Video & Transcript Research : 'amortization'
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KY
Kentucky 2025 Regular Session
Public Pension Oversight Board (12-12-25) - Part 1
Transcript Highlights:
- period which allows us to amortization period which allows us to amortize<00:04:47.920>
that < - amortize that unfunded liability down. amortize that unfunded liability down.
- <00:35:20.359>
remaining <00:35:20.880>amortization amortization remaining amortization - amortization remaining amortization period<00:35:22.520>
that <00:35:22.720>we'll <00:35 - period called layered 20-year amortized period called layered amortization.<00:51:40.840>
That's<
Keywords:
Meeting Start: 00:00:00
Attendance Roll Call: 00:00:12
Approval of Minutes: 00:01:34
Actuarial Valuation Update – KPPA: 00:02:10
Actuarial Valuation Update – TRS: 00:25:32, 958, all
Summary:
The meeting began with roll call, confirmation of a quorum, and approval of the prior minutes. The main presentation was from KPPA officials Ryan Barrow and Erin Saratt on the annual actuarial valuations for the retirement and insurance systems. They said the systems’ funding status improved overall, with three of five insurance funds fully funded, CERS hazardous dropping from over 100% funded to 90.9% because of premium changes, and KRS receiving $650 million in supplemental funding over the biennium. They also reported strong investment returns above assumed rates, higher payroll and membership counts, and resulting actuarial losses tied to higher salaries and premiums, especially on the insurance side.
Members asked several questions about what drove the actuarial losses and whether legislation affected them. KPPA said the CERS insurance loss was driven by premium increases and Senate Bill 10, while the pension-side losses were largely due to higher payroll and benefits for Tier 1 and Tier 2 members. They explained that new Tier 3 employees are designed to add no additional unfunded liability, and that the state administers the systems but does not directly control all hiring. Questions also focused on retiree health premiums, which KPPA said rose about 15% for non-Medicare retirees and 38% for Medicare retirees, with the increase attributed to utilization, prescription costs, and the Inflation Reduction Act.
The committee then heard from TRS Deputy Executive Secretary and General Counsel Beau Barnes on the 2025 TRS actuarial valuation. He reported that the Retirement Annuity Trust and Health Insurance Trust both received full funding, the retirement trust’s funded ratio improved to 61%, TRS 4 remains well funded with no liability, and the health insurance trust improved to 89.1%. Barnes said TRS is on track to fully fund legacy liabilities within the amortization period, with 2044 as the point when the system reflects 100% funding and 2046 as the last year needing additional dollars for the legacy liability. He also explained that lower assumed investment returns and updated mortality assumptions increased liabilities, but that TRS uses direct rate smoothing for budgeting purposes.
At the end of the meeting, the chair circulated a proposed set of “do’s and don’ts of pensions,” emphasizing that future legislation should not create unfunded liabilities. Barnes also noted he would later discuss several legislative proposals for the 2026 session, but the transcript provided ends before that discussion or any votes on those proposals.
MN
Transcript Highlights:
- The way the amortization works, Senator Marty, is that the jurisdiction that opts to amortize would have
- The way the amortization works, Senator Marty, is that the jurisdiction that opts to amortize would have
- The way the amortization works, Senator Marty, is that the jurisdiction that opts to amortize would have
- The way the amortization works, Senator Marty, is that the jurisdiction that opts to amortize would have
- The way the amortization works, Senator Marty, is that the jurisdiction that opts to amortize would have
MN
Minnesota 2025 1st Special Session
Legislative Commission on Pensions and Retirement - 04/22/25
Minnesota Senate Floor Meeting
Transcript Highlights:
- the 30-year amortization because of the adoption of layered amortization that this commission has included
- and talk about the 15-year amortization and talk about the 15-year amortization portion<02:00:01.280
- Chair, Representative O'Driscoll, I believe the amortization work group recommends a 15-year amortization
- workg group recommends a amortization workg group recommends a 15-year<02:10:45.679>
amortization - So that 15-year amortization period.
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy May 20th, 2025
Select Committee on Pension Policy
Transcript Highlights:
- over the last several years, and those will be amortized over a 15-year period, but the first four will
- So it's essentially an 11-year amortization that's going to start about four years from now. four will
- So it's essentially an 11-year amortization that's going to start about four years from now.
