Video & Transcript : 'index mutual fund' :

Page 69 of 500
CA
Transcript Highlights:
  • Three percent of what they collect Funds local fire and police departments and schools.
  • So again, inflation would have caused the producer price index to go up 9%, but the consumer price index
  • Okay, and then on an ongoing basis, what funds the service fees?
  • Chair Valencia and members, thank you for the opportunity to Action Fund.
  • My name is Dennis Porter, and I'm the CEO and co-founder of Satoshi Action Fund, which is a U.S.
Summary: The Assembly Banking and Finance Committee heard several bills, beginning with AB 407, which would expand the California Pollution Control Financing Authority. The author said the measure would increase flexibility and access to resources, and the bill was approved 7-0 and sent to the Committee on Local Government. The committee also adopted the consent calendar, which included AB 76, by a 7-0 vote. A lengthy portion of the meeting focused on AB 1065, which would prohibit swipe fees on the sales tax portion of credit card transactions. Supporters, including small business owners, restaurant and grocery representatives, and a payments-policy expert, argued the bill would reduce costs for merchants and consumers and rein in dominant card networks. Opponents, including banks, credit unions, and payment industry groups, argued the bill is likely preempted by federal law, would be difficult to implement, and could disproportionately affect community banks and credit unions. After extensive questioning about preemption, fraud, implementation, and consumer impacts, the committee rejected the bill on a 6-0 vote, but then granted reconsideration by a 7-1 vote. The committee then heard AB 1365, which would create the Cal Account Program, a zero-fee, zero-penalty state banking account for unbanked and underbanked Californians. Supporters said the program would help low-income households, survivors of abuse, and others facing barriers to traditional banking, while opponents from community banks and credit unions argued existing low-cost accounts and the Bank On program already address the need and raised concerns about cost, feasibility, and duplication. The bill advanced on a 6-0 vote and later received enough votes on the reopened roll to move forward to the Committee on Labor and Employment. The committee also approved AB 1052, which would create a legal framework for digital assets and address unclaimed digital property and restrictions on public officials issuing or promoting digital assets, and AB 1180, which would create a pilot program for paying state fees with digital financial assets and require a report on broader adoption. Both bills passed with broad support after brief testimony and discussion. Final roll calls later confirmed AB 1052 and AB 1180, along with AB 407 and AB 1365, were moved out of committee.
FL

Florida 2026 Regular Session

Children, Families, and Elder Affairs Jan 12th, 2026

Children, Families, and Elder Affairs

Transcript Highlights:
  • Even though House Bill 7089's funding model was not implemented, it's important to note that the funding
  • Even though House Bill's 7089 funding model was not implemented, it's important to note that the funding
  • Funding model results.
  • And the funding, this would help them address that.
  • And the funding, this would help them address that.
Bills: S0042 , S0578 , S0624 , S7018
Summary: The committee met with a quorum and first heard SB 624, which would codify DCF’s current practice of allowing batterers intervention programs to offer supplemental faith-based activities so long as participation is voluntary. The bill drew support from faith-based and family organizations, which argued it would restore access to effective rehabilitation options and remove discriminatory barriers. SB 624 was reported favorably after a roll call vote. The committee then heard SB 42, which would require child protective investigators and child protection teams to rely on qualified medical professionals when a child has a documented pre-existing diagnosis or when a parent requests an exam, and would require clearer notice to parents and custodians at the start of an investigation. Testimony overwhelmingly came from parents, advocates, and disability rights representatives describing cases in which medically complex children were allegedly misdiagnosed as abuse victims and families were separated unnecessarily. Members expressed sympathy and support, and SB 42 was reported favorably. Next, the committee considered CS/SB 578, creating an Alzheimer’s disease awareness initiative within the Department of Elder Affairs to promote early detection, brain health education, research updates, and clinical trial awareness, with outreach focused on older adults and at-risk populations. An amendment was adopted to place the campaign within the Alzheimer’s Disease Initiative. A caregiver testified about the need for public education and early diagnosis, and the bill was reported favorably. The committee also took up SPB 7018, a committee bill on child welfare that would extend the definition of “visitor” for foster homes to reduce repeated background checks, make the Step Into Success foster youth workforce pilot permanent and statewide, and create a program through the Florida Institute for Child Welfare to catalog best practices among community-based care lead agencies. The bill was approved as a committee bill and reported favorably. Finally, the Department of Children and Families presented its 2025-26 final funding methodology and rates report for community-based care. Members questioned the proposed tiered model, including insurance costs, risk corridors, prevention funding, performance measures, and regional funding disparities. No vote was taken on the presentation, but members discussed the possible need for follow-up legislation and additional stakeholder input.
FL

