Transcript Highlights:

• without drawing on the General Fund or burdening existing taxpayers.
• There's no risk to our General Fund.
• They generate millions of dollars in economic activity.
• It helps our general fund, and so it's worth the squeeze.
• That takes one second: AI-generated.

Summary: The Assembly Committee on Arts, Entertainment, Sports, and Tourism heard several bills focused on California’s creative economy, sports development, and cultural preservation. SB 226 by Senator Cabaldon would clarify that infrastructure revitalization financing districts may be used for entertainment and sports facilities, with testimony from West Sacramento officials emphasizing that the tool would rely only on project-generated city tax increment and would not affect school districts, counties, or the General Fund. Members discussed the relationship between IRFDs and EIFDs and the distinction between infrastructure financing and direct subsidy of private sports teams or stadiums. SB 865 by Senator Ashby proposed support for destination music festivals, citing the economic impact of events such as Aftershock and Golden Sky in Sacramento and similar festivals elsewhere in the state. Supporters from Visit Sacramento and Danny Wimmer Presents said festivals generate substantial jobs, tax revenue, and tourism spending while promoters bear the financial risk. Several committee members and public witnesses supported the bill as a way to sustain the creative economy, local businesses, and opportunities for artists. The bill passed the committee on a unanimous vote and was sent to Appropriations. SB 1050 by Senator Ashby would require disclosures when synthetic performers are used in advertisements, including audio ads, to inform consumers and protect human performers from displacement. SAG-AFTRA and voice actor advocates argued that consumers deserve to know when an ad uses AI-generated likenesses or voices, while TechNet, the Motion Picture Association, broadcasters, and other industry groups opposed unless amended, raising concerns about overbreadth, audio-only implementation, private enforcement, and the need for clearer exemptions and definitions. Members generally supported the bill’s goal but noted technical issues to refine; it passed unanimously to Judiciary. SB 1073 by Senator Smallwood-Cuevas would create a voluntary tax checkoff to support the South Los Angeles Black Cultural District. Supporters described the district’s historic and cultural significance and framed the measure as a way to help preserve Black cultural assets amid limited public funding. Members discussed how the checkoff would appear on tax forms statewide, its voluntary nature, and whether it could serve as a model for other districts. The bill also passed unanimously to Appropriations, and the committee later adopted the consent calendar unanimously as well.

Transcript Highlights:

• That debt is in our budget, in the state general fund payments.
• the higher tuition revenue generating function of our non-resident students.
• To utilize the ongoing $6.2 million in savings of the general fund debt service item.
• My final question is more of a broad, general, overarching question.
• I don't believe UC in general has seen that trend.

Keywords: 988, house, all

Transcript Highlights:

• some context on that so for the general some context on that so for the general fund<00:12:48.240
• costs ourselves for our general funding costs ourselves for our general funding costs um<00:18
• Services uh the bulk of it is General Services uh the bulk of it is General funds<00:19:10.039><
• funded through General funded through General funds<00:20:13.840> so<00:20:14.000> those
• They now get general funds instead, and we deposit this to the general fund.

Keywords: 1189, house, all

Summary: The meeting featured presentations from the Department of Administrative Services and the Treasury Department on state revenue reporting and unclaimed property. State Comptroller Dana Call explained DAS’s role in compiling statewide revenue reports, including the annual revenue plan set through the budget process and the monthly revenue focus reports that track cash receipts. She noted that unrestricted general fund revenue is about $2 billion annually, while miscellaneous other revenue is a much smaller and less predictable category, averaging roughly $30 million to $32 million a year. She also described two more material internal revenue lines: statewide indirect cost recoveries and post-retirement benefit recoveries, which are billed to agencies and often tied to federal reimbursement rules. Members asked about the interest line in the revenue charts and about how the figures were presented, and Call clarified that the totals were in millions and that the interest item would be explained by the Treasurer. She also explained that the indirect cost and post-retirement recoveries are internal cost allocations that flow back into the unrestricted revenue pool and are reflected in agency budgets as interagency costs. Treasurer Monica Meissner then outlined Treasury Department functions, including bank deposits, statewide disbursements, banking relationships, investments, debt management, compliance, the FONA College Savings Program, the ABLE Plan, scholarship programs, and the abandoned property program. In discussing unclaimed property, she said holders report property after a five-year dormancy period, the state uses automated systems and outreach to locate owners, and claim activity has increased. In fiscal year 2024, the state returned about $12.2 million to citizens through roughly 12,000 claims; over the last 10 years, about $72.6 million has been returned. She also said the state escheated $19.9 million to the general fund and $1.8 million to counties last year, and explained that securities-related proceeds are harder to estimate because they depend on market conditions. No votes or formal actions were taken.

