Video & Transcript : 'trust funds' :

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NM

New Mexico 2025 Regular Session

IC - Land Grant Oct 7th, 2025

House Rural Development, Land Grants And Cultural Affairs

Transcript Highlights:
  • amount. within the trust fund, so that's how we remove the money from the trust fund.
  • , funds from the trust fund would go into those individual project funds as well.
  • A lot of those is with regards to the trust fund.
  • Given that we have these additional funds, and if we're going to create this new trust fund, it would
  • That trust fund is being used for many other purposes in the agency, and it's being used to fund agency
CA
Transcript Highlights:
  • adds local housing trust fund activities as eligible, and you've added a few other things.
  • In addition, it is allowing for establishment and funding of housing trust funds.
  • So I want to ask about other housing trust funds.
  • You're saying then you could take some of that money out and put it into a housing trust fund.
  • Say they have an existing trust fund, but they want to explore creating a new type of loan program.
Summary: The Assembly Housing and Community Development Committee heard several housing-related bills, with most of the discussion focused on streamlining approvals, clarifying housing law, and expanding planning resources. AB 2005 would expand SB 9 urban lot split eligibility to homeowners using living trusts or LLCs and allow partnerships with small builders; supporters said it would help owner-occupants create more homeownership opportunities, while members raised concerns about enforceability and possible loopholes for corporate investors. AB 2676 would clarify the Housing Crisis Act of 2019 to make clear that referendums or initiatives cannot be used as de facto moratoriums on approved housing projects in affected cities and counties; the author said it codifies existing intent and court rulings, and members discussed retroactivity and pending actions before moving it forward. AB 1621 sought to tighten timelines and accountability for post-entitlement permits by limiting repeated plan checks and preventing local agencies from requiring changes that deviate from already approved plans, with supporters from the building industry and apartment sector saying delays add major costs. Cities and counties opposed unless amended, arguing the bill could limit their ability to ensure compliance with local and state standards and create unintended loopholes. The committee also heard AB 2002, which would codify and expand the REAP 1.0 regional planning grant program to support RHNA-related planning, housing elements, technical assistance, and some housing trust fund activities; supporters emphasized its value for under-resourced jurisdictions, while the building industry sought guardrails against grant conditions that exceed state standards. AB 2118 would refine the AB 2011 streamlined pathway for mixed-income housing by clarifying that state permits are ministerial when objective standards are met and limiting local standards that block mixed-use projects; it drew broad support from housing and planning groups and no opposition. AB 2074 proposed a ministerial pathway for high-rise mixed-income housing in major transit-rich downtowns, paired with labor standards and a state-backed revolving loan fund; supporters said it could revitalize downtowns and leverage private capital, while housing advocates and some members questioned whether public financing should prioritize mostly market-rate high-rise projects and raised budget concerns. The committee took roll-call votes and advanced the bills, with AB 2676, AB 1621, AB 2002, AB 2118, and AB 2074 all moving out on majority or unanimous votes, and consent items AB 1899 and AB 2390 also approved.
FL

Florida 2026 5th Special Session

FL House Floor Session - 2026-06-02 (10:00AM Session)

