Video & Transcript Research : 'security services'
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CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 6 on Public Safety Apr 28th, 2025
Transcript Highlights:
- secure youth treatment facility and youth who are committed to the secure youth treatment facility but
- But we've estimated that to maintain the current service levels without any decrease in services, Cal
- But we've estimated to maintain the current service levels without any decrease in services. to maintain
- the current service levels without any decrease in services, Cal OES, we need a federal grant award
- , 119 survivors with legal services.
Summary:
The committee heard a broad public safety budget hearing focused on youth justice funding, probation incentive grants, and disaster response and recovery. On the youth justice item, the Office of Youth and Community Restoration described a proposed change to the JJRBG funding formula that would shift resources away from a DJJ-based measure and toward county youth population, serious offenses, and step-down placements in less restrictive programs. Members asked about data on Native American youth; OYCR said statewide data are limited, but its SYTF data show about 1% of youth in secure youth treatment facilities were Native in 2024. The Department of Finance had no objections, and the item was discussed as a way to support alternatives to long-term incarceration.
The committee then reviewed the community corrections performance incentive program for county probation departments. The Department of Finance proposed stabilizing the program with a maintenance payment, updating the performance baseline, and adding a growth factor; the LAO agreed the formula needed changes but recommended using 2022-23 data instead of 2021-23, using marginal rather than average cost assumptions, rejecting the growth payment and minimum guarantee, and adding stronger oversight through the BSCC. Finance said it was open to some technical changes but opposed a new BSCC audit framework, noting Judicial Council already surveys probation departments and that evidence-based practice use has increased over time. Members and staff indicated the proposal still needed further work.
A major portion of the hearing focused on the January 2025 Southern California wildfires and state disaster response. A resident of Altadena gave emotional testimony about evacuation failures, loss of home, and the need for accountability. LAO and Cal OES outlined the disaster response and recovery system, including mutual aid, alert and warning, debris removal, FEMA and state funding streams, and the long timeline for reimbursement. Cal OES said it had pre-positioned resources, temporarily took over the county’s wireless emergency alert function for about three weeks, coordinated debris removal and recovery operations, and had already allocated more than $286 million in state funds. Officials also discussed the 100% federal cost share for emergency work for 180 days and the uncertainty created by changing federal processes and the cancellation of the BRIC resilience program.
The committee also heard two smaller Cal OES items: a request to reappropriate about $22 million for the law enforcement mutual aid reimbursement program, which the LAO said should be placed in statute with clearer goals and reporting, and an update on Victims of Crime Act funding, where Cal OES said federal VOCA allocations have fallen sharply and that roughly $224 million would be needed to maintain current service levels if federal funding does not improve. Public comment included a request for funding to expand datacasting and emergency alert receivers for wildfire and earthquake warning.
AZ
Transcript Highlights:
- SB 1639, school security fraud. Education ATT. SB 1639, school security projects, capital fine.
- SB 1707, appropriation artificial intelligence border security.
- SB 1738, Coconino County Juvenile Services appropriation.
- SB 1775, in-may telephone system service contracts. SB 1776, traditional healing services access.
- SB 1776, traditional healing services access.
Summary:
The Senate convened with prayer, the Pledge of Allegiance, a recorded roll call showing 30 members present, and approval of the previous journal. The President announced receipt of HB 2022 from the governor and made temporary committee substitutions for the Rules Committee. The chamber also received a large calendar of first- and second-reading bills and resolutions covering elections, education, water, public safety, marijuana, housing, taxation, and other topics.
A major presentation recognized licensed naturopathic physicians in the gallery, who were invited to support SB 1178, a bill expanding their authority to administer certain intravenous legend drugs, including antibiotics, antivirals, and antifungals. The Senate then recessed to honor public safety personnel with a proclamation commending Deputies Gregory Sanders and Jacob Montoya, along with several Cochise and Pinal County and Border Patrol personnel, for rescuing an eight-year-old boy from a human trafficking situation. The members applauded the honorees and took photos with them.
