Video & Transcript : 'banking services' :
Page 94 of 500
TX
Transcript Highlights:
- House Bill 5085 seeks to build on existing knowledge surrounding seed banks Representative Gervin Hawkins
- : and seed preservation by creating a report on the impact of seed banks and seed preservation on access
- Seed banks preserve crop diversity and support Representative Gervin Hawkins: local farmers, gardeners
- Third, seed banks and seed preservation are educational.
- Texas A&M Agricultural Life Extension Center Service, an educational agency focused on life sciences
Bills:
HB5085
Committee:
House Agriculture & Livestock
Summary:
The House Committee on Agriculture and Livestock met with a quorum present and heard testimony on House Bill 5085, which would create a report on the impacts of seed banks and seed preservation, especially as they relate to food access, biodiversity, disaster recovery, and education. Representative Gervin Hawkins presented the bill, citing examples such as the Bastrop wildfire and the role of seed banking in restoring ecosystems and supporting food security. No one testified against the bill, and the author closed after questions.
The committee then voted to report HB 5085 favorably to the full House without amendment, with the recommendation that it do pass and be printed. The motion passed on a 6-3 vote. The committee also considered Senate Bill 1035, with a committee substitute adopted that made a minor wording change from "or" to "and." SB 1035, which creates a legal pathway for agricultural operators to challenge unlawful local regulations and recover court costs and attorneys' fees, was reported favorably on a 9-0 vote.
Finally, the committee took up Senate Bill 2155, which implements TDLR recommendations to modernize the Texas Board of Veterinary Medical Examiners by improving licensing, complaint resolution, and enforcement processes. The bill was reported favorably to the full House without amendment on a 9-0 vote. After disposing of these items, the committee adjourned subject to the call of the chair.
MO
Transcript Highlights:
- And services to meet their needs.
- Lloyd Wilson is here today representing the Public Service Commission, which...
- Those are currently now being banked offshore.
- It is a very important part of the financial services sector.
- Public Service Commission—the Public Service Commission is an independently governed commission that
Committee:
House Budget
TX
Texas 89th Regular
Senate Committee on Business and Commerce (Part I) Apr 8th, 2025
Business & Commerce
Transcript Highlights:
- Does this exempt small community banks? Yes, Chairman Kolkhorst.
- Just for your community banks to know that there is no intent to add them.
- Some of our community banks aren't small. Yeah, that was just part of the deal.
- Are conversations with the banks still going on? Pretty much ended, or what?
- If the bank still has the money, you haven't broken the rules, right?
Committee:
Senate Business & Commerce
WA
Washington 2025-2026 Regular Session
House Consumer Protection & Business Feb 24th, 2026
Transcript Highlights:
- And the service that we offer allows folks to convert cash directly into crypto.
- We support live customer service.
- Thank you very much for your service. We have a question for you, Representative Kloba.
- As you probably know, the banking industry operates under some of these... And see kiosks.
- It's not the same regulated system that most banks think of.
Summary:
The committee heard public testimony on several insurance and consumer protection bills. On engrossed substitute Senate Bill 5928, staff and the Office of the Insurance Commissioner described wildfire risk score and model disclosure requirements for homeowners, including notices when policies are nonrenewed, canceled, or premiums are adversely affected, plus insurer website disclosures about mitigation discounts and rate filing transparency. Supporters, including the OIC, AARP, the mayor of Medical Lake, and a fire chief, said the bill would improve transparency, help homeowners understand and reduce wildfire risk, and protect consumers facing cancellations and rising premiums. Industry witnesses said they supported the goal but warned the bill could add regulatory cost and complexity, and some urged narrower, simpler disclosure language and a delayed implementation date.
On engrossed substitute Senate Bill 6031, which would expand the insurance fraud program and create a standalone Class B felony for insurance fraud, the OIC and AARP supported the bill as a tool against organized fraud and restitution for victims. A criminal defense representative raised concerns that the new felony language overlaps with existing misdemeanor insurance fraud law and could create conflicting statutes and harsher penalties for the same conduct. The committee also heard testimony that the bill had already incorporated amendments limiting criminal investigators’ role in regulatory investigations and focusing them on complex schemes.
