Video & Transcript : 'trust funds' :
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CA
California 2025-2026 Regular Session
Assembly Housing and Community Development Committee Apr 8th, 2026
Housing and Community Development
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 housing trust funds.
- Say they have an existing trust fund, but they want to explore creating a new type of loan program.
- So it could focus on expanding capacity of an existing trust fund as well as looking at the feasibility
Committee:
House Housing and Community Development
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Housing Jun 21st, 2026 at 01:00 pm
Joint Committee on Housing
Transcript Highlights:
- what typical state funds and local CPA funds can serve.
- what typical state funds and local CPA funds can serve.
- We also have a sole source Far beyond what typical state funds and local CPA funds can serve.
- The AFL-CIO created the Housing Investment Trusts to invest union pension funds into housing projects
- And there's also some funding bills, which... There's also some funding bills with Chairman Sierra.
Committee:
Joint Joint Committee on Housing
Summary:
The Joint Committee on Housing held its second introductory hearing to frame the session’s housing agenda. Chairs Cyr and Haggerty described the hearing as a chance to hear a wide range of perspectives on Massachusetts’ housing crisis, including underbuilding, zoning and permitting barriers, rising costs, and the need for both state and local action. The committee heard from court, municipal, advocacy, and regional housing leaders, with recurring themes of increasing supply, preserving existing housing, preventing displacement, and expanding resources for renters and homeowners.
Chief Justice Diana Horan of the Housing Court said the court is handling more than 40,000 new filings annually with only 15 judges, and estimated the court would need about 21 judges to meet demand. She described complications from RAFT-related stays, mental health and guardianship issues, aging housing stock, and the new eviction sealing law, which she said was being implemented smoothly but may require additional resources if filings continue to rise. The Massachusetts Municipal Association and MAPC emphasized that municipalities need flexibility, funding, and better tools such as MassWorks, Housing Works, H-DIP, 40R reforms, inclusionary zoning changes, and a local option transfer fee; they also said local control concerns and long permitting timelines remain major barriers. MAPC and others stressed that supply growth alone will not solve the crisis and urged continued support for subsidized housing, access to counsel, and modular/off-site construction.
Advocates and housing providers focused on displacement, preservation, and tenant protections. Homes for All Massachusetts and Mass Law Reform Institute called for rent stabilization, stronger tenant protections, foreclosure prevention, elimination of junk fees, continued funding for RAFT and HomeBASE, and expanded access to counsel. Mass Union of Public Housing Tenants said the state needs far more extremely low-income housing, more operating subsidy, and major investment to repair public housing, while also supporting tenant technical assistance during redevelopment. Franklin County’s housing authority warned that rural communities are being left out of many state programs and asked for a rural LIHTC set-aside, a permanent rural credit boost, and a review of housing choice programs. A Massachusetts Taxpayers Foundation researcher presented findings that communities that add housing generally see stronger municipal finances, and that housing growth can improve property tax and state aid outcomes.
Seasonal community representatives from Cape Cod, Martha’s Vineyard, and Nantucket described extreme affordability pressures and the need for tailored tools. Nantucket’s housing trust chair said the island has made progress through local funding, inclusionary zoning, and deed-restricted units, but still needs a real estate transfer fee and faster ways to preserve year-round housing. Across the hearing, members and witnesses repeatedly returned to the need for a mix of production, preservation, tenant protections, and local flexibility, rather than relying on any single policy solution.
MN
Minnesota 2025-2026 Regular Session
Committee on State and Local Government - 03/19/26
State and Local Government
Transcript Highlights:
- are often the corpus of this trust fund came from mining and timber sales, and from transfers the net
- are often the corpus of this trust fund came from mining and timber sales, and from transfers the net
- are often the corpus of this trust fund came from mining and timber sales, and from transfers the net
- Chair. of the trust fund dollars and if we can of the trust fund dollars and if we can I<01:31:15.000
- To clarify the question, Senator Bar, we have a fund, a school trust fund.
