Video & Transcript Research : 'distribution trust advisor'

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TX

Texas 89th 2nd C.S.

Human Services Apr 8th, 2025

Human Services

Transcript Highlights:
  • Our services are free to families and our advisors provide personal guidance based on personal care needs
  • For example, none of our senior living advisors, um, are paid different based on referral.
  • Our top priority is ensuring that families have access to safe, transparent, and trusted support when
FL

Florida 2025 Regular Session

December 10, 2025 - 01:00 PM

Transcript Highlights:
  • TO CAPACITY, TRAINING, PRIVACY AND SUSTAINABILITY STATES CAN HARNESS AI'S POTENTIAL WHILE BUILDING TRUST
  • EACH STATE TAKING RECOMMENDATIONS TO THE GOVERNOR'S OFFICE BECAUSE WE WANT TO HAVE A GOOD VERSUS DISTRIBUTION
  • AND FLORIDA STATE HAVING A MODEL WHERE WE ARE USING AI AND TECHNOLOGY ALONG WITH OUR FACULTY AND ADVISORS
CA
Transcript Highlights:
  • And there's a letter that's coming in late, but it'll be distributed.
  • Alex Lumer, on behalf of Pacific Forest Trust, in support.
  • Marjorie Lee Samson, Advisors, here on behalf of Charm Industrial and EB Carbon, in strong support.
Summary: The Assembly Natural Resources Committee heard three major bills. SB 237, by Senator Grayson, proposed a package of fuel-supply and permitting changes aimed at stabilizing gasoline prices during California’s energy transition. Supporters, including state officials, Kern County representatives, labor groups, and industry groups, said it would help retain in-state refining and drilling capacity, reduce price spikes, and protect jobs. Opponents, including environmental justice and conservation groups, argued it would expand oil drilling without enough community protections and would not meaningfully address climate goals. After extensive testimony and questions about emissions, sunsets, and long-term strategy, the committee passed SB 237 on a due pass vote, with some members voting no or not voting. SB 352, by Senator Reyes, sought to strengthen implementation of AB 617, the community air protection program, by codifying the Environmental Justice Bureau in the Department of Justice, extending monitoring requirements, and requiring annual legislative reporting. Supporters said the bill would improve accountability and ensure that funding for impacted communities actually produces emissions reductions. Some environmental justice advocates were neutral or not fully supportive because they wanted stronger language, while business and industry groups opposed the bill, arguing it was added late and duplicated existing processes. The committee approved SB 352 on a due pass vote. SB 840, by Senator Limon, was the cap-and-invest reauthorization package. It would update offset protocols, adjust how revenues are spent, and continue funding for key climate, housing, transit, and community programs, including AB 617. Support came from environmental groups, labor, local governments, housing advocates, and clean transportation organizations, while some agricultural interests objected that the package did not sufficiently prioritize climate-smart agriculture and methane reduction programs. The committee passed SB 840 on a due pass vote as well. All three measures were later confirmed out of committee after calls were lifted.
FL

