Video & Transcript Research : 'bond allocation'
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TX
Transcript Highlights:
- Who is better at allocating resources and capital, the private sector or the government sector?
- And they've quietly outperformed public stocks, bonds, and cash for decades.
- It'd be a subaccount of the ESF, an allocation of the ESF, right, but it still would be parted.
- And in fact, the legislature could allocate those, those returns in any manner it sees fit.
- Good morning Chairman Bond and Vice Chairman Gonzalez and members, uh. Mr.
Bills:
HB104
Keywords:
property tax, ad valorem tax, tax rate election, voter-approval tax rate, no-new-revenue tax rate, de minimis rate, local government, special district, tax increase, tax notice, public hearing, tax code, Health and Safety Code, Texas property taxes, taxing unit, election threshold, two-thirds vote, majority vote, budget approval
MO
Transcript Highlights:
- The bond counsel did not like the language for whatever reason.
- They told us we need legal authority and incorporate definitive bond terms.
- The cost of the bonding is the same as what was passed in last year's budget.
- I can't imagine bond counsel would take issue with any of that.
- It's, I know, a C-U-A-S allocation. That's the name of the federal grant. Yeah.
MN
Minnesota 2025 1st Special Session
House Transportation Finance and Policy Committee 2/10/25 - Part 2
Transportation Finance and Policy
Transcript Highlights:
- bonds.
- bonds.
- with trunk Highway bonds and and as well with trunk Highway bonds and and I<01:55:10.520>
was - <01:55:18.119>
bill million um trunk Highway bonding bill million um trunk Highway bonding - bonds.
Bills:
HF5
Keywords:
tax modification, transportation funding, electric vehicle tax, Social Security subtraction, retail delivery fee, motor vehicle registration, state budget, transportation policy, 1183, house
Summary:
The Transportation Committee resumed consideration of House File 5, which would reduce transportation-related revenues while also providing tax relief, including a subtraction for Social Security income, elimination of the delivery fee, and a cap on automatic gas tax indexing. The committee adopted the A1 author’s amendment, which added the phrase “using existing resources,” and then proceeded to public testimony. Representative Joy described the bill as making Minnesota more affordable, while several members and testifiers raised concerns about the impact on transportation funding and road maintenance.
MnDOT Commissioner Nancy Doppenberg testified that reductions in planned transportation investments would worsen pavement, bridge, and roadway conditions, reduce construction projects and jobs, and add to an already large funding gap. Committee discussion focused on the estimated revenue losses from the bill, including about $45 million in fiscal year 2026 and $55 million annually from repealing the delivery fee, plus additional losses from capping gas tax indexing, for a combined transportation revenue reduction of about $131 million in the 2026-27 biennium. Members also asked about bridge aesthetics, paint, transit impacts, and whether other mandates and cost increases should be considered alongside revenue reductions.
Supporters of the delivery fee repeal, including the Minnesota Grocers Association and Minnesota Retailers Association, argued the fee is costly to administer, confusing to consumers, and disproportionately burdens small businesses and lower-income or disabled consumers who rely on delivery. The Minnesota Association of Townships and the Minnesota Transportation Alliance emphasized that rural and local governments face major road and bridge funding needs and warned that reducing revenue would shift costs to property taxpayers or leave projects unfunded. No final vote on the bill was taken in the portion of the meeting provided; the committee continued with testimony and member questions.
TX
Texas 89th 2nd C.S.
S/C on Telecommunications & Broadband Apr 16th, 2025
S/C on Telecommunications & Broadband
Transcript Highlights:
- looking at the broadband equity access and deployment programs, the federal program that Texas has allocated
- We received an allocate that allocation in June of 2023.
- When that allocation was made, Texas had almost 780,000 locations that were considered eligible.
- capital and allocating investments, and this bill would benefit urban, suburban.
