Video & Transcript : 'annuity account' :

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WA

Washington 2025-2026 Regular Session

Senate Ways & Means Jan 26th, 2026 at 04:00 pm

Ways & Means

Transcript Highlights:
  • The aeronautics account is administered by the Department of Transportation.
  • Under current law, such revenues are deposited into several dedicated accounts.
  • and the Pollution Liability Insurance Trust Account to the aeronautics account in FY 27, and an estimated
  • The bill would move an estimated $120,000 from MTCA accounts to the new account in FY 27, an estimated
  • SB 5898 would distribute the revenue to the aeronautics account, so MTCA accounts would receive less
Committee: Senate Ways & Means
MO

Missouri 2026 Regular Session

Veterans and Armed Forces Feb 17th, 2026

Veterans and Armed Forces

Transcript Highlights:
  • You can own and control your account. You get to decide how your funds are used.
  • You can own and control your account. You get to decide how your funds are used.
  • And with a MoABLE account, that does not apply.
  • You keep it on hand and now you’re eligible for a MoABLE account.
  • What are they like the fiduciary holders of the accounts?
Summary: The Committee on Veterans and Armed Forces met with a quorum and first took up House Bill 2771. Members adopted a House Committee amendment, then rolled it into a new substitute combining HB 2771 with HB 1993. The House Committee substitute for HB 2771 and HB 1993 was then voted do pass by a roll call of 21 ayes and 0 nos. The committee also announced that another bill on the agenda would be held over until the following week at the request of Representative Roberts, who is working with the Missouri Veterans Commission and its director. No action was taken on that measure during this meeting. The remainder of the meeting was a presentation on the MoABLE program by State Treasurer Vivek Malik and coordinator Yvonne Riedman. They explained that, under a federal change effective January 1, 2026, eligibility now extends to people whose disability began before age 46 rather than 26. They said the program helps disabled Missourians, including veterans, save and invest without affecting certain means-tested benefits, and that account funds can be used for qualified expenses such as housing, health care, education, transportation, and assistive technology. Committee members asked about veteran eligibility, asset limits, work status, account balances, and outreach efforts; Malik said enrollment has grown from under 2,000 to nearly 6,000 and that the office is promoting the program through veteran organizations and upcoming public service announcements.
CA

California 2025-2026 Regular Session

Senate Governmental Organization Committee Apr 14th, 2026

Governmental Organization

Transcript Highlights:
  • This lack of accountability has real consequences.
  • And the last part is accountability.
  • And the last part is accountability.
  • It also takes into account the positive impact.
  • But I definitely have a lot of ideas of, again, accountability and how do we implement accountability
WA

Washington 2025-2026 Regular Session

House State Government & Tribal Relations Feb 24th, 2026 at 01:30 pm

State Government & Tribal Relations

Transcript Highlights:
  • Preservation Committee account.
  • account.
  • And without accountability, there is no deterrence.
  • And without accountability, there is no deterrence.
  • Accountability is not partisan. It is American. Thank you.
Bills: SB5000 , SB5325 , SB6044 , SB6313 , SB6084 , SB6137
WA

