Video & Transcript Research : 'irrevocable trust'

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AR

Arkansas 2026 1st Special Session

ALC-LOTTERY OVERSIGHT SUBCOMMITTEE Jun 16th, 2026

ALC-LOTTERY OVERSIGHT SUBCOMMITTEE

Transcript Highlights:
  • And then this is the trust account.
  • So last year, at the end of the fiscal year, we had 343,418,113 in the trust account.
  • So $1 million stays in the reserve, and then everything else goes to the scholarship account, the trust
  • It goes to the scholarship trust account, and that is this slide here that shows you the amount that's
  • prizes, we pay out our vendors and other operating expenses, and everything left over goes to the trust
Summary: The committee reviewed two Arkansas Scholarship Lottery contracts and the lottery’s proposed fiscal 2027 budget, along with the monthly disclosure report for May 2026. The first contract was a new three-year advertising and marketing agreement with Cranford Company, running July 1, 2026, through June 30, 2029, for $19.29 million total, with two optional one-year extensions. Lottery officials said the contract followed an RFP with five bids, no disqualifications, and would cost about $1 million less than the prior contract. Members asked about the bid scoring formula and the weight given to price, and the item was reviewed after a motion and vote. The second contract was a three-year University of Arkansas sponsorship agreement through Learfield for $86,800 per year, or $260,400 total, with no extensions; members questioned a system-generated summary figure that incorrectly showed $1.8 million, and staff clarified that the contract itself did not contain that amount. This item was also reviewed without objection after a motion and vote. In the budget presentation, the Arkansas Scholarship Lottery projected about $108.2 million in net proceeds to be transferred to the scholarship account for fiscal 2027. Officials highlighted expected savings of about $1 million each from the new gaming system/scratch ticket printing contracts and the new advertising contract, along with slight shifts in instant and draw ticket revenue forecasts. The committee did not take action on the budget beyond hearing the presentation. The monthly disclosure report showed May 2026 instant game sales were flat year over year, draw game sales were up 12.6%, and total revenue was up 2.2%, while net proceeds were down 8.2% year over year but up 2.5% versus budget for the month. Year to date, draw game sales were up nearly 11.5% and net proceeds were up about 6.4% to 6.5% year over year, with net proceeds ahead of budget by 9.5%. Members asked how unclaimed prizes are handled, and staff explained that scratch-off prizes must be claimed within 90 days and draw prizes within 180 days; unclaimed prizes remain in reserve during the year, then all but $1 million are transferred to the scholarship trust account at fiscal year end. The meeting ended with praise for the lottery’s marketing around a recent large winner and then adjourned.
AR

Arkansas 2026 Regular Session

ALC-LOTTERY OVERSIGHT SUBCOMMITTEE Jun 16th, 2026

ALC-LOTTERY OVERSIGHT SUBCOMMITTEE

Transcript Highlights:
  • For the trust account, last year at the end of the fiscal year, we had 343,418,113 in the trust account
  • So $1 million stays in the reserve, and then everything else goes to the scholarship account, the trust
  • It goes to the scholarship trust account, and that is this slide here that shows you the amount that's
  • prizes, we pay out our vendors and other operating expenses, and everything left over goes to the trust
Summary: The committee met to review Arkansas Scholarship Lottery contracts and receive updates on operations and finances. Sharon Strong, the lottery’s executive director, presented a new three-year advertising and marketing contract with Cranford Company for $19.29 million, replacing an expiring contract and coming in below the prior three-year amount. Members asked about the RFP process, number of bids, and how cost is weighted in the award formula; the contract was reviewed and approved without objection after a motion and vote. The committee also reviewed a three-year Learfield sponsorship contract tied to University of Arkansas promotional events for $86,800 per year, with a corrected three-year total of $260,400; members questioned a system-generated summary figure that incorrectly showed a seven-year total, and staff clarified the contract itself was only for three years with no extensions. That item was also reviewed without objection. Strong then presented the fiscal 2027 budget, highlighting expected savings of about $1 million each from the new gaming system/scratch ticket contracts and the new advertising contract. The lottery projected slight shifts in instant and draw ticket revenue, corresponding prize payout changes, and net proceeds of about $108.2 million transferred to the scholarship account. In the monthly disclosure report for May 2026, she reported flat instant game sales, a 12.6% increase in draw game sales, and year-to-date net proceeds ahead of budget, with strong draw game performance attributed in part to Powerball. Members asked about unclaimed prizes, which remain in reserve during the year and are transferred at fiscal year-end to the scholarship trust account except for a $1 million reserve, and about how scholarship funds are distributed through the Division of Higher Education based on student rosters and class year awards. The committee also discussed the lottery’s financial statements, including revenue, prize payouts, operating expenses, trust account balances, and unclaimed prize balances. Staff explained that the lottery is self-sustaining and funded by lottery revenue, not taxpayer appropriations, and that the trust account balance is used to meet scholarship requests from higher education. The meeting ended with Senator Hill praising the lottery staff’s marketing around a recent large winner in Little Rock, and the committee adjourned.
LA