- Um, and so in, in initial planning for the 26 bond, we're anticipating spending roughly $500 million
MS
Mississippi 2026 Regular Session
MS Senate Floor - 13 January, 2026; 10:00 AM
Mississippi Senate Floor Meeting
Transcript Highlights:
- mayor of McGee, and then also on behalf of Senator Rhodess and myself, uh, Miss Cynthia Patterson Bond
- mayor of McGee, and then also on behalf of Senator Rhodess and myself, uh, Miss Cynthia Patterson Bond
- Thank you, Bond of Florence. Thank you, >> Senator<00:26:40.000>
Younger. - Uh, you will see that we've allocated over 200 bills to committees. >> Senator Blackwell. >> Thank you
- We stand in recess. allocated over 200 bills to committees. allocated over 200 bills to committees.
Summary:
The Senate convened, the clerk called the roll, and a quorum was declared. The chamber then heard an invocation by Reverend Curtis Strong of Mount Vernon Missionary Baptist Church, followed by the pledge of allegiance led by Senator Thomas. The Senate approved motions to dispense with the reading of the journal, committee reports, and the titles of bills and resolutions. Several guests were introduced, including members of the Convention of the States in Mississippi, a Yazoo County delegation celebrating Yazoo Day at the Capitol, the doctor of the day, Dr. Pete Ara of Pascagoula, former senator and BEAM director Sally Doty, the Mississippi Worker Center for Human Rights and City University of New York group, and a group of junior pages.
The main floor action was a resolution honoring Dr. Charles Mlen, commissioner of the Southwestern Athletic Conference and newly appointed NCAA board of governors member, for his financial and athletic impact and for elevating the national image of the SWAC. Senator Norwood presented the resolution and Dr. Mlen addressed the Senate, speaking about his Mississippi roots and thanking the chamber for the recognition. The Senate also recognized additional Yazoo County visitors and other guests in the gallery.
Members then made a series of announcements about upcoming committee meetings and events, including the legislative prayer breakfast, a Visit Jackson reception, budget hearings, an air task force meeting, and tourism committee business. Several senators asked that the Senate adjourn in memory of individuals including Shelton McCay, Delmo Payne, Mayor Dale Barry, Cynthia Patterson Bond, Boyce Davis, and Nona Living Plazo. The Senate ultimately adopted Senator Blackwell’s motion to stand in recess until 5:00 p.m., with the journal to reflect adjournment until 10:00 a.m. the next morning.
TX
Transcript Highlights:
- But the portion, a portion of the of the severance tax, it needs to be allocated, and we call this the
- We did a $200 million bond issue for schools in Midland a year ago.
- These areas, even in the small areas, are passing bond issues and stuff to build facilities.
- of why I think this is so important right now in Midland, Texas and in Odessa, Texas today, we have bond
- As we continue with bonds and all these sorts of things, and we don't get to see property tax relief
Keywords:
emergency preparedness, flood-prone communities, Texas Rural Emergency Preparedness Fund, disaster relief, funding, youth camp, safety regulations, advisory committee, child welfare, health standards, summer camp, camp safety, child abuse reporting, child neglect, mandatory reporting, background check, criminal history check, sex offender registry, CPR training, first aid
ND
North Dakota 2026 1st Special Session
Water Topics Overview Committee Jun 10th, 2026 at 09:00 am
Water Topics Overview Committee
Transcript Highlights:
- Ability to have improvement bonds.
- The Drinking Water Program has revenue bonds making up about 79% of that portfolio, and improvement bonds
- And the Clean Water Program has about 70% revenue bonds and 30% improvement bonds.
- DOT has allocations, DOT has state funds.
- DOT has allocations, DOT has state funds.
TX
Transcript Highlights:
- are able to recover damages through alternative forms of financial assurances such as performance bonds
- with the counties, but counties won't be able to compel a cash bond.
- will read the caption: HB 206, relating to a limitation on a county's authority to require a cash bond
- Senate Bill 2137, relating to allocation of low-income housing tax credits.
- Senate Bill 2137, relating to the allocation of low-income housing tax credits.
Summary:
The Senate opened with an invocation by Pastor Tedrick Woods, followed by routine chamber actions including excusing Senator Gutierrez and receiving House messages that the House had passed HB 21 and HB 49. Senators also recognized advocates visiting the gallery on focal segmental glomerulosclerosis awareness and introduced the Doctor of the Day. The chamber adopted several resolutions, including HCR 66, by voice vote.