Washington 2025-2026 Regular Session

House Transportation Feb 25th, 2026

Transcript Highlights:
  • It corrects an account reference, it corrects the amount for the bond highway bond retirement account
  • establishes the Preserve Washington Account in the motor vehicle fund as an appropriated account to
  • Crossings Account and the State Treasury to define the authorized uses of those accounts and allow those
  • accounts to retain their earnings.
  • drawn from that account, from the money in those accounts, the interest accrues to those particular
Summary: The Transportation Committee met on February 25 for executive action on three bills. House Bill 2306, a supplemental transportation appropriations bill for the 2025-27 biennium, was amended and advanced. The committee adopted a technical corrections amendment, a Fey amendment shifting King County Metro electrification funding from the South Annex Base project to the Central Campus Electrification Project, and rejected an Entenman amendment that would have moved $11 million for the 220 Corridor completion project from the 2027-29 biennium into the current biennium. Members discussed ferry vessel planning, maintenance and preservation, State Patrol staffing, and Climate Commitment Act investments before approving the bill 28-0 with one excused. House Bill 2711, dealing with transportation resources and tax changes, was also amended and passed. The committee adopted a technical amendment, rejected an Orcutt amendment that would have restored trade-in deductions for the luxury vehicle and recreational vessel taxes, adopted a Paul amendment temporarily exempting motorhomes from the luxury vehicle tax in late 2026, and adopted a Fey amendment directing interest earned on two transportation accounts to remain in those accounts. The bill’s substitute would repeal the luxury aircraft tax, change treatment of the luxury vehicle and vessel taxes, delay tow truck reimbursement provisions, and create a Preserve Washington Account. The committee approved the bill 27-1, with Representative Orcutt voting no without recommendation. Engrossed Substitute Senate Bill 5203, which would direct WSDOT and Fish and Wildlife to develop an integrated wildlife habitat connectivity strategy and create wildlife corridor and crossings accounts, was amended and passed. The committee adopted Hall’s amendment requiring consultation with landowners, agricultural producers, and community members before construction of wildlife crossings. Supporters said the bill would improve road safety and conservation and help position the state for federal and private funding, while opponents argued it could create expectations for new crossings without identified resources. The bill advanced 16-12, with several members voting no or no without recommendation. The chair then outlined upcoming committee meetings, possible floor deadlines for the budget bills, and noted there would be no caucuses that day.
FL

Florida 2025 Regular Session

December 2, 2025 - 01:00 PM

Transcript Highlights:
  • I I maybe could help me the Florida virtual school accountability.
  • But there was a lot of accountability.
  • When you came with the last time the accountability becomes a concern.
  • You raise money, you get a bank account. So there's a PTA bag account.
  • Is that accountability, please? It is right now.
NH

New Hampshire 2025 Regular Session

Senate Energy and Natural Resources (01/28/2025)

Energy and Natural Resources

Transcript Highlights:
  • is a dedicated account, so I think that's specific to this account, the non-game account, not any federal
  • is a dedicated account, so I think that's specific to this account, the non-game account, not any federal
  • </c><01:57:26.320><c> so</c><01:57:26.480><c> I</c> account is a is a dedicated account so I account
  • account think that's specific to this account the<01:57:29.000><c> non-game</c><01:57:29.520><c> account
  • account.
WA
Transcript Highlights:
  • The largest transfer from the general fund to another account is to the disaster response...
  • From the general fund to another account is to the disaster response account at just over $82 million
  • There's a transfer from the public works assistance accounts to general fund state.
  • and the operating fees accounts are assumed.
  • There is a one-time appropriation of building account funds into the operating fees account that's in
Summary: The conference committee on Engrossed Substitute Senate Bill 5998 received a detailed briefing from House and Senate budget coordinators on the operating budget conference report. They walked through comparison documents showing the Senate-passed budget, House-passed budget, and the conference proposal, including statewide totals, agency-level changes, revenue assumptions, transfers, and outlook impacts. The proposal uses the February 2026 ERFC forecast, includes an $880 million transfer from the Budget Stabilization Account to the general fund, and reflects various revenue-related bills and prior-period adjustment assumptions. The coordinators highlighted major spending and policy changes across several areas, including Working Families Tax Credit expansion, local government fiscal health funding, child care attendance policy changes, behavioral health facility and staffing adjustments, long-term care support for certain non-citizens affected by federal changes, health care and public health responses to H.R. 1, K-12 changes such as free school meals contingent on legislation, Running Start and transportation depreciation adjustments, higher education administrative reductions, corrections staffing and bed changes, and natural resources funding including wildfire response and low-income energy assistance. They said the conference report results in $80.2 billion in near general fund spending for 2025-27, with projected ending fund balances of $231 million in 2025-27 and $563 million in 2027-29, though fiscal year 2028 shows a negative near general fund ending balance. After the briefing, Senator Robinson moved to adopt the conference report and pass the bill, and the motion was seconded. Supporters said the budget reflected a compromise between House and Senate proposals and protected core services, while opponents criticized it as overly reliant on optimistic revenue assumptions, the rainy day fund transfer, and reductions in K-12 and other areas. The committee then voted 4-2 to recommend the conference report to the legislature, with Representatives Gregerson and Ormsby and Senators Robinson and Stanford in support, and Representative Couture and Senator Gildon opposed.
WA

