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A
Fantastic
well,
then
welcome
everybody
to
the
senate
committee
on
growth
and
infrastructure.
Will
the
secretary
call
the
role.
C
A
Here
please
mark
senator
spearman
and
sandra
hammond
present
as
they
arrive.
There
are
three
members
we
have
quorum
before
I
begin.
I
want
to
run
through
some
of
the
new
procedures,
since
this
is
our
first
in-person
meeting
this
session.
Audience
is
limited
to
nine
persons,
not
including
a
press
person.
Social
distancing
and
face
coverings
are
still
required
in
order
to
appear
in
person,
you
must
be
registered
on
nellis
and
permitted
to
enter
the
building.
Of
course,
that
requires
either
a
vaccination
or
a
free
covet
19
test
outside
of
the
building.
A
Only
one
person
may
approach
the
microphone
at
a
time
and
please
allow
for
cleaning
of
the
table
between
speakers
to
prevent
audio
issues.
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anyone
in
the
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is
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sound
on
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device
you're
using
everyone
should.
Please
me
their
cell
phones,
tablets,
wherever
you
may
be,
for
those
participating
via
zoom.
Please
be
sure
to
mute.
Your
microphones
when
you
are
not
speaking,
we
have
a
few
options
for
public
engagement.
A
A
Nellis
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hesitate
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contact
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committee
manager
at
the
email
address
or
phone
number
listed
on
the
agenda
and
again,
as
always,
please
be
courteous
and
respectful
with
others
during
the
meeting.
Even
if
you
disagree
with
another's
person's
position,
so
we
will
go
ahead
and
now
go
to
our
first
business
of
the
day.
A
That's
a
hearing
on
ajr7
and
I
see
via
zoom.
We
have
assemblywoman,
shannon
bilberry
axelrod
go
ahead
and
begin
when
you're
ready.
D
D
According
to
the
nonpartisan
congressional
budget
office,
revenues
to
the
federal
highway
trust
fund
have
fallen
short
of
federal
spending
on
highways
for
more
than
a
decade.
If
excise
tax
on
fuel
were
continued,
we
were
to
continue
at
the
current
rate
and
funding
for
highway
and
transit
programs
were
to
increase
annually
at
the
same
rate
of
inflation
by
2030
total
accumulated
budget
shortfalls
for
the
highway
trust
fund
alone
would
total
189
billion
nationally
and
that's
just
the
highway
fund.
D
This
doesn't
take
into
account
the
fact
that
the
term
infrastructure,
as
we
were
thinking
about
it
properly,
refers
to
airports,
transit
bridge
dams,
energy,
infrastructure,
solid
waste,
waste,
wood,
waste,
water
treatment
plants
and
america.
The
american
society
of
civil
engineers,
reviews
and
evaluates
infrastructure
of
each
state
and
the
united
states
as
a
whole
on
an
annual
basis,
providing
a
report
card
intended
to
give
a
snapshot.
D
D
D
phrase
differently,
this
la
this
lack
of
investment
in
infrastructure
today
will
cost
the
average
american
household
three
thousand
three
hundred
dollars
per
year
or
sixty
three
dollars
a
week
by
2039
in
nevada.
The
state
is
facing
the
following:
cost
estimates
for
rehabilitation
and
future
maintenance
of
various
infrastructure
for
critical
dams,
40
million
drinking
water
infrastructure
over
5
billion
over
the
next
20
years,
and
for
the
backlog
of
road
and
bridge
repairs,
mostly
in
rural
nevada.
D
Nearly
450
million
assembly
joint
resolution
7
urges
the
congress
of
the
united
states
to
pass
house
resolution
6422
of
the
116th
congress,
which
is
more
widely
known
as
the
national
infrastructure
bank
of
2020..
This
is
a
funding
model
that
has
been
successfully
employed
four
times
in
our
nation's
history.
It
requires
a
minimal
amount
of
initial
appropriation,
but
is
ultimately
designed
to
be
budget
neutral.
Let
me
say
that
again,
it
is
budget
neutral
before
I
turn
my
time
over
to
my
co-presenter
to
further
explain
how
national
infrastructure
bank
works
and
how
it
may
benefit
nevada.
D
Today,
nearly
35
other
states
have
followed
suit
by
implementing
infrastructure
banks
of
their
own
infrastructure.
Banks
remain
a
popular
method
of
meeting
long-term
need
to
close
infrastructure
funding
gaps
and
the
national
infrastructure
bank
may
be
able
to
accomplish
those
same
goals
with
your
tariffs.
D
With
chairs
permission,
I
would
like
to
invite
alfaeka
matardi,
who
is
a
micro
economist
for
the
coalition
for
the
national
infrastructure
bank,
to
further
further
explain
the
provisions
of
this
matter,
and
we,
I
believe
we
also
have
the
state,
treasurer's
senior
op
officer
policy,
analyst
eric
mendez
on
the
line
as
well.
Who
will
be
able
to
answer
questions
when
I
presented
this
in
the
assembly,
we
did
have
a
treasurer
conan
who
testified
as
well,
but
unfortunately
he
had
a
conflict,
but
the
treasurer's
office
is
in
full
support.
E
Very
much
assemblywoman,
so
my
name
is
alpheka
mutardi
and
I'm
a
macro
economist.
I
worked
for
25
years
at
the
international
monetary
fund
and
now
I'm
the
lead
economist
of
on
this
national
infrastructure
bank
proposal.
So
I
do
have
a
few
slides
to
kind
of
show
you
how
the
bank
works
and
give
you
a
feel
for
what
we
cover
in
nevada.
E
The
the
the
resolution
before
you
urges
members
of
congress
to
pass
a
bill
that
was
introduced
last
year.
H.R
6422
this
bill
would
create
a
four
to
five
trillion
dollar
public
bank
to
lend
for
infrastructure
projects
all
across
the
united
states.
E
It
was
introduced
by
congressman
danny
davis
from
illinois,
with
some
democratic
co-sponsors
in
the
last
congress,
but
we
are
now
seeking
to
have
it
reintroduced
into
the
current
congress
with
republican
and
democrat
support,
because
we
think
that
it's
a
very
complimentary
measure
for
other
things
that
are
being
discussed
today.
E
We
have
the
reason
we
need
a
bank
at
all
is
because
we
simply
have
not
been
able
to
finance
infrastructure
through
federal
state
or
local
budgets
or
through
the
federal
budget
as
well.
