Video & Transcript Research : 'foreclosure surplus'
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AR
Transcript Highlights:
- of you are very familiar with, but it's going to go retroactive so that we can utilize some of the surplus
- In fact, we're operating with a surplus right now, and what this is projected to do is absorb some of
- that surplus that we're operating with.
Summary:
The Senate Revenue and Tax Committee met to consider Senate Bill 1, sponsored by Senator Jonathan Dismang, which continues the state’s long-running effort to reduce Arkansas income tax rates. Dismang said the bill would lower the personal income tax rate retroactive to January 1, 2026 and delay the corporate income tax change until the following January, bringing the rate down from 7% to 3.7%. He also said the bill would use existing surplus funds and estimated that a person making $65,000 would see their effective tax burden reduced by about 45% compared with earlier rates.
The committee heard several witnesses in opposition, including a United Methodist pastor/social worker, a parent describing her son’s disability and need for supported living services, representatives from Arkansas Appleseed and Arkansas Advocates for Children and Families, and a Marshallese community advocate. They argued that Arkansas should preserve revenue for public schools, health care, food assistance, housing, rural hospitals, early childhood education, and disability services, and said the tax cuts would disproportionately benefit higher-income taxpayers while providing little relief to working families. Several speakers cited low state spending relative to national averages and warned that further cuts would worsen existing service gaps.
In closing, Dismang and other supporters said the state can be both compassionate and competitive, that no essential services would be cut by the bill, and that Arkansas has continued to grow revenue despite prior tax reductions. Members emphasized balancing service funding with economic competitiveness and noted the legislature’s focus on lower-income tax brackets in earlier reforms. The committee then voted to do pass SB1, and the bill was approved.
AR
Transcript Highlights:
- of you are very familiar with, but it's going to go retroactive so that we can utilize some of the surplus
- In fact, we're operating with a surplus right now, and what this is projected to do is absorb some of
- that surplus that we're operating with.
Summary:
The Senate Revenue and Tax Committee considered Senate Bill 1, sponsored by Senator Jonathan Dismang, which would continue Arkansas’s phased income tax reductions, lowering the personal income tax rate to 3.7% and delaying the corporate income tax change until the following January. Dismang said the bill was part of a long-running effort begun in 2013 to reduce rates using conservative budgeting and surplus revenue, and he estimated the change would reduce the effective tax burden for a person making $65,000 by about 45%. Committee members supporting the bill emphasized that the measure would not cut state services and argued Arkansas should balance competitiveness with funding essential programs.
Several speakers opposed the bill, including a clergy member/social worker, a parent advocating for disability services, representatives from Arkansas Appleseed and Arkansas Advocates for Children and Families, and a community advocate from the Arkansas Coalition of Marshallese. They argued the state should preserve revenue for public schools, health care, housing, food assistance, early childhood education, and supported living services, citing underfunded schools, a waitlist for pre-K, hospital and child care pressures, and the needs of low-income and vulnerable residents. Some speakers said the tax cuts would disproportionately benefit higher-income taxpayers while providing little relief to working families.
In closing, Dismang said Arkansas could be both compassionate and competitive and that no essential services would be cut because the state is operating with a surplus. After discussion, Senator Dismang moved do pass, Senator Petty seconded, and the committee approved SB 1 by voice vote. The committee then adjourned.
AR
Transcript Highlights:
- of you are very familiar with, but it's going to go retroactive so that we can utilize some of the surplus
- In fact, we're operating with a surplus right now, and what this is projected to do is absorb some of
- that surplus that we're operating with.
Summary:
The Senate Revenue and Tax Committee met to consider Senate Bill 1, presented by Senator Jonathan Dismang as the next step in Arkansas’s long-running effort to reduce the state income tax rate. He said the bill would lower the rate from 7% to 3.7%, with the personal income tax change retroactive to January 1, 2026, and the corporate income tax change taking effect the following January. In response to a question, he estimated that a person making $65,000 would see their tax bill fall from roughly $3,600 to just over $2,000, or about a 45% reduction in effective tax rate.
