Video & Transcript : 'trust funds' :

Page 69 of 500
NH

New Hampshire 2025 Regular Session

Senate Finance (05/30/2025)

Finance

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
Keywords: 1191, senate, all
CA
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
Keywords: 987, senate, all
TX

Texas 89th Regular

Economic Development Apr 7th, 2025

Economic Development

Transcript Highlights:
  • The Events Trust Funds are three funds that are used to attract various types of events to the state
  • The Events Trust Funds are three funds that are used to attract various types of events to the state
  • Trust Fund.
  • We are already participating in one of the other funds that operates the event trust fund and view this
  • We're already participating in the event trust fund.
Summary: The committee heard a series of bills, mostly related to economic development, tax incentives, and workforce programs. Senate Bill 1534 would direct a study by the Texas Higher Education Coordinating Board and the Texas Workforce Commission on health physics education and workforce needs; resource witnesses from the Workforce Commission and Coordinating Board testified, and the bill was left pending. Senate Bill 1553 would authorize Kerr County to impose a hotel occupancy tax for tourism-related uses, and Senate Bills 1086 and 1087 would authorize similar county hotel taxes for Children’s County and Mason County; all three bills received supportive testimony and were left pending. The committee also heard Senate Bill 1754, which would prohibit county and local tax abatements for renewable energy facilities selling power wholesale, with testimony sharply divided between landowners and policy groups opposing renewable subsidies and industry representatives and some senators arguing the bill would harm clean energy investment and local decision-making; the bill was left pending. The committee then heard Senate Bill 2322, which would exempt dispatchable electric generation facilities from the JEDI program’s compelling-factor test so they could qualify for school district tax incentives; testimony was mixed, and the bill was left pending. Later, the committee heard Senate Bill 1718, which would add the NRA annual meeting to the state’s major events reimbursement program. The bill’s sponsor and NRA representatives argued the event brings substantial tourism and economic activity, while opponents said it would use taxpayer funds to subsidize an organization that opposes gun safety measures; the bill was left pending. Senate Bill 2004 would add the Arlington Grand Prix to the major events reimbursement program, with the committee substitute exempting it from the usual competitive site-selection requirement because of timing; testimony from the event organizers and Arlington tourism officials was supportive, and the bill was left pending. Senate Bill 2448 would create a rural workforce development grant program at the Texas Workforce Commission to support college-and-career readiness and technical assistance in rural communities; witnesses from Texas 2036, Collegiate Edgination, and a rural school district supported it, and it was left pending. Finally, Senate Bill 913 would repeal a special requirement that Alpine dedicate at least 50% of its hotel occupancy tax to advertising and promotion, and Senate Bill 1143 would require more coordination and reporting for youth workforce programs serving disconnected young Texans; both bills received supportive testimony and were left pending. At the end of the hearing, Senator Johnson moved that the committee stand in recess, subject to the call of the chair.
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.
Keywords: 916, all
AZ
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.
Keywords: 1182, all
AZ
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.
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.
Keywords: 1183, house
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
Keywords: 1189, house, all
CA
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.
CA

California 2025-2026 Regular Session

Assembly Budget Committee Sep 11th, 2025

Budget

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
Keywords: 988, house, all
LA

Louisiana 2026 Regular Session

Appropriations Mar 30th, 2026

Appropriations

Transcript Highlights:
  • And if you don't lift the cap, the money right now just goes into the fund, the environmental trust fund
  • And if you don't lift the cap, the money right now just goes into the fund, the environmental trust fund
  • I'm trying to understand the difference between this and the Environmental Trust Fund account.
  • It goes to the Environmental Trust Fund? That's correct. Okay.
  • Does other things go into the Environmental Trust Fund, too? Or is it dependent on this?
Bills: HB27 , HB290 , HB308 , HB311 , HB382 , HB417 , HB575 , HB755 , HB980
OK
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
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
Keywords: 987, senate, all
AL

