Video & Transcript Research : 'replacement cost value'

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KY
Transcript Highlights:
  • section open and we're replacing section open and we're replacing everything<00:31:48.400> in
  • to go at all cost to avoid having to do a total system replacement.
  • Why did it to replace it. All right.
  • system needed to be replaced? system needed to be replaced?
  • and replacements and replacements in<01:10:34.960> this<01:10:35.120> contract<01:
Keywords: 958, all
Summary: The meeting opened with the pledge and prayer, a roll call established quorum, and members announced a Veterans Caucus meeting to follow the session. The committee also recognized distinguished veteran Joe Mash Masterson of Bardstown, who was praised for his Army service, long-time advocacy for veterans, and leadership in the American Legion and local veteran organizations. Masterson thanked his family, the American Legion Post 121, and the VA staff, and several members offered remarks honoring his service and the committee’s practice of recognizing veterans. The committee then briefly addressed a referred administrative regulation, 017 KAR 001 030, which leadership described as technical updates to existing policy; no vote was taken. After that, members heard testimony from KDVA and Finance and Administration officials on the ongoing HVAC replacement project at the Radcliffe Veteran Center. Officials said the system had been problematic for years, that design work began early to accelerate the project, and that the work was complicated by the need to replace the system in an operating nursing facility. They explained that the project was bid in March, awarded to Less Mechanical, and that protective measures, shop drawings, and equipment orders were underway. Committee members pressed officials on why the problem had taken so long to resolve, why the original system had been installed, whether the issue had been communicated regularly, and whether the state should be paying for a replacement in a relatively new facility. Officials said the original system’s components and warranties had failed, that they had tried to replace parts before moving to a full replacement, and that the system’s manufacturer and quality differed from a similar facility in Glasgow that had not had the same issues. They said the current phase one contract was about $6 million, with the remaining funds held for phase two to restore full occupancy; phase two design was nearly complete and could be bid later if funding is approved. Officials estimated phase one completion around January 2026 and full completion around March 2027, depending on funding and scheduling.
WY

Wyoming 2026 Regular Session

Senate Revenue Committee, February 27, 2026

Revenue

Transcript Highlights:
  • So then, of course, you'd run your assessed value.
  • That would be the market value. So then, of course, you'd run your assessed value.
  • <00:37:15.520> later ever looks at the operating costs later ever looks at the operating costs
  • Are they actually being used to multiply the value to the communities?
  • I'm not saying that's not value money, and that That’s not value money, and people don’t work hard for
Bills: HB0147, HB0127
MN

Minnesota 2025 1st Special Session

Committee on Capital Investment - 02/04/25

Capital Investment

Transcript Highlights:
  • These buildings have a replacement value of over $11.2 billion.
  • <00:01:20.880> value<00:01:21.200> of buildings have a replacement value of buildings
  • have a replacement value of over over over 11.2<00:01:23.720> billion<00:01:24.720> the
  • The current replacement value of the rink is $125 million, and its deferred maintenance costs are $58
  • value by agency also replacement value by agency also included<01:31:05.520> in<01:31:05.639>
Keywords: 1187, senate, all
Summary: The committee first heard from the Minnesota Department of Administration on the governor’s capital budget requests. Commissioner Tamara Grundal described the state’s deferred maintenance backlog, saying Minnesota owns more than 4,800 buildings across 19 agencies, with an estimated replacement value of $11.2 billion and about $2.2 billion in deferred maintenance. She urged continued bonding support for asset preservation, CAPRA emergency repair funding, Capitol Complex security upgrades recommended by the ACAS advisory committee, and a budget-neutral account to help leverage federal funds for renewable energy storage and electric vehicle projects at state facilities. Members asked follow-up questions about prior security spending and CAPRA use. The commissioner said some 2018 security funds were used for items such as bollards, projectile-resistant glass, key card readers, and security kiosks, but specific details would be provided offline. On CAPRA, staff said recent projects included public safety upgrades, correctional facility repairs, water main and sewer work, roof repairs, lift station repairs, and boiler and steam trap replacements. The commissioner said the account has recently been used heavily, with about $1.9 million remaining, and estimated a typical target range of roughly $3 million to $5 million based on past spending and expected emergencies. A staffer said they did not know whether bonds had been issued ahead of time to fund the reserve and would follow up. The committee then heard from the Department of Public Safety on BCA capital projects. Commissioner Bob Jacobson and Superintendent Drew Evans said the governor’s proposal includes a new Southern BCA regional office and laboratory in Mankato, expansion of BCA regional office and lab space, and a new Minnesota State Patrol headquarters using trunk highway cash. Evans said the Mankato project is needed because of growth in DNA analysis, digital evidence, controlled substances, cyber tips, and sexual assault kit testing, and because the current St. Paul facility is over capacity. He said the new regional facility would improve turnaround times, reduce travel for scientists and law enforcement, support training, and improve evidence intake and crime scene response in southern Minnesota. Senator Pappas questioned the increase in the Mankato project cost from about $48 million to $68.6 million. Evans said the increase was driven by rising construction costs and additional specialized laboratory and support-space needs identified during design work with the Department of Administration. No votes or formal actions were taken during the portion of the meeting provided.
TX
Transcript Highlights:
  • And what's it going to cost? Because every session...
  • Glenn Hager: ...What's it going to cost? Because every session.
  • What do we have, and what's it going to cost? Because every session...
  • I don't want to be trapped with a sole vendor that then ramps up costs.
  • Yes, the locals had to consume that cost. Corey: Right.
Bills: SB 1, SB1
TX

