Video & Transcript DataContr Research : 'dual credit'

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TX

Texas 2025 - 89th Regular

Business and Commerce Apr 24th, 2025

Senate Business & Commerce Committee

Transcript Highlights:
  • Small dollar credit has not kept pace with the needs of Texans, consumers in Texas.
  • Obviously, credit losses also come into play.

  • of credit to lend to individuals like this.
  • This is about consumers who do not have access to credit currently.
  • For those people, this credit is transformative.
Summary: The meeting of the Senate Business and Commerce Committee was marked by discussions on several significant bills, with a keen emphasis on legislative updates and committee substitutes. Notably, Senator Blanco presented a new committee substitute for SB2610, which modifies the employee cap from 100 to 250 and extends the update timeline for cyber security programs for small businesses. This substitute was adopted unanimously, reflecting a collaborative agreement among the committee members. Additionally, there were discussions surrounding SB1856 as Senator Crayton provided insights into how stakeholder feedback influenced the bill's committee substitute. The committee ultimately voted in favor, pushing it towards the local and contested calendar, indicating the bill's progression through legislative channels.
TX

Texas 2025 - 89th Regular

Judiciary & Civil Jurisprudence Apr 2nd, 2025 at 10:30 am

House Judiciary & Civil Jurisprudence Committee

Transcript Highlights:
  • data-time="3636">Colleagues, members, thank you for allowing me to lay out House Bill 933 due to Texas dual
  • Well, I'm not going to take any credit for that.

Summary: The committee meeting encompassed a wide range of discussions focusing heavily on various bills aimed at enhancing community safety and legal procedures. Notably, House Bill 2176 was introduced by Chairman Harless as a cleanup bill that seeks to improve courtroom safety. This drew significant attention as witnesses, including Holly Williamson from the Justices of the Peace and Constables Association, testified regarding the alarming increase in security incidents reported in Texas courts, emphasizing the need for reinforced court security measures. The concerns raised about the safety of judges, court personnel, and the public during court proceedings highlighted the gravity of the situation and the necessity for legislative action.
TX
Transcript Highlights:
  • That is because I am a dual government employee.
  • opportunity to ask you, when you get a chance, please dedicate some time to make a chapter on the credit
Summary: The committee meeting addressed the contentious issue of congressional redistricting, following concerns about the legality and fairness of past maps that allegedly disenfranchised minority voters. The testimony predominantly rejected the notion of conducting mid-decade redistricting, with multiple witnesses arguing against the initiative citing lack of legal justification and the risk of exacerbating racial gerrymandering. Prominent discussions included calls for more transparency in the redistricting process, with several members expressing the need for public engagement through field hearings and meaningful opportunities to review and comment on proposed maps. Senator King and other members led discussions emphasizing the significance of community involvement in shaping equitable congressional districts that reflect Texas' demographics.
TX

Texas 2025 - 89th Regular

Pensions, Investments & Financial Services Mar 24th, 2025 at 10:03 am

House Pensions, Investments & Financial Services Committee

Transcript Highlights:
  • They use their credit in many circumstances to do that.
  • Let me use that, my credit, the credit of that agency, that governmental entity.
  • syndicator that buys those 4% Low-Income Housing Tax Credits.
  • I don't even have a credit.
  • There are no mandatory fees, no credit checks, and no impact on credit scores.
Summary: The meeting of the committee involved discussions surrounding multiple bills focusing on financial legislation, including crucial developments related to certificates of obligation (COs). Representative Tepper presented HB1453, which aimed to increase voter input regarding local government debt issuance and address growing concerns about financial accountability. The discussions highlighted the recent trends in CO debt, particularly in areas like El Paso, which has seen a dramatic rise in local government debt without direct voter approval. Several members voiced their support and concerns regarding the bill's implications for taxpayer rights and community involvement in financial decision-making.
TX