Several members of the public testified against the bill, arguing that further tax cuts would reduce revenue needed for education, health care, food assistance, housing, and disability services. Speakers included a clergy member and social worker from Little Rock, a parent describing the high cost of supported living services for her son with cerebral palsy, representatives from Arkansas Appleseed and Arkansas Advocates for Children and Families, and a Marshallese community advocate. They emphasized underfunded public schools, early childhood education waitlists, hospital and child care pressures, and the view that tax cuts disproportionately benefit higher-income taxpayers while vulnerable Arkansans rely on state-funded services.
In closing, Senator Dismang said the bill was part of a decade-long tax reduction effort and argued that Arkansas could be both compassionate and competitive without cutting essential services, noting the state was operating with a surplus. Senator Petty and Senator Boyd echoed support, saying the state should focus on outcomes, maintain competitiveness, and that no services would be cut. The committee then voted do pass on SB 1, and the bill passed by voice vote before the meeting adjourned.
MN
Minnesota 2025-2026 Regular Session
House Housing Finance and Policy Committee 2/18/26
Housing Finance and Policy
Transcript Highlights:
- However, with that said, we've just come off of an $18 billion surplus that disappeared during 2023.
- However, with that said, we've just come off of an $18 billion surplus that disappeared during 2023.
- Recognize that a surplus that we have today isn't actually a surplus and that the 27 fiscal year is not
- that we have for this year is surplus that we have for this year is it<00:45:05.760>
is <00:45 - <00:45:50.079>
27 actually a surplus and that the 27 actually a surplus and that the 27 fiscal
Keywords:
HF3403, emergency rental assistance, rental aid, homelessness prevention, housing crisis, imminent risk of homelessness, eviction prevention, county aid, Tribal governments, local government aids, general fund appropriation, Minnesota revenue commissioner, poverty level, low-income housing, housing stability, family homeless prevention and assistance, emergency housing assistance, eviction, rent, redemption
KY
Kentucky 2025 Regular Session
Public Pension Oversight Board (12-12-25) - Part 1
Transcript Highlights:
- He added that TRS 4 has no liabilities; it has a surplus.
- it has a surplus, a slight surplus,<00:47:18.040>
which <00:47:18.280>is <00:47:18.480> - Uh and it's surplus, which is great.
- No unfunded liability, actually a small surplus. It's working well.
- No unfunded liability, actually a small surplus. It's working well.
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:
- disposing of process we follow for disposing of obsolete<01:26:00.119>
or <01:26:00.320>Surplus - <01:26:00.880>
materials <01:26:01.560>with <01:26:01.679>a obsolete or Surplus - <01:26:51.880>
auction them through the Public Surplus auction them through the Public Surplus - Thank you for explaining how we work with our books at our school districts when we have that surplus
- districts when um we have that Surplus districts when um we have that Surplus um<01:28:56.080>
Summary:
The Minnesota Senate Education Policy Committee heard testimony on Senate File 508, a bill to restrict cell phone use in schools. Senator Mann said the proposal was based on roundtables with school districts across the state and on reports from other states, and argued that cell phones are harming student attention, mental health, classroom culture, and student-teacher relationships. She said K-8 restrictions are broadly supported, while high school policies should be more flexible, and emphasized that districts should control implementation. The bill also includes funding for education efforts around why the restrictions are being adopted and how students can use technology responsibly.
Testifiers largely supported the bill or the general goal of limiting cell phone use. Dr. Anna Tyranny, a parent and licensed psychologist, said cell phones and social media can contribute to anxiety, poor concentration, cyberbullying, and inappropriate sharing, and urged a balanced approach that includes digital literacy education. St. Cloud Area Public Schools Superintendent Laori Pam and Tech High School staff member Molly Kenzie described their district’s policies, which keep phones away for the day in elementary and middle school and restrict them during class in high school. They cited U.S. Department of Education guidance, research on mental health and sleep disruption, and the need for age-appropriate, equitable, and consistently communicated policies.
St. Cloud reported that its middle school policy, piloted and then expanded districtwide, led to a 50% reduction in cell phone discipline referrals and fewer classroom power struggles. The district said high school violations remain concentrated in certain grades, especially ninth and eleventh, and that it continues to address the issue through PBIS teams. No vote or final committee action on the bill was described in the transcript.
FL
Transcript Highlights:
- We wanted to make sure that the Everglades restoration plan lands within that area are not surplus.
