Video & Transcript Research : 'premium structure'

Page 85 of 489
TX
Transcript Highlights:
  • Ironically, our contract had... to quit funding at closure, but a reimbursement structure that didn't
  • I think the Chairwoman is dedicated, but you all and your other groups with different structures need
  • The way our rate is structured is not the same as the IDD rate.
  • How is this structured? I mean, what vendor provides this, or how's that done?
  • Medicaid only ended up having to pay our health insurance premiums through the HIP program.
Bills: SB1, SB 1
MN

Minnesota 2025-2026 Regular Session

Committee on Judiciary and Public Safety - Part 2 - 03/25/26

Judiciary and Public Safety

Transcript Highlights:
  • the risk and write premiums accordingly.
  • This should not limit their ability to evaluate the risk and charge premiums for the type of activity
  • , the ability of uh insurance premium, the ability of insurers<00:36:17.720> to<00:36:18.000><
  • This should not premiums accordingly.
  • for the type of and charge premiums for the type of activity<00:36:30.160> that's<00:36:30.400
Keywords: 1187, senate, all
HI

Hawaii 2026 Regular Session

RM 329 Conference PM - Fri May 1, 2026

Hawaii House Floor Meeting

Transcript Highlights:
  • Also added to the bill is a supplement for premium contributions for the federally facilitated marketplace
  • program within the Department of Human Services for individuals who qualify for federal advanced premium
  • <03:41:20.440> a<03:41:20.520> supplement<03:41:21.480> for<03:41:21.680> premium
  • is um a supplement for premium is um a supplement for premium contributions<03:41:23.280> for
  • federal advanced premium tax credit. federal advanced premium tax credit.
AZ
Transcript Highlights:
  • Lastly, the bill prohibits insurers from charging them higher premiums than those charged to 65-year-old
  • Lastly, the bill prohibits insurers from charging them higher premiums than those charged to 65-year-old
  • recently did an actual actuarial examination of this legislation and determined that it will cause premiums
  • A $700 increase in their Medicare supplement premium, which we would say is most likely as a result of
  • really the question becomes how this bill is going to impact the Medigap pool here in Arizona and premiums
Keywords: 1182, all
Summary: The committee heard House Bill 2433, which would require insurers offering Medicare supplement policies to people 65 and older to also offer them to Medicare beneficiaries under 65 with ALS or end-stage renal disease, with enrollment periods and premium protections tied to 65-year-old rates. Supporters, including dialysis and ALS advocates, said the bill would help a small population facing high out-of-pocket costs and could improve access to transplants and care; opponents argued it would shift costs onto older seniors and raise Medigap premiums. The committee recommended the bill do pass on a 12-0 vote. The committee also heard House Bill 2593, appropriating $1.5 million to the University of Arizona for the Arizona Perinatal Psychiatry Access Line. The sponsor and physicians testified that the line helps obstetric and pediatric providers quickly consult on perinatal depression, postpartum psychosis, suicidality, and other mental health crises, improving outcomes for mothers, children, and families and reducing costly emergency and crisis care. The bill received a do pass recommendation on a 10-1 vote. House Concurrent Resolution 2013, proclaiming June 2026 as Celebrate Life Month, drew emotional testimony from a young woman with spina bifida and another speaker supporting the sanctity of life. Some members objected that the state should focus on practical supports such as paid leave, child care, and health care access, while others supported the resolution as a statement of human dignity. The resolution passed the committee 7-5. The committee then approved House Bill 4010, creating a Board of Genetic Counselors and licensure standards, after testimony from genetic counselors and a patient advocate about the need for qualified counseling and better access; it passed 11-1. Later, the committee approved House Bill 2196, which would require pharmacy benefit managers to reimburse non-affiliated pharmacies at least their acquisition cost and pay a dispensing fee, and establish an appeals process. Independent pharmacists and their coalition said PBM practices are driving closures and unfairly favor affiliated pharmacies, while PBM and employer representatives warned of major cost increases and said the bill would interfere with private contracts; the bill passed 11-1. The committee also adopted a strike-everything amendment to House Bill 2182 requiring insurers and health plans to report claims denial and prior authorization data to DIFI, and then gave the amended bill a 12-0 do pass recommendation. Finally, the committee approved House Bill 2189, directing the Board of Nursing to update rules for licensed health aides and collect annual data, with the sponsor and board staff saying it would help implement routine ventilator care in the home; it passed 12-0. The committee then began hearing House Bill 2404, a strike-everything amendment on inter-facility transports for behavioral health patients, but the transcript cuts off before action on that bill.
MA

