Video & Transcript : 'actuarial valuation' :
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WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy Apr 21st, 2026
Select Committee on Pension Policy
Transcript Highlights:
- Actuarial update. Thank you, Mr. Chair, members of the Executive Committee.
- For the record, Michael Harbour, actuary for OSA.
- Then in June, you'll hear about our latest actuarial valuation report and newly calculated contribution
- So we have an actuarial update coming, OSA, right? Annual update, your annual update.
- In June, we've penciled in a preliminary actuarial evaluation.
Committee:
Joint Select Committee on Pension Policy
Summary:
The committee first approved the November minutes by roll call vote, with a majority of members voting aye and some members excused. Staff then provided brief litigation updates: Fowler et al. v. Leathers remains pending in federal district court over interest calculations on transferred TERS funds, with summary judgment motions expected to be heard May 1; Dolan v. King County was decided against the state in Pierce County Superior Court on the issue of recouping attorney’s fees from a former PERS member, though no fees were assessed against the state in that case.
An actuarial update noted upcoming presentations on the agency’s work and the latest valuation report, including new contribution rates reflecting updated demographic assumptions. The committee then reviewed its draft interim work plan and correspondence items, focusing on requests related to Plan 3, Plan 1 COLAs, teacher retirement age, and a missed early retirement factor. Members discussed a possible study of Plan 3’s design and outcomes compared with Plan 2, including retirement ages and benefit adequacy, and staff was asked to work with DRS on a study outline.
The committee also discussed ongoing COLA requests and the need for retiree groups to bring forward a more formal proposal for the next budget cycle, with members noting that any recommendation should likely be made by October or November. Another major topic was the study of LEOFF 1 medical/disability boards, including how many boards exist, how they operate, and what costs they incur; staff said it was still gathering basic information and would provide an overview next month. Staff also explained planned changes to how correspondence will be handled and posted online due to cybersecurity concerns. The committee approved the May agenda by voice vote and then adjourned.
AZ
Arizona 2026 Regular Session
02/24/2026 - Senate Appropriations, Transportation and Technology
Appropriations, Transportation and Technology
Transcript Highlights:
- PSPRS did run the actuaries PSPRS did run the actuaries with our actuarial firm.
- And then when determining the true valuation actuarial information, that is taking that behavior into
- However, the true valuation of the actuarial liability would be $64 million, which would be a reduction
- However, the true valuation of the actuarial liability would be $64 million, which would be a reduction
- Well, that's just actuarial. What's the legal standpoint?
Bills:
SB1041 , SB1050 , SB1131 , SB1138 , SB1249 , SB1267 , SB1272 , SB1317 , SB1461 , SB1488 , SB1504 , SB1517 , SB1523 , SB1580 , SB1582 , SB1584 , SB1585 , SB1602 , SB1630 , SB1654 , SB1672 , SB1673 , SB1718 , SB1761 , SB1819 , SB1826 , SB1827
Keywords:
electronic monitoring, nursing care, assisted living, resident rights, privacy, consent, surveillance, veterans, lifetime pass, state parks, Arizona, access, disabled veterans, cardiac arrest, defibrillators, school safety, emergency response, CPR training, Arizona education funding, automated license plate readers
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy Apr 21st, 2026 at 11:30 am
Select Committee on Pension Policy
Transcript Highlights:
- Actuarial Update. Thank you, Mr. Chair, members of the Executive Committee.
- For the record, Michael Harbour, actuary for OSA.
- Then in June, you'll hear about our latest actuarial valuation report and newly calculated contribution
- So we have an actuarial update coming, OSA, right? Annual update, your annual update.
- So we have an actuarial update coming, OSA, right? Annual update, your annual update.
Committee:
Joint Select Committee on Pension Policy
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy May 20th, 2025 at 10:00 am
Select Committee on Pension Policy
Transcript Highlights:
- Can someone answer that as actuary here?
- The state actuary has recommended lower assumptions over time.
- There are also some actuarial reports and studies that are required by statute, so the state actuary
- I'm curious if the actuary is still here. Is he still here?