The committee then heard substitute Senate Bill 6248 on travel insurance, described as largely mirroring a House bill already passed by the committee. Testimony from the travel insurance industry said agreed-upon amendments had been incorporated, including changes addressing conflict-of-interest concerns, and urged the bill’s advancement. Finally, the committee heard substitute Senate Bill 6079, which would create the Strengthen Washington Homes grant program to fund wildfire home-hardening and prohibit insurers from using wildfire risk as a disqualifying factor for homes meeting IBHS wildfire-prepared standards. The OIC, fire commissioners, AARP, and the prime sponsor supported the bill as a way to reduce nonrenewals and improve insurability, while insurers opposed Section 7, arguing it could interfere with underwriting and should be removed if the bill is to remain a grant program. The committee also began hearing engrossed Senate Bill 5280 on virtual currency kiosks, with staff and the Department of Financial Institutions describing daily transaction caps, fee limits, disclosures, and receipts to curb fraud; consumer protection and law enforcement witnesses supported the bill, while industry witnesses raised concerns about burdens on compliant businesses and passive retail hosts.
ID
Transcript Highlights:
- But when I worked on this bill two years ago, I did negotiate with the banks...
- I don't have an answer to how many commercial banks have a class one vault.
- But when I worked on this bill two years ago, I did negotiate with the banks...
- I did negotiate with the banks and had that language added to the bill.
- No one can be denied services because they choose to use physical ID instead.
Committee:
Senate State Affairs
HI
Hawaii 2025 Regular Session
ACT 310, SLH 2025 Nonprofit Grants Program Info Briefing - Thu Oct 30, 2025 @ 9:00 AM HST
Hawaii House Floor Meeting
Transcript Highlights:
- </c> health services. health services.
- Kauaii, Malama Pono Health Services. Kauaii, Malama Pono Health Services.
- Malama Pono Health Services, followed by Monami, Maui Economic Development Board, and Maui Food Bank.
- </c> social services including incarceration. social services including incarceration.
- Services. Services.
Summary:
This joint informational briefing on Act 310 grants and aid focused on organizations describing how federal funding cuts, Medicaid/SNAP changes, and related policy shifts are affecting their services and budgets. Committee members explained there would be no Q&A, testimony would be limited to one minute, and in-person participants would be heard before Zoom callers. Members repeatedly asked testifiers to identify the amount of federal funding lost or at risk.
Testimony came from a wide range of nonprofits and community providers, including Aloha Care, Hawaii Bicycling League, Hawaii Literacy, Hawaii Youth Symphony, Healthy Mothers Healthy Babies Coalition of Hawaii, the Tsunami Museum, The Kohala Center, West Hawaii Community Health Center, West Hawaii Region Hospital Foundation, Sounding Joy Music Therapy, Big Brothers Big Sisters Hawaii, Dynamic Community Solutions, Feeding Hawaii Together, Girl Scouts of Hawaii, Hawaii Disability Rights Center, Hawaii Youth Services Network, Hawaiian Lending and Investments, Homana, Honolulu Theatre for the Youth, Kids Hurt Too Hawaii, and Kokua Kalihi Valley. Most described reduced or threatened federal support and requested state funding to maintain services such as health care access, food security, disaster preparedness, literacy and digital inclusion, youth mentoring, arts education, housing, and climate or agricultural resilience.
Several speakers emphasized direct impacts on vulnerable populations, including kūpuna, low-income families, immigrants, homeless youth, and people with disabilities. Requests ranged from relatively small planning or program grants to multi-million-dollar stabilization asks, with some organizations citing specific losses such as reduced Medicaid or USDA funding, canceled EPA or FEMA support, or expiring federal grants. No votes or formal committee actions were taken during the briefing.
