Video & Transcript Research : 'certification of trust'
Page 179 of 500
LA
Transcript Highlights:
- At the age of two, At the age of two, Bella was diagnosed with a rare form of childhood eye cancer, affecting
- Today is, of course, June 1st. It is the beginning of days of action for the Mississippi River.
- Therefore, be it resolved that the House of Representatives of the legislature of Louisiana does hereby
- This is to express the condolences of the House of Representatives on the death of Mr. Ponder P.C.
- It is with immense sadness and profound regret that the House of Representatives of the Legislature of
Bills:
HB410, HR310, HR314, HR316, HR317, HR321, HR275, HR276, HR279, HR282, HR286, HR289, HR292, HR295, HR302, HR319, HR307, HR273, SCR59, SCR61, SCR62, SCR68, SCR69, SCR70, SCR54, SCR55, SCR64, SCR75, HCR32, HB776, HB42, HB119, HB159, HB302, HB1017, HB1028, SB217, SB283, HB953, SB208, HR74, HB998, HB901, HR20, HCR65, HCR71, HCR98, HB284, HB306, HB341, HB366, HB393, HB458, HB577, HB603, HB605, HB614, HB625, HB646, HB733, HB752, HB773, HB798, HB911, HB955, HB996, HB1035, HB1069, HB1113, HB1140, HB1180, HB1191, HB1240, HB1255, SB82, SB89, SB97, SB123, SB237, HB36, HB74, HB75, HB258, HB259, HB414, HB459, HB784, HB848, HB956, HB1095, HB1220, HB1252, SB469, SB479
Keywords:
recording, privacy, notification, direct conversation, law enforcement, first responder, penalties, oil and gas, orphan wells, inactive wells, shut-in wells, marginal wells, plugging and abandonment, well decommissioning, site remediation, site restoration, Oilfield Site Restoration, OSR program, financial security, bonding
Summary:
The House convened with a quorum, opened with prayer, the pledge, and a national anthem performance, then moved through several personal privileges and recognitions. Members welcomed a student cancer survivor and entrepreneur, Bella of Brave Bella Bead Company, and also recognized a new legislative assistant, a page leaving for college, and a resolution honoring National Mississippi River Day. The chamber also received conference committee reports and enrollment reports, and returned some previously failed measures to the calendar, including H.R. 119 and H.B. 410.
The main floor action centered on a series of Senate concurrent resolutions, most of which were adopted overwhelmingly. These included SCR 59 on re-evaluating flood maps and insurance rates tied to the Comite River Diversion Canal, SCR 61 urging higher reimbursement for behavioral health crisis centers, SCR 62 calling for review of school-zone safety and speed limits, SCR 68 creating a blockchain and digital innovation task force, SCR 69 encouraging continued research to reduce sugarcane burning, SCR 70 supporting the Major Richard Star Act for medically retired combat-wounded veterans, SCR 54 supporting the Mississippi River Basin Fishery Commission Act, SCR 55 designating the Peggy Martin Rose as the official state rose, SCR 64 creating a construction manager-at-risk task force, SCR 75 studying a Louisiana maneuvers museum and trail, and SCR 80 creating a task force on the minimum foundation program and long-term teacher pay funding. Most passed with little or no opposition, with SCR 84 on earthquake seismic activity in several parishes amended to adjust task force membership before final adoption.
The House also heard a personal privilege statement honoring the late Ponder P.C. Clinton Jr., a noted Black farmer, cattleman, and community leader in Shreveport’s Cedar Grove neighborhood, and expressed condolences to his family. Later, members received a hurricane-season reminder from Rep. Jay Galle about disaster response procedures and the need to work through parish emergency offices. The transcript ends as the House moves into additional concurrent resolutions returned from the Senate with amendments.
LA
Transcript Highlights:
- So we bring this bill to try to address some of those issues with the goal of strengthening the trust
- And again, I trust the Department of Health.