- And then with regards to smoothing, that will go through our standard actuarial valuation report we perform
Committee:
Joint Select Committee on Pension Policy
Summary:
The Select Committee on Pension Policy opened its 2025 interim with roll call, approval of the prior minutes, and a brief administrative update on meeting procedures, new members, and a planned change to hold officer elections in June rather than immediately. Staff then presented a high-level recap of the 2025 legislative session, focusing on pension-related bills affecting Plans 1, 2, and 3, including the failed Plans 1 COLA and month-of-death bills, enacted changes on retire/rehire rules, state actuary appointments, service credit purchases, excess compensation, and a budget proviso directing study of proposed LEOFF 1 merger/termination concepts. Staff also highlighted ESSB 5357, which changes funding policy and the assumed rate of return, and noted that a deeper briefing on that complex bill may be needed.
The committee then received an interim kickoff presentation explaining the SCPP’s role, membership, meeting structure, public participation, and the typical process for studying issues. Staff reviewed the draft interim work plan, which will be shaped by statutory studies, annual agency reports, legislative outcomes, stakeholder requests, and committee goals. Key upcoming work includes the mandated study of LEOFF 1 merger and termination concepts, the state actuary’s odd-year economic assumption recommendations, annual updates from DRS, OSA, the LEOFF 2 Board, and the State Investment Board, and other recurring reports such as the DRS benchmarking study and actuarial valuation materials. Members also discussed the importance of understanding asset smoothing and long-term funding impacts, and staff said updated contribution projections will be available later in the fall.
During public comment, several speakers urged the committee and the State Investment Board to address climate-related financial risk and divest from fossil fuels, arguing that current coal, oil, and gas holdings are too large and that existing screening methods undercount exposure. One commenter also asked the committee to consider climate risk in the upcoming long-term economic assumptions study. Another public commenter, representing school retirees and administrators, urged continued study of COLA proposals and asked the committee to review the recently enacted funding bill and a separate bill related to COLA financing. The meeting concluded with a short break and adjournment of the full committee portion before the executive committee session.
NH
New Hampshire 2025 Regular Session
Committee of Conference on HB 1, HB 2 (06/13/2025)
Transcript Highlights:
- . valuation. valuation.
- It's a economic actuarial multiplied.
- Very small, according to the actuary.
- </c> calculation, but just logic actuary calculation, but just logic actuary logic<04:03:20.880><c> says
- On a full valuation, we would that. Yes.
Summary:
The committee of conference on HB 1 and HB 2 met to review revenue estimates and begin working through a side-by-side of the budget. New Hampshire Lottery Director Charlie McIntyre testified that lottery revenues are outperforming prior estimates, projecting a $27 million return to the state this year, up $7 million, and $200 million per year in the next biennium, up $6.5 million per year. He attributed the increase to stronger scratch ticket sales, no negative impact from Massachusetts sports betting, and overall better performance. Members questioned the assumptions behind the higher numbers, including the proposed $50 scratch tickets, the effect of inflation, and whether the projections were conservative enough. McIntyre said the $50 ticket could produce modest growth and that the estimates were intentionally cautious. The discussion also covered gaming revenue assumptions for historical horse racing and video lottery terminals, with McIntyre saying the state market is not yet saturated and that future conversions from HHR to VLTs should be net positive for the state.
Members also discussed differences between House and Senate revenue numbers for gaming, including machine counts, daily revenue assumptions, and the tax split. The Senate version used higher machine counts and a 31.25% tax rate, with a quarter-point reserved for responsible gaming and the remainder split between charities and the state. The House had used a 30% rate with a different distribution. McIntyre and committee members also reviewed House Bill 2 items affecting Kino hours and local option games of chance, with McIntyre explaining that the bill would expand playing hours and shift towns to an opt-out model. No votes were taken during the lottery discussion, but the committee indicated it would continue refining the revenue model and circulate the spreadsheet used for the estimates.
The committee then moved through the HB 1 detail change sheet, accepting several Senate positions and holding others for later. It agreed to a zero-cost realignment in the Department of Safety moving the international fuel tax agreement function from administration to motor vehicles, and it restored eight passenger motor vehicle inspection positions for later discussion in HB 2. The Department of Corrections reorganization was set aside for a later, more detailed discussion. The committee also accepted no-change positions for the Department of Employment Security and agreed to a technical footnote fix in the Judicial Council section. It discussed a new HB 2 item moving contract counsel for involuntary mental health admissions from the judicial branch to the Judicial Council, funded at $100,000 per year, and noted that the public defender funding issue would be revisited when the overall budget picture is clearer. The meeting ended with the committee continuing its review of the remaining pages of the detail change sheet.