- I want to make sure that we clarify and everyone understands the surplus land procedure.
- A surplus land procedure required DEP to find that the land no longer serves conservation purposes?
- DEP already has a mechanism in place to recognize surplus lands today.
- So does the surplus lands get voted on by ARC and the governor and the cabinet?
Summary:
The Senate convened with an opening prayer, pledge, and a series of introductions recognizing guests, visiting groups, and special honorees in the galleries. The chamber then took up committee and executive appointment business, adopting a report confirming 42 gubernatorial appointments by a vote of 36-0.
The Senate next considered a long special-order calendar of bills, most of them passing with little or no opposition. Measures included public-records sunset reviews and trade secret/cybersecurity exemptions; a child-abuse reporting statute of limitations bill; commercial driving school oversight; human trafficking training for nurses; a new injunction for protection against serious violence and its related public-records exemption; nature-based coastal resiliency and mangrove protection; a chiropractic trust-funds cap repeal; specialty license plates; a waiver of late financial disclosure fines; public school personnel compensation; the Florida Farm Bill with multiple agriculture, biosolids, and enforcement provisions; homestead exemption clarification for long-term leases; disability presumption clarifications for first responders; reinsurance intermediary manager conformity; patriotic displays in public schools; ADS-B aviation fee restrictions; autism-related law enforcement training and the Blue Envelope program; campus safety reporting procedures for public postsecondary institutions; and veterinary prescription disclosure. Several bills were temporarily postponed, including local vessel restrictions, temporary critical-need practice certificates, and domestic animals.
The floor debate featured the most discussion on the farm bill, the HCSM/nonprofit religious organizations bill, the autism law-enforcement bill, and the school athletics bill. The HCSM bill drew extended debate over whether licensed insurance agents should be allowed to market faith-based health care sharing ministries, with supporters emphasizing consumer choice, free speech, and religious liberty, and opponents warning about unregulated products and commissions; it passed 32-5. The athletics bill, prompted by the Teddy Bridgewater/Miami Northwestern situation, would let coaches provide good-faith support to student-athletes while requiring reporting and FHSAA oversight; it passed 38-0. Most other measures passed overwhelmingly, including the autism bill 38-0, the campus safety bill 37-0, the public school patriotic displays bill 36-2, and the farm bill 38-0 after amendments addressing Everglades lands and biosolids timing were adopted.
TX
Transcript Highlights:
- And I want to clarify the surplus.
- Surplus was and never is a pile of money that we can just take from until it's depleted.
- Much of our surplus was spent last session or the session before when we made budget promises to the
- This funds, instead of returning the $24 billion surplus to the overtaxed, hardworking men and women
- This funds, instead of returning the $24 billion surplus to the overtaxed, hardworking men and women
Summary:
The House met in a late-session floor session that began with prayer, pledges, quorum, and a series of excused absences and Senate messages reporting action on numerous bills, conference committee appointments, and conference reports. Members also adopted a memorial resolution honoring Mark James Hanna, a Capitol lobbyist and advocate for nurses, and a congratulatory resolution for Rishi Tarumalasetti, an eighth-grade civics bee winner from Katy. The chamber also received and recorded a parliamentary colloquy about an unusual Senate request on SB 293, with the Chair stating the House could not recede from only part of its amendments and could not suspend the rules because the bill had not been returned from the Senate.
The bulk of the session was devoted to taking up conference committee reports and related procedural resolutions, especially the state budget. The House adopted a resolution allowing the SB 1 conferees to go outside the normal bounds, then adopted the SB 1 conference report on a 107-21 vote. Debate on the budget centered on public education funding, tax relief, health care, corrections pay, and judicial compensation, with supporters calling it a responsible compromise and opponents arguing it was overly expansive and insufficient on property tax relief. The House also adopted a technical correction resolution tying judicial pay increases in SB 1 to the House version of SB 293, and members discussed at length the relationship between judicial salaries and legislative pensions.
The chamber then adopted a long series of conference reports on measures covering topics such as school library review and book challenges (SB 13), SNAP restrictions on sweetened drinks and candy (SB 379), hospital price transparency (SB 331), nursing home accountability (SB 457), school district personnel compensation conflicts (HB 3372), property notice rules (HB 2011), research and development tax credits (SB 2018), and several other bills affecting elections, permits, education, and criminal justice. Most reports passed by wide margins, though some drew significant opposition, especially SB 13 and SB 379. The House also granted several Senate requests for conference committees and introduced additional resolutions to suspend conferee limits on various bills as the session moved toward adjournment.
