Video & Transcript Research : 'foreclosure surplus'

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CA
CA

California 2025-2026 Regular Session

Assembly Public Safety Committee Mar 11th, 2025

Transcript Highlights:
  • If they can't adjust rents, many will face foreclosure.
Summary: The committee heard several public safety-related bills. AB 383 by Assembly Member Davies would expand and clarify firearm restrictions tied to juvenile adjudications, allow certain minor firearm possession for hunting or training with guardian approval, and authorize warrants in some domestic violence-related firearm surrender situations. Supporters, including a district attorney representative, argued it would close gaps in existing law and improve public safety; opponents said it would over-criminalize youth and disproportionately affect marginalized communities. The bill passed as amended to Appropriations. AB 400 by Assembly Member Pacheco would require law enforcement K-9 units to meet statewide POST standards covering training, use of force, and handler skills. Supporters said the bill would create consistency, accountability, and safer deployments; opponents argued the standards were inadequate and would legitimize harmful canine practices. After debate over whether the bill expanded canine use or simply standardized it, the committee approved AB 400 and sent it to Appropriations. AB 380 by Assembly Member Gonzalez would extend price-gouging protections during emergencies, including for hotels, food, essential goods and services, and commercial property, and would remove the 12-month lease limit loophole for rent gouging. Supporters said the bill responds to wildfire-related exploitation and provides clarity for disaster victims; business and landlord groups warned it could amount to commercial rent control and create uncertainty for future emergencies. The author said he would continue working on amendments, and the bill passed as amended to Appropriations. AB 358 by Assembly Member Alvarez would create a narrow exception to Cal-ECPA so law enforcement could inspect tracking or surveillance devices found in a person’s home, vehicle, or property with the finder’s consent. Supporters said the change would help stalking and domestic violence victims preserve evidence quickly; privacy advocates argued warrants and existing emergency exceptions already cover these situations. The chair proposed narrowing the language to “tracking or surveillance device,” and the bill was held on call after an initial roll with only three votes in favor. The transcript also began AB 247, which would raise pay for incarcerated hand crew firefighters, with testimony from formerly incarcerated firefighters in support, but the discussion was not completed in the excerpt.
US
US

US Federal 2025-2026 Regular Session

Hearings to examine perspectives from the field, focusing on farmer and rancher views on the agricultural economy. Feb 26th, 2025 at 09:30 am

Agriculture, Nutrition, and Forestry Committee

Transcript Highlights:
  • to move forward with their spring planting and are ultimately at risk for losing their farms in foreclosure
Keywords: agriculture, avian flu, bipartisan farm bill, economic challenges, poultry, dairy, specialty crops
Summary: The committee meeting focused on crucial discussions surrounding the challenges faced by the agriculture sector, particularly concerning avian flu and its impact on poultry and dairy producers. Members provided insights into the economic struggles within the industry, emphasizing the need for a new bipartisan farm bill that addresses the diverse needs of specialty crop and livestock producers. Witnesses from various agricultural sectors spoke about their experiences, illustrating the high costs, regulatory burdens, and emerging diseases that threaten their operations. The meeting underscored a commitment to exploring solutions that will help maintain market stability and ensure food security.
MN
MN

Minnesota 2025 1st Special Session

House Rules and Legislative Administration Committee 3/5/25

Rules and Legislative Administration

Transcript Highlights:
  • be taken into account or if the Surplus be taken into account or if the Surplus will<00:07:25.440
  • They would be coming from a surplus from Minnesota taxpayers who have helped create that surplus.
  • They would be coming from a surplus from Minnesota taxpayers who have helped create that surplus.
  • They would be coming from a surplus from Minnesota taxpayers who have helped create that surplus.
  • They would be coming from a surplus from Minnesota taxpayers who have helped create that surplus.
Keywords: 1183, house
OK
OK

Oklahoma 2026 Regular Session

Business and Insurance 2ND REVISED Apr 23rd, 2026 at 09:30 am

Business and Insurance

AL
AL

Alabama 2026 1st Special Session

Alabama Senate Judiciary Committee Feb 18th, 2026

Judiciary

OK
OK

Oklahoma 2026 Regular Session

Appropriations and Budget REVISED- SB1074 -Strom- added Feb 17th, 2026 at 04:45 pm