The Senate then took up and passed a series of measures, often by suspending the regular order and the constitutional three-day rule. Among the bills finally passed were HJR 2, which would prohibit state death taxes; HB 206, limiting counties from requiring cash bonds for pipeline construction; HB 517, barring property owners associations from fining homeowners for discolored vegetation during watering restrictions; HB 2756, requiring TDCJ correctional officers to receive de-escalation and behavioral health training; HB 451, expanding screening for commercial sexual exploitation risk among children in DFPS and TJJD custody; SB 705, cleaning up the air conditioning and refrigeration contractors advisory board; SB 2017, creating an offense for burnouts and wheelies; SB 1858, expanding body armor grant eligibility to ISDs; SB 1400, directing a study on transfer-student outcomes for community college funding; SB 2764, requiring notice to manufactured home buyers about converting homes to real property; SB 748, a licensing cleanup bill on laser hair removal; SB 2519, restricting certain ad valorem tax uses and bonds after amendment; SB 2878, the courts bill with amendments on Brazoria County courts and youth diversion provisions; SB 466, allowing families to request fetal death certificates at any gestational age; SB 1608, requiring timely physical exams for inpatient mental health admissions; SB 1730, limiting civil damages claims arising from certain uses of force or deadly force; SB 2417, clarifying Attorney General antitrust investigation work product and discovery rules; and SB 1946, creating a family violence, criminal homicide prevention task force. The Senate also passed HB 3204, renaming and updating the Polytechnic College at Sam Houston State University, and SB 1986, requiring opioid warning labels.
Several bills drew brief debate or amendments. Senators discussed broader HOA reform while considering HB 517, and SB 2203 on TCEQ discovery procedures was amended to require party motions, set a 15-day expiration for certified issues, and limit hearing abatement. SB 2017 was amended to change the mens rea language from knowingly to intentional. SB 2519 was narrowed by amendment to a forward-looking policy statement separating maintenance-and-operation taxes from debt-service taxes. SB 2878 also received amendments to reduce the number of new Brazoria County courts and add youth diversion and crisis-response provisions. SB 466 prompted a floor debate over whether fetal death certificates are appropriate for pre-20-week losses, with supporters emphasizing family closure and opponents arguing the document has no estate-related purpose. SB 1730 also prompted questions about the relationship between criminal findings and civil liability in self-defense cases. The session concluded with additional House and Senate measures being signed in the presence of the Senate and continued consideration of SB 2177, a grant program to help local law enforcement solve violent and sexual offenses.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 5 on State Administration May 19th, 2026
Transcript Highlights:
- These increases are to align the federal WIOA funding with estimated federal allocations.
- The third item is tied to both of those proposals in giving us provisional language to allow for bond
- It's really more of a technical item for how we pay for rental agreements based on bond funding.
- The Cannabis Tax Fund does not receive its allocation until mid-November.
- This loan would be repaid once the November allocation is received, creating a clean solution.
Summary:
The Assembly Budget Subcommittee 5 on State Administration held a May Revise hearing focused on state administration proposals, with the chair noting no actions would be taken and all items would remain open. The committee heard presentations on a range of budget proposals, including technical adjustments for the Governor’s Office of Service and Community Engagement and the California Workforce Development Board, security and election-related funding for the Secretary of State, modernization and loan-backfill requests for the Department of Consumer Affairs, and multiple Employment Development Department updates covering EDD Next, UI and DI/PFL benefit estimates, workforce funding, and an EMT training reappropriation.
Several items drew discussion from the LAO and committee members. The LAO generally supported technical or modernization items such as PERB’s implementation requests, GoServe’s College Corps adjustment, the Secretary of State’s security and HAVA grant items, and the Board of Pharmacy modernization proposal, but raised concerns about the Bureau for Private Postsecondary Education’s proposed $10 million General Fund backfill and interest-free loan language. For EDD, the LAO flagged the size of the DI/PFL benefit adjustment and the unusual structure of the document management system proposal within EDD Next, while EDD said the changes reflected higher participation and benefit levels after SB 951 and ongoing modernization needs.
