Video & Transcript Research : 'excess proceeds'
Page 48 of 476
FL
Transcript Highlights:
- cemeteries a way to sustain themselves, and it allows historic African-American cemeteries that have excessive
- vacant land to sell that property, but only when proceeds are used for long-term maintenance and upkeep
- So the thought process is they could take those insurance proceeds and then use that toward their 25%
Summary:
The Committee on Community Affairs met with a quorum and heard two bills, a confirmation, and two agency presentations. SB 48 by Senator Gates would require local governments to allow voluntary accessory dwelling units, preserve homestead exemption for the owner-occupied portion, limit parking restrictions, require 30-day minimum leases, extend density bonuses for military-family housing, 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 on a unanimous roll call. SB 34 by Senator Sharief would expand the Historic Cemetery Program, particularly to help historic African-American cemeteries preserve and maintain themselves by allowing sale of excess vacant land only if proceeds are used for long-term upkeep; it also passed unanimously and was reported favorably.
The committee also recommended confirmation of Fox Henderson to the Florida Housing Finance Corporation Board of Directors by unanimous vote. In addition, the Department of Commerce presented on the Community Development Block Grant Disaster Recovery program and Rebuild Florida, describing more than $4.3 billion in HUD disaster recovery funds since 2017, housing repair and replacement efforts that have completed more than 5,200 homes, and infrastructure and mitigation projects across the state. Members asked about average project costs, contractor oversight, corrective actions for deficient work, and clawbacks from a prior vendor; Commerce said it had ended the earlier vendor relationship, imposed about $3.6 million in financial consequences, and now uses stronger oversight and competitive procurement for contractors.
The Division of Emergency Management then presented on Elevate Florida, a federal mitigation program that allows homeowners to apply directly for elevation, reconstruction, acquisition, or wind-mitigation projects, with a 75/25 federal-homeowner cost share and no state funds used. Director Kevin Guthrie said the program is intended to reduce repetitive flood losses, keep homeowners in their communities, and serve as a national model; he reported more than 12,000 applications, about 1,500 prioritized for review, 500 on a wait list, and 305 submitted to FEMA for final approval. Members asked about assistance for seniors who cannot meet the 25% match, the wait-list process, contractor selection, and the mix of project types, and Guthrie said contractors were selected through competitive procurement and that most projects are elevations, though some may become reconstructions or acquisitions depending on inspection results. The committee adjourned after the presentations.
NM
New Mexico 2025 Regular Session
House - Agriculture, Acequias And Water Resources Feb 4th, 2025
House Agriculture, Acequias And Water Resources
Transcript Highlights:
- Adding to that, properties are selling in excess of $250,000 per acre in an area where irrigated cropland
- understand it, while the federal government and the state government receive information about my farm proceeds
- But if it proceeds, I'd like to see it referred to tax and more of this expertise to be in play.
MN
Transcript Highlights:
- Any questions of Senator Matthews before we proceed to his testifier?
- Please proceed with referring to the sections in your bill and explaining it.
- Um, thank you, Senator Nelson, or—questions before we proceed to the testimony?
- Um, thank you, Senator Nelson, or questions before we proceed to the testimony?
- Please introduce yourself and proceed. Mr. Killian, please introduce yourself and proceed.
MN
Transcript Highlights:
- So we'll start with Katherine, and again, watch the time cards up here, so go ahead and proceed.
- And, uh, next, go ahead and proceed with introducing yourself.
- And, uh, next, go ahead and proceed with introducing yourself.
- Go ahead and introduce yourself for the record and proceed. Hi, my name is Reena Curtis.
- Thank you. that's an excessive amount of time to that's an excessive amount of time to not<01:12:18.040
TX
Transcript Highlights:
- proposed rate, states the difference between those rates, and describes the purpose for which the excess
- Please proceed. Thank you, Chairman Meyer.
