Video & Transcript Research : 'foreclosure surplus'

Page 85 of 118
KY
Transcript Highlights:
  • Nonadmitted carriers who have been in Kentucky since 1970, as Adam said, they're surplus lines carriers
Summary: The committee met with a quorum and first took up Senate Bill 24, a measure aimed at combating property and casualty insurance fraud. Senator Girdler and witnesses from the Insurance Institute of Kentucky and the National Insurance Crime Bureau said the bill would expand the definition of a fraudulent insurance act to cover statements that misrepresent the scope of property damage or repair costs, with the goal of addressing inflated storm-damage claims and out-of-state bad actors. Members discussed whether existing prosecutors were already handling these cases, the role of Commonwealth’s attorneys versus the Attorney General, and the need to keep the bill narrowly tailored to criminal intent rather than negligence or ordinary disputes over value. The committee substitute was adopted, the bill received favorable expression, and a title amendment was also adopted. The committee then heard Senate Bill 18, which would address a shortage of insurance options for automobile dealers by allowing nonadmitted carriers to provide garage liability coverage in Kentucky. Testimony from an insurance agent and a legislative agent for Big I Kentucky described a shrinking market in which some small dealers cannot find coverage at all, risking closure. Members asked about the meaning of garage liability, consumer protections, solvency concerns, and whether more competition could lower prices; witnesses said surplus lines carriers already operate in Kentucky, agents play an important vetting role, and errors-and-omissions coverage would apply to the agent. The bill was supported as a way to preserve dealer businesses and expand coverage options, and it passed the committee with favorable expression after roll call.
FL

Florida 2025 Regular Session

February 4, 2025 - 09:00 AM

Transcript Highlights:
  • We've had great budgets the last four or five years and plenty of surplus.
Summary: The committee received an overview from Agriculture Commissioner Wilton Simpson on the Department of Agriculture and Consumer Services, including staffing, licensing, forestry, law enforcement, and consumer services. He emphasized agriculture as a major economic driver and a national security issue, arguing that Florida should protect farmland, aquifer recharge areas, and the wildlife corridor through the Rural and Family Lands program. He said the program is cost-effective because the state buys development rights rather than land outright, keeps land on local tax rolls, and helps preserve farmland in perpetuity. He also highlighted the Fresh From Florida marketing program, increased social media reach, and the department’s efforts to reduce vacancies and improve pay and efficiency. Members asked about nutrient management, citrus disease, housing, disaster recovery, wildfire prevention, interdiction stations, and concealed carry permitting. Simpson said SB 1000 and updated best management practice manuals, informed by University of Florida research, are helping agriculture use less water and fertilizer, and he described citrus greening as having devastated the industry while noting research, replanting programs, and CUPS as possible paths to recovery. On housing, he argued that allowing H-2A farmworker housing on farms would ease pressure on the broader housing market, and on disasters he described a zero-interest loan program for farmers affected by hurricanes and other events. He also detailed wildfire preparedness improvements, including upgraded helicopters, dozers, drones, and prescribed burns. The commissioner said ag interdiction stations are catching stolen semis, drugs, human trafficking, and other illegal activity, and that the department wants more technology, including X-ray scanning, to inspect more trucks. He also discussed concealed carry administration, saying the department cleared a large backlog and that constitutional carry reduced but did not eliminate permit demand because permits still provide reciprocity and other benefits. Members generally praised the department’s work, expressed support for rural land protection, Fresh From Florida, water-quality improvements, and foreign-interference concerns, and the meeting ended with no formal votes or other committee action beyond adjournment.
US

US Federal 2025-2026 Regular Session

US House Floor Proceedings (Wednesday, May 21, 2025 - Part 2)

US Federal House Floor Meeting

Transcript Highlights:
  • But then President Clinton takes office, and in his eight years turns a deficit into a budget surplus
  • The 2001 tax cuts, the 2003 tax cuts, turn a budget surplus into a massive deficit.
  • TURN A BUDGET SURPLUS INTO A MASSIVE DEFICIT.
MN

