Transcript Highlights:

• So I trust you implicitly. Can you... ...Mr. Steinagle, so I trust you implicitly.
• definition of trust business.
• A trust company. Okay.
• other than their trust fees.
• be the manager of the trust.

Keywords: 985, all

Transcript Highlights:

• I'm happy to walk through some of the Water Trust Board activities.
• So the Water Trust Board was created back in 2001.
• It's held within the Finance Authority, and then there is a water trust fund that's managed as a trust
• And then 13, the Water Trust Board awards by county.
• Trust me, you might want to keep calculating then.

Transcript Highlights:

• I always trust in you.”
• But I can't get around the fact that we're talking about trusting our constituents, trusting the voters
• And that trust is a two-way street. They are trusting us.
• A trust fund that doesn't exist. A trust fund with no dedicated revenue source.
• Once we cut taxes, we did away with the trust fund, and I think that's good because it was a trust fund

Summary: The Senate took up Committee Substitute for Senate Joint Resolution 2F, a proposed constitutional amendment on property tax reform. The measure would increase the homestead exemption in stages, lower the assessment cap on non-homestead property from 10% to 5%, and limit county and municipal ad valorem tax revenues to specified uses such as public safety, education, infrastructure, natural resources, debt service, employee benefits, and certain administrative costs. Supporters, led by Senator Avila, argued the proposal would provide meaningful property tax relief and push local governments to rein in spending, while opponents warned it would shift costs to fees, reduce local flexibility, and threaten funding for core services. Several amendments were offered and rejected. Senator Sharief proposed an income-based circuit breaker for property tax relief; Senator Smith offered a sunset clause; and Senator Berman proposed revising the ballot statement to better match the amended proposal and remove outdated references. Each amendment failed on recorded votes. During questioning and debate, senators pressed Avila on the ballot language, the effect on local services, whether the legislature could later restrict local spending by statute, and whether renters would benefit. Avila said the ballot language was not his and repeatedly stated he was presenting the governor’s proposal, while also saying local governments would need to prioritize budgets and that future legislatures could address implementation details. After the amendment votes, the joint resolution was read a third time and moved into final debate. Supporters said the proposal would give homeowners relief and force fiscal discipline at the local level. Opponents, including Senators Nathan, Bracey Davis, Smith, Polsky, and Errington, argued the measure was rushed, lacked a completed fiscal analysis or replacement revenue, and could harm police, fire, libraries, parks, housing, and other local services. They also criticized the ballot summary as misleading, especially regarding the staged homestead exemption increase. The transcript ends during debate, before any final vote on the joint resolution itself.

Transcript Highlights:

• health trust wants to come. Yeah. Yeah. health trust wants to come. Yeah. Yeah.
• under assumption that Health Trust under assumption that Health Trust contacted<00:58:05.440>
• > become<01:06:13.440> a forces health trust to become a forces health trust to become
• heard for uh just now from health trust heard for uh just now from health trust and<01:40:58.719
• and the health trust and the health trust officials<01:58:16.239> to<01:58:16.400> come

Keywords: 928, house, all

Summary: The subcommittee continued work on Senate Bill 297 and a new amendment dealing with pooled risk management programs and whether they should be regulated under the insurance department. Lisa Duket, executive director of SchoolCare, testified at length that the draft language could allow co-mingling of public entity risk funds, could trigger producer-licensing requirements for staff who are not actually brokers, and may not fit public entity risk pools because they are not insurance companies. She also raised concerns about the March 1 reporting deadline, the proposed uniform accounting language, aggregate excess insurance, examination costs being charged to the program, and confidentiality provisions that she argued may conflict with right-to-know principles for public entities. She urged the committee to slow down and consider a study committee or more time for review, saying the regulated entities were not adequately involved in drafting the proposal. Chairman Hunt and the department responded that the bill is intended to create a licensure-based regulatory model, similar to other licensed industries, and that the pooled risk management program would be exempt from producer licensing while anyone else selling or negotiating such coverage would need a producer license. The department said failure to comply would be handled through an administrative licensing process, with denial or nonrenewal of a license and appeal through the department process. On the reporting deadline, the department said March 1 is a standard filing date used for financial analysis and that the filing can be the most recent annual report, regardless of fiscal year end. They also explained that the confidentiality language was taken from existing RSA 5B, that aggregate excess insurance was included as a solvency measure, and that the draft was intended to preserve familiar language while adapting it for pooled risk programs. The discussion did not include a final vote or formal action on the bill in the portion provided. The committee appeared to be compiling follow-up questions for the insurance department and considering whether additional revisions or a slower process would be needed before moving the bill forward.

