Video & Transcript : 'trust funds' :
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KY
Kentucky 2025 Regular Session
Public Pension Oversight Board (1-27-25)
Transcript Highlights:
- in each respective the level of funding in each respective Health<00:04:48.600><c> Trust</c><00:04:49.080
- funded status of each health fund over a five-year period.
- it is between 90% and 120% funded, and 2.5% if the funding falls below 90%.
- ratio of the the successful funding ratio of the health<00:14:50.480><c> funds</c><00:14:51.480><c>
- </c> are these revocable or irrevocable trust are these revocable or irrevocable trust or<00:27:26.640
Keywords:
Meeting Start: 00:02
Attendance Roll Call: 00:49
Approval of Minutes: 01:55
CERS Retiree Health Subsidy Proposal: 02:14
SB 58: 24:05
TRS Sick/Annual Leave Proposal: 32:53
Adjournment: 48:00, 958, all
Summary:
The committee first approved the prior month’s minutes after a roll call established a quorum. It then heard testimony on a draft proposal from Senator Robbie Mills to increase CERS retiree health subsidies for members retiring on or after July 1, 2003. The bill would raise the non-hazardous subsidy from $14.63 to $40 per month per year of service and the hazardous-duty subsidy from $21.94 to $50, with employee contribution rates adjusted based on the health trust’s funded status. Supporters from sheriffs, firefighters, police chiefs, and the Kentucky League of Cities said the change would improve recruitment and retention, better align the subsidy with the cost of a single health plan, and preserve the system’s financial footing through shared employer-employee costs and funding triggers.
Committee members asked about the fiscal impact, the effect of funding levels above 150%, and how the subsidy would work for rehired retirees or employees who later take private-sector jobs. Mills and other witnesses said preliminary actuarial work was still forthcoming, that the bill was intended to be revenue-neutral or close to it, and that the subsidy would continue to be paid monthly; they also noted existing 2008 rules for rehired retirees and said the benefit would still be available even if a retiree later had other insurance. One member suggested looking at stable accounts as an additional option for special-needs planning in a later bill.
The committee then heard Senate Bill 58 from Senator Robin Webb, which would allow state employees to designate a Special Needs Trust as a beneficiary for retirement benefits. Webb said the measure would help employees provide for disabled dependents without jeopardizing SSI or Medicaid eligibility, and that the bill follows federal special-needs trust rules. He said the proposal could be revenue neutral, but actuarial analysis was still pending and KPPA had asked for electronic rather than paper transfer provisions. Members questioned whether the authority already exists, how the trust would work, and whether stable accounts should also be considered; Webb said he would follow up with additional information.
CA
California 2025-2026 Regular Session
Assembly Select Committee on Racism, Hate, and Xenophobia Mar 20th, 2026
Transcript Highlights:
- as trusted messengers.
- Trust is built on the local level.
- Trust is built on the local level.
- Second, we urge you to pass the $35 million funding proposal for the LGBTQ Community Center Fund.
- At the center, these funds directly support survivors of hate violence and help rebuild trust in systems
Summary:
The Select Committee on Racism, Hate, and Xenophobia met to hear from Los Angeles County officials and community advocates about rising hate, discrimination, and xenophobia, with opening remarks emphasizing the need for stronger anti-hate infrastructure, community-based reporting, and state support. Assemblymember Lowenthal noted the broader economic and social impacts of discrimination, and the committee framed the hearing around understanding local conditions and identifying legislative responses.
Los Angeles County Human Relations Commission Executive Director Robin Toma presented county hate-crime data showing record-high levels in 2024, with racial/ethnic hate crimes remaining the largest category and anti-Black hate crimes the most common. He also highlighted high levels of anti-Latino, anti-Jewish, anti-Muslim, anti-LGBTQ, and anti-transgender hate, the role of underreporting, and the county’s L.A. vs. Hate system for reporting and victim support. The Los Angeles County Sheriff’s Department said it uses hate-crime and hate-incident data to guide proactive patrols, community outreach, and training, and discussed the need to build trust amid immigration enforcement fears that discourage reporting.
