Video & Transcript Research : 'replacement cost value'

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NM

New Mexico 2025 Regular Session

IC - Public School Capital Outlay Oversight Task Sep 9th, 2025

Public School Capital Outlay Oversight Task Force

Transcript Highlights:
  • These are the large replacement or new school projects, systems projects which are replacing a particular
  • it costs nowadays.
  • State charter schools cover all operational costs independently, including transportation costs, staffing
  • That total cost is $27 million.
  • And so what's the cost? What's the true cost? And is there an issue when you pay on the higher end?
MN

Minnesota 2025 1st Special Session

Committee on Education Finance - 04/09/25

Education Finance

Transcript Highlights:
  • related to roof repair and replacement.
  • of roof repair and the the costs of roof repair and replacement replacement replacement um<00:52:01.599
  • excess of those um project uh value excess of those um project uh value thresholds<00:53:58.319>
  • clarifying when uh administrative costs clarifying when uh administrative costs uh<00:57:01.839>
  • . like pupil counts or actual costs.
Keywords: 1187, senate, all
MN

Minnesota 2025 1st Special Session

House Agriculture Finance and Policy Committee 3/24/25

Agriculture Finance and Policy

Transcript Highlights:
  • We deal with a full value chain of people.
  • We deal with a full value chain of people.
  • uh if if you don't need to be replaced uh if if you don't replace<00:20:07.240> these<00:20:07.400
  • <00:42:44.920> of small of a project or the value of small of a project or the value of reimbursement
  • , why does the producer have to pay for that cost?
CA

California 2025-2026 Regular Session

Assembly Communications and Conveyance Committee Mar 19th, 2025

Communications and Conveyance

Transcript Highlights:
  • That if it can, quote, turn out the lights, walk away, take costs out of the business.
  • , there is a massive runway after the fact for increasing profits through reducing operating costs. cost
  • Should one company in any area be bearing that full cost? Thank you for the question.
  • If they're going to reduce it, they're going to have to reduce the cost. their op-ex costs through deregulation
  • If you're asking for a release for that, replace it with broadband, right?
Keywords: 988, house, all
FL

Florida 2026 Regular Session

Senate in Special Session F Jun 2nd, 2026

Florida Senate Floor Meeting

Transcript Highlights:
  • This helps keep the exemptions from losing value over time.
  • I know your insurance costs have gone up. I know groceries cost more. I know housing costs more.
  • Someone's neglect, who only got suspended for 10 days, cost $18 million. They shifted the costs.
  • Many are being squeezed by rising property values, escalating insurance costs, and inflation. ...values
  • , escalating insurance costs, and inflation.
Keywords: 999, senate, all
HI

Hawaii 2025 Regular Session

CPC/CPN Joint Info Briefing - Wed Dec 17, 2025 @ 9:30 AM HST

Hawaii House Floor Meeting

Transcript Highlights:
  • cost<00:28:42.159> to homeowner the replacement cost to homeowner the replacement cost
  • cost exceeds the maximum limit offered because if the homeowner is not insured to full replacement cost
  • <00:33:17.200> cost<00:33:17.519> exceeds the dwelling replacement cost exceeds the
  • <00:33:24.799> cost,<00:33:25.440> then insured to full replacement cost, then insured
  • >> Yeah. >> Is it the replacement cost?
Keywords: 910, house, all
Summary: The joint committees held an informational briefing on efforts to expand insurance capacity in Hawaii’s property market, especially for condominium and homeowners coverage. The Insurance Commissioner reviewed the background: a legislative task force, the governor’s emergency proclamation in August 2024, and Senate Bill 1044 in May 2025 led to new condo insurance products. He said the work over the past two and a half years was producing positive results and introduced representatives from HPIA and HHRF/HHR to provide updates. HPIA’s board chair and its administrator described the organization’s history, structure, and current products. HPIA said it was created in 1991 as a residual market for homeowners insurance, now writing four residential products: HO2 homeowners, renters, HO6 condo unit owners, and dwelling fire. They reported policy counts have grown again as admitted-market carriers tightened underwriting, and they discussed financial pressure from reinsurance costs, though those costs had declined in 2025 after different purchasing decisions. They also said the market has become more favorable overall, with some capacity returning and deductibles beginning to ease. Members focused much of their questioning on HPIA’s proposed higher dwelling limits. HPIA explained that the current $450,000 limit for homeowners and dwelling fire was set in 2023, but agents are now asking for a higher limit in the $650,000 to $750,000 range because construction costs have risen and many policies are not being submitted when the limit is too low. HPIA said it has the authority to raise the limit through a filing with the Insurance Division and expects more submissions if the cap increases. They also discussed the shift in the book of business from roughly 70% lava-zone coverage to closer to a 50/50 split between lava and non-lava risks. HPIA outlined strategic initiatives: a new policy administration system that went live October 1 and now allows online payments, online claims reporting, and electronic notices; a filed request to raise the homeowners and dwelling fire limit to $650,000 effective March 1 for new business and April 1 for renewals; an increase in the HO6 condo unit owners limit from $5,000 to $100,000; and a planned commercial property all-other-perils-excluding-hurricane condo product targeted for filing by January 31. No votes were taken, and the meeting was informational only.
NH