VT
Transcript Highlights:
- </c> human services, the member from Walit. human services, the member from Walit.
- c><00:41:19.040><c> the</c> than mandating community service, the than mandating community service, the
- </c><00:42:10.480><c> Committee</c><00:42:10.880><c> on</c> services and the Senate Committee on services
- On third reading, House Ways services.
- </c> provisions of mental health services. provisions of mental health services.
FL
Florida 2025 Regular Session
December 9, 2025 - 09:30 AM
Transcript Highlights:
- AS A RESULT BANKS SHIFTED THE FUNCTIONS AWAY FROM HUMAN BANK TELLERS AND TWO ATM MACHINES.
- BANKS USE SOME OF THE MONEY SAVED BY INSTALLING ATMS TO OPEN ADDITIONAL BRANCHES AND EACH ADDITIONAL
- BREACH REQUIRED BANK TELLERS.
- ESPECIALLY FOR NEW GOODS AND SERVICES.
- THIS IS RELEVANT TO FLORIDA BECAUSE FLORIDAIS A SERVICE HEAVY LABOR MARKET.
MN
Minnesota 2025-2026 Regular Session
Housing Committee Meeting - 2026-04-07
Housing Finance and Policy
Transcript Highlights:
- Federally authorized, state-created bank that does a kind of banking activity, um, around mortgage financing
- </c><00:25:09.520><c> And</c> the banking side of what we do. And the banking side of what we do.
- But historically, they are is the bank.
- </c> uh these highrises adequately um service uh these highrises adequately um service with<00:34:26.800
- </c> were, well I know banks are regulated.
Bills:
SF2434
Committee:
House Housing Finance and Policy
MA
Massachusetts 2025-2026 Regular Session
Joint Committee on Racial Equity, Civil Rights, and Inclusion Mar 31st, 2026
Joint Committee on Racial Equity, Civil Rights, and Inclusion
Transcript Highlights:
- Additionally, the Department of Career Services also promotes career services resources online at mass.gov
- Kiami Mahania, Secretary of Health and Human Services.
- Foundation, the Eastern Bank Foundation, and the Chamber of Commerce.
- and human services that the federal government has abandoned on purpose?
- and human services, make up that gap in social services and human services that the federal government
WA
Washington 2025-2026 Regular Session
Senate Floor Debate — April 26 Apr 26th, 2025 at 06:30 pm
Transcript Highlights:
- Banke. Banky. Branky. Braun. Chapman. Christian.
- On page 11, line 31, after credit, strike banked or. Senator Wagner. Mr.
- It doesn't do the public any good to have them banked, Mr.
- Public any good to have them banked, Mr.
- President, and that's why we have the higher rate on the banked credits.
Summary:
The Senate opened with a moment of silence for Senator Chris Gildon’s wife, Autumn, who had died earlier that day. Members then took up several bills on final passage, moving most of them directly from second to third reading by unanimous consent.
Substitute House Bill 2020, dealing with payment card processing activities, was described as resolving a long-running dispute with the Department of Revenue by setting a 3.1% B&O tax rate and allowing certain deductions; it passed 47-0. House Bill 2039, which delays expansion of child support pass-through from 2026 to 2029, drew some opposition over reducing support to custodial parents but passed 25-22. House Bill 2040, delaying elimination of recoveries from the aged, blind, and disabled assistance program from 2025 to 2028, also passed 25-22 after similar debate about protecting vulnerable recipients.
Substitute House Bill 2051, concerning payment to acute care hospitals for difficult-to-discharge patients, passed 27-20 after several proposed amendments were withdrawn. Engrossed Substitute House Bill 2061, imposing a 10% concession fee on duty-free sales to fund tourism promotion and sustainable aviation fuel, passed 27-20 despite Republican concerns it was a tax increase that would be passed on to consumers. Substitute House Bill 2077, which creates taxes on certain zero-emission vehicle credit transactions, defeated an amendment that would have removed the tax on banked credits; supporters framed it as encouraging use of credits and clean transportation investment, while opponents called it a targeted “Tesla tax.” It passed 28-19.
