the largest energy developers<01:13:30.239
• </c><01:15:29.840><c> concerns</c> address developers financing concerns address developers financing
• </c><01:22:13.199><c> and</c> mitigation plan is already financed and mitigation plan is already financed
• </c><01:26:37.120><c> due</c> department of budget and finance due department of budget and finance due

Committee: Senate Commerce and Consumer Protection

Keywords: 912, senate, all

Summary: The joint Senate committees heard HB 108 HD2, which would allow direct shipment of beer and distilled spirits by certain licensees and require liquor commissions to adopt rules. Most testimony came from craft brewers and distillers in support, who said the bill would help small and fragile producers reach customers, move limited or specialty products that wholesalers do not carry, and maintain relationships with visitors after they leave Hawaii. Supporters also argued that direct-to-consumer shipping would not meaningfully increase underage access because common carriers age-gate deliveries and require adult signatures, and that the measure would supplement rather than replace the three-tier system. Opposition came from the Hawaii Food Industry Association and the Hawaii Liquor Wholesalers Association, which said the bill could create problems with minor access and tax revenue and would allow out-of-state manufacturers to ship directly to Hawaii households. Supporters responded that similar concerns were raised when wine direct shipping was adopted and said the existing shipping and reporting systems can track and tax these sales. Several witnesses, including Maui Brewing, Ola Brew, Koloa Rum, Hana Rum, Koulana Rumworks, Koval Distillery, and the Brewers Association, described their small-batch operations, limited distribution options, and the potential for direct shipping to expand sales and jobs. Committee members questioned witnesses about underage access, tax collection, and the impact on the three-tier system. One witness discussed efforts to protect and potentially scale the Hawaiian spirit Okolehao through geographic and sourcing rules. The transcript does not show a final vote or disposition on HB 108 HD2 in the excerpt provided.

Transcript Highlights:

• SB 1180, DOR income tax informities, Finance.
• SB 1206, storm-related insurance claims, Finance.
• SB 1165, insurance cost of hearing breast exams, Finance.
• SB 1191, Medicare supplement insurance, ALS ERD, Finance.
• SB 2027, prior authorized gold card exemption, Finance.

Keywords: 1182, all

Transcript Highlights:

• but this would just add renewable energy to that.
• would just add renewable energy to that.
• That is referred to finance. Thank you. Without rec? Any names?
• In the State Finance Law section? Yeah.
• And this bill will be referred to finance.

Committee: Senate Environmental Conservation

Keywords: 993, senate, all

Summary: The Environmental Conservation Committee, chaired by Senator Pete Harckham, met with a quorum and took up a 19-bill agenda, largely consisting of repassed environmental measures. Bills discussed included standards for ambient lead in soil, restrictions on false recyclability claims and plastic labeling, environmental restoration projects, commercial fishing and marine licenses, bans on unencapsulated foam flotation on docks and floating structures, indirect source review for warehouse operations, nuisance wildlife operator disclosure requirements, waterfront revitalization for Doodle Town Brook, a ban on fuel oil grade No. 4, renewable energy development rights on reforestation areas, fee exemptions for veterans and active-duty service members, a ban on mercury-added lamps, designation of water development representatives, bans on cleaning products containing triclosan or triclocarban, a composting symbol, bans on paper receipts for certain purchases, climate corporate data accountability, PFAS product restrictions, and prohibitions on tampering with emissions control devices. Members raised several policy concerns during the meeting. Senator Palumbo questioned the PFAS bill’s inclusion of cookware and suggested an incremental approach, while the sponsor defended keeping cookware in the bill because heating PFAS can increase exposure through food and inhalation. On the renewable energy/reforestation bill, Senator Stec noted implementation concerns about allowing solar development in reforestation areas, and Senator May responded that the bill is intended mainly to facilitate transmission lines across state forest lands. There were also questions about the climate corporate data accountability bill’s scope, including revenue thresholds, overlap with existing DEC greenhouse gas regulations, and the source of fee revenue, with staff explaining it would apply to large companies doing business in New York and use registration fees to cover program costs. Most bills were advanced either to the calendar or to finance. Bills including the lead standards, marine license changes, foam flotation ban, mercury lamp ban, water development representatives, composting symbol, and emissions tampering restrictions were advanced to the calendar. Several measures, including the recyclability labeling bill, environmental restoration projects, warehouse indirect source review, veterans’ fee exemption, and climate corporate data accountability bill, were referred to finance. The paper receipt bill was advanced to commerce, and the committee concluded after voting to move the final bills, including the PFAS restrictions and emissions tampering measure, with technical date fixes noted for the climate accountability and PFAS bills.

