Video & Transcript Research : 'fund reversion'

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HI

Hawaii 2026 Regular Session

HOU Public Hearing 01-27-2026

Housing

Transcript Highlights:
  • funds versus committed funds.
  • account and appropriates funds. account and appropriates funds.
  • and there so no additional funding. and there so no additional funding.
  • :51.280> funding, of the funding, of the funding, >> right?
  • requesting new funding. requesting new funding. >> That's<00:42:54.160> right.
Summary: The committee heard five housing measures, with the chair announcing that SB 2060, SB 2063, SB 2062, and SB 2069 were works in progress and that decision-making would be deferred to February 3. SB 2060 would allow HHFDC, with Finance approval, to transfer money within the rental housing revolving fund and its subaccounts without further legislative authorization, including a transfer to the mixed-income subaccount for FY 2026-2027. HHFDC and other supporters said the change would give the agency more flexibility to move projects forward, while Catholic Charities Hawaii and a testifier from Roars and Cares supported the bill but warned that shifting money away from lower-income housing could weaken efforts to serve households under 80% of area median income and people at risk of homelessness. HHFDC said the fund’s uncommitted balance was about $100 million and that demand exceeded available resources. SB 2063 would revise the mixed-income subaccount by changing project priorities, adding new criteria, allowing transfers within the subaccount without legislative approval, and directing conveyance tax revenues into the subaccount. HHFDC, OPSD, LURF, Hawaii Appleseed, Housing Hawaii’s Future, Stanford Carr Development, and Roars and Cares supported the measure, while Catholic Charities urged the committee to keep rental and for-sale housing policy separate and to use other mechanisms for homeownership. Catholic Charities said the rental housing revolving fund should remain focused on rentals, and that for-sale initiatives should be addressed separately. The chair indicated an intent to defer the bill for further edits. SB 2062 would make the dwelling unit revolving fund equity pilot a permanent HHFDC program, allowing the agency to buy equity in for-sale developments to lower initial purchase prices and require repayment through shared appreciation. HHFDC said the pilot had been successful, with 83 units committed and $7.6 million of the $10 million program cap already committed, and said permanence would let the agency pair the program with DERF loans earlier in project financing. The chair said SB 2069 would be used as the vehicle for amendments to the DERF equity program and related changes. SB 2069 would authorize HHFDC to use existing dwelling unit revolving fund balances for the equity pilot; it drew support from HHFDC and several housing organizations. SB 2070 would create a permanently affordable for-sale housing program by replacing the current 10-year buyback restriction with a resale price cap tied to an appreciation index, which HHFDC said would preserve affordability while allowing owners to build equity. In questioning, senators pressed HHFDC on whether the bill was necessary, whether it would remove first-time homebuyer and other ownership restrictions, and whether the new program was truly “permanently affordable” if not tied to AMI. HHFDC said the current statutory restrictions limit flexibility, that the proposal would expand access to local residents, and that the price cap would be based on about 4.5% annual appreciation. Supporters said the approach would help buyers move up the housing ladder, while some senators expressed concern that it could open the program to owners of multiple properties and that the committee should see sales-velocity data on existing restricted units before proceeding.
TX

Texas 89th Regular

Appropriations Feb 19th, 2025 at 10:30 am

Appropriations

Transcript Highlights:
  • To a school's funding.
  • That program is self-regulating and self-funding in terms of funding.
  • Fund, and the Seaport Connectivity Fund.
  • and don't fund.
  • Yes, Ag Fund, EDAP, and currently the Flood Infrastructure Fund.
Summary: During this committee meeting, the focus was on discussing critical infrastructure funding, especially related to water supply and flood mitigation projects. Chairwoman Stepney and the Water Development Board presented extensive details regarding the Texas Water Fund, which included $1 billion appropriated to assist various financial programs and tackle pressing water and wastewater issues. Additionally, funding allocations aimed at compromising the state's flood risk and improving water conservation were hotly debated, emphasizing collaboration among committee members and the necessity of addressing community needs in such projects.
MN