The Department of Industrial Relations drew the most extensive questioning. It proposed funding for legal unit reclassifications, EAMS and Cal/OSHA data modernization, a new Cal/OSHA emerging technologies unit, a COYA reappropriation, and trailer bill changes requiring electronic payment of employer assessments and adjusting the Workers’ Compensation Appeals Board timeline. Members pressed DIR on high vacancy rates, long wage theft and workers’ compensation backlogs, low collection rates for fines, and the need for clearer workload and outcome measures. DIR said the requests were intended to improve efficiency, support audits and corrective action plans, and better address emerging workplace risks, while the LAO said the workload drivers behind delays remain unclear. The hearing also included support for CalHR’s employee assistance program consolidation and CDT’s proposal to expand “Poppy,” a statewide generative AI assistant for state employees.
NM
New Mexico 2025 Regular Session
IC - Public School Capital Outlay Oversight Task Sep 9th, 2025
Public School Capital Outlay Oversight Task Force
Transcript Highlights:
- have the Public School Capital Outlay Council, a nine-member committee that really manages the allocation
- I mean, they bond, they exhaust their bonded indebtedness, and they pay just a fractional cost to what
- , although I think you may have been included in a bond historically.
- This required bond issuance from Wisconsin and a bank in Denver.
- We were willing to purchase the bonds, which is really bizarre when we're talking about efficiency.
MN
Transcript Highlights:
- <00:18:58.159>
um <00:18:58.280>so <00:18:58.440>even allocated um so even allocated - And they secured a bond, and that bond on the front four rinks has now been paid off, and that asset
- They secured a bond, and that bond on the front four rinks has now been paid off, and that asset then
- <00:51:50.400>
the secured a a bond and that Bond on the secured a a bond and that Bond on - Thank you, Madam Chair. capital investment the bonding committee capital investment the bonding committee
MA
Massachusetts 2025-2026 Regular Session
Senate Committee on Climate Change and Global Warming Jun 21st, 2026 at 10:00 am
Senate Committee on Climate Change and Global Warming
Transcript Highlights:
- And while we always want to be thoughtful about fine-tuning cost allocations, I'm not sure that's an
- And while we always want to be thoughtful about fine-tuning cost allocations, I'm not sure that's an
- I don't think you can just lift the cap without figuring out the cost allocation, but I think we've learned
- This fee would allocate the cost of certain grid upgrades across small solar customers.
- The developers have a large carrying cost on using that cash, and bonding is a much less expensive way
Summary:
The hearing focused on ways Massachusetts can accelerate solar deployment, lower costs, and preserve reliability as electricity demand rises and federal support for solar and other renewables changes. Chair Creem opened by emphasizing solar’s role in meeting climate mandates and peak demand, citing June heat-wave data showing behind-the-meter solar reduced wholesale prices and saved ratepayers money. Commissioner Elizabeth Mahoney of DOER said Massachusetts has grown from 3 MW of solar in 2008 to 3.5 GW today, highlighted SMART 3.0 as a flexible, evergreen incentive program, and said DOER is working on updated rates, interconnection reforms, flexible interconnection, net crediting, and a petition to the DPU to speed implementation. She also said Massachusetts joined the lawsuit over canceled federal Solar for All funding.
Committee members and witnesses discussed several policy changes to speed projects before federal tax credits expire, including automated permitting, remote inspections, faster interconnection, and changes to caps on municipal and regional solar development. Senator Barrett pressed Mahoney on whether the 10 MW municipal cap and regional caps should be lifted, and on whether the state should increase its solar tax credit to offset the loss of the federal residential credit. Mahoney said the municipal cap should be revisited and that interconnection cost allocation and other market issues need to be worked out before lifting broader caps. She also said DOER is open to automated permitting and is already developing a permitting portal under the 2024 climate law.
Industry and advocacy witnesses largely supported streamlining measures. Sunrun’s Bronte Payne urged removal of a proposed requirement that all net-metered facilities enroll in SMART, and recommended automated permitting, remote inspections, flexible interconnection, better hosting-capacity information, consumer protections, and continued support for Connected Solutions and virtual power plants. Permit Power’s Hannah Bernbaum and Solar App’s Matthew McAllister argued that smart permitting and remote inspections can significantly reduce soft costs and delays, with McAllister saying Solar App now operates in over 320 jurisdictions and saves about three weeks on average. They said remote inspections are already common and can be done safely with photos, video, and qualified third parties. Community solar and clean energy advocates, including CCSA’s Kate Daniel and Vote Solar’s Lindsay Griffin, supported a 10 GW solar target by 2035, a higher refundable state tax credit for low-income households, interconnection reforms, flexible interconnection, and preserving the option to build outside SMART so projects can retain renewable energy certificates. No votes were taken; the hearing was informational, and members requested follow-up materials and draft language from witnesses.