Minnesota 2025-2026 Regular Session

Committee on Finance - Part 1 - 04/28/25

Finance

Transcript Highlights:
  • Um, so there's a surplus in that account right now, and this just increases that appropriation. dealing
  • Line 117, there is a se... a couple surplus in that in that account right surplus in that in that account
Keywords: 1187, senate, all
NH

New Hampshire 2025 Regular Session

Senate Commerce (04/08/2025)

Commerce

Transcript Highlights:
  • Sections three and four is a pure cleanup operation for language related to unadmitted surplus lines
  • I don't know if any of you are particularly interested in surplus lines companies, but if you are, we
  • So why do we need to include the unadmitted surplus lines? I guess that was the question.
Keywords: 1191, senate, all
MN

Minnesota 2025 1st Special Session

House Workforce, Labor, and Economic Development Finance and Policy Committee 3/27/25

Workforce, Labor, and Economic Development Finance and Policy

Transcript Highlights:
  • It's not really related to this, but it sounds like there's going to be this extra surplus of money in
  • Any final comments, and we'll let you go. be this um extra surplus of money in a be this um extra surplus
MN

Minnesota 2025 1st Special Session

House Public Safety Finance and Policy Committee 3/11/25

Public Safety Finance and Policy

Transcript Highlights:
  • my colleagues, after a year in which we increased the state budget by 40%, spent an $8.5 billion surplus
  • her colleagues after a year in which they increased the state budget by 40%, spent an $8.5 billion surplus
  • her colleagues, after a year in which they increased the state budget by 40%, spent an $8.5 billion surplus
Keywords: 1183, house
NH

New Hampshire 2026 Regular Session

Senate Session (06/04/2026)

New Hampshire Senate Floor Meeting

Transcript Highlights:
  • in addition to the $395 million in the rainy day fund, we would also have to have $100 million in surplus
  • 44.719> in would also have to have $100 million in would also have to have $100 million in surplus
  • 46.320> year<01:15:47.040> on<01:15:47.280> the<01:15:47.440> business surplus
  • in that year on the business surplus in that year on the business enterprise<01:15:48.159> and
Keywords: 1191, senate, all
WY

Wyoming 2026 Regular Session

Joint Labor, Health & Social Services Committee, May 15, 2026 - PM

Labor, Health & Social Services

Transcript Highlights:
  • And if nothing else, if they'll tell me the size of the surplus, which they have, and the total workers
  • the the<00:36:25.440> size<00:36:25.920> of<00:36:26.000> the<00:36:26.080> surplus
  • ,<00:36:26.640> which<00:36:26.880> they the size of the surplus, which they the size
  • of the surplus, which they have,<00:36:28.120> and<00:36:28.560> the have, and the have
Keywords: 916, all
AL

