Video & Transcript : 'index mutual fund' :
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TX
Texas 89th Regular
Trade, Workforce & Economic Development Mar 12th, 2025
Trade, Workforce & Economic Development
Transcript Highlights:
- As Ron Simmons testifying mutually on behalf of Texas Mutual Board, is that correct?
- Texas Mutual has been self-funded the entire time.
- In 2001, the fund went... from that to being an actual company, Texas Mutual Insurance Company, and it
- Today, Texas Mutual is the largest provider of insurance.
- They're not funded.
Bills:
HB406
MA
Massachusetts 2025-2026 Regular Session
Special Joint Committee on Initiative Petitions Jun 21st, 2026 at 01:00 pm
Transcript Highlights:
- The state's rainy day fund balance stands at about $8.3 billion.
- We have record funding for schools and essential services.
- With such a dramatic rollback in state funding, that goes away, right?
- We're first, right, as far as their public school funding goes.
- And the loss of funds for the Commonwealth, in terms of economic activity, And the loss of funds for
Summary:
The Special Joint Committee on Initiative Petitions held a public hearing on two proposed ballot initiatives: one to reduce the state personal income tax rate from 5% to 4% over three years, and another to revise the state’s tax collection cap/62F process so it would be based on prior-year collections plus wage growth and include surtax revenue. The committee chair and House co-chair outlined the hearing process, and the first witness was Doug Howgate of the Massachusetts Taxpayer Foundation, who testified as the committee’s subject-matter expert on both measures. He said the income tax proposal would lower taxes broadly but would reduce state revenue by about $5.4 billion when fully implemented, with an estimated $800 million hit in FY27, and he discussed possible effects on competitiveness, taxpayer savings, and public finances. On the 62F proposal, he said the revised cap would make refunds more likely, could have produced several large refunds in recent years, and would reduce stabilization fund deposits and constrain recovery after recessions.
Committee members questioned Howgate about competitiveness, outmigration, prior tax ballot measures, spending growth, MassHealth, and the interaction between the income tax and surtax. He emphasized that taxes are only one part of the state’s overall competitiveness and that housing, public services, and other factors also matter. He also noted that the surtax is constitutionally restricted but can still support ongoing spending choices. After his testimony, the committee moved to the proponents’ panel.
Proponents of both initiatives, including representatives from Taxpayers for an Affordable Massachusetts, the National Federation of Independent Business, Pioneer Institute, and the Mass Opportunity Alliance, argued that the measures would improve affordability, help retain residents and businesses, and support job growth. They cited polling support, outmigration, small-business reinvestment, and comparisons to lower-tax states such as North Carolina. Their economist, Rebecca Paxton, said her model showed smaller revenue losses than critics claim and projected that the revised revenue cap would not create additional annual revenue losses while producing more regular taxpayer refunds. Committee members pressed the panel on competitiveness, prior ballot initiative implementation, and whether the measures would actually address broader affordability pressures; the hearing ended with the committee continuing to take questions from the proponents.
HI
Hawaii 2026 Regular Session
ECD Info Briefing - Fri Jun 19, 2026 @ 1:00 PM HST
Hawaii House Floor Meeting
Transcript Highlights:
- So funded and or half half positions.
- </c><00:37:49.920><c> that</c> added into with additional funding that added into with additional funding
- </c> fund two more positions for UHERO. fund two more positions for UHERO.
- They're 100% soft money funded.
