Transcript Highlights:

• 25 staff members are paid with federal funds.
• What was that number of federal-funded staff? Sorry.
• <00:41:41.119> funded >> What was that number of federal funded >> What was that
• number of federal funded staff?
• The program is described in the Arkansas school funding guide.

Keywords: 928, house, all

Summary: The commission held an organizational meeting under SB 57 to study the cost of special education, with the meeting streamed publicly at the chair’s request. Members introduced themselves, and the chair explained that the bill creates two separate pieces, one dealing with SAU structure and the other with a commission on special education costing. He outlined his background in education and special education and said the commission’s work would focus on understanding and controlling special education costs. The commission reviewed its membership requirements and noted several vacancies or unfilled appointments, including the special education advocate, two governor-appointed parent advocates, and a Department of Health and Human Services representative. The members then elected Representative Rick Ladd as chair, Representative Dick Ames as vice chair, and Representative Megan Murray as clerk. Representative Ames briefly described his legal and policy background in disability and special education work in Massachusetts and New Hampshire. The chair then walked through the commission’s study topics, including referral rates by IDEA category, reasons for increases in categories such as autism and other health impairment, post-COVID referral trends, pre-referral interventions, Medicaid and 504-related costs, out-of-district placements, dispute resolution, billing practices, privacy, reimbursement, legal services, graduation rates, attendance, and adult learning. Members discussed how special education costs are distributed, noting that the state spends about $977 million annually on special education, with only part covered by state aid and the remainder largely borne by local districts. Testimony also noted that out-of-district placement costs have risen sharply since rate-setting changes around 2018, and that some categories may reflect changes in identification practices, medical factors, or broader population shifts. The commission agreed to continue reviewing the data and formulas in future meetings.

Transcript Highlights:

• CARE TRUST FUND.
• AND 453,843,138 IN THE MEDICAL CARE TRUST FUND TO PROVIDE THOSE PROGRAM DISTRIBUTIONS IN FISCAL YEAR
• UNDER THIS PROGRAM FEDERAL LAW REQUIRES THAT STATE MEDICAID PROGRAMS MAKE PAYMENTS TO CERTAIN QUALIFIED
• TO FUND OF THE MENTAL HEALTH PORTION OF THIS PROGRAM ADDITIONAL BUDGET AUTHORITY IS REQUESTED IN THE
• FLORIDA KID CARE IS JOINTLY FINANCED WITH STATE AND FEDERAL FUNDS.

Keywords: 999, senate, all

Transcript Highlights:

• federal preemption. federal preemption.
• I'm sorry, were there specific lines of federal funding that were threatened?
• I'm blanking on the name of the specific federal funding, but it's through, I believe, broadband funding
• . funding. funding.
• funding, your deployment<01:44:24.880> funds.

Keywords: 912, senate, all

Transcript Highlights:

• Approximately 15 percent of New Mexico's public school budget comes from federal funding, higher than
• At a time when federal education funding faces ongoing political and fiscal threats, putting district
• In federal funding, as you have done in the past or recently, and timely award of initial, final, and
• With the possible reduction in federal support, special education and bilingual education programs require
• My understanding is that one of the vice chair or co-chairs of the federal fund stabilization some of

Keywords: 996, all

Transcript Highlights:

• These services can be covered through the Minnesota Health Care Plan, which is the federal Medicaid program
• , or through grant funding such as the School Link Behavioral Health Grant Program.
• <00:03:53.440> Medicaid<00:03:54.000> program,<00:03:55.200> or is the federal
• Medicaid program, or is the federal Medicaid program, or through<00:03:55.920> grant<00:03:56.319
• Where did the funding for this come from? Is it district funding, state funding, federal funding?

Keywords: 1183, house

Transcript Highlights:

• funding or we could lose $3.5 billion in federal funding.
• funding or we could lose $3.5 billion in federal funding.
• funding or we could lose $3.5 billion in federal funding.
• funding or we could lose $3.5 billion in federal funding.
• lose $3.5 billion in federal funding. lose $3.5 billion in federal funding.

