Video & Transcript Research : 'irrevocable trust'
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FL
Florida 2025 Regular Session
January 15, 2025 - 09:00 AM
Transcript Highlights:
- So Chair Salzman asked me to speak specifically about the land trust.
- And that's what the land trust does. It's an incredible. How does it work?
- And that's what the land trust does.
- And that's the power of the land trust: the land becomes a subsidy.
- the land trust standpoint.
Summary:
The committee met to hear a panel on workforce and attainable housing, with presentations from Florida Housing Finance Corporation, Pensacola Habitat for Humanity, Wendover Housing Partners, the City of Tallahassee, and Escambia County. Speakers described how state and local tools such as SHIP, the Live Local Act, land trusts, accessory dwelling units, infill development, and public-private partnerships are being used to expand housing supply and preserve long-term affordability. Several panelists emphasized that housing demand is rising across income levels, that workforce households often need subsidy to buy or rent, and that housing location, transportation access, and proximity to jobs and services are critical. They also highlighted challenges including rising construction costs, limited land, insurance, NIMBY opposition, and the need for more flexible financing tools and employer participation.
Members asked about area median income thresholds, whether current programs are reaching the households most in need, and what additional tools might help. Florida Housing said its traditional rental programs generally serve households at or below 60% AMI, while need is increasingly reaching up to 80% AMI statewide and higher in some regions; staff also provided examples of AMI levels by county. Other discussion focused on the impact of local government opt-outs, tax abatements, corporate ownership of single-family homes, insurance costs, Fortified construction standards, and whether bonuses or other income calculations can unintentionally disqualify applicants. Panelists urged more political will, more local flexibility, and additional incentives for employers and landowners to support housing near jobs.
The committee also used an anonymous interactive polling exercise, and members identified partnerships, SHIP funding, local government action, cost, and insurance as key issues. In closing, the chair said the committee would continue a member-driven process and likely hold a workshop on housing-related topics. No formal votes or bills were taken up in the meeting, and the session adjourned after the discussion.
MN
Minnesota 2025 1st Special Session
House/Senate DFL Press Conference 4/10/25
Transcript Highlights:
- So the UI provisions, as you said, would come out of the UI trust fund.
- would would come out of the UI trust would would come out of the UI trust fund.<00:21:22.960>
- would come out of the state UI trust would come out of the state UI trust fund<00:21:29.360>
- the state UI trust and if you're a federal worker there's federal unemployment.
- these folks into the state UI trust?
NM
New Mexico 2025 Regular Session
House - Rural Development, Land Grants And Cultural Affairs Jan 23rd, 2025
House Rural Development, Land Grants And Cultural Affairs
Transcript Highlights:
- I'll touch on a little bit the Water Trust Board.
- The Water Trust Board was created in 2001, and I'm on page 6 now. It has a 16-member board.
- One of them is for the Housing Trust Fund, where we get recurring funds.
- So, $500,000 for that and then $500 million for the Housing Trust Fund. Thank you, Madam Chair.
- I mentioned some statistics a little earlier on the Housing Trust Fund.
FL
Florida 2026 5th Special Session
FL House Floor Session - 2026-06-02 (10:00AM Session)
Florida House Floor Meeting
Transcript Highlights:
- I'll go back to the trust fund that we just discussed.
- So we often talk in this chamber about trusting people.
- I do trust the people, and I trust them enough to give them the full picture.
- Then the second, it would foster trust.
- Then the second, it would foster trust.
Summary:
The House took up the special order calendar for a proposed constitutional amendment on property taxes, CS/HJR 1F, which would create a new homestead exemption for non-school taxes, lower the annual assessment cap on non-homestead property, and restrict how counties and municipalities may use ad valorem tax revenue. The sponsor, Rep. Overdorf, said the measure would give homeowners tax relief and argued local governments could adjust spending or use other revenue sources. Opponents repeatedly questioned the ballot language, the lack of a fiscal estimate or backfill, and the potential impact on local services, public safety, and debt obligations. The House adopted the special order report and then debated the resolution and a series of amendments.
Several amendments were offered to carve out or protect specific services from the tax changes. Rep. Bartleman’s amendment to protect Children’s Services Councils and Children’s Trusts was supported by members who said those entities fund early learning, mental health, aftercare, and other services for children and working families, but it failed 25-74. Rep. Cross offered an amendment to include water management districts in allowable ad valorem uses, warning of impacts on flood control, water quality, Everglades restoration, and water supply; that amendment also failed. Rep. Eskamani offered an amendment requiring the Legislature to backfill public safety funding if local revenues fall, arguing police and fire services, staffing, and response times would be at risk; it failed 25-71.
