Bills: SF62 , SSB1125 , SF137 , SSB1057 , SF220 , SSB1096 , SF418

Committee: Joint Judiciary

Keywords: railway, special agents, law enforcement, public safety, criminal investigation, firearms, pistol, revolver, gun control, background check, NICS, National Instant Criminal Background Check System, court order, firearm prohibition, disqualifying order, district court clerk, Department of Public Safety, FBI, record sharing, record removal

Transcript Highlights:

• </c> enforces that the rental house revolving enforces that the rental house revolving fund<00:12:43.279
• </c> housing revolving housing revolving fund<00:14:06.680><c> um</c><00:14:06.920><c> before</c><00:
• Um, as you know, the chair is very interested in revolving the rental housing revolving fund faster than
• revolving revolving fund<00:19:23.760><c> as</c><00:19:23.880><c> I</c><00:19:24.039><c> previously<
• </c><00:36:55.040><c> fund</c> rename the rental housing revolving fund rename the rental housing revolving

Committee: Senate Housing

Summary: The committee heard testimony on a series of housing measures focused on streamlining approvals, reshaping financing programs, and expanding affordability requirements. SB 27 would exempt state-financed housing developments from County Council approval; SB 38 would bar county legislative bodies from changing housing proposals in ways that increase project costs; SB 25 would let counties reduce housing capacity in one area only if they offset it elsewhere with no net loss; and SB 379 would require perpetual affordability covenants for HHFDC projects and prohibit affordable housing in special flood hazard areas. SB 378 would create an HHFDC working group to identify mixed-use Maui properties for possible acquisition, SB 414 would authorize condemnation proceedings for a new Lānaʻi access road tied to disaster recovery, and SB 13 would eliminate the state income tax mortgage interest deduction for second homes. Testimony was mixed across the bills, with state agencies and housing advocates generally supporting faster permitting and more production, while county planners, NAIOP, Catholic Charities, and others raised concerns about local control, marketability, financing feasibility, and long-term affordability enforcement. A major portion of the hearing centered on the rental housing revolving fund. SB 70 would limit eligible applicants to government agencies or organizations that reinvest all surplus into additional housing; HHFDC said most developers would not object in principle but questioned how the surplus requirement would be enforced, while NAIOP and Catholic Charities opposed it as too restrictive and difficult to monitor. SB 71 would amend the fund’s preference criteria and eligibility rules, and SB 163 would require HHFDC to prioritize projects with the shortest repayment terms and highest unit production per dollar per year. HHFDC and some advocates supported the goal of faster recycling of funds, but NAIOP and Catholic Charities warned that shorter loan terms and narrowed preferences could burden developers and disincentivize projects, especially for lower-income tenants. The chair indicated SB 163 would be deferred and its concerns folded into amendments to SB 71. In decision-making, the committee voted to pass SB 27, SB 38, SB 70, and SB 71 with amendments, and SB 25 unamended. The chair said SB 27 would be amended to include projects with a state financing commitment and a report note that such projects still undergo 21-38 review; SB 38 would receive technical changes and language preventing county bodies from imposing cost-increasing conditions; SB 70 would add language addressing enforcement of the surplus requirement and a preamble citing the need to recycle taxpayer-financed housing value; and SB 71 would be amended to incorporate concerns raised in SB 163, including a broader preamble and revised priority criteria. SB 163 was deferred, while the other measures on the agenda were heard but no final action was described in the transcript excerpt.

Transcript Highlights:

• fund, and our state revolving fund, by county as well.
• water state revolving funds in Arizona.
• Even conservation is eligible for the water supply development revolving fund.
• It's to, one, keep that money revolving. And if it's directed spending, the money doesn't revolve.
• It's to, one, keep that money revolving. And if it's directed spending, the money doesn't revolve.

