Video & Transcript Research : 'surplus distribution'

Page 17 of 391
MN

Minnesota 2025-2026 Regular Session

House Children and Families Finance and Policy Committee 2/25/26

Children and Families Finance and Policy

Transcript Highlights:
  • So don't have the $18 billion surplus.
  • <00:26:57.440> money because we do not have any surplus money because we do not have any surplus
  • > has<01:09:45.199> increased years, our distribution has increased years, our distribution
  • <01:09:50.480> nearly Last year alone, we distributed nearly Last year alone, we distributed
  • <01:31:50.239> more over 650 families and distributed more over 650 families and distributed
AZ

Arizona 2026 Regular Session

03/05/2026 - Joint Legislative Budget Committee

Joint Legislative Budget Committee

Transcript Highlights:
  • Okay, as distributed. We're good, okay. As distributed. Noted. Noted. The attendance is noted. Mr.
  • As background, the election costs less than expected and there was a surplus.
  • The cost was less than expected and there was a surplus.
Keywords: 1182, all
FL

Florida 2025 Regular Session

March 27, 2025 - 09:00 AM

Transcript Highlights:
  • To ultimately get them to the surplus market.
  • Let's try the surplus lines, and only then does it go into Citizens. Mr.
  • Let's try the surplus lines and only then does it go into citizens. Mr.
  • Let's get into the way things work right now with the admitted or surplus lines.
  • Let's get into the way things work right now with the admitted or surplus lines.
Summary: The committee met with a quorum and heard several insurance- and trust-related bills. CS/HB 265, relating to post-judgment execution proceedings involving terrorism, was presented as a measure to help victims enforce long-standing judgments against terrorist assets; it received no opposition in testimony and was reported favorably. CS/HB 1173, concerning the Florida Trust Code, clarified that the Florida Attorney General is the only public official with standing to enforce charitable trusts administered in Florida; members discussed that it was intended to resolve ambiguity identified by a court decision, and it also passed favorably. The committee then took up PCS/HB 643 on residual market insurers. The bill would remove the “diligent effort” requirement for surplus lines placements, revise surplus lines eligibility, and let Citizens policyholders elect arbitration through DOAH or the courts at renewal or issuance. The sponsor argued the changes would reduce red tape and give consumers more options, while an opponent from the Florida Justice Association warned that removing diligent-search protections could push more policyholders into higher-cost, less-regulated surplus lines coverage and that arbitration could favor insurers. Committee members raised concerns about the lack of premium credits for arbitration, the effect on Citizens, and the loss of consumer protections, but the bill was reported favorably. Finally, PCS/HB 1047 on insurance regulation generated extensive debate. The bill would reduce pre-licensure hours for general lines agents from 200 to 60, clarify restrictions on public adjuster conduct, require claims-handling manuals only for active residential property insurers, and define “sufficient evidence” for bad-faith claims with examples and a 10-day objection/response process. Supporters said it would streamline claims handling and clarify timelines; opponents and several members argued it could burden policyholders, especially after disasters, and might make it easier for insurers to delay or deny claims. There was also concern about the reduced training hours for new agents and the lack of detail on what constitutes sufficient evidence or a specific objection. After a divided debate, the bill was reported favorably by a 12-6 vote. The meeting then adjourned.
TX