Transcript Highlights:

• So we could lease out state trust land and bring that revenue to trust beneficiaries.
• highest and best use of trust land.
• If there are projects adjacent to those trust lands, it has implications for those trust lands and also
• the trust pore space.
• the trust poor space.

Keywords: 904, all

Summary: The committee’s interim work session focused first on carbon capture, utilization, and sequestration (CCUS), with presenters from industry, nonprofits, and state agencies describing Washington’s geologic potential, the role of basalt formations, and the difference between point-source capture, direct air capture, utilization, and permanent storage. Industry and project developers emphasized that Washington has major opportunities to reduce industrial emissions, create jobs, and support hard-to-electrify sectors, while state agencies explained current policy touchpoints in the Cap and Invest Program, emissions exemptions for permanently stored CO2, and the Clean Energy Transformation Act. Several presenters urged clearer statutory and regulatory pathways, including rules for pore space, subsurface rights, pipeline siting, and long-term liability; others cautioned that CCUS should be limited to real emissions reductions and not treated as a substitute for broader clean energy measures. Committee members asked about public comment opportunities, whether mineralized carbon would qualify for exemption under the Climate Commitment Act, the energy intensity of capture systems, aquifer protection, and liability if storage later proves problematic. Ecology said it is developing guidance through a public engagement process running through late June and that mineralized or otherwise permanently stored CO2 would likely qualify if it meets the 1,000-year permanence standard. DNR and outside experts also discussed trust lands, water rights, and the need for additional geophysical surveys and test wells. The panel did not take any votes or formal actions. The second half of the meeting turned to hazardous waste and extended producer responsibility. Ecology reviewed existing product stewardship programs for electronics, paint, batteries, and mercury lights, and described how moderate risk waste and household hazardous waste are currently collected through county facilities and events. Ecology said the electronics program is its best model, while the mercury lamp program is currently in transition after the prior stewardship organization exited and a new organization is seeking approval. Ecology recommended that future EPR programs have clear producer and product definitions, full producer funding, convenience standards, annual reporting, and strong enforcement authority. Local government witnesses from King County and Douglas County described rising costs, access barriers in rural areas, and the need for stable funding and flexible local delivery models. King County said it collected over 3 million pounds of hazardous products in 2025 and argued that EPR could reduce costs for ratepayers and improve equity. Douglas County stressed that rural residents are willing to participate when services are available, but travel distance and operating costs make access difficult. An industry representative supported narrowly scoped stewardship programs like PaintCare but warned that broad household hazardous waste EPR systems can become difficult to administer and may require legislative revisions if responsibilities are not clearly defined. No votes were taken on the hazardous waste topic either.

Transcript Highlights:

• We can't just assume we have the public's trust; we need to earn it.
• Only then can we expect the public to have confidence and trust in our decisions.
• just assume we have the Public's trust just assume we have the Public's trust we<00:44:38.559>
• and Trust in our decisions<00:46:41.359> trust<00:46:41.720> is<00:46:41.920> also<
• He's been a trusted and respected voice in state government.

Keywords: State of the Judiciary Address by Chief Justice Mark E. Recktenwald, 912, senate, all

Transcript Highlights:

• It was really created in the likeness of the Water Trust Board.
• Very similar to the Water Trust Board process.
• And that takes trust, right?
• Put it on par with then the PPRF and the Water Trust Board.
• In the near history, that's my Water Trust Board update.

Transcript Highlights:

• I always trust in you.
• But I can't get around the fact that we're talking about trusting our constituents, trusting the voters
• And that trust is a two-way street. They are trusting us.
• We might create a trust fund that doesn't exist, a trust fund with no dedicated revenue source, a trust
• Once we cut taxes, we did away with the trust fund, and I think that's good because it was a trust fund

Keywords: 998, house, all

Transcript Highlights:

• There are some things that are trusted.
• There are some things that are trusted.
• There are some things that are trusted.
• There are some things that are trusted.
• There are some things that are trusted.

Keywords: 1187, senate, all

Transcript Highlights:

• to the state housing trust fund in fiscal year 2025-2026.
• Representative Shove, so the money that we have, the $150 million for the state housing trust fund, that
• the proposed committee bill, dealing with the distribution of revenues to the State Transportation Trust
• That trust fund money was to go for, I think, some really important initiatives, such as redeveloping
• And so I am concerned about taking monies from the trust funds that we're taking them from... ...not

