Video & Transcript Research : 'directed trust'

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HI

Hawaii 2026 Regular Session

LBT-EIG, EIG Public Hearings 02-03-2026

Labor and Technology

Transcript Highlights:
  • of determining certain state and county contributions in the Hawaii Employer-Union Health Benefits Trust
  • 06.799> calendar<00:02:07.200> days<00:02:07.439> to<00:02:07.680> one Trust
  • Fund from 90 calendar days to one Trust Fund from 90 calendar days to one full<00:02:08.239> year
  • However, the board is not the entity to which complaints would be directed.
  • However, the board is not the entity to which complaints would be directed.
Keywords: 912, senate, all
Summary: The joint hearing covered SB 2120, which would allow certain state and county employees rehired within one year to transfer accrued vacation and sick leave and extend the break-in-service period for health benefits. Testimony was split: the Department of Human Resources explained current leave payout and pension credit rules and raised concerns about the long transfer window, while labor representatives supported the measure. During decision-making, both committees recommended passage with amendments. The amendments narrowed the bill by changing the break-in-service period to 180 days for leave beginning on or after July 1, 2026, making the benefit transfer voluntary with a 90-day notice deadline, and changing the effective date to January 1, 2077. The recommendations were adopted by vote. The committees also heard SB 2523, an appropriation for the City and County of Honolulu Department of Information Technology to modernize the driver’s license and motor vehicle system. DIT described the current COBOL-based mainframe as decades old, said the project would use a code-share arrangement with Arizona, and estimated a $10 million, two-year conversion and rollout. Members questioned the cost, the city-state funding arrangement, and the feasibility of the project, including whether it would move to a cloud-based system. After testimony, both committees deferred the measure. In the Energy and Intergovernmental Affairs portion, SB 2032 on consumer protection for solar sales drew broad support from the Hawaii Green Infrastructure Authority, the Office of Consumer Protection, the Hawaii Solar Energy Association, and others. Testifiers said the bill was needed in response to misleading solar door-to-door sales and urged amendments to clarify “contractual affiliation,” exclude balcony/portable solar devices, and require disclosure of cash and financed prices. The committee then moved on to SB 2079 on vehicle titles, which had one supporter and one opponent but no testimony in person or online, and SB 2241 on zero-emission vehicles, for which the Hawaii State Energy Office submitted written support. The hearing also began discussion of SB 2579 on water-related grants, where agencies said any program would need clearer statutory standards and likely a feasibility study before implementation.
MO
Transcript Highlights:
  • If it was a citizen-based majority vote, you know, things of that nature, that's one direction.
  • I'm not about extending what's already been federally directed.
  • I'm not about extending what's already been federally directed.
  • I trust the county board a little bit more than I trust that city council, and I chose to build the same
Keywords: 959, house, all
Summary: The Commerce Committee reconvened to continue testimony on House Bill 2085, which would preempt local regulation of the sale of tobacco, nicotine, and vapor products and establish a statewide standard. The bill sponsor and supporters repeatedly said the measure is intended to create uniform rules for retailers, protect small businesses from a patchwork of local ordinances, and preserve existing local zoning authority. Several members questioned whether the bill’s language was too broad or vague, especially as to whether it could affect zoning near schools or other sensitive locations, and the sponsor said zoning was not the intent and should remain local. Testimony in support came from representatives of the Missouri Vape and Alternative Products Association, Ware Brands, Warrant’s, the Missouri Grocers Association, Maverick Convenience Stores, and the Missouri Petroleum Marketers and Convenience Store Association. Supporters argued that local flavor bans or other restrictions would harm small businesses, create compliance problems, and push sales into neighboring jurisdictions. They also said federal Tobacco 21 rules already govern sales to minors, and that the bill should be read as a statewide sales standard rather than a public health measure. One supporter emphasized that retailers already comply with FDA enforcement and that inconsistent local rules create operational burdens. Opposition came from the Missouri Public Health Association and the Springfield-Greene County Health Department, which said local tobacco regulations have helped prevent youth smoking and that the bill could invite litigation over existing ordinances and limit future local public health action. Committee members raised concerns about local control, public health, and the bill’s wording, while the sponsor clarified that the bill would preempt state and local standards on the sale of tobacco products where the state has already acted, but would not require every locality to adopt a 21-year-old purchase age. An informational witness from MOST Policy Initiative described health risks associated with vaping, flavored products, and youth nicotine use. The hearing concluded without a vote, and the committee adjourned after taking all testimony.
FL
Transcript Highlights:
  • As I said, sometimes it's taken a step further when the threat is directed at a family member, 14, this
  • unfortunate attempt on President Trump's life, which occurred in Palm Beach County, the governor directed
  • that is acts of what we can spend regardless, if we bring in other money, sometimes are some federal trust
  • and and the rest will revert back to the to the Legislature's general fund as understand where that trust
  • And you'll see the first is to coordinate direct law enforcement, initial emergency responses to terrorism
Keywords: 999, senate, all
MA