Transcript Highlights:

• I call the meeting of the Committee on Energy Finance and Policy to order.
• and affordable energy.
• and affordable energy.
• and affordable energy.
• and affordable energy.

Committee: House Energy Finance and Policy

Keywords: 1183, house

Transcript Highlights:

• </c><00:06:21.120><c> fund</c> renewable energy fund renewable energy fund and<00:06:23.280><c> the</
• <c> has</c><00:06:25.120><c> been</c> and the renewable energy fund has been and the renewable energy
• </c> the cost of energy to consumers. the cost of energy to consumers.
• </c> energy credits.
• Anyone who's an energy energy credits.

Keywords: 928, house, all

Summary: The committee first took up House Bill 219, which would revise the renewable portfolio standard. Representative Bose explained that the bill would modify class one definitions, eliminate class two, reduce the utility obligation for class one thermal renewable energy certificates from 2.2% to 1.7%, and adjust alternative compliance payments for classes one, three, and four. He said the changes were intended to save ratepayers an estimated $5.7 million annually, would not materially harm the renewable portfolio standard, and would have little effect on class two because that market is already saturated. Members questioned the impact on consumers, the state budget, and the renewable energy fund; Bose said the fund had already been redirected in the state budget, and another member noted an amended fiscal note showing a $1.2 million reduction in general fund revenue. The committee also discussed the bill’s history, including that it had been added to HB 2 and later removed by the Senate, and Bose said the Senate’s eventual action was hard to predict. The committee then heard House Bill 164 on local records retention from Secretary of State David Scanlan. He said the long-standing local records manager position had never been funded, but that the need for it had grown as towns increasingly digitize records and must ensure accessibility, including ADA compliance. He described the bill as a way to provide state support and expertise to municipalities, especially smaller towns with limited resources, and said the fiscal note for hiring the position remained accurate, though broader website and storage costs could rise over time. Members asked about retrieving lost records, the cost of a public website, and whether records should remain local or be stored at the state level; Scanlan said the state would serve as a resource rather than take control of local records. Finally, the committee began work on House Bill 365, also with Secretary Scanlan, concerning proof of U.S. citizenship for indigent voters. He said the bill would help voters who may lack required documents under the new voter registration law by allowing the state to verify qualifications through federal, private, or other state databases and by providing vouchers to cover the cost of obtaining documents such as birth certificates. He compared the proposal to earlier voter ID accommodations and said the goal was to help qualified voters meet the new requirements without weakening them. Members raised questions about defining “indigent,” how out-of-state birth records would be handled, and the practicality of the verification process; Scanlan said the term would likely need further discussion and that the state would try to assist voters before election day whenever possible.

Transcript Highlights:

• Wherever their energy needs may be.
• You don't want to talk about energy costs and the taxes we saddle on the cost of energy because of the
• You don't want to talk about energy costs and the taxes we saddle on the cost of energy because of the
• FINANCE.
• in the energy sector.

Keywords: 993, senate, all

Summary: The Senate opened with the Pledge of Allegiance and an invocation, then approved the prior day’s Journal and moved into motions, resolutions, and budget-related business. Senator Gianaris called up Senate Print 5898A for reconsideration; the Senate voted 59 ayes to restore the bill to the third reading calendar. Several amendments were also received on third-reading bills, and the Finance Committee was called into session while the chamber proceeded with resolutions. The Senate adopted Resolution J.2106 recognizing Second Chance Month and the mental health impacts of incarceration, with Senator Brisport speaking in support and a guest from the community recognized in the chamber. The body also adopted Resolution J.1492 designating May 27, 2026, as Taiwan Heritage Day, with remarks from Senators Sepúlveda, Stavisky, and Liu highlighting Taiwanese contributions to New York and expressing support for Taiwan amid current geopolitical tensions. The Finance Committee then reported several budget bills, including Senate Prints 9003D, 9004D, 9007C, and 9009C, which were moved to third reading. The remainder of the session focused on the supplemental and controversial budget calendars, especially tax and spending provisions. Senators debated the “Protecting Our Wallets” energy rebate, with supporters describing it as a one-time check for eligible taxpayers and critics arguing it was too small and not tied directly to utility bills; the chamber accepted the message of necessity and laid the bills aside. Members also debated extensions and changes to tax provisions affecting corporations, alternative fuel exemptions, Broadway and theatrical production tax credits, charitable deductions for certain 501(c)(3)s, nicotine pouch taxes, a new New York City pied-à-terre tax, and a standardbred horse-racing testing fee. Several senators criticized the budget as raising costs or favoring certain industries, while supporters defended the measures as revenue-raising, affordability, or public-health policies. No final votes on the controversial budget bills are shown in the excerpt beyond procedural rulings, adoption of the resolution calendar, and acceptance of committee reports.

