Video & Transcript Research : 'replacement cost value'

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MN

Minnesota 2025 1st Special Session

House Capital Investment Committee 2/27/25

Capital Investment

Transcript Highlights:
  • These buildings have a replacement value of over $11.2 billion.
  • fet these buildings have a replacement fet these buildings have a replacement value<00:04:20.479
  • Our replacement value for all of our assets is over $1 billion.
  • Our replacement value for all of our assets is over $1 billion.
  • <00:18:45.679> of<00:18:45.799> our replacement value is for all of our replacement value
Bills: HF919, HF1192, HF212, HF214
KY
Transcript Highlights:
  • This project will replace the pool.
  • /c><00:25:07.120> office<00:25:07.440> in replacement for our current office in replacement
  • , two siphon replacements, two siphon replacements, um<00:31:15.039> replacement<00:31:15.679
  • The project will replace the project.
  • Some other things we can replace it.
Summary: The committee first approved the November minutes and received information items on University of Kentucky medical and research equipment purchases, five school districts reporting upcoming bond issues with no additional tax levies needed, and a School Facilities Construction Commission list of prior debt issues for fiscal year 2026. It then considered an appropriation increase for a University of Kentucky project at the Central Kentucky Regional Airport in Richmond. University officials said the project is 100% federally funded and will construct a terminal building tied to EKU’s airport operations and planned flight school. Members asked about the relationship to aviation expansion and whether the flight school would be publicly operated; the witnesses said EKU would operate it, public appropriations had already been applied, and student revenue would help offset costs. The committee approved the item by roll call vote. Next, the committee approved a University of Kentucky lease purchase for property at 415 West Sun Street in Morehead, Rowan County, for $6.4 million. UK said the property, which includes an 85,000-square-foot facility on 9.6 acres, is directly across from UK St. Clair and was offered by the Rowan County Board of Education after it moved to a new location. Members questioned why the payment schedule was structured as quarterly installments and why the price was below two appraisals; UK said the board requested the arrangement and did not want the full amount upfront, and there was no interest on the purchase price. The committee also approved this item. The deputy state budget director then reported three appropriation increases in the Tourism, Arts and Heritage Cabinet: a Ballard Wildlife Management Area pump station project, Lake Barkley State Resort Park emergency repairs, and Lake Barkley lodge wing exterior repairs. After questions, staff explained the Lake Barkley increases were mainly to cover construction contingencies because bids came in close to available funding. The committee approved the action items, then heard four no-action pool projects: HVAC upgrades at the FFA leadership training center in Hardinsburg, Kentucky School for the Blind’s McDaniel Scoggin building, KSD’s Brett Brady Hall, and a Kentucky State University Shanty Hall renovation for the School of Engineering Technology. Finally, the committee heard two real property items: a new CHFS lease in Wayne County and a Transportation Cabinet lease modification in Christian County. The Wayne County lease drew the most discussion, with members questioning the high per-square-foot cost and whether another county location could be used; CHFS said it maintains offices in every county seat, this lease would replace an existing 1977 office, and the new construction was negotiated down from a higher initial bid. The Christian County item was described as a replacement site for driver licensing space, with renovation costs partly absorbed by the lessor and the remainder amortized over the lease term.
OK

Oklahoma 2026 Regular Session

Appropriations and Budget Health Subcommittee Jan 22nd, 2026 at 09:30 am

A&B Health Subcommittee

Transcript Highlights:
  • It cannot replace one of the limitations. It cannot replace existing funding.
  • It's again, it's not going to replace the money. It's not designed to replace the cuts.
  • And the costs of the laundry supplies will have gone up. The cost of food will have gone up.
  • And then driving the cost down.
  • Well, it's fully burdened cost.
Keywords: 914, all
AL

Alabama 2025 Regular Session

Alabama Senate Feb 18th, 2025

Alabama Senate Floor Meeting

Transcript Highlights:
  • This is for replacement.
  • The estimated cost of these... the estimated cost of these when they were brought up, they were of a
  • The cost overruns were huge.
  • 413 on page fifteen with the following: Replace line 415 on page fifteen with the following: Replace
  • : Replace line 52 on page two with the following: Replace line 65 on page three with the following.
NH