- </c> and we want tier two, we want turf funds and we want tier two, we want turf funds and<01:50:36.720
MN
Transcript Highlights:
- And so is there an expectation that, if we're holding the mutual fund or if we sell a mutual fund, are
- ><00:47:35.319><c> of</c><00:47:35.480><c> other</c> mutual funds and a bunch of other mutual funds and
- c><00:48:37.760><c> there</c> which is a mutual fund and so is there which is a mutual fund and so is
- c><00:48:41.720><c> we</c> holding the mutual fund and or if we holding the mutual fund and or if we
- That's why the mutual funds are excluded, because you don't have the ability to direct the mutual fund
Committee:
Senate Elections
MS
Mississippi 2026 Regular Session
Highways and Transportation - Room 216, January 14, 2026; 10:30 AM
Highways and Transportation
Transcript Highlights:
- that zone where it's hard to read, but I can tell you that we're at about a 94% customer satisfaction index
- 18.959><c> 94%</c><00:09:19.760><c> customer</c><00:09:20.160><c> satisfaction</c><00:09:20.880><c> index
- </c> about a 94% customer satisfaction index about a 94% customer satisfaction index which<00:09:21.839
- 2019, and this is the short title: to delete the provision that ceases payment of lottery proceeds fund
- monies into the state highway fund.
Committee:
Joint Highways and Transportation
WV
West Virginia 2026 Regular Session
Senate in Session Mar 11th, 2026 at 08:02 pm
West Virginia Senate Floor Meeting
Transcript Highlights:
- Engrossed House Bill 4626, relating to the establishment of a grant program to fund the United States
- Engrossed House bill 5323 relating to indexing of license and stamp fees.
- relating to indexing of license and stamp fees, second reading of the bill.
- House Bill 5692, Supplemental Appropriation, State Road Fund. First reading of the bill.
- Engrossed Committee Substitute for House Bill 5168, to increase funding for EMS first responders.
MN
Minnesota 2025-2026 Regular Session
House Transportation Finance and Policy Working Group 1/15/25
Minnesota House Floor Meeting
Transcript Highlights:
- </c> of funding there's also federal funds of funding there's also federal funds which<00:13:48.320><
- There's funding flow primarily into three major funds.
- There's funding flow primarily into three major funds.
- fund, and trunk highway fund mentioned here.
- </c> fund so you can see uh Aeronautics fund fund so you can see uh Aeronautics fund is<00:51:59.880>
WY
Wyoming 2026 Regular Session
Senate Floor Session-Day 12, February 23, 2026-PM
Wyoming Senate Floor Meeting
Transcript Highlights:
- </c> infringements with a taxpayer funded infringements with a taxpayer funded study.<00:26:28.400><c
- </c> wherever and they they u they're funded wherever and they they u they're funded for<00:53:42.400
- Our funding model was funding it at around about $120,000 or $130,000 and hitting about $150,000.
- . fund. fund.
- it funded all They did not fund and it funded all three<02:28:59.680><c> of</c><02:28:59.840><c> those
CA
California 2025-2026 Regular Session
Senate Energy, Utilities and Communications Committee Apr 13th, 2026
Energy, Utilities and Communications
Transcript Highlights:
- These requirements do not apply to mutual water companies, leaving shareholders of a mutual water company
- I served John Perez and dealt with Maywood Mutual Water Companies.
- And it is mutual water companies: only shareholders get water.
- Mutual water companies: only shareholders get water.
- None of that applies to mutual water company.
Committee:
Senate Energy, Utilities and Communications
ID
Idaho 2026 Regular Session
Agenda Jan 14th, 2026
FL
Florida 2025 Regular Session
February 19, 2025 - 03:30 PM
Transcript Highlights:
- are funded to 110%.
- funded to 120%.
- And I wanted to fund that.
- They're funded annually by the legislature, and we'll get into some of those previous funding models
- It was a static funding amount.
Summary:
The Human Services Subcommittee met with a quorum present and took up a presentation from the Department of Children and Families on HB 7089, which revises how Florida’s community-based care (CBC) lead agencies for child welfare are funded. Representative McFarland described the bill’s background, arguing that the prior formula relied too heavily on outdated, static factors and produced inequities among CBCs. She emphasized that the new approach is intended to provide a more stable, transparent, and statute-based funding method that better supports prevention, case management, and family services while reducing year-to-year political uncertainty.