- nurse certification to align the role with teacher salary scheduling, requiring two years of nursing
- nurse certification with the Louisiana State Board of Nursing relicensure continuing education, which
- We're making connections across a broad span of data points that really I can trust are significant,
Bills:
SB57, SB405, HB62, HB193, HB203, HB222, HB246, HB420, HB475, HB486, HB574, HB584, HB815, HB949, HB1092, HB1214
Keywords:
SB 57, Act 735, Act 463, nutrition, public health, food additives, artificial colors, banned chemicals, ingredient labeling, food labeling, FDA, food and beverage regulation, consumer disclosure, school nutrition, Louisiana Revised Statutes Title 40, Louisiana Revised Statutes Title 17, food manufacturers, food retailers, compliance, effective date delay
HI
Hawaii 2026 Regular Session
EIG DEFER Public Hearing 04-21-2026
Energy and Intergovernmental Affairs
Transcript Highlights:
- The next resolution is HCR 165, requesting the City and County of Honolulu Department of Parks and
- pass unamended, noting the presence of pass unamended, noting the presence of all<00:02:44.600><
- urging the United States Department of urging the United States Department of Defense<00:03:35.840
- the task force's responsibility to also include separation of ownership and control of electric energy
- ownership and control uh separation of ownership and control of<00:04:52.840>
electric <00:04:
Keywords:
pedestrian safety, raised crosswalks, Honolulu, traffic infrastructure, school zone, HCR154, Hele-On, Hele-On Shared Ride Program, County of Hawaii, Hawaii County, Mass Transit Agency, shared ride, paratransit, accessible transportation, ADA, mobility devices, wheelchair accessible, kupuna, seniors, elderly
Summary:
The Committee on Energy and Intergovernmental Affairs reconvened on April 21 and took up a series of House Concurrent Resolutions, with no public testimony. Members first approved HCR 43, urging raised crosswalks near Ala Wai Elementary at University Avenue, Malkiki Street, and Kamoku Street to improve student safety, and HCR 154, asking Hawaii County to expand the Heleon shared ride program islandwide, including rural and underserved areas. They also passed HCR 165, calling for permanent pickleball nets and court lighting at Kamilo Iki Community Park, and HCR 186, urging the U.S. Department of Defense and Defense Health Agency to extend health care authorization renewals for people affected by the Red Hill water contamination crisis.
The committee then approved HCR 200, which urges the Department of Defense to reassess prior CERCLA-related closure decisions in light of evolving PFAS science. Members said the measure was intended to help keep PFAS out of the water system. HCR 202, establishing a legislative task force on Hawaii’s future energy pathways, was amended before passage to expand the task force’s scope to include separation of generation from transmission and distribution, add Senate leadership representation, and include representatives from the Agricultural Development Corporation and the Farm Bureau. Several members supported the amended version with reservations, expressing concern about possible cost impacts from separating generation and distribution.
Finally, the committee passed HCR 206 HD1, which requests the Hawaii State Energy Office to convene a working group to study the impacts of large data centers on utilities, ratepayers, natural resources, and climate goals. All measures were adopted by the committee, with HCR 202 passing with amendments and the others passing unamended. The meeting then adjourned.
LA
Louisiana 2026 Regular Session
Transportation, Highways and Public Works Apr 22nd, 2026
Transportation, Highways & Public Works
Transcript Highlights:
- We're kind of like the Geek Squad for the Office of Motor Vehicles.
- Chairman, I'd like to ask for an amendment to exclude the city of Shreveport out of this increase of
- It’s been really kind of bad for a lot of people. It’s been really kind of bad for a lot of people.
- want one of these.
- What are the current duties of the Office of Multimodal?