Massachusetts 2025-2026 Regular Session

Senate Committee on Climate Change and Global Warming Jun 21st, 2026 at 11:00 am

Senate Committee on Climate Change and Global Warming

Transcript Highlights:
  • At the direction of Governor Healey and Lieutenant Governor Driscoll, EEA has identified and worked to
  • We look forward to continuing to work with the legislature as we analyze federal directives and policies
  • First of all, are there direct FTEs that are part of the staffing of the Executive Office of Energy and
  • The service plazas are somewhat unique, where we have direct contractual relationships and can build
  • But basically, the Clean Air Act directs the EPA to regulate pollutants if they harm public health or
Keywords: 995, all
Summary: The committee held a hearing on the impact of the Trump administration’s federal climate policy changes on Massachusetts, with a focus on threatened grants, regulatory rollbacks, and state options to continue climate work. Chair Creem and other senators emphasized that Massachusetts still has a 2050 net-zero mandate and needs contingency plans for clean energy, transportation electrification, offshore wind, resilience, and financing if federal support is reduced or withdrawn. Executive branch witnesses said Massachusetts has already experienced disruptions to more than $1 billion in climate-related federal funds, though many suspended grants were restored after litigation by the Attorney General’s office. EEA reported continued uncertainty around a $389 million Grid Innovation Program award and a FEMA dam-safety reimbursement, while MassDOT said its NEVI fast-charging program remains on track with about $50 million obligated, but a $14.4 million competitive charging grant is on hold and future unobligated NEVI funds remain uncertain. Senators also discussed EV rebates, charging infrastructure, the role of the Community Climate Bank, and whether the state can expand independent financing and support for municipalities, higher education, and nonprofits. The Attorney General’s office described successful multi-state litigation that won a temporary restraining order and preliminary injunction against the federal funding freeze, restoring access to many EPA, DOE, USDA, and Interior funds, while noting continued enforcement actions over FEMA manual reviews and other barriers. The office said it is also preparing to defend the endangerment finding, California vehicle-emissions waivers, offshore wind permits, and other federal climate protections. Outside advocates warned that federal tax-credit rollbacks, tariffs, and possible repeal of IRA and infrastructure funding could slow EV adoption and raise costs, while offshore wind testimony said federal permitting pauses and legal challenges are delaying projects and could leave Massachusetts far short of its 2030 offshore wind goals. Nonprofit witnesses also described canceled or delayed grants for wetland restoration and urban heat mitigation, and urged the Legislature to increase state funding, including for the environmental bond bill and municipal vulnerability preparedness work.
MN

Minnesota 2025-2026 Regular Session

House Health Finance and Policy Committee 2/26/25

Health Finance and Policy

Transcript Highlights:
  • I can definitely point to how we could have prevented direct abuse had parents been educated on this,
  • I can definitely point to how we could have prevented direct abuse had parents been educated on this,
  • I can definitely point to how we could have prevented direct abuse had parents been educated on this,
  • I can definitely point to how we could have prevented direct abuse had parents been educated on this,
  • He ended up being abused by his in-home daycare provider, someone we had trusted for a very long time
Keywords: 1183, house
TX

