Video & Transcript : 'trust funds' :
Page 65 of 500
FL
Florida 2026 Regular Session
FL House Floor Session - 2026-06-02 (10:00AM Session)
Florida House Floor Meeting
Transcript Highlights:
- Well, I'll go back to the trust fund that we just discussed.
- So we've removed the trust fund, and these counties do not have any dedicated funds or offsets now in
- 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 met in special session, opened with prayer and the Pledge of Allegiance, approved the journal, and adopted the special order report setting the day’s calendar. The chamber then took up CS/House Joint Resolution 1F, the Governor’s property tax proposal, which would raise the homestead exemption for non-school taxes, lower the annual assessment cap on non-homestead property from 10% to 5%, and restrict county and municipal ad valorem revenue to public safety and certain other uses. Sponsor Rep. Overdorf said the measure would return money to homeowners and give local governments flexibility, while opponents repeatedly argued the ballot language was misleading and that the proposal could create large local revenue shortfalls, shift costs to other taxpayers, and threaten local services and debt obligations.
Members debated a series of amendments aimed at protecting specific programs from the bill’s effects. Rep. Bartleman’s amendment to exempt Children’s Services Councils and Children’s Trusts was defeated 25-74 after supporters said those entities fund child care, mental health, aftercare, and family support, while opponents said local governments could still choose to fund them. Rep. Cross’s amendment to include water management districts in allowable uses of ad valorem taxes was also defeated, despite testimony that the districts are essential for flood control, water supply, Everglades restoration, and drought response. Rep. Eskamani’s amendment to require the Legislature to backfill public safety funding failed 25-71 after debate over whether the proposal could reduce police and fire budgets and response times.
The House 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 aging services, and opponents saying the state already funds senior programs. Finally, Rep. Gant’s amendment to protect veteran services was introduced and debated, with members emphasizing housing, mental health, transition assistance, and homelessness concerns for veterans; the transcript cuts off before the vote on that amendment. Throughout the debate, sponsors and supporters of the main resolution maintained that local governments would retain spending discretion and could use other revenue sources, while critics argued the measure lacked clear backfill provisions and could force cuts or tax shifts at the local level.
KY
Transcript Highlights:
- A portion of the fee, 35%, goes to the traumatic brain injury trust fund.
- A portion of the fee, 35%, goes to the traumatic brain injury trust fund.
- A portion of the fee, 35%, goes to the traumatic brain injury trust fund.
- A portion of the fee, 35%, goes to the traumatic brain injury trust fund.
- Senator Storm. trust fund. trust fund.
Committee:
Senate Transportation
FL
Florida 2026 5th Special Session
Appropriations Committee on Agriculture, Environment, and General Government Jan 14th, 2026
Transcript Highlights:
- This chart includes both general revenue and trust funds.
- The remaining $64 billion is funded through agency trust funds.
- The budget for these agencies is mostly trust-funded, meaning that their budgets are funded by dedicated
- All of these can be funded with PERC’s trust fund.
- Again, all of this can be covered by PERC's Trust Fund.
Summary:
The committee convened with a quorum, welcomed new member Senator Ralph Massullo, and first took up confirmation of five appointees to water management district and basin board positions. Senator McLean moved favorable confirmation of Ted Everett, Jerome Pate, Michael Romano, Paul Bissfam, John Hall, and Virginia Johns, and the motion passed by roll call.
The main agenda item was the Governor’s Florida First budget presentation for the environmental agencies. Kim Kramer and DEP Secretary Alexis Lambert outlined proposed environmental funding of about $5.8 billion, including more than $1.4 billion for water resources, $810 million for Everglades restoration, $408 million for water quality, $202 million for Resilient Florida, $75 million for beach renourishment, $150 million for Florida Forever, $70 million for state park infrastructure, and $221 million for hazardous waste cleanup. They also highlighted proposed funding for FWC operations, manatee care, python removal, oyster reef restoration, forestry and wildfire equipment, and citrus research and disease response. Members asked about Florida Forever funding, state park wastewater and septic needs, a cut to the Florida Wildlife Research Institute, and how beach renourishment is handled after storms.