TX
Transcript Highlights:
- That's just a statement that the pension fund is actuarially sound.
- The definition of actuarial soundness is in statute, which is a funding period of less than 31 years.
- Our actuarial analysis...
- It worked to get actuarially sound. We've done 13 checks, I know at least twice.
- We've been struggling for years due to discrepancies between the state and local property valuations
Committee:
Senate Finance
AR
Arkansas 2026 Regular Session
ALC-STATE INSURANCE PROGRAMS OVERSIGHT SUBCOMMITTEE Jun 17th, 2026
ALC-STATE INSURANCE PROGRAMS OVERSIGHT SUBCOMMITTEE
Transcript Highlights:
- Item number 12 was then introduced: the contract for Actuarial Advantage, the actuarial provider for
- What we were finding when we worked with Actuarial Advantage is that there was no actuarial base to justify
- You can all take comfort that there is that very transparent, very solid actuarial foundation to what
- What we were finding when we worked with Actuarial Advantage is that there was no actuarial base to justify
- You can all take comfort that there is that very transparent, very solid actuarial foundation to what
Summary:
The State Insurance Programs Oversight Subcommittee met on June 17 and reviewed a series of Employee Benefits Division and Office of Property Risk items. Grant Wallace presented March and April formulary changes, explaining that the updates favored lower-cost generics, re-tiered some drugs, left several new-to-market drugs uncovered pending more evidence, and added quantity limits in some cases. The committee approved those formulary recommendations. The subcommittee also approved a cell and gene therapy policy that would exclude automatic coverage of those therapies and route them through prior authorization and review, with members noting the process should not delay urgent cases and that appeals remain available.
Members then discussed a UAMS professional consultant services contract amendment for pharmacy benefit consulting. The discussion focused on confusion over the dollar amount and scope, with Wallace clarifying that the committee was being asked to approve up to $2.596 million, including optional services related to coupon and rebate management that could be used later without returning for another approval. Several members raised concerns about matching the written contract to the approval amount and about the relationship to the current pharmacy benefit manager, but the committee ultimately approved the item with the understanding that any use of the optional services would return to the committee. The committee also reviewed, without objection, a Blue Cross/Blue Advantage third-party administrator contract, a CompSack employee assistance program contract, and approved proposed 2027 employee and public school health plan rates of 9.8% and 4.9% increases, respectively. Wallace also said the UnitedHealthcare rebid was in final negotiation and would return in August.
On the property risk side, the committee reviewed permanent rules for the property insurance program, a contingency-fee subrogation contract with Denenberg-Tuffly, and extensions for Sedgwick Claims Management, Actuarial Advantage, and Stevens Capital Management. Members asked about claim-adjustment delays after a major winter storm, and Wallace said performance guarantees and communication requirements had been added, with claims still expected to vary by case. The committee also approved 2026-27 captive insurance program rates, which included no change to minimum deductibles, lower rates for K-12 and higher education, a higher rate for state agencies, and an overall 10% reduction. Wallace said the reductions reflected improved actuarial foundations, better claims management, and the program’s first-year performance. The meeting adjourned after approving the rate item.
OK
Oklahoma 2026 Regular Session
Business and Insurance 2ND REVISED Mar 5th, 2026 at 09:30 am
Business and Insurance
Bills:
SB1241 , SB1242 , SB1442 , SB1592 , SB1623 , SB1625 , SB1913 , SB1940 , SB1949 , SB2102 , SB592 , SB992
Committee:
Senate Business and Insurance
Keywords:
ticket sales, resale, consumer protection, fraud, bots, transparency, refunds, event tickets, medical marijuana, cannabis, marijuana license, commercial grower, grow operation, bond requirement, land reclamation fee, revolving fund, environmental remediation, redevelopment, Oklahoma Medical Marijuana Authority, OMMA
MO
Missouri 2026 Regular Session
2026 Legislative Session - Day Twenty Three - Wednesday, February 18 -Afternoon Session-
Missouri House Floor Meeting
Transcript Highlights:
- And this just ...of $100,000 of valuation.
