Video & Transcript Research : 'irrevocable trust'
Page 160 of 456
FL
Florida 2025 Regular Session
January 15, 2025 - 09:00 AM
Transcript Highlights:
- public sector investment and administrative service provider while exemplifying the principles of trust
- And our mission is to provide superior investment management and trust services by proactively and comprehensively
- all of our other mandates, like the CAT Fund, for example, we establish investment guidelines and trust
- all of our other mandates, like the CAT Fund, for example, we establish investment guidelines and trust
Summary:
The Government Operations Subcommittee met with a quorum and began with member introductions and remarks from the chair emphasizing the committee’s focus on government efficiency, accountability, and oversight of executive branch agencies. Members shared their districts and backgrounds, with several noting hurricane recovery in their communities and a shared interest in reducing bureaucracy and improving service to Floridians.
The committee’s only presentation was from Chris Spencer, Executive Director of the State Board of Administration, who gave an overview of the SBA’s governance structure, investment responsibilities, and divestment policies. He explained the SBA’s management of more than $257 billion in assets, including the Florida Retirement System, the Florida Hurricane Catastrophe Fund, and Florida PRIME, and reviewed the Protecting Florida’s Investments Act restrictions covering Northern Ireland, Cuba, Venezuela, Israel, Sudan, Iran, and China. He also described the implementation of HB 7071, including the required divestment from direct holdings in Chinese companies, and said the SBA had reduced its direct Chinese holdings from 33 companies totaling over $172 million to 13 companies totaling about $64 million, with completion expected ahead of the September 1, 2025 deadline.
Members asked detailed questions about the Israel boycott list, Morningstar and MSCI, how the SBA gathers information, whether Cuba’s federal designation changes affect Florida law, how companies are removed from scrutinized lists, and whether divestment timing could affect returns. Spencer said the SBA uses public and paid research sources, gives companies a 90-day cure period in some cases, and brings list changes to the trustees for approval. He also explained that the China benchmark change is intended to reduce passive exposure while still allowing active investment decisions, and said the PFIA restrictions have had a modestly positive overall effect on pension performance. The chair also asked about the Florida Retirement System funded ratio and the CAT Fund’s capacity; Spencer said the pension fund is at 80.7% funded, that actuarial assumptions are reviewed regularly, and that the CAT Fund currently has more than $10.5 billion in liquid claims-paying capacity and is expected to remain well positioned for hurricane losses. No votes were taken, and the meeting adjourned after the presentation and questions.
HI
Hawaii 2026 Regular Session
WLA, WLA DEFER Public Hearings 02-18-2026
Transcript Highlights:
- <01:05:17.839>
for constitution around public trust for constitution around public trust for - Yet, our beaches and our public trust resources are the foundation of our economy and our way of life
- >
are <01:13:33.360>the public trust resources are the public trust resources are the foundation - the much needed uh public trust the much needed uh public trust responsibilities<01:27:27.120>
- So, Maui has been a leader in protecting our public trust resources, and we stand in full support.
Summary:
The committee took up Senate Bill 3019, which would cap ticket resale prices at face value for events in Hawaii and authorize DCCA to enforce violations. DCCA’s Office of Consumer Protection opposed the bill and said it preferred a ticket transparency approach focused on upfront disclosure of fees, while supporters argued the measure would curb scalping, bots, and extreme markups. Testimony from the National Independent Venue Association and a concert promoter emphasized that resale does not add inventory and said the bill would protect consumers; committee members questioned DCCA about enforcement and cited examples of very high resale prices for local concerts. No vote was taken in the excerpt, and the chair said the measure would be moved along for further consideration.
The committee then heard Senate Bill 3311, which would create the Strengthen Hawaii Homes Program within DLNR to fund fire-mitigation grants for residential property owners. DLNR supported the bill, saying the need is immediate and that the program is modeled on successful mainland efforts, though the department said it ultimately belongs under the State Fire Marshal once that office has capacity. DCCA’s Insurance Division submitted written comments only. The measure was received without further action in the excerpt.