Washington 2025-2026 Regular Session

House Transportation Feb 25th, 2026 at 04:00 pm

Transportation

Transcript Highlights:
  • It corrects an account reference, it corrects the amount for the highway bond retirement account appropriation
  • and the Move Ahead Washington account. ...between the Public Works Assistance Account and the Move Ahead
  • It establishes the Preserve Washington Account in the motor vehicle fund as an appropriated account to
  • It also creates the Washington Wildlife Corridor Account and the Washington Wildlife Crossings Account
  • accounts to retain their earnings.
Bills: HB2306 , HB2711
WA

Washington 2025-2026 Regular Session

House Appropriations Feb 18th, 2026 at 04:00 pm

Appropriations

Transcript Highlights:
  • Both the surcharge and the account are set to expire on June 30, 2027.
  • The sunset provisions for the surcharge and the account are removed.
  • The account is not appropriated but is subject to allotment procedures, and any funds in the account
  • All receipts from gifts, grants, or donations for the account must be deposited into the account, and
  • This bill provides a straightforward and accountable solution by creating a dedicated account.
Bills: SB5109 , SB5835 , SB6065
NH

New Hampshire 2026 Regular Session

Senate Education (02/10/2026)

Education

Transcript Highlights:
  • </c><00:10:36.880><c> in</c> Freedom Account Program established in Freedom Account Program established
  • Accountability without transparency is accountability with no teeth.
  • Accountability without transparency is Accountability without transparency is accountability<00:17:19.919
  • </c><00:17:21.439><c> The</c> accountability with no teeth. The accountability with no teeth.
  • be transparent and accountable.
Committee: Senate Education
CA

California 2025-2026 Regular Session

Assembly Privacy and Consumer Protection Committee Mar 17th, 2026

Privacy and Consumer Protection

Transcript Highlights:
  • They link their account to their child's account.
  • They link their account to their child's account.
  • That you estimated on your account is not the age of the person using that account.
  • the account has been in place?
  • Streamlined and accountability.
AR

