Video & Transcript Research : 'foreclosure surplus'
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ND
North Dakota 2026 1st Special Session
Advanced Nuclear Energy Committee Jun 16th, 2026 at 10:00 am
Advanced Nuclear Energy Committee
ND
North Dakota 2026 1st Special Session
Advanced Nuclear Energy Committee Jun 16th, 2026
Advanced Nuclear Energy Committee
Transcript Highlights:
- , which also accounts for data center growth, shows that North Dakota maintains a reliable energy surplus
- allow us to continue providing stable, low-cost power to North Dakota communities while exporting a surplus
Summary:
The committee met to review advanced nuclear energy issues in North Dakota, beginning with approval of the April 21, 2022 minutes. Nucleon presented an overview of the advanced reactor landscape, distinguishing light-water SMRs, advanced Gen 4 reactors, and microreactors. The presentation emphasized that light-water SMRs are the most near-term deployable and use familiar low-enriched uranium fuel, while many Gen 4 designs may require high-assay low-enriched uranium (HALU), which is not yet supported by a mature U.S. supply chain. Nucleon also noted that advanced reactors are being developed primarily for industrial heat applications, while microreactors are niche, higher-cost systems for remote or mission-critical uses. Committee members asked about fuel availability, safety, recycling, and whether large reactors such as AP-1000s were evaluated; the presenter said fuel development is proceeding in parallel but remains a bottleneck, and that siting and grid capacity often make SMRs more practical than gigawatt-scale plants in North Dakota.
Representatives from the National Association of State Energy Officials described how other states are supporting advanced nuclear through task forces, roadmaps, regional coordination, grants, tax incentives, workforce and supply-chain efforts, and pilot programs. They highlighted the Advanced Nuclear First Mover Initiative and said states are focusing on multi-state coordination, demand aggregation, regulatory coordination, waste management, workforce readiness, and community engagement. They also discussed affordability tools such as construction work in progress (CWIP), financing incentives, and consumer protections, citing examples from Kentucky, Texas, Virginia, Illinois, Missouri, Utah, Tennessee, and others. In response to questions, they explained that pilot programs often involve site-readiness and feasibility studies, and that the federal Nuclear Innovation Campus process is moving forward with multiple submissions while broader waste and recycling policy may require congressional action.
The Public Service Commission said it would likely have a major role in any North Dakota nuclear project through certificate-of-public-convenience-and-necessity review, siting, and rate regulation, but noted gaps in current law for small reactors, co-located facilities, NRC coordination, and long-term site stewardship. The commissioner said the commission has no authority over a private, self-contained reactor not connected to the grid. The Department of Environmental Quality explained that the state regulates radioactive materials under its agreement-state authority, but NRC retains primacy over fission reactors; DEQ would likely assist with emergency planning and could have a larger role if fusion reactors emerge. The Department of Emergency Services said it would serve as the lead off-site preparedness agency, requiring a dedicated radiological emergency preparedness program, training, drills, public outreach, and likely additional funding and staffing, with industry expected to bear much of the cost. The Department of Water Resources said North Dakota’s water laws and prior-appropriation system are adequate for nuclear siting, that the Missouri River is the best likely source, and that no statutory or budget changes are currently needed from a water perspective. The committee recessed for lunch after these agency presentations.
ND
North Dakota 2025-2026 Regular Session
Advanced Nuclear Energy Committee Jun 16th, 2026
Transcript Highlights:
- , which also accounts for data center growth, shows that North Dakota maintains a reliable energy surplus
- allow us to continue providing stable, low-cost power to North Dakota communities while exporting surplus
Summary:
The Advanced Nuclear Energy Committee met to review prior minutes and hear a series of presentations on advanced nuclear technology and state readiness. The committee approved the April 21, 2022 minutes. Nucleon’s William Bridge outlined the advanced nuclear landscape, distinguishing near-term light-water SMRs from more advanced Gen 4 reactors and microreactors, and emphasized that fuel supply, especially HALEU, remains a developing supply chain. He said light-water designs are the most deployable in the near term, while advanced reactors may be better suited for industrial heat applications and could face a 2- to 3-year delay from fuel availability.
Representatives from NASEO described how other states are supporting advanced nuclear through task forces, roadmaps, pilot programs, financing tools, workforce and supply-chain efforts, and regional coordination. They highlighted the Advanced Nuclear First Mover Initiative and stressed that states are focusing early on emergency preparedness, community engagement, waste management, affordability, and consumer protections. They also noted that some states are creating nuclear-ready community programs and cost-recovery guardrails, while public utility commissions are examining long-term lifecycle costs and rate impacts.