Community organizations described how current political rhetoric and federal immigration enforcement are intensifying fear and underreporting. LULAC called for multilingual, culturally competent reporting systems, prevention education, and stronger support for grassroots organizations. The Jewish Federation of Los Angeles described severe anti-Semitism, increased security costs, and the need for safe worship protections, security grants, and Holocaust education. The NAACP emphasized the continuing impact of anti-Black racism and the need for cross-community solidarity, while the Los Angeles LGBT Center highlighted rising anti-trans violence and urged funding for gender-affirming care, LGBTQ centers, and reauthorization of California vs. Hate. CHIRLA and CAIR California both described heightened fear among immigrants and Muslims, workplace discrimination, and the need for stronger civil-rights protections, data collection, and community-based reporting.
No formal votes were taken. The discussion focused on policy ideas and funding priorities, including improved law-enforcement training, alternative sentencing or diversion for hate offenders, protections for houses of worship, and continued or expanded funding for California vs. Hate, Stop Hate, and related programs. Committee members and witnesses repeatedly stressed that hate is underreported, that words and leadership rhetoric matter, and that California should continue investing in prevention, response, and healing.
FL
Florida 2026 5th Special Session
Military and Veterans Affairs, Space, and Domestic Security Jan 26th, 2026
Transcript Highlights:
- fund and a risk mitigation trust fund, the applications for such trust funds, and the documentation
- trust fund to hold a vacant dwelling for a veteran up to 45 days, and the risk mitigation trust fund
- trust fund by Senator Wright.
- On trust funds, vacancy relief trust fund, and risk mitigation trust fund by Senator Wright.
- Senate Bill 1604 creates the vacancy relief trust fund and risk mitigation trust fund within the Florida
Summary:
The Senate Committee on Military, Veterans Affairs, Space, and Domestic Security met with a quorum present and took up several measures. The committee first heard SM 1714, urging Congress to pass the federal No Tax Dollars for Terrorist Act to prevent U.S. funds from benefiting the Taliban; after brief explanation and no testimony or debate, it was reported favorably. The committee then considered SB 1512 on Space Florida, which expands certain sales and use tax exemptions for qualifying tangible personal property and allows Space Florida to bypass competitive bidding for certain purchases when state funds are not used; support was noted from Space Florida and the Florida Chamber of Commerce, and the bill was reported favorably. The committee also passed SB 1656, designating the SS American Victory as Florida’s flagship, with discussion focused on the ship’s World War II and later service, museum role, and lack of known fiscal impact; it too was reported favorably.
The committee next approved SM 1186, which urges Congress and the National Guard Bureau to increase the Florida National Guard’s force structure, with the sponsor citing Florida’s population, emergency history, and outdated allocation levels; one senator voiced support and the memorial was reported favorably. The committee then considered SB 1602, creating the Homes for Veterans Property Management Incentive Pilot Program in selected counties to help landlords house veterans through vacancy relief and risk mitigation trust funds; two amendments were adopted, including technical and clarifying changes, and the bill was reported favorably as amended. Finally, SB 1604 created the related vacancy relief and risk mitigation trust funds within the Florida Housing Finance Corporation to support the pilot program; one technical amendment was adopted and the bill was reported favorably as amended. The meeting concluded with no further business and adjournment.
FL
Transcript Highlights:
- So the plan... ...remove the trust fund to help local governments.
- Why are we not replenishing Florida's affordable housing trust funds?
- fund, we might a trust fund that doesn't exist, a trust fund with no dedicated revenue source, a trust
- fund that future legislatures are not Source, a trust fund that future legislatures are not even required
- Once we cut taxes, we did away with the trust fund, and I think that's good because it was a trust fund
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 088 Apr 11th, 2026
Colorado House Floor Meeting
Transcript Highlights:
- </c> trust funds. Trust accounts that is law. trust funds. Trust accounts that is law.
- ><c> fund</c> The unclaimed property trust fund The unclaimed property trust fund is<02:36:50.080><c>
- You cannot treat a trust fund like a slush fund. You should not treat a trust fund as a slush fund.
- You cannot treat a trust fund like a slush fund. You should not treat a trust fund as a slush fund.