Bills:
SB309, SB457, SB513, HB148, HB149, HB358, HB384, HB428, HB487, HB593, HB613, HB657, HB675, HB712, HB716, HB720, HB723, HB728, HB732, HB845, HB846, HB965
Keywords:
driving school, driver education, prelicensing course, motor vehicles, Department of Public Safety, Office of Motor Vehicles, third-party tester, third-party examiner, private driving instructor, license application, consumer protection, course pricing, tuition regulation, administrative rules, transportation committee, construction, management, project delivery, public contracts, legislative approval
Summary:
The House Committee on Transportation met on April 22, 2026, with a quorum present and heard several transportation-related bills, many involving license plates, toll exemptions, and administrative changes. The committee first advanced HB 988 by Rep. Bagley, which changes the fee distribution for current and retired legislators’ special prestige license plates so the proceeds support repairs at the Pentagon/first LSU building rather than going to the state. It then heard HB 1001 by Rep. Marcel, designating a portion of U.S. Highway 190 as the Jesse Jackson Memorial Highway; the bill was supported with remarks honoring Jackson’s civil rights legacy, and the committee observed a moment of silence before reporting it favorably without objection.
The committee next considered HB 989 by Rep. Boyer, which updates and clarifies fees charged by public license tag agents. Rep. Phelps offered an amendment to exempt Shreveport from the fee increase, but it failed on a roll call vote, and the bill was then reported favorably by a 13-2 vote. HB 1192, also by Rep. Boyer, creating a Louisiana Dental Hygienist Association specialty license plate, was amended to remove a restriction limiting issuance to association members and then passed favorably without objection. HB 1032 by Rep. Wiley, which clarifies the substances referenced in DUI-related motor vehicle statutes, received technical amendments and was reported favorably without objection.
The committee also advanced HB 748 by Rep. Brough, exempting Louisiana school board-owned and leased vehicles from tolls on bridges and highways, including the Bell Chasse toll bridge area, after testimony from Plaquemines Parish school officials and the district attorney describing toll costs and operational burdens; the bill was amended to include leased vehicles and then reported favorably without objection. HB 1108 by Rep. Omade creating a homeschool pride specialty plate was also reported favorably without objection after discussion of the plate design and proceeds going to Homeschool Louisiana. Finally, HB 1081 by Chairman Wright, restructuring the Louisiana Ports and Waterways Investment Commission under the Office of Multimodal Commerce and DOTD for administrative support, was amended at the request of the Governor’s Office and reported favorably without objection. The committee adjourned after completing its agenda.
OK
Oklahoma 2026 Regular Session
Aeronautics and Transportation REVISED Apr 13th, 2026 at 10:00 am
Aeronautics and Transportation
Transcript Highlights:
- A couple of cleanup items: I don't know which version of the agenda you have in front of you, but item
- It will be questions of the author, questions of Goodwin.
- the requirements of this act for a total cost of about $266,000.
- Questions of the author, questions of Senator Stewart.
- of a collision.
Keywords:
outdoor advertising, transportation, state law, commercial activities, sign regulations, urban areas, turnpike, infrastructure, Oklahoma Turnpike Authority, construction, bridges, motor carriers, public safety, enforcement, Department of Public Safety, Oklahoma Corporation Commission, transition period, roadside investigation, motor vehicle laws, HB2979
OK
Oklahoma 2026 Regular Session
House of Representatives Second Regular Session of the 60th Legislature Day 24 Mar 12th, 2026 at 09:30 am
Oklahoma House Floor Meeting
Transcript Highlights:
- of allegiance, introduction of doctor and nurse of the day, correction of previous day's journal, House
- The third reading of the bill, House House Bill 2997 by Kerbs of the House and Alakhar of the Senate,
- You have to have a group of five of these organizations of childcare facilities to qualify.
- That'll be the third reading of the bill, House Bill 3372 by Hall of the House and Pew of the Senate
- Third reading of the bill. House Bill 3006 by Kendrick of the House and Bergstrom of the Senate.
Bills:
HB2997, HB2021, HB3041, HB1823, HB3372, HB1427, HB3127, HB3128, HCR1020, HB4198, HB3000, HB3001, HB3002, HB3003, HB3004, HB3005, HB3006, HB3007, HB3008, SB392, HB3320
Keywords:
motor vehicles, administrative fines, license regulation, state agencies, employment levels, after-school programs, grant funding, community organizations, child care, Oklahoma Department of Human Services, credit card transactions, payment methods, service charge, consumer rights, financial regulation, housing finance, Oklahoma Housing Finance Agency, publication requirements, housing policy, state regulations
AL
Alabama 2026 Regular Session
Alabama House State Government Committee Feb 18th, 2026
State Government
Transcript Highlights:
- that I have the privilege of chairing. that I have the privilege of chairing.
