Video & Transcript Research : 'dependent coverage'
Page 243 of 500
MS
Transcript Highlights:
- what it does is um it allows a 50% income tax credit um can be granted to an employer providing dependent
- what it does is um it allows a 50% income tax credit um can be granted to an employer providing dependent
- what it does is um it allows a 50% income tax credit um can be granted to an employer providing dependent
- providing dependent care for employees<00:16:12.000>
during <00:16:12.320>the <00:16:12.560 - What it does is it allows a 50% income tax credit to be granted to an employer providing dependent care
Summary:
The committee first heard testimony from Dr. Edney on the state revolving fund program for rural community water associations. He explained that the program has operated since 1997 using EPA grant funding and a state match, with low-interest loans, emergency funding, and loan forgiveness. He said the state match has risen in recent years because of increased federal infrastructure funding, but is expected to decline again as that enhanced funding ends. Members asked where repayment money goes, and he said it stays in the revolving fund rather than going to the general fund. He also discussed EPA pressure for consolidation of small water associations, minimum operational standards, and the possibility of using loan forgiveness incentives to encourage consolidation. No votes were taken on this presentation.
The committee then took up Senate Bill 2824, which extends the eligibility dates for certain energy projects to qualify for ad valorem tax exemptions, moving the relevant deadlines from 2026/2027 to 2031. The committee adopted the committee substitute and passed it by voice vote. Next, Senate Bill 2867 revised an earlier employer child care tax credit program. Senator Boyd said the bill simplifies the program, allows a 50% income tax credit for employers providing dependent care during work hours or making at least $2,000 per child direct payments to licensed child care entities, and caps the credit at $3,000 per child per year. A committee substitute also placed a $1 million cap on the overall credit program. Members discussed the need for child care support, the role of federal and state funding, and whether the bill would increase employer participation. The committee adopted the substitute and passed the bill by voice vote.
Finally, the committee considered Senate Bill 3109, a simple bill affecting Lafleur's Bluff State Park. Senator Blount explained that the park is managed under a lease with a nonprofit and that the bill would exempt the nonprofit from paying property taxes on the leased state park land. The committee adopted the committee substitute and passed the bill by voice vote, then rose and reported the measure out of committee.
NM
New Mexico 2025 Regular Session
IC - Courts, Corrections and Justice Aug 27th, 2025
Courts, Corrections & Justice Committee
Transcript Highlights:
- Those kids, depending on where their IQ falls, may never attain competency because you can't change IQ
- Whatever that entails, it's going to be different with each child depending on what their issues are.
- A lot depends on the evaluation that we get back.
- And that's always my big, real concern: depending on the judge you get, depending on the county you're
- in, depending on the district attorney you're with, you're going to get maybe an entirely different
NM
New Mexico 2025 Regular Session
IC - Transportation Infrastructure Revenue Subcommitee Jun 5th, 2025
Transcript Highlights:
- Although if they're depending on the impacts on unemployment within New Mexico, that could have a much
- Uh, it recovers a little bit depending on the tariff situation, but it's still going to remain much lower
- we are Expecting a decrease in imports that travel through New Mexico of between 3 and up to 11% depending
- Mexico anywhere between 3 and 11%, um, how that transfers into our diesel and uh way distance will depend
- Have a lot of the data that that can say when or if, and a lot of it does depend on the appeals court
MN
Minnesota 2025 1st Special Session
Expanded college grant program, HF2090, considered in higher education committee 3/18/25
Transcript Highlights:
- economic has the potential to drive economic growth<00:04:52.720>
reduce <00:04:53.160>dependence - <00:04:53.720>
on <00:04:53.919>social growth reduce dependence on social growth reduce - dependence on social services<00:04:54.759>
and <00:04:54.960>expand <00:04:55.440> - <00:07:23.160>
of <00:07:23.280>our <00:07:23.400>state <00:07:23.680>depends - better the health of our state depends better the health of our state depends upon<00:07:24.199>
KY
Kentucky 2025 Regular Session
Senate Standing Committee on Natural Resources & Energy (2-12-25)
Transcript Highlights:
- on the energy market reduce dependency on the energy market purchases<00:14:38.160>
that <00:14 - on what it, you legislation, depending on what it, you know,<00:43:11.760>
what <00:43:11.920> - Our constituents, our businesses, and our economy depends on it.