DCF Chief of Staff Casey Penn explained that HB 7089 required an actuarially sound, reimbursement-based formula developed with CBC and provider input. The new model uses a cost-based structure with three tiers: Tier 1 for operational and administrative costs, Tier 2 for per-child/per-month service costs, and a possible Tier 3 incentive component for performance measures if the Legislature chooses to fund it. The model includes regional growth factors, inflation adjustments, a 2% risk corridor for Tier 2, a hold-harmless provision for agencies that would otherwise receive less than prior funding, and the ability for CBCs to retain some state general revenue savings. DCF said the model produced a total budget need of about $1.392 billion, roughly $28.6 million above the prior year after offsets, and that the department is also updating its child welfare case management system to improve data quality and future modeling.
Members asked about whether prevention spending is captured, how Tier 3 incentives would work and how much they might cost, how the formula accounts for insurance, hurricanes, child acuity, and staffing costs, and whether CBC executives’ compensation is capped. DCF said prevention is included in the model but is not yet separately broken out due to data limitations, Tier 3 is optional and not yet costed, and the formula can incorporate additional growth factors if needed. On executive pay, DCF explained that compensation is limited by statute for CBC contracts, but multiple contracts and non-state funding sources can affect total compensation; staff later clarified that CBC CEOs with multiple contracts had been reviewed for compliance. The meeting ended after questions, and Representative Miller moved to adjourn; the subcommittee adjourned without any vote on the bill.
CO
Colorado 2026 Regular Session
Colorado House 2026 Legislative Day 118 May 12th, 2026
Colorado House Floor Meeting
CA
California 2025-2026 Regular Session
Senate Energy, Utilities and Communications Committee Apr 13th, 2026
Energy, Utilities and Communications
Transcript Highlights:
- These requirements do not apply to mutual water companies.
- These requirements do not apply to mutual water companies, leaving shareholders of a mutual water company
- And it is mutual water companies: only shareholders get water.
- None of that applies to mutual water company.
- of art for public agencies, not for mutual water companies.
Committee:
Senate Energy, Utilities and Communications
Summary:
The committee heard a long agenda of energy, water, and utility bills. SB 952, SB 1417, SB 924, SB 925, SB 1011, SB 1168, SB 1196, and SB 1350 were all discussed, along with consent items SB 1008 and SB 1245. SB 952 would give the Department of Water Resources more flexibility in meeting clean energy procurement goals for the State Water Project; it drew support from the State Water Contractors and California Municipal Utilities Association and no opposition. SB 1417 would extend transparency and notice requirements to mutual water companies, especially in response to wildfire-related rate increases in Altadena; supporters described lack of notice, meeting access, and public accountability, while the California Association of Mutual Water Companies opposed the bill as overly prescriptive and potentially conflicting with existing law. SB 924 would modernize low-income energy assistance and weatherization programs to better measure affordability outcomes and tenant benefits, and it passed with broad support. SB 925 would direct the Energy Commission to develop a statewide roadmap for fusion energy; it was supported by industry and clean energy groups and passed without opposition. SB 1011 would require CPUC standards for human review of utility AI systems and labor consultation; supporters framed it as a safety and workforce protection measure, while utilities and business groups warned about cost, duplication, and overbroad regulation. SB 1168, now a study bill, would have the CPUC examine how data centers pay for load growth and rate impacts; it drew mixed reactions, with some industry opposition and some labor support after amendments. SB 1196 would speed utility hookups for ADUs and JADUs by allowing earlier applications and setting timelines; housing advocates supported it and it passed. SB 1350 would allow renewable portfolio standard credit for power plants using green hydrogen, with strong support from hydrogen, labor, and utility interests, but TURN opposed it unless amended, arguing it lacked safeguards against greenwashing and resource shuffling. The committee also approved the consent calendar and several bills were reported out on recorded votes, with most measures advancing on strong bipartisan support and a few no votes from Senators Strickland and Dahle on selected items.
LA
Transcript Highlights:
- SCR 22 requests a more detailed legislative auditor report on opioid settlement fund expenditures so
- We know that these funds are significant. We know that the crisis has cost lives.
- expand those funds out in the direct management?
- And what can we learn from that to be able to further expand those funds out in the direct manner.
- It’s not federally funded.