Alabama 2026 Regular Session

Alabama Senate Apr 7th, 2026

Alabama Senate Floor Meeting

Transcript Highlights:
  • Whereas the last federal budget surplus occurred in 2001 and the continued rise in the national debt
  • Whereas the last federal<00:41:34.960> budget<00:41:35.280> surplus<00:41:35.920> occurred
  • <00:41:36.200> in<00:41:36.280> 2001 federal budget surplus occurred in 2001 federal
  • budget surplus occurred in 2001 and<00:41:37.640> the<00:41:37.720> continued<00:41:38.240
Keywords: 920, all
Summary: The Alabama Senate convened with prayer, the pledge, and a quorum present, then quickly handled routine business including excusing absent senators, adopting the prior journal, and recognizing several guests in the gallery. The chamber also paused to honor Dr. Mark Sullivan, superintendent of Birmingham City Schools, with a Senate resolution commending him as the Alabama Education Association’s 2025-26 outstanding superintendent of the year. Senator Smitherman and Dr. Sullivan both spoke, with Sullivan highlighting Birmingham’s academic gains, reduced failing schools, and lower chronic absenteeism. The Senate then processed a series of House messages and confirmations. It concurred in SB 288 on agriculture authorities and SB 317 on the Alabama Commission on the Evaluation of Services, but non-concurred and sent SB 174 on natural resources and SB 32 on solid waste collection fees to conference. The chamber confirmed numerous appointments, including Rex Jones, William Donahue, Jim Massey, Jason Windham, Alexander Atwater, Charles Dean, Steve McKinnon, Bonnie Temple, Shaniqua Johnson-Enam, Dwayne Jenkins, Troy Skipworth, Gloria Watts, Tracy Doughty, Kevin Ball, Joe D. Briggs, Josh Bryant, Dylan Turk, David R. Pruitt III, and Carol Smitherman, with most confirmations passing on near-unanimous rolls. Committee reports advanced several House bills, including favorable reports on HB 224, 591, 614, 609, 444, 248, 611, 622, 92, and 556, with HB 248 amended. The Senate also adopted a resolution honoring the University of Alabama women’s wheelchair basketball team for winning the 2026 national championship, and another resolution recognizing the seriousness of the national debt and urging Congress to establish regular budget order. A resolution honoring retired Brigadier General Vandiver H. Carter as the 2026 Marion Military Institute Alumnus of the Year and a resolution commending John R. Cooper were also adopted. In local legislation, the Senate passed HB 635 for Choctaw County, HB 639 for Escambia County, SB 10 for Tuscaloosa County, HB 315 for class one municipalities after adopting a committee substitute and a friendly amendment, and HB 404 for class one municipalities. Finally, the Committee on Rules reported and the Senate adopted a special order calendar for the next legislative day, listing a wide range of bills for priority consideration, including measures on solar power facilities, homestead exemptions, education, guardianships, tax increment districts, legal tender, college tuition, crime victims compensation, motor vehicles, entertainment industry issues, campus chaplains, tax abatements, alcoholic beverage producers, data privacy, constables, insurance, municipal audits, income tax, public high schools, taxation, state health planning, and University of Alabama matters.
MN

Minnesota 2025-2026 Regular Session

Committee on Human Services - 03/19/25

Human Services

Transcript Highlights:
  • I mean, we have a, you know, a surplus, but, you know, all the people are saying we're going to have
  • I mean, we have a, you know, a surplus, but, you know, all the people are saying we're going to have
  • I mean, we have a, you know, a surplus, but, you know, all the people are saying we're going to have
  • I mean, we have a, you know, a surplus, but, you know, all the people are saying we're going to have
Keywords: 1187, senate, all
MN

Minnesota 2025-2026 Regular Session

House Floor Session: 2025 First Special Session 6/9/25 - Part 3

Minnesota House Floor Meeting

Transcript Highlights:
  • We changed, we turned that $239 million projected hole into a $20 million surplus, with just $22 million
  • We turned that $239 million projected hole into a $20 million surplus, with just $22 million of extra
  • We had the opportunity in the tax committee to give the surplus back. It's not our money.
  • probably recall, in the last biennium, the then majority of Democrats spent the entire $18 billion surplus
  • years ago, Democrats had total control and they pushed through 18, they burned through an $18 billion surplus
Keywords: 1183, house
NH

New Hampshire 2025 Regular Session

House Finance Division I (03/10/2025)