After returning to order, several senators used points of personal privilege to urge the Joint Legislative Budget Committee to review $2.85 million in election-related funding requested by the Secretary of State for IT and election infrastructure needs, arguing the money was already available and necessary for secure 2026 elections. Another senator spoke about the need for long-term water planning and reduced groundwater reliance. Additional announcements covered caucus and committee meeting times, Arizona Aerospace Day, and a mental health advocacy group visiting the chamber.
No substantive floor votes on legislation were taken in the portion provided, and the meeting ended with a motion to adjourn until Tuesday, February 10, 2026.
AZ
Arizona 2026 Regular Session
03/30/2026 - House Republican Caucus Calendar #14
Transcript Highlights:
- He's in a facility, but it's not secure.
- He's in a facility, but it's not secure.
- So it will be at the state hospital in a secure facility.
- This will be a secured facility where they will be housed under our state care. Madam Whip.
- This will be a secured facility where they will be housed under our mistake care. Madam one.
Summary:
The caucus briefly reviewed House Bill 2307, which addresses the placement and treatment of dangerous, incompetent defendants when no secure mental health beds are available in Arizona. Staff explained the Senate amendments would allow one such defendant to be housed temporarily at the Arizona State Hospital in a secure setting, require DHS to study the cost of building or converting a secure facility on ASH grounds, create a study committee on long-term secure mental health facility options, and include an emergency clause. The sponsor said the bill is intended as a temporary fix while the state works toward a permanent secure facility, and noted the individual would receive mental health treatment aimed at restoring competency to stand trial. Members asked about where the person would be housed, whether treatment would be provided, and whether out-of-state compacts might be used if needed.
The group then discussed House Bill 272, which as passed the House would have created an optional state certification program for lactation care providers and a related advisory committee under the Arizona Department of Health Services. Staff reported that the Senate adopted a strike-everything amendment turning the bill into an emergency measure repealing Dr. Cesar Estrada Chavez Day. The sponsor, Representative Fink, was reported to concur with the Senate amendments. No votes were taken during the caucus discussion.
HI
Hawaii 2026 Regular Session
JDC, JDC DEFER Public Hearings 03-24-2026
Transcript Highlights:
- The security services funding requested by the Judiciary... Oh, I'm sorry.
- And then separately in the committee report, we'll say that the security services funding requested by
- permanently outsource security services.
- And then separately in the CR will say, will indicate that the security services funding requested by
- permanently outsource security services.
Summary:
The Judiciary Committee heard and acted on several nominations and bills. It first recommended advise and consent for Governor’s Message 573, confirming Luann Blake to the Statewide Elections Accessibility Needs Advisory Committee after she described her experience as a blind voter and her goals of improving outreach and accessibility for voters with print disabilities. The committee then took up the judiciary supplemental budget bill, HB 2095, with testimony from the courts and several supportive organizations. The courts requested funding for security, cybersecurity, substance use treatment contracts, public guardian services, staffing, and capital projects; members questioned the lump-sum CIP request, the substance use contract funding, and the Kamanu Hale elevator project. The committee later voted to pass HB 2095 with amendments, including changes to cybersecurity funding, security-related report language, and other committee-report notes.
The committee also heard HB 1520, which changes the five-year statute of limitations for criminal prosecutions of campaign finance violations to begin upon discovery by the Campaign Spending Commission. The commission supported the bill, saying it would prevent delayed reporting from avoiding prosecution, while one senator raised concerns about due diligence, tolling, and the difference between administrative and criminal enforcement. The bill drew broad support from advocacy groups and was advanced with an amendment clarifying “criminal prosecution.” HB 1548, which reduces the maximum sentence for misdemeanors and other offenses punishable by up to one year to 364 days, received strong support from the Public Defender, immigrant-rights groups, OHA, and others, who said the change would reduce immigration consequences for noncitizens. The committee later amended and passed the bill, limiting it to non-violent offenses.
HB 2050, increasing partial public financing limits and available public funds, was supported by the Campaign Spending Commission and good-government groups, while OHA asked for parity with lieutenant governor races. The committee passed it with amendments increasing the public-fund match and funding levels, and requested additional appropriations in the committee report. HB 2494, which would set factors for warrantless arrests for petty misdemeanors and violations and require documentation of the justification, drew strong support from the Public Defender and civil-liberties advocates but opposition from the Attorney General’s office, prosecutors, police, and some business groups, who warned it would restrict officer discretion and trigger litigation. The committee nevertheless passed it with amendments. In a final decision-making agenda, the committee also passed HB 2250 with amendments, adding blank appropriations and committee-report language related to claims against the state, including claims involving exonerees and a disputed USEPA-related claim.