Louisiana 2026 Regular Session

Ways and Means May 5th, 2026

Transcript Highlights:
  • this issue is not going away, and we have some new members that may not know much about the Aviation Trust
  • So for years now, we've been working through issues with the Aviation Trust Fund.
  • For example, at a 90 to 10 match, Louisiana's Aviation Trust Fund has been historically set at $29.8
  • conjunction with the Revenue Estimating Conference, which currently has its role in projecting the trust
  • each year, With the Revenue Estimating Conference, which currently has its role in projecting out the trust
Summary: The Ways and Means Committee met on May 5, 2026, and first considered Senate Bill 436 by Senator Cloud, which revises how annual aviation fuel estimates are calculated for the Aviation Trust Fund. Senator Cloud explained that the fund supports airport and aviation projects and is used to draw down federal matching dollars, but its credited amount has remained flat for years despite changing fuel sales. The committee adopted a set of amendments allowing DOTD’s Office of Multimodal Commerce to use federal and other public data sources, requiring annual sales tax collection reports from the Department of Revenue, and making a technical change. The bill was then reported favorably as amended, with several supporters’ cards entered into the record. The committee next took up House Bill 1039 by Representative Desotel, dealing with local sales and use tax audit procedures. Desotel said the bill was intended to improve fairness, transparency, and consistency in local audits, especially where businesses face multiple simultaneous audits by different parishes. A nine-amendment set was offered; after discussion, the committee adopted all amendments except Amendment 4, which would have required private auditing firms to be domiciled in Louisiana, and authorized staff to make technical changes. Members raised concerns about whether the bill could unintentionally encourage delays in audits and about whether audits in one parish could trigger audits in others. Desotel said the goal was to add guardrails without harming parish taxing authority, and the bill was reported as amended. Several witnesses and committee members spoke in support of stronger limits on repeated parish audits, describing the burden on businesses and the need for a more uniform process. Support cards were read into the record from multiple individuals and organizations, including the Louisiana Retailers Association and NFIB. Senate Bill 423 was then voluntarily deferred, and the committee adjourned after no further business.
AR

Arkansas 2026 1st Special Session

JBC-PERSONNEL Apr 21st, 2026

JBC-PERSONNEL

Transcript Highlights:
  • from around the state feel the former Secretary of Corrections, Joe Profury, has broken the public trust
  • A major trust breaker was Mr.
  • citizens from around the state feel the former Secretary of Corrections Joe Prefury has broken the public trust
  • intended plans as secretary and they would work with him he ignored multiple attempts a master a major trust
  • The largest trust breaker was former Secretary of Corrections Joe Perfuri's pulling a major corrections
Summary: The committee took up several budget and personnel items, first approving revised requests from the Auditor’s Office and the Lieutenant Governor’s Office. The Auditor’s request lowered its salary-and-match increases to 10 percent, with operations and UCP amounts reduced to $245,490 and $109,711. The Lieutenant Governor’s revised request kept positions at line-item maximums and sought $99,876 in regular salary and match appropriations, or 17.43 percent. Both items were approved without objection. The main discussion centered on a member amendment from Senator Rice to Senate Bill 30 affecting the Governor’s Office. The amendment would eliminate one senior advisor position, reduce authorized positions from 59 to 58, and cut salaries and matching funds by a total of $264,895. Senator Rice argued the reduction was warranted because of concerns about former Corrections Secretary Joe Profury’s handling of corrections-related matters, including the Franklin County land purchase, transparency issues, and his refusal to appear before Joint Performance Review. Several members questioned the relevance of the testimony and noted the Governor could still hire him in another role if she chose. After discussion, a roll call vote was taken and the amendment failed. The committee then approved two routine items: OPM’s request to reinstate a labor market rate at the crime lab so it can offer up to $300,000 to recruit two medical examiners, and Arkansas State University-Jonesboro’s request for 11 positions tied to the new veterinary medicine school. Both requests were approved, and the meeting adjourned after all agenda items were completed.
FL