Texas 2025 - 89th Regular

Intergovernmental Affairs May 6th, 2025 at 08:05 am

House Intergovernmental Affairs Committee

Transcript Highlights:
  • in the qualified sites under HB2086-3789 are not allocation plans, which we call the QAP, for tax credit
  • Tax credit developments are evaluated on school rating data that has been inconsistently issued over
  • Alternatively, a tax credit development that proceeds in a community at a time when the school...
  • transparency provisions required for other low-income housing credits.
  • Ultimately, I was, we were awarded those tax credits.
Summary: The meeting of the committee featured several active discussions regarding various bills, with notable emphasis on matters of affordable housing and local governance. House Bill 3753 was a focal point, aimed at addressing the allocation of low-income housing credits, which raised concerns among members over its implications for local communities. Representative Cunningham provided compelling arguments for the bill, emphasizing its potential benefits for teachers and residents struggling with housing issues, triggering a dialogue on transparency and accountability in housing decisions. Additionally, the committee reviewed House Bill 293, which proposed uniformity in transparency requirements across different housing tax credit programs, underscoring the complexity of legislative processes in housing development.
TX
Transcript Highlights:
  • I was like, no, these are tax credit housing.
  • I mean, tax credit housing, and I'm not sure that everyone knew the proliferation of tax credit housing
  • I am a developer of housing tax credit developments. We don't happen to own the organization.
  • ...credit program, of course, administered by TDHCA.
  • program for new tax credit developments.
Summary: The meeting involved in-depth discussions focused primarily on several significant bills aimed at reforming healthcare, improving consumer protection, and enhancing community-based care. Key highlights included House Bill 1919 and House Bill 1763, which address the roles and regulation of pharmacy benefit managers (PBMs) in Texas. Lawmakers emphasized the need for these bills to create a fairer landscape for independent pharmacies while ensuring patient access to necessary medications. Public testimonies reflected both support for the reforms and concerns regarding their potential implications. Another major topic was Senate Bill 513, which proposes the development of a pilot program for community-based care in rural West Texas, aiming to improve child welfare services in regions facing unique challenges.
TX
Transcript Highlights:
  • With the enactment of the 45U tax credit, the playing field has been.
  • It's the only means of production tax credit in the entire tax code.
  • If we're going to get there, these tax credits are necessary.
  • No sir, 45U is a production tax credit for existing nuclear.
  • And then, 48E is an investment tax credit for new nuclear.
Summary: The meeting was characterized by a thorough examination of various bills, with particular focus on House Bill 5247, which dealt with capital cost recovery mechanisms for utilities and featured discussions on its implications for consumers. Senator Campbell presented the bill, emphasizing its balanced approach and necessity for clarity in existing utility provisions. Multiple members expressed support, leading to a unanimous vote for its approval, showcasing a collaborative atmosphere within the committee. Additionally, HCR 102 was highlighted, which sought to call attention to the importance of federal tax credits for sustaining and expanding nuclear energy in Texas. The testimony from industry experts reinforced the bill's significance as Texas seeks to maintain its leadership in energy production amidst rising demands and competitive pressures from international markets.
TX

Texas 2025 - 89th Regular

Land & Resource Management Apr 24th, 2025 at 10:04 am

House Land & Resource Management Committee

Transcript Highlights:
  • The Texas Low-Income Housing Tax Credit program plays

  • Coming from HB 1058 from last session, these credits are

  • and competitive 9% credits.
  • requirements, specifically when awarded low-income housing tax credits.
  • We'd essentially have to give them no credit if they wanted to leave the trees or not.
Summary: The meeting focused heavily on discussions surrounding affordable housing, particularly through the lens of House Bill 4398. Representative Garcia-Hernandez presented the bill, which aims to streamline the permitting process for low-income housing projects, thus reducing the timeline municipalities typically take to approve or deny permits by 50%. This bill is viewed as critical given the pressing issues related to low-income housing availability in Texas. Public testimony included supportive evidence from various stakeholders, highlighting the urgent need for expedited permits to align construction timelines with strict tax credit requirements. Experts from the Texas Affiliation of Affordable Housing Providers also underscored that permitting delays create significant financial risks, complicating the completion of necessary housing units.
TX
Transcript Highlights:
  • I think we have 38 available in the current flood funding project list that are both dual supply and
Summary: The committee meeting was centered around critical discussions on various bills aimed at improving water management and mitigating losses in municipal water systems. Notably, Senate Bill 1190 sparked significant conversation regarding the high water loss rates among large utilities, with stakeholders emphasizing the need for stringent, consistent validation measures and penalties. The chair expressed appreciation for the collaborative efforts to enhance groundwater management through Bill 1855, which aims to clarify the certification process for groundwater availability, addressing concerns on the ambiguities in the previous legislation. Public testimonies were heard, with supportive sentiments towards improving water conservation strategies and accountability measures within water utilities.
TX