Massachusetts 2025-2026 Regular Session

Joint Committee on Higher Education Jun 21st, 2026 at 01:00 pm

Joint Committee on Higher Education

Transcript Highlights:
  • And recovery housing provides a structured community that helps students create new, healthy habits and
  • My recent study on students in recovery across the United States highlights the urgent need for structured
  • This bill addresses both the structural and the life-saving needs of students in recovery.
  • This bill addresses both the structural and the life-saving needs of students in recovery.
  • It provides eligibility for group health insurance with prorated premiums based on teaching load and
Keywords: 995, all
Summary: The Joint Committee on Higher Education held its fourth public hearing, opening with remarks about the importance of protecting and expanding access to higher education amid federal disinvestment. The chairs also announced future informational hearings on the impact of federal cuts and on ASAP models. The hearing then focused on several bills, beginning with S. 951/H. 1462, An Act to Support College Students in Recovery, which would require recovery-focused housing on public campuses and expand naloxone access and overdose training. Senator Rausch, medical professionals, students, and advocates testified in support, emphasizing the prevalence of overdose risk among college students, the value of recovery housing, and the need for campus naloxone; committee members asked about implementation details and the existing state pilot program. Deb Schmill and Rep. Tarski gave especially personal testimony in favor of the bill, and the committee discussed broadening the naloxone language to opioid reversal agents. The committee also heard testimony on H. 1461, which would expand MassReconnect scholarships to practical nursing students at vocational and technical schools to help address the long-term care workforce shortage. Rep. Stanley argued that vocational schools graduate more practical nursing students than community colleges and serve many low-income students in areas without nearby community college programs. The committee then took up H. 1433, which would require public higher education institutions to accept IEPs and 504 plans as sufficient documentation for disability accommodations. Advocates from the National Center for Learning Disabilities described the high cost and burden of repeat testing, the lifelong nature of disabilities, and the need for more uniform access across campuses; committee members raised questions about documentation freshness, campus autonomy, and how to preserve the integrity of accommodations. Later, the committee heard S. 919/H. 1454 on modernizing the Community College Endowment Match Program so community colleges could receive state matching funds for current-use donations as well as endowments and capital gifts. Community college foundation leaders said the change would help fund immediate student needs such as food pantries, child care, emergency aid, and equipment. The hearing then moved to faculty-related bills: S. 933 on UMass faculty rights and tenure transparency, S. 930/H. 3948 on contingent faculty rights and career advancement, and S. 940/H. 1429 on an Adjunct Bill of Rights. Testimony from faculty and union representatives focused on low pay, lack of benefits, job insecurity, and the need for clearer pathways to full-time positions and fairer treatment for adjuncts who teach large shares of courses. No votes were taken during the hearing; the committee primarily received testimony and asked clarifying questions.
AZ

Arizona 2026 Regular Session

01/15/2026 - House Floor Session

Arizona House Floor Meeting

Transcript Highlights:
  • Now, it was mentioned that there is a slight difference in the Arizona tax structure with regard to Social
  • When Arizonans can barely afford to pay their health care, this is not the time to increase their premiums
Keywords: 1182, all
Summary: The House convened with prayer, the Pledge of Allegiance, approval of the prior journal, and introductions of the Doctor of the Day and student guests, including JAG students and Hila Ben High School visitors. Attendance was recorded at 49 present, 3 absent, and 8 excused. The chamber then moved into Committee of the Whole to consider HB 2153, the annual tax conformity bill, which was described by supporters as aligning Arizona tax law with recent federal changes and providing relief through no tax on tips and overtime, a 25% increase in the child tax credit, a new child care expense deduction, and expanded senior retirement-income deductions. Opponents argued the measure would primarily benefit wealthy individuals and corporations, leave out some seniors without retirement accounts, and reduce revenue needed for public services. HB 2153 drew extensive debate and multiple questions about its effects on seniors, small businesses, wages, child care, and the timing of tax filing forms already issued by the Department of Revenue. Supporters emphasized taxpayer certainty, conformity with federal forms, and economic growth; critics said the bill was fiscally irresponsible and unfair. The Committee of the Whole approved the bill 31-26, and the House later adopted the report and referred the bill to engrossing. The House then took up the Senate mirror measure, SB 1106, substituted for HB 2153, and held floor explanations of vote. After further debate along similar lines, the House passed SB 1106 by a vote of 31-27 with 2 not voting and transmitted it to the Senate. The remainder of the session included personal privilege remarks, committee schedule announcements, a long list of first-read bills and referrals, and finally a motion to adjourn until Tuesday, January 20, 2026.
NM