Florida 2026 4th Special Session

January 20, 2026 - 02:00 PM

Transcript Highlights:
  • Finally, they are also supposed to provide information about special needs trusts, Rep.
  • Representative Tant said those of us with income or SSI outside of that needs Laura Antonello: a special needs trust
  • or a guardian trust.
  • We are trusting the DCF staff that they are categorizing us into the Working People program when going
  • They need to know about special needs trusts.
HI

Hawaii 2026 Regular Session

EIG-AEN, WLA-AEN, AEN-HHS, AEN, AEN DEFER Public Hearings 04-17-2026

Energy and Intergovernmental Affairs

Transcript Highlights:
  • the County of Maui through an executive order by the governor to support the management of public trust
  • :13:13.440> management<00:13:13.800> of<00:13:13.920> public<00:13:14.160> trust
  • support the management of public trust support the management of public trust water<00:13:14.880
  • 59.240> community the past 16 years, and the community the past 16 years, and the community trust
  • me to responsibly [snorts] trust me to responsibly [snorts] and<00:22:02.240> advocate<00:22:
Bills: HCR206
Summary: The committees met on several concurrent resolutions focused on energy, agriculture, water, and food security. Testimony on HCR 206 HD1 concerned the Hawaii State Energy Office and data centers, with comments submitted by the PUC, the Energy Office, and others; the measure was recommended for passage without amendment, though one committee deferred formal action until a later meeting because of quorum issues. HCR 31, recognizing 2026 as the International Year of Rangelands and Pastoralists in Hawaii, received strong support from the Hawaii Cattlemen’s Council, which emphasized managed grazing, groundwater infiltration, and food production; it was recommended and adopted as passed unamended. HCR 33, on the Pua Kōloa sewage project, was amended to add UH Hilo as a stakeholder and resource for research, monitoring, and technical assistance, then recommended for passage with amendments. The committees also heard and advanced a series of resolutions on environmental and land-use issues. HCR 36 establishing a sister-state relationship with Okayama, HCR 19 designating March as March for Water Month, HCR 162 creating an arts and data mapping task force, HCR 61 on reforestation investment, HCR 106 endorsing Waikiki as a world surfing reserve, and HCR 178 urging a Maui water set-aside were all recommended for passage as is and adopted. HCR 14, authorizing a perpetual non-exclusive easement for drainage purposes, was recommended for passage with technical, non-substantive amendments. HCR 179, addressing the Aha Moku Advisory Committee, was amended to create a working group with legislative, Aha Moku, DLNR, and OHA representation to report back for the 2027 session, and was recommended for passage with amendments. In the agriculture and environment hearing, HCR 117 on statewide food security drew testimony from a high school student and others stressing Hawaii’s vulnerability to supply disruptions and the need for local food resilience; it was passed as is. HCR 103, supporting expanded tree canopy and shade trees to reduce urban heat islands, also passed as is after a member noted storm damage concerns and suggested careful plant selection. HCR 180, urging the Department of Agriculture and Biosecurity to explore co-locating renewable energy projects with agricultural reservoirs and irrigation infrastructure, received strong support from Molokai Clean Energy Hui and others describing the Kalaupapa Reservoir floating solar project and its community planning process; it was passed as is. HCR 144 HD2, calling for a comprehensive statewide food security strategy, was also recommended and adopted without amendment.
NM

