Video & Transcript Research : 'revocable trust'
Page 160 of 467
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 1 on Education Apr 23rd, 2026
Transcript Highlights:
- see, if you happen to have it, and I would hope we'd have it, I imagine someone like the Education Trust
- Cabria Payton on behalf of Ed Trust West and the Dual Enrollment Coalition of California, here to raise
- In addition to supporting this allocation, Ed Trust West aligns our goal with the SPI to respectfully
- I'm here on behalf of Ed Trust West in shock support of the proposed $100 million.
- I'm here on behalf of Ed Trust West and Shocks support of the proposed $100 million one-time to establish
AL
Alabama 2026 Regular Session
Alabama Senate County and Municipal Government Committee Feb 10th, 2026
County and Municipal Government
Transcript Highlights:
- mean, I'm kind of reading the room here, and I think you've got some colleagues that know you and trust
- mean, I'm kind of reading the room here, and I think you've got some colleagues that know you and trust
- mean, I'm kind of reading the room here, and I think you've got some colleagues that know you and trust
- mean, I'm kind of reading the room here, and I think you've got some colleagues that know you and trust
- I think you've got some colleagues that know you and trust your intentions, and I'm one of them.
Keywords:
municipal tax, license fee, local tax increase, ordinance, public hearing, 30-day notice, municipal notice requirements, city council, town council, Alabama municipalities, Code of Alabama 1975, Section 11-45-2, open meetings website, newspaper publication, local government finance, tax transparency, fee increase, municipal ordinance procedure, University of South Alabama, Board of Trustees
VT
Transcript Highlights:
- May we honor the trust placed in us by those we represent.
- This bill would create a continuum of confidentiality and a trusted pathway to the best support that
- create a continuum of confidentiality<00:18:42.480>
and <00:18:42.720>a <00:18:42.960>trusted - <00:18:43.360>
pathway <00:18:43.760>to confidentiality and a trusted pathway to confidentiality - and a trusted pathway to the<00:18:44.160>
best <00:18:44.400>support <00:18:44.720>
Summary:
The House opened with a devotional by Rep. Chris Keyser centered on Robert Frost’s “The Road Not Taken,” using the poem as a reflection on legislative choices, compromise, and service to the common good. After the devotional, the chamber took up a large slate of introductions, with 21 House bills read by number only after a successful motion to suspend the rules. The House also read HR12, a resolution supporting the principles behind Gov. Phil Scott’s statement regarding federal ICE and CBP activity in Minnesota, and placed it on the calendar for action the next legislative day.
The House then concurred in JRS38, a joint Senate resolution setting weekend adjournment for January 30, 2026, to reconvene no later than February 3, 2026. During announcements, members recognized guests from Third Act Vermont, wished the member from Burlington a happy birthday, invited members to a Universal Health Care Caucus meeting, and promoted an evening Farmers Night performance. The House also voted to rescind journalization and expunge remarks previously entered by the member from Swanton from Friday’s House Journal.
In orders of the day, the House rejected concurrence with the Senate’s further proposal of amendment to S.23, an act relating to the use of synthetic media in elections, and instead requested a committee of conference; the chair appointed Reps. Byron, Hango, and Waters Evans as conferees. The chamber then passed H532, relating to mandatory retirement of college professors. It also adopted the committee’s strike-all amendment to H270, relating to confidentiality for peer support counseling among emergency service providers, after favorable 11-0 committee action; the bill was then ordered to third reading. Finally, the House amended and ordered to third reading H516, approving amendments to the charter of the town of Essex, after discussion of charter changes including select board vacancies, moderator procedures, town appointments, accounting requirements, and related technical updates. The House then adjourned until January 29, 2026 at 3:30 p.m.
CA
California 2025-2026 Regular Session
Assembly Floor Session Aug 18th, 2025
California House Floor Meeting
Transcript Highlights:
- This is a simple principle: any money held in trust should benefit the homeowner and not the lender or
- is so much of their work is built on the relationships that they develop with their clientele, the trust
- And they spend an enormous amount of time building that trust, building that relationship, so that when
- folks are ready to seek services, there's a trusting relationship there to provide those services.
