Video & Transcript Research : 'Boot Capital'
Page 99 of 408
MN
Minnesota 2025-2026 Regular Session
State official protective services 3/2/26
Minnesota House Floor Meeting
Transcript Highlights:
- <00:10:24.960>
security, the capital security, the capital security, and<00:10:26.200> - Would be handled by capital<00:31:58.040>
police <00:31:58.320>like <00:31:58.680>capital - <00:31:59.520>
um capital police like capital um capital police like capital um uh<00:32:00.360 - ,<00:42:48.280>
for the the needs go beyond the capital, for the the needs go beyond the capital - <00:47:46.880>
security member's home than our capital security member's home than our capital
Summary:
House File 3791 was laid over for possible inclusion later, with Rep. Green and Rep. Noor presenting it as a response to rising threats against Minnesota elected officials and public officers. They cited increased threat reports, the June 2025 killings of Speaker Emeritus Melissa Hortman and her husband, the shootings of Sen. John Hoffman and his wife, and other recent threats as evidence that current protective resources are insufficient. The bill would create a state officials protective services unit within the State Patrol, provide security and threat-assessment services for principal state officials, and require reporting on credible threats. Rep. Noor said the proposal would be triggered by leadership when there is a credible threat, would include legislators and constitutional officers, and would be funded at about $3.98 million in FY 2027 with an ongoing base of $3.25 million, with some ability to contract with local law enforcement for support in official-capacity situations.
Members raised concerns about scope, jurisdiction, and cost. Rep. Olsen argued the bill was not narrow enough and worried it could allow Capitol Security to provide home or event security too broadly, rather than limiting the work to the Capitol and catastrophic incidents. Rep. Joy offered an A1 amendment to use existing funds instead of adding new spending, saying local sheriffs and police already handle many situations. That amendment failed on a voice vote. Rep. Olson then moved an A2 amendment focused on clarifying who should be in charge of protection at home and how local law enforcement would be involved; discussion centered on whether Capitol Security, State Patrol, or local agencies should lead response and how credible threats would be determined.
Supporters of the bill, including Rep. Green and Rep. Muir, said the events of June 14 showed the need for a dedicated, coordinated protective service and that local responses were uneven across jurisdictions. Rep. Muir described delayed or inconsistent police responses after the attacks and said lawmakers need a more reliable system to keep members and their families safe. Rep. Keagle also testified about personal threats and harassment at home, including a prank pizza delivery that made her fear someone knew when she was home. The committee did not take final action on the bill beyond laying it over, and the A1 amendment failed; discussion on the A2 amendment and the bill’s details continued.
NH
New Hampshire 2025 Regular Session
House Public Works and Highways (03/14/2025)
Transcript Highlights:
- <00:13:15.560>
budget has provided through the capital budget has provided through the capital - proposed in the governor's capital proposed in the governor's capital budget<00:40:35.160>
if - 21387 which is a 2021 capital 21387 which is a 2021 capital appropriation<00:49:58.160>
you Corrections are from the 2017 capital Corrections are from the 2017 capital budget<00:50:35.920> - been appropriated in a previous capital been appropriated in a previous capital budget<01:02:15.559
Summary:
The subcommittee met to review the lapse extensions in the back of House Bill 25, which governs capital budget appropriations and bonding. Members were walked through how the bill is structured: section 1 covers general, federal, and other funds; section 2 covers highway fund appropriations; later sections authorize borrowing, restrict spending to the stated purposes, and explain why community colleges and the university system operate through their boards of trustees. The chair also explained that lapse extensions are needed because capital projects can span multiple years, and that appropriations normally expire at the end of the biennium unless extended.
A substantial portion of the discussion focused on how to identify unspent balances and whether they should be extended, repurposed, or allowed to lapse. Members discussed that if a project is complete or an agency confirms it no longer needs the money, the remaining balance can be reused for another project or, if not needed, lapse back. The committee also reviewed the meaning of bill references and chapter numbers, and how to read prior-year appropriations and extensions in the worksheet. One example discussed was a 2023 Department of Administrative Services courthouse generators item, and members noted that some agencies may rely on encumbered balances rather than explicit lapse extensions, though the chair said he prefers including the extension for flexibility.
