Video & Transcript Research : 'replacement cost'

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OK

Oklahoma 2026 Regular Session

Appropriations and Budget Education Subcommittee Jan 21st, 2026 at 09:00 am

A&B Education Subcommittee

Transcript Highlights:
  • That funding was for air conditioner replacements.
  • That talks about the transmitter replacement. We had $2.8 million.
  • You stated that you are looking to replace that with private... Walk us through most of it.
  • Can you explain the discrepancy of costs with library books versus regular books?
  • I think that this is most recently really coming out about ebooks and the cost.
Keywords: 914, all
NM

New Mexico 2025 Regular Session

IC - Legislative Finance Nov 21st, 2025

Transcript Highlights:
  • That it costs 307.47 per square foot to replace a school.
  • If we assume that buildings are replaced every 45 years, we can divide those costs to estimate how much
  • cost of a specific project, but instead attempts to calculate the district's entire replacement cost
  • costs represented in the formula. versus the actual construction costs of a specific project.
  • cost in the formula.
CA
Transcript Highlights:
  • These will be cost drivers, and we anticipate this raising your constituents' costs on pretty much all
  • Because the cost on the shelf might be a lower cost.
  • And so there's a cost there too. There's a hidden cost to that.
  • We experienced $8.5 million in equipment replacement costs.
  • driving health care costs.
Summary: The committee heard several environmental and consumer-safety bills. AB 405, the Fashion Act, would require fashion companies to disclose and manage toxic chemicals in their supply chains; supporters said it would reduce worker and consumer exposure and align with existing industry frameworks, while retailers and business groups argued it would duplicate existing laws and raise costs. After questions about DTSC workload, international standards, and affordability, the bill was moved on a due-pass-as-amended motion to Natural Resources and held on call with three votes. AB 762 would ban the sale and distribution of disposable vape devices; supporters emphasized battery-fire risks, recycling contamination, and waste impacts, while cannabis and convenience-store interests warned it would push consumers to illicit markets and harm legal businesses. The bill passed on a due-pass motion to Business and Professions with three votes and was held on call. The committee also adopted the consent calendar with six votes. AB 794 would direct California to keep in place the federal PFAS drinking-water standard if federal protections are weakened, with supporters citing health risks and the need for certainty, and water agencies opposing the emergency-rulemaking authority and potential costs. Members debated whether the bill was too broad and whether federal funds would cover implementation; the bill passed on a due-pass-as-amended motion to Appropriations with four votes and was held open. AB 1148, the Safer Food Packaging Act, would restrict certain chemicals in food packaging; supporters cited cancer and reproductive-health concerns, while chemical, beverage, and manufacturing groups argued the bill should go through existing regulatory processes and that some chemicals lacked feasible alternatives. The author said she would remove antimony trioxide later in the process after hearing opposition concerns; the bill passed on a due-pass motion to Judiciary with four votes and was held open. Finally, AB 1338 would allow local air districts to recover costs for implementing fence-line air monitoring at metal shredding facilities, building on prior legislation and local air district efforts in AB 617 communities. The author said the bill would preserve local control and improve efficiency, and the South Coast Air Quality Management District testified in support. The transcript ends as the district witness begins testimony, with no vote yet taken on AB 1338.
AL