Keywords:
SB 263, Texas franchise tax, cost of goods sold, COGS, broadcasters, television broadcasting, radio broadcasting, media tax, broadcast license, FCC, 47 C.F.R. Part 73, 47 C.F.R. Part 74, film production, television production, tax deduction, margin tax, Texas Tax Code, depreciation, amortization, broadcast rights
NM
New Mexico 2025 Regular Session
House - Chamber Meeting Jan 22nd, 2025
Transcript Highlights:
- of emissions and activities relating to oil and gas in counties where ozone concentrations are in excess
- property first purchased, acquired, leased, financed, or refinanced prior to July 1, 2025, with the proceeds
HI
Hawaii 2025 Regular Session
JDC, JDC DEFER Public Hearings 02-26-2025
Transcript Highlights:
- This increases the penalty for a third or subsequent offense of excessive speeding to a Class C felony
- This will allow the ACT provider to proceed with the emergency transport so the person can receive the
- the<00:16:14.560>
ACT <00:16:15.079>provider <00:16:15.399>to <00:16:15.519>proceed - <00:16:15.839>
with <00:16:15.959>the the ACT provider to proceed with the the ACT - provider to proceed with the emergency<00:16:16.560>
transport <00:16:17.079>so <00:16:17.240
Summary:
The Judiciary Committee took up a series of Senate bills and generally advanced most of them, often with technical or substantive amendments. SB 15 on the definition of historic property was amended to narrow the definition to properties at least 50 years old that are culturally significant or otherwise significant for Hawaii Register purposes, and it passed. SB 97 on excessive speeding was amended to clarify felony penalty language, license revocation timing, and fingerprinting procedures, and passed. Other bills passed as is or unamended included SB 145 on water shortages, SB 108 on accessible parking enforcement, SB 660 on hospitality anti-harassment measures and panic buttons, SB 1662 on landlord application fees and tenant screening reports, SB 1421 on Department of Health provider arrangements, SB 1439 on DOH nuisance authority, and SB 1452 updating controlled substances law. SB 1454 on wage payment violations passed with technical amendments only, while SB 1481 on motorcycle instruction permits was deferred as not ready.
Several bills received more substantial changes. SB 253 on condominium association budget summaries was amended to require a single document and to shift the standard to substantial compliance; it passed. SB 371 on critical infrastructure damage was amended to remove a section affecting manslaughter law and to apply specifically to broadband and cable networks; it passed. SB 984 on water pollution liability for large landowners was advanced with a defective date. SB 1517 on public land leases for recreational residential use was amended to change the lease term to five years and add a defective date. SB 1074 on temporary continuation of challenged activities during environmental review was significantly amended to limit the provision to currently authorized activities, add a one-year limit with possible court extension, and clarify other terms; it passed. SB 1322 on emergency mental health transport was amended to restore provider-initiated transport language, require notice and coordination, remove special immunity provisions, and clarify court-ordered treatment procedures; it passed.
The committee also passed SB 1496 on disability access to information in public accommodations, with a request that the committee report discuss the Roe v. St. Pizza case and the distinction between physical and digital accommodations. SB 1255 on Uniform Information Practices Act record retention was deferred as not ready. At the end of the meeting, the chair noted that both agendas were completed and the committee adjourned.
AL
Transcript Highlights:
- derived from the proceeds of the Alabama<01:52:37.280>
liquor <01:52:38.000>liquor <01: - Any area containing excessive vacant land on which structures were previously located, on which were
- <03:35:41.760>
Therefore in excess of principal amount. - Therefore in excess of principal amount.
- on<04:01:05.600>
which excessive vacant land on which excessive vacant land on which structures
Summary:
The meeting included a Senate recognition ceremony honoring the Winona High School boys basketball team for winning the 2026 Alabama High School Athletic Association 5A state championship. A resolution was read commending the team for its 101-40 victory over Silicag, noting the team’s record-setting performance, Brendan Davis’s MVP honor, the contributions of other players, and Coach Cedric Lane’s leadership. Senators and the lieutenant governor praised the players’ sportsmanship, the school community, and the team’s historic season, and copies of the resolution were presented to the team, coaches, and administrators. Several guests and school representatives also spoke briefly, including the coach and principal, who thanked the Senate and noted the team’s success and the principal’s retirement after 35 years.