Appropriations and Budget

OK
OK

Oklahoma 2026 Regular Session

Appropriations and Budget Feb 17th, 2026 at 04:30 pm

Appropriations and Budget

MN
MN

Minnesota 2025-2026 Regular Session

House Floor Session 3/17/25 - Part 2

Minnesota House Floor Meeting

Transcript Highlights:
  • For far too long, we have seen surplus after surplus pile up in our state coffers.
  • after surplus pile we have seen Surplus after surplus pile up<00:45:55.359> in<00:45:55.480><
  • <00:51:42.480> in situation where there is a surplus in situation where there is a surplus
  • <00:52:01.760> this bill would be 105% of the Surplus this bill would be 105% of the Surplus
  • :47:34.280> he after it's been designated as Surplus he after it's been designated as Surplus
Keywords: 1183, house
MN
MN

Minnesota 2025-2026 Regular Session

House Floor Session - part 2 Mar 17th, 2025

Minnesota House Floor Meeting

Transcript Highlights:
  • Far too long we have seen surplus after surplus pile up in our state coffers.
  • It would be 105% of the surplus.
  • constitution, I urge you to take the surplus into consideration.
  • This is not a theoretical problem. $18 billion surplus.
  • And we believe it's time to return surplus dollars.
MN
MN

Minnesota 2025 1st Special Session

Committee on Higher Education - 04/10/25

Higher Education

Transcript Highlights:
  • So that there's a surplus appropriation.
  • cap in the event that there's a surplus cap in the event that there's a surplus which<00:11:00.720
  • <00:12:39.839> and adjustment come first in a surplus and adjustment come first in a surplus
  • <00:13:40.959> and intentions if o if there's a surplus and intentions if o if there's a surplus
  • look at the surplus? look at the surplus?
Keywords: 1187, senate, all
WV
WV

West Virginia 2026 Regular Session

WV Senate Finance Committee in Session Jan 15th, 2026 at 09:04 am

Finance

Transcript Highlights:
  • The ’25 year in general revenue ended with a $337 million surplus. Very strong surplus.
  • We feel that we will end FY26 with a very healthy surplus. FY26 with a very healthy surplus.
  • We've pre-funded from surplus Hope. Well, the governor doesn't. Funded from surplus Hope.
  • Well, the governor doesn't want to rely on surplus in the future. So we'll do a surplus.
  • These are surplus supplemental preparation. I'm... These are surplus supplemental appropriations.
Keywords: 994, senate, all
MN
MN

Minnesota 2025 1st Special Session

House panel hears bill proposing constitutional amendment to return surpluses to taxpayers 2/11/25

Minnesota House Floor Meeting

Transcript Highlights:
  • return the Surplus if there is a surplus return the Surplus if there is a surplus of<00:03:10.959
  • We applaud the proposal to return surplus funds to taxpayers.
  • We spent the surplus, correct?
  • We spent the surplus, correct?
  • happened to the $18 billion Surplus happened to the $18 billion Surplus along<00:32:12.760> with
Keywords: 1183, house
Summary: House File 4, as amended, was heard in committee. The bill proposes a constitutional amendment to create a Minnesota tax relief account that would capture projected general fund revenues exceeding 105% of projected expenditures and return those funds to taxpayers, primarily through property tax relief or income tax relief. The committee adopted an amendment to put the bill in the author’s preferred shape, and later adopted a technical amendment from Representative Smith to insert the word “projected” before “expenditures” on line 2.2. Representative Johnson presented the bill as an affordability measure meant to return surplus money to the people rather than create new spending, arguing it would help homeowners and taxpayers if a surplus occurs. Ranna Lee of Americans for Prosperity supported the concept of returning surplus funds to taxpayers but also urged broader tax and budget reforms, including triggers for rate reductions and changes to budgeting practices. Nan Madden of the Minnesota Budget Project and Eric Bernstein of We Make Minnesota opposed the proposal, warning that embedding budget and tax rules in the Constitution would reduce legislative flexibility, weaken public investment, shift costs to local governments, and make it harder to respond to recessions or emergencies. Members raised questions about how the formula would work, who would qualify for refunds, whether corporations with property tax liability could benefit, and how the proposal would handle forecast-based calculations and unexpected events such as pandemics or federal policy changes. House research and committee staff clarified that the bill would need to go to Ways and Means and then Rules to satisfy House requirements for constitutional amendments, and that a fiscal note had been requested and was in process. The committee did not take final action on the bill in the portion of the transcript provided, but the motion before it was to recommend passage and send House File 4 to Ways and Means.
NH
NH