Florida 2025 Regular Session

March 20, 2025 - 02:00 PM

Transcript Highlights:
  • They started last year working on this from day one, and they have been trusted advisors and counsel
  • of their natural resources revenue, put it in a sovereign wealth fund, manage it, invest it, and distribute
Summary: The committee met to hear five banking and insurance-related bills. HB 1549, an Office of Financial Regulation agency bill to help more efficiently regulate financial institutions, was amended to match Senate companion language and then passed unanimously. HB 1231 would extend physician payment and prior-authorization protections similar to a prior dental law, including limits on virtual credit card payments as the sole payment method; physicians and medical groups supported it as a way to reduce fees and retroactive denials, while insurers were not heard in opposition, and the bill passed unanimously. The committee then heard HB 999, which would make gold and silver legal tender and allow transactions in bullion through electronic debit mechanisms. The sponsor and several proponents framed it as an inflation hedge and economic freedom measure, while questions focused on definitions, transaction costs, and vendor participation. The bill passed on a mostly party-line vote, with one member voting no. The committee also approved HM 4363, a memorial urging Congress to establish a sovereign wealth fund; the sponsor described it as a way to steward national wealth, and the memorial passed with one dissenting vote. Finally, the committee took up HB 1551, which would create a prevailing-party attorney fee framework in insurance contract disputes. The sponsor argued it would restore balance, deter meritless litigation, and help consumers with valid claims recover fees, while insurers, business groups, and defense attorneys warned it would revive one-way fee shifting, increase litigation, and raise premiums. Consumer advocates and some members supported it as necessary to give policyholders meaningful recourse. After debate, the bill passed favorably, with one member voting no.
NH
Transcript Highlights:
  • , trusts.
  • In modern New Hampshire trusts, trusts.
  • , such as a trust advisor or trust protector serving in a role which was traditionally occupied exclusively
  • This is generally referred to as the directed trust approach to trust administration.
  • contract, such as a distribution advisor.
Keywords: 928, house, all
Summary: The committee first held a public hearing on Senate Bill 25, which would allow state-chartered credit unions to compensate board members if the membership approves it. Prime sponsor Senator Dan Innis said the bill is enabling only, intended to help credit unions recruit and retain qualified directors and align New Hampshire with other states that already allow such compensation. Credit union representatives from the Cooperative Credit Union Association and St. Mary’s Bank supported the bill, saying board service has become more complex because of cybersecurity, asset-liability management, and other regulatory demands, and that compensation could be modest and take forms such as meeting fees or educational reimbursement. In response to committee questions, they said compensation would be set by the membership, disclosed in advance, and subject to bylaws and internal policies; they also noted that board members must be credit union members and that voting procedures vary by institution, with some using mailed ballots rather than proxy voting. Members raised questions about why credit union boards were historically excluded, what kinds of compensation were contemplated, whether there would be a cap, and how voting and confidentiality would work. Testimony explained that the historical rationale was the nonprofit, volunteer mission of credit unions, but witnesses argued that the modern environment and competition for talent justify a change. They also said the bill would not mandate compensation and would not create a salary structure comparable to banks, but would allow members to approve modest compensation or reimbursements. After no further testimony, the chair closed the public hearing on Senate Bill 25. The committee then opened a public hearing on Senate Bill 26, sponsored by Senator Howard Pearl, concerning the definition of deposits in land sales and escrowed accounts. Pearl said the bill would clarify that buyer funds for upgrades and luxury items in new-home construction are not treated as refundable deposits that must be held in escrow, arguing that the current Attorney General interpretation raises builder costs, increases home prices, and can limit buyer choices. He said the proposal would allow those upgrade funds to be paid directly to builders for construction, with signed disclosures making clear that the buyer requested the items and bears the risk if financing falls through. The hearing on Senate Bill 26 had just begun when the transcript ended.
CA