After the recognition, the Senate returned to session and adopted the Committee on Rules report setting the special order calendar. The calendar included Senate Bill 99 on the Ten Commandments, Senate Bill 298 on Class 3 municipalities, House Bill 381 on camp safety, Senate Bill 370 on tax increment districts, Senate Bill 363 on the Department of Economic and Community Affairs, House Bill 466 on firefighters, House Bill 95 on elections, House Bill 259 on stablecoin, and Senate Bill 342 on education.
The chamber then took up SB 99, sponsored by Senators Kelly and Sessions. Senator Kelly described the bill as requiring local school boards to display the Ten Commandments, together with founding documents such as the Declaration of Independence, Constitution, Bill of Rights, and Alabama Constitution preamble, in certain history classrooms and common areas for grades five through 12, using donated displays and funds when available. He said the bill was intended as a historical and educational measure, not religious instruction, and emphasized the inclusion of a disclaimer stating Alabama is not establishing a religion. After extended debate and a petition to close debate from the Rules Committee, the Senate voted on the bill by long roll and passed SB 99, with the recorded vote announced as 30 yeas and 4 nays.
MN
Minnesota 2025 1st Special Session
Committee on Agriculture, Veterans, Broadband and Rural Development - 02/12/25
Agriculture, Veterans, Broadband, and Rural Development
Transcript Highlights:
- <00:46:11.319>
of seed cleaner alone cost an excess of seed cleaner alone cost an excess of - If we could proceed just forward on some slides so we can get a look at what the net farm income would
- If we'll proceed forward in the slide, we'll just take a look very quickly at what it looks at again.
- <01:24:19.400>
just <01:24:19.560>forward forward if we could proceed just forward - forward if we could proceed just forward on<01:24:20.040>
some <01:24:20.239>slides <01:
ND
North Dakota 2026 1st Special Session
Water Topics Overview Committee Jun 10th, 2026
Water Topics Overview Committee
Transcript Highlights:
- Okay, proceed. Oh, excuse me, Representative Vollmer and then Representative Nelson.
- So as we proceed more to the northeast with this project, knowing now that the use is higher than the
- And I guess when we look at how we're going to proceed, looking at the definitions, you know, we spent
- The state provides a 20% match for those funds, and those come from bond proceeds that we issue.
- You'll probably take about two to three years to get the excess water out.
Summary:
The Water Topics Overview Committee met to review several interim studies and receive updates from the Department of Water Resources. The committee approved the March 26, 2026 minutes, observed a moment of silence for the late Representative Conmy, and welcomed Representative Hansen to the committee. Staff then reported that the watershed management study and the stormwater/wastewater study had both satisfied the presentation requirements in their study directives, with no further required testimony unless members wanted additional information.
The department’s main presentation focused on major water projects and agency operations. Reese Haas and staff updated members on the NAWS project, the Southwest Pipeline Project, Devils Lake outlet operations, low-head dam safety work, floodplain management repository implementation, data center water use, and the 2027 Water Development Plan. Members asked detailed questions about NAWS funding sources, remaining project costs, capacity concerns for All Seasons and other users, and whether current construction is being designed for future demand. The department said NAWS remains on track for substantial completion by October, that remaining NAWS funding will come from a mix of federal, state, and local sources, and that current construction is designed for ultimate capacity while some future components will be adjusted for increased demand.
A large portion of the meeting was devoted to the department’s cash management, Resources Trust Fund revenues, carryover balances, and the State Water Commission’s cost-share program. The department reported $340.6 million in carryover remaining, explained that much of it is already obligated to long-term projects, and noted that oil price forecasts and stripper-well exemptions will affect future revenues. Members raised concerns about large carryovers, affordability for local sponsors, and whether the state should continue obligating money multiple bienniums ahead. The department said it is working with the commission on a revised prioritization framework, including high/moderate/low project categories and a two-tier pre-construction/construction approach, to better manage obligations and affordability.