ND
North Dakota 2025-2026 Regular Session
Legislative Procedure and Arrangements Jun 10th, 2026
Transcript Highlights:
- as it relates to the NCSL security fund and some money that may be available there.
- So we have a discussion of legislative council services to legislators.
- alerts you receive and comply with the information in the security alert.
- Or that child care services directive.
- And I think in the past, we've relied on to go back to human services.
Summary:
The Legislative Procedures and Arrangements Committee met with a quorum and approved the minutes from the previous meeting. The committee first considered and adopted a Joint Rule 211 change clarifying the deadline and statutory references for bill drafts involving health insurance mandates, after discussion that the process is still somewhat cumbersome but improved by the clarification. The committee then reviewed a revised draft addressing confidentiality protections for certain legislators and candidates, but members expressed concerns about the breadth, enforceability, and transparency implications of the proposal, and the committee chose not to advance it at this time.
The committee received an informational update on the new NCSL Legislator Security Fund. Staff explained that North Dakota is applying for the grant, which could provide about $200 per legislator for home security or related safety expenses, subject to Emergency Commission approval and reimbursement procedures. Members asked about eligible expenses, administrative burden, and whether new legislators would be covered; staff said guidance would be provided if funding is approved. The committee also approved the 2027 timing for the State of the Judiciary, tribal-state relationship message, and State of the State address on January 5, and set the Commerce Department and agricultural commodity reports for January 13 and 14, respectively, as required by statute.
A major portion of the meeting focused on legislative staffing and organizational planning. The committee approved a recommendation for 36 Senate staff positions and 41 House staff positions, along with a 3% compensation increase for session staff. Discussion centered on replacing some procedural clerk duties with permanent policy analyst staff, retaining quality assurance roles for now, and adding or repurposing positions in IT, program evaluation, legal, and administration. Members also discussed expanding program evaluation capacity and the need for clearer oversight of new programs, with staff noting upcoming training and model-sharing with other states. Finally, the committee reviewed a proposed new legislator orientation day on November 30 and broader organizational session training changes, including mock committee and floor sessions, security training, and more robust budget/appropriations instruction, but took no final action on the agenda items and adjourned after completing the budget-related recommendations.
MA
Massachusetts 2025-2026 Regular Session
Correctional Consolidation and Collaboration Jun 21st, 2026 at 11:00 am
Transcript Highlights:
- Director of Security at the Isabella Stewart...
- Mitzie oversees some of our critical areas for re-entry, programmatic services, as well as clinical services
- For re-entry, programmatic services, as well as clinical services.
- The services that they need and the services that they should be provided are vastly different than most
- access to replacement Social Security cards.
Summary:
The commission met with a new member from Prisoners’ Legal Services and approved the July 11 minutes. The main presentation came from Department of Correction Commissioner Sean Jenkins and Deputy Commissioner Mitzie Peterson, who gave an overview of DOC facilities, population trends, and the department’s broad mission, including sentenced prisoners, pretrial detainees, civil commitments, Bridgewater State Hospital, and the Section 35 program. They noted the custody population has fallen from about 10,000 in 2016 to roughly 6,000–6,600, while the share serving first- or second-degree sentences has increased. They also reviewed the department’s facility footprint, including Souza-Baranowski, MCI Norfolk, MCI Framingham, Bridgewater, and the planned transfer of the Section 35 program to Health and Human Services by the end of 2026.
A large portion of the discussion focused on programming, education, health care, and reentry. DOC described tablet access for all incarcerated people, free phone calls, email, and more than 330,000 hours of educational, vocational, and reentry use. They highlighted partnerships with colleges and universities such as Tufts, Boston College, Emerson, and others, along with HiSET completion, vocational training, and programs like The Last Mile and Persevere. Health care spending was discussed in detail, including a total annual health-related contract cost of about $300 million, with separate contracts for prison health care, Bridgewater State Hospital, MassAQC, and MAT services. DOC said it has nearly eradicated Hep C and MRSA and now offers all three FDA-approved MAT medications, including long-acting injectables when clinically indicated.