- You cannot treat a trust fund like a slush fund. You should not treat a trust fund as a slush fund.
FL
Florida 2025 Regular Session
March 11, 2025 - 08:30 AM
Transcript Highlights:
- What everybody wants from us out of that major billion-dollar recurring or non-recurring trust fund and
- These are dispersed as the funds are received into the local government housing trust fund, and $99.3
- for the general revenue and 71.5% is trust fund.
- trust fund. 28.3 is the percentage for the general revenue and 71.5 is trust fund.
- Combined total of $2.7 million and all are trust fund appropriation.
Summary:
The committee met to review agency program funding as it prepared to build the budget, hearing brief presentations from six agencies and then taking member questions. Florida Division of Emergency Management highlighted its role in response, preparedness, recovery, and mitigation, describing a largely federal pass-through budget, major technology investments, and large disaster and preparedness grant activity. The Department of Commerce, Department of State, Florida Housing Finance Corporation, Department of Transportation, Department of Military Affairs, Florida State Guard, and Department of Highway Safety and Motor Vehicles also summarized their budgets, staffing, and major programs, including workforce and economic development, elections and arts funding, housing assistance, transportation work programs, military readiness, state guard expansion, and highway safety and motorist services.
Members focused questions on several issues: arts and library grant funding and whether award criteria had changed; Commerce’s rural infrastructure and job growth grants and why funds were not being disbursed faster; Florida Housing’s use of SAIL, Live Local, Hometown Heroes, and SHIP funds and how smaller agencies learn about and access funding; and DOT’s work program gap between agency and governor proposals. The most extensive questioning was directed to Highway Safety and Motor Vehicles about long DMV lines, vacancies, overtime, staffing shortages, and the ability to shift funds between divisions. The department said staffing and pay constraints, especially in South Florida, were driving service delays and vacancy rates, and that overtime was being used because troopers were leaving for better-paying jobs.
The Florida State Guard was also questioned about its spending and procurement pace, including aircraft purchases and facilities. Its director said long procurement timelines explained the low initial spending and that obligations had risen sharply as contracts matured. Members also asked about the department’s public opposition to Amendment 3 and whether agency resources were used in that effort; the director said no contracts or purchases were made to influence the vote and said the colonel’s comments were made off the clock. The meeting ended with the chair asking agencies to respond promptly to unanswered questions, and the committee adjourned without any recorded votes or formal actions beyond receiving the presentations and questions.
UT
Utah 2025 Regular Session
Natural Resources, Agriculture, and Environment Interim Committee - November 19, 2025
Natural Resources, Agriculture, and Environment Interim Committee
Transcript Highlights:
- It's kind of a lockbox where funds can be deposited and stored, even...
- We're not going to ask for any funding for this.
- , are we not, rather than trust lands?
- We just heard that there's 12 beneficiaries that have trust lands.
- Last year we completed the integration of existing funds.
FL
Transcript Highlights:
- Prior to the creation of this trust fund, the Governor was authorized to spend funds appropriated for
- Prior to the creation of this trust fund, the Governor was authorized to spend funds appropriated for
- Now emergency spending can only come from funds that we specifically appropriate into the trust fund.
- Monday night at midnight, this trust fund expires.
- appropriates into the trust fund.
AZ
Arizona 2026 Regular Session
01/21/2026 - House Appropriations
House Appropriations Committee of Reference
Transcript Highlights:
- They have only put funding in in '27. Thank you. Thank you. I only put funding it in '27.
- This is a structurally unsound health insurance trust fund.
- fund.
- Maybe we funded it one time with general fund. We backed it out.
- The land trust will grow; they'll have more capacity to fund it out of land trust monies.
Summary:
The Committee of Appropriations met on January 21, 2026, and first considered House Bill 2116, which would appropriate $1 million in fiscal year 2027 to the Colorado River Litigation Fund. The sponsor and Arizona Department of Water Resources both supported the bill, describing it as a backup measure to protect Arizona’s Colorado River entitlements if post-2026 negotiations among the basin states fail. Members discussed how the bill relates to the governor’s separate Colorado River Protection Fund proposal, and staff clarified the two funds serve different purposes. The committee approved HB 2116 on a 17-1 roll call vote.