The committee also reviewed Deloitte’s finalized studies on regional governance/finance and cost-share policy. Deloitte presented options for Southwest, NAWS, and Red River governance, with stakeholders generally favoring keeping NAWS largely as is, using the current Southwest model with improvements, and pursuing a more structured governance option for Red River. On cost share, the department said Deloitte’s recommended package would cover projected needs through the 2030s, but would require policy changes such as lower percentages for some project types, a 25% replacement-project rate with a cap, and possible bonding or delayed reimbursement strategies. No votes were taken on these policy questions, and the chair indicated the committee would continue the discussion at future basin meetings and the September Water Topics meeting.
ND
North Dakota 2025-2026 Regular Session
Water Topics Overview Committee Jun 10th, 2026
Transcript Highlights:
- Okay, proceed. Oh, excuse me, Representative Vollmer and then Representative Nelson.
- So as we proceed more to the northeast with this project, knowing now that the use is higher than the
- And I guess when we look at how we're going to proceed, looking at the definitions...
- The state provides 20% match for those funds, and those come from bond proceeds that we issue.
- It'll probably take about two to three years to get the excess water out.
Summary:
The Water Topics Overview Committee met to receive interim status updates on several water-related studies and Department of Water Resources projects. The committee approved the March 26, 2026 minutes, observed a moment of silence for the late Representative Conmy, and then heard updates on the watershed management study and the stormwater/wastewater study. Staff reported that the committee had already received the testimony contemplated in the study plans, including input from state agencies, local governments, and out-of-state entities, and that any further action would be at the committee’s discretion.
The Department of Water Resources then provided project and budget updates on NAWS and the Southwest Pipeline Project. Reese reported NAWS is expected to serve about 81,000 users, with a total projected cost of about $571 million and about $96 million remaining, while the Southwest Pipeline Project is estimated at $1.06 billion total with about $409 million remaining. Members asked about funding sources, capacity needs, and whether current and future construction is being designed for increased demand; department staff said current work is designed for ultimate capacity, but some future components may need redesign based on new requests. The committee also discussed local cost shares, Minot’s role in NAWS funding, and whether the system is adequate for peak demand.
A major portion of the meeting focused on the department’s cash management, carryover, and long-term water funding outlook. The department said Resources Trust Fund revenues are tied to oil extraction taxes and are affected by stripper well exemptions and future oil price declines. Members expressed concern about large carryover balances and whether the state is obligating more money than can realistically be spent in a biennium. The department reported about $340.6 million in remaining carryover and said it is trying to reduce that through a two-tier pre-construction/construction process and closer project vetting.
The department also summarized the Deloitte studies on regional governance and finance and on cost-share policy. Stakeholders generally favored keeping the current governance structures for NAWS and Southwest with improvements, while Red River stakeholders leaned toward a different option; the department said it will bring an implementation plan back in September. On cost share, Deloitte’s recommendations would reduce some percentages, prioritize projects differently, and use other measures to close a projected long-term funding gap. Members debated affordability, local burden, deferred maintenance, and whether statutory changes may be needed to allow the commission more flexibility in prioritizing and funding projects. No formal votes or final actions were taken beyond approving the minutes and receiving the updates.
HI
Transcript Highlights:
- proceed in this rebasing process. proceed in this rebasing process.
- If the utility starts to earn excessive amounts beyond what was expected, they have to start sharing
- amounts beyond what um was uh excessive amounts beyond what um was uh expected<00:44:48.960>
um - Understanding that it was done anonymously, and so we need to proceed, perhaps, you know, with what we
- trigger either the the return of excess trigger either the the return of excess earnings<01:32:50.080
Summary:
The Senate Commerce and Consumer Protection Committee held an informational briefing on the Public Utilities Commission’s performance-based regulation (PBR) framework and the Department of Commerce and Consumer Affairs’ whistleblower complaint process. Chair Jared Kohole opened the meeting, noted it was informational only with no public testimony, and explained that members would hear presentations and then have an opportunity for questions. The committee heard first from Ulupono Initiative, which provided background on why utilities are regulated, how Hawaii’s cost-of-service model and rate cases work, and why PBR was adopted to shift utility incentives away from a capital-investment bias and toward performance, efficiency, cost control, and policy goals such as renewable energy and reliability.
