Video & Transcript Research : 'bargaining unit 5'
Page 164 of 500
AL
Transcript Highlights:
- I pledge allegiance to the flag of the United States of America and to the republic for which it stands
- :29.760>
the I pledge allegiance to the flag of the I pledge allegiance to the flag of the United - I pledge allegiance to the flag of the United States of America and to the republic for which it stands
- Ladies and gentlemen, A+ Education Partnership Legislative Reception is tonight at 5:30 at Central.
- 30 Legislative Reception is tonight at 5:30 Legislative Reception is tonight at 5:30 at<00:12:11.279
MN
Minnesota 2025-2026 Regular Session
Informational interview with Rep. Matt Norris (DFL-Blaine) Jan 6th, 2026
Minnesota House Floor Meeting
Transcript Highlights:
- So what happens when these parks, where you know maybe historically rent has gone up $5, $6 a year, and
- rent<00:04:17.600>
has <00:04:17.840>gone <00:04:18.079>up <00:04:18.479>$5< - /c><00:04:18.880>
$6 <00:04:20.000>a historically rent has gone up $5 $6 a historically - rent has gone up $5 $6 a year<00:04:20.799>
and <00:04:21.040>now <00:04:21.440>the - in the attorney general's control unit in the attorney general's office.<00:08:31.919>
Uh <00:
Summary:
The interview focused on the lawmaker’s emphasis on bipartisanship and civility, which he said has become even more important amid recent political violence in Minnesota and nationally. He described the civic pledge he signed with Republican Senator Michael Kun as part of a broader responsibility for elected officials and citizens to lower the temperature, debate issues vigorously without demeaning opponents, and preserve basic human dignity.
He was also asked about gun violence and said Minnesota should continue a robust debate on possible policy changes after recent shootings, including the Annunciation school shooting. He pointed to steps already taken, such as expanded use of the red flag law and enhanced background checks, but said the public expects action and that the current status quo is unacceptable.
The discussion then turned to several policy priorities for the 2026 session. He highlighted concerns about private equity buying manufactured home parks and sharply raising lot rents, which he said can force residents to choose between leaving their homes or cutting back on essentials. He also discussed a bill to stop pet shops from selling cats and dogs sourced from puppy mills, while allowing existing shops to continue only if they can show responsible sourcing.
On fraud prevention, he said he plans to revisit a bill to create an independent inspector general office, along with a proposal to strengthen the Medicaid fraud control unit and other preventive measures. He also said he hopes to advance a bill licensing art therapy as a profession in Minnesota, framing it as a consumer protection and mental health issue. No votes or formal committee actions were taken in the interview.
MN
Minnesota 2025 1st Special Session
Expanding Nuclear Energy in Minnesota – Senator Nick Frentz Mar 10th, 2025
Minnesota Senate Floor Meeting
Transcript Highlights:
- Well, we thought we had a solution in the United States, which you may know is the federal depository
- well we thought we had a solution<00:04:03.560>
in <00:04:03.680>the <00:04:03.799>United - ><00:04:04.239>
States <00:04:04.760>which <00:04:04.920>you solution in the United - States which you solution in the United States which you may<00:04:05.280>
know <00:04:05.519> - Like the unknown for humans, think of a 5-year-old who's a little more worried about a monster under
TX
Transcript Highlights:
- If you'll turn with me to page 5, just below the beginning there, Judicial Retirement System Plan 2.
- Item 5, toward the bottom of the page, is public safety death benefits.
- Madam Chair, I know we gave the 5% and 5% increase in wages last year.
- But the royalties that they are paying us initially range from 3% up to 5%.
- Turning to page 5.
Bills:
SB 1
Keywords:
campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards
Summary:
The committee heard budget presentations from the Legislative Budget Board and agency officials on several agencies, starting with the Texas Historical Commission. LBB described a large biennial reduction driven mainly by the removal of one-time funding and discussed capital projects, rider changes, and exceptional items including Presidio La Bahia and the National Museum of the Pacific War. Senators asked about heritage trails, courthouse grants, unexpended balance authority, and the status of historical-site funding. Historical Commission leadership emphasized preservation, courthouse restoration, heritage tourism, coordination with the Alamo and other Texas Revolution sites, and requested additional IT, staffing, and vehicle funding. No votes were taken.