The committee then heard the general government budget presentation. Agencies highlighted included DBPR, Gaming Control, the Lottery, DMS, PERC, DFS, OIR, and Revenue. DBPR discussed funding for license processing, an animal abuse hotline, vehicle replacement, and IT recruitment; Gaming Control requested new law enforcement squads and a licensing/enforcement IT system; the Lottery emphasized marketing, retail engagement, IT, and retention funding; DMS proposed building, fleet, telecommunications, cybersecurity, and local government grant investments; PERC described workload growth after SB 256 and requested staffing, operations, and pay increases; OIR sought more staff for consumer protection and market oversight plus building renovations; DFS highlighted My Safe Florida Home funding, fire marshal and first responder support, financial investigations, and gold and silver legal tender implementation; and Revenue requested operational, IT, and fiscally constrained county funding. Members questioned DBPR about unfunded HOA fraud and condo transparency items, DMS about cybersecurity grants, and DFS about My Safe Florida Home funding levels, abandoned grants, and reduced program uptake. No further action was taken, and the committee adjourned without additional votes.
AL
Bills:
SB24 , SB83 , SB142 , SB140 , SB94 , SB24 , SB83 , SB142 , SB140 , SB94 , HB132 , HB37 , HB51 , HB105 , HB54 , HB7 , HB158 , HB188 , HB189 , HB111 , HB13 , HB192 , HB149 , HB132 , HB37 , HB51 , HB105 , HB54 , HB7 , HB158 , HB188 , HB189 , HB111 , HB13 , HB192 , HB149
Committee:
Senate Judiciary
Keywords:
body-worn camera, public records, law enforcement transparency, recording disclosure, civil rights, adult-size changing table, changing station, accessible restroom, public bathroom, public building, public entity, ADA, Americans with Disabilities Act, accessibility, restroom renovation, new construction, grant program, state grant, local government facilities, historic property
AL
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...
Bills:
HB 14 , HJR 31 , HB 43 , HB 18 , HB 106 , HB 36 , HB 26 , HB 149 , HB 121 , HB 206 , HB 136 , HB 3114 , HB 2733 , HB 1732 , HB 3700 , HB 467 , HB 1130 , HB 1846 , HB 1442 , HB 1147 , HB 2176 , HB 2701 , HB 805 , HB 2890 , HB 1154 , HB 1644 , HB 2118 , HB 1718 , HB 2488 , HB 2596 , HB 1971 , HB 2468 , HB 484 , HB 2578 , HB 3204 , HB 1041 , HB 307 , HB 685 , HB 1710 , HB 538 , HB 2525 , HB 3125 , HB 2027 , HB 2894 , HB 3077 , HB 3684 , HJR 99 , HB 1399 , HJR 5 , HB 1330 , HB 2110 , HJR 2 , HJR 6 , HB 1587 , HB 14 , HJR 31 , HB 43 , HB 18 , HB 106 , HB 36 , HB 26 , HB 149 , HB 121 , HB 206 , HB 136 , HB 3114 , HB 2733 , HB 1732 , HB 3700 , HB 467 , HB 1130 , HB 1846 , HB 1442 , HB 1147 , HB 2176 , HB 2701 , HB 805 , HB 2890 , HB 1154 , HB 1644 , HB 2118 , HB 1718 , HB 2488 , HB 2596 , HB 1971 , HB 2468 , HB 484 , HB 2578 , HB 3204 , HB 1041 , HB 307 , HB 685 , HB 1710 , HB 538 , HB 2525 , HB 3125 , HB 2027 , HB 2894 , HB 3077 , HB 3684
Keywords:
nuclear energy, advanced reactors, energy security, grant programs, Texas Advanced Nuclear Energy Office, farm products, tax exemption, ad valorem taxation, agriculture, Texas Constitution, livestock, producer, finance, young farmers, financial assistance, pest control, rural health, hospital funding, healthcare access, mental health services
TX
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
Bills:
HB14 , HJR31 , HB43 , HB18 , HB 106 , HB36 , HB26 , HB149 , HB 121 , HB206 , HB136 , HB3114 , HB2733 , HB1732 , HB3700 , HB467 , HB 1130 , HB1846 , HB1442 , HB 1147 , HB2176 , HB2701 , HB805 , HB2890 , HB 1154 , HB1644 , HB2118 , HB1718 , HB2488 , HB2596 , HB1971 , HB2468 , HB484 , HB2578 , HB3204 , HB 1041 , HB307 , HB685 , HB1710 , HB538 , HB2525 , HB3125 , HB2027 , HB2894 , HB3077 , HB3684 , HJR99 , HB1399 , HJR5 , HB1330 , HB2110 , HJR2 , HJR6 , HB1587 , HB14 , HJR31 , HB43 , HB18 , HB 106 , HB36 , HB26 , HB149 , HB 121 , HB206 , HB136 , HB3114 , HB2733 , HB1732 , HB3700 , HB467 , HB 1130 , HB1846 , HB1442 , HB 1147 , HB2176 , HB2701 , HB805 , HB2890 , HB 1154 , HB1644 , HB2118 , HB1718 , HB2488 , HB2596 , HB1971 , HB2468 , HB484 , HB2578 , HB3204 , HB 1041 , HB307 , HB685 , HB1710 , HB538 , HB2525 , HB3125 , HB2027 , HB2894 , HB3077 , HB3684
