Video & Transcript Research : 'revocable trust'
Page 70 of 455
NM
Transcript Highlights:
- They need to go to the Water Trust Board first.
- And so as I go to the Water Trust Board and say their projects, 20 million, 40 million.
- And whatever the number is, the Water Trust Board can determine, okay, can you phase it?
- The Water Trust Board is picking them. We're adding additional money.
- Your water projects, they started turning their applications over to the Water Trust Board.
WA
Transcript Highlights:
- trust fund, which is managed by the State Investment Board.
- Instead, the institutions pay all benefits while assets accumulate in the trust.
- trust fund, which is managed by the State Investment Board.
- Instead, the institutions pay all benefits while assets accumulate in the trust.
- So the institution. pay all benefits while assets accumulate in the trust.
Summary:
The Pension Funding Council met on June 23, 2026, for a work session that began with an overview of the Higher Education Supplemental Retirement Plan (SRP) and a 2025 accounting valuation of that plan. Staff explained that the SRP is a closed defined benefit supplement for higher education employees hired before the 2011 closure, with employer contributions currently pre-funding benefits in institution-specific trusts while institutions still pay benefits on a pay-as-you-go basis. The State Actuary’s office reported that the plan’s accounting position has improved, with combined market assets of about $245 million against $377 million in accrued liability, and that strong market performance since 2022 has increased the asset-to-liability ratio. The office emphasized that this was an educational accounting valuation, not a funding valuation for rate-setting.
The council then received the 2025 actuarial valuation report for the state retirement systems. Actuaries reviewed the recent demographic experience study, noting updated assumptions for mortality, retirement, termination, and salary growth, and said the net impact on most plans was small. They reported that most plans’ funded ratios improved, with all plans at least 94% funded and several at or above 100%, and that contribution rates for the 2027–2029 biennium are generally lower than current rates. They also noted that future rates could be affected by market volatility as deferred gains are recognized over the next few years. During public comment, a representative of the Association of Washington Cities urged the council to consider rate reductions to help local governments facing budget pressures.
In executive session, the council first approved a motion directing the Office of the State Actuary to perform an actuarial evaluation and analysis of each institution’s Higher Education Supplemental Retirement Plan, including institution-specific contribution rates, asset sufficiency, and funding policy options, due by July 1, 2028. The council then adopted the 2027–2029 pension contribution rates based on the 2025 actuarial valuation report. Both motions passed 5-0, with one member excused. The meeting concluded with no further business.
CO
Colorado 2026 Regular Session
Colorado Senate 2026 Legislative Day 023 Feb 6th, 2026
Colorado Senate Floor Meeting
Transcript Highlights:
- the folks who we should trust.
- the folks who we should trust.
- the folks who we should trust.
- trusting the folks who we should trust. trusting the folks who we should trust. we<00:30:56.159>
- trust that care. trust that care.
Summary:
The Senate convened with a quorum, approved the February 4, 2026 journal as corrected, and received several committee reports and bill status updates. Committee actions included favorable reports on Senate Bills 12, 13, 14, and 16, with some bills amended before being sent to the Committee of the Whole, and notice that Senate Bill 32 had been correctly engrossed and was ready for final passage. The chamber also laid over the general order second reading calendar until Friday, February 6, 2026.
The main floor action was final passage of Senate Bill 32, concerning the promotion of immunization access. Supporters argued the bill would help Colorado maintain a science-based vaccine policy, protect public health, and preserve pharmacists’ ability to provide vaccines amid concerns about federal instability. Several organizations were cited as endorsing the measure. The bill passed on a 20-12 vote.
The Senate also adopted Senate Joint Resolution 8, honoring Colorado’s 2026 Winter Olympians and Paralympians. Senators highlighted Colorado’s winter sports culture, training facilities, and the state’s many athletes competing in the Games, and one senator offered a tribute to a former Olympian in the chamber. The resolution passed unanimously, 32-0. In addition, the Senate confirmed governor’s appointments to the Department of Higher Education and the Private Occupational School Board on a 32-0 vote.