CA
California 2025-2026 Regular Session
Assembly Budget Committee Jun 29th, 2026
Transcript Highlights:
- And these are anticipated revenues that will be set aside for allocation in next year's budget.
- And of course, just this last week, there was support for a housing bond.
- We need to make sure when these funds are allocated, there's accountability and transparency.
- We need to make sure when these funds are allocated, there's accountability and transparency.
- We look forward to working with the administration on expediting those allocations. Thank you.
Summary:
The Assembly Budget Committee met to consider the final three-party agreement for the 2026-27 state budget and 19 implementing bills, including two budget bill juniors and 17 trailer bills. Committee leadership and administration officials described the budget as a balanced plan that reduces out-year structural deficits, maintains large reserves, and makes major investments in health care, education, housing, child care, public safety, and other core services while also responding to expected federal cuts and fiscal uncertainty. The Department of Finance outlined the package’s major components, including Medi-Cal adjustments, education funding increases, higher education changes, child care and human services updates, housing and homelessness funding, energy and transportation provisions, and tax and general government changes.
Members asked questions about several provisions, including CSU enrollment targets and turnaround plans, the Prop. 98 settle-up mechanism, the plastics market development payment program, housing accountability measures, NextGen 9-1-1 implementation, and veteran services. Staff and administration witnesses explained that the higher education language is intended to improve campus-by-campus reporting and oversight, that Prop. 98 settle-up would be finalized later through the statutory certification process, and that NextGen 9-1-1 now includes one-time funding, quarterly reporting, an independent technical review, and a state audit. Members also discussed the HAP homelessness funding increase to $900 million and the balance between accountability and timely distribution of funds.
The most extended exchange centered on comparisons between funding for veterans and Medi-Cal/immigrant health coverage. Republican members argued the budget spends far more on undocumented immigrant services than on veterans, while Democratic members and Finance staff responded that the comparison was misleading because many veterans’ services are federally funded and the state budget also includes dedicated veteran support. The chair and other members emphasized that the budget reflects difficult tradeoffs and that the package protects vulnerable populations, preserves health care access, and advances affordability. No final vote was described in the excerpt, but members indicated support for the overall package and said they would support it on the floor.
MN
Transcript Highlights:
- PSIG on top of that were the geo bonds PSIG on top of that were the geo bonds for<00:20:46.160><
- year's bonding bill.
- program and and bonding bills. program and and bonding bills.
- projects you will see in our bonding projects you will see in our bonding request.<01:08:16.000>
- bonds issued by the Met Council. bonds issued by the Met Council.
TX
Transcript Highlights:
- Insurance AB 1053 by Derazio relating to the text of municipal ballot propositions on the issuance of bonds
- HB 1119 by GAAs relating to the manual report of the regional allocation of mental health beds, refer
- Bond refer to the Committee on Pensions, Investments and Financial Services.
- Derazio proposing a constitutional amendment appropriating certain surplus revenue to school district bond
- proposing a constitutional amendment authorizing the legislators set a minimum amount of monetary bond
HI
Hawaii 2025 Regular Session
WAM-LBT, WAM-TCA, WAM-HHS Informational Briefings 01-16-2025
Hawaii Senate Floor Meeting
Transcript Highlights:
- The same thing with the CFC bonds, and that is the bonds that were used to finance the construction,
- <02:20:45.439>
that CFC bonds and that is the bonds that CFC bonds and that is the bonds that - we'll need to secure the loan in the way that we need bond counsel for a bond sale.
- that we need Bond Council for a bond that we need Bond Council for a bond sale<02:47:37.960>
- reimburse bonds.