New Hampshire 2026 Regular Session

House Health, Human Services and Elderly Affairs (02/24/2026)

Health, Human Services and Elderly Affairs

Transcript Highlights:
  • increased cost. increased cost.
  • Now, indirect costs.
  • Now, indirect costs.
  • Indirect costs: crime.
  • Indirect costs: social trust.
Keywords: 1189, house, all
AR

Arkansas 2026 Regular Session

ALC-REVIEW Jan 13th, 2026

ALC-REVIEW

Transcript Highlights:
  • This contract is originally valued at $2.6 million.
  • Number one is for the college of business roof replacement.
  • It's an original MOF valued at $477,000.
  • So that carries a healthy amount of contingency in that estimated cost.
  • Costs have gone up significantly, certainly across the country.
Summary: The review subcommittee met to consider a supplemental agenda, methods of finance, an alternative delivery project, discretionary grants, and a large slate of construction, out-of-state, and in-state contracts. The supplemental item was a $2.6 million out-of-state contract with Tyler Technologies for a mobile app that would let citizens access state services through a single sign-on, initially for DFA vehicle and licensing services, with possible expansion to other agencies. Members also reviewed five methods of finance, including University of Arkansas projects for roof and cooling tower replacements, a new $100 million academic classroom building at U of A Fayetteville, a police department renovation at UA Fort Smith, and a boiler/chiller replacement at Hope-Texarkana. Questions focused on project timing, why some items were being reviewed after work had begun, and the high estimated cost of the Fayetteville classroom building; DFA explained that projects under $250,000 are not reviewed and that the larger project was still in design and would later seek a guaranteed maximum price. The committee also reviewed two DHS discretionary grants: one for targeted youth advocacy in southwest Arkansas and another adding $582,000 for family-centered treatment training and implementation. In the services contract section, members discussed construction-related contracts, including an ASMSA electrical scope increase tied to three-phase power requirements and the U of A Fayetteville architect contract for the classroom building. Out-of-state contracts included major items such as ACT Education’s $17 million amendment to provide required pre-ACT testing for 9th and 10th graders, a $12.5 million DFA contract for rural health transformation grant management, DHS’s $16.5 million EBT services contract with updated chip-card and fraud-prevention features, and ADH’s special procurement for the Behavioral Risk Factor Surveillance System survey. The committee also reviewed U of A system consulting contracts for financial advisory and sponsorship strategy work, with university officials saying the outside expertise was needed for specialized planning and revenue-generation efforts. In-state contracts covered corrections reentry services, nursing board investigations, foster care and child welfare services, DHS office janitorial work, emergency management radio system expansion, veterans’ home nursing staffing, and UAMS grants consulting. A lengthy exchange centered on the Department of Corrections’ reentry housing contract, with members pressing officials about vacant beds and urging fuller use of the program, while corrections staff said placements depend on screening and eligibility. Another discussion addressed the balance between out-of-state and in-state contracting, with a member noting the large dollar volume going to out-of-state vendors and asking whether Arkansas vendors receive any preference; State Procurement said current law does not allow an in-state preference. The committee approved the supplemental agenda, the methods of finance, the alternative delivery project, the discretionary grants, and the contract lists, and then received routine reports and an emergency action report before adjourning.
MN