The committee identified at least one specific change: the Jeffrey Ringe CTE renovation was removed from the governor’s recommended budget because the required local match was not approved, freeing about $18.5 million for possible reuse. Later, the chair noted that lapse extension 49 on the worksheet was no longer needed and could be removed, leaving an unspent balance of $81,500 available for repurposing. The discussion also referenced a Department of Transportation item, Caroline Stratford Freight Rail Improvements, which the agency asked to keep alive through a lapse extension so the funds would not expire on June 30. No formal votes were taken in the portion provided.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Community Development and Small Businesses Jun 21st, 2026 at 10:00 am
Joint Committee on Community Development and Small Businesses
Transcript Highlights:
- By requiring agencies to report who gets capital, where it goes, and in what amounts, this legislation
- It's just more of a logistical thing that would make a difference for people to access capital.
- It's just more of a logistical thing that would make a difference for people to access capital.
- The lack of opportunities for accessible capital The lack of opportunities for accessible capital are
- Since COVID to now, how many AAPI-owned businesses have closed because of the lack of capital?
Summary:
The Joint Committee on Community Development and Small Business held its second hearing of the session, with Chairs Gómez and Vargas opening by emphasizing the committee’s focus on equity, small business growth, and support for communities that have historically been overlooked. Several members noted the historic nature of having two Latino chairs. The hearing covered a package of bills centered on access to capital, transparency in state assistance, commercial tenant protections, downtown revitalization, and business improvement district administration.
Testimony was largely supportive of bills aimed at helping micro-businesses, small businesses, and disadvantaged entrepreneurs. Beckma, the Asian Business Empowerment Council, a minority- and woman-owned business owner, and a worker-owned Springfield business all backed measures including S. 179 and H. 312/S. 184, which would prioritize capital assistance and require reporting on where state business aid goes. Witnesses said transparency, upfront payments on state contracts, and better data collection could help businesses that struggle with delayed reimbursements, limited reserves, and difficulty accessing traditional financing. The Metropolitan Area Planning Council supported S. 173, which would dedicate a portion of sales tax revenue to a downtown vitality fund for district management, cultural districts, and downtown infrastructure, and said the bill could help sustain downtowns and prevent cultural displacement.
There was also testimony on H. 306, a commercial tenant first right of refusal bill, with Beckma supporting it as a way to help small tenants stay in their locations, while the Greater Boston Real Estate Board opposed it, arguing it would add cost, delay, uncertainty, and could reduce property values and the commercial tax base. The board supported H. 305, a housing bill that would expand by-right multifamily and open-space residential development while preserving local zoning protections. Andre Leroux of MassINC also supported S. 173 and H. 299, the latter proposing longer BID renewal periods and audit requirements aligned with nonprofit standards. No votes were taken; the hearing concluded after public testimony and questions, with the chair closing testimony.
MN
Transcript Highlights:
- > investment Welcome to the capital investment Welcome to the capital investment committee.<00:41
- So, turning to the governor's capital So, turning to the governor's capital investment<00:56:29.280
- chance to go see uh the capital chance to go see uh the capital improvements<01:03:32.720>
at - <01:05:11.039>
improvement estimate of total capital improvement estimate of total capital - <01:58:54.639>
investment invite you all the capital investment invite you all the capital
VT
Vermont 2025-2026 Regular Session
Senate Session - 2026-05-06 - 11:00AM
Vermont Senate Floor Meeting
Transcript Highlights:
- which is capital borrowing GO bonding. which is capital borrowing GO bonding.
- capital budget for a similar project. capital budget for a similar project.
- for the biennial capital for the biennial capital capital<00:32:52.440>
budget. - This increase of capital budget.
- reversions of older capital bill funds. reversions of older capital bill funds.
MN
Minnesota 2025-2026 Regular Session
House Workforce, Labor, and Economic Development Finance and Policy Committee 3/3/26
Workforce, Labor, and Economic Development Finance and Policy
Transcript Highlights:
- missiondriven capital partners come in. missiondriven capital partners come in.
- >
viable Fortish Capital ensures that viable Fortish Capital ensures that viable Minnesota<00: - the ecosystem of responsible capital the ecosystem of responsible capital available<00:02:59.680
- access capital, jobs are not created. access capital, jobs are not created.
