Video & Transcript Research : 'directed trust'

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US
Transcript Highlights:
  • We see high trust scores with women veterans who receive Vet Center services.
  • I'd like to speak a little bit to that in more direct terms.
  • At the core of our work is sustained trust and empowerment.
  • We deserve systems that are worthy of our trust, our lives, and our sacrifice.
  • another facility, like a civilian facility, if the VA can direct. direct me there where I can get the
Summary: The committee meeting focused primarily on the critical issues surrounding veterans' mental health and suicide prevention. Discussions centered on the reauthorization of essential programs aimed at providing non-clinical support services to veterans, particularly the Staff Sergeant Parker Gordon Fox Suicide Prevention Grant Program. Senators emphasized the urgent need for adequate mental health resources as the suicide rate among veterans remains alarmingly high. Key testimonies were provided by various advocates and officials, illustrating both successful implementations of these programs and areas needing improvement.
ND

North Dakota 2025-2026 Regular Session

Water Topics Overview Committee Jun 10th, 2026

Transcript Highlights:
  • You had also directed us to fund our legislative directed studies out of discretionary.
  • You had also directed us to transfer $40 million in cash from the Resources Trust Fund to repay the Water
  • In our case, looking into that resource is the trust fund.
  • So that's the governor's direction for us.
  • The governor has directed us to enhance recreational opportunities any way. has directed us to enhance
Summary: The Water Topics Overview Committee met to receive interim status updates on several water-related studies and Department of Water Resources projects. The committee approved the March 26, 2026 minutes, observed a moment of silence for the late Representative Conmy, and then heard updates on the watershed management study and the stormwater/wastewater study. Staff reported that the committee had already received the testimony contemplated in the study plans, including input from state agencies, local governments, and out-of-state entities, and that any further action would be at the committee’s discretion. The Department of Water Resources then provided project and budget updates on NAWS and the Southwest Pipeline Project. Reese reported NAWS is expected to serve about 81,000 users, with a total projected cost of about $571 million and about $96 million remaining, while the Southwest Pipeline Project is estimated at $1.06 billion total with about $409 million remaining. Members asked about funding sources, capacity needs, and whether current and future construction is being designed for increased demand; department staff said current work is designed for ultimate capacity, but some future components may need redesign based on new requests. The committee also discussed local cost shares, Minot’s role in NAWS funding, and whether the system is adequate for peak demand. A major portion of the meeting focused on the department’s cash management, carryover, and long-term water funding outlook. The department said Resources Trust Fund revenues are tied to oil extraction taxes and are affected by stripper well exemptions and future oil price declines. Members expressed concern about large carryover balances and whether the state is obligating more money than can realistically be spent in a biennium. The department reported about $340.6 million in remaining carryover and said it is trying to reduce that through a two-tier pre-construction/construction process and closer project vetting. The department also summarized the Deloitte studies on regional governance and finance and on cost-share policy. Stakeholders generally favored keeping the current governance structures for NAWS and Southwest with improvements, while Red River stakeholders leaned toward a different option; the department said it will bring an implementation plan back in September. On cost share, Deloitte’s recommendations would reduce some percentages, prioritize projects differently, and use other measures to close a projected long-term funding gap. Members debated affordability, local burden, deferred maintenance, and whether statutory changes may be needed to allow the commission more flexibility in prioritizing and funding projects. No formal votes or final actions were taken beyond approving the minutes and receiving the updates.
NM

New Mexico 2025 Regular Session

IC - New Mexico Finance Authority Oversight Jul 9th, 2025

New Mexico Finance Authority Oversight Committee

Transcript Highlights:
  • We're going to hear from the Water Trust Board.
  • On the left-hand side, you'll see the members of the Water Trust Board.
  • The second source of funding is from the Water Trust Fund.
  • We'll also check to see that they've spent prior Water Trust Board awards.
  • But all that comes to the Water Trust Board for review.
MN