The chamber then rejected Rep. Woodson’s amendment to require state backfill for senior services, with supporters citing Meals on Wheels, transportation, adult day care, and other local senior programs, and opponents saying the proposal was outside the bill’s scope. Finally, Rep. Gant offered an amendment to protect veteran services, saying local governments fund housing, mental health, transition, and family support programs for veterans; debate emphasized the importance of honoring veterans and avoiding cuts to those services. The transcript cuts off during debate on that amendment, before a final vote is shown.
TX
Transcript Highlights:
- And I feel like the main concern is, you could see... ...there was no trust left.
- and... ...well, that's just the best word: trust.
- But improve, and I heard the word trust just one more time.
- I heard the word trust, and I think if that might possibly build trust, although I also think there's
- There will not be trust when somebody is scared of losing their job.
Bills:
HB8
Keywords:
HB 8, Texas public school accountability, school accountability, public school transparency, STAAR, state assessments, instructionally supportive assessment program, Student Success Tool, Texas Education Agency, TEA, accountability ratings, A-F ratings, through-year assessment, benchmark testing, norm-referenced assessment, college career military readiness, CCMR, local accountability plan, school district performance, campus turnaround
NM
Transcript Highlights:
- They need to go to the Water Trust Board first.
- And so as I go to the Water Trust Board and say their projects, 20 million, 40 million.
- And whatever the number is, the Water Trust Board can determine, okay, can you phase it?
- The Water Trust Board is picking them. We're adding additional money.
- Your water projects, they started turning their applications over to the Water Trust Board.
WA
Transcript Highlights:
- trust fund, which is managed by the State Investment Board.
- Instead, the institutions pay all benefits while assets accumulate in the trust.
- trust fund, which is managed by the State Investment Board.
- Instead, the institutions pay all benefits while assets accumulate in the trust.
- So the institution. pay all benefits while assets accumulate in the trust.
Summary:
The Pension Funding Council met on June 23, 2026, for a work session that began with an overview of the Higher Education Supplemental Retirement Plan (SRP) and a 2025 accounting valuation of that plan. Staff explained that the SRP is a closed defined benefit supplement for higher education employees hired before the 2011 closure, with employer contributions currently pre-funding benefits in institution-specific trusts while institutions still pay benefits on a pay-as-you-go basis. The State Actuary’s office reported that the plan’s accounting position has improved, with combined market assets of about $245 million against $377 million in accrued liability, and that strong market performance since 2022 has increased the asset-to-liability ratio. The office emphasized that this was an educational accounting valuation, not a funding valuation for rate-setting.
The council then received the 2025 actuarial valuation report for the state retirement systems. Actuaries reviewed the recent demographic experience study, noting updated assumptions for mortality, retirement, termination, and salary growth, and said the net impact on most plans was small. They reported that most plans’ funded ratios improved, with all plans at least 94% funded and several at or above 100%, and that contribution rates for the 2027–2029 biennium are generally lower than current rates. They also noted that future rates could be affected by market volatility as deferred gains are recognized over the next few years. During public comment, a representative of the Association of Washington Cities urged the council to consider rate reductions to help local governments facing budget pressures.
In executive session, the council first approved a motion directing the Office of the State Actuary to perform an actuarial evaluation and analysis of each institution’s Higher Education Supplemental Retirement Plan, including institution-specific contribution rates, asset sufficiency, and funding policy options, due by July 1, 2028. The council then adopted the 2027–2029 pension contribution rates based on the 2025 actuarial valuation report. Both motions passed 5-0, with one member excused. The meeting concluded with no further business.
CO
Colorado 2026 Regular Session
Colorado Senate 2026 Legislative Day 023 Feb 6th, 2026
Colorado Senate Floor Meeting
Transcript Highlights:
- the folks who we should trust.
- the folks who we should trust.
- the folks who we should trust.
- trusting the folks who we should trust. trusting the folks who we should trust. we<00:30:56.159>
- trust that care. trust that care.
Summary:
The Senate convened with a quorum, approved the February 4, 2026 journal as corrected, and received several committee reports and bill status updates. Committee actions included favorable reports on Senate Bills 12, 13, 14, and 16, with some bills amended before being sent to the Committee of the Whole, and notice that Senate Bill 32 had been correctly engrossed and was ready for final passage. The chamber also laid over the general order second reading calendar until Friday, February 6, 2026.