New Hampshire 2026 Regular Session

Committee of Conference on HB 155, HB 751 (05/27/2026)

Transcript Highlights:
  • the surplus for the trigger mechanism.
  • calculating the surplus for the trigger calculating the surplus for the trigger mechanism.<00:12
  • <00:13:39.040> in through to a $200 million surplus in through to a $200 million surplus in
  • We'd only be cutting taxes if there's a future surplus.
  • We'd only be cutting taxes if there's a future surplus.
Keywords: 1189, house, all
Summary: The committee of conference on HB 155 continued discussion of a compromise over business tax relief, small-business filing thresholds, and nursing home funding. Representative Sweeney proposed raising the filing threshold to $400,000 and creating a trigger for future Business Enterprise Tax reductions if business tax revenues produce a $200 million biennial surplus, with the Department of Revenue Administration commissioner able to exclude one-time or non-sustainable funds. Supporters said the proposal would provide a clear policy direction, immediate relief to about 4,500 small and micro businesses, and a future path back to the BET’s original 0.25% rate. Opponents, led by the Senate side, argued the trigger language was premature, better handled in a budget year with more revenue data, and inappropriate to decide in a short conference committee meeting. The Senate also emphasized that the tax policy should not be locked in without a fuller public process, while House members argued the trigger would not take effect until a future biennium and was therefore a prudent way to signal New Hampshire’s direction on taxes. A separate point of discussion involved nursing homes: the House said its report would include $2.5 million for nursing homes with non-lapsing language, and senators stressed the importance of that funding for the health care system and county property taxpayers. One senator warned that triggers could encourage revenue underestimation and noted bond rating concerns about a structural deficit. Several motions were made to accept the Senate position with the $400,000 threshold and related amendments, but the first motion failed on a party-line style split, with the Senate voting yes and the House voting no. A second House motion to accede to the Senate position while also including the nursing home funding, the threshold increase, and the future trigger language was also rejected by the Senate. The meeting ended with the report filed without agreement on the trigger language, and the transcript then notes a separate reconvened committee of conference on HB 751 being postponed until 12:30 the next day.
WV
WV