Bills: HF3901, HF962, HF4428, HF4478, HF1775

Keywords: foster care, ombudsperson, investigative powers, children's rights, complaint process, HF4428, Medical Assistance, Medicaid, community engagement, work requirement, work mandate, employment requirement, community service, 80 hours, half-time student, income threshold, federal minimum wage, eligibility verification, benefit suspension, benefit termination

Transcript Highlights:

• However, the project also recently lost $4 billion in federal one-time funds.
• I'll say this, Senator, that today in the program, the way we have allocated funds and appropriated..
• Today, in the program, the way we have allocated funds and appropriated for the construction of Merced
• The reason, as we read in the news, was that this program does not deserve the funding from the federal
• With a recent loss of $4 billion in federal funds, there is no funding surplus on the Merced-to-Bakersfield

Summary: The Senate Transportation Committee held an informational hearing on the California High-Speed Rail Authority’s 2026 draft business plan, with testimony from the authority, the Legislative Analyst’s Office, and the High-Speed Rail Inspector General. Chair Cortese framed the hearing around the project’s recent changes: a new CEO, revised delivery strategy, loss of federal funds, renewed interest in private financing and value capture, and proposed adjustments to the Merced-to-Bakersfield segment. He also raised concerns about statutory compliance, transparency, and whether the draft plan fully reflects required elements and true costs and timelines. Authority CEO Ian Chaudhry said the project has made substantial construction progress in the Central Valley and is moving toward track installation, with the state’s $1 billion annual cap-and-invest funding providing a stable base. He argued the plan uses design optimization, direct procurement of materials, and revised sequencing to reduce costs and support an early operating segment by about 2032-33. He also promoted broader commercialization of the corridor through real estate, energy, broadband, logistics, and public-private partnerships, saying private sector interest is now real. Several senators pressed him on station locations, tax increment financing, utility relocation authority, permitting delays, transparency, and whether the project can realistically reach Los Angeles and San Francisco on the current timeline and budget. The LAO and Inspector General were more skeptical. LAO analyst Helen Kirstine said the draft plan assumes major scope changes, including a shorter segment, a Merced station outside downtown, more single-tracking, and several statutory changes that have not yet been enacted. She warned that the plan may not comply with recent legislative requirements, that funding may still be insufficient even for the reduced segment, and that borrowing against future cap-and-invest revenues is risky because those revenues are uncertain and volatile. Inspector General Ben Belknap said the draft plan fails to comply with newer statutory requirements, especially regarding the Merced-to-Bakersfield scope, the funding plan, and missing procurement milestone dates. He said the presentation obscures cost increases and schedule delays and limits the Legislature’s ability to compare current estimates with prior reports. Committee members generally supported continued oversight and some form of project delivery reform, but several expressed concern that the plan relies on legislative changes that have not been approved and on private financing that may not materialize. Chaudhry said the authority would address the Inspector General’s findings in the final business plan and continue to pursue federal grants, private capital, and corridor commercialization. No vote was taken at the hearing.

Transcript Highlights:

• federal match with zero um general fund federal match with zero um general fund impact<00:11:00.800
• program that is 100% federally funded.
• federal program that is 100% bipartisan federal program that is 100% federally<00:19:00.080> funded
• Um, every state of uh, federally funded.
• We are implementing the federal program.

Keywords: 1189, house, all

Transcript Highlights:

• and co-coordinating a family program.
• social workers through the programs that I...
• Federal law does, federal sources of money do come into the system, but ultimately, the requirements
• Certainly, segregation of funding is possible between the federal portions of Medicaid and the state
• and state funds.