- And with that, I respectfully would trust an aye vote from all of my colleagues today. Thank you.
Summary:
The Assembly met on June 4, 2025, after a quorum call and opening prayer led by Assembly Member Ramos, followed by the Pledge of Allegiance and routine procedural actions. Members handled several motions on bill referrals and file management, including disputes over SB 280 and ACA 8. The Speaker’s rulings were repeatedly appealed and sustained, and the body ultimately approved re-referral and notice waivers related to ACA 8 and SB 280, along with related committee hearing notices and shortened file notice requirements. Several bills were also removed from consent, moved to inactive file, or withdrawn from committee as nonfiscal measures.
The chamber then held a Native American Day ceremony centered on ACR 102 by Assembly Member Ramos, recognizing California Native American Day and the California Indian Cultural Awareness Conference. Multiple caucus leaders and members spoke in support, emphasizing California’s Native history, past state harms, and recent legislative efforts affecting tribal communities. The resolution was adopted by voice vote after 71 coauthors were added. The ceremony also honored Native leaders and students, including Judge Abby Abinanti, Councilwoman Catalina Chacon, Rosemary Salgado, Chairman Frederick Massetti, and Clovis Unified students who defended their right to wear regalia at graduation.
Later, the Assembly took up concurrence votes on several Senate-amended bills, all of which passed unanimously: AB 829 on Parkinson’s disease, AB 463 on emergency medical services, AB 493 on mortgage escrow interest, and AB 1387 on behavioral health coordination for justice-involved individuals. The body also adopted ACR 100 honoring India’s Independence Day and H.R. 44 recognizing homeless service providers, both by voice vote after substantial support from members and coauthors. Guest introductions highlighted the music industry, the California Commission on the Status of Women and Girls, and visiting officials from Pakistan.
The session concluded with adjournments in memory of Joel Nilsen and Grace Akiko Kojima, followed by announcements of upcoming session dates and adjournment under the call of the Speaker.
TX
Transcript Highlights:
- wildlife belongs to the state, and migratory birds belong to the federal government. ...hold them in trust
- To bring greater trust and credibility to our use of these materials, this legislation ensures third-party
- It silences our communities and erodes public trust. trust in the process.
- The committee substitute for House Bill 4271 would help to rebuild this trust by requiring TCEQ to hold
Bills:
SB3074, HB49, HB2440, HB3556, HB3619, HB3866, HB4042, HB4112, HB4271, HB4413, HB4426, HB5033, HB49
Keywords:
SB 3074, TCEQ, Texas Commission on Environmental Quality, Water Code, permit applications, environmental permitting, administrative record, ex parte communications, legislative communications, governor, lieutenant governor, state legislators, district projects, public records, recusal, conflict of interest, substantial interest, agency transparency, environmental regulation, permit renewal
TX
Transcript Highlights:
- situation in which a school district believes that a child at home is potentially being abused, we trust
- SB12 restores the trust between families and educators by rejecting the notion that schools can substitute
- because they are able to teach resilient skills to help students navigate racism and to develop trusting
- At school, he finds small sources of safety: a trusted counselor and a teacher who doesn't ask questions
- Trust is dangerous and care is penalized. It doesn't protect families; it polices students.
Keywords:
parental rights, education, social transitioning, diversity, equity, inclusion, school policy, student clubs, residency, public schools, child safety placement, enrollment, education code, school boards, transparency, public meetings, attendance, recording, released time, religious instruction
US
US Federal 2025-2026 Regular Session
Hearings to examine the nomination of Rodney Scott, of Oklahoma, to be Commissioner of U.S. Customs and Border Protection, Department of Homeland Security. Apr 30th, 2025 at 09:00 am
Finance Committee
Transcript Highlights:
- determine whether Rodney Scott possesses that experience along with the strength of character to be trusted
- If the Customs and Border Patrol Commissioner can't be trusted, important priorities like stopping fentanyl
- I'm immensely honored to have the trust of President Trump and Secretary Nome, but I'm here today to
- earn your trust as well.