Texas 89th Regular

Public Education Mar 6th, 2025

Public Education

Transcript Highlights:
  • And with the cost of materials, cost of instructions, cost of salaries. Okay, thank you.
  • And we start investing it and so the cost of the cost over time is much greater than that but because
  • What does it cost? So each component costs $400.
  • To keep pace with rising costs, an automatic cost-of-living adjustment should be included.
  • So that's going to cost some money. All we're asking is that you cover these costs.
Bills: HB2, HB2
NM

New Mexico 2026 Regular Session

House - Taxation and Revenue Feb 14th, 2026 at 10:35 am

House Taxation & Revenue

Transcript Highlights:
  • In valuing property in general under appraisal standards. Mr.
  • The valuation can't go below 20% of the original cost, Mr. Chair. Ms.
  • The cost is depreciated until it gets down to 20% of the original.
  • The cost is depreciated until it gets down to 20% of the original cost.
  • to be replaced, To be replaced that often, or if it's something that never has to be replaced, I don't
Bills: HB248, HB309, HB332, SB48
MN

Minnesota 2025-2026 Regular Session

House Environment and Natural Resources Finance and Policy Committee 2/26/26

Environment and Natural Resources Finance and Policy

Transcript Highlights:
  • And so it's not just replace; it's replace and augment.
  • And so it's not just replace; it's replace and augment.
  • What would that cost do fulfilling them. What would that cost do you<00:39:55.760> think?
  • We have to replace that. In this money. We have to replace that.
  • replaces the sticker? replaces the sticker? >> Sure,<00:47:20.640> Mr.
Bills: HF624
NH

New Hampshire 2025 Regular Session

Senate Energy and Natural Resources (03/04/2025)

Energy and Natural Resources

Transcript Highlights:
  • costs.
  • costs.
  • costs.
  • costs.
  • costs.
Keywords: 1191, senate, all
TX

Texas 89th 2nd C.S.

Business and Commerce Apr 1st, 2026

Business & Commerce

Transcript Highlights:
  • 2330 >> One of the things I've spoken about a little is the rip and replace type rip 2331 and replace
  • As a result, high value projects such as 2683 replacement backlog.
  • because we want to make sure that the customers that are putting the costs on from a cost standpoint
  • want to 5221 make sure that the customers that are putting the costs on from a cost 5222 standpoint are
  • It collects it when it's low cost and it discharges it when it's higher cost.
Summary: The Senate Committee on Business and Commerce held its first interim hearing on securing critical infrastructure and supply chain integrity, with a focus on Texas’s electric grid and the Lone Star Infrastructure Protection Act. The chair also highlighted Texas’s relatively low electricity prices and welcomed new committee members. ERCOT, the Public Utility Commission (PUC), and the Attorney General’s office were invited to explain how the state screens market participants and grid equipment for ties to China, Russia, Iran, and North Korea, and how the agencies respond to noncompliance. ERCOT testified that it has implemented the requirements of three related Senate bills by requiring attestations on corporate affiliations and on critical grid equipment and services. ERCOT said it has processed thousands of attestations, used additional requests for information and third-party verification tools such as Dun & Bradstreet, and terminated nonresponsive market participants. ERCOT also said it has not seen a case requiring direct Attorney General involvement, but it does refer matters to the PUC when needed. The PUC said it can investigate suspected violations and impose penalties of up to $1 million per violation per day, and that most investigations into late or missing attestations have been resolved through compliance, market exit, or removal by ERCOT. The Attorney General’s office said its role is currently limited to audits and court involvement, and that it lacks broad independent investigatory authority under the act. Members pressed the panel on whether the current system is too reliant on self-reporting and whether it adequately addresses indirect foreign influence, especially through supply chains for batteries, inverters, transformers, and other equipment with routable connectivity. ERCOT acknowledged that the current attestation process has gaps and said it plans to refine definitions of critical grid equipment and grid services, improve information requests, and continue stakeholder rulemaking. The panel also discussed possible legislative changes, including tying prohibitions to the Department of Defense Section 1260H list and the Texas Prohibited Technologies list, clarifying warranty and service access, and expanding the statute to cover grid services more directly. Several senators raised concerns about cost, reliability, and the extent to which foreign-sourced components remain embedded in Texas infrastructure, while others suggested incentives for domestic manufacturing and stronger verification tools, including possible work with national labs such as Sandia.
TX