Keywords:
nuclear energy, advanced reactors, energy security, grant programs, Texas Advanced Nuclear Energy Office, farm products, tax exemption, ad valorem taxation, agriculture, Texas Constitution, livestock, producer, finance, young farmers, financial assistance, pest control, rural health, hospital funding, healthcare access, mental health services
WA
Washington 2025-2026 Regular Session
Senate Ways & Means Feb 24th, 2026
Transcript Highlights:
- We're hopeful that you'll take the House's approach on the Housing Trust Fund and other programs, including
- The Housing Trust Fund is the backbone of Washington's affordable housing system.
- The need for affordable housing continues to outpace what the Housing Trust Fund can meet, and every
- I'm here to advocate that you consider at least matching the House budget for the Housing Trust Fund
- We'd like to thank the committee for the continued and increased investments in the Housing Trust Fund
Summary:
The committee first heard a briefing on the proposed Senate capital budget, Substitute Senate Bill 6003, which would spend about $723 million total using debt-limit bonds, Climate Commitment Act funds, and other cash resources. Staff described major investments in housing and homelessness, human services, local infrastructure, flood response, water conservation and clean energy, K-12 school modernization and seismic work, and higher education projects. Members then took public testimony from a wide range of advocates and project sponsors, most of whom urged the Senate to preserve or increase funding for specific projects in the final budget, including affordable housing, permanent supportive housing, child care facilities, food banks, behavioral health and substance use treatment centers, tribal courthouse relocation, school modernization, community colleges, university projects, floodplain restoration, community forests, and local civic or cultural facilities. Several witnesses also asked the Senate to match or approach House funding levels on items such as the Housing Trust Fund, permanent supportive housing, the Community Forest Program, Floodplains by Design, and CCA-supported clean energy and water projects. The chair noted that amendments to the capital budget were due the next day at noon.
The committee then received a briefing on Engrossed Second Substitute House Bill 2251, which would restructure Climate Commitment Act accounts by repealing three existing accounts and replacing them with two new accounts: a CCA operating account and a CCA capital account. Staff explained that the bill would preserve most existing uses while changing revenue distribution formulas, capping Ecology administrative costs, expanding allowable uses for EV-related costs, housing, and carbon capture/sequestration, and changing reporting and tribal consultation provisions. The bill also shifts some reporting from annual to biannual and modifies the thresholds for tribal-supported and overburdened-community investments. The fiscal note was described as relatively small, with the main impact being the revised revenue allocation structure.
Public testimony on the CCA bill was mixed. Supporters, including the League of Women Voters, said the restructuring better aligns spending with the intent of the CCA and could improve investments for tribes and overburdened communities. Critics, including the Washington Policy Center, argued the bill still lacks strong requirements to ensure CCA spending is effective and objected to reducing the frequency of the state’s climate-spending report. No votes were taken during the portion of the meeting provided.
FL
Florida 2026 Regular Session
Appropriations Committee on Agriculture, Environment, and General Government Jan 14th, 2026
Appropriations Committee on Agriculture, Environment, and General Government
Transcript Highlights:
- This chart includes both general revenue and trust funds.