Senate Bill 2979, authorizing DLNR and community-based organizations to enter community co-management agreements for state lands, drew broad support from OHA, community groups, and several individuals, who said the bill would formalize partnerships, strengthen shared responsibility, and help community stewardship efforts. Testifiers clarified that the bill does not require 65-year agreements and said the term should be left to DLNR’s discretion. The committee then moved on without questions or a vote shown in the excerpt.
Finally, the committee heard Senate Bill 2351 on the state park special fund, which would allow DLNR to use fund monies for environmental protection programs. DLNR’s state parks administrator opposed the bill, saying the special fund is already fully committed to urgent maintenance and infrastructure needs across an aging park system, and warned that diverting money would weaken the fund’s ability to support parks. The Tax Foundation also submitted written testimony, and a community witness opposed the measure for similar reasons. The excerpt ends as the committee begins Senate Bill 2918, which would require HCDA to establish a community action center in Chinatown; HCDA’s executive director expressed concern about jurisdiction and said the city and county should continue leading that work.
NH
Transcript Highlights:
- District spend from the education trust fund would be around $420 million.
- would be the ask of the education trust would be the ask of the education trust fund<00:24:33.760
- education trust fund in fiscal year 28. education trust fund in fiscal year 28.
- So again, put more of the BPT or more of the business taxes into the education trust fund.
- This bill is funded through the Education Trust Fund. Where did that fund come from?
CA
California 2025-2026 Regular Session
Assembly Transportation Committee Jun 22nd, 2026
Transportation
Transcript Highlights:
- And so when we expand or ignore those, we are saying that the legislative process, that don't trust that
- And so... ...that the legislative process, that don't trust that part of the legislative process.
- Coalition, Mid-Peninsula Regional Open Space District, East Bay Regional Park District, and the Land Trust
- Mark Fenstermaker, here on behalf of the California Council of Land Trusts, the Peninsula Open Space
- Trust, and the Santa Clara Valley Open Space Authority, in support.
CA
California 2025-2026 Regular Session
Assembly Transportation Committee Jun 22nd, 2026
Transcript Highlights:
- And so when we expand or ignore those, we are saying that the legislative process, that don't trust that
- Coalition, Mid-Peninsula Regional Open Space District, East Bay Regional Park District, and the Land Trust
- Coalition, Mid-Peninsula Regional Open Space District, East Bay Regional Park District, and the Land Trust
- Mark Fenstermaker, here on behalf of the California Council of Land Trusts, the Peninsula Open Space
- Trust, and the Santa Clara Valley Open Space Authority, in support.
Summary:
The Assembly Transportation Committee met first as a subcommittee due to the lack of a quorum, then later obtained a quorum and took up several bills. The committee heard SB 1064, which would reduce the frequency of Clean Truck Check testing for low-use heavy-duty vehicles; supporters said it would ease burdens on rural agricultural businesses, while clean air advocates opposed it as weakening an important emissions program. The bill was approved and sent to the Assembly Appropriations Committee. The committee also heard SB 1174, which would give Caltrans bid preferences to construction firms with employee stock ownership plans; supporters argued it would build worker wealth and improve project quality, while contractor groups opposed it as likely to raise costs and reduce competition. That bill was approved and sent to the Assembly Judiciary Committee. The consent calendar items SB 607, SB 962, and SB 990 were also approved.
The committee then heard SB 1279, which would allow Long Beach to place additional speed safety cameras on Pacific Coast Highway. Long Beach officials and several safety and advocacy groups supported the bill, citing high fatality rates and repeated pedestrian crashes on that corridor, while some members raised concerns about fines, affordability, and whether cameras would address pedestrian-related collisions. The bill passed as amended to the Assembly Privacy and Consumer Protection Committee. SB 1213, the Clean Truck Transportation Act, would require more price transparency for medium- and heavy-duty zero-emission truck incentives and direct agencies to explore alternative financing tools; supporters said it would improve affordability and competition, while one manufacturer and the trucking association raised implementation concerns. It passed to the Assembly Natural Resources Committee.
