Video & Transcript Research : 'private activity bond cap'

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MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 4/9/26

Taxes

Transcript Highlights:
  • <00:05:01.600> or issued bonds or issued bonds or or<00:05:03.320> the<00:05:03.600
  • <00:10:17.320> in surgery resident, and I are actively in surgery resident, and I are actively
  • We issue bonds based on the whole capital.
  • We issue bonds based on the whole capital.
  • We issue bonds based on the whole capital.
Bills: HF4841, HF4234, HF3697
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 4/15/26

Taxes

Transcript Highlights:
  • activity bonds, developers throughout the state.
  • <00:05:05.280> activity<00:05:05.760> bonds, users of these private activity bonds,
  • users of these private activity bonds, uh<00:05:06.919> developers<00:05:07.800> um<00
  • the amount of bonds we're allowed to issue, but they don't cap the amount of 4% tax credits that we're
  • do cap the amount<00:09:50.440> of<00:09:50.520> bonds<00:09:50.920> we're<00:09
Summary: The committee first adopted the April 14, 2026 minutes as amended, correcting a misspelling in the reference to Chair Davids. It then heard House File 4234, a tax-exempt bonding/affordable housing bill from Representative Rey Rower, and adopted a technical A1 amendment before laying the bill over for possible inclusion in the 2026 tax bill. The bill would conform Minnesota law to recent federal changes to low-income housing tax credit rules by lowering the amount of tax-exempt bonds needed for projects to qualify, with the stated goal of spreading bond allocations across more projects and increasing affordable housing production without additional state funds. Testimony in support came from the bill author, the Greater Minnesota Housing Fund, and Mary Tingerthal, who said the change would increase efficiency in the use of federal bond authority and could raise the number of funded housing projects from about 16 to 25 per year, bringing in roughly $120 million more annually for housing. Members discussed where the benefits would be felt statewide, including greater Minnesota and larger metro areas, and the author said the bill would help address shortages in affordable and senior housing. The committee took no final vote on the bill, instead laying it over. The committee next heard House File 3697 from Vice Chair Norris, which would change Minnesota’s tax refund claim timelines to better align with federal law and most other states. The author and a tax attorney testifier said the bill would reduce confusion and help taxpayers, especially vulnerable individuals who may overpay or be overassessed and then miss the current deadline to seek refunds. The Department of Revenue said it had no concerns with the language and did not oppose the bill, and the committee laid the bill over for possible inclusion in the 2026 tax bill. Finally, the committee began hearing House File 4738 from Representative Keeler, a Safe Harbor funding proposal for victims of sex trafficking and sexually exploited youth. The author described Safe Harbor as a statewide program serving youth across Minnesota and said the committee should consider creative funding options, but Chair Davids stated the proposed funding source would not work because it would take money from women’s sports scholarships. Testifiers from Lake House in Duluth and a former Safe Harbor youth described the program’s impact on homeless and trafficked youth, including shelter, mental health services, education, and transition to adulthood. The hearing continued with testimony, but no action was taken in the portion provided.
MN

Minnesota 2025-2026 Regular Session

House Housing Finance and Policy Committee 3/24/26

Housing Finance and Policy

Transcript Highlights:
  • activity bonds.
  • Each state sets up its own process for how private activity bonds are awarded.
  • activity bonds. bonds. bonds.
  • how private activity bonds are awarded. how private activity bonds are awarded.
  • activity bonds.
Bills: HF4234, HF484, HF483, HF2614
MN

Minnesota 2025-2026 Regular Session

Workforce Development Committee Meeting - 2026-04-09

Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:
  • And what this is, is we're really targeting a modernization of Minnesota's private activity bond volume
  • The third slide there provides a little background on what private activity bonds are.
  • <00:18:08.640> activity background on what private activity background on what private activity
  • activity bond allocation, LIHTC or low 4% tax credit bonds, which fall in this pool.
  • with with respect to the private with with respect to the private activity<00:37:18.960> bond
Bills: HF3217, HF2252
Summary: The committee first approved the prior day’s minutes as amended, correcting the meeting number from the 46th to the 45th meeting. It then took up House File 3217, which would restore funding for the Minnesota Bioincentive Program. Representative Kisha argued the state should honor commitments made to companies that met program requirements and had not received full reimbursement. Testifiers from the Great Plains Institute and Minnesota Biofuels Association said the program has supported bioeconomy investment, reduced greenhouse gas emissions, and generated strong economic returns, but has been underfunded, leaving unpaid claims. Members raised questions about whether the bill was retrospective and whether it should be reviewed by another committee; the bill was laid over for further consideration without a vote. The committee then heard House File 2252, a proposal to modernize Minnesota’s private activity bond volume cap by shifting unused allocation from the small issuer/manufacturing bucket to the public facilities bucket while leaving the overall cap unchanged. The bill’s public finance testifier said the current allocation formula is outdated, housing would remain the top priority, and the change would be budget neutral. Testifiers from the Minnesota Milk Producers Association and Minnesota Biofuels Association supported the bill, saying it would better align financing with rural infrastructure, clean water, manure management, renewable natural gas, dairy processing, and low-carbon fuel projects, and could lower borrowing costs for those sectors. Members questioned whether the bill fit the committee’s jurisdiction and noted it might be more appropriate for another committee; the bill was also laid over for further consideration.
TX