- our economy depends on it. our economy depends on it.
- <00:58:47.200>
that um Kentuckians depend on Sure. that um Kentuckians depend on Sure. that
Keywords:
Meeting Start 00:00:00
Attendance Roll Call 00:01:28
Introduction of Guests 00:02:08
American Electric Power and Kentucky Power Presentation 00:03:31
SB 89 Discussion 00:53:55
SB 89 Roll Call Vote 01:07:46, 958, all
Summary:
The committee met for an initial natural resources hearing with a quorum present and introductory housekeeping, including prayer, roll call, and recognition of guests. Chair Smith outlined ground rules for questions and then invited Kentucky Power and American Electric Power representatives to the table to discuss a proposed plan involving the Mitchell Power Plant and future generation needs in Eastern Kentucky.
Witnesses Cindy Wiseman, Alex Vaughn, and AEP CEO Bill Fehrman said the company’s goals are to stabilize and lower rates, reduce rate volatility, and expand generation in the Commonwealth. They explained that Kentucky Power seeks legislative authority to securitize its 50% interest in the Mitchell coal plant, describing securitization as a refinancing mechanism that would lower annual plant costs by about $34 million and help offset roughly one-third of the expected cost of adding new generation in Kentucky. They emphasized that the proposal is not intended to close Mitchell, and said Kentucky Power currently has no plan to divest its interest; the company still needs the plant to serve customers while it pursues additional dispatchable generation in Kentucky.
Members pressed the witnesses on the plant’s book value versus fair market value, whether the Mitchell interest had ever been assigned a nominal value, how any divestiture proceeds would be handled, whether Kentucky Power owns Wheeling Power, and how long Mitchell can continue operating. The company said it values Mitchell at net book value for accounting purposes, not fair market value, and explained that Wheeling Power is a separate AEP affiliate and that West Virginia affiliates have already proposed securitization of their share. Witnesses said Kentucky Power’s interest cannot technically operate past 2028 without additional environmental control investment, while the West Virginia side is depreciating through 2040. They also described the financing timeline, saying securitization would require enactment of legislation, a PSC financing order, bond issuance, and then parallel work to acquire or build new generation, with any reinvestment terms to be addressed through the regulatory process.
MA
Massachusetts 2025-2026 Regular Session
Senate Committee on the Census Jun 21st, 2026 at 01:00 pm
Senate Committee on the Census
Transcript Highlights:
- It's so dependent upon federal policy. Yeah, I mean, what do they assume?
- So the number of other dependents, or people 65 and older, per 500 working-age individuals, defined here
- By 2035, we'll have 37 elderly dependents per 100 working-age individuals.
- Total population, age structure of our population, age dependency ratios, etc.
- We are highly dependent on international immigration for population growth in Massachusetts.
Summary:
The Senate Committee on the Census heard presentations on Massachusetts population trends and how they affect state housing planning. Susan Strait of the UMass Donahue Institute reviewed recent Census Bureau estimates, saying Massachusetts grew strongly over the last decade but that growth has slowed sharply in the newest estimates, largely because net international migration has fallen from a post-pandemic surge. She also described the four components of population change—births, deaths, domestic migration, and international migration—along with aging trends, declining fertility, the importance of the millennial cohort, and the role of foreign-born residents in births and the labor force. Committee members asked about college students in group quarters and about counting incarcerated people, and Strait explained the Census Bureau’s current methods and noted that some issues remain under discussion.
Jesse Guerrero of the Metropolitan Area Planning Council then explained how MAPC uses UMass Donahue population projections to build household and local land-use forecasts for MassDOT and the statewide housing plan. He said the earlier transportation projections anticipated slower statewide growth and regional decline in western Massachusetts and on the Cape, with more growth in eastern Massachusetts. He also described how household formation, development patterns, zoning, and affordability are modeled, and noted that newer housing-plan scenarios use updated Census data and different assumptions about migration. Senator Miranda raised concerns about Cape Cod population loss and whether seasonal residents are being counted, and Guerrero and Strait said the projections focus on permanent residents, not seasonal populations.