KY
Kentucky 2025 Regular Session
Senate Standing Committee on Appropriations and Revenue (3-5-25)
Transcript Highlights:
- The money on the pension side was then replaced with a series of bonds the Commonwealth issued and paid
- <00:04:16.359>
the replaced with a series of bonds the replaced with a series of bonds the - That could adversely impact the ledger sheets of the districts and cause their bond rating to change,
- and even cause bonds to cost more for the districts and they pay more on interest unnecessarily.
- rating to change and even their bond rating to change and even cause<00:21:11.360>
bonds <00:21
Keywords:
Meeting Start 00:00:00
Roll Call 00:00:05
HB 545Discussion 00:00:40
HB 545 Vote 00:01:35
HJR 54 Discussion 00:02:25
HJR 54 Vote 00:03:10
HB 694 Discussion 00:03:42
HB 694 Vote 00:28:25, 958, all
Summary:
The committee met with a quorum and first took up House Bill 545, a routine claims bill. Representative Tim Truett explained it as a measure to pay debts the Commonwealth owes. The bill received a motion, a second, and a roll call vote, and passed with favorable expression and no nay votes.
Members then considered House Joint Resolution 54, which related to the Kentucky State Fair Board’s expansion plan. The chair explained that the resolution simply acknowledged receipt and approval of the plan so previously appropriated funds could be released. The resolution passed by roll call with no nay votes and was reported favorably to the floor.
The main discussion centered on House Bill 694, concerning the Kentucky Teachers Retirement System medical insurance fund and the 2010 “shared responsibility” agreement. The bill would redirect employer contributions from local districts from the health side to the pension side once the plan reaches 100% funded. The chair and Senator Givens argued the bill was a continuation of the state’s long-term commitment to TRS and taxpayer responsibility, while Senator Neal raised concerns about fairness, the timing of the change, and whether the original agreement and statutory trigger for TRS board recommendations had been honored. Testimony from KEA President Eddie Campbell and former Jefferson County Teachers Association president Brent McMahan supported the 2010 agreement but urged the committee to pause the bill, saying the parties should return to the table and that the current proposal could conflict with the original understanding, create actuarial and legal issues, and potentially affect school district finances and bond ratings. Despite those concerns, the committee voted 8-1 to pass House Bill 694 with favorable expression, with Senator Neal voting no and explaining his objection as a process and good-faith concern.
MN
Minnesota 2025 1st Special Session
House Transportation Finance and Policy Committee 4/11/25
Transportation Finance and Policy
Transcript Highlights:
- A bonding package is one of— A bonding package is one of— I'm going to have to ask you to wrap up shortly
- the governor's recommended allocation the governor's recommended allocation for<01:05:00.480>
- So Hennepin County has a specific allocation for that.
- It's that is not currently allocated.
- trunk highway bonding would gobble up our ability for a bonding committee to also address other needs
Bills:
HF2438
Keywords:
transportation finance, transportation policy, MnDOT, Minnesota Department of Transportation, Department of Public Safety, Metropolitan Council, highway funding, trunk highway fund, county state-aid highway fund, municipal state-aid street fund, state aid roads, local roads, bridge funding, road construction, transit funding, passenger rail, freight rail, aviation, airport development, safe routes to school
NH
New Hampshire 2025 Regular Session
House Finance Division I (01/29/2025)
Transcript Highlights:
- <00:02:46.959>
is 2025 their general fund allocation is 2025 their general fund allocation - we invest with um the ask allocation we invest with um the ask allocation they<02:21:00.600>
- Our asset allocation, this is that we want to reduce equities and allocate more to private credit and
- Our asset allocation, this is that we want to reduce equities and allocate more to private credit and
- They have proposed changing the law so the asset allocation will reduce equities and allocate more to
Summary:
The Department of Administrative Services presented an overview of its budget and operations, emphasizing that it is the lowest-spending agency in state government and that its general fund allocation has declined since 2019. Commissioner Arling House explained that DAS also handles back-office functions for several administratively attached boards, which has affected staffing and spending comparisons. He said the department’s current general fund spending is roughly split between retiree health and other operations, and that the presentation was based on adjusted authorized spending rather than the original budget figures.