Commissioners also asked about specialized programming, language and disability access on tablets, and how programming is distributed across facilities. DOC explained that nothing is mandatory, but program participation is encouraged and can affect parole consideration. Staff described assessments using COMPAS, criminal thinking interventions, trauma-related treatment, and specialized units for emerging adults, mental health, and substance use. The department said programming costs were about $101 million in fiscal year 2025, or roughly 12% of the operating budget, excluding health care. Members praised the elimination of restrictive housing and the rollout of body-worn cameras, while DOC said the cameras required new policy and union negotiations but are now used for training, accountability, and de-escalation. The meeting ended with a plan for DOC to return in September with more detailed information on SAUs, programming statistics, and facility structure, and the commission voted to adjourn.
HI
Transcript Highlights:
- Are people getting the services they need? Re-entry services from day one?
- You have to have certain security features that minimum-security facilities don't have.
- <00:30:03.919>
minimum <00:30:04.320>security medium security minimum security medium - Chang. assistance with securing employment. assistance with securing employment.
- service subject to certain limitations. service subject to certain limitations.
Bills:
HB1769
Keywords:
criminal justice reform, rehabilitation, private prisons, racial equity, Native Hawaiians, community well-being, mass incarceration, 910, house, all
Summary:
The committee heard House Bill 1769, which would require the Department of Corrections and Rehabilitation to incrementally reduce the number of people incarcerated in private out-of-state correctional institutions. The DCR director opposed the bill, saying the department does not control overall prison population levels because courts determine admissions, and arguing that Hawaiʻi’s in-state facilities are already over capacity, especially Halawa, which he said is 165% over design capacity. He said only a small portion of the population is under departmental control through furlough programs and argued that bringing people home would require building a new medium-security prison.
Supporters, including the Office of Hawaiian Affairs, the Hawaii Correctional System Oversight Commission, the Public Defender’s office, and several individuals, argued the bill creates a phased, accountable path to reduce reliance on mainland prisons and bring people home. Supporters emphasized the harms of separating incarcerated people from ʻohana and culture, the disproportionate impact on Native Hawaiians, and the need for diversion, treatment, re-entry support, and fair sentencing. Several testifiers also said the department has more control than it claimed, pointing to underused furlough options, reclassification, and empty beds at some in-state facilities, while others urged clearer statutory language and guardrails.
Members questioned the director about whether people could be reclassified or moved to available beds at facilities such as Kulani and Waiawa, and about whether the department could do more through staffing and contract changes. The director said some proposals had been sent to the Department of Human Resource Development, but that major facility changes would be costly and that minimum-security facilities would need substantial upgrades to house medium-security inmates. After discussion, the chair said the committee would defer HB 1769 to Wednesday, February 18, 2026, at 11:30 a.m. for decision-making and adjourned the meeting.
MN
Minnesota 2025-2026 Regular Session
Press Conference: Announcement to Allow Rideshare Drivers the Right to Form a Union - 02/25/25
Transcript Highlights:
- My name is Greg Namer, and I'm the president of SEIU Local 26, a union of 8,000 property service and
- This is a set of folks who give a very important service to our entire community, and yet they do not
- This is a set of folks who give a very important service to our entire community, and yet they do not
- This is a set of folks who give a very important service to our entire community, and yet they do not
- He is a rideshare driver and member of SEIU Local 26 already as a security officer.
MN
Minnesota 2025 1st Special Session
House Elections Finance and Government Operations Committee 2/12/25
Elections Finance and Government Operations
Transcript Highlights:
- safety um to provide customer service safety um to provide customer service and<00:02:42.200>
- >
various and filing Services um for various and filing Services um for various businesses<00: - the other nine provided that service the other nine provided that service only<00:47:36.000>
- also at the Department of Human Services also at the Department of Human Services I<00:48:23.640
- be unverified in the social security be unverified in the social security systems<01:05:11.400><
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, May 13, 2025)
US Federal House Floor Meeting
Transcript Highlights:
- It removes taxes on Social Security.
- It removes taxes on Social Security.
- Camp Freedom service here at home.