The meeting ended with announcements, including committee schedules and birthday recognition for Senator Zamora Wilson, followed by adjournment until Friday, February 6, 2026 at 9:00 a.m.
NM
New Mexico 2026 Regular Session
House - Appropriations and Finance Jan 21st, 2026
House Appropriations & Finance
Transcript Highlights:
- implicitly, just trusted to do that.
- Chair, is: what is the balance of the Early Childhood Trust Fund?
- From the state, 11.4 million, and that's from the trust fund.
- Health Trust Fund.
- Fund and are not diverted into the other two newly created trust funds.
Bills:
SB2
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.
- We've also heard stories of them losing trust in law enforcement.
- So it's befriending and building the trust with these victims.
- So it's befriending and building the trust with these victims.
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.
MN
Minnesota 2025 1st Special Session
House Floor Session 5/12/25 - Part 1
Minnesota House Floor Meeting
Transcript Highlights:
- And if not, we put it in the trust bag. We all trust for God.
- not, we put it in the trust not, we put it in the trust bag.<00:03:49.840>
We <00:03:50.080 - >
all <00:03:50.440>trust <00:03:51.440>for bag. - We all trust for bag.
- We have we have a trust and a God.
MN
Minnesota 2025-2026 Regular Session
House Floor Session - part 2 Apr 24th, 2025
Minnesota House Floor Meeting
Transcript Highlights:
- The trust code is one of the legislations, one of their bills, coming from their trust division.
- And just a brief history on the trust code in the state of Minnesota: a big overhaul of it.
- maximum duration for trusts.
- Additionally, this also clarifies the fiduciary responsibilities related to directed trusts.
- It increases the size of a trust, trust that can be terminated without a court proceeding.
VT
Vermont 2025-2026 Regular Session
Senate Session - 2026-05-19 - 11:55AM
Vermont Senate Floor Meeting
Transcript Highlights:
- And Vermonters should have the trust that we will do that.
- And Vermonters should have the trust that we will do that.
- And Vermonters should have the trust that we will do that.
- Um so I >> the trust that we will do that.
- And so I just trust the decade ago.
NM
New Mexico 2025 Regular Session
IC - Mortgage Finance Authority Act Oversight May 28th, 2025
Mortgage Finance Authority Act Oversight Committee
Transcript Highlights:
- Trust Fund and the Affordable Housing Act.
- Based housing assistance on Section 8 and some home and National Housing Trust fund programs.
- Um, so just a little bit of history of the New Mexico Housing Trust Fund.
- Outlines the housing trust fund framework.
- We were disappointed that there were no increases to the um New Mexico Housing Trust Fund.
ND
North Dakota 2026 1st Special Session
Water Topics Overview Committee Mar 26th, 2026 at 09:00 am
Water Topics Overview Committee
Transcript Highlights:
- As of March 10, the Resources Trust Fund balance was $414 million.
- Fund, $414 million in the Resources Trust Fund.
- An update on Resources Trust Fund revenue: this is as of February.
- Then we have the Environmental Trust, which comes off of lottery proceeds.
- The state money, of course, is the Natural Resources Trust Fund.
MN
Minnesota 2025-2026 Regular Session
House Public Safety Finance and Policy Committee 3/12/25 - Part 1
Public Safety Finance and Policy
Transcript Highlights:
- speak about Public Safety Trust speak about Public Safety Trust resources<00:48:57.319>
domestic - Community-based approaches designed to foster trust and safety.
- He said community trust is critical: when communities trust local government, especially local law enforcement
- that this bill uh breaks Community Trust that this bill uh breaks Community Trust it<01:27:17.840
- And if there is a logical answer, I don't know it. ...break down community trust.
NH
New Hampshire 2025 Regular Session
House Judiciary (02/19/2025)
Transcript Highlights:
- And trust me, I have a lot of experience with public restrooms, being an outdoor worker.