New Mexico 2025 Regular Session

Other - PSCOC Dec 11th, 2025

Public School Capital Outlay Oversight Task Force

Transcript Highlights:
  • request for the New Mexico Military Institute's middle school due to both the cost of it and the structure
  • And we've heard from them that typically it carries about a 10 percent cost premium.
NM

New Mexico 2026 Regular Session

House - Appropriations and Finance Jan 22nd, 2026 at 02:01 pm

House Appropriations & Finance

Transcript Highlights:
  • includes our temp staff that work out of our facilities that we operate, and then kind of just the structure
  • For personnel spending, both recommendations fund increases in health care premiums and GSD rates, but
  • so both recommendations included increases for what we've all been talking about: employee health premiums
  • really great questions, but what—my understanding is, I'll be blunt, that the state is subsidizing premiums
  • During the LFC hearing on those oil and gas positions and the structure and all of those things, we wanted
Bills: HB1
MN

Minnesota 2025 1st Special Session

Committee on Energy, Utilities, Environment and Climate - 02/05/25

Energy, Utilities, Environment, and Climate

Transcript Highlights:
  • The structure of the proposal before you today basically mirrors the existing LIHEAP program so it can
  • The structure of the proposal before you today basically mirrors the existing LIHEAP program so it can
  • If you like your health insurance premiums, you're going to love your electricity rates.
  • If you like your health insurance premiums, you're going to love your electricity rates.
  • With Obamacare here, we drove up the premiums exponentially, just like we're doing electricity, and so
Keywords: 1187, senate, all
Summary: The Senate Energy, Utilities, Environment and Climate Committee heard Senate File 486, as amended by the A2 delete-everything amendment, which would create a supplemental, year-round energy assistance program administered by the Department of Commerce alongside LIHEAP. Senator Dibble said the bill is intended to help low-income households pay utility bills throughout the year, including summer months, by providing crisis grants, ongoing monthly assistance, emergency heating system repair or replacement help, outreach funding, and reporting requirements. The committee adopted the A2 amendment before hearing testimony on the bill as amended. Supportive testimony came from Annie Levenson-Faulk of the Citizens Utility Board, Jenny Glumac of the Minnesota Rural Electric Association, Amanda Mackey of Minnesota Valley Action Council, Ron Elwood of Legal Aid, Jamie Fitz of CenterPoint Energy, George Shardlow of the Energy CENTS Coalition, and Kent Sulum of the Minnesota Municipal Utilities Association. Witnesses said energy burdens are especially high in rural Minnesota, utility arrears and shutoffs have increased, and most shutoffs occur in summer when LIHEAP is unavailable. They argued that year-round assistance would help vulnerable households, reduce shutoffs, improve health and housing stability, and create administrative efficiencies by using existing LIHEAP infrastructure. Several witnesses cited data on the need for assistance, including high energy burdens in rural areas, more than 91,000 Minnesota households disconnected for non-payment in 2024, and the large share of LIHEAP recipients who are seniors, people with disabilities, children, or veterans. Amanda Mackey described a client story illustrating how energy assistance can stabilize a household and lead to broader benefits. Senator Mathews offered comments supporting help for households in need but said the bill is a stopgap and tied the need for expanded assistance to prior legislative actions that increased energy costs. The committee did not take final action on the bill in the portion of the transcript provided, and members indicated they would return to questions after testimony.
TX

Texas 89th 2nd C.S.