- Thank you, and I yield back. service mattered. Their sacrifice will service mattered.
- lifetimes of service act or below's act. lifetimes of service act or below's act.
MN
Minnesota 2025-2026 Regular Session
House Elections Finance and Government Operations Committee 3/4/26
Elections Finance and Government Operations
Transcript Highlights:
- security services to the definition of non-campaign disbursement.
- <00:36:31.760>
of security services to the definition of security services to the definition - Um, I might defer to— it is a modification of the definition of security services.
- So this is an exclusion from the definition of security services.
- This amendment adds security services.
Keywords:
tribal governments, Metropolitan Council, grant programs, funding, local government, small business, contracting, veteran-owned businesses, compliance, government contracts, housing finance, reporting requirements, regional development, city programs, elected officials, campaign access, multiple unit dwellings, residential access, voter registration, 1183
Summary:
The committee met on March 4, 2026, and first approved the minutes from March 2 by voice vote. It then took up several Metropolitan Council agency bills, with members repeatedly moving to lay them over for possible inclusion or, in one case, to re-refer a bill to another committee. The first three bills discussed were House File 3884, House File 3881, and House File 3882, all presented as administrative or programmatic changes intended to streamline Met Council processes.
House File 3884 would allow tribal governments and tribal development entities to apply directly for Metropolitan Council Livable Communities Act grants and community tree planting grants, rather than applying through a city or other local government. Testimony from Met Council staff said the bill would simplify access and align the Met Council’s tree-planting program with existing DNR authority. House File 3881 would expand the Met Council’s contracting authority to include small businesses more broadly, require an annual report to the legislature on small-business contracting, and repeal a duplicative statute on certificates of compliance. House File 3882 would make a range of administrative cleanups, including removing an obsolete housing-bond review role, clarifying outdated statutory language, extending the review cycle for metropolitan significance rules from every two years to every 10 years, clarifying reporting and Livable Communities Act provisions, changing regional parks operations-and-maintenance reimbursements to rely on audited financial statements, and clarifying agricultural preserves procedures.
The committee also considered House File 3883, which was amended with an A1 amendment before adoption. That bill updates appointments to the Metropolitan Area Water Supply Advisory Committee, known as MOSAC, including direct appointments for certain county representatives and adding a tribal representative appointed by the Minnesota Indian Affairs Council, while also cleaning up outdated language and eligibility provisions. A former MOSAC member spoke in support of the committee’s work, and the chair said the bill was common-sense and renewed the motion to lay it over as amended. Finally, the committee began House File 3363, a bill described by the author as a response to safety concerns after the June events, aimed at removing public access to legislators’ home addresses from Campaign Finance Board materials; discussion had just begun when the transcript ended.
NE
Nebraska 2025-2026 Regular Session
Health and Human Services Committee - Room 1510 Jun 30th, 2026
Health and Human Services
Transcript Highlights:
- Welcome to the Health and Human Services Committee. I'm Senator Brian Hardin.
- It's not— that's over in the Division of Children and Family Services.
- It does seem more like a cold, secured facility.
- It does seem more like a cold, secured facility.
- We believe that youth thrive in a, more like a cold secured facility.
OK
Oklahoma 2026 Regular Session
Appropriations and Budget General Government Subcommittee 2nd Revision: Agenda Revised: 10:30 a.m. Ethics Commission
A&B General Government Subcommittee
Transcript Highlights:
- Story about Service Oklahoma.
- their motor vehicle services system.
- secure in the world.
- One thing I note: FY23 we only had services for a partial year, so we only had motor vehicle services
- Service Oklahoma, you can still walk into a hometown location and get those services provided.
MA
Massachusetts 2025-2026 Regular Session
Correctional Consolidation and Collaboration Jun 21st, 2026 at 10:00 am
Transcript Highlights:
- I went back to maximum security there.
- So what security level, I mean, what was the security risk that the superintendent found to not allow
- So what security level, I mean, what was the security risk that the superintendent found to not allow
- It's also under Health and Human Services. DYS is under Health and Human Services. Thank you.
- It's also under Health and Human Services. DYS is under Health and Human Services.