Tim Reardon of the Executive Office of Housing and Livable Communities tied the demographic forecasts to the statewide housing plan, saying housing demand exists even under low-growth or slight-decline scenarios. He said the plan estimates about 115,000 homes are needed to address existing shortages, including doubled-up households, shelter families, seasonal conversion losses, and the need for healthier vacancy rates, plus additional units tied to future household formation. He added that the state’s total housing target is about 222,000 units, or as high as 262,000 under a higher-growth scenario. Senators pressed him on whether the scenarios are now too high given the recent drop in immigration, on affordability and out-migration, and on whether the housing plan adequately reflects homelessness and overcrowding in Boston and elsewhere. Reardon said the plan includes production, rental assistance, shelter prevention, and preservation strategies, and noted that HLC is also using grant programs and MBTA Communities-related infrastructure funding to support housing production statewide.
MN
Minnesota 2025-2026 Regular Session
Combatting Fraud with Training / Studying Seclusion in Schools / Lowering Costs for Communities Feb 27th, 2026
Minnesota Senate Floor Meeting
Transcript Highlights:
- We depend on people to do a great job and we have failed under fraud and or waste to do the basics in
- We depend on people to do a great job and we have failed under fraud and or waste to do the basics in
- We depend<00:03:16.080>
on <00:03:16.319>people <00:03:16.560>to <00:03:16.720> <00:15:36.480>- on people to do a great job and depend on people to do a great job and we<00:03:18.400>
have <on efficiencies that my counties depend on efficiencies that my counties depend - on people to do a great job and depend on people to do a great job and we<00:03:18.400>
Summary:
The program focused first on Minnesota Republicans’ efforts to combat fraud and improve government accountability, featuring Sen. Mark Koran. He argued that fraud in programs such as Medicaid, childcare assistance, PCA, autism services, housing support, and food aid harms both taxpayers and vulnerable recipients, and he cited cases where people in need were left without services. Koran said the problem stems from weak agency oversight, overreliance on self-attestation, and poor use of available data and site visits. He described a bill and related work to strengthen an independent inspector general structure, standardize eligibility checks, require better verification and external data use, and improve agency accountability; he also said federal involvement is necessary because many programs include federal dollars. No vote was taken in the interview, but he said the Senate had already passed an inspector general-related measure and that broader reform is still needed.
The second major topic was the Senate DFL’s “ICE accountability agenda” in response to federal immigration enforcement activity in Minnesota. The package includes bills to protect sensitive spaces such as schools and hospitals, ban law enforcement officers from wearing masks while on duty, and allow Minnesotans to sue the federal government in state court. DFL members framed the issue as one of constitutional enforcement tactics rather than immigration policy, and said the measures are intended to prepare the state if ICE returns. No committee vote or final action was described.
The final segment covered school seclusion policy. Sen. Judy Seeberger explained that seclusion is intended as an emergency safety tool, not discipline, but said the 2023 law banning it through grade 3 removed a resource without replacing it. She said supporters of the ban point to misuse and trauma, while she and a working group sought a compromise with tighter safeguards: extending the policy through grade 12, requiring explicit parental consent and access to the room, interpreter services when needed, and reporting if seclusion is used repeatedly. She said the working group’s recommendations were largely reached by consensus, but the issue remains unresolved and it is unclear whether further legislation will advance this session.
NM
New Mexico 2025 Regular Session
IC - Revenue Stabilization and Tax Policy Dec 15th, 2025 at 09:14 am
Revenue Stabilization & Tax Policy Committee
Transcript Highlights:
- The unsatisfying answer to your question is it depends.
- It depends on which land is sold, because each land is attributed to a certain beneficiary, and only
- So it depends. What we're seeing is a lot of these lease sales going to the general fund.
- Or are we depending on I'm self-employed, so I choose to hire and fire And grow and not grow when the
- The participation rate is gonna depend.
WA
Washington 2025-2026 Regular Session
House Civil Rights & Judiciary Dec 5th, 2025
Transcript Highlights:
- I will say that the availability of these internships often depends on office resources.
- I'm not here to talk about dependency or guardianship. This is about cases between parents.
- It depends county on county, how they choose to hire.
- It really depends on where the individual is housed.
- And it really depends on where the individual is housed.