New Mexico 2026 Regular Session

House - Taxation and Revenue Feb 2nd, 2026 at 08:43 am

House Taxation & Revenue

Transcript Highlights:
  • What the bill does also is it creates a purse for a trust fund, which would be the long-term funding,
  • I'm going to give you a little bit of background on the Water Trust Fund.
  • The Water Trust Fund is 9 off of severance tax funds.
  • The Water Trust Project Fund is 9, and now housing is 2.5.
  • When Colonias was carried, I believe that was Senator Papin and Water Trust Board.
Keywords: 996, all
FL
Transcript Highlights:
  • The second request is $2.4 million in trust fund authority for the final year of the Missing and Endangered
  • The third request is $3.3 million in trust fund authority to purchase the remaining 260 new breath test
  • The fourth item is $460,000 in recurring trust fund authority for contract renewals of critical public
  • The fourth item is $460,000 in recurring trust fund authority for contract renewals of critical public
  • That would be $1.5 million in trust fund and $1 million in general revenue. The 14th is $4 million.
Summary: The committee heard budget presentations from the Florida Department of Law Enforcement, the Department of Juvenile Justice, and the clerks of court. FDLE outlined 28 legislative budget requests for fiscal year 2026-27, including funding for a new Fort Myers regional operations center lease, technology and data system upgrades, moving several programs off uncertain federal grants, expanding the wellness office, cryptocurrency seizure efforts, cybersecurity, forensic equipment, digital forensics, criminal history modernization, training, and the SAFE fentanyl enforcement program. Members asked about the reported 79% increase in officer misconduct cases, the role of body cameras and masking, public records request burdens on local agencies, and the status of Fibers and the Uniform Arrest Affidavit systems. FDLE said the misconduct data covers all sworn officers and corrections personnel, that many cases would not be affected by body cameras because they involve off-duty conduct or internal matters, and that it is working with agencies and vendors to improve participation in reporting systems. DJJ Secretary Matt Walsh updated the committee on the Florida Scholars Academy, describing the new unified education system across 39 residential facilities. He reported first-year enrollment, course completions, graduations, and compliance results, and said the program now provides in-person and blended instruction, individualized support, mental health services, and career and technical education. He also discussed staffing shortages in some detention facilities, the need for more residential beds, and the importance of recognizing and supporting staff. In response to questions, he explained how the program addresses students with disabilities and behavioral needs through one-on-one instruction, paraprofessionals, and immediate mental health support. The clerks of court presented a budget request centered on funding shortfalls and rising costs. Clerk and Comptroller Stacey Butterfield said clerks are operating with outdated funding levels despite increased statutory duties, higher postage and staffing costs, and growing workloads in priority case types such as injunctions for protection and other high-risk matters. The clerks requested $22 million in direct appropriations, including support for due process costs, jury management, and staffing for 37 new judges approved last session. Members also asked about Senate Bill 532, which Butterfield described as a CPI-based measure to update court fines and fees that have remained unchanged since 2008. The committee took no votes on the presentations and adjourned after discussion.
TX

Texas 89th Regular

Trade, Workforce & Economic Development Apr 30th, 2025

Trade, Workforce & Economic Development

Transcript Highlights:
  • The Chair lays out SB841 by Senator Hughes relating to the beneficiaries of trust fund pay received in
  • The chair lays out SB1612 by Senator Johnson relating to construction contracts and trust funds.
  • This lack of transparency can erode consumer trust and make it difficult.
  • You have a trusted filer path and then you have a walk-in-the-door off-the-street path.
  • The professionalization of the process is unaffected; we trust the title companies and we trust the escrow
NM