- I don't know that the underlying amortization method was changed from 10 years.
- And so it's only relative to Plan 1s and the 15-year amortization. Correct. Correct.
Summary:
The Select Committee on Pension Policy executive committee met to approve the November minutes, which were adopted by voice vote. The committee then received an update from the Attorney General’s Office on two ongoing cases, Fowler and Joel Lynn, with briefing and oral argument timelines still pending. Michael Harbour of the Office of the State Actuary provided an actuarial update focused on ESSB 5357, explaining that the bill raised the assumed investment return from 7% to 7.25%, suspended UAL contribution rates for four years, and changed amortization for past benefit improvements; members asked for clarification on how those changes would affect long-term funding and contribution rates, especially for Plan 1 systems.
A substantial portion of the meeting was devoted to committee discussion of interim priorities and the need for more analysis of recent pension legislation. Members emphasized the importance of understanding the fiscal impacts of ESSB 5357 and related pension changes before the September economic experience study, and several asked staff to provide a more preliminary walkthrough of the bill’s effects. The committee also discussed the LEOFF 1 study and broader questions about overfunding, including when a plan should be considered overfunded and whether overfunding should be addressed through merger or closure proposals. One member suggested reviewing the operating budget’s excess compensation proviso during the interim as well.
Staff reviewed the draft 2025 interim work plan, proposing June topics including election of officers, a presentation on SB 5357 and its actuarial implications, and an initial LEOFF 1 study kickoff based on SB 5085 and HB 2034. The committee also placed excess compensation and demographic experience study items in a parking lot for possible later scheduling. The June agenda was adopted by roll call vote, with three ayes and three members absent or excused, and the meeting adjourned after no further business.
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 03/18/25
Minnesota Senate Floor Meeting
Transcript Highlights:
- We will discuss the CSA pension portability project and amortization work group in more detail later
- workg group in more detail amortization workg group in more detail later<00:42:35.839>
in <00: - down the pension debt, and also what type of amortization.
- is to reflect the 15-year amortization for new benefits.
- is to reflect the 15-year amortization for new benefits.
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Nov 5th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- The amortization period is down to 42 years.
- Funded in the municipal general plan, and their amortization period is 26 years.
- Are we content with a 52-year amortization period? 50 years now, which is an improvement.
- In the plan, our amortization, I think, dropped from 52 to 48 years.
- But the amortization period, you know that's going to continue coming down.
KY
Kentucky 2025 Regular Session
Public Pension Oversight Board (8-26-25)
Transcript Highlights:
- <00:35:09.200>
of studies uh we have amortization of studies uh we have amortization of excess - going to be paid off on an amortized going to be paid off on an amortized basis<01:08:46.960>
- the end of the amortization period. the end of the amortization period.
- And you see it's amortization period.
- amortization period those drop to zero. amortization period those drop to zero. the<01:28:44.320
Summary:
The meeting opened with a quorum call, the Pledge of Allegiance, a prayer, and approval of the prior meeting minutes. The first presentation was from Bo Craycraft of the Judicial Form Retirement System, who gave an update on investment performance, asset allocation, cash flow, and projected employer costs. He reported strong fiscal year 2025 investment results, with both the legislative and judicial retirement plans outperforming their actuarial assumed rates of return and benchmarks, driven largely by U.S. equity performance. He also noted the plans remained near their target asset allocation and continued to experience negative cash flow, though he said that was manageable in context of strong asset growth.
Craycraft then discussed a recent experience study and actuarial assumption changes, especially a revised salary growth assumption and a higher cash balance interest credit rate. He said these changes increased projected employer costs, with contributions rising from about $700,000 to a projected $2 million in later years, though he expected the eventual 2025 valuation and investment gains to reduce that estimate. Members asked about mortality assumptions, the impact of the experience study on liabilities, and the sharp increase in the judicial plan’s projected employer cost. Craycraft explained that the increase was driven mainly by the updated assumptions and that no other major plan changes were involved.