Transcript Highlights:

• AB 1470 builds on the California Student Housing Revolving Loan Fund Program of 2022 by allowing California
• AB 1470 builds on the California student housing revolving loan fund program of 2022 by allowing California
• This council will help to ensure that our policies, programs, funding, and agencies operate in a coordinated
• Well, the billions of dollars in workforce program funds that our state allocates could be invested more
• There have been other major programs that the Legislature set up and funded, only to fail to roll out

Summary: The Assembly Higher Education Committee heard a series of bills focused on expanding access to higher education, addressing workforce shortages, student housing, and labor standards on campus projects. AB 662 would create a South County Higher Education Task Force to explore a mixed-use, intersegmental institution in Chula Vista; supporters said South San Diego County is a “college desert,” while the bill passed on a due pass as amended motion to Appropriations. AB 885 would establish a College Access for All Fund to help make CSU and UC attendance more affordable; supporters cited student debt and affordability concerns, and it also passed to Appropriations. AB 730 would provide $15 million to help establish a medical school in the Central Valley to address physician shortages, and it advanced on a due pass motion. AB 1400 would let up to 15 community college districts pilot bachelor’s degrees in nursing; supporters argued it would expand affordable BSN access and keep students local, while CSU, UC, and other higher education groups opposed it as unnecessary and inconsistent with the master plan. The bill passed to Appropriations, with members raising questions about clinical placements, faculty shortages, and possible effects on associate-degree programs. The committee also considered AB 1235, which would require CSU design-build projects to use a skilled and trained workforce, aligning CSU with other public higher education construction standards. Supporters said it would improve safety, training, and local job opportunities, and the bill passed to Appropriations. AB 1247 would restrict contracting out of classified school and community college jobs unless workers meet training and qualification standards and would address pension and training concerns; supporters said it would protect students and classified employees, while school and college groups warned it would disrupt services and add unfunded mandates. The bill passed to Appropriations with one no vote. AB 1470, presented on behalf of Assemblymember Haney, would allow a portion of student housing revolving loan funds to be used for affordable student, faculty, and staff housing in downtown and commercial districts; it was discussed as a housing and downtown revitalization measure, but the committee held off on a motion pending more members. ACA 3, also on behalf of Haney, would require UC to offer limited down payment loans to eligible long-term support staff first-time homebuyers; it drew extensive support from UC workers and unions, while UC and business groups opposed it as costly and outside UC’s mission, and the measure was still under discussion at the end of the transcript.

Transcript Highlights:

• You know, some of the projects have some federal funding, and some of the projects rely on multiple appropriations
• The federal funding, for example, the Medicare and Medicaid replacement project has a large portion coming
• But to answer your question, Representative, there are some federal funding cuts that have already happened
• This is the way to get National Science Foundation funds and federal dollars to flow to all parts of
• And, you know, they bring in federal funds.

Transcript Highlights:

• General funds for those lost federal General funds for those lost federal revenue<01:15:22.440><
• Currently, the ADRD respite grant program is level funded at about $302,000, and that is what is in the
• to increase the funds to the caregiver<02:10:41.880> respit<02:10:42.360> program<02:10
• This also represents a partnership where we as an agency are able to leverage federal funding, bring
• To date, none of the Retired and Senior Volunteer Programs in the country have secured funding for a

Keywords: 928, house, all

Summary: Division 3 Finance held a work session to move through five bills before noon, noting one member’s early departure and adjusting the order of bills accordingly. The first item, HB 54, would allow some alternative treatment centers in the medical cannabis system to operate for profit. Members discussed a fiscal note showing a one-time $133,000 cost, which was described as a Division 1 budget item to be handled through HB 2 rather than directly in Division 3. After discussion about keeping Division 1 informed and the distinction between retaining a bill versus funding it, the committee voted unanimously to retain HB 54 for further finance work and conversion into HB 2. The committee then took up HB 547, concerning reimbursement to counties for enhanced FMAP funds during the COVID period. The chair summarized the issue as federal enhanced Medicaid matching funds that were received by the state before authority existed to pass them through to counties, creating a disputed amount owed to counties. County representatives said the money should have gone to counties and clarified the relevant time period, while the department did not take a position. The chair proposed retaining the bill and moving it into HB 2, with discussion of a possible four-year repayment structure in equal annual installments. The committee agreed to retain the bill for continued work in the budget process. During the HB 547 discussion, members also clarified the fiscal and accounting details, including that the fiscal note had not been widely available and that some figures in the note should be treated as county revenue rather than county expenditure. Testimony explained that the enhanced FMAP increased from 50 percent to 56.2 percent, and that the state’s and counties’ shares of claims were affected by the timing of the federal change and the later state authorization. The committee emphasized that the issue was complex and budget-dependent, and that retaining the bill would allow further negotiation and incorporation into HB 2 rather than immediate final action.