The Senate then returned to Engrossed Substitute House Bill 1293, a litter and plastic bag policy bill. After the House refused to concur in Senate amendments, the Senate receded, adopted a striking amendment, and passed the bill 27-20. The chamber then adjourned until April 27, 2025.
MN
Minnesota 2025-2026 Regular Session
Committee on Health and Human Services - 04/15/26
Health and Human Services
Transcript Highlights:
- Services. Services.
- </c><00:23:50.960><c> to</c> commission on human services to commission on human services to um um um
- ,</c> for the Department of Human Services, for the Department of Human Services, that<00:30:52.160><
- </c> primary care services. primary care services.
- </c> services for many clients that we see. services for many clients that we see.
Committee:
Senate Health and Human Services
NH
Transcript Highlights:
- </c><00:43:55.359><c> um</c> um loans are being offered by banks um um loans are being offered by banks
- Um and um no no bank accomplishing that.
- of all sizes—New Hampshire charter banks, national banks, out-of-state charter banks, and midsize banks
- </c> that normally result in the banks that normally result in the banks charging<01:02:37.599><c> higher
- </c> banks to charge lower interest rates? banks to charge lower interest rates? >> Possibly.
Committee:
House Housing
Summary:
The Housing Committee opened with a public hearing on HB 196, which would repeal the Housing Champion program. Representative Matt Drew, the prime sponsor, argued the program is an unnecessary and poorly targeted subsidy, saying it rewards municipalities after projects are completed and may not be limited to new housing production. He questioned the transparency of the program, cited difficulty finding required annual reports, and noted a fiscal note suggesting the state could recover up to $3 million if obligations are terminated. Committee members and witnesses debated whether the program’s criteria amount to political favoritism or a standard grant process; supporters said the rubric is specific and that municipalities are evaluated against objective requirements. Representative Priest, Nick Taylor of Housing Action New Hampshire, and Karen Benfield of Stay Work Play New Hampshire all opposed repeal, saying the program encourages local zoning and regulatory changes, helps smaller communities participate, and supports housing supply and young people’s ability to stay in the state. The hearing on HB 196 was then closed.
The committee then opened a hearing on HB 1405, a bill establishing an affordable housing guarantee program within the Housing Finance Authority. Prime sponsor Representative Chris Muns said the bill would reduce lender risk by guaranteeing up to 80% of principal on qualifying loans for affordable housing, with a cap of $30 million per lender per year and $300 million outstanding at any time. He described the measure as a low-cost public-private partnership backed by the full faith and credit of the state, and said it was identical to a prior Senate bill that had received unanimous bipartisan committee support before dying later in the process. He framed the bill as one part of a broader housing package aimed at financing, infrastructure, workforce, zoning reform, and other housing-related issues.
No votes were taken during the portion of the meeting provided. The only formal actions were opening and closing the public hearing on HB 196 and opening the public hearing on HB 1405, with testimony continuing on HB 1405 at the end of the transcript.
KY
Kentucky 2025 Regular Session
Capital Projects and Bond Oversight Committee (6-24-25)
Transcript Highlights:
- Postal Service?
- </c> they sent it via the US Postal Service. they sent it via the US Postal Service.
- </c> parties that aren't receiving service parties that aren't receiving service and<00:42:43.440><c>
- ><c> are</c><00:42:46.400><c> leaving</c> and if these services um are leaving and if these services
- Bank as the purchaser.
Summary:
The meeting began with routine business, including welcoming new committee member Senator Reginald Thomas, approving the minutes, and receiving a correspondence report on several information items. Those items included University of Kentucky research equipment funding, UK capital project funding using federal/private funds, debt issues from McGoffin County and Owen County school districts, lease modifications by the Division of Real Properties, asset preservation project revisions at Eastern Kentucky University and Northern Kentucky University, and Kentucky Communications Network Authority (KCNA) information on Kentucky Wired critical infrastructure.