- And I think you did explain through the process of when assessed valuation goes up, and the district
- Yeah, because the net effect of the 18% increase in valuation.
- And I think you did explain through the process of when assessed valuation goes up, and the district
- This would prohibit county assessors from changing the assessment valuations on property... ...would
Summary:
The House established a quorum and then moved to House bills for perfection and printing. House Bill 2189, sponsored by the gentleman from Jasper, would allow five-year vehicle registrations, eliminate the current odd/even model-year registration rule, and limit the five-year option to vehicles six years old or newer. Members asked about emissions and safety inspections, insurance verification, and personal property tax compliance; the sponsor said the Department of Revenue could track those items electronically and that the bill was intended to simplify registration for citizens. House Amendment 1, which set the five-year fee at $45, was adopted, and the bill was then perfected and printed as amended.
The House then took up House Committee Substitute for House Bill 1790, a “fair ballot language” bill. The sponsor said it would require clearer ballot language for local tax levies, including stating tax rates in cents and their dollar impact, labeling propositions alphabetically, requiring disclosure when a measure would nullify a prior voter-approved sunset, and closing a loophole in the Hancock Amendment so taxing entities still roll back levies after reassessment while retaining voter-approved increases. Members generally supported the transparency goals, and a brief amendment adding a comma to existing statutory language was adopted. The committee substitute was then adopted, perfected, and printed.
House Committee Substitute for House Bill 2178 was then considered, with several amendments. House Amendment 1, offered by the gentleman from Pike, capped assessment increases at 15% over two years and provided a tax credit for amounts above that threshold; after a roll call, it was adopted 92-43. House Amendment 2, from the gentleman from Clay, prevented assessors from reclassifying short-term rental properties from residential to commercial solely because of short-term rental use; it was adopted after debate over whether LLC-owned properties should be treated differently. House Amendment 3, from the gentleman from Jackson, incorporated ballot-language provisions from earlier bills to require clearer labeling and disclosure on property tax measures, and it was adopted. House Amendment 4, also from the gentleman from Jackson, required assessors to disclose valuation methods and supporting data, set a 30-day refund deadline with interest for late refunds, and allowed taxpayers to recover certain litigation costs when appeals succeed; it too was adopted. The bill then continued with discussion of Hancock-by-subclass and related property tax issues, with members debating how the proposal would affect residential, commercial, and agricultural taxpayers.
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Nov 5th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- Director of PERA, just following up from our last meeting, told the committee we were finalizing our actuarial
- valuations for the last fiscal year, so these are the results we're going to be going over.
- Active membership, our actuaries—you see it on one of the graphs.
- Our valuation that we report to you on is a snapshot as of that point in time.
- But in the one-year hit, when we report the valuation, the actuarial value does go down.
MO
Missouri 2026 Regular Session
2026 Legislative Session - Day Twenty Three - Wednesday, February 18 -Afternoon Session-
Missouri House Floor Meeting
Transcript Highlights:
- And this just of $100,000 of valuation.
- And I think you did explain through the process of when assessed valuation goes up, and the district
- And I think you did explain through the process of when assessed valuation goes up, and the district
- Yeah, because the net effect of the 18% increase in valuation. Right.
- This would prohibit county assessors from changing the assessment valuations on properties being used
Summary:
The House established a quorum and then took up several bills for perfection and printing. House Bill 2189, sponsored by the Jasper member, would allow five-year vehicle registrations, eliminate the old even/odd model-year registration rule, and limit the five-year option to vehicles six years old or newer. Members discussed how the bill would interact with emissions, safety inspections, insurance verification, and county tax collection systems. House Amendment 1, which set the five-year fee at $45, was adopted, and the bill was then perfected and printed.
The chamber next considered House Committee Substitute for House Bill 1790, a ballot-language measure sponsored by the St. Louis County member. The bill requires clearer ballot wording for local tax levies, including stating levy amounts in dollar terms, alphabetic labeling of propositions, disclosure when a measure would nullify a prior sunset, and a rollback rule tied to reassessment years and voter-approved levies. Members generally supported the transparency goals, and a drafting correction amendment adding a comma was adopted before the committee substitute was perfected and printed.