Committee:
Senate State and Local Government
FL
Florida 2026 4th Special Session
January 28, 2026 - 03:30 PM
Transcript Highlights:
- Schools should be a place of trust, safety, and learning.
- Schools should be a place of trust, safety, and learning.
- I went back to not funding, not doing state or federal funds to support groups advocating for diversity
- are not going to be funded.
- our teachers and fund our schools correctly.
Summary:
The Pre-K through 12 Budget Subcommittee took up CS for House Bill 1071, a broad education package described by the sponsor as updating transparency, parental rights, student safety, early learning accountability, scholarship oversight, and instructional program rules. The committee adopted two amendments without objection: one clarifying that Title I funds may be used for STEM programs, and another removing a prior provision related to canine dogs on school grounds. Members then questioned the bill’s provisions on student records transfers, instructional materials adoption and removal, educational emergency authority for low-performing schools, health education and a fetal development video, student-led organizations, FHSAA board language, lab schools, and rulemaking authority. The sponsor repeatedly said the bill was intended to improve accountability, keep education dollars focused on students, and give districts flexibility, while also noting that some issues would be addressed through future rulemaking or later amendments.
Public testimony was overwhelmingly opposed. Many speakers argued the bill was an omnibus measure that bundled unrelated policies together, making it hard for families and educators to understand or meaningfully comment on it. Opponents also said it would increase school-law enforcement coordination, chill immigrant and mixed-status families’ participation, restrict DEI-related and student-led organizations, and impose controversial health and embryology content on students. Supporters, including the Christian Family Coalition and Florida Citizens Alliance, backed the fetal development video and the bill’s parental rights and funding restrictions, saying the content should be medically accurate and that schools should not fund political advocacy. Several speakers urged the committee to break the bill into separate measures.
In debate, some members praised the sponsor’s responsiveness but said they would vote no because of constituent concerns, especially around DEI, the fetal development video, and local control. Others supported the bill, emphasizing rulemaking, educational emergency flexibility, EpiPen access, early learning changes, and evidence-based math instruction. The sponsor closed by reiterating support for the bill as amended, saying the law enforcement provision had been removed, the embryology content would be opt-out with posted materials, state funds should not support political advocacy, and the bill would help with safety, accountability, and student outcomes. The committee then voted on the bill after debate, with the sponsor indicating support and members stating their positions during closing discussion.
NM
New Mexico 2025 Regular Session
IC - Legislative Finance Aug 19th, 2025
Transcript Highlights:
- And that's even with the inclusion of a couple of new reserve funds, the Behavioral Health Trust Fund
- But maybe about 8% of it is in trust funds or other funds with missions different from reserves.
- and the Medicaid Trust Fund since we are now diverting some of that.
- So, you know, what is— is there any chance that the Behavioral Health Trust Fund or the Medicaid Trust
- Because a billion-dollar trust fund only spins off $50 million, and— I'm just...
HI
Transcript Highlights:
- ><c> uh</c><00:06:48.960><c> I</c><00:06:49.000><c> mean</c> are trust funded positions but uh I mean
- </c><00:10:54.639><c> funded</c> Fringe benefit cost for trust funded Fringe benefit cost for trust funded
- We're asking for trust fund monies: $830,000 in fiscal year 26 and $830,000 in fiscal year 27.
- </c><00:11:30.839><c> fund</c> for uh we're asking for again trust fund for uh we're asking for again
- </c><00:15:06.000><c> funded</c> uh but this is for a trust funded uh but this is for a trust funded
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
- I think you're the second person who's referenced this trust fund.
- appellate court trust fund?
- I'm one of the co-chairs of the Legal Services Trust Fund Commission.