Florida 2025 Regular Session

January 15, 2025 - 09:00 AM

Transcript Highlights:
  • The FRS pension fund is the fifth largest public pension fund in the United States, with a current funded
  • ratio of 80.7 percent, which is considered a healthy funded status for public pension funds.
  • So our fund managers, we communicate to our fund managers what our list of covered securities are that
  • Markets overall index is right there.
  • We partner with fund managers.
Summary: The Government Operations Subcommittee met with a quorum and began with member introductions and remarks from the chair emphasizing the committee’s focus on government efficiency, accountability, and oversight of executive branch agencies. Members shared their districts and backgrounds, with several noting hurricane recovery in their communities and a shared interest in reducing bureaucracy and improving service to Floridians. The committee’s only presentation was from Chris Spencer, Executive Director of the State Board of Administration, who gave an overview of the SBA’s governance structure, investment responsibilities, and divestment policies. He explained the SBA’s management of more than $257 billion in assets, including the Florida Retirement System, the Florida Hurricane Catastrophe Fund, and Florida PRIME, and reviewed the Protecting Florida’s Investments Act restrictions covering Northern Ireland, Cuba, Venezuela, Israel, Sudan, Iran, and China. He also described the implementation of HB 7071, including the required divestment from direct holdings in Chinese companies, and said the SBA had reduced its direct Chinese holdings from 33 companies totaling over $172 million to 13 companies totaling about $64 million, with completion expected ahead of the September 1, 2025 deadline. Members asked detailed questions about the Israel boycott list, Morningstar and MSCI, how the SBA gathers information, whether Cuba’s federal designation changes affect Florida law, how companies are removed from scrutinized lists, and whether divestment timing could affect returns. Spencer said the SBA uses public and paid research sources, gives companies a 90-day cure period in some cases, and brings list changes to the trustees for approval. He also explained that the China benchmark change is intended to reduce passive exposure while still allowing active investment decisions, and said the PFIA restrictions have had a modestly positive overall effect on pension performance. The chair also asked about the Florida Retirement System funded ratio and the CAT Fund’s capacity; Spencer said the pension fund is at 80.7% funded, that actuarial assumptions are reviewed regularly, and that the CAT Fund currently has more than $10.5 billion in liquid claims-paying capacity and is expected to remain well positioned for hurricane losses. No votes were taken, and the meeting adjourned after the presentation and questions.
NM

New Mexico 2025 Regular Session

IC - Public School Capital Outlay Oversight Task Oct 10th, 2025

Public School Capital Outlay Oversight Task Force

Transcript Highlights:
  • Why are they not in a more affordable index?
  • If it's an index of 180, that's an 80% increase in cost since 2018.
  • We'd like that index because F.H.A. is the three and a half percent down.
  • I just want to talk about those funds that the buyer gets at closing.
  • That's kind of what they're for: to help fund that major public infrastructure.
MN

Minnesota 2025-2026 Regular Session

Committee on Human Services - 04/15/26

Human Services

Transcript Highlights:
  • </c> 6 through 8 show the the general fund 6 through 8 show the the general fund base<00:02:24.560><c
  • Um you can all agencies and all funds.
  • </c> general fund spending by 184.2 million. general fund spending by 184.2 million.
  • </c> of state tribal uh prevention funds of state tribal uh prevention funds change,<00:09:38.280><c>
  • </c> and loan forgiveness fund and loan forgiveness fund appropriations.<00:14:50.280><c> That</c><00
Keywords: 1187, senate, all
ID

