Video & Transcript Research : 'construction financing'

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ND

North Dakota 2026 1st Special Session

Joint Appropriations Jan 21st, 2026 at 12:30 pm

Appropriations

Transcript Highlights:
  • Health Transformation Bill that is going to provide, through the Bank of North Dakota, short-term gap financing
  • They operate under a COO construct. We had both prior. So that would be a change there.
  • House Bill 1625 is the offshoot of a very large DOT project that's about to begin construction in the
  • if an entity has to spend, let's say, an MRI machine, very expensive, this would provide them the financing
  • utilization of the program, when you look at the fact that some applicants may not need the gap financing
Bills: HB1623
Summary: The committee first heard House Bill 1624, the “Universal Lunch Bill,” from Rep. Mike Nathie. He argued the proposal should be placed in Century Code rather than the Constitution so future legislatures can adjust it if state finances tighten, and said the bill would start the program a year earlier with a $65 million appropriation for one school year. DPI testified that the estimate did not include nonpublic schools that do not participate, and members questioned the impact on Title I, free-and-reduced applications, private-school accountability, breakfast mandates for schools that do not currently serve breakfast, and whether the funding could come from the DPI budget or other sources. Supporters, including North Dakota United, the North Dakota Catholic Conference, a pediatrician, and the American Heart Association, said universal meals improve student health and learning, reduce family costs, and are better handled in statute than by constitutional amendment. No opposition testimony was offered, and the chair closed the hearing for later work-session action. The committee then took up House Bill 1627, introduced by Rep. Tye Dressler, which would raise the income threshold for the state-funded school lunch program from 225% to 300% of poverty, with an estimated cost of about $7 million for 2026-27. Dressler said the bill is intended as a targeted, budget-friendly alternative to the ballot measure and emphasized that the state should maximize federal meal dollars while improving participation in the current program. Members questioned whether raising the threshold would actually increase utilization, whether a dollar amount would be clearer than a percentage, and how the change would affect federal reimbursements and application rates. DPI said it could quickly calculate additional percentage levels, and the chair closed the hearing, directing DPI to prepare more numbers for the work session. Finally, the committee opened Senate Bill 2403, presented by Sen. Schiable, to create a short-term bridge-loan program for financially distressed hospitals, centered on Jacobson Memorial Hospital in Elgin. The bill would authorize up to $5 million per loan, with a $10 million appropriation available on a first-come, first-served basis, and would run only through June 30, 2027. Schiable said the hospital’s debt and operating problems threaten local health care, ambulance service, and the community’s economy, and that the proposal was designed narrowly with Bank of North Dakota review to avoid creating a broad precedent. Committee members asked whether the appropriation could be reduced and whether the bank would still apply commercial feasibility and repayment standards; Schiable said yes, the bank would still evaluate the loan and could reject it if it was not sound.
ND

North Dakota 2026 1st Special Session

Joint Appropriations Jan 21st, 2026 at 10:30 am

Appropriations

Transcript Highlights:
  • New construction, building expansion, or purchasing of buildings is not allowed.
  • them to consider whether there are ways that they could assist our local entities with some gap financing
  • Quality, you get finances, you save money, and you share in it. It helped.
Bills: HB1623
Summary: The committee heard House Bill 1623, the appropriations bill tied to North Dakota’s Rural Health Transformation Program, which is funded through a new federal rural health care grant. Senator Bekkedahl explained the bill’s background, the interim committee process that developed it, and the federal conditions attached to the award, including spending deadlines, administrative cost limits, and restrictions on uses such as new construction, supplanting existing funding, and certain other costs. Legislative staff then walked through the seven sections of the bill, including appropriation authority, transfer authority, contingent appropriations for pass-through grants, procurement and public improvement exemptions, recipient reporting, legislative reporting, and immediate effective date. Commissioner Traynor and HHS staff described how the department plans to implement the program, emphasizing that the funding is intended to improve rural access, workforce recruitment and retention, technology and data connectivity, and community health initiatives. They said the department will rely on local applications, technical assistance, templates, listening sessions, and partnerships with providers, schools, public health units, tribal entities, and other community groups. Members asked about reimbursement timing, upfront costs, administrative expenses, sustainability after the five-year grant period, and whether CTE centers, public health units, gyms, grocery stores, and other community partners could participate; the department said yes, within program rules and with a focus on measurable outcomes and sustainability. Several supporters testified in favor. Mental Health America of North Dakota and the Mental Health Advocacy Network supported the bill and urged investment in community-based mental health, crisis response, children’s services, peer support, and mobile crisis teams. HIA Health described the grant as a chance to expand home-based and hospice care, noting that rural providers already have workable models but need funding to scale them. A cybersecurity representative also supported the bill, warning that the large amount of health data and AI-related tools will require strong data protection and professional support. The hearing was closed with no opposition testimony, and the committee announced it would return later in the day for further work on the bill and other measures.
NM