The committee then reviewed the Pension Review Board and the Employees Retirement System. The Pension Review Board’s budget was largely unchanged aside from IT maintenance and salary adjustments, with an exceptional item for additional IT enhancements. Members discussed the Dallas Police and Fire Pension System’s funding dispute and the need for a workable restoration plan. ERS presented a much larger budget, including funding for the retirement system, the group benefits plan, and the legacy payment intended to reduce unfunded liability. Senators focused heavily on pension investment returns, benchmark comparisons, and rising health-care costs, especially pharmacy spending driven by GLP-1 drugs; ERS said the plan covers about 540,000 lives and that premiums would rise 8% while benefits remain unchanged. ERS also said it had no exceptional items, and committee members requested more detailed benchmark information.
The committee also heard from the Texas Emergency Services Retirement System and the Cancer Prevention and Research Institute of Texas. TESSORS reported an unfunded liability, an infinite amortization period, and requested additional state support, staffing, and IT funding, including a statutory change to allow a higher contribution level; the agency warned that without more funding it may have to cut benefits. CEPRIT’s presentation covered its bond-funded cancer research and prevention portfolio, revenue-sharing from funded projects, and a request to increase salary limits for its CEO and chief scientific officer. Senators questioned CEPRIT’s accomplishments and return on investment, while CEPRIT cited screening, prevention, and research outcomes, including tens of thousands of detected cancers and precursors and hundreds of thousands of first-time screenings. The meeting ended after these presentations and questions, with no recorded committee action or vote.
OK
Transcript Highlights:
- I mean, so the properties, the increases are going up at 3 and 5%.
- Now, do those valuations ever reset or are They just grow at 3 to 5% or do they reset when this property
- So any lack of growth, regardless of what the Rate is, if it was you know 0% or 5%, is going to get reset
- In the United States, it is time for us to be addressing those things.
- Election systems in the United States.
CA
California 2025-2026 Regular Session
Assembly Banking and Finance Committee Apr 21st, 2025
Transcript Highlights:
- What is the fraud in the United States?
- . $5 million?
- Section 5 ends that uncertainty.
- We are concerned that the way As it turns out, is Section 5 of the bill.
- Chair, the next item is File Item 5, AB 1180.
Summary:
The Assembly Banking and Finance Committee heard several bills, beginning with AB 407, which would expand the California Pollution Control Financing Authority. The author said the measure would increase flexibility and access to resources, and the bill was approved 7-0 and sent to the Committee on Local Government. The committee also adopted the consent calendar, which included AB 76, by a 7-0 vote.
A lengthy portion of the meeting focused on AB 1065, which would prohibit swipe fees on the sales tax portion of credit card transactions. Supporters, including small business owners, restaurant and grocery representatives, and a payments-policy expert, argued the bill would reduce costs for merchants and consumers and rein in dominant card networks. Opponents, including banks, credit unions, and payment industry groups, argued the bill is likely preempted by federal law, would be difficult to implement, and could disproportionately affect community banks and credit unions. After extensive questioning about preemption, fraud, implementation, and consumer impacts, the committee rejected the bill on a 6-0 vote, but then granted reconsideration by a 7-1 vote.
The committee then heard AB 1365, which would create the Cal Account Program, a zero-fee, zero-penalty state banking account for unbanked and underbanked Californians. Supporters said the program would help low-income households, survivors of abuse, and others facing barriers to traditional banking, while opponents from community banks and credit unions argued existing low-cost accounts and the Bank On program already address the need and raised concerns about cost, feasibility, and duplication. The bill advanced on a 6-0 vote and later received enough votes on the reopened roll to move forward to the Committee on Labor and Employment.
The committee also approved AB 1052, which would create a legal framework for digital assets and address unclaimed digital property and restrictions on public officials issuing or promoting digital assets, and AB 1180, which would create a pilot program for paying state fees with digital financial assets and require a report on broader adoption. Both bills passed with broad support after brief testimony and discussion. Final roll calls later confirmed AB 1052 and AB 1180, along with AB 407 and AB 1365, were moved out of committee.
TX
Transcript Highlights:
- So on hand Y'all are gonna keep 5 million plates in storage. What does that cost?
- WN unit is where they're manufactured.
- There's an entire section of, of the unit that is devoted to license plate.
- I don't know, 20 ft tall, 5 ft tall, like pragmatically, how big is that?
- I'll turn quickly to slide 5. These are our research emphasis areas.