Florida House Floor Meeting

Transcript Highlights:
  • I'll go back to the trust fund that we just discussed.
  • We've removed the trust fund, and these counties do not have any dedicated funds or offsets now in terms
  • Currently, as you are aware, there is no trust fund associated with losses.
  • It's for all of the programs funded by Children's Services and Children's Trusts.
  • I doubt Palm Beach County will qualify for funding from that trust fund.
Summary: The House took up the special order calendar for a proposed constitutional amendment on property taxes, CS/HJR 1F, which would create a new homestead exemption for non-school taxes, lower the annual assessment cap on non-homestead property, and restrict how counties and municipalities may use ad valorem tax revenue. The sponsor, Rep. Overdorf, said the measure would give homeowners tax relief and argued local governments could adjust spending or use other revenue sources. Opponents repeatedly questioned the ballot language, the lack of a fiscal estimate or backfill, and the potential impact on local services, public safety, and debt obligations. The House adopted the special order report and then debated the resolution and a series of amendments. Several amendments were offered to carve out or protect specific services from the tax changes. Rep. Bartleman’s amendment to protect Children’s Services Councils and Children’s Trusts was supported by members who said those entities fund early learning, mental health, aftercare, and other services for children and working families, but it failed 25-74. Rep. Cross offered an amendment to include water management districts in allowable ad valorem uses, warning of impacts on flood control, water quality, Everglades restoration, and water supply; that amendment also failed. Rep. Eskamani offered an amendment requiring the Legislature to backfill public safety funding if local revenues fall, arguing police and fire services, staffing, and response times would be at risk; it failed 25-71. The chamber then rejected Rep. Woodson’s amendment to require state backfill for senior services, with supporters citing Meals on Wheels, transportation, adult day care, and other local senior programs, and opponents saying the proposal was outside the bill’s scope. Finally, Rep. Gant offered an amendment to protect veteran services, saying local governments fund housing, mental health, transition, and family support programs for veterans; debate emphasized the importance of honoring veterans and avoiding cuts to those services. The transcript cuts off during debate on that amendment, before a final vote is shown.
FL

Florida 2026 Regular Session

Appropriations Feb 5th, 2026

Appropriations

Transcript Highlights:
  • But that is not how this trust fund has been used.
  • But I do still don't totally understand how something gets into this fund, the trust fund, versus comes
  • So would, you know, why is No Kings Day in this trust fund and not part of your regular budget?
  • By title, it's the Emergency Preparedness and Response Trust Fund.
  • And as with any new legislation, with any new trust funds or authorization bills, there's going to be
Keywords: 999, senate, all
AL

Alabama 2025 Regular Session

Alabama House Apr 22nd, 2025

Alabama House Floor Meeting

Transcript Highlights:
  • I'd ask to suspend the rules so the Ways and Means General Fund Committee could meet on one Senate bill
  • I am wondering, is it worthy of my thoughts to say that I can trust you? I would hope so.
  • Is it worthy of me to say I can trust you? And you say you can hope so.
  • The Secretary of State's office has not requested any additional funds since we've been in this system
  • I think we need to start talking about what we're going to do to fund ABC. I just...
TX

Texas 89th Regular

89th Legislative Session Apr 22nd, 2025

Texas House Floor Meeting

Transcript Highlights:
  • Constitutionally dedicated funds that allow us to skirt the constitutional spending limit.
  • House Bill 43 funds...
  • We ensure taxpayer dollars are used wisely and public trust is upheld.
  • Program and an establishment in the funding of the Texas Moving Industry Incentive Fund for the Committee
  • and trust fund under the Texas Workers' Compensation Act for the Presidential Committee on the Workforce
MN

Minnesota 2025-2026 Regular Session

Committee on Housing and Homelessness Prevention - 03/27/25

Housing and Homelessness Prevention

Transcript Highlights:
  • Senate File 2950 allocates $11.5 million of one-time funding to the Rondo Community Land Trust to support
  • Senate File 2950 allocates $11.5 million of one-time funding to the Rondo Community Land Trust to support
  • land trusts.
  • We were also the first community land trust in the state of Minnesota to apply the community land trust
  • In 2024, Rondo Community Land Trust received enough funding to support 31 home buyer-initiated families
Keywords: 1187, senate, all
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Bonding, Capital Expenditures and State Assets Jan 13th, 2026