- The remaining $64 billion is funded through agency trust funds.
- All of these can be funded with PERC’s trust fund. No general revenue is needed to fund this ask.
- All of these can be funded with PERC's trust fund. No general revenue is needed to fund this ask.
- Again, all of this can be covered by PERC's Trust Fund.
Summary:
The committee first took up confirmation of five water management district appointees: Ted Everett and Jerome Pate to the Northwest Florida Water Management District, Michael Romano to the Big Cypress Basin Board of the South Florida Water Management District, and Paul Bissfam, John Hall, and Virginia Johns to the Southwest Florida Water Management District. Senator McClain moved confirmation, the roll was called, and the committee recommended all appointees favorably.
Members then received the Governor’s Florida First budget presentations for environmental agencies. The environmental package totaled about $5.8 billion and emphasized Everglades restoration, water quality, resilience, land conservation, state parks, hazardous waste cleanup, wildlife management, wildfire response, and citrus support. DEP highlighted more than $1.4 billion for water resources, including $810 million for Everglades restoration, $202 million for Resilient Florida, $150 million for Florida Forever, $70 million for state parks, and $221 million for contamination cleanup. FWC, Agriculture, and Citrus funding priorities were also outlined. Members asked about Florida Forever funding, state park wastewater and septic needs, a reduction at the Florida Wildlife Research Institute, and beach renourishment funding for storm damage.
The committee also heard the General Government portion of the budget, which totaled about $2.9 billion and covered DBPR, Lottery, Financial Services, Management Services, Revenue, PERC, and the Gaming Control Commission. DBPR requested funds for license processing, an animal abuse hotline, fleet replacement, and IT retention. FGCC sought new enforcement squads and an IT licensing/enforcement system. The Lottery proposed marketing, retail engagement, IT, and retention funding. DMS emphasized building modernization, fleet telematics, 911 and radio upgrades, cybersecurity, a local government cybersecurity grant program, and data interoperability. PERC described a sharp increase in labor cases and elections after SB 256 and requested staffing, election administration, and hearing officer pay increases. DFS highlighted My Safe Florida Home, fire marshal and first responder support, financial investigations, and gold and silver legal tender implementation. Revenue requested operational and IT funding and support for fiscally constrained counties. Questions focused on DBPR’s condo and HOA initiatives, cybersecurity grant reductions, and the My Safe Florida Home program’s abandoned grants and matching requirements. No additional votes were taken, and the committee adjourned.
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 5 on Corrections, Public Safety, Judiciary, Labor and Transportation Apr 16th, 2026
Transcript Highlights:
- They are currently supported through limited-term funding from the Appellate Court Trust Fund that was
- The proposal provides a bridge year of funding through the Appellate Court Trust Fund in fiscal year
- Is this trust fund the same trust fund that we were talking about in the other hearing?
- appellate court trust fund?
- Our information is that, to the Trust Fund Commission, because of interest rates going down, IOLTA funds
Summary:
The Senate Budget Subcommittee on Corrections, Public Safety, Judiciary, Labor, and Transportation heard presentations on the Office of the State Public Defender, civil legal aid funding, and Judicial Branch operations. The State Public Defender requested permanent funding for positions that had been temporarily funded to implement the Racial Justice Act, explaining that the workload has grown substantially through retroactive capital-case briefing, habeas proceedings, data requests, and related statistical analysis. She also presented findings from a public defense workload and staffing report showing that California’s county-based public defense system is under-resourced, with too few attorneys, investigators, and support staff, especially in rural counties, and that statewide standards and funding are lacking. Committee members asked about the scope of racial bias claims, the impact of collaborative courts and Prop. 36, and the need for statewide cost estimates and phased funding options.
The committee then heard from legal aid advocates and a Los Angeles Superior Court judge in support of increased civil legal aid funding. Witnesses described the Equal Access Fund, homelessness prevention services, health care access, and immigration detention defense as cost-effective ways to prevent evictions, stabilize families, and reduce downstream public costs. They requested a $50 million increase to the Equal Access Fund, $20 million to restart homelessness prevention services, and $10 million for health care access work, along with additional targeted investments from the California Access to Justice Commission. Testimony emphasized the severe shortage of legal aid attorneys, the high demand for immigration representation, and the role of legal aid in domestic violence, housing, and family law matters. Senators asked for more information on service locations, outreach, funding losses, and how the requested amounts were calculated.