California 2025-2026 Regular Session

Assembly Health Committee Jul 8th, 2025

Transcript Highlights:
  • The care outreach team is already currently meeting with her at her unhoused spaces to build trust, offer
  • When we are forced into care, we feel demeaned and traumatized, and we lose trust.
  • I have to trust what they say with my life. There must be a better way.
  • Alison Barnett with Platinum Advisors on behalf of FAIR, Food Allergy Research and Education, support
  • I mean, luckily it's not anaphylactic, but you can't trust what people tell you.
Summary: The committee heard several health-related measures. SB 27 by Senator Umberg would revise and expand California’s CARE Court by limiting the expansion to people with bipolar I disorder with psychotic features, clarifying the definition of “clinically stabilized,” and narrowing the role of nurse practitioners and physician assistants. Supporters, including behavioral health officials and family members, said the bill would reduce dismissals and better serve people with severe illness; opponents warned the expansion would strain county staffing and housing resources and could undermine voluntary engagement. The bill passed on a do pass motion to the Committee on Public Safety. SB 503 by Senator Weber Pierson would require AI tools used in health care facilities to be identified, monitored, and mitigated for bias when used in clinical decision-making or resource allocation. The author and supporters from Kaiser Permanente and the California Medical Association said the bill would help prevent discriminatory outcomes and improve trust and safety. The committee discussed the need to clarify developer and deployer responsibilities, and the bill passed as amended to Privacy and Consumer Protection. SB 68 by Senator Menjivar would require restaurants to provide written allergen information for the top nine food allergens, with tiered flexibility for smaller establishments. The bill was supported by patients, families, nurses, and allergy organizations, who described severe reactions and the difficulty of relying on verbal disclosures alone. The California Restaurant Association opposed unless amended, seeking broader use of the national model food code and additional liability language. The bill passed as amended to Appropriations. The committee also heard SB 403 by Senator Blakespear, which would remove the sunset from the End of Life Option Act; supporters described the law as a compassionate, well-functioning option for terminally ill patients, while faith-based groups opposed it. The bill passed to Judiciary. Later, SB 41 by Senator Wiener was introduced to rein in pharmacy benefit manager practices that steer patients to mail-order pharmacies and reimburse community pharmacies below cost; community pharmacists and several health organizations testified in support, describing pharmacy closures and patient access problems.
FL

Florida 2026 Regular Session

Transportation Feb 11th, 2025

Transportation

Transcript Highlights:
  • And so protecting the Transportation Trust Fund is certainly one of our many...
  • And so protecting the Transportation Trust Fund is certainly one of our many, many advocate messages
  • We do a lot with our trust fund. And we've got a lot of priorities.
  • Then, as I mentioned, we have the non-voting advisors and we have the agencies on there.
  • Trust me, I recognize that time has tremendous value, and we don't want to waste taxpayer dollars delaying
Summary: The Senate Committee on Transportation met to hear presentations from the Florida Department of Transportation on rural arterial roadways and transportation resiliency, followed by a panel discussion on metropolitan planning organizations (MPOs). FDOT’s Will Watts described the state’s growing population and travel demand, emphasizing that rural arterials are critical for connectivity, freight movement, evacuation routes, and congestion relief. He outlined FDOT’s project selection factors, noted thousands of identified rural arterial needs with billions in unfunded demand, and explained that the department uses community input and long-range planning to prioritize safety, capacity, and economic development. Watts then discussed resiliency planning for hurricanes and flooding, focusing on structural design, storm readiness, and drainage. He highlighted efforts such as elevated bridges, wave attenuators, coastal armoring, drainage upgrades, and materials testing at FDOT’s research facilities to extend service life and reduce storm damage. Committee members asked about local project selection, materials research, LiDAR use, and legislative support; Watts said local coordination drives project priorities and asked lawmakers to protect the Transportation Trust Fund. The MPO panel, led by FDOT’s Kim Holland, explained that MPOs are federally required in urban areas over 50,000 population and that Florida has 27, the most in the nation. Holland said MPOs identify and prioritize transportation needs through long-range plans and public engagement, and she noted that several regions are exploring consolidation after the 2020 Census, especially in Tampa Bay and Southwest Florida. Representatives from MetroPlan Orlando, Forward Pinellas, Pasco MPO, and Hillsborough discussed their structures and the potential benefits and challenges of merging, including representation, governance, funding, and maintaining local voice. Members generally supported regional collaboration, urged patience as studies continue, and emphasized the need for transparent public engagement, while the committee adjourned after no further business.
CA