The committee then took up House Bill 2053, which would provide $100,000 for updated stormwater recharge mapping and expand the work beyond state trust lands to private lands. An amendment in the chair’s name was adopted to extend the coordination timeline, broaden the agencies involved, and revise language about mapped sites and appropriable surface water. The sponsor said the bill is intended to identify more places to capture stormwater for recharge rather than letting most rainfall evaporate. ADWR testified neutrally, supporting the mapping effort but raising a concern about language that could be read as requiring the department to determine whether water is appropriable, which it said is a legal question for the courts. The amended bill passed 11-7.
House Bill 2148, as amended, was then heard and approved 11-7. The bill would give the legislature authority to appropriate non-custodial federal monies and set requirements for those appropriations. The chair’s amendment excluded federal research grants to universities, university employees, and the Arizona Board of Regents. The sponsor framed the bill as a transparency measure, saying the legislature should know how federal funds are being spent. No outside testimony was offered, and the committee approved the measure after debate about legislative oversight of federal funds.
After the bills, the committee received a lengthy JLBC presentation comparing the executive budget with the JLBC baseline. Discussion focused on revenue forecasts, tax conformity, sports betting, lottery and tourism revenue assumptions, SNAP administrative costs and error-rate penalties, developmental disability and Access caseload growth, and K-12 enrollment and ESA spending. Members repeatedly questioned the executive budget’s use of one-time funding for ongoing costs, especially for SNAP administration and DES staffing, and expressed concern about rising supplemental needs and the lack of long-term budget capacity. No votes were taken on the presentation.
FL
Florida 2026 Regular Session
FL House Floor Session - 2025-06-16 (7:00PM Session)
Florida House Floor Meeting
Transcript Highlights:
- Other housing trust fund distributions are unaffected.
- Other housing trust fund distributions are unaffected.
- from our Sadowski Housing Trust Fund.
- The trust fund is meant just for that, for monies to be spent on whatever trust fund they go into only
- from trust funds to the general revenue fund.
Summary:
The House convened on the final day of session, observed a moment of silence for the Minnesota House Speaker Melissa Hortman and her husband, and for Representative Rosenwald’s father, then swore in and seated new members Boyles and Hodgers. The Speaker also outlined the chamber’s end-of-session priorities, including action on the budget and related conforming bills. The House then took up H.J.R. 5019, a constitutional amendment to expand Florida’s budget stabilization fund by raising the cap, requiring annual transfers, and allowing withdrawals for critical state needs. After sponsor explanations and questions about what would qualify as a critical need and how the fund might respond to possible federal funding cuts, the House adopted an amendment that added more flexibility for suspending transfers and withdrawals. The joint resolution then passed on final passage.
Members next considered HB 7031, the tax package conference report. The bill repeals the business rent tax and aviation fuel tax, delays the natural gas fuel tax, creates or extends several sales tax exemptions and holidays, and makes changes affecting property taxes, local taxes, pari-mutuel taxes, and revenue distributions. Debate focused heavily on the new permanent exemption for ammunition and hunting-related items, the elimination of recurring housing trust fund and transit-related distributions, and the shift of some funding from recurring to nonrecurring status. Supporters argued the package provides tax relief and preserves annual budget flexibility, while opponents criticized the ammunition exemption and the reductions in recurring housing and transit support. The conference report was adopted and the bill passed.
The House then passed HB 5017, which creates a debt reduction program funded by a recurring transfer from general revenue to retire state bonds early, and HB 5015, the state group insurance conforming bill, which directs DMS to develop a formulary management plan and codifies the administrative health insurance assessment. Finally, the chamber began explanation and questions on the General Appropriations Act conference report for fiscal year 2025-26, described as a $115.1 billion budget that is down from the current year and includes more than $12 billion in reserves. Subcommittee chairs summarized major budget areas, including K-12 education, health care, transportation and economic development, agriculture and natural resources, higher education, state administration, justice, and information technology, highlighting funding for school choice, Medicaid, housing, transportation infrastructure, Everglades restoration, workforce programs, cybersecurity, and technology modernization.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 6 on Public Safety Apr 13th, 2026
Transcript Highlights:
- This program is gaining trust.