Committee: Senate Senate Natural Resources Committee of Reference

Summary: The Natural Resources Committee convened for introductions of members, staff, interns, and pages, with members briefly noting their districts and roles. The committee’s only agenda item was a presentation from the Water Infrastructure Finance Authority (WIFA) by Director Chelsea McGuire, who outlined WIFA’s mission and recent work financing water infrastructure across Arizona. McGuire described three major funding programs: the rural water supply development revolving fund, the water conservation grant fund, and the long-term water augmentation fund. She said WIFA has financed nearly $3 billion in water infrastructure over 30 years, awarded about $87.3 million through the rural fund, and allocated $211 million in conservation grants expected to save 6.6 million acre-feet of water. She also said WIFA is out of conservation money and requested continued state support, while noting the revolving funds remain stable even if federal funding declines. A large portion of the discussion focused on the long-term augmentation fund and its competitive solicitation process. McGuire said WIFA identified a projected 100,000 to 500,000 acre-foot supply gap in 10 to 15 years and selected seven projects for further due diligence after receiving 17 responses, including desalination, reuse, groundwater storage, and exchange-based projects involving private partners. Senators asked about public transparency, project timelines, costs, and the need for state funding; McGuire said public engagement will continue, the projects are intended to match the identified time frame, and state funding is needed both to pay for due diligence and to reduce project risk and cost. No votes or formal actions were taken, and the meeting adjourned after the presentation and questions.

Transcript Highlights:

• school special fee revolving fund.
• </c> and correctional industries revolving and correctional industries revolving fund. fund. fund.
• </c><00:23:57.680><c> fund,</c> the school best fit fair revolving fund, the school best fit fair revolving
• ,</c> commercial enterprise revolving fund, commercial enterprise revolving fund, out-of-school<00:24
• </c> revolving fund. revolving fund.

Summary: The committees met in decision-making sessions and considered a long list of Senate bills, with no oral testimony taken. Several measures were advanced unamended, including SB 2178 on industrial hemp, SB 2277 on hospital price transparency, SB 2387 on digital financial asset transaction kiosks, SB 2688 on compassionate release, SB 3132 on syndromic surveillance data reporting, SB 3219 on housing infrastructure growth bonds, and others. Many bills were also advanced with technical or substantive amendments, including SB 2114 on collective bargaining grievance rights, SB 2601 on procurement penalties, SB 2698 on cruise ships/transportation, SB 2757 on digital asset charters, SB 2948 on insurance fraud, SB 2002 on water governance, SB 2022 on state water code penalties, SB 2190 on inclusionary zoning, SB 3294 on wrongful imprisonment compensation, and SB 17, SB 2407, SB 2811, SB 2907, SB 2930, SB 3084, SB 3103, and SB 2808 in the later agenda segment. The committee also discussed SB 2080, relating to the psychology interjurisdictional compact, where one senator objected to interstate compacts as opening local jobs to out-of-state professionals; despite that objection, the measure was adopted. SB 3133 on preventive medicine drew amendment discussion to remove unnecessary language about committee members not being state employees and to delete an immunity subsection, while preserving ethics-code coverage and provider immunity. SB 3000 on insurance was amended to remove a savings clause, and SB 2921 on fund transfers received extensive amendments removing or revising numerous special funds and revolving accounts across agencies. Most votes were unanimous or near-unanimous, often with members present voting aye or with reservations. A few measures drew recorded no votes or reservations, including SB 2080, SB 3133, SB 2921, and SB 2401, where one member voted with reservations and the committee report was to reflect the Attorney General’s comments. In each case, the committee adopted the recommendation and moved the bills forward.

Transcript Highlights:

• revolving fund, and our state revolving fund by county as well.
• water state revolving funds in Arizona.
• water state revolving funds in Arizona.
• water state revolving funds in Arizona.
• It's to, one, keep that money revolving. And if it's directed spending, the money doesn't revolve.

Committees: Senate Natural Resources , Senate Senate Natural Resources Committee of Reference

Transcript Highlights:

• Is this the first time you're requesting money to kind of seed this revolving loan fund?
• Is this the first time you're requesting money to kind of seed this revolving loan fund?
• Is this the first time you're requesting money to kind of seed this revolving loan fund?
• </c> &gt;&gt; Oh and it is a revolving loan fund. &gt;&gt; Oh and it is a revolving loan fund.
• So, it's a revolving loan &gt;&gt; Yeah, right.

Transcript Highlights:

• The Mass Ready Act introduces a new financing tool, the Resilience Revolving Fund, which will provide
• One provision in the bill is a resilience loan fund, a revolving fund used by municipalities.
• of the drinking water and the clean water state revolving funds.
• of the drinking water and the clean water state revolving funds.
• of the drinking water and the clean water state revolving funds.