Transcript Highlights:
  • this action, it would be up to the LBA to figure out what’s likely to happen and put that in our surplus
  • I disagree with that because I think of the state's running a surplus, we should be trying to give the
  • I disagree with that because I think of the state's running a surplus, we should be trying to give the
  • <04:05:45.479> a think think of the state's running a think think of the state's running a surplus
  • we should be trying to give the surplus we should be trying to give the money<04:05:48.640> back<
Keywords: 1189, house, all
Summary: The committee met to continue work on House Bill 2, with the chair saying the goal was to finish the bill as given by the governor, though additional amendments were expected. Members first discussed the bail section and agreed to hold it for later because a separate House bail bill was expected on Thursday and could have significant county cost impacts. They also generally accepted the proposed reorganization of positions between Fish and Game, DNCR, and the Department of Environmental Services, but noted the need to review effective dates and funding details, including a possible double appropriation of $275,000 for a scientist position already funded in HB 1. A substantial portion of the meeting focused on environmental review and native plant-related sections moving functions from DNCR to DES. Members discussed changing the rulemaking timeline from 180 days to 90 days, and clarifying that “begin” means the public hearing stage. They also reviewed how fee revenue would shift between agencies in HB 1 so the budget impact would be net zero. The committee indicated it would prepare amendments reflecting these changes and revisit them at a later vote. The longest discussion concerned the boathouse provisions. Members debated whether the new definitions and construction standards were appropriate in a budget bill, with one member arguing they should be in a separate bill, while others said the provisions were urgent because of a lawsuit and the lack of clear guardrails. Concerns included the February 20, 2025 effective date, which some thought might be retroactive, the detailed limits on what may be stored in a boathouse, and a fee increase that some felt could discourage homeowners from seeking permits. The committee also questioned whether the fee structure should be tiered for smaller projects and whether permit-by-notification projects should be exempted. No final votes were taken on these sections during the discussion; instead, members agreed to seek legal and policy answers and to return with amendments and public hearing input before voting.
NH

New Hampshire 2025 Regular Session

House Ways and Means (01/13/2025)

Transcript Highlights:
  • /c><02:19:33.000> um<02:19:33.399> during<02:19:33.719> the sign significant Surplus
  • um during the sign significant Surplus um during the recovery<02:19:34.599> and<02:19:34.840>
  • The state has also been able to use some of our surplus funds, and the additional revenues.
  • Again, the additional revenues have contributed to adding the surplus to the rainy day fund.
  • Again, the additional revenues have contributed to adding the surplus to the rainy day fund.
Keywords: 928, house, all
Summary: The committee meeting began with an overview from the Legislative Budget Assistant Office on how Ways and Means will work with agencies and leadership during the budget and revenue-estimating process. Staff explained that the governor’s budget is still being developed, agencies are cautious about going on record early, and the committee will use worksheets and updated fiscal reports to track estimates. The presentation emphasized that the fiscal year 2025 budget status is a point-in-time snapshot and remains fluid because the annual comprehensive financial report has been delayed, which could change the beginning balances for both the general fund and education trust fund. The budget update highlighted that the general fund is currently stronger than originally assumed, while the education trust fund is weaker. The speaker said the general fund began FY25 with a much larger balance than expected, while the education trust fund came in lower due to higher-than-budgeted adequacy spending and weaker business tax performance. Revenue trends showed the general fund slightly ahead year to date, but the education trust fund down significantly. The committee also discussed unbudgeted appropriations, including attorney general litigation, legal settlements, abandoned property claims, adequacy true-ups, and education freedom accounts, as well as the role of lapses and off-budget items in the final balance. Members asked about the delayed liquor commission audit and whether it could affect revenue forecasts. Staff said the delay was mainly caused by the commission’s switch in point-of-sale systems and staffing losses, but did not expect major ongoing reporting issues. They also noted that liquor fund variances are more likely tied to Medicaid expansion costs than to commission operations. The governor’s office was said to be working on possible budget reductions, but no January request to the fiscal committee was expected. Commissioner Lindsay Stepp of the Department of Revenue Administration then presented an overview of state revenue sources, focusing first on the meals and rentals tax. She explained that DRA administers 14 taxes that account for most state revenue, and that meals and rentals tax growth has slowed after strong post-pandemic gains. She described factors affecting the tax, including employment, inflation, fuel and food prices, wages, and weather, and noted that online platforms like Airbnb have improved compliance by collecting and remitting tax on behalf of hosts. Members asked about short-term rental compliance and how DRA identifies unlicensed rentals; Stepp said referrals, anonymous tips, and platform data help enforcement.
KY

Kentucky 2026 Regular Session

House Legislative Session Day 29 (2-18-26)