Summary:
The work session began with a discussion of expanding opportunities in the legal profession, especially in response to shortages of lawyers in rural Washington and in public service roles. Washington State Bar Executive Director Tara Nevitt described a slowly growing but aging attorney population, noted that younger attorneys have declined, and outlined efforts such as supervised practice pathways to bar admission, reduced admission-by-motion experience requirements, expanded law clerk capacity, rural job fairs and grants, and a pilot program allowing innovative legal service delivery models. Members asked about bar passage score changes, loan repayment assistance, and the former Limited License Legal Technician program; Nevitt said the bar is monitoring other states and remains in dialogue with the court about paraprofessional licensing. Law school representatives from UW, Seattle University, and Gonzaga emphasized public service pipelines, financial barriers, and rural legal deserts, citing LRAPs, scholarships, stipends, clinics, and hybrid or regional programs designed to recruit and retain students in Washington. Seattle U highlighted its FlexJD and hybrid hub partnerships in underserved areas, while Gonzaga and UW reported substantial shares of graduates entering public service, though most still cluster in urban regions. The committee also heard from the Washington Association of Prosecuting Attorneys and the Office of Public Defense, both of which described severe recruitment and retention problems in rural counties, with vacancies, low applicant pools, and the need for higher salaries, housing help, internships, and loan support. The Office of Public Defense said its internship and fellowship program, created by SB 5780, has already placed interns in rural counties and produced some commitments to return after graduation. The Washington State Bar’s law clerk program was also presented as a pathway that helps people train locally and remain in their communities, including by supporting succession for aging solo practitioners.
The committee then shifted to family law and guardianship issues. On Title 26 guardian ad litem practice, presenters from Northwest Justice Project and private family law practice said GALs can play an important role but that training, oversight, and consistency remain major concerns, especially in domestic violence cases. They described problems such as inadequate training, bias, inconsistent recommendations, high fees, and lack of accountability, and suggested stronger, standardized training, more use of mental health professionals for custody evaluations, and better oversight mechanisms. Members asked about county practices, including rotation systems for GAL appointments and whether King County’s family court assessors provide a useful model. The discussion then moved to minor guardianships under the Uniform Guardianship Act. A Superior Court judge said the 2021 changes increased the need for court visitors and appointed counsel, but courts are struggling to find qualified attorneys and visitors, especially in rural areas. A former commissioner said most of the bill under discussion was technical cleanup to align prior amendments, though it would add some fiscal burdens. Administrative Office of the Courts staff reported that the statewide reimbursement program for UGA implementation has repeatedly run out of money earlier each year, with minor guardianship costs making up most of the expense. The Office of Public Guardianship then described rapid growth in demand for adult guardianship and less restrictive alternatives, noting that referrals and caseloads have risen sharply, but that the office is constrained by a shortage of certified professional guardians and low compensation levels. Finally, the committee began an update on Blake implementation from the Office of Civil Legal Aid, which funds civil legal services related to the decision, before the transcript cut off.
WA
Washington 2025-2026 Regular Session
House Early Learning & Human Services Oct 14th, 2025
Transcript Highlights:
- I want to be mindful that, depending on neighborhoods, depending on demographics, depending on your race
- I want to be mindful that, depending on neighborhoods, depending on demographics, depending on your race
- But depending upon family size and number of children, they're going to range.
- Depending upon family size and number of children, they're going to range anywhere from about, I think
- Then about 1,700 were under-enrolled, plus or minus, depending on what month you were looking at.
Summary:
The committee began with a work session on juvenile rehabilitation institution capacity, services, and staffing. DCYF Assistant Secretary Jennifer Redmond described overcrowding at Green Hill School and Echo Glen, driven by longer adult-style sentences extending past age 25, limited community placements, and small facility sizes. She said Green Hill remains above safe operating capacity, but staffing, injuries, large-scale aggression, and use-of-force incidents have improved over the past year. She also discussed Harbor Heights, a new 46-bed flex facility that had opened with 22 youth and would expand once a medical trailer arrives, as well as community transition services, vocational programming, behavior management reforms, and a request for more resources for mental health-focused facilities and staffing. Members asked about success metrics, developmental disability screening and supports, college access at Echo Glen, Mission Creek planning, and gender-responsive programming; Redmond said JR uses assessments, family involvement, and specialized living units, and that some requested funding had already been secured for returning a girls’ program at Echo Glen.