- me I have a lot of restrooms and trust me I have a lot of experience<01:52:29.679>
with <01:52 - Fortunately, we now have eight years of data to prove that we can be trusted, that we're not a threat
- to use a public bathroom that trusted to use a public bathroom that corresponds<02:06:42.440>
to< - <02:06:53.360>
that <02:06:53.520>we're can be trusted that we're can be trusted that
Summary:
The House Judiciary Committee opened a hearing on House Bill 148, which Rep. Jim Kofalt said is the same language as last year’s HB 396, vetoed by the governor. He described the bill as allowing, but not requiring, separation by biological sex in three areas: bathrooms and locker rooms, houses of correction, and certain athletic competitions. Kofalt argued the bill would give local school boards and other policymakers discretion to set practical rules, citing concerns about safety, privacy, and a Milford incident involving a biological male in girls’ locker rooms. Committee members pressed him on the lack of a definition of “biological sex,” and he said he did not think one was necessary because males and females are commonly understood. He also said the bill was meant to address situations where outside groups threaten lawsuits and leave local boards with no latitude.
Testimony then split sharply. Supporters, including Executive Counselor Karen Hill and several others, said HB 148 would roll back anti-discrimination protections, contradict New Hampshire’s “Live Free or Die” values, and harm transgender and non-binary people. Opponents described the bill as discriminatory and unnecessary, arguing that existing bathroom and sports policies already work and that the bill would invite harassment, invasive enforcement, and legal conflict. Several speakers, including trans residents and parents of trans children, said they had used public restrooms without incident and warned that enforcement would be impractical or abusive. One supporter argued the bill was needed to protect girls’ privacy and safety and cited school sports disputes and a concern about a sex offender at a game as examples of why sex-segregated rules should be restored.
Committee members asked questions about how biological sex would be defined, whether the bill was responding to real incidents in New Hampshire, and how any restrictions would be enforced. Kofalt said he was aware of issues in several school districts and at the State House, but did not have detailed documentation for every case. No vote or final action was taken in the portion of the hearing provided; the chair instead moved through public testimony under a strict two-minute limit and noted that follow-up questions would be limited so the committee could hear multiple bills that day.
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 086 Part 1fix Apr 10th, 2026
Colorado House Floor Meeting
Transcript Highlights:
- , law of every individual, estate, trust, law of every individual, estate, trust, and<01:47:41.520
- It's in a trust fund, the unclaimed property trust fund held in trust, private property.
- It's in a trust fund. The unclaimed property trust fund is held in trust, private property.
- Prop 123 or unclaimed trust funds to Prop 123 or unclaimed trust funds to balance<02:41:27.439>
the - and Wildlife Species Conservation Trust and Wildlife Species Conservation Trust Fund,<04:20:49.600>
Summary:
The House opened with the national anthem, the Pledge of Allegiance, and a roll call establishing a quorum. Members then approved the journal of April 8, 2026, and heard several introductions and tributes, including recognition of Home Education Day in Colorado, a welcome to Sigma Lambda Gamma members, and a reminder about an education luncheon. The chamber then recessed briefly before moving into second reading and floor consideration of bills.
The main substantive debate centered on House Bill 1357, which phases out the Teacher Recruitment Education and Preparation (TREP) program. Supporters said the program serves a relatively small number of students, costs more per student than community college alternatives, and should be wound down so limited state education dollars can go to core services and the school finance formula. Opponents argued the state had promised the program to students who planned their education around it, including some who turned down scholarships, and said the change would harm future teachers and should have been treated as a pause rather than an end. The House adopted an appropriations amendment (L003), withdrew a proposed substitute amendment (L005), and then passed HB 1357 as amended.
The House also passed House Bill 1358, which reduces the appropriation for the Colorado Academic Accelerator Grant Program by $5.2 million in general fund. The sponsor described it as a grant program supporting community learning centers and math/STEM enrichment, but said funding will end after the following fiscal year and the program must step down so families can seek other services. The bill was adopted without further opposition.
Finally, the House considered House Bill 1359, which redirects certain revenue from public school land natural resource removals to the state public school fund rather than the permanent fund, with projected transfers of $25 million in FY 2025-26 and $45 million in FY 2026-27. Supporters said the measure is needed to help balance the budget. An opponent raised concerns about impacts on a constituent ranch lease tied to a proposed green energy project, but the sponsor clarified the bill applies only to royalties and leases on state-owned public school lands. The House then adopted HB 1359.