Minnesota 2025-2026 Regular Session

House Housing Finance and Policy Committee 3/10/26

Housing Finance and Policy

Transcript Highlights:
  • Community land trusts are a viable solution to building affordable housing in which land is held in trust
  • Community land trusts are a land trusts.
  • Community land trusts affordable.
  • /c> the state and community land trust have the state and community land trust have facilitated<00:04
  • land trust homes. land trust homes.
Bills: HF3600, HF3809, HF3608
OK
Transcript Highlights:
  • You either trust the people that elected you and me, trust the people that we represent, who elect the
  • Oh, we better not trust that market.
  • I trust our city councils.
  • Do they trust the people that sent them down here to make decisions?
  • I trust, Mr.
KY
Transcript Highlights:
  • direction there. direction there.
  • Um self-directed brokerage All right.
  • Um and and we would need to trust.
  • <00:27:55.840> from<00:27:56.240> 80.4% insurance trust from 80.4% insurance trust
  • trust. They were already paying 3/4%. trust. They were already paying 3/4%.
Summary: The Public Pension Oversight Board received updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. Chris Biddle reported that deferred compensation assets had grown to about $4.787 billion with roughly 88,000 participants, crediting auto-enrollment, targeted marketing around pay raises, and retiree-focused services. He said the board’s self-directed brokerage account, authorized by last year’s legislation, is being designed around a $40,000 account-balance threshold with up to 25% transferable into the brokerage window, tentatively for July 1 of the coming year. He also described the free financial planning program, which has been used by about 3,300 to 3,500 participants with an 87% return rate, and noted that the plan is currently in a fee holiday; members asked about the fee structure and whether the CFP service is provided through Nationwide, which Biddle confirmed. Board members praised the deferred compensation program’s growth and asked for the legislation referenced by Biddle. He said the plan’s annual fees are capped, with a $1 monthly fee plus other charges up to a $225 cap, for a maximum of $237 per year absent a managed account. He also said the program is seeking unified payroll access to expand participation, especially among teachers, and that prior lineup changes saved about $6 million annually in participant fees. Bo Barnes of TRS then addressed retired teachers’ health insurance, first clarifying a prior question about declining federal contributions to the retirement annuity trust. He explained that federally funded school positions generated contributions that rose from $72 million in 2019 to $109 million in 2022, then fell to $85 million this year, with a projection of $80 million over the next three years; if those dollars do not come from federal sources, they would have to be replaced through the SEEK formula. Barnes then reviewed TRS health coverage, explaining that the statutory contract guarantees access to group coverage but not fixed premium levels, and that TRS administers two retiree plans: KEHP for retirees under 65 or otherwise not Medicare-eligible, and MEHP for retirees 65 and older or Medicare-eligible. Barnes said TRS completed RFPs for the 2026 plan year, retaining Express Scripts for prescription drugs and switching the Medicare Advantage medical provider from UnitedHealthcare to Humana, while keeping plan design, provider access, out-of-pocket costs, and benefits materially unchanged. He noted a modest hearing-aid improvement of $500 per ear beginning in 2026. He also reported that the TRS Board approved the maximum state contribution for KEHP at $1,044.96, up from $930.76, an 18% increase that he said would require about $15 million to $16 million more annually, while the MEHP premium would drop from $210 to $200 per month because of the new contract. Using the 2024 valuation, he said the KEHP increase would slightly reduce the health trust funded ratio from 80.4% to 80.1% and raise unfunded liability from $4.036 billion to $4.051 billion. Barnes closed by reviewing the 2010 shared-responsibility reforms that shifted retiree health costs away from a pay-as-you-go model, including phased employee and district contributions and Commonwealth stabilization funding. No votes were taken beyond approval of the minutes.
MS

Mississippi 2026 Regular Session

Technology - Room 409, 5 March, 2026; 8:00 A.M.