Committee: Joint Joint Committee on Bonding, Capital Expenditures and State Assets

Summary: The Joint Committee on Bonding, Capital Expenditures and State Assets held a hearing on S. 2542, the Mass Ready Act, the Healey-Driscoll administration’s environmental bond bill. Secretary of Energy and Environmental Affairs Rebecca Tepper and Undersecretary Jen Sullivan described the bill as a $3 billion resilience package to protect drinking water, farms, fisheries, roads, bridges, parks, and communities from flooding, heat, drought, wildfires, and other climate impacts. They highlighted major authorizations for flood and coastal resilience, DCR infrastructure, drinking water and wastewater upgrades, PFAS remediation, open space and land protection, food security infrastructure, and a new Resilience Revolving Fund for low-cost loans to municipalities, tribes, and water districts. Committee members asked about project lifespans, flood and salt marsh permitting, wastewater and combined sewer overflow funding, parkway maintenance, land acquisition priorities, Quabbin stewardship, and how the revolving fund would be capitalized and administered. The administration said the fund would be modeled on the Clean Water Trust, use existing trust resources rather than new fees, and could later support special obligation bonds; they also said the bill would streamline certain permitting and improve flood-risk disclosure and climate-related building standards. Many witnesses urged the committee to strengthen the bill’s funding levels or add related policy provisions. Labor, contractor, and plumbing groups supported creating a water reuse and graywater recycling commission, saying it could conserve water, reduce stormwater and sewer burdens, and create skilled jobs. Boston Harbor Now asked for higher authorizations for the Municipal Vulnerability Preparedness program and resilient coast work, plus permitting reforms for nature-based and waterfront projects. The Massachusetts Rivers Alliance backed the bill but also urged inclusion of drought-management legislation, a water reuse commission, a statewide flood buyout program, and more support for community resiliency. Environmental justice advocates from Green Roots called for dedicated funding for outdoor and indoor air quality monitoring and indoor air quality improvements in schools and public housing, while conservation and tree advocates sought larger investments in urban forestry, local nurseries, and workforce training, along with clearer language to ensure municipal reforestation funds go to cities and towns. Agricultural and food system witnesses emphasized the importance of the bill’s food security and farmland provisions. The Southeastern Massachusetts Agricultural Partnership and the Mass Food System Collaborative supported the $125 million food security infrastructure grant program, saying it has funded critical facilities and equipment for farmers, fishers, processors, and food access organizations, but warned that without the bill there could be a funding gap in fiscal year 2027. They also supported farmland protection and asked for more funding for agricultural capital programs, used-equipment eligibility in grant programs, and a next-generation farmer fund. Water utility representatives said the bill still falls short of the state’s long-term drinking water, wastewater, and stormwater needs, citing EPA estimates of nearly $37 billion in needed investments over 20 years and urging dedicated recurring funding and broader eligibility for climate resilience grants. No votes were taken at the hearing.

Transcript Highlights:

• </c> applicants for rental housing revolving applicants for rental housing revolving fund<00:07:54.560
• fund and the terms of loans made from the rental housing revolving fund.
• Um, how much money has the Legislature appropriated to the rental housing revolving fund since 2016?
• The first of which is Senate Bill 2060 relating to the rental housing revolving fund.
• </c> the rental housing revolving fund. the rental housing revolving fund.

Summary: The Senate Committee on Housing heard and then took action on a series of housing-related bills concerning HHFDC, HPHA, inclusionary zoning, nonprofit housing trusts, housing project exemptions, the rental housing revolving fund, and a new for-sale housing program. Testimony was generally supportive from HHFDC and HPHA, with additional support from groups such as Hawaii YIMBY, Grassroot Institute of Hawaii, Hawaii Appleseed, Housing Hawaii’s Future, Holo Collaborative, the Kobayashi Group, and others. On SB 2424, the Kobayashi Group argued the bill would help open housing to a broader pool of local households, including buyers slightly above income limits who still cannot afford market-rate housing. On SB 2342, the chair asked HHFDC for final figures on rental housing revolving fund appropriations since 2016 and was told the amount was about $1.1 billion, including conveyance tax revenue. In decision-making, the committee recommended passage of SB 2189 with amendments, noting concerns about transparency and accountability in HHFDC’s loan-award process; SB 2190 with amendments; SB 2234 with amendments; SB 2177 with amendments; SB 2194 unamended; SB 2342 with amendments; SB 2060 with amendments; and SB 2070 with amendments. The committee deferred SB 2195 and SB 2196 after testimony comments, and deferred SB 2063 because the chair said SB 2060 would be used instead as the vehicle for mixed-income subaccount changes. SB 2424 was discussed in hearing but then deferred in decision-making pending legal advice on issues including owner-occupancy, county income restrictions, buyback rules, and county council approval. The committee also heard testimony on SB 2062 and its proposed SD1, but deferred that measure because the relevant changes had already been incorporated into SB 2060 SD1.