Kentucky House Floor Meeting

Transcript Highlights:
  • So, surplus property like a desk or a chair or something like that.
  • So, surplus property like a desk or a chair or something like that.
Summary: The House convened with an invocation and Pledge of Allegiance, established a quorum of 96 members, excused absent members, and approved the prior journal. The chamber also received Senate messages transmitting Senate Bills 969 and 141. Several bills were reported from committee and placed on the calendar, including measures on on-farm animal health, insurance regulation, crimes and punishments, employment, artificial intelligence, utility fuel adjustments, education, and addictive online platforms. The House then took up and passed Senate Bill 172, which allows the Public Service Commission to spread sudden fuel cost spikes over several months to reduce consumer bill shock. It passed 95-0. House Bill 392, dealing with local public agency transactions and procurement, was amended by committee substitute to remove disputed best-value procurement and residential bidder preference provisions, lower the small purchase threshold increase to $50,000, and add indexing and other local purchasing changes; it passed 97-0. House Bill 529, concerning the parole board, was amended to stagger board terms, allow limited term extensions, authorize panel hearings, and adjust parole review timing; it passed 99-0. House Bill 456, relating to unclaimed property and the state treasurer, was passed 100-0 after adding an unclaimed property awareness week, removing a residency requirement for the treasurer, clarifying mineral royalty reporting, and tightening reporting requirements. The House also passed House Bill 424 on social work licensure, which exempts student interns and trainees, sets supervision standards, updates licensure rules including multi-state licensure, background checks, and telehealth, and requires board representation from social work education; it passed 94-0. House Joint Resolution 50, directing a study of child care regulations and processes by the Auditor of Public Accounts, was adopted 98-0. House Bill 577, modernizing economic development statutes by renaming and updating innovation programs, expanding the Kentucky Enterprise Fund, allowing certain out-of-state companies to qualify if they relocate within 180 days, and broadening angel investor participation, passed 98-0. House Bill 213, reducing the service requirement for rehiring retired police officers from 20 to 15 years and allowing local employers to offer health benefits, passed 98-0. House Bill 58, on privacy protection and automated license plate reader data, was taken up with a committee substitute and floor amendment allowing limited data retention and training use under redactions; the transcript cuts off during explanation of the bill after the amendment was adopted.
HI

Hawaii 2026 Regular Session

HED Info Briefing - Fri Jan 30, 2026 @ 10:30 AM HST

Hawaii House Floor Meeting

Transcript Highlights:
  • And so, you know, on the plus side, I think, you know, we have a surplus of cash balances at this moment
  • You know, we have a surplus of cash balances at this moment, which is a wonderful thing for us as we're
Keywords: 910, house, all
MS

Mississippi 2026 Regular Session

Appropriations - Room 216, 22 January, 2026; 8:00 AM

Appropriations

Transcript Highlights:
  • So what are you expecting to have a surplus when you finish fiscal year?
  • So what are you expecting to have a surplus when you finish fiscal year?
Summary: The hearing began with the State Board of Architecture’s budget presentation. The executive director described the board’s mission to regulate architecture, landscape architecture, and certified interior design to protect public health and safety. He highlighted the board’s consolidated structure, license totals, high reciprocity rate, recent rule changes to reduce barriers to practice, and a proposed FY 2027 budget of $368,123, which included a 5% staff salary increase and higher operating costs. He also noted a newly identified need to modernize the licensing system, estimated at at least $25,000, and asked that the board not be reduced below the requested level. A board member also praised the small staff’s responsiveness and effectiveness. The State Board of Public Accountancy then presented its budget and policy requests. The executive director said the board regulates CPAs and CPA firms, oversees the CPA exam process, and has about 3,600 active individual licensees and 800 firms. The board requested only a 3% compensation increase for staff, plus a special request to allow an audit supervisor to repay the cost of a Becker review course through payroll deduction as part of succession planning. She also described a board-approved waiver program that began January 1, eliminating application fees for CPA exam candidates and retakes; 42 candidates had used the waiver in the first two weeks. In response to questions, she said the board does not assist CPAs with IRS disputes, but it does investigate complaints from the IRS, SEC, PCAOB, or others. Finally, a representative presented for the Board of Licensed Professional Counselors. She explained that the board regulates licensed counselors and psychotherapy providers, meets frequently, and has two staff members. The board’s main request was for additional investigative capacity: a full-time investigator and related funding, because complaints are currently handled by part-time investigators, contractors, and sometimes board members, which can require recusals from hearings. She said the state auditor had recently flagged complaint backlogs at regulatory agencies, supporting the request. The board also sought funding for a contractual administrative position, salary progressions, and a one-time technology increase to modify its new licensing system for the counseling compact and better search functions. Members questioned the board about its large cash balance, which was reported at about $860,000, and whether it should provide fee relief or other benefits to members; the presenter said the board would look into that and noted that revenues had increased significantly in recent years, partly due to out-of-state and telehealth-related licensing demand.
NV
Transcript Highlights:
  • Senate Bill 434 allows, with approval of the Interim Finance Committee, for transfers of surplus prescription
  • I've been on this committee now for four sessions, and a surplus of prescription drug rebates I've never
TX