Transcript Highlights:

• From the Senate: Senate Bill 1416, by Finance Committee, an act relating to the appropriation to the
• Office of Species, Minerals, and Energy Coordination, appropriating monies to the Office of Species,
• From the Senate: Senate Bill 1416, by Finance Committee, an act relating to the appropriation to the
• , Minerals, and Energy Coordination, appropriating monies to the Office of Species, Minerals, and Energy
• It protects Idaho's authority over campaign finance, security, and transparency.

Keywords: 989, all

Transcript Highlights:

• Hi, Henry Ng, Department of Finance.
• And Department of Finance, any? Chris Hill, Department of Finance: We have no comments either.
• Do we have comments from the Department of Finance? Chris Hill, Finance: Again, no comments. LAO?
• Chris Hill, Finance.
• Do we have any comments from the Department of Finance? David Tahn with the Department of Finance.

Summary: The subcommittee first heard an informational overview from the Governor’s Office of Service and Community Engagement (GoServe), including California Volunteers, the Office of Community Partnerships and Strategic Communications, and the Youth Empowerment Commission. GoServe reported strong participation in programs such as California Service Corps, College Corps, Youth Service Corps, Climate Action Corps, and the new men’s service challenge. Testimony emphasized enrollment, retention, and completion outcomes, outreach results, and efforts to reduce administrative costs. The Department of Finance said the administration supports the programs but has already made reductions to help address the budget deficit, while the LAO said it had no new recommendations on the informational item. Committee members raised questions about program scale, demographics, and effectiveness, especially for Climate Action Corps and whether the programs are duplicative of existing volunteer opportunities. One member criticized the programs as too fragmented and costly, while others asked for more data on who is being served and whether the programs increase actual participation in state services. GoServe said it would follow up with demographic and regional impact information. The committee also discussed the men’s service challenge, which GoServe said has formed partnerships with organizations such as YMCAs and Big Brothers Big Sisters and has already attracted more than 2,000 participants. The item was informational only. The committee then heard a BOE overview and a budget request to implement SB 293, which gives wildfire-affected families additional time to claim intergenerational Prop. 13 property tax transfers. BOE requested $154,000 for guidance, public materials, and inquiry response, explaining that the work is urgent and tied to disaster relief in Los Angeles County, especially Altadena. The LAO had no concerns, and Finance had no comment. Members asked how many cases might be affected and whether more funding would be needed later; BOE said the full number is not yet known and that future requests are possible. The committee also heard BOE’s IT modernization proposal for the state-assessed property tax system, a 30-year-old mainframe replacement costing $3.2 million in 2026-27 and $3.1 million in 2027-28. BOE and Finance supported the project as necessary, while the LAO said it had no concerns but urged a high bar for new IT spending. Members generally supported modernization but cautioned about implementation risk. Finally, CDTFA presented an overview and two policy proposals. The department described administering 42 tax and fee programs, collecting $98 billion in FY 2024, and improving administrative efficiency. Members then discussed local sales tax tools and revenue-sharing agreements, with concerns raised about transparency, consultant-driven tax allocation disputes, and the impact on local communities. CDTFA and the LAO explained that local jurisdictions control how district sales tax revenues are spent and noted the Legislature could revisit the statutory cap on local add-on sales taxes. The committee then heard CDTFA’s proposal to treat all delivery network companies as marketplace facilitators so they must collect and remit sales tax on delivery-app orders. CDTFA said the change would resolve confusion, shift compliance from thousands of small restaurants to a few large platforms, and raise about $44 million annually. Several members questioned whether the proposal would effectively raise consumer costs and whether it would create a competitive advantage or disadvantage among delivery platforms. The item remained under discussion, with no vote taken in the transcript.

Transcript Highlights:

• My career has focused primarily on infrastructure finance.
• , within the limitations on what can be done with that financing.
• The speaker said she wanted to make sure that transmission meant the energy delivery piece.
• What's, I know they're not looking for financing.
• We're really assigned with the financing of the transmission line. Got it. Thank you. Thank you.