The main discussion focused on a dispute over the Kentucky Wired communication shelters, or “huts,” and related payments under KCNA’s agreement with Asellicom/Excel. Brad Kilby of Asellicom testified that KCNA had not paid for the huts, that Asellicom had not received the alleged $8 million or any later payment, and that Asellicom remained the legal owner. Committee members pressed him on whether payment had been received, whether anyone else might have received it, and whether the lawsuit or dispute resolution process clarified the issue. Kilby said no payment had been received and that the matter was part of ongoing litigation.
KCNA Executive Director Doug Hendricks and General Counsel Adam Atkins then testified. They said a certified check for $8.5 million was mailed in July, based on the Finance and Administration Cabinet secretary’s determination that $8.5 million was due under the model procurement code, even though KCNA had initially requested about $12 million to cover a worst-case estimate. They said the contract allowed payment in full or in tranches, that the huts were completed and operational, and that KCNA had not received documentation supporting Asellicom’s higher $10.1 million claim. Members expressed frustration over the missing check and the broader implications for Kentucky Wired, and one member requested that the committee obtain all agency requests related to KCNA/Kentucky Wired since inception; the co-chairs said they would look into making that information available. No formal vote was taken on the dispute during the portion provided.
CA
California 2025-2026 Regular Session
Assembly Budget Committee Sep 11th, 2025
Transcript Highlights:
- Lee in the human services space.
- This is the human services trailer bill.
- And finally, we support services, sorry, we support funding for immigration legal services.
- Forest Service and the qualified product list.
- Forest Service and the qualified product list.
Summary:
The Assembly Budget Committee held an informational hearing on the September budget package, which included SB 105 and a series of trailer bills covering health, human services, education, resources, child care, transportation, labor, public safety, housing, revenue, background checks, collective bargaining, and a special election. The Department of Finance described the package as largely technical and clarifying, but also responsive to state and federal changes, especially H.R. 1. Key items included roughly $3.3 billion in Proposition 4 climate and environmental spending, $540 million in discretionary greenhouse gas reduction funds, and major responses to H.R. 1 such as CalFresh error-rate mitigation, food bank support, and Medicaid-related changes. Other notable provisions included vaccine policy flexibility, an Abortion Access Fund, a gender-affirming care program, community college basic-needs and aid changes, CEQA and coastal permit exemptions tied to the 2028 Olympics, invasive mussel prevention funding, a civic media program, labor and pension-related provisions, and special election administration changes.
Members raised questions and concerns about several parts of the package. There was support for climate, water, transit, offshore wind, food security, and health investments, but also significant criticism of the lack of cleanup language for SB 131 and its advanced manufacturing exemptions, with multiple members saying promised fixes had not materialized and expressing concerns about tribal consultation, labor standards, and environmental protections. Members also questioned the scale and timing of some Proposition 4 allocations, including fairground upgrades, regional conveyance, and a UC Davis alternative protein research center. The Department of Finance said some programs would roll out over time and that certain funding levels reflected current implementation capacity.
The hearing also featured discussion of Bay Area transit financing, with Finance saying SB 105 directs the department and CalSTA to examine loan or other financing options rather than immediately providing loans. Members and public commenters also discussed the state’s response to H.R. 1, with advocates supporting food bank, health care, and immunization provisions while warning of ongoing harm to immigrants, foster youth, and other vulnerable groups. Public testimony broadly supported the health, food, water, offshore wind, and golden mussel provisions, while many speakers echoed legislative concerns about SB 131 and urged cleanup action in the next session. No votes were taken because the hearing was informational only, though the chair noted votes on the bills were expected later that night or the next morning.
ID
Idaho 2026 Regular Session
May 11th, 2026
Transcript Highlights:
- We established a service project.
- We established a service project.
- I'm receiving additional banks that are participating every day.