California 2025-2026 Regular Session

Assembly Floor Session Jun 8th, 2026

California House Floor Meeting

Transcript Highlights:
  • When thousands of residents were overwhelmed by loss and uncertainty, Larry became a trusted source of
  • Burke was a respected political strategist and an advisor who worked alongside many of California's most
  • Burke was a respected political strategist and an advisor who worked alongside many of California's most
  • strategist, respected policy expert, successful businessman, an agency leader, community advocate, and trusted
  • He completely had faith in her abilities, trusting her to lead and get the job done.
Summary: The Assembly convened, established a quorum, and handled a number of procedural motions, including suspending rules for adjournments in memory and guest introductions, rescinding prior action on SB 493, and re-referring several Senate bills to different committees. Members also recognized guests on the floor, including family members, interns, firefighters from the Corona Fire Department, and the Quartz Hill High girls’ soccer team, which was honored for its historic championship season. The main floor action was on AB 1795 by Assembly Member Gibson, the Smoke Damage Recovery Act, which would create statewide standards for inspecting, testing, and remediating wildfire smoke damage and set clearer insurance claim practices. Supporters said the bill would help wildfire survivors return home safely and urged science-based standards and a rebuttable presumption that contamination after a wildfire was caused by the fire; opponents warned the bill could raise costs and should better address government failures in fire recovery. The bill passed on a 54-6 vote, including the urgency clause. Members also adopted SCR 137, proclaiming March 15 as Justice Ruth Bader Ginsburg Day, with remarks praising her role in advancing gender equality and equal rights. The resolution was adopted after 65 co-authors were added and then approved by voice vote. The consent calendar, including SJR 11, was adopted 71-0. A large portion of the session was devoted to adjournments in memory, including tributes to Larry Vane, Dr. William A. Burke, Colonel Alfred P. Glover, and Rita Semmel. The Assembly also honored departing Member James Gallagher, who gave extended farewell remarks before leaving for Congress. The house then announced upcoming committee meetings and adjourned until Thursday, June 11, at 9 a.m.
CA

California 2025-2026 Regular Session

Assembly Floor Session Jun 8th, 2026

California House Floor Meeting

Transcript Highlights:
  • When thousands of residents were overwhelmed by loss and uncertainty, Larry became a trusted source of
  • Burke was a respected political strategist and an advisor who worked alongside many of California's most
  • Burke was a respected political strategist and an advisor who worked alongside many of California's most
  • strategist, respected policy expert, successful businessman, an agency leader, community advocate, and trusted
  • He completely had faith in her abilities, trusting her to lead and get the job done.
Keywords: 988, house, all
Summary: The Assembly convened after a quorum call, opened with prayer and the Pledge of Allegiance, and handled several procedural motions, including re-referrals of a few Senate bills and permission for members to make special introductions and adjournment remarks. Members then offered a series of guest introductions recognizing family members, interns, first responders from the Corona Fire Department, and the Quartz Hill High girls’ soccer team for its historic championship season. The chamber also held a lengthy tribute to Assembly Member James Gallagher as he prepared to depart for the U.S. House of Representatives. Colleagues praised his leadership, convictions, and relationships across the aisle, and Gallagher thanked his family, staff, and colleagues while reflecting on his service and the importance of minority voices, stewardship, and the legislative branch. The Assembly later adopted SCR 137, proclaiming March 15 as Justice Ruth Bader Ginsburg Day, after supportive remarks highlighting her legacy on gender equality and equal rights. On the floor file, AB 1795 by Assembly Member Gibson, the Smoke Damage Recovery Act, was debated at length. Supporters said it would create statewide standards for smoke-damage inspection, testing, remediation, and insurance claims handling after wildfires; opponents warned it could raise costs and should better address government failures in fire recovery. The bill passed with 54 ayes and 6 noes on both the urgency and the measure. The Assembly also adopted the consent calendar and then spent the remainder of the session on adjournments in memory for Larry Vane, Dr. William A. Burke, Colonel Alfred P. Glover, and Rita Semmel, honoring their community service and legacies before adjourning until June 11 at 9 a.m.
KY

Kentucky 2026 Regular Session

Interim Joint Committee on Natural Resources & Energy.(7-2-26)

Natural Resources & Energy

Transcript Highlights:
  • But to your point, yes, we're concerned that we get those funds distributed evenly.
  • But to your point, yes, we're concerned that we get those funds distributed evenly.
  • I've recently been able to hire a senior advisor who came back to Eastern Kentucky.
  • And final question: when you once you filtered it, how do you distribute it?
  • that distribution line and pull<01:19:57.040> right<01:19:57.320> up.
Bills: SB8
FL