Texas 89th Regular

Senate Session Mar 13th, 2025

Texas Senate Floor Meeting

Bills: SJR18, SCR9, SCR13, SB10, SB14, SB19, SB263, SB412, SB441, SB523, SB569, SB687, SB688, SB707, SB766, SB914, SB971, SB1006, SB1066, SJR36, SJR18, SCR9, SCR13, SCR25, SB565, SB372, SB495, SB842, SB971, SB1066, SB765, SB523, SB62, SB19, SB18, SB666, SB688, SB707, SB888, SB687, SB706, SB847, SB290, SB766, SB11, SB10, SB13, SB263, SB412, SB441, SB569, SB914, SB1248, SB740, SB14, SB1006, SB504, SB917, SB925, SB388, SB1902, SB1121, SB995, SB857, SB305, SB296, SB284, SB35, SB6, SB815, SB3, SB1281, SB1379, SB1300, SB1497, SB1499, SB1498, SB1451, SB263, SB523, SB569, SB688, SB766, SB914, SB971, SB1066, SR215, SR245, SR247, SR258, SCR9, SJR56, SJR63, SJR64, SJR69, SJR70, SJR71, SCR30, SCR31, SCR32, SCR33, SB1701, SB1702, SB1703, SB1704, SB1705, SB1706, SB1707, SB1708, SB1709, SB1710, SB1711, SB1712, SB1713, SB1714, SB1715, SB1716, SB1717, SB1718, SB1719, SB1720, SB1721, SB1722, SB1723, SB1724, SB1725, SB1726, SB1727, SB1728, SB1729, SB1730, SB1731, SB1732, SB1733, SB1734, SB1735, SB1736, SB1737, SB1738, SB1739, SB1740, SB1741, SB1742, SB1743, SB1744, SB1745, SB1746, SB1747, SB1748, SB1749, SB1750, SB1751, SB1752, SB1753, SB1754, SB1755, SB1756, SB1757, SB1758, SB1759, SB1760, SB1761, SB1762, SB1763, SB1764, SB1765, SB1766, SB1767, SB1768, SB1769, SB1770, SB1771, SB1772, SB1773, SB1774, SB1775, SB1776, SB1777, SB1778, SB1779, SB1781, SB1782, SB1783, SB1784, SB1785, SB1786, SB1787, SB1788, SB1789, SB1790, SB1791, SB1792, SB1793, SB1794, SB1795, SB1796, SB1797, SB1798, SB1799, SB1800, SB1801, SB1802, SB1803, SB1804, SB1805, SB1806, SB1807, SB1808, SB1809, SB1810, SB1811, SB1812, SB1813, SB1814, SB1815, SB1816, SB1817, SB1818, SB1819, SB1820, SB1821, SB1822, SB1823, SB1824, SB1825, SB1826, SB1827, SB1828, SB1829, SB1830, SB1831, SB1832, SB1833, SB1834, SB1835, SB1836, SB1837, SB1838, SB1839, SB1840, SB1841, SB1842, SB1843, SB1844, SB1845, SB1846, SB1847, SB1848, SB1849, SB1850, SB2188, SB2230, SB2312, SB2345, SJR56, SJR63, SJR64, SJR69, SJR70, SJR71, SCR30, SCR31, SCR32, SCR33, SB1701, SB1702, SB1703, SB1704, SB1705, SB1706, SB1707, SB1708, SB1709, SB1710, SB1711, SB1712, SB1713, SB1714, SB1715, SB1716, SB1717, SB1718, SB1719, SB1720, SB1721, SB1722, SB1723, SB1724, SB1725, SB1726, SB1727, SB1728, SB1729, SB1730, SB1731, SB1732, SB1733, SB1734, SB1735, SB1736, SB1737, SB1738, SB1739, SB1740, SB1741, SB1742, SB1743, SB1744, SB1745, SB1746, SB1747, SB1748, SB1749, SB1750, SB1751, SB1752, SB1753, SB1754, SB1755, SB1756, SB1757, SB1758, SB1759, SB1760, SB1761, SB1762, SB1763, SB1764, SB1765, SB1766, SB1767, SB1768, SB1769, SB1770, SB1771, SB1772, SB1773, SB1774, SB1775, SB1776, SB1777, SB1778, SB1779, SB1781, SB1782, SB1783, SB1784, SB1785, SB1786, SB1787, SB1788, SB1789, SB1790, SB1791, SB1792, SB1793, SB1794, SB1795, SB1796, SB1797, SB1798, SB1799, SB1800, SB1801, SB1802, SB1803, SB1804, SB1805, SB1806, SB1807, SB1808, SB1809, SB1810, SB1811, SB1812, SB1813, SB1814, SB1815, SB1816, SB1817, SB1818, SB1819, SB1820, SB1821, SB1822, SB1823, SB1824, SB1825, SB1826, SB1827, SB1828, SB1829, SB1830, SB1831, SB1832, SB1833, SB1834, SB1835, SB1836, SB1837, SB1838, SB1839, SB1840, SB1841, SB1842, SB1843, SB1844, SB1845, SB1846, SB1847, SB1848, SB1849, SB1850, SB2188, SB2230, SB2312, SB2345
OK