Alabama 2025 Regular Session

Alabama House Commerce and Small Business Committee Apr 29th, 2025

Commerce and Small Business

Transcript Highlights:
  • And in both cases, the industrial water board bore all of that cost to rebuild St.
  • For best practices, a water system should replace their pipelines every hundred years.
  • . ...better spent on our systems replacement factor.
  • We're over a 300-year replacement cycle currently on replacing the pipes in the system.
  • a hundred-year replacement.
Bills: SB330
KY
Transcript Highlights:
  • When we capacity and 80% of the cost.
  • commercial providers is that the cost commercial providers is that the cost make<00:14:04.959>
  • And this is for an elevator replacement project, HVAC equipment replacement and upgrades, roof replacements
  • And this is for an elevator replacement project, HVAC equipment replacement and upgrades, roof replacements
  • So, of course, we know the impacts of inflation are driving these construction costs and renovation costs
Summary: The Capital Planning Advisory Board opened its fourth meeting, confirmed a quorum, approved the prior meeting’s minutes by unanimous voice vote, and then heard information items and agency presentations. The main substantive presentation came from the Council on Postsecondary Education, which outlined its capital planning recommendations for the 2026–28 biennium. CPE staff described the role of Kentucky’s research and education network (Kron), including connectivity to cloud services, Internet2, identity services, and new local AI/inferencing capacity, and argued that the network is now essential to higher education, health care, and extension services. They said the network’s recent upgrades were driven by privacy, security, redundancy, and the need to support modern research and AI workloads at lower cost than commercial providers. CPE also presented its broader higher-education capital request: $700 million for asset preservation and $1.73 billion for new construction, for a total recommendation of about $2.4 billion. Staff said they do not plan to recommend IT projects or equipment in this cycle, despite reviewing 48 IT submissions totaling nearly $1.4 billion and equipment requests totaling $322.6 million. For asset preservation, they said the recommended allocation method would remain based on each institution’s share of Category 1 and 2 square footage, and they noted that the state’s prior facility assessment is now 12 years old, with deferred maintenance still estimated in the $7–9 billion range. For new construction, they said the requests are heavily focused on STEM and health-related facilities that are difficult to retrofit into older buildings. Board members asked about how asset-preservation amounts were determined, including why Northern Kentucky University’s request was much larger than its prior allocation. CPE staff responded that campus size, building age, and institutional prioritization affect the requests, and that schools are asked to submit more projects than are likely to be funded. The board then moved on to an Attorney General capital plan overview, where senior counsel Will Schroeder began describing the office’s technology needs and the office’s prior reliance on a 2020 appropriation to replace legacy systems and improve security.
TX
Transcript Highlights:
  • First, we make the momentous change of the board's cost cap becoming the cost ceiling.
  • Here's what it does: this bill does not require rip and replace.
  • It does not require that equipment be prematurely replaced.
  • , it must be replaced with equipment that is not from a hostile foreign adversary.
  • too much paperwork to do the replacement.
AR

Arkansas 2026 1st Special Session

CODE REVISION COMMISSION Apr 9th, 2026

CODE REVISION COMMISSION

Transcript Highlights:
  • Our cost increases and also the PPI increase.
  • We've also have several replacement volumes that we recommend replacing in 2026 and also in 2027.
  • Just, I guess, a follow-up with regard to the replacement volumes.
  • Just, I guess, a follow-up with regard to the replacement volumes.
  • ago, and these books are ready to be replaced.
Keywords: 1204, all
MN

Minnesota 2025-2026 Regular Session

House Capital Investment Committee 4/24/25

Capital Investment

Transcript Highlights:
  • estimated cost of our roadway project. estimated cost of our roadway project.
  • The city plans to replace the life.
  • The city has to replace re exposure.
  • With an estimated cost of 10.5 Trail.
  • But we city since it's been replaced.
AL