The committee also heard SB 1013, which would tighten rules for automated license plate reader use by limiting retention to 30 days, requiring audits and training, and restricting access and hot list use. Privacy advocates supported the bill as overdue accountability, while law enforcement groups argued the retention limit would hinder investigations and that some technical definitions needed work. The bill passed to the Assembly Privacy and Consumer Protection Committee. SB 1315, dealing with advanced driver assistance systems, would prevent automakers from disabling a consumer’s ability to drive their own vehicle through software updates and would encourage DMV testing questions about ADAS responsibilities; after amendments, industry opposition softened and the bill passed to the Assembly Judiciary Committee. Finally, SB 1246, on autonomous vehicle emergency response, would require U.S.-based remote drivers, quicker on-scene response, and better coordination with local agencies; first responders and labor groups supported it, while AV industry groups remained opposed unless amended. The bill passed to the Assembly Communications and Conveyance Committee. The transcript ended as the committee began hearing SB 1250, a planning bill to incorporate wildlife connectivity into transportation asset management, with the sponsor and supporters explaining it would improve safety and habitat planning without mandating specific projects.
MA
Massachusetts 2025-2026 Regular Session
Senate Committee on Intergovernmental Affairs Jun 21st, 2026 at 01:00 pm
Senate Committee on Intergovernmental Affairs
Transcript Highlights:
- She has conducted an incredible amount of cooperative research and has earned the trust of the fishing
- You know, speaking of NIMS, do I trust their data after working for them for six-plus years?
- I trust their data. Thank you. I didn't know them from a hole in the wall.
- I trust their data a hundred times over.
- Whether it's pro-scallop or anti-scallop, I can trust their data.
Summary:
The joint hearing focused on the Atlantic sea scallop fishery, with particular attention to Massachusetts ports, federal scallop management, the proposed reopening of the Northern Edge on Georges Bank, and permit stacking/consolidation. The chair opened by noting the hearing would take written and oral testimony, that time was limited, and that the discussion was intended to inform legislative engagement with federal regulators rather than decide the issue directly. Dan McCarron of the Massachusetts Division of Marine Fisheries and Dr. Kate O’Keefe of the New England Fishery Management Council outlined the federal management structure under the Magnuson-Stevens Act, the role of annual catch limits and rotational closures, and the economic importance of scallops to New Bedford, Gloucester, and other Massachusetts ports. O’Keefe said the council’s current scallop framework is based on annual management, research surveys, and public input, and that recent environmental changes and uncertainty are affecting catch advice and biomass.
Dr. O’Keefe and later Dr. Kevin Stokesbury of UMass Dartmouth described the fishery’s recent condition: abundance has increased in some areas, but biomass has fallen because many scallops are still too small to harvest, and changing ocean conditions and natural mortality are affecting the stock. They said the Northern Edge action was considered as a joint scallop/habitat framework but was discontinued in 2024 because the council could not reconcile competing objectives involving scallop yield, habitat protection, and impacts on other species such as cod, lobster, and herring. Stokesbury emphasized the long-running collaborative survey work with industry, said the fishery remains highly productive, and argued that the science supports careful rotational management and that the Northern Edge could be highly productive for scallops, though he acknowledged habitat tradeoffs. Committee members pressed both witnesses on why the issue had remained unresolved for so long and whether the council could revisit it through a future framework.
Representatives of the Sustainable Scalloping Fund, including attorney Drew Kavage, John Lees, Sam Blasley, and Tony Alvernes, urged support for reopening the Northern Edge and for permit stacking, which would allow more than one scallop permit on a vessel while keeping ownership caps in place. They argued the fishery is a major economic driver, that industry-funded research has supported sustainable management, and that stacking would help family-owned operators reduce costs, improve safety, and avoid financial distress. They also stressed the need to protect working waterfront infrastructure in New Bedford and other ports. The chair said he was not opposed to stacking in principle but wanted to avoid a slippery slope toward excessive consolidation or private equity control; he noted that any stacking change would require an amendment to the fishery management plan or federal action. No votes were taken, and the hearing concluded with an invitation for continued engagement and future updates on the council process.