House Committee Substitute for House Bill 2178, sponsored by the Pike member, drew the most extended debate. The bill would limit commercial property assessment increases to 15% per reassessment cycle, require a physical inspection if increases exceed that threshold, and require Board of Equalization decisions by the end of September or revert to the prior year’s assessment. Amendments were adopted to add short-term rental protections so assessors cannot reclassify residential short-term rentals as commercial property, to incorporate ballot-language provisions from other bills, and to add taxpayer protections requiring clearer assessment notices, faster refunds, and litigation-cost recovery in some successful appeals. The body adopted House Amendment 1 by roll call, 92-43 with 5 present, and later adopted House Amendments 2 and 3; House Amendment 4 was then taken up for further discussion at the end of the transcript.
WA
Washington 2025-2026 Regular Session
Select Committee on Pension Policy Jun 17th, 2025 at 10:00 am
Select Committee on Pension Policy
Transcript Highlights:
- from the Office of the State Actuary.
- Now, OSA has produced an actuarial fiscal note for this bill.
- For the record, Luke Masselink, senior actuary with OSA.
- In terms of the actuarial, actuarial implications, understandably, we'll be requesting that through OSA
- Ask the state actuary to quantify this for you.
Committee:
Joint Select Committee on Pension Policy
Summary:
The Select Committee on Pension Policy met on June 17, 2025, with Vice Chair Fitzgibbon presiding initially in Chair Benke’s absence. The committee approved the May minutes and then held its annual election of officers. Representative Travis Couture was elected chair, Senator Steve Conway was elected vice chair, and the executive committee seats were filled by Member Yistramski for actives, Bev Hermanson for retirees, and Anthony Murrietta for employers. The committee also recognized Pat Thompson for her long service and upcoming departure from the committee.
Staff then briefed the committee on Engrossed Substitute Senate Bill 5357, which changed pension funding by increasing the assumed long-term investment return from 7% to 7.25%, lowering normal cost contribution rates, suspending Plan 1 UAAL contributions for four years, and extending the amortization period for Plan 1 benefit improvements from 10 to 15 years. The Office of the State Actuary explained that the bill produces significant short-term budget savings but increases the risk of higher contribution rates later if investment experience underperforms. Members asked about the suspension of Plan 1 UAAL rates and the implications for future rates and funding risk.
The committee also received an introduction to the required study of proposed LEOFF 1 merger and termination legislation under the 2025-27 operating budget proviso, covering Substitute Senate Bill 5085 and Substitute House Bill 2034. Staff outlined the study plan, including legal, tax, actuarial, administrative, and pension policy analysis, with input expected from the Attorney General’s Office, Ice Miller LLP, the Office of the State Actuary, DRS, the State Investment Board, and the State Treasurer. Members discussed the unusual issue of an overfunded plan and possible IRS implications. Public testimony was split, with some speakers supporting a merger as a way to create room for a Plan 1 COLA and others opposing any diversion of LEOFF 1 assets, citing legal, tax, and member-rights concerns. The meeting adjourned before the scheduled executive session.
NM
New Mexico 2025 Regular Session
IC - Investments and Pensions Oversight Sep 12th, 2025
Investments & Pensions Oversight Committee
Transcript Highlights:
- It was nonsense in 1929 when the stock market reached high valuations.
- Valuations tend to be mean-reverting.
- That's a little toward the low end and mainly due to the U.S. valuations.
- We actually like the valuations of foreign stocks pretty well.
- We modeled it on our current valuation numbers. The FY25 valuation won't be out till October.
LA
Transcript Highlights:
- And I did ask an actuary. I called one because I kept saying, well, we lose money.
- Amendment 3, after payments, delete effective June 30, 2029 valuation, and insert beginning July 1, 2029
- Amendment 4 makes some technical changes that the actuary asked for. Thank you.
- Right now, if you were to review our valuation, there are a page and a half...