- <00:11:15.040>
a of the committee that was just kind of a of the committee that was just kind - in these kind of facilities. in these kind of facilities.
- Um, so this bill was, um, authorized by the Alabama Department of Revenue to issue certificates of title
- Thank you. authorized by the Alabama Department of Revenue to issue certificates of title to current
Keywords:
independent contractors, portable benefits, employee benefits, tax deductions, employment relationship, education, high school, community college, dual enrollment, secondary credit, Move on When Ready, financial services, discrimination, social credit score, religious freedom, transparency, consumer rights, Alabama, wastewater management, public service commission
TX
Transcript Highlights:
- Chair lays out the Senate Bill 2215 is a matter of pending business.
- Car lays out Senate Bill 1944 as a matter of pending business.
- We've also been in consulting with some of our, uh, some of the House Republican delegation, especially
- We've, we've exhausted a lot of our house bills.
- The committee will stand in recess subject call of the chair.
Bills:
HB 148, HB 334, HB 554, HB 762, HB 1520, HB 1593, HB 3526, HB 3810, HB 5092, SB 2215, HB 2607
Keywords:
family leave, leave pool, county employee, sick leave, vacation leave, family care, pandemic, guardianship, HB 554, fireworks, Juneteenth, Juneteenth holiday, retail fireworks permit, Texas Occupations Code, Local Government Code, county commissioners court, drought conditions, Texas A&M Forest Service, fire safety, holiday sales
TX
Transcript Highlights:
- This doesn't have the psychotropic effects of the other stuff that we're doing.
- with a number of members to further...
- of members to further improve the bill.
- age of wine authorized to be sold by a wine collection seller.
- to the temporary sale of alcoholic beverages at certain racing facilities.
Keywords:
SB 801, birth certificate, birth record, certified copy, homeless, homelessness, unhoused, vital records, state registrar, local registrar, county clerk, fee waiver, identity documents, ID access, housing insecurity, shelter, transitional housing, Health and Safety Code, HHSC, Health and Human Services Commission
Summary:
The Senate Committee on State Affairs met with a quorum present and considered several pending measures. On Senate Bill 1868, Senator Perry explained a committee substitute that would keep kratom in its natural state legal while continuing to ban 7-OH and other synthetic derivatives, and would also add three synthetic opioids from another bill. The substitute was adopted, and SB 1868 was reported favorably to the full Senate and certified for the local and uncontested calendar. The committee also adopted a committee substitute for Senate Joint Resolution 39, Senator Birdwell’s proposed constitutional amendment related to veto overrides after a regular session, and reported it favorably to the full Senate; members noted a floor amendment would also be offered later.
The committee then considered Senate Bill 1184, relating to the age of wine authorized to be sold by a wine collection seller, and reported it favorably to the full Senate. After some procedural discussion and a revote to clarify members’ positions, SB 1184 was also certified for the local and uncontested calendar. Senate Bill 1194 was likewise certified for the local and uncontested calendar without objection, though the transcript does not include its substantive discussion.
Senate Bill 1577, relating to the temporary sale of alcoholic beverages at certain racing facilities, was reported favorably to the full Senate and then certified for the local and uncontested calendar. Finally, Senate Concurrent Resolution 42, by Chairman Hughes, was reported favorably to the full Senate on an 8-1 vote. The committee then recessed until called back by the chair.
TX
Transcript Highlights:
- So in order to get these forms of common ID, Texans need to submit these birth certificates and other
- the lack of a birth certificate.
- Of those 200, we have helped 128 of them get copies of their birth certificates and their IDs. ...get
- copies of their birth certificates and their IDs.
- , 128 of them we helped obtain a birth certificate and ID.