- So<00:09:04.880>
Fortis <00:09:05.440>capital So Fortis capital So Fortis capital is<00
Keywords:
unemployment insurance, judicial officials, paid leave, economic development, worker protections, workforce development, unemployment benefits, youth training, grants, job creation, grant funding, revolving loan, underserved communities, disadvantaged groups, electrical licensing, installation, Class A installer, regulations, labor and industry, 1183
Summary:
The committee first adopted the minutes from February 26 and then heard House File 2581, authored by Representative Frazier, which sought $1 million for Fortis Capital, a nonprofit economic development lender. Frazier and Fortis CEO Brian Smith described Fortis as a gap-financing lender that helps underserved entrepreneurs who cannot meet traditional bank underwriting standards. They said the organization has made 37 loans totaling more than $4 million since 2021, leveraged another $29.5 million, and created 314 jobs. Smith said Fortis typically charges around 6.5% interest, has had two defaults, and uses a revolving loan fund model that recycles repayments; members discussed how the proposal fits with other state economic development programs and whether Fortis should instead be part of a competitive grant process. The chair laid HF 2581 over for possible inclusion in a budget bill.
The committee then heard House File 3707, brought by Representative Berg, which would extend confidentiality protections to unemployment insurance and paid leave judges and related staff by adding them to the definition of judges for purposes of protecting personal information. Berg and testifiers from the Department of Economic Development and MAPE said the bill responds to harassment and safety concerns, including threats, doxxing, and an attack near an office, and is intended to protect people making sensitive determinations. MAPE supported the bill as an update to existing protections for similar workers.
Members raised concerns that the bill’s language was too broad, especially the reference to the paid leave division, and questioned whether it should cover only judges or also call-center and other staff. Department and committee members agreed the language likely needed narrowing and discussed possible amendments and whether to move the bill to Judiciary and then revisit it. No final vote was taken on HF 3707 during the discussion, and the bill remained under consideration for further language work.
MN
Minnesota 2025-2026 Regular Session
House Housing Finance and Policy Committee 3/25/26
Housing Finance and Policy
Transcript Highlights:
- <00:02:48.080>
service housing through a capitalized service housing through a capitalized - It's a one-time upfront infusion of capital that sits within the building's capital stack and is a current
- This is capitalized service reserves.
- 36.320>
capital <00:05:36.880>stack <00:05:37.520>and within the building's capital - via its capital sources to provide that. via its capital sources to provide that.
Keywords:
affordable housing, housing finance, Minnesota Housing Finance Agency, MHFA, low-income housing tax credit, LIHTC, Section 42, compliance period, housing stability, rental housing, affordable rental housing, homelessness, housing insecurity, housing supply, preservation, recapitalization, distressed properties, regulatory relief, local affordable housing aid, Interagency Council to End Homelessness
MN
Minnesota 2025-2026 Regular Session
House Capital Investment Committee considers HF2418 4/30/25
Transcript Highlights:
- maintenance programs in place capital maintenance programs in place for, uh, when, uh, bonding money
- uh come through bonding committees through capital investment.
- information and allowing for the capital information and allowing for the capital investment<00:
- especially at sub paragraph 2 capital especially at sub paragraph 2 capital project<00:08:46.640
- So, 16A.86 is capital project grants to political subdivisions.
Summary:
The committee heard House File 2418 from Representative Tabke, a policy bill focused on requiring local governments seeking state bonding support to show whether they have a capital maintenance or preservation plan for the project. The bill was described as a continuation of work with Chair Lee and others to ensure that when the state invests in local capital projects, the local jurisdiction has a plan to maintain the asset over time rather than returning later for additional state funding. Representative Tabke emphasized that the proposal is not intended to block projects, but to provide information to the capital investment process and encourage responsible long-term planning.
Members asked several questions about how the requirement would work in practice, including whether a “no” answer on the maintenance-plan checkbox would disqualify projects, how the rule would apply to small communities, and whether major infrastructure such as wastewater or sewer projects would be exempt. Tabke clarified that the intent is informational and that projects without a maintenance plan should raise concerns, but that the proposal would not apply to major utility projects with separate funding mechanisms. He also explained that the earlier draft had been simplified after input from MMB, and that the adopted DE4 amendment adds the requirement through section 16A.86 for political subdivisions submitting bonding requests.
Chair Lee and other members supported the concept as a way to ensure state-funded assets are maintained locally and not repeatedly returned to the state for repairs decades later. One member requested clarifying language to make sure the bill does not apply to water treatment or sewer projects, and Tabke agreed that such language could be added. Tabke said the language had been developed with stakeholders including the League of Minnesota Cities, Coalition of Greater Minnesota Cities, and small cities, and that they had agreed on the approach. The committee adopted the DE4 amendment and then laid House File 2418 over for possible future consideration.