At the chair’s request, Craycraft also addressed the recent rise in Medicare Advantage premiums for the plan’s health coverage, saying the 2025 increase was largely tied to Part D changes and the Inflation Reduction Act and had been about 45%, but that future growth was expected to be under 5%. After his presentation, the committee moved to the Kentucky Public Pensions Authority update, where the next speaker began by saying the funds had exceeded actuarial assumed returns for the fiscal year.
NH
Transcript Highlights:
- Because it has a longer amortization period, 30 to 40 years, gets a higher interest rate, and because
- would you do that because it has a would you do that because it has a longer<00:09:27.240>
amortization - >
period <00:09:28.640>30 <00:09:28.959>to <00:09:29.079>40 longer amortization - period 30 to 40 longer amortization period 30 to 40 years<00:09:30.320>
gets <00:09:30.480> - challenge with these types of investments is that they have high upfront capital costs that are amortized
MN
Transcript Highlights:
- which I think you would and amortization which I think you would eBTI<00:38:55.359>
duh. - Amortizing these costs impacts business investment and can negatively affect cash flow.
- Amortizing these costs impacts business investment and can negatively affect cash flow.
- Amortizing these costs impacts business investment and can negatively affect cash flow.
- Um I we don't amortization provision.
Keywords:
taxation, pass-through entity, qualifying owner, partnership, S corporation, tax return, corporate franchise tax, individual income tax, research expenditures, federal compliance, Minnesota Statutes, income tax, corporate tax, section 179, federal conformity, HF3815, Minnesota taxes, tax conformity, Internal Revenue Code, IRC conformity
WY
Wyoming 2026 Regular Session
Senate Corporations, Elections & Political Subdivisions Committee, February 23, 2026
Corporations, Elections & Political Subdivisions
Transcript Highlights:
- And it lays out uh those amortized<00:02:29.280>
individuals <00:02:30.640>uh <00:02:30.800 - >
so <00:02:30.959>that <00:02:31.120>we amortized individuals uh so that we amortized - it is because it wasn't in the amortized it is because it wasn't in the amortized complaint,<00:
- Um, so, you know, I think you could amortize that situation and add it to this list.
- that situation and and add it amortize that situation and and add it to<00:25:45.919>
this <00
Bills:
HB0086
HI
Hawaii 2026 Regular Session
EEP Public Hearing - Tue Mar 24, 2026 @ 9:00 AM HST
Energy & Environmental Protection
Transcript Highlights:
- There is the hydrogen, you know, the $500 million hydrogen amortization decision.
- We don't characterize that as an error; that was an amortization decision regarding that.
- There is the hydrogen, you know, the $500 million hydrogen amortization decision.
- There is the hydrogen, you know, the $500 million hydrogen amortization decision.
- you an amortization you an amortization um<00:13:15.040>
decision <00:13:15.680>regarding
Keywords:
conservation, endangered species, wildlife preservation, native birds, biodiversity, sanctuary, nonprofit, DLNR, agricultural district, land use, chapter 195D, chapter 205, chapter 42F, state funding, public purpose, habitat restoration, predator-free sanctuary, ecosystem restoration, Zealandia, wildlife refuge
Summary:
The committee on Energy and Environmental Protection heard a long series of resolutions focused largely on waste reduction, energy planning, and environmental protection. Early measures included HR 12/HCR 10 on a permanent landfill host benefits program for Honolulu, HCR 148/HCR 157 on a demolition waste reduction working group, and HR 184/HCR 194 on a mattress stewardship program working group. Testimony on these waste-related measures was generally supportive from environmental groups and some individuals, while the Department of Health supported the mattress stewardship proposal. The Department of Health also commented that a proposed study on recyclable/biodegradable/compostable labeling was very broad and would require additional resources to carry out effectively.
The committee then took up several energy-related resolutions. HR 192/HCR 202 would create a task force on Hawaii’s future energy pathways, and HR 194/HCR 204 would ask the Public Utilities Commission to conduct a comprehensive analysis of cost reductions and financial risk. The Department of Commerce and Consumer Affairs, the Hawaii State Energy Office, and the PUC offered support or comments on these measures, with environmental and industry groups also submitting testimony. Members questioned the Energy Office and PUC at length about errors in prior analyses, competitive bidding, and whether utility proposals could proceed through waiver processes; the PUC said any proposal would still be reviewed and that it generally prefers competitive bidding, while the Energy Office said some issues were being characterized differently and would follow up on waiver standards.