Minnesota 2025-2026 Regular Session

Committee on Taxes - 04/14/26

Taxes

Transcript Highlights:
  • replacement to petroleum-based jet fuel. replacement to petroleum-based jet fuel.
  • lower cost for middle-class families. lower cost for middle-class families.
  • the cost of the conformity. the cost of the conformity.
  • There's no value. There's a value there.
  • value that comes from the consumer. value that comes from the consumer.
Keywords: 1187, senate, all
KY

Kentucky 2026 Regular Session

House Standing Committee on Banking and Insurance. (2-18-26)

Banking & Insurance

Transcript Highlights:
  • I do not believe it eliminates the cost; it simply shifts the cost, and one could argue that actually
  • I just want to know a little bit about the cost and ongoing costs? >> Happy to do that, yes.
  • <00:43:32.440> more, and going to court, which costs more, and going to court, which costs
  • costs on roofs.
  • cost policy that you should not get your roof replaced.
Summary: The committee first took up House Bill 527, a cleanup bill related to insurance matters and the Strengthen Kentucky Homes program. The committee substitute removed language that would have repealed the workers’ compensation deductible range, added a one-time grant/reimbursement provision for contractor fortified-roofing certifications, and added an emergency clause. The Department of Insurance said the bill also updates licensing language, addresses issues with unlicensed pharmacy benefit managers, and supports contractor training tied to the roof grant program. The commissioner noted the program is set to go live March 1 and asked members to inform constituents about possible roof grants of up to $10,000. House Bill 527 received a favorable report after the committee adopted the substitute and title amendment by voice vote and then approved the bill on a roll call vote. The committee then heard House Bill 627, a PIP reform bill. The sponsor and State Farm’s legislative agent said the substitute clarified language so the Attorney General can prosecute insurance fraud and reflected negotiations with hospitals, the Kentucky Hospital Association, the Kentucky Justice Association, chiropractors, and physical therapists. The bill would apply the workers’ comp fee schedule to most PIP claims, require bills within 180 days, prohibit balance billing and credit impairment, raise funeral benefits to $5,000 and weekly wage benefits to $500, require an annual fraud report, and give the Attorney General concurrent jurisdiction over insurance fraud cases. A physician testifying in opposition argued the bill would cut reimbursement for non-hospital providers, shift costs to hospitals and other payers, reduce access to care, and create an uneven playing field that favors hospitals. Committee members asked about the lack of a PIP fee schedule and the effect of the workers’ comp schedule relative to Medicare and commercial insurance. After debate, the committee adopted the substitute and then passed House Bill 627 with favorable expression on a roll call vote, with one member voting no. The committee also considered House Bill 355 on real estate appraisers. The sponsor said the bill would restore an independent board, allow evaluations under federal guidelines, and move Kentucky from a voluntary to a mandatory appraisal state. Testimony from insurance and appraisal representatives said the bill would require licensure for real property damage appraisers, exempt insurance agents and claims adjusters licensed under the insurance code, and create clearer standards and oversight. Members asked about the cost of an executive director and whether the board could sustain itself through fees; the sponsor said the board had historically been self-sustaining. The committee adopted the substitute and then gave House Bill 355 a favorable report by roll call vote. Finally, the committee began House Bill 568, which would prohibit new public adjuster licenses while allowing current licensees to renew. The sponsor said the bill responds to ongoing complaints and investigations in the industry and noted that most licensed public adjusters in Kentucky are not residents of the state. The transcript cuts off as the bill’s presentation was beginning.
NH

New Hampshire 2025 Regular Session

Senate Health and Human Services (01/29/2025)