- To expedite the flow of people through the border that we've already identified that trusted travelers
Keywords:
Customs and Border Protection, Rodney Scott, border security, asylum, transparency, Hernandez Rojas, migrant treatment, public testimony
Summary:
The meeting centered on the nomination of Rodney Scott to serve as the Commissioner of U.S. Customs and Border Protection (CBP). Throughout the session, various senators expressed concerns regarding CBP's recent practices, including issues related to border security and the treatment of migrants. Questions were raised about Scott's involvement in previous incidents, particularly surrounding the controversial death of Mr. Hernandez Rojas while in custody, which sparked a heated discussion about accountability and transparency in current border policies. Senators emphasized the importance of balancing efficient border security with humane treatment of individuals seeking asylum.
TX
Texas 89th 2nd C.S.
Homeland Security, Public Safety & Veterans' Affairs Apr 30th, 2025
Homeland Security, Public Safety & Veterans' Affairs
Transcript Highlights:
- Ultimately benefiting both public safety and community trust. There's no fiscal note.
- This bill protects the safety of the autism community, strengthens public trust, and provides officers
- the badge, and you've heard me say that before here, but I think these are critical areas to build trust
- In short, House Bill 4956 will help law enforcement maintain public trust by ensuring that polygraphs
- He said to be lethal, you have to trust that the warriors alongside you.
Bills:
SB 36
MN
Minnesota 2025-2026 Regular Session
Commerce Committee Meeting - 2025-04-02
Commerce Finance and Policy
Transcript Highlights:
- That's why HF 2426 gives trusted operators like Vireo the certainty without compromising their ability
- Without this bill, operators like Vireo, trusted partners in the state for over a decade, will not be
- We wouldn't be allowed to supply all the NFL, NHL, and MLB doctors with CBD if they didn't trust us.
- Instead, it undermines the trust regulated system that gives small businesses and impacted communities
- I trust that you will. And I hope I can bring back support.
Keywords:
medical cannabis, cultivation, cannabinoid products, plant canopy, Minnesota statutes, cannabis, hemp, lower-potency, edibles, regulations, licensing, local control, consumer safety, age restrictions, commerce policy, financial institutions, insurance regulation, limited long-term care insurance, Medicare supplement, health insurance
FL
Florida 2025 Regular Session
April 2, 2025 - 04:00 PM
Transcript Highlights:
- Duggan, CS for HB 1173, Florida Trust Code. CS for HB 1173, Florida Trust Code.
- The bill codifies legislative intent with respect to charitable trust enforcement, specifically that
- Florida Attorney General is the only public official with standing to sue to enforce a charitable trust
- user, and even though it might be 200 uses, I'm not certain if the math is correct, but, you know, I trust
Summary:
The Judiciary Committee took up a long agenda of 20 bills, beginning with CS/HB 1173 on the Florida Trust Code, which clarified that the Florida Attorney General is the only public official with standing to enforce charitable trusts administered in Florida; it was amended and reported favorably. The committee also unanimously or near-unanimously approved several claims and relief bills, including HB 6507 for Marcus Button, HB 6523 for Darlene Engerville and J.R., HB 6525 for Eric and Jennifer Miles, HB 6529 for J.N., and HB 6519 for the estate of Beniel Hambier, all involving settlements or compensation for injuries or wrongful death. Other measures reported favorably included CS/HB 213 on commercial squatters, CS/HB 1447 on trespass at large-scale ticketed events, CS/HB 515 updating the Uniform Commercial Code for virtual currency and related technologies, CS/HB 1007 on gift card fraud, CS/HB 1049 on protection of court officials, CS/HB 1219 on non-compete and garden leave agreements, CS/HB 399 on stolen valor in the ethics code, CS/HB 57 on xylazine regulation, HB 901 on court-appointed psychologists, and CS/HB 265 on enforcing terrorism-related judgments against frozen assets. Most of these bills had support from industry, law enforcement, or affected parties and passed with little or no opposition.