LA
Louisiana 2026 Regular Session
Commerce May 20th, 2026
Commerce, Consumer Protection, and International Affairs
Transcript Highlights:
- So until the program is really active, it's not going to impact any cost to the trust.
- It's purely, like I said, a seal of approval so people know, okay, I can probably trust this thing a
- It's purely, like I said, a seal of approval so people know, okay, I can probably trust this thing a
- It invites consumers to trust, quote-unquote, state-approved vendors while denying any responsibility
- It invites consumers to trust, quote-unquote, state-approved vendors while denying any responsibility
Summary:
The committee took up several House measures. HCR 66, as amended, asked Louisiana Economic Development and the Governor’s Office of Rural Development to study rural parish assets, infrastructure, workforce, and development opportunities, and it was moved forward without objection. HB 387, a clarification to allow the fire marshal’s office to review architectural and engineering plans equally, also passed favorably without objection. HB 1223, which would have LED promote Louisiana’s clinical trial capacity and adjust internal review board processes, was amended and moved favorably. HB 950, aimed at helping older adults recognize and avoid fraud through materials and resources from the Office of Elderly Affairs, was reported favorably. HB 975, a routine measure to recreate the Public Service Commission, was also reported favorably. HB 1186, which would create a more uniform statewide building code and licensing system for inspectors, was amended and moved favorably. HB 1222, described as a Grocery Initiative Act to let LED identify ways to address food deserts and food insecurity, was introduced near the end of the meeting.
The most extensive debate centered on HB 617, a consumer transparency bill requiring mandatory fees to be included in upfront pricing. The author said the bill was intended to curb hidden fees and help consumers compare prices, with examples such as hotel resort fees and automatic restaurant service charges. Supporters argued it would improve transparency, while opponents from grocery, restaurant, hotel, housing, retail, and business groups said the bill was too broad, vague about terms like “total price,” unclear on enforcement and penalties, and could create compliance burdens and litigation risk, especially for small businesses. Housing advocates opposed the bill’s housing carve-out, arguing it could weaken renters’ ability to bring unfair-practice claims. Senator Morris moved to defer HB 617, and the committee agreed without objection.
The committee also heard lengthy testimony on HB 797, which would create a Bayou Gold certification for certain transactional gold vendors that meet state-defined standards such as segregation, insurance, and nearby storage. The sponsor said the goal was to give consumers confidence and encourage vendors to keep gold closer to Louisiana, while critics argued the program would amount to a state endorsement of private companies, create misleading consumer impressions, and expose the state to confusion or liability. The bill drew opposition from the Sound Money Defense League and others, but the committee ultimately reported HB 797 favorably, with the understanding it still had to go to Finance. HB 1228, a hearing-aid cleanup bill updating definitions, contracts, testing periods, and licensing rules, was also moved favorably without objection.
LA
Transcript Highlights:
- And if you don't trust Heritage, you can trust the National Bureau of Economic Research.
- Senate Bill 319 provides for trust but verify for the identity of the voter before counting the ballot
- So really what this bill should be called is that we don't trust our community.
- Really, what this bill should be called is that we don't trust our community bill, because it's saying
Bills:
HR118, HR196, HR237, HR285, HCR85, HB442, HB443, SCR5, SCR29, SCR33, SCR63, SB25, SB202, SB319
Keywords:
water utility, tax credit, excessive rates, residential service, subcommittee, fallen trees, property damage, insurance, property values, hurricanes, storm damage, local government, homeowners, risk management, committee study, census, military population, Department of Defense, representation, federal funding
MN
Transcript Highlights:
- Johnson Economic Protection Trust Fund, and it establishes new fixed distributions to certain cities
- Johnson Economic<00:08:21.919>
Protection <00:08:22.360>Trust <00:08:22.640>Fund - Economic Protection Trust Fund Economic Protection Trust Fund and<00:08:23.840>
it <00:08:23.919 - > [laughter] >> I had a lot to learn, a lot to catch up on, and just really appreciate kind of the trust
MN
Transcript Highlights:
- transparency and the strength of accountability, remembering that we are stewards of a sacred public trust
- simple protected space for girlhood, but instead it has become a forced violation of privacy where trust
- simple protected space for girlhood, but instead it has become a forest violation of privacy where trust
- We can't trust this administration when they claim they're fighting to protect women.