Arkansas 2026 Regular Session

LEGISLATIVE JOINT AUDITING-COUNTIES AND MUNICIPALITIES Feb 12th, 2026

LEGISLATIVE JOINT AUDITING-COUNTIES AND MUNICIPALITIES

Transcript Highlights:
  • accounting law.
  • Bank accounts were not reconciled monthly.
  • Bank accounts were not reconciled for '23 and '22.
  • The remaining portions were paid from the city accounts.
  • In our general fund, we have two CDs, we have a savings account, and we have a checking account.
Summary: The committee began with approval of the prior meeting minutes and then received updates on delinquent private water and sewer reports. Staff reported that 19 of 43 original entities for the 2022 reporting year had had turnback reinstated, while 24 remained in escrow; for the 2023 reporting year, 59 of 64 entities had filed, leaving five still outstanding. The committee also heard that Adona had come into substantial compliance with municipal accounting law, and it voted to file that report and discontinue withholding turnback. It then voted to start the 60-day clock and file the report for Gum Springs after hearing repeated findings involving budgeting, disbursements, payroll, and Act 833 funds, with city officials saying they had begun correcting records and were seeking help from the Municipal League and a city attorney. Fargo was deferred because the mayor was absent due to illness. The committee next considered Denning, where staff described repeated and serious accounting problems over 2022-2024, including unauthorized payments, missing documentation, weak payroll controls, and improper handling of funds. The mayor and recorder-treasurer said prior records were disorganized and that they were now working with an attorney, CPA help, and new software; the committee voted to start the 60-day clock and file the report. Green Forest’s report, involving a fixed-asset listing issue after the mayor’s death, was filed. Several private water and sewer reports were either filed or deferred depending on whether responses had been received, and the committee announced its March meeting would be held in Room 149 because of renovations. The committee then reviewed a series of referred reports involving alleged financial irregularities. In Elaine, the fire chief’s questionable purchases were referred and filed. In Strong, staff described undeposited garbage-bag receipts, improper payments for private dumpster service and other expenditures, payroll tax penalties, and deficit fund balances; the mayor said controls had been improved, but the committee deferred the report to March. The Faulkner County Fair Association report found undocumented cash withdrawals, questionable disbursements, and inadequately documented cash payments to a carnival vendor; the committee filed it. Brooklyn’s report involved a fraudulent direct-deposit change, and Mineral Springs’ report involved transfers from the cemetery fund, employee loans, overpayments, and travel reimbursement issues; both were filed. Additional reports included Rondo, where the recorder-treasurer explained missing computers and fuel purchases tied to personal vehicles, and the committee filed the report; Waldo, where the mayor had been overpaid due to extra biweekly payments, which was filed; Columbia County, where a floodplain management contract lacked an authorizing ordinance, which was filed; and several private water-system reports, some filed and others deferred for lack of responses. Carlisle’s report showed large but improving misstatements in financial records, and the committee filed it after hearing that new software and training had reduced prior problems. Caddo Valley’s report prompted a lengthy discussion about CDs and interest recognition; staff explained that principal balances should be reflected as city assets and interest should be recorded when earned or reported by the bank, and the report was filed. Prairie County’s budget overrun and road-fund issues were discussed at length, with the judge explaining equipment and weather-related costs and staff clarifying the distinction between road funds and locally approved sales-tax uses; the report was filed. Finally, the committee deferred a Cross County Rural Water Association matter after learning it had not filed with Legislative Audit since 2002-2003 despite receiving significant state funding, and members expressed concern about the long gap in filings.
KY
Transcript Highlights:
  • </c><00:10:18.279><c> transparency</c><00:10:19.279><c> and</c> fairness accountability transparency
  • and fairness accountability transparency and consistency<00:10:20.440><c> across</c><00:10:20.800><c>
  • <00:15:01.680><c> accountability</c><00:15:02.279><c> and</c><00:15:02.839><c> transparency</c> account
  • accountability and transparency account accountability and transparency this<00:15:04.040><c> legislation
  • </c><00:15:14.720><c> ensure</c> transparency and accountability ensure transparency and accountability
Summary: The Senate State and Local Government Committee met and first took up Senate Bill 193, described as a simple measure to restore a wallet card for jailers to carry when outside the jail. The chair noted the fiscal impact was essentially zero, there were no questions, and the committee voted to pass the bill 9-0. The committee then heard Senate Bill 9, a proposal focused on the Teachers’ Retirement System (TRS). The sponsor argued TRS remains underfunded despite large state contributions, cited rising unfunded liability and negative cash flow, and said the bill is intended to standardize and limit what sick leave, personal leave, and annual leave can count toward retirement calculations. The bill would generally cap TRS retirement credit at 10 sick days and 2 personal days per year, prevent annual leave from being rolled into sick leave, require more uniform reporting and oversight from participating districts and agencies, and shift costs to districts that offer benefits beyond TRS limits. The sponsor also said the bill would add 30 maternity leave days, allow voluntary supplemental contributions for Tier Four teachers, and include a floor amendment directing the state auditor to audit TRS and report on agency leave policies. During the presentation, the sponsor emphasized fairness, transparency, and accountability, and used a hypothetical high-salary administrator to illustrate how leave payouts can increase retirement benefits and create additional unfunded liability. Senator Mills thanked the sponsor and said members had been working to understand the issue, but no committee action on Senate Bill 9 was completed in the portion provided.
WA