Minnesota 2025-2026 Regular Session

House Education Finance Committee 3/6/25

Education Finance

Transcript Highlights:
  • the local school board the funding the local school board the funding flexibility<00:03:35.959><
  • fund balance accounts.
  • fund fund one budget district's general fund fund one budget is<00:20:47.960> more<00:20:48.159
  • funding is calculated how that funding funding is calculated how that funding has<00:59:01.440><
  • fund or that fund transfers out of this fund or that fund I<01:24:35.560> get<01:24:35.840>
Bills: HF957, HF877
ND

North Dakota 2025-2026 Regular Session

Senate Appropriations - Government Operations Division Apr 10th, 2025 at 11:00 am

Appropriations - Government Operations Division

Transcript Highlights:
  • ; identify possible funding source, including the Strategic Investment and Improvement Fund; $40 million
  • I mean, we're just wondering if we need to create a new fund or just fund the deferred maintenance.
  • Okay, the fifth one on the list added funding for the—excuse me here, I got a... funding for facility
  • Plus, there is some leftover funding, some carryover funding, that can be used.
  • , but as far as funding source, you could also consider the SIF fund.
Bills: HB1015
Summary: The Government Operations Division met to review proposed amendments to the Office of Management and Budget (OMB) budget, with the chair noting the bill would not be voted out that day and would likely be held until the following week for any technical corrections. Members discussed a series of amendments, generally without objection: a $1.5 million appropriation for a pro-life education committee; a $40,000–$45,000 deficiency appropriation for Uniform Laws travel costs; creation of a state deferred maintenance fund with $40 million for deferred maintenance projects; adding the state hospital project to the OMB budget with $200 million from the Strategic Investment and Improvements Fund (SIF) and $85 million from a line of credit, plus construction management oversight; $110,114 for custodial equity increases; $1 million for a retirement incentive pool; $3 million to cover a shortfall in the new and vacant FTE funding pool; and $4 million for space reconfiguration and rent/moving costs. Prairie Public Broadcasting was also discussed, with a suggestion to change the purpose from local programming to infrastructure and set the amount at $850,000, likely as one-time SIF funding. The committee also heard a heads-up about a possible $180,000 federal reimbursement issue tied to an education grant, but no action was taken on that item. The committee further discussed a broader amendment to reduce the transfer from the social services fund to the human services fund from $250 million to $232 million, based on DHS needs and available carryover funding. Members also agreed to add emergency clauses to the capital assets, deferred maintenance, and moving/space reconfiguration items. The chair indicated Brady could begin incorporating the discussed changes into a consolidated amendment, while noting there could still be additional items next week. Staff also reported the SIF balance was about $280 million positive, though some removed agency items, including airport grants, would need to be considered. The committee then reconsidered its earlier action on House Bill 1581 and restored it to its original form at $100,000 after hearing that the funding would support tribal tourism-related events tied to upcoming 2026 celebrations and the Theodore Roosevelt Library opening. A motion for do pass on the bill as originally introduced passed unanimously by roll call. Finally, the committee postponed action on another bill until later that day, directing that revised materials be distributed and that the item be taken up in the afternoon session.
KY
Transcript Highlights:
  • What can be funded? infrastructure mean? What can be funded?
  • Here's how it's funded.
  • and Shelby have gotten some funding. and Shelby have gotten some funding.
  • mechanism of funding their housing trust<00:57:57.520> funds.
  • how was the fund uh funded? how was the fund uh funded? >> Sure. >> Sure.
Summary: The Housing Task Force heard a presentation from Anita Sanford of the Homebuilders Association of Kentucky and Sheri Cybert of Indiana’s Residential Infrastructure Fund about Indiana’s low-interest loan program for local housing infrastructure. They described the program as a voluntary, locally driven model that helps communities finance roads, sewers, sidewalks, traffic lights, turning lanes, and other infrastructure needed for new housing development. Sanford emphasized that infrastructure and regulation are major drivers of housing costs, citing estimates that infrastructure can account for up to 30% of a home’s cost and regulations another 25%, and said the association is studying Kentucky-specific regulatory costs. She also noted that every $1,000 added to new home construction can price out about 2,000 Kentucky households. Cybert explained that Indiana’s program, administered through the Indiana Finance Authority, began in 2023 with $75 million appropriated over two years and has since closed 17 loans totaling $60.7 million, with more than 2,700 projected housing units. The program reserves 70% of funds for rural communities and 30% for urban communities, requires applications from local governments rather than developers, and asks communities to show need through a market study, describe the infrastructure and housing to be built, and provide preliminary engineering plans and a repayment source. She said the loans currently carry an interest rate around 3.5%, reset quarterly, and that the program has generated about $25 million in savings to communities compared with private borrowing. She also described recent Indiana legislative changes that encourage higher density and other zoning reforms, and said a majority of those local ordinance changes must be adopted for an application to be fundable. Members asked about the ordinance requirements, the funding split between rural and urban areas, repayment mechanisms, and whether there were caps on project size. Cybert said repayment is worked out case by case, often through existing or project-specific TIFs, temporary tax agreements, or letters of credit, and that the program has no cap on request size or income/affordability restrictions. She said the largest request funded was $19 million for a 700-unit project. Co-chair Mills and others discussed whether Kentucky could adopt a similar model and what it would cost, while Sanford and Cybert said they were still refining budget estimates. Later, Scott Welch, president of the Homebuilders Association of Kentucky, testified that upfront infrastructure costs are a major barrier in his projects, citing a $1 million pump station and road-widening and utility relocation costs as examples, and said an infrastructure fund would help get projects off the ground.
DE