Transcript Highlights:

• system on their property and generate system on their property and generate the<00:05:15.919>
• Chair... people to generate solar power to power people to generate solar power to power their<00:48:
• customer uh with a small generation customer uh with a small generation facility<01:13:20.440>
• just under 200 distributed generation just under 200 distributed generation systems<01:18:47.719
• <01:29:04.560> Revenue fact the goal was to generate Revenue fact the goal was to generate

Keywords: 1187, senate, all

Transcript Highlights:

• Deputy Attorney General Kevin Tong.
• Thank you. support of this um the general idea for support of this um the general idea for this<00:14
• I mean, but essentially it's, you know, two non-general funds versus one big general fund.
• I mean, but essentially it's, you know, two non-general funds versus one big general fund.
• I mean, but essentially it's, you know, two non-general funds versus one big general fund.

Keywords: 910, house, all

Summary: The committee heard testimony on HB 818 HD1, which would establish the Waiawa Community Development District. The Attorney General’s office said the bill may not comply with requirements for a special fund, and DLNR asked for further amendments so lease revenues would remain with DLNR while it continues managing the lands. DLNR cited ongoing costs, including the Uncle Billy’s demolition debt and management needs at Banyan Drive/Banyan Country Club. HCDA/Waiawa representatives supported the bill, agreed that DLNR should keep lease revenues while it remains the land manager, and said a future transfer of land management would change where revenues should go. Members focused on whether removing lease revenue would undercut the bill and on how existing and future revenues should be allocated. The committee then took up HB 338 HD1 and HB 339 HD1 on renewable energy-related utility transactions and procurement. Testimony came from the Consumer Advocate, the State Energy Office, the Public Utilities Commission, Hawaiian Electric, IBEW Local 1260, Ulupono Initiative, and Life of the Land. Supporters generally backed the measures, while some asked for labor-related strengthening language. Discussion centered on how the PUC should handle competing bids or offers in utility merger or acquisition situations, with concerns raised about NDAs, timing, and whether the original version or amended language better allowed public and intervenor participation. A witness from Life of the Land argued that utilities should not negotiate under NDA in a way that blocks later public competition, and a PUC-related witness said the current language was changed from the original to address PUC testimony. Finally, the committee heard HB 1467 HD1 on housing resiliency. OIP was not present, while B&F raised concerns about placing federal funds into a special fund, saying federal grant money should remain in a separate P fund for transparency, accountability, and single-audit compliance. State agencies and groups including OPSD, Hawaii Emergency Management Agency, the Climate Advisory Team, and Hawaii Realtors supported the measure. Testimony emphasized that many older roofs lack hurricane clips and that strengthening homes could reduce disaster sheltering and temporary housing costs. IBEW Local 1260 supported the bill but argued that building to current standards upfront is preferable to retrofitting later. Members questioned funding structure, eligibility, and whether the program should be needs-based; the bill was described as limited to households under 140% AMI. No votes or final actions were taken in the portion of the meeting provided.

Transcript Highlights:

• The definition of community generator says community generator means a customer generator, and then goes
• For example, would a community generator be able to net meter the way a customer generator can?
• The definition of community generator says community generator means a customer generator, and then goes
• For example, would a community generator be able to net meter the way a customer generator can?
• <01:41:53.400> generators<01:41:54.400> then them all customer gener generators then

Keywords: 1189, house, all

Transcript Highlights:

• the two DFA and LSE recommendations, they added 776,700 in the general fund for a total general fund
• Thank you, Attorney General.
• Attorney General, good afternoon.
• Attorney General, Mr. Chairman, Senator Steinborn.
• It's good to see you, Attorney General.

Keywords: 996, all

Transcript Highlights:

• This would be from the general fund.
• Great to see you, General. And start when you're ready, Adams.
• Also presenting with me today, Major General Miguel Aguilar, the Adjutant General of the New Mexico National
• I'll let the General get into what. thousand or 19.5 percent.
• , that would not hit the general fund.