Texas 2025 - 89th Regular

Natural Resources Apr 23rd, 2025 at 10:04 am

House Natural Resources Committee

Transcript Highlights:
  • have emphasized the development of non-traditional water sources like brackish groundwater, with the dual
Summary: The meeting addressed critical water management issues in Texas, with significant discussions revolving around House Bill 5188 and House Bill 2109. Representative Lopez presented HB 5188, focusing on addressing the statewide water crisis, emphasizing the urgent need for managing water supplies effectively. The bill aims to facilitate the development of brackish groundwater sources as alternative water supplies while reducing the regulatory burden associated with it. Members engaged in a thorough debate regarding the implications of the bill, particularly its environmental impacts and the benefits it brings to various communities, especially those facing severe water shortages.
TX

Texas 2025 - 89th Regular

Ways & Means Apr 14th, 2025 at 10:04 am

House Ways & Means Committee

Transcript Highlights:
  • It's a dual benefit, and as the witness mentioned before, it is $250,000 a year statewide, but you're
Summary: The committee meeting involved a range of discussions focused on local economic development through various House Bills primarily related to hotel occupancy taxes. Noteworthy was the presentation of House Bill 2370, which aims to allow municipalities like Harlingen to use hotel occupancy tax revenue retroactively for convention center expenses, facilitating fiscal responsibility and community involvement via voter approval. Representative Lopez encouraged support for the bill, highlighting its potential benefits for the city's budget and operational flexibility. Testimonies from local leaders, including Harlingen's Mayor, reinforced the need for this legislative change to support vital city projects.
TX

Texas 2025 - 89th Regular

Natural Resources (Part I) May 14th, 2025

Senate Natural Resources Committee

Transcript Highlights:
  • The longer the regulatory lag, the greater the negative impact on the utility's credit rating, affecting
  • I can borrow money, but just like all of us personally, I have a credit rating.
  • That credit rating directly affects the interest rate that I pay a bank or...
  • , so credit positive legislation helps to reset that and gives me the chance to have a better credit
  • Again, that credit positive, to me, means...
Summary: The meeting included a robust discussion on several bills aimed at addressing regulatory issues in the state. Key among these was House Bill 4384, presented by Representative Darby, which focuses on alleviating financial burdens caused by regulatory lag for natural gas utilities. The bill seeks to allow temporary deferral of costs related to new infrastructure, and public testimonies highlighted a significant division in opinion, with some stakeholders arguing it would increase costs for consumers without adequate oversight. The committee members engaged actively with the testimonies, indicating a comprehensive review of the implications of the bill. House Bill 2663 was also introduced, aimed at preventing wildfires through better oversight of outdated electrical infrastructure at inactive oil and gas well sites, emphasizing the need for removed or de-energized equipment to avoid future incidents. Additionally, several other bills like HB1237 and HB3071 were discussed, with the latter addressing the cancellation of inactive landfill permits to reflect current land use and community development. The overall tone of the meeting was collaborative, with members expressing gratitude for professionalism despite some disagreements on policy details. The meeting concluded with several bills left pending for further discussion before moving to votes in subsequent sessions.
TX

Texas 2025 - 89th Regular

Intergovernmental Affairs Apr 22nd, 2025 at 11:04 am

House Intergovernmental Affairs Committee

Transcript Highlights:
  • And how I've taken $60 million of tax credits and instead