Texas 89th Regular

89th Legislative Session May 2nd, 2025

Texas House Floor Meeting

Transcript Highlights:
  • It also refers to cell distribution display, right?
  • A $30 billion surplus over that time, is that correct? Yeah, close.
  • It's about a $24 billion in the surplus. I'm sorry. No, it's okay.
  • We have one surplus; it's about $24 billion. That's what we call the surplus.
  • But then we also have another surplus that we...
Bills: HJR138, HB42, HB 104, HB 129, HB677, HB426, HB668, HB1699, HB2017, HB2128, HB2038, HB3783, HB3717, HB2316, HB3686, HB2563, HB3883, HB4021, HB2788, HB2663, HB3305, HB3173, HB3474, HB 1105, HB3531, HB3490, HB3597, HB 1295, HB3512, HB3010, HB3112, HB4215, HB3223, HB3464, HB3120, HB4214, HB4511, HB3704, HB4081, HB4783, HB4063, HB2783, HB4937, HB5085, HB2510, HB3426, HB4361, HB 1169, HB2516, HB2347, HB4034, HB4700, HB3560, HB5150, HB3860, HB3146, HB3924, HCR98, HCR92, HB1520, HB1545, HB5265, HB1887, HB1914, HB2402, HB2306, HB2350, HB3000, HB3237, HB3326, HB3211, HB 1056, HB2081, HB2187, HB3092, HB3308, HB3526, HB3750, HB4219, HB4230, HB4290, HB5238, HB4804, HB4749, HB245, HB1465, HB294, HB793, HB809, HB3928, HB334, HB2037, HB1973, HB285, HB4341, HB 1043, HB 1234, HB 1193, HB1729, HB2498, HB1314, HB1353, HB3960, HB3923, HB2221, HB2517, HB2518, HB2213, HB5092, HB3748, HB5246, HB4344, HB1482, HB4044, HB2702, HB4264, HB2807, HB2898, HB3181, HB3250, HB2091, HB2115, HB2542, HB2768, HB3349, HB4406, HB1593, HB1899, HB3133, HB3133, HB4960, HB3214, HB2145, HB 1201, HB5061, SB29, SB879, SB65, SB1745, SB412, SB412, SB1746, SB1238, SB1341, SB522, SB1532, SB1378, SB1062, SB2066, SB1963, SB2204, SB1366, SB2077, SB1967, SB1151, HB1618, HB2156, HB2615, HB2615, HB2349, HB1926, HB569, HB1762, HB38, HJR138, HB42, HB 104, HB 104, HB 129, HB677, HB426, HB668, HB1699, HB2017, HB2128, HB2038, HB3783, HB3717, HB2316, HB3686, HB2563, HB3883, HB4021, HB2788, HB2663, HB2663, HB3305, HB3173, HB3474, HB 1105, HB3531, HB3531, HB3490, HB3490, HB3597, HB 1295, HB3512, HB3010, HB3112, HB4215, HB3223, HB3223, HB3464, HB3120, HB4214, HB4511, HB3704, HB4081, HB4783, HB4063, HB2783, HB4937, HB5085, HB2510, HB3426, HB4361, HB 1169, HB2516, HB2347, HB4034, HB4700, HB3560, HB5150, HB3860, HB3146, HB3924, HCR98, HCR92
TX

Texas 89th Regular

89th Legislative Session May 20th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • All I know is that we have a $24 billion surplus in sales tax revenue, and I think more of it needs to
  • But the bottom line is, members, we have a $24 billion surplus. Mr. Speaker, Mr.
  • We have a $24 billion surplus.
  • We started this session with a $24 billion surplus, but instead of using that to put us on a path to
  • And this type of homestead exemption distributes the savings fairly amongst households.
NM

New Mexico 2026 Regular Session

House - Appropriations and Finance Feb 14th, 2026 at 10:04 am

House Appropriations & Finance

Transcript Highlights:
  • The fund will begin building now, and they will not be able to access it for distribution, as I mentioned
  • That's when those first distributions to projects can go out.
  • Had a surplus of $150-some million.
  • So what if there was this huge surplus and you had money?
  • Are we going to see a list, Chairman and Madam Chair, before the money is approved for final distribution
Keywords: 996, all
Summary: During the legislative meeting, House Bill 287 was discussed, which proposes the establishment of a permanent Health and Human Services Committee to oversee the state's $14.4 billion expenditure in this area. An amendment to the bill was adopted, which clarified funding and operational details. Public comments were solicited, but no one spoke in opposition. The committee ultimately voted, with some members expressing concerns about budget implications, but the motion to pass the bill as amended was made and seconded, with several members opposing it. House Bill 371 was also addressed, which focuses on creating an Acequia Infrastructure Fund to support land grant and Acequia communities. The bill aims to provide a financial mechanism for these communities to access funds for infrastructure projects without relying on capital outlay requests. The committee discussed the bill's implications, potential funding sources, and the need for further amendments regarding representation and oversight. A motion to pass the bill was made, with some opposition noted, particularly regarding the lack of specificity in the bill's provisions. Lastly, Senate Bill 143 was presented, which seeks to raise the caps on inspection fees under the Egg Grading Act, among other agricultural regulations. Supportive testimony was provided by representatives from agricultural organizations, emphasizing the need for updated fee structures. The committee engaged in discussions about the bill's implications for consumers and the agricultural sector, ultimately moving towards a vote to pass the bill.
NH

New Hampshire 2025 Regular Session

House Ways and Means (04/15/2025)