In the Judicial Branch overview, Judicial Council and trial court representatives supported the Governor’s proposed budget, including a $70 million increase for trial court operations, $21.7 million for employee health and retirement costs, and funding for appellate counsel and case processing. They said the money is needed to offset inflation, supply chain costs, and staffing pressures, and to preserve access to justice. Senators pressed the branch and Department of Finance on interpreter shortages, midyear funding flexibility, courthouse facilities needs, and judgeship needs in inland counties. Finance officials said they were aware of the broader facilities backlog, and the committee requested follow-up information on the full capital and maintenance needs, interpreter funding, and updated judgeship and workload data. No formal votes were taken during the hearing.
WA
Washington 2025-2026 Regular Session
House Agriculture & Natural Resources Feb 18th, 2026 at 08:00 am
Agriculture & Natural Resources
Transcript Highlights:
- I think a third trust obligation that we have.
- One is a federal trust that's constitutional; the other is the trust for the counties, which is legislative
- obligation, it is actually multiple trusts, and each of those trusts has a unique set of parameters
- And the biotoxin work has a greater public good and should be funded by general fund state.
- I don't know... ...has a greater public good and should be funded by general fund state.
Committee:
House Agriculture & Natural Resources
Keywords:
fire safety, insurance incentives, best practices, community protection, voluntary measures, juice grapes, agriculture, commerce, state regulation, market access, federal response, wildfire protection, community safety, infrastructure, natural resources, commercial shellfish, shellfish fees, Department of Health, biotoxin testing, export certificate
NH
New Hampshire 2025 Regular Session
House Ways and Means (02/12/2025)
Transcript Highlights:
- </c><00:17:48.640><c> for</c> education trust fund will help pay for education trust fund will help pay
- Trust Fund.
- trust fund is a is now um the education trust fund is a um<03:47:53.800><c> non-aps</c><03:47:54.720
- <04:15:08.319><c> be</c> trust fund is going to be trust fund is going to be distributed<04:15:10.159
- </c> education trust fund so the education education trust fund so the education trust<04:30:58.040><
Summary:
The committee opened a public hearing on HB 402, a bill dealing with whether Education Freedom Account (EFA) payments should be described in state law as not constituting taxable income. The bill sponsor argued that the current statute is misleading because New Hampshire should not imply a federal tax result, and said the bill would remove that language and could also be amended to clarify that families should consult tax advisors. He emphasized that the measure was not intended to impose a state tax on EFAs, but to avoid giving inaccurate advice about possible federal tax liability.
Testimony was divided. A retired representative and a tax preparer both opposed the bill, saying EFA payments are already treated consistently with IRS rules and that the bill would create confusion, administrative burden, and possible tax consequences for low- and moderate-income families. They argued the bill is a solution in search of a problem and warned that requiring 1099s could add costs for the scholarship organization and recipients. A tax attorney supported the bill’s repeal of the state language, saying New Hampshire should not put tax advice into statute and that the current wording is inaccurate because federal law, not state law, controls taxability. He cited IRS Section 117 and Publication 970, explaining that only some scholarship-like payments are tax-free and that many EFA-eligible expenses may not qualify for federal exemption.
Members asked questions about what would be misleading, whether the bill was trying to tax EFAs, and the cost of issuing 1099s. The sponsor and witnesses repeatedly said the bill was not a state tax on voucher payments, but a clarification about federal tax treatment. No vote or final committee action was taken in the portion provided.
ND
North Dakota 2025-2026 Regular Session
Water Topics Overview Committee Mar 26th, 2026
Transcript Highlights:
- tax revenues deposited into the resources trust fund.
- 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.
Summary:
The Water Topics Overview Committee met with a quorum and received updates from the Department of Water Resources and the State Water Commission, followed by presentations from Deloitte on two legislative studies required by House Bill 1020. Director Reese Haas reviewed major project and budget updates, including the Northwest Area Water Supply and Southwest Pipeline projects, Resources Trust Fund balances, carryover spending, project prioritization, bid conditions, regional water system coverage, and department process improvements. Members also discussed how the commission prioritizes projects, maintenance expectations, and the impact of limited municipal water supply funding. No formal committee action was taken during the DWR update; the commission’s municipal funding decisions were described as pending its April 8 meeting.