Culture, Recreation & Tourism May 12th, 2026

Culture, Recreation & Tourism

Transcript Highlights:
  • And if you could implement one structural change today, what would that be to stabilize?
  • And if you could implement one structural change today, what would that be to stabilize the fund?
  • Just if you had one tip of one structural change today to help stabilize Fund 9, what would that be?
  • I mean, there's some structure...
  • This is a significant investment in bringing these historic structures, which are iconic in a number
Keywords: 1184, house, all
CA

California 2025-2026 Regular Session

Assembly Health Committee Jun 16th, 2026

Transcript Highlights:
  • Care Court was created to provide a structured, voluntary, coordinated pathway to treatment for individuals
  • Care Court was created to provide a structured, voluntary, coordinated pathway to treatment for individuals
  • At the same time, this bill was estimated to increase premiums by $28 million.
Summary: The Assembly Health Committee heard several bills focused on mental health access, preventive care, health care costs, detention oversight, and daylight saving time. SB 989 would streamline Care Court referrals by allowing first responders to ask county behavioral health agencies to review and file petitions; supporters, especially firefighters and families, said the current process is too burdensome, while Disability Rights California and other opponents argued Care Court is coercive and unproven. SB 1089, as amended, would direct CalRx/HHS to help distribute GLP-1 medications more broadly and more affordably; the author described her own experience with the drugs, and the bill drew support from medical and life sciences groups with no opposition. SB 1309 would eliminate out-of-pocket costs for medically appropriate lung cancer screening follow-up care; cancer advocates and survivors strongly supported it, while health plans and insurers opposed it as costly and said the bigger problem is low initial screening rates. The committee also heard SB 1284, which would require DHCS to report large employers whose workers are enrolled in Medi-Cal and estimate taxpayer costs, framed by supporters as a transparency measure about corporate reliance on public coverage. SCR 7, urging permanent standard time for health reasons, passed with support from medical groups and no opposition. SB 995, the Masuma Khan Justice Act, would create statewide inspection and enforcement standards for large involuntary residential facilities, including private immigration detention centers and certain youth facilities; supporters cited unsafe and inhumane conditions, while county probation officials objected to duplicative oversight for secure youth treatment facilities. The committee took votes on each measure, and the bills and resolution advanced, with SB 1309 and SB 1284 moving on amended and the others also reported out; the consent calendar was approved as well.
LA

Louisiana 2026 Regular Session

House of Representatives May 29th, 2026

Louisiana House Floor Meeting

Transcript Highlights:
  • comprehensive weight management services, authority of the Office of Group Benefits, covered services, premiums
  • Members, there was just a correction in the bill that states structures, not the dilapidation of the
  • property, but the structure on the property.
Bills: HR310, HR314, HR316, HR317, HR321, HR275, HR276, HR279, HR282, HR286, HR289, HR292, HR295, HR302, HR319, HCR112, HR307, SCR59, SCR61, SCR62, SCR68, SCR69, SCR70, SCR54, SCR55, SCR64, SCR75, HCR3, HCR49, HCR66, HCR67, HB1, HB2, HB42, HB45, HB66, HB71, HB79, HB126, HB133, HB145, HB159, HB167, HB213, HB218, HB222, HB289, HB291, HB312, HB313, HB316, HB324, HB352, HB383, HB398, HB403, HB429, HB457, HB459, HB511, HB549, HB571, HB579, HB591, HB608, HB616, HB624, HB766, HB769, HB783, HB799, HB804, HB864, HB874, HB909, HB951, HB971, HB983, HB1005, HB1017, HB1051, HB1056, HB1095, HB1126, HB1129, HB1186, HB1193, HB1223, HB1224, HB1230, HB1235, HB1249, HB723, HB36, HB140, HB181, HB198, HB205, HB211, HB226, HB259, HB271, HB302, HB335, HB342, HB487, HB513, HB623, HB682, HB730, HB740, HB761, HB775, HB797, HB812, HB816, HB940, HB968, HB979, HB1028, HB1029, HB1038, HB1049, HB1084, HB1161, HB1194, HB1199, HB1201, HB1203, HB1247, HB1256, SB25, SB132, SB155, SB157, SB202, SB228, SB237, SB250, SB405, SB406, SB414, SB433, SB480, SB513, SB149, HB359, SB29, SB43, SB78, HB210, HB258, HB468, HB784, HB134, HB1117, SB42, SB274, SB382, SB449, SB300, HR74, HB463, HB715, HB998, SB80, SB268, SB444, SB479, HB901, HR20, HCR65, HCR71, HCR98, HB284, HB306, HB341, HB366, HB393, HB458, HB577, HB603, HB605, HB614, HB625, HB646, HB733, HB752, HB773, HB798, HB911, HB955, HB996, HB1035, HB1069, HB1113, HB1140, HB1180, HB1191, HB1240, HB1255, SB82, SB89, SB97, SB123, HB74, HB119, HB368, HB414, HB552, HB732, HB776, HB848, HB870, HB953, HB956, HB1236, SB208, SB217, SB283, SB387, SB389, SB401, SB408, SB469
OK
Transcript Highlights:
  • So Oklahomans at the end of this Session will continue to be paying the highest insurance premiums in
  • Speaker, for generations, we've had the same kinds of property tax structures in place.
  • And currently, the way our senior freeze program is structured today, it is a disincentive to work for
AZ