Transcript Highlights:

• The first of which is Senate Bill 2060 relating to the rental housing revolving fund, which authorizes
• fund and the rental housing revolving fund and the mixed<00:01:50.320><c> income</c><00:01:50.640><c
• Our next bill today is Senate Bill 2063 relating to the rental housing revolving fund.
• <00:09:29.360><c> fund</c><00:09:29.760><c> dur</c> revolving fund dur revolving fund dur mechanisms<
• </c><00:09:50.560><c> fund</c> keep the rental housing revolving fund keep the rental housing revolving

Bills: SB2060 , SB2063 , SB2062 , SB2069 , SB2070

Committee: Senate Housing

Keywords: rental housing revolving fund, HHFDC, Hawaii Housing Finance and Development Corporation, mixed-income housing, mixed-income rental project, affordable housing, low-income housing, housing finance, housing development, preservation, rehabilitation, pre-development, construction financing, equity investment, credit enhancement, collateral, gap financing, area median income, AMI, perpetual affordability

Transcript Highlights:

• We launched an application process for the state disaster revolving fund that was created in 2024, and
• FY23, you'll see we're still combined, and then that's where the EMAC revolving fund came in.
• The 911 revolving fund is restricted.
• We don't use that for any emergency management purposes, but it does show up on our revolving fund.
• And that's why within the bill they had to establish a revolving fund?

Summary: The committee held a budget hearing for the Oklahoma Office of Emergency Management, with Director Annie Verst presenting the agency’s FY26/FY27 request and explaining the agency’s role in disaster response, recovery, preparedness, and mitigation. She said OEM remains a lean agency focused on coordinating resources for local governments, supporting recovery after disasters, and helping communities build resilience. She highlighted recent activity including wildfire response, multiple fire management assistance declarations, $83 million in public assistance payouts, use of the new state disaster revolving fund, and implementation of an Oklahoma resilient recovery strategy and ARPA-funded rural public safety grants. Verst emphasized uncertainty in federal funding and FEMA operations, saying hazard mitigation assistance has been canceled for the first time since 1988, some obligations were delayed under DHS’s “Defend the Spend” review, and the emergency management performance grant period was shortened before later being resolved. She said OEM has restructured by eliminating obsolete administrative work, repurposing positions to regional coordinators, ending warehouse leases, and assigning fleet vehicles more efficiently. Her budget request included $3.7 million to cover a possible loss of federal operating support, $1 million for a required state hazard mitigation plan update, $3.8 million for the state emergency fund to cover anticipated 12.5% state shares and replenish prior expenditures, and $800,000 for anticipated other-needs/temporary sheltering cost share. Members questioned her about Oklahoma Task Force One, the revolving fund, and whether OEM is shifting toward a response-focused agency. Verst said response remains local and OEM’s role is coordination, recovery, and mitigation, not replacing local emergency management. She explained Task Force One is used when local capacity is exceeded, is not currently funded by OEM for routine operations, and the revolving fund helps bridge reimbursement delays. She also said the hazard mitigation plan update would likely be done by an outside contractor or university partner. No votes were taken; the hearing ended after questions and thanks from the chair.

Transcript Highlights:

• For years, we operated just the public project revolving fund.
• Facility revolving fund. And so that program is in development now.
• Um, and the first, of course, as I mentioned earlier, was the Public Project revolving fund.
• You know, it's a, it's still a very strong rating in the public project revolving fund. Thank you.
• Economic Development revolving fund.