Committee:
House Health and Welfare
Keywords:
healthcare transparency, hospital pricing, consumer protection, collection actions, fines, naturopathic medicine, Louisiana Board of Naturopathic Medicine, licensing, healthcare, prescriptive authority, natural therapies, opioid treatment, regulation, addiction recovery, state law, SB 29, Act 732, coroner, autopsy, child death
MN
Transcript Highlights:
- <c> funding</c><00:59:27.200><c> gap</c> Without funding and this funding gap Without funding and this
- </c> funding necessary. funding necessary.
- contaminant fund, the water infrastructure fund, the PCIG grant program, and matching funds for the
- contaminant fund, the water infrastructure fund, the PCIG grant program, and matching funds for the
- contaminant fund, the water infrastructure fund, the PCIG grant program, and matching funds for the
Bills:
HF4710 , HF4055 , HF3848 , HF3989 , HF4599 , HF3767 , HF3592 , HF3575 , HF3574 , HF3543 , HF4606 , HF4489 , HF3891 , HF3438 , HF3811 , HF3400
Committee:
House Capital Investment
Keywords:
capital investment, water infrastructure, sewer systems, public funding, municipal development, Eveleth, wastewater treatment, state bonds, environmental compliance, infrastructure, bonds, economic development, local government, transportation, intersection improvements, Lake Elmo, HF4599, St. Joseph, Minnesota bonding bill, bond proceeds fund
AZ
Arizona 2026 Regular Session
03/25/2026 - Senate Regulatory Affairs and Government Efficiency
Regulatory Affairs and Government Efficiency
Transcript Highlights:
- license, we just don't have the enforcement we need, chiefly because the license fees provide the funding
- So without the funding to actually make a difference, I don't think this bill makes a difference.
- Do you feel like there's enough funding, or is there a funding issue with the nursing board in terms
- There is funding for that.
- water or wastewater rate until after December 31, 2026, unless growth-related fees are adopted to fund
Bills:
HB2072 , HB2251 , HB2279 , HB2308 , HB2323 , HB2342 , HB2400 , HB2408 , HB2456 , HB2660 , HB2697 , HB2868 , HB2873 , HB2877 , HB2910 , HB2946 , HB2955 , HB2991 , HB4001 , HB4010
Keywords:
Cesar Chavez, public holiday, state law, holiday repeal, Arizona Revised Statutes, midwifery, medication administration, healthcare, patient safety, advisory committee, licensed midwives, river trips, liability, outfitter, Grand Canyon, negligence, risk management, contractual waiver, dental practice, business registration
AZ
Transcript Highlights:
- to the Livestock Compensation Fund.
- appropriations for the fund.
- They actually are getting funding from the dollars that the livestock loss board doles out, and that
- funding streams are available.
- We simply don't have the funds to be able to support the request.
Committee:
Senate Natural Resources
Keywords:
air pollution, wildfires, environmental standards, public health, Arizona Revised Statutes, assured water supply, groundwater, commingling, commingled water, water supply, Arizona Department of Water Resources, ADWR, active management area, AMA, subdivision plat, development approval, water rights, municipal provider, private water company, certificate of assured water supply
AL
Alabama 2026 Regular Session
Alabama Senate County and Municipal Government Committee Mar 10th, 2026
County and Municipal Government
Transcript Highlights:
- Bill HB 273 creates a limited exception allowing municipalities and first responders to grant funding
- Bill HB 273 creates a limited exception allowing municipalities and first responders to grant funding
- >> Yes, sir. >> Just one uh this is we're not trying we're not circumventing anything from uh funding
- when they meet eligibility grant funding when they meet eligibility requirements<00:22:19.039><c> as
- um a particular u private funding um a particular u private entities<00:23:13.120><c> or</c><00:23:13.360
Committee:
Senate County and Municipal Government
Keywords:
education oversight, subpoena authority, investigation, State Superintendent, school misconduct, ad valorem tax, road funding, local government, referendum, Choctaw County, HB141, Alabama, state employees, salary deductions, payroll deduction, State Comptroller, membership dues, voluntary contributions, insurance premiums, financial instruments