Summary:
The committee heard budget and workload presentations from the Office of the State Public Defender, legal aid organizations, and the Judicial Branch. OSPD requested permanent funding for positions that had been temporarily funded to implement the Racial Justice Act, explaining that the work has become ongoing and now includes additional Supreme Court briefing, habeas proceedings, investigations, expert analysis, and data requests. The State Public Defender also presented the AB 625 public defense workload report, which found statewide staffing shortages, caseloads above recommended standards, and major gaps in investigators and support staff. Senators asked about racial bias claims, the volume of data requests, and the impact of Prop. 36, and OSPD said it would provide additional written information.
The legal aid panel asked for a $50 million increase to the Equal Access Fund, $20 million to restart homelessness prevention services, and $10 million for health care access work, while also supporting Access to Justice Commission requests for loan repayment assistance, immigrant family preparedness services, and innovation grants. Witnesses described legal aid as homelessness prevention and cited examples involving eviction defense, domestic violence survivors, and immigration detention cases. Los Angeles Superior Court Presiding Judge Sergio Tapia discussed eviction data, low tenant representation, and court pilots in Compton and at Stanley Mosk that combine mediation, rental assistance, and legal help. Senators asked for service maps, outreach materials, and more detail on funding needs and federal funding losses.
For the Judicial Branch overview, the Judicial Council and trial court representatives supported the Governor’s proposed budget, including $70 million for trial court operations, $21.7 million for employee health and retirement costs, and funding for appellate counsel, case processing, and courthouse construction. They said rising costs, staffing retention, and interpreter shortages continue to strain the courts, and described efforts to reallocate interpreter funds and recruit hard-to-find languages such as Mixteco. Senators pressed the branch and the Department of Finance on courthouse facilities, noting that the long-term need is far larger than the current budget proposal; Finance said the branch’s facility needs were estimated at about $22.5 billion over 10 years to start 68 projects and $29.4 billion to complete the remaining projects. The committee requested follow-up information on facilities, judgeships, and interpreter needs.
NH
Transcript Highlights:
- And we're going to go from current law of 41% to the education trust fund and 59% to the general fund
- We're going to change that to 35.5% to the education trust fund and 64.5% to the general fund.
- </c><00:14:13.040><c> care</c> the education trust fund are taken care the education trust fund are taken
- fund and um and 59% to the general trust fund and um and 59% to the general fund.<00:14:36.639><c> We're
- </c><00:15:09.360><c> fund</c> of surplus in the education trust fund of surplus in the education trust
Committee:
Senate Finance
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
- I think you're the second person who's referenced this trust fund.
- appellate court trust fund?
- Our information is that, to the Trust Fund Commission, because interest rates are going down, IOLTA funds
WY
Wyoming 2026 Regular Session
Select Natural Resource Funding Committee, January 12, 2026
Select Natural Resource Funding Committee
Transcript Highlights:
- </c> um, you know, our wildlife trust fund. um, you know, our wildlife trust fund.
- fund down there. um as as far as trust fund down there. um as as far as we've<00:37:08.160><c> made<
- And, um, you know, I just hope that we don't all think, well, 200 million in our trust fund, that's good
- And, um, you know, I just hope that we don't all think, well, 200 million in our trust fund, that's good
- </c> trust fund, that's that's good enough. trust fund, that's that's good enough.
NH
New Hampshire 2025 Regular Session
House Municipal and County Government (02/18/2025)
Municipal and County Government
Transcript Highlights:
- that county or state and land in trusts that receive<01:22:41.400><c> Public</c><01:22:41.639><c> Funding
- </c><01:40:50.679><c> so</c><01:40:50.920><c> my</c> trust sure I put it into trust so my trust sure
- </c> trust however you define what is a trust trust however you define what is a trust if<01:48:58.960
- Include land put in a trust? What kind of trust?