- Without permanent funding, we will lose these relationships, the momentum, and the trust that we've built
- We talk about trust. We talk about trust.
- supported by special funds.
- Although the fund has a sufficient fund balance, we project the fund to be structurally imbalanced in
CO
Colorado 2026 Regular Session
Colorado Senate 2026 Legislative Day 113 May 7th, 2026
Colorado Senate Floor Meeting
Transcript Highlights:
- </c> cash fund.
- Nobody knows what cash fund cash fund.
- </c> fireman's trust? fireman's trust?
- </c><03:26:39.680><c> fund,</c><03:26:40.319><c> which</c><03:26:40.640><c> is</c> the fireman's trust
- fund, which is the fireman's trust fund, which is working,<03:26:41.439><c> or</c><03:26:41.680><c>
CA
California 2025-2026 Regular Session
Assembly Select Committee on Racism, Hate, and Xenophobia Mar 20th, 2026
Transcript Highlights:
- We need bold actions that can fund our schools, that can fund our hospitals, and our institutions that
- Trust is built on the local level.
- Trust is built on the local level.
- Second, we urge you to pass the $35 million funding proposal for the LGBTQ Community Center Fund.
- At the center, these funds directly support survivors of hate violence and help rebuild trust in systems
UT
Utah 2025 Regular Session
Public Utilities, Energy, and Technology Interim Committee - November 19, 2025
Public Utilities, Energy, and Technology Interim Committee
Transcript Highlights:
- On the $5 million that you need ongoing to fund this, in the past, the federal government has funded
- How much have they funded?
- Zero-trust architecture says we don't trust anything ever. It always has to... trusted.
- Zero-trust architecture says we don't trust anything ever.
- zero-trust architecture, 800-207.
LA
Transcript Highlights:
- Reversionary trust.
- Also in 13:5106, the next subsection down specifically states any funds remaining in a reversionary trust
- Also in 13:5106, the next subsection down specifically states any funds remaining in a reversionary trust
- This is not a reversionary trust. The concept of the funds reverting back.
- This is not a reversionary trust. The concept of the, the concept of the funds reverting back.
Committee:
House Civil Law and Procedure
Keywords:
carbon capture, damages, environmental liability, legal liability, site restoration, expert witness, expert testimony, witness fees, pecuniary interest, conflict of interest, civil procedure, evidence law, Louisiana evidence code, Louisiana civil litigation, expert report, discovery, pretrial disclosure, litigation transparency, settlement, damages award
FL
Florida 2026 5th Special Session
Senate in Special Session F Jun 2nd, 2026
Florida Senate Floor Meeting
Transcript Highlights:
- So the plan removed the trust fund to help local governments.
- Why are we not replenishing Florida's affordable housing trust funds?
- We might have a trust fund that doesn't exist, a trust fund with no dedicated revenue source, a trust
- Once we cut taxes, we did away with the trust fund, and I think that's good because it was a trust fund
- Once we cut taxes, we did away with the trust fund, and I think that's good because it was a trust fund
Summary:
The Senate took up Committee Substitute for Senate Joint Resolution 2F, a proposed constitutional amendment to expand homestead property tax relief, lower the assessment cap on non-homestead property from 10% to 5%, and limit county and municipal ad valorem tax revenues to specified uses. Senator Avila presented the measure as a major property tax reform intended to provide relief to homeowners and restrain local government spending, while opponents argued it would shift costs to fees, services, and state appropriations and could harm local budgets, public safety, schools, and other services. Several senators also raised concerns about the ballot language and the lack of a completed fiscal analysis.
The chamber considered and rejected multiple amendments. Senator Sharif’s income-based “circuit breaker” amendment failed, as did Senator Smith’s sunset clause amendment and Senator Berman’s amendment to rewrite the ballot statement for greater accuracy. During questioning, Avila said the revised language was meant to preserve flexibility for local governments and that future legislatures could set implementing procedures and, if necessary, prohibit certain local expenditures by general law. He also confirmed that the proposal would not affect refinancing or portability, and said the measure would not prevent local governments from continuing to fund many services such as libraries, parks, animal control, code enforcement, mosquito control, public housing, county health departments, and elections.