Florida 2026 Regular Session

FL House Floor Session - 2026-01-15 (10:00AM Session)

Florida House Floor Meeting

Transcript Highlights:
  • Make us quick to give you praise, and in the times of trial, suffer not our trust in thee to fail.
  • Representative, are you talking about an illegal distribution of a prescription medication?
  • We are the number one HBCU for online study by Forbes advisor as of 2025, the number one public HBCU
  • But don't stop this bill from passing because now all of a sudden you don't trust the justice system.
  • Jefferson said they cannot take care of themselves, and Adams said they were not fit to be trusted by
Summary: The House convened with prayer, the Pledge of Allegiance, and quorum established, then adopted the Rules and Ethics Committee’s special order report for the day. The chamber first took up HB 167 on former phosphate mining lands. Sponsor Rep. McClure said the bill would remove strict liability for previously mined phosphate lands if a Department of Health study is done at the owner’s request and the former mining status is recorded publicly. Opponents, including Reps. Cross, Nixon, and Eskamani, argued the bill did not provide enough notice to future buyers and renters and could create health and disclosure concerns. The bill passed 87-24. The House then passed HB 145 on suits against the government, which Rep. McFarland said updates Florida’s sovereign immunity caps for the first time since 2010, raising them to $500,000 per person and $1 million per incident with future automatic increases, aligning the statute of limitations with private claims, and allowing governments to settle above the caps if they choose. He said the bill would make redress more accessible without eliminating the liability shield. The bill passed 104-7. The chamber then considered CS/HB 289 on civil liability for the wrongful death of an unborn child, a bill by Rep. Greco that would amend the Wrongful Death Act to allow parents and other survivors to bring claims for the death of an unborn child, while exempting the mother and lawful medical care provided within the standard of care. Debate centered on whether the bill could affect abortion access, fertility treatment, miscarriage care, surrogacy, and liability for doctors, friends, family members, and others. Multiple amendments were offered to narrow the bill or add carve-outs for abortion, fertility care, surrogates, perinatal professionals, rape/incest/human trafficking situations, and to require the mother’s consent before suit; sponsors and opponents argued over whether these changes would prevent frivolous lawsuits or instead create loopholes and weaken the bill. None of the amendments were adopted during the portion of the transcript provided.
MN

Minnesota 2025-2026 Regular Session

House Fraud Prevention and State Agency Oversight Policy Committee 7/8/25

Fraud Prevention and State Agency Oversight Policy

Transcript Highlights:
  • ,<00:30:42.960> nonhomestead deposit, certain trusts, nonhomestead deposit, certain trusts
  • Our federal relations officers, our general counsel, legal advisors, state advisors, our federal partners
  • ,<01:04:38.480> state<01:04:38.880> advisors, counsel, legal advisors, state advisors
  • , counsel, legal advisors, state advisors, our<01:04:40.079> federal<01:04:40.480> partners
  • trusting on this. Those were his words. trusting on this. Those were his words.
Keywords: 1183, house
OK

Oklahoma 2026 Regular Session

Business and Insurance 2ND REVISED Apr 23rd, 2026 at 09:30 am

Business and Insurance

Transcript Highlights:
  • Brent Keith has been an investment advisor for 24 years and is currently registered with LPL Financial
  • He's a certified financial planner professional, a certified kingdom advisor, and a chartered advisor
  • serves as the Executive Vice President and Chief Operating Officer of our local Citizens Bank and Trust
US
Transcript Highlights:
  • Before joining the Trump administration in January, as a senior advisor, she most recently was the Deputy
  • General Counsel, and then now as a Senior Advisor to the Administrator, through both his prior service
  • The EPA General Counsel is the chief legal advisor to EPA and provides legal advice on environmental
  • I mean, trust me, to get a record permit for a hazardous waste disposal facility is a rigorous process
Summary: The committee meeting focused on the presidential nominations of Brigadier General Brian Nesvick as Director of Fish and Wildlife and Jess Kramer and Sean Donahue as assistant administrators at the EPA. Each nominee presented their qualifications and experiences in their respective fields, with an emphasis on their commitment to uphold the laws passed by Congress. The discussion highlighted the nominees' dedication to addressing environmental issues and their proactive stances on regulatory matters. After deliberation, votes were held to report the nominations favorably, despite some members voicing concerns regarding their qualifications and potential conflicts with environmental interests.
MO