Actually,
the
concept
of
a
national
infrastructure
bank
has
been
done
four
times
successfully
before
there
was
the
first
bank
of
the
united
states
under
george
washington
and
alexander
hamilton.
They
built
rose
bridges,
canals
in
our
first
industrial
centers.
E
We
had
a
second
bank
of
the
united
states
under
two
presidents,
but
expanded
significantly
under
john
quincy
adams
built
more
infrastructure,
a
third
set
of
banks
under
abraham
lincoln
financed
things
like
the
transcontinental
railroad,
and
then
there
was
the
fourth
really
large
reconstruction
finance
corporation
that
helped
to
get
us
out
of
the
great
depression
and
win
world
war
ii.
So
it's
not
a
new
concept
and
it
has
been
done
successfully
to
meet.
Our
infrastructure
needs
this
iteration
around.
E
What
we
did
was
to
go
to
the
same
report
that
assemblywoman
just
mentioned
the
american
society
of
civil
engineers,
who
gave
a
report
card
for
17
different
categories
of
infrastructure,
but
also
what
the
engineers
did
was
to
cost
out.
What
is
the
total
need
in
our
country
in
these
for
these
categories
and
they
estimated
that
we
need
at
least
6.1
trillion
dollars
over
a
10-year
period
and
they
further
estimated
that
maybe
three
and
a
half
trillion
is
already
slated
to
be
funded?
What
do
they
mean
by
that?
E
That
means
through
state
county
city,
budgets
or
utilities,
or
airports
or
transportation
authorities
going
and
seeking
private
funding,
and
then
they
they
provide
about
three
quarters
of
our
infrastructure
financing
today
and
then
also
the
federal
government
provides
about
one
quarter.
So
I
lined
up
the
president
biden's
infrastructure
plan
that
he's
currently
negotiating
with
congress
members
of
congress
so
that
you
can
see
the
relative
size
of
it.
E
It
comes
out
at
two
and
a
quarter
trillion
dollars,
but
only
about
less
than
a
trillion
is
for
infrastructure
proper
in
these
categories,
so
whatever
refinancing
authorization
would
be
included
in
this
already
funded
amount.
That
means
that
2.6
trillion
dollars
is
definitely
not
financed
by
any
means,
and
that
includes
a
whopping
1.2
trillion
for
surface
transportation
and
1.1
trillion
for
water
infrastructure.
E
So
we
want
our
infrastructure
bank
to
be
able
to
cover
all
of
the
financing
gap,
that's
left
over
after
state
and
local
governments
and
federal
government
putting
their
parts,
and
then
we
also
have
expanded
our
definition
to
include
affordable
housing,
high-speed
rail
network
everywhere
and
broadband
and
some
large
water
projects.
So
all
together,
we
hope
the
bank
will
be
reconfigured
to
provide
funding
for
five
trillion
dollars
worth
of
infrastructure.
E
This
is
essentially
this
little
flowchart
on
how
the
bank
works.
It
is
incorporated
as
a
us
government
corporation
just
like
fdic
and
the
export
import
bank
are,
but
it's
also
a
deposit-taking
bank.
So
it's
helpful
to
think
of
it
like
a
commercial
bank,
it's
giving
loans
just
for
infrastructure,
but
it
operates
like
a
commercial
bank.
So
in
order
to
have
a
commercial
bank,
what
you
need
to
do
is
you
need
to
capitalize
it
and
sort
of
a
ratio
of
one
to
ten
one
dollar
in
capital
to
ten
dollars
in
loans.
E
Instead
of
going
to
the
federal
budget
to
capitalize,
we
go
to
the
private
sector
and
ask
them:
would
they
like
to
sell
us
temporarily
their
treasuries
into
the
nib?
In
exchange
for
an
equivalent
of
preferred
stock
in
the
bank,
the
the
preferred
stock
would
pay
an
extra
two
percent.
It
would
initially
come
off
the
federal
budget,
but
be
re
reimbursed
every
year
back
out
of
the
interest
earnings
from
the
loans.
E
That
means
that
this
bank,
with
respect
to
the
federal
budget
is
budget
neutral,
does
not
require
any
new
debt
taxes
like
a
gas
tax
and
does
not
create
any
new
debt.
The
next
the
next
part
of
the
process
is
that
state
and
local
governments
can
come
in
for
whatever
kind
of
configuration
of
loans
they
need
in
the
transportation,
energy
and
community
development
areas.
Each
time
they
would
ask
for
a
loan.
E
The
the
bank
would
put
that
up
on
the
loan
side
of
its
books
as
an
asset
and
then
create
an
offsetting
deposit
on
the
liability
side.
That's
actually
creating
the
money
that
is
given
out
in
the
loans.
The
bank
would
charge
a
really
low
rate
of
interest,
the
treasury
bond
rate
that
would
be
very
competitive
with
municipal
bonds
and
so
forth,
and
keep
the
financing
costs
for
these
borrowings
down.
E
Essentially,
this
is
kind
of
like
getting
free
money
because
those
interest
rates
are
below
even
the
cost
of
inflation,
and
you
can
get
long-term
and
very
flexible
borrowing
terms
from
the
national
infrastructure
bank.
The
projects
would
be
the
ones
that
we
listed
on
the
previous
table.
E
We
know
that
for
every
dollar,
that's
that's
borrowed
and
spent
on
an
infrastructure
project.
It
plows
back
three
to
seven
dollars
back
into
the
economy.
That's
new
gdp,
which
will
stimulate
economic
growth.
We
will
really
be
able
to
supercharge
economic
growth
with
this
level
of
spending,
and
then
the
federal
budget
will
capture
its
share
of
that
new
gdp
in
income
taxes
and
other
taxes
and
and
several
states
and
local
governments
capture
their
share
in
order
to
pay
back
the
loans.
E
The
benefit
of
the
bank
is
as
as
follows:
when
you
spend
up
to
five
trillion
dollars,
repairing
your
infrastructure,
you're,
going
to
create
up
to
25
million
new
direct
and
indirect
jobs
as
a
result
of
the
the
contracts
and
the
projects
and
the
construction
and
the
re-spending
in
the
economy
as
well.
These
new
jobs
will
be
mostly
blue
collar
type
jobs
that
will
employ
85
percent
of
the
new.
E
These,
these
jobs
created
will
be
for
people
with
a
high
school
associate's
degree
or
less
so
it
will
be
hiring
people
with
college,
with
high
school
diplomas
and
and
and
special
specialized
training.
We
will
also
provide
specialized
training.