The committee then heard from Team Child and the Youth Action Coalition. Greta Schultz said youth perspectives should guide system reforms and identified key concerns: overuse of sentence extensions, underuse of community transition services, continued criminal referrals from Green Hill to Lewis County, limited family contact, inadequate mental health access, and unequal education opportunities, especially for young women at Echo Glen. Justella Gonzalez, a former system-involved youth, said her time in county and state facilities was harmful, with staff mistreatment, poor education, limited therapy access, and humiliating restraint practices; she also said girls at Echo Glen lacked the same college opportunities as boys at Green Hill. Committee members asked for follow-up on county versus state experiences and on telehealth mental health services.
The next presentation covered county-level services for youth involved or at risk of involvement with the justice system, led by juvenile court administrators Christine Simon-Smeyer and Judge Rachel Anderson. They outlined the juvenile court continuum from prevention and truancy work through diversion, detention alternatives, community supervision, and disposition alternatives, emphasizing evidence-based, trauma-informed, and restorative practices. Clark County was used as an example of a court that partners closely with schools and community providers, uses risk assessments and wraparound behavioral health probation, and offers detention alternatives without electronic home monitoring. They said most courts do not use detention for status offenses, but instead use court involvement to connect youth to services. They also described funding, noting that courts rely on a mix of state block grant and local dollars, and that recent cuts to early intervention funding reduced programming and staff hours. Members asked about detention for truancy, developmental disability identification, restorative justice practices, and the juvenile block grant.
Finally, DCYF Assistant Secretary Nicole Rose and Katie Warren of the Washington State Association of Head Start and ECAP discussed child care and early learning impacts from recent policy and budget changes. Rose said Fair Start for Kids investments had increased child care access, provider participation, and kindergarten readiness, with more than 60,000 children in Working Connections care and rising ECAP enrollment and provider capacity. She said recent reductions will raise most family copays in 2026, delay eligibility expansions, eliminate some expanded eligibility categories, reduce ECAP slots by about 3,000, delay entitlement timelines, and cut provider supports such as rate increases for centers, complex-needs grants, trauma-informed and dual-language incentives, and infant/early childhood mental health consultation. Warren emphasized ECAP’s role in family stability, workforce participation, and reducing poverty, and noted its two-generation approach to supporting both children and parents.
NM
New Mexico 2025 Regular Session
IC - New Mexico Finance Authority Oversight Sep 9th, 2025
New Mexico Finance Authority Oversight Committee
Transcript Highlights:
- But the dependencies that we can't control are which companies are going to come.
- And depending on which companies come, what revenue we get, and what economic impact.
- And that's because their business model depends on that.
- Southern New Mexico, and especially Doña Ana, depend on what happens.
- And depending on the month of the total trade value, that's what's going to come from Foxconn.
MN
Minnesota 2025-2026 Regular Session
House Veterans and Military Affairs Division 3/5/25
Veterans and Military Affairs Division
Transcript Highlights:
- Generally, when we build a new armory, the state has a cost share of that, depending on the armory and
- share of new Armory the state has a cost share of that<00:09:36.880>
uh <00:09:37.040>depending - on the Armory and the that uh depending on the Armory and the type<00:09:38.800>
of <00:09:39.000 - We want to bring this bill forward for clarity for our veterans, spouses, and eligible dependents. and
- We want to bring this bill forward for clarity for our veterans, spouses, and eligible dependents.
MN
Minnesota 2025-2026 Regular Session
Minnesota House Taxes Committee considers proposed 'wealth tax' 4/7/26
Transcript Highlights:
- business<00:35:26.600>
is Depending on how the business is Depending on how the business is - Minnesotans depend on. As a healthcare Minnesotans depend on.
- They don't want more government handouts and to be more dependent.
- They don't want more government handouts and to be more dependent.
- They don't want more government handouts and to be more dependent.
Summary:
The committee heard presentations on two tax bills: House File 4123, by Representative Agbaje, would expand Minnesota’s net investment income tax to include certain business income, especially income from S corporations and LLCs not subject to federal self-employment taxes, while keeping the current rate and million-dollar threshold; she said it would raise an estimated $88.7 million next year. House File 4616, by Chair Gomez, would impose a 1% annual tax on fortunes above $10 million. Gomez framed the bill as a response to growing wealth inequality and argued that wealthy households and large fortunes should contribute more to public services, while Agbaje said her bill would broaden the tax base and help meet state needs.