Committee: Senate Rules

Summary: The Senate Rules Committee met to consider several governor’s appointments and procedural items. The committee approved, largely on unanimous or near-unanimous votes, the appointments of Gina Castro Rodriguez to the Board of State and Community Corrections, Richard Stein to the California Arts Council, and Nicholas Hardiman to the California Housing Finance Agency Board of Directors. It also approved references to bills, committee appointments, subcommittee ratifications, joint committee appointments, and floor acknowledgments. A motion to grant rule waivers for Senators Perez and Padilla to introduce additional measures under SR 22.5 drew opposition from Senator Grove and ultimately passed on a 3-2 vote in the final tally. The committee then heard testimony on the appointment of Andy Nakahata as executive director of the California Infrastructure and Economic Development Bank (IBank). Nakahata described his background in finance and infrastructure lending and said he would focus on expanding access to IBank programs statewide, especially in underserved and rural areas. Members questioned him about outreach equity, county-by-county loan activity, creditworthiness standards, the California Transmission Accelerator, and financing for public hospitals and other infrastructure projects. He said IBank works through financial development corporations, municipal advisors, and other partners, monitors geographic reach, and can work with applicants to adjust loan size or identify additional funding sources when projects are not fully creditworthy. Public witnesses spoke in support of Nakahata, including representatives from Siebert William Shank and O’Melveny/other public finance firms, who praised his expertise and leadership. No opposition testimony was offered. The committee voted 5-0 to move Nakahata’s appointment to the full Senate for confirmation. After completing a final roll call on the earlier agenda items, the committee adjourned its public session and announced it would move into executive session.

Transcript Highlights:

• And I want to thank the finance chair, finance vice chair, and all the members of the finance committee
• Subject to the call of the chair. finance chair, finance vice chair, and finance chair, finance vice
• energy goals.
• Another setback for energy equity, our economy, grid reliability, and our energy goals.
• Another setback for energy equity, our economy, grid reliability, and our energy goals.

Keywords: 910, house, all

Transcript Highlights:

• The cost has not been associated with the production of energy. It's been everything else. Energy.
• ><c> has</c><00:47:19.520><c> stated</c> nuclear energy institute has stated nuclear energy institute
• </c> the Retail Energy Supply Association. the Retail Energy Supply Association.
• </c> lot of like you say computation, energy. lot of like you say computation, energy.
• </c> energy markets that the wholesale energy energy markets that the wholesale energy market<02:40:57.680

Committee: House Science, Technology and Energy

Keywords: 1189, house, all

Transcript Highlights:

• Department of Energy State Energy Program.
• In particular, our energy conservation and management divisions are In particular, our energy conservation
• I work in the Legislative Finance Committee.
• It just kind of tells you where the finances are.
• Finances, I guess, are rewarding in and of themselves, but doing finance to support your community when

Committee: Senate Senate Finance

Keywords: 996, all

Transcript Highlights:

• That is my question for the chairman of the finance committee.
• Madam President, your Finance Committee, to whom has been referred House Appropriations and Finance Committee
• House Energy, Environment...
• House Energy, Environment. order of business.
• the Finance Committee.

Summary: The Senate convened with a quorum, prayers and pledges, and several procedural announcements, including permission for cameras, a relaxed dress code for guests, and excusing a few senators. Members also recognized numerous guests and honorary lieutenant governors, and discussed a planned bolo tie contest tied to New Mexico tradition and state history. The chamber then moved to business, including the confirmation of Anna Silva as Secretary of the General Services Department. The confirmation drew broad support from senators on both sides, who praised Silva’s long career in state government, her management experience, and her work on major projects such as the executive office building, procurement reforms, and facilities management. After debate, the Senate voted unanimously to confirm her appointment. Silva’s family and guests were recognized from the floor after the vote. The Senate then took up House Bill 2 and 3, the state budget. Senator Muñoz presented the Senate Finance version as a balanced budget with about $11.1 billion in spending, 27% reserves, recurring investments in health care, early childhood, public safety, education, roads, housing, and economic development, and targeted nonrecurring spending for items such as water, universities, and innovation sectors. Supporters emphasized affordability, teacher health insurance parity, medical residency funding, rural and community investments, and public safety funding. Critics raised concerns about the size of the budget, the late availability and complexity of the bill, the removal of a proposed 1% pay raise for state employees, and whether spending priorities and education dollars were being allocated effectively. No final vote on the budget was shown in the transcript excerpt.