Technology

Transcript Highlights:
  • the very top is data trust. the very top is data trust.
  • Create the trust. Build the trust.
  • Create the trust. Build the experience. Create the trust.
  • Does this help give you direction. Does this help give you direction? direction? direction?
  • be the trust issue. be the trust issue.
Summary: ATS and Gartner presented preliminary findings from the feasibility study required by Senate Bill 2267, which directed ATS to establish a CIO Council, study statewide data exchange feasibility, develop a phased implementation plan, and report progress to the legislature. ATS said the CIO Council has already met several times and has heard from other states, including Tennessee and Ohio, with Georgia expected to follow. Gartner explained that it interviewed about 17 agencies and was also gathering input from other states and market research to identify Mississippi’s current data-sharing landscape and possible paths forward. Gartner’s main findings were that Mississippi agencies strongly prioritize data security and compliance, but that this focus has also contributed to silos, point-to-point integrations, and inconsistent data definitions across agencies. The presenters said the state lacks a central legal framework and common standards, so agencies rely on individual memoranda of understanding. They emphasized that other states have generally not built “everything at once,” but instead started with specific outcomes such as citizen services, fraud detection, or reporting, then created statewide legal frameworks, common standards, and governance structures, often led by a chief data officer or similar office. The discussion also highlighted examples from other states, including Utah’s single portal for services and Maryland’s 360-degree citizen view for caseworkers. Gartner said Mississippi should first decide what outcome it wants from a data exchange and suggested that the effort should be framed as information sharing rather than moving all data into one central repository. Members and presenters discussed the need for foundational standards, a chief data office, and change management, including agency “change champions,” to build trust and participation over time. No votes were taken; the meeting was informational, and the presenters said the remaining CIO Council work would help prioritize use cases for the final feasibility report.
MN

Minnesota 2025-2026 Regular Session

Committee on Education Finance - 03/04/26

Education Finance

Transcript Highlights:
  • investment finance, trust investment finance, trust administration,<00:04:31.440> investment<
  • These are trust state of Minnesota.
  • <00:23:46.400> fund would be the environmental trust fund would be the environmental trust
  • grow the school trust fund?
  • that all lives within the school trust that all lives within the school trust lands<00:41:51.680
Keywords: 1187, senate, all
WA
Transcript Highlights:
  • So there was Executive Order 16-01, and that was directing agencies to limit the data that they were
  • Where the legislature directs agencies to maximize federal funding for certain programs.
  • And we're seeing that fear, that impact, that lack of trust, and, again, fear on the ground.
  • At a time when our communities were losing trust in the government...
  • members feel less willing and less trustful to call the police or call the fire department.
Summary: The Tribal Relations Committee held a work session on the Keep Washington Working Act, hearing first from the Office of the Attorney General, then the Office of the Governor, and finally advocates from the ACLU of Washington, Northwest Immigrant Rights Project, and One America. The Attorney General’s office described the 2019 bipartisan law as limiting state and local involvement in federal civil immigration enforcement, emphasizing minimal data collection, privacy protections, definitions in the statute, model policies for agencies, and the role of court orders and federal funding exceptions. Committee members asked about consistency in legal guidance, possible federal challenges, and whether the law has been litigated in Washington or elsewhere; the office said it has not been challenged in Washington and cited similar laws in other states that have been upheld or dismissed in litigation. The governor’s office said the administration is implementing the law across agencies through case-by-case review of data-sharing requests, coordination with the Attorney General and privacy officials, and a new executive order creating an immigration sub-cabinet to improve agency coordination and community input. Officials said the state will continue to protect immigrant communities, avoid using state resources for civil immigration enforcement, and comply with federal funding requirements where necessary, citing Medicaid and other programs as examples. They also discussed recent court rulings in Washington that blocked federal grant conditions tied to immigration enforcement and said agencies are being trained to review data privacy and sharing practices. Advocates argued that Keep Washington Working is grounded in anti-commandeering principles and is meant to ensure state resources are used for state purposes, not federal immigration enforcement. They said the law helps immigrant communities trust police, schools, and public services, but warned that data sharing and aggressive federal enforcement are eroding that trust and harming families. The panelists described cases involving alleged unlawful local cooperation with federal immigration authorities, family separation, detention, and due process concerns, and suggested possible improvements such as stronger enforcement mechanisms, a private right of action, and broader limits on data sharing. No votes or formal actions were taken; the committee closed the hearing after members thanked the presenters and invited follow-up on implementation issues and potential legislative changes.
NM