New Hampshire 2025 Regular Session

Senate Education (03/03/2025)

Education

Transcript Highlights:
  • costs, the different costs.
  • costs, the different costs.
  • costs, the different costs.
  • costs, the different costs.
  • costs, the different costs.
Keywords: 1191, senate, all
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Environment and Natural Resources Jun 21st, 2026 at 01:00 pm

Joint Committee on Environment and Natural Resources

Transcript Highlights:
  • So it's a lot of material at a high cost.
  • There's been much discussion about not just the value of it or the problems of replacement, but what
  • This causes municipal trash costs to rise for everyday consumers, not to mention the environmental cost
  • They have to pass the cost on to their residents because Prop 2.5 can’t absorb these costs.
  • These costs increase in...
Keywords: 995, all
Summary: The Joint Committee on Environment and Natural Resources held a heavily attended hybrid hearing focused primarily on plastics reduction bills, along with a few local and related waste-management measures. Chair Rauch and Chair Barber outlined strict testimony rules because of the large number of speakers. Before the plastics docket, the committee heard support for a local Sharon sewer-extension bill for a Sunrise Senior Living project, and the bill’s proponents said the project would help address senior housing needs and would still require MWRA and local approvals. The chairs also noted a separate local matter involving Sharon and the MWRA. A major portion of the hearing centered on the Plastics Reduction Act and related bills addressing single-use plastics, including plastic bags, polystyrene, black plastic, plastic beverage bottles, non-flushable wipes, skip-the-stuff provisions, and truth-in-labeling. Sponsors and supporters said the bills would reduce litter, microplastics, greenhouse gas emissions, and municipal waste costs, while creating statewide consistency and supporting environmental justice communities. Several speakers cited local bans already adopted by many Massachusetts cities and towns, and many urged the committee to advance comprehensive statewide action. The committee also heard testimony on a boat wrap recycling bill, a mattress recycling bill, and a bill to prohibit hotels from providing small plastic toiletries. Municipal officials and waste professionals supported extended producer responsibility for paint and labeling for non-flushable wipes, saying these measures would shift costs away from cities and towns and reduce strain on wastewater systems. The Massachusetts Municipal Association, Mayor Ruth Ann Fuller of Newton, and a Franklin County waste official all backed paint EPR and wipes labeling. Fire Chief Brian Nardelli testified for the Fire Chiefs Association in support of lithium-ion battery legislation, citing fire safety and disposal concerns. Other speakers, including environmental groups, local activists, and business representatives, supported bag and polystyrene bans, though the Retailers Association of Massachusetts urged any bag policy to be truly statewide and said any bag fee should be retained by retailers. No votes were taken during the hearing.
CA
Transcript Highlights:
  • I know that one of the issues that was expressed was the cost not the cost the salaries that they're
  • And then 23, we replaced the chilling pipes.
  • So the total value of the industry is contracted.
  • Lower costs for the licensed industry, more enforcement, and higher costs for the illicit industry.
  • So a lot of our work is really shifting from kind of a value, not necessarily the values frame.
Keywords: 988, house, all
NH

New Hampshire 2025 Regular Session

House Public Works and Highways (03/18/2025)