Additional measures addressed data centers, liquefied natural gas, and utility oversight. HR 196/HCR 206 would convene a working group on the impacts of large data centers, and HR 197/HCR 207 would require conditions before the PUC approves LNG-related costs; testimony on LNG was split, with supporters urging caution and opponents arguing LNG should not be pursued. HR 193/HCR 2003 sought a written status update on implementation of the Hawaii Electric Reliability Administrator, and HR 191/HCR 201 and HR 33/HCR 33 dealt with sewage and wastewater issues, both drawing support from environmental and community groups. The committee also heard strong support for HR 141/HCR 149 on Red Hill remediation meetings and HR 190/HCR 200 on reassessing military PFAS cleanup decisions; the Board of Water Supply testified in support and described ongoing PFAS testing and concerns beyond Red Hill. The transcript ends as the committee moved into decision-making, with the chair indicating a recommendation to pass HR 12/HCR 10.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Municipalities and Regional Government Jun 21st, 2026 at 01:00 pm
Joint Committee on Municipalities and Regional Government
Transcript Highlights:
- provisions that we knew people were excited about, like removing double poles and allowing for the amortization
- provisions the second provision I want to highlight is the section 35 which allows municipalities to amortize
- This bill, as you know, would allow municipalities to amortize any deficit related to a declared emergency
- And so I have a question about the amortization of emergency or disaster relief funds.
- And so I have a question about the amortization of emergency or disaster relief funds.
Summary:
The hearing focused on Governor Healey and Lt. Gov. Driscoll’s Municipal Empowerment Act, with administration officials and municipal leaders broadly supporting the bill as a package of tools to help cities and towns manage rising costs, staffing shortages, and service demands. The administration highlighted procurement reforms, including raising Chapter 30B advertising thresholds, clarifying cooperative purchasing, and removing the Commbuys notice requirement; permanent authority to amortize emergency-related deficits over three years; expanded authority and enforcement for removing double poles; continued flexibility for hybrid and remote public meetings; regionalization options such as regional boards of assessors and intermunicipal agreements; cybersecurity reporting to EOTSS; and several local revenue options and other municipal finance changes. They said the bill was shaped by listening sessions with municipal officials and was intended to increase flexibility, efficiency, and stability without imposing broad mandates.
Committee members asked about regionalization, cybersecurity costs, Commbuys, hybrid meetings, and double poles. Administration witnesses said cybersecurity reporting would help the state target resources and that existing Community Compact and capital grant programs, including IT and municipal fiber funding, could support local needs; they said EOTSS would absorb reporting within existing resources. On procurement, they said the Commbuys notice change would be optional and that other public notice methods would remain available. On hybrid meetings, they emphasized flexibility for different types of boards and the burdens a one-size-fits-all mandate could create for small towns and volunteer boards. On double poles, they said the bill’s main change from last session was to give utilities more time and improve the removal process while keeping enforcement mechanisms aimed at speeding removal rather than raising revenue.
The Massachusetts Municipal Association, MAPC, the Pioneer Valley Planning Commission, and multiple mayors and town managers testified in support. They described the bill as a practical modernization measure that would help local governments operate more efficiently and respond to fiscal pressure. Witnesses from Northampton, Lynn, Gardner, Cambridge, Franklin, North Andover, Manchester-by-the-Sea, and Ashland praised the hybrid meeting provisions, procurement changes, regional service-sharing, and emergency deficit amortization. Several also urged adoption of local revenue tools, including meals and lodging tax options and other local fees, as ways to preserve services and staffing. No votes were taken during the hearing.
NH
New Hampshire 2025 Regular Session
House Executive Departments and Administration (01/15/2025)
Transcript Highlights:
- Editorial comment is that they chose the longest possible period of amortization and the method of amortization
- over a closed 20-year amortization period.
- and the method of amortization and the method of amortization<03:44:21.840>
that <03:44:22.080 - As noted earlier, in 2010 the 30-year amortization of the unfunded liability begins.