Idaho 2026 Regular Session

Agenda Feb 24th, 2026

Education

Transcript Highlights:
  • The legislature in 2006 created a fund and funded the Public School Facilities Cooperative Fund with
  • So this fund started out with $50 million in it. There really were unused funds.
  • So we were able to fund that.
  • funds in that it provides for repayment of the funds from the districts.
  • And the repayment of the funds is based on the old bond levy equalization index.
Committee: Senate Education
Summary: The Senate Education Committee first approved unanimous-consent requests to print two RS measures, including RS 33-510, a resolution asking the Superintendent of Public Instruction to develop proposed school funding formula legislation, and RS 33-484. The committee then heard Senate Bill 1290, the PROM Act, which would let homeschool students voluntarily obtain a social access pass to attend certain school-sponsored social events such as dances and college fairs without enrolling in public school. Supporters said it would improve community integration and expand opportunities for homeschool families, while opponents from Homeschool Idaho argued it was unnecessary, could create administrative burdens, and might blur lines between homeschool and public-school systems. Committee members raised concerns about fees, liability, discipline, and whether the bill could be used for field trips or other activities; after discussion and proposed amendments, the bill was not advanced immediately but was held at the call of the chair for further work. The committee next considered House Bill 608, which clarifies and revises the school facilities cooperative funding program created to address unsafe school buildings. The sponsors explained that the bill streamlines prior law, adjusts when districts must run bonds before seeking state assistance, clarifies supervision and repayment provisions, and ensures unused funds can still be used for safety-related projects. No one testified against the bill, and it was sent to the Senate floor with a due-pass recommendation. House Bill 635 also passed with a due-pass recommendation; it requires the Professional Standards Commission to report complaints involving suspected criminal behavior to law enforcement while leaving its existing licensing and disciplinary role unchanged. Finally, the committee heard House Bill 636, which would allow school districts and charter schools to use remaining school district facility funds for lease-purchase agreements after bond and levy obligations are met. The sponsor and West Ada Superintendent Derek Bubb said the change would align the statute with existing facility-funding language, support debt reduction, and give districts more flexibility for future facility needs. The committee approved the bill and sent it to the Senate floor with a due-pass recommendation before adjourning and announcing the next meeting for Monday at 3 p.m.
MN
Transcript Highlights:
  • </c> most of the spending is a general fund most of the spending is a general fund though<00:12:29.519
  • </c> funding as well. funding as well.
  • Monahan, you want to the index?
  • Monahan, you want to the the index? Mr. Monahan, you want to the the index?
  • </c><00:19:56.720><c> from</c> um maybe talk us through the index from um maybe talk us through the index
Keywords: 918, senate, all
Summary: The joint hearing opened with chairs explaining that the program integrity omnibus bill is a combined draft assembled from individual member bills and governor proposals, many of which had already been heard in committee. Members emphasized the compressed end-of-session timeline, said the language was not yet ready for enactment, and invited continued revisions as the bill moves next to judiciary and finance. Several speakers stressed the need for bipartisan collaboration, while also warning that the Legislature must act this session on program integrity rather than defer reforms. The fiscal staff then walked through a spreadsheet showing the bill’s overall budget effects and major provisions. The package includes DHS proposals on transforming human services, market- and receipt-based rate reform, enhanced program and payment integrity, uniform service standards, nursing facility rate changes, ICS reforms, and a repeal/redesign of housing stabilization, along with child care assistance integrity and human services redesign items in DCYF. Staff highlighted that the bill combines multiple sources, including governor proposals and member bills, and noted several items that are also in the supplemental human services budget. Committee discussion focused heavily on prepayment review, remote supports, ICS, and provider accountability. Chairs said the bill would codify prepayment review with a 60-day notice requirement after providers were caught off guard by prior rollout, and that remote supports and ICS language were placeholders or under active debate. One member argued the system needs stronger standards but cautioned against harming compliant providers, while another urged the committee to learn from good providers and warned against repeating failed implementations. Staff also reviewed thematic indexes covering billing and service delivery oversight, EVV, administrative reform, licensing and background studies, provider enrollment, sanctions, and child care provider compliance training. No formal votes were taken in the portion provided. The hearing ended with staff beginning the index walkthrough and members indicating that posted amendments would be considered as the bill advances through the remaining committees.
KY

Kentucky 2026 Regular Session

House Standing Committee on Banking and Insurance (1-28-26)