NM
New Mexico 2025 Regular Session
House - Appropriations and Finance Jan 22nd, 2025
House Appropriations & Finance
Transcript Highlights:
- And so that difference, that remainder, is something of a surplus.
- The state of New Mexico is going to have an abundance of surplus because we are saving in reserves and
- We take this huge surplus of both recurring and non-recurring funds, depending on how you want to spend
- How do we push that out and spread this surplus out over time?
- thing for the LFC budget priorities is trying to use those surpluses, not just spreading out the surplus
MN
Minnesota 2025 1st Special Session
Securing Human Services / Strengthening Election Integrity / Legislating Legacy Jun 8th, 2025
Minnesota Senate Floor Meeting
Transcript Highlights:
- c><00:20:08.000>
Well, <00:20:08.240>I <00:20:08.400>do Well, I do thank the surplus - into the legacy omnibus bill, although there's one article about park and trail, but there's other surplus
- trail but one article about park and trail but there's<00:20:41.679>
other <00:20:42.000>surplus - <00:20:43.280>
uh <00:20:43.360>in <00:20:43.600>the there's other surplus uh - in the there's other surplus uh in the environment<00:20:44.159>
committee <00:20:44.559>that
US
US Federal 2025-2026 Regular Session
Hearings to examine the nomination of Michael Faulkender, of Maryland, to be Deputy Secretary of the Treasury. Mar 6th, 2025 at 09:00 am
Finance Committee
Transcript Highlights:
- Do you—can you tell us when the last time this government had a surplus was?
- When that—when we last had a surplus? My recollection is that it was Bill Clinton.
- those revenue and cost lines up as a percentage of our overall economy, and that meant that we had a surplus
- , and we haven't had a surplus since.
- Yes, we have not had a surplus since 2000.
Keywords:
nomination, Deputy Secretary of Treasury, economic policy, inflation, tariffs, tribal nations, government relations
Summary:
The meeting convened to consider the nomination of Mike Falkender for the position of Deputy Secretary of the Treasury. During the session, multiple members voiced concerns regarding current economic policies under the Trump administration, particularly around inflation, tariffs, and the impact on small businesses. Discussions frequently centered on the administration's approach to tariffs and taxation, and how these factors contribute to the rising cost of living and potential job losses. Additionally, the importance of bolstering government-to-government relationships with tribal nations was emphasized, highlighting the need for specialized offices focused on tribal affairs within the Treasury Department.
FL
Florida 2026 Regular Session
FL House Floor Session - 2026-03-04 (10:00AM Session)
Florida House Floor Meeting
Transcript Highlights:
- lines review through the surplus lines clearinghouse before Citizens can quote or bind.
- Citizens may not issue new commercial coverage if an approved surplus lines offer provides comparable
- And just for a clarification, OIR has the full authority to regulate surplus lines, correct?
- This bill is specifically regarding the surplus lines clearinghouse. So 40% of the market, right?
- Senator Gruters: This bill is specifically regarding the surplus lines clearinghouse.
Summary:
The Senate opened with prayer, the Pledge of Allegiance, introductions, and a moment of silence honoring service members killed in the conflict in Iran, including Florida native Captain Cody Cork. The chamber then moved through a special order calendar, taking up several bills on education, public safety, insurance, health, and local government policy. Many measures were accompanied by sponsor explanations and supportive remarks from members, often emphasizing constituent impacts, public safety, and administrative efficiency.
The first major bill, SB 1062 on speech and debate education, was expanded through a delete-all amendment and passed 37-0 after extensive floor debate praising debate programs as a civic and educational tool. SB 1072 created an anti-Semitism task force in the Attorney General’s Office; an amendment clarified that criticism of Israel is not prohibited, and the bill passed 37-0. SB 1230/HB 1019 addressed PFAS “forever chemicals,” especially in firefighting foam, with phase-outs, testing, enforcement, and exceptions for certain federal, military, and emergency uses; it also passed 37-0 and was dedicated in memory of former firefighter Joe Casello. SB 1706 expanded the My Safe Florida Condominium Pilot Program with tighter eligibility rules, and SB 186 required broader seizure-response training and seizure action plans in schools; both passed unanimously.