The most contested measure was CS/HB 1517, which would expand Florida’s wrongful death statute to include parents of unborn children as survivors. Supporters argued it would allow families to recover damages when negligence causes the loss of a pregnancy, while opponents—including the ACLU of Florida, Planned Parenthood affiliates, reproductive rights advocates, and some committee members—warned it could be used to advance fetal personhood, chill medical care, and empower abusive partners or others to sue over abortion-related conduct. The sponsor said the bill remained within the wrongful death framework and included protections for mothers and lawful medical providers, but the committee still reported it favorably on a 14-6 vote. CS/HB 903, a corrections bill addressing inmate litigation, sentencing, execution methods, tracking devices, health services, and offender review appointments, also drew debate over a proposed tolling amendment and due process concerns; the amendment failed and the bill passed 16-5. CS/HB 57 on xylazine likewise saw debate over whether penalties should target users or traffickers, but the committee rejected a narrowing amendment and passed the bill 20-1.
Several bills were amended in committee, often with technical or clarifying changes, including CS/HB 1219, HB 1351 on sexual offender and predator registration, and HB 901. Public testimony was generally supportive on the non-controversial bills, especially from law enforcement, business groups, and affected claimants. At the end of the meeting, Rep. Gottlieb offered a personal correction, acknowledging he had wrongly criticized FOP in a prior meeting after learning the organization had, in fact, contacted him. The committee then adjourned after completing the full agenda.
FL
Transcript Highlights:
- those who have lost their job through no fault of their own never receive a dime from an insurance trust
- In 2008, 2009, 2010, following the Great Recession, the unemployment insurance trust fund, which must
- The trust fund went insolvent because nobody was... ...then guess what happened?
- The trust fund went insolvent because nobody was paying into it, so they came up with a good idea: we'll
- So money will keep trickling into the trust fund, but it will never come out, and that was the status
Summary:
The Commerce and Tourism Committee heard and favorably reported several bills. SB 1672 removed duplicative state provisions related to labor pools; CS/SB 940 prohibited third-party sale of restaurant reservations without the restaurant’s consent; and CS/SB 1820 made changes to motor vehicle manufacturer and dealer franchise law, including disclosure of performance measures, anti-retaliation protections, and limits on franchise termination or nonrenewal. The committee also approved CS/SB 324, creating a revolving loan program to help small businesses affected by prolonged public works construction, and SB 936, which creates a recurring three-year study of the effects of AI, robotics, and automation on Florida’s workforce and economy. SB 1322, the Florida Rural Jobs Act, was amended and reported favorably to encourage private investment in rural small businesses through a state tax credit program. The committee also reported favorably on CS/SB 910, which regulates for-profit veterans’ benefit assistance services, and CS/SB 656, which extends protections from extraordinary collection actions to all bill-of-care payment actions by hospitals and ambulatory surgical centers.
The committee spent substantial time on CS/SB 1264, a broad Department of Commerce agency bill. The strike-all amendment added or revised provisions on Secure Florida, the RISE venture capital tax credit program, data center tax exemptions, business development classifications, military land transfers, and other economic development matters, while also repealing regional planning councils from statute. That repeal drew extensive opposition from local officials and regional council representatives, who argued the councils are important for emergency management, grant writing, planning, and support for small and rural communities. Supporters of the amendment said the councils could continue locally without state statutory involvement. After debate, the amendment was adopted and the bill was reported favorably, though Senators Davis and Smith voted no.
The committee also considered CS/SB 1238, which would tighten reemployment assistance rules by disqualifying claimants who fail to meet job-search requirements or refuse work, and by adding verification and reporting requirements. Supporters framed it as adding guardrails and preventing fraud, while opponents argued Florida’s unemployment system is already difficult to access and that the bill would add unnecessary barriers and costs. Despite opposition from labor and advocacy groups, the bill was reported favorably, with Senators Smith and Arrington voting no. Finally, the committee unanimously recommended confirmation of Alexis Yarborough and John Gilbert to the Board of Supervisors of the Central Florida Tourism Oversight District.