Health and Human Services

Transcript Highlights:
  • Oh, yeah, costs—we wanted to talk about the cost-effectiveness.
  • Oh, yeah, costs—we wanted to talk about the cost-effectiveness.
  • Importantly, we used the marginal cost value from that report to inform the fiscal note for this bill
  • How would I replace that? How would I be able to cover the cost?
  • the cost um have you evaluated the cost the cost um have you evaluated the cost that<02:53:50.880
Keywords: 1191, senate, all
US
Transcript Highlights:
  • And all aspects of our military forces are now in dire need of repair or replacement.
  • President even, and see if I can add some value to it. Sure.
  • If I can get through confirmation, I do think I can add some real value.
  • Well, we certainly have a cost problem, and addressing cost problems are difficult.
  • We're way behind, we're way over cost, we're way late.
Summary: The meeting primarily focused on the nomination of Steven Feinberg as Deputy Secretary of Defense. The committee emphasized the urgent need for strong leadership in response to a complex array of global threats posed by adversarial coalitions, including China, Russia, and Iran. The discussions highlighted concerns regarding budget cuts and personnel reductions within the Department of Defense, showcasing the challenges posed by the current economic context and the pressing need to maintain military readiness and capabilities. Various members expressed their apprehensions about how impending layoffs and budget reductions would impact the defense workforce and national security.
FL

Florida 2025 Regular Session

March 20, 2025 - 11:30 AM

Transcript Highlights:
  • Taxed on the value of that property that year.
  • And if it is bringing that value, I don't see any reason why it would fail. Follow-up?
  • Will the cost of holding votes every eight years outweigh the benefits of voter input?
  • If that happens, how do our communities replace these funds?
  • So there is an open door if that bond ends and there is a new bond to replace it.
Summary: The Ways and Means Committee met on March 20, 2025, and first approved HB 4025, creating the Duke Farm Stewardship District in Lee County, on a 17-0 vote. The committee then advanced HJR 1215, which proposes a constitutional amendment to exempt agricultural tangible personal property from property tax, after extended debate about the fiscal impact on counties, especially rural and fiscally constrained ones; it passed 16-1. HB 411 also passed unanimously after an amendment, extending affordable housing tax exemption treatment to certain nonprofit projects on leased land, including Habitat for Humanity projects. The committee likewise approved CS/HB 669, allowing local governments to purchase certain unrated bonds, and CS/HB 4017, codifying the Vermont Drainage District charter in Charlotte County, both without opposition. The committee also approved HJR 1039, which would let the Legislature prevent assessed-value increases for homestead properties that are improved to mitigate flood damage, and the related implementing bill HB 1041; both passed 17-0. Public testimony on these items included some opposition to the flood-related amendment, but no floor debate changed the outcome. The final major item was CS/HB 1221 by Rep. Miller, which would require local option taxes to be renewed by voter referendum every eight years, with longer terms allowed for bonded projects. That bill drew the most extensive testimony and debate, with counties, tourism groups, and local officials warning about impacts on tourism funding, infrastructure, schools, and public safety, while supporters argued for taxpayer accountability and periodic review. After debate, the committee reported the bill favorably on a 13-4 vote.
MN

Minnesota 2025-2026 Regular Session

House Energy Finance and Policy Committee 2/19/26

Energy Finance and Policy

Transcript Highlights:
  • your costs were going down. your costs were going down.
  • Could you talk about that and how much it's costing or will cost? Mr. Woff?
  • going to happen to the cost of power? going to happen to the cost of power?
  • Capital costs, operational costs,<01:15:48.080> maintenance<01:15:48.560> costs<01:15:49.199
  • > are<01:15:49.440> all costs, maintenance costs are all costs, maintenance costs are all
Keywords: 1183, house
AL
Transcript Highlights:
  • This is a 2-year contract for the total cost of $8,135.
  • The federal government would not replace those funds.
  • You can imagine what we've been dealing with because it costs so much to replace a system like that.
  • We are requesting a no-cost amendment in our contract.
  • Contract value, $350,104.
Keywords: 924, joint, all
NH

New Hampshire 2025 Regular Session

Senate Health and Human Services (02/12/2025)