Arizona 2026 Regular Session

02/18/2026 - Senate Education

Education

Transcript Highlights:
  • It doesn't teach our young people about the structure of our government, what their civil rights even
  • so on, that's fine, but there's got to be a better way to do it than the way that this bill is structured
  • to divert limited education dollars away from classrooms and into litigation defense, insurance premiums
Summary: The Senate Education Committee heard and advanced a series of education-related bills and resolutions. SB 1572 would require public schools to observe Celebrate Freedom Week and provide civics instruction, including a Declaration of Independence recitation unless exempt; supporters said it would strengthen civics education, while opponents argued schools already provide similar instruction. It passed 3-2. SB 1798, as amended, would require each high school to designate a FAFSA point of contact and implement FAFSA awareness efforts; the Arizona Board of Regents supported it, while some members raised concerns about imposing mandates on charter schools. It passed 5-1 as amended. The committee also passed SB 1711, which directs the State Board of Education to develop and post age-appropriate resources on recognizing and preventing inappropriate contact, with supporters emphasizing prevention and opponents warning about conflicts with Arizona’s sex-education rules. SB 1004, as amended, would exempt certain student groups from chronic-absence consequences under a new attendance policy, and SB 1507, as amended, would require consolidation of certain small school districts in receivership, with added provisions on assets, elections, and CTED participation; both passed unanimously or near-unanimously. SB 1497, as amended, would require school districts with self-insurance programs and at least 300 employees to seek competitive quotes every three years and provide detailed claims and enrollment data; it passed 5-0. Later, SB 1424 would require annual age-appropriate firearm safety awareness instruction in public schools, limited to accident prevention and without live firearms or handling demonstrations; supporters framed it as basic safety, while some members objected to charter-school mandates. It passed 4-2. SB 1684 would create a cause of action against public schools for failing to address bullying after prior reports if a student suffers serious physical injury; opponents said existing law already covers such conduct and warned of litigation costs, but it still passed 4-2. SB 1741 would require schools to allow parent-consented release-time religious instruction and award academic credit under secular criteria; critics raised constitutional and instructional-time concerns, and it passed 4-2. SB 1754 would improve complaint handling for students with disabilities by requiring a designated helper and annual reporting on special education complaints, and it passed 6-0. SB 1763 would streamline handling of small instructional grants and set an August 15 deadline for annual financial report formats; it passed 6-0. Finally, the committee advanced SCR 1012, SCR 1041, and SCR 1051, which would expand Arizona Teachers Academy eligibility for community college students and place teacher pay and permanent school fund distribution measures before voters; each resolution passed on party-line or near-party-line votes. The committee then adjourned.
TX

Texas 89th 2nd C.S.