Transcript Highlights:
  • We needed to replace the ceiling and the floor, and it cost close to $50,000 because we didn't have the
  • than they cost.
  • than they cost.
  • The committee had asked specifically for the department to provide the cost of replacing the Glen Cliff
  • <01:46:03.320> of Department to provide the cost of Department to provide the cost of replacing
Keywords: 928, house, all
Summary: The committee held a public hearing and work session on House Bill 25/25A, the capital improvements budget. Representative David Mills introduced HB 25A, which makes appropriations for capital improvements for the biennium and extends certain lapses from prior appropriations, noting it is based on Governor Ayotte’s budget. The hearing then focused on requests to add or restore funding for several projects, including community college capital needs, Veterans Home ADA and safety upgrades, career and technical education renovations in Milford, and airport infrastructure funding. Shannon Reed of the Community College System of New Hampshire asked for an additional $2.6 million for IT infrastructure, critical maintenance, and energy management systems, citing failing boilers, roof work, cybersecurity needs, and a recent costly water damage incident at Lakes Region Community College. John Graham, representing the New Hampshire Veterans Home, requested $1.5 million for ADA compliance and safety improvements such as floor replacement and wider doors, saying the work would help the home before an upcoming VA inspection and protect federal funding. Lance Whitehead testified for Milford CTE, asking the committee to keep $9.9 million in the budget for a scaled-down renovation; members discussed the town’s failed vote, the need for local matching funds, and the possibility of another vote next year. Tim Thompson of Concord and Margaret Burns of NHMA urged restoration of airport matching funds, arguing that about $3.6 million in state money would leverage roughly $62 million to $65 million in federal FAA funds for safety and infrastructure projects. Trisha Lambert and Andrew Pomroy of the Bureau of Aeronautics and airport management association explained the airport program, the 12 federally funded airports, and how projects are selected through airport master plans and a capital improvement program. After public testimony, the committee closed the hearing on HB 25A. In the work session that followed, staff distributed supporting documents, including cost breakdowns and comparison sheets. The chair indicated the committee would work from the governor’s $143 million capital budget as a baseline and proposed reducing it by about $10 million, largely by removing the Milford CTE item because both towns had voted it down and would not have another vote for a year. The chair said the goal was to bring the overall budget to about $133 million and then repurpose the remaining funds through straw polls and further committee action.
CA
Transcript Highlights:
  • a cost savings.
  • I think we should handle balancing the near-term cost with long-term infrastructure values.
  • What's the pathway to lower cost?
  • cost that will create an attractive value proposition.
  • There's been a lot of talk today about cost and how you can reduce the cost to the consumer.
Keywords: 987, senate, all
CA

California 2025-2026 Regular Session

Senate Insurance Committee Apr 22nd, 2026

Insurance

Transcript Highlights:
  • Only then were they told the insurer expected a full roof replacement, which would have cost over $30,000
  • that actual value?
  • But in terms of rising food costs, climate change fueled by fossil fuel is jacking up food costs. billion
  • But in terms of rising food costs, climate change fueled by fossil fuel is jacking up food costs.
  • The payment of actual cash value and replacement costs within 30 days can lead to inflated estimates
Keywords: 987, senate, all
CA
Transcript Highlights:
  • , air fleet replacement, automobile insurance, and fuel costs.
  • I'd like to focus on two things: inflation and costs, the real costs for the CHP.
  • costs for the CHP.
  • We value motor vehicles, you know, the account, and we value X. And then... ...the crisis.
  • We value the Motor Vehicle Account, you know, the account, and we value X.
Keywords: 988, house, all
WA