The Senate also approved SB 598 updating funeral and cemetery regulation, SB 990 authorizing protected cell captive insurance companies, SB 554 modernizing nonprofit corporation law, SB 560 streamlining foster care medication and oversight procedures, SB 684 easing electronic signature requirements for total-loss vehicle and vessel titles, and SB 778 revising forensic client services for certain defendants with intellectual disabilities or autism. Several bills were temporarily postponed, including SB 432, SB 928, and SB 620. Most of these measures passed by votes of 36-0 or 37-0 after brief debate or no debate.
The most contentious item was SB 1134 on official actions of local governments related to DEI. The sponsor argued the bill would stop taxpayer funding and promotion of discriminatory or indoctrinating DEI practices, citing examples from several counties and cities. Multiple amendments sought to narrow penalties, protect good-faith officials, and preserve local proclamations and observances, including LGBTQ Pride Month and other cultural events, but those amendments were rejected. Debate centered on vagueness, local discretion, and whether the bill would chill legitimate government activity. The transcript cuts off during questioning on the underlying bill, before final disposition is shown.
WV
West Virginia 2026 Regular Session
WV Senate Finance Committee in Session Jan 15th, 2026 at 03:02 pm
Transcript Highlights:
- But even though we were 3.3% below prior year, we were 4.8% above estimate at a $254 million surplus.
- We were 4.8% above estimate at a $254 million surplus.
- The two biggest sources of surplus are personal income tax and sales and use tax.
- wanted to have a good sign that the economy is doing fine, it would be those two sources to show for surplus
Summary:
The Senate Finance Committee met with a quorum present and first approved the minutes from the January 15 morning meeting. The main agenda item was the Department of Revenue’s budget and revenue presentation from Secretary Eric Nelson, Deputy Secretary Peter Shirley, and Deputy Secretary Mark Mucco. Nelson said the state remains double-A rated with a positive outlook, the budget includes a 5% personal income tax reduction, and the 2027 general revenue estimate is $5.493 billion, up $170 million from the prior year. Shirley gave an economic overview, saying West Virginia is forecast to see continued but slowing employment growth, continued wage growth, gains in private education/health services and business services, declines in some sectors, improving labor force participation relative to the nation, and strong recent net in-migration. He also noted continued growth in natural gas production and a modest rebound in coal production, though coal faces longer-term demand pressure.
Mucco reviewed revenue trends and said 2025 collections were about $5.5 billion, below the prior year but above estimate, with personal income tax and sales tax driving the surplus. He explained that the forecast incorporates the 5% PIT cut and annual conformity to the federal One Big Beautiful Bill Act, including changes such as Section 179 expensing, bonus depreciation, R&D expensing, business interest deductions, and a new manufacturing facility expensing provision. He also discussed the effects of tax credits, severance tax volatility, declining tobacco revenues, and health care provider tax changes tied to federal Medicaid rules. He said road fund revenues are largely flat absent policy changes, and county commission revenues are growing faster than state revenues.
Members asked about when new economic development projects like NewCore would appear in the projections, how much 20,000 new jobs would matter, whether the department had a calculator for job-growth impacts, the status of recent tax cuts, road fund growth, tobacco/vape taxation, and whether migration data could be broken down by county. The witnesses said major projects are not yet in the S&P-based forecast but would likely add jobs, wages, and tax revenue over time; they estimated 20,000 jobs would be a significant increase. They also said the state is unlikely to hit the current personal income tax trigger in the near term. No substantive votes were taken beyond approving the minutes, and the committee adjourned after a motion carried by voice vote.
MN
Minnesota 2025-2026 Regular Session
House Republican Media Availability 5/19/25
Minnesota House Floor Meeting
Transcript Highlights:
- As you remember, $18 billion of surplus over the last two years was absolutely spent and raised another
- remember<00:03:52.159>
$18 <00:03:52.560>billion <00:03:53.200>of <00:03:53.440>surplus - <00:03:53.920>
over <00:03:54.159>the remember $18 billion of surplus over the remember - $18 billion of surplus over the last<00:03:54.560>
two <00:03:54.720>years <00:03:55.200
MN
Minnesota 2025 1st Special Session
Gov. Tim Walz delivers his State of the State address before Minnesota Legislature 4/23/25
Minnesota House Floor Meeting
Transcript Highlights:
- We'd have a surplus after this year. The wave won't crash this year, but it will crash.