Alabama 2025 Regular Session

Alabama House Ways and Means Education Committee Feb 19th, 2025

Ways and Means Education

Transcript Highlights:
  • I'm actually trying to get some answers on the funding. I have no idea about the funding.
  • So how are we funded? So how are we funded?
  • So that trust was created in, I think, 2007 to help pre-fund retiree healthcare.
  • put in the trust.
  • There's never been any direct funding from the legislature, so it was funded by two one-time transfers
Bills: HB205 , HB226 , HB234
CA
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
Keywords: 988, house, all
NM
Transcript Highlights:
  • And I still think we need a transportation trust fund.
  • So this proposes the creation of a transportation trust fund and a transportation program fund.
  • up a new trust fund.
  • So this proposes the creation of a transportation trust fund and a transportation program fund.
  • up a new trust fund.
Keywords: 996, all
Summary: The committee first took up HB 322, which would create a transportation trust fund and transportation program fund. The sponsor offered and the committee adopted an amendment striking the section that would have imposed a 1% gross receipts tax on electricity sales. After a recap of the bill’s remaining provisions, including a $400 million seed amount and future transfers from motor vehicle excise tax revenue, the committee heard brief support from Associated Contractors of New Mexico and the Asphalt Pavement Association and no opposition. The amended bill then passed on a roll-call vote. The committee then heard HB 270, a public works/apprenticeship bill that would require contributions to approved apprenticeship and training programs or to the Public Works Apprentice and Training Fund for public works construction projects, while eliminating an exemption for certain road, highway, utility, and maintenance work. Supporters, including union carpenters, electrical workers, the building trades council, and apprenticeship advocates, argued the bill would expand training, help address labor shortages, and provide a return on public investment. Opponents from utility contractors, highway contractors, and Associated Contractors of New Mexico said they already operate federally approved in-house training programs, warned the bill would raise project costs, and argued some trades have no accessible approved programs. Members questioned how the bill would interact with existing in-house programs, whether rural contractors and nonunion firms would be affected, and whether the state-approved fund and federal highway training requirements could conflict. A proposed amendment to exempt projects of $50 million or less was introduced but tabled. After extensive debate, the committee voted 6-5 to pass HB 270. The meeting also included discussion of a prior procedural error in which HB 270 had been heard before being properly assigned, which the chair said rendered that earlier action void. At the end of the meeting, the committee received a brief New Mexico Department of Transportation District 3 presentation on district projects, budget, and construction status.
MN

Minnesota 2025-2026 Regular Session

Committee on Finance - 03/04/25

Finance

Transcript Highlights:
  • from the Environment and Natural Resources Trust Fund.
  • c><00:02:22.120><c> the</c> absent the trust fund is one of the absent the trust fund is one of the broadest
  • </c><00:03:08.840><c> every</c> trust fund will directly benefit every trust fund will directly benefit
  • </c><00:08:58.440><c> for</c> resources trust fund or enf enerf for resources trust fund or enf enerf
  • </c><01:07:15.200><c> fund</c> November the environmental trust fund November the environmental trust
Committee: Senate Finance
Keywords: 1187, senate, all
FL