West Virginia 2026 Regular Session

WV Senate Finance Committee in Session Mar 10th, 2026 at 03:25 pm

Transcript Highlights:
  • balance of general revenue to a new capital outlay repairs and equipment surplus appropriation within
  • balance of general revenue to a new capital outlay repairs and equipment surplus appropriation within
  • to a new capital outlay repairs and equipment surplus appropriation to William R.
  • appropriation, and $5,002,392 to a new special services surplus appropriation.
  • appropriation, and $5,002,392 to a new special services surplus appropriation.
Keywords: 994, senate, all
Summary: The Senate Finance Committee met with a quorum present and first approved the minutes from the prior meeting. It then reconsidered Committee Substitute for House Bill 5212, noting that an Education Committee amendment had been inadvertently omitted the day before; the vice chairman withdrew the prior motion to report the bill, and the committee returned to the bill with the technical Education Committee amendments pending. The transcript then moved through a long agenda of bills and supplemental appropriations, with the committee generally hearing brief explanations from counsel, occasional member questions, and then voting to adopt amendments and report measures to the full Senate. Among the substantive policy bills, the committee advanced House Bill 4007 on the Industrial Access Road Fund, allowing an additional possible $3 million transfer in a fiscal year, expanding eligible uses, and increasing county/municipal spending limits; House Bill 4765, which raises salaries for state police, teachers, and school service personnel and, via a strike-and-insert amendment, creates a market pay enhancement tied to county and regional income data; House Bill 5162, recodifying tax lien sale procedures and clarifying ownership and government-property tax treatment; House Bill 5382, extending the Neighborhood Investment Tax Credit Program to July 1, 2031; House Bill 5685, authorizing up to $150 million in revenue bonds backed by excess lottery funds for State Culture Center improvements; House Joint Resolution 42, placing a constitutional amendment on the ballot to raise the homestead exemption from $20,000 to $40,000; House Bill 4010, creating an airport hangar grant program and fund; House Bill 4404, increasing from $500 to $5,000 the amount volunteer fire departments may spend on training and fire prevention materials; House Bill 4592, requiring standardized campus safety mapping data for higher education institutions; House Bill 4784, extending and making retroactive a qualified opportunity zone business tax modification; and House Bill 5088, increasing retirement benefits for Division of Natural Resources police officers, with a one-time $4.25 million cash injection. The committee also reported several supplemental appropriations and originating bills, including Senate Bill 842 for the Spay Neuter Assistance Fund, Senate Bill 846 for Culture and History capital repairs, Senate Bill 872 for Natural Resources capital repairs (reduced to $10 million in committee substitute), Senate Bill 876 for Department of Health facilities, Senate Originating Bills 1 through 5 covering Culture and History, road funds, corrections IT and services, tobacco education, and the Adjutant General’s armory board transfer, respectively. Most items were adopted by voice vote; House Bill 4765’s strike-and-insert amendment was adopted after a division vote of 10-6. The committee then adjourned.
WI
WI

Wisconsin 2026 1st Special Session

Wisconsin State Assembly Floor Session May 13th, 2026

Wisconsin House Floor Meeting

Transcript Highlights:
  • The surplus is strong and it's growing.
  • Don't forget, we have $2 billion in our surplus still, even after this.
  • It's time to return the surplus to the taxpayers.
  • This is about the surplus, a projected $2.4 billion surplus that this bill only spends $1.8 billion of
  • We have a $2.5 billion surplus.
Keywords: 970, all
HI
HI

Hawaii 2025 Regular Session

CPC/CPN Joint Info Briefing - Wed Dec 17, 2025 @ 9:30 AM HST

Hawaii House Floor Meeting

Transcript Highlights:
  • >> So they've been turning to surplus >> So they've been turning to surplus lines.<00
  • surplus lines. surplus lines.
  • coverage in surplus lines. coverage in surplus lines. >> Okay. >> Okay.
  • the surplus lines market still suddenly the surplus lines market still wants<01:05:15.839> those<
  • up in surplus lines market. up in surplus lines market.
Keywords: 910, house, all
Summary: The joint committees held an informational briefing on efforts to expand insurance capacity in Hawaii’s property market, especially for condominium and homeowners coverage. The Insurance Commissioner reviewed the background: a legislative task force, the governor’s emergency proclamation in August 2024, and Senate Bill 1044 in May 2025 led to new condo insurance products. He said the work over the past two and a half years was producing positive results and introduced representatives from HPIA and HHRF/HHR to provide updates. HPIA’s board chair and its administrator described the organization’s history, structure, and current products. HPIA said it was created in 1991 as a residual market for homeowners insurance, now writing four residential products: HO2 homeowners, renters, HO6 condo unit owners, and dwelling fire. They reported policy counts have grown again as admitted-market carriers tightened underwriting, and they discussed financial pressure from reinsurance costs, though those costs had declined in 2025 after different purchasing decisions. They also said the market has become more favorable overall, with some capacity returning and deductibles beginning to ease. Members focused much of their questioning on HPIA’s proposed higher dwelling limits. HPIA explained that the current $450,000 limit for homeowners and dwelling fire was set in 2023, but agents are now asking for a higher limit in the $650,000 to $750,000 range because construction costs have risen and many policies are not being submitted when the limit is too low. HPIA said it has the authority to raise the limit through a filing with the Insurance Division and expects more submissions if the cap increases. They also discussed the shift in the book of business from roughly 70% lava-zone coverage to closer to a 50/50 split between lava and non-lava risks. HPIA outlined strategic initiatives: a new policy administration system that went live October 1 and now allows online payments, online claims reporting, and electronic notices; a filed request to raise the homeowners and dwelling fire limit to $650,000 effective March 1 for new business and April 1 for renewals; an increase in the HO6 condo unit owners limit from $5,000 to $100,000; and a planned commercial property all-other-perils-excluding-hurricane condo product targeted for filing by January 31. No votes were taken, and the meeting was informational only.
WV
WV