FL
Florida 2025 Regular Session
February 5, 2025 - 09:00 AM
Transcript Highlights:
- Capital and O&M do go into what's called base rates, which can't have a capital, a profit component in
- These have very low capital costs, but high fuel costs.
- They're medium capital cost units, medium to high fuel costs.
- They have very high capital costs, very low fuel costs.
- They have very high capital costs, very low fuel costs.
Summary:
The committee heard introductory remarks from Chair LaMarca and members, then received presentations on electric utility planning, transportation infrastructure, and broadband deployment. Public Service Commission staff explained how Florida’s utilities plan for reliability and cost through 10-year site plans, demand forecasting, and economic dispatch. The presentation emphasized Florida’s residential-heavy load, growing EV demand, expanding solar and battery storage, continued reliance on natural gas combined-cycle plants, and the role of nuclear power. Members asked about energy efficiency, rates, renewable options beyond solar, cybersecurity, grid resilience, data centers, and small modular nuclear reactors; the witness said efficiency programs are reviewed every five years, utilities must balance reliability and affordability, and large new loads like data centers generally must pay for their own infrastructure needs.
Department of Transportation Secretary Jared Perdue described FDOT’s five-year work program, decentralized district structure, and funding mix, noting that the agency is predominantly state-funded and prioritizes maintenance and preservation before expansion. He highlighted record investment levels, major congestion-relief projects, toll-road revenues, seaport and airport partnerships, spaceport investments, workforce and equipment needs, and emerging technology such as advanced air mobility. Members asked about project timing, MPO planning, rail and ferry funding, airport governance, winter storm preparedness, and flooding/sea-level rise; Perdue said faster delivery depends on resources, local governments lead transit operations with FDOT as a capital partner, and coastal and drainage projects are designed around storm surge and resiliency.
The Office of Broadband reported on six grant programs supporting infrastructure, community facilities, digital connectivity, and future digital capacity and broadband expansion. Director Leo Garcia said the office has awarded hundreds of millions of dollars across most counties, leveraged significant private investment, and focused heavily on rural areas. He noted that broadband efforts are intended to support telehealth, education, workforce development, and economic growth, and said the state has reduced the number of unserved locations from more than 400,000 to a projected 170,000 after current awards are completed. He also said the office needs additional budget authority for the upcoming digital capacity program and that the larger federal/state broadband deployment program will be used to reach remaining unserved and underserved areas.
KY
Kentucky 2025 Regular Session
Capital Planning Advisory Board (5-21-25)
Transcript Highlights:
- Many hours are spent capital plans.
- That is capital planning reports.
- <00:03:27.680>
And capital planning advisory board. And capital planning advisory board. - <00:03:40.319>
plan the first round of capital plan the first round of capital plan overviews - Uh, new state capital complex.
Summary:
The Capital Planning Advisory Board met for its first meeting of the year, confirmed a quorum, approved the prior year’s minutes, and welcomed new co-chairs and members. The board reviewed the capital planning timeline and a list of agencies that submitted plans but would not testify. Members were reminded to keep presentations brief because of a packed agenda.
The Cabinet for Health and Family Services presented first, outlining priorities centered on public safety, infrastructure preservation, and preventive maintenance. Its requests included a $21 million maintenance pool, phase two funding for a new state public health laboratory, construction of an 18-bed children’s psychiatric hospital, and several projects at Western State Hospital and Western State Nursing Facility, including HVAC work, cooling tower repair or replacement, and chiller plant repiping. Additional projects covered elevator upgrades at Hazlewood and phased cottage renovations at Oakwood. Board members asked about vacant buildings, the cost per bed for the youth psychiatric facility, and the relationship between the CHFS youth facility and a separate DJJ facility; CHFS said the youth facility would serve DCBS-involved youth and be separate from the DJJ project.
The Kentucky Department of Education then described its state-operated facilities, including the Kentucky School for the Deaf, the Kentucky School for the Blind, and the FFA leadership training center. Its priorities included additional funding for the FFA classroom and activity building, a rewrite of the SEEK education finance application system, renovation and repair of the FFA swimming pool, electrical upgrades, campus education enhancements, safety and security work, door and window replacements, and HVAC maintenance. Members asked about student outcomes, the size and cost of the swimming pool project, and construction cost assumptions; KDE said it tracks student outcomes through special education staff and that current estimates reflect higher post-COVID construction costs.