New Mexico 2025 Regular Session

Senate Chamber Mar 20th, 2025

New Mexico Senate Floor Meeting

Transcript Highlights:
  • to fill the office of governor could be trusted to deal fairly with office holders whom he or she was
  • Currently, there are two revenue streams that go into the Early Childhood Trust Fund.
  • Childhood Trust Fund. This is how this bill got from $350 million to $9.5 billion today.
  • Fund and the Medicaid Trust Fund.
  • Trust Fund. With that, Mr. President, I will stand for questions. Thank you, Senator Muñoz.
US
Transcript Highlights:
  • low-income housing tax credits but maybe even pairing that with home dollars. or with the housing trust
  • Willis, back in 2008, I helped create the Housing Trust.
  • Why do you think today the Housing Trust Fund is necessary, and how does it help low-income Americans
  • And as you probably know, we've put in legislation that would expand the resources of the trust fund
  • We're talking about an 84% cut to the office that oversees CDBG, block grants, the housing trust fund
Summary: The committee meeting focused on addressing the significant issue of affordable housing in America. Members expressed concern over the persistent barriers faced in the housing sector, despite substantial government investment aimed at alleviating these issues. It was highlighted that government interference plays a critical role in complicating the housing landscape, and discussions revolved around potential legislative approaches to mitigate these challenges. Several witnesses provided testimony, contributing to a thorough exploration of the topic.
HI

Hawaii 2025 Regular Session

HHS Public Hearing 02-03-2025

Health and Human Services

Transcript Highlights:
  • But the thing about trust, it goes both ways.
  • It takes time to build that trust.
  • <00:46:22.559> it that areas but the thing about trust it that areas but the thing about trust
  • goes both ways reason why there no trust goes both ways reason why there no trust again<00:46:25.240
  • you can trust us we setting<00:46:36.240> you<00:46:36.480> up<00:46:36.960> you're
Keywords: 912, senate, all
Summary: The Health and Human Services Committee heard testimony on several health-related measures, with most of the discussion focused on SB 1419, SB 1494, and SB 1495, which were taken out of order to accommodate ASL/Death Blind Task Force testimony. SB 1419, relating to Act 253 (Session Laws of Hawaii 2023), drew support from the Department of Human Services and the National Federation of the Blind of Hawaii, with testimony emphasizing use of the term “low vision” and support for the program timeline. The committee later recommended passage with amendments, including technical changes and updated appropriation fiscal years, and the motion was adopted unanimously by the members present. SB 1494, concerning hearing aids, drew broad support from disability advocates and others who argued that hearing aids improve health, reduce accidents, and may help reduce dementia risk. Testifiers also urged that the bill define hearing aids as prescription hearing aids rather than including over-the-counter devices, and the Department of the Auditor and Insurance Division raised cost and coverage questions. The committee recommended passage with amendments, changing the coverage approach to optional coverage similar to vision and dental and requesting a sunrise analysis for prescription hearing aids; that recommendation was adopted. SB 1495, which exempts hearing aids from the general excise tax, also received support, while the Attorney General flagged a possible single-subject issue and the Tax Department estimated a potential $1.1 million revenue impact. The committee recommended passage with amendments, including deletion of the challenged language, technical fixes, and noting the revenue estimate; that recommendation was adopted. The committee then moved through additional measures with mostly supportive testimony. SB 1421 on medical records prompted questions about what happens when a solo practitioner dies or closes practice, and the discussion centered on ensuring patients can obtain records, including a proposed amendment requiring a successor provider to send records to the patient’s last known address. SB 1422, dealing with a special fund and vital statistics funding, was supported by the Department of Health, which said the special fund did not meet criteria and that deposits should instead go to the Vital Statistics Improvement Special Fund. SB 1423 on certificate of need exemptions for Department of Health facilities drew support, with discussion of possibly extending exemptions to dialysis and behavioral health/psychiatric services; the Department indicated it would not oppose that change. SB 1424 on credentialing of health care providers also received support, and SB 1425 on the State Emergency Medical Services Committee focused on reducing quorum requirements because many members are active first responders and cannot always attend meetings. The committee also heard support for SB 1426 on emergency medical services, SB 1431 on viral hepatitis, and SB 1433 on harm reduction, with testimony on hepatitis outreach funding and syringe access best practices; for SB 1433, the Department of Health identified a blank in the bill and recommended a six-month period for the syringe-possession exception.
ND