North Dakota agencies then outlined their potential roles. The Public Service Commission said it would likely be involved in public-interest review, siting, and rate regulation, but noted current statutes may not fully address long-term nuclear projects, co-location, or decommissioning. The Department of Environmental Quality said it would continue to regulate radioactive materials and likely support emergency planning, while fission reactor oversight remains federal. The Department of Emergency Services said it would serve as the lead off-site preparedness agency, needing a radiological emergency program, training, exercises, equipment, and possibly industry funding. The Department of Water Resources said North Dakota has sufficient surface water, especially from the Missouri River, but that water planning would be important; it did not recommend statutory or budget changes at this time. The committee recessed for lunch after these presentations, with no additional votes or actions taken.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 2 on Human Services May 18th, 2026
Transcript Highlights:
- balance in the May Revise, the $9.7 billion proposed to be deposited temporarily to the projected surplus
- never-before-seen levels, billions and billions and billions of dollars of unexpected forecasted revenue surplus
Summary:
The Assembly Budget Subcommittee on Human Services held a hearing on the Governor’s May Revision, with no votes taken. The first major discussion focused on child care and early education, including proposed reductions tied to federal Child Care and Development Fund and Proposition 64 revenue changes, the shift of reductions from general child care to the California Alternative Payment Program, the end of funding for prospective pay implementation, a 2.01% cost-of-living adjustment, child care infrastructure grants, and a proposal to increase administrative funding for alternative payment agencies. The Legislative Analyst’s Office generally supported removing prospective pay funding and urged caution on the administrative-rate shift, while also recommending more justification for the slot reduction approach and more detail on infrastructure grant alignment. Committee members strongly objected to eliminating about 6,000 child care slots, arguing the Legislature should preserve and expand child care access. The Department of Education supported the preschool QRIS block grant increase and the COLA but raised concerns about rate alignment for three- and four-year-olds and the lack of funding to maintain enrollment growth.
The committee then reviewed trailer bill language affecting child care, including codifying age-based reimbursement categories, expanding documentation for enhanced inclusion rates, clarifying CalWORKs child care eligibility, aligning health and safety standards with federal requirements, coordinating disaster-related infrastructure funding, and updating oversight language. Administration officials said the proposals were intended to support the single reimbursement rate structure, improve safety compliance, and coordinate disaster recovery funding. LAO said it had no major initial concerns with the trailer bill language but would continue reviewing it.
The hearing then turned to CalFresh and nutrition programs. CDSS described projected caseload declines, a one-time augmentation for county administration to implement federal H.R. 1 changes, a proposed reassessment schedule for county administrative funding, and updated estimates that H.R. 1 could cut CalFresh funding by $2.3 billion to $3.7 billion annually and affect about 500,000 people. Members pressed the administration on the impact of H.R. 1, the “chilling effect” on immigrant households, county workload, and whether the state should backfill federal cuts, especially for families with children subject to new work requirements. The committee also discussed a one-time CalFood augmentation, state administrative expense funding, staffing for H.R. 1 implementation, and a small increase to the CACFP meal reimbursement rate. Finally, the committee began IHSS items, including the impact of reinstating the Medi-Cal asset limit, automatic IHSS termination tied to Medi-Cal loss, and related savings and caseload estimates, with the administration explaining that these proposals would reduce eligibility and that there is no broad substitute for IHSS for many recipients.
TX
TX
CA
California 2025-2026 Regular Session
Assembly Higher Education Committee Mar 18th, 2025
Transcript Highlights:
- The Chancellor's Office did not fully inform legislators and students about CSU's $1.5 billion surplus
- The Chancellor's Office did not fully inform legislators and students about CSU's $1.5 billion surplus
Summary:
The committee first adopted its 2025-26 rules on a 7-0 roll call, then approved three consent items—AB 88, AB 240, and AB 313—on a due-pass motion to Appropriations. The hearing then moved to AB 648, which would give community college districts the same zoning authority as the UC and CSU systems to build student and staff housing on property they own or lease. The author and supporters argued the bill would help address severe housing insecurity and homelessness among community college students, while opponents and some members raised concerns about local control, zoning exemptions, and the impact on nearby communities. AB 648 passed the committee on a 5-2 vote and was sent to the Local Government Committee.