Summary:
The Special Commission on Correctional Consolidation and Collaboration met at 10:07 a.m. and approved the minutes from its February 9 meeting. The commission said it would accept Department of Correction testimony in writing because of a scheduling issue, and then spent most of the hearing hearing from people with lived experience in county and state correctional settings. Members repeatedly reminded witnesses to keep remarks to about three minutes and focused the discussion on correctional consolidation, collaboration, programming, and reentry.
Testimony from multiple sheriff’s offices was broadly supportive of county-based programming, treatment, education, and reentry services. Witnesses from Hampshire, Barnstable, Hampden, and Franklin counties described access to GED and college courses, vocational training, recovery meetings, therapeutic groups, housing and ID assistance, work release, and reentry centers. Several said these programs helped them gain sobriety, employment, family reunification, and parole readiness. Hampden County witnesses emphasized immediate reentry planning and individualized case management; Franklin County witnesses praised respectful treatment and an accessible off-site reentry center; Barnstable witnesses highlighted the women’s therapeutic treatment program, creative writing, and the Bridge Center; Hampshire witnesses described the Bridge House, work release, and transition supports.
Several witnesses contrasted those experiences with what they described as limited or delayed programming in DOC facilities, especially for people serving longer sentences or with restrictive classifications. One witness said DOC programming was hard to access because shorter sentences and offense labels affected eligibility; another described overcrowding, little counseling, and no reentry planning in state prison. A juvenile lifer testified that classification barriers and lack of tailored programming left him feeling unprepared, and another witness said DOC’s handling of classification hearings and records was unfair and opaque. Some speakers also raised concerns about mental health care and visitation policies, especially at Framingham, where one witness said suicidal thoughts were met with inadequate responses and another said family visitation was denied without clear explanation. Commissioners asked follow-up questions about DOC access, step-down opportunities, family support, and whether more transitional housing or acclimation time before release would help. No formal votes were taken beyond approval of the prior minutes.
NH
New Hampshire 2026 Regular Session
House Science, Technology and Energy (02/10/2026)
Science, Technology and Energy
Transcript Highlights:
- Our corporate information security services policies and standards also apply to all aspects of our company
- Our corporate information security services policies and standards also apply to all aspects of our company
- Our corporate information security services policies and standards also apply to all aspects of our company
- security? security?
- default service is a backs stop service default service is a backs stop service and<03:45:57.359
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Monday, February 23, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- Investments like this are essential to our national Security.
- That benefits U.S. homeland security.
- First and foremost, this bill will undermine our national security.
- Let's talk about those operational security risks.
- LET'S TALK ABOUT THOSE OPERATIONAL SECURITY RISKS.
MN
Minnesota 2025 1st Special Session
Legislative Commission on Data Practices 12/11/25
Minnesota House Floor Meeting
Transcript Highlights:
- could have security implications and we could have security implications and we have<00:09:46.080>
- And those called now, human services.
- . services. services.
- a shared services entity. a shared services entity. and<01:31:21.120>
then <01:31:21.280>< - can identify names social security can identify names social security numbers<01:54:12.800>
I
TX
Transcript Highlights:
- on Homeland Security.
- and child care licensing services and calling processing goals for certain of those services refer to
- the committee on human services.
- HB 661 by Gervin Hawkins relating to a deadline for completing services. under a family service plan,
- Refer to the Committee on Human Services.
NH
New Hampshire 2025 Regular Session
House Ways and Means (01/27/2025)
Transcript Highlights:
- <00:25:57.440>
stocks and cash checks Securities stocks and cash checks Securities stocks - but we don't liquidate those Securities but we don't liquidate those Securities until<00:35:19.000
- There is a lot of volatility in those securities, or those, I guess I'm going to call them securities
- What that regulation involves is that whatever products or services are being provided to a securities
- >
a <01:16:11.560>Securities <01:16:12.040>client being provided to a Securities
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.
AL
Alabama 2025 Regular Session
Alabama House Financial Services Committee Apr 9th, 2025
Financial Services
Transcript Highlights:
- We are the largest trade association representing money service businesses.
- We provide essential services to people in Alabama.
- Uh, MSB is money servicing business and...
- I'm with the Alabama Securities Commission.
- Any other questions for the securities commission? securities commission? All right. Thank you.
Bills:
HB297