Joint Committee on Bonding, Capital Expenditures and State Assets

Transcript Highlights:
  • Water Trust, providing funding for drinking water and wastewater infrastructure.
  • Are those currently funding other funds and other projects? Yes, sorry, thank you.
  • funds.
  • And then the climate bank will unlock a massive amount of financing to trust funds, and then the climate
  • We appreciate that this bill provides significantly more funding for the Clean Water Trust than was the
Summary: The Joint Committee on Bonding, Capital Expenditures and State Assets held a hearing on S. 2542, the Mass Ready Act, the Healey-Driscoll administration’s environmental bond bill. Secretary of Energy and Environmental Affairs Rebecca Tepper and Undersecretary Jen Sullivan described the bill as a $3 billion resilience package to protect drinking water, farms, fisheries, roads, bridges, parks, and communities from flooding, heat, drought, wildfires, and other climate impacts. They highlighted major authorizations for flood and coastal resilience, DCR infrastructure, drinking water and wastewater upgrades, PFAS remediation, open space and land protection, food security infrastructure, and a new Resilience Revolving Fund for low-cost loans to municipalities, tribes, and water districts. Committee members asked about project lifespans, flood and salt marsh permitting, wastewater and combined sewer overflow funding, parkway maintenance, land acquisition priorities, Quabbin stewardship, and how the revolving fund would be capitalized and administered. The administration said the fund would be modeled on the Clean Water Trust, use existing trust resources rather than new fees, and could later support special obligation bonds; they also said the bill would streamline certain permitting and improve flood-risk disclosure and climate-related building standards. Many witnesses urged the committee to strengthen the bill’s funding levels or add related policy provisions. Labor, contractor, and plumbing groups supported creating a water reuse and graywater recycling commission, saying it could conserve water, reduce stormwater and sewer burdens, and create skilled jobs. Boston Harbor Now asked for higher authorizations for the Municipal Vulnerability Preparedness program and resilient coast work, plus permitting reforms for nature-based and waterfront projects. The Massachusetts Rivers Alliance backed the bill but also urged inclusion of drought-management legislation, a water reuse commission, a statewide flood buyout program, and more support for community resiliency. Environmental justice advocates from Green Roots called for dedicated funding for outdoor and indoor air quality monitoring and indoor air quality improvements in schools and public housing, while conservation and tree advocates sought larger investments in urban forestry, local nurseries, and workforce training, along with clearer language to ensure municipal reforestation funds go to cities and towns. Agricultural and food system witnesses emphasized the importance of the bill’s food security and farmland provisions. The Southeastern Massachusetts Agricultural Partnership and the Mass Food System Collaborative supported the $125 million food security infrastructure grant program, saying it has funded critical facilities and equipment for farmers, fishers, processors, and food access organizations, but warned that without the bill there could be a funding gap in fiscal year 2027. They also supported farmland protection and asked for more funding for agricultural capital programs, used-equipment eligibility in grant programs, and a next-generation farmer fund. Water utility representatives said the bill still falls short of the state’s long-term drinking water, wastewater, and stormwater needs, citing EPA estimates of nearly $37 billion in needed investments over 20 years and urging dedicated recurring funding and broader eligibility for climate resilience grants. No votes were taken at the hearing.
FL

Florida 2026 5th Special Session

Appropriations Apr 2nd, 2025

Transcript Highlights:
  • This amendment provides $350,000 in non-recurring state funds to the State Transportation Trust Fund
  • fund to the State Courts Revenue Trust Fund and eliminated all statutory references to the mediation
  • and arbitration trust fund. ...which redirected filing fees from the mediation and arbitration trust
  • fund to the State Courts Revenue Trust Fund and eliminated all statutory references to the mediation
  • and arbitration trust fund.
Summary: The Appropriations Committee met for Budget Day and heard presentations on the Senate’s proposed 2025-2026 budget, SPB 25-200, totaling $117.4 billion. Chair Hooper said the plan reduces overall spending from the prior year, keeps strong reserves, includes a 4% pay raise for state employees, maintains employee health care contributions, and makes major investments in water quality, transportation, and education infrastructure. Committee chairs then summarized their budget silos, including K-12 education, higher education, health and human services, criminal and civil justice, transportation/tourism/economic development, and agriculture/environment/general government. Members asked questions mainly about school funding, AP and dual enrollment support, voucher and scholarship impacts, and the My Safe Florida Home program. The committee adopted a large consent package of amendments and then approved three late-file amendments: funding virtual college tours for high school students, funding the FSU Sunshine Genetics program, and providing money for the Port of Fernandina customs facility. The committee then voted to report SPB 2500, the General Appropriations Bill, as a committee bill. It also favorably reported SPB 2502 (implementing bill), SPB 2504 (state employees placeholder), SB 7022 (Florida Retirement System contribution rates and DROP changes), CS/SB 1320 (recreating the Resilient Florida Trust Fund), SPB 2506 (gaming compact revenue distributions, including water projects and rural lands), SPB 2508 (29 new judgeships), SB 7014 (ending the court mediation and arbitration trust fund), SPB 2510 (K-12 conforming bill), SPB 2512 (higher education conforming bill), and SPB 2514 (health and human services conforming bill). The committee also took up several policy bills. It approved SB 7028 on cancer research, creating grant parameters, reporting requirements, a five-year pediatric cancer research incubator, and the Bascom Palmer Eye Institute VisionGen Initiative. It approved CS/CS/SB 170 on nursing home quality, adding resident satisfaction surveys, medical director standards, safety culture reviews, electronic health record requirements, financial reporting penalties, and a study of best practices. It approved CS/CS/SB 168, the Tristan Murphy Act, which expands mental health diversion options, adds Hillsborough County to a forensic hospital diversion pilot, expands grant uses, and creates a behavioral health data repository. It also approved SB 114 creating the Florida Center for Excellence in Insurance and Risk Management at FSU and moving the public hurricane loss model there. The committee then began considering SB 180 on emergency preparedness and response, including a late-file amendment, but the transcript cuts off before final action on that bill.
NM