Ulupono described Hawaii’s PBR structure as a five-year multi-year rate plan with annual revenue adjustments, a customer dividend, a Z factor for extraordinary exogenous events, and an exceptional project recovery mechanism for large projects. It also outlined performance incentive mechanisms tied to renewable portfolio standard progress, interconnection speed, reliability, and shared savings. The presentation said the current docket is evaluating a possible hybrid approach that would combine forward-looking forecasting with historical results, and Ulupono advocated for stronger incentives, arguing the current rewards are too small relative to utility revenues and should be more meaningful to better align utility behavior with legislative intent.
The PUC then presented its own overview, emphasizing that the PBR docket is open and active and that the briefing was limited to the record to avoid ex parte concerns. The commission described the development of PBR in Hawaii through multiple phases beginning in 2018: an initial collaborative phase to set goals, a formal contested-case phase that produced the initial framework, later phases adding scorecards, reported metrics, and additional performance incentive mechanisms, and subsequent refinements including sunset of some mechanisms and adjustments after the August 2023 Maui wildfires. The PUC said the framework is intended to be customer-centric, administratively efficient, and protective of utility financial integrity, and that current work includes evaluating how to balance forward-looking and historical test-year approaches within the rebasing process. No votes or formal actions were taken at the briefing.
AL
Transcript Highlights:
- fees and this just creating excesses fees and this just creating excesses fees and this just creating
- Well, uh, some is charging excessive fees, for example. Uh, was it excessive fees, for example.
- Proceed the amendment. Amendment to Proceed the amendment. Amendment to Proceed the amendment.
- Um part of that proceeds will go to water part of that proceeds will go to water part of that proceeds
- Another part of the proceeds and sewer. Another part of the proceeds and sewer.
Bills:
HB 200, HB 541, HB 1803, HB 30, HB 175, HB 249, HB 721, HB 851, HB 897, HB 1128, HB 1904, HB 1916, HB 5560, HB 3071, HB 5627, HB 5435, HB 3913, HB 2921, HB 2695, HB 2688, HB 3045, HB 3483, HB 3673, HB 4213, HB 4226, HB 783, HB 4373, HB 4735, HB 5155, HB 5057, HB 4984, HB 4944, HB 4813, HB 5339, HB 5196, HB 5033, HB 4853, HB 3486, HB 4211, HB 74, HB 4670, HB 4730, HB 4743, HB 4603, HB 4463, HB 3892, HB 4139, HB 4752, HB 4520, HB 4517, HB 4486, HB 4437, HB 4426, HB 4396, HB 4263, HB 3487, HB 3418, HB 2284, HB 2266, HB 2229, HB 4912, HB 2189, HB 4506, HB 5269, HB 5224, HB 5195, HB 3317, HB 4166, HB 3947, HB 3358, HB 3370, HB 4438, HB 