The main floor action was final passage of Senate Bill 32, concerning the promotion of immunization access. Supporters argued the bill would help Colorado maintain a science-based vaccine policy, protect public health, and preserve pharmacists’ ability to provide vaccines amid concerns about federal instability. Several organizations were cited as endorsing the measure. The bill passed on a 20-12 vote.
The Senate also adopted Senate Joint Resolution 8, honoring Colorado’s 2026 Winter Olympians and Paralympians. Senators highlighted Colorado’s winter sports culture, training facilities, and the state’s many athletes competing in the Games, and one senator offered a tribute to a former Olympian in the chamber. The resolution passed unanimously, 32-0. In addition, the Senate confirmed governor’s appointments to the Department of Higher Education and the Private Occupational School Board on a 32-0 vote.
The meeting ended with announcements, including committee schedules and birthday recognition for Senator Zamora Wilson, followed by adjournment until Friday, February 6, 2026 at 9:00 a.m.
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Jan 21st, 2026
House Appropriations & Finance
Transcript Highlights:
- implicitly, just trusted to do that.
- Chair, is: what is the balance of the Early Childhood Trust Fund?
- From the state, 11.4 million, and that's from the trust fund.
- Health Trust Fund.
- Fund and are not diverted into the other two newly created trust funds.
Bills:
SB2
WA
Washington 2025-2026 Regular Session
House Consumer Protection & Business Dec 5th, 2025
Transcript Highlights:
- Trust is around 80% of the time.
- We have members who lose trust in the financial system.
- We've also heard stories of them losing trust in law enforcement.
- So it's befriending and building the trust with these victims.
- So it's befriending and building the trust with these victims.
Summary:
The committee began with a work session on the Joint Legislative Audit and Review Committee’s cannabis market study, presented by JLARC staff member Susanna Pratt. The report found Washington’s cannabis production in 2023 was likely two to three times higher than retail sales, with production estimated at 292,000 to 443,000 pounds of THC versus 139,000 pounds sold. Pratt explained that canopy data are inconsistent and that the Liquor and Cannabis Board’s traceability system is incomplete and unreliable, limiting data-driven regulation, tax verification, recall tracking, and diversion enforcement. JLARC recommended that LCB submit a plan by the end of 2025 for obtaining accurate licensee data by the end of 2026; LCB partially concurred and said a 2027 timeline may be more realistic. JLARC also concluded that the social equity producer licenses would likely have only a minimal effect on statewide production capacity, and suggested the legislature consider broader ways to increase equity in the industry. Members asked about the slow issuance of social equity licenses and about comparable traceability systems in other states.
The committee then heard a series of presentations on fraud and scam prevention. Paul Benda of the American Bankers Association described the scale of fraud losses, the role of telecom spoofing, social media scam ads, SIM farms, and crypto ATMs, and argued for a shared-responsibility approach involving banks, telecoms, and platforms. Katie Clark of IQ Credit Union described member-to-member fraud, romance scams, and the operational and financial impacts on credit unions, and recommended better information sharing, safe harbors for returning scam-related funds, and stronger fraud education. Kyle Innes of SIFMA highlighted investor fraud and Washington’s 2009 report-and-hold law, which he said helped shape similar protections in most states, and emphasized the need for better communication among financial firms, APS, and law enforcement.
Brian Gerard and Ali Higgs from the Department of Financial Institutions discussed “pig butchering” and other investment scams, focusing on how scammers build trust through social media, dating apps, fake websites, and crypto schemes before extracting funds. Across the fraud presentations, witnesses repeatedly stressed consumer education, interagency information sharing, and stronger controls on telecom, social media, and crypto ATM activity. Members asked about model laws from other states, the role of financial education in schools, and whether crypto ATMs should be regulated or banned. No votes or formal committee actions were taken during the meeting.
VT
Vermont 2025-2026 Regular Session
Senate Session - 2026-05-19 - 11:55AM
Vermont Senate Floor Meeting
Transcript Highlights:
- And Vermonters should have the trust that we will do that.
- And Vermonters should have the trust that we will do that.
- And Vermonters should have the trust that we will do that.
- Um so I >> the trust that we will do that.
- And so I just trust the decade ago.
NM
New Mexico 2025 Regular Session
IC - Mortgage Finance Authority Act Oversight May 28th, 2025
Mortgage Finance Authority Act Oversight Committee
Transcript Highlights:
- Trust Fund and the Affordable Housing Act.
- Based housing assistance on Section 8 and some home and National Housing Trust fund programs.