The
the
projects
must
pay
david-based
vacant
wages
and
they
must
buy
america
only.
This
will
stimulate
economic
development
within
within
the
united
states,
and
new
manufacturing.
E
Centers
there'll
be
a
strong
emphasis
in
this
bill
on
not
replacing
road
transportation,
but
complementing
it
with
a
new
rail
system,
and
so
it
would
envisage
things
like
a
high-speed
rail
lot.
The
high-speed
rail
line
between
los
angeles
and
las
vegas
stretching
all
the
way
up
to
to
the
new
york
area
and
then
other
legs
of
the
high
school
rail
system
as
well.
E
It
will
do
a
lot
of
community
development
as
well
this
bank,
so
it
will
be,
has
a
special
provision
in
it
to
help
native
american
lands
to
do
rural
development,
and
that
includes
rolling
out
broadband
everywhere,
all
across
the
united
states
and
inner
city
community
development
too,
and
provide
new,
affordable
housing
units.
So
that's
kind
of
it
in
a
nutshell
and
we'll
be:
we've
provided
a
document
with
all
these
slides
on
it.
For
for
you
to
look
at
if
you
would
so.
D
And
with
that,
madam
chair,
I
would
stand
for
questions
and
I
would
encourage
your
members
to
take
a
look
at
the
exhibits
that
we're
on.
I
don't
know
if
we'll
have
as
much
testimony
as
we
did
on
the
other
side,
but
as
you'll
see
the
the
bill
it
has
bipartisan
support
and
even
our
testimony,
if
you
you'll
notice,
was
quite
bipartisan
as
well,
which
was
which
was
nice.
So
with
that
I
stand
for
questions.
A
All
right
do
any
committee
members
have
questions
senator
spearman.
F
Thank
you,
madam
chair
someone,
woman,
bilbray
axelrod
how
you
doing
this
looks
like
a
really
good
bill.
Just
a
couple
of
questions,
though,
and
I
looked
at
the
washington
post
article-
I
saw
it
when
it
came
out
in
february
the
jobs
that
aren't
coming
back.
So
the
first
question
is-
and
I
think
I
think
we
might
have
already
answered
it-
the
economic
multiplier
is
between
three
and
seven
dollars
for
every
one
dollar.
Okay,
so.
F
I'm
sorry
yes,
so
so
the
next
one
is
one
of
the
things
that
the
article
talked
about
was
people
who
are
older,
and
I
know
in
some
of
our
service
sectors,
the
average
age
is
something
like
47.
F
and
so
for
them,
the
money
not
to
be
able
to
retrain
would
be
a
barrier.
So
when
we
talk
about
this,
you
know
and
what
cities
and
and
other
government
entities
might
be
able
to
do.
Are
we
talking
about
money
to
retrain
those
who
are
older,
even
if
they
have
a
sellable
or
marketable
skill?
F
F
Is
there
anything
that
you
see
in
this
resolution
that
could
possibly
make
sure
that
the
diversity
includes
age
and
gender,
because
women
have
been
the
hardest
hit
in
this
pandemic?
F
E
Actually,
we've
taken
most
of
your
questions
into
account
and
the
design
of
the
bank,
so
for
the
record,
so
we
will
be
complementing
federal
programs.
E
Labor
unions,
who
are
very
willing
and
able
to
scale
up
training,
that's
provided
on
the
job
at
no
cost.
They
will
be
attracting
all
kinds
of
workers
who
want
to
re-enter
the
workforce
and
maybe
retrain
themselves
in
a
new
field,
because
some
of
those
older
fields
are
may
not
be
coming
back.
E
So
we
actually
had
a
webinar
on
our
coalition
website
last
last
week
on
how
we
would
do
all
of
this
free
training
and
we're
very
confident
that
we
can
pick
up
the
training
as
well.
So
then,
with
respect
to
gender
and
minority
groups,
we
have
specific
language
in
there
to
that.
The
bill
must
comply
with
titles
of
six
and
seven
of
the
civil
rights
act
and
also
with
disadvantaged
business
enterprises
and
accentuating
small
provision
of
contracts
to
small
businesses.
E
Women-Owned
businesses
to
do
this
new
construction
work
to
roll
it
out
in
a
in
a
just
a
manner
to
all
neighbor
neighborhoods.
A
C
He
made
him
chair
and,
and
thank
you
so
many
women
for
bringing
the
bill.
This
has
been
an
interesting
or
a
topic
of
interest
of
mine
for
many
years.
A
couple
decades
ago
I
worked
for
a
top
enr
or
an
enr
top
25
company
on
various
infrastructure
projects.
C
So
I
have
some
construction
experience
in
this
area,
but
you
know
the
the
thing
that
is
constantly
being
batted
back
and
forth
is
the
practical
realities,
as
it
pertains
to
our
experience
with
infrastructure
banks
in
the
past,
and
so
I'm
wondering
you
know,
because
before
I
I
think
it
was
in
the
late
90s
or
early
2000s,
where
many
states
had.
I
think
there
were
like
30
or
so
states
that
had
state-run
infrastructure
banks,
and
then
they
gave
loans
out
at
zero
or
near
zero
percent
interest.
C
E
That's
also
a
great
question.
Thank
you.
So
this
the
history
was
state
infrastructure.
Banks
was
was
really
that
there
were
two
kinds
there.
There
was
the
first
ones
that
were
set
up
in
the
early
2000s
that
were
revolving
funds,
and
they
were
seated
with
money
from
state
budgets
in
small
amounts
and
mostly
what
ended
their
their
useful
lifetime
is
the
fact
that
they,
just
simply
they
did
they
weren't
large
enough
and
they
simply
ran
out
of
money
to
lend.
E
E
Those
state
banks
will
also
probably
be
of
a
smaller
nature
and
may
not
be
able
to
take
on
very
large
projects
like
high-speed
rail
projects,
large
large
mega
projects
that
go
across
state
or
go
across
state
lines.
So
this
bank
will
be
able
to
then
interface
with
the
the
local
state
banks
to
let
them
do
the
retail
part
of
the
lending
with
the
customers
that
they
know,
and
then
we
could
provide
the
mezzanine
financing
in
the
background.
E
So
we
we
really
look
to
it
as
a
matter
of
scale
to
be
what
we've
done
is
to
go
back
and
cost.
What
our
total
needs
are
and
then
make
our
bank
large
enough
to
cover
all
of
those
needs
and
that's
the
way
that
the
four
large
infrastructure
banks
in
our
nation's
past
that
were
very
successful
and
were
all
ended.