Transcript Highlights:

• This includes the ongoing programs, the recent one-time funding that was provided for different CTE programs
• The program receives, for our portion, roughly $65 million ongoing in federal funding.
• programs using the CTIG funds.
• Corps program which is currently funded only through 2026.
• Without this new funding, the program would still have $63 million in one-time funding to support a new

Summary: The Assembly Budget Subcommittee on Education Finance heard an overview of the governor’s new Career Education Master Plan and related budget items. Labor Secretary Knox described the plan as an effort to reduce fragmentation across K-12, community colleges, workforce boards, and other systems by improving statewide and regional coordination, data sharing, skills-based hiring, career pathways, and wraparound supports such as child care, housing, food, and transportation. Members asked how success would be measured, how the plan would serve disconnected youth and adults, and whether the proposed data integration would rely on Cradle to Career; the secretary said it would. The Department of Finance said it was available to answer questions on the education side. The committee then reviewed existing CTE funding and oversight. The LAO, CDE, and Community Colleges Chancellor’s Office described the major ongoing programs, including CTIG, Perkins, K-12 Strong Workforce, and Community College Strong Workforce, and noted that many programs overlap in purpose and administration. Members repeatedly raised concerns about duplication, annual applications and reporting burdens, lack of clear outcome metrics, and whether funding incentives should be better aligned to regional collaboration. CDE and the Chancellor’s Office said they support alignment and dual enrollment, and Finance and CDE said LCFF/local match dollars are part of the funding structure. The committee also discussed child care as a barrier to participation and the need for better tracking of enrollment, completion, and job outcomes. On the consolidated application proposal, Finance proposed a study directing CDE to examine whether three long-standing CTE grant programs—Specialized Secondary Programs, CTIG, and California Partnership Academies—could be streamlined into a single application and reporting process. The LAO supported reducing administrative burden but noted that the largest programs, CTIG and K-12 Strong Workforce, were excluded from the proposal even though districts most often cite them as burdensome. CDE said it did not oppose the study but warned that statutory differences may limit consolidation. Members said the proposal should better address regional coordination, multi-year funding stability, and outcome measures rather than only simplifying paperwork. Finally, the committee heard a proposal for a $5 million ongoing California Education Interagency Council. GovOps said the council would provide a neutral venue for statewide coordination across education and workforce systems. The LAO opposed the proposal, arguing that existing bodies already provide coordination, the proposal does not change agency incentives, and the council would lack authority to implement decisions. Members expressed mixed views, with some supporting a coordinating body and others questioning whether it would differ from past efforts. No votes were taken during the portions summarized here, and the committee indicated it would hold some items open for further discussion.

Transcript Highlights:

• Status of funding from the Federal State Fiscal Recovery Fund. And is that Mr. Morissette?
• for federal intervention funding.
• You had appropriated some federal State Fiscal Recovery Funds for that program, for that project.
• You had appropriate some federal state fiscal recovery funds for that program for that project.
• However, those will not be used so that funds for that program, for that project.