New Mexico 2025 Regular Session

IC - Legislative Finance Nov 18th, 2025

Transcript Highlights:
  • If we go back to 2017, the distribution to the Water Trust Fund and the Water Trust Board was zero.
  • The Water Trust Board was part of that.
  • You get the Water Trust Board, you give that distribution.
  • This is all directed by you all, the policymakers.
  • Not get those direct payments. So we have 106, 105 didn't get a direct payment.
VA
Transcript Highlights:
  • Pool taxes may be offset by interest earned on the trust fund.
  • Now, I invoked the unemployment trust fund. The unemployment trust fund is administered by the VEC.
  • VEC routinely monitors the balance of the trust fund.
  • There was an infusion of one-time funding that was put into the trust fund.
  • It's due to that additional influx of cash that the General Assembly saw fit to direct to the trust fund
Summary: The Commission on Unemployment Compensation met, established a quorum, and elected Delegate Destiny LeVere Bolling as chair and Senator Mike Jones as vice chair. The commission also adopted its electronic meeting policy and heard introductions from new members, staff, and officials from the Secretary of Labor’s office and the Virginia Employment Commission (VEC). Secretary Jessica Lumen outlined the administration’s workforce and labor priorities, including supporting workers, employers, and program transparency, while members raised concerns about business climate, job losses, labor participation, and the implementation of paid family and medical leave. Staff provided legislative updates on recent unemployment-related bills. These included increases to the weekly unemployment benefit amount enacted in 2025 and 2026, a bill on labor dispute disqualification that changed how lockouts are treated for benefit eligibility, and a budget item providing $75,000 for actuarial support to the commission. The commission also discussed the 2025 work group on annual adjustments to weekly benefit amounts; staff reported that the work group did not complete its charge, and members agreed to revisit whether to reconstitute it at a future meeting. Delegate Martinez expressed support for continuing the work, and the chair said the issue would be taken up at the next meeting. Deputy Commissioner Joanna Darkus gave a detailed presentation on Virginia’s unemployment insurance system, including current claims data, eligibility rules, employer tax structure, benefit levels, trust fund solvency, fraud prevention, and customer service operations. She reported that Virginia’s unemployment rate remains low, weekly claims are modest, the current weekly benefit range is $160 to $478, and the trust fund balance factor is projected at 50.9 percent, near the threshold for additional employer charges. Members asked about the taxable wage base, trust fund solvency, the effect of benefit increases, fraud controls, and the planned paid family and medical leave program. VEC said it is implementing that program through regulations, staffing, IT procurement, public listening sessions, and consultation with other states. A public commenter from the Virginia Poverty Law Center urged the commission to strengthen state investment in unemployment insurance and warned that federal support is uncertain. The commission then adjourned without taking further action.
NH

New Hampshire 2025 Regular Session

House Finance Division II (03/24/2025)

Transcript Highlights:
  • It will answer direct certification.
  • in the trust fund. Okay. in the trust fund. Okay.
  • trust fund, in the trust fund, out of the trust fund, in the trust fund, out of the trust fund.
  • trust fund, in the trust fund, out of the trust fund, in the trust fund, out of the trust fund.
  • that one in your direction. that one in your direction.
Keywords: 928, house, all
Summary: The committee met with Lottery Director Charlie McIntyre and Charitable Gaming Chief Compliance Officer Kulie Aoyo to review proposed changes in HB 2 and related amendments affecting video lottery terminals, historic horse racing, charitable gaming, and scratch tickets. McIntyre said the late-arriving amendment made revenue estimates difficult, especially because the bill would allow operators to decide when to convert from HHR to VLTs and would change the floor-space rules. He explained that the existing 70/30 floor-space split between machines and table games was negotiated to protect charity revenue, and warned that moving to a 90/10 split could reduce charity revenue, potentially by as much as $17 million, while also changing the character of the facilities. Committee members discussed whether to keep the 70/30 split, and McIntyre said he could provide updated estimates later that day, including net impacts after any offsetting gains or losses under current law. Members also asked about the governor’s proposed operator share versus the Sweeney amendment’s higher operator share. McIntyre said the governor’s 45% figure was based on his own estimate and on comparable rates in other states, and he supported it as a way to maximize revenue for the state and charities. He also described a change to high-stakes tournaments: after speaking with Rep. Sweeney, he said the amendment was clarified to apply only to those tournaments and would lower the house take from 10% to 5% to encourage participation in rare, high-buy-in events. The committee also discussed a separate proposal to raise the maximum scratch ticket price from $30 to $50; McIntyre said the change would take time to implement, would likely increase net state revenue by about $1 million in year two, and was consistent with pricing in neighboring states such as Massachusetts and Connecticut. Additional questions covered sports betting and a separate Kino-related estimate. McIntyre said March Madness is the busiest period for sports betting and that the state’s sports betting revenue has exceeded initial expectations. He also said he had estimated that removing a municipal-vote restriction for Kino could cost about $12 million total, with $2 million in the first year and $10 million thereafter. No formal votes were taken during the discussion; the chair indicated the committee would revisit the VLT amendment and other sections later, and McIntyre agreed to send updated revenue estimates to committee members.
NM