Keywords: 996, all

Transcript Highlights:

• Are there other monies that you're getting in the general fund? No, from the general fund.
• I used to be a general contractor.
• I used to be a general contractor.
• But that's just sitting in the general fund for all general fund uses.
• <01:19:55.480> fund<01:19:55.760> uses general fund for all general fund uses general

Keywords: 928, house, all

Summary: New Hampshire Housing Finance Authority officials, led by Executive Director Rob Dapice, briefed legislators on the agency’s structure and funding. They explained that the authority is created by state law but is not a state agency, its debt is not state debt, and it is governed by a board appointed by the governor and approved by the Executive Council. The discussion focused on the Affordable Housing Fund and the lead paint hazard remediation fund, including how state appropriations and federal resources are combined to finance affordable rental housing and lead abatement work. Dapice said the Affordable Housing Fund is used as gap financing for multifamily affordable housing projects, typically alongside federal tax credits and tax-exempt bonds, and that state dollars leverage roughly 2:1 to 10:1 in additional federal and private investment, averaging about 4:1. He said the fund has received historic appropriations in recent budgets, including $30 million over the last two biennial budgets and an annual $5 million set-aside from the real estate transfer tax. He also said the fund is usually structured as 0% interest, deferred loans rather than grants, with repayments returning to the fund if projects generate cash flow. Members asked about rents, oversight, staffing, revenues, and whether the programs had added positions. Dapice said affordability restrictions generally last 30 to 99 years, rents are tied to income limits and capped so tenants pay no more than 30% of income, and compliance staff inspect properties regularly to verify income eligibility and rent limits. He said the organization has about 130 to 135 employees, down from about 145, with no new positions added because of the appropriations. He estimated total revenues at roughly $300 million, with administrative budget around $22 million, much of it pass-through grant money. On lead paint remediation, he said the state first appropriated $6 million in 2019, plus $1 million in ARPA funds, and that the program has cleared more than 500 units. He said the federal grant program is not annual or predictable, with a recent award of about $7.75 million, and that the maximum federal grant per unit is $177,000, typically paired with up to $100,000 in state loan support. He also noted that the program can address homes before a child is poisoned if lead hazards are identified, but that cases involving an already exposed child are a higher priority. No votes or formal actions were taken.

Transcript Highlights:

• as is generally the case in resolutions. as is generally the case in resolutions.
• General government appropriations.
• recommendation of 13 million general recommendation of 13 million general funds<01:48:25.440>
• <01:51:05.280> fund severance tax to the general fund severance tax to the general fund uh
• block grant of general funds. block grant of general funds.

Keywords: 916, all

Transcript Highlights:

• And a good example of... heavily supported by general fund at heavily supported by general fund at DNR
• The unrestricted portion of the general The unrestricted portion of the general fund<00:10:25.920
• return uh those dollars to the general return uh those dollars to the general fund. fund. fund.
• number of those large one-time general number of those large one-time general fund<00:25:15.679>
• generation.

Keywords: 1183, house

Transcript Highlights:

• The budget includes $39 million General Fund in 2025-26 and $78 million General Fund in 2026-27 and ongoing
• In general government, the budget includes $79 million General Fund in 2025-26 to backfill insufficient
• General Fund for Bringing Families Home, and $44.6 million General Fund for HDAP.
• fund for the home safe program 81 million general fund for bringing families home and 44.6 million general
• AB 137 is the general government trailer bill.

Summary: The Assembly Budget Committee held an informational hearing on the final three-party budget agreement and related trailer bills, with the Department of Finance outlining the major budget bill and omnibus measures. Finance described a package built around balancing the state budget amid economic uncertainty, preserving core health and safety-net programs, and making significant ongoing reductions in some state programs. The budget bill included major items such as shifting $1 billion from the General Fund to the Greenhouse Gas Reduction Fund for Cal Fire, funding universal transitional kindergarten, deferring some UC and CSU funding, supporting foster care and homelessness programs, providing Proposition 36 implementation funding, and achieving Medi-Cal savings through changes to benefits and eligibility. The committee also heard that votes on the budget bills were expected later in the week and the following Monday. Finance then walked through the trailer bills, including health, human services, early learning, education, resources, energy, transportation, labor, housing, tax, public safety, courts, general government, cannabis, and energy-related measures. Notable provisions included a Medi-Cal enrollment freeze for certain adults, new premiums and benefit changes for some immigrants, child care COLA changes, education funding for literacy, teacher support, universal meals, and community college student support, as well as resource and climate measures affecting Cal Fire staffing and energy permitting. The housing trailer bill drew the most discussion, with provisions on CEQA streamlining, a vehicle miles traveled mitigation banking program, a renters’ credit trigger, and a six-year moratorium on new residential building standards. Members also discussed a film tax credit expansion, cannabis enforcement funding, a tribal police pilot program, and changes to tax policy, including military retirement income exclusions and wildfire settlement payment exclusions. Committee members largely praised the staff and the budget process, but several raised concerns and asked detailed questions, especially about the housing trailer bill’s new wage standards, tribal consultation provisions, and possible effects on prevailing wage protections. Finance explained that the housing language was intended to set wage floors for market-rate projects receiving CEQA streamlining, with different county-based tiers and a notwithstanding clause preserving existing prevailing wage laws. Members also questioned the size and timing of funding for the Children and Youth Behavioral Health Initiative, Clean Cars for All, Proposition 36, and the film tax credit expansion. Other members highlighted support for public safety, veterans’ tax relief, child care providers, housing production, and higher education, while some expressed concern that the budget’s policy changes were being negotiated too quickly or without enough stakeholder input.