New Mexico 2025 Regular Session

IC - Mortgage Finance Authority Act Oversight May 28th, 2025

Mortgage Finance Authority Act Oversight Committee

Transcript Highlights:
  • Trust Fund and the Affordable Housing Act.
  • Trust Fund.
  • for the New Mexico Housing Trust Fund.
  • Mexico Housing Trust Fund.
  • Outlines the housing trust fund framework.
NM

New Mexico 2025 Regular Session

Senate - Conservation Feb 4th, 2025

Senate Conservation

Transcript Highlights:
  • To ensure funds aren't stranded, projects are typically given four years to expend the Water Trust Board
  • So without this funding, we won't be able to fund all of those, and we would not be able to fund the
  • This is a funding bill.
  • on the fund.
  • the Water Trust Board.
NM

New Mexico 2026 Regular Session

House - Appropriations and Finance Jan 21st, 2026

House Appropriations & Finance

Transcript Highlights:
  • From the state, 11.4 million, and that's from the trust fund.
  • Health Trust Fund.
  • And so a 13 return is double what we get on our own permanent funds and our early childhood trust fund
  • This body approved last year to the funds that are going into the Early Childhood Trust Fund, and are
  • Fund and are not diverted into the other two newly created trust funds.
Bills: SB2
KY

Kentucky 2026 Regular Session

House Standing Committee on Families and Children. (3-5-26)

Families & Children

Transcript Highlights:
  • our state, but it'll designate those funds, those settlement funds that are coming from lawsuits from
  • our state, but it'll designate those funds, those settlement funds that are coming from lawsuits from
  • our state, but it'll designate those funds, those settlement funds that are coming from lawsuits from
  • our state, but it'll designate those funds, those settlement funds that are coming from lawsuits from
  • It'll designate those funds, those settlement funds that are coming from lawsuits from these social media
ND

North Dakota 2026 1st Special Session

Water Topics Overview Committee Mar 26th, 2026 at 09:00 am

Water Topics Overview Committee

Transcript Highlights:
  • He said the Resources Trust Fund is the funding bucket the State Water Commission uses to fund projects
  • Fund, $414 million in the Resources Trust Fund.
  • Trust Fund, it would not do so from a statewide perspective since the funding from the Resource Trust
  • the Resource Trust Fund.
  • on the Resources Trust Fund.
Keywords: 908, all
LA

Louisiana 2026 Regular Session

Natural Resources and Environment May 26th, 2026

Natural Resources & Environment

Transcript Highlights:
  • Executive Director of the Natural Resources Trust Authority, which is administering the fund.
  • So from our perspective, the most important thing is that the trust fund funding stays in place. the
  • So from our perspective, the most important thing is that the trust fund funding stays in place.
  • From our perspective, the most important thing is that the trust fund funding stays in place.
  • paid into the trust fund counts toward those caps. ...but only the 12 cents paid into the trust fund
Keywords: 965, house, all
ND