Summary: The Budget Section Leadership Division met with a quorum present and approved the March 18 minutes. The committee first heard an update from the Petroleum Council on oil and gas activity, which described North Dakota production as holding steady around 1.1 to 1.2 million barrels per day despite lower prices and market volatility. The presentation emphasized that efficiency gains, longer laterals, and improved completion technology are allowing operators to sustain output while activity shifts north in the Bakken. Members asked about gas taxation, natural gas liquids, flaring, and enhanced oil recovery; the witness said gas is taxed by volume, most liquids are handled through oil lines or gas processing, and the state’s EOR pilot projects and new gas infrastructure are intended to help hold production flat and expand future recovery. The committee then received a presentation from the Tax Department on the federal “big beautiful bill” and its effect on North Dakota income tax collections. The department explained that most of the federal changes were extensions of existing Tax Cuts and Jobs Act provisions, but several items — including the larger standard deduction, senior deduction, tip and overtime exclusions, auto loan interest deduction, and business expensing changes — affect state collections. Revised estimates showed a smaller-than-expected impact on individual income tax, with the department suggesting a net cash effect in the range of roughly $30 million to $35 million when business and individual effects are combined, plus a possible one-time distortion from large oil-field transactions in fiscal year 2025. Members asked which provisions apply to standard versus itemized returns, and the department clarified that most of the individual provisions apply broadly, while the SALT-related item is itemizer-specific. OMB then reported on major capital projects and facility funding. Updates included Capitol grounds improvements such as 18th-floor renovations, wayfinding, augmented reality displays for the Rough Rider Hall of Fame, tree management and lighting studies, and restroom and parking reconfiguration in the tower. OMB also described security upgrades at the governor’s residence, where human remains were discovered on site and are being handled with historical and legal review. The state hospital project in Jamestown remains on schedule for substantial completion in winter 2027 and opening in spring 2028, with costs currently estimated a little over $292 million and a line of credit expected to be drawn in April 2027. The North Central State Office Building in Minot is under construction, with a $5.6 million line of credit already accessed. OMB also reported on the State Facility Maintenance Fund, noting about $1.1 million spent so far on projects such as the Liberty Memorial Building roof and foundation work, Capitol window replacement, boiler replacement, and kitchen remodeling. Finally, Legislative Council staff reviewed the interim compliance report on legislative intent and state trust funds. The report highlighted the status of multiple lines of credit, including those for the state hospital and Minot office building, and noted that the executive budget will likely need to include repayment planning for about $350 million of expected outstanding balances. Other updates included the Bank of North Dakota profit transfer schedule, litigation pool spending, the new Office of Guardianship and Conservatorship, the Missouri River Correctional Center planning effort, HHS items such as FMAP and child care assistance, Job Service’s unemployment insurance modernization project, and DPI school aid turnback estimates. No formal votes were taken beyond approval of the minutes.

Transcript Highlights:

• So we are having to manage for federal programming and federal funding during the shutdown, and it's
• But you can't draw it down if people aren't there to draw down federal funding.
• That's kind of how the funding comes in to run this program.
• We do request support for the authorization and funding of a one-year VJI pilot program there in New
• We help write grants as necessary and identify grants that will help fund those programs.

Transcript Highlights:

• Status of funding from the Federal State Fiscal Recovery Fund. Is that Mr. Morissette? Thank you.
• for federal intervention funding.
• You had appropriated some Federal State Fiscal Recovery Funds for that project.
• You had appropriate some federal state fiscal recovery funds for that program for that project.
• However, those will not be used so that funds for that program, for that project.

Keywords: 908, all

Summary: The Budget Section Leadership Division met with a quorum and approved the March 18 minutes. The committee first heard an update from the Petroleum Council on oil and gas activity in North Dakota. Ron Ness said production is expected to remain relatively flat at just under 1.2 million barrels per day, with efficiency gains and longer laterals helping offset lower rig counts. He discussed oil and gas prices, gas taxation, flaring concerns, northward movement of drilling activity, and the importance of new infrastructure and enhanced oil recovery (EOR) pilots. Members asked about gas taxation, natural gas liquids, pipeline impacts, and the outlook for Continental and other operators. Ness said the industry is likely to remain steady rather than see a major ramp-up or decline. Matt Pearl of the State Tax Department then explained the federal “big beautiful bill” and its effect on North Dakota income tax collections. He said the law extends or makes permanent several federal provisions and creates temporary deductions for seniors, tips, overtime, and auto loan interest, with the biggest state impact coming from the standard deduction increase and business tax changes. He revised earlier estimates downward, saying the net cash impact on state collections is likely in the $30 million to $35 million range after accounting for business prepayments and one-time FY25 oilfield transaction effects. Committee members asked which provisions apply to standard versus itemized returns. OMB staff gave a detailed update on major capital projects and facility funding. Topics included Capitol grounds improvements such as 18th-floor renovations, wayfinding, seating, lighting, tree management, and restroom and lobby upgrades; security work at the governor’s residence, which has been delayed by the discovery of human remains; and space reconfiguration efforts in Bismarck-Mandan to reduce leases and create shared offices and conference rooms. They also reported on the State Facility Maintenance Fund, including roof, window, boiler, and kitchen projects at state facilities, and on the state hospital project in Jamestown, which remains on budget and on schedule for substantial completion in winter 2027 and opening in spring 2028. OMB also updated the committee on the Minot North Central State Office Building, the use of federal State Fiscal Recovery Funds, and the status of legislative intent and trust fund reports, including school aid turnback, the school construction loan program, the Foundation Aid Stabilization Fund, the Legacy Fund, and the Strategic Investment and Improvements Fund. The committee ended by discussing future agenda items, including government efficiency, cash management, Bank of North Dakota lines of credit, and the rural health transformation program, and then adjourned.