West Virginia 2026 Regular Session

WV Senate Finance Committee in Session Mar 10th, 2026 at 03:25 pm

Finance

Transcript Highlights:
  • balance of general revenue to a new capital outlay repairs and equipment surplus appropriation within
  • balance of general revenue to a new capital outlay repairs and equipment surplus appropriation within
  • The same amount is appropriated to a new capital outlay and maintenance surplus appropriation within
  • appropriation, and $5,002,392 to a new special services surplus appropriation.
  • We're adjourned. surplus appropriation within the agent general state military budget item.
Keywords: 994, senate, all
Summary: The Senate Finance Committee met with a quorum present and approved the minutes from the prior meeting. The committee first reconsidered House Bill 5212, restoring a technical amendment from the Education Committee, then reported the amended bill to the full Senate with a do pass recommendation and adopted the title amendment. It also heard and advanced House Bill 407 on the Industrial Access Road Fund, allowing an additional possible $3 million transfer in some years, expanding eligible uses, and raising county/municipal spending caps; the Economic Development Committee’s technical amendment was adopted before the bill was reported. The committee then took up House Bill 4765, which would raise salary schedules for state police, teachers, and school service personnel and was amended with a strike-and-insert provision creating a market pay enhancement tied to county and regional income data. Several senators objected that the proposal would benefit only some counties, but the amendment was adopted by division vote, 10-6, and the bill was reported. Other bills reported included House Bill 5162 on tax lien sale procedures, House Bill 5382 extending the Neighborhood Investment Tax Credit Program to 2031, House Bill 5685 authorizing up to $150 million in revenue bonds for State Culture Center improvements backed by excess lottery funds, House Joint Resolution 42 raising the homestead exemption from $20,000 to $40,000, House Bill 4010 creating an airport hangar grant program, House Bill 4404 increasing volunteer fire departments’ spending cap for training and promotional materials, and House Bill 4592 requiring standardized campus safety mapping data at higher education institutions after an amendment changed the requirement from permissive to mandatory. The committee also reported House Bill 4784 extending the qualified opportunity zone business tax modification, House Bill 5088 increasing benefits in the DNR police officer retirement system with a $4.25 million cash injection, and several supplemental appropriations: Senate Bill 842 for the Spay-Neuter Assistance Fund, Senate Bill 846 for Culture and History repairs and equipment, Senate Bill 872 for DNR repairs and equipment after reducing the amount to $10 million, Senate Bill 876 for three state hospitals, Senate Originating Bill 1 for Culture and History, Senate Originating Bill 2 for highway spending authority, Senate Originating Bill 3 for corrections IT and special services, Senate Originating Bill 4 for tobacco education, and Senate Originating Bill 5 for the Armory Board. The committee adjourned after reporting all listed measures.
HI
HI