Oklahoma 2026 Regular Session

Business and Insurance 2ND REVISED Feb 19th, 2026 at 09:30 am

Business and Insurance

Transcript Highlights:
  • That adding regulatory costs, as Senator Guthrie mentioned, it more cost to back to the insurance carriers
  • instead of lowering homeowners' costs.
  • A house that was valued at $250,000 four years ago is now valued at $550,000.
  • A bumper from the salvage yard might cost $800, while a new one from the factory might cost $1,500.
  • Now, it can cost $4,500 to $5,000 just to replace the back bumper due to sensors and cameras.
KY
Transcript Highlights:
  • an ATC generates a a weighted FTE value an ATC generates a a weighted FTE value for<00:08:05.840
  • the weighted FTE value and that potential<00:09:05.040> incentive<00:09:05.600> value,
  • > resources<00:10:42.480> with cost-saving and shared resources with cost-saving and shared
  • It's not a replacement for holidays. It's not a replacement for child<00:30:04.080> care.
  • kids to a child care facility that costs kids to a child care facility that costs $10,000<00:46:
Keywords: 958, all
Summary: The subcommittee met without a quorum and first heard from Kentucky Department of Education officials on career and technical education funding. KDE explained that House Bill 499 created a CTE funding formula using 60% weighted full-time equivalent enrollment and 40% incentives, but House Bill 6’s budget language excluded area technology centers (ATCs) from that supplemental funding. KDE requested approval of an additional budget request of $14,789,352 in each fiscal year 2027 and 2028 to include ATCs in the formula and hold local districts harmless. Officials said ATCs serve students from 117 of Kentucky’s 171 districts and argued the change would reduce funding disparities and better reflect the return on investment from CTE programs, citing growth in dual credit and work-based learning participation. Members asked whether the issue would need to be revisited each budget cycle. KDE responded that the problem could be fixed by removing the notwithstanding language from the budget bill, which they said would allow ATCs to be included under the existing statute. Representative Klein supported the request, saying the current clause could lead to stagnation and that the committee should help the program continue to grow. No vote was taken on the CTE item during the portion of the meeting provided. The committee then heard a presentation from PreK for All on expanding preschool access in Kentucky. Advocates said the state’s preschool program has been funded since 1990 and currently serves about 14,200 children at roughly $84 million per year, but that many working families still fall into a coverage gap. They proposed expanding eligibility to 250% of the federal poverty line, which they said would add about 9,600 children at a cost of $40 million in year two, after a planning year. The proposal also included regulatory flexibility for classrooms and partnerships with private child care providers and nonprofits, with speakers emphasizing child care deserts in some counties and citing research that early learning improves kindergarten readiness and later outcomes. No action or vote was taken on the preschool proposal in the transcript provided.
TX

Texas 89th 2nd C.S.