Washington 2025-2026 Regular Session

House Transportation Jun 8th, 2026

Transcript Highlights:
  • There are a lot of other costs in addition to just the school bus.
  • Do we have any specific examples yet of the savings between the cost of charging a bus versus the cost
  • Dramatically reduces utilities' costs if you can structure it that way.
  • It's cost effective, and it... It's good for our environment.
  • It's cost effective, and it helps people get to jobs and makes jobs.
Summary: The House Transportation Committee held a work session focused on Climate Commitment Act transportation spending and electrification programs. Staff first reviewed overall CCA transportation allocations, saying about $2.2 billion has been allocated over three biennia, with major categories including public transportation, active transportation, ferry electrification, zero-emission vehicle programs, rail/ports, and planning. Members asked for additional breakdowns comparing CCA dollars with total program costs across categories. The Department of Ecology presented on the zero-emission school bus grant program. Ecology said the program was codified in 2024 and supports the transition from diesel to electric school buses, including buses, charging infrastructure, and training. For 2025-27, Ecology received $38.3 million in CCA funding; $21.4 million is already obligated or spent, replacing 91 diesel buses in 28 districts, with the rest to be awarded by the end of the biennium. Members asked about cost parity, exemptions for rural and extracurricular routes, health data, and whether the funding covers chargers as well as buses. Ecology said OSPI is developing the parity formula and exemptions are available when electric buses cannot meet district needs. The Department of Commerce described its clean transportation role, including EV rebates, tribal charging and electric boat projects, and the EV Coordinating Council. Commerce said its rebate program was designed to lower monthly costs and prioritize low-income households, with 89% of recipients saying the rebate was essential to their purchase. It also reported strong demand for charging grants, progress on tribal projects, and concerns about utility interconnection timelines, vandalism, and range anxiety. The Department of Enterprise Services reported on state agency EVSE projects, saying it has completed 82 sites with 567 Level 2 ports and 46 DC fast chargers, and that current projects will add 152 more Level 2 ports; members asked about replacing aging chargers and the state’s EV fleet purchasing mix. WSDOT closed with updates on charging, transit, and port electrification. It said its corridor charging program has awarded 23 sites this biennium, with 13 in overburdened communities and five tribal sites, and that the Washington Zero Emission Incentive Program opened with $112 million for vouchers for zero-emission commercial vehicles and equipment. WSDOT also described transit grants, including bus and bus facility funding, commute trip reduction, paratransit, tribal transit, and zero-emissions access car-share projects. The rail freight and ports division reported $89.8 million for port electrification projects, including shore power and drayage trucks, but noted only about 10% has been spent so far because projects are still in design and permitting. Members raised concerns about funding gaps, supply-chain delays, utility capacity, and whether the programs are sufficient to meet broader electrification needs.
OK

Oklahoma 2026 Regular Session

Judiciary and Public Safety Oversight Feb 24th, 2026 at 10:30 am

Judiciary and Public Safety Oversight

Transcript Highlights:
  • They've been the same since 2006, and obviously the cost of doing business has gone up drastically since
  • is, why are we passing this on to the consumer rather than using county dollars to supplement these costs
  • So I don't really think we are passing on the cost to people who shouldn't bear it. For follow-up?
  • But there are county dollars that could cover this cost? There could be, yes.
  • A scratch can cost you $300. Yeah.
TX

Texas 89th Regular

Senate Session (Part II) Sep 3rd, 2025

Texas Senate Floor Meeting

Transcript Highlights:
  • institution inherits not only his leadership but also his deep sense of purpose, integrity, and Texas values
  • The value of my time here Is tied to you, and it's incredible what the great state of Texas offers with
  • And to soak up those West Texas values, and I'm proud of it.
  • Because I value your opinion and your insights on that.
  • And I realized that maybe Senator Perry's values were different in the urban area from the rural area
WY

Wyoming 2026 Regular Session

Select Committee on School Finance Recalibration, June 25, 2026 - AM

Select Committee on School Finance Recalibration

Transcript Highlights:
  • And you can see in Nebraska, it costs just over a million dollars.
  • And in South Dakota, it costs dollars. And in South Dakota, it costs $600,000 annually to do this.
  • We just We just replaced switches this year at $220,000.
  • Who replaces that? >> Mr. Chairman, uh, Senator Mchuan.
  • Uh, we replace it about every four or five years.
Keywords: 916, all
FL