Texas 89th Regular

Pensions, Investments & Financial Services Mar 24th, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • It's about private activity bonds, one of the easier types of bonds we're going to hear about today.
  • Texas is the only state that requires full funding of a private activity bond at closing, rather than
  • Partial funding of private activity bonds is allowed in other states because interest is paid only on
  • The debt for the apartment project is in the form of private activity bonds.
  • Our focus is the private activity bond and 4% tax credit program.
MN

Minnesota 2025-2026 Regular Session

Taxes Committee Meeting - 2025-05-06

Taxes

Transcript Highlights:
  • Section 8 of Article 7 raises the State Agricultural Society's debt limit for state fair bonds from $30
  • There are parts of our city where people have their private property.
  • We should not be putting our people's private information in those hands.
  • Participants in SFIA are private individuals, some who may be motivated to enroll by conservation outcomes
  • Ninety percent of candidates for office use the fund and agree to cap the amount they spend on campaigns
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee 5/6/25

Taxes

Transcript Highlights:
  • There are parts of our city where people have their private property.
  • The um park their private property.
  • c> contractor<00:51:12.319> to Sometimes got a private contractor to Sometimes got a private
  • <01:20:14.560> some in SFIA are private individuals. some in SFIA are private individuals.
  • While this two-year private land owners.
TX

Texas 89th Regular

Pensions, Investments & Financial Services May 5th, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • House Bill 1342 was developed because some stakeholders have raised concerns that the private activity
  • activity bonds allocation process for qualified residential rental projects, updating affordable standards
  • Adjusting the priority schedule for private activity bonds encourages more flexibility in mixed-income
  • Who issues the bonds?
  • in general obligation bonds.
TX

Texas 89th Regular

Intergovernmental Affairs May 6th, 2025

Intergovernmental Affairs

Transcript Highlights:
  • This bill clarifies the limitations on the district's authority to issue bonds secured by ad valorem
  • The city came out and told us we couldn't do that because that would be going on private property.
  • And it's not the city's place to intervene when a building has not a lot of activity unless the building
  • House Bill 5698 addresses the Southeast Regional Management District, which is highly active in providing
  • activity bond under the program if the state representative who represents the district containing the
LA

Louisiana 2026 Regular Session

Administration of Criminal Justice Apr 29th, 2026

Administration of Criminal Justice

Transcript Highlights:
  • The request is to move it from 10 years to 15 years, with a cap.
  • Right now the cap after 10 years is $40,000. The cap will move to $600,000.
  • But when we look at raising the cap...
  • as written in Senator Mazzle's bill will encompass that activity.
  • as written in Senator Mazzle's bill will encompass that activity.
Summary: The Criminal Justice Committee met on April 29, 2026, and first voluntarily deferred HB 517. It then took up several Senate bills focused largely on impaired driving, wrongful conviction compensation, child protection, and criminal procedure. SB 118 by Sen. Boudreaux required substance use disorder screening for misdemeanor DUI offenders; supporters, including the Louisiana Highway Safety Commission, said early screening could identify underlying addiction and reduce repeat offenses, and the bill was reported favorably. SB 125 increased wrongful conviction compensation from 10 to 15 years and raised the cap to $600,000; supporters emphasized the hardship faced by people who spent decades wrongfully imprisoned, and it was also reported favorably. SB 294 allowed gaming operators to reallocate promotional play across licenses without increasing the total amount, and it was reported favorably despite opposition from the Louisiana Family Forum. The committee also advanced several bills aimed at child sexual exploitation and worship protections. SB 87 clarified the definition of commercial sexual activity in trafficking laws so prosecutors could more easily charge adults who solicit or pay for sexual images of children online; prosecutors said the current language was too narrow, and the bill was reported favorably. SB 93 set minimum bond amounts for certain child sexual abuse material offenses, and an amendment by Chair Villio added broader bail restrictions and revocation provisions for certain violent, sex, and firearm-related offenses; the amended bill was reported favorably. SB 98 expanded the definition of educator to include school resource officers and security guards for purposes of prohibited sexual conduct with students, and it was reported favorably. SB 306 created the crime of obstructing freedom of worship; after an amendment reducing a proposed fine from $10,000 to $2,500, supporters argued it was needed to deter disruptions at churches, while the ACLU raised concerns about overbreadth and redundancy, and the bill was reported favorably as amended. SB 277, allowing certain statewide officials with POST-qualified handguns to carry in the State Capitol, was also reported favorably. SB 199 imposed a mandatory minimum sentence and sex-offender registration for a second offense of purchasing commercial sexual activity; supporters said it would reduce demand, and it was reported favorably as amended. Two House bills drew significant discussion but were not advanced. HB 333 would have required the Department of Public Safety and Corrections to house inmates within 30 miles of their home parish or offense location; the author argued it would preserve family ties and reduce recidivism, but sheriffs, prosecutors, and DOC said the proposal was not practical given bed space, security, and facility-location constraints, and no motion was made, so it remained in committee. HB 828 would have created an independent Louisiana Correctional Medical Review Board to investigate inmate deaths and report to the legislative auditor; the author said it would improve transparency, but prosecutors and corrections officials warned it could interfere with criminal investigations and duplicate existing coroner and law-enforcement processes. The author asked for and received voluntary deferral. HB 146, authorizing a Sabine Parish election on sports wagering, also received opposition and no motion, so it stayed in committee. The meeting ended with adjournment after all listed measures were handled.
OK