FL
Florida 2026 5th Special Session
Appropriations Committee on Criminal and Civil Justice Jan 14th, 2026
Transcript Highlights:
- Chair, I will tell you that our public records unit, they are swamped.
- Basically, we're demoing some inefficient old housing units, 32-person units, and replacing them with
- more efficient old housing units, 32-person units, and replacing them with more efficient, greater economy
- In every prison across the United States are dealing with this.
- We were able to purchase some of those units.
Summary:
The committee received a presentation on the Governor’s fiscal year 2026-2027 public safety budget, which totals $8.2 billion for the public safety silo and includes funding for the Departments of Law Enforcement, Juvenile Justice, and Corrections, along with courts and legal affairs. The Governor’s Office highlighted recurring reductions and vacancy eliminations, while agency heads outlined their major requests: FDLE sought funding for fentanyl enforcement, career offender registry staffing, alert-system upgrades, alcohol testing modernization, officer wellness, criminal intelligence, and immigration-related intelligence work; DJJ requested money for the Florida Scholars Academy, uniforms, residential services, a new Broward detention center, and facility maintenance; and DOC requested major increases for officer pay, additional staff, facility construction and maintenance, communications upgrades, inmate health care, pharmaceuticals, and food service. Members questioned FDLE about immigration enforcement and public records burdens, and DOC about staffing, capacity, mental health services, contraband, housing, and whether prison beds were being used for immigration detainees. Public testimony also urged better prison conditions and basic necessities for incarcerated people.
The committee then took up and reported favorably CS/SB 156, the Jason Rayner Act, which would strengthen penalties and clarify that a person may not resist an officer with violence when the officer is performing official duties. An amendment conforming the bill to House language was adopted, and the bill passed with Senator Smith voting no. The committee also adopted an amendment and reported favorably CS/SB 54, which concerns use of substances affecting cognitive function and limits certain medical-record disclosures to information relevant to investigations of violent offenders; Senator Smith voted no on that measure as well.
Next, the committee considered Senator Berman’s bills on domestic and dating violence. CS/SB 296 would direct a study of a secure web-based alert platform for victims, including a discreet phone-number/code system and geolocation support, and would expand the Address Confidentiality Program to dating-violence victims. The bill drew emotional support testimony from survivors and advocates describing the dangers victims face when trying to leave abusive situations, and it was reported favorably. Its companion, CS/SB 298, would extend public-records protections in the Address Confidentiality Program to dating-violence victims; it was also reported favorably. The committee then adjourned.
VT
Vermont 2025-2026 Regular Session
Senate Session - 2026-05-22 - 10:00AM
Vermont Senate Floor Meeting
Transcript Highlights:
- can't be returning for 6 cents or 7 cents, but it's 5 cents.
- Now, that office of 49-person unit.
- that that was NYPD's X-Files unit. that that was NYPD's X-Files unit.
- <01:32:04.040>
uh <01:32:04.160>in X-Files unit uh in X-Files unit uh in NYPD. - Um, the vote in committee was 5-0-0 and we asked this body to concur.
MO
Missouri 2026 Regular Session
2026 Legislative Session - Day Sixty Four - Wednesday, May 6
Missouri House Floor Meeting
Transcript Highlights:
- House Bill 5 is Office of Administration. It's about... House Bill 5 is Office of Administration.
- We had $5 million in for Clarendon Road.
- The Senate put it back in at 5, and we conference to that position as well.
- The gentleman from District 5, a rural development office.
- Makin of 2022 was a Maine case decided in the United States Supreme Court.
Summary:
The House convened with prayer, the Pledge of Allegiance, and approval of the prior day’s journal by a 107-1 roll call vote. Members then spent a substantial portion of the morning introducing guests, including family members, students, interns, nonprofit representatives, a park ranger recognized for life-saving work, and legislative staff being honored for service or graduation. Committee reports and Senate messages followed, including Senate refusals to concur on several amendments to Senate Bill 1421 and the appointment of a conference committee on House Bill 2818.
The main floor debate centered on the conference committee report for House Bill 2002, the K-12 education budget. The budget chair explained that the report maintained record-level overall funding for the foundation formula but changed the mix of funding sources, including a reduction in capital commission dollars and use of blind pension funds, with possible later ARPA dollars to offset shortfalls. Several members argued the bill still underfunded schools by about $190 million and raised concerns about relying on projected or one-time funds; others defended the budget as meeting or exceeding constitutional requirements and noted record spending per pupil and recent increases in education funding. A substitute motion to send the bill back to conference failed 62-89, and the conference report was then adopted 83-68; the bill was subsequently third read and passed 83-68.