Deloitte then presented the cost-share policy study, which found that under current policy and forecasted revenues, North Dakota faces an estimated $1.3 billion shortfall over 14 years, with a near-term gap of about $1.8 billion through 2031. The firm outlined seven recommended options, including tighter definitions and a 25% cost share for eligible replacement projects, caps and financing strategies for the Mouse River and Red River Valley projects, aligning cost share with commission priority guidance, delaying lower-priority projects, using available lines of credit, and adjusting reimbursement timing for revolving loan funds. Committee members questioned inflation assumptions, affordability, user fees, and the use of legacy fund earnings for bonding, but no decisions were made.
In the governance and finance study, Deloitte said final recommendations are still being refined, with a final report due May 29. The study examined the Southwest Pipeline, NAWS, and Red River Valley systems using governance and finance criteria such as decision authority, transparency, affordability, risk, and access to funding. For Southwest, Deloitte outlined options ranging from improved state-authority coordination to transferring ownership to the Southwest Water Authority; for NAWS, options focused on strengthening the authority’s role and potentially transitioning operations and maintenance; and for Red River, options ranged from enhanced facilitation to formal state oversight or state ownership. Members asked follow-up questions about ownership transfer, capital repayment streams, and why NAWS was not considered for transfer, and Deloitte said NAWS’s limited organizational maturity made that option less viable in the near term.
WA
Washington 2025-2026 Regular Session
House Consumer Protection & Business Dec 5th, 2025
Transcript Highlights:
- Trust is around 80% of the time.
- We have members who lose trust in the financial system.
- The ability to recover the funds is pretty slim. The ability to recover the funds is pretty slim.
- it that eventually funds that teacher training.
- it that eventually funds that teacher training.
Summary:
The committee began with a work session on the Joint Legislative Audit and Review Committee’s cannabis market study, presented by JLARC staff member Susanna Pratt. The report found Washington’s cannabis production in 2023 was likely two to three times higher than retail sales, with production estimated at 292,000 to 443,000 pounds of THC versus 139,000 pounds sold. Pratt explained that canopy data are inconsistent and that the Liquor and Cannabis Board’s traceability system is incomplete and unreliable, limiting data-driven regulation, tax verification, recall tracking, and diversion enforcement. JLARC recommended that LCB submit a plan by the end of 2025 for obtaining accurate licensee data by the end of 2026; LCB partially concurred and said a 2027 timeline may be more realistic. JLARC also concluded that the social equity producer licenses would likely have only a minimal effect on statewide production capacity, and suggested the legislature consider broader ways to increase equity in the industry. Members asked about the slow issuance of social equity licenses and about comparable traceability systems in other states.
The committee then heard a series of presentations on fraud and scam prevention. Paul Benda of the American Bankers Association described the scale of fraud losses, the role of telecom spoofing, social media scam ads, SIM farms, and crypto ATMs, and argued for a shared-responsibility approach involving banks, telecoms, and platforms. Katie Clark of IQ Credit Union described member-to-member fraud, romance scams, and the operational and financial impacts on credit unions, and recommended better information sharing, safe harbors for returning scam-related funds, and stronger fraud education. Kyle Innes of SIFMA highlighted investor fraud and Washington’s 2009 report-and-hold law, which he said helped shape similar protections in most states, and emphasized the need for better communication among financial firms, APS, and law enforcement.
Brian Gerard and Ali Higgs from the Department of Financial Institutions discussed “pig butchering” and other investment scams, focusing on how scammers build trust through social media, dating apps, fake websites, and crypto schemes before extracting funds. Across the fraud presentations, witnesses repeatedly stressed consumer education, interagency information sharing, and stronger controls on telecom, social media, and crypto ATM activity. Members asked about model laws from other states, the role of financial education in schools, and whether crypto ATMs should be regulated or banned. No votes or formal committee actions were taken during the meeting.
NH
New Hampshire 2025 Regular Session
House Ways and Means (03/25/2025)
Transcript Highlights:
- fund and its contribution to the education trust fund?