Florida 2026 Regular Session

Environment and Natural Resources Dec 2nd, 2025

Environment and Natural Resources

Transcript Highlights:
  • They're cost-effective and proven resilience tools.
  • They're cost-effective and proven resilience tools.
  • for which these areas are valued.
  • So we have to replace this equipment.
  • That meets DMS standards to be replaced.
Summary: The Senate Committee on Environment and Natural Resources convened with a quorum present and took up SB 302 by Senator Garcia, which would promote nature-based solutions for coastal resilience. Garcia said the bill would direct DEP to adopt statewide guidelines, encourage local restoration projects through existing grant programs, streamline permitting for green and hybrid infrastructure, support workforce training, and require a study on flood-risk and insurance benefits. Senator Harrell asked about implementation, existing statutory authority, and possible fiscal impacts. The committee adopted an amendment clarifying that hybrid infrastructure need only combine green and gray elements, not prove superiority over either alone. The committee heard supportive testimony on SB 302 from Katie Bauman of Surfrider Foundation, who said nature-based approaches such as dunes, wetlands, and mangroves are cost-effective and protective, and several organizations waived in support, including the Environmental Defense Fund of Florida, the Florida Shore and Beach Preservation Association, and 1,000 Friends of Florida. Senator Harrell said she supported the concept but remained concerned about the breadth of rulemaking and the fiscal implications of workforce funding. After closing remarks from Garcia, the committee voted to report CS for SB 302 favorably. The remainder of the meeting consisted of informational presentations on land management. Brian Bradner of DEP reviewed Florida State Parks management, including prescribed fire, invasive species removal, hydrologic restoration, cultural resource preservation, visitor use, and budgeted land-management activities. Melissa Tucker of the Fish and Wildlife Conservation Commission described wildlife management areas, emphasizing habitat restoration, wildlife monitoring, ranch infrastructure, public access, and the economic value of the system. Rick Dolan of the Florida Forest Service outlined state forest management funded through a $20 million appropriation, including road and facility work, recreation upgrades, invasive species control, reforestation, habitat restoration, prescribed burning, and boundary marking. Senators praised the agencies’ work and noted the ongoing cost of managing state lands. The committee then adjourned without further action.
FL

Florida 2026 5th Special Session

Community Affairs Nov 4th, 2025

Transcript Highlights:
  • As a tenant may be shared without cost among potential landlords.
  • Okay, just looking for an average cost.
  • What was the total contract value for that?
  • The total contract value was—so it was amended many times.
  • The total contract value was—so it was amended many times.
Summary: The Committee on Community Affairs met with a quorum present and heard several housing and disaster-recovery items. The committee heard SB 48 by Senator Gates, which would require local governments to allow voluntary accessory dwelling units, preserve homestead treatment for the owner-occupied portion of the property, limit undue parking restrictions, require 30-day minimum rentals, extend certain density bonuses for military families, and allow reusable tenant screening reports. The bill drew strong support from the Florida Association of Mortgage Professionals and several others, and it was reported favorably. The committee also heard SB 34 by Senator Sharif, creating a historic cemeteries program to help preserve historic African-American cemeteries and allow sale of excess vacant land if proceeds are used for long-term maintenance; it was also reported favorably. The committee then considered and recommended confirmation of Fox Henderson to the Board of Directors of the Florida Housing Finance Corporation. Members also received a presentation from the Department of Commerce on the Community Development Block Grant Disaster Recovery program and Rebuild Florida. Deputy Secretary Justin Domer described the state’s administration of HUD disaster recovery funds, including more than $4.3 billion received since 2017, housing repair and replacement programs that have completed 5,271 homes, and infrastructure and mitigation projects such as sewer conversion in Alford, the new Calhoun-Liberty Hospital, and the Florida Keys desalination plant. Members asked about average project costs, contractor oversight, corrective actions for deficient work, and audit procedures; Domer said the department uses inspections, vendor oversight, and financial penalties, and noted stricter contract consequences in newer programs. The Division of Emergency Management also presented on Elevate Florida, a federal mitigation program that allows homeowners to apply directly for elevation, reconstruction, acquisition/demolition, or wind-mitigation projects, with a 75/25 federal-homeowner cost share and no state funds. Director Kevin Guthrie said the program is designed to reduce repetitive flood losses and keep homeowners in place, and that it has received more than 12,000 applications, with about 1,500 prioritized, 500 on a wait list, and 305 submitted to FEMA for final approval. Members asked about the 25% match for seniors, the wait list, contractor procurement, and how projects are classified; Guthrie said the program uses insurance proceeds where available, has competitively procured 27 contractors, and may shift projects from elevation to reconstruction depending on damage and flood rules. The committee adjourned after the presentations and discussion.
NM
Transcript Highlights:
  • Next, uh, we have the estimated award cost estimate adjustments.
  • our, our cost per square foot is stable and we don't see those costs like we did, we did before, so what
  • So the only thing that I would add is that uh for me it's the cost.
  • Design phase funding for the combined replacement facility.
  • total with the waiver of $59,8,015 for a total project cost.