North Dakota 2025-2026 Regular Session

Senate Industry and Business Apr 2nd, 2025 at 02:45 pm

Industry and Business

Transcript Highlights:
  • fund to a continuing appropriation for the benefit of... ...trust fund to a continuing appropriation
  • Fund... ...our request for a continuing appropriation for the insurance regulatory trust fund that is
  • allowing for the commissioner to, based on the funds available in that trust fund, be able to hire the
  • the insurance regulatory trust fund, allowing us to use that.
  • We are limited to the money that is raised in that insurance regulatory trust fund.
Keywords: 908, all
Summary: The Senate Committee on Industry and Business reconvened to work on House Bill 1584, which would create a new pharmacy benefit manager (PBM) regulatory structure within the Insurance Department. Insurance Commissioner John Godfrey and Deputy Commissioner John Arnold explained a revised set of amendments negotiated with Representative Casper and the North Dakota Pharmacists Association. They said the bill largely kept the House policy intact but added technical corrections, narrowed some references in Chapter 19-02, created a separate PBM licensing class, set a delayed effective date for licensing, and established emergency authority so the department could begin building the new division. They also described the proposal to fund the program through existing trust fund resources, PBM license fees, and a transfer of about $1.6 million from the prescription drug transparency program fund, while allowing the department flexibility to hire needed attorneys, pharmacists, and examiners. A major point of discussion was Section 10, which would have required the Attorney General to represent and bear costs for lawsuits related to the bill. Chief Deputy Attorney General Claire Ness said the language was too broad and would go beyond normal constitutional defense work, potentially obligating her office to cover all lawsuits against the commissioner or state under the section. Representative Casper said the intent was only to avoid the Insurance Department having to seek emergency funding for litigation, and both he and department officials said they were open to removing the section or narrowing it. After further discussion, the committee agreed to remove Section 10 from the amendments. The committee then voted 4-0 to adopt the amended amendment package, and then voted 4-0 to give House Bill 1584 a do pass recommendation as amended and refer it to Appropriations. Members noted the bill was still a work in progress, but said the revised version was intended to move the PBM regulation issue forward while continuing discussion in the appropriations process.
KY
Transcript Highlights:
  • funded.
  • funded.
  • funded.
  • funded.
  • Now, in order to receive that, these health insurance trusts have to be funded at 90%, which is the case
Summary: The Public Pension Oversight Board received updates from the Kentucky Public Employees Deferred Compensation Authority and the Teachers Retirement System. Chris Biddle reported that deferred compensation assets had grown to about $4.787 billion with roughly 88,000 participants, crediting auto-enrollment, targeted marketing around pay raises, and retiree-focused services. He said the board’s self-directed brokerage account, authorized by last year’s legislation, is being designed around a $40,000 account-balance threshold with up to 25% transferable into the brokerage window, tentatively for July 1 of the coming year. He also described the free financial planning program, which has been used by about 3,300 to 3,500 participants with an 87% return rate, and noted that the plan is currently in a fee holiday; members asked about the fee structure and whether the CFP service is provided through Nationwide, which Biddle confirmed. Board members praised the deferred compensation program’s growth and asked for the legislation referenced by Biddle. He said the plan’s annual fees are capped, with a $1 monthly fee plus other charges up to a $225 cap, for a maximum of $237 per year absent a managed account. He also said the program is seeking unified payroll access to expand participation, especially among teachers, and that prior lineup changes saved about $6 million annually in participant fees. Bo Barnes of TRS then addressed retired teachers’ health insurance, first clarifying a prior question about declining federal contributions to the retirement annuity trust. He explained that federally funded school positions generated contributions that rose from $72 million in 2019 to $109 million in 2022, then fell to $85 million this year, with a projection of $80 million over the next three years; if those dollars do not come from federal sources, they would have to be replaced through the SEEK formula. Barnes then reviewed TRS health coverage, explaining that the statutory contract guarantees access to group coverage but not fixed premium levels, and that TRS administers two retiree plans: KEHP for retirees under 65 or otherwise not Medicare-eligible, and MEHP for retirees 65 and older or Medicare-eligible. Barnes said TRS completed RFPs for the 2026 plan year, retaining Express Scripts for prescription drugs and switching the Medicare Advantage medical provider from UnitedHealthcare to Humana, while keeping plan design, provider access, out-of-pocket costs, and benefits materially unchanged. He noted a modest hearing-aid improvement of $500 per ear beginning in 2026. He also reported that the TRS Board approved the maximum state contribution for KEHP at $1,044.96, up from $930.76, an 18% increase that he said would require about $15 million to $16 million more annually, while the MEHP premium would drop from $210 to $200 per month because of the new contract. Using the 2024 valuation, he said the KEHP increase would slightly reduce the health trust funded ratio from 80.4% to 80.1% and raise unfunded liability from $4.036 billion to $4.051 billion. Barnes closed by reviewing the 2010 shared-responsibility reforms that shifted retiree health costs away from a pay-as-you-go model, including phased employee and district contributions and Commonwealth stabilization funding. No votes were taken beyond approval of the minutes.
FL