- </c><00:35:08.839><c> fund</c><00:35:09.839><c> can</c> myself, the education trust fund can myself,
- </c> um the education trust fund still has as um the education trust fund still has as much<00:37:52.720
- </c><00:44:07.520><c> fund,</c> which goes to the education trust fund, which goes to the education trust
- <00:59:41.760><c> funds</c><00:59:42.000><c> by</c><00:59:42.160><c> $26</c> trust funds by $26 trust
Summary:
The hearing focused on House Bill 302, which would allow the state treasurer to invest public funds in precious metals and digital assets. The sponsor was not present, so Representative Urs introduced the bill briefly and said he did not know much about it. No one from the Treasury Department testified, and members repeatedly noted the treasurer’s absence.
Susan Elme testified against the bill, arguing that these investments are highly volatile and contrary to the treasury’s duty to remain stable and liquid. She said the bill should be killed. In questioning, she estimated the 5% cap in the bill would amount to roughly $10 million, depending on available funds, and said such investing would be more appropriate for an individual day trader than for the state treasury.
Members also discussed prior legislative experience with Bitcoin-related proposals and raised concerns about whether the treasury had the staff expertise to manage commodity or digital asset investing. The committee did not take a final vote; instead, it agreed to hold a work session and seek additional information from the treasurer, with a plan to revisit the bill on April 1.
MN
Transcript Highlights:
- Families lose trust.
- Families lose trust.
- Families lose trust.
- Trust is earned, not given. I gave you trust, the school, the teachers.
- </c> trust the teachers trust I was there trust the teachers trust I was there every<01:25:33.840><c>
Committee:
House Education Policy
ND
North Dakota 2026 1st Special Session
Water Topics Overview Committee Jun 10th, 2026 at 09:00 am
Water Topics Overview Committee
Transcript Highlights:
- So as a reminder, all of our funding comes from the Resources Trust Fund, where it receives its funding
- In the Resources Trust Fund, there are other streams.
- from the Resources Trust Fund.
- And then delaying the resources trust fund reimbursement of water infrastructure revolving loan fund,
- that has the level of Resource Trust Fund.
Committee:
Joint Water Topics Overview Committee
ID
Idaho 2026 Regular Session
Agenda Jan 29th, 2026
Transcript Highlights:
- Trust fund. Now, Mr.
- I'm the executive director of the Idaho Children's Trust Fund.
- The trust fund, okay, I have this clicker, don't I? Okay.
- So committee, we received a budget for the trust fund. It's on the bottom of your packet.
- That's why we're a trust fund. And then we get the interest that comes out of that.
Summary:
The committee met to hear presentations on possible uses of temporary Millennium Fund dollars for youth- and family-focused prevention programs. Members first approved the prior meeting minutes, then heard from the Idaho Children’s Trust Fund, which requested $682,000 for mid-sized grants to community organizations for child abuse prevention, parenting support, family resource centers, and school-based programs. The presenter emphasized the link between adverse childhood experiences and later substance use, and described the fund’s statewide grant-making process and current projects. Committee members asked about grant selection, funding sources, and how families are identified for services.
The committee also heard from Children’s Bridge, which requested $3.5 million over four years to build a shared-services infrastructure for child care providers. The proposal focused on helping providers stabilize their businesses through software, coaching, shared purchasing, bookkeeping, and access to benefits such as health insurance and retirement plans. The presenter argued that child care is part of Idaho’s prevention infrastructure and said the model would transition toward earned income and employer support over time. Members asked about similar programs, infrastructure, and how the model would be sustained after 2029.
Idaho Safety Assessment Centers requested $1 million to support 12 youth assessment centers that divert youth from court, ERs, and school discipline into screening, counseling, and family support. The presenter cited individual success stories and said the centers served more than 12,000 youth in a year, with an estimated return of more than $3 in benefits for every dollar invested. The committee also heard from the Idaho Network of Children’s Advocacy Centers, which requested $3 million in one-time bridge funding for 10 centers that conduct forensic interviews and coordinate child abuse investigations; members asked about coordination with state agencies and sustainability. Ross Edmunds of the Department of Health and Welfare requested $150,000 for a 10th recovery community center in Kamiah, explaining that the department already oversees nine centers through quarterly payments and reporting requirements. Finally, Representative Jordan Redman proposed a $5 million statewide drug-use awareness campaign using research, surveys, and targeted media buys; he said the campaign would be evaluated through impressions, reach, and frequency. No decisions were made, and the chair said the committee would return later to continue reviewing the requests, noting the fund is one-time money and that the governor’s recommendations and a $25 million request reduce the amount available.