Transcript Highlights:

• of $450,000 to the general fund in FY25 and then $900,000 to the general fund in 26-27 and identical
• uh of 10.15 million from the general uh of 10.15 million from the general fund<00:12:57.360>
• <00:13:09.600> fund This also comes from the general fund This also comes from the general
• <00:13:25.519> home community-based first generation home community-based first generation
• <00:14:41.600> This account from the general fund. This account from the general fund.

Keywords: 1187, senate, all

Transcript Highlights:

• a balanced budget from the General and Education Trust Fund.
• > and balanced budget uh from the general and balanced budget uh from the general and education
• 120 million uh below for the general 120 million uh below for the general fund<00:05:59.680>
• 30th of about $113 million in the general fund.
• it's a similar format to uh the general it's a similar format to uh the general fund<00:13:48.560

Keywords: 928, house, all

Summary: The House Finance Committee met for final approval of HB 1 and HB 2, with legislative budget staff Michael Kain reviewing the final amendment documents and surplus statements. Kain explained that HB 1474H and HB 1484H incorporated the committee’s prior votes and the Governor’s recommended sections, and he walked through the budget math for the general fund, education trust fund, Highway Fund, and Fish and Game Fund. He said the committee’s proposal remained balanced overall, though the current-year general fund showed a projected deficit that HB 2 would address by allowing a possible rainy day fund transfer if needed. He also noted that the committee’s revenue estimates were below the Governor’s, requiring reductions and adjustments to appropriations and lapse assumptions. Members discussed the rainy day fund provisions, including a section in HB 2 that suspends existing restrictions so a transfer can be made if the deficit materializes. Kain said the committee’s approach differed from the Governor’s because the state was not below the overall revenue plan, and the fiscal committee would retain a role in determining any transfer. He also summarized that the Highway Fund would end with about a $13 million balance and Fish and Game with about $3 million, both without additional general fund support. The committee then adopted two amendments to HB 2 unanimously: Amendment 1473H, a technical cleanup to the Group 2 retirement seven-year rule, and Amendment 1482H, a technical correction to the recreational services language. Amendment 1484H, which incorporated those changes into HB 2, was adopted on a 14-1 vote after minority members objected to the bill’s broader cuts and policy changes, including reductions to state agencies, health and human services, and education-related provisions. The committee also adopted Amendment 1474H to HB 1A on a 14-1 vote after similar debate over budget reductions, vacancies, university funding, and school spending limits. Finally, the committee voted 14-1 to report HB 1A and HB 2 as amended as ought to pass, with the minority voting no and the committee planning a full House presentation the following week.

Transcript Highlights:

• This bill would require that the Attorney General be notified and would give the Attorney General two
• Three, that the Attorney General can...
• The Attorney General can waive that once they're ready to go, and also the Attorney General should designate
• The bill says that the court will notify the Attorney General.
• A general exception would be easily abused to suppress dissent.

Bills: HB304, HB401, HB556, HB1475, HB1489, HB2259, HB2424, HB2773, HB2811, HB3323, HB304

Keywords: voter ID, citizenship proof, provisional ballot, election security, Texas, voting rights, deep fakes, misleading videos, election integrity, criminal offense, digital misinformation, deep fake, political manipulation, misinformation, artificial media, political influence, artificially generated media, election influence, Texas Election Code, healthcare reform

Transcript Highlights:

• They have a general construction manager already picked.
• Section 3 is the appropriation of general funds.
• Section 5 on page 6 is general fund reprogramming.
• Section 6 is general fund reprogramming.
• Otherwise, they would expire on June 30 and revert to the general fund.