Texas 89th Regular

Education K-16 Apr 22nd, 2025

Education K-16

Transcript Highlights:
  • Texas is one of the wealthiest states in the country, with a $33 billion budget surplus this year, and
  • That would explode our state revenue. ...budget surplus this year, and we could make college free.
Summary: The committee heard several education bills, with most of the discussion focused on Senate Bill 1835, Senate Bill 784, Senate Bill 1049, Senate Bill 2942, and Senate Bill 2928. SB 1835 would raise from 5% to 20% the cap on nonresident students who can receive resident tuition and fees through competitive scholarships at certain regional universities in slower-growing workforce development areas, provided the schools have capacity as determined by the Texas Higher Education Coordinating Board. Supporters, including West Texas A&M University, said the bill would help fill underused capacity, attract students who may stay and work in Texas, and support regional workforce needs. SB 784 would strengthen a prior law allowing peace officers’ children to transfer between public school districts for safety reasons by requiring both districts’ approval, making clear that districts of innovation are not exempt, and prohibiting tuition charges. SB 1049 would require districts and open-enrollment charters to excuse students, at a parent’s request, for religious release-time instruction for up to one hour per day and five hours per week; witnesses said the program is constitutional, voluntary, and already operating in other states and some Texas districts. Each of these bills was left pending after testimony, with no public witnesses opposing them. SB 2942 would expand and adjust the state’s adult charter high school pilot program. Senator Creighton said the bill is intended to help the estimated 7 million Texas adults without a high school diploma by removing barriers to expansion, aligning legal protections with ISDs, changing TEA’s disapproval window for expansion amendments to a 30-day period after receipt, and updating funding to reflect part-year attendance. A committee substitute kept the upper enrollment age at 50 and removed a proposed testing change. Testimony from New Heights students and leadership described the program as life-changing, emphasizing that it combines diplomas with career credentials, childcare, transportation, and other supports to help adults stabilize their families and enter better-paying work. TEA witnesses explained the expansion process and said adult charter schools are overseen by the commissioner rather than the SBOE. The committee substitute was adopted, public testimony closed, and the bill was left pending. SB 2928 would set a uniform school start date for public school districts at the third Wednesday in August, while preserving existing district-of-innovation flexibility for current DOI districts and allowing year-round systems to continue. Senator Creighton argued the bill would reduce the patchwork created by DOI exemptions, support students and families, and preserve summer employment and tourism revenue. A committee substitute was adopted. Testimony came largely from tourism, hospitality, and recreation interests, including hotel, water park, zoo, chamber of commerce, and camp representatives, who said later start dates would extend the summer travel season, improve staffing and revenue, and give students more opportunities for summer jobs and camps. Several witnesses cited large economic impacts from tourism and said early school starts reduce August business. Some senators raised concerns about charter schools being excluded and about year-round calendars, but the bill was left pending after testimony.
MN

Minnesota 2025 1st Special Session

Committee on Education Finance - 03/26/25

Education Finance

Transcript Highlights:
  • Currently, districts with three years of surplus in their food service fund balances still face restrictions
  • Currently, districts with three years of surplus in their food service fund balances still face restrictions
Keywords: 1187, senate, all