Keywords:
SB 801, birth certificate, birth record, certified copy, homeless, homelessness, unhoused, vital records, state registrar, local registrar, county clerk, fee waiver, identity documents, ID access, housing insecurity, shelter, transitional housing, Health and Safety Code, HHSC, Health and Human Services Commission
Summary:
The Senate Committee on State Affairs heard testimony on several bills, with most measures left pending after public testimony closed. SB 801, by Sen. Menéndez, would require DSHS and local clerks to issue birth certificates at no cost to people experiencing homelessness. The author and Maria Benavides of SA Youth said the fee and mailing requirements are major barriers to obtaining ID, housing, and work, and Benavides described clients who were able to secure housing and employment after getting birth records and IDs through her program. The bill was left pending.
The committee also heard a set of bills related to the Gulf of Mexico/Gulf of America naming issue: SB 1410 would require state agencies to use “Gulf of Mexico” in official documents, SB 1717 would conform state law to the federal renaming to “Gulf of America,” and SJR 63 would amend the Texas Constitution to match that change. Support testimony for the latter two emphasized alignment with federal action and the use of different geographic names by different countries. All three measures were left pending.
Members then heard SB 1200, which would require plaintiffs suing defense contractors to disclose in discovery whether they are receiving litigation funding from adversarial nations such as China, Russia, or Cuba. The author and Texans for Lawsuit Reform said the bill targets third-party litigation funding and foreign influence on lawsuits, especially those affecting defense contractors; the committee substitute narrowed the definition of defense contractor and expanded applicability to actions involving defense contractors’ activities. SB 2626, which requires continuing medical education on pregnancy-related emergencies for OB-GYN physicians and nurses, drew support from witnesses who said it would reduce confusion about Texas abortion law and improve care in emergencies. SB 506, SB 2681, SB 1862, SB 1863, and SB 2216 all focused on elections, including ballot language standards, voter registration challenges, interstate voter-roll cleanup, procedural audits, and election equipment security; testimony split between supporters who said the bills improve transparency and integrity and opponents who warned of vague standards, added costs, and possible voter disenfranchisement. Each of those bills was left pending after testimony.
WY
Wyoming 2026 Regular Session
Senate Labor, Health & Social Services Committee, February 25, 2026
Labor, Health & Social Services
Transcript Highlights:
- <00:08:33.039>
is well, but it one of one of the three is well, but it one of one of the three - of the you see this idea of the of the liquidated<00:09:10.480>
damages. - c> talking about um kind of a a statute of talking about um kind of a a statute of limitation.<00:32:
- <00:35:23.440>
uh the intention of of the sponsor that uh the intention of of the sponsor - c> protecting that right of of um right of protecting that right of of um right of free<01:34:26.239>
WY
Wyoming 2026 Regular Session
House Labor, Health & Social Services Committee, February 25, 2026
Labor, Health & Social Services
Transcript Highlights:
- Some of you are familiar with some of them.
- some of the science of certainly go into some of the science of it,<00:04:59.440>
my <00:04:59.600 - <00:10:33.600>
of start with the highest level of of start with the highest level of of training - I think of that of their disease. Right?
- <01:05:36.640>
So because of fears of needles. So because of fears of needles.
WY
Wyoming 2026 Regular Session
House Transportation, Highways & Military Affairs Committee, February 24, 2026
Transportation, Highways & Military Affairs
Transcript Highlights:
- of a one-third of the Army deployment of a one-third of the Army National<00:02:27.599>
Guard, - The organized militia consists of such elements of the land and air force of the National Guard of the
- and air force of the national guard of and air force of the national guard of the<00:20:34.640><
- Guard of Wyoming into service of the Guard of Wyoming into service of the United<00:21:45.520>
States - the Gulf of uh me Mexico, Gulf of the Gulf of uh me Mexico, Gulf of America<00:27:04.559>
now
WY
Wyoming 2026 Regular Session
Senate Transportation, Highways & Military Affairs Committee, February 24, 2026
Transportation, Highways & Military Affairs
KY
Kentucky 2025 Regular Session
Public Pension Oversight Board (12-12-25) - Part 1
Transcript Highlights:
- years of full or very nearly full funding for the Retirement Annuity Trust.
- of this. of this.
- Below that, the state share of shared responsibility to the health insurance trust is $100.6 million.