Texas 89th Regular

Local Government Apr 14th, 2025

Local Government

Transcript Highlights:
  • Or the engineer to answer any of my questions, give me any direction on how to follow the rules.
  • The bill, as substituted, directs the Comptroller, in consultation with appraisal districts, to develop
  • Unfortunately, the industry as a whole, not all players, but the industry as a whole has lost the trust
  • This has been a real shock to the public's trust in the property tax system, has it not?
  • Friendswood and Harvey, trust me. Yes, yes, sir. And then we had the, the, the, the, the Rocho.
Summary: The committee heard several local government and property tax bills, with most testimony focused on appraisal disputes, tax administration, and development rules. Senate Bill 1052 by Senator Hinojosa would address coastal county appraisal litigation by requiring property owners in certain large-value disputes to report an uncontested taxable value while appeals are pending, so taxing units can base truth-in-taxation calculations on more realistic revenue. Nueces County, Del Mar College, and Corpus Christi ISD testified in support, describing major budget shortfalls caused by refinery valuation disputes; the committee substitute narrowed and clarified the bill’s scope. No opposition was heard, public testimony closed, and SB 1052 was left pending. The committee also heard Senate Bill 1531, which would require local tax collectors to accept common electronic property tax payments such as credit cards, debit cards, and e-checks. Witnesses supported modernizing payment options and the committee substitute removed ACH/electronic funds transfer language to avoid bank-account disclosure concerns. Public testimony closed and the bill was left pending. Senate Bill 325, by Senator Perry, would restore platting and groundwater-certification requirements that were unintentionally weakened by prior legislation; supporters from county government, water groups, and builders’ representatives debated whether the real issue was groundwater protection or road standards for private roads. The bill was left pending after extensive testimony and no vote. The committee then took up Senate Bill 994 and SJR 46, which would exempt certain livestock feed inventory from property tax and provide the constitutional amendment needed for that change. Feed store and Farm Bureau witnesses supported the measure as relief for seasonal inventory taxes, and the bills were left pending. Senator Paxton presented SB 467 and SJR 84 to create a temporary property tax exemption for homes completely destroyed by fire, with refunds or corrected bills based on the date of loss; both were left pending. SB 1237 would clarify charitable property tax exemptions for senior housing and retirement communities, with testimony from Catholic and Baptist retirement organizations and a resident describing rising costs and exemption revocations; it was also left pending. The committee later voted 6-0 to report SB 2073, a pending bill on appraisal district authority to purchase or finance real property, and recommended it for the local and uncontested calendar. Finally, the committee heard SB 2172, SB 2173, and SB 2063, all related to property tax administration. SB 2172 would limit when appraisal districts can require homeowners to reapply for homestead exemptions, requiring a specific reason and written notice; SB 2173 would protect new homeowners from surprise tax liabilities caused by prior owners’ erroneous homestead exemptions, with testimony describing large back-assessment bills; both were left pending. SB 2063 would bar appraisal districts from using market-value evidence in unequal appraisal protests, and testimony sharply divided between taxpayer advocates, who said market data improperly overwhelms equity claims, and appraisal district representatives, who argued market value is inherently tied to equal-and-uniform taxation and cited a recent Texas Supreme Court decision; the bill was left pending after testimony.
MN
Transcript Highlights:
  • And we do this while continuing to deliver trusted local content free of charge to Minnesotans every
  • And we do this while continuing to And we do this while continuing to deliver<00:10:15.399> trusted
  • local content free of deliver trusted local content free of charge<00:10:18.959> to<00:10:19.279
  • social media apps that like the direct marketing.
  • a lot of to direct market, which a lot of consumers<00:48:01.200> like.
Keywords: 919, house, all
Summary: The committee took up House File 3117, which would impose an excise tax on social media companies based on Minnesota monthly users and data-mining activity, and adopted an A1 amendment that added clarifying language identifying social media platforms. Chair Gomez described the bill as a way to tax companies profiting from data mining and social media use, citing concerns about child bullying, misinformation, and wealth concentration. The bill was laid over for possible inclusion in the 2025 taxes bill. Supporters testified that the measure would help raise revenue from a highly profitable industry and better align the tax code with the social costs of data collection and social media use. Pastor Julie Thompson, MAPE representative Tanner Fritzinger, Council Member Sue Bud, and Eric Bernstein of We Make Minnesota all backed the bill, arguing that social media companies extract value from users’ data, contribute to mental health and social harms, and should pay more toward public needs. Bernstein also framed the tax as a way to broaden the tax base and fund schools and other services. Opponents warned that the bill could sweep in local broadcasters, newspapers, and other businesses that use digital platforms and collect some user data, and that costs would likely be passed on to consumers. Wendy Pollson of the Minnesota Broadcasters Association said the definitions were too broad and could unintentionally include local media. Deb Peters, speaking for Americans for Digital Opportunity, argued the tax would raise costs for small businesses and consumers, create legal risks, and amount to double taxation. Several members echoed concerns about regressivity, administration, and whether the bill actually addresses online bullying or data privacy, while supporters said it is a first step toward taxing a new, lightly taxed industry.
NH