The House then adopted and passed House Bill 2003, the higher education budget, by 119-28 on adoption and 109-32 on third reading. Debate there focused on restoring the governor’s recommended funding while directing higher education institutions to develop a new performance-based funding formula by the end of the year. Members generally described the compromise as a step toward a more sustainable model while preserving current funding levels. Next, House Bill 2004, covering the Departments of Revenue and Transportation, was adopted 128-21 and passed 127-27; discussion highlighted transportation funding, rural roads, and a small local safety appropriation that had already been addressed by MoDOT. The House then began debate on House Bill 2005, the Office of Administration budget, with members emphasizing IT accountability, state employee functions, and ongoing technology consolidation/deconsolidation issues.
NH
New Hampshire 2026 Regular Session
House State-Federal Relations and Veterans Affairs (04/10/2026)
State-Federal Relations and Veterans Affairs
Transcript Highlights:
- United States of America, and to the United States of America, and to the republic<00:01:21.960>
for - command field units. command field units.
- A years in the United States military.
- <01:06:53.200>
are incredibly uh, our aviation units are incredibly uh, our aviation units - Services about like 5-6 years ago. Services about like 5-6 years ago.
NM
New Mexico 2026 Regular Session
Senate Chamber Feb 7th, 2026 at 12:19 pm
New Mexico Senate Floor Meeting
Transcript Highlights:
- A gas-operated semi-automatic firearm that can accept a detachable magazine. 5.
- And the Constitution of the United States is very, very similar.
- Madam Chair, Senator, so you must be looking at page 5, item P.
- In the United States, it's for sport. It's for fun.
- Also, in the New Mexico Constitution... ...Amendment of the United States.
FL
Florida 2025 Regular Session
February 4, 2025 - 09:00 AM
Transcript Highlights:
- Eight housing units in Florida gained that—only mental health units. So that's a little misleading.
- We simply need to take every housing unit in Florida and fund every functioning housing unit and every
- They would have a crisis stabilization unit for people who are in crisis, a transitional care unit for
- One we call a diversion treatment unit.
- Both these, the mobile probation unit and mobile reentry unit, are novel approaches to supervision.
Summary:
The Justice Budget Committee heard detailed presentations from the Department of Juvenile Justice and the Department of Corrections on staffing, services, and budget needs. DJJ Secretary Hall emphasized that the agency’s main public safety strategy is education, along with prevention and recidivism reduction. He described major staffing improvements after pay increases for probation, detention, residential care, and prevention workers, and outlined DJJ’s mental health, aftercare, and education continuum, including the Florida Scholars Academy and Florida Youth College. He said the new statewide education model is showing early gains in progress monitoring, high school graduation, and postsecondary enrollment, while also noting ongoing operational issues such as IT connectivity, rural staffing gaps, and the need for geographic pay adjustments for teachers. He also discussed detention center replacement plans in Hillsborough, Broward, and Palm Beach, and said DJJ would transition the Broward JAC to a security contractor after the sheriff’s office pulls sworn officers from the site.
Members asked about campus performance differences, teacher pay, detention education quality, and concerns about the rollout and leadership of the Scholars Academy. Hall said some campuses face rural access and infrastructure problems, but the blended learning model provides continuity when internet or staffing issues arise. He defended the superintendent’s qualifications and said early problems with inappropriate online content were addressed. Representative Porras raised concerns about educational quality and the superintendent’s past disciplinary history, while Representative Barrera urged more mentorship and fatherhood-focused programming in juvenile facilities.
DOC Secretary Dixon said the prison system is under pressure from rising inmate populations, staffing shortages, and overtime costs. He argued that the system needs funded posts for every functioning housing unit, noting that the department has added housing units without enough staff and now relies heavily on overtime, mobile officer deployments, and shift conversions to keep facilities operating safely. He highlighted that many officers are new, that outside-hospital transports have risen sharply, and that mental health units require additional staffing. DOC’s mental health chief described a large and growing treatment system with outpatient, inpatient, intensive outpatient, and court-ordered services, saying about a quarter of the prison population has a diagnosed mental illness. Community corrections staff described treatment programs, employment specialists, mobile probation and reentry units, and a new mental health first aid training initiative. Reentry staff reported expanded substance abuse, education, CTE, chaplaincy, and digital learning programs, including Edovo and a forthcoming Work Bay platform. No votes were taken.