Committee: House New Mexico Finance Authority Oversight Committee

Transcript Highlights:

• The Mass Ready Act introduces a new financing tool, the Resilience Revolving Fund, which will provide
• It's a revolving fund, so that when you pay it back, it will go back and there'll be more projects to
• Yeah, and so the resilience revolving fund at the heart of it, a lot of it was looking at modeled on
• the success of the drinking water and the clean water state revolving funds, and the big piece there
• Yeah, and so the resilience revolving fund at the heart of it, a lot of it was looking at modeled on

Bills: S2542

Committee: Joint Joint Committee on Bonding, Capital Expenditures and State Assets

Keywords: climate resilience, resilience bond bill, environmental bond, infrastructure spending, flood control, coastal resilience, PFAS, clean water, wetlands, nature-based solutions, housing permitting, flood disclosure, land conservation, biodiversity, forest reserves, municipal vulnerability preparedness, MVP grant program, food security, agricultural resilience, solid waste

Transcript Highlights:

• It's more infrastructure under this revolving fund and program.
• House Bill 4036 is addressing the revolving fund, making a deposit of the revolving fund for Bringing
• a desire to fund those revolving funds, and that's what's happening.
• transferred over into this revolving fund.
• transferred over into this revolving fund.

Summary: The committee took up a long agenda of appropriations and budget bills, with most of the early action focused on retirement cost-of-living adjustments. Senate Bills 1144, 1145, 1146, 1148, and 1149 all advanced, covering COLAs for retired teachers, public employees, police, judges, and a special “tweener” group of police and fire retirees. Members questioned the actuarial impacts, funded ratios, and timing of the apportionment changes, and the author explained that the retirement bills were based on TRS or system actuarial estimates and that the 2036 apportionment cutoff could be revisited by future legislatures. SB 1149 was described as a one-time $25,000 payment for a limited group of older retirees, with estimated costs of $3.5 million for police and $5.8 million for fire. Most of these retirement measures passed on votes of 23-24 ayes with one nay. The committee also considered House Bill 4071, creating the Oklahoma Dream Accounts Investment Program to match the federal “Trump accounts” with up to $250 per eligible child, capped at $12.5 million. Democrats criticized it as a poor use of funds and objected to the federal program’s uncertainty and the emergency clause; the bill passed 17-8. House Bill 4072 created a taxpayer endowment trust fund by moving $200 million from the Revenue Stabilization Fund and redirecting a portion of future gross production tax overages into the new fund until it reaches $1 billion, after which it would generate future revenue streams. Members raised concerns about investment risk, oversight, and whether the fund was a “shell game,” but it passed 18-6. Several agency budget and limit bills were also approved, including HB 4057 for $25 million to expand the Bureau of Narcotics headquarters, SB 1158 for $252,000 to fund medication for minors in custody, SB 1164 for the Department of Mental Health and Substance Abuse with $1.2 million in new appropriations plus $5.97 million for the 988 revolving fund, and HB 4040 for the Department of Health rural health transformation cash-flow needs tied to federal reimbursement. The committee also passed HB 4051 on FMAP preservation, SB 1161 for the Oklahoma Health Care Authority, SB 1162 for the State Department of Health, and SB 1163 for DHS, where the largest discussion centered on avoiding an Advantage waiver waitlist, SNAP administrative costs, and child abuse multidisciplinary care centers. Most of these bills passed with little or no debate, though some drew questions about federal matching dollars and reporting requirements. Education-related items were also approved, including HB 4030, the State Department of Education budget limits bill, which maintained prior-year funding for textbooks, early intervention, literacy coaching, school security, and other line items; HB 4044 for OEQA’s growth-based teacher compensation and NBCT stipends; HB 4065 for school security funding at the School of Science and Math; HB 4067 for the School for the Blind and School for the Deaf; and HB 4038 directing $5 million of ODOT FY27 appropriations to the eight-year work plan. The committee also advanced HB 4046, which directs funding to the Military Readiness, Innovation, Education, Aviation Revolving Fund for projects including McAlester, Fort Sill, Altus, and Enid, with members questioning why additional money was needed so soon after prior appropriations. Throughout the meeting, most measures were reported as passed by wide margins, with a few dissenting votes on bills viewed as controversial or as reallocating funds away from other priorities.

Transcript Highlights:

• All right, next on the agenda is SP 71 SD2, relating to the rental housing revolving fund.
• Next item, SP 1229 ST2, relating to the dwelling unit revolving fund.
• SP 1229 ST2, relating to the dwelling unit revolving fund. HHFDC in support.
• </c><00:55:24.760><c> fund</c> the rental housing revolving fund the rental housing revolving fund um
• Next item is SB 1229 SD2, relating to the dwelling unit revolving fund.