Public testimony was sharply divided. Supporters, including Nan Madden of the Minnesota Budget Project, Erica Mominee of the Minnesota Association of Professional Employees, Lauren Richards, and teacher Kristen Sinicariello, said the bills would help address wealth and income inequality and provide needed revenue for public health, education, and other public services. They pointed to federal tax cuts for high-income households, cuts to Medicaid and SNAP, and strains on state agencies and schools. Richards said small businesses already pay more than large corporations like Amazon, and Sinicariello argued that higher revenue would support classrooms and help equalize opportunity.
Opponents, including Brian Cook of the Minnesota Chamber of Commerce, Dalton Danielson of the Minnesota Business Partnership, and John Beschi of NFIB Minnesota, warned that both bills would hurt business competitiveness and investment. They argued that HF 4123 would effectively create a new higher tax tier for pass-through businesses and that HF 4616 would be difficult to administer, could force sales of illiquid assets, and could discourage entrepreneurship and capital investment. No votes or final committee action were taken in the portion of the meeting provided; the committee moved through bill presentations and public testimony before member discussion.
MN
Transcript Highlights:
- child or a 19- to 24-year-old dependent child or a 19- to 24-year-old dependent<00:02:30.920>
who - children depend on. children depend on.
- They don't want more government handouts and to be more dependent.
- They don't want more government handouts and to be more dependent.
- They don't want more government handouts and to be more dependent.
Keywords:
child tax credit, financial assistance, low-income families, state revenue, tax policy, net investment income, taxation, business income, self-employment, tax increase, wealth tax, fairness, public services, high-income earners, economic equity, Internal Revenue Code, employee classification, federal law, Minnesota statutes, 1183
MN
Transcript Highlights:
- It does identify the top projects for each campus, and it also identifies priorities depending on how
- on how much heer funding we uh depending on how much heer funding we receive.<00:18:43.679>
You - But depending on the rec on little bit.
- So it depends, but correct, most of them are looking forward or their use at the time.
- So it it depends a a fee to start with.
Bills:
HF3220
Keywords:
school safety, school security, emergency access, law enforcement access, master key box, secure key box, entry device, school grants, education finance, Department of Education, charter schools, school districts, cooperative units, appropriation cancellation, one-time appropriation, school safety plan, emergency preparedness, public safety, school building security, 1183
HI
Transcript Highlights:
- <00:37:02.800>
on DOE are much are much more dependent on DOE are much are much more dependent - Let me state it this way: construction is good, depending on your specification.
- Let me state it this way: construction is good, depending on your specification.
- It depends on what audience you're talking to, but I need to know what exactly is your position.
- what happened during the depending what happened during the session<01:13:19.679>
depending <01
ND
North Dakota 2026 1st Special Session
Budget Section Regulatory Division Jun 24th, 2026
Transcript Highlights:
- I mean, they're dependent on this line getting to Fargo because there's not enough natural gas for a
- And as you can see, it varies depending on the life of the asset, what the term is.
- And as you can see, it varies depending on the life of the asset, what the term is.
- So it depends on the program.
- And it's hard to work because it's totally dependent on politics and who sits in those seats.
Summary:
The committee received a compliance and budget update on Industrial Commission agencies and programs, including the Industrial Commission administrative office, the Oil and Gas Research Program, the Clean Sustainable Energy Authority, the State Energy Research Center, the Research Technology Park grant program, and related funds. Staff reviewed spending and balances for items such as electric grid resiliency grants, lignite research, enhanced oil recovery, the salt cavern business case study, and the new NDSU research and technology park grant. Members also discussed timing, carryover balances, matching requirements, and how some programs are structured to reimburse projects over several years rather than spend funds immediately.
Karen Tyler of the Industrial Commission described the agency’s administrative budget, the grant management system nearing completion, and the transition to standalone audits and staffing after separating from other agencies. She also outlined the status of active grant rounds across lignite, oil and gas, renewable energy, outdoor heritage, and clean sustainable energy programs. Members asked about the length of active grants, demand for clean energy funding, and the possibility of future grant rounds. Tyler and members also discussed the salt cavern study, the need to better define its commercial value, and the research technology park grant’s cash-match requirement.
Ron Ness then testified on enhanced oil recovery and broader oil and gas market conditions. He said North Dakota production remained steady, but future growth depends on infrastructure, longer laterals, and better use of natural gas and carbon dioxide for EOR. He described the state’s EOR grant round, the use of federal DOE funding to replace part of a state-funded project, and the expectation of additional grant rounds. Members asked about CO2 supply, storage, and the economics of using legacy fields and pipelines to extend oil production and support agriculture and industrial uses.