Delaware 2025-2026 Regular Session

House Health & Human Development Committee Meeting Jun 18th, 2026

Health & Human Development

Transcript Highlights:
  • Senate Amendment 1, an act to amend Title 16 of the Delaware Code relating to the Delaware Health Fund
  • Delaware's share of the settlement flows each year into the Delaware Health Fund, supporting some of
  • The Health Fund Advisory Committee, or HFAC, was set up to advise on how those dollars are spent.
  • It clarifies that the Attorney General's Office may use the health fund dollars to enforce the master
  • settlement agreement, protecting the funding stream that makes all of this possible.
Bills: SB313, SB296
Summary: The House Health and Human Development Committee met and considered a series of health, human services, and related bills. The committee heard and advanced House Substitute 1 for Senate Bill 13, which standardizes hospital charity care and financial assistance statewide, and Senate Bill 296 with Senate Amendment 1, which restructures the Delaware Health Fund grant process with a more formal, transparent competitive rubric. Both measures received supportive testimony from DHSS, the Delaware Healthcare Association, and the Delaware Nurses Association, and both were released by committee on roll-call votes. The committee also released Senate Bill 313 with Senate Amendment 1, which places a temporary moratorium on acquisitions of nonprofit acute care hospitals by for-profit entities and expands notice/review requirements for sales of hospital real estate; Senate Bill 340 with Senate Amendment 1, which requires long-term care facilities to carry specified liability insurance, with questions raised about the exemption for state-owned facilities; Senate Joint Resolution 20, which directs DHSS to study independent assessment tools for Medicaid home- and community-based services; and Senate Bill 341, which updates Delaware Health Information Network law and formally recognizes DIN as the state’s health data utility. Testimony on these bills was generally supportive, with some discussion on constitutional concerns, insurance coverage, and the rationale for the state exemption in SB 340. Later, the committee advanced Senate Bill 257, which requires new animal shelters to be licensed and inspected before operating and removes a prior exception for certain rescue organizations; and Senate Substitute 1 for Senate Bill 278 with House Amendment 1, which allows earlier pre-authorization for summer child care enrollment and lowers copays for half-day care. Public testimony on these measures came from animal welfare advocates, YMCA representatives, and other stakeholders, all largely in support. Each bill was released by committee, with several votes walked for absent members, and the meeting adjourned after all agenda items were addressed.
NM