Washington 2025-2026 Regular Session

Senate Ways & Means Feb 26th, 2026

Transcript Highlights:
  • to the state taxable bond account.
  • to the state taxable bond account.
  • of one account.
  • of one account.
  • funding that were in that account are moved to the CCA capital account.
Summary: The committee took up executive action on the capital budget, Proposed Substitute Senate Bill 6003, and several policy bills. Staff described amendments to the capital budget that shifted funding among behavioral health, local/community projects, irrigation projects, and juvenile rehabilitation capacity, plus a technical fix to the water pollution control revolving program. The committee adopted Senator Dozier’s budget-neutral amendment and a technical amendment, then advanced the amended capital budget to the Rules Committee. It also moved House Bills 2441, 2124, 2471, 2133, 2610, and 2338 forward with due-pass recommendations, and advanced Engrossed Second Substitute House Bill 2251 on Climate Commitment Act accounts to the Transportation Committee after adopting two amendments and withdrawing three others. A major public hearing focused on Engrossed Second Substitute House Bill 2034, which would terminate and restate LEOFF Plan 1 in 2029, transfer surplus assets, and direct portions to the Climate Commitment Account and the pension funding stabilization account. Staff said the plan is currently about 160% funded and explained the bill’s IRS-review process, statute of limitations, and estimated implementation costs. Testimony was sharply divided: some retirees, firefighters, counties, and cities opposed the bill as an improper use of pension assets and urged benefit enhancements or protection of local medical obligations, while others supported using the surplus for broader public purposes. No vote was taken on the bill during the hearing. The committee also heard House Bill 2179 on PERS coverage for certain port workers, with ports and the Washington Public Ports Association supporting clarification for railroad employees covered by the federal railroad retirement system. House Bill 1069, allowing Department of Corrections employees to bargain over supplemental retirement benefits, drew support from Teamsters and corrections workers, while House Bill 2091, expanding employee-information sharing with bargaining representatives, drew union support and privacy objections from Washington Policy Center. Finally, Second Engrossed Substitute House Bill 1210 on targeted urban area tax preferences drew support from labor, local governments, and project proponents, and opposition from contractor groups and environmental advocates over project labor agreement requirements and nuclear-related concerns; Engrossed Substitute House Bill 1408 on community preservation and development authorities and Engrossed Second Substitute House Bill 1974 on land bank authorities for affordable housing were also heard, with both receiving supportive testimony from community and housing advocates.
WA

Washington 2025-2026 Regular Session

Senate Human Services Jan 27th, 2026

Transcript Highlights:
  • Victim’s Compensation Account.
  • and to operate the account within appropriations.
  • victim's compensation account.
  • and to operate the account within appropriations.
  • Please vote yes; the state auditor should look at this account.
Summary: The Senate Human Services Committee heard public testimony on Senate Bill 5977, which would require DCYF to publish child near-fatality review reports within 180 days and post them publicly, with confidential information redacted as allowed by law. Senator Nikki Torres said the bill is intended to improve transparency, accountability, and child protection. There was no public testimony on the bill, and the hearing was closed. The committee then heard Senate Bill 6184, an Office of Homeless Youth request bill sponsored by the chair. The bill makes technical and policy updates to OHY programs, including replacing the term “street youth” with “unaccompanied homeless youth,” allowing certain flexible funds to go directly to youth or vendors, renaming and making permanent the H-Sync program, expanding eligibility and housing options in the Independent Youth Housing Program, and clarifying shelter and reporting provisions. Testifiers from Commerce, advocates, school support organizations, and a youth advocate all supported the bill, emphasizing that the changes would improve access, consistency, and housing stability for unhoused youth. The hearing was then closed. The committee moved into executive session on seven bills. SB 5681, concerning intellectual and developmental disability services at age 20, had Amendment A1 fail and the proposed substitute was adopted and sent to Ways and Means. SB 5917, regarding abortion medication in DOC, saw one amendment adopted and multiple Christian amendments rejected before the bill was sent to Rules. SB 5942, renaming the DCYF Oversight Board as the DCYF Accountability Board and revising its duties, had only Amendment C16 adopted; the amended bill passed to Rules. SB 6024, on duplicative audits for community residential providers, passed without amendment. SB 6036, concerning adult family homes and foster care licensees, had Amendment D1 adopted and the bill passed to Rules. SB 6085, on the DOC institutional welfare account, had Amendment E1 adopted and the bill was sent to Ways and Means after several other amendments failed. In each case, the committee voted to advance the bill after considering amendments, with most of the proposed changes from Senator Christian failing except where noted.
MN
Transcript Highlights:
  • merely shown as a comparison and to illustrate how the carry forward in the premium security plan account
  • Line three is a federal revenue amount that would be estimated to be deposited into the account.
  • </c><00:02:56.800><c> basically</c> premium security plan account basically premium security plan account
  • </c><00:07:59.360><c> for</c> the premium security plan account for the premium security plan account
  • </c><00:09:23.839><c> to</c> premium security plan account to premium security plan account to minnesota
Summary: The committee reviewed a side-by-side comparison and fiscal analysis of Senate File 3472, a reinsurance-related bill affecting the premium security plan account, MinnesotaCare, and related health care funding. Staff explained the Senate and House versions of the bill, including how the Senate proposal extends reinsurance for five years and uses a projected $1.087 billion general fund transfer to fully fund claims and administrative costs through fiscal year 2028, while the House version conditions continuation of the program on federal approval of the state innovation waiver. The fiscal presentation also covered appropriations for MNsure, a mental health parity and substance abuse office, and House provisions for delivery reform and a public option study, along with a House transfer of $110.674 million to the health care access fund. Members debated the budget horizon and whether costs should be forecast beyond fiscal year 2025. Representative Schultz argued that the spreadsheet understated the broader fiscal impact of reinsurance and warned about future funding cliffs for MinnesotaCare and other health programs, while other members and staff noted that the state’s standard forecast ends in fiscal year 2025 and that the fiscal note only estimated reinsurance costs through the five-year extension. Supporters said reinsurance was the best available option to reduce premium increases, especially in rural areas, and some pointed to a public option as a longer-term alternative. Opponents argued reinsurance does not address underlying health care costs or deductibles and urged consideration of other reforms. House Research then walked through the policy differences. House-only provisions would change Minnesota Comprehensive Health Association board membership, require platinum plans in certain markets, expand postnatal coverage, require a prescription drug benefit in some plans, set a minimum actuarial value for MinnesotaCare, create an Office of Mental Health Parity and Substance Abuse Accountability, and direct reports on delivery reform and a public option. The shared provisions would extend the premium security program to 2027 and delay the transfer of remaining premium security plan funds to the health care access fund until 2029, with the House language again contingent on federal waiver approval. No formal vote was taken in the excerpt; the chair closed discussion after hearing no further questions and indicated members would be contacted about next steps.
MN