- </c><02:52:32.479><c> are</c> funds the charitable gaming funds are funds the charitable gaming funds
Committee:
House Municipal and County Government
MN
Minnesota 2025-2026 Regular Session
House Floor Session 4/24/25 - Part 2
Minnesota House Floor Meeting
Transcript Highlights:
- </c> those well, but this research funding those well, but this research funding does<00:19:52.640><c
- :35.919><c> for</c> we had the funding for we had the funding for that.<00:26:37.760><c> And</c><00:26
- It comes from their trust division.
- And what we have of the trust code.
- At least 35 other trust can exist.
CA
California 2025-2026 Regular Session
Assembly Select Committee on Child Care Costs Oct 15th, 2025
Transcript Highlights:
- It's a trusted environment. Absolutely. That's all about trust.
- They are trusted spaces.”
- They are trusted spaces.
- increased funding.
- increased funding.
Summary:
The hearing focused first on how wildfires and other disasters affect child care providers, families, and early education infrastructure. State officials from the Department of Social Services and Department of Education described disaster response and preparedness efforts, including shelter coordination, licensing outreach, emergency waivers, distribution of supplies, and the statewide child care disaster plan. Testimony from providers and advocates emphasized major gaps in recovery funding, insurance coverage, rebuilding support, mental health services, and coordination with local rebuild plans. Several witnesses urged more dedicated disaster-recovery funding for child care facilities and suggested statutory changes, including allowing greater flexibility for rebuilding costs and requiring early childhood programs to be included in local disaster planning.
The second panel addressed immigration enforcement and its impact on child care. Advocates from the Children's Partnership, Every Child California, and CHIRLA said enforcement activity is causing families to keep children home, disrupting continuity of care, reducing enrollment, and creating fear and trauma for children and providers. They argued that immigrant and mixed-status families need clearer protections, privacy safeguards, legal support, trauma-informed guidance, and safe-haven policies for child care settings. Speakers also stressed that the child care workforce is heavily immigrant and that recent state laws such as AB 49 and AB 495 will require funding, training, and technical assistance to implement effectively.
Public commenters, including child care providers, described personal experiences with fire damage, displacement, permit delays, lost income, and the emotional toll of serving families during crises. Others described how immigration enforcement has made parents afraid to attend events, drop off children, or remain connected to providers. Committee members repeatedly noted that child care is often overlooked in emergencies and asked state officials how child care systems are being integrated into disaster planning and how local and state agencies can better coordinate. No formal votes were taken during the hearing.
AZ
Arizona 2026 Regular Session
06/10/2026 - House Republican Caucus Calendar #25
Transcript Highlights:
- state home for veterans trust fund.
- Specifically, the bill creates the Health Insurance Trust Fund Oversight Board to approve changes to
- Specifically, the bill creates the Health Insurance Trust Fund Oversight Board to approve changes to
- You're referring to the Health Insurance Trust Fund Oversight Board, is that correct?
- I was referring to the Health Insurance Trust Fund Oversight Board. Yeah, the rural health.
AZ
Arizona 2026 Regular Session
06/10/2026 - House Republican Caucus Calendar #25
Transcript Highlights:
- State Home for Veterans Trust Fund.
- Trust Fund.
- Specifically, the bill creates the Health Insurance Trust Fund Oversight Board to approve changes to
- You're referring to the Health Insurance Trust Fund Oversight Board, is that correct?
- I was referring to the Health Insurance Trust Fund Oversight Board. Yeah, the rural health.
Summary:
The meeting covered a series of fiscal year 2027 budget and budget-related bills, beginning with the general appropriations and tax package. Staff and the chair highlighted a budget built around about $1.4 billion in tax cuts, a one-time 2.5% agency reduction, major funding for state employee health insurance, corrections, flood and wildfire relief, and other supplemental appropriations. The chair repeatedly urged support for the package, emphasizing the size of the tax cut and noting that the committee’s joint vote had only three no votes out of 28 members.