- We'd have a surplus<00:19:19.440>
after <00:19:19.760>this <00:19:20.000>year. - <00:19:20.880>
The <00:19:21.120>wave <00:19:21.360>won't surplus after this - The wave won't surplus after this year.
ND
North Dakota 2025-2026 Regular Session
Senate Floor Session Apr 21st, 2025 at 12:30 pm
North Dakota Senate Floor Meeting
Transcript Highlights:
- civil remedy actions against property insurance insurers, notice of property insurance claims, and surplus
- transactions, exceptions for large commercial risks and fire property and casualty insurance rates, surplus
- of the North Dakota Century Code, relating to an exemption from search requirements for licensed surplus
- of the North Dakota Century Code, relating to an exemption from search requirements for licensed surplus
Summary:
The Senate reconvened and handled several House messages and conference committee appointments before taking up a series of bills. It appointed conference committees on Senate Bill 2265 and House Bills 1454, 1448, and 1524. The chamber also adopted a Senate amendment to House Bill 1216, delaying its effective date for the copay accumulator prescription drug bill to January 1, 2026, with later renewal timing for non-PERS plans.
House Bill 1216 then came up for final passage. Senators debated whether allowing copay accumulator programs to count manufacturer coupons toward deductibles would help patients with expensive drugs or unfairly shift costs to insurers and other policyholders. Supporters said it would help people afford life-saving medications and that the coupon payments go to pharmacies, not insurers; opponents argued it could raise premiums and create perverse incentives for drug pricing. The bill passed 29-18. The Senate also concurred in House amendments to Senate Bill 2160, which changes health insurance benefits under the Uniform Group Insurance Program to move from a grandfathered to a non-grandfathered plan, with supporters emphasizing added benefits and flexibility and opponents warning of higher costs and irreversible changes. That bill passed concurrence 33-14 and final passage 39-8.
The Senate next concurred in House amendments to Senate Bill 2339, the wildfire mitigation bill, which requires utility mitigation plans to be updated every two years, incorporate national electric standards, and creates a rebuttable presumption of reasonable care if the plan is followed. The bill then passed final passage 46-1. The chamber also adopted conference committee reports and passed House Bill 1460 on adult foster care and monitoring devices, House Bill 1440 on cigar lounge tobacco use, and Senate Bill 2374 on insurance-related provisions including property insurance arbitration, managed repair programs, and surplus lines issues; SB 2374 also added a study on towing and recovery coverage. The session ended with announcements of upcoming conference committee meetings and adjournment until April 22, 2025.
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 088 Apr 11th, 2026
Colorado House Floor Meeting
Transcript Highlights:
- years you can take to make up surplus years you can take to make up the<00:44:43.359>
difference. - surplus years such that since<00:45:03.200>
2526 <00:45:04.160>is <00:45:04.319>a - c><00:45:04.480>
non-surplus <00:45:05.200>year, <00:45:05.839>the since 2526 is- a non-surplus year, the since 2526 is a non-surplus year, the state<00:45:06.480>
can <00:45:07.839- >
is <00:59:38.319>gone The $4 billion surplus is gone. - c><00:45:04.480>
Summary:
The House convened, established a quorum, and approved the journal from April 10, 2026. After a brief opening that included the Pledge of Allegiance and roll call, the chamber moved into third reading. The first item was House Bill 1348, concerning use of money from the broadband infrastructure cash fund, which passed on final passage. The House then took up a series of bills dealing largely with education funding and program changes, including House Bills 1349 through 1358, covering prevention services in early childhood, school food programs, Healthy School Meals for All funding, Colorado reading and social studies assessment changes, repeal or phase-out of several teacher and school-related programs, and the Colorado Academic Accelerator Grant Program. Most of these measures were adopted, with some receiving notable no votes but still passing.