- years um on paying down the amortization years um on paying down the amortization of<04:33:59.959
Summary:
The committee held an orientation for new and returning members of the House committee on agencies and administration, with introductions from members and staff. Chair Carol Maguire outlined her expectations for hearings: keep questions focused on the bill, be respectful to witnesses, and use the committee’s orientation opportunities to learn about the jail staff, retirement system, and Office of Professional Licensure. Members also discussed related assignments on other bodies, including the Joint Legislative Committee on Administrative Rules and the Joint Committee on Employee Classification, and noted that some members already serve on those panels.
A substantial portion of the meeting focused on the State Building Code and the committee’s upcoming workload. Members explained how the state code is intended to provide a common baseline while allowing limited local options, and why municipalities must formally adopt and publish any local amendments. They reviewed several anticipated bills: a consolidation bill to gather building-code enforcement materials in one place, a bill to update the state energy code, a bill to restrict municipal adoption of building-code changes, and a bill to update the electrical code. Members also discussed how building codes apply to older homes and commercial buildings, and why code updates are important for safety and clarity.
The chair said the committee had 36 bills currently scheduled, including many early bills that must move by March 6 because they will be heard by two committees. She said the committee would use subcommittees for harder bills, with three subcommittees this year: pensions, licensing, and likely state building code. She also outlined the hearing schedule, including lighter bills on February 12 and the expectation of executive sessions later in the month. No votes were taken during the orientation, but members were told that public hearings do not require a quorum and that hard copies of bills would be distributed by committee staff.
NH
New Hampshire 2025 Regular Session
House Executive Departments and Administration (01/30/2025)
Transcript Highlights:
- liability we have layered amortization liability we have layered amortization the<01:29:51.800><
- The 2039 date was to amortize the unfunded liability as it existed when that date was established in,
- And then each subsequent change in the UA is amortized over 20 years.
- And then each subsequent change in the UA is amortized over 20 years.
- I believe it was 2010 or '11, and then each subsequent change in the UA is amortized over 20 years.
Summary:
The committee first took up House Bill 622, but after the sponsor said further research raised concerns, he asked that the bill be tabled. The committee then moved in executive session and voted unanimously to find the bill inexpedient to legislate, sending it to consent. The committee also retained House Bill 349, the ophthalmologic laser bill, after members said more time was needed for the professions involved to work out training standards and provide additional information; that motion also passed unanimously.
The committee then discussed House Bill 244, a municipal building/fire code recodification measure. Members said the bill needed more review and careful scrutiny because of its length and possible unintended effects, and they voted unanimously to retain it as well. House Bill 534 was then heard; the sponsor said the bill did not do what was intended because of a misunderstanding about current processing, and the committee voted inexpedient to legislate and placed it on consent.
The committee next considered House Bill 233, with an amendment to remove a requirement affecting the New Hampshire Vaccine Association. Supporters argued the bill would reduce an unnecessary burden and improve transparency, while opponents said the committee should not single out one private 501(c)(3) organization. The amendment was adopted 8-5, and the bill as amended then passed 7-6; a minority report was requested. Finally, the committee opened House Bill 536, a proposed 1.5% cost-of-living adjustment for certain state retirees. The sponsor and supporters argued retirees had not received adequate COLAs and that the bill would help offset inflation, while the retirement system testified that the proposal would add significant costs, including an estimated $1.5 million for the state, $6.6 million for political subdivisions, and about $100.7 million in present-value unfunded liability, with the impact reflected in future employer contribution rates.
MN
Minnesota 2025-2026 Regular Session
Legislative Commission on Pensions and Retirement - 04/21/26
Minnesota Senate Floor Meeting
Transcript Highlights:
- So, um, the big red box has been amortized, uh, and it's being paid off so that St.
- So, um, the big red box has been amortized, uh, and it's being paid off so that St.
- When's the amortization year?
- When's the amortization year? I thank you, um, Mr.
- When's the amortization year? When is it paid off? When's the amortization year? Mr. Tenzin.