The Education and Labor Cabinet began its presentation with 12 priority projects, including a state labor exchange system, renovation of the McDow Vocational Rehabilitation Center, and a new adult education and family literacy management information system. The cabinet said the labor exchange would connect job seekers and employers at no cost, while the McDow renovation was needed because the 30-year-old facility faces safety and code concerns. The cabinet planned to continue through the remaining priorities and answer questions at the end of its presentation.
NM
New Mexico 2025 Regular Session
IC - Public School Capital Outlay Oversight Task Sep 9th, 2025
Public School Capital Outlay Oversight Task Force
Transcript Highlights:
- You're all familiar with these standards-based capital outlay programs.
- Now, let's transition to capital funding on page 8.
- Now, let's talk about the Public School Capital Outlay Council.
- Lastly, I'll make a note on capital awards.
- One is for capital awards.
AL
Transcript Highlights:
- <00:08:25.120>
offenses <00:08:25.599>when and sexual torture capital offenses when - and sexual torture capital offenses when the<00:08:26.000>
victim <00:08:26.240>is <00: - Then there's a punishment phase in any, you know, capital case that at that point to determine what's
- No different than any capital offense now.
- <00:13:05.360>
case, the death penalty in a capital case, the death penalty in a capital case
Bills:
HB41, HB149, SB230, SB87, SB169, SB238, SB233, HB72, HB41, HB149, SB230, SB87, SB169, SB238, SB233, HB72
Keywords:
sexual offenses, penalties, rape, sodomy, criminal justice, Judicial Branch, Alabama State Bar, legal profession, commissioners, government agency, campaign finance, security measures, candidates, elected officials, legislative protection, civil procedure, statute of limitations, real estate appraisers, legal complaints, appraisal board
MO
Missouri 2026 Regular Session
Joint Committee on Administrative Rules Jan 20th, 2026 at 02:00 pm
Joint Committee on Administrative Rules
Transcript Highlights:
- Until you get a capital expenditure on the books and reported, you have to come back to the committee
- And so the goal of this is not to redefine what a capital expenditure is.
- expense that they deem a capital expenditure and then never actually work on the project.”
- They have to get extensions until they break ground or until they incur a capital expenditure.
- So what you're saying is no longer is a capital expenditure enough.
KY
Kentucky 2026 Regular Session
Senate Legislative Session Day 49 (3-18-26)
Kentucky Senate Floor Meeting
Transcript Highlights:
- <00:22:25.480>
Projects million report to the Capital Projects million report to the Capital - We authorize capital projects totaling $20 million.
- >
totaling <00:29:12.400>$420 authorize capital projects totaling $420 authorize capital - Seam Initiative and authorized capital Seam Initiative and authorized capital projects<00:34:33.720
- <00:44:24.160>
projects Council, we authorized capital projects Council, we authorized capital
MN
Transcript Highlights:
- <00:35:48.240>
budget second uh 2025 governor's capital budget second uh 2025 governor's capital - <00:49:18.480>
investment a 97 million total capital investment a 97 million total capital - >
include Um, capital improvements may include Um, capital improvements may include highway<00 - You're asking for $2 capital complex.
- <01:10:49.120>
budget committee, since the last capital budget committee, since the last capital
Summary:
The committee first approved the March 5 minutes, then heard a presentation from Balig Engineering on cost drivers for drinking water and wastewater infrastructure in small Minnesota communities. The testifier said most Minnesota communities are small, and that limited local staff, complex funding requirements, and the need to combine multiple funding sources make projects expensive and labor-intensive. He cited examples of aging infrastructure, including a Tracy street collapse and failing water mains, and said federal funding can help but often requires extensive reports that can cost tens of thousands of dollars and hundreds of staff hours. He also pointed to inflation, supply-chain disruptions, colder climate requirements, higher material and labor costs, limited competition among contractors and suppliers, and newer treatment requirements such as PFAS removal and cybersecurity controls as major cost drivers.