New Hampshire 2026 Regular Session

Senate Session (05/14/2026)

New Hampshire Senate Floor Meeting

Transcript Highlights:
  • Now, uh, I certainly trusted all my colleagues.
  • Now, uh, I certainly trusted all my colleagues.
  • Sometimes direct conversations between Sometimes direct conversations between clinicians<05:02:22.798
  • <05:15:32.320> Instead, into a different direction. Instead, into a different direction.
  • <05:41:49.680> to members of the public uh directed to members of the public uh directed to
Keywords: 1191, senate, all
NH

New Hampshire 2026 Regular Session

House Fish and Game and Marine Resources (01/28/2026)

Fish and Game and Marine Resources

Transcript Highlights:
  • Um, and I've trust for the department.
  • The public trust means a Fish and Game agency holds wildlife and natural resources in trust for the public
  • <03:12:54.240> The<03:12:54.479> public down to the public trust.
  • The public down to the public trust.
  • > to<05:47:04.558> the committee gave direction to the committee gave direction to the
Keywords: 1189, house, all
FL

Florida 2026 5th Special Session

Senate in Special Session B Jan 28th, 2025

Florida Senate Floor Meeting

Transcript Highlights:
  • The amendment directs the council and the chief immigration officer to work with the federal government
  • If I could direct you to line 895, page 32 of 84, my question, just to give you a chance to get there
  • Can you just, and I know it's, I went through it a couple times, but can maybe you or staff just direct
  • How involved is he going to be in personally directing migrant flights from one place to the other?
  • She is the single best human being I know, and I trust her judgment on things like that.
Summary: The Senate opened with a quorum, prayer, and the Pledge of Allegiance, then read an amended joint proclamation expanding the special session call to include financial penalties for government officials, criminal penalties for offenses committed by illegal aliens, and programs and appropriations to support law enforcement cooperation with federal immigration enforcement. No committee reports, governor’s messages, or House messages were on the desk before the chamber moved to the special order calendar. The main item was Committee Substitute for Senate Bill 2B, the immigration bill, along with a late-filed strike-all amendment by Senator Gruters. Gruters said the amendment aligned terminology with federal law, increased penalties for crimes by unauthorized aliens, added transnational crime organizations to gang definitions, required stronger participation in the federal 287(g) program, created financial penalties for noncompliance, offered a $1,000 bonus for officers assisting ICE in large operations, directed more information-sharing with federal agencies, and barred DHSMV from issuing licenses or IDs to unauthorized aliens. He framed the bill as supporting President Trump’s immigration agenda and focusing on criminal illegal aliens rather than street-level enforcement. A long question-and-answer period followed, with Senators Polsky, Pizzo, Smith, Jones, Roscoe, Berman, and others pressing the sponsor on scope, legality, costs, and implementation. Questions focused on whether the bill would require participation beyond jails and detention centers, whether schools or churches could be affected, liability and immunity for local agencies, the size and purpose of the proposed appropriations, and the impact on undocumented students receiving in-state tuition waivers. Gruters and Senator Fine said the 287(g) provisions were intended to apply to jails and detention facilities, that green-card holders and lawful residents would not be affected, and that the tuition waiver repeal would end discounted tuition for students in the country illegally while not affecting their ability to attend. Fine also defended the mandatory death penalty provision for certain capital offenses committed by illegal immigrants, acknowledging it would likely be challenged in court but arguing the bill was designed to test and advance the policy. No final vote or other action on the bill is reflected in the excerpt.
NH