New Mexico 2026 Regular Session

House - Appropriations and Finance Jan 21st, 2026

House Appropriations & Finance

Transcript Highlights:
  • implicitly, just trusted to do that.
  • Chair, is: what is the balance of the Early Childhood Trust Fund?
  • From the state, 11.4 million, and that's from the trust fund.
  • Health Trust Fund.
  • wrong direction.
Bills: SB2
NM

New Mexico 2026 Regular Session

Senate - Conservation Feb 12th, 2026 at 09:03 am

Senate Conservation

Transcript Highlights:
  • Scout Motors, like Rivian, has a business model to sell direct.
  • They provide trusted relationships.
  • Sold to a third party but not direct to consumer. Thank you for that.
  • The Water Trust Board has a lot of money.
  • The Water Trust Board has a lot of money.
Bills: SB22, SB310
MN

Minnesota 2025-2026 Regular Session

Floor debate on automatically returning future budget surpluses to taxpayers 3/17/25

Minnesota House Floor Meeting

Transcript Highlights:
  • <00:43:27.119> directed<00:43:27.640> to would be direct directed to would be direct
  • <01:06:09.920> those that will decide which direction those that will decide which direction
  • ." to uh go the direction of tax cuts or to uh go the direction of tax cuts or rebates<01:11:05.960><
  • you get a check a trust fund a trust<01:18:26.199> fund<01:18:26.480> could<01:18:26.639
  • Firm in New Jersey and basos and a trust Firm in New Jersey and basos and a trust fund<01:20:35.199
Keywords: 1183, house
ND

North Dakota 2026 1st Special Session

Water Topics Overview Committee Mar 26th, 2026 at 09:00 am

Water Topics Overview Committee

Transcript Highlights:
  • Fund, $414 million in the Resources Trust Fund.
  • And a note on discretionary: you had directed us in our budget bill to fund our legislative-directed
  • And then lastly, you had directed us to send $40 million in cash from the Resources Trust Fund to repay
  • There hasn't been direct cash infusions.
  • There hasn't been direct cash infusions.
Keywords: 908, all
MN

Minnesota 2025 1st Special Session

Power Sharing Agreement Jan 29th, 2025

Minnesota Senate Floor Meeting

Transcript Highlights:
  • There was a lot of trust lost, with the lack of cooperation and the lack of working together.
  • lost, so I feel like it's my responsibility to help rebuild that trust.
  • <00:03:13.680> that going to rebuild some of the trust that going to rebuild some of the trust
  • lost, so I feel like it's my responsibility to help rebuild that trust.
  • And a lot of trust was lost, and it's important that we try to rebuild that trust.
Keywords: 1187, senate, all
Summary: Senator Jeremy Miller discussed the Minnesota Senate’s new power-sharing arrangement with DFL Senator Bobby Joe Champion, describing it as a historic opportunity to restore cooperation after what he said were difficult and trust-losing last sessions. He said co-presiding officers should not slow progress, argued that the Senate has a tradition of respectful dialogue, and said his goal is to help rebuild relationships and focus on what is best for Minnesotans rather than partisan interests. Miller said he has heard positive feedback from constituents and emphasized that Minnesota is a “purple state” that expects balance and collaboration. He also said the legislature should address a looming budget deficit by reining in spending, reviewing the budget line by line, and targeting waste, fraud, and abuse, which he said could help create room for tax relief. He framed his legacy goal as cooperation and working together across party lines, saying he and Champion were entrusted by colleagues to lead in the best interest of the Senate and the state. No votes or formal legislative actions were taken in the interview.
NH

New Hampshire 2025 Regular Session

House Ways and Means (04/01/2025)