Transcript Highlights:
  • Thank you. distribute uh lucky seven tickets, bingo distribute uh lucky seven tickets, bingo surprise
  • the lottery collects it then distributes the lottery collects it then distributes it.<01:22:28.880
  • > statement<01:31:57.920> will And maybe this surplus statement will And maybe this surplus
  • :32:04.159> you<01:32:04.400> were surplus statement that uh you were surplus statement
  • > are us because the surplus statements are us because the surplus statements are not<02:20:13.520
Keywords: 928, house, all
Summary: The committee held a public hearing on SB 60, which would expressly authorize advanced deposit wagering for horse racing in New Hampshire and set the online tax rate at 1.25%, matching the existing rate for in-person horse betting at Seabrook and Belmont. Senator Tim Lang said the bill is intended to clarify that online horse betting is permitted, regulate the activity, and create a revenue stream while keeping the tax rate consistent with brick-and-mortar wagering. Members asked about the rate compared with other states, whether the bill was really about casino front money, and whether geofencing would apply; Lang and later witnesses said the bill is narrowly limited to parimutuel horse racing and would use geofencing to keep wagering within New Hampshire. Peter Bragdon, speaking for Churchill Downs, supported the bill and described advanced deposit wagering as remote betting on horse races under the Interstate Horse Racing Act of 1978. He said Churchill Downs and other operators have long been active in New Hampshire, but the state’s lack of a specific statute has created a gray area. Bragdon said Churchill Downs stopped its own New Hampshire online operations in 2022 after discussions with the Lottery Commission and attorney general, while competitors continued operating, and he framed the bill as a fairness and consumer-protection measure that would clarify the law going forward. He also said the bill would not affect historic horse racing machines and would not create cannibalization of charitable gaming. Lottery Director Charlie McIntyre said the Lottery Commission and attorney general had identified the issue as similar to the earlier fantasy sports situation, where legislation was used to regulate an activity rather than pursue enforcement. He said the commission requested the bill, would serve as the regulator, and would address violations through rulemaking and penalties. McIntyre said operators would maintain customer and transaction records, with the commission reviewing them as needed, and he noted that three operators are currently active in the state and not paying the proposed 1.25% rate. No vote was taken during the hearing.
MN

Minnesota 2025-2026 Regular Session

Plastic bottle excise tax proposed 3/10/26

Minnesota House Floor Meeting

Transcript Highlights:
  • couple of years back, and I know that we're all getting tired of hearing about what was an $18 billion surplus
  • couple of years back, and I know that we're all getting tired of hearing about what was an $18 billion surplus
  • How do we take care of our aging water distribution systems that are out there?
  • How do we take care of our aging water distribution systems that are out there?
  • How do we take care of our aging water distribution systems that are out there?
Keywords: 1183, house
TX

Texas 89th Regular

89th Legislative Session Apr 25th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • HB 2002 by Darby. reeling the eligibility of an organization to receive surplus agricultural products
  • to provide information on how customers can request vegetation management near transmission and distribution
  • HB 1851 by Morales of Maverick relaying disposition of certain surplus motor vehicles and another law
  • Speaker, this bill allows public schools to be able to purchase surplus vehicles for campus safety purposes
  • House Bill 4348. relating to the probation of certain roadway projects and distribution of affordable
AL

Alabama 2025 Regular Session

Alabama House Apr 24th, 2025

Alabama House Floor Meeting

Transcript Highlights:
  • of those funds. geographic distribution of those funds. geographic distribution of those funds.
  • are distributed around the state.
  • So again this the substitute will distribute $87 million to K will distribute $87 million to K will distribute
  • Then those funds will be distributed to all school funds will be distributed to all school funds will
  • And it's it's got distribute that money. And it's it's got distribute that money.
FL

Florida 2025 Regular Session

House in Session Apr 24th, 2025

Florida House Floor Meeting

Transcript Highlights:
  • BECAUSE OF THE STATE'S INTEREST IN PERMITTING DISTRIBUTION OF OBJECTIONABLE MATERIAL TO CHILDREN, IT
  • ITS POWER TO PROTECT THE HEALTH, SAFETY, WELFARE AND MORALS OF ITS COMMUNITY BY BORROWING THE DISTRIBUTION
Summary: The Florida House of Representatives conducted legislative business including prayer, pledge, and voting on multiple bills. Key legislation included HB 1105 expanding Florida Bright Futures Scholarship eligibility, HB 443 on charter school regulations (passed 83-23), and HB 1539 on materials harmful to minors (passed 81-29) after extensive debate about book challenges in schools. Other bills addressed education funding, law enforcement benefits, parole guidelines, and various local issues. The Speaker announced budget negotiations with the Senate have stalled, with disagreements over spending levels and tax cuts. The House will not meet this weekend as originally planned. Session adjourned until tomorrow at 10 AM.
TX