Summary: The Transportation and Economic Development Budget Subcommittee met to consider its recommended fiscal year 2025-2026 budget and a conforming committee bill. Chair Shove presented an $18.5 billion TED budget, describing it as about 8.5% below the prior year’s TED budget and emphasizing recurring savings, reductions to vacant positions over 90 days old, and a focus on core agency needs. He highlighted funding for economic development, Visit Florida, Space Florida, affordable housing programs, military affairs, libraries, cultural and historic preservation grants, emergency management, and a $14.1 billion transportation work program. The committee then took up PCB TED 2501, which changes documentary stamp tax distributions by redirecting certain revenues to general revenue. The bill would reinstate the general revenue service charge on the supplemental housing-related dock stamp revenue, eliminating a recurring $150 million source for the State Housing Trust Fund, and would also redirect about $466 million from the State Transportation Trust Fund to general revenue. Chair Shove said the measure has no net zero fiscal impact on state revenues and does not alter the longstanding standard dock stamp funding for affordable housing or eliminate FDOT programs, arguing the bill preserves flexibility for future legislatures. Public testimony was split. Representatives from the Florida Transportation Builders Association and the Florida Public Transportation Association warned that the transportation trust fund reduction would significantly affect FDOT’s five-year work program, especially the Strategic Intermodal System, and could reduce planned capacity improvements and transit funding. Several members also raised concerns about the housing-related changes, arguing the bill undercuts commitments made through the Live Local framework and could weaken affordable housing efforts. In closing, Chair Shove defended the bill as a necessary tightening of recurring spending and said existing affordable housing and transportation programs would still be funded through other appropriations. The committee approved PCB TED 2501 on a 10-2 vote and reported it favorably before adjourning.

Transcript Highlights:

• already exists and it's not about trust. already exists and it's not about trust.
• You don't have to believe in trust.
• , transparency doesn't build trust, transparency doesn't build trust, >> Mr.<00:36:47.359><
• trust because they can't all watch. trust because they can't all watch.
• The issue of trust is problematic.

Bills: SF0028, SF0030, SF0031, SF0032

Keywords: voting, elections, electronic voting systems, transparency, public testing, voter registration, qualified elector, residency requirements, voting rights, mortgage modification, priority, electronic signatures, real property, financial covenants, 911 services, emergency response, grant funding, next generation technology, government accountability, public safety

Transcript Highlights:

• I've served on the Water Trust Board three times.
• Madam Chair, the Water Trust Board and its capacity—tell me about it, your capacity.
• Madam Chair, Representative, just to be clear, I don't work for the Water Trust Board.
• Madam Chair, Representative, just to be clear, I don't work for the Water Trust Board.
• So last year, the legislature sent an additional $200 million to the Water Trust Board.

Keywords: 996, all

Transcript Highlights:

• Flood prevention, which is becoming a much larger part of our, uh, water trust board funding.
• And the Water Trust Board is rolling that out in two different ways.
• So that's one of the reasons the Water Trust Board has put its money there.
• It was created about 10 years after the Water Trust Board in the, and in the likeness of the Water Trust
• heard of a role for NMFA or the Water Trust Board in the, the, those funds.

Transcript Highlights:

• well so you'll have the education trust well so you'll have the education trust fund<01:22:00.880
• The banking and trust divisions.
• So both of the trust... Name a few.
• In addition to the 46 non-depository trust companies, how many of those 46 are family trust companies
• <03:03:24.960> fund um or additional education trust fund um or additional education trust

Keywords: 1191, senate, all

Transcript Highlights:

• Almighty God, we choose to trust you today. We trust that you see mighty where we see meager.
• We trust that “Am I not sending you?”
• Almighty God, we choose to trust you today.
• We trust that you see mighty where we God, we choose to trust you today.
• We trust that “Am I not sending you?”

Keywords: 1182, all

Summary: The Senate convened with prayer and the Pledge of Allegiance, then confirmed a quorum of 30 present and approved the Journal from January 27, 2026. Several senators used points of personal privilege to welcome guests, including Aliento students visiting for an education day, gun safety advocacy groups, constituents, a legal studies shadowing guest, a scientist from Tempe, and aging-services advocates. Senators also spoke in support of student walkouts protesting ICE activity and praised the students’ activism. The chamber then moved through the second reading calendar, listing a large number of bills and resolutions covering topics such as water policy, health care, public records, education, insurance, elections, housing, utilities, criminal justice, and appropriations. No floor debate or votes on those measures were recorded in the transcript, and committee reports were placed on the journal without being read. After a recess, the Senate took up first-reading introductions and referred additional bills to committees, including measures on public benefits eligibility, public safety counseling, missing kidnapped children reporting, solar energy, elections, firearms instruction in schools, HOA and condominium issues, housing restrictions, water quality testing, and cargo theft. The Health and Human Services Committee was announced to meet Thursday at 10:30 a.m. in Senate Hearing Room 2, and the Senate adjourned until Thursday, January 29, 2026, at 10 a.m.