Their
their
tenure
in
the
black
worked.
C
Right
and-
and
I
appreciate
that-
and
I
agree
scale
makes
a
lot
of
sense,
but
then,
of
course,
we
look
at
there's
been
a
big
push
for
high-speed
rail
between
southern
california
and
nevada
for
decades,
and
even
when
we
backstop
that
with
guaranteed
funds,
they
could
never
make
a
pencil
out.
C
How
is
the
existence
of
the
bank
going
to
change
the
financial
side
of
that?
How
how
does
the
existence
of
this
lending
make
somehow
the
ridership
go
up
and
and
make
it
a
profitable
business?
I
mean
we're
looking
in
las
vegas
at
the
phenomenal
success
of
the
oh
golly.
What's
the
the
rail,
the
monorail
right,
they've
they've
been
in
the
red
from
the
beginning
and
and
have
remained
in
the
red
ever
since
we
can't
seem
to
make
it
work
in
southern
nevada.
E
So
it
really
pays
to
look
at
the
success
where
they've
gone
at
it,
really
in
a
large
fashion,
like
china
and
how
that
really
propelled
their
economic
development.
They
have
infrastructure
banks
over
there
in
china
and
they've
doubled
their
coverage
of
high-speed
rail
across
their
country
and
related
it
to
their
road
and
belt
initiative
to
to
jump
start
economic
development.
And
when
you
look
at
even
before
and
after
pictures
of
how
that
grew,
it
was
really
quite
phenomenal.
E
So
what
it
is,
it's
just
simply
a
matter
of,
I
think
scale
they're,
putting
now
eight
and
eight
percent
or
more
of
their
gdp
into
infrastructure
investments.
Europe
is
putting
in
five
and
a
half
percent.
They
also
have
an
infrastructure
bank
and
the
united
states
is
putting
in
less
than
two
and
a
half
percent.
So
with
these
rail
projects,
one
of
the
things
that
will
really
help
is
having
government
guarantees
where
the
financing
won't
back
out.
E
My
understanding
of
the
la
la
las
vegas
line
was
that
it
had
private
financing
and
then
when
the
covet
downturn
happened
and
the
economy
of
las
vegas
really
shut
backwards
went
backwards,
then
the
financing
was
pulled
out.
So
this
will
provide
sustainable,
long-term
financing
for
these
big
mega
projects
and
really
get
them
going
and
help
with
a
lot
of
mobilization.
E
That's
needed
to
use
to
to
do
a
new
start
for
something
like
a
big
high-speed
rail
system
in
the
united
states.
It'll
really
help
the
the
economy
of
nevada
of
of
of
the
cities
that
are
that
are
linked
to
and
and,
as
I
said,
we
can
see
the
before
and
after
pictures.
In
the
case
of
china,.
C
Right,
I
appreciate
that
I
just
I'm
actually
a
little
surprised
that
you
would
compare
it
to
china
if
only
because
they
don't
pay
prevailing
wage
that
david
or
they
don't
have
a
davis-bacon
act.
In
fact,
they
kind
of
go
the
opposite
direction,
and
so
it's
much
more
affordable
for
them
to
do
major,
and
when
I
say
major
I
mean
you
know
major
infrastructure
projects
which
would
be
prohibitively
expensive
in
the
united
states,
given
the
davis-bacon
requirement.
C
But
you
you
hit
on
an
interesting
point
and
that
is
our
our
gdp
spend
on
infrastructure,
and
would
it
is
the
plan
then,
for
the
infrastructure
plan
that
I
forget
how
many
trillions
it
is.
That's
currently
being
floated
in
washington
that
that
would
that
money
would
flow
into
the
infrastructure
bank
and
then
they
would
finance
these
deals
with
that,
or
is
that
separate
and
this
would
be
on
top
of,
and
so
if
okay
you're
nodding.
So
if
that's
on
top
of
how
do
we
fund
this?
C
No,
the
banks,
since
we're
talking
about
the
bank.
I
have
no
idea
well,
I
know
how
they're
likely
to
fund
the
biden
plan,
but
I'm
not
sure
that
the
printing
office
can
put
out
enough
for
two
of
them.
How
do
we
fund
the
projects
in
this
bank?
If
it's
not
coming
from
the
infrastructure
plan?
Is,
I
guess,
a
better
question.
E
Yeah,
so
the
biden
plan
is
a
spending
plan
and
then
it's
that
and
then
it's
probably
going
to
be
a
finance
at
some
point
with
new
taxes,
I
don't
think
they'll
do
any
more
deficit
spending
for
the
infrastructure.
The
national
infrastructure
bank
is
a
different
concept
altogether.
It
is
a
deposit-taking
bank
and
the
beauty
of
deposit
taking
banks
is
that
they
can
actually
create
money
each
time
they
give
a
loan.
It's
a
little
bit
magical,
but
90
of
our
money
supply
is
created
by
commercial
banks.
E
When
somebody
comes
in
for
a
loan-
and
this
part,
this
bank
would
be
no
different
to
capitalize
the
bank.
We're
not
going
to
ask
for
federal
government
outlays,
we're
going
to
go
to
the
private
sector
to
get
the
capitalization
and
then
we'll
give
out
money.
Just
like
a
commercial
bank
does
when
it
gives
out
loans.
E
Yes,
the
first
bank
of
the
united
states
was
was
capitalized
in
about
one
week,
and
we
think
that
this
one
would
also
be
capitalized
very
quickly,
because
we
only
need
about
500
billion
to
capitalize.
It
we'll
be
paying
an
extra
two
percent
and
we
think
that
pension
funds
and
anybody
that's
holding
treasuries,
which
have
earned
very
low
amounts
for
these
long-term
savers,
would
be
very
interested
to
invest
in
the
bank.
E
C
All
right,
thank
you
and
thank
you,
madam
chair.
I
just
I,
I
thought
the
first
bank
of
the
united
states
failed
and
andrew
jackson
came
back
with
another
version
that
finally
took
off,
but
my
memory
isn't:
history
isn't
like
senator
hansen
so
anyway.
Thank
you,
madam
chair.
A
H
H
H
I
Madam
chair
and
committee,
my
name
is
lynn
chapman,
I'm
the
state
treasurer
of
the
independent
american
party,
and
we
are
in
support
of
ajr7.
Our
infrastructure
is
in
dire
need
of
help.