Missouri 2026 Regular Session

2026 Legislative Session - Day Seventy One - Friday, May 15 - Morning Session

Missouri House Floor Meeting

Transcript Highlights:
  • Trust me, it hasn't been very easy.
  • Those of you who see gentlemen, like from the Coleman District, a financial advisor, they talk about
  • A gentleman, like from the Coleman District, a financial advisor, they talk about that with you and your
  • It's been distributed, and I move for its adoption.
Keywords: 959, house, all
TX

Texas 89th Regular

Higher Education Mar 4th, 2025

Higher Education

Transcript Highlights:
  • legislature legislature the opportunity to determine the appropriation amount and evaluate the distribution
  • only the funding amount, but also the methodology. methodology and that methodology will be in distribution
  • appropriations, my larger purpose is to initiate. relationship with this legislative body built on trust
  • I spent over three decades in an organization where trust sat at the core of all we did.
  • I started this conversation speaking about trust and accountability.
Keywords: 1184, house, all
MN

Minnesota 2025-2026 Regular Session

House Floor Session - part 2 May 16th, 2025

Minnesota House Floor Meeting

Transcript Highlights:
  • If I truly believe those and trust my school board members, then my path on this is pretty clear.
  • So folks, I think if we want to trust our local electeds, if we want to trust our school boards, if we
  • We want to trust our educators. We have teachers that know when it's appropriate.
  • Behind the scenes, we also have advisor Cassandra Rooney, and we can never forget the...
  • This created unexpected distortions in the distribution of compensatory aid.
CA
Transcript Highlights:
  • It distributes funding for enrollment, facilities, insurance costs, et cetera.
  • We distribute funding to campuses based on enrollment.
  • We distribute funding to campuses based on facilities, utility costs, which are different by region,
  • I serve as the executive advisor for civil rights programming and services at the CSU's Chancellor's
  • And as a faculty course advisor, I wanted to mention something else, which I see is critical to seamless
Summary: The Assembly Budget Subcommittee on Education Finance held an oversight hearing on the California State University system covering enrollment, core operations, Title IX/civil rights, and basic needs. The Department of Finance said the Governor’s 2026-27 budget does not change CSU enrollment targets from the prior year and proposes a 5% ongoing General Fund increase for core operations as the final year of the compact. The Legislative Analyst’s Office recommended a lower resident undergraduate enrollment target than the Governor’s proposal, separate funding for enrollment growth rather than folding it into base, a smaller or no base increase tied more closely to inflation, earmarking some base funds for capital renewal, retiring deferred payments, and avoiding new multi-year compact commitments. CSU said enrollment has rebounded for three straight years, but growth is uneven across campuses, with several Northern California campuses still facing structural declines tied to demographics and community college pipelines. CSU described a multi-year reallocation plan shifting about 10,000 FTE and $89 million in ongoing funding toward higher-demand campuses, plus $40 million in one-time support, and said seven campuses submitted turnaround plans aimed at recovering enrollment over the next several years. The system highlighted strategies such as dual enrollment, guaranteed admission pathways with community colleges, outreach to high school students, retention and advising efforts, and new degree models for working adults and military-connected students. Members raised questions about how campus targets are set, whether the May Board of Trustees discussion will address a systemwide enrollment framework, and how CSU will manage future deficits if projected out-year funding does not materialize. On core operations and facilities, CSU said it faces about $320 million in mandatory cost increases in 2026-27 and is pursuing shared services, procurement consolidation, campus administrative sharing, and program redesigns to reduce costs. CSU and the LAO emphasized the system’s large deferred maintenance backlog, estimated at $8.6 billion, and discussed whether CSU’s bond/debt capacity is sufficient to address it; CSU requested up to $1.1 billion for deferred maintenance, while the administration did not propose new funding. The committee also heard CSU’s annual Title IX and civil rights update: CSU said it has implemented 15 of 16 State Auditor recommendations, has dedicated Title IX coordinators at every campus, is using a systemwide case management dashboard, and is piloting centralized investigations at five campuses. Finally, on basic needs, the Governor maintained current funding levels for food assistance/basic needs, rapid rehousing, and mental health. CSU reported heavy use of food pantries, CalFresh support, emergency housing, and counseling services, while warning that federal changes to CalFresh and related funding could make it harder to serve students in need.