KY
Kentucky 2025 Regular Session
Interim Joint Committee on Natural Resources and Energy (9-18-25)
Transcript Highlights:
- allegiance to the flag of the United allegiance to the flag of the United States<00:01:01.199>
<00:12:53.519>and starting a fire in their unit and starting a fire in their unit and catching - to the United States.
- to the United States.
- Championship to come to the United Championship to come to the United States.<00:57:17.200>
It
Keywords:
Meeting Start 00:00:00
Attendance Roll Call 00:01:12
Approval of Minutes 00:02:25
Co-Chair & Member Comments 00:02:48
Discussion of 2025 SB 137 00:06:58
Outdoor Adventure Tourism Opportunities 00:41:56
Public Service Commission Update 01:21:37, 958, all
Summary:
The committee meeting began with prayer, the Pledge of Allegiance, roll call, and approval of the prior minutes. Members also observed a moment of reflection for Charlie Kirk and offered condolences to Representative Bobby McCool on the death of his mother. Representative Fugate then made announcements about the ongoing ATV/UTV trail system, including an October 21 opening in Letcher County and an October 2 groundbreaking in Knott County, and staff was asked to circulate the dates to members.
The main agenda item was Senate Bill 137, presented by Senator Cassie Chambers Armstrong with testimony from George Ecklan of the Coalition of the Homeless and Wesley Bryant, a flood survivor and Eastern Kentucky resident. The bill would prohibit utility disconnections for non-payment during dangerous weather and emergencies, including extreme cold, excessive heat, and declared natural disasters. Supporters said the measure is narrow, does not forgive past-due balances or change reconnection policies, and is intended to protect vulnerable residents, reduce risks to first responders, and create a minimum statewide standard amid a patchwork of utility policies. They cited weather thresholds and historical examples of extreme weather and disaster declarations in Kentucky.
Testimony emphasized the human impact of shutoffs, especially for low-income households, older adults, and families facing illness or disaster recovery. Bryant described experiences with people shivering without heat or struggling to keep children cool when power was cut off, calling electricity a lifeline rather than a luxury. Representative Gu raised concerns that utility bills have become unaffordable due to broader policy and rate issues, argued that some customers may not pay if shutoffs are prohibited, and questioned whether the bill was needed. Senator Chambers Armstrong responded that the proposal is limited to non-payment shutoffs during short periods of dangerous conditions and is meant to keep people safe during emergencies. No vote or final action on the bill was taken in the portion of the meeting provided.
MA
Massachusetts 2025-2026 Regular Session
Correctional Consolidation and Collaboration Jun 21st, 2026 at 01:00 pm
Transcript Highlights:
- , which is a clinical unit.
- , which is a clinical unit.
- , which is a clinical unit.
- , which is a clinical unit.
- , which is a clinical unit.
Summary:
The Special Commission on Correctional Consolidation and Collaboration met on January 12 to continue its review of DOC classification practices, with Senator Brownsberger and Representative Hunt co-chairing. After brief discussion of the prior hearing, members said there would likely be another opportunity for additional testimony, including possible video testimony from people inside facilities. The main presentation for the day was DOC’s classification system and a UMass Chan study of whether the system predicts institutional misconduct and whether overrides affect its accuracy or create racial/ethnic bias.
DOC officials described the objective point-based classification system, its history, and the role of discretionary and non-discretionary overrides. They said the system is designed to balance public safety and reintegration, with initial classification emphasizing offense history and reclassification emphasizing institutional adjustment. DOC reported that, in the current population, about 16% are classified to maximum security, 74% to medium, and 10% to lower security. They also reviewed the non-discretionary restrictions that keep people out of minimum or medium security, and said discretionary overrides are used less often than the National Institute of Corrections’ suggested ceiling and are reviewed within six months.
UMass Chan researchers said their analysis used historical DOC data from 2019 to 2022, focused mainly on about 7,600 male reclassification cases, and found that the scored custody level accurately predicted institutional misconduct. They said the tool performed well on standard statistical measures, but predictive accuracy declined after overrides were applied, with overlap appearing between minimum and medium groups. In a supplementary analysis, they said the loss of accuracy was driven primarily by non-discretionary restrictions rather than discretionary overrides. They also said the study did not find evidence of racial or ethnic bias in the tool itself, and that DOC’s current system is comparatively more lenient than many other states.