Health and Human Services

Transcript Highlights:
  • And we also really don't want to increase the cost associated with poor outcomes or the cost associated
  • We're in a smaller room today. a replacement Amendment right thank you a replacement Amendment right
  • Those costs need to be absorbed in some way, so when we’re talking about the actuarial value of the metal
  • ’re going to inadvertently have cost sharing for other services go up to maintain that actuarial value
  • <03:14:40.279> sharing cost inadvertently you know cost sharing cost inadvertently you know
Keywords: 1191, senate, all
NM

New Mexico 2026 Regular Session

Other - PSCOC Apr 22nd, 2026

Public School Capital Outlay Oversight Task Force

Transcript Highlights:
  • building systems replacement.
  • So the scope was and cost were expanded.
  • Concerned about the cost Elementary.
  • So I know you touched on this, but on the cost per square foot So these numbers on the cost per square
  • So where's this cost per square foot coming from?
CA
Transcript Highlights:
  • The small rural counties in particular, and the unexpected cost estimated for small rural counties to
  • Five years is proving to be a difficult timeline to get replacement property built.
  • Actually, they cost a million now.
  • Government to increase the threshold for tax exemptions on low-value properties.
  • Low-value properties often cost more to assess and collect tax on than the revenue they generate, increasing
Summary: The Assembly Revenue and Taxation Committee met after several delays while waiting for the Senate to finish its floor session, and the chair announced the committee would begin once a quorum was established. The committee then heard a series of tax-related bills, with most measures being held for suspense except SB 87, which was voted out. The chair also welcomed newly appointed committee member Assembly Member Juan Carrillo. SB 359 would clarify that county-run transit systems qualify for existing sales and use tax exemptions on transit fuels such as diesel and compressed natural gas. Senator Nilo and Placer County testified that the bill would correct an inequity affecting counties operating their own transit services, especially rural counties, and would not create a new state revenue loss because the tax had not been consistently collected. Support came from the California Transit Association and the California State Association of Counties; the bill was sent to suspense. SB 603 would allow county boards of supervisors in disaster-affected counties to extend by up to three years the five-year deadline for transferring a property tax base-year value to replacement property. The author and supporters, including the California Assessors Association and the California Association of Realtors, said the measure would give local governments flexibility to address post-disaster rebuilding delays. SB 293 would extend the deadline for filing intergenerational property transfer claims from six months to three years for disaster-impacted homeowners, with testimony focused on helping families in Altadena and preserving generational homes after the Eaton Fire; the committee discussed possible refinements and the bill was held in suspense. SB 353 would extend the farm-to-food-bank tax credit through 2032, with support emphasizing food security, waste reduction, and the program’s documented results; it too was sent to suspense. SB 723 would raise the threshold for property tax exemptions on low-value properties, with the author arguing it would reduce administrative costs and ease burdens on small businesses, and the committee asked for technical work before the bill was held in suspense. SB 785 would create a $5,000 tax credit for durable medical equipment used by children with complex medical conditions, with supporters saying it could prevent hospitalizations and help families keep medically fragile children at home; it was also sent to suspense. SB 87, which would extend the sales tax exemption for volunteer fire department fundraising activities for five more years, passed the committee on a 5-0 vote and was sent to the Assembly Appropriations Committee.
KY
Transcript Highlights:
  • some small buildings uh and replacing some small buildings uh and replacing those<00:27:04.720><
  • <00:27:58.279> to health and also allow us to replace to health and also allow us to replace
  • uh but to share the cost uh beyond the<01:02:46.400> normal<01:02:46.760> cost<01:02:46.960
  • <01:04:20.720> of incentivized to control the cost of incentivized to control the cost of
  • <01:30:07.560> associated again there might be costs associated again there might be costs
Summary: The House Standing Committee on Appropriations and Revenue met on February 25 and considered a series of bills and joint resolutions, mostly involving appropriations, capital projects, and local infrastructure funding. The committee first adopted PHS 2 and passed House Bill 152, which creates a Medicaid supplemental payment program for public ground ambulance providers; the sponsor said the substitute ensures no state general fund dollars will be used and that local agencies must identify a funding source for any required match. HB 152 was reported favorably on a 20-0 vote. The committee also passed House Bill 545, the annual claims bill, after members confirmed all executive-branch claims were included; it was reported favorably on a 21-0 vote. House Bill 606, requiring reporting for general obligation bonds, also passed unanimously and was reported favorably. The committee then took up several joint resolutions tied to capital and infrastructure spending. House Joint Resolution 30, concerning water projects, was described as implementing ranked projects under the Waters program administered by KIA and was reported favorably on a 21-0 vote. House Joint Resolution 32, concerning school facilities construction, was amended by PHS 1 and advanced after discussion referencing the Auditor’s report and questions about a Johnson County Schools expenditure; it also passed 21-0. House Joint Resolution 34, relating to contingent appropriations for KCTCS, was amended by PHS 1 and advanced after testimony outlining three projects in Somerset, Jefferson Community and Technical College, and Glasgow; it passed 21-0. House Joint Resolution 46, for local road projects, was described as funding the highest-scoring local road requests from a larger pool of applications and passed 21-0. The committee also advanced House Joint Resolution 53, authorizing release of funds for KSU’s Health Sciences Center project, after KSU officials said the building is needed for nursing and allied health programs and promised a business plan report by November 1, 2025; it passed 21-0. House Joint Resolution 54, authorizing funds related to the State Fair Board, also passed unanimously. Later, the committee considered House Bill 546, which revises the local roads and streets program by adding a DOT-developed scoring system, monthly reporting, a match requirement, and a $500,000 project cap; members asked about the cap and were told larger projects should be handled through other mechanisms. HB 546 was reported favorably on a 21-0 vote. Finally, House Bill 605, a technical corrections and update bill for the local economic relief grant program, was amended by PHS 1 and discussed as expanding eligibility, including to the Delta Regional Authority and certain local-affiliated applicants; the transcript cuts off before the final vote on HB 605.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Financial Services Jun 21st, 2026 at 12:30 pm

Joint Committee on Financial Services

Transcript Highlights:
  • agonists, the costs that are... ...of these antagonists and agonists to the costs that are normally
  • And my mother told me that cost $5,200.
  • Hearing aids can cost thousands of dollars, often requiring replacement every few years.
  • In the scheme of things, the cost of untreated hearing loss far outpaces the cost of hearing aids.
  • In the scheme of things, the cost of untreated hearing loss far outpaces the cost of hearing aids.
Keywords: 995, all
Summary: The Joint Committee on Financial Services held a public hearing on a wide range of bills, with testimony first focused on H. 1315/S. 824, which would require insurance coverage for pain management options during IUD insertion. Representative Sabadosa, Planned Parenthood clinicians, and policy advocates said sedation can reduce fear and trauma, improve access to effective contraception, and should be reimbursed so providers can continue offering it. A Tufts OB-GYN resident also testified that pain control should be standard care for intrauterine procedures. No votes were taken during the hearing. The committee then heard extensive testimony on firefighter health bills, especially H. 1230/S. 690 requiring insurance coverage for cancer screenings for firefighters. Professional Fire Fighters of Massachusetts leaders, a Dana-Farber oncologist, and firefighters themselves described occupational exposure to carcinogens and personal stories of late-stage cancer detection, arguing that early screening can save lives and reduce long-term costs. Representative Crichton and Representative Howitt also spoke in support, and Representative Ayers testified for H. 4012, which would require neurological disorder screenings for firefighters. Committee members expressed support and sympathy, but no action was taken. The hearing also covered H. 3946/S. 756 on hearing aid coverage, with testimony from students, adults with hearing loss, disability advocates, and HLAA representatives describing the educational, social, and financial barriers caused by lack of coverage and urging broader insurance mandates. Later, Representative Donahue and Representative Vargas testified for H. 1337 to expand insurance coverage for opioid antagonists and related medications, including naloxone dispensed at discharge. The committee additionally heard testimony on H. 1134 to improve chronic pain care coordination and non-opioid access, and H. 4162 to improve ostomy supply coverage and access to certified ostomy care, with patients and clinicians describing denials, quantity limits, and non-medical switching. The transcript ends while testimony on H. 1315/S. 824 is still ongoing; no votes or formal committee actions are recorded in the excerpt.