FL
Florida 2025 Regular Session
February 5, 2025 - 12:30 PM
Transcript Highlights:
- My question has to deal with inmate welfare trust funds.
- Some of that I'll have to get some information back, but just generally speaking, the inmate welfare trust
- , who's our director of programs and reentry, she is the administrator... ...of the Inmate Welfare Trust
- that would be: is there a premium charged on top of those services so that they're paying into the trust
- Is a portion of that $3.10 what goes back into the inmate trust fund?
Summary:
The Criminal Justice Subcommittee heard an informational presentation from the Florida Department of Corrections on how the prison and community supervision systems operate after sentencing. Assistant Deputy Secretary Hope Gartman described the reception process for new inmates, including intake, medical and mental health screening, classification, custody and housing levels, gain time, and the department’s academic, vocational, substance abuse, chaplaincy, visitation, and communication programs. She emphasized that reentry begins on day one and that program placement is driven by risk and needs assessments, with facilities matched to inmates’ medical, mental health, and security requirements. Members also asked about family contact, visitor applications, inmate welfare trust funds, tablet access, private prison placement, staffing shortages, overtime, contraband interdiction, and waiting lists for programs; several follow-up materials were requested for distribution to all members.
Mr. Winkler then outlined community corrections, explaining the different supervision types under Florida law, including probation, drug offender probation, community control, sex offender supervision, conditional release, and addiction recovery supervision. He described the department’s monitoring tools, such as office and field visits, warrantless searches, alternative sanctioning for technical violations, telephone reporting for low-risk offenders, employment assistance, and mobile probation and reentry units. He said the department’s supervision success rate is about 62%, with more than 91% of successful completers not returning to custody within three years. Members questioned officer workloads, the use of radios and GPS check-ins, the rollout of uniforms and firearms, how violations are handled, and whether all circuits participate in alternative sanctioning; Winkler said the program is statewide and that the department is seeking funding for radios.
During public comment, Florida Cares Charity urged the committee to consider evidence on deterrence, parole, and recidivism, arguing that community supervision is less costly than incarceration and can be effective. James Beardy of the Florida PBA emphasized the dangers faced by correctional and probation officers, including long shifts, field searches, and working alone, and argued for higher pay and better support comparable to other law enforcement. The meeting concluded with the chair thanking the presenters and public speakers, and the subcommittee adjourned without taking any legislative votes or formal actions.
NM
New Mexico 2025 Regular Session
House - Energy, Environment and Natural Resources Jan 28th, 2025
House Energy, Environment & Natural Resources
Transcript Highlights:
- Early Childhood Trust Fund, which we funded in a different way, right?
- And are you also referring to state trust land as well, or just private?
- This report, the interim, says it's 137,000 megawatts of highest quality wind potential on state trust
- That's just state trust.
- Then it also says 824 000 megawatt-hour potential of highest quality solar potential on state trust land
FL
Florida 2025 Regular Session
Regulated Industries Jan 14th, 2025
Transcript Highlights:
- IT WAS BUILT INTO THE TRUST THAT THEY WERE DOING THE RIGHT THING.
- I THINK AFTER THAT THE MARKET NO LONGER TRUST THESE ASSOCIATIONS AND THAT'S THE REALITY.
- ALL HAVE TAKEN AMAZING STEPS TO PUT US IN A POSITION TO STRENGTHEN OUR CONDO MARKET AND BRING BACK TRUST
- WE MORE READILY PROVIDE THE INFORMATION TO PROSPECTIVE PURCHASERS AND LENDERS SO THAT THEY START TO TRUST
- THEY DON'T THE CONFIDENCE IN EACH OTHER AND TRUST BETWEEN THE PARTIES OF THE ASSOCIATION?
NH
Transcript Highlights:
- Property is a trust, not a fortress.
- Property is a trust, not a fortress.