Transcript Highlights:

• this legislation makes clarifying changes to the Florida Fish and Wildlife Conservation Commission trust
• Changes include authorizing the FWC to invest and reinvest the administrative trust fund and hold over
• With the bill allowing this trust fund's dollars to support FWC law enforcement, could you elaborate
• And so this allows them to use those dollars that are in the non-game Wildlife Trust Fund to oversee
• Fund and the Florida Panther Research and Management Trust Fund.

Summary: The Agriculture and Natural Resources Budget Subcommittee met to consider three bills before moving to its budget presentation. HB 843, relating to Fish and Wildlife Conservation Commission trust funds, was explained as a set of clarifying changes to improve budget flexibility, including use of certain trust funds for law enforcement and other conservation-related purposes. After questions about whether the bill would shift resources away from conservation, an amendment removed the sections dealing with the Administrative Trust Fund and the Florida Panther Research and Management Trust Fund. The amended bill received support in public testimony and was reported favorably. The committee then heard HB 295, which directs the Department of Environmental Protection to develop a comprehensive waste reduction and recycling plan by 2026 based on prior recycling recommendations. Supporters, including students involved in an “Ought to Be a Law” program and representatives from the waste and recycling industry, said the bill would create a roadmap for improving recycling and waste diversion. An opponent argued the state should instead enact more direct statutory changes on issues such as food waste, yard waste, and manure handling rather than study them further. Members praised the student participation and the bill passed. HB 339, creating a temporary alternative credentialing pathway for surveyors and mappers, was presented as a response to workforce shortages and an aging profession. The sponsor said the bill would help meet demand while preserving oversight, and an amendment added a four-year work requirement and adjusted renewal provisions. After brief supportive debate, the amended bill passed. The subcommittee then received its Fiscal Year 2025-26 budget proposal, which emphasized spending reductions, vacant-position cuts, and a smaller overall budget than the current year while still funding water resources, Everglades restoration, resiliency, land management, cleanup programs, agriculture facilities, and other projects. Members closed by thanking the chair for an inclusive budget process, and the meeting adjourned after a motion to rise.

Transcript Highlights:

• I trust they're supposed to have trust in the trust, but I don't trust them at all.
• I trust they're supposed to have trust in the trust, but I don't trust them at all.
• I trust they're supposed to have trust in the trust, but I don't trust them at all.
• I trust they're supposed to have trust in the trust, but I don't trust them at all.
• Trust the HHL. I trust they're supposed to have trust in the trust, but I don't trust them at all.

Keywords: 912, senate, all

Summary: The joint Housing and Public Safety/Water and Land hearing first took up HB 1096, which would repeal statutory tenant-selection preferences for disabled veterans and spouses of deceased veterans in state low-income housing. HPHA testified in support, saying the change was a housekeeping measure because the same preferences already exist in administrative rules and could be adjusted later to align with other local preferences, while also noting the federal VASH program provides stronger veteran housing support. Several members questioned why the preference should be removed at all, emphasizing that veterans have long been underserved and asking for a stronger justification; the committees ultimately deferred HB 1096. The later Housing/Hawaiian Affairs agenda heard HB 606 HD1, a measure to extend Act 279 funding and related exemptions for the Department of Hawaiian Home Lands. Supporters argued the bill would give DHHL more time to use the $600 million appropriation to acquire land, work with developers, and address a wait list of about 29,000 applicants, while also helping restore Hawaiian communities and reduce the Hawaiian diaspora. Opponents focused on accountability and oversight, saying DHHL needs clearer plans, measurable goals, and stronger safeguards before receiving more money, and warning that prior spending and strategic-plan changes had reduced the number of applicants served. The committee also heard testimony that the bill would help DHHL fulfill long-standing obligations to Native Hawaiians and that the housing need affects the broader state, not only Hawaiian Home Lands beneficiaries.

Transcript Highlights:

• We have some trust in custo custody of.
• talking about trust this type of trust talking about trust this type of trust trust<00:26:05.520
• the education trust fund. Um, let me the education trust fund.
• The uh, in the RSA that uh works with uh cemetery trusts and trustees of trust funds and library trusts
• cemetery trusts and trustes of trust cemetery trusts and trustes of trust funds<02:04:51.840>

Keywords: 928, house, all

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

Transcript Highlights:

• <00:08:12.639> If Trust pass and two courts upheld it.
• If Trust pass and two courts upheld it.
• So trustful is in two they opt in.
• Yes, >> Trustful is required as this law.
• <00:16:54.320> We "Trust area or two counties or what?"

Keywords: 1136, house, all

Transcript Highlights:

• The public trust is not friends.
• <00:20:22.799> What restore trust in the Senate. What restore trust in the Senate.
• ,<00:27:24.640> or behavior, betrays the public trust, or behavior, betrays the public trust
• behavior that betrays the public trust behavior that betrays the public trust or<01:21:25.760>
• . trust. trust.

Keywords: 1187, senate, all