Debate on final passage was extensive. Supporters described the proposal as overdue relief for homeowners and a way to force local governments to prioritize spending, while critics called it a risky tax shift that could reduce local revenue by billions and force cuts or higher fees. Some senators emphasized concerns about public safety funding, mental health and social services, and the accuracy of the ballot summary; others argued the measure would give voters a chance to decide on property tax reform. After debate, the resolution was rolled over for third reading and the Senate continued discussion, but the transcript provided does not include a final vote on the joint resolution.
WA
Washington 2025-2026 Regular Session
House Environment & Energy May 18th, 2026 at 01:30 pm
Environment & Energy
Transcript Highlights:
- the trust pore space.
- the trust poor space.
- Several states are moving forward with this by setting up trust funds where the injector has to pay into
- So if we are interested in it, we should look into setting up some kind of trust fund like that.
- I appreciate knowing about the opportunity to do the trust fund.
Committee:
House Environment & Energy
CA
California 2025-2026 Regular Session
Assembly Select Committee on Latina Inequities Aug 5th, 2026
Transcript Highlights:
- When we invest in trusted community organizations, create sustainable funding for community health workers
- way that is trusting.
- that is trusting. because now we have a system that is trusted and behaves in a way that is trusting
- Well, GME funding is huge. Graduate medical education funding is difficult to come by.
- Well, GME funding is huge. Graduate medical education funding is difficult to come by.
TX
Transcript Highlights:
- The event trust fund.
- , MRP, MARP, and Motorsports Racing Trust Fund.
- Lastly, my bill abolishes the following funds, the Pan American Games Trust Fund, the Olympic Games Trust
- Fund, and the Motorsports Racing Trust Fund.
- Uh, since 20, 2016, the Motorsports Racing Trust Fund was only used once in 2016, and the other two funds
Committee:
House Culture, Recreation & Tourism
KY
Kentucky 2025 Regular Session
Public Pension Oversight Board (8-26-25)
Transcript Highlights:
- , we didn't have a funded health insurance trust.
- </c> funding for the health insurance trust. funding for the health insurance trust.
- will be fully funded at retirement trust will be fully funded at the<01:12:40.320><c> end</c><01:12:
- <c> funded</c><01:22:54.800><c> that</c><01:22:55.120><c> $669</c> trust were fully funded that $669
- trust were fully funded that $669 million<01:22:56.800><c> would</c><01:22:56.960><c> disappear.
Summary:
The meeting opened with a quorum call, the Pledge of Allegiance, a prayer, and approval of the prior meeting minutes. The first presentation was from Bo Craycraft of the Judicial Form Retirement System, who gave an update on investment performance, asset allocation, cash flow, and projected employer costs. He reported strong fiscal year 2025 investment results, with both the legislative and judicial retirement plans outperforming their actuarial assumed rates of return and benchmarks, driven largely by U.S. equity performance. He also noted the plans remained near their target asset allocation and continued to experience negative cash flow, though he said that was manageable in context of strong asset growth.
Craycraft then discussed a recent experience study and actuarial assumption changes, especially a revised salary growth assumption and a higher cash balance interest credit rate. He said these changes increased projected employer costs, with contributions rising from about $700,000 to a projected $2 million in later years, though he expected the eventual 2025 valuation and investment gains to reduce that estimate. Members asked about mortality assumptions, the impact of the experience study on liabilities, and the sharp increase in the judicial plan’s projected employer cost. Craycraft explained that the increase was driven mainly by the updated assumptions and that no other major plan changes were involved.
At the chair’s request, Craycraft also addressed the recent rise in Medicare Advantage premiums for the plan’s health coverage, saying the 2025 increase was largely tied to Part D changes and the Inflation Reduction Act and had been about 45%, but that future growth was expected to be under 5%. After his presentation, the committee moved to the Kentucky Public Pensions Authority update, where the next speaker began by saying the funds had exceeded actuarial assumed returns for the fiscal year.