New Hampshire 2026 Regular Session

House Labor, Industrial and Rehabilitative Services (04/21/2026)

Labor, Industrial and Rehabilitative Services

Transcript Highlights:
  • Um, and I'm talking direct tips.
  • Um and I'm talking direct tips. I tip. Um and I'm talking direct tips.
  • with the committee on whatever direction with the committee on whatever direction that<02:09:28.400
  • to go in or not a good direction to go in.
  • to go in or not a good direction to go in.
Keywords: 1189, house, all
NH

New Hampshire 2025 Regular Session

House Finance (10/30/2025)

Transcript Highlights:
  • bill that only goes one direction bill that only goes one direction because<02:07:31.440> these
  • We need to trust the people. We vote locally. They're our friends, our neighbors.
  • We need to trust the people. We vote locally. They're our friends, our neighbors.
  • <02:37:16.080> The directs that funding to the state.
  • The directs that funding to the state.
Keywords: 928, house, all
Summary: The Finance Committee met on October 30 to act on a series of House bills that had been moved during the budget process and, in many cases, were already addressed in the state budget. The chair explained that bills covered by the budget would generally be reported inexpedient to legislate, while some others would be placed on the consent calendar or handled separately. Early votes were largely unanimous, including House Bill 54, which would allow alternate treatment centers to operate for profit; the committee voted 25-0 ought to pass and sent it to the consent calendar. The committee then recommended inexpedient to legislate on House Bill 97, a wastewater and infrastructure appropriation bill, because the funding had been replaced in House Bill 2 with $2.5 million in each of fiscal years 2026 and 2027. Representative Rum opposed the ITL motion, arguing the projects would otherwise burden local property taxpayers and that the funding was important for housing and municipal infrastructure, but the motion passed 14-11. House Bill 111, dealing with the right-to-know ombudsman, was also reported ITL 14-11 on the grounds that the budget already made significant reforms and separate action could create conflicting statutory language. House Bill 164, creating funding for a local government records manager position in the Secretary of State’s office, received a unanimous amendment appropriating $150,000 for fiscal year 2027 and then passed 25-0 ought to pass as amended, moving to the regular calendar. House Bill 197, the Property Tax Relief Act, drew extended debate over whether restoring a state contribution to retirement system costs would reduce local property taxes; supporters framed it as tax relief for municipalities and school districts, while opponents said the effect would be minimal or offset by other retirement-system changes. The committee ultimately voted 14-11 ITL, with a minority report requested. House Bill 215, requiring landfill permit applicants to submit a report on potential harms and benefits, was amended and then passed 25-0 ought to pass as amended. House Bill 216, which would remove a workers’ compensation-related service-credit limit for certain disability retirement cases, was voted ITL 25-0 after the sponsor said the fiscal impact was too uncertain. Finally, House Bill 219, which would redirect renewable portfolio standard funds and was amended to delay its effective date to July 1, 2027, advanced after debate over electricity costs and renewable energy policy; the committee adopted the amendment unanimously and then voted on the bill as amended.
HI