Summary:
The committee first approved the April 14, 2026 meeting minutes without objection. It then took up Senate File 4860 / House File 4812, the St. Paul Teachers Retirement Fund Association bill, which would reduce the employee contribution rate for coordinated members from 9% to 8% starting after June 30, 2026, raise the retiree COLA from 1% to 1.5% beginning January 1, 2027, and increase the state-funded employer contribution by 2.7%. Staff said the bill’s cost is just over $12 million per year over 15 years. Representative Lilly said the bill was intended to bring parity to St. Paul teachers after prior work in this area left some behind.
Several St. Paul teachers testified in support, describing financial strain, burnout, and the difficulty of balancing teaching with family responsibilities. Hannah Geimer said the 1% contribution change would make a meaningful difference in her budget as a single parent. Eric Erickson said he and his wife have spent decades working extra hours and coaching, and argued that St. Paul educators pay more and receive less in retirement than other teachers. Arzoo Faroozan Yazdani, a Central High teacher, said the higher contribution rate and lower COLA make it hard to stay in the district and raise a family. Lisa Hodek said teachers are undercompensated for the demands of the job and that the pension disparity has created frustration and a sense of betrayal. Phil Tensic, the SPTRFA director, summarized the request as seeking an 8% contribution and 1.5% COLA to match TRA, and noted that the plan’s members are spread across legislative districts, not just in St. Paul.
Members discussed the history behind the pension disparity. Senator Nelson questioned whether “parity” was the right term given the plan’s funding problems and the legacy of the “big red box,” referring to past underfunding. Tensic and Senator Pappas explained that the state had previously allowed St. Paul schools not to contribute for a period of years, that supplemental district and state aid began in 2018, and that the plan is projected to be amortized by 2039 and must be paid off by 2048. Members also noted that the bill and related pension proposals depend on available funding; Representative O’Driscoll and others said no final financing agreement had been reached, though leadership was continuing discussions. The committee received letters of support from Education Minnesota, the St. Paul Federation of Educators, and 40 individual supporters. No final vote on the bill was taken in the portion of the meeting provided.
MN
Transcript Highlights:
- This is a deduction for R&D amortization. It's sometimes called.
- amortization. It's sometimes called. amortization. It's sometimes called.
- Uh, and then there's another provision that allows, you know, right now it's a five-year amortization
- amortization schedule.
- schedules and REITs and amortization schedules and REITs and opportunity<01:05:13.599>
zones,
Keywords:
January 6 insurrection, pardon, law enforcement, violent crimes, public safety, justice system, political accountability, Blaine, local sales tax, special tax, restaurant tax, lodging tax, admissions tax, amusement tax, hotel tax, redevelopment, capital improvements, municipal finance, bonding authority, tourism tax
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 087 Apr 11th, 2026
Colorado House Floor Meeting
Transcript Highlights:
- <02:18:30.639>
payments <02:18:30.880>at amortization payments at amortization payments - Amortization payments. Step pay.
- Amortization payment, C5101, 782D213177.
- Unfunded liability amortization payments. Salary survey.
- Amortization payments. Step pay.
Summary:
The House convened with a quorum, approved the prior journal, and heard several brief recognitions before moving to business. Members welcomed foster care advocates for Child Abuse Prevention Month, Girl Scouts visiting the Capitol, and participants in Black Maternal Health Week, with remarks emphasizing foster youth voice, leadership development, and the need for culturally competent maternal health care and doula/midwife support.
The chamber then took up House Joint Resolution 1026, honoring former Governor Roy Romer and designating a portion of I-25 as the Governor Roy Romer Memorial Highway. Supporters highlighted Romer’s long public service, his work on education and infrastructure, and his role in major state projects. A proposed amendment to strike the word “memorial” was withdrawn, the House suspended the rules to allow Romer to speak from the well, and Romer offered remarks about legislative collegiality and the importance of democracy and listening to opposing views.
House Joint Resolution 1026 was adopted on a 60-0 vote, with four excused and one absent. After a brief recess, the House returned to special orders and resumed reading House Bill 1410 at length, continuing through extensive appropriations language for the Department of Human Services, including child welfare, youth services, Medicaid-related transfers, SNAP and benefits administration, and other funding line items. No final action on House Bill 1410 was taken in the portion provided.