I
happen
to
have
read
an
article
just
prior
to
the
first
meeting
of
this
bill,
and
it
was
about
our
nation's
terrible
infrastructure
and
in
the
article
our
infrastructure
was
described,
as
quote
third
world
and
in
desperate
need
of
upgrading.
Unquote,
our
roads
are
not
the
only
part
we
have
to
worry
about
power
and
water
come
to
mind.
I
The
terrible
winter
storms
in
early
february
left
at
least
12
people
dead,
and
also
the
temperatures
went
below
zero
degrees
in
parts
of
texas
and
it
put
the
elderly
and
the
infants
at
high
risk.
If
we
can't
find
a
way
that
won't
hurt
or
if
we
can
find
a
way
that
won't
hurt
families
budgets
but
actually
to
help
fix
the
infrastructure
problem,
we
should
go
forward.
It
has
been
used
before
with
much
success.
I
H
H
J
Good
afternoon
this
is
janine
hanson
j,
a
n
j-a-n-I-n-e-h-a-n-s-e-n.
I
am
the
state
president
of
nevada
families
for
freedom.
Har-7
provides
a
creative
way
to
create
jobs
and
revive
the
economy
without
dollars,
without
tax
dollars
or
debt.
Right
now,
the?
U
s
in
order
to
get
money
into
the
economy,
borrows
money
from
the
private
federal
reserve
bank
which
charges
interest
on
the
money.
Then
the
u.s
treasury
prints
the
dollars
and
the
u.s
taxpayers
pay
the
interest.
J
This
current
process
will
never
allow
us
to
pay
off
the
national
debt,
starting
with
alexander
hamilton
and
the
first
bank
of
the
united
states.
The
united
states
used
the
creative
power
of
government
and
created
credit
for
americans,
which
cost
the
taxpayers
nothing.
Through
this
successful
program,
the
federal
government
paid
off
the
war
debt
for
the
war
for
independence,
henry
clay,
who
served
in
the
u.s
house
of
representatives
from
1806
to
1852
and
ran
for
president
supported
this
idea,
calling
it
the
american
system,
which
was
to
fund
national
production
with
sovereign
u.s
money
and
credit.
J
President
abraham
lincoln
printed
the
u.s
green
backs
through
the
u.s
treasury,
which
helped
to
pay
for
the
civil
war.
Using
these
same
ideas,
this
allowed
him
to
avoid
borrowing
the
money
from
british
banks
and
paying
them
interest.
President
franklin:
roosevelt's
reconstruction
finance
corporation
1932
to
1957,
use
these
same
principles
to
build
infrastructure
to
help
get
the
us
out
of
the
great
depression
depression
without
using
additional
tax
dollars
or
going
into
debt
to
the
federal
reserve
bank.
J
H
K
Good
afternoon
rob
benner
r-o-b
b-e-n-n-e-r
with
the
northern
nevada
building
trades.
We
think
that
the
national
infrastructure
bank
has
the
potential
to
rebuild
american
industry
and
create
millions
of
new
jobs
with
no
new
taxes
and
no
new
debt.
These
jobs
are
largely
in
construction.
Industry
will
use
project
labor
agreements
and
will
pay
davis-bacon
wages
with
full
benefits.
H
A
H
A
All
right,
please,
let's
check
if
anyone
like
to
testify
in
the
neutral.
H
H
H
L
L
I
have
been
living
in
california
for
25
years
and
what
I've
noticed
is
a
lot
of
the
public
money
for
state
and
local
has
been
wasted
on
public
employees
and
pensions
that
would
have
gone
to
infrastructure.
This
is
one
of
the
reasons
why
nevada
has
better
especially
highways
and
freeways
in
the
state
of
california.
L
So
I
think
that
passing
federal
infrastructure
programs
it
encourages
this
ugly
incentive
and
she's
also
talked
about
high-speed
rail.
It
really
depends
on
the
cause,
the
speed,
the
efficiency,
because
the
one
in
california
has
wasted
so
much
money
that
they
had
to
essentially
cancel
it.
So
I
really
don't
want
a
complete
boondoggle
and
you
know,
she's
talked
about
also
raising
taxes
like
who
are
they
to
specifically
raise
taxes.
L
Now,
if
it's
wall
street
and
many
of
the
large
corporations
like
mgm
resorts
that
are
having
tax
havens,
then
I
would
be
in
favor
of
that,
but
I
believe
a
lot
of
these
taxes
are
going
to
be
likely
regressive
and
it's
going
to
harm
the
middle
class
and
then
she's
also
talked
about
all
the
credit
market
expenses.
How
long
can
this
continue?
Our
national
debt
is
increasing
at
very,
very
high
levels
faster
than
gdp
levels.
L
When
is
this
finally
going
to
have
to
hit
a
break
and
our
economy
is
so
disproportionately
uncredited
interest
rates
go
up.
I
think
it's
going
to
be
game
over
not
just
for
the
u.s
government,
but
even
the
state
and
local
governments
and
in
fact,
one
of
the
largest
components
of
our
economy
in
las
vegas,
which
is
housing
development.
The
rates
go
up,
it's
going
to
burst
the
real
estate
bubble,
so
I
think
we
should
really
really
be
careful.
I
think
public
infrastructure
is
important,
but
it
depends
on
how
we
do
it.
Thank
you
so
much.
A
D
Thank
you
chair
harrison
committee
and
I
appreciate
the
robust
questions.
This
has
been
a
really
fun
process
for
me
getting
to
work
with
the
people
on
the
national
level.
I
know
it
was
mentioned
that
the
bill
came
in
2016
and
I
think
everyone
thought
it
was
just
such
a
good
deal
that
it
would
just
go
through
no
problem,
but
it
is
a
little
you
kind
of
have
to
take
a
deep
dive
to
really
understand
how
creative
this
bill
is
and
really
what
it
can
do
for
our
nation.
D
So
I
think,
with
with
this
joint
resolution
passing
and
passing
in
several
other
states,
it
will
really
encourage
congress
to
look
at
this
and
and
and
do
this
and
I
think
it'll
be
great
for
nevada.
So
thank
you
to
my
to
alpha
for
testifying
with
me
and
thank
you
so
much
for
hearing
the
bill
I'm
available
if
anybody
wants
to
follow
up
as
well.
Thank
you.