Hawaii 2026 Regular Session

EEP-HSH Joint Public Hearing - Tue Feb 10, 2026 @ 9:00 AM HST

Energy & Environmental Protection

Transcript Highlights:
  • trust duty. Mahalo. trust duty. Mahalo. >> Thank<00:47:14.000> you.
  • We're sending the wrong wrong direction.
  • It could be not only direct, the cost of direct imports, but all the downstream products that PAR produces
  • And so what drive it either direction.
  • This 20page bill is a direct attempt to This 20page bill is a direct attempt to bypass<02:25:14.479><
Bills: HB2284
Summary: The hearing covered House Bill 2284, which would create the Hawaii Home Energy Assistance Program in the Department of Human Services to help qualifying households pay energy bills and direct the Public Utilities Commission’s public benefits fee administrator to provide information and assistance to recipients. Testimony from the Division of Consumer Advocacy, DHS, and the Public Utilities Commission was in support. A committee member asked about how the program would interact with existing TANF-related energy assistance and whether rules could be adjusted to avoid duplicative benefits; DHS said logistics would need to be worked out and that the agencies would make the rules. The committees noted the bill’s $1.5 million appropriation and moved it forward with amendments, including blanking out amounts and noting them in the committee report. Both committees voted to pass HB 2284 with amendments, with the recommendation adopted. The committee then heard House Bill 2486, relating to plug-in or balcony solar. DCCA, the Climate Change Mitigation and Adaptation Commission, and the Public Utilities Commission stood on prior testimony in support of the bill’s intent. Multiple advocates and organizations, including Carbon Cashback Hawaii, 350 Hawaii, Bright Saver, Sierra Club of Hawaii, and others, testified in support, arguing that plug-in solar would lower electricity bills, expand access for renters and condo residents, and reduce emissions. Several speakers urged the committee to remove or avoid registration, reporting, feed-in tariff, interconnection fee, and other requirements they said would create barriers. Bright Saver testified that the systems are safe and would not back-feed during outages. No vote was taken on HB 2486 during the excerpt. Finally, the committee heard House Bill 1568, which would prohibit the importation or storage of LNG in the state and the construction of related infrastructure. State agencies including the Consumer Advocate, Hawaii State Energy Office, Public Utilities Commission, and Hawaiian Electric opposed the bill, with the Energy Office arguing LNG would perpetuate oil use on Oahu and expose the state to price volatility. Supporters included Life of the Land, Sierra Club of Hawaii, Greenpeace Hawaii, 350 Hawaii, Earthjustice, Our Hawaii, and others, who argued LNG would lock Hawaii into another fossil fuel dependency, create major infrastructure costs and safety risks, and undermine the state’s renewable energy goals. Several testifiers cited climate and affordability concerns and urged the committee to reject LNG. The excerpt ends during testimony on HB 1568, before any committee action or vote is shown.
CA
Transcript Highlights:
  • Building on recent wildfire events throughout California, SB 1153 directs water districts to evaluate
  • Building on recent wildfire events throughout California, SB 1153 directs water districts to evaluate
  • I know, but I was going to say there's no one I trust more to get this right than you.
  • Very encouraged by the direction the bill is taking in terms of enforcement.
  • Very encouraged by the direction the bill is taking in terms of enforcement.
Summary: The Assembly Environmental Safety and Toxic Materials Committee heard several bills focused on wildfire preparedness, industrial safety, and recycling oversight. SB 1153 by Senator Caballero would require urban retail water suppliers to add wildfire-specific procedures to emergency plans and coordinate with fire agencies; supporters said it would improve planning while recognizing water system limits, and the bill was framed as protecting ratepayers and infrastructure. SB 811, also by Senator Caballero, would create a comprehensive DTSC permitting and regulatory framework for metal shredding facilities; supporters argued it would set clear statewide standards and protect communities, while opponents said it would weaken hazardous waste protections and carve the industry out of existing law. SB 883 by Senator Umberg would impose new safeguards for facilities storing reactive chemicals such as methyl methacrylate after the Garden Grove evacuation, including backup cooling, public review, emergency planning, and state tracking; industry groups opposed the breadth of the bill and sought further clarification, while environmental and community groups supported it. SB 1010 by Senator Ashby would strengthen oversight of appliance recyclers by improving reporting, inspections, certification, and funding for enforcement; supporters said it would reduce emissions and improve compliance, while recyclers raised concerns about fees and certification requirements. Each bill drew extensive testimony from industry, environmental, labor, local government, and community representatives. Supporters generally emphasized public safety, transparency, and the need for clearer statewide standards, while opponents warned about overregulation, reduced flexibility, or unintended impacts on existing hazardous waste and recycling systems. Committee members also raised questions about transparency, liability, size-based treatment of facilities, and whether the bills were narrowly tailored enough to address the problems identified. The committee voted to advance all four measures to the Committee on Appropriations, with votes taken on call and some members voting no or not voting on certain bills. The final add-on votes showed SB 811, SB 883, SB 1010, and SB 1153 all passing out of committee, with the roll left open for absent members before the meeting adjourned.
CA