Transcript Highlights:

• public programs to allow folks to deduct against the federal government.
• And so not just allowing states to fund these important programs that we fund here at state and local
• States that were doing more to fund public programs to allow folks to deduct against the federal government
• And so not just allowing states to fund these important programs that we fund here at state and local
• And so not just allowing states to fund these important programs that we fund here at state and local

Keywords: 1183, house

Summary: The committee took up House File 3524 and House File 3525 and laid both over for possible inclusion in the omnibus tax bill, with no amendments adopted and no vote taken at this stage. HF 3524 would conform Minnesota law to the federal overtime tax deduction, and HF 3525 would conform to the federal tip-income deduction. The author argued both bills would help workers keep more of their earnings, simplify tax filing, support labor-force participation, and provide relief to workers in hospitality, trades, health care, and other industries. The committee heard testimony in support from a restaurant owner, Sandra Weiss of the Finnish Beastro in St. Paul, who said the bills would help tipped workers keep more of their income and would support hospitality businesses. She described her staff as roughly half men and half women, including students and long-term employees, and said front-of-house tipped workers and back-of-house workers face different pay levels. She also said Minnesota’s tip rules and lack of a tip credit create challenges for the industry. During questioning, members discussed wage disparities, the makeup of her workforce, and the practical effects of the proposals. Opposition testimony came from Nan Madden of the Minnesota Budget Project and Eric Bernstein of We Make Minnesota, both of whom argued the bills are regressive, poorly targeted, and costly. They said the deductions would mainly benefit higher earners, violate horizontal equity by treating similar incomes differently, and could encourage compensation restructuring. They also warned the combined cost would exceed $500 million over the 2028-29 biennium and could pressure funding for health care, education, and other public services. Mark Havenman of the Minnesota Center for Fiscal Excellence similarly criticized the bills on tax fairness and administrative grounds, noting the federal tip deduction framework is still under development and could create enforcement issues. Nonpartisan staff provided revenue estimates showing HF 3524 would reduce general fund revenue by about $365.9 million in fiscal 2027 and HF 3525 by about $126 million in fiscal 2027, with smaller ongoing impacts in later years. Members also raised questions about how the bills would be paid for and what income would qualify under the overtime deduction.

Transcript Highlights:

• Are there opportunities that you see to direct federal funding?
• I think so, look, there are funding pots from federal highways.
• This proposal maintains funding for these important programs with a different funding source while helping
• One is that the funding does maintain funding, albeit from a different fund source, for those programs
• the Clean Cars for All Program. some funding.

Keywords: 988, house, all

Transcript Highlights:

• So instead of that, you can say, "I love this program, but I'm concerned that there's no funding source
• The federal government is reducing funding for election offices. And the U.S.
• The federal government is reducing funding for election offices. And the U.S.
• The federal government is reducing funding for election offices. And the U.S.
• help grow that fund. help grow that fund.

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:

• So, that's a federal a federal area. So, that's a federal a federal area.
• Increasing funding for wolf and elk depredation programs is a common-sense step that protects family
• That number is significant because for a second year in a row, funding for depredation programs was exhausted
• Chair, for including increased funding for this program in the committee's budget the past several years
• Chair, for including increased funding for this program in the committee's budget the past several years

Keywords: 1187, senate, all