North Dakota 2026 1st Special Session

Protection and Victim Services Committee May 13th, 2026 at 09:00 am

Protection and Victim Services Committee

Transcript Highlights:
  • You can't have that conversation without having that trust, right?
  • So, as you see on the slide, visits take place in the home or a trusted space.
  • In the second case, Can be trusted.
  • This is a family that now questions who they can ever trust again.
  • You have to trust your gut.
Keywords: 908, all
ND
Transcript Highlights:
  • You can't have that conversation without having that trust, right?
  • In the second case, can be trusted.
  • This is a family that now questions who they can ever trust again.
  • You have to trust your gut. You have to trust yourself.
  • And I don't know why she trusted me. blonde the way that I like it.
Summary: The committee met to approve prior minutes and then heard a presentation from Dr. Ramona Danielson on adverse childhood experiences (ACEs), focusing on the economic and public-system impacts in North Dakota. She explained that ACEs are a population-level measure, not a diagnostic tool for individuals, and said higher ACE exposure is consistently associated with more chronic illness, mental health challenges, child welfare involvement, justice-system contact, and reduced workforce participation. She emphasized that precise dollar estimates are difficult because of the many interacting factors across a person’s life course, but said the direction of the impact is clear and that evidence-based prevention and protective factors can reduce harm. Members asked about definitions of a “healthy family,” same-sex couples, divorce, substance abuse, historical trends in ACEs, and the role of positive childhood experiences and home visiting. The committee then heard from Allison Mahoney and Missy Barranco about evidence-based home visiting programs in North Dakota, including Healthy Families, Early Head Start, Nurse-Family Partnership, and Parents as Teachers. They described home visiting as voluntary, relationship-based, and tailored to family needs, with referrals coming from hospitals, WIC, human service zones, pregnancy navigators, self-referrals, and other community sources. A parent, Abby, shared that home visiting helped her family after premature births and NICU stays by providing support with postpartum mental health, breastfeeding, developmental screenings, referrals, and parenting guidance. The presenters said the programs are funded through a mix of federal MIECHV/Title IV-E dollars, Medicaid targeted case management, state and tribal funds, philanthropy, charitable gaming, and grants, and they noted that current funding is fragmented and insufficient to serve all eligible families statewide. Members discussed whether the state should expand or better fund these services and how to improve outreach and referrals. Later, the committee received a memorandum on artificial intelligence and sexual exploitation, followed by a presentation from a BCI special agent on how AI is already affecting child exploitation investigations in North Dakota. The memo and testimony described AI-generated child sexual abuse material, deepfakes, sextortion, and risks posed by chatbots, along with relevant federal and state law and recent executive orders. The agent said North Dakota saw 2,698 cyber tips in 2025, the highest on record, and that investigators are increasingly encountering AI-assisted exploitation that is harder to detect and verify. Members discussed the need for child-safety protections, the limits of executive orders, and broader concerns about AI undermining critical thinking and spreading misinformation. No votes were taken on the AI materials during the portion provided, and the committee recessed briefly after the report.
FL