Banking & Insurance

Transcript Highlights:
  • It's a mental health issue, not only that, but also a body mass index.
  • Um, yes, just a reminder that the body mass index is simply just a calculation of height and weight and
  • </c> only uh that but also a body mass index only uh that but also a body mass index and<00:08:02.560
  • has been used as a criteria uh in index has been used as a criteria uh in terms<00:08:08.400><c> of<
  • </c><00:09:01.200><c> as</c> and have a high uh body mass index as and have a high uh body mass index
OK
OK
Transcript Highlights:
  • This will ensure that there's more transparency and accountability on how taxpayer funds are being spent
Summary: The House convened, completed the roll call, heard an invocation from Chaplain Ronnie Wilson, and recited the Pledge of Allegiance led by Representative Alonzo Sandoval. The chamber also recognized the Doctor of the Day, Dr. Faulkner, and several guest groups in the galleries, including visitors from Ireland, ABATE, Darnaby Elementary student council members, and students from High Plains Technology. Members then considered several bills. HB 2979, directing the Department of Transportation to establish 45-mile-per-hour school zones on certain highways near schools, passed 85-0. HB 3790, a consumer protection measure allowing homeowners to cancel certain contracts within five business days, passed 82-0. HB 3142, an industry-request bill on liquefied petroleum gas that also drew questions about food truck permitting and inspection fees, passed 65-22. HB 3463, updating municipal audit procedures for small communities and codifying modern agreed-upon procedures, passed 89-0 and also received the required emergency vote. HB 4143, which raises the accident-reporting threshold from $300 to $3,000 before police involvement is required, passed by a large margin. The House also adopted a motion to suspend House Rule 4.4F to allow denim on the floor on specified dates in 2026, by a vote of 79-9. During announcements, members noted upcoming committee meetings, caucus events, and a devotional, and one member thanked colleagues for concern after a bus accident involving Elgin Public School students. The House then adjourned until Wednesday, March 4, 2026, at 1:30 p.m.
ND

North Dakota 2026 1st Special Session

Human Services Committee May 27th, 2026 at 09:00 am

Human Services

Transcript Highlights:
  • Yeah, one-time funding from the general fund. All right.
  • fund.
  • uses of funds.
  • fund costs.
  • And again, those funds were not included in any of the funding.
Keywords: 908, all
HI

Hawaii 2026 Regular Session

JHA Public Hearing - Thu Feb 19, 2026 @ 2:00 PM HST

Judiciary & Hawaiian Affairs

Transcript Highlights:
  • 01:41:20.000><c> navigators</c> legislation and funding court navigators legislation and funding court
  • So crime is real time crime index.
  • Um, this bill in section 9 creates a new fund, the convention center enterprise special fund.
  • Um, and that we would be appropriating the funds out of the special fund.
  • </c> the funds out of the special fund. the funds out of the special fund.
Keywords: 910, house, all
Summary: The House Committee on Judiciary and Hawaiian Affairs recessed briefly for a joint hearing, then reconvened and took up House Bill 2494, which would limit warrantless arrests for petty misdemeanors and violations, require officers to document arrest justification, expand citation-in-lieu-of-arrest use, and direct the Judiciary to create a standardized citation form. The chair also outlined hearing procedures and testimony time limits. Committee members later received an overview from the Policing Project about national trends in expanding citation use. Testimony was divided. Supporters, including the Office of Hawaiian Affairs, the Hawaii Correctional System Oversight Commission, the Office of the Public Defender, the ACLU of Hawaii, the Drug Policy Forum of Hawaii, and the Policing Project, argued the bill would reduce unnecessary arrests and pretrial detention, lessen jail overcrowding, save law enforcement time, and reduce harms such as job loss, housing instability, family disruption, and recidivism. They also said the bill preserves officer discretion through public-safety and flight-risk exceptions, and several supporters urged the committee to adopt a standardized citation form despite the Judiciary’s request for a delayed implementation date. Opposition came from the Department of the Attorney General, the Judiciary, county prosecutors, Honolulu Police Department, and other individuals. They argued the bill would unduly restrict law enforcement discretion, create administrative and data-processing problems, and make it harder to identify repeat or habitual offenders because of changes to citation information and fingerprinting. The Judiciary requested implementation no earlier than January 1, 2028 and said the citation form would need major changes. Opponents also warned the bill could increase litigation, suppress evidence, and not meaningfully reduce overcrowding because most jail populations are held on felony matters. The chair reported 14 testimonies in support, 21 in opposition, and one with comments; no vote or final action was taken in the portion provided.
ID