3745, HB 3602, HB 3697, HB 2001, HB 1968, HB 3371, HB 3909, HCR 7, SB 1744, SB 1364, SB 1316, HB 2026, HB 3302, HB 3368, HB 1639, HB 5652, HB 4655, HB 5654, HB 5658, HB 5656, HB 4894, HB 4996, HB 5088, HB 5650, HB 4464, HB 3751, HB 5665, HB 5661, HB 1237, HB 2802, HB 5437, HB 2703, HB 5666, HB 5667, HCR 113, HCR 86, SB 2196, SB 463, SB 856, SB 1245, SB 1169, SB 509, SB 985, SB 305, SB 552, HB 1535, HB 123, HB 1804, HB 426, HB 1773, HB 1871, HB 2035, HB 2492, HB 1411, HB 4753, HB 4666, HB 4529, HB 1499, HB 1610, HB 2028, HB 1506, HB 886, HB 3546, HB 796, HB 223, HB 3556, HB 2448, HB 4638, HB 111, HB 180, HB 1027, HB 1178, HB 610, HB 1277, HB 1615, HB 1620, HB 5342, HB 4885, HB 4751, HB 4530, HB 4488, HB 2149, HB 2071, HB 2282, HB 2248, HB 2243, HB 2522, HB 2310, HB 2513, HB 2300, HB 1902, HB 1813, HB 3719, HB 4284, HB 3743, HB 3778, HB 5153, HB 5147, HB 4877, HB 4850, HB 3261, HB 3005, HB 3033, HB 2849, HB 2967, HB 3531, HB 1768, HB 333, HB 2914, HB 2613, HB 3717, HB 3704, HB 2697, HB 3801, HB 3099, HB 3488, HB 3477, HB 3466, HB 3396, HB 3469, HB 2594, HB 2776, HB 2564, HB 2298, HB 5331, HB 5646, HB 5247, HB 5323, HB 4384, HB 3896, HB 4014, HB 3627, HB 3594, HB 2524, HB 510, HB 561, HB 5111, HB 5446, HB 1181, HB 3963, HB 2785, HB 1661, HB 2460, HB 200, HB 541, HB 1803, HB 30, HB 175, HB 249, HB 721, HB 851, HB 897, HB 1128, HB 1904, HB 1916, HB 5560, HB 3071, HB 5627, HB 5435, HB 3913, HB 2921, HB 2695, HB 2688, HB 3045, HB 3483, HB 3673, HB 4213, HB 4226, HB 783, HB 4373, HB 4735, HB 5155, HB 5057, HB 4984, HB 4944, HB 4813, HB 5339, HB 5196, HB 5033, HB 4853, HB 3486, HB 4211, HB 74, HB 4670, HB 4730, HB 4743, HB 4603, HB 4463, HB 3892, HB 4139, HB 4752, HB 4520, HB 4517, HB 4486, HB 4437, HB 4426, HB 4396, HB 4263, HB 3487, HB 3418, HB 2284, HB 2266, HB 2229, HB 4912, HB 2189, HB 4506, HB 5269, HB 5224, HB 5195, HB 3317, HB 4166, HB 3947, HB 3358, HB 3370, HB 4438, HB 3745, HB 3602, HB 3697, HB 2001, HB 1968, HB 3371, HB 3909, HCR 98, HCR 92, HCR 126, HCR 7
Keywords:
juvenile offenders, parole eligibility, youth justice, criminal justice reform, inmate rehabilitation, direct patient care, healthcare, physicians, medical services, insurance regulation, dentist, dental hygienist, interstate practice, licensure, compact privilege, public health, military members, disaster relief, tax rates, local government
TX
Texas 89th 2nd C.S.
Appropriations S/C on Articles VI, VII, & VIII Feb 26th, 2025
Transcript Highlights:
- blank, um, there was some kind of like some account that had like rollover money in it from there or excess
- And I, and I'll, I will, I'll, let me proceed my, my question with a few more comments.
- Rates may not be excessive.
- You mentioned the number of license types that you have as being in excess of 200.
- , um, proceed on something that was outside our, our regulatory purview.