- <01:08:36.680>
of <01:08:37.240>uh most of that is because of of uh most of that is - You've heard enough of of of of<01:24:41.200>
our <01:24:41.360>speaking.
Keywords:
Meeting Start: 00:00:00
Attendance Roll Call: 00:00:12
Approval of Minutes: 00:01:34
Actuarial Valuation Update – KPPA: 00:02:10
Actuarial Valuation Update – TRS: 00:25:32, 958, all
Summary:
The meeting began with roll call, confirmation of a quorum, and approval of the prior minutes. The main presentation was from KPPA officials Ryan Barrow and Erin Saratt on the annual actuarial valuations for the retirement and insurance systems. They said the systems’ funding status improved overall, with three of five insurance funds fully funded, CERS hazardous dropping from over 100% funded to 90.9% because of premium changes, and KRS receiving $650 million in supplemental funding over the biennium. They also reported strong investment returns above assumed rates, higher payroll and membership counts, and resulting actuarial losses tied to higher salaries and premiums, especially on the insurance side.
Members asked several questions about what drove the actuarial losses and whether legislation affected them. KPPA said the CERS insurance loss was driven by premium increases and Senate Bill 10, while the pension-side losses were largely due to higher payroll and benefits for Tier 1 and Tier 2 members. They explained that new Tier 3 employees are designed to add no additional unfunded liability, and that the state administers the systems but does not directly control all hiring. Questions also focused on retiree health premiums, which KPPA said rose about 15% for non-Medicare retirees and 38% for Medicare retirees, with the increase attributed to utilization, prescription costs, and the Inflation Reduction Act.
The committee then heard from TRS Deputy Executive Secretary and General Counsel Beau Barnes on the 2025 TRS actuarial valuation. He reported that the Retirement Annuity Trust and Health Insurance Trust both received full funding, the retirement trust’s funded ratio improved to 61%, TRS 4 remains well funded with no liability, and the health insurance trust improved to 89.1%. Barnes said TRS is on track to fully fund legacy liabilities within the amortization period, with 2044 as the point when the system reflects 100% funding and 2046 as the last year needing additional dollars for the legacy liability. He also explained that lower assumed investment returns and updated mortality assumptions increased liabilities, but that TRS uses direct rate smoothing for budgeting purposes.
At the end of the meeting, the chair circulated a proposed set of “do’s and don’ts of pensions,” emphasizing that future legislation should not create unfunded liabilities. Barnes also noted he would later discuss several legislative proposals for the 2026 session, but the transcript provided ends before that discussion or any votes on those proposals.
KY
Kentucky 2025 Regular Session
Juvenile Justice Oversight Council (8-29-25)
Transcript Highlights:
- different parts of the state are part of different parts of the state are part of the<00:10:27.040
- of of the title be recipients we hope of of the title two<00:14:28.800>
funding <00:14:29.120> - Um, one of the one of the believe.
- Coordinators received instruction certifications the week of May 12 through the 15th.
- 00:47:36.319>
the <00:47:36.480>12th certifications the week of May the 12th certifications
Keywords:
Meeting Start: 00:00:03
Roll Call: 00:00:09
Agency Updates: 00:01:44
Juvenile Justice Advisory Board Update: 00:03:36
Department of Juvenile Justice Update: 00:23:10, 958, all
Summary:
The Juvenile Justice Oversight Council approved the minutes from its November 8, 2024 meeting and welcomed new member Representative Nick Wilson. The council also heard an update from the Administrative Office of the Courts on a school attendance awareness campaign aimed at reducing truancy referrals to court, and a member requested a future, more detailed presentation on truancy trends.
The council then received an update from the Juvenile Justice Advisory Board from Dr. David Frink and Elsie Berger. They described the board’s membership, meeting schedule, public access, annual report and three-year plan, and its role in helping Kentucky remain compliant with federal juvenile justice requirements so the state can receive Title II funding. They said the board reviews grant applications for community-based services, substance use, and early intervention programs, with about $584,000 in federal funds this year and a little over $600,000 expected next year. Members asked about participation, board vacancies, and how to engage with the board, and the presenters emphasized the importance of statewide representation and community input.