Summary: The committee met to finalize the FY27 bond bill, beginning with a roll call and a detailed review of updated appropriation amounts. The Comptroller General walked through major changes across agencies, including additions for OMB, the Department of State, DNREC, Agriculture, Education, and Transportation, and explained the funding sources that would cover the total $1.256 billion package. Members then debated several large items, especially the $110 million appropriation for the Diamond State Port Corporation, the $35 million Legislative Hall addition, the $20 million Community Reinvestment Fund, and the $30 million land and building acquisition line. Questions focused on the port project’s costs, expected jobs, return on investment, and whether the state would face future commitments; Secretary of State Charney Patitofunded Chances and other officials testified that the port expansion would create construction and permanent jobs and support long-term economic growth, while some members remained skeptical and objected to the process and spending priorities. The committee also discussed school construction funding, with officials explaining that additional money would forward-fund projects already in the pipeline and help districts that had been turned down for certificates of necessity. Other items reviewed included funding for park improvements, marina acquisition, the Plummer Center demolition and transfer, the Pyle Center sewer project, the Site Readiness Fund, affordable housing, the Arts Endowment Fund, an unclaimed property task force, and various transportation and community transportation projects. Several members raised concerns about county distribution, minority-party involvement in negotiations, and the scale of certain appropriations, but the majority defended the package as statewide investment and economic development. The committee then voted on the Section 1 addendum and a series of new and replacement epilogue sections, including provisions for the port project, Legislative Hall minor capital improvements, land acquisition, affordable housing, the Community Reinvestment Fund, downtown development districts, the Rite Aid demolition, the Site Readiness Fund, school construction formula review, and enhanced school capital funding. Most motions carried, with a few recorded no votes or abstentions on the main addendum. The meeting concluded with a motion authorizing technical corrections by the Comptroller General’s office, followed by closing remarks thanking staff and members for their work and noting that this was likely the final bond committee meeting for some participants before adjournment.

Transcript Highlights:

• 3 or Generation 3+.
• 3 or Generation 3 plus.
• There's 98 of them, so it's hard to generalize. I don't want to generalize.
• to power generation and transmission facilities.
• generators were too late.

Summary: The committee met to review advanced nuclear energy issues in North Dakota, beginning with approval of the April 21, 2022 minutes. Nucleon presented an overview of the advanced reactor landscape, distinguishing light-water SMRs, advanced Gen 4 reactors, and microreactors. The presentation emphasized that light-water SMRs are the most near-term deployable and use familiar low-enriched uranium fuel, while many Gen 4 designs may require high-assay low-enriched uranium (HALU), which is not yet supported by a mature U.S. supply chain. Nucleon also noted that advanced reactors are being developed primarily for industrial heat applications, while microreactors are niche, higher-cost systems for remote or mission-critical uses. Committee members asked about fuel availability, safety, recycling, and whether large reactors such as AP-1000s were evaluated; the presenter said fuel development is proceeding in parallel but remains a bottleneck, and that siting and grid capacity often make SMRs more practical than gigawatt-scale plants in North Dakota. Representatives from the National Association of State Energy Officials described how other states are supporting advanced nuclear through task forces, roadmaps, regional coordination, grants, tax incentives, workforce and supply-chain efforts, and pilot programs. They highlighted the Advanced Nuclear First Mover Initiative and said states are focusing on multi-state coordination, demand aggregation, regulatory coordination, waste management, workforce readiness, and community engagement. They also discussed affordability tools such as construction work in progress (CWIP), financing incentives, and consumer protections, citing examples from Kentucky, Texas, Virginia, Illinois, Missouri, Utah, Tennessee, and others. In response to questions, they explained that pilot programs often involve site-readiness and feasibility studies, and that the federal Nuclear Innovation Campus process is moving forward with multiple submissions while broader waste and recycling policy may require congressional action. The Public Service Commission said it would likely have a major role in any North Dakota nuclear project through certificate-of-public-convenience-and-necessity review, siting, and rate regulation, but noted gaps in current law for small reactors, co-located facilities, NRC coordination, and long-term site stewardship. The commissioner said the commission has no authority over a private, self-contained reactor not connected to the grid. The Department of Environmental Quality explained that the state regulates radioactive materials under its agreement-state authority, but NRC retains primacy over fission reactors; DEQ would likely assist with emergency planning and could have a larger role if fusion reactors emerge. The Department of Emergency Services said it would serve as the lead off-site preparedness agency, requiring a dedicated radiological emergency preparedness program, training, drills, public outreach, and likely additional funding and staffing, with industry expected to bear much of the cost. The Department of Water Resources said North Dakota’s water laws and prior-appropriation system are adequate for nuclear siting, that the Missouri River is the best likely source, and that no statutory or budget changes are currently needed from a water perspective. The committee recessed for lunch after these agency presentations.