NH
New Hampshire 2025 Regular Session
House Ways and Means (02/12/2025)
Transcript Highlights:
- They are going to the Education Trust Fund.
- contents of the of the education trust contents of the of the education trust fund<03:47:47.120>
- Chris, where's the Education Trust Fund?
- education trust fund so I I just just education trust fund so I I just just showing<04:30:39.040>
- fund so the education education trust fund so the education trust<04:30:58.040>
fund <04:30:58.399
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.
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.
- Children's Trust save the state money.
- So we often talk in this chamber about trusting people.
- I do trust the people, and I trust them enough to give them the full picture.
- Then the second, it would foster trust.
FL
Florida 2026 4th Special Session
February 4, 2026 - 01:30 PM
Transcript Highlights:
- My name is Anna Upton, CEO of the Everglades Trust.
- I trust the commissioner and I trust members that are key in the bill.
- I also trust the counterpart in the Senate.
- So I trust these, ma'am.
- You know why they don't trust us because we haven't earned their trust. I live by the mantra.
FL
Transcript Highlights:
- This clarification is recommended by the real property, probate, and trust law section of the Florida
- But that is not how this trust fund has been used.
- By title, it’s Emergency Preparedness and Response Trust Fund.
- And I trust you. I trust you. We had this SB 180 annual report for 2026 that you're familiar with.
- , and we trust what you do.
Keywords:
property assessment, wind damage, home improvements, real estate, tax exemption, Florida statutes, ad valorem taxes, property listings, tax estimation, disclosure, Florida, residential property
Summary:
The committee met with a quorum present and took up three property-tax related bills before turning to a broader discussion of the Emergency Preparedness and Response Fund. SB 434, which would prohibit counties from increasing a residential property’s assessed value because the owner installed wind mitigation measures, was presented by Senator Lee and reported favorably. CS for SB 110, which clarifies that holders of 98-year-or-longer residential leases remain eligible for the homestead exemption even if the lease ends at death, was also reported favorably. SB 856, requiring online residential listing platforms to display estimated property taxes using prescribed calculation methods and not the current owner’s tax bill, drew support from property appraisers, Zillow representatives, and others and was reported favorably after questions about transparency and realtor obligations.
The committee then considered SPB 7040, which would recreate and extend the Emergency Preparedness and Response Fund through December 31, 2027. Senator DiCeglie and Division of Emergency Management Director Kevin Guthrie argued the fund is needed for hurricane response, other natural and man-made emergencies, and reimbursement-based spending; they said the extension preserves legislative oversight that would otherwise lapse. Several senators questioned the use of the fund for immigration-related operations, detention facilities, and other non-disaster activities, as well as the lack of additional guardrails, reimbursement timing, and transparency. Guthrie said the division has used the fund for hurricanes, flooding, civil unrest, security operations, and other incidents, and that some reimbursements are still pending from the federal government.
Public testimony on SPB 7040 was largely opposed. Speakers from the Florida Center for Fiscal and Economic Policy, the Southern Poverty Law Center, Florida for All, and others argued the fund has been repurposed for immigration enforcement and detention-related spending rather than true emergencies, and raised concerns about deaths in detention and the absence of competitive bidding and oversight. Guthrie answered extensive questions about the South Florida and North Florida detention facilities, Operation Vigilant Sentry, State Guard support, reimbursement requests, equipment purchases, and legislative access to facilities. The committee did not take a final vote on SPB 7040 within the portion of the transcript provided.
HI
Transcript Highlights:
- current public's state of public trust current public's state of public trust in<01:13:26.720>
- >
is you know, public trust is you know, public trust is everything,<01:13:48.400>Senator< - of this body uh I have the trust of this body and<01:15:03.120>
the <01:15:03.200>trust - of my colleagues and the and the trust of my colleagues and the trust<01:15:05.680>
of <01:15:- It just public trust, you know, we're talking about public trust. why records helps recollection and
- >
Summary:
The Judiciary Committee first took up decision-making on two judicial nominations heard the previous day. Governor’s Message 796, naming Annalisa En Bernard Lee as Circuit Court Judge for the Second Circuit (Maui County), and Governor’s Message 797, naming Michael K. Soong as Circuit Court Judge for the Fifth Circuit (Kauai), were both recommended for consent and adopted by unanimous roll-call votes.