New Mexico 2026 Regular Session

House - Appropriations and Finance Feb 9th, 2026 at 06:36 pm

House Appropriations & Finance

Transcript Highlights:
  • investment fund that provides revenue for the Land of Enchantment Legacy Fund, from which distributions
  • The changes that HB 184 would ensure that the fund will be sustained into the future and allow more funding
  • It made several changes to the structure of that fund...” “That fund.
  • The Public Project Revolving Fund provides stable, consistent funding that is not reliant on the general
  • fund.
Bills: HB63, HB64, HB184, HB200, HB47, HB48, HB2, HB9
AL

Alabama 2025 Regular Session

Alabama House Ways and Means Education Committee Apr 22nd, 2025

Ways and Means Education

Transcript Highlights:
  • funds because there was a lot of movement between funds.
  • fund from the reserve fund.
  • fund, and we would add to that if there are reversions from the Choose Act and the ENT fund.
  • Fund will go back to the education reserve fund.
  • So, we've moved this $80 million from the reserve fund to the Choose Fund. to the Choose Fund so they
TX

Texas 89th 2nd C.S.

Higher Education Apr 29th, 2025

Higher Education

Transcript Highlights:
  • The legislature funded a feasibility study last session. and the results are clear.
  • First, secure funding commitments, then get the Coordinating Board's nod and ABA accreditation, and open
  • Two years ago the legislature funded a feasibility study and you have in front of you the results of
  • We're not doing this for money, we just need help with funding.
  • We're not going to get out of the big fund because of the competition.
Bills: HB232
TX

Texas 89th 2nd C.S.

Higher Education Apr 29th, 2025

Higher Education

Transcript Highlights:
  • The legislature funded a feasibility study last session, and the results are clear.
  • same high standards as other Texas law schools, and we explicitly allow partnerships, gifts, uh, to fund
  • If we secure fund, if we secure funding commitments in the next 12 to 18 months, a formal proposal to
  • Two years ago, the legislature funded a feasibility study and you have in front of you the results of
  • We just need help with funding.
Bills: HB232
MN

Minnesota 2025 1st Special Session

House Transportation Finance and Policy Committee 3/10/25

Transportation Finance and Policy

Transcript Highlights:
  • the highway user tax distribution fund the highway user tax distribution fund the<00:02:50.280><
  • 25.920> funding<00:03:26.200> for biggest source of funding for biggest source of funding
  • <00:21:03.280> Gap such a thing as a Transit funding Gap such a thing as a Transit funding
  • No, I just—it is interesting that our default is a road funding gap report, but not a transit funding
  • Revenue options to address the funding Revenue options to address the funding Gap<00:24:14.520><
Bills: HF1167, HF1242
NM

New Mexico 2026 Regular Session

House - Appropriations and Finance Feb 16th, 2026 at 10:48 pm

House Appropriations & Finance

Transcript Highlights:
  • We're securing the funding. We have guardrails. We're codifying a system.
  • funds pursuant to the State Equalization Guarantee Distribution or funds appropriated for instructional
  • or general funding.
  • Relieve the early childhood trust fund rather than increase general funds.
  • Setting up the Early Childhood Fund was unprecedented. And it was very bipartisan.
Bills: SB132, SB241
OK
Transcript Highlights:
  • it tightens up the method of how we calculate the money that goes into the 780-781 Community Safety Fund
  • Did you also include the fact that the legislature must fund these grants according to the identified
  • them deal... ...to go back to counties to help them deal with the issues that they have not been funded
TX

Texas 89th Regular

Higher Education Apr 29th, 2025

Higher Education

Transcript Highlights:
  • For a four-year period, that is a delta of more than $100,000. is primarily paid by our state funding
  • thank you for staying to give your testimony and I want to ask, do you think taking away this DACA fund
  • This is a system all students and their parents pay into by way of local, state, and federal funding.
  • Vote no on HB 232 and keep funding and supporting Texas students who can. continue to help Texas grow
  • I'm here representing myself and Children's Defense Fund Texas, and I'm opposing the bill.
Bills: HB232
TX