  • Through this federal tax credit program.
  • Legislation from the 83rd session requires developers applying for the 4% housing tax credit to obtain
  • This is the non-competitive tax credit program at TDHCA, and it's the bond program; it's coupled with
  • ...credit developments in the 4% program.
Summary: The meeting centered around discussions on affordable housing legislation, particularly focusing on HB627 and HB1865. The chair laid out HB627, which aims to address issues related to the resolution of no objection (RONO) requirement for affordable housing projects. This bill is designed to improve the process for developers by mandating timely responses from local jurisdictions, which would facilitate an increase in affordable housing units in Texas. Numerous witnesses, including representatives from housing associations, testified in favor of the bill, highlighting the need for greater efficiency in housing development. Concerns were raised regarding the removal of public hearing requirements for smaller jurisdictions, with some members expressing the need for community input on housing developments.
TX

Texas 2025 - 89th Regular

Local Government (Part I) Apr 7th, 2025

Senate Local Government Committee

Transcript Highlights:
  • The Texas 9% Housing Tax Credit Program currently has a $2 million cap on the amount of federal tax credits
  • The Housing Credit Improvement Act had 300 House sponsors last session.
  • I think about the tax credit programs like a big pie.
  • In 2024, Austin received around $6 million in tax credits.
  • Every single year, there are more applications than there are tax credits to give out.
Summary: The meeting covered several significant bills, primarily focusing on enhancing transparency and accountability within local government and homeowners' associations. Notably, Senator Hinojosa introduced SB1935, aimed to reform the operations of Property Owners Association Boards, addressing concerns over insufficient representation and transparency for homeowners. The bill drew a mix of support and opposition, with testimonies highlighting the need for greater homeowner engagement in decisions affecting their communities. Additionally, SB2046 was discussed, which would enhance penalties for public officials engaging in bid rigging, emphasizing the need for stricter enforcement of competitive bidding processes to curb misconduct within government contracts.
TX

Texas 2025 - 89th Regular

State Affairs Apr 23rd, 2025 at 10:04 am

House State Affairs Committee

Transcript Highlights:
  • Credit downgrades are a big deal because they raise the cost of borrowing capital.
  • Each year, we will need to borrow $4 to $5 billion in new debt to fund this build-out, but the credit
  • less debt at a better credit rating, and House Bill 5247
  • When we go down a notch in our credit rating, there is a
  • ...that have looked at these issues, and the credit ratings
Summary: The committee meeting was marked by discussions on several key legislative measures, particularly focusing on amendments to emergency powers and local food vendor regulations. A highlight was the presentation of SJR 40 by Representative Slauson, aimed at redefining how the state handles emergency declarations and asserting legislative authority beyond the traditional session times. This proposal elicited significant interest and debate among committee members, emphasizing the need for a more responsive governance framework to better handle future crises like COVID-19. In regards to food regulations, House Bill 2844 was discussed, seeking to streamline licensing requirements for food trucks operating across multiple jurisdictions. Testimony included perspectives from both supporters advocating for fewer regulatory hurdles and critics warning about potential public health risks.
TX

Texas 2025 - 89th Regular

Natural Resources Mar 19th, 2025 at 08:00 am

House Natural Resources Committee

Transcript Highlights:
  • The underlying credit would be what supports the debt service.
  • It's the underlying credit that also informs the credit rating that goes into effect.
  • It's a AAA credit union, which is...
  • How does the PUA being newly formed create or get a credit rating? It's the underlying credit.
  • Their credit rating will come on as part of the PUA.
Summary: The committee meeting addressed critical water infrastructure issues, focusing primarily on H.J.R. 7 and HB 1400. Members emphasized the urgent need for dedicated funding to tackle Texas's impending water crisis, as population growth and drought significantly strain current water resources. Notable discussions included testimonies from representatives of the Environmental Defense Fund and the Texas Alliance of Groundwater Districts, who expressed strong support for these bills, underlining their importance in improving groundwater management and funding scientific approaches to water conservation. The committee highlighted the necessity of equipping groundwater conservation districts with resources to ensure robust groundwater science and research.
TX