Hawaii 2025 Regular Session

CPN, CPN DEFER Public Hearings 01-31-2025

Transcript Highlights:
  • States don't regulate surplus lines. I think the surplus market serves a very critical role.
  • :25:00.760> Market lines I think I think the Surplus Market lines I think I think the Surplus
  • so Surplus um and I think one of Surplus so Surplus um and I think one of the<00:27:28.200> concerns
  • that oh terrible Surplus some think that oh terrible Surplus Market<00:27:35.880> it's<00:27:
  • And so if we didn't have the surplus market, or if we were made to regulate the surplus market, in my
Keywords: 912, senate, all
Summary: The committee opened by outlining hearing procedures, including a two-minute limit for live testimony, a request not to repeat written testimony, and a reminder about decorum. The first bill heard was SB 697, which would create a nonrefundable individual income tax credit for expenses to retrofit residences with wind-resistive devices. The Insurance Division said it supported the concept but noted it may need an appropriation or outside expertise to develop certification standards, while the Department of Taxation said the bill should retain a third-party certification requirement if the Insurance Division cannot administer the credit. The Hawaii Insurers Council supported the bill, and the Tax Foundation suggested a subsidy-style program would be more efficient than a tax credit and criticized the bill’s 100% credit structure. A testifier in support argued the measure would help homeowners fortify houses against hurricanes and reduce shelter demand; written testimony from several others, including HIEMA, was noted as supportive. The committee then moved through SB 76, which would require the Hawaii Property Insurance Association to provide commercial property coverage after two private-market denials, and SB 83, which would require insurers to give advance written premium-change notices and explanations to common-interest community policyholders and the insurance commissioner, along with a report on premium increases. For SB 76, the State Insurance Division stood on its written comments, and testimony in support came from Michael Honda, the National Association of Mutual Insurance Companies, and Jessica Herzog. SB 83 drew more extensive discussion: the Insurance Division supported the need for better transparency, while the Hawaii Insurers Council opposed the bill, arguing that agents—not insurers—typically communicate with AOAO boards and that the measure could worsen an already difficult market. Insurance Division staff acknowledged widespread complaints from condo associations about lack of transparency and said the division had received many calls about premium increases and nonrenewals. The discussion on SB 83 expanded into broader concerns about condo insurance, nonrenewals, surplus lines, and the difficulty of getting timely explanations for large premium increases. Committee members and testifiers described older buildings struggling to fund repairs and upgrades while facing steep insurance costs, and some urged the committee to craft baseline statutory protections for unit owners. The Insurance Division said surplus lines serve a critical gap-filling role and warned against regulating that market in a way that could slow access to coverage. No votes or final committee actions were taken in the portion of the meeting provided.
MN
MN

Minnesota 2025-2026 Regular Session

House Taxes Committee considers HF4, bill proposing constitutional amendment 1/23/25

Transcript Highlights:
  • <00:02:08.599> the using money from a projected Surplus the using money from a projected Surplus
  • We applaud the proposal to return the surplus funds to taxpayers.
  • We applaud the proposal to return the surplus funds to taxpayers.
  • We have to figure it out, and we grew our budget by 40% with the surplus.
  • We have to figure it out, and we grew our budget by 40% with the surplus.
Keywords: 1183, house
Summary: The committee took up House File 4, first adopting the H004A1 amendment without objection. The author described the bill as a constitutional amendment intended to create a tax relief account funded from projected budget surpluses, defined as revenues exceeding 105% of projected expenditures based on the November forecast. Supporters framed the proposal as a way to return excess taxpayer money to families, homeowners, and seniors rather than allowing the state to retain or redirect it. Testimony in support came from Ranna Lee of Americans for Prosperity, who praised the bill’s clarity and argued that taxpayers are overburdened and should receive surplus funds back; she also suggested broader tax and budget reforms, including rate reductions and tighter spending limits. Nan Madden of the Minnesota Budget Project testified in opposition, saying the legislature already has authority to use surpluses for rebates or tax cuts and warning that constitutionalizing tax policy would reduce flexibility, weaken accountability, and make it harder to respond to changing conditions, emergencies, or recessions. Members then briefly commented, with Republicans expressing support for returning money to taxpayers and citing cost-of-living pressures and fixed incomes. The committee did not hear a formal department position. At the end of the hearing, Representative Johnson renewed the motion that House File 4, as amended, be recommended to pass and sent to the Ways and Means Committee; the motion prevailed on a voice vote.
MN
MN

Minnesota 2025-2026 Regular Session

Legislative Commission on Pensions and Retirement - 03/03/26

Minnesota Senate Floor Meeting

Transcript Highlights:
  • a surplus, a sizable surplus um in that a surplus, a sizable surplus um in that there's<00:59:00.240
  • <01:18:45.360> No for allocating surplus funds. No for allocating surplus funds.
  • There's<01:23:50.880> surplus.
  • <01:23:56.880> If there's additional surplus there. If there's additional surplus there.
  • portion of that surplus. portion of that surplus. >> Senator<01:25:22.480> Rasmmanson.
Keywords: 1187, senate, all