Texas 89th Regular

Nominations Feb 24th, 2025

Nominations

Transcript Highlights:
  • We pass it on to the permanent school fund, then it flows through to get to the permanent school fund
  • And then talk about the Texas Water Fund.
  • Including SWIFT, Rural Water Agriculture Fund, the Flood Infrastructure Fund. and it created the new
  • Is there merit to the state having its own fund?
  • their unemployment insurance trust fund.
Summary: The meeting focused on several crucial issues, including the Texas Water Fund and its implications for development in the state. Various members highlighted the critical need for effective management of water resources, discussing the role of the Water Development Board and their strategies for outreach to local governments. The committee engaged in a thorough examination of funding projects and the sustainable financing necessary for communities facing challenges in meeting their infrastructure needs. Additionally, there was notable discussion regarding promoting workforce development and the alignment of educational programs with the demands of the job market as indicated by recent trends in community colleges.
AL

Alabama 2026 1st Special Session

Alabama Senate Transportation and Energy Committee Apr 2nd, 2026

Transportation and Energy

Transcript Highlights:
  • <00:07:22.520> are clarifying that if any state funds are clarifying that if any state funds
  • it up that $10 million uh fund it up that $10 million uh fund uh<00:12:22.640> fund<00:12
  • We then decided that we could do that in the general fund.
  • that in the general fund. that in the general fund.
  • You know, we get to work a lot on the general fund together. So, let me make sure I...
Bills: HB542
MN

Minnesota 2025 1st Special Session

House Ways and Means Committee 3/10/25

Ways and Means

Transcript Highlights:
  • 1% of the funding and 4% of the funding 1% of the funding and 4% of the funding would<00:02:59.120
  • This, again, is not cutting any funding. This is not cutting funding any schools.'
  • <01:02:59.279> any funding this is not cutting funding any funding this is not cutting funding
  • funds emergency operations?
  • funds emergency operations?
Bills: HF25, HF4
ND

North Dakota 2025-2026 Regular Session

Senate Appropriations - Human Resources Division Apr 15th, 2025 at 09:00 am

Appropriations - Human Resources Division

Transcript Highlights:
  • money if you would like the money from this bill, some place we'd have to get it from the general fund
  • So I do think we need to put funding in for those, but I think I'd just as soon email the folks on the
Bills: HB1012
Summary: The Senate Appropriations Human Services Division met to consider House Bill 1012, the Department of Human Services budget, and reviewed three previously made amendments: correcting a reference to $30 million underfunding, changing “human service centers” to “behavioral health clinics,” and revising section 31 language so the department would review medical assistance services and report findings and recommendations rather than directly implement adjustments. The committee also discussed whether to include funding related to two other bills with fiscal impacts, House Bill 1485 (personal needs allowance) and House Bill 2399 (PRTF reimbursement), noting those measures may go to conference committee and that appropriations could be added there instead of in HB 1012. The committee agreed to proceed with HB 1012 and members noted provider inflation questions would be raised later in full committee. The division then approved a due pass recommendation on the amendments to HB 1012 and, after a roll call vote, approved HB 1012 as amended on a 4-1 vote, with Senator Mathern voting no. Senator Davison was named as carrier. Members also discussed House Bill 1577, involving wastewater project financing and possible amendments related to a line of credit from the Bank of North Dakota for specific projects, and House Bill 1619, for which additional amendments were expected before full committee action. The meeting ended with general thanks and adjournment.
AL

Alabama 2025 Regular Session

Alabama Senate Finance and Taxation Education Committee Apr 9th, 2025

Finance and Taxation Education

Transcript Highlights:
  • And Formula for student-based funding.
  • Appropriation out of our educational opportunity fund.
  • , and it'll go into the Raise fund that is created.
  • Go into the Raise fund that is created by this bill.
  • We took the split and opportunity fund.
HI
Transcript Highlights:
  • So, my office is a set up and you fund.
  • It assesses whether or not the funds that are being proposed, special and revolving funds, meet statutory
  • <00:22:59.760> that folks relating to proposed funds that folks relating to proposed funds
  • <00:23:04.240> that assesses whether or not the funds that assesses whether or not the funds
  • Uh funds they meet statutory criteria.