- Um, so just a little bit of history of the New Mexico Housing Trust Fund.
- Outlines the housing trust fund framework.
- We were disappointed that there were no increases to the um New Mexico Housing Trust Fund.
ND
North Dakota 2026 1st Special Session
Water Topics Overview Committee Mar 26th, 2026 at 09:00 am
Water Topics Overview Committee
Transcript Highlights:
- As of March 10, the Resources Trust Fund balance was $414 million.
- Fund, $414 million in the Resources Trust Fund.
- An update on Resources Trust Fund revenue: this is as of February.
- Then we have the Environmental Trust, which comes off of lottery proceeds.
- The state money, of course, is the Natural Resources Trust Fund.
MN
Minnesota 2025-2026 Regular Session
House Public Safety Finance and Policy Committee 3/12/25 - Part 1
Public Safety Finance and Policy
Transcript Highlights:
- speak about Public Safety Trust speak about Public Safety Trust resources<00:48:57.319>
domestic - Community-based approaches designed to foster trust and safety.
- He said community trust is critical: when communities trust local government, especially local law enforcement
- that this bill uh breaks Community Trust that this bill uh breaks Community Trust it<01:27:17.840
- And if there is a logical answer, I don't know it. ...break down community trust.
MN
Minnesota 2025 1st Special Session
House Floor Session 5/12/25 - Part 1
Minnesota House Floor Meeting
Transcript Highlights:
- And if not, we put it in the trust bag. We all trust for God.
- not, we put it in the trust not, we put it in the trust bag.<00:03:49.840>
We <00:03:50.080 - >
all <00:03:50.440>trust <00:03:51.440>for bag. - We all trust for bag.
- We have we have a trust and a God.
MN
Minnesota 2025-2026 Regular Session
House Floor Session - part 2 Apr 24th, 2025
Minnesota House Floor Meeting
Transcript Highlights:
- The trust code is one of the legislations, one of their bills, coming from their trust division.
- And just a brief history on the trust code in the state of Minnesota: a big overhaul of it.
- maximum duration for trusts.
- Additionally, this also clarifies the fiduciary responsibilities related to directed trusts.
- It increases the size of a trust, trust that can be terminated without a court proceeding.
NH
New Hampshire 2025 Regular Session
House Judiciary (02/19/2025)
Transcript Highlights:
- And trust me, I have a lot of experience with public restrooms, being an outdoor worker.
- me I have a lot of restrooms and trust me I have a lot of experience<01:52:29.679>
with <01:52 - Fortunately, we now have eight years of data to prove that we can be trusted, that we're not a threat
- to use a public bathroom that trusted to use a public bathroom that corresponds<02:06:42.440>
to< - <02:06:53.360>
that <02:06:53.520>we're can be trusted that we're can be trusted that
Summary:
The House Judiciary Committee opened a hearing on House Bill 148, which Rep. Jim Kofalt said is the same language as last year’s HB 396, vetoed by the governor. He described the bill as allowing, but not requiring, separation by biological sex in three areas: bathrooms and locker rooms, houses of correction, and certain athletic competitions. Kofalt argued the bill would give local school boards and other policymakers discretion to set practical rules, citing concerns about safety, privacy, and a Milford incident involving a biological male in girls’ locker rooms. Committee members pressed him on the lack of a definition of “biological sex,” and he said he did not think one was necessary because males and females are commonly understood. He also said the bill was meant to address situations where outside groups threaten lawsuits and leave local boards with no latitude.
Testimony then split sharply. Supporters, including Executive Counselor Karen Hill and several others, said HB 148 would roll back anti-discrimination protections, contradict New Hampshire’s “Live Free or Die” values, and harm transgender and non-binary people. Opponents described the bill as discriminatory and unnecessary, arguing that existing bathroom and sports policies already work and that the bill would invite harassment, invasive enforcement, and legal conflict. Several speakers, including trans residents and parents of trans children, said they had used public restrooms without incident and warned that enforcement would be impractical or abusive. One supporter argued the bill was needed to protect girls’ privacy and safety and cited school sports disputes and a concern about a sex offender at a game as examples of why sex-segregated rules should be restored.
Committee members asked questions about how biological sex would be defined, whether the bill was responding to real incidents in New Hampshire, and how any restrictions would be enforced. Kofalt said he was aware of issues in several school districts and at the State House, but did not have detailed documentation for every case. No vote or final action was taken in the portion of the hearing provided; the chair instead moved through public testimony under a strict two-minute limit and noted that follow-up questions would be limited so the committee could hear multiple bills that day.