Oklahoma 2026 Regular Session

Appropriations Revised Apr 22nd, 2026 at 03:30 pm

Appropriations

Transcript Highlights:
  • Much like active. Duty does in on active duty.
  • It's my same question: why do we need to increase these caps? Thank you.
  • Successful, and so we need to increase the caps.
  • It has been utilized, and that is another reason to raise the cap.
  • Now, we're not raising the annual cap, so the annual cap still remains the same.
AZ

Arizona 2026 Regular Session

03/10/2026 - Senate Natural Resources

Natural Resources

Transcript Highlights:
  • water companies, because I think we actually need better regulation of private water companies.
  • So I just wanted to add that about the private water companies. Thank you. Excellent.
  • So I just wanted to add that about the private water companies. Thank you. Excellent.
  • as well as public hearings related to the issuance of revenue bonds.
  • Basically, what we're trying to do is modernize PICWA's existing revenue bonding authority.
Summary: The committee approved the minutes from February 27 and March 3, 2026, and then heard several natural resources and water-related measures. House Bill 2013 would require ADEQ to submit an exceptional event demonstration to EPA when wildfire smoke from federally managed land affects Arizona air quality. The sponsor said this would help Arizona’s ozone/nonattainment position, while Sierra Club and ADEQ raised concerns that the bill duplicates an existing process and could waste staff time and resources. The bill passed 5-3. House Bill 2156 would appropriate $250,000 to the Livestock Compensation Fund. Supporters argued ranchers need help with livestock losses and drought impacts, while opponents criticized the board’s transparency and said the program already receives federal and prior state funding. The bill passed 5-3. House Bill 2113 would require RUCO to intervene in utility rate cases when a proposed increase reaches 100% or more; the sponsor said rural customers are being overlooked, while RUCO said it would need significant additional staff and funding and could not absorb the workload without more resources. The bill passed 6-2, with members noting they expected a future amendment to add funding. The committee also approved House Concurrent Memorial 2011, which urges Congress to delist the Mexican gray wolf and return management to states and local authorities. Supporters cited livestock losses and ranching impacts, while opponents said the species remains endangered and recovery decisions should remain science-based; the memorial passed 5-3. House Bill 2026, concerning how ADWR evaluates water availability when supplies are commingled, passed 5-3 despite concerns that it could weaken groundwater safeguards. House Bill 2056, which funds a feasibility study for brackish groundwater desalination sites, also passed 5-3 after debate over whether the study was necessary given existing groundwater accounting and treatment efforts. House Bill 2098, modernizing Pinal County Water Augmentation Authority bonding authority, passed unanimously 8-0. Finally, House Concurrent Resolution 2057, supporting a geothermal permitting roadmap and agency coordination for next-generation geothermal development, passed unanimously 8-0.
TX

Texas 89th Regular

Pensions, Investments & Financial Services May 12th, 2025

Pensions, Investments & Financial Services

Transcript Highlights:
  • Are bonds only anticipation notes, or do bonds include... Both types.
  • No, so a bond is a certificate of obligation or a general obligation. Bonds.
  • If we can't go and issue those tax notes for that, we'll have to go to a private bank and issue bonds
  • I don't—debt limitations, debt caps in particular, are there to basically stop— ...issuing bonds past
  • Our bond counsels.
Bills: SB512, SB1024
HI

Hawaii 2026 Regular Session

AGR Public Hearing - Fri Jan 30, 2026 @ 9:30 AM HST

Agriculture & Food Systems

Transcript Highlights:
  • agricultural activity.
  • <00:29:21.440> Um, signal active agricultural activity.
  • Um, signal active agricultural activity.
  • parks as essentially a form of private parks as essentially a form of private expansion<00:45:55.760
  • And in addition, particularly active.
TX