The Department of Juvenile Justice then provided a broader update through Commissioner Randy White and Deputy Secretary Mona Wamik. White said DJJ is under an ongoing U.S. Department of Justice investigation focused on conditions in detention facilities, including use of force, isolation, abuse, mental health care, and special education, and said the department has cooperated with repeated information requests and site visits. He also reviewed recent legislative and administrative changes, including 2023 Senate Bill 162, regional detention planning, facility segregation requirements, staffing and salary investments, improved staffing levels, reduced mental health vacancies, and training efforts related to security threat groups. He said DJJ has made progress but continues to work on staffing, safety, and facility improvements.
TX
Transcript Highlights:
- a bifurcated class of, of these type of perpetrators.
- Educators hold positions of trust and authority, and when that trust is violated, it can have lifelong
- He then invited me to church and over the course of a few months, he became a trusted mentor and a shoulder
- is extended a year if there's a position of trust.
- parents and as a child, you drop your guard in many spaces because of the space of trust and you're
KY
Kentucky 2025 Regular Session
Public Pension Oversight Board (2-24-25)
Transcript Highlights:
- trust amount would be shifted over to the pension amount in the event of 100% funding of the health
- insurance trust fund, and the same would be true of other employer contributions.
- contribution out of all of these what contribution out of all of these what section<00:07:25.759
- The response was that the trust fund is anticipated to hit 100% funding of what it needs to outlay and
- 100% of the anticipated medical bills of 100% of the anticipated medical bills of the<00:15:01.959
Keywords:
Meeting Start: 00:17
Attendance Roll Call: 00:41
Approval of Minutes: 02:40
HB 694: 03:16
SB 183: 18:32
Discussion on PPOB Membership: 36:10
Adjournment: 42:35, 958, all
Summary:
The committee first approved the minutes from its January 27 meeting and then took up House Bill 694, which would create a default rule for the Teachers’ Retirement System health insurance trust fund once it reaches 100% funding, currently anticipated around 2027. The bill would redirect two funding streams now going to the health trust—state payments on behalf of local districts and other employer contributions—into TRS pension benefits if the health fund reaches and maintains full funding. The sponsor said this would add about $154 million annually to TRS pensions and would only serve as a default if no other plan is adopted later.
Members asked whether the bill would shift the unfunded liability to teachers or affect employee contributions. The sponsor and staff said it would not shift liability to teachers and would not change the employee contribution; only the employer-side payments would be redirected. Several members asked about the meaning of actuarial 100% funding, whether the fund could fall back below 100%, and whether employee contributions might be reduced in the future. The sponsor said the bill is based on actuarial projections, would revert the money back to the health trust if funding fell below 100%, and does not prevent future legislative or board action. Senator Higdon and others spoke in support of discussing the issue, noting the 2010 shared-responsibility changes and the need for a default approach as full funding is reached.
The committee then heard Senate Bill 183, which would amend Kentucky law governing proxy advisers used by retirement systems. The sponsor said the bill would require proxy advisers, when handling shareholder-sponsored proposals, to act solely in the interest of retirement system members and beneficiaries and to provide an economic analysis when voting against a company board’s recommendation. He argued the measure is aimed at proxy advisers such as ISS and Glass Lewis, which he said often advance ESG-related proposals not tied to shareholder value. A guest from APCIA said the bill is meant to distinguish proxy advisers from investment managers and to strengthen the 2023 law by requiring a clearer economic justification for votes that depart from board recommendations.
Members asked how proxy advisers differ from other financial advisers, whether Kentucky uses them, and whether the bill would prevent pension funds from investing in companies with ESG factors if those investments are profitable. The sponsor and guest said the bill would not bar such investments; it is intended to regulate proxy voting recommendations, not investment decisions. They described the bill as a proactive measure to reinforce fiduciary responsibility and limit outside proxy influence on pension voting. No final vote on either bill was taken in the portion of the meeting provided.
NH
New Hampshire 2026 Regular Session
House Election Law (02/01/2024)
NH