- Oh, this one, the service challenge. Look where we are.
- We have those official places in the banks and the credit unions.
Summary:
The America 250 and Idaho Advisory Council met with a quorum and approved the April 20, 2026 minutes. Staff gave a financial update showing $68,267.67 unobligated in the commemorative fund, $440,710 spent to date, and $205,852.93 in celebration grants dispersed, with about $35,000 left to distribute. The committee also approved a motion to reallocate $10,000 from a project coordinator travel line to cover higher final production costs for the hanging Declaration of Independence display.
Treasurer Ellsworth gave an extensive update on America 250 outreach, highlighting ambassador activity across cities, counties, businesses, schools, and veterans groups; numerous community events; the Revolutionary Spud “take-home” packs and coloring book; the Liberty Bell quarter-drive fundraising effort; the Liberty Bell carriage project; the service challenge nearing $250,000; and the final storybooks and Spuddy Buddies materials moving toward print. Members praised the strong engagement with schoolchildren and local communities, and Ellsworth said the signature collection for the declaration display was complete.
Secretary McGrane reported that planning for the July 4 celebration is intensifying, with logistics, volunteers, the Veteran Entrepreneur Alliance, the parade, the Foundations and Freedom Tour, and Capitol displays all being coordinated. Director Gallamore summarized state agency efforts, including a new America 250 license plate, oral history interviews, the Move 250 campaign, educational tiles, the Great American State Fair, and other events tied to the commemoration. Hannah Laurie Hine outlined federal and national America 250 initiatives, including the congressional caucus, oral history efforts, the Great American State Fair, and the extended student art contest deadline. The Idaho Lottery previewed an America 250 scratch ticket going on sale statewide, and the Senate described plans for a Capitol for the Day event with schools and agencies. The committee set its next meeting for Tuesday, May 26, in the afternoon, and then adjourned.
WA
Washington 2025-2026 Regular Session
Senate Floor Session Feb 10th, 2026 at 01:15 pm
Washington Senate Floor Meeting
Transcript Highlights:
- Everybody knows that I gave up a lucrative career in the NFL to go into public service.
- I mean, I think he just got the Walter Payton Award, yeah, for community service.
- Alvarado, Bateman, Banke, Braun.
- Senator Banke, how do you vote? Senator Banke votes aye. Senator Leas, how do you vote?
- Banking. Thank you. Thank you. Fron. Bron. John. Chapman. Christian. Cleveland. Conway. Conway.
Summary:
The Senate began by advancing to the Eighth Order of Business and adopted Senate Resolution 8683 honoring the Seattle Seahawks for their 2025 championship season. The resolution and floor remarks celebrated the team’s 14-3 regular season, NFC West title, playoff run, Super Bowl 60 victory, and community involvement. Senators from both parties offered supportive remarks about the team’s leadership, teamwork, and impact across Washington, and the resolution was adopted unanimously. The chamber then welcomed Seahawks representatives and former player/play-by-play announcer Steve Rable to the rostrum for recognition and photographs.
The Senate then considered and passed several bills, including SB 6084 clarifying that a person may not vote more than once in the same election across states; SB 5977 requiring publication of child near-fatality reviews; SB 5985 on endometriosis awareness and research; SB 6046 placing the Civil Air Patrol within the Military Department; SB 6291 extending septic inspector training supervision from two to four years; SB 6707 directing a WSIPP study of DCYF screening tools; SB 6183 ensuring rapid coverage for HIV antiviral drugs; SB 5956 restricting harmful uses of AI, surveillance, and automated discipline in public schools; SB 5820 concerning freight rail-dependent use overlays in Clark County; SB 5936 strengthening remedies and protections for human trafficking survivors; SB 6269 modernizing the motor fuel definition to include gaseous fuels such as hydrogen; SB 6226 protecting audiologists’ clinical autonomy; SB 6025 updating fetal death gestational-age calculations to use more accurate methods; SB 6058 giving Labor and Industries discretion in wage enforcement and adopting a transparency amendment; and SB 6136 requiring publication of actuarial indicated workers’ compensation rates.