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 086 Part 1fix Apr 10th, 2026
Colorado House Floor Meeting
Transcript Highlights:
- , law of every individual, estate, trust, law of every individual, estate, trust, and<01:47:41.520
- It's in a trust fund, the unclaimed property trust fund held in trust, private property.
- It's in a trust fund. The unclaimed property trust fund is held in trust, private property.
- Prop 123 or unclaimed trust funds to Prop 123 or unclaimed trust funds to balance<02:41:27.439>
the - and Wildlife Species Conservation Trust and Wildlife Species Conservation Trust Fund,<04:20:49.600>
Summary:
The House opened with the national anthem, the Pledge of Allegiance, and a roll call establishing a quorum. Members then approved the journal of April 8, 2026, and heard several introductions and tributes, including recognition of Home Education Day in Colorado, a welcome to Sigma Lambda Gamma members, and a reminder about an education luncheon. The chamber then recessed briefly before moving into second reading and floor consideration of bills.
The main substantive debate centered on House Bill 1357, which phases out the Teacher Recruitment Education and Preparation (TREP) program. Supporters said the program serves a relatively small number of students, costs more per student than community college alternatives, and should be wound down so limited state education dollars can go to core services and the school finance formula. Opponents argued the state had promised the program to students who planned their education around it, including some who turned down scholarships, and said the change would harm future teachers and should have been treated as a pause rather than an end. The House adopted an appropriations amendment (L003), withdrew a proposed substitute amendment (L005), and then passed HB 1357 as amended.
The House also passed House Bill 1358, which reduces the appropriation for the Colorado Academic Accelerator Grant Program by $5.2 million in general fund. The sponsor described it as a grant program supporting community learning centers and math/STEM enrichment, but said funding will end after the following fiscal year and the program must step down so families can seek other services. The bill was adopted without further opposition.
Finally, the House considered House Bill 1359, which redirects certain revenue from public school land natural resource removals to the state public school fund rather than the permanent fund, with projected transfers of $25 million in FY 2025-26 and $45 million in FY 2026-27. Supporters said the measure is needed to help balance the budget. An opponent raised concerns about impacts on a constituent ranch lease tied to a proposed green energy project, but the sponsor clarified the bill applies only to royalties and leases on state-owned public school lands. The House then adopted HB 1359.
NH
New Hampshire 2025 Regular Session
House Ways and Means (02/12/2025)
Transcript Highlights:
- They are going to the Education Trust Fund.
- contents of the of the education trust contents of the of the education trust fund<03:47:47.120>
- Chris, where's the Education Trust Fund?
- education trust fund so I I just just education trust fund so I I just just showing<04:30:39.040>
- fund so the education education trust fund so the education trust<04:30:58.040>
fund <04:30:58.399
Summary:
The committee opened a public hearing on HB 402, a bill dealing with whether Education Freedom Account (EFA) payments should be described in state law as not constituting taxable income. The bill sponsor argued that the current statute is misleading because New Hampshire should not imply a federal tax result, and said the bill would remove that language and could also be amended to clarify that families should consult tax advisors. He emphasized that the measure was not intended to impose a state tax on EFAs, but to avoid giving inaccurate advice about possible federal tax liability.
Testimony was divided. A retired representative and a tax preparer both opposed the bill, saying EFA payments are already treated consistently with IRS rules and that the bill would create confusion, administrative burden, and possible tax consequences for low- and moderate-income families. They argued the bill is a solution in search of a problem and warned that requiring 1099s could add costs for the scholarship organization and recipients. A tax attorney supported the bill’s repeal of the state language, saying New Hampshire should not put tax advice into statute and that the current wording is inaccurate because federal law, not state law, controls taxability. He cited IRS Section 117 and Publication 970, explaining that only some scholarship-like payments are tax-free and that many EFA-eligible expenses may not qualify for federal exemption.
Members asked questions about what would be misleading, whether the bill was trying to tax EFAs, and the cost of issuing 1099s. The sponsor and witnesses repeatedly said the bill was not a state tax on voucher payments, but a clarification about federal tax treatment. No vote or final committee action was taken in the portion provided.
FL
Florida 2026 Regular Session
FL House Floor Session - 2026-06-02 (10:00AM Session)
Florida House Floor Meeting
Transcript Highlights:
- Well, I'll go back to the trust fund that we just discussed.
- Children's Trust save the state money.
- So we often talk in this chamber about trusting people.
- I do trust the people, and I trust them enough to give them the full picture.
- Then the second, it would foster trust.