OK
Oklahoma 2026 Regular Session
Business and Insurance 2ND REVISED Mar 5th, 2026 at 09:30 am
Business and Insurance
Transcript Highlights:
- From the chair, members, this is a very important bill, as Washington is changing the way they're funding
Bills:
SB1241 , SB1242 , SB1442 , SB1592 , SB1623 , SB1625 , SB1913 , SB1940 , SB1949 , SB2102 , SB592 , SB992
Committee:
Senate Business and Insurance
Keywords:
ticket sales, resale, consumer protection, fraud, bots, transparency, refunds, event tickets, medical marijuana, cannabis, marijuana license, commercial grower, grow operation, bond requirement, land reclamation fee, revolving fund, environmental remediation, redevelopment, Oklahoma Medical Marijuana Authority, OMMA
OK
Oklahoma 2026 Regular Session
Business and Insurance 2ND REVISED Mar 5th, 2026
Business and Insurance
Transcript Highlights:
- From the chair, members, this is a very important bill as Washington is changing the way they're funding
- Without this bill, when some... ...they're funding all kinds of things rapidly.
Bills:
SB1241 , SB1242 , SB1442 , SB1592 , SB1623 , SB1625 , SB1913 , SB1940 , SB1949 , SB2102 , SB592 , SB992
Committee:
Senate Business and Insurance
Keywords:
ticket sales, resale, consumer protection, fraud, bots, transparency, refunds, event tickets, medical marijuana, cannabis, marijuana license, commercial grower, grow operation, bond requirement, land reclamation fee, revolving fund, environmental remediation, redevelopment, Oklahoma Medical Marijuana Authority, OMMA
Summary:
The Business and Insurance Committee considered a series of bills focused on credit card interchange fees, insurance regulation, alcohol licensing, utility contractor authority, medical marijuana bonding, and business liability. Senators Thompson’s SB 2102 and SB 1940 sought to limit swipe fees on large financial institutions and on taxes and tips, respectively; both passed after questions about the asset thresholds and their impact on merchants and banks. SB 1625, by Senator Fricks, would let the Oklahoma Insurance Department prepare impact analyses on health benefit plan legislation, and passed unanimously. SB 1442, by Senator Dossett, lowered distiller licensing fees, created a microdistillery license, and restored a liability insurance proof requirement through an amendment; it passed 11-0. SB 1623, by Floor Leader Daniels, would revise the state credit union charter and passed 11-0. SB 1242, by Senator Hamilton, increased the bond required for medical marijuana grows from $50,000 to $100,000 and passed 10-0.
The committee also heard SB 1949 from Senator Logan, which would allow utility contractors to work closer to buildings on private property, up to five feet from structures, instead of stopping at the property line. The bill drew extended questioning from Senator Brooks about permitting, training, liability, and the relationship between utility contractors and plumbers; an industry representative testified that utility contractors already do much of the work under licensed plumbers and that the bill would reduce costs and speed projects, especially in rural areas. SB 1949 passed 8-2. Senator Reinhardt’s SB 1592 and SB 1913, both insurance-related committee substitutes, were described as ongoing negotiations aimed at homeowner insurance transparency and consumer protections; members were told the bills were still being refined, but both passed, 9-1 and 10-0, respectively.
Additional measures included SB 592, which would let distributors issue credits to retailers after repeated product replacements, aimed at reducing losses from poor inventory control at large retailers; it passed 9-0. SB 992 would provide civil liability protection for businesses and property owners when violent criminal acts occur on their premises, except in cases of gross negligence; it prompted debate over gun-free zones, security, insurance, and whether the bill would reduce incentives for safety measures, but passed 5-3. Finally, SB 1241 created the Oklahoma Fraud and Ticketing Accountability Act to address fake tickets, bots, deceptive resale websites, and venue liability in the live-event market; supporters included arts venues, and the bill passed 8-0. The committee adjourned after completing its agenda.