Members then reviewed several smaller budget implementation bills affecting racing and gambling, capital outlay, commerce and defense innovation, corrections, environment and water policy, higher education, human services, K-12 education, county finance, tax administration, state data governance, and state office rent rates. Key provisions included extending or modifying funds and fee structures, transferring surplus or unneeded monies, creating or revising oversight boards and pilot programs, increasing K-12 funding by 2% for inflation, adjusting university retention limits, expanding SNAP and housing-related requirements, and changing tax conformity and credits. Several members asked clarifying questions about specific items such as electric vehicle charging funds, mobile home relocation payments, university funding, and the new health insurance oversight board.
The chair also explained the tax bill’s major changes, including conformity to federal tax law, a larger dependent tax credit, changes to deductions, repeal of certain tax credits, veteran property tax relief, limits on data center tax incentives, and provisions affecting manufacturing infrastructure and unemployment insurance administration. The committee discussed the Budget Stabilization Fund, debt repayment, and education rollover balances, with the chair arguing for using surpluses to pay down debt. The final item discussed was a behavioral health bill creating a home and community-based services program for adults determined to be seriously mentally ill, with a stated FY 2027 total fund appropriation of $7.8 million contingent on federal approval and matching funds. The meeting ended with a reminder that floor action would begin the next day at 10 a.m.
CA
Transcript Highlights:
- to mitigate the state's CalFresh payment error rate, funds to support local food banks, and funds to
- It maintains funding for health, retirement, and training benefit trusts, and specifies that the MOU
- We normally fund hydrogen and electric medium and heavy-duty trucks and buses from these funds.
- has a sustainable funding source.
- I think that the trust is broken.
Committee:
House Budget
OK
Oklahoma 2026 Regular Session
Rules REVISION 5: Room Changed TO 450 Mar 5th, 2026
Transcript Highlights:
- On page six, C, if I can read above the change, the trust fund may be invested.
- Could you tell me how this is good for the corpus for the trust fund by putting that in there?
- My debate is about having this fund in this trust at all.
- Why do we want to raid this trust fund? Oklahoma has... ...over again. We do this.
- Why do we want to raid this trust fund?
Summary:
The committee heard and advanced a series of bills and resolutions, many involving taxes, education funding, health policy, and election rules. Representative Newton’s HB 1823, on the Oklahoma Housing Finance Agency’s home-building activities, passed 10-0. Speaker Hilbert’s HB 2425, which would align Oklahoma election dates more closely with Texas and move some elections to March, passed 9-2 after debate about turnout and accountability. HB 4440, requiring Medicaid work requirements to track federal law, passed 10-2 amid discussion of chronic unemployment and the limits of changing Medicaid expansion because it is in the Constitution. HJR 1087, a major proposal to restructure the T-SET tobacco settlement trust and redirect funds toward higher education and related uses, passed 12-0 after extensive debate over venture capital investing, public health spending, and whether the trust should be modernized.
The committee also took up several property-tax measures. HJR 1053 would create a revenue-neutral ad valorem framework, requiring local approval for increases beyond prior-year levels; it passed 9-2. HJR 1054 would exempt business inventory from ad valorem taxation, and after questions about scope and possible abuse it passed 9-2. HJR 1044 would lower the annual cap on growth in assessed value for homestead and agricultural property from 3% to 2%; it passed 9-2. HB 4145 would raise the homestead exemption from $1,000 to $7,000 and passed 9-1. HJR 1081 would freeze ad valorem taxes for qualifying seniors and passed 8-1. The committee also advanced HB 3891, a county commissioner pay bill, after title was struck and members discussed its impact on small counties; it passed 9-2.
Other measures included HB 1770, directing an elk population study by Oklahoma State University, which passed 11-0; HB 1675, requiring youth camps to complete site-specific hazardous assessments, which passed 11-0; HB 3627, allowing the State Committee of Blind Vendors to meet by video conference due to quorum issues, which passed 11-0; HB 3472, expanding tire-recycling fund eligibility, which passed 10-1; and HB 1225, barring changes to the biological sex designation on birth certificates, which passed 8-2 after debate over medical, legal, and equal-protection concerns. The committee also advanced HJR 1019, a heavily amended proposal concerning party nominations for general elections, after striking title and narrowing the scope to federal, state, and county races; it passed 8-1 with two not voting. HB 3462, updating plumbing licensing law and aligning exam standards with other trades, passed 9-0 after title was struck to accommodate further negotiations.