Alabama 2026 1st Special Session

Alabama House Boards, Agencies and Commissions Committee Jan 28th, 2026

Boards, Agencies and Commissions

Transcript Highlights:
  • Replace line 28 on page one with the following as set out in sections three and four.
  • Replace lines 119 through 120 on page five with the following: Sections one, two, three, and four.
  • Replace line 28 on page one with the following as set out in sections three and four.
  • <00:10:12.640> Replace<00:10:13.040> lines the legislature concurs.
  • Replace lines the legislature concurs.
KY
Transcript Highlights:
  • have to replace the raw water lines. have to replace the raw water lines.
  • And that runs your design cost up.
  • And we want to keep our design cost at about 15% of what our total construction cost is.
  • actual construction cost is. actual construction cost is.
  • estimates may not end up being what the actual cost might be because of rise in cost and so on and so
Summary: The committee heard presentations from the Department for Environmental Protection and the Office of Energy Policy on Kentucky’s state-owned dam repair program and the electric grid resilience program. Commissioner Tony Hatton explained how state dams are defined and classified under Kentucky law, the criteria used to prioritize repairs or decommissioning, and the status of several projects funded in the last biennium. He said the department is using a design-bid-build process, with major work planned or underway at Willisburg Lake, Big Bone Lick State Park Dam, Clemens Lake Dam, Marion County Sportsman’s Dam, Chinoa Lake Creek/Canning Creek Dam, and Lake Malone, and that $0.5 million is reserved for routine repairs. He also described the timeline and cost pressures, noting that construction seasons and bid uncertainty can affect schedules and estimates. Members asked several questions about whether the estimates were current, how accurate the bids tend to be, why the process takes so long, and whether it would be better to fund design separately before construction. Hatton said the estimates are the best current engineering estimates, that costs often stay within about 10% but can vary, and that the overall process is usually closer to two years than four, though delays can occur. He also said all of the allocated dam funds must be available before bids can be let. The committee discussed whether design work can become stale if construction is delayed. Kenya Stump then updated the committee on Kentucky’s electric grid resilience program under federal Infrastructure Investment and Jobs Act funding. She said Kentucky has received years one through three of the five-year program and has allocated funds to state park electric systems and municipal utilities, with years four and five not yet received. She identified Ken Lake State Park and Kentucky Dam Village as the two state park projects in progress, and Owensboro, Princeton, Williamstown, and Hopkinsville as the municipal projects selected through a competitive process. She said the projects are under contract or in final negotiations, with municipal construction expected to begin in the first quarter of 2026 and finish by the end of 2026, and explained that the work includes line, pole, transformer, meter, and outage-management upgrades. Members asked about the relationship between this program and prior park appropriations, the timing of agreements with Parks, and whether the park systems could eventually be transferred to the local electric cooperative; Stump said the park agreements are imminent and that the upgrades are intended to bring the systems up to code so the cooperative can maintain them. No votes were taken, and the chair adjourned the committee until the following Wednesday, with a possible time change to avoid a scheduling conflict.
VT

Vermont 2025-2026 Regular Session

Senate Session - 2026-03-19 - 11:00AM

Vermont Senate Floor Meeting

Transcript Highlights:
  • , or replacement learner's<00:08:00.680> permit.
  • <00:39:20.600> replacement before with a no cost replacement before with a no cost replacement
  • that these stuckages cost us.
  • line with the actual cost that these stuckages stuckages stuckages uh<00:43:21.600> cost<00:43
  • <00:43:22.720> Section<00:43:23.040> 9 uh cost us. Section 9 uh cost us.
Keywords: 927, senate, all
AL

Alabama 2026 1st Special Session

Alabama House Agriculture and Forestry Committee Jan 21st, 2026

Agriculture and Forestry

Transcript Highlights:
  • Nowadays you buy an acre, it's going to cost you $20,000, almost north.
  • Nowadays you buy an acre, it's going to cost you $20,000, almost north.
  • Replace line 38 on page two with the following: We charge $30 for a lifetime disabled.
  • two with the Replace line 54 on page two with the following. following. following.
  • Replace line 67 Replace line 67 on<00:14:24.800> page<00:14:25.519> three<00:14:26.160>
Bills: HB267, HB271, HB267, HB271
CA