California 2025-2026 Regular Session

Assembly Appropriations Committee May 14th, 2026

Appropriations

Transcript Highlights:
  • AB 2729, Banta, Medi-Cal trust fund, amend to add an urgency clause and re-refer back to committee.
  • Road Maintenance and Rehabilitation Program, do pass with author amendments to limit loan amounts, direct
  • AB 1869, Haney, real estate investment trust, holding committee.
  • AB 2369, Rogers, energy-only resources, do pass with author's amendments to direct the CPUC to consider
  • AB 2369, Rogers, energy-only resources, do pass with author's amendments to direct the CPUC to consider
Keywords: 988, house, all
MO

Missouri 2026 Regular Session

Joint Committee on Public Employee Retirement Apr 28th, 2026 at 08:30 am

Joint Committee on Public Employee Retirement

Transcript Highlights:
  • And if I can direct your attention... projections, and again, these are projections, so they do assume
  • And if I can direct your attention. To asset allocation for a public pension fund.
  • And if I can direct your attention to the top left, you know, this really lays out a prudent process
  • We trust people. Abby's been fantastic. I would, I would, I would, I would... We trust people.
  • Finley would be here because that question should have been directed to him in a sense.
Keywords: 959, house, all
Summary: The Joint Committee on Public Employee Retirement held a hearing focused on the Missouri State Employees’ Retirement System (MOSERS) and its long-term financial condition. MOSERS staff and its investment consultant reviewed the system’s structure, membership, funding policy, and investment approach. They reported a June 30, 2025 funded ratio of 55.4%, with about $17.4 billion in liabilities and $9.6 billion in assets, and explained that the board certified a 32% employer contribution rate under its minimum contribution policy, up from 30.25%, which will increase state appropriations. They also described the system as mature, with more retirees and inactive members than active employees, and said declining payroll growth has made it harder to improve funding. The presentation emphasized that recent board actions were intended to strengthen the plan over the long term, even though they increased near-term costs. Those changes included lowering the assumed investment return over time to 6.95%, updating mortality assumptions, moving from an open to a closed amortization schedule, and adopting a minimum employer contribution policy. The investment consultant said MOSERS historically used a more risk-balanced asset allocation than many peers, which helped explain weaker relative returns during a long period when public equities outperformed; the board has since shifted toward a more equity-oriented allocation. He said recent performance has improved, with the portfolio outperforming its policy index and ranking better against peers in the short term, though longer-term peer performance remains a concern. Committee members questioned why the funded ratio had declined over roughly 20 years and whether past investment and actuarial assumptions were too optimistic or too conservative. MOSERS officials responded that the current board is trying to correct earlier decisions and that the present strategy is more in line with industry practice. Members also discussed a proposed MOSERS bill package that would automatically refund small balances to terminated non-vested members and increase deferred compensation auto-escalation, with officials saying the refund provision would improve efficiency and return small balances sooner. The committee also briefly discussed ongoing litigation involving Catalyst Capital; MOSERS said attorney fees have been about $20 million so far, the case remains on appeal, and the damages amount is sealed. No formal votes were taken, and the committee adjourned after questions and discussion.
TX

Texas 89th Regular

Senate Session Feb 19th, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • President, I am directed by the House to inform the Senate.
  • Carl became a trusted voice and an advocate for the community.
  • President Trump signed the Lincoln-Riley Act, directing the United States Attorney General to take custody
  • Because pre-trial information can be collected at the county level, the amendment also directs sheriffs
  • County and such a lack of trust that I don't know the answer to your question.
TX

Texas 89th 1st C.S.

89th Legislative Session - First Called Session Aug 4th, 2025

Texas House Floor Meeting

Transcript Highlights:
  • They've shirked their responsibilities under the direction and pressure of out-of-state politicians and
  • Help us to increase in our faith and our trust in you, even though we may not always understand your
  • The sergeant at arms and any officers appointed by her are directed to send for all absentees whose attendance
Summary: The House convened amid a quorum failure and a forceful statement from the Speaker criticizing absent members for leaving the state and delaying action on urgent issues such as disaster recovery, flood-related deaths, and human trafficking. The Speaker said the House would use all available rules to compel attendance, including a call of the House and civil arrest warrants if necessary. The chamber then opened with prayer and the pledges to the U.S. and Texas flags. Representative Garin moved to place a call on the House until consideration of HB 4 on third reading was completed. The motion was adopted by record vote, 86 ayes and 6 nays, and the doors were locked. Garin then moved that the Sergeant at Arms or appointed officers send for all absent members not excused, with warrants of arrest if necessary, continuing beyond adjournment until further order of the House. That motion also prevailed by record vote, 85 ayes and 6 nays. While under the call, members needed written permission to leave the chamber. The Speaker granted permission for members registered present to leave and return the next day. The House then adjourned without objection until 1 p.m. Tuesday.
FL