The committee then heard testimony on Governor’s Message 801, the nomination of Vladimir P. Devens as Chief Justice of the Hawaii State Supreme Court. Support came from the Governor’s office, Honolulu Prosecutor Steve Alm, Honolulu Managing Director Michael Formby, the Hawaii Association for Justice, United Public Workers, HGEA/AFL-CIO, the Hawaii Filipino Lawyers Association, labor and trade unions, retired Chief Justice Mark Recktenwald, retired judges, bar and court officials, and many other individuals and organizations. Supporters emphasized Devens’ legal experience, work ethic, labor-law background, community ties, mentorship, and ability to manage the judiciary and address the appellate backlog. A few speakers opposed the nomination, including Chuck Freedman, who raised concerns about union influence and potential conflicts, and others who submitted opposition testimony.
Devens also testified, describing his Honolulu upbringing, education at UC Berkeley, six years with the police department, and more than 30 years in private practice before joining the Supreme Court. He said the chief justice role is primarily an administrative one, highlighted his experience with bar and judicial administration committees, and identified reducing the appellate backlog as a major priority. No vote was taken on GM 801 during this portion of the hearing.
MN
Minnesota 2025 1st Special Session
Committee on Housing and Homelessness Prevention - 02/11/25
Housing and Homelessness Prevention
Transcript Highlights:
- Community Land Trust Coalition.
- land trust serving the city of St.
- the first community land trust in the state of Minnesota to apply the community land trust model to
- land trust serving the city of St.
- the first community land trust in the state of Minnesota to apply the community land trust model to
FL
Florida 2026 4th Special Session
January 21, 2026 - 10:00 AM
Transcript Highlights:
- Thank you, Representative. 996 Do I think up Hph 93 trust fund interest or purpose is approved 997 HB
- authorizes financial institutions to hold law firm trust account funds in specified accounts used for
- statutory requirements with the Florida Supreme Court's rules regulating lawyers' trust accounts.
- trying to push me into an irrevocable trust item. >> I don't know.
- Could you tell me the basic difference between the necessity for an irrevocable trust and a will?
Summary:
The committee met with a quorum and heard several insurance and banking bills. HB 1399, relating to property insurance affiliates, would increase Office of Insurance Regulation oversight of transactions between property insurers and affiliates, require fair-and-reasonable documentation, review of dividends and asset pledges, contract termination clauses, affiliate registration, and penalties for violations. Members from both parties generally supported the goal of transparency and accountability, though some raised concerns about costs and whether the bill would actually return money to insureds. The bill was reported favorably.
HB 427, on public adjuster contracts, would allow vulnerable adults or their legal representatives to rescind public adjuster contracts without penalty, reflecting the sponsor’s personal concerns about protecting elderly and otherwise vulnerable family members from predatory contracting. Public testimony included support from several industry and elder-law groups, while the public adjuster association warned the bill could unfairly target one profession and urged broader language. Members debated whether the bill should be expanded to cover other solicitations and whether legal representatives should be treated differently, but the bill was ultimately reported favorably.
The committee also approved HB 893, which aligns bank handling of law-firm trust accounts with Florida Supreme Court rules and supports legal aid funding, and HB 767, a transparency bill requiring insurers to provide consumers with plain-language explanations of rate increases and related factors. Members emphasized consumer education and clearer disclosures, and HB 767 passed 2-0. Later, HB 381, the Office of Financial Regulation agency bill, was amended and reported favorably; it updates financial regulation provisions including cybersecurity-related requirements, money services business rules, credit union and financial institution provisions, and fee timing. HB 777, a related public-records bill protecting nonpublic personal information submitted to OFR, was also heard and moved forward without opposition.