Committee: House Housing

Summary: The committee heard testimony on several housing-related measures. SB 38 SD2 drew mixed testimony on changes to 21H projects, with HHFDC supporting and county and community groups split between support and opposition. In discussion, members focused on how county legislative bodies can alter projects in ways that increase costs, including changes to AMI mixes and fee waivers. The committee later recommended passage with amendments, limiting county changes that would impose stricter conditions than HHFDC, stricter AMI requirements, or reduced fee waivers; the motion passed with one member voting with reservations and two members excused. A major portion of the hearing focused on SB 71 SD2, which would revise the rental housing revolving fund. Catholic Charities Hawaiʻi, Hawaiʻi YIMBY, and NAAP Hawaiʻi opposed the bill, arguing it would weaken support for deeply affordable units, eliminate the 5% set-aside for households at or below 30% AMI, and create a funding gap for households between 60% and 120% AMI. Supporters of the bill, including public housing and some development interests, emphasized the need to redirect funding and make the program more flexible. In decision-making, the committee described the bill as making comprehensive changes that would narrow Tier 2 toward higher-income projects and favor shorter loan terms, then moved it out with amendments. The committee also heard and advanced several other measures with little or no opposition: SB 40 SD2 on state finances, SB 378 on HHFDC, SB 572 SD1 on housing, SB 1229 ST2 on the dwelling unit revolving fund, and SB 602 on the Hawaiʻi Public Housing Authority all received support testimony and were moved forward. For SB 65 SD2, HPHA and other agencies supported the measure, and HPHA testified it sought roughly $8 million to $10 million for repair and maintenance of units not covered by CIP funds. The committee also took up SB 826 SD1 on the low-income housing tax credit, where HHFDC, the Tax Foundation, and DHHL expressed confusion over the bill’s intent and whether it would bar state agencies from using LIHTC financing; no action was taken on that item in the excerpt. SB 944 SD2 on LIHTC transferability drew support and a suggestion to keep clarifying language that notifies the tax department, and the committee indicated it would keep the provision in.

Transcript Highlights:

• FY23, you'll see we're still combined, and then that's where the EMAC revolving fund came in.
• The 911 revolving fund, that's restricted.
• And that's why within the bill they had to establish a revolving fund?
• And that's why within the bill they had to establish a revolving fund?
• That was a $30 million appropriation, and there's still $27 million in that revolving fund?

Summary: The committee heard a budget presentation from Emergency Management Director Annie Verst for the General Government appropriations budget. She described the agency’s core role as coordinating disaster response, recovery, preparedness, and mitigation, emphasizing that local governments lead initial response while the state supports recovery and resource coordination. Verst highlighted recent activity including wildfire-related declarations, $83 million in public assistance payouts, use of the new state disaster revolving fund, implementation of an Oklahoma resilient recovery strategy, and restructuring efforts that repurposed positions toward regional coordination and reduced administrative overhead. A major focus of the presentation was uncertainty around federal funding. Verst said FEMA programs and obligations have been delayed or canceled in some cases, including hazard mitigation assistance and disaster case management, and that the agency is seeking state support to cover possible gaps. She outlined requests for a $3.7 million federal funding loss contingency, $1 million for updating the state hazard mitigation plan, $3.8 million for the state emergency fund and 12.5% public assistance obligations, and $800,000 for anticipated other needs/temporary sheltering cost share. She also explained that most of the agency’s large revolving and pass-through balances cannot be used for operating costs. Members questioned her about Oklahoma Task Force One, including whether it is funded by OEM and whether the agency is shifting toward response rather than mitigation. Verst said Task Force One is used when local capacity is exceeded, that out-of-state deployments are reimbursed, and that the agency sees its role as coordination and recovery rather than replacing local response. She also explained the revolving fund for disaster advances, the timing of reimbursements, and the purpose of the hazard mitigation plan update. No votes or formal actions were taken, and the hearing concluded with thanks and adjournment.

Transcript Highlights:

• Fund and the other out of the Higher Ed Capital Revolving Fund.
• Could you tell me, Revolving Fund and the other out of the Higher Ed Capital Revolving Fund.
• And so, generally, those revolving funds, if they're not created in a revolving fund for a specific purpose
• Revolving fund and then 25 and 26 cash, what does that mean?
• What's the full amount in unencumbered revolving funds?