Most bills passed with broad support, though SB 5956 on AI in schools drew the most debate and passed 35-13. SB 5820 also drew a split vote, with supporters arguing it would restore environmental protections in Clark County and opponents warning it would undermine rail-related economic development and existing investments. SB 6084 passed 47-1, and the remaining measures passed overwhelmingly or unanimously. The Senate then recessed for caucus.
NM
New Mexico 2025 Regular Session
IC - Economic and Rural Development Sep 4th, 2025
Economic & Rural Development & Policy Committee
Transcript Highlights:
- We have four service stations, convenience... stores.
- We're also a site for the Roadrunner and Echo Food Bank.
- People need access to services in their community.
- I went to college, worked there, worked for the Forest Service, fought fires with the Forest Service,
- Eight of these are USDA inspected by the Food Service Inspection Service.
FL
Transcript Highlights:
- Upon application for service, a utility must expand its service territory to a property outside its current
- service territory if the property is not within the service territory of another water or wastewater
- American Friends Service Committee waives in support.
- Scott Jenkins, American Financial Services.
- Services, will it still be available to girls?
Bills:
S0092 , S0110 , S0192 , S0212 , S0260 , S0350 , S0394 , S0422 , S0434 , S0442 , S0484 , S0546 , S0556 , S0684 , S0696 , S0706 , S0748 , S0786 , S0820 , S0824 , S0838 , S0840 , S0848 , S0856 , S0962 , S1000 , S1014 , S1036 , S1050 , S1054 , S1080 , S1118 , S1134 , S1338 , S1480 , S1500 , S1506 , S1622 , S1724
Committee:
Senate Rules
Keywords:
employee protections, whistleblower, retaliation, public trust, ethics complaint, Commission on Ethics, Public Employees Relations Commission, public employee, local government attorney, public officer, adverse personnel action, protected disclosure, whistleblower retaliation, state agency, independent contractor, public employment, civil service, reinstatement, back pay, front pay
NH
New Hampshire 2025 Regular Session
House Ways and Means (01/27/2025)
Transcript Highlights:
- bank reconciliations.
- bank reconciliations.
- bank reconciliations.
- bank reconciliations.
- bank reconciliations.
Summary:
The meeting featured presentations from the Department of Administrative Services and the Treasury Department on state revenue reporting and unclaimed property. State Comptroller Dana Call explained DAS’s role in compiling statewide revenue reports, including the annual revenue plan set through the budget process and the monthly revenue focus reports that track cash receipts. She noted that unrestricted general fund revenue is about $2 billion annually, while miscellaneous other revenue is a much smaller and less predictable category, averaging roughly $30 million to $32 million a year. She also described two more material internal revenue lines: statewide indirect cost recoveries and post-retirement benefit recoveries, which are billed to agencies and often tied to federal reimbursement rules.
Members asked about the interest line in the revenue charts and about how the figures were presented, and Call clarified that the totals were in millions and that the interest item would be explained by the Treasurer. She also explained that the indirect cost and post-retirement recoveries are internal cost allocations that flow back into the unrestricted revenue pool and are reflected in agency budgets as interagency costs.
Treasurer Monica Meissner then outlined Treasury Department functions, including bank deposits, statewide disbursements, banking relationships, investments, debt management, compliance, the FONA College Savings Program, the ABLE Plan, scholarship programs, and the abandoned property program. In discussing unclaimed property, she said holders report property after a five-year dormancy period, the state uses automated systems and outreach to locate owners, and claim activity has increased. In fiscal year 2024, the state returned about $12.2 million to citizens through roughly 12,000 claims; over the last 10 years, about $72.6 million has been returned. She also said the state escheated $19.9 million to the general fund and $1.8 million to counties last year, and explained that securities-related proceeds are harder to estimate because they depend on market conditions. No votes or formal actions were taken.