The chamber also considered House Bill 1359, which would credit money from removal of natural resources on public school lands to the state public school fund, and House Bill 1360, concerning the affordable housing financing fund. HB 1360 drew extended debate. Supporters argued it was consistent with Prop. 123 and TABOR-related funding rules, while opponents said it would divert money from the general fund, exceed what voters authorized, and create a precedent for using reserve-like funds to cover budget shortfalls. Despite the opposition, HB 1360 passed after a member changed a vote from yes to no. The House then adopted House Bills 1361 and 1362, repealing the pay for success contracts program and the Decarbonization Tax Credits Administration Cash Fund, respectively.
The final major item was House Bill 1363, which temporarily reduces the general fund reserve. This bill prompted the strongest opposition, with members arguing that the state was using a rainy day fund to cover self-inflicted budget problems, relying on future money, and failing to address underlying spending growth. Supporters of the bill said the reserve reduction was necessary to balance the budget and reflected difficult choices by the Joint Budget Committee. The bill nonetheless passed, and the House completed action on the listed third-reading calendar items.
FL
Florida 2026 4th Special Session
February 3, 2026 - 02:30 PM
Transcript Highlights:
- continue to allow those policies on the commercial side to be shifted over to the private market through surplus
- So, to the extent that there wasn't a sufficient number of surplus lines carriers that wanted to participate
- The surplus lines market is one way that we're going to do that.
Summary:
The Insurance and Banking Subcommittee met with a quorum present and heard four bills. HB 1231, relating to final disposition, funeral, and cemetery services, was presented as a consumer protection and workforce modernization measure. After questions about hospice/funeral provider exclusivity, direct disposal licensing, causes of action, and funeral director/embalmer licensure, the bill was amended by strike-all to remove some provisions and add authorization and regulation of natural organic reduction. Support came from funeral industry representatives, and the bill was reported favorably with the committee substitute.
HB 943 would require Citizens Property Insurance Corporation to create a commercial lines clearinghouse by January 1, 2027, to move certain commercial residential and other commercial risks into the private market while maintaining current eligibility rules. The sponsor and members discussed Citizens’ remaining commercial exposure, surplus lines participation, and carrier financial-strength guardrails. A strike-all amendment conforming to the Senate version and making technical corrections was adopted, and the bill passed favorably with the committee substitute after supportive debate from members.
HB 1221, a Department of Financial Services bill, was described as streamlining DFS processes, improving licensing, updating the My Safe Florida Home Program, strengthening public adjuster protections, and modernizing unclaimed property rules. Three amendments were adopted: notice before a My Safe Florida Home application is deemed abandoned, removal of a misdemeanor disclosure requirement for certain licensure applicants, and a provision allowing public officials to appoint or promote relatives to firefighter positions through a competitive process in a collective bargaining agreement. Testimony was generally supportive, including from firefighters and unclaimed-property claimants’ representatives, and the bill was reported favorably with a committee substitute.
HB 99, concerning reinsurance intermediary managers, would exempt certain underwriting managers handling limited facultative reinsurance business from the intermediary manager statute and instead require an agency license. With no public testimony or debate, the bill was reported favorably. The meeting then adjourned.
AL
Alabama 2025 Regular Session
Alabama House Economic Development and Tourism Committee Apr 29th, 2025
Tourism
Transcript Highlights:
- It directs surplus funds from the Alabama 21st Century Fund toward energy infrastructure and economic
- Any amount above those payments must be transferred to SIDA. the use of these surplus funds.
- The bill transfers accumulated surplus funds from the 21st Century Fund in the following amount: $50
Keywords:
electric transmission, public highways, permit processing, economic growth, infrastructure, rural development, condemnation actions, state regulations, community development district, CDD, annexation, municipal annexation, wet municipality, dry county, wet county, Sunday alcohol sales, ABC Board, alcohol licensing, on-premises consumption, golf course
NH
Transcript Highlights:
- There are also surplus funds, which we report to fiscal on every two months, and we think of the surplus
- There are also surplus funds, which we report to fiscal on every two months, and we think of the surplus
- There are also surplus funds, which we report to fiscal on every two months, and we think of the surplus
- There are also surplus funds, which we report to fiscal every two months, and we think of the surplus
- And we think of the surplus funds as sort of our not stop-loss coverage, but sort of the emergency coverage