Bills: HB3418 , HB3985 , HB3463 , HB3002 , HB4303 , HB3919 , HB3416 , HB3417 , HB3415 , HB2206 , HB3414 , HB3265 , HB3310 , HB3413 , HB4486 , HB1219 , SR39 , SB1177 , HB3298 , HB2696 , HB3941 , HB3970 , HB3264 , HB3321 , HB2650 , HB3497 , HB3980 , HB3981 , HB4421 , HB3177 , HB3322 , HB3499 , HB3500 , HB3845 , HB3742 , HB3622 , HB1250 , HB2710 , HB3831 , HB4408 , HB1002 , HB3008 , HB3086 , HB3595 , HB3678 , HB4107 , HB3695 , HB3315 , HB3590 , HB3006 , HB3151 , HB2959 , HB2398 , HB3026 , HB3467 , HB4268 , HB3372 , HB2210 , HB4359 , HB4427

Summary: The Senate convened with a quorum, offered prayer, and recognized the Doctor and Nurse of the Day, along with several visiting groups in the galleries, including the Goldsby Volunteer Fire Department and families honoring fallen firefighters Todd Pendleton and Brian Jenkins, the Sapulpa Elks Antlers, the Grove Chamber of Commerce, and northeastern Oklahoma cattlemen. The chamber adopted Senate Resolution 39, celebrating the 100th anniversary of U.S. Route 70 and its economic importance to southern Oklahoma communities. The main item of business was the Joint Committee Report for Senate Bill 1177, the General Appropriation Bill for the State of Oklahoma. Senators questioned the budget’s overall size, the use of gross production tax revenues, the new sovereign/endowment trust fund, Medicaid and Health Care Authority funding, mental health appropriations, child care subsidy funding, school security, career tech, tourism, the Commissioners of the Land Office, textbook allocations, and several other agency lines. The chair explained that the budget included about $1.5 billion in cash and sweeps, a $250 million base appropriation for the Health Care Authority, $200 million for the endowment trust fund, $31 million for PREP projects, $25 million for the Governor’s Quick Action Closing Fund, and other agency-specific appropriations and supplements. Several members debated the report before adoption. Supporters argued the budget addressed agency needs and future savings, while opponents criticized it as a flat or spending-heavy budget that favored special projects and well-connected interests over core services such as child care, mental health, water infrastructure, and county needs. After debate, the Joint Committee Report for SB 1177 was adopted, and the Senate moved through the budget discussion with no recorded roll-call vote in the transcript provided.

Transcript Highlights:

• The Mass Ready Act introduces a new financing tool, the Resilience Revolving Fund, which will provide
• It's a revolving fund, so that when you pay it back, it will go back and there'll be more projects to
• Could you explain how the revolving fund will work and how exactly you're planning to capitalize that
• the success of the drinking water and the clean water state revolving funds.
• the success of the drinking water and the clean water state revolving funds.

Committee: Joint Joint Committee on Bonding, Capital Expenditures and State Assets

Summary: The committee held a hearing on S.2542, the Mass Ready Act, a $3 billion environmental bond bill aimed at climate resilience, water infrastructure, conservation, and related permitting reforms. Secretary Rebecca Tepper and administration officials described the bill’s major investments in flood control, coastal resilience, DCR roads/bridges/dams and parks, drinking water and wastewater upgrades, PFAS remediation, land conservation, food security infrastructure, and expanded Municipal Vulnerability Preparedness funding. They also explained proposed streamlining measures for environmental permitting, flood risk disclosures, a Connecticut River Resilient Commission, and a new Resilience Revolving Fund to provide low-cost financing for municipal resilience projects. Committee members asked about affordability, useful life of projects, how the revolving fund would be capitalized, and how the bill would help communities such as Lawrence, Methuen, and coastal towns; officials said the fund would initially use existing trust resources, not new fees, and could later support special obligation bonds once it has a track record. Several witnesses supported the bill but urged larger authorizations or additional provisions. Boston Harbor Now asked for more funding for MVP and the state’s resilient coast plan, and supported permitting reforms for nature-based and hybrid solutions. The Massachusetts Rivers Alliance urged inclusion of drought-management language from separate bills, plus a statewide flood buyout program and a water reuse commission. Green Roots called for dedicated funding for outdoor and indoor air quality monitoring and indoor air quality improvements, especially in environmental justice communities affected by traffic and airport pollution. Conservation and forestry advocates requested more funding for urban tree canopy, local nurseries, and workforce training, while also raising concerns about PFAS impacts and the need for clearer municipal reforestation language. Agriculture and water infrastructure groups focused on food security and drinking water needs. The Southeastern Massachusetts Agricultural Partnership and the Mass Food System Collaborative backed the food security infrastructure grant program and farmland protection funding, warning that the program needs continued support in fiscal 2027 and that farmland loss is accelerating. The Massachusetts Waterworks Association said the bill does not go far enough on drinking water, wastewater, and stormwater infrastructure, citing large statewide capital needs and PFAS compliance costs, and asked for recurring funding and broader eligibility for climate resilience grants. A Product Stewardship Council representative also urged funding for a waste reduction needs assessment, citing growing landfill constraints and rising disposal costs. No votes were taken during the hearing."}{