New Mexico 2026 Regular Session

Senate - Finance Jan 21st, 2026

Senate Finance

Transcript Highlights:
  • Ladies and gentlemen, it's always great to be here in Senate Finance.
  • Under Senate Committees, you click on Finance. That's our committee.
  • My name is Wayne Propst with the Department of Finance and Administration.
  • Is three years ago the state board of finance received.
  • Installation and construction, for example, so that on its own would not be in scope.
Bills: SB2
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation General Fund Committee Feb 12th, 2025

Finance and Taxation General Fund

Transcript Highlights:
  • When we passed this bill for the prison construction, we set aside and identified through various estimates
  • portion of the debt... to finance a large portion of the debt.
  • So, how much money are we going to save to finance this huge debt that we're looking at?
  • are that we're going to actually bid this project out before we start construction on it.
  • Overall, we also have folks on the ground—our legal team and construction team—that are overseeing this
Bills: SB60, SB103, SB60, SB103
AZ

Arizona 2026 Regular Session

02/12/2026 - House Rural Economic Development

Rural Economic Development

Transcript Highlights:
  • House Bill 2824 enables a governing body to construct, install, or modify critical capital expenditure
  • This program allows commercial property owners to voluntarily finance qualifying capital improvements
  • These are necessary but difficult to finance projects such as water efficiency, energy upgrades, and
  • The key feature of C-PACE is that financing is tied to the property, not to the individual borrower.
  • Right now, 38 states have C-PACE financing. Arizona does not.
Summary: The committee began with a presentation on the modernization of the DeConcini Port of Entry in Nogales, Arizona. Testimony from the port authority chair, a county supervisor, and the Nogales mayor emphasized that the port is outdated, flood-prone, congested, and a safety concern because CBP facilities and traffic lanes sit on or near the international boundary and stormwater infrastructure. Speakers said the port is critical to local and state commerce, tourism, and tax revenue, and requested state support and letters backing federal funding efforts. Members discussed the sewer/stormwater flooding issue, the estimated $1.5 billion to $2 billion cost, and the need for federal action; the chair said a letter of support would be prepared for committee members to sign. The committee then heard and passed HB 2237, which appropriates $4.5 million for Apache Junction’s Superstition Trails and visitor gateway project, and HB 2926, the Workforce Housing Accelerator Act. HB 2926 would create expedited permitting for workforce housing, provide a single point of contact, reduce the state portion of prime contracting tax for qualifying projects, and lower the population threshold for certain industrial development authority bond actions. After an amendment, the bill passed 6-1. Testimony in support came from the sponsor and housing advocates, who said the bill would help address Arizona’s missing-middle housing shortage and reduce regulatory delays. The committee also passed HB 2113, which would require RUCO to intervene in utility rate cases when proposed residential rate increases are 100% or more. The sponsor argued RUCO should focus more on rural customers facing large percentage increases, while RUCO’s director said the office has only nine staff, a $1.9 million budget, and limited capacity, warning the bill could increase costs and delay cases. Members discussed rural ratepayer impacts, and the bill passed 5-1-1. HB 2824, authorizing local C-PACE programs for voluntary financing of commercial property improvements, also passed unanimously after testimony that it would support energy, water, and infrastructure upgrades without state general fund exposure. Finally, HB 2939, a rural investment tax credit bill tied to large qualifying investments and net new jobs, passed unanimously after Lucid Motors testified in support. The committee held HB 2950 due to time and adjourned, noting it would be heard first next week.
AZ