Transcript Highlights:
  • We have some trust in custo custody of.
  • talking about trust this type of trust talking about trust this type of trust trust<00:26:05.520
  • the education trust fund. Um, let me the education trust fund.
  • The uh, in the RSA that uh works with uh cemetery trusts and trustees of trust funds and library trusts
  • cemetery trusts and trustes of trust cemetery trusts and trustes of trust funds<02:04:51.840>
Keywords: 928, house, all
Summary: The committee held a work session on HB 302, which would add precious metals and digital assets as potential investment options. State Treasurer Monica Misipelli said she took no position on the bill and did not see an immediate fiscal impact or operational problem, but explained that the state’s operating funds and rainy day fund require liquidity and stability, so they would not be suitable for volatile assets like precious metals or digital assets. She said the only funds that might potentially use such investments would be certain trust funds held in perpetuity, which are managed by an outside investment advisor under a contract and investment policy. Members asked about the treasurer’s current investment practices, including the types of funds managed, the role and discretion of the investment advisor, the state’s risk profile, and whether the bill would affect existing authority. Misipelli said the office follows RSA 11 and related statutes, with different objectives ranging from conservative to aggressive depending on the fund, and that the advisor meets with the office regularly, with formal performance reviews on a quarterly basis. She also said the office recently centralized management of about 40 trust accounts totaling roughly $60 million into five combined portfolios under a five-year contract with an RFP-selected vendor. When asked whether precious metals or digital assets are already indirectly available through mutual funds, she said that was possible for some mutual funds, but she was not certain about digital assets. Representative Ammon, the bill’s sponsor, said similar legislation had passed the Oklahoma House, the Texas House and Senate, and had advanced in Arizona. He argued the bill was intended to give the treasurer more tools to help balance portfolios and hedge inflation, noting concerns about federal debt and inflation. No vote was taken in the excerpt, and the chair ended the questioning after thanking the treasurer and asking her to remain available in case further questions arose.
FL

Florida 2026 4th Special Session

February 16, 2026 - 03:30 PM

Transcript Highlights:
  • As requested, we've reduced $400,000 of tax trust fund money in excess.
  • Let's also talk a little bit about trust fund sweeps.
  • Every year, we review expenditures out of trust funds, revenues to the trust funds where there's money
  • It's a step in the right direction, trying to correct some of these wrongs.
  • It directs, it does several things. Here we go.
KY
Transcript Highlights:
  • But how do you go to sources that you can trust, and how do you know a source is something you can trust
  • <00:25:05.040> at<00:25:05.160> the the direction they're going at the the direction
  • in that direction on AI policy, too. in that direction on AI policy, too.
  • So artificial intelligence will look like things you trust. It will look like people you trust.
  • So artificial intelligence will look like things you trust. It will look like people you trust.
Summary: The 2025 Artificial Intelligence Task Force met for its first meeting of the year and heard updates on federal AI policy, state implementation of Senate Bill 4, and the business community’s perspective on AI regulation. Co-chairs noted that federal legislation could affect the task force’s work later in the year, but said Kentucky still has significant issues to study, including energy, land use, education, social media, and children’s engagement with AI. The task force had quorum and no votes were taken. Kate Shanks of the Kentucky Chamber said the business community supports continued discussion but favors a federal approach over a patchwork of state laws. She described the Trump administration’s new AI executive order as emphasizing innovation over regulation, noted the pending federal AI action plan, and discussed congressional action including the Take It Down Act and industry-specific changes to existing laws. She warned that state-by-state AI rules could increase costs and burden businesses, and said the Chamber would prefer incremental, flexible policy that avoids conflict with existing law and limits private rights of action. Members asked about uniform model legislation, education uses of AI, and civil liability; Shanks said a model approach could help avoid fragmentation and that liability should generally be handled through consumer-protection-style enforcement rather than broad litigation. The Commonwealth Office of Technology then reported on implementation of SB 4, saying it has worked with industry, agencies, other states, and vendors to build an AI policy framework now in final review. Officials said an AI Governance Committee has been established and will meet in July, and a draft RFP is being prepared to meet the bill’s tracking and documentation requirements. They said no major implementation challenges have been identified so far, but the impact of pending federal rules remains uncertain. Members also discussed the need to educate students and teachers about AI, with one member emphasizing that schools should teach both how to use AI and how to think critically about information online.