Members asked whether reduced bonding or less frequent state funding would lower prices, whether annual bonding bills provide market certainty, how regionalization could be encouraged, and whether tightening specifications adds costs. The testifier said stopping work would likely drive contractors out of the market and reduce competition, which could raise prices later, and that consistent funding helps keep contractors in Minnesota. He said regional water systems such as Red Rock Rural Water and Lincoln Pipestone Rural Water are already helping lower costs and that legislators could encourage more regionalization through incentives. He also said some specifications and federal requirements, especially around treatment plant controls and cybersecurity, increase costs, though some standards like deeper water-main burial are necessary. The committee then moved on to the Minnesota Department of Veterans Affairs, where John Kelly began presenting the governor’s 2026 capital budget recommendations and described the department’s mission, statewide network of veterans homes and cemeteries, and service to nearly 300,000 veterans and dependents.
NM
New Mexico 2026 Regular Session
House - Taxation and Revenue Feb 4th, 2026 at 08:32 am
House Taxation & Revenue
Transcript Highlights:
- Startups will invest large amounts of capital.
- In some ways, it depends on how capital intensive that project is.
- That's gonna be close to a billion dollar capital expenditure.
- If you go to Silicon Valley, you have access to the capital. We don't have that here.
- They can't commercialize without that capital.
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Apr 23rd, 2026
Banking and Finance
Transcript Highlights:
- AB 2116 does not eliminate access to capital. It does not ban merchant cash advances.
- This bill does not restrict capital.
- It ensures that access to capital is fair, transparent, and responsible.
- Core bank funding includes capital and deposits. $1 million in capital can be leveraged to support up
- Section 6276B7 appears to use the capital of the FAIR Plan and the earthquake authority to capitalize
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.
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Apr 23rd, 2026
Transcript Highlights:
- This bill does not restrict capital.
- It ensures that access to capital is fair, transparent, and responsible.
- Core bank funding includes capital and deposits.
- Core bank funding includes capital and deposits.
- Section 6276B7 appears to use the capital of the FAIR Plan and the earthquake authority to capitalize
Summary:
The Assembly Banking and Finance Committee met and first approved the consent calendar, which included AB 2028, AB 2425, and committee bill AB 2795, all sent to the Committee on Appropriations. The committee also noted that AB 2558 and AB 2746 had been pulled from the agenda. The chair reviewed hearing procedures, including acceptance of written testimony and rules against disruptive conduct.
The committee then heard AB 2116, which would require registration and basic conduct standards for certain small-business financing providers, including merchant cash advance companies, and prohibit confessions of judgment and power-of-attorney provisions before default. Supporters argued the bill would close an oversight gap and improve transparency for small businesses; a small business owner testified that a purported 13% loan turned out to have a 235% APR. Opponents said the bill mixed consumer and commercial regulation and could restrict access to capital, though they supported banning confessions of judgment. The bill passed on a roll call vote and was sent to Appropriations.
AB 2243, by Assembly Member Haney, proposed creating a state bank commission to study whether California should establish a state bank or other public financing tools. Supporters said a public banking model could reduce borrowing costs, keep more public money in-state, and better finance housing, infrastructure, and other public priorities; opponents from banking groups raised concerns about taxpayer exposure, deposit guarantees, and the use of public funds and existing lending structures. The bill passed and was sent to Appropriations. The committee also heard AB 2350, which would set guardrails on rent-now-pay-later products for rental housing; supporters said these products can lead to high fees, debt, and eviction risk, while industry groups opposed the bill unless amended. AB 2350 passed as amended and was sent to Appropriations. At the end of the meeting, the committee completed roll calls for absent members and adjourned.
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Sep 12th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- When capital projects get deployed, that money needs to be there.
- That created, within the Finance Authority, a venture capital program.
- They call the Federal State Small Business Credit Initiative a venture capital program.
- We believe we're bringing new capital and new experience that way to the state.
- But this really early seed capital takes a long time to develop the product.
MN
Transcript Highlights:
- The Capital Investment Committee for April 29th is called to order.
- This leads us to our 2025 capital program.
- So is it something that on the capital side that the board could?
- Here are the capital investment priorities for this year.
- I'm the capital resource administrator at the Department of Corrections.
Bills:
HF3220
Keywords:
school safety, school security, emergency access, law enforcement access, master key box, secure key box, entry device, school grants, education finance, Department of Education, charter schools, school districts, cooperative units, appropriation cancellation, one-time appropriation, school safety plan, emergency preparedness, public safety, school building security