NM
New Mexico 2025 Regular Session
IC - Legislative Education Study Sep 4th, 2025
Transcript Highlights:
- that either goes to the early childhood trust fund or the behavioral health or Medicaid trust funds.
- They are the GROW Fund, which is actively being spent, and the Behavioral Health Trust Fund, which is
- There have been considerable discussions about the trust funds.
- funds, or do we continue to build on the trust funds for the future?
- And let me couple that with the same for the other trust funds.
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Aug 21st, 2025
Transcript Highlights:
- Especially given your recent efforts to supplement funding to the Water Trust Board in particular to
- So, the Water Trust Board, which administers and awards funds from the Water Project Fund.
- A number of different project types are eligible for funding through the Water Trust Board, but they
- So the Water Trust Board, because they were Require legislative authorization of the projects they fund
- As well as projects administered by the Mortgage Finance Authority through the Housing Trust Fund, which
WA
Washington 2025-2026 Regular Session
House Housing Dec 4th, 2025
Transcript Highlights:
- known as the 1406 sales tax fund.
- way that you have to Tetris the funding and get funding.
- So this funding that we have awarded is partially the subsidy funding.
- The funding that was started in 2019 is subsidy funding, and it's rapid.
- If we had to wait for housing trust fund dollars or any other traditional grant, that's 12 months out
Summary:
The committee met for work sessions on land banking/shared homeownership and on maximizing existing housing stock. Members first heard an overview from Commerce on alternative homeownership models, including community land trusts, limited equity cooperatives, condominiums, accessory dwelling units, middle housing, church land for housing, and public land transfers. The discussion focused on how these models can help households build equity while keeping housing permanently affordable. Committee members asked about statewide counts of co-ops and land trusts, and Commerce said it does not track all of those entities directly.
Pierce County staff then described the Pierce County Community Development Corporation’s rapid acquisition fund and its role in acquiring, holding, and transferring public land for affordable housing. They said the county used general fund and affordable housing sales tax dollars to buy properties, preserve a manufactured home park through resident ownership, and create a pipeline of sites for future development. Members asked about the advantages of a public development authority, funding sources, the use of surplus and underutilized public property, and how the model works with housing authorities. Spokane land bank staff followed with testimony that land banks can reduce blight, preserve affordability, and help nonprofits acquire land quickly, but that holding costs and taxes can make the work harder without state support. They also described brownfield assessments, donated properties, and work on Black homeownership and public surplus properties.
The committee then heard from the Northwest Cooperative Development Center on limited equity cooperatives, especially in manufactured housing communities. The witness said Washington now has about 43 limited equity co-ops and that recent subsidy funding and legislation have accelerated resident purchases of manufactured home communities. Members asked how residents benefit from capped equity, how values are affected, and whether the model improves access to lending; the witness said the model stabilizes costs, allows modest equity gains, and that a recent law allowing manufactured homes in co-ops to be titled as real property should improve access to traditional financing. The committee also discussed House Bill 1974 from the prior session and possible updates to land banking legislation.
In the second work session on maximizing existing housing stock, Commerce reviewed recent housing laws and implementation timelines, including ADUs, middle housing, condo liability reform, SEPA changes, tiny homes, and co-living. Members raised concerns about the long implementation horizon, vacancy data, corporate ownership of homes, and the need for better support for small landlords and first-time ADU owners. Sightline then testified on mobile dwelling units, arguing that RVs, tiny houses on wheels, and similar units are a low-cost, quick-to-install housing option that is often blocked by zoning; the witness said many Washington residents already live in these units, often informally. Finally, AARP discussed housing options for older adults, including ADUs, missing middle, manufactured home communities, co-living, universal design, and village-style support models, emphasizing aging in place and the need for more accessible, affordable housing choices.