Video & Transcript : 'trust funds' :
Page 74 of 500
AR
Transcript Highlights:
- The chair said there had been a lot of conversation in the past about the Medicaid Trust Fund and that
- between now and June 30th that are in the balance of that trust fund, correct?
- If we've spent and are spending $300 million more a year out of a trust fund or a restricted reserve
- And it comes straight out of that trust fund.
- And so as we increase the burden on that, we... ...that and it comes straight out of that trust fund.
Committee:
All JBC-PEER REVIEW
ID
Transcript Highlights:
- And it has a 50-cent fee baked into it that goes to the Idaho Heritage Trust Fund.
- Heritage Trust Fund.
- The Idaho Heritage Trust Fund will have their own instead of every single user with a standard plate
- And it has a 50-cent fee baked into it that goes to the Idaho Heritage Trust Fund.
- Heritage Trust Fund.
Committee:
House Ways and Means
AR
Transcript Highlights:
- I'd like to get Medicaid to the table, please, on the trust fund. Good morning, y'all.
- I know a lot of conversation around the Medicaid Trust Fund in the past, and a special report was asked
- between now and June 30th that are in the balance of that trust fund, correct?
- If we've spent and are spending $300 million more a year out of a trust fund or a restricted reserve
- And it comes straight out of that trust fund.
Committee:
All JBC-PEER REVIEW
Summary:
The PEER Review Subcommittee met to consider a large agenda of appropriation, transfer, contract, and other review items. Members approved temporary appropriation requests in Sections B through F, including funding for prosecuting attorneys, education-related adjustments, school operating needs, labor licensing divisions, ARPA fund returns from Workforce Services, IIJA grants for state police CDL implementation and a forestry-related county grant, reserve fund transfers for teacher scholarships, school facilities, and economic development, and a Commerce reallocation tied to organizational realignment. Cash fund requests in Section G and budget classification transfers in Section H were also reviewed, along with pay plan requests in Section I, overtime requests in Section J, and multiple methods of finance in Section K. The committee also reviewed discretionary grants in Section L, including agriculture promotion board grants and DHS aging/adult behavioral health grants, plus RFQs, construction contracts, intergovernmental contracts, and out-of-state contracts in Sections M1 through M5.
Several items drew questions from members. Workforce Services explained that $225,000 in TANF-related funds would be returned to the federal government because the two-year hold period for uncashed or moved checks had expired. Commerce officials described the $25 million site infrastructure grant program, saying it supports site development, due diligence, and infrastructure build-out at eligible sites of 30 acres or more, including rural communities, with grant agreements and matching requirements providing accountability. DHS and Education officials answered questions about the Care Solace mental health referral contract, saying it is a statewide concierge/referral service that helps schools connect students to Arkansas providers and follow up so students do not fall through the cracks; members asked for more information on provider selection, school-day scheduling, and Arkansas vendor participation.
The committee held one item over: the DHS discretionary grant item for the RSVP retired senior volunteer program in L2, after concerns were raised about whether state general revenue was being used effectively and how much administrative overhead the providers retain. Members also questioned several contracts, including a DHS sole-source contract with EMSLink for document management software and a DHS bridge contract with Arkansas Foundation for Medical Care for Medicaid inspections of care reviews; in both cases, agency staff explained the need to avoid service disruption and said follow-up information would be provided. A Department of Corrections reentry center contract was discussed for its recidivism results, and ARDOT retirement-system investment contracts were briefly explained. The meeting ended after a lengthy discussion of the Medicaid Trust Fund balance, with DFA and DHS officials saying the state is expected to finish the fiscal year without exhausting the fund, that a restricted reserve of $100 million is available as a backstop, and that the larger question is what minimum balance should be maintained going forward.
CA
California 2025-2026 Regular Session
Senate Budget and Fiscal Review Subcommittee No. 5 on Corrections, Public Safety, Judiciary, Labor and Transportation Apr 23rd, 2026
Transcript Highlights:
- Issue number four is the Subsequent Injury Benefits Trust Fund.