Texas 89th Regular

Intergovernmental Affairs Aug 22nd, 2025

Intergovernmental Affairs

Transcript Highlights:
  • Capping funding, I am paid by a private association that is member-driven to represent their interests
  • The bonds and the bond interest are paid out of the budget, correct? Well, INS, yes. Mm-hmm.
  • cap.
  • It's a cap. ...not a cut.
  • revenues in the cap calculation.
Bills: HB26, HB73, SB 14, HB46
OK
Transcript Highlights:
  • House Bill 4158 raises the salary caps for students who receive the OTEG grant so that their families
  • determine is the fund is on a first-come, first-served basis, but $60,000 is not very much to cut off the cap
  • So school districts are now going to be paying their staff members to participate in religious activities
  • rights of parents and students while providing schools a reliable framework to accommodate religious activity
  • without fear of litigation. ...schools a reliable framework to accommodate religious activity without
TX

Texas 89th Regular

Intergovernmental Affairs Apr 22nd, 2025

Intergovernmental Affairs

Transcript Highlights:
  • Enforcement actively investigates trafficking operations.
  • We take human trafficking activity extremely seriously.
  • activity to participate in that activity, and it's a felony if they do so.
  • Certainly, if there's criminal activity and an active crime occurring, law enforcement has the tools.
  • developers, and those private developers then sell the tax credits to the private sector. credits to
TX

Texas 89th Regular

Intergovernmental Affairs Apr 22nd, 2025

Intergovernmental Affairs

Transcript Highlights:
  • There was a $2 million cap established in statute in 2011. I think it's important to know.
  • million cap.
  • It's just a cap.
  • Bowling's point, over time, this $2 million cap becomes very arbitrary.
  • bonds.
LA

Louisiana 2026 Regular Session

Administration of Criminal Justice May 12th, 2026

Administration of Criminal Justice

Transcript Highlights:
  • It provides relative to electronic bonds. Chairman Climpeter, on your bill.
  • Does it require them to be bonded at? No, they're allowed to be considered to be bonded out.
  • It still goes back to whether they're allowed to be bonded or recommended.
  • So generally, that leaves private attorneys who are being assessed this fee.
  • So generally, that leaves private attorneys who are being assessed this fee.
Summary: The Criminal Justice Committee heard and advanced a series of bills, mostly on juvenile justice, gaming background checks, corrections, and criminal procedure. Early in the meeting, the committee reported favorably SB 258 on juvenile traffic violations, SB 321 on electronic bonds, SB 134 on child sexual abuse material/sexting-related offenses involving juveniles, and HB 75 on promotional play for racetracks after adopting an amendment narrowing the bill’s application. The committee also reported favorably SB 422 on unsupervised probation for certain fourth-offense OWI cases, SB 440 on the Renaissance District board membership, SB 393 on explosives regulation after correcting a bill-number mix-up, SB 339 on gaming-industry background checks, SB 325 on excluding certain persons from sports wagering, and SB 288 on criminal history background checks. Most of these measures were described as technical cleanups or modernization efforts and drew support from law enforcement, district attorneys, or industry groups, with little or no opposition. The most substantial debate centered on SB 201, which would change how Louisiana handles juvenile homicide sentencing, including first- and second-degree murder cases and review of old death sentences converted to life terms. Supporters from the Attorney General’s office said the bill would align sentencing procedures with existing Supreme Court law and give courts a more neutral framework. Opponents from the SPLC and the Louisiana Center for Children’s Rights argued it would weaken the safeguard that life without parole for children should be reserved for the rarest cases, expand exposure to juvenile life-without-parole sentences, and raise constitutional concerns. After an amendment was adopted, the committee voted 7-3 to report SB 201 favorably as amended. The committee also heard SB 523 on clemency and sentencing considerations for defendants who are victims of domestic abuse, human trafficking, or sexual assault. Supporters said it would create a path to pardon or commutation and allow victimization to be considered at sentencing, while several survivor-advocacy groups opposed the bill’s pre-sentence investigation requirement, warning it could introduce biased or harmful information and that the bill did not go far enough to fix sentencing problems. After testimony from the Board of Pardons and Parole and the Sheriff’s Association, the committee reported SB 523 favorably as amended. It also reported SB 320 on DNA detection and rape-kit data reporting, SB 470 on pregnant women in custody and shackling during delivery, and SB 345 requiring annual OJJ reporting, with members noting confidentiality concerns that may need amendment later. The final bill taken up in the excerpt was SB 313, which would bar clerks and vendors from charging additional electronic filing fees in criminal and traffic cases, but the transcript cuts off before action on that measure.