Members and guests raised concerns about overclassification to medium security, the low share of people in minimum, the role of civil commitment restrictions, and whether the data captured historical bias or individual cases where overrides felt subjective. DOC and UMass Chan responded that the study was group-based, not case-specific, and that minimum-security rates are hard to compare across states because Massachusetts’ prison and county systems differ structurally. The commission did not take a vote or formal action, but asked members to send follow-up data questions by the end of the week for referral to DOC and the researchers.
NM
Transcript Highlights:
- You'll find that on page 5, line 15, subsection J. There's a definition of third-party seller.
- The bill that we did pass here was your House Bill 5, I believe. I've got my number.
- First, on page 5, The changes to the definition of trade or commerce.
- We had probably 5% of our police department that were Hispanic and even less that were bilingual.
- We'll take up to 5 people. Thank you, Madam Chair, members of the committee.
MN
Minnesota 2025 1st Special Session
House Human Services Finance and Policy Committee 2/26/25
Human Services Finance and Policy
Transcript Highlights:
- <00:09:49.640>
her within a Transitional Care Unit her within a Transitional Care Unit her - Representative Noor said the previous estimate indicated about $5 million based on the previous bills
- the committee in 2024, which had costs of about $2.3 million in 2025 and $5.4 million in 2026 and $5
- million based on the indicated about 5 million based on the previous<00:20:57.760>
bills <00:20 - /c><00:21:30.679>
million 6 and 5 million 6 and 5 million ongoing<00:21:32.760>there <00
HI
Transcript Highlights:
- We plan to have seven total out there for a full Probation Services Unit, including supervision, drug
- We plan to have seven total out there for a full Probation Services Unit, including supervision, drug
- Services Unit uh including supervision<00:10:21.160>
drug <00:10:21.440>testing <00:10: - We'll create a cybersecurity unit in our IT department.
- We'll create a cybersecurity unit in our IT department. The second request here is...
Summary:
The Joint Committee on Labor and Judiciary heard the Judiciary’s budget presentation from Brandon Kimura and other court administrators. The Judiciary outlined its mission and access-to-justice programs, including specialty courts, self-help centers, online small claims dispute resolution, and e-reminders. It requested an operating budget of $6.17 million in FY 2026 and $6.25 million in FY 2027, along with 17 permanent and one temporary position, and described a series of staffing and program requests tied to specialty courts, district court operations, technology, and public guardianship.
Major program requests included making women’s court permanent by converting seven temporary positions to permanent and adding a substance use counselor; expanding truancy court and the Early Education Intervention Program on Oahu; and making the driving while impaired court permanent. The Judiciary also sought staffing and funding for the new Wahiawa District Court, including security, janitorial, IT, clerical, bailiff, and social worker support, plus an additional district court judge and staff in Kona. Technology requests included cybersecurity tools and a cybersecurity unit, enhanced email protection, and replacement of aging network switches. Other operating requests included continued funding for the Criminal Justice Research Institute, restoration of 12 positions cut during the pandemic, and added support for the Office of the Public Guardian.
For capital improvement projects, the Judiciary’s top priorities were $4 million to design a new South Kohala District Court, $900,000 to replace an aging AC chiller on Kauai, and $5 million for lump-sum facility preservation work. Members asked questions about purchase-of-service contract rates, implementation of court-appointed fee increases, federal grant dependence, specialty court effectiveness, truancy court outcomes, and the condition of the Ewa District Court site. Judiciary witnesses said they were working to raise provider rates through contracts and a separate bill, cited low recidivism and reduced petitions as evidence that specialty courts and truancy efforts are working, and said the Ewa site has significant foundation issues that may require further assessment or a different location.
NH
New Hampshire 2025 Regular Session
House Ways and Means (04/01/2025)
Transcript Highlights:
- potentially invest up to 5%. That's how potentially invest up to 5%.
- States and to New Hampshire as for loss of principal to 5% of another small percentage, not 5% of the
- We're talking 5% of a of 30 billion.
- /c><01:26:03.760>
million they're going to approve a $5 million they're going to approve a $5 - budget, you know, you have $5 million. budget, you know, you have $5 million.