A major portion of the meeting focused on retiree health benefits and the long-term effort to control costs. Deputy Commissioner Cassie Keane described how the state moved from a projected deficit in retiree health to savings through a series of changes, including higher premium contributions, co-pay adjustments, and shifting Medicare retirees into Medicare Advantage arrangements to capture federal reimbursement. She said the state has about 12,500 retirees and spouses on the plan, with roughly 10,906 Medicare retirees and 1,580 non-Medicare retirees, and that the savings have depended heavily on federal funding and procurement decisions. She also noted that Medicare retirees pay Part B premiums and that the state has grandfathered older retirees from some premium contributions.
Members asked about what the expenditures cover, why the state offers retiree health instead of simply giving retirees a payment to buy coverage themselves, and whether out-of-pocket costs changed under Medicare Advantage. Keane said the plan covers actual health claims or insurance premiums, that co-pays and maximum out-of-pocket limits remain in place, and that the state has no authority to change benefit details without legislative action. She explained that retiree health is a long-standing employee benefit that wraps around Medicare and is not collectively bargained in the usual sense, though its eligibility rules and cost-sharing have been tightened over time to better target the benefit to long-term state service.
The discussion also covered vendor performance problems. Keane said Anthem recently won the contract back from Aetna, but its pharmacy subsidiary, Caroline, caused serious service disruptions. DAS responded by withholding payments, assessing more than $2 million in performance guarantees, and hiring a third-party auditor to review the pharmacy processes. The current contract runs through the end of calendar year 2026, and officials said they are watching federal Medicare Advantage reimbursement changes closely because future savings are uncertain.
HI
Hawaii 2025 Regular Session
HED/EDN Joint Public Hearing - Wed Feb 5, 2025 @ 2:00 PM HST
Transcript Highlights:
- ...when revenue bonds might be a better means of financing than a general obligation bond.
- bonds, and that's because revenue bonds are debt of the University.
- versus, say, state GO bonds.
- The pharmacy school at Hilo was partially funded with revenue bonds mixed with GO bonds.
- bonds and the things bonds mixed with go bonds and the things that<00:30:15.200>
make <00:30:15.600
Summary:
The committee first heard House Bill 707, which would create a state income tax deduction for contributions to Hawaii 529 college savings accounts and conform state law to federal changes allowing 529 funds to be used for K-12 expenses. The Department of Taxation said it could administer the bill as written. The Hawaii State Council on Developmental Disabilities supported the measure but asked that ABLE accounts be included and that the program title be changed; the Department of Taxation indicated the title issue could be a problem because the bill’s expanded purpose may not fit the current program name. No vote was taken.
The committee then heard House Bill 617, which would fund a Bachelor of Science in Nursing program at the University of Hawaiʻi Community Colleges. UH Community Colleges supported the bill, and Maui nursing staff testified that faculty recruitment is challenging but manageable, clinical placements are available, and the campus already has a statewide RN-to-BSN pathway; they said the new program would create two tracks, including a four-year BSN option. Members also heard support from several organizations, including the Office of Hawaiian Affairs, nursing groups, and health care associations. No action was taken.
Next were several UH-related measures. HB 718 would fund faculty and staff positions at the John A. Burns School of Medicine; the dean and other supporters testified in favor. HB 1279 would create a medical education liaison position tied to Project ECHO; the Attorney General raised constitutional concerns about statewide concern and grant standards, while an individual witness supported the concept but suggested the bill should focus on liaison/support functions rather than program administration. HB 1169 would consolidate conference center revolving funds, and HB 1168 would authorize up to $800 million in UH revenue bonds; UH’s CFO said both were procedural/housekeeping measures and supported them. On HB 1168, members questioned debt service, possible uses, and whether deferred maintenance would be included; the CFO estimated annual debt service could be about $33 million to $41 million at current rates, said likely uses could include student housing and research facilities, and said deferred maintenance was not the current strategy. The CFO also explained that revenue bonds require both legislative authorization and a Board of Regents resolution approving the project and amount.
Finally, the committee heard HB 548, which would authorize revenue bonds and appropriations to acquire the St. Francis School campus for UH Mānoa. UH supported the bill but noted the property is privately owned and not known to be for sale. A supporter described the site as a unique 11-acre parcel contiguous to the main campus and urged the committee to seize the opportunity for future generations. No vote or final action was taken on the bills in the transcript.