Florida 2025 Regular Session

January 15, 2025 - 03:30 PM

Transcript Highlights:
  • We're self-funding. We get all of our revenue from trust funds.
  • The trust fund is funded through fees paid by the utilities that we regulate, collected biannually based
  • through a PERC Trust Fund.
  • The Commission is funded by both general revenue and trust fund dollars.
  • The Commission is funded by both general revenue and trust fund dollars.
Summary: The State Administration Budget Subcommittee met for an introductory overview of the agencies under its jurisdiction and their current-year budgets. Chair Vicki Lopez welcomed members and staff, and each member briefly introduced themselves and identified areas of interest, with recurring themes including fiscal restraint, insurance regulation, revenue administration, condominium issues, and government efficiency. The chair then outlined the subcommittee’s overall budget, about $3.1 billion, and noted major recent policy areas affecting the budget such as condominium legislation and emergency communications funding. Agency heads then presented high-level summaries of their missions and budgets. The Department of Revenue described property tax oversight, tax administration, and child support enforcement; the Department of Management Services reviewed state purchasing, telecommunications, fleet, state insurance, retirement, and digital services; DBPR highlighted licensing, enforcement, condominiums, and building code work; DFS covered insurance consumer services, risk management, unclaimed property, fire marshal functions, and criminal investigations; the Gaming Control Commission discussed pari-mutuel and tribal gaming oversight and enforcement; OIR explained insurer solvency and rate review; the Lottery emphasized education funding and record sales; OFR described regulation of banking, securities, lending, and money services; DOAH outlined administrative and workers’ compensation adjudication; PSC covered utility rate regulation and consumer complaints; PERC described labor relations and career service appeals; and FCHR summarized discrimination complaint investigations and outreach. Several members asked questions about utility returns, insurance regulation staffing, DMS’s state employee health plan deficit and prescription drug formulary management, agency recommendations for reducing regulatory burden, and state facilities usage. Responses generally emphasized that utility rates and insurer filings are determined through evidentiary and actuarial processes, that OIR has reduced vacancies but still seeks specialized staff and a Tampa office expansion, and that DMS acknowledged rising health plan costs and said the issue likely requires broader budget-level discussion. The chair also pressed multiple presenters to stay focused on agency operations and budgets rather than broader policy issues. No votes or formal actions were taken in the meeting.
CA

California 2025-2026 Regular Session

Assembly Elections Committee Apr 15th, 2026

Transcript Highlights:
  • Trust that our elected officials have the best interest of their communities at heart, trust that they
  • You know, that's a violation of the public trust.
  • In doing so, this bill will further the public trust in government and ensure public funds do not go
  • And it's about responsible use of public funds.
  • Trust me, people are not going to work.
Summary: The Assembly Elections Committee met as a subcommittee until quorum was established, then heard a series of election- and public-trust-related bills. Early items included AB 2592, which would move lobbyist training from legislative ethics committees to the FPPC starting in 2029 and make it available online on demand; it drew support from the FPPC and an oppose-unless-amended request to make the training public and ensure lobbyists pay fees. AB 2573 would refine California’s confidential voter registration protections for candidates and elected officials, with support from the Secretary of State and county election officials after amendments narrowed some family-member coverage. AB 2753 would bar registered sex offenders from running for or holding local or state office; it prompted extended debate about public trust, second chances, and where to draw the line, but was ultimately advanced on a 5-0 vote with one member not voting. AB 2691 similarly would expand disqualifying felony convictions to include sexual assault and human trafficking, and it also passed 5-0 after testimony from victim advocates and discussion about survivors, restorative justice, and the power dynamics involved in public office. The committee also advanced AB 2413, which would prohibit public funds from being used for large-format ads featuring elected officials, and AB 2281, which would direct the Office of Election Cybersecurity to assess replacement resources after federal cybersecurity support cuts and allow consultation with academic researchers. AB 1664 would require local election officials to notify the Secretary of State and Attorney General within one business day of warrants, subpoenas, or investigations involving election records or voting systems; supporters said it would help the state respond quickly to improper seizure of election materials, and it passed 5-0. AB 2484, concerning San Diego MTS, would let voters authorize a local sales tax initiative for transit funding and exempt it from an existing cap; it drew support from transit leaders and labor, opposition from the Realtors, and a lengthy exchange over Prop. 13, Prop. 218, and whether the measure created a special deal, before passing 6-1. The committee then heard AB 2230, which would create buffer zones around voting centers and child care facilities to keep immigration enforcement away from those locations. The author said the bill was meant to reduce fear and intimidation for voters and families, while the opposition argued it was unenforceable, lacked evidence of a problem, and would interfere with federal officers doing their jobs. Members supporting the bill cited reported ICE profiling and intimidation in California communities, while others raised jurisdictional and practical concerns. The transcript ends during this debate, with no final vote shown for AB 2230.