The committee also heard from Bank of North Dakota President Don Morgan, who reviewed the bank’s mission, governance, lending verticals, disaster programs, and new initiatives. He said the bank is seeing deposit growth flatten and is responding to fintech competition by focusing on liquidity, risk management, and a new payment infrastructure initiative called Rough Rider Coin, which he emphasized is not crypto and not a public coin, but a banking payment rail for North Dakota institutions. Members asked about student loan rates, disaster lending, and how the bank’s lines of credit and balance sheet capacity are affected by deposit trends. Morgan said the bank remains profitable and continues to support agriculture, commerce, and industry through participation loans, student lending, and state-directed programs.
ND
North Dakota 2025-2026 Regular Session
Budget Section Regulatory Division Jun 24th, 2026
Transcript Highlights:
- I mean, they're dependent on this line getting to Fargo because there's not enough natural gas for a
- But it's different depending on credit score and all the underwriting, but around six-ish. Sure.
- And as you can see, it varies depending on the life of the asset, what the term is.
- So it depends on the program.
- And it's hard to work because it's totally dependent on politics and who sits in those seats.
Summary:
The committee took roll, approved the March 18 minutes, and then received a compliance-report update on the Industrial Commission and related funds and programs. Staff reviewed the status of one-time appropriations and grant programs, including electric grid resiliency, lignite research, enhanced oil recovery, the Clean Sustainable Energy Authority, the salt cavern business-case study, and the new NDSU research and technology park grant. Members asked about funding balances, reimbursement timing, matching requirements, and how some commitments would affect the State Investment Fund and future biennia.
Industrial Commission staff then gave a broader update on the agency’s administrative office, grant management system, leadership transitions at several commission agencies, and active grant rounds. They reported that the grant management system is nearing completion, that several agency leadership searches have concluded, and that the commission’s grant programs currently have 108 active grants totaling more than $165 million. They also described the Clean Sustainable Energy Authority round, the oil and gas research program’s enhanced oil recovery awards, the grid resiliency grants, the salt cavern study, and the research technology park program, noting that some projects are awaiting federal funds or additional matching cash.
Ron Ness, speaking for the Oil and Gas Research Council, focused on the state of the oil industry and the enhanced oil recovery “Bakken 2.0” effort. He said production remains steady, but future growth depends on better infrastructure, longer laterals, and new EOR methods such as CO2, natural gas, and surfactants. He emphasized the importance of the Bakkeneast pipeline and related gas-utilization projects, the recent DOE funding that will return some money to the research council, and the need to modernize tax and incentive rules for CO2-based recovery. Members discussed the potential economic benefits for oil, agriculture, and manufacturing.
The Bank of North Dakota then presented its compliance report and a broader strategic update. Bank leadership reviewed the bank’s mission, governance, participation lending, student lending, disaster programs, and legislatively directed programs, and said the bank is managing for a flatter deposit base and stronger liquidity because of fintech competition and changing market conditions. They reported improved earnings, with net income rising to about $231 million, and described Rough Rider Coin as a new internal payment rail for North Dakota banks and credit unions, not a public cryptocurrency. Members asked about student loan eligibility, disaster lending, and the bank’s capacity to support state programs while maintaining its balance-sheet and liquidity requirements.
MN
Transcript Highlights:
- ignition interlock device program for a certain amount of time right now, one, two, three, or six years depending
- > amount of time right now 1 2 3 or 6 amount of time right now 1 2 3 or 6 years<00:25:23.760>
depending - <00:25:25.760>
If years depending on their offenses. - If years depending on their offenses.
- I mean, I tried a few years ago to change this reinstatement fee around, and depending on how you do
MN
Minnesota 2025-2026 Regular Session
Cmte on Rules - Subcommittee on the Federal Impact on Minnesotans and Economic Stability - 11/24/25
Transcript Highlights:
- But SAF benefits, or would have benefited, and may depend, depending on how the economics come out, on
- But SAF benefits, or would have benefited, and may depend, depending on how the economics come out, on
- Our effort to reach the 100% plan by 2040 goal depends on it.
- reach the 100% plan by 2040 goal depends reach the 100% plan by 2040 goal depends on<01:36:51.360
- Our kids are depending on it and on it.