AZ
Transcript Highlights:
- the exaction, the developer appeals under this bill, the AG gets it and rules that the exaction is excessive
- the attorney general said, oh, yeah, 95% of this is caused by the development, but the city was excessive
- permitted to exercise any legal or equitable interim remedies that will permit the property owner to proceed
- This is from a website that says, 'Well, that perimeter might feel reassuring, but excess security lighting
Keywords:
workers' compensation, industrial commission, safety regulations, employee protection, penalties, compliance, municipal planning, homeowners associations, design regulations, property rights, building permits, single-family homes, liquor, alcohol, spirituous liquor, liquor license, liquor licensing, Arizona Department of Liquor Licenses and Control, restaurant to-go cocktails, mixed cocktails
NM
New Mexico 2026 Regular Session
Senate - Conservation Jan 31st, 2026 at 09:07 am
Senate Conservation
Transcript Highlights:
- Madam Chair, if we can proceed with the people that are providing part of the testimony, and I'm going
- number of people possibly in our communities that start vegetable plants and often produce a little excess
- Whenever we're having to deal with those free out of vices, drink in excess from 100 to 150 gallons a
- Whenever we're having to deal with those free out of vices, drink in excess from 100 to 150 gallons a
Keywords:
food recovery, composting, waste management, solid waste surcharge, organic waste reduction, environment, grants, advisory group, bosque management, Rio Grande, environmental protection, water resources, fiscal appropriation, drinking water, well owners, water testing, water treatment, public health, agriculture, New Mexico Department of Agriculture
AL
Transcript Highlights:
- convict a law enforcement officer of any criminal offense involving the use of force, whether it be excessive
- is conducted within the law enforcement officer's discretionary authority and does not constitute excessive
- rights under the Constitution of Alabama or the Constitution of the United States to be free from excessive
- If you want to proceed with the amendment, please indicate your vote accordingly.
Keywords:
criminal procedure, split sentencing, probation, Class A felony, Class B felony, minimum confinement, speedy trial, visiting judge, court administration, violent crimes, Alabama Supreme Court, employment, criminal record, certificate of employability, occupational licensing, negligent hiring, rehabilitation, limited relief, tribal police, law enforcement
CA
Transcript Highlights:
- One is through our irrigated lands regulatory program, trying to reduce the unnecessary or excess amount
- more opportunity for us to bring electrons from the broader West into California and also export out excess
- And so... ...and so if it turns out we have a real excess of renewables, we cannot modulate Diablo Canyon
- taking all that into account, this summer, we have come in with almost 6,000 megawatts of resources in excess
- none, Commissioner Gunda, you're welcome to address some of the opposition's concerns, or we can proceed
KY
Kentucky 2025 Regular Session
Interim Joint Committee on Transportation (8-18-25) - Reupload
Transcript Highlights:
- The revenue excess is the biggest component of that surplus.
- Please proceed. proceed. proceed.
- <00:54:31.280>
Commissioner, <00:54:31.839>please <00:54:32.079>proceed. - Commissioner, please proceed. >> Thank you. Commissioner, please proceed.
- Again, identify yourself for the record and please proceed. Thank you. My name's Eric Franco.
Keywords:
This meeting was recovered from a back up copy and uploaded after the original meeting took place., 958, all
Summary:
The committee received an update from the Kentucky Transportation Cabinet on the FY 2025 road fund. Officials reported road fund revenues came in $38.5 million above the enacted estimate, but were down about $11 million from FY 2024, largely because a motor fuels tax rate reduction took effect at the start of FY 2025. Motor vehicle usage tax receipts were stronger than expected, and the cabinet said the road fund ended the year with a $61.6 million surplus, which the budget bill directs to state highway construction. Members also discussed how the motor fuels decline affects formula distributions to cities, counties, and rural/secondary roads, with officials saying about $122.8 million had been planned for revenue sharing but was not distributed because receipts were lower than forecast.
Members asked about broader revenue trends, including fuel efficiency, electric vehicles, and the removal of a hybrid fee. Cabinet officials said improved fuel efficiency and CAFE standards reduce gasoline consumption and therefore fuel tax receipts, while EVs and plug-in hybrids are subject to a user fee. They also said toll revenues from the Louisville bridges are covering bills and commitments, though they did not have detailed figures at hand. On project delivery, officials said delays are often caused by right-of-way acquisition, utility relocation, and the large volume of projects in the highway plan, and that much of the work happens behind the scenes before construction begins.
The committee also reviewed the cabinet’s cash management approach, which was adopted after 2000 to avoid setting aside full project costs all at once and to keep the road fund cash balance above a required minimum. Officials said the balance typically rises in winter and falls in summer as project bills come due, and that the current balance was about $166 million. They also reported that project awards for the year were nearing $998 million and expected to exceed last year’s total. No formal votes or legislative actions were taken beyond approving the prior meeting minutes.
WY