State Affairs May 6th, 2026

State Affairs

Transcript Highlights:
  • That can reduce costs.
  • Costs are shifting to Texans.
  • Second, cost. BYOP eliminates cost shifting. No transmission buildout. No stranded assets.
  • And there is not cost recovery for me between rate cases of those extra costs.
  • cost is going to go up.
Keywords: 1184, house, all
FL

Florida 2026 4th Special Session

January 14, 2026 - 08:00 AM

Transcript Highlights:
  • But that would incur some costs as well.
  • So implementation cost get moved around.
  • costs go up.
  • That was an 18 million other costs.
  • We did not like that cost mind you and said we negotiate a lower costs, which is a 10.7 million dollars
TX
Transcript Highlights:
  • That is the cost.
  • Because it's a cost to move. The cost is one that we have within our operation budget.
  • to cost me $800 a day.
  • BIPs are cost-effective.
  • You’ve heard earlier about some of the overtime costs and the housing costs.
Summary: The Senate Finance Committee heard the Legislative Budget Board’s overview of the Texas Department of Public Safety’s 2026-27 budget, followed by extensive testimony from DPS leadership. The LBB presentation covered funding and staffing changes across driver license services, facilities, troopers and recruit schools, crime labs, vehicle and aircraft operations, and border security. The recommendations included added support for customer service staffing and trooper hiring, but did not include several DPS exceptional items such as major driver license staffing and technology requests, new regional headquarters in El Paso and San Antonio, and other capital projects. Members also discussed proposed rider changes, including a new rider to lapse unused trooper funding and require reporting after recruit schools. Much of the committee’s questioning focused on driver license operations, where senators criticized long call wait times, low call-answer rates, appointment delays, and what they viewed as an overreliance on adding staff rather than improving processes. DPS and LBB witnesses said the agency is pursuing some technology upgrades, including automation, online pre-population of applications, and appointment-system improvements, but acknowledged that the driver license division remains a major problem area. Senators also raised concerns about whether the 2019 efficiency study led to meaningful changes and whether the agency should consider broader process redesign or even a different administrative structure. Colonel Freeman and other DPS officials then defended the agency’s broader law enforcement and border-security work, emphasizing the need for the Williamson County training academy, the 500 additional troopers funded in prior sessions, and continued support for Operation Lone Star. They described DPS’s role in border interdiction, threat-to-life investigations, oilfield theft cases, Capitol and Alamo security, and highway safety, and said the agency is stretched thin by deployments and overtime. Members asked about border reimbursement possibilities, regional staffing differences, pursuit safety, fleet and aircraft replacement needs, and the Texas Ranger Hall of Fame museum. No votes or formal actions were taken in the portion provided.
MN

Minnesota 2025-2026 Regular Session

Committee on Finance - 04/14/26

Finance

Transcript Highlights:
  • So Article 1 strikes out and replaces the new appropriation values for the Department of Education.
  • Article 1 strikes out and replaces the new appropriation values for the Department of Education.
  • So Article 1 strikes out and replaces the new appropriation values for the Department of Education.
  • The costs.
  • not the underlying asset value. not the underlying asset value.
Keywords: 1187, senate, all
TX

Texas 89th 2nd C.S.

Insurance Apr 2nd, 2025

Insurance

Transcript Highlights:
  • And those costs along with insurance costs, additional insurance costs that you have to pay all the billing
  • Two, construction costs.
  • So what is the cost of, yeah, what's the cost of reinsurance?
  • Is there a benefit, but if there isn't, if the cost, it doesn't make sense to incur that cost, then,
  • of the cost of the house, the value of the house.
MN

Minnesota 2025-2026 Regular Session

Committee on Agriculture, Veterans, Broadband and Rural Development - 03/05/25

Agriculture, Veterans, Broadband, and Rural Development

Transcript Highlights:
  • Traditional fertilizers that come in here, a huge portion of the cost of that fertilizer is energy cost
  • A significant portion, actually the majority of that cost, is energy costs.
  • cost is energy costs majority of that cost is energy costs these<00:33:23.240> these<00:33:23.399
  • in, then it's cost comparable.
  • <01:06:38.680> of and lending are high and the value of and lending are high and the value
Keywords: 1187, senate, all
TX

Texas 89th 2nd C.S.

Public Education Jun 1st, 2026

Public Education

Transcript Highlights:
  • value.
  • You know, the property values make us whole with property values.
  • Additionally, the cost is well below what private child care costs in our area.
  • Okay, so that's the value.
  • to cover those costs.
Keywords: 1184, house, all