Florida 2026 Regular Session

Ethics and Elections Mar 2nd, 2026

Ethics and Elections

Transcript Highlights:
  • For this undertaking, our approach was direct.
  • This increase was made possible by acting on direct stakeholder feedback, strategically strengthening
  • So we know we are headed in the right direction.
  • It's one of the avenues in which we appreciate being able to hear direct feedback.
  • I don't trust someone who speaks that way and therefore I will vote against him.
Keywords: 999, senate, all
TX

Texas 89th Regular

Local Government (Part II) May 5th, 2025

Local Government

Transcript Highlights:
  • This bill is a direct threat to the will...
  • This bill is a direct threat to the will. to Senate Bill 2519.
  • You know, why don't we just go back to the same old face-forward direct, which is, let's talk to...
  • Why don't we just go back to the same old face-forward direct, which is let's talk to the public and
  • I'll trust you on that one. And then with regard to the point. I'll trust you on that one.
Summary: The Committee on Local Government heard a series of local bills and public testimony focused on hospital districts, municipal management districts, local provider participation funds, manufactured housing, transit financing, development moratoriums, and property tax procedures. Early items included House Bill 467, which would help dissolve the defunct Maybank Kemp Hospital District and establish an Andrew Gibbs Memorial Nursing Endowment, and Senate Bill 3063, creating the Bio Bell Municipal Management District in Liberty County; both drew no public opposition and were left pending subject to call. The committee also heard House Bill 1327, extending the Harris County local provider participation fund through 2027, and Senate Bill 1375, extending Collin County’s LPPF authority, both presented as mechanisms to draw federal Medicaid matching funds for hospitals. A major portion of the meeting centered on Senate Bill 2764, which would require earlier notice to buyers of manufactured homes about how to convert a home from personal property to real property. Senator Cook described the bill as a consumer-information measure tied to displacement concerns at a mobile home park in her district, and a resident testified in support, saying the notice would help families make informed decisions. The committee also discussed Senate Bill 2519, a bill by Senator Bettencourt aimed at preventing local governments from shifting maintenance-and-operations tax revenue into debt-like uses and from changing the purpose of tax rate elections after voters approve them. Supporters argued it would protect taxpayers and preserve the separation between M&O and debt service, while opponents tied the bill to Austin’s Project Connect transit financing and warned it would disrupt an approved project and invite litigation. The committee heard and left pending several other bills, including House Bill 1244 on agricultural land ownership changes without reapplying for an ag exemption, House Bill 2559 on development moratoriums, and Senate Bill 2063 on unequal appraisal protests. Testimony on House Bill 2559 came from developers and builders who said moratoriums in Conroe had delayed projects and harmed buyers, while supporters of the bill said it would impose clearer limits and notice requirements. On Senate Bill 2063, the sponsor explained a committee substitute narrowing how market value evidence may be used in unequal appraisal appeals. The committee also considered multiple local district bills, including new MUDs and management districts in Montgomery, Denton, Fannin, Travis, Hays, and Williamson counties. At the end of the meeting, the committee took up pending business and voted out several measures, including House Bill 1244, House Bill 2559, House Bill 467, House Bill 1327, House Bill 1399, House Bill 2723, House Bill 2730, House Bill 3307, House Joint Resolution 99, and multiple district bills such as Senate Bills 3037, 3043, 3047, 3048, 3050, 3052, 3053, 3056, 3057, 3063, and others. Most were reported favorably, often with committee substitutes, and many were recommended for the local and uncontested calendar. Several bills, including the transit-related SB 2519 and the manufactured housing bill SB 2764, remained pending subject to call after testimony closed.