Transcript Highlights:

• public health guidance by the Surgeon General, to allow the Surgeon General to access certain health
• You won't always be the Surgeon General.
• Not with the Surgeon General. Okay.
• So when it refers to the Surgeon General, is the Surgeon General now the lead and no more communication
• It goes to the Surgeon General.

Bills: SB57, SB405, HB62, HB193, HB203, HB222, HB246, HB420, HB475, HB486, HB574, HB584, HB815, HB949, HB1092, HB1214

Keywords: SB 57, Act 735, Act 463, nutrition, public health, food additives, artificial colors, banned chemicals, ingredient labeling, food labeling, FDA, food and beverage regulation, consumer disclosure, school nutrition, Louisiana Revised Statutes Title 40, Louisiana Revised Statutes Title 17, food manufacturers, food retailers, compliance, effective date delay

Transcript Highlights:

• organizations including the General organizations including the General Assembly.
• <00:14:10.720> donated<00:14:11.480> his and he generously donated his and he generously
• General and Housing? General and Housing?
• by the Attorney General. by the Attorney General.
• consultation The Attorney General, in consultation The Attorney General, in consultation with

Keywords: 926, house, all

Summary: The House opened with a devotional by former member Jason Lorber, who spoke humorously about the difference between asking questions and making statements, urging members to be direct and add value in deliberation. The chamber then took up several resolutions: JRH 11, urging Congress to enact the National Infrastructure Bank Act of 2025, was read and referred to the Committee on Commerce and Economic Development; JRS 51, setting weekend adjournment for May 1, 2026, was adopted in concurrence; and H.C.R. 261 was read, recognizing May 2026 as Older Americans Month and designating May 6, 2026 as Age Strong Vermont Day. Members also used announcements to welcome guests and highlight events, including the Age Strong Vermont initiative, a former member’s return, visitors connected to psychedelic medicine advocacy, an art social, fisheries and trout-in-the-classroom guests, a legislative intern, and a reminder about the May 16 NAMI walk. The House then took up Senate Bill 230, an omnibus labor measure relating to fair employment practices. The committee explanation described technical clarifications to parental and family leave for full-time teachers, expansion of protections for survivors of domestic violence, sexual assault, and stalking, removal of outdated statutory language on mandatory retirement for tenured faculty, and clarification that elected and appointed municipal officers are not employees for minimum wage and overtime purposes. The main new policy in section 3B would prohibit non-compete agreements for non-exempt employees, with an exception for collective bargaining agreements, and would restrict certain non-compete and related clauses in health care provider contracts while preserving continuity of care and excluding non-clinical business support services. The committee reported extensive testimony and voted 11-0-0 to recommend the bill favorably with amendment; the House agreed to propose the amendment to the Senate and ordered third reading. The House also began consideration of Senate Bill 179, updating Vermont’s Uniform Disclaimer of Property Interests Act. The committee presentation explained that the bill would eliminate the current 9-month deadline for disclaimers, reflecting changes in federal tax law and the much larger modern estate and gift tax exclusion, and would modernize the statute in several ways. Proposed changes include clearer rules for jointly held property, allowing pre-death disclaimers, authorizing trustees and parents in limited circumstances to disclaim on behalf of trusts or minor children, permitting disclaimers by proxy for infirm persons, clarifying partial disclaimers and entity disclaimers, improving delivery rules for non-real-estate property, and specifying that a disclaimer is not a transfer for transfer-tax purposes. The bill was described as a response to outdated law in light of an impending large intergenerational wealth transfer, and the House proceeded with second reading discussion.

Transcript Highlights:

• That that's generally Oh, procedures. That that's generally Oh, excuse<00:09:18.399> me.
• <00:09:42.880> And general. It's just going to happen. And general.
• general fund. general fund.
• general fund dollars that's there. general fund dollars that's there.
• It's not a general fund it is.

Keywords: 924, joint, all