CA
Transcript Highlights:
  • Additionally, we would likely distribute the... we would see additional funds going to our colleges to
  • My name is Samuel Lee, Senior Advisor to the Chancellor in Credit for Prior Learning.
  • $136 million, hopefully we'll get some clarification by May in terms of how those funds can be distributed
  • That these two districts are now putting back into the pool for it to just be used to distribute across
  • I'm Sabrina Means with Capital Advisors Group on behalf of Santa Monica College, echoing the comments
Summary: The Assembly Budget Subcommittee on Education Finance held a hearing focused on California Community College budget proposals. Chair Alvarez opened by emphasizing the system’s role in access, transfer, workforce training, and serving more than 2 million students, while also noting persistent challenges in enrollment, persistence, transfer, and graduation. Public commenters and system representatives broadly supported COLA, enrollment growth funding, deferred maintenance, student support block grants, and additional flexibility for districts facing uncertainty. The first major panel covered the student-centered funding formula, COLA, and enrollment growth. The Department of Finance said the Governor proposes a 2.43% COLA ($230.4 million) and 0.5% enrollment growth funding ($30.4 million). The LAO said the COLA was reasonable and recommended funding at least the proposed growth amount, citing uneven enrollment recovery and regional differences. The Chancellor’s Office supported both proposals and asked for additional changes, including using the greater of current-year or three-year average for apportionments and lifting the 10% local enrollment cap, arguing these would better fund growing districts. Members questioned how the formula works, whether SCFF is improving outcomes, and how much additional funding would be needed under different growth scenarios. The committee then reviewed categorical program COLAs, Rising Scholars, career education proposals, IT proposals, and student housing. The Governor proposed a 2.43% COLA for selected categorical programs ($31.9 million). For Rising Scholars, the Governor proposed $30 million ongoing and removal of the cap on participating colleges; the LAO urged waiting for outcome data before doubling funding, while the Chancellor’s Office said the program is serving more students and supports equity for justice-impacted students. On career education, the Governor proposed $50 million for credit for prior learning and $50 million for a career passport; the LAO supported more reporting on credit for prior learning but recommended rejecting the career passport as too undefined, while the Chancellor’s Office supported both. On technology, the Governor proposed $162.5 million for a common cloud data platform and $168 million for a common ERP system; the LAO said both were premature or lacked sufficient planning and recommended rejection, while the Chancellor’s Office argued they would improve real-time data, security, and systemwide efficiency. The committee also heard an update on student housing: the administration said the 2024 shift to a lease-revenue bond model remains in progress for 13 approved projects, with 11 still active, and members asked about withdrawn projects and possible use of any returned funds. No votes were taken, and several items were held open for further discussion and May Revision updates.
NM

New Mexico 2025 Regular Session

IC - Legislative Finance Aug 19th, 2025

Transcript Highlights:
  • I'm also an advisor to the Economic Development Department.
  • And then, of course, thank you for the trust and the investment in the PRC.
  • I said I was grateful for the trust; I mean it, we're really excited. about where the PRC is headed.
  • now that you can look across systems and see where there's a place you can put a large and our distribution
  • I think we see you're implementing the trust and the investment in a pretty aggressive way.