KY
Kentucky 2026 Regular Session
House Standing Committee on Banking and Insurance. (3-18-26)
Banking & Insurance
Transcript Highlights:
- If you amortize it over a 30-year, it saves you $102 a month. quick example that I think will help quick
- If you amortize<00:05:15.480>
it <00:05:15.680>over <00:05:16.400>a <00:05:16.440 - 16.800>
year, <00:05:17.480>it <00:05:17.600>saves <00:05:17.880>you amortize - it over a 30 year, it saves you amortize it over a 30 year, it saves you $102<00:05:18.840>
a
AZ
Arizona 2026 Regular Session
02/17/2026 - House Natural Resources, Energy & Water
Natural Resources, Energy & Water
Transcript Highlights:
- The Arizona Corporation Commission ordered the utility to remove the amortization schedules of those
- The Arizona Corporation Commission ordered the utility to remove the amortization schedules of those
- In a recent rate case, “The amortization schedule and how those amounts change over time.
- In a recent rate case, the Commission required the utility to eliminate the regulatory asset amortization
- Without clear reporting of declining balances and total amortization recovery, oversight becomes unnecessarily
Bills:
HB2099, HB2263, HB2264, HB2330, HB2341, HB2492, HB2757, HB2782, HB2843, HB2889, HB2912, HB2915, HB2918, HB4025, HB4100, HCR2020, HCR2057
Keywords:
water storage, long-term storage credits, groundwater management, drought contingency, Arizona water regulations, Colorado River, replenishment, groundwater savings facility, groundwater storage, underground water storage, active management area, irrigation non-expansion area, Arizona water law, water rights, water replenishment, recharge, water conservation district, multi-county water conservation district, CAP water, Central Arizona Project
Summary:
The committee heard a series of water, energy, housing, and environmental bills, with several measures amended before passage. House Bill 2099, as amended, would limit long-term storage credits and related CAP water storage during declared Colorado River shortages; water utilities, CAP, Phoenix, and other water interests raised concerns about flexibility, contracts, and the law of the river, while the sponsor said the bill was intended to address shortage conditions. The committee adopted the Griffin amendment and passed the bill 6-3. House Bill 2263, also amended, would restrict where Colorado River water diverted for replenishment in an AMA may be stored; CAP, tribal counsel, and AMWA opposed it as too restrictive and potentially excluding existing facilities, but the bill passed 6-3 after amendment. House Bill 2264, requiring the University of Arizona to promote Arizona history and the five Cs through the mining museum, passed unanimously. House Bill 2330 and House Bill 2341, both concerning certificates of environmental compatibility for energy projects, passed 6-3 after amendments expanding siting factors to include character of an area and known off-takers, respectively. House Bill 2918, which would end certain tax benefits for renewable energy and storage equipment after 2026, also passed 6-3. House Bill 2889, appropriating $1 million for uranium contamination monitoring and a statewide registry with tribal epidemiology partnerships, passed unanimously after discussion about moving the program to ADEQ and adjusting the reporting date. House Bill 2492, which would bar state and local urban growth boundaries that prevent new development, passed narrowly 4-3 with one present and two absent. House Bill 2782, focused on utility rate transparency and regulatory assets, passed 5-3 after a late amendment and a motion to suspend committee rules for amendment distribution. House Bill 4025, creating a study committee on gasoline and petroleum refineries, passed 6-3, and HCR 2057 supporting a geothermal permitting roadmap passed unanimously. HCR 2020, supporting housing developments outside designated service areas under certain groundwater conditions, passed 6-2. House Bill 4100, requiring notice to customers about potential water-rate increases if CAP water is lost, drew concerns about public confusion and negotiation impacts; testimony from municipal water users opposed the bill as too speculative and difficult to implement, and the transcript ends while that bill is still under discussion.
HI
Transcript Highlights:
- The ERS at present has about a $14.1 billion unfunded liability, and the monies to defray or to amortize
- <00:18:38.320>
defay <00:18:38.840>or <00:18:39.000>to <00:18:39.200>amortize - and the Monies to defay or to amortize and the Monies to defay or to amortize that<00:18:40.360>
- <00:19:01.280>
of <00:19:01.440>the the source for amortization of the the source for - amortization of the unfunded<00:19:02.120>
liability <00:19:02.799>as <00:19:02.960>