Florida 2026 Regular Session

Appropriations Feb 5th, 2026

Appropriations

Transcript Highlights:
  • But that is not how this trust fund has been used.
  • But I still don't totally understand how something gets into this fund, the trust fund, versus comes
  • So would, you know, why is No Kings Day in this trust fund and not part of your regular budget?
  • By title, it’s Emergency Preparedness and Response Trust Fund.
  • And as with any new legislation, with any new trust funds or authorization bills, there's going to be
Bills: S7040 , S0110 , S0434 , S0856
Summary: The committee met with a quorum present and took up three property-tax related bills before turning to a broader discussion of the Emergency Preparedness and Response Fund. SB 434, which would prohibit counties from increasing a residential property’s assessed value because the owner installed wind mitigation measures, was presented by Senator Lee and reported favorably. CS for SB 110, which clarifies that holders of 98-year-or-longer residential leases remain eligible for the homestead exemption even if the lease ends at death, was also reported favorably. SB 856, requiring online residential listing platforms to display estimated property taxes using prescribed calculation methods and not the current owner’s tax bill, drew support from property appraisers, Zillow representatives, and others and was reported favorably after questions about transparency and realtor obligations. The committee then considered SPB 7040, which would recreate and extend the Emergency Preparedness and Response Fund through December 31, 2027. Senator DiCeglie and Division of Emergency Management Director Kevin Guthrie argued the fund is needed for hurricane response, other natural and man-made emergencies, and reimbursement-based spending; they said the extension preserves legislative oversight that would otherwise lapse. Several senators questioned the use of the fund for immigration-related operations, detention facilities, and other non-disaster activities, as well as the lack of additional guardrails, reimbursement timing, and transparency. Guthrie said the division has used the fund for hurricanes, flooding, civil unrest, security operations, and other incidents, and that some reimbursements are still pending from the federal government. Public testimony on SPB 7040 was largely opposed. Speakers from the Florida Center for Fiscal and Economic Policy, the Southern Poverty Law Center, Florida for All, and others argued the fund has been repurposed for immigration enforcement and detention-related spending rather than true emergencies, and raised concerns about deaths in detention and the absence of competitive bidding and oversight. Guthrie answered extensive questions about the South Florida and North Florida detention facilities, Operation Vigilant Sentry, State Guard support, reimbursement requests, equipment purchases, and legislative access to facilities. The committee did not take a final vote on SPB 7040 within the portion of the transcript provided.
MN

Minnesota 2025-2026 Regular Session

Committee on State and Local Government - 03/12/26

State and Local Government

Transcript Highlights:
  • </c> July, we're not here to fund it. July, we're not here to fund it.
  • ><c> these</c> budget that we're going to fund these budget that we're going to fund these salaries<00
  • It's not to actually fund the salary.
  • There are some things that are trusted.
  • There are some things that are trusted.
Keywords: 1187, senate, all