The committee next heard AB 466, which would require California Community Colleges and CSU campuses to provide organ and tissue donor registry information during student orientation, and request UC campuses to do the same. Supporters shared personal stories about transplants and donation, saying college orientation is a good opportunity to increase registrations. Some members worried about information overload during orientation and suggested campuses have flexibility in how they present the material, but the bill advanced on a unanimous 7-0 vote to Appropriations.
AB 326 followed, proposing campus-by-campus external audits of the CSU every three years and public release of the audits. The author, faculty supporters, and a student argued that systemwide audits do not provide enough transparency about how money is spent at individual campuses, citing examples of financial mismanagement and fee increases. CSU opposed the bill, saying it already conducts annual consolidated external audits and that campus-level audits would add cost without added benefit. After extensive discussion about transparency, audit scope, and implementation, the bill passed 6-1 to Appropriations. The committee then took up AB 335, which would create a California Black-Serving Institution Grant Program to support Black student success and broader underserved student services; supporters emphasized persistent equity gaps and low completion rates, while an opponent argued the bill needed to be carefully amended to comply with Proposition 209 and equal protection requirements. The transcript ends during that item’s discussion, before a final vote is shown.
MN
TX
Transcript Highlights:
- This would cost about $250 million, which is a small fraction of the surplus, but it would make a meaningful
- This would cost about $250 million, which is a small fraction of the surplus, but it would make a meaningful
Bills:
SB 1
Keywords:
campground safety, youth camp regulations, flood safety, emergency evacuation, health and safety standards
Summary:
The committee heard budget presentations from the Legislative Budget Board and agency officials on several agencies, starting with the Texas Historical Commission. LBB described a large biennial reduction driven mainly by the removal of one-time funding and discussed capital projects, rider changes, and exceptional items including Presidio La Bahia and the National Museum of the Pacific War. Senators asked about heritage trails, courthouse grants, unexpended balance authority, and the status of historical-site funding. Historical Commission leadership emphasized preservation, courthouse restoration, heritage tourism, coordination with the Alamo and other Texas Revolution sites, and requested additional IT, staffing, and vehicle funding. No votes were taken.
The committee then reviewed the Pension Review Board and the Employees Retirement System. The Pension Review Board’s budget was largely unchanged aside from IT maintenance and salary adjustments, with an exceptional item for additional IT enhancements. Members discussed the Dallas Police and Fire Pension System’s funding dispute and the need for a workable restoration plan. ERS presented a much larger budget, including funding for the retirement system, the group benefits plan, and the legacy payment intended to reduce unfunded liability. Senators focused heavily on pension investment returns, benchmark comparisons, and rising health-care costs, especially pharmacy spending driven by GLP-1 drugs; ERS said the plan covers about 540,000 lives and that premiums would rise 8% while benefits remain unchanged. ERS also said it had no exceptional items, and committee members requested more detailed benchmark information.
The committee also heard from the Texas Emergency Services Retirement System and the Cancer Prevention and Research Institute of Texas. TESSORS reported an unfunded liability, an infinite amortization period, and requested additional state support, staffing, and IT funding, including a statutory change to allow a higher contribution level; the agency warned that without more funding it may have to cut benefits. CEPRIT’s presentation covered its bond-funded cancer research and prevention portfolio, revenue-sharing from funded projects, and a request to increase salary limits for its CEO and chief scientific officer. Senators questioned CEPRIT’s accomplishments and return on investment, while CEPRIT cited screening, prevention, and research outcomes, including tens of thousands of detected cancers and precursors and hundreds of thousands of first-time screenings. The meeting ended after these presentations and questions, with no recorded committee action or vote.
CA
California 2025-2026 Regular Session
Senate Floor Session May 20th, 2026
California Senate Floor Meeting
Transcript Highlights:
- the governor and the majority party refused to pay back the $18 billion when we had a $100 billion surplus
Summary:
The Senate took up a series of bills focused on consumer protection, housing, worker safety, privacy, and local fiscal authority. Measures discussed included SB 1312 on abandoned cemeteries, SB 1112 on towing fee notices, SB 877 on insurance claim transparency after wildfire losses, SB 1046 on Cal/OSHA standards for Tijuana River Valley pollution exposure, SB 1091 on anti-displacement housing preservation, SB 951 on notice and protections when AI displaces workers, SB 1030 repealing the “man in the house” rule for public assistance, SB 1218 tying vehicle registration to unpaid illegal dumping fines, SB 1013 regulating automated license plate reader data, SB 1116 making technical changes to the starter home housing law, SB 1201 protecting veterans from food assistance cuts, and SB 1164 strengthening state voting rights protections. The Senate also considered SCR 171, declaring May 20, 2026, California Nonprofits Day, and welcomed Berkeley Mayor Adina Ishii during floor introductions.