Minnesota 2025-2026 Regular Session

Committee on State and Local Government - 03/14/25

State and Local Government

Transcript Highlights:
  • </c><00:16:24.480><c> accounting</c><00:16:25.000><c> shortage</c><00:16:25.759><c> that</c> public account
  • accounting shortage that public account accounting shortage that the<00:16:26.079><c> state</c><00:16
  • I've also been an accounting professor up at the College of St. Benedict and St.
  • Demand for accountants continues to rise due to complexity, but the supply of accountants is declining
  • The demand for accountants continues to rise due to complexity, but the supply of accountants is declining
WA

Washington 2025-2026 Regular Session

House Appropriations Feb 18th, 2026

Transcript Highlights:
  • The sunset provisions for the surcharge and the account are removed.
  • The sunset provisions for the surcharge and the account are removed.
  • The account is not appropriated but is subject to allotment procedures, and any funds in the account
  • All receipts from gifts, grants, or donations for the account must be deposited into the account, and
  • This bill provides a straightforward and accountable solution by creating a dedicated account.
Summary: The Appropriations Committee held a public hearing on several bills. Senate Bill 5109 would raise the mortgage lending fraud prosecution surcharge on recorded deeds of trust from $1 to $5 and remove the 2027 sunset on the surcharge and account. Committee staff said the change would generate additional revenue for county auditors and the Department of Financial Institutions to contract with prosecutors; King County and the Washington Association of Prosecuting Attorneys testified in strong support, saying the current funding has eroded and the bill would better sustain mortgage fraud prosecutions. A question was raised about whether other budget funding could serve a similar purpose, but supporters said the dedicated surcharge/account structure was the best fit. No vote was taken. The committee also heard Engrossed Substitute Senate Bill 5500, which would require DCYF’s biennial child care report to include a current cost-of-quality study in addition to the market rate survey. Testifiers from Child Care Aware of Washington, child care providers, and the early education design team supported the bill, saying the market rate survey alone does not capture the true cost of providing quality care. Staff said the bill would have a small fiscal impact for DCYF. The committee then heard Substitute Senate Bill 5834 and Senate Bill 5835, both Department of Retirement Systems request bills: one would broaden use of pension fund interest earnings for fund-protection expenses beyond the 2025-27 biennium, and the other would raise the threshold for lump-sum payment of small monthly benefits from $50 to $250. Neither bill drew public testimony, and staff said the fiscal impacts were minimal. Later, the committee heard Engrossed Senate Bill 5872, which would create the Pre-K Promise Account for ECAP funding and allow gifts, grants, and donations to be used solely to expand the program. Supporters including rural health coalitions, the Balmer Group, and Snohomish County said the account would help expand access to early learning, especially in child care deserts; DCYF estimated staffing costs to administer the account. Substitute Senate Bill 6007 would direct WSIPP to study DCYF’s child welfare screening tools and their effects on outcomes, with a reported cost of about $234,000; there was no public testimony. Engrossed Substitute Senate Bill 6019 would clarify home care agency rate-setting and require that no more than 20% of Medicaid home care rates go to administrative costs, with DSHS saying there would be no fiscal impact. Labor and caregiver witnesses supported it as a parity and accountability measure. Finally, Senate Bill 6065 would allow school districts in binding conditions or enhanced financial oversight to use transportation vehicle funds more flexibly, including temporary loans or permanent transfers with approval; a rural education representative supported the bill, and staff said OSPI would incur only modest administrative costs. The committee took no final action and adjourned after the hearings.
HI