Texas 89th Regular

89th Legislative Session Apr 24th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • clerk read the bill HB number 2002 by Darby relating to the eligibility of an organization to receive surplus
  • electric customer of the procedure for requesting Vegetation management near a transmission or distribution
  • provide information on how customers can request vegetation management and air transmission or distribution
  • clerk read the bill HB number 1851 by Morales of Maverick relating to the disposition of certain surplus
  • Public schools in economically disadvantaged areas to purchase these surplus vehicles.
CA
Transcript Highlights:
  • This just allows another option, basically, for surplus land disposition. It doesn't require...
  • And so when the Surplus Lands Act came to be a requirement, meaning that if you're a public agency and
  • Short-term investment in housing via bonds and one-time surplus funding has provided needed emergency
  • It requires jurisdictions to distribute a meaningful share of multifamily and lower-income housing.
  • It requires jurisdictions to distribute a meaningful share of multifamily and lower-income housing in
Summary: The Assembly Committee on Housing and Community Development heard a long agenda focused mainly on housing production, higher education facilities, homelessness, and permitting reform. Early items included AB 6, which would direct HCD to convene a working group on allowing three- to ten-unit “missing middle” housing to be built under the Residential Code rather than the Building Code; AB 48, a higher education bond proposal that would fund campus repairs, modernization, disaster recovery, and student/employee housing; and AB 76, which would clarify a Chula Vista university innovation district exemption so the project can include academic buildings and housing without conflicting with surplus land rules. Supporters emphasized affordability, cost savings, student housing needs, and access to education, while members raised questions about implementation, affordability requirements, and project scope. The committee later took votes on these items, with AB 6, AB 48, and AB 76 all moving forward on unanimous or near-unanimous votes to Appropriations. Members also heard AB 595, which would create a state homeownership tax credit pilot to support affordable for-sale housing. The author and supporters argued that California’s homeownership rate is at historic lows and that the bill would help close racial wealth gaps by financing homes working families can buy. The committee approved AB 595 and sent it to Appropriations. The consent calendar, including several other housing-related bills, was also approved unanimously. A major portion of the hearing was devoted to AB 1165, the California Housing Justice Act of 2025, which would require ongoing state investment and a financing plan to address homelessness and housing affordability. The author and witnesses described the scale of homelessness, the limits of one-time funding, and the need for sustained, accountable funding streams. After testimony from housing advocates and people with lived experience, the committee passed AB 1165 on a 10-0 vote to Appropriations. Finally, the committee heard AB 609, a CEQA reform bill that would create a simplified exemption for qualifying infill housing projects in already developed areas. Supporters framed it as a targeted way to reduce delays and costs for housing near jobs and transit, while opponents from environmental justice, labor, and tribal groups warned it could reduce public participation, weaken protections for disadvantaged communities, and create consultation concerns for tribal cultural resources. The author said the bill would not change zoning or affordability tools and would continue to work with opponents on amendments. The bill was moved forward after extensive discussion, with members noting ongoing negotiations on tribal consultation and labor concerns.
NH

New Hampshire 2025 Regular Session

Senate Ways and Means (04/30/2025)

Ways and Means

Transcript Highlights:
  • <01:06:38.880> Um revenue or distribution education.
  • Um revenue or distribution education.
  • <01:54:44.800> So, distributed to the members as well.
  • So, distributed to the members as well.
  • So it all came off the surplus statement. It's just a big negative number.
Keywords: 1191, senate, all
NH

New Hampshire 2026 Regular Session

Senate Finance (02/10/2026)

Finance

Transcript Highlights:
  • The only way they can do that is to hold reserves large enough, which would be surplus, to be able to
  • >> I've not seen that chart. >> Was that just distributed by the Secretary of State?
  • that just distributed by the Secretary<01:40:13.840> of<01:40:14.000> State?
  • That red line is the return of surplus that we were required to give back.
  • And it requires earnings and surplus.
Keywords: 1191, senate, all
OK
Transcript Highlights:
  • moving from one account to the other is still under the control of the Film and Music Office, is surplus
  • Don't you think that the surplus that we have would be better served in a partial child care subsidy
  • In light of the surplus existing in the program right now in the film office, would you agree that this
  • some of that surplus.
  • Be distributed, redistributed equally amongst all school districts? Thank you for that question.
HI