Arizona 2026 Regular Session

02/05/2026 - House Rural Economic Development

Rural Economic Development

Transcript Highlights:
  • Hardest to finance in rural Arizona.
  • It's built into the stacking of the finance system.
  • They do the financing, they do the development.
  • It was not financeable.
  • That project is not financeable without this program.
Bills: HB2388, HB2804, HB2926
Summary: The committee began with short presentations highlighting historic sites in Prescott, including the Arizona Pioneer Home and the First Territorial Governor’s Mansion/Charlotte Hall Museum, framed as ways to showcase rural districts and Arizona history. Members discussed the importance of using committee time to feature district-specific projects and tourism assets before moving to legislation. The main action was on HB 2804, a bill creating a state rural development and housing tax credit tied to the federal low-income housing tax credit for projects in counties under 800,000 population. Supporters, including the sponsor, the mayor of Flagstaff, housing developers, and other local officials, argued the credit would help finance affordable housing for seniors, veterans, and low-income residents in rural areas where projects are otherwise not feasible. Opponents, including the Arizona Free Enterprise Club, argued the program is inefficient, difficult to police, and disproportionately benefits intermediaries and developers. After extended questioning and debate about whether the bill truly helps veterans and seniors, the committee passed HB 2804 on a 7-0 vote. The committee then heard HB 2388, which directs the Arizona Commerce Authority to study the economic benefits of small modular reactors and data centers and report findings to the governor and legislature. The sponsor described it as a data-gathering measure to inform future policy, while supporters said it could help assess energy and job impacts, especially for Hispanic workers. One member suggested adding information on utility-rate impacts and waste/storage issues through amendment. The bill passed on a 6-1 vote, and the committee adjourned.
NM

New Mexico 2026 Regular Session

Senate - Finance Jan 21st, 2026 at 02:04 pm

Senate Finance

Transcript Highlights:
  • Ladies and gentlemen, it's always great to be here in Senate Finance.
  • Everybody remembers Phelps, former representative, or Don Corleone of the Senate Finance.
  • You click 'Committees' under Senate Committees, then click on 'Finance'—that's our committee.
  • To get there, you go to the NMLegis website, go to committees, then to Senate Finance, and it's that
  • My name is Wayne Props with the Department of Finance and Administration.
Bills: SB2
NM

New Mexico 2026 Regular Session

House - Appropriations and Finance Jan 21st, 2026 at 01:58 pm

House Appropriations & Finance

Transcript Highlights:
  • Chair, members of the House Appropriations Finance Committee, it's wonderful to be here with you.
  • And then before I turn to sharing with you the House Appropriations Hearing Finance Committee, our 27
  • Finance committee has recommended a little under $77 million.
  • And we actually have a five-year finance plan that outlines that.
  • Chair, Representative Dixon, that is the five-year finance plan.
Bills: SB2
HI

Hawaii 2026 Regular Session

HOU Public Hearing 01-27-2026

Housing

Transcript Highlights:
  • It authorizes the Director of Finance to transfer monies from the RHRF to its mixed-income subaccount
  • It authorizes the director<00:01:35.600> of<00:01:35.680> finance<00:01:36.000> to
  • of finance to transfer monies from<00:01:37.360> the<00:01:37.520> RHRF<00:01:38.159><
  • Senate Bill 2062 relates to the Hawaii Housing Finance and Development Corporation.
  • <00:13:02.639> of contribute equity in the construction of contribute equity in the construction
Summary: The committee heard five housing measures, with the chair announcing that SB 2060, SB 2063, SB 2062, and SB 2069 were works in progress and that decision-making would be deferred to February 3. SB 2060 would allow HHFDC, with Finance approval, to transfer money within the rental housing revolving fund and its subaccounts without further legislative authorization, including a transfer to the mixed-income subaccount for FY 2026-2027. HHFDC and other supporters said the change would give the agency more flexibility to move projects forward, while Catholic Charities Hawaii and a testifier from Roars and Cares supported the bill but warned that shifting money away from lower-income housing could weaken efforts to serve households under 80% of area median income and people at risk of homelessness. HHFDC said the fund’s uncommitted balance was about $100 million and that demand exceeded available resources. SB 2063 would revise the mixed-income subaccount by changing project priorities, adding new criteria, allowing transfers within the subaccount without legislative approval, and directing conveyance tax revenues into the subaccount. HHFDC, OPSD, LURF, Hawaii Appleseed, Housing Hawaii’s Future, Stanford Carr Development, and Roars and Cares supported the measure, while Catholic Charities urged the committee to keep rental and for-sale housing policy separate and to use other mechanisms for homeownership. Catholic Charities said the rental housing revolving fund should remain focused on rentals, and that for-sale initiatives should be addressed separately. The chair indicated an intent to defer the bill for further edits. SB 2062 would make the dwelling unit revolving fund equity pilot a permanent HHFDC program, allowing the agency to buy equity in for-sale developments to lower initial purchase prices and require repayment through shared appreciation. HHFDC said the pilot had been successful, with 83 units committed and $7.6 million of the $10 million program cap already committed, and said permanence would let the agency pair the program with DERF loans earlier in project financing. The chair said SB 2069 would be used as the vehicle for amendments to the DERF equity program and related changes. SB 2069 would authorize HHFDC to use existing dwelling unit revolving fund balances for the equity pilot; it drew support from HHFDC and several housing organizations. SB 2070 would create a permanently affordable for-sale housing program by replacing the current 10-year buyback restriction with a resale price cap tied to an appreciation index, which HHFDC said would preserve affordability while allowing owners to build equity. In questioning, senators pressed HHFDC on whether the bill was necessary, whether it would remove first-time homebuyer and other ownership restrictions, and whether the new program was truly “permanently affordable” if not tied to AMI. HHFDC said the current statutory restrictions limit flexibility, that the proposal would expand access to local residents, and that the price cap would be based on about 4.5% annual appreciation. Supporters said the approach would help buyers move up the housing ladder, while some senators expressed concern that it could open the program to owners of multiple properties and that the committee should see sales-velocity data on existing restricted units before proceeding.
MN