S/C on Workforce Apr 29th, 2025

S/C on Workforce

Transcript Highlights:
  • Surcharges, by virtue of the structure, name, and the manner in which they are collected, are not included
  • And what they do, say, if we go write a policy in California and they want to charge premium tax, and
  • Without dedicated structures of support, these young people face enormous barriers to re-engagement,
Summary: The subcommittee heard testimony on a broad agenda of workforce, labor, and workers’ compensation bills. HB 4676 would require political subdivision workers’ compensation networks to follow the same notice, access, and complaint rules as certified TDI networks; supporters said public employees and first responders deserve equal access to care, while municipal risk pool representatives opposed added regulation and said existing 504 networks already perform well. HB 4479 would create a rural workforce development grant program at TWC to support college-and-career readiness and local workforce alignment, and HB 3844 would define “opportunity youth” in state law to improve data, coordination, and access to services for disconnected young Texans; both drew strong support from rural, education, and chamber witnesses. HB 5545 would clarify federal tax treatment for wage-replacement benefits in non-subscriber injury benefit plans, with proponents calling it a win for employers and injured workers. HB 5118 would direct TWC and DIR to study AI and automated employment decision tools in hiring, including bias and oversight concerns. HB 1667 would move existing PTSD workers’ compensation language into a broader Labor Code chapter so more first responders, including state and campus officers, could qualify for benefits; supporters called it a technical fix to extend coverage more evenly across agencies. The committee also heard several first-responder and workers’ compensation bills. HB 2369 would speed up claims handling for injured first responders by allowing a single medical evaluation, giving carriers 60 days to accept or deny a claim, and letting workers seek treatment while disputes proceed; law enforcement supporters said it would help injured officers return to work faster, while opponents warned it would revive extent-of-injury waiver problems and increase litigation. HB 4483 would reclassify certain workers’ compensation maintenance taxes as surcharges to reduce retaliatory taxes imposed by other states on Texas-domiciled carriers, and HB 875, as revised by committee substitute, would create a small-project exception to municipal workers’ compensation and bonding requirements for certain low-value construction contracts in small cities; both were presented as cost-saving measures for Texas employers and local governments. HB 4415 would extend anti-retaliation protections for workers’ compensation claimants from first responders to all public employees and expressly waive sovereign immunity for those claims, with supporters describing it as closing a loophole that leaves public workers without the same remedy available in the private sector. The committee also took testimony on HB 5400, which would expand remedies for sexual harassment victims by removing the requirement to first file an administrative charge, extending the filing deadline from 300 days to two years, clarifying retaliation, and eliminating current damages caps. Supporters, including employment lawyers and a parent of a victim, said the current deadlines and caps prevent many survivors from obtaining counsel or full relief, especially younger workers and those in small workplaces or franchises. Across the agenda, witnesses repeatedly emphasized access to care, fair treatment for injured workers, rural workforce development, and stronger protections for vulnerable employees. After each bill was laid out and testimony heard, the chair generally closed the public hearing and left the bill pending; no final votes were taken, and the subcommittee adjourned after completing the agenda.
NM

New Mexico 2025 Regular Session

Senate - Finance Mar 1st, 2025

Senate Finance

Transcript Highlights:
  • One of the benefits of job architecture and then moving to a single salary structure, which we haven't
  • understand that working that investing scheme, where I don't mean scheme in a negative way, just the structure
  • The first is our very high medical malpractice premiums that are nearly twice what our neighboring states
NY

New York 2025-2026 Regular Session

Senate Standing Committee on Insurance - 02/03/2026

Insurance

Transcript Highlights:
  • Whether it's the premiums or the delivery of service, and also when it comes to property and casualty
  • have a great bill that would require that any bill that comes to you that deals with health care premiums
Keywords: 993, senate, all
Summary: The Senate Standing Committee on Insurance held its first meeting of the year on February 3, 2026, chaired by Senator Jamaal Bailey. The chair opened with introductions of committee members, staff, and guests from the Mount Vernon Youth Bureau’s Youth and Community Advisory Council, emphasizing the importance of bringing young people into the legislative process. Senator Pamela Helming, the ranking member, also offered opening remarks focused on affordability in insurance, especially health care premiums and property/casualty costs, and said she would be advancing a bill requiring fiscal notes for health care premium legislation. The committee then acted on five bills. Senate Print 1763A (Fernandez), concerning certain cost-sharing fees for outpatient and substance abuse treatment, was moved and referred to the Finance Committee. Senate Print 2644 (Addabbo), prohibiting retrospective denial of payment for substance use disorder treatment services, was reported to the floor without recommendation. Senate Print 3820B (Rivera), requiring health insurance coverage for anesthesia for the full duration of a medical procedure, was reported to the floor. Senate Print 4964 (Bailey), relating to excess line coverage for certain medical malpractice insurance, was reported. Senate Print 5052 (Payne), allowing insurers in certain circumstances to rescind or retroactively cancel a policy, was also reported. Throughout the meeting, members stressed that insurance affordability is a major concern for New Yorkers and that the committee would be addressing related issues during the session. The meeting concluded after the bill actions and brief closing remarks, with no recorded opposition on the measures beyond the noted without-recommendation report on Senate Print 2644.
ND