Debate was often divided along policy and fiscal lines. Supporters of the local tax authorization bill AB 1768 argued it would let voters in Los Angeles and Contra Costa counties decide whether to backfill major health and human services cuts tied to federal changes, while opponents said it would raise costs, bypass normal tax-policy review, and worsen affordability. SB 1013 drew strong support from senators who said ALPR data needs tighter safeguards, but opposition warned the bill would hamper law enforcement investigations. SB 951 on AI-related layoffs received support as a worker-protection measure, while SB 1164 drew opposition over concerns about litigation and expanded Attorney General oversight. SB 1030 was framed as a long-overdue repeal of a discriminatory welfare rule, and SB 1201 was presented as a way to shield vulnerable veterans from federal food assistance cuts.
Most measures passed on strong bipartisan votes, often unanimously. SB 1312, SB 1112, SB 877, SB 1046, SB 1091, SB 1030, SB 1218, SB 1116, SB 1201, SB 1164, and SCR 171 were adopted, and AB 1768 passed as an urgency measure after extended debate. SB 951 also passed, with some no votes. The Senate then announced committee meetings for budget subcommittees and adjourned until the next floor session.
CA
California 2025-2026 Regular Session
Assembly Budget Subcommittee No. 5 on State Administration May 5th, 2026
Transcript Highlights:
- Given the current temporary surplus driven by the AI boom, it is only fitting that this unexpected windfall
Summary:
The Assembly Budget Subcommittee No. 5 on State Administration heard a series of budget proposals and informational items, beginning with the Department of Housing and Community Development’s HCD Connect system. HCD requested permanent authority for seven existing temporary positions to maintain and expand the system, and also sought funding and positions to implement eight 2025 housing-related bills. Members asked about how HCD Connect will interact with programs moving to the new Housing Development Finance Committee and about the revised implementation cost for AB 1053, which HCD said had dropped from about $6 million to $1.9 million because of shared infrastructure with HDFC and CalHFA. The committee also heard Cal ICH’s request for $339,000 to implement AB 678 on LGBTQ+ inclusive and culturally competent homelessness services, with testimony emphasizing the need for better data and training for a population disproportionately affected by homelessness and discrimination.
The Department of Financial Protection and Innovation presented three continuation proposals: funding for the California Consumer Financial Protection Law program, the Debt Collector Licensing Act program, and the broker-dealer/investment adviser continuing education program. Members and public commenters focused heavily on the debt collector licensing fees, the number of licensees, and whether assessments were too high compared with other states; DFPI explained that fees are set on a pro rata basis tied to net proceeds and that the workload remains substantial. Public testimony also supported DFPI’s student loan assistance work and raised a separate request for franchise broker registration funding. The committee then took up a mandate suspension item, voting to suspend a new disclosure mandate related to deferred property taxation, and heard trailer bill language from the Department of Finance on AB 91/MENA data collection, aimed at protecting federal funding, ensuring non-disclosure, and allowing more time for implementation.
The Secretary of State presented Help America Vote Act funding for VoteCal and the HAVA spending plan, as well as the Cal-Access Replacement System (CARS), the Notary Automation Program Replacement Project (NAP 2.0), and AB 1392 on confidential voter registration for elected officials and candidates. Members asked about project costs, timelines, user testing, and data migration; the Secretary of State said VoteCal funds would be exhausted in 2027–28, CARS is targeted for completion by November 2026, and AB 1392 would require system modifications and new confidentiality procedures. The committee also heard an informational overview from the California Arts Council, which described its 50th anniversary, the economic impact of arts funding, and the cultural districts program; public testimony strongly urged increasing Arts Council grant funding from $24 million to $50 million and adding support for cultural districts. Throughout the hearing, the committee took multiple vote-only actions approving the items before it, with votes recorded on the HCD, Cal ICH, DFPI, HAVA, CARS, NAP 2.0, and AB 1392 proposals, while some items were held open or discussed without a quorum at earlier points in the meeting.
NM
New Mexico 2026 Regular Session
IC - Legislative Finance Apr 27th, 2026
Transcript Highlights:
- With a surplus of funding, we're spending a lot more on the administration side of it, I think, than
NM
New Mexico 2026 Regular Session
House - Taxation and Revenue Feb 18th, 2026 at 08:43 am
House Taxation & Revenue
Transcript Highlights:
- We had a bunch of surplus of cash we could have given.