A
G
G
482.38279,
so
currently,
the
commission,
on
special
license
plates
may
make
a
determination
that
a
charitable
organization
receiving
revenue
from
the
sale
of
a
special
license
plate
is
not
complying
with
certain
laws
governing
special
license
plates
and
may
recommend
that
the
dmv
suspend
number
one,
the
collection
of
all
additional
fees
collected
on
behalf
of
the
organization
and
number
two,
the
production
of
its
special
license
plate.
If
the
dmv
is
still
producing
that
design.
G
K
A
Okay,
seeing
none
we'll
go
ahead
and
open
up
testimony
once
again,
there
are
no
folks
in
the
room,
so
we'll
be
sticking
to
testimony
over
the
phone
lines
bps.
If
you
could
go
ahead
and
pull
the
line.
H
H
H
H
H
H
A
G
Thank
you,
chair,
sean
sever
from
the
dmv
I
didn't
have
any
just.
Thank
you
for
your
time
today.
A
B
B
Mr
lipka
will
take
you
through
a
brief
flight
deck
which
I
hope
has
been
provided
to
you
in
addition
to
several
pieces
of
written
support,
testimony
from
the
governor's
office
of
economic
development,
smith's
grocery
stores
and
zukes,
but
before
we
get
started,
I'd
like
to
provide
a
little
bit
of
context
on
this
bill.
The
intent
of
this
bill
is
to
update
sections
of
nrs
chapter
484
to
reflect
advancements
in
autonomous
vehicle
technology,
specifically
autonomous
vehicles
that
are
designed
for
transportation
of
goods.
M
Thank
you,
chair
harris
and
members
of
the
committee
for
the
for
the
opportunity
to
speak
today.
I'm
going
to
share
my
screen
here.
Let
me
know
if
you
can't
see
that
matthew
lipka,
representing
neuro
in
support
of
ab412.
M
A
little
bit
about
neuro
for
for
context,
neuro
is
a
robotics
company,
we're
building
a
fully
autonomous
on-road
vehicle
that
is
specifically
designed
for
delivering
goods.
We
have
this
vehicle.
It's
called
the
r2
that
you
see
pictured
here.
It
is
custom
designed
for
safety.
It
has
no
space
for
human
occupants
inside
of
it
and
the
vehicle
and
the
software
and
the
operations
are
all
done
by
neuro.
M
We
have
operated
this
service
in
partnership
with
retailers,
including
smith's
and
cvs,
to
deliver
groceries,
medicine
and
other
essential
goods
in
in
houston
and
in
scottsdale
arizona,
and
when
we
first
launched
that
service
in
2018
it
was
the
first
time
there
was
a
fully
autonomous
service
open
to
the
general
public.
M
We
the
way
that
this
technology
works
is
that
you
go
online
to
say
smith's
website.
You
say
I
want
milk
cheese
eggs
this
time
today.
The
vehicle
then
will
go
to
the
store
it'll
be
loaded
by
a
store
employee
with
your
items.
It
will
then
drive
to
your
to
your
address
and
you'll
get
a
notification.
A
text
message
that
we
are
at
the
curb
you'll
come
out
enter
a
private
pin
code.
The
relevant
compartment
door
will
open
and
you
will
grab
your
things
tap
done
and
it
drives
off
autonomously.
M
We
currently
have
are
serving
an
area
of
about
150
000
people
in
houston
and
we
plan
to
extend
expand
to
the
new
areas
in
the
future.
M
Over
the
last
year,
during
the
pandemic,
we've
seen
increased
demand
for
this
service
of
contactless
deliveries
in
in
our
commercial
services,
but
we've
also
partnered
with
food
banks
mass
to
do
to
do
deliveries
of
food.
Oh
we've
done
mass
deliveries
and
we
partnered
with
some
emergency
hospitals
in
california,
where
there
were
these
temporary
hospitals
that
we
could
bring
medical
supplies
and
linens
to
once
it
is
safe
to
do
so.
M
We
also
plan
to
resume
our
work
with
schools
and
local
robotics
clubs
that
we
partner
with
where
we
host
students
to
help
learn
about
the
technology
in
nevada.
We
have
plans
to
open
a
clark
county
testing
facility,
thank
you
to
governor
sislak
and
and
director
michael
brown
and
the
goad
team
for
for
all
your
work
to
help
make
this
facility
happen.
This
facility
will
create
jobs
and
investment
in
the
state,
and
it's
really
our
our
start
of
of
our
work
in
nevada.
M
M
M
M
M
M
You
see
here
some
statistics
from
a
report
put
out
by
the
transportation
economist
from
the
steer
group
in
the
fall
of
last
year,
where
they
calculated
in
the
10-year
period,
from
2025
to
2035
that
nationally
technologies
like
neuro
is
not
limited
to
neuro,
but
but
the
delivery
av
technology
could
create
several
million
jobs,
could
stimulate
economies
with
investment,
reduce
crashes
and
and
decrease
emissions
from
carbon,
as
well
as
local
air
pollution.
M
During
the
pandemic
in
houston,
we
we
are
operating
an
area
right
next
to
the
third
ward,
which
is
a
historically
black
community
in
the
city,
and
we
began
doing
deliveries
into
that
community
with
the
houston
food
bank
and
that
really
showed
us
that
by
partnering,
if
we
partnered
just
with
the
retailer
and
don't
go
beyond
the,
you
know
the
radius
right
around
them,
we
wouldn't
be
able
to
reach
people
in
food
deserts.
M
We
conducted
some
analysis
coming
out
of
this
and
we
learned
that
there's
20
million
people
who
are
low
income
and
live
in
food
deserts
nationwide,
and
we
determined
that
if
we
were
to
scale
everywhere
in
the
country,
our
technology
has
the
potential
to
reach
70
percent
of
them
within
30
minutes.
If
it
is
able
to
go
on
45
mile
an
hour
roads.
We
also
ran
those
numbers
for
specifically
the
las
vegas
metro
area,
where
there
are
125
000,
low-income
residents
that
live
in
food
deserts
and
with
the
ability
to
go
on
45
million
roads.
M
We
can
actually
reach
86
percent
of
those
or
about
107
000
people
ab412
would
update
vehicle
equipment
requirements
that
are
in
the
current
code
that
did
not
that
were
in
place
before
novel
vehicles
like
this
could
emerge.
M
In
addition,
ab412
would
define
a
term
neighborhood
occupantless
vehicle
as
a
low-speed
vehicle,
that's
not
designed
intended
or
marketed
for
human
occupancy.
Currently,
these
vehicles
are
permitted
on
roads,
with
a
speed
limit
of
up
to
35
miles
an
hour.