Transcript Highlights:

• HP 432, HD1, SD2, relating to the rental housing revolving fund. Roll it to 4:30 and Room 225. Yes.
• SB 1229, SD2, HD1, relating to the dwelling unit revolving fund. Roll it to 4:30 and Room 225. Yes.
• </c><00:14:12.720><c> Roll</c><00:14:12.959><c> it</c> rental housing revolving fund.
• </c><00:14:19.519><c> Roll</c><00:14:19.680><c> it</c> to dwelling unit revolving fund.
• Roll it to dwelling unit revolving fund.

Summary: The conference committees met several times on April 25, 2025, to resolve a number of bills, often delaying items until later in the day because of missing FIN/WAM releases or lack of quorum. Early in the day, SB 382 was discussed briefly but not advanced because finance would not release it. HB 1064, relating to the state fire marshal, was taken up and approved after conferees confirmed a $2,212,000 appropriation for fiscal years 2026 and 2027 to fund eight positions in the Department of Law Enforcement. Members thanked the many agencies, staff, and advocates involved, and the bill passed by unanimous votes of those present. Several other measures were rolled over to later conference-room meetings, including HB 423 on workers’ compensation, HB 214 on government, HB 1036, HB 1037, and HB 1039 on public employment cost items, SB 828 on workers’ compensation medical benefits, SB 717 on collective bargaining, and HB 286 on the individual housing account program, all pending FIN/WAM release or further agreement. A larger housing agenda was also postponed to 4:30 p.m. in Room 225, including bills on housing, transportation, transient accommodations development, rental housing revolving funds, dwelling unit revolving funds, and low-income housing credit. At the later transportation and housing sessions, HB 1231 was adopted as a conference draft establishing a $5 county motor vehicle registration surcharge for the Safe Routes to School special fund and clarifying rules for automated enforcement citations and liability. HB 4209 on transit-oriented development also passed; it defined transit-oriented development, created a mixed-income subaccount in the rental housing revolving fund, and authorized HCDA to use the definition in planning. HB 1298 on housing passed with amendments to support a government employee housing program tied to a transit-oriented development site, including funding for planning and an HHFC position. HB 830 on historic preservation reviews also passed with amendments limiting third-party review to residential or mixed-use development and setting staggered effective dates. Later, SB 662 on transportation passed with amendments authorizing county police officers to enforce the statewide traffic code on public streets, roadways, and highways. Several other bills remained pending and were recessed for later consideration.

Transcript Highlights:

• We have a way station improvement revolving fund, and there are dollars generated from truck permits
• We think of the Heartland Flyer out of our passenger rail revolving fund, and we think we're going to
• One is the Oklahoma Ports Revolving Fund that was set up in 2024. Excuse me.
• with you, the state election board now has five revolving funds.
• There are two federal revolving funds. Those are Restricted.

Transcript Highlights:

• We manage those revolving loan funds on your behalf.
• We manage those revolving loan funds on your behalf. off balance sheet, that is your funding.
• I'm going to touch quickly on the infrastructure revolving loan fund and on the school construction revolving
• I'm going to touch quickly on the infrastructure revolving loan fund and on the school construction revolving
• So infrastructure revolving loan fund is two big ones, if you will.

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