Hawaii 2025 Regular Session

CPC-CPN Informational Briefing 04-03-2025

Hawaii Senate Floor Meeting

Transcript Highlights:
  • I'm actually through surplus lines?
  • surplus lines coverage. surplus lines coverage.
  • <00:30:41.279> lines cheaper coverage than surplus lines cheaper coverage than surplus lines
  • higher than excess and surplus line higher than excess and surplus line rates<01:33:21.440> for
  • it to the answers, we'll distribute it to the members. members. members.
Keywords: 912, senate, all
NH

New Hampshire 2025 Regular Session

Senate Education Finance (02/19/2025)

Education Finance

Transcript Highlights:
  • He added that the bill would authorize a warrant from the Education Trust Fund surplus to make up the
  • the previous year the state ended up with $125 million, and he thought $100 million would be the surplus
  • to<00:15:02.320> be<00:15:02.720> is<00:15:03.120> the<00:15:03.240> surplus
  • $100 million going to be is the surplus $100 million going to be is the surplus of<00:15:03.759>
  • Distributed to—is it going to be a first come, first serve, or are we going to prioritize low-income
Keywords: 1191, senate, all
NM

New Mexico 2025 Regular Session

Senate - Finance Jan 23rd, 2025

Senate Finance

Transcript Highlights:
  • We're seeing that in some investment earnings, specifically distributions to the general fund from the
  • It is simply a factor of the financial mechanism by which they distribute to the general fund, which
  • Maryland and California are two examples of states that blew through their surplus coming out of COVID
  • You've set up mechanisms, including what's called the GROW, to try to spread out this revenue surplus
  • And so, you know, if you get into a 6% spending growth scenario, you can spread out the surplus and have
CA
Transcript Highlights:
  • What we have some certainty about is that it's become sort of a new normal for these one-time surplus
  • funds and whether it's settled up or a one-time surplus funds and whether it's settled up or a one-time
  • new normal for these one-time surplus funds.
  • We were co-signers on a letter that's being distributed to you by the sergeants reflecting comments made
  • We were co-signers on a letter that's being distributed to you by the sergeants reflecting comments made
Summary: The Assembly Budget Subcommittee on Education Finance held its first hearing of the year on Proposition 98, focusing on the Governor’s budget estimates for the three-year budget window, the Public School System Stabilization Account (PSSA), and repayment of education deferrals. The Department of Finance said the minimum guarantee would rise by about $21.7 billion over the 2025 Budget Act, with increases in each year, full repayment of the existing settle-up obligation in 2024-25, a new $5.6 billion settle-up obligation proposed for 2025-26, and a higher guarantee in 2026-27. Finance also noted revised downward estimates for transitional kindergarten attendance and Los Angeles County property tax reimbursements, and said community colleges would be funded above the split because of enrollment growth. The Legislative Analyst’s Office emphasized fiscal risk and volatility, warning that recent revenue gains are tied heavily to the stock market and tech sector and could reverse quickly. The LAO argued the Governor’s proposed $5.6 billion delay shifts risk into future years and recommended instead fully funding the current estimate, making a larger reserve deposit, considering advance payments or pension-related uses, and finding additional non-Prop 98 solutions to reduce the state’s structural deficit. On the reserve and deferral items, Finance described revised PSSA deposits and withdrawals that would leave about $4.1 billion in the reserve by 2026-27, and both Finance and the LAO supported paying off the remaining LCFF and SCFF deferrals as good fiscal practice. Committee members questioned the size of the settle-up amount, the degree of revenue volatility, the use of the reserve, and the ongoing K-12/community college split. Finance said the proposal is meant to avoid overappropriation if revenues fall, while the LAO said a buffer of roughly $3.5 billion would address typical forecasting risk. Public commenters, including school boards, county offices of education, teachers, and advocacy groups, largely opposed the $5.6 billion withholding or settle-up delay, calling it a manipulation of Prop. 98 and urging full funding and more stable revenue solutions. Several speakers also urged dedicated funding for students experiencing homelessness. The hearing ended with no vote, and the chair announced that broader program discussions would occur in later hearings.