Summary:
The committee held a work session on HB 302, which would add precious metals and digital assets as potential investment options. State Treasurer Monica Misipelli said she took no position on the bill and did not see an immediate fiscal impact or operational problem, but explained that the state’s operating funds and rainy day fund require liquidity and stability, so they would not be suitable for volatile assets like precious metals or digital assets. She said the only funds that might potentially use such investments would be certain trust funds held in perpetuity, which are managed by an outside investment advisor under a contract and investment policy.
Members asked about the treasurer’s current investment practices, including the types of funds managed, the role and discretion of the investment advisor, the state’s risk profile, and whether the bill would affect existing authority. Misipelli said the office follows RSA 11 and related statutes, with different objectives ranging from conservative to aggressive depending on the fund, and that the advisor meets with the office regularly, with formal performance reviews on a quarterly basis. She also said the office recently centralized management of about 40 trust accounts totaling roughly $60 million into five combined portfolios under a five-year contract with an RFP-selected vendor. When asked whether precious metals or digital assets are already indirectly available through mutual funds, she said that was possible for some mutual funds, but she was not certain about digital assets.
Representative Ammon, the bill’s sponsor, said similar legislation had passed the Oklahoma House, the Texas House and Senate, and had advanced in Arizona. He argued the bill was intended to give the treasurer more tools to help balance portfolios and hedge inflation, noting concerns about federal debt and inflation. No vote was taken in the excerpt, and the chair ended the questioning after thanking the treasurer and asking her to remain available in case further questions arose.
AL
Transcript Highlights:
- /c> aside to mental health that was uh $5 aside to mental health that was uh $5 million<01:14:44.960>
- He served as a senator in the United States Senate.
- He was also vice president of the United States at one time, and I think he ran for president.
- He served as a senator in the United States Senate.
- He was also vice United States Senate.
Summary:
The Alabama Senate convened with prayer and the pledge, confirmed a quorum, excused absent senators, and adopted the previous day’s journal. The chamber then received House messages referring House Bill 614 on supplemental appropriations and House Bill 224 on the distribution and use of tax funds to the Finance and Taxation General Fund Committee. Committee reports followed on several bills, including favorable reports for House Bills 169, 542, 593, and 13, with HB 542 amended in committee. The Senate also referred Senator Orr’s proposed rules change to the Rules Committee.
A series of resolutions were taken up and adopted, including Senate Resolution 109 creating the Alabama Boating Safety Task Force, Senate Joint Resolutions 102 and 103, House Joint Resolutions 237, 215, 216, 218, and 235, Senate Joint Resolution 88 supporting the U.S. Department of Energy’s nuclear life cycle innovation effort, Senate Joint Resolution 93 creating a rural EMS and volunteer fire department study commission, Senate Joint Resolution 94 commending Exchange Club of Tuscaloosa Officer of the Year honorees, and Senate Joint Resolution 110 commending William Riley Hawkins Jr. on his retirement from AARP Alabama. The Senate also recognized several guests in the gallery, including local school superintendents and a student visitor.
The chamber then moved through local legislation, adopting BRs and passing numerous local bills and constitutional amendments, including measures for Mobile, Prichard, Class 2 municipalities, Mingo County, Talladega County, Perry County, Wilcox County, Clay County, Washington County, and Madison County. Senate Bill 376 on Mobile County and Senate Bill 379 on Madison County were both passed and transmitted. Most local bills passed on unanimous or near-unanimous votes using the previous roll.
The Senate also adopted Special Order Calendar Resolution 111, setting a special order calendar for the 27th legislative day that prioritized a long list of appropriations, education, retirement, dam safety, and higher education bills. On that calendar, House Bills 235, 236, 237, 238, 239, 240, 241, 242, 565, and Senate Bill 380 were taken up. HB 235’s committee substitute was tabled, a floor substitute was adopted restoring funding to the McQuain Center and removing some arts grants, and the bill passed. HB 236 passed after a language amendment. HB 237 passed as the Education Opportunities Reserve Fund bill. HB 238 passed after a floor substitute that shifted arts grants, added Voices for Alabama’s Children, adjusted RAISE Act weights, and increased funding for poverty, special education, and gifted students, along with a small amendment. HB 239 passed as the public education employee pay raise bill, with a substitute adding a retiree bonus and members discussing that the bonus would also be carried through SB 380. HB 240, HB 241, HB 242, and HB 565 all passed. SB 380 on the teachers retirement system received committee amendments and was being advanced as the vehicle for the retiree bonus, with Senator Orr explaining the bonus would be about $33 million and based on $1 per month of service for eligible retirees with at least 10 years of service.