Hawaii 2025 Regular Session

CPC Public Hearing - Wed Feb 19, 2025 @ 2:00 PM HST

Consumer Protection & Commerce

Transcript Highlights:
  • </c><00:26:54.520><c> in</c> Association of public accountants in Association of public accountants in
  • Thank you. is in the accounting uh the public is in the accounting uh the public accounting<00:27:20.840
  • </c><00:32:05.880><c> accountants</c><00:32:06.880><c> the</c><00:32:07.080><c> problem</c> become account
  • accountants the problem become account accountants the problem is<00:32:07.519><c> they</c><00:32:07.639
  • West, Executive Officer for the Board of Accountancy.
Summary: The committee heard testimony on several measures, beginning with HB 117 on condominiums. Testifiers were split: reserve-study professionals and the Community Associations Institute opposed tying reserve requirements to assessed value, arguing reserve studies should be based on actual components and costs and that the bill could lead to over- or under-collection. Condominium owners and advocates supported the bill, saying some associations are not completing reserve studies or are failing to provide audits and adequate funding, and urging stronger fiduciary accountability. A member later asked about compliance rates, and a witness said he was not aware of any association that had failed to do a reserve study, estimating compliance at well over 95 percent, likely close to 100 percent. The committee then took testimony on HB 544 on pet insurance, which drew support from the Attorney General’s office and the Insurance Division with comments about contract-impairment issues, as well as support from the North American Pet Health Insurance Association and the Hawaiian Humane Society. Testifiers said the bill would help consumers understand and use pet insurance as veterinary costs rise. HB 983 on certified public accountants also drew mostly support, with the Hawaii Society of CPAs and the Hawaii Association of Public Accountants offering conditional support and proposed amendments. Public accountants said the bill could help address a shortage of CPAs and expand pathways into the profession, while some speakers cautioned that the language needed clarification and that public accounting experience should be tied to CPA-firm work. An instructor from UH West Oahu said students cannot afford the extra credits currently required and would benefit from a more accessible pathway. The committee also heard HB 1050 on Title 24, with DCCA supporting the measure and no opposition or questions. The discussion then moved to HB 256 HD1 on environmental protection and incinerator emissions. The Department of Health offered comments, while Energy Justice Network and Climate Protectors Hawaii supported strengthening the bill, warning that it could weaken existing standards at H-Power unless amended to preserve stricter state rules and require modern pollution controls. A member questioned the Department of Health about H-Power’s permits and whether additional controls would be required if federal rules change; the department said permits are reviewed every five years and that the facility currently meets state and federal requirements, while EPA rules remain in a public comment process. Finally, the committee heard HB 1051 HD1 on energy efficiency portfolio standards, with support from the Consumer Advocate, State Energy Office, Climate Change Mitigation and Adaptation Commission, Public Utilities Commission, and Hawaii Energy. The committee then heard HB 350 HD1 on energy, where the State Energy Office supported the bill, Solar Ray Corporation offered conditional comments urging any new mandated water-heating technology to meet the same efficiency level as existing solar thermal systems, and the Kauai Climate Action Coalition testified in support. No votes or final committee actions were taken during the portion of the meeting provided.