California 2025-2026 Regular Session

Assembly Insurance Committee May 28th, 2025

Transcript Highlights:
  • And that bill says it will now include replacement cost coverage.
  • If it was a total loss and we could get a replacement cost estimate that was close to what their Coverage
  • The second 50%, then we wait until we get a replacement cost estimate.
  • If we can get one, that's pretty clear. ...wait until we get a replacement cost estimate.
  • The replacement cost on the house is only, you know, $1.1 million.
Summary: The Assembly Insurance Committee held an oversight hearing on the California Fair Plan, focused on the plan’s rapid growth, its financial stability after the January Southern California wildfires, and its role as the insurer of last resort. Fair Plan officials explained that the plan was created in 1968, is a not-for-profit involuntary association of licensed property insurers, and is intended to be a temporary safety net until policyholders can return to the admitted market. They emphasized that the plan is not a state agency or taxpayer-funded, but is regulated by the Department of Insurance and supported by member-company assessments if claims exceed available funds. Victoria Roach and Armand Feliciano said the Fair Plan has grown sharply since 2018 and especially after market pullbacks by major insurers, reaching about 575,000 policies and roughly $600 billion in exposure by spring 2025. They noted that growth is increasingly occurring in lower wildfire-risk areas, where the plan can sometimes be cheaper than the voluntary market, and said this undermines depopulation back into the private market. They also discussed recent policy expansions, including coverage for farms, higher residential and commercial limits, and pending or proposed changes such as AB 290, SB 525, and AB 226, which would add tools like a line of credit and bond access. A major portion of the hearing addressed the January wildfire losses and the plan’s financial response. Fair Plan officials said they assessed member insurers for $1 billion after determining claims and cash flow would exceed available resources, and that the process was approved quickly and paid smoothly, with more than 80% of the assessment collected within 10 days. They also described the reinsurance tower, the plan’s limited surplus, and the need for actuarially sound rates to reduce future reliance on assessments. On claims handling, they said the plan has received over 5,500 claims from the fires, has paid more than $2.9 billion so far, expects total payments near $4 billion, and has focused on advancing payments quickly for total losses and other urgent needs. Members questioned the plan’s solvency, the growth in non-wildfire areas, claim denials, smoke-loss coverage, and how depopulation works. Roach said most closed claims without payment were duplicates rather than denials, and that smoke claims require direct physical loss under the policy, with coverage determined case by case. Public commenters from the California Building Industry Association and the Independent Insurance Agents and Brokers of California said the Fair Plan’s growth reflects a weak voluntary market, inadequate rates, and insurer fear of future assessments, and urged support for rate increases and AB 226. The hearing concluded with no vote, but with a commitment from Fair Plan officials to follow up on unanswered questions and continue providing more transparency through public data and website disclosures.
TX

Texas 89th Regular

Appropriations - S/C on Articles VI, VII, & VIII Feb 24th, 2025

Appropriations - S/C on Articles VI, VII, & VIII

Transcript Highlights:
  • No cost to GR.
  • Inflation is a primary driver of cost increases these days, and if you look at our highway cost index
  • To estimate what those future costs are based upon that highway cost index.
  • We aren't paying cost of care, cost of quality care. So how can we continue to improve those?
  • keep up with the cost of living.
Keywords: 1184, house, all
NM
Transcript Highlights:
  • Is there a thought about how much we need to be replacing on an annual basis?
  • We estimate the design phase, which is 10% of the project, to cost this.
  • Also, Mora is talking about coming to apply for a combo replacement.
  • Reducing school utility costs.
  • There's some reduction in costs there. The vendor, Mountain Vector, would be.
NE

Nebraska 2025-2026 Regular Session

Health and Human Services Committee - Room 1510 Jun 30th, 2026

Health and Human Services

Transcript Highlights:
  • That's a minor cost in relationship to program failure.
  • It's going to require water main replacement, sewer main replacement, fire panel replacement, about $2.6
  • We also are needing to replace gas lines.
  • We are having to replace roofs, and air conditioning replacement is also another change that we need
  • And that should be covering the cost of that.
Keywords: 956, all
NM