Florida 2026 Regular Session

Senate in Session Mar 10th, 2026

Florida Senate Floor Meeting

Transcript Highlights:
  • I was a freshman legislator, and I trusted.
  • Thank you for your many kindnesses, for your friendship and your trust in me.
  • Faith to trust when I am broken, hope that...
  • That's why this chamber has been do or die, because we trust you.
  • Because we trust you. Trust your judgment. Because we know you're making decisions for us.
Summary: The Senate convened with a quorum, opened with prayer and the Pledge of Allegiance, and recognized several guests, including a state champion Crossroads Academy girls basketball team and a Florida State University student intern. The chamber then turned to executive appointment confirmations reported by the Committee on Ethics and Elections and other reference committees under Rule 12.7, with Chair Don Gates explaining that the committee had reviewed the qualifications and suitability of the nominees and held public hearings where required. Members debated several confirmations at length. The report containing 186 appointments was adopted 31-0 after Senator Polsky explained her no votes on three nominees, citing concerns about past comments and ideological views. The Senate then confirmed Jeffrey Aaron to the Public Employee Relations Commission by a 26-10 vote after sharp debate over his role as counsel to the Hope Florida Foundation and allegations tied to the diversion of Medicaid settlement funds; supporters argued he was a competent lawyer and no formal action had been taken against him. Chavon Harris was confirmed as Secretary of the Agency for Health Care Administration by a 32-5 vote, with supporters praising her work on Medicaid funding and opponents criticizing her prior leadership at DCF and the Hope Florida-related issues. Taylor Hatch was confirmed as Secretary of the Department of Children and Families by a 33-4 vote, despite concerns raised about SNAP/EBT compliance, child welfare practices, audits, and DCF’s handling of Hope Florida; supporters emphasized her commitment to reform and the difficulty of the agency’s mission. After a brief recess, the Senate held a lengthy recognition of outgoing President Kathleen Passidomo. Senators from both parties offered personal tributes focused on her leadership, toughness, humor, mentorship, and support for colleagues, especially women in the chamber. Several speakers also referenced her handling of difficult bills, her post-presidency service as Rules Chair, and her resilience after personal loss. No further legislative action was taken during the recognition segment.
KY
Transcript Highlights:
  • <01:01:53.920> alternative offers Kentuckians a trusted alternative offers Kentuckians a trusted
  • But yet trust in gold is a stable source of growth that enables us to have a greater budget reserve trust
  • We have to keep our budget reserve trust fund in a healthy condition.
  • in the dollar is at an that trust in the dollar is at an all-time<01:06:25.960> low.
  • We have to keep our budget reserve trust We have to keep our budget reserve trust fund<01:06:52.600
Summary: The committee met in a special-called session of the Interim Joint Committee on Banking and Insurance and first took up three Department of Insurance regulations tied to House Bill 256, the Strengthen Kentucky Homes program: 806 KAR 22:00, 22:10, and 22:20. Commissioner Sharon Clark said the program would provide $5 million in grants to help homeowners strengthen roofs, with regulations covering eligibility and operations, contractors and evaluators, and reinspections in cases of suspected fraud. A committee substitute to 806 KAR 22:10 was explained as a technical correction to conform to the statutory preference for in-state contractors and evaluators. Representative Hampton moved and Representative Rudy seconded approval of the substitute, and it was adopted by voice vote; the amended regulations were then reviewed. Clark also said the grant money would be distributed statewide rather than targeted to storm-prone areas. The committee then heard an update from Commissioner Clark on mental health parity in response to questions from Representative Pollock. Clark said the department reviews insurer filings and conducts market conduct examinations, but does not have authority over provider reimbursement rates or to require providers to join insurer networks. She said complaints are investigated and, when needed, teams review claims and data on site to check compliance with parity requirements. No action was taken on that discussion. After approving the November 4 meeting minutes, the committee heard testimony on a proposed PIP reform package from Representative Josh Bray, the Kentucky Hospital Association, the Kentucky Justice Association, and State Farm. Supporters said the bill would apply the workers’ compensation fee schedule to most PIP medical claims, keep the $10,000 PIP limit in place while stretching benefits further, reduce balance billing, modernize benefit amounts, and address fraud and delayed billing. They noted hospitals would be exempt from the fee schedule, while hospital-based physical therapy would be included, and said the compromise reflected negotiations among stakeholders. Some members questioned whether exempting hospitals undercut the bill’s purpose and asked about possible rate effects; proponents said they had not done a rate analysis and that the bill could lead to more treatments within the existing PIP limit. No vote was taken on the PIP proposal during this meeting.
KY
Transcript Highlights:
  • Housing Trust Fund. Um, I believe it was created in '92.
  • <00:29:31.679> fund So, the affordable housing trust fund So, the affordable housing trust
  • I'm at the Pew Charitable Trust.
  • Pew Charitable Trust. And Alex, if you Pew Charitable Trust.
  • Pew is a nonprofit Pew Charitable Trust.
Summary: The Housing Task Force 2.0 reconvened with several new members and heard a presentation from Kentucky Housing Corporation Executive Director Winston Miller and Deputy Executive Director Wendy Smith. They framed the task force’s work as a practical effort to address Kentucky’s housing shortage, update members on the current housing landscape, summarize existing state and federal resources, and suggest areas for the task force to focus on over the coming year. KHC said its 2024 housing supply gap analysis found Kentucky is short about 206,000 housing units, split roughly evenly between rental and homeownership, and projected the gap could grow to 287,000 units by 2029 if current trends continue. They emphasized that every county in Kentucky needs more housing, that the 2008 housing crisis and loss of construction capacity remain major causes of the shortage, and that current pressures include high interest rates, rising insurance and tax costs, construction cost inflation, and housing prices and rents growing faster than incomes. KHC also said homelessness has risen in Kentucky, with point-in-time counts showing double-digit increases in recent years. The presenters reviewed existing resources, including federal programs, the Kentucky Affordable Housing Trust Fund, the rural housing trust fund, KHC mortgage and down payment assistance programs, and the state mortgage interest deduction. They said these resources are important but insufficient to close the gap, and noted that a proposed federal FY2026 budget would cut HUD programs by 44%, potentially removing about $286 million from Kentucky housing resources, though no action has been taken yet. They urged the task force to consider stronger, more flexible tools such as a revolving loan fund, a state affordable housing tax credit, and economic development and employer-assisted housing incentives, and pointed to Indiana’s housing infrastructure and regional development funds as examples. No votes or formal actions were taken in the portion provided.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Monday, June 30, 2025)

US Federal House Floor Meeting

Transcript Highlights:
  • In the righteousness we receive in your name, we pray, trusting in the great power you are working in
  • righteousness we receive in your name,<00:05:47.360> we<00:05:47.680> pray,<00:05:48.720> trusting
  • <00:05:49.120> in<00:05:49.280> the<00:05:49.440> great name, we pray, trusting
  • in the great name, we pray, trusting in the great power<00:05:50.080> you<00:05:50.320> are
NH

New Hampshire 2025 Regular Session

Senate Finance (04/29/2025)

Finance

Transcript Highlights:
  • However, the funding source changes to the opioid abatement trust fund.
  • is through the opioid abatement trust is through the opioid abatement trust fund.<00:08:48.399><
  • trust trust fund.<00:09:01.800> The<00:09:02.800> complications<00:09:03.519> that<
  • Again, with the opioid settlement dollars and the trust fund for that, the idea and the expectation is
  • Yes, it includes every single obligation and vote that has been taken by the trust fund.
Keywords: 1191, senate, all
NH

New Hampshire 2025 Regular Session

House Education Funding (02/25/2025)

Transcript Highlights:
  • fund, and then you have the overflow clause, which I think is common in education trust fund, where
  • We could end up burying the Education Trust Fund just like that and not having to borrow, take it out
  • We could end up burying the Education Trust Fund just like that and not having to borrow, take it out
  • <01:02:15.079> fund be drawn from the education trust fund be drawn from the education trust
  • treasury for the education trust treasury for the education trust fund fund fund um<01:11:13.600
Keywords: 928, house, all
Summary: The Education Funding Committee met to review a large package of bills, with the first four—HB 717, 742, 773, and 603—focused on special education aid, formerly called catastrophic aid. Chair Ladin explained that the committee needed to move a special education bill forward by March 4 and was trying to determine which bill would serve as the vehicle. He described the current formula and the difficulty of estimating the fiscal impact of lowering the threshold from 3.5 times the statewide average cost per pupil to a lower level, noting that DOE did not have reliable data on how many students would fall into the lower-cost bands. The committee also noted that several other bills in the package addressed SWEP and adequacy issues, and that HB 510 dealt with due process rather than funding. Mark Mello of the Bureau of School Finance testified that the department only has reliable data for special education expenditures above $70,000 per student, since claims are submitted for reimbursement at that point. He said the bureau was trying to estimate how many students might fall between 2.5x and 3.5x or 3x and 3.5x the average cost, but that the basic answer was they did not know and that any estimate would be difficult. He explained that moving the threshold from 3.5x to 2.5x would create a minimum additional cost of about $13.6 million based on existing claims, not counting new students who would enter the range. Members discussed whether districts already had the underlying data, whether a survey should be required, and how districts know when to begin tracking costs for reimbursement. The committee also discussed proration and the state’s share of special education aid. Mello explained that the current 80% state share is modeled in the formula, but the actual payment has been prorated because appropriations have not matched the statutory liability; he said the state liability was about $50 million, while the budget had provided $34 million, resulting in a 68% payment rate. HB 742 was described as a bill that would eliminate proration by paying the liability directly from the education trust fund with an overflow mechanism. Members also discussed possible alternatives such as changing the state share, using a lower threshold in a transition period, or requiring districts to submit data. No votes or final actions were taken in the portion provided; the committee was still in discussion and considering which bills to advance.