Bills:
SB240
Keywords:
capital outlay, capital projects, severance tax bonds, general fund appropriations, supplemental severance tax bonds, UNM School of Medicine, University of New Mexico, infrastructure, state buildings, courts, schools, higher education, road improvements, water and wastewater, tribal infrastructure, tribal projects, public safety, housing, emergency services, bonding
NM
Transcript Highlights:
- We obviously understand New Mexico is a unique state, and our Dean of Students' office has a surplus
Keywords:
graduate scholarship, higher education funding, New Mexico, appropriation, financial aid, education, documentary, historical figure, Padre Antonio Jose Martinez, Northern New Mexico State School, SB179, Senate Bill 179, UNM, University of New Mexico, medical Spanish, Spanish-language curriculum, health sciences, health professions education, language access, bilingual healthcare
FL
Transcript Highlights:
- And so because you all injected that general revenue surplus, we leverage that also with bonding.
Summary:
The committee held a panel discussion on micro-mobility device regulation and enforcement, focusing on e-bikes and e-scooters. Sheriff Robert Hardwick and Chief Jamie Cruz described serious injuries involving children, including crashes at high speeds, and argued that current law is outdated because it folds e-bikes into the bicycle statute. They urged a separate statewide framework with clearer age limits, licensing or training requirements, helmet rules, and penalties for modifying devices to go faster. Both also emphasized that parents should bear responsibility and that enforcement should include education, progressive discipline, and, if needed, civil citations.
FDOT District 6 Secretary Daniel Iglesias and DHSMV representative Lonnie Groner said their agencies are prioritizing education, outreach, and better data collection. They noted that micromobility devices are increasingly common, create safety and accessibility issues on sidewalks and shared-use paths, and are difficult to track because crash reports often do not identify them consistently. Members discussed whether motorized devices should be barred from sidewalks, whether riders should be licensed and insured, and how enforcement could be made uniform statewide. The panel also said manufacturers have not been meaningfully engaged and that local approaches vary widely.
The committee then heard 2026 legislative priorities from FDOT Secretary Jared Perdue and DHSMV Executive Director Dave Kerner. Perdue outlined FDOT’s large five-year work program, ongoing congestion-relief projects, investments in ports, airports, rail, workforce, heavy equipment, facilities, and cybersecurity, and the need to do more with flat revenues. Kerner summarized DHSMV’s agency bill priorities, including requiring a Florida address and proof of residence for vehicle registration, updating identification requirements, aligning tank vehicle and motor carrier rules with federal standards, improving IFTA administration, raising the crash-report damage threshold, and allowing electronic notices. No votes were taken, and the meeting adjourned after the presentations and questions.
FL
Florida 2025 Regular Session
October 15, 2025 - 11:30 AM
Transcript Highlights:
- property casualty was a business in the state, which includes property and casualty, business of surplus
TX
Transcript Highlights:
- Pumping because you've already taken the surplus out of the conversation.
Keywords:
groundwater, conservation, water permits, sustainability, resource management, 997, house, all
CA
California 2025-2026 Regular Session
Assembly Floor Session Jun 27th, 2025
California House Floor Meeting
TX
Transcript Highlights:
- Let's recall that this session's general revenue related surplus totals $24 billion while the ESF balance
Keywords:
redistricting, election, Texas legislature, district composition, political representation, congressional redistricting, Texas House of Representatives, U.S. House, Congressional districts, district map, district boundaries, gerrymandering, voting rights, election law, apportionment, representation, special committee, PLANC2308, redistricting plan, elections
TX
Transcript Highlights:
- Let's recall that this session's general revenue-related surplus totals $24 billion, while the ESF (Economic
Bills:
HB485, HB1367, HB1370, HB1827, HB1879, HB2032, HB2133, HB2357, HB3581, HB3830, HB4060, HB4085, HB4270, HB4979, HB5217, HB5268, HB5478, HJR96, HJR97, HJR119, HJR195, HJR209, SB4, SB23, SJR2, SJR85, SB 4, SB 23, SJR 2
Keywords:
healthcare, insurance, access, affordability, public health, emergency services district, sales tax, gas and electricity, residential use, tax exemption, emergency services, gas, electricity, HB 485, ESD, use tax, residential utilities, utility tax, local option tax, Texas Health and Safety Code