- We can't trust this administration when they claim they're fighting to protect women for the first time
MN
Transcript Highlights:
- so that testifiers and members all have enough time, and we're going to be rescheduling the school trust
- Oh, I had questions about school trust lands, but >> [laughter] >> no, um our state. our state.
- 20:50.560>
questions <00:20:50.920>about <00:20:51.120>school <00:20:51.400>trust - Oh, I had questions about school trust Oh, I had questions about school trust lands,<00:20:52.120
AL
Alabama 2026 1st Special Session
Alabama House Public Safety and Homeland Security Committee Feb 25th, 2026
Public Safety and Homeland Security
Transcript Highlights:
- thank you for those comments, and I say the representatives here from APOS, they're in the room, and I trust
- thank you for those comments, and I say the representatives here from APOS, they're in the room, and I trust
- thank you for those comments, and I say the representatives here from APOS, they're in the room, and I trust
- thank you for those comments, and I say the representatives here from APOS, they're in the room, and I trust
- thank you for those comments, and I say the representatives here from APOS, they're in the room, and I trust
Keywords:
fundraising, Alabama Educational Television, state authority, public broadcasting, legislation influence, emergency management, public funds, educational materials, promotional materials, state agency, ambulance services, balance billing, health insurance, emergency transportation, reimbursement rates, water recreation, public access, water bodies, recreational use, water commissions
VT
Transcript Highlights:
- This past Monday, the nation, and I trust you, paused for a moment to remember and honor the Reverend
- them now, not as an artifact of history, but as a living challenge to all of us who would hold public trust
- challenge to all of us who would<00:06:25.520>
hold <00:06:25.919>public <00:06:26.319>trust - would hold public trust. would hold public trust.
NH
Transcript Highlights:
- In this bill, entity is broadly defined to include corporations, LLCs, trusts, partnerships, incorporated
- messages and even spoof bank phone numbers to convince customers that they're interacting with their trusted
- <00:54:03.920>
with <00:54:04.080>their <00:54:04.760>their <00:54:04.880>trusted - interacting with their their trusted interacting with their their trusted institution. institution
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Dec 8th, 2025 at 09:12 am
Transcript Highlights:
- future distributions we expect to go to the Severance Tax Permanent Fund, the Early Childhood Education Trust
- revenues at FY24 levels, and those funds are now flowing into other funds such as the Early Childhood Trust
- We are continuing the investments that you've made in the Early Childhood Trust Fund, the Medicaid Trust
- Fund, the Behavioral Health Trust Fund, and the Opportunity Scholarship.
WA
Washington 2025-2026 Regular Session
House Civil Rights & Judiciary Dec 5th, 2025
Transcript Highlights:
- divorces, to help small businesses, to help with To help small businesses, to help with wills and trusts
- those same communities where they have already become familiar with the populations there and are trusted
- those same communities where they have already become familiar with the populations there and their trusted
- They reduce recidivism and build community trust in the judicial system and the process.
- They reduce recidivism and build community trust in the judicial system and the process.
Summary:
The work session began with a discussion of expanding opportunities in the legal profession, especially in response to shortages of lawyers in rural Washington and in public service roles. Washington State Bar Executive Director Tara Nevitt described a slowly growing but aging attorney population, noted that younger attorneys have declined, and outlined efforts such as supervised practice pathways to bar admission, reduced admission-by-motion experience requirements, expanded law clerk capacity, rural job fairs and grants, and a pilot program allowing innovative legal service delivery models. Members asked about bar passage score changes, loan repayment assistance, and the former Limited License Legal Technician program; Nevitt said the bar is monitoring other states and remains in dialogue with the court about paraprofessional licensing. Law school representatives from UW, Seattle University, and Gonzaga emphasized public service pipelines, financial barriers, and rural legal deserts, citing LRAPs, scholarships, stipends, clinics, and hybrid or regional programs designed to recruit and retain students in Washington. Seattle U highlighted its FlexJD and hybrid hub partnerships in underserved areas, while Gonzaga and UW reported substantial shares of graduates entering public service, though most still cluster in urban regions. The committee also heard from the Washington Association of Prosecuting Attorneys and the Office of Public Defense, both of which described severe recruitment and retention problems in rural counties, with vacancies, low applicant pools, and the need for higher salaries, housing help, internships, and loan support. The Office of Public Defense said its internship and fellowship program, created by SB 5780, has already placed interns in rural counties and produced some commitments to return after graduation. The Washington State Bar’s law clerk program was also presented as a pathway that helps people train locally and remain in their communities, including by supporting succession for aging solo practitioners.