- <04:12:29.680>
this the state's education trust fund. this the state's education trust fund - <04:12:55.199>
fund into the state's education trust fund into the state's education trust - will educational trust trust fund, what will educational trust trust fund, what will that<04:19:
Summary:
The committee heard testimony on House Bill 1596, which would raise New Hampshire’s cigarette excise tax from $1.78 per pack to about $2.80, using an inflation-based adjustment since the rate was last set in 2008. Representative Jerry Stringham, the bill’s sponsor, said the measure would keep New Hampshire competitive with neighboring states, generate revenue, and help offset other budget pressures. He also described the bill as repealing an income-based premium charge in Medicaid/CHIP-related programs and restoring cuts to the University System of New Hampshire, arguing that the combined package would still leave the state in a positive fiscal position. He said the tobacco tax increase would likely have some cessation effect but would remain low relative to other New England states, and he cited prior testimony from health groups supporting a larger increase.
Members questioned the sponsor about how the new rate was calculated, the prior tobacco tax reduction and restoration, whether tobacco companies would absorb or pass on the tax, and the fiscal note’s estimates for Medicaid premium revenue and UNH funding. Stringham said he used Bureau of Labor Statistics inflation data, that the earlier 10-cent reduction did not produce the expected sales increase, and that the current bill would eliminate the premium charges now in the budget. He later clarified that the Department of Medicaid Services had updated the revenue estimate, but said the bill still showed a surplus overall. He also said the federal government already imposes a $1-per-pack tax and that New Hampshire would remain below neighboring states even after the increase.
Two public witnesses testified in opposition to the tax increase. Anna Bettincourt, a tobacco category manager, argued that higher tobacco taxes would unfairly target smokers, reduce New Hampshire’s tax advantage, and likely shift purchases to other states or illicit markets rather than reduce use. She said tobacco companies generally do not lower prices and that Massachusetts’ flavor restrictions had not eliminated sales. In response to questions, she maintained that a smaller increase would still be harmful and that enforcement problems make bans ineffective. The sponsor and some members countered that smokers impose higher health costs and that tobacco taxes are a policy tool for both revenue and public health. No vote or final committee action was taken in the portion of the meeting provided.
US
US Federal 2025-2026 Regular Session
US House Floor Proceedings (Tuesday, June 30, 2026)
US Federal House Floor Meeting
Transcript Highlights:
- He was an advocate for civil rights and justice, a trusted friend to leaders across our ...a generous
- They trusted the American promise.
- And if we And the trust funds are empty.
- At that same time, the Medicare trust fund is also empty.
- We put in God we trust up there for a reason. We have Moses overlooking the chamber for a reason.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Environment and Natural Resources Jun 21st, 2026 at 01:00 pm
Joint Committee on Environment and Natural Resources
Transcript Highlights:
- The capacity of the trust is diminished for that reason.
- Ultimately, the goal of this legislation is very simple: let's trust the experts to do their jobs.
- I sit on the Lands Committee for the East Quabbin Land Trust.
- I hope and trust that the people of Greater Boston remain today by no means indifferent to the plight
- No, the idea was we'd set up the fund and the Clean Water Trust would support.
Summary:
The hearing covered a broad set of environmental and water-related bills, with much of the testimony focused on blue economy and circular economy proposals, drought management, drinking water safety, flood resilience, and water infrastructure funding. Supporters of bills such as H. 987 and H. 988 described grant programs for blue economy workforce development, research, small businesses, and public education about a circular economy. Other speakers backed measures on coastal erosion research, recreational boating dredging, cranberry water-right transfers, sand mining oversight, and a voucher program for home water filtration in PFAS-impacted communities. Several elected officials and advocates also urged passage of bills to require private well testing, improve school drinking water safety, and address sand mining pollution and PFAS contamination.
Water supply and drought issues drew extensive testimony. Senator Eldridge and others supported legislation to let the state, through DEP and the drought management task force, impose regional water-use restrictions during droughts and make the task force permanent in statute. Advocates from watershed groups, farms, and environmental organizations said the current town-by-town approach is inconsistent and ineffective, and they described drought impacts on rivers, farms, private wells, and wildfire risk. A related bill on private wells was supported as a way to help homeowners test and remediate contaminated wells, especially in rural areas without public water.