This
bill
would
enable,
under
certain
limited
circumstances,
the
vehicle
to
operate
on
roads
of
45
miles
an
hour
was
subject
to
those
safety
restrictions.
M
M
M
Why
is
this
bill
needed
now,
because
nevada
already
has
leading
legislation?
I
was
the
first
in
the
nation
to
adopt
av
legislation
and
has
been
updated
several
times
over
the
years
as
new
technologies
emerge.
Now
we
are
seeing
new
developments
that
merit
the
the
changes
proposed
by
ab412.
So
first
we
have
new
vehicle
designs.
M
A
Thank
you
so
much,
mr
lipka,
I
I
have
a
question
you
mentioned
that
you
are
already
operating
in
the
houston
area.
Did
you
have
to
get
a
bill
similar
to
this
passed
through
the
texas
legislature.
M
A
bill
is
current.
Similar
to
this
is
currently
pending
in
the
texas
legislature
in
texas.
The
requirements
do
not
apply
if
to
a
a
subset
of
these
requirements,
do
not
apply
to
a
vehicle
limited
to
25
miles
per
hour,
but
but
the
texas
house
committee
on
transportation
this
week
passed
a
bill
that
would
address
these
requirements
for
vehicles
over
25
miles
an
hour
in
nevada
that
distinction
of
not
applying
all
the
same
equipment
requirements
to
low-speed
vehicles
is
not
present.
A
Well
done,
mr
lipka,
thank
you.
Senator
pickard.
C
Thank
you,
madam
chair
you're,
undoubtedly
familiar
with
the
keolis
test
run
in
las
vegas,
where,
on
the
first
day
it
got
involved
in
an
accident
which
was
ultimately,
I
think,
the
fault
of
a
delivery
driver,
if
I
recall
correctly,
but
we
know
from
our
experience
with
other
semi-autonomous
vehicles
that
sometimes
the
software
and
the
equipment
doesn't
see
or
do
exactly
what
it
should
because
of
human
error
in
the
in
the
design
and
the
structure,
the
the
construction
of
the
the
system.
So
my
question
as
a
recovering
trial
attorney
is
who's
at
fault.
C
M
Matthew
lipka
from
neuro,
so
the
law
passed
in
2011
by
nevada
deals
with
liability
and
on
autonomous
vehicles,
and
that
would
not
be
changed
anyway
by
this
bill
that
that
law,
I
believe,
states
that
the
the
basically
preserves
existing
responsibility,
so
whoever
is
at
fault
is
responsible
if
it
is
the
operator
of
the
vehicle
of
the
autonomous
vehicle,
whether
you
know
it's,
the
main
I
mean
neuro's
case
for
the
manufacturer
of
the
vehicle
and
the
operator
of
the
vehicle
and
the
designer
of
the
software.
M
But
if
those
are
different,
it
would
depend
on
who's
at
fault.
If
it's
the
other
driver,
that's
at
fault,
then,
presumably
they
would
be
responsible,
and
so
there's
no
change
to
the
liability
structure
that
would
be
made
by
this
bill,
and
I
think
it
fits
well
in
the
existing
tort
law
system.
C
Well,
it's
interesting
that
you
say
that,
because
in
section
three
sub
three
is
it
yes,
it's.
It
suggests
that
if
the
the
vehicle
is
traveling-
and
this
is
the
45
hour
mile
per
hour
provision,
but
it
that
it's
operating
in
compliance
with
state
law
it
or
it's
assumed
that
it
is
operating,
it
complies
with
the
provisions
of
nrs
464b,
which
is
the
law
on
rules
of
the
road.
So,
basically,
what
we're
saying
is
we're
going
to
set
up?
C
It
doesn't
state
it
as
a
presumption
or
a
an
assumption
made.
But,
as
I
read
this,
it
creates
a
presumption
that
the
operator
was
complying
with
the
law
and
it's
not
at
fault.
So
doesn't
this
give
some
exculpatory
language
an
argument
to
make
that
nero
would
is
not
liable
for
any
accident,
because
there
we
start
with
a
presumption
that
they're
complying
with
the
law.
M
Matthew
lipka
of
neuro,
I
believe
the
intent
of
this
section
is
to
to
focus
on
the
the
the
notwithstanding
section,
two
section
two
would
limit
the
vehicle
of
which
I
mean
section
two
of
484
b637,
which
which
limits
it
to
35
miles
an
hour,
and
so
that
is
the
the
the
restriction
that
is
is
seeking
to
address,
as
well
as
any
minimum
speed
restrictions.
M
Matthew
lipka
of
neuro,
so
the
autonomous
vehicles
law
requires,
amongst
other
things,
compliance
with
all
rules
of
the
road
and
so
that
that
law
will
also
come
into
play
here
and
and
so
if,
if
the
vehicle
was,
you
know,
for
example,
operating
on
the
wrong
side
of
the
road
or
something
like
that.
That
would
be
a
violation
of
that
rule
and
so
that
could
that
could
come
into
play
there.
M
C
C
It
went
down
from
45
to
35
miles
an
hour,
and
yet
none
of
the
maps
and
the
automatic
systems
have
registered
that
so
there
may
be,
and
and
I'm
assuming
you
would
use
those
same
databases-
you're
not
going
to
go,
create
your
own
and
update
them
every
day
that
construction
or
or
the
state
or
the
the
local
government
might
change
a
speed
limit.
So
we're
building
into
this
a
presumption
that
the
vehicle
is
complying
with
the
law
when
maybe
it
isn't,
and
so
I'm
concerned
about
the
the
other
driver
who
not
anticipating.
C
M
Matthew,
let
go
of
neuro,
so
I
understand
the
concern
I
did.
You
want
to
just
briefly
note
that
we
actually
do
build
custom
maps
ourselves
everywhere
that
we
operate,
because
the
maps
of
that
are
commercially
available.
Don't
have
adequate
detail
for
our
for
our
software,
which
needs
to
know
down
to
the
centimeter
where
lines
are
and
so
forth,
and
and
because
we
operate
consistently.
We
we
do
have
the
ability
to
monitor
you
know
in
opera
areas.
M
We
operate
monitor
changes,
but
I
understand
your
concern
and
regarding
the
the
language
and-
and
the
intent
of
this
is
definitely
not
to
seek
exemption
from
from
from
generally
applicable
laws
other
than
this.
This
one
section
about
speed.
C
All
right,
thank
you.
I
appreciate
that.