The committee then shifted to family law and guardianship issues. On Title 26 guardian ad litem practice, presenters from Northwest Justice Project and private family law practice said GALs can play an important role but that training, oversight, and consistency remain major concerns, especially in domestic violence cases. They described problems such as inadequate training, bias, inconsistent recommendations, high fees, and lack of accountability, and suggested stronger, standardized training, more use of mental health professionals for custody evaluations, and better oversight mechanisms. Members asked about county practices, including rotation systems for GAL appointments and whether King County’s family court assessors provide a useful model. The discussion then moved to minor guardianships under the Uniform Guardianship Act. A Superior Court judge said the 2021 changes increased the need for court visitors and appointed counsel, but courts are struggling to find qualified attorneys and visitors, especially in rural areas. A former commissioner said most of the bill under discussion was technical cleanup to align prior amendments, though it would add some fiscal burdens. Administrative Office of the Courts staff reported that the statewide reimbursement program for UGA implementation has repeatedly run out of money earlier each year, with minor guardianship costs making up most of the expense. The Office of Public Guardianship then described rapid growth in demand for adult guardianship and less restrictive alternatives, noting that referrals and caseloads have risen sharply, but that the office is constrained by a shortage of certified professional guardians and low compensation levels. Finally, the committee began an update on Blake implementation from the Office of Civil Legal Aid, which funds civil legal services related to the decision, before the transcript cut off.
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Sep 25th, 2025
Transcript Highlights:
- Because we receive our authority, which comes through the Transportation Trust Fund at a federal level
- , meaning that There's less disruption to the Federal Transportation Trust Fund than there are for other
- Thank you, and then I just want to plug the Transportation Trust Fund bill that I think every member
- One of the features of the Transportation Trust Fund bill that I carried was to take unused capital out
- And after a certain period of time, if it's just not going to be spent, feed it back into the trust fund
NM
New Mexico 2025 Regular Session
IC - New Mexico Finance Authority Oversight Sep 9th, 2025
New Mexico Finance Authority Oversight Committee
Transcript Highlights:
- We are going to the Water Trust Board. We're hopeful about that.
- Or are you just doing the one application to the Water Trust Board?
- At this time, Representative Prazos, we are just submitting to the Water Trust Board.
- We are preparing other paths forward if we're ultimately not successful with the Water Trust Board.
- But in the event there is a gap between the Water Trust Board or the NAB Bank funding, we would be potentially
NH
Transcript Highlights:
- than their due adequacy aid to remit the so-called excess to the DRA for depositing in the education trust
- But what it does do is it adds to the cash on hand in the education trust fund by that nearly $30 million
- than their due adequacy aid to remit the so-called excess to the DRA for depositing in the education trust
- But what it does do is it adds to the cash on hand in the education trust fund by that nearly $30 million
- relative to the education funding program because all it does is bring in $29 million into the education trust
MN
Minnesota 2025-2026 Regular Session
House Floor Session Mar 13th, 2025
Minnesota House Floor Meeting
Transcript Highlights:
- Members, this is the annual bill which appropriates money out of the Environment and Natural Resources Trust
- Minnesotans should be trusted to make what should be private health care decisions in consultation with
- ensure that every mom in Minnesota receives maternal health care and support from the people they trust
- people's crises and states of desperation as an opportunity to take advantage of their vulnerability and trust
- Minnesotans should be trusted to make private healthcare decisions with accurate information in consultation