Video & Transcript Research : 'forgivable principal'

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AZ

Arizona 2026 Regular Session

03/03/2026 - Senate Natural Resources

Natural Resources

Transcript Highlights:
  • members, House Bill 2096 allows a county to apply for and receive financial assistance, including forgivable
  • principal, which is essentially a waiver of a portion of the loan to the applicant if they meet certain
  • We were actually prepared to close on about a $16 million loan with Gila County for 100 percent forgivable
  • principal before an attorney pointed out they didn't think they could take the money.
  • does is it just gives the residents another opportunity to eliminate the cesspool and go with the forgivable
Bills: HB2029, HB2096, HB2116
AZ

Arizona 2026 Regular Session

01/20/2026 - House Natural Resources, Energy & Water

Natural Resources, Energy & Water

Transcript Highlights:
  • as Heala County to access the funding through WIFA so we could work with the homeowners on the forgivable
  • These are federal dollars and has the ability to offer significant forgivable principal.
  • There is a formula set by the EPA and agencies for forgivable principal that is based on census data.
  • We're just part of this legislation is just opening up that funding to other counties for the forgivable
  • Currently, there's only one county in Arizona that is allowed to access the funding for the forgivable
Bills: HB2029, HB2030, HB2096
AL

Alabama 2025 Regular Session

Alabama House Education Policy Committee Apr 22nd, 2025

Education Policy

Transcript Highlights:
  • So for principals, it would be a...
  • , a $5,000 stipend for... for the principals, a $5,000 stipend for the assistant principals.
  • the assistant principal.
  • They're not called principals or assistant principals.
  • They're the principal.
Bills: SB303, SB303
HI

Hawaii 2026 Regular Session

AEN-HHS-WAM, JDC-WAM DEFER, WAM-JDC, WAM, WAM Public Hearings 04-09-2026

Agriculture and Environment

Transcript Highlights:
  • Hawaii Green Infrastructure Authority to provide financial assistance, including low-interest or forgivable
  • :02:12.120> or assistance including low-interest or assistance including low-interest or forgivable
  • loans<00:02:13.240> to<00:02:13.360> eligible<00:02:13.800> homeowners forgivable
  • loans to eligible homeowners forgivable loans to eligible homeowners for<00:02:15.080> the<00
Bills: HB1618
Summary: The committees held a joint hearing on HB 1618 HD1, which would create and fund a cesspool conversion revolving loan fund administered by the Hawaii Green Infrastructure Authority to help homeowners upgrade, convert, or connect cesspools. Testimony was overwhelmingly in support from state agencies and advocacy groups, with witnesses emphasizing that cost is the main barrier to cesspool conversion and that recent Kona flooding underscored the public health and pollution risks of cesspools. One testifier suggested the fund should actively pursue outside funding sources, and another urged an effective date that would allow counties to contribute sooner. A member raised concerns about whether loans would be affordable and whether other financing tools, such as tax credits, should also be considered; another member opposed the bill as not adequately addressing district-level sewer and septic issues. The committees ultimately recommended passage with amendments, including changing the effective date to July 1, 2050, and the motion was adopted. The joint Judiciary and Ways and Means committees then considered HB 2592 on the Mauna Kea Stewardship and Oversight Authority. The chair outlined amendments to clarify that the authority would assume property and liability associated with transferred assets, preserve existing liability rules, transfer conditional use permits if not already transferred, allow lease extensions before transfer, and set reversion triggers if the authority fails to adopt a management plan by June 30, 2028, or administrative rules by December 31, 2029. Members asked about preserving the public trust and whether the amendments would keep the Board of Land and Natural Resources’ role intact; the chair confirmed the fee and board role would remain unchanged. The committees voted to pass the bill with amendments, and the recommendation was adopted. The committees also took up HB 2033, making further amendments to clarify the definition of state, delay certain effective dates, allow rental and U-Drive lessors to avoid liability by identifying renters, delete one section, and add administrative hearing language and bus-camera clarifications. HB 1888 was amended to expand protections for educational workers to include sports officials, define sports official, make intentional bodily harm a felony with enhanced penalties for repeat offenses, and authorize the attorney general to assist with restraining orders. Both measures were recommended for passage with amendments and adopted. Later, several bills were moved with little or no discussion: HB 1515, HB 1713, HB 1718, HB 2022, and HB 2385 were recommended for passage unamended; HB 2375 was deferred; and HB 1741 was amended to reflect Honolulu’s concerns, narrow study requirements, add exemptions and a delayed implementation date, and was recommended for passage with amendments. The committees adopted the recommendations on these measures, with some members noting reservations or prior opposition on certain bills.
MN

Minnesota 2025-2026 Regular Session

House Workforce, Labor, and Economic Development Finance and Policy Committee 4/8/26

Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:
  • The grants and forgivable loans proposed would help stabilize businesses by covering essential costs
  • The<00:48:25.000> grants<00:48:25.359> and<00:48:25.440> forgivable<00:48:26.280
  • > loans<00:48:26.720> proposed The grants and forgivable loans proposed The grants and
  • Why did the bill change from a forgivable loan when we started to a grant?
  • Chair Baker, the bill I carried did not have just forgivable loans.
Bills: HF4477
ND

North Dakota 2025-2026 Regular Session

Senate Appropriations - Education and Environment Division Apr 10th, 2025 at 02:30 pm