I
mean
that
does
give
me
a
little
added
comfort,
and
so
I
assume
from
what
you're
saying
is
you're
going
to
operate
in
a
very
limited
area
or
a
well-defined,
I
should
say
in
a
defined
area.
So
if
somebody
from
gardnerville
calls
for
something-
and
you
haven't
set
up
the
maps
in
that
area,
that
you're
not
going
to
serve
them
and
then
you're
going
to
be
doing
regular
updates
so
anytime,
the
local
government
might
change
a
speed
limit
or
maybe
reroute
a
road
you're
going
to
be.
C
M
Matthew,
lipgrove
neuro.
Yes,
that
that's
correct!
So
if,
if
you
live
outside
the
service
area
and
you
go
to
smith's
website,
you
will
not
see
an
option
for
for
neuro
until
we
are
able
to
from
our
technology
reach
that
that
community
all.
F
Thank
you,
madam
chair,
so
I
just
have,
I
guess
a
question.
Well,
a
couple
questions.
You
mentioned
something
about
third
ward
in
houston,.
M
Matthew
look
of
neuro.
Yes,
we
were
working
with
the
houston
food
bank
during
the
pandemic
to
bring
food
to
needy
families
in
houston's,
third
ward,
and
that's
what
prompted
us
to
start
doing
that
research
on
food
deserts,
because
that
neighborhood
is
or
that
community
is
largely
a
food
desert.
For
most
of
that,
that
district.
F
So
my
real
question
is:
I'm
thinking
here
about
the
there
was
a
crash
in
houston,
ironically
enough
of
a
tesla
just
autonomous
vehicle,
and
it
was
speeding
when
it
hit
a
tree.
So
here's
my
question:
it's
not
going
to
be
passengers,
but
it'll
be
food
in
the
vehicles,
what
type
of
safety
levers
or
procedures?
If
any,
have
you
all
made
anticipated
as
a
result
of
this?
Maybe
you
were
doing
it
before
all
of
this
happened,
but
but
what
does
that?
What
does
that
look
like
in
terms
of
safety.
M
Matthew,
matthew,
lipkov,
neuro,
yes,
so
safety
is
totally
our
top
priority.
We
have
a
fully
autonomous
vehicle,
which
means
that
our
vehicle
does
not
re,
unlike
the
tesla
vehicle
that
you
refer
to,
does
not
rely
on
the
human
operator,
and
that
means
that
we
are
not
subject
to
the
the
same
issues.
I
I
don't
want
to
speculate
about
exactly
what
happened
there.
M
Obviously
it's
pretty
recent,
but
you
know,
issues
about
misuse
of
the
system
is,
is
not
applicable
to
a
vehicle
that
will
never
have
the
ability
for
a
human
to
drive
it.
So
we
do
a
number
of
things
on
safety,
so
one
of
the
most
important
is
because
it
is
always
operated
by
a
by
autonomous
system.
That
means
it
can
be
programmed
to
never
speed,
which
is
a
leading
cause
of
crashes.
M
Obviously
never
be
impaired,
never
be
distracted,
which
are
which
are
all
leading
causes
of
human
crashes,
so
the
software
can
be
designed
in
that
way.
The
second
is
having
the
ability
to
sense
in
all
in
360
degrees,
and
not
just
with
one
mode.
So
some
techno,
some
companies,
like
the
driver
assistance
system
you
referred
to-
is
limited.
Camera
that
is
more
limited
than
the
sensors
we
use.
M
We
have
six
different
kinds
of
sensors
on
our
vehicle,
including
lidar
radar,
short
and
long
range
cameras,
ultrasonic,
sensors,
audio
sensors
and
thermal
cameras,
and
all
those
different
sensors
come
together
and
can
be
fused
to
provide
a
much
more
detailed
picture
of
what's
going
on
around
us
and
make
sure
we
can
identify
other
objects
and
then,
in
the
vehicle
itself,
we've
designed
a
number
of
of
innovative
items
that
will
improve
vehicle
safety
even
beyond
the
avoiding
the
the
94
percent
of
crashes
that
are
caused
by
human
error
and
those
include
a
narrower
width
and-
and
just
as
an
example,
that's
one
is
that's
particularly
important
because
it
gives
us
an
extra
three
to
four
feet
to
maneuver
around
a
pedestrian
that
might
come
out
from
between
two
parked
cars,
or
something
like
that.
M
So
we
have
a
number
of
safety
features
that
we've
incorporated
the
front.
End
of
our
vehicle
is
actually
designed
to
look
like
a
windshield,
but
it
actually
is
going
to
collapse
on
itself
and
absorb
energy.
If
we
ever
were
in
a
crash,
we
haven't
been,
but
that's
that's
how
it's
designed.
So
there
are
a
number
of
things
that
we
can
do
in
the
vehicle
as
well
to
improve
safety
and
then,
of
course,
operational
safety
is
critical.
M
Having
a
safety
culture
where,
where
everyone
is
responsible
for
for
addressing
any
issues
that
they
see
is,
is
also
really
important
to
the
the
way
we
approach
safety.
A
H
K
This
is
chris
anderson,
that's
s-o-n
good
afternoon,
madam
chair
and
members
of
the
committee,
I'm
here
to
testify
in
support
of
ab212
on
behalf
of
zuke's
dukes
is
an
autonomous
vehicle
developer
with
testing
operations
in
las
vegas.
We've
actually
been
testing
here
since
2019.
K
zuke's
appreciates
this
common
sense,
update
of
the
vehicle
vehicle
code
that
reflects
advancements
in
the
av
industry.
We
agree
that
this
bill
will
streamline
the
av
regulatory
structure
in
nevada
and
enhance
broad
economic
development
in
the
state
while
reducing
fossil
fuels
emissions
and
keeping
our
streets
safer.
We
encourage
you
to
support
the
bill
and
thank
all
the
members
of
the
committee
for
the
vital
work
you
do.
Thank
you.
H
H
H
A
All
right,
thank
you,
we'll
turn
it
back
over
to
you
miss
overstreet
or
mr
lipka.
If
you'd
like
to
make
any
closing
comments.
B
M
Matthew
lip
give
nero,
just
echoing
my
thanks
for
the
opportunity
to
speak
today.
A
H
H
H
A
All
right,
thank
you.
So
much
with
that,
we
are
finished
with
our
business
for
the
day
and
we
will
not
have
a
meeting
this
friday.
So
I
will
see
you
all
on
monday
april
26th
at
3
30
pm.
We
are.