Video & Transcript Research : 'House Resolution 40'

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KY
Transcript Highlights:
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Summary: The committee first approved the minutes from its January 27 meeting and then took up House Bill 694, which would create a default rule for the Teachers’ Retirement System health insurance trust fund once it reaches 100% funding, currently anticipated around 2027. The bill would redirect two funding streams now going to the health trust—state payments on behalf of local districts and other employer contributions—into TRS pension benefits if the health fund reaches and maintains full funding. The sponsor said this would add about $154 million annually to TRS pensions and would only serve as a default if no other plan is adopted later. Members asked whether the bill would shift the unfunded liability to teachers or affect employee contributions. The sponsor and staff said it would not shift liability to teachers and would not change the employee contribution; only the employer-side payments would be redirected. Several members asked about the meaning of actuarial 100% funding, whether the fund could fall back below 100%, and whether employee contributions might be reduced in the future. The sponsor said the bill is based on actuarial projections, would revert the money back to the health trust if funding fell below 100%, and does not prevent future legislative or board action. Senator Higdon and others spoke in support of discussing the issue, noting the 2010 shared-responsibility changes and the need for a default approach as full funding is reached. The committee then heard Senate Bill 183, which would amend Kentucky law governing proxy advisers used by retirement systems. The sponsor said the bill would require proxy advisers, when handling shareholder-sponsored proposals, to act solely in the interest of retirement system members and beneficiaries and to provide an economic analysis when voting against a company board’s recommendation. He argued the measure is aimed at proxy advisers such as ISS and Glass Lewis, which he said often advance ESG-related proposals not tied to shareholder value. A guest from APCIA said the bill is meant to distinguish proxy advisers from investment managers and to strengthen the 2023 law by requiring a clearer economic justification for votes that depart from board recommendations. Members asked how proxy advisers differ from other financial advisers, whether Kentucky uses them, and whether the bill would prevent pension funds from investing in companies with ESG factors if those investments are profitable. The sponsor and guest said the bill would not bar such investments; it is intended to regulate proxy voting recommendations, not investment decisions. They described the bill as a proactive measure to reinforce fiduciary responsibility and limit outside proxy influence on pension voting. No final vote on either bill was taken in the portion of the meeting provided.
KY

Kentucky 2026 Regular Session

Senate Standing Committee on State and Local Government. (1-28-26)

State & Local Government

Summary: The Senate State and Local Government Committee met and first took up Senate Bill 68, sponsored by Senator Maize Bledsoe. The bill would give the Kentucky Horse Park authority to bar or restrict participation by individuals sanctioned by the U.S. Center for SafeSport, with supporters saying it would help protect young athletes, adult athletes, and visitors at the multi-use state facility. Testimony from the Horse Park and the U.S. Equestrian Federation emphasized that the measure would have no fiscal impact and would be implemented through existing horse mounted police operations, without actively checking every visitor against the sanction list. The committee then considered Senate Bill 20, sponsored by Senator Maiden and presented with the Kentucky League of Cities. The bill would amend the city training incentive program statute to let cities set different incentive amounts for appointed and elected officials and remove the current statutory minimum and maximum amounts, giving local governments more discretion by ordinance. Senator Maiden said the measure is intended to encourage training for city officials and improve local government operations, and noted it had passed the Senate unanimously the previous year in similar form. Both bills were approved by the committee without opposition. Senate Bill 68 passed 10-0 with favorable expression, and Senate Bill 20 passed 9-0 with favorable expression. During the vote on Senate Bill 20, Senator Elkins explained his aye vote, saying he appreciated that the bill used permissive language and did not create an unfunded mandate. The committee then moved toward adjournment.
KY
Transcript Highlights:
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Summary: The Kentucky Housing Task Force met and heard first from the Kentucky Chamber of Commerce, which presented findings from a housing study done with the Home Builders Association. The chamber said housing is now a major economic-development issue, citing survey results that 90% of community leaders said their region could not absorb a major job announcement and 66% said housing is holding back Kentucky’s economy. The chamber described Kentucky’s housing shortage, rising home prices, declining permits since 2008, and the need for more production to support growth. It urged policy changes including zoning and land-use reform, tax incentives, regional approaches, and especially a residential infrastructure fund modeled on Indiana’s low-interest loan program to help communities finance roads and other infrastructure needed for new housing. Members asked about the severity of the problem, workforce shortages in permitting and construction, the loan interest rate, repayment, and whether Kentucky could replicate Indiana’s results; the witness said the issue is a crisis and that the program would be a revolving public-private partnership, likely around 3% interest, with implementation details still to be worked out. The Kentucky Bankers Association then testified that the housing gap is especially acute for households at 80% of area median income and below, which it said represents about 70% of Kentucky’s housing need. It emphasized that the shortage affects both urban and rural counties and pointed to examples such as Rowan County, where workers at major employers must commute long distances because local housing is unavailable or unaffordable. The bankers said high interest rates remain a major barrier and proposed a $20 million bank commitment for a revolving fund tied to tax credits to finance new housing, not refinances. They cited Hope of the Midwest as an example of a successful tax-credit housing model with a long track record and no defaults, and said the proposal would leverage public-private partnerships to create new units. Committee members questioned how the proposed fund would compare with industrial revenue bonds and whether it could be structured like Kentucky’s tobacco settlement fund, with seed money, a review board, scoring criteria, and possible population thresholds to ensure smaller communities benefit. The bankers said the proposal would be another tool for cities and counties, specifically tied to residential infrastructure, and that larger cities should not be able to capture all of the resources. No formal votes or actions were taken during this portion of the meeting.
KY