North Dakota 2025-2026 Regular Session

Budget Section Regulatory Division Jun 24th, 2026

Transcript Highlights:
  • The building authority—there's the option to do the lease payments, to do the bonding and structure as
  • know how much funding will actually be needed for it because of the way that funding mechanism is structured
  • This is, the CERC is structured so that there is a contract that is executed with the Industrial Commission
  • might be another consideration if this is moving forward again to remove that match requirement and structure
  • Just know that this is basically a conflict or a war premium, and today oil's trading at $70 a barrel
Summary: The committee took roll, approved the March 18 minutes, and then received a compliance-report update on the Industrial Commission and related funds and programs. Staff reviewed the status of one-time appropriations and grant programs, including electric grid resiliency, lignite research, enhanced oil recovery, the Clean Sustainable Energy Authority, the salt cavern business-case study, and the new NDSU research and technology park grant. Members asked about funding balances, reimbursement timing, matching requirements, and how some commitments would affect the State Investment Fund and future biennia. Industrial Commission staff then gave a broader update on the agency’s administrative office, grant management system, leadership transitions at several commission agencies, and active grant rounds. They reported that the grant management system is nearing completion, that several agency leadership searches have concluded, and that the commission’s grant programs currently have 108 active grants totaling more than $165 million. They also described the Clean Sustainable Energy Authority round, the oil and gas research program’s enhanced oil recovery awards, the grid resiliency grants, the salt cavern study, and the research technology park program, noting that some projects are awaiting federal funds or additional matching cash. Ron Ness, speaking for the Oil and Gas Research Council, focused on the state of the oil industry and the enhanced oil recovery “Bakken 2.0” effort. He said production remains steady, but future growth depends on better infrastructure, longer laterals, and new EOR methods such as CO2, natural gas, and surfactants. He emphasized the importance of the Bakkeneast pipeline and related gas-utilization projects, the recent DOE funding that will return some money to the research council, and the need to modernize tax and incentive rules for CO2-based recovery. Members discussed the potential economic benefits for oil, agriculture, and manufacturing. The Bank of North Dakota then presented its compliance report and a broader strategic update. Bank leadership reviewed the bank’s mission, governance, participation lending, student lending, disaster programs, and legislatively directed programs, and said the bank is managing for a flatter deposit base and stronger liquidity because of fintech competition and changing market conditions. They reported improved earnings, with net income rising to about $231 million, and described Rough Rider Coin as a new internal payment rail for North Dakota banks and credit unions, not a public cryptocurrency. Members asked about student loan eligibility, disaster lending, and the bank’s capacity to support state programs while maintaining its balance-sheet and liquidity requirements.
ND
Transcript Highlights:
  • I think there's been a structural change to use of office space.
  • I think there's been a structural change to use of office space, and then there's also been some economic
  • of our managers yesterday, and they really have themselves made some changes as a result of the structural
  • So what I'm describing is, in a fund-to-fund structure, what you have is a manager, and they go out and
  • Financial structure to manage.
Summary: The committee met to approve prior minutes and receive updates on the Legacy Fund transparency website and fund performance. Staff reported the website procurement was in contract negotiations, with a planned go-live around November 1, and that the site would provide downloadable, more transparent information on fund holdings, allocations, history, and legislative appropriations while protecting confidential data. The investment office then reviewed performance through January 2026, describing strong returns relative to benchmarks, noting real estate and fixed income as weaker areas, and explaining that the fund’s diversification and internal management had helped offset market volatility, including recent geopolitical impacts. Members also discussed the in-state investment program, especially the Bank of North Dakota’s CD-match allocation. Several members questioned whether the program had been static for years and whether the uncommitted balance should remain parked there if it was not being used. The committee voted to pause further transfers into the program until the Bank provides a report and the committee can consider possible statutory changes; the motion also requested a cost-benefit analysis from RVK, and it passed by roll call vote. In the afternoon, RVK presented its review of the investment policy statement as it relates to the in-state investment program. The consultant said it found no major policy impediments, and that implementers and stakeholders generally felt the program was proceeding as intended. RVK emphasized best practices such as third-party due diligence, competitive risk-adjusted returns, diversification, pacing, and exit strategies, while cautioning that required lower-return investments or spending commitments can create pressure on the fund’s long-term real value. The consultant also raised ancillary concerns about state-level concentration risk, the need to distinguish between public and commercial infrastructure, and the lack of a central repository for all state funding commitments to the same projects.
TX
Transcript Highlights:
  • Was that wasn't that whole structure part of an Negotiated deal from SB 5 in 2005 from the deregulated
  • Maybe you get your premium movies from one and your on-demand from the other.
  • Right, so you're seeing what is happening with regard to these incorporation structures in other states
  • Thank you. exploration and discovery to land on some of the structures that we put in place.
  • We want those resources. to come online and be used as part of our market structure.