- Issue number four is the Subsequent Injury Benefits Trust Fund, SIBTF, the trailer bill language, and
- I'm presenting on issue four, the Subsequent Injury Benefits Trust Fund trailer bill language.
- As trusted messengers, we are here in support of CWOP funding to continue the necessary work our organization
- Disabled workers seeking benefits from the Subsequent Injuries Benefits Trust Fund, people like Ms.
Summary:
The Senate Budget Subcommittee on Corrections, Public Safety, Judiciary, Labor, and Transportation heard presentations on labor and public employment issues from the Employment Development Department (EDD), the California Workforce Development Board (CWDB), and the Department of Industrial Relations (DIR). The committee first focused on EDD Next modernization, where EDD described progress on online claims, call center upgrades, language access, fraud prevention, and the Integrated Claims Management System (ICMS). The Legislative Analyst’s Office urged closer legislative oversight, especially as the project moves into the most difficult phase. Senators asked about the revised timeline, total cost, fraud reduction, stress testing, transparency around change orders, and the decision to phase in disability insurance and paid family leave before unemployment insurance. EDD said the overall project cost remained about $1.2 billion, that it had no major cost overruns, and that it had saved more than $20 million by shifting some shared customer portal work into ICMS.
The subcommittee then considered CWDB’s request for additional operational resources and trailer bill language to streamline reporting. CWDB and the Department of Finance said staffing had been expanded during the pandemic-era surge in grant funding and should now be reduced as one-time grant programs wind down. Senators questioned the proposed staffing reduction, arguing that workforce development needs remain strong and that the board’s policy role still requires adequate capacity. The committee also discussed a proposal to consolidate multiple annual and interim reports into a single biennial report, with LAO supporting the streamlining. Members asked about reporting for specific programs and the cost savings from reducing duplicative evaluations.
A major portion of the hearing addressed DIR’s proposed reforms to the Subsequent Injury Benefits Trust Fund (SIBTF) and related workload funding. DIR and LAO described rapid growth in applications, a large and growing backlog, and sharply rising liabilities and employer assessments. The administration’s trailer bill would tighten eligibility, apply reforms to open cases, and use contemporaneous evidence and QME reports to document preexisting disabilities. LAO said the proposal largely matched its prior recommendations and would help return the program to its original intent. Senators raised concerns about fairness to pending claimants, the effect on workers with undocumented preexisting conditions, and whether the QME system could absorb the added workload. The committee also heard DIR’s request to eliminate vacant positions under a statewide vacancy sweep, with members objecting that some vacancies reflect unmet enforcement and safety needs rather than excess capacity.
The hearing continued with DIR proposals for additional Cal/OSHA investigative staff, permanent changes to Workers’ Compensation Appeals Board petition deadlines, and apprenticeship-related funding increases. DIR sought 14 permanent positions for its Bureau of Investigation to handle serious workplace fatalities and injuries, and members emphasized the importance of timely investigations and family communication. The WCAB requested making permanent a 2024 change that starts the 60-day reconsideration clock when a case is transmitted rather than when the petition is filed; the board said this had reduced the number of cases awaiting decisions from 637 to 460. Finally, DIR proposed increasing apprenticeship training grants from $3 million to $20 million annually using the Apprenticeship Training Contribution Fund, citing an $80 million fund balance and workforce demand tied to rebuilding and infrastructure needs, and then began discussion of a separate request to expand pre-apprenticeship programs.
FL
Florida 2025 Regular Session
April 1, 2025 - 12:30 PM
Transcript Highlights:
- Up next is CS for HB 843, Fish and Wildlife Conservation Commission Trust Fund, by Rep.
- Commission Trust Fund by Rep. Johnson and Overdorf.
- Members, House Bill 843 is Fish and Wildlife Conservation Commission Trust Funds.
- Trust funds in order to use agency budget more efficiently.