The committee also heard testimony on a bill to allow the Lynnfield Water District to join the MWRA, with local officials saying the move would help address PFAS and other contamination and improve supply reliability. Another major panel supported a water infrastructure funding bill, arguing that aging drinking water, wastewater, and stormwater systems need major new investment, including support for PFAS treatment, sewer rate relief, biosolids research, and regional interconnections. Members asked about costs, funding sources, and the relationship to existing revolving loan funds; witnesses said the bill would need to be paired with future bond funding and new revenue ideas. No votes were taken during the hearing, and the chairs repeatedly invited written testimony and noted the large number of speakers.
MN
Transcript Highlights:
- Um, Senate File 856 is about one of the most important things we can deliver to Minnesotans: trust in
- SF 856 is about reinforcing that confidence and making sure that Minnesotans can trust that every dollar
- It diverts resources from vulnerable Minnesotans and undermines public trust. I urge your support.
- trust in their government.<00:00:54.719>
When <00:00:54.960>families <00:00:55.360> - public trust. I urge your support. public trust. I urge your support.
NH
Transcript Highlights:
- He asked whether changing the percentage of the Business Profits Tax deposited in the Education Trust
- False accusations can severely damage this trust.
- heavily on the reputation and Trust heavily on the reputation and Trust within<01:26:16.679>
- we still maintain that our citizens cannot be trusted to consume cannabis responsibly."
- substances, would I not then also trust them to have certain devices?
ND
North Dakota 2026 1st Special Session
Budget Section Leadership Division Jun 24th, 2026
Transcript Highlights:
- Senate Bill 2149 during the regular session authorized a $20 million loan from the Coal Development Trust
- It does note here that approximately $13.8 million has been accessed from the Coal Development Trust
- I'll just touch on a few of our interim trust fund update reports.
- One thing about these trust funds is that you can use them as a resource to learn the history of the
- Chairman and members of the committee, this is my overview of the compliance report and the trust fund
Summary:
The Budget Section Leadership Division met with a quorum and approved the March 18 minutes before hearing a series of informational updates. The Petroleum Council reported that North Dakota oil production is expected to remain relatively flat at just under 1.2 million barrels per day, with activity shifting northward in the Bakken as technology improves and three- and four-mile laterals boost well performance. The presentation also discussed oil and gas prices, gas taxation, flaring concerns, the importance of pipelines and other linear infrastructure, and enhanced oil recovery pilot projects supported by state and federal funding. Members asked questions about gas production taxes, natural gas liquids, and the outlook for drilling rigs and future production.
The Office of State Tax Commissioner then reviewed the federal “big beautiful bill” and its estimated effect on North Dakota individual and business income tax collections. Staff explained that most of the individual income tax impact comes from the permanent increase in the standard deduction, while temporary provisions such as senior deductions, tip and overtime exclusions, and auto loan interest deductions have smaller or limited-term effects. They also noted that business tax changes, especially depreciation and expensing provisions, create a larger near-term cash impact, and that some FY25 collections likely reflected one-time oil field transactions that may have inflated the baseline used in earlier estimates.
OMB provided updates on major capital projects and facility funding. For Capitol grounds improvements, officials described plans for 18th-floor renovations, wayfinding upgrades, public seating, lighting, tree management, and possible restroom and lobby reconfiguration, while also noting the governor’s residence security project and the discovery of human remains on the Capitol grounds. OMB and its consultants also reported on the state facility maintenance fund, including window replacement, boiler work, roof and foundation repairs, and a new facility conditions assessment covering more state buildings. Updates were also given on the new state hospital in Jamestown, the Minot state office building, and the use of federal state fiscal recovery funds, including possible future reallocations to the Department of Corrections.
Finally, Legislative Council staff summarized the interim compliance report on legislative intent and trust fund activity, highlighting the status of lines of credit, Bank of North Dakota profit transfers, the statewide litigation pool, the new Office of Guardianship and Conservatorship, corrections planning, HHS program updates, and a likely future general fund request for the unemployment insurance modernization project. No formal votes were taken beyond approval of the minutes; the meeting was primarily informational, with members asking clarifying questions throughout.