Committee:
House Retirement
Summary:
The Retirement Committee met on March 26, 2026, with a quorum present. House Bill 24 was voluntarily deferred at the start of the meeting. The committee then heard House Bill 20, which would have allowed retired teachers to return to work under superintendent discretion while drawing retirement benefits. Representative Bagley argued the bill would help address teacher shortages by letting districts hire experienced certified teachers, while Representative Taylor raised broader concerns about how returning retirees are treated. After discussion, HB 20 was voluntarily deferred.
The committee next considered House Bill 25, a technical update to the Teachers’ Retirement System to conform with changes in the Internal Revenue Code, including benefit commencement and surviving spouse election provisions. Catherine Whitney of TRSL said the bill is routine compliance legislation reviewed periodically by the system’s tax attorney. An amendment was adopted, and HB 25 was reported favorably as amended. House Bill 23, a cost-of-living adjustment bill for LASERS retirees, was also amended to raise the benefit cap from $80,000 to $81,201 and then reported favorably as amended.
House Bill 42 proposed a phased retirement program for higher education employees in the Teachers’ Retirement System, allowing partial retirement and part-time work with partial benefits. Bacala said it was intended to help retain talent at universities and was based on prior task force recommendations; an amendment was adopted to set the participation framework for universities, and the bill was reported favorably as amended. House Bill 32, a LASERS cleanup bill addressing disability retiree restoration, administrative errors, and benefit calculations, was described by LASERS as technical in nature and was reported favorably. House Bill 13, a State Police Retirement System reamortization bill, was amended to adjust timing and technical provisions and then reported favorably as amended.
Finally, the committee took up House Bill 41 on the Firefighters’ Retirement System board makeup. A new amendment package replaced earlier amendments and would eliminate term limits, expand elected active-member seats from two to five, remove chief association appointments, and require vacancies to be filled by election. Supporters described it as a compromise intended to better represent the system’s active members, while the Louisiana Fire Chiefs Association objected that chiefs had been left out of the negotiations and said they provide important budget and governance expertise. Despite the opposition, the committee adopted the amendments and reported HB 41 favorably as amended.
LA
Transcript Highlights:
- And I did ask an actuary. I called one because I kept saying, well, we lose money.
- Amendment 3, after payments, delete 'effective June 30, 2029 valuation' and insert 'beginning July 1,
- Amendment 4 makes some technical changes that the actuary asked for. Thank you.
- Right now, if you were to review our valuation, there are a page and a half.
Committee:
House Retirement
OK
Oklahoma 2026 Regular Session
Business and Insurance 2ND REVISED Feb 19th, 2026 at 09:30 am
Business and Insurance
Transcript Highlights:
- My first question to the senator Would you believe that insurers must justify rates actuarially when
- We see building and repair costs oftentimes with the actual valuation of a home on an insurance policy
- What I do know is the rate of increase has been very rapid And that our cost of insurance per valuation
- So, I think that the actuaries have done a pretty good job of figuring out what they need to charge to
Bills:
SB1969 , SB1953 , SB1277 , SB1287 , SB1061 , SB1916 , SB1589 , SB2178 , SB1444 , SB1438 , SB1501 , SB1873 , SB1364
Committee:
Senate Business and Insurance
Keywords:
massage therapy, licensing, multistate compact, regulation, healthcare, professionals, Employer Health Plan Transparency Act, health insurance, claims data, contract provisions, health care providers, auditable materials, HIPAA compliance, insurance regulation, unemployment benefits, employment security, work search, job search, reemployment, jobless benefits
OK
Transcript Highlights:
- Actually, the evaluation goes up with the maximum it can be as far as the taxable valuation is 3% on
- So how large could that valuation gap become after 10 or 20 years under a 1% cap?
- Right now, the valuation is often on a vacant piece of land.
- They started protesting the valuations.
- Those ended up in court and they lasted for years with those valuations being held up in escrow.