Appropriations - Education and Environment Division

Bills: HB1329
Summary: The division first discussed Senate Bill 1540 and related amendments involving implementation mechanics, procurement exemptions, and an emergency clause. Bank of North Dakota representatives explained that, based on a timeline review with DPI, the project would be very difficult to implement for the 2026-27 school year without exemptions from state purchasing and IT oversight rules and without an emergency clause; they said the normal procurement process could take about 240 days and that a 15-month implementation window would likely push the start to 2027-28 if those changes were not adopted. Members also raised a separate policy question about a criminal penalty placeholder in the bill, and the committee agreed that the sentence was unnecessary and should be removed. The committee deferred means-testing questions and fiscal-note issues to the next morning, with the understanding that the bill would be drafted in a way that made it workable if it advanced. The committee then turned to the water budget bill and reviewed the latest amended version, which included changes to the Water Topics process, Southwest Pipeline line of credit provisions, Red River supply funding, Mouse River project amounts, general water funding, studies on Missouri River intakes and water governance/finance, and a carryover/transfer adjustment. Chris Cattermas of the Department of Water Resources said most of the carryover funds were already obligated, with the largest unobligated amount in flood control. After review, Senator Thomas moved a do-pass recommendation on the bill as amended, the motion was seconded, and the committee approved it unanimously. The chair noted that other bills would be taken up the next morning, including 1013, 1014, and 1540.
ND

North Dakota 2025-2026 Regular Session

Senate Appropriations - Education and Environment Division Apr 10th, 2025 at 09:30 am

Appropriations - Education and Environment Division

Bills: HB1329
Summary: The Education Division met with all members present and first took up House Bill 1329, which would create a transparency database and website for school spending information. Senator Schaible offered Amendment 0204 to turn the bill into a study, citing concerns that the proposal would impose major data-collection burdens on 168 school districts, require new data standards and privacy protections, and likely cost far more than the $500,000 in the bill. Several members supported transparency but agreed the implementation costs and technical feasibility were unclear. The committee adopted the amendment 4-1, then passed HB 1329 as amended on a 5-0 vote, with Senator Shively to carry the bill. The committee then discussed House Bill 1540, the education savings account/voucher bill. Representatives from the Bank of North Dakota and the Department of Public Instruction explained that they had not been consulted on the original drafting and outlined needed administrative changes, including clarifying the Bank as administrator, using a third-party program manager, involving DPI in rulemaking, adding audit and appeal procedures, and adjusting language on eligible purchases and school disqualification. They also said the current timeline was likely too aggressive to launch by the 2026-27 school year and estimated the program would require about 15 months to implement, with a fiscal note now around $5.1 million. Members also discussed policy-related amendments on means testing and application timing. Senator Shively proposed a 300% of poverty-level means test and a sign-up period to reduce costs and limit open-ended enrollment, while Senator Axman proposed a tiered approach that would keep all students technically eligible but phase in funding levels by income, preserving access for students who qualify for other federal supports. DPI said it could not currently disaggregate some data by family income and that the appeal process and procurement timeline still needed work. The committee did not move HB 1540 out that morning and instead recessed to continue discussion later after members had time to review the administrative and fiscal issues separately from the means-testing proposals.
TX

Texas 89th Regular

Ways & Means Mar 17th, 2025

Ways & Means

Transcript Highlights:
  • interpretation of the tax code by appraisal districts regarding whether married couples who live in separate principal
  • HB 134 defines small businesses as those that have their principal location in town.
FL

Florida 2026 Regular Session

Commerce and Tourism Jan 28th, 2026

Commerce and Tourism

Transcript Highlights:
  • You know, I suspect most of you out there are here to testify on Senator McLean's principal offices of
Summary: The Committee on Commerce and Tourism considered several bills. SB 1338 by Senator Burton would strengthen enforcement of written endowment agreements for charitable gifts and require legislative approval for new filing or reporting requirements on charities. The sponsor and Philanthropy Roundtable testified in support, emphasizing donor intent and protections for nonprofits; the bill was reported favorably. SB 1324, which was expected to address principal offices of LLCs, was temporarily postponed. The committee also passed CS/SB 1080 by Senator DeSigley, which directs FDOT to adopt rules allowing direct payments to first-tier subcontractors in specified circumstances. A transportation industry representative supported the measure, saying the situations are rare but need a statutory remedy. CS/SB 1582 by Senator Yarbrough, as amended, requires secondhand dealers, secondary metal recyclers, and pawnbrokers to submit transaction data to FDLE for statewide sharing through systems such as LInX; the amendment and bill were both reported favorably, with one witness from the Florida Recycler’s Association opposing the amendment. Senator McLean’s SB 1672, creating a home buyer workforce tax credit for employer contributions to help employees with first-time Florida home purchases, was reported favorably with support from the Florida Chamber of Commerce. SB 1112 by Senator Garcia, relating to the Florida Labor Pool Act, drew extensive testimony from workers, reentry advocates, and supporters who argued it would prohibit placement fees when workers are hired permanently, require annual registration of labor pools, improve accountability, and support stable employment and reentry; the bill was reported favorably. The committee then adjourned after recording votes and other closing business.
AL

Alabama 2026 Regular Session

Alabama House Financial Services Committee Jan 14th, 2026

Financial Services

Transcript Highlights:
  • payments biweekly or semimonthly and also enabling them to make additional payments toward the mortgage principal
  • make additional payments toward the make additional payments toward the mortgage<00:05:22.000> principal
  • mortgage principal without a penalty. mortgage principal without a penalty.
Bills: HB55, HB104, HB55, HB104