New Mexico 2025 Regular Session

IC - New Mexico Finance Authority Oversight Jul 10th, 2025

New Mexico Finance Authority Oversight Committee

Transcript Highlights:
  • We're also going to go ahead and replace the skylight.
  • We recently replaced our main mobile exhibit unit.
  • We replaced it, and we have a brand new one.
  • Costs can go out of control if we expect it to cost $5 million and it ends up costing $7 million, as
  • If they have to eat into instructional costs and educational costs to support their facility, over time
KY
Transcript Highlights:
  • So why the need for replacement?
  • <00:01:59.360> Um So why the need for replacement? Um So why the need for replacement?
  • So this one-time cost is for the duration of the project, and then you go down to just your cost for
  • and then you go down to just your cost and then you go down to just your cost for<00:16:08.639><
  • We would have to look at the ongoing cost and cost of increase after we go live. Okay?
Keywords: 958, all
Summary: Personnel Cabinet and Kentucky Employees Health Plan officials presented a request to replace the Kentucky Human Resources Information System (CHRIS), the state’s HR/payroll ERP system procured in 2007. They said the system supports core HR and payroll for about 48,000 state employees, 24 sheriff and county clerk offices, and the Kentucky Employees Health Plan, which covers more than 300,000 lives. Officials emphasized that SAP has said the system will be end-of-life and out of support by 2030, which would eliminate security updates, vendor maintenance, and tax-compliance support. They argued that replacement is necessary to protect sensitive personnel and health data, maintain payroll accuracy, and avoid major operational and cybersecurity risks. Officials described the project as a true replacement, not just an upgrade, and said the proposed $151 million request covers a five- to six-year implementation, stabilization, and ongoing maintenance period. They broke down the estimate as including roughly $54 million for software licensing and hosting, about $76.5 million for systems integrator/professional services, and additional amounts for independent verification and validation, dependent verification for the health plan, FSA administration, contingency staffing, and hardware-related needs. They said the cost increase from prior estimates was mainly due to inflation and updated requirements. They also noted that payments would be tied to deliverables and checkpoints, with third-party IV&V oversight, and that the cabinet expects to continue normal quarterly IT reporting to LRC while also providing at least monthly project updates because of the 2030 deadline. Committee members asked about the total cost of ownership, recurring operating costs, the size of the integrator contract, how vendor costs were estimated, and how progress would be tracked. Officials said they used market research, peer-state comparisons, vendor discussions, and independent reviews, including input from AON and a third-party QA resource. They explained that the integrator would handle requirements mapping, system design, configuration, training, change management, and implementation support across the Personnel Cabinet, KHP, and other stakeholders. No vote or formal action was taken during the discussion; the meeting consisted of testimony, questions, and answers on the funding request and implementation plan.
FL

Florida 2025 Regular Session

January 14, 2025 - 01:00 PM

Transcript Highlights:
  • It's what the cost is to replace your home or up to its coverage limits.
  • If it now costs more year over year to replace your house, that means you need more insurance to replace
  • The value of a house, meaning the replacement cost, so whether it's a $400,000 replacement cost or $750,000
  • replacement cost, has a really big impact.
  • Because the replacement cost is so much more. It's more expensive for labor.
Summary: The subcommittee held its first meeting on homeowners property insurance, with members from both parties introducing themselves and repeatedly noting that insurance affordability, roof condition, claims handling, and storm recovery are top concerns for their districts. Chair Yeager said the meeting was intended as an educational discussion rather than a legislative debate, and introduced a panel that included Insurance Commissioner Mike Yaworski, consumer Chad Carr, agent Mary Catherine Lawler, insurer executive Melissa Burt DeVries, and policyholder attorney Chip Merlin. The panel and members discussed major cost drivers in Florida homeowners insurance, including inflation, home age, roof age, mitigation features, claims history, litigation costs, reinsurance, and the Florida Hurricane Catastrophe Fund. Commissioner Yaworski said underwriting has become more sophisticated and that litigation costs, reinsurance, and replacement-cost inflation all affect premiums; he also said litigation is down about 30% and average requested rate increases have fallen from about 22.1% in 2022 to 0.8% today. DeVries said age of home, replacement cost, roof age, and coverage choices can materially change premiums, and explained that reinsurance is a major expense passed through to consumers. Merlin emphasized transparency concerns, argued that insurers are increasingly individualizing risk, and said consumers often struggle with coverage limits, deductibles, and claim denials. Members asked about flood coverage, hurricane deductibles, managed repair programs, mitigation credits, new insurer capitalization, and whether savings from reforms are reaching consumers. Yaworski explained that flood is generally excluded from homeowners policies and covered separately, that hurricane deductibles are mandatory in Florida and usually around 5%, and that the office tracks savings from reforms through rate filings and insurer discussions. He said the state is updating mitigation discounts and monitoring new entrants closely for solvency and market conduct. Several members and panelists said recent reforms have helped reduce some abuses and litigation, but many consumers are still seeing higher premiums because replacement costs and reinsurance remain elevated. No votes or formal actions were taken.
FL

Florida 2026 4th Special Session

February 18, 2026 - 08:00 AM

Commerce Committee

Transcript Highlights:
  • Increased to the cost of homes to 30% due to delays.
  • Swimming pool and spa heaters are not just drop-in, plug-and-play replacements.
  • What changed in 2012 is that the HVAC industry was illegally performing these replacements.
  • You can only go to one person to get it repaired or replaced.
  • You replace it in the unit; it's not that big of a deal.