Idaho 2026 Regular Session

Agenda Feb 3rd, 2026

Transcript Highlights:
  • This legislation should have no negative impact on the general fund.
  • to the maintenance budgets of the state entities may have a positive future effect on the general fund
  • government of the state of Idaho to no more than the average percentage increase in the consumer price index
  • Now, if the consumer price index shows no average increase or decrease, the state entity maintenance
  • Any annual increase in the maintenance budget of a state entity may exceed the consumer price index restriction
Summary: The Senate Local Government and Taxation Committee met on February 3 and first considered RS 32989, the “Rogue Act,” sponsored by Senator Foreman. The proposal would limit annual increases in state agencies’ maintenance budgets to the average CPI-U increase for the western region, while allowing exceptions for exigent circumstances, federal mandates, and other operational needs. Foreman said the bill was intended to restrain government growth without harming agency flexibility or the general fund. During the print hearing, several senators expressed concern about moving the measure forward given current budget pressures and cuts affecting Medicaid, public schools, and infrastructure. Senator Rowe asked how the bill would affect state-mandated education support units and other required spending, and Foreman responded that the bill’s flexibility language was meant to avoid interfering with necessary services. The committee then voted on a motion to send RS 32989 to print; the motion passed with at least one recorded nay. The committee also approved the January 20 and January 22 minutes. It then heard from the Idaho State Tax Commission on administrative rule docket 35-0102-2501, a zero-based rewrite of sales and use tax rules that removed restatements of statute, reduced restrictive language, and cut the rules by about 46 percent, or roughly 33,800 words. Commissioners explained that examples had been moved online with hyperlinks in the rules, and senators asked about usability for practitioners and whether any substantive changes remained; the commission said the remaining rules were intended to be clearer and easier for taxpayers to follow. The committee unanimously approved the docket. At the end of the meeting, senators noted that House Bill 559, the tax conformity bill, had passed the House and would likely come to the committee later in the week. Members emphasized that prompt action would be needed so Idaho taxpayers and the Tax Commission could update forms and software and proceed with filing season.
ID

Idaho 2026 Regular Session

Agenda Feb 3rd, 2026

Local Government and Taxation

Transcript Highlights:
  • This legislation should have no negative impact on the general fund.
  • to the maintenance budgets of the state entities may have a positive future effect on the general fund
  • government of the state of Idaho to no more than the average percentage increase in the consumer price index
  • Now, if the consumer price index shows no average increase or decrease, the state entity maintenance
  • Any annual increase in the maintenance budget of a state entity may exceed the consumer price index restriction
Keywords: 989, all
MN

Minnesota 2025-2026 Regular Session

House Higher Education Finance and Policy Committee 4/16/26

Higher Education Finance and Policy

Transcript Highlights:
  • fund fund by<00:37:30.200><c> $131</c><00:37:31.240><c> million,</c><00:37:31.560><c> which</c><00:37
  • To clarify, I didn't mean that you didn't fund that the legislature didn't fund a little bit more, but
  • ,</c> the student aid index, the student aid index, what<00:41:01.160><c> we</c><00:41:01.280><c> are
  • . index. index.
  • or pass more funding.
Bills: HF4252
TX
Transcript Highlights:
  • Additionally, it takes funding.
  • Yes sir, we have maintenance funds and we also have safety funds as well.
  • also funded.
  • , they contribute funding.
  • Grant funding, as we all know, is dwindling. All the grant funding is dwindling.
Keywords: 1185, senate, all
TX
Transcript Highlights:
  • Additionally, it takes funding.
  • We have maintenance funds, and we also have category safety funds as well.
  • We looked heavily at our clean water and drinking water revolving funds to model this fund.
  • We typically fund those.
  • funded.
Summary: The meeting primarily focused on discussions around the recent floods in Texas, specifically addressing emergency preparedness, response coordination, and recovery efforts. Officials from various agencies provided testimonies on the challenges faced during the emergency, including issues with communication systems among first responders. Notably, the need for improved inter-agency communication and technology integration was emphasized, with recommendations for establishing regional communications units for better coordination during disasters. The audience included local government representatives and emergency management partners, who shared insights and experiences from the recent flooding events.