Texas 2025 - 89th Regular

Corrections Mar 26th, 2025 at 10:30 am

House Corrections Committee

Transcript Highlights:
  • marker="619" data-time="3708"> The issue is that judges often do not grant diligent participation credit
  • However, TDCJ has no authority to grant the diligent participation credit.
  • ...any sort of good time or diligence participation credit
  • 652" data-time="3906"> ...that if somebody does what they're supposed to do, then they'll get the credit
  • My question is: has the Intelligent Work Program credit not been given?
Summary: The recent meeting of the committee primarily focused on two bills, HB1482 and HB2341, aimed at addressing public safety and rehabilitation in the context of repeat offenders, particularly in relation to intoxicated driving offenses. The discussions highlighted personal testimonies from victims' families and experts advocating for stricter accountability measures against repeat offenders. Representative Leo Wilson emphasized the necessity of such laws to prevent future tragedies stemming from intoxicated driving, citing heart-wrenching cases that have affected the community. The committee also heard contrasting views regarding the effectiveness of increased incarceration versus rehabilitation efforts for offenders, with calls for a balanced approach to ensure public safety without neglecting rehabilitation needs.
TX

Texas 2025 - 89th Regular

Intergovernmental Affairs Apr 22nd, 2025 at 08:04 am

House Intergovernmental Affairs Committee

Transcript Highlights:
  • tax credits to housing developers.
  • tax credit program.
  • the overall number of tax credits.
  • So although tax credit developments are going to be...
  • credits to investors.
Summary: The meeting of the Intergovernmental Affairs Committee was focused on various housing-related bills, including HB411, which seeks to prevent discrimination against tenants based on their source of income, particularly targeting landlords who refuse Section 8 or other housing vouchers. Representative Rosenthal presented compelling arguments advocating for the bill, highlighting the discriminatory practices that disproportionately affect low-income families, including veterans. The discussion included public testimonies that underscored the vital need for housing reforms to provide a fair chance at stable housing for those relying on assistance programs.
TX

Texas 2025 - 89th Regular

Business and Commerce (Part II) May 1st, 2025

Senate Business & Commerce Committee

Transcript Highlights:
  • "1332"> would be forced to operate, making them take cash even if they didn't want to, accept all credit
  • of the Texas Credit Union Association.
  • At the time, I worked for a company that sold a hybrid loan with a lower payment option through credit
  • The Credit Union mission is people helping people, and helping members make these large purchases is
  • Often, credit unions are willing to take a risk on a consumer at a lower rate when others won't because
Summary: The committee meeting focused heavily on the discussion surrounding HB149, an act aimed at establishing a comprehensive framework for the regulation of artificial intelligence (AI) in Texas. The bill seeks to ensure that AI technologies are developed and deployed in a manner that is both innovative and responsible, addressing potential harms while protecting individual rights and privacy. Chairman Schwartner led the conversations, emphasizing the importance of balancing regulatory measures with the need for technological advancement. Several stakeholders, including legal experts and industry representatives, provided testimony in support of the bill, praising its potential to position Texas as a leader in AI governance. Public testimony reflected a mixture of support and caution, with some witnesses advocating for greater accountability and regulatory oversight to mitigate risks associated with AI systems.
TX

Texas 2025 - 89th Regular

State Affairs Apr 7th, 2025 at 08:00 am

House State Affairs Committee

Transcript Highlights:
  • He worked through a dual-diagnosis program for 8 ½ months.
  • out-of-pocket for in-network, dual-diagnosis treatment.
Bills: HB28, SB3
Summary: The meeting primarily focused on discussions surrounding HB28, which aims to regulate the hemp market in Texas following the 2018 Farm Bill. The committee heard testimonies from stakeholders including industry advocates and law enforcement representatives. Notably, there were opposing views on the efficacy and safety of the proposed regulations, particularly concerning the potential impact on children and the risks associated with unregulated THC products. Many witnesses emphasized the need for a balanced approach to ensure consumer safety while allowing responsible adult access to THC products.

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