Bills:
HJR1024 , SB1316 , SB1491 , SB1552 , SB1679 , SB1877 , SB2040 , SB2133 , SB2153 , SB2174 , SB2180 , SB227 , SJR39 , SJR47 , SJR48
Committee:
Senate Rules
Keywords:
Judicial Nominating Commission, congressional districts, terms of office, Oklahoma Constitution, legal qualifications, political party restrictions, family ties, administrative rules, sunset provision, state agencies, regulatory review, legislative oversight, presidential electors, vacancies, oath of office, political party, elections, county home rule charter, home rule, county government
MN
Minnesota 2025-2026 Regular Session
House Judiciary Finance and Civil Law Committee 4/3/25 - Part 1
Judiciary Finance and Civil Law
Transcript Highlights:
- If a building appeals its property tax valuation and uses Building B and Building C as comps, the proprietary
- 58:38.240><c> tax</c> property tax appeals its property tax property tax appeals its property tax valuation
- 39.200><c> uses</c><00:58:39.599><c> Building</c><00:58:39.960><c> B</c><00:58:40.200><c> and</c> valuation
- and uses Building B and valuation and uses Building B and Building<00:58:40.599><c> C</c><00:58:40.880
Bills:
HF2233 , HF1524 , HF1893 , HF1396 , HF2456 , HF2959 , HF2300 , HF2412 , HF3022 , HF2825 , HF1862 , HF1373 , HF1039 , HF3070
Committee:
House Judiciary Finance and Civil Law
Keywords:
Uniform Special Deposits Act, special deposit, banking law, financial institutions, escrow, escrow account, trust account, security deposit, beneficiary, depositor, creditor process, garnishment, attachment, levy, setoff, recoupment, financial market infrastructure, retirement benefits, compensation, earnest money
FL
Florida 2025 Regular Session
March 13, 2025 - 01:00 PM
Transcript Highlights:
- The bill actually develops a program in collaboration with OIR and the actuarial science program at FSU
- And, you know, here's the great thing about science: whether it's actuarial science or whether it is
- Whether it's actuarial science or whether it is something that comes from a lab, data is data.
- not a change in ownership for purposes of Chapter 193 and does not trigger a reassessment of the valuation
- the valuation of the property. Mr. Chair, that is the bill. Thank you. Any questions on the bill?
Summary:
The committee met with a quorum and heard five bills. HB 1097 would rename the Florida Catastrophic Storm Center at FSU as the Florida Center for Excellence in Insurance and Risk Management, transfer the public hurricane loss projection model from FIU to FSU, and provide recurring and nonrecurring appropriations to support independent insurance research and collaboration with OIR and other universities. Members discussed university roles, model oversight, independence from industry funding, and student/workforce benefits. The bill passed favorably on a roll call vote.
HB 319 would create a regulatory framework for virtual currency kiosk businesses, requiring registration with the Office of Financial Regulation, consumer disclosures, and penalties for violations. Much of the discussion focused on fraud prevention, especially for seniors, and whether the bill should include transaction caps or stronger recovery tools; AARP supported the bill but urged additional protections. The bill passed favorably. CS/HB 385 made technical changes to the Florida Trust Code and Community Property Trust Act, including decanting, trustee claims, redemption by satisfaction, and homestead transfer treatment; an amendment conforming to the Senate version was adopted, and the bill passed favorably.
CS/HB 97 would allow service of process for exploitation injunctions against unascertainable scammers through the same communication method used to contact the victim, such as text or social media, and would let courts freeze funds temporarily while the matter is heard. Testimony from elder law practitioners and AARP supported the bill as a tool against scams, while some members raised due process and overreach concerns; the bill passed favorably. HB 839 would shorten the overpayment recovery window for claims submitted to psychologists and HMOs to match other health providers, with the goal of improving parity and access to mental health care; an amendment was adopted, and the bill passed favorably. The meeting concluded with adjournment after the final roll call votes.
OK
Oklahoma 2026 Regular Session
Banking, Financial Services and Pensions Feb 10th, 2026 at 03:00 pm
Banking, Financial Services and Pensions
Transcript Highlights:
- Also, I want to announce that we sent a lot of bills out to analysis by our actuary last year.
- There would have been a benefit to my surviving, but because of to follow up on your question, the actuary
- It's already been figured in, so it has no actuarial cost to it. Any further questions?
- And point of clarification, is this going to an actuarial or is this the bill? This is the bill.
Keywords:
credit card transactions, payment methods, service charge, consumer rights, financial regulation, public finance, pension, pension fund, retirement system, board of trustees, proxy voting, proxy proposal, shareholder vote, shareholder activism, fiduciary duty, pecuniary factors, nonpecuniary factors, ESG, environmental social governance, social goals