Minnesota 2025 1st Special Session

House Energy Finance and Policy Committee 3/18/25

Energy Finance and Policy

Transcript Highlights:
  • The bill would provide $220 million to the Minnesota Climate Innovation Finance Authority, or MIFA, to
  • loans, so they are optimistic that they will be able to accomplish all of these various areas of financing
  • 00:29:01.000> various<00:29:01.399> areas<00:29:01.720> of<00:29:01.919> financing
  • uh various areas of financing uh various areas of financing so<00:29:04.880> they're<00:29
  • It appropriates just over $2 million in fiscal year 2026 from the RDA account to construct geothermal
HI
Transcript Highlights:
  • <00:35:53.520> that off-site construction program that off-site construction program that
  • <00:35:56.800> and outsources all of the construction and outsources all of the construction
  • performance-based approach to financing performance-based approach to financing the<01:13:18.000
  • finance the bonds. finance the bonds.
  • We changed all the references, the finance director references, to finance manager.
Summary: The House Housing Committee heard testimony on a series of housing-related Senate bills. SB 2190 SD2 on inclusionary zoning drew support from HHFDC, Hawaii YIMBY, Grassroot Institute, Housing Hawaii’s Future, and Hako Seed Center, with opposition from OHA and Aloha Independent Living Hawaii. SB 2338 SD1, dealing with housing agency personnel authority, received comments from the Attorney General cautioning that the bill should be clarified to avoid conflicts with civil service and collective bargaining laws and recommending removal of a provision limiting employment contracts; HHFDC said its comments addressed those concerns and supported the measure. SB 2424 SD1, concerning HHFDC, received broad support from housing, business, and community groups, with one opposition. Testimony focused on changing the definition of “qualified resident” so people who already own an HHFDC-assisted unit could later purchase another if their housing needs change; HHFDC said the current rule forces people to sell before buying again and that the bill would help people move up the housing ladder and encourage more housing development. SB 2356 on parking also drew broad support from state agencies, housing advocates, business groups, and local officials, with Unite Here Local 5 in opposition. SB 2981 on land use had strong support from many organizations and 67 individuals, with Unite Here Local 5 opposing. SB 3028 SD2 on property conveyance generated the most detailed policy debate. Supporters, including Catholic Charities Hawaii, Hawaii Children’s Action Network, Indivisible Hawaii, and others, backed restructuring the conveyance tax into a marginal rate system and urged changes to revenue allocations, including dedicated funding for homeless services, DHHL, and the rental housing revolving fund. The Tax Foundation of Hawaii supported the marginal-rate concept but opposed dedicated special-fund allocations and criticized the bill’s blank sections. Committee members questioned the historical purpose of the conveyance tax, and the Tax Foundation explained it was originally a modest tax tied to property-value tracking when the state still ran the property tax system. The committee also heard SB 3187 SD2 on off-site construction, SB 2378 SD2 on housing permitting, and SB 2398 SD2 on residential housing utilities. OPSD supported SB 3187 but said it preferred the House version and wanted clarification that off-site certification should apply to factories in Hawaii, not out of state, to avoid outsourcing labor; it also suggested starting with a small scope. SB 2378 SD2 drew support from engineering, housing, and labor groups, with testimony that the House version included needed fixes to make the program insurable. On SB 2398 SD2, the Board of Water Supply opposed the bill, saying it could require disclosure of sensitive infrastructure information beyond ordinary water-availability assessments and raise critical-infrastructure and cybersecurity concerns; developers and housing groups supported the measure. No votes or final actions were taken in the portion of the hearing provided.
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 4/16/26

Taxes

Transcript Highlights:
  • Our second project is the construction Our second project is the construction of<00:35:38.800>
  • <01:20:26.080> cost team learn the construction cost team learn the construction cost estimates
  • infrastructure operation was constructed infrastructure operation was constructed in<01:39:04.480
  • Usually, these talk about construction.
  • hearing some tax increment financing hearing some tax increment financing bills,<01:46:24.080>