Kentucky 2026 Regular Session

House Standing Committee on Agriculture. (3-18-26)

Agriculture

Transcript Highlights:
  • Good morning, everyone, and welcome to our House Agriculture Committee meeting.
  • And we do have a member of the House special guest, Representative King. >> Here.
  • on the House floor.
  • Thank you very same on the House floor. Thank you very much. much. much.
  • the same on the House floor. the same on the House floor.
KY

Kentucky 2026 Regular Session

Senate Standing Committee on Agriculture. (2-3-26)

Agriculture

Transcript Highlights:
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Summary: The Senate Agriculture Committee met for the first meeting of the 2026 session, established a quorum, and opened with the pledge and a moment of silence honoring Gary Shell, the father of Commissioner of Agriculture Jonathan Shell. Committee members welcomed new senators to the panel and briefly noted a soybean association luncheon later in the day. The committee then took up two bills, both sponsored by Senator Jason Howell and presented with Commissioner Shell. Senate Bill 5 was the main item of discussion. Howell and Shell described it as a measure to reduce procurement barriers and expand the use of Kentucky-grown food in school nutrition programs, with a broader goal of connecting farmers, school districts, and the Department of Education through Kentucky Proud and related local sourcing efforts. Shell also discussed related agriculture-in-the-classroom efforts, including “All In for a Week,” and said the bill was part of a larger push to decentralize food sourcing and improve access for local producers. Several members asked questions and offered supportive comments, including a discussion of whether Kentucky Proud products would be included and a side conversation about possible future aquaculture legislation. The committee voted favorably on SB 5, and it passed with favorable expression. The committee then considered Senate Bill 73, which would allow beef tallow-based cosmetic products to be made at home under the state’s home-based industry rules by creating a specific statutory exclusion. After a brief explanation and no substantive debate, the committee voted on the bill and it passed with favorable expression and was recommended to be reported.
KY
Transcript Highlights:
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  • Next slide: campground upgrades total $40 million.
  • that will be built adjacent to the current bath house.
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  • House Bill 6, the current budget bill, has 15 projects totaling about $130 million.
Summary: The committee met for its second Budget Review on Economic Development, Public Protection, Tourism, and Energy and first approved the minutes from the prior meeting. Members then heard a presentation from the Tourism, Arts, and Heritage Cabinet and the Kentucky Department of Tourism on the 1% tourism marketing fund. Witnesses explained that the fund supports statewide tourism promotion, advertising, research, regional marketing, and matching grants to local tourism commissions, and that it cannot be used for capital construction. They reported that the General Assembly and governor increased appropriations in the 2024 session, adding $3 million in FY25 and $7 million in FY26, and set aside funding for the Kentucky Mountain Regional Recreation Authority, the National Quilt Museum, and the Southern Kentucky Tourism Initiative. Tourism officials emphasized that Kentucky tourism is a major economic driver, citing 2023 figures of $13.8 billion in economic impact, 79.3 million visitors, $9.7 billion in direct spending, more than 95,000 jobs supported, and nearly $1 billion in state and local tax revenue. They said the department now uses targeted digital and over-the-top advertising in selected domestic and international markets, with 62% of media placements digital and 80% of the budget spent out of state. Members asked about market selection, how the department measures return on investment, and what attracts visitors from places such as Dallas, Orlando, Toronto, and Washington, D.C.; officials said research shows a mix of family visits, outdoor recreation, and varied Kentucky offerings, and that 81% of overnight visitors are repeat visitors. They also discussed the potential impact of tariffs and trade tensions on bourbon-related tourism and international visitation, especially from Canada, and officials said they were monitoring the situation with U.S. Travel Association and Brand USA. The committee then heard from Kentucky State Parks officials on capital projects funded through HJR 76, HJR 56, and House Bill 6. They said they are providing quarterly project reports and have been meeting regularly with the Finance Cabinet’s engineering and contract staff. The presentation focused on campground utilities, broadband, and structural upgrades, including $40 million for campground improvements across the park system, with completed bathhouse renovations at Barren River and Nolin Lake and additional projects underway or in planning. Officials said the work is based on camper survey feedback, such as requests for better Wi-Fi, sewer and electric upgrades, frost-free spigots, and improved site layouts, and noted that the My Old Kentucky Home campground project is under construction and expected to be completed by spring 2026.
TX

Texas 89th Regular

S/C on Family & Fiduciary Relationships Apr 28th, 2025

S/C on Family & Fiduciary Relationships

Transcript Highlights:
  • Sure, at this time, the Chair lays out House Concurrent Resolution 10.
  • Thank you, Chairman, Vice Chair, and members, for the opportunity to lay out House Concurrent Resolution
  • Hold on, you're testifying for House Concurrent Resolution 10, correct? Yes, sir. All right.
  • I'm speaking today to strongly support House Concurrent Resolution 10, which seeks to designate family
  • Is there anyone else here who would like to testify for or against House Concurrent Resolution 10?
TX

Texas 89th Regular

Ways & Means Mar 31st, 2025

Ways & Means

Transcript Highlights:
  • House Joint Resolution 67.
  • Is there anyone who wishes to testify for or against House Joint Resolution 67?
  • If there's no objection, House Joint Resolution 67 will be House Joint Resolution 67 will be left pending
  • The Chair lays out House Joint Resolution 72 and calls on Vice Chair Noble to explain the joint resolution
  • House Joint Resolution 72 is left standing. Chair leaves out House Bill 2742.