CA
California 2025-2026 Regular Session
Assembly Budget Committee Sep 11th, 2025
Transcript Highlights:
- to mitigate the state's CalFresh payment error rate, funds to support local food banks, and funds to
- Including funds to mitigate the state's CalFresh payment error rate, funds to support local food banks
- It maintains funding for health, retirement, and training benefit trusts.
- We normally fund hydrogen and electric medium- and heavy-duty trucks and buses from these funds.
- if we're not awarded funding?
Summary:
The Assembly Budget Committee held an informational hearing on the September budget package, which included SB 105 and a series of trailer bills covering health, human services, education, resources, child care, transportation, labor, public safety, housing, revenue, background checks, collective bargaining, and a special election. The Department of Finance described the package as largely technical and clarifying, but also responsive to state and federal changes, especially H.R. 1. Key items included roughly $3.3 billion in Proposition 4 climate and environmental spending, $540 million in discretionary greenhouse gas reduction funds, and major responses to H.R. 1 such as CalFresh error-rate mitigation, food bank support, and Medicaid-related changes. Other notable provisions included vaccine policy flexibility, an Abortion Access Fund, a gender-affirming care program, community college basic-needs and aid changes, CEQA and coastal permit exemptions tied to the 2028 Olympics, invasive mussel prevention funding, a civic media program, labor and pension-related provisions, and special election administration changes.
Members raised questions and concerns about several parts of the package. There was support for climate, water, transit, offshore wind, food security, and health investments, but also significant criticism of the lack of cleanup language for SB 131 and its advanced manufacturing exemptions, with multiple members saying promised fixes had not materialized and expressing concerns about tribal consultation, labor standards, and environmental protections. Members also questioned the scale and timing of some Proposition 4 allocations, including fairground upgrades, regional conveyance, and a UC Davis alternative protein research center. The Department of Finance said some programs would roll out over time and that certain funding levels reflected current implementation capacity.
The hearing also featured discussion of Bay Area transit financing, with Finance saying SB 105 directs the department and CalSTA to examine loan or other financing options rather than immediately providing loans. Members and public commenters also discussed the state’s response to H.R. 1, with advocates supporting food bank, health care, and immunization provisions while warning of ongoing harm to immigrants, foster youth, and other vulnerable groups. Public testimony broadly supported the health, food, water, offshore wind, and golden mussel provisions, while many speakers echoed legislative concerns about SB 131 and urged cleanup action in the next session. No votes were taken because the hearing was informational only, though the chair noted votes on the bills were expected later that night or the next morning.
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 5 on Corrections, Public Safety, Judiciary, Labor and Transportation Apr 23rd, 2026
Transcript Highlights:
- Issue number four is the Subsequent Injury Benefits Trust Fund.
- Issue number four is the Subsequent Injury Benefits Trust Fund, SIBTF, the trailer bill language, and
- I'm presenting on issue four, the Subsequent Injury Benefits Trust Fund trailer bill language.
- Disabled workers seeking benefits from the Subsequent Injuries Benefits Trust Fund, people like Ms.
- So we hope that you are able to continue the CWOP funding so that we can maintain our role as the trusted
CA
California 2025-2026 Regular Session
Assembly Select Committee on Community Economic Mobility and Investment Aug 5th, 2026
Transcript Highlights:
- Third, watch the base funding.
- In addition, funding from CASS?
- It's provided affordable housing funding, public transit money, and funding for small business.
- The funding for those went away.
- the CME funds being able to explore. unrestricted funds like we did with the CME funds being able to