- The changes include authorizing FWC to use the non-game wildlife trust fund for the purposes of law enforcement
Summary:
The Natural Resources and Disaster Subcommittee took up eight bills focused on water policy, coastal resilience, environmental regulation, beaches, wildlife funding, and carbon sequestration. HB 7001 preserved the public-record exemption for site-specific location information on endangered and threatened species before its scheduled repeal, and it was reported favorably 16-0. H.R. 661, expressing support for a “one-water” approach to the state water supply, drew discussion about whether it implied centralized control; an amendment aligning the resolution with Senate language was adopted, and the resolution passed 16-0 with a committee substitute.
The committee also advanced HB 1345 on infrastructure and resiliency, which after a strike-all amendment authorized DEP to procure coastal resiliency projects through public-private partnerships and use incentives such as revenue-sharing, expedited permitting, public engagement, and workforce training; it passed 16-0. HB 477 on weather modification was substantially amended to return to current statute and add a $10,000 fine for failing to obtain a permit; the bill drew extensive public testimony both for and against weather modification and cloud seeding, and it passed as amended with a committee substitute. HB 6043, repealing the 2018 customary-use beach statute affecting Walton County, prompted testimony about beach access, tourism losses, and private property rights; it passed 17-0.
The committee then approved CS for HB 843, making clarifying changes to Fish and Wildlife Conservation Commission trust funds and allowing use of the non-game wildlife trust fund for law enforcement and coordination with related agencies and landowners; it passed 17-0. HB 1169 revised water management district planning, budgeting, reporting, and procurement practices, including restrictions on lobbyist funds and updated project preference rules; two amendments were adopted and the bill passed 16-0. Finally, HB 1063 created a task force to study carbon sequestration and related ecosystem services in Florida’s natural and agricultural lands and waters; after amendments removing a fiscal component and clarifying voluntary participation and property-rights protections, it passed 15-2. The meeting adjourned after all bills were reported favorably.
FL
Florida 2026 5th Special Session
Community Affairs Mar 11th, 2025
Transcript Highlights:
- The first is to clarify provisions regarding trust decanting, which is pouring trust assets into a new
- trust.
- Under this, a trustee can modify the terms of the first trust to create or fund a second trust to make
- For background, CRAs are funded... For background, CRAs are funded with TIF funds.
- That's tax increment funding.
Summary:
The Committee on Community Affairs met and took up a long agenda of bills, beginning with SB 262 on trust law technical changes. Senator Berman explained four clarifications involving trust decanting, successor trustee actions, ademption by satisfaction, and homestead/community trust definitions; a technical amendment was adopted and the bill was reported favorably. The committee also approved SJR 174 and SB 176, which together would prevent certain homestead tax assessment increases when owners elevate flood-prone homes, and SB 180, a hurricane preparedness and response bill that included a strike-all amendment addressing FEMA reimbursement, mutual aid, hazard mitigation, and post-disaster rebuilding issues. Supporters from emergency management, beaches, counties, and local business groups testified in favor of SB 180, and it was reported favorably.
Members then approved SB 608, which renames the Gulf of Mexico to the Gulf of America in Florida statutes, despite questions about cost and an appearance in opposition. SB 1002, dealing with utility service restrictions and local government limits on energy-related policies, drew opposition from Earthjustice and Florida for All over possible unintended consequences and fossil-fuel favoritism, but was still reported favorably. SB 466 on the Florida Museum of Black History generated extensive testimony, with strong support from St. Augustine, Florida Memorial University, pastors, local officials, and the museum foundation for locating the museum in St. Johns County; one witness argued for Eatonville instead, but the bill was reported favorably.
The committee also passed SB 1128 on building permits for single-family dwellings after an amendment clarified local zoning review and added insurance and liability protections for design professionals. SB 582, increasing penalties for unlawful demolition of historic buildings and structures, was reported favorably with support from preservation advocates. SB 1202, extending family health insurance premium benefits to firefighters permanently disabled during training exercises, also passed without opposition. Finally, SB 1242 on community redevelopment agencies prompted the most debate: supporters argued CRAs can be valuable tools for affordable housing and redevelopment, while opponents warned the bill would effectively end all CRAs by 2045 and block new projects; after extensive discussion, the bill was reported favorably. At the end, senators recorded additional votes on several tabs, and the committee adjourned.
NM
New Mexico 2025 Regular Session
IC - Radioactive and Hazardous Materials May 29th, 2025
Radioactive & Hazardous Materials Committee
Transcript Highlights:
- Then many of us got funding to help fund that work.
- Um, we don't receive, ONRT doesn't receive any federal funding, so we are not at risk of losing funds
- This past year, we have, we have relied on special appropriations into the trustee fund to fund our,
- So by state statute, um, the trust, um, Money that goes into the trustee fund does not revert, and I
- So, um, restoration funds and assessment funds, they do not revert. Thank you.
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Revenue Jun 21st, 2026 at 10:00 am
Joint Committee on Revenue
Transcript Highlights:
- The other 50 percent would be shared between the affordable housing trust funds to create and preserve
- affordable rental and homeownership housing and the Housing Preservation and Stabilization Trust Fund
- But, you know, the Portable Housing Trust Fund is directed toward producing affordable housing.
- at least $90 million of that directed to the Affordable Housing Trust Fund to support the creation of
- With federal project funding becoming increasingly tenuous, land trusts like Kestrel will continue to
Committee:
Joint Joint Committee on Revenue
Summary:
The hearing opened with remarks from the co-chairs explaining committee procedures, testimony limits, submission instructions, and the new deadlines for acting on House and Senate bills. The committee then heard testimony on several bills related to agriculture, land use, environment, housing, transportation, and taxation, with legislators often taken out of turn. No votes were taken during the hearing.
The first major topic was H. 3206, a bill to allow fossil fuel-free 529 college savings plans to qualify for the state tax deduction if MEFA does not offer a comparable option. Representative Steve Owens said the bill would not force MEFA or Fidelity to change existing plans, but would create a definition for fossil fuel-free funds and extend the deduction to qualifying out-of-state plans. The committee also heard strong local testimony on a Belmont home-rule petition, H. 3970, to change tax treatment for the Belmont Country Club under Chapter 61B. Belmont residents and officials argued the private golf course receives an unfair tax break that shifts costs to other taxpayers, while Senator Brownsberger and Representative Rogers supported the measure as a way to help the town recover revenue. Committee members asked about town meeting support, the club’s lack of payment in lieu of taxes, and the size of the tax savings.
The committee next heard testimony on a vehicle miles traveled tax proposal, S. 1925, from Senator Barrett and economists Gilbert Metcalf and Christopher Knittel. They argued that declining gas-tax revenue and rising fuel efficiency, especially with electric vehicles, require a more stable transportation funding source; they also said a VMT tax could be designed to be revenue-neutral and mildly progressive, though members raised concerns about administration, fairness, EV disincentives, and the possibility of annual tax shocks. The largest block of testimony focused on the Ahead Act, H. 3194/S. 1973, which would double the deed excise fee and dedicate the new revenue to affordable housing and climate adaptation. Supporters from MACDC, MAPC, FICC, Boston Climate Action Network, CLF, 350 Mass, CHAPA, and a tenant advocate said the bill could generate about $300 million annually for housing production, vouchers, weatherization, resilience, and environmental justice communities, and that it links two urgent crises with a stable funding stream.
The committee also heard testimony on the Conservation Land Tax Credit bills, H. 3147/S. 2083, which would raise the annual cap on the credit from $2 million to $5 million for three years and then sunset back down. Conservation groups and a landowner said the program has conserved thousands of acres and that the higher cap would reduce delays and help meet state conservation goals. Finally, the committee took testimony on the Fairness for Farm Workers bills, S. 2011/H. 3107 and S. 2012, which would extend overtime, minimum wage, breaks, and paid time off protections to farm workers and include a refundable tax credit to help farmers offset overtime costs. Senator Gomez and advocates described the bills as overdue civil rights and public health measures, citing low wages, long hours, dangerous conditions, and the racial history behind farm labor exclusions. The hearing also included testimony on H. 3240, a bill to give municipalities a local option vacancy tax on chronically vacant shopping malls, with the sponsor arguing it would help towns address blight, encourage redevelopment, and potentially create housing and tax revenue.
MN
Transcript Highlights:
- c><00:09:58.480><c> defraud</c><00:09:58.959><c> our</c> trust fund that tries to defraud our trust fund
- I believe that the UI trust fund was in the 2 to 30...
- If these numbers are anywhere close, these estimates of 200, 300 million a year out of our UI trust fund
- If these numbers are anywhere close, these estimates of 200, 300 million a year out of our UI trust fund
- </c><00:42:41.359><c> to</c> of our UI trust fund or 500 million to of our UI trust fund or 500 million
Committee:
House Ways and Means
MN
Minnesota 2025-2026 Regular Session
Agency resources to help veterans' initiatives 3/4/26
Minnesota House Floor Meeting
Transcript Highlights:
- We have our own ways to find our funds.
- </c> also with the funding of buying food. also with the funding of buying food.
- Uh, in the Army, we have this conversation of trust but verify. We have a lot of trust with you.
- </c><00:18:16.160><c> but</c> we have this conversation of trust but we have this conversation of trust
- We have a lot of trust with you. verify. We have a lot of trust with you.
TX
Transcript Highlights:
- The department along with all of our partners has been busy putting the centennial fund and the funds
- . with full allocation requests, as well as the events trust fund and the major reimbursement. major
- We also support full funding... for tourism promotion and support the events trust fund and major events
- The Texas Land Trust Council is kind of the coalition of the 30-plus land trusts here in the state.
- The funds that they raise at those events help generate the funds that we need for habitat restoration
Committee:
House Culture, Recreation & Tourism
MN
Minnesota 2025-2026 Regular Session
House committee approves bill to eliminate Public Safety Advisory Council, HF1257 3/11/25
Transcript Highlights:
- <00:03:34.560><c> commissions</c><00:03:35.439><c> or</c> funded commissions or funded commissions or
- We don't want to break the trust.
- We don't want to break the trust.
- </c> packet because they're nonprofits funded packet because they're nonprofits funded by<00:13:39.440
- I'm not even sure, especially NAMI, how much state funding they even receive.
Summary:
House File 1257, which would eliminate the Public Safety Advisory Committee to the POST Board, was the final bill heard. The bill’s sponsor argued the committee was created in 2020 in response to post-Floyd criminal justice reforms but had since become obsolete because local agencies and communities had created their own oversight bodies and the main POST Board still includes citizen members and public participation. The sponsor said the advisory committee had run out of issues to address and was effectively meeting just to justify its existence.
Former Representative Carlos Mariani testified in opposition, saying the committee was a bipartisan part of the 2020 Minnesota Police Accountability Act and was intended to preserve citizen involvement in policing policy and protect civil and human rights after George Floyd’s murder. He argued that eliminating it would weaken a state-level structure created to rebuild public trust and ensure consistent oversight, while still allowing local efforts to continue. Another member asked about compensation and noted the committee has a $20,000 ongoing appropriation through the POST Board; the sponsor clarified members are not individually compensated beyond per diem and travel.
After discussion, the sponsor renewed the motion to recommend re-referral to the General Register. The committee voted, and the motion carried, sending House File 1257 to the General Register.
AR
Arkansas 2026 1st Special Session
REVENUE & TAXATION- HOUSE Jun 17th, 2026
Transcript Highlights:
- The funds from the excise tax on soda go into the Medicaid Trust Fund. Medicaid Trust Fund.
- Is that the only money that's given to the trust fund? No, sir.
- There's several other revenue sources that go into the trust fund.
- I believe there are... ...other revenue sources that go into the trust fund.
- My brief follow-up to that would be, when money is requested to come out of the Medicaid trust fund,
Summary:
The committee met to approve special expenses and then considered two interim study proposals. ISP 2025-069, by Representative Perry and presented by Representative Eaton, would move vehicle sales tax collection from the current registration-based process to the point of sale. Members asked about the current 60-day registration period, the fiscal and administrative impact on DFA, the burden on dealerships, verification and audit issues, and whether the change could affect tax collection or vehicle pricing. DFA said it was neutral on the proposal, noted programming and process changes would be needed, and said the total tax collected would not change, though timing would. The committee approved the ISP and sent it on for research.
The committee then took up ISP 2025-071, based on House Bill 1636 from the 2025 session, which would phase out the state soda excise tax over five years if Medicaid trust fund revenue triggers are met. Representative Ray said the bill was intended to continue discussion after the underlying bill failed on the House floor. Members asked about the tax’s annual revenue, its dedication to the Medicaid Trust Fund, and whether the revenue would be replaced. Ray estimated the tax brings in roughly $40 million to $50 million annually and said the proposal did not replace that revenue. DFA was asked to explain how withdrawals from the trust fund are authorized and whether the legislature has oversight, and said it would provide that information later. The committee then adopted the interim study proposal.
MN
Transcript Highlights:
- en RTF from trust fund I'll be saying en RTF from time<00:03:01.400><c> to</c><00:03:01.599><c> time
- </c> trust fund especially in communities trust fund especially in communities that<00:18:11.600><c>
- "The Environment and Natural Resources Trust Fund, or ENRTF for short, is a permanent fund in the State
- "The trust fund is operated similar to an endowment, and a percentage of the value of the fund can be
- fund is operated income the trust fund is operated similar<00:41:03.119><c> to</c><00:41:03.280><c>
Committee:
House Ways and Means
CA
California 2025-2026 Regular Session
Assembly Floor Session Sep 9th, 2025
California House Floor Meeting
Transcript Highlights:
- non-trust use does not impair or harm existing public trust uses and that such leases promote increased
- Since 1990, the Habitat Conservation Fund has funded projects across California protecting critical ecosystems
- When communities can't trust the directions of public safety officials, if they are unsure who to trust
- SB 627 is about trust and accountability.
- When attendance drops, funding disappears, and when funding disappears, all students suffer regardless
Summary:
The Assembly convened, established a quorum after a roll call, observed a moment of silence for John Burton, and proceeded with the Pledge of Allegiance and routine procedural motions. Members approved a rule suspension to allow floor amendments on SB 271 and SB 67, and several committee notices and bill referrals were handled. The chamber then moved through a long third-reading file, with many bills passed and a number of items temporarily passed or retained on file.
Among the major measures approved were bills on civil rights and public safety (SB 477, SB 19, SB 36, SB 571, SB 580), health care and coverage (SB 257 on pregnancy as a qualifying life event, SB 530 on Medi-Cal access standards, SB 660 on health data exchange, SB 754 on menstrual product contaminant disclosure), housing and disaster recovery (SB 610, SB 655), transportation and climate (SB 533 on EV charging payments, SB 30 on diesel locomotives, SB 71 on CEQA exemptions for transit, SB 263 on tariff impacts), and natural resources/energy (SB 283 on battery storage safety, SB 88 on biomass emissions, SB 427 extending the Habitat Conservation Fund). The Assembly also passed urgency measures including SB 864 on tribal gaming compacts, SB 663 on wildfire-related property tax relief, SB 471 expanding DDS ombudsman authority, and SB 497 on privacy protections for legally protected health services.
Several bills drew notable debate. SB 41 on pharmacy benefit managers saw opposition over concerns about moving ahead before broader PBM data and licensing reforms take effect, but it still passed. AB 1340, a concurrence item on gig worker collective bargaining rights, prompted extended debate over labor rights, consumer costs, and union influence. Other concurrence items included AB 671 on restaurant permitting, which passed without opposition. The Assembly also took up SB 640 on direct admission to CSU, SB 702 on demographic reporting for appointees, SB 710 preserving a solar property tax exclusion, and SB 793 on counterfeit lighter safety, all of which passed. The session ended with the Assembly continuing through the file, including concurrence votes and additional bill actions, with most measures approved by substantial margins.
HI
Hawaii 2026 Regular Session
House Chamber - Wed May 6, 2026, 9:00AM HST - Day 57
Hawaii House Floor Meeting
Transcript Highlights:
- </c> funded with this extension that's onset. funded with this extension that's onset.
- </c> allocating the funding for it. allocating the funding for it.
- portion of those funds.
- Thank you, Madam Speaker." development special fund. I surveyed my development special fund.
- </c> stewardship of the public land trust. stewardship of the public land trust.
NH
New Hampshire 2025 Regular Session
House Finance (04/03/2025)
Transcript Highlights:
- </c><00:04:58.840><c> posted</c> education trust fund we also have posted education trust fund we also
- and the education trust fund.
- Page five, as I mentioned, was the education trust fund.
- Page five, as I mentioned, was the education trust fund.
- </c><00:13:45.120><c> fund</c> mentioned was the education trust fund mentioned was the education trust
Summary:
The House Finance Committee met for final approval of HB 1 and HB 2, with legislative budget staff Michael Kain reviewing the final amendment documents and surplus statements. Kain explained that HB 1474H and HB 1484H incorporated the committee’s prior votes and the Governor’s recommended sections, and he walked through the budget math for the general fund, education trust fund, Highway Fund, and Fish and Game Fund. He said the committee’s proposal remained balanced overall, though the current-year general fund showed a projected deficit that HB 2 would address by allowing a possible rainy day fund transfer if needed. He also noted that the committee’s revenue estimates were below the Governor’s, requiring reductions and adjustments to appropriations and lapse assumptions.
Members discussed the rainy day fund provisions, including a section in HB 2 that suspends existing restrictions so a transfer can be made if the deficit materializes. Kain said the committee’s approach differed from the Governor’s because the state was not below the overall revenue plan, and the fiscal committee would retain a role in determining any transfer. He also summarized that the Highway Fund would end with about a $13 million balance and Fish and Game with about $3 million, both without additional general fund support.
The committee then adopted two amendments to HB 2 unanimously: Amendment 1473H, a technical cleanup to the Group 2 retirement seven-year rule, and Amendment 1482H, a technical correction to the recreational services language. Amendment 1484H, which incorporated those changes into HB 2, was adopted on a 14-1 vote after minority members objected to the bill’s broader cuts and policy changes, including reductions to state agencies, health and human services, and education-related provisions. The committee also adopted Amendment 1474H to HB 1A on a 14-1 vote after similar debate over budget reductions, vacancies, university funding, and school spending limits. Finally, the committee voted 14-1 to report HB 1A and HB 2 as amended as ought to pass, with the minority voting no and the committee planning a full House presentation the following week.
MN
Minnesota 2025-2026 Regular Session
House Workforce, Labor, and Economic Development Finance and Policy Committee 3/10/26
Workforce, Labor, and Economic Development Finance and Policy
Transcript Highlights:
- trust fund, but there uh nature of the trust fund, but there have<01:25:53.920><c> been,</c><01:25:54.239
- Um there's also a base tax trust fund.
- </c><01:32:03.120><c> fund</c> increases the level of the trust fund increases the level of the trust
- fund trust fund was wondering if uh this fund trust fund was ever<01:36:18.320><c> replenished</c><01
- trust fund is accounting, the UI um uh trust fund is accounting, it<01:42:33.520><c> actually</c><01:
Keywords:
energy efficiency, construction standards, building codes, environment, sustainability, 1183, house
NM
New Mexico 2025 Regular Session
House - Appropriations and Finance Mar 20th, 2025
House Appropriations & Finance
Transcript Highlights:
- To, uh, behavioral health and the Medicaid trust fund, uh, there is categorically lines in there.
- If not, those funds will stay in place till 2030 and then trigger back to the early childhood trust fund
- Um, what, um, funding was added to, with, uh, trust funds?
- trust funds?
- We added 100 million to the Medicaid trust fund, uh, I mean the Behavioral Health Trust Fund.
Committee:
House House Appropriations & Finance
CA
California 2025-2026 Regular Session
Joint Legislative Audit Committee Jun 1st, 2026
Joint Legislative Audit
Transcript Highlights:
- these funds.
- And then we have funding.
- That's a daunting amount of different funding sources.
- And having audits that show that, yes, federal funds were appropriately spent, state and local funds
- A policy of SANDAG cannot override a funding restriction.
Committee:
House Joint Legislative Audit