Video & Transcript : 'index mutual fund' :
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MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Revenue Jan 27th, 2026
Joint Committee on Revenue
Transcript Highlights:
- grammar schools without going to the MSBA doing that all within proposition two and a half a fully funded
- We essentially also, with the number of projects we've been building, found ourselves with larger funds
- The number of projects we've been building meant we found ourselves with larger funds on our balance
- Free cash that we have had beyond that, we put into the high school stabilization fund to reduce the
- our AAA bond rating, which gives us a better interest rate when we're borrowing funds.
Bills:
H3012 , H4008 , H4435 , H4444 , H4526 , H4547 , H4574 , H4575 , H4576 , H4577 , H4585 , H4605 , H4687 , H4703 , H4722 , H4754 , H4755
Committee:
Joint Joint Committee on Revenue
Keywords:
fines, property valuation, commercial property, real estate, tax penalties, property taxes, local option tax, marijuana sales, Salem, revenue generation, taxation, recreation, local government, commercial activities, Charlemont, property exemption, disabled persons, Swampscott, senior exemption, property tax
AZ
Arizona 2026 Regular Session
01/27/2026 - House Natural Resources, Energy & Water
Natural Resources, Energy & Water
Transcript Highlights:
- and then further fund the legal defense fund, how can we be most helpful to you?
- "Water speculators, a hedge fund.
- of the fund and rulemaking for the fund.
- ... ...endangers the financial health of the fund.
- is designed to be a revolving fund.
Committees:
House Natural Resources, Energy & Water , House House Natural Resources, Energy & Water Committee of Reference
Keywords:
solar radiation management, environment, prohibition, Arizona Revised Statutes, public health, complaint process, Attorney General, groundwater management, water conservation, irrigation, water supply, brackish groundwater, water supply development, desalination, water infrastructure, financial assistance, environmental reviews, brackish water, groundwater, water resources
WA
Washington 2025-2026 Regular Session
Senate Labor & Commerce Jan 26th, 2026 at 10:30 am
Labor & Commerce
Transcript Highlights:
- Local governments' fiscal notes show that some local governments are state fund and some are self-insured
- it may result in increased staff costs for managing the claims, increased premiums if they're state fund
- We have 25 to 28 percent reserves in the funds now.
- Finally, this measure would conceivably threaten critical state funding.
- That's concerning for a fund where benefit payouts are expected to exceed tax revenue this year.
Committee:
Senate Labor & Commerce
Keywords:
kratom, taxation, regulated substances, health safety, state revenue, cannabis, marijuana, home grow, home cultivation, personal cultivation, adult use cannabis, recreational marijuana, 21 and older, controlled substances, RCW 69.50, Liquor and Cannabis Board, LCB, plant limits, cannabis possession, cannabis concentrates
WA
Washington 2025-2026 Regular Session
Senate Business, Trade & Economic Development Jan 22nd, 2026 at 08:00 am
Business, Trade & Economic Development
Transcript Highlights:
- We will come back to the legislature in the future with permanent funding ideas and funding sources for
- And while we understand maybe wanting to avoid the general fund for these funds, we do think that these
- , lean into some federal COVID recovery funds.
- So we have some state-based funding. It is $1.5 million. Now, so we have some state-based funding.
- SWT funding has also enabled SWT funding has also enabled professional marketing and video production
Keywords:
tourism, self-supported assessment, funding, statewide promotion, economic development, storage rental, tenancy agreements, tenant rights, landlord obligations, termination notice, insurance, wildfire prevention, policy nonrenewal, cancellation, risk management, sports wagering, sports betting, sports gambling, bookmaking, gambling regulation
AL
Alabama 2025 Regular Session
Alabama House Economic Development and Tourism Committee Apr 29th, 2025
Tourism
Transcript Highlights:
- The other thing is establish a fund for procurement of long establish a fund for procurement of long
- It directs surplus funds from the Alabama 21st Century Fund toward energy infrastructure and economic
- The reallocation of these revenues that the Alabama 21st Century Fund is funded by an annual $16 million
- ' fund shall be transferred to authorities' fund shall be transferred to and used by the State Industrial
- The bill transfers accumulated surplus funds from the 21st Century Fund in the following amount: $50
Committees:
House Tourism , House Economic Development and Tourism
Keywords:
electric transmission, public highways, permit processing, economic growth, infrastructure, rural development, condemnation actions, state regulations, community development district, CDD, annexation, municipal annexation, wet municipality, dry county, wet county, Sunday alcohol sales, ABC Board, alcohol licensing, on-premises consumption, golf course
TX
Texas 89th Regular
Trade, Workforce & Economic Development Apr 23rd, 2025
Trade, Workforce & Economic Development
Transcript Highlights:
- This will be paid for with existing funds within TWC.
- It allows you to leverage our knowledge of operational challenges, such as staffing shortages and funding
- Well, to you, yes, I do, and the feeling's mutual.
Bills:
HB2226 , HB2269 , HB2343 , HB2760 , HB3621 , HB4079 , HB4204 , HB4518 , HB4531 , HB4555 , HB4850 , HB4876 , HB4903 , HB4996 , HB5122
Keywords:
construction trust funds, Property Code, Chapter 162, construction payments, mechanics lien, contractors, subcontractors, laborers, material suppliers, materialmen, real property improvement, assignment of payment rights, unpaid trust funds, trust fund beneficiaries, construction industry, payment protection, Texas construction law, property owners association, landscaping, grass maintenance
TX
Texas 89th Regular
Trade, Workforce & Economic Development Apr 23rd, 2025
Trade, Workforce & Economic Development
Transcript Highlights:
- The Texas Construction Trust Fund Act was enacted over 30 years ago to protect payments designated as
- trust funds for subcontractors and suppliers in construction projects.
- by restoring the ability to reassign trust fund claims.
- beneficiary to assign... their interest in unpaid funds.
- Historically, the assignment of trust fund claims offered a clear remedy.
Bills:
HB2226 , HB2269 , HB2343 , HB2760 , HB3621 , HB4079 , HB4204 , HB4518 , HB4531 , HB4555 , HB4850 , HB4876 , HB4903 , HB4996 , HB5122
Keywords:
construction trust funds, Property Code, Chapter 162, construction payments, mechanics lien, contractors, subcontractors, laborers, material suppliers, materialmen, real property improvement, assignment of payment rights, unpaid trust funds, trust fund beneficiaries, construction industry, payment protection, Texas construction law, property owners association, landscaping, grass maintenance
TX
Transcript Highlights:
- Our general fund balance, I mean, our general fund revenues are at $19 million.
- To the state highway fund.
- to the General Revenue Fund.
- My take on this is that I don't like people just taking away funds from my highway fund.
- fund is a trust fund.
Bills:
HB1589 , HB2208 , HB2297 , HB2560 , HB2725 , HB3080 , HB4417 , HB4473 , HB4520 , HB4662 , HB4888 , HB4905 , HB4906
Committee:
House S/C on Transportation Funding
Keywords:
HB 1589, toll road, toll project, toll project entity, voter approval, local control, county election, commissioners court, Transportation Code, Chapter 372, road construction, highway funding, infrastructure, public referendum, ballot measure, transportation policy, Texas toll roads, regional mobility, toll collection, vehicle registration
MN
Transcript Highlights:
- We know we have a good base of funding to move this project forward.
- We know we have a good base of funding to move this project forward.
- ,</c><00:32:44.320><c> receiving</c> state for per student funding, receiving state for per student funding
- We fund approximately 320 full scholarships annually.
- </c><01:37:29.520><c> through</c> The impact of additional funding through The impact of additional funding
Committee:
Senate Taxes
Keywords:
local government aid, Baldwin, taxation, base year formula, municipal funding, population aid, aid penalty forgiveness, Minnesota, city funding, appropriations, HF156, lawful gambling, veterans organizations, licensed veterans organization, Minnesota gambling law, gross profits, lawful purpose, real property repair, facility maintenance, capital assets
TX
Transcript Highlights:
- the requirements of section 351.257 may be used to determine. and eligibility for receiving grant funds
- Consent is not a one-time event, but an ongoing process involving continuous communication. and mutual
Bills:
HB47 , HB1552 , HB1686 , HB1953 , HB2151 , HB2355 , HB2582 , HB2697 , HB2895 , HB3073 , HB3418 , HB47
Committee:
House Criminal Jurisprudence
Keywords:
sexual assault, victim rights, forensic examination, medical care, trauma-informed care, crime victims compensation, evidence retention, child sexual abuse material, child pornography, digital services, reporting requirements, children's protection, sex offender registration, indecent assault, educator-student relationship, criminal justice, legislation, crime victims, compensation fund, information disclosure
MN
Minnesota 2025-2026 Regular Session
House Elections Finance and Government Operations Committee 3/3/25
Elections Finance and Government Operations
Transcript Highlights:
- appropriation to the bill to make sure that the enforcing agency of this bill would get adequate funding
- <00:40:15.760><c> done</c><00:40:16.000><c> is</c><00:40:16.200><c> actually</c><00:40:16.480><c> funded
- </c><00:40:16.960><c> so</c><00:40:17.280><c> that's</c> that's done is actually funded so that's that's
- done is actually funded so that's what<00:40:17.640><c> this</c><00:40:17.800><c> amendment</c><00:40
- for roads and and Etc um the for funds for roads and and Etc um the idea<01:32:24.840><c> was</c><01
Keywords:
natural gas, gas hookups, residential construction, energy policy, local control, state preemption, municipal regulation, county ordinance, electrification, climate policy, housing development, building codes, energy source, utility infrastructure, Minnesota Statutes chapter 326B, propane, utility service, building permits, local government, energy choice
MN
Transcript Highlights:
- So in the absence of more sustainable funding, this is one-time funding.
- fund.
- fund.
- fund.
- fund.
Committee:
House Ways and Means
NM
New Mexico 2025 Regular Session
IC - Transportation Infrastructure Revenue Subcommitee Jun 5th, 2025
Transcript Highlights:
- And then we switched it over from the general fund to the road fund, but that's pretty much the only
- So, uh, we've already discussed the state road fund state-run forecast, state road fund forecast, sorry
- In looking at your state road fund long range forecast, and the second page, the real estate road fund
- , not the general fund.
- We can take more of the funds that are reverting to the general and keep it in the transportation fund
CA
California 2025-2026 Regular Session
Assembly Floor Session Aug 24th, 2026
California House Floor Meeting
Transcript Highlights:
- The Senate Bill 1417 by Senator Pérez and others in the mutual water companies.
- SB 1417 by Senator Pérez and others in the mutual water companies.
- Members, I rise to present SB 1417, the Mutual Water Company Rate and Disclosure Notice Act, on behalf
- I am proud to present AB 1153, the Funding Clean Streets Act.
- Senate amendments streamline the awards of Prop. 4 funds for research farms at the CSUs and UCs.
Summary:
The Assembly convened, established a quorum, offered a prayer and pledge, and then moved through a long daily file and concurrence agenda. Early procedural actions included withdrawing AB 1555 and AB 2221 from engrossing and enrolling, suspending rules to move SB 813 to second reading, re-referring several bills to committees, and approving committee meeting notices. The chamber also adopted a rules waiver for chaptering-out amendments and handled several other procedural motions before turning to floor votes.
On the Senate third reading file, members approved a wide range of bills covering housing, health care, education, transportation, energy, public safety, taxation, and local government. Measures discussed included EV charger liability in HOAs (SB 1267), local public benefits authority (SB 1099), special needs trusts under Proposition 19 (SB 974), infant formula tax treatment (SB 1151), mutual water company rate transparency (SB 1417), Alzheimer’s treatment coverage (SB 950), protections for mental health professionals in correctional settings (SB 993), development fee transparency (SB 1014), climate literacy in schools (SB 1048), illegal dumping enforcement (SB 1218), homeowner repair timelines for unpermitted work (SB 1272), EV charging station permitting (SB 1283), nonprobate asset distribution (SB 1288), DCA sunset cleanup (SB 1311), wildfire and disaster-related measures (SB 742, SB 904), nitrous oxide sales restrictions (SB 936), PrEP access (SB 1023), early math assessments (SB 1067), firearm restrictions for certain serial-number offenses (SB 1220), and several licensing, education, and health-related bills. Most measures passed with strong margins; a few drew notable opposition, including SB 993, which failed, while SB 222, SB 1037, SB 1220, SB 1255, and SB 1279 passed with narrower votes.
The Assembly then took up concurrence on numerous Assembly bills with Senate amendments. Among the bills concurred in were AB 2075, AB 431, AB 1153, AB 1328, AB 1486, AB 1573, AB 1591, AB 1617, AB 1738, AB 1749, AB 1789, AB 1802, AB 1818, AB 1820, AB 1829, AB 1877, AB 2010, AB 2011, AB 2160, AB 2178, AB 2262, AB 2310, AB 2349, AB 2422, AB 2481, AB 2504, AB 2580, AB 2640, AB 1705, and AB 1793. These concurrence items covered forestry, aviation, illegal dumping, Medi-Cal, climate resiliency, housing, health professions, hazardous waste reporting, domestic violence protections, mental health parity, lactation support, community college programs, air quality response, student aid, beverage containers, teacher credentialing, state mandates, privacy, cash payments, and more. The transcript ended while the Assembly was beginning consideration of SB 1412 on remote parent-teacher conference participation.
CA
California 2025-2026 Regular Session
Senate Energy, Utilities and Communications Committee Jun 3rd, 2026
Energy, Utilities and Communications
Transcript Highlights:
- in 2020, meaning the rates adjust annually in line with the California Consumer Price Index.
- As noted, currently the gasoline excise tax in California is tied to the Consumer Price Index and is
- here on the line; the real value of the excise tax had been eroded by inflation and transportation funding
- And eroded transportation funding. Next slide.
- Martin at UCS to establish a CARB waiver to create an equity-centered fund for clean air transportation
Committee:
Senate Energy, Utilities and Communications
MN
Minnesota 2025-2026 Regular Session
Minnesota House Taxes Committee debates proposed one-time, $4 billion property tax refund 4/14/26
Transcript Highlights:
- Uh, in 2023, the state increased K-12 general education funding substantially for 2026-27.
- </c><00:04:54.240><c> substantially</c> general education funding substantially general education funding
- When we can use money like this to fund it, we're in like a $150 million a year deficit with that, and
- Um when we can use money like this<00:12:12.080><c> to</c><00:12:12.240><c> fund</c><00:12:12.839><c>
- </c><00:14:16.040><c> LGA</c> down, as well as let's say indexing LGA down, as well as let's say indexing
Summary:
The committee took up House File 4906, adopted the H4906A1 amendment, and heard a staff explanation that the bill would create a one-time property tax refund in calendar year 2026 for residential homesteads and the house/garage/1-acre portion of agricultural homesteads. As amended, the bill would appropriate $4 billion in fiscal year 2027, distribute payments based on 2026 property tax due, include a clawback for delinquent taxpayers, and coordinate with existing property tax refund programs so recipients would not receive more than they paid in taxes. House Research also discussed a disagreement with the Department of Revenue over whether the refund would be taxable federally, with House Research suggesting it would likely be treated as a non-taxable recovery of prior taxes.
Public testimony was largely opposed. Eric Bernstein of We Make Minnesota argued the proposal was too large, would create a deficit and force future service cuts, and would disproportionately benefit higher-income homeowners. Nan Madden of the Minnesota Budget Project said the bill would create a major budget hole, threaten funding for health care, food support, schools, and other services, and exclude renters and lower-income Minnesotans. Members echoed those concerns, citing impacts on public safety, rural EMS, hospitals, education funding, and equity, while noting that renters and many seniors would receive nothing. Representative Howard questioned whether the bill was a cautious use of state resources, and Representative Norris said it missed the mark for struggling renters.
Chair Davids defended the concept as a way to put money back in people’s pockets and said the proposal was scalable and intended to start a discussion. Representative Wiener strongly supported the bill, saying many homeowners and farmers in his district are not wealthy and need relief from property taxes; he said the bill should be even bigger. No vote on final passage was taken in the portion of the meeting provided, and the committee moved on after testimony and member discussion.
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:
- a new funding cycle currently.
- The weighted conditions index and the facilities condition index, the average for the state, which you
- To address all these needs, we need to look at other funding to supplement this funding.
- For federal funds, for example, we have Title I funds and others that are on page three.
- The next slide is entitled "Funding" (SEG, funding inequity for charter schools).
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 7 on Accountability and Oversight Aug 20th, 2025
Transcript Highlights:
- A notable funding mechanism, namely the managed care organization tax, would not be the source of funding
- All discretionary funding and most mandatory funding is exempt from sequestration, which includes Social
- and state funding.
- and state funding. because of this. through a blend of federal funding and state funding.
- The state's main educational funding system known as the local control funding formula recognizes in
Summary:
The Assembly Budget Subcommittee on Accountability and Oversight held its fifth hearing of the year to examine the newly enacted federal H.R. 1 and its effects on California. Members and the chair described the law as a major threat to state health, food, education, and climate programs, and emphasized that California would not be able to fully backfill the federal cuts. Several members also highlighted the bill’s tax provisions, including temporary deductions for tips, overtime, seniors, and auto loan interest, while warning that the largest benefits flow to higher-income taxpayers and that major cuts to Medi-Cal, CalFresh, and clean-energy incentives are delayed or phased in over time.
The Legislative Analyst’s Office and the Department of Finance presented detailed overviews of the bill’s likely impacts and implementation timelines. They identified the main affected areas as health care coverage and financing, food assistance, higher education, personal income taxes, and clean-energy/electric-vehicle credits. They explained that H.R. 1 limits provider taxes used to finance Medi-Cal, adds work and redetermination requirements, restricts CalFresh eligibility and increases state costs, changes student loan and Pell Grant rules, extends and modifies federal tax provisions, and phases out many clean-energy credits. Finance also noted major rescissions of Inflation Reduction Act funds, new border and immigration enforcement spending, and the possibility of PAYGO sequestration if Congress does not act to offset the deficit increase.
During member questions, the committee focused on likely enrollment losses, administrative burdens, and fiscal exposure for the state and counties. Witnesses said many details still depend on federal guidance, but they estimated significant impacts on Medi-Cal, CalFresh, and graduate/professional student borrowing, and noted that California’s high CalFresh error rate could increase state costs. UC testified that the elimination of Graduate PLUS loans would affect thousands of professional students, especially in health, law, and other high-cost programs. Members asked for follow-up data on county, health, and tax impacts, and staff agreed to provide additional tables and estimates as implementation guidance becomes clearer.
Public commenters from counties, early childhood advocates, health coalitions, disability rights groups, immigrant-rights organizations, and other stakeholders urged the Legislature to mitigate the law’s effects. They warned of higher county costs, reduced access to health care and food assistance, increased administrative burdens, and harm to children, immigrants, people with disabilities, and low-income families. Several urged new state revenue solutions and stronger protections for Medi-Cal, CalFresh, child care, and home- and community-based services. No votes were taken; the hearing was informational and ended with a commitment to continue monitoring federal guidance and to work on state responses in the budget process.
WV
West Virginia 2026 Regular Session
WV Senate Government Organization Committee in Session Mar 10th, 2026 at 09:03 am
Transcript Highlights:
- It adds two permissible uses to the list of purposes for which hotel occupancy funds may be expended.
- It allows counties and municipalities to use The portion of the funds that counties and municipalities
- There is no impact on state funds because these are tax dollars that go directly to the counties or municipalities
- authorize the Director of the Division of Natural Resources to propose legislative rules changing the indexing
- prohibition precluding fee increases for license and stamp fees based on increases in the consumer price index
Summary:
The Committee on Government Organization met with a quorum present, approved the minutes, and then considered a series of House bills, most of them related to licensing, local government administration, and agency operations. House Bill 5063 would let county commissions appoint a county commissioner as a voting member of a convention and visitors bureau board, including for multi-county CVBs; it was reported to the full Senate. House Bill 5087 would join the interstate cosmetology licensure compact, allowing licensed cosmetologists to obtain multi-state practice privileges in compact states, and it was also reported. The committee then took up a strike-and-insert amendment for House Bill 4793, which combined provisions affecting barbering/cosmetology apprenticeships and lowered certain age and education requirements; after adopting a Jefferson amendment clarifying the salon training language, the bill was reported as amended.
Members next approved a strike-and-insert for House Bill 5638, which clarifies the State Chief Information Security Officer’s duties, changes cyber risk review procedures, and updates references to the Office of Technology head as the chief information officer; it was reported as amended. House Bill 4483, dealing with the Board of Funeral Examiners, was amended to change the effective date for licensee-in-charge requirements and make technical corrections, then reported as amended. House Bill 5653, requested by the Department of Revenue, would expand confidentiality protections to cover audit manuals, guidelines, procedures, algorithms, and related materials to prevent taxpayers from gaming audit selection, and it was reported. House Bill 4452 repeals acreage limits on church property ownership, and House Bill 4801 expands permissible uses of hotel occupancy tax funds to include demolition of unsafe structures and planning or improvement of public property; both were reported.
The committee also advanced House Bill 5622, which creates an expedited process for municipalities to conform local election terms and procedures to the state requirement that municipal elections be held with statewide primaries or general elections, and recognizes the Secretary of State as keeper of municipal charter rolls. House Bill 4546 would allow business entities to file reports biennially instead of annually, with higher biennial fees and updated enforcement provisions; its strike-and-insert amendment was adopted and the bill was reported as amended. House Bill 5613 would define and regulate telematics for state fleet vehicles, require reporting on unsafe driving and corrective actions, and include cost-benefit information in annual reports; it was reported. House Bill 5323 would let the Division of Natural Resources adjust license and stamp fees for inflation by removing a prior CPI-based restriction, and House Bill 4819 would revise criminal-record standards for certain non-Chapter 30 occupational licenses, shifting to a direct-relationship standard while preserving existing exclusions for violent sexual offenses; both were reported. The committee then adjourned after closing remarks from the chair and vice chair.
KY
Kentucky 2025 Regular Session
Disaster Prevention and Resiliency Task Force (9-10-25)
Transcript Highlights:
- But with the funding that we have already from the legislature, we do have funding for roughly five new
- </c> the legislature, we do have uh funding the legislature, we do have uh funding for<00:20:46.400><
- However, our ask from the funding sector, the nonprofits, for year one would be to fund positions—not
- But communities still have to provide match funding, cooperative funding.
- </c> funding to get it done. funding to get it done.
Summary:
The task force met with a quorum, approved the August meeting minutes, and heard a presentation from Dr. Jerry Brosky of the Kentucky Mesonet and Kentucky Climate Center. He described the Mesonet’s statewide weather network, now with 84 stations in 78 counties, real-time data used by the National Weather Service, mobile apps, and more than a billion observations. He said recent legislative funding has allowed upgrades such as soil temperature and moisture sensors, cameras at every site, and improved communications and power systems, and has enabled expansion into new counties. He also highlighted products used for flooding, drought, and heat safety, including a wet bulb globe temperature tool being developed with the Department of Public Health. In response to questions, he said counties interested in a station should contact his center, that a station typically costs about $50,000, and that the program is already considering a second Pike County site.
The committee then heard from Ryan Drain of Blue Skies and Chris McGee of the American Red Cross on long-term disaster recovery and a software platform called Darcy, short for Disaster Aware and Ready Communities Initiative. McGee explained the Red Cross’s long-term recovery work, including support for recovery groups, direct financial assistance, grantmaking, and coordination with local and federal partners. He emphasized that disasters are occurring more frequently and with repeated impacts, and shared examples from Kentucky and other states showing the need for organized recovery and storm shelter support. Drain said Darcy was developed after the 2021 Mayfield-Graves tornado recovery to replace fragmented spreadsheets and PDFs with a centralized, survivor-led system for preparedness, response, and recovery, designed